Frequently Asked Questions

How would you describe Piedmont Natural Gas (NYSE: PNY)?
How does PNY maintain its growth?
What has been PNY's total shareholder return to investors?
Does PNY pay dividends?
Does PNY offer a dividend reinvestment or direct investment program?
Which financial firms cover PNY?
When is the next Shareholders' Meeting?
When are PNY's annual report and proxy issued?
On which exchange is PNY listed?
Who is PNY's transfer agent?
How can I contact Shareholder services at PNY?
How can I contact Investor Relations at PNY?



How would you describe Piedmont Natural Gas (NYSE: PNY)?
Headquartered in Charlotte, NC, PNY is primarily a rapidly-growing, regulated natural gas distribution company. Incorporated in 1950, PNY is engaged in transporting, distributing and selling natural gas in parts of North Carolina, South Carolina and Tennessee.

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How does PNY maintain its growth?
PNY leverages the economic growth in its service areas and focuses on its core-utility and closely related joint-venture businesses through its strategic sales and marketing efforts. PNY pursues the new construction market and converts existing homes and businesses to environmentally friendly natural gas with energy efficient natural gas equipment. Natural gas is used in about 90% of the new homes constructed on PNY's distribution system.

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What has been PNY's total shareholder return to investors?
PNY's total shareholder return was 14.9% for the 5 year period October 31, 2003 to October 31, 2008.

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Does PNY pay dividends?
PNY has paid a dividend every year since 1956. The dividend has increased every year since 1978. Subject to Board of Directors approval, dividends are paid on or about the 15th day of January, April, July and October.

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Does PNY offer a dividend reinvestment or direct investment program?
Yes -- PNY's Dividend Reinvestment and Stock Purchase Plan allows dividend reinvesting at a 5% discount and direct purchase of Common Stock with no fees. Call the Plan Administrator, American Stock Transfer & Trust, at 1-800-937-5449 for information.

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Which financial firms cover PNY?
The firms listed below follow PNY. Firms may add or delete PNY coverage so the list is subject to change.

The analysts' opinions, estimates, forecasts or predictions about PNY's performance are theirs alone. By listing these firms, PNY does not imply concurrence with or endorsement of such information, recommendations or conclusions.

Banc of America Securities/Merrill Lynch
Barclays Capital
Brean Murray, Caret & Company
Edward Jones
Hilliard Lyons
Robert W. Baird and Company
Sidoti & Company

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When is the next Shareholders' Meeting?
The Annual Meeting of Shareholders is scheduled for February 26th, 2010.

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When are PNY's annual report and proxy issued?
PNY's fiscal year ends October 31, and the annual report and proxy are usually received by shareholders around the last week of January.

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On which exchange is PNY listed?
New York Stock Exchange (NYSE)
Ticker Symbol: PNY
Common Newspaper Listings: PiedmontNG or PiedNG
CUSIP Number: 720186105

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Who is PNY's transfer agent?
American Stock Transfer & Trust Company
59 Maiden Lane
New York, NY 10038
800-937-5449

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How can I contact Shareholder services at PNY?
Wanda O'Neil
Shareholder Services
E-mail: wanda.oneil@piedmontng.com

Jane Lewis-Raymond
Corporate Secretary
E-mail: jane.lewis-raymond@piedmontng.com

Piedmont Natural Gas Company, Inc.
P.O. Box 33068
Charlotte, NC 28233
Telephone: 704-731-4203
Fax: 704-365-8515

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How can I contact Investor Relations at PNY?
Nick Giaimo
Investor Relations
P.O. Box 33068
Charlotte, NC 28233
E-mail: nicholas.giaimo@piedmontng.com

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