Extreme Cold Temperatures in February Lead to Record Sendouts for Piedmont Natural Gas

February 2015 weather in Company's three-state service area is coldest in 37 years; volume sendout during the month is highest February in Company's 65-year history with new single-day record set on February 19

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Piedmont Natural Gas

Mar 03, 2015, 04:18 ET

CHARLOTTE, N.C., March 3, 2015 /PRNewswire/ -- Piedmont Natural Gas (NYSE: PNY) today announced that it delivered record volumes of natural gas to its more than one million customers during the month of February when extreme cold temperatures blanketed much of the Company's three-state service area. In February, the winter weather throughout the Company's service area was the coldest in 37 years and Piedmont delivered 52,932,643 dekatherms. For Piedmont, it was the highest monthly volume sendout for a February in its 65-year history, and a 22 percent increase over the previous February sendout record of 43,521,332 dekatherms set in 2013. The Company also set a new, single-day volume sendout record on February 19th. On that day, when temperatures in the Company's Tennessee service area averaged 14 degrees and only 15 degrees in its North Carolina and South Carolina service areas, Piedmont Natural Gas delivered 2,603,269 dekatherms to its customers during a 24-hour period. The new single-day record volume sendout eclipsed the old record of 2,546,205 dekatherms set only last month on January 8, 2015.

Thomas E. Skains, Piedmont's Chairman, President, and CEO, commented on the record sendouts, "The extreme cold temperatures that prevailed throughout our three-state service area for much of February, combined with customer growth and increased demand for natural gas in our power generation markets, led to record demand for natural gas on our pipeline distribution system. Our employees and our system assets performed extremely well, as they have this entire colder than normal winter period. We believe our ability to provide safe and reliable natural gas service under these operating conditions is further testament to the value of our ongoing investments in our pipeline delivery system through our system expansion and pipeline integrity management programs."

About Piedmont Natural Gas

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

SOURCE Piedmont Natural Gas