Piedmont Natural Gas Company, Inc.’s $600 Million Senior Notes Offering

Hunton Andrews Kurth LLP advised Piedmont Natural Gas Company, Inc. (the “Company”) on an SEC-registered offering of $600 million aggregate principal amount of 3.50% Senior Notes due 2029. The offering was the Company’s inaugural securities offering since the consummation of the merger with Duke Energy Corporation, the Company’s parent company, in October, 2016.

The Company, 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 the Company’s sales for resale customers. As of December 31, 2018, the Company’s asset portfolio included approximately 26,100 miles of natural gas distribution and transmission pipelines and 20,700 miles of natural gas service lines.

The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon and Brendan P. Harney. Robert McNamara provided tax advice.