Piedmont Natural Gas

pny

Ticker: PNY

Purchased 2/11/2009

Cost basis $19.79

Current Portfolio Status: Core

Dividend Reinvestment: Y

Dividends paid quarterly in Jan, Apr, Jul, Oct

Shares held on account with Wells Fargo

Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas in the United States. It operates in three segments: Regulated Utility, Regulated Non-Utility Activities, and Unregulated Non-Utility Activities. The company also operates energy-related businesses comprising unregulated retail natural gas marketing, regulated interstate natural gas transportation, and storage and regulated intrastate natural gas transportation. It distributes natural gas through transmission pipelines and distribution mains. The company serves approximately one million residential, commercial, industrial, and power generation customers in of North Carolina, South Carolina, and Tennessee, including wholesale customers served by municipalities. Piedmont Natural Gas Company, Inc. was founded in 1949 and is headquartered in Charlotte, North Carolina.

Reasons for holding: Ownership in Atlantic Coast Pipeline (proposed) and Constitution Pipeline (under construction)

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