Piedmont Natural Gas Company, Inc. Establishment of At-the-Market Program (with a Forward Component) to Sell Up to $170,000,000 of Common Stock

Hunton & Williams LLP advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as the sales agents in connection with Piedmont Natural Gas Company, Inc.’s establishment of its at-the-market program to sell up to $170,000,000 in the aggregate of its common stock from time-to-time through either the sales agents or forward purchasers, who will, at the Company’s request, borrow from third parties.

The Company, which began operations in 1951, 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 served by municipalities. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, regulated interstate natural gas transportation and storage, and regulated intrastate natural gas transportation.

The Hunton & Williams LLP team included Peter O’Brien and Christina Kwon.