Heavy Costs Clog Piedmont Natural Gas in First-Quarter 2015, Full-Year Capex Reduced to $585 Million
SUGAR LAND--March 10, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a solid jump in customer growth in its service area, natural gas services provider Piedmont Natural Gas Company (NYSE:PNY) (Charlotte, North Carolina), which primarily serves North Carolina, South Carolina and Tennessee, saw lower revenues and higher operating costs in the first quarter of its 2015 fiscal year, including higher contract labor and payroll expenses. As part of its growing Oil & Gas Pipelines Project Database, Industrial Info is tracking progress at Piedmont-owned facilities in or near six North Carolina cities, and the construction of a pipeline and compressor station in South Carolina.
Within this article: Details on Piedmont's quarter and projects, including a natural gas compressor station in South Carolina.
Other companies featured: Duke Energy (NYSE:DUK)
