Piedmont Natural Gas and Spinx Announce Agreement to Add Compressed Natural Gas (CNG) Refueling Facilities at Anderson, South Carolina Store

Public CNG facility will be Piedmont's first ever at an existing convenience store location

News provided by

Dec 17, 2014, 09:54 ET

CHARLOTTE, N.C., Dec. 17, 2014 /PRNewswire/ -- Piedmont Natural Gas (NYSE: PNY) and The Spinx Company today announced an agreement to add a Piedmont compressed natural gas (CNG) refueling station at a Spinx convenience store location.

Piedmont will lease space at an existing Spinx store located at the corner of Pearman Dairy Road and West Whitner Street in Anderson, South Carolina in order to install the necessary CNG refueling equipment and compressors. Piedmont will own and maintain the site's CNG facilities which will be open to the public for use by commercial fleets and individual vehicles. The new station will be Piedmont's 11^th public CNG refueling station in the Carolinas and in Tennessee, and its third public CNG station in South Carolina.

Commenting on the agreement was Spinx Chief Executive Officer, Steve Spinks, "We are pleased to partner with Piedmont Natural Gas in order to offer CNG to our commercial fleet and individual customers. The use of CNG as a transportation fuel is growing as is the refueling infrastructure that supports that growth. We believe this project fits very well with our own vision and mission to make people's lives easier and to provide quality services and products. We are looking forward to working with Piedmont on this exciting project."

Piedmont's Senior Vice President and Chief Financial Officer, Karl W. Newlin, also commented on the agreement, "We are very pleased to be working with such a fine company as The Spinx Company to place a public CNG refueling facility at one of their stores in Anderson, South Carolina. This is an important milestone for us as we continue to extend the base of our public CNG refueling stations along the important I-85 corridor in North and South Carolina."

The use of compressed natural gas as a transportation fuel has grown significantly in recent years and has many benefits and advantages for fleet owners and individual operators. CNG is environmentally friendly, reducing greenhouse gas emissions like CO₂ from vehicles by 15 percent to 20 percent and emitting virtually no nitrous oxide (NO) or sulphur dioxide (SO₂). In addition, CNG costs less than gasoline or diesel, results in fewer oil changes and less maintenance for vehicles, and helps reduce America's dependence on imported oil.

For more information about CNG for fleet or individual vehicles, please visit Piedmont Natural Gas' website at the following location:

http://www.piedmontng.com/yourbusiness/vehiclesandfueling/vehiclesandfueling.aspx

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/piedmont-natural-gas-and-spinx-announce-agreement-to-add-compressed-natural-gas-cng-refueling-facilities-at-anderson-south-carolina-store-300011157.html

SOURCE Piedmont Natural Gas