This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Piedmont Natural Gas Partners With Industry Group To Provide Natural Gas Shuttle Buses For Democratic National Convention

CHARLOTTE, N.C., Sept. 3, 2012 /PRNewswire/ -- Delegates, media and other visitors in Charlotte this week for the 2012 Democratic National Convention will get around town on shuttle buses fueled by clean, affordable, American natural gas, thanks to a partnership between Piedmont Natural Gas (NYSE: PNY) and America's Natural Gas Alliance (ANGA).

Piedmont Natural Gas, which serves more than 1 million customers in North Carolina, South Carolina and Tennessee, will provide the compressed natural gas (CNG) to fuel 12 buses that will be used to provide transportation to convention-goers for the Sept. 4-6 event.

"Piedmont Natural Gas is pleased to partner with ANGA to showcase the benefits of natural gas vehicles, including substantial cost savings over other transportation fuels and significant environmental benefits," said Jane Lewis-Raymond, senior vice president of Piedmont Natural Gas. "As part of our broader commitment to sustainability, Piedmont is diligently working to promote the use of natural gas vehicles throughout our service territory. We are collaborating with both private- and public sector fleet operators, expanding the number of refueling stations available to natural gas vehicles and converting our own fleet of service vehicles to natural gas."

With the discovery of vast supplies of American natural gas from shale deposits driving down the wholesale price of natural gas, a CNG-fueled shuttle bus like the ones being used in Charlotte this week can be operated at a cost savings of $1.69 per diesel gallon equivalent. That's how much less it would cost for a natural gas bus to travel the same distance a conventional bus could travel on one gallon of diesel fuel.

"Residential, commercial and industrial customers are also reaping great benefits from these new supplies by converting to natural gas for heating, hot water, power generation and other needs, " Lewis-Raymond said. "In the process, natural gas is creating American jobs and increasing U.S. energy security, which is great news for everyone."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs