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Stock Market & Financial Investment News

News Breaks
January 29, 2013
17:33 EDTPNYPiedmont Natural Gas 4M share Secondary priced at $32.00
Morgan Stanley, JPMorgan and Wells Fargo acted as joint book running managers for the offering.
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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