Piedmont Natural Gas Releases 2013 Sustainability Report

Second biennial report outlines goals, results of environmental, social and financial stewardship efforts

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Jun 12, 2013, 09:28 ET

CHARLOTTE, N.C., June 12, 2013 /PRNewswire/ -- Piedmont Natural Gas (NYSE: PNY) today released its 2013 Sustainability Report, providing a comprehensive look at the company's efforts to incorporate principles of sustainability into its business activities. Piedmont defines sustainable business practices in environmental, social and economic terms and published its first sustainability report in 2011.

"Sustainability is about being a prudent and responsible steward of all of the resources that have been entrusted to us, and achieving results that make a difference for our customers, communities, employees and investors," said Thomas E. Skains, Chairman, President and CEO of Piedmont Natural Gas. "This is an exciting time to talk about sustainability because the abundance of natural gas at affordable prices has made it possible for us to expand the use of this safe, clean, reliable energy source for the benefit of our customers, our environment and the economy."

The highlights in this year's Sustainability report include details on customer conversions to natural gas from less efficient, less environmentally friendly energy forms – several power generation plants, 87 manufacturing businesses and nearly 3,800 residential customers; programs reducing the Company's carbon footprint, including the continual addition of natural gas vehicles to the Company's fleet, and implementing a green purchasing program; and employee wellness programs.

The 2013 Sustainability Report also details Piedmont's progress toward its sustainability goals by developing strong communities through support of education and local charitable and nonprofit organizations in each of its markets; making significant investments in pipeline integrity to ensure the safe and reliable delivery of natural gas to Piedmont's customers; and creating long-term value for shareholders by adding more than 13,000 new customers, investing in new ventures and executing the largest capital expenditure program in the company's history to support core customer growth and serve new natural gas-fired power-generation facilities.

The report is available to the public at www.piedmontng.com/sustainability.

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. 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 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