CHARLOTTE, N.C., Jan. 16, 2015 /PRNewswire/ -- Piedmont Natural
Gas (NYSE: PNY) today filed to further reduce its natural gas
sales rates for customers in North
Carolina and South
Carolina. The Company's filings mark the second such
request in as many months. In December, the Company requested
and received approval to reduce its sales rates for customers in
both states effective January 1 as a
result of declining wholesale natural gas costs which Piedmont passes through to customers on a
dollar for dollar basis.
Today's filings before both the North Carolina Utilities
Commission and the Public Service Commission of South Carolina reflect additional declines in
the Company's wholesale natural gas costs.
If approved by the respective commissions, the new rates
would go into effect on February 1
with residential customers seeing a reduction of about 3% from
January rates and about 8% since the start of the winter period.
The average residential customer in North
Carolina and South Carolina
would save $10 to $15 over the
remaining winter months of February, and March.
About Piedmont Natural Gas
Piedmont Natural Gas is an energy services company primarily
engaged in the distribution of natural gas to more than one million
residential, commercial, industrial and power generation utility
customers in portions of North
Carolina, South Carolina
and Tennessee, including customers
served by municipalities who are wholesale customers. Our
subsidiaries are invested in joint venture, energy-related
businesses, including unregulated retail natural gas marketing, and
regulated interstate natural gas transportation and storage, and
regulated intrastate natural gas transportation businesses. More
information about Piedmont Natural Gas is available on the Internet
at http://www.piedmontng.com/.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/piedmont-natural-gas-files-to-further-reduce-natural-gas-sales-rates-in-north-carolina-and-south-carolina-300021964.html
SOURCE Piedmont Natural Gas