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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:01 EDTPNYPiedmont Natural Gas files to sell 4M shares of common stock
Morgan Stanley, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering. The co-managers are BB&T Capital Markets and RBC Capital Markets.
News For PNY From The Last 14 Days
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May 18, 2015
16:46 EDTPNYPiedmont Natural Gas files for upward adjustment in natural gas rates in NC
Piedmont Natural Gas has filed for an upward adjustment in its natural gas sales rates for customers in North Carolina. Piedmont's request, filed before the North Carolina Utilities Commission, more closely reflects the company's current wholesale cost of natural gas and, if approved by the commission, would go into effect on June 1, 2015. The company's wholesale costs of natural gas, which can fluctuate up or down, are embedded in its retail sales rates and are passed through to customers on a dollar for dollar basis. For the typical Piedmont Natural Gas residential customer in North Carolina, the impact of the upward adjustment will be slight: over the remaining summer period of June through October, residential customers in North Carolina can expect to see a total increase of approximately $5-$6, or just over $1 per month. While the company's proposed adjustment will result in a slight increase in customer's monthly natural gas bills, its wholesale cost of natural gas and overall retail sales rates remain at historically low levels. The low wholesale cost of natural gas is being driven by the availability of plentiful supplies of natural gas as a result of significant increases in natural gas production from shale gas deposits.

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