This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Piedmont Natural Gas Forecasts Slightly Higher Monthly Natural Gas Bills For Upcoming Winter Period

Stocks in this article: PNY

CHARLOTTE, N.C., Oct. 25, 2013 /PRNewswire/ -- Piedmont Natural Gas (NYSE: PNY) released its annual winter forecast today for residential customers in North Carolina, South Carolina, and Tennessee.  The Company is projecting that the wholesale cost of natural gas will be modestly higher this winter and that monthly natural gas bills will on average be $5 to $7 higher per month for Piedmont's typical residential customer over the five month November through March winter period.

In 2012, the wholesale cost of natural gas fell to its lowest point in nearly 10 years following the 2011-2012 winter period that was significantly warmer than normal. The wholesale cost of natural gas has increased since then as demand for the affordable and clean-burning energy source has increased.  Piedmont's forecast assumes that weather, the primary driver of a customer's actual usage, will be normal this winter.

Natural Gas Costs Remain Significantly Lower Than 2008

Even with the projection of modestly higher wholesale natural gas costs, the Company said that the estimated cost of natural gas service for the average residential customer this winter will remain 20 to 25 percent lower than the winter of 2008-2009, saving the typical residential customer $150 to $160 in energy costs.

Company Website a Resource for Energy Saving Tips for Customers

For customers who want to learn more about energy savings tips, Piedmont maintains a separate section on its website devoted to educating customers about their home's energy usage.  Visiting, says Ranelle Warfield, Piedmont's Vice President of Customer Service, could help customers better manage the natural gas they use this winter along with their monthly energy bills.  "There are many steps that customers can take to control their energy consumption," she said.  "Some, like turning your thermostat down several degrees saves energy, costs nothing, and is easy to do.  Others, like making sure windows and doors are properly sealed only cost a few dollars.  Still other steps, like investing in a programmable thermostat or purchasing higher efficiency natural gas equipment and appliances may cost a bit more upfront but will save the customer both energy and money over the life of the equipment."

The Company's website also provides consumers with several energy calculator tools. Commenting further, Warfield said, "The energy calculator tools on our website are a great way for customers to see what energy their home actually uses and how they can potentially reduce their consumption and better manage their monthly bills.  These tools also give customers an idea of their home's carbon footprint, something we all have an interest in reducing."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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