Cardinal Pipeline Signs Contracts to Serve North Carolina Natural Gas Growth

HOUSTON, March 1 /PRNewswire-FirstCall/ -- Cardinal Pipeline Company, LLC announced today that it has executed precedent agreements to increase the pipeline's firm transportation capacity by 199,000 dekatherms per day. The pipeline will transport additional natural gas supplies to serve growing markets served by Piedmont Natural Gas Company, Inc. (NYSE: PNY), and Public Service Company of North Carolina (NYSE: SCG) from an interconnect with Williams Partners L.P.'s (NYSE: WPZ) Transco pipeline.

The $39 million Cardinal System Expansion project is scheduled to be placed into service in July 2012.  The expansion has been designed to serve growth on Piedmont's and PSNC Energy's distribution systems, including an expansion on Piedmont's system to serve Progress Energy Carolinas' planned new state-of-the-art gas-fired power generation facility in Wayne County, N.C.

"This Cardinal Pipeline expansion represents a key link in the transportation path providing clean-burning, abundant, domestic natural gas to growing energy markets in North Carolina," the project sponsors said in a statement.  

Cardinal Pipeline is a 105-mile, 24-inch diameter pipeline that extends from Rockingham County, N.C., to a point southeast of Raleigh, N.C., with a design capacity of approximately 279,000 dekatherms per day. The pipeline is a North Carolina limited liability company whose members are wholly owned subsidiaries of Williams Partners L.P., PSNC Energy and Piedmont.

About Williams Partners L.P. (NYSE: WPZ)

Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation.  The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 12 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico.   Williams (NYSE: WMB) owns approximately 84 percent of Williams Partners, including the general-partner interest.  More information is available at www.williamslp.com. Go to http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 or http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.

About Piedmont (NYSE: PNY)

Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial and industrial utility customers in North Carolina, South Carolina and Tennessee, including 61,000 customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, interstate natural gas storage and intrastate natural gas transportation. Additional information about Piedmont is available on the Internet at www.piedmontng.com.

About PSNC (NYSE: SCG)

PSNC Energy, headquartered in Gastonia, N.C., is franchised to serve a 28-county service area in North Carolina. The utility distributes natural gas to approximately 473,000 customers in 96 cities and communities, including the Raleigh, Durham, and Chapel Hill areas in the north central part of the state; the Concord, Statesville, Gastonia, and Forest City areas in the Piedmont; and the Asheville, Hendersonville, Brevard, and Sylva areas in the western part of the state. More information about PSNC Energy is available through the company's Web site at www.psncenergy.com.

This press release may include "forward-looking statements" as defined by federal law.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements.  Additional information about issues that could lead to material changes in performance is contained in the Partnership's annual and quarterly reports filed with the Securities and Exchange Commission.

SOURCE Cardinal Pipeline Company, LLC

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