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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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March 18, 2015
17:22 EDTPNYPiedmont Natural Gas files for one time bill credits for customers in NC
Piedmont Natural Gas filed a request with the North Carolina Utilities Commission, or NCUC, for a one-time gas cost bill credit for its retail sales and transportation customers in North Carolina. The bill credit, if approved by the NCUC, would be reflected on April bills and for the typical Piedmont Natural Gas residential customer would amount to approximately $35, including a small adjustment associated with applicable sales taxes. Piedmont has requested and received approval from the NCUC to reduce the wholesale commodity cost of natural gas in its billing rates in each of the past three months as a result of falling wholesale natural gas prices. The proposed bill credits reflect further reductions in the wholesale commodity cost of natural gas as well as lower transportation and storage costs under third party pipeline capacity contracts. Bill credits from lower gas costs would total approximately $45 million in the aggregate and would occur in April; typical residential customer would see bill reduction of approximately $35.

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