Piedmont Natural Gas

2 Hearings This Week On Piedmont's 9% Gas Rate Hike

By • Jul 9, 2019
piedmont natural gas logo

Public hearings are planned Tuesday night in High Point and Wednesday night in Charlotte on Piedmont Natural Gas's first rate hike request in six years.

Piedmont Natural Gas Files For Rate Decrease

By • Mar 19, 2018

Piedmont Natural Gas rates are ticking down slightly, thanks to strong sales in recent months, according to a filing Friday with state regulators. 

Warm Winter Hurts Electricity Sales, But Duke Profit Up Slightly

By • May 9, 2017
duke energy logo

Updated 3:07 p.m.
Warmer winter weather slowed Duke Energy's electricity sales in the first three months of the year. But profits still rose slightly, and executives say overall Duke is growing.  During the first quarter, the company also logged expenses from its October merger with Piedmont Natural Gas, and saw international revenues disappear, after the December sale of its Latin American operations.

3 N.C. Protests Target Atlantic Coast Pipeline

By • Nov 15, 2016
Map shows proposed Atlantic Coast Pipeline route from West Virginia to N.C.
Atlantic Coast Pipeline

Oil and gas pipelines planned or under construction around the country have drawn protests - from neighbors, environmentalists and Native American groups. Now it's North Carolina's turn.

Three protest walks are planned this weekend in Cumberland, Nash and Robeson counties by a group hoping to stop construction of the $5 billion Atlantic Coast Pipeline.

Warmer Summer Boosts Duke Profit; Matthew Repairs Cost $200M

By • Nov 4, 2016
duke energy logo

Updated 2:34 p.m.
Duke Energy says its response to Hurricane Matthew last month could end up costing about $200 million. That news came as CEO Lynn Good told Wall Street analysts the company's latest quarterly profits were up.

The nation's largest utility said warmer summer weather boosted energy use - and profits - during the quarter that ended Sept. 30.  Cost-cutting also helped lift profits to just under $1.2 billion dollars, up from $932 million a year earlier.

N.C. Regulators OK Duke's Purchase of Piedmont

By • Sep 30, 2016
duke piedmont logos

The North Carolina Utilities Commission has approved Duke Energy's $6.7 billion purchase of Piedmont Natural Gas - the final approval needed for the merger. The companies said Thursday they expect to close the deal on Monday, Oct. 3.

Duke & Piedmont Execs Argue For Merger, Opponents Protest

By • Jul 19, 2016

State regulators wrapped up a two-day public hearing in Raleigh Tuesday afternoon on the proposed merger of Duke Energy and Piedmont Natural Gas. The two-day hearing included testimony from company leaders and a protest by merger opponents.

Executives including CEOs Lynn Good of Duke and Thomas Skains of Piedmont argued the $6.7 billion deal would create a stronger company and speed Duke's shift toward cleaner-burning natural gas.

Regulators To Hear Arguments For Duke-Piedmont Merger

By • Jul 18, 2016
duke piedmont logos

A public hearing starts Monday in Raleigh on Duke Energy's planned acquisition of Piedmont Natural Gas. Approval by the North Carolina Utilities Commission is the deal's final hurdle. 

Duke announced last October it was buying Piedmont for $6.7 billion. That includes $4.9 billion in cash and taking over $1.8 billion in Piedmont debt. Piedmont has two things Duke wants:  

Atlantic Coast Pipeline Revised, Could Open Late 2018

By • May 12, 2016
Map shows the Atlantic Coast Pipeline's proposed route through eastern North Carolina. It will orginate in West Virginia and run through Virginia as well.
Atlantic Coast Pipeline

Utilities planning the Atlantic Coast Pipeline have altered the route to avoid environmentally sensitive areas. But they say there's no change in the projected cost or 2018 completion date. 

Duke Energy Refocuses Around Its 'Core'

By • Feb 19, 2016
Duke CEO Lynn Good
Duke Energy

Beginning a few decades ago, Duke Energy began buying up plants outside the U.S. It also acquired companies beyond the Carolinas that sell energy on the open market. Now, Duke wants to tighten its focus on what it calls its core businesses.

Piedmont Shareholders OK Acquisition By Duke Energy

By • Jan 22, 2016
piedmont natural gas logo

Piedmont Natural Gas shareholders have approved the company’s sale to Duke Energy. Two-thirds of the company’s shareholders supported the deal at a special meeting Friday morning at its Charlotte headquarters.

FTC OKs Duke's Acquisition of Piedmont Natural Gas

By • Dec 22, 2015
duke piedmont logos

The Federal Trade Commission has given its OK to Duke Energy's planned acquisition of Piedmont Natural Gas, the companies said Tuesday.  

Duke Energy's Profit Down 27 Percent Through September

By Michael Tomsic • Nov 5, 2015
Duke Energy/Flickr

Duke Energy's latest earnings report shows profits declined 27 percent from the same period a year ago. The Charlotte-based company's net income was $932 million through the end of September, which missed analyst expectations.

Weak results internationally and legal settlements in the U.S. hurt Duke Energy's bottom line. The settlements in the quarter were related to a coal plant in Indiana and cleaning up coal ash in North Carolina.

Duke Energy To Buy Piedmont Natural Gas

By • Oct 26, 2015
April Bethea / Charlotte Observer

If both companies get their way Piedmont Natural Gas will become a wholly-owned subsidiary of Duke Energy by the end of next year. The price: $6.7 billion in cash and debt. The announcement came as a bit of a surprise.

Dominion To Build New Gas Pipeline Into NC

By Ben Bradford • Sep 2, 2014
Energy Information Administration (eia.gov)

Duke Energy and Piedmont Natural Gas have chosen a builder and route for a new, major interstate natural gas pipeline to run through North Carolina, only the second such pipeline in the state. The first was built in 1951.