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Stock Market & Financial Investment News

News Breaks
December 13, 2012
12:23 EDTPNYPiedmont Natural Gas accelerates 30c dividend payment to December 31
The board of Piedmont Natural Gas announced the declaration of a quarterly dividend on common stock of 30c per share, payable December 31 to holders of record at the close of business on December 24. The payment date for the Q1 dividend is being accelerated into calendar 2012 from the typical dividend payment date in January in light of the potential increase in US dividend tax rates in 2013.
News For PNY From The Last 14 Days
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October 27, 2014
10:46 EDTPNYPiedmont Natural Gas receives approval for Atlantic Coast pipeline agreements
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October 24, 2014
14:05 EDTPNYConstitutional Pipeline receives FERC final environmental review
Constitution Pipeline Company reported a key regulatory milestone toward approval to construct its proposed pipeline on a schedule that targets increasing natural gas supply to New York and New England markets in time for the winter 2015-16 heating season. The Federal Energy Regulatory Commission, or FERC, on Oct. 24 published its final environmental review of the proposed 124-mile Constitution Pipeline. The FERC action is a key step toward the commission's decision on the project, which is expected as early as late November. Assuming timely receipt of all necessary regulatory approvals, Constitution Pipeline would begin construction as early as the first-quarter next year in order to help meet winter 2015-16 heating-season needs in New York and New England. The FERCís 90-day federal authorization decision deadline for the project is set for Jan. 22, 2015. Constitution Pipeline Company is owned by subsidiaries of Williams Partners L.P. (WPZ), Cabot Oil & Gas Corporation (COG), Piedmont Natural Gas Company (PNY), and WGL Holdings (WGL).
October 17, 2014
14:26 EDTPNYPiedmont Natural Gas files for reduction in North Carolina retail gas rates
Piedmont Natural Gas filed for an overall reduction in its retail natural gas rates in North Carolina as the result of the company's semi-annual review of its margin decoupling mechanism. The filing, if approved by the North Carolina Utilities Commission, would lower the company's retail natural gas billing rates by a net amount of approximately 7c per therm or by approximately 7% for residential customers in North Carolina and would go into effect on November 1. The overall reduction in rates will amount to approximately $32M over the next 12 months.

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