May 21, 2020
Hunton Andrews Kurth LLP advised Piedmont Natural Gas Company, Inc. (“Piedmont”) on an SEC-registered offering of $400 million aggregate principal amount of 3.35% Senior Notes due 2050.
Piedmont, an indirect wholly owned subsidiary of Duke Energy Corporation, is an energy services company whose principal business is the distribution of natural gas to over 1 million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are Piedmont’s wholesale customers. As of December 31, 2019, Piedmont’s asset portfolio included approximately 26,400 miles of natural gas distribution and transmission pipelines and 20,900 miles of natural gas service lines.
The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon and Shelby Stanton. Robert McNamara and Tim Strother provided tax advice.