Piedmont Natural Gas

Last updated
Piedmont Natural Gas Co. Inc.
TypeSubsidiary of Duke Energy
Industrygas utilities
Founded1949
Headquarters Charlotte, North Carolina,
Website http://www.piedmontng.com

Piedmont Natural Gas Company, Inc. is a wholly owned subsidiary of Duke Energy. Piedmont is an energy services company whose principal business is the distribution of natural gas to over one million residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are their wholesale customers. [1] They are invested in joint venture, energy-related businesses, including regulated interstate natural gas transportation and storage and regulated intrastate natural gas transportation businesses. In 2013, the company was awarded as a Platinum-level Start! Fit-Friendly Company by the American Heart Association for the fifth consecutive year. The award is the highest level of recognition in AHA's Start! Program and it is bestowed to Piedmont for its high quality working environment and well-being for its staff. [2]

Contents

History

The company was incorporated in New York in 1950 and began operations in 1951. In 1994, it merged into a newly formed North Carolina corporation with the same name to move its business to North Carolina. [3]

The company was acquired by Duke Energy on October 3, 2016. [4] A Brief Overview of Piedmont Natural Gas

Founded in 1951 and headquartered in Charlotte, North Carolina, Piedmont Natural Gas has grown to become one of the largest natural gas distributors in the country. The company serves more than one million residential, commercial, and industrial customers in North Carolina, South Carolina, and Tennessee. As a subsidiary of Duke Energy, Piedmont Natural Gas benefits from the resources and expertise of a prominent energy holding company.


Commitment to Safety and Reliability

Piedmont Natural Gas places safety at the forefront of its operations. The company adheres to stringent safety standards and continuously invests in modernizing its infrastructure to ensure the safe and efficient delivery of natural gas to its customers. Rigorous inspections and maintenance programs are in place to monitor the integrity of pipelines and facilities, providing peace of mind to customers and communities alike.


Environmental Stewardship and Sustainability

With a growing focus on environmental sustainability, Piedmont Natural Gas is actively involved in reducing its carbon footprint and promoting eco-friendly practices. The company is committed to expanding its use of renewable natural gas (RNG), which is produced from organic waste sources like landfills, wastewater treatment plants, and agricultural residues. RNG is a sustainable and carbon-neutral energy source, aligning with Piedmont's goal of creating a greener future.


Additionally, Piedmont Natural Gas is dedicated to supporting and investing in renewable energy projects. By embracing clean energy initiatives and collaborating with partners in the renewable energy sector, the company aims to play a pivotal role in the transition to a low-carbon economy.


Community Engagement and Customer Focus

Piedmont Natural Gas takes pride in being an active and responsible corporate citizen. The company actively engages with local communities, supporting various charitable organizations, educational programs, and initiatives that contribute to community development and well-being. By fostering strong community relationships, Piedmont Natural Gas aims to create a positive impact beyond providing energy services.


Customer satisfaction is a top priority for Piedmont Natural Gas. The company strives to offer exceptional customer service, quick response times, and transparent communication. Through user-friendly online tools and mobile apps, customers can access their accounts, manage billing, and receive energy-saving tips to help them make informed decisions about their energy usage.


Innovating for the Future

As the energy landscape evolves, Piedmont Natural Gas remains at the forefront of innovation. The company continuously explores new technologies and solutions to improve energy efficiency, optimize operations, and advance sustainable practices. By investing in research and development, Piedmont Natural Gas aims to stay ahead of industry trends and provide cutting-edge energy solutions for its customers.


Partnering for a Sustainable Future

Piedmont Natural Gas recognizes that achieving a sustainable future requires collaboration and partnership with various stakeholders. The company actively collaborates with local governments, environmental organizations, and other industry players to advance sustainable practices and drive positive change. By working together, Piedmont Natural Gas aims to create a resilient and low-carbon energy future for generations to come.


Advancing Energy Efficiency

Energy efficiency is a key pillar of Piedmont Natural Gas's sustainability strategy. The company offers a range of energy efficiency programs and incentives to help customers reduce their energy consumption and lower their carbon footprint. These programs include energy audits, weatherization initiatives, and rebates for energy-efficient appliances and equipment. By empowering customers to use energy wisely, Piedmont Natural Gas contributes to overall energy conservation and environmental preservation.


Embracing Innovation in Natural Gas

Piedmont Natural Gas is committed to exploring innovative technologies that enhance the use of natural gas in an environmentally responsible manner. One such technology is the deployment of natural gas vehicles (NGVs) and compressed natural gas (CNG) refueling stations. NGVs emit lower levels of greenhouse gases compared to traditional gasoline vehicles, making them a cleaner transportation option. By expanding the availability of CNG refueling infrastructure, Piedmont Natural Gas supports the adoption of NGVs and contributes to reducing transportation emissions.


Investing in Renewable Energy

Recognizing the critical role of renewable energy in addressing climate change, Piedmont Natural Gas is actively investing in renewable energy projects and partnerships. The company collaborates with developers to support the growth of solar, wind, and other renewable energy sources. Through these investments, Piedmont Natural Gas is diversifying its energy portfolio and promoting the integration of clean energy into the grid.


Engaging Employees in Sustainability

Piedmont Natural Gas understands that sustainability is a collective effort that involves everyone within the organization. The company fosters a culture of sustainability among its employees by providing training and awareness programs. Employees are encouraged to bring forth innovative ideas and initiatives that promote sustainability and support the company's mission to be a responsible corporate citizen.


Related Research Articles

<span class="mw-page-title-main">Energy conservation</span> Reducing energy consumption

Energy conservation is the effort to reduce wasteful energy consumption by using fewer energy services. This can be done by using energy more effectively or changing one's behavior to use less service. Energy conservation can be achieved through efficient energy use, which has a number of advantages, including a reduction in greenhouse gas emissions and a smaller carbon footprint, as well as cost, water, and energy savings.

<span class="mw-page-title-main">Alternative fuel</span> Fuels from sources other than fossil fuels

Alternative fuels, also known as non-conventional and advanced fuels, are fuels derived from sources other than petroleum. Alternative fuels include gaseous fossil fuels like propane, natural gas, methane, and ammonia; biofuels like biodiesel, bioalcohol, and refuse-derived fuel; and other renewable fuels like hydrogen and electricity.

Compressed natural gas (CNG) is a fuel gas mainly composed of methane (CH4), compressed to less than 1% of the volume it occupies at standard atmospheric pressure. It is stored and distributed in hard containers at a pressure of 20–25 megapascals (2,900–3,600 psi), usually in cylindrical or spherical shapes.

<span class="mw-page-title-main">Natural gas vehicle</span> Vehicle powered by natural gas

A Natural Gas Vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with autogas vehicles powered by liquefied petroleum gas (LPG), mainly propane, a fuel with a fundamentally different composition.

<span class="mw-page-title-main">Business action on climate change</span> Range of activities by businesses relating to climate change

Business action on climate change includes a range of activities relating to climate change, and to influencing political decisions on climate change-related regulation, such as the Kyoto Protocol. Major multinationals have played and to some extent continue to play a significant role in the politics of climate change, especially in the United States, through lobbying of government and funding of climate change deniers. Business also plays a key role in the mitigation of climate change, through decisions to invest in researching and implementing new energy technologies and energy efficiency measures.

<span class="mw-page-title-main">Energy industry</span> Industries involved in the production and sale of energy

The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries.

<span class="mw-page-title-main">Energy in Taiwan</span>

Taiwan relies on imports for almost 98% of its energy in 2016, which leaves the island's energy supply vulnerable to external disruption. In order to reduce this dependence, the Ministry of Economic Affairs' Bureau of Energy has been actively promoting energy research at several universities since the 1990s.

Renewable natural gas (RNG), also known as biomethane or sustainable natural gas (SNG), is a biogas which has been upgraded to a quality similar to fossil natural gas and has a methane concentration of 90% or greater. By removing CO2 and other impurities from biogas, and increasing the concentration of methane to a level similar to fossil natural gas, it becomes possible to distribute RNG to customers via existing gas pipeline networks. RNG can be used in existing appliances, including vehicles with natural gas burning engines (natural gas vehicles). Renewable natural gas is a subset of synthetic natural gas or substitute natural gas (SNG).

<span class="mw-page-title-main">Clean technology</span> Any process, product, or service that reduces negative environmental impacts

Clean technology, in short cleantech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Clean technology includes a broad range of technology related to recycling, renewable energy, information technology, green transportation, electric motors, green chemistry, lighting, grey water, and more. Environmental finance is a method by which new clean technology projects can obtain financing through the generation of carbon credits. A project that is developed with concern for climate change mitigation is also known as a carbon project.

The Investor Network on Climate Risk (INCR) is a nonprofit organization of investors and financial institutions that promotes better understanding of the financial risks and investment opportunities posed by climate change. INCR is coordinated by Ceres, a coalition of investors and environmental groups working to advance sustainable prosperity.

FortisBC is a Canadian owned, British Columbia based regulated utility focused on providing safe and reliable energy, including natural gas, Renewable Natural Gas, electricity and propane. FortisBC has approximately 2,600 employees serving more than 1.2 million customers in 135 B.C. communities and 58 First Nations communities across 150 Traditional Territories.

<span class="mw-page-title-main">Greenhouse gas emissions by the United States</span> Climate changing gases from the North American country

The United States produced 5.2 billion metric tons of carbon dioxide equivalent greenhouse gas (GHG) emissions in 2020, the second largest in the world after greenhouse gas emissions by China and among the countries with the highest greenhouse gas emissions per person. In 2019 China is estimated to have emitted 27% of world GHG, followed by the United States with 11%, then India with 6.6%. In total the United States has emitted a quarter of world GHG, more than any other country. Annual emissions are over 15 tons per person and, amongst the top eight emitters, is the highest country by greenhouse gas emissions per person. However, the IEA estimates that the richest decile in the US emits over 55 tonnes of CO2 per capita each year. Because coal-fired power stations are gradually shutting down, in the 2010s emissions from electricity generation fell to second place behind transportation which is now the largest single source. In 2020, 27% of the GHG emissions of the United States were from transportation, 25% from electricity, 24% from industry, 13% from commercial and residential buildings and 11% from agriculture. In 2021, the electric power sector was the second largest source of U.S. greenhouse gas emissions, accounting for 25% of the U.S. total. These greenhouse gas emissions are contributing to climate change in the United States, as well as worldwide.

<span class="mw-page-title-main">Snam</span> Italian energy infrastructure company

Snam S.p.A. is an Italian energy infrastructure company. As of 31 December 2019, it had a market capitalization of €15.4 billion. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is CDP Reti, a holding company controlled by the Italian state. The utility operates in Italy and, through associated companies, in Albania (AGSCo), Austria, China, France (Terēga), Greece (DESFA), the UAE and the United Kingdom. It is one of the main shareholders of the Trans Adriatic Pipeline (TAP). Snam is the main Italian operator for the transport and dispatching of natural gas in Italy, having almost all the transport infrastructures in Italy, with 32,727 km of gas pipelines in operation in high and medium pressure and over 41,000 km including international activities. First in Europe for natural gas storage capacity, the company is also one of the main continental operators in regasification for a total pro quota capacity of approximately 8.5 billion cubic meters per year. Snam is one of Europe's main regulated gas companies - leading Italy in gas transport and storage, while ranking third in regasification. Snam also aims to invest in new energy transition businesses to reduce environmental impact and decarbonisation: sustainable mobility, energy efficiency, renewable gases such as biomethane and hydrogen. The company is listed on the FTSE MIB index of the Borsa Italiana since 6 December 2001.

<span class="mw-page-title-main">Republic Services</span> American waste disposal corporation

Republic Services is a North American waste disposal company whose services include non-hazardous solid waste collection, waste transfer, waste disposal, recycling, and energy services. It is the second largest provider of waste disposal in the United States after Waste Management Corporation.

New Energy for America was a plan led by Barack Obama and Joe Biden beginning in 2008 to invest in renewable energy sources, reduce reliance on foreign oil, address global warming issues, and create jobs for Americans. The main objective for the New Energy for America plan was to implement clean energy sources in the United States in order to switch from nonrenewable resources to renewable resources. The plan led by the Obama Administration aimed to implement short-term solutions to provide immediate relief from pain at the pump, and mid- to- long-term solutions to provide a New Energy for America plan. The goals of the clean energy plan hoped to: invest in renewable technologies that will boost domestic manufacturing and increase homegrown energy, invest in training for workers of clean technologies, strengthen the middle class, and help the economy.

<span class="mw-page-title-main">Energy policy of Malaysia</span>

The energy policy of Malaysia is determined by the Malaysian Government, which address issues of energy production, distribution, and consumption. The Department of Electricity and Gas Supply acts as the regulator while other players in the energy sector include energy supply and service companies, research and development institutions and consumers. Government-linked companies Petronas and Tenaga Nasional Berhad are major players in Malaysia's energy sector.

The California Sustainability Alliance is an organization funded by the California IOUs, to facilitate discussions between various industries on the issues of resource sustainability. The Alliance was set up in 2008 to help California meet its goals in facing Climate change in the State, in relation to energy, resources, and the environment. Efforts are directed at increasing and accelerating sustainable measures and strategies. The Alliance specifically focuses on energy efficiency, climate action, “smart growth” principles, renewable energy development, water-use efficiency, waste management, and transportation management within California.

<span class="mw-page-title-main">Sustainability at American colleges and universities</span>

"Sustainability," was defined as “development which implies meeting the needs of the present without compromising the ability of future generations to meet their own needs”as defined by the 1983 Brundtland Commission. As sustainability gains support and momentum worldwide, universities across the United States have expanded initiatives towards more sustainable campuses, commitments, academic offerings, and student engagement.

Sustainable refurbishment describes working on existing buildings to improve their environmental performance using sustainable methods and materials. A refurbishment or retrofit is defined as: “any work to a building over and above maintenance to change its capacity, function or performance’ in other words, any intervention to adjust, reuse, or upgrade a building to suit new conditions or requirements” [7]. Refurbishment can be done to a part of a building, an entire building, or a campus [5]. Sustainable refurbishment takes this a step further to modify the existing building to perform better in terms of its environmental impact and its occupants' environment.

References

  1. "Piedmont Natural Gas Company Annual Report For the Fiscal Year Ended October 31, 2016". SEC.gov. 2016-12-22. Retrieved 2017-01-17.
  2. "Piedmont Natural Gas Recognized as Platinum-Level American Heart Association Start! Fit-Friendly Company". Finance.yahoo.com. 2014-02-04. Retrieved 2014-02-24.
  3. "Piedmont Natural Gas Company Annual Report For the Fiscal Year Ended October 31, 2013". SEC.gov. 2013-12-23. Retrieved 2014-02-24.
  4. "Duke Energy Completes Acquisition of Piedmont Natural Gas". PRNewswire.com. Retrieved 2017-01-17.