Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Duke Energy : Piedmont Natural Gas purchases compressed natural gas fueling station in Greer, S.C.

07/23/2021 | 11:28am EDT
  • Facility is utility's 12th publicly accessible CNG fueling station; fourth in South Carolina.

  • Location offers convenient fueling option for CNG-powered vehicles traveling on Interstate 85.

CHARLOTTE, N.C. - Piedmont Natural Gas today announced its purchase of a compressed natural gas (CNG) fueling station in Greer, S.C., from St. Louis-based Spire CNG Inc. The facility is Piedmont's 12th CNG fueling station in the company's three-state service territory and its fourth in South Carolina.

Located at exit 60 off Interstate 85, near S.C. Highway 101, the station provides a convenient fueling stop for trucks, fleet vehicles and other vehicles that run on CNG. The station features six fast-fill fuel pumps, can accommodate Class 8 tractor-trailer trucks and is accessible 24/7.

'Compressed natural gas offers several advantages to traditional fuels, from fuel-cost savings to helping reduce vehicles' carbon footprints,' said Philip Grigsby, senior vice president of ventures and business development at Piedmont Natural Gas. 'This station is a great match for Piedmont's sustainability goals, and we're pleased to offer lower-cost, lower-emission CNG to more motorists driving along the I-85 corridor.'

Thanks to the domestic abundance of natural gas, the price of CNG remains below that of conventional vehicle fuels. With savings over conventional fuels such as gasoline and diesel, business fleets and the trucking industry have found CNG to be a cost-effective fueling solution. Almost 50% of Piedmont's own utility fleet consists of CNG-powered or CNG-capable vehicles.

CNG also is a more environmentally friendly choice; natural gas vehicles are 90% cleaner than the federal Environmental Protection Agency's current NOx standard. CNG emits up to 21% fewer greenhouse gas (GHG) emissions than comparable gasoline and diesel vehicles. Many state and local governments also offer incentives to encourage the adoption of natural gas vehicles.

To learn more about Piedmont's network of CNG fueling stations, natural gas vehicles and their benefits, visit piedmontng.com/vehiclesandfueling.

Piedmont Natural Gas

Piedmont Natural Gas, a subsidiary of Duke Energy, is an energy services company whose principal business is the distribution of natural gas to more than 1 million residential, commercial and industrial customers in North Carolina, South Carolina and Tennessee. The company also supplies natural gas to power plants. Piedmont is routinely recognized by J.D. Power for excellent customer satisfaction, and has been named by Cogent Reports as one of the most trusted utility brands in the U.S.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities - with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to operate or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune's 2021 'World's Most Admired Companies' list and Forbes' 'America's Best Employers' list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Jason Wheatley, Piedmont Natural Gas
Phone: 877.348.3612
Email: jason.wheatley@duke-energy.com


Duke Energy Corporation published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 15:27:02 UTC.

© Publicnow 2021
09:04aDUKE ENERGY : Morgan Stanley Adjusts Price Target on Duke Energy to $110 From $1..
09/15DUKE ENERGY : boosts local giving; awards $217,500 to 16 inventive educational i..
09/15Duke Energy Announces Notice of Redemption of All Junior Subordinated Debentu..
09/08DUKE ENERGY : connects Indiana customers to utility assistance; provides energy-..
09/08DUKE ENERGY : Receives $1.03 Billion for 11.05% Share Sale of Indiana Unit; Shar..
09/08GIC Acquires Minority Interest in Duke Energy Indiana
09/08DUKE ENERGY : GIC acquires 11.05% minority interest in Duke Energy Indiana for $..
09/08DUKE ENERGY RECEIVES $1.025 BLN FOR : Bloomberg
09/08DUKE ENERGY : and GIC close first phase of minority investment in Duke Energy : ..
09/08DUKE ENERGY CORP : Entry into a Material Definitive Agreement, Completion of Acq..
More news
Analyst Recommendations on DUKE ENERGY CORPORATION
More recommendations
Financials (USD)
Sales 2021 25 620 M - -
Net income 2021 3 936 M - -
Net Debt 2021 65 591 M - -
P/E ratio 2021 19,7x
Yield 2021 3,90%
Capitalization 78 019 M 78 019 M -
EV / Sales 2021 5,61x
EV / Sales 2022 5,56x
Nbr of Employees 27 535
Free-Float 95,0%
Duration : Period :
Duke Energy Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DUKE ENERGY CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 101,41 $
Average target price 107,81 $
Spread / Average Target 6,31%
EPS Revisions
Managers and Directors
Lynn J. Good Chairman, President & Chief Executive Officer
Steven K. Young Chief Financial Officer & Executive Vice President
Bonnie Titone Chief Information Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Melissa Feldmeier Chief Ethics & Compliance Officer, Vice President
Sector and Competitors
1st jan.Capi. (M$)
NEXTERA ENERGY8.88%164 788
ENEL S.P.A.-15.41%83 697
IBERDROLA, S.A.-19.91%68 074