March 12, 2021
Hunton Andrews Kurth LLP advised Piedmont Natural Gas Company, Inc. (the “Company”) on an SEC-registered offering of $350 million aggregate principal amount of its 2.50% Senior Notes due March 15, 2031.
The Company, a North Carolina corporation and a direct, wholly-owned subsidiary of Duke Energy Corporation, is a regulated public utility primarily engaged in 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 who are wholesale customers. As of December 31, 2020, the Company’s asset portfolio included approximately 26,800 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, Brendan P. Harney and Flavia Vehbiu. Robert McNamara and Tim Strother provided tax advice.