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Piedmont Natural Gas Company, Inc. is a wholly owned subsidiary of Duke Energy. Piedmont is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers ...
El Paso Natural Gas. Patara Oil & Gas. SourceGas Distribution, LLC. Transwestern Pipeline. Xcel Energy. Murex Petroleum. Black Hills Energy. Connecticut –. City of Norwich Department of Public Utilities.
Piedmont uses mercaptan, also is known as methanethiol, to give natural gas “a distinctive smell of rotten eggs,” the utility said. Natural gas has no smell. Natural gas has no smell.
In 2016, Duke Energy purchased Piedmont Natural Gas for $4.9 billion to become its wholly owned subsidiary. Duke Energy completed selling its remaining power operations in Central and South America for $1.2 billion months afterwards. At one point Duke Energy had more than 4,300 megawatts of electric generation in Latin America.
Last quarter, Piedmont Natural Gas recorded revenue of $308.4 million. GAAP reported sales were 21% lower than the prior-year quarter's $392.6 million. Source: S&P Capital IQ. Quarterly periods.
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