Piedmont Natural Gas Co., Inc., founded in 1959 and headquartered in Charlotte, North Carolina, serves as a key distributor of natural gas. The company primarily provides natural gas distribution services, focusing on residential, commercial, and industrial customers across its multi-state service area.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Piedmont Natural Gas began issuing bonds in the early 1990s, with a noteworthy issuance in 2014 when it raised $250 million to finance infrastructure improvements. As of October 2023, its bonds generally yield between 3.5% and 4.5%, positioning them competitively within the utility sector. The company’s bonds are well-regarded for their investment-grade ratings, reflecting its stable cash flow from utility operations. Recent headlines include plans to refinance existing debt, aiming to improve cost efficiency further.