Duke, Piedmont pursue second natural gas pipeline for North Carolina

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

Duke Energy (DUK) and Piedmont Natural Gas (PNY) jointly issue a solicitation for proposals to build and operate a second major wholesale natural gas pipeline in North Carolina to meet growing demand in the Carolinas.

DUK and PNY seek an initial natural gas pipeline capacity of as much as 900M cf/day, with a target in-service date of late 2018; the companies expect to select a proposal by late 2014.