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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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January 16, 2015
16:30 EDTPNYPiedmont Natural Gas files to further reduce natural gas rates in Carolinas
Piedmont Natural Gas 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. These 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.

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