Piedmont Natural Gas Co Inc.NYSE
Fri, Sep. 30, 7:17 PM
- Dave & Buster's Entertainment (PLAY +3.5%) is up another 3.4% after hours following news that it's joining the S&P SmallCap 600.
- The move is effective after the close of trading Monday.
- Dave & Buster's is replacing Piedmont Natural Gas (NYSE:PNY), which is being acquired by Duke Energy on a deal expected to be completed then.
Wed, Sep. 21, 12:23 PM
- The Atlantic Coast Pipeline joint venture says it signed a contract with Spring Ridge Constructors - comprised of Quanta Services (NYSE:PWR), Primoris Services (NASDAQ:PRIM) and others - as the lead construction contractor for the proposed $4.5B-$5B natural gas pipeline project.
- Atlantic Coast Pipeline expects to receive a FERC certificate in late summer or fall 2017, with construction beginning shortly thereafter, and anticipates completing construction and bringing the pipeline into service in late 2019.
- The pipeline is composed of Dominion (NYSE:D), Duke Energy (NYSE:DUK), Piedmont Natural Gas (NYSE:PNY) and Southern Co. (NYSE:SO)
Wed, Sep. 7, 4:17 PM
Wed, Sep. 7, 11:45 AM
Mon, Aug. 8, 12:19 PM
- Williams Partners (WPZ +1.4%) and its co-developers in the $925M Constitution natural gas pipeline are favored to prevail in at least one of two legal challenges to New York’s opposition to the project, Bloomberg reports.
- The developers argue that the project should go forward and that requiring other state permits as a condition precedent to construction is an overreach.
- The FERC last month approved the 124-mile pipeline from the Marcellus shale region in Pennsylvania to markets in New England and New York, and granted the developers a two-year extension to December 2018.
- Other partners in the Constitution pipeline include Cabot Oil & Gas (COG +3.3%), Piedmont Natural Gas (PNY +0.1%) and WGL Holdings (WGL -0.8%).
Fri, Jul. 22, 11:54 PM
- The partners behind the proposed Constitution Pipeline earlier today asked the FERC for a 24-month extension until December 2018 to construct its 124-mile interstate pipeline from Susquehanna County, Pa., to Schoharie County, N.Y.
- FERC's initial approval had required completion of the extension by December 2016, but the project has been delayed because New York state regulators refused to grant a needed water quality certification in April.
- Williams Partners (NYSE:WPZ), Cabot Oil & Gas (NYSE:COG) and Piedmont Natural Gas (NYSE:PNY) are the partners behind the proposed $925M gas pipeline.
Wed, Jun. 8, 8:30 AM
- Piedmont Natural Gas (NYSE:PNY): FQ2 EPS of $0.79 misses by $0.06.
- Revenue of $350.19M (-17.6% Y/Y) misses by $69.65M.
Tue, Jun. 7, 11:03 AM
- Piedmont Natural Gas (NYSE:PNY) declares $0.34/share quarterly dividend, in line with previous.
- Forward yield 2.26%
- Payable July 15; for shareholders of record June 24; ex-div June 22.
Tue, May 17, 8:57 AM
- The companies behind the proposed Constitution natural gas pipeline filed an appeal late yesterday arguing that the April decision by the state of New York to deny the project a key environmental permit was “arbitrary and capricious."
- The companies say they also filed a separate action seeking a declaration that New York’s authority to exercise permitting jurisdiction over certain other environmental matters is pre-empted by federal law.
- Williams Partners (NYSE:WPZ), Cabot Oil & Gas (NYSE:COG) and Piedmont Natural Gas (NYSE:PNY) are the stakeholders in the proposed $925M gas pipeline, which was denied a water quality permit by the New York Department of Environmental Conservation after failing to meet state standards.
Mon, Apr. 25, 5:35 PM
- Developers of the 124-mile Constitution Pipeline say they will challenge New York’s rejection of a critical water quality permit.
- The backers of the pipeline - Cabot Oil & Gas (NYSE:COG), Williams Partners (NYSE:WPZ) and Piedmont Natural Gas (NYSE:PNY) say the decision was politically motivated and that the state's denial letter contained “flagrant misstatements and inaccurate allegations."
- The pipeline had received approval from the FERC in 2014, but the state regulator said it would have crossed 250 streams in New York and had a significant impact on unique ecosystems.
- The group can appeal the state decision to the U.S. Circuit Court of Appeals.
Fri, Apr. 22, 6:57 PM
- New York environmental regulators reject a critical permit needed to build the Constitution Pipeline, saying the project fails to meet standards that protect streams, wetlands and other water resources in its path.
- The FERC approved the natural gas pipeline in 2014 contingent on the state permit, which is required by the federal Clean Water Act; the project had all necessary permits for a segment in Pennsylvania and already cleared trees there in preparation for construction.
- Constitution Pipeline Company, a partnership formed by Cabot Oil & Gas (NYSE:COG), Williams Partners (NYSE:WPZ) and Piedmont Natural Gas (NYSE:PNY), can appeal the state decision.
- Now read Kinder Morgan pipeline shelved but Constitution Pipeline still set to go
Thu, Apr. 21, 5:57 PM
- Even as Kinder Morgan (NYSE:KMI) drops its plans for a natural gas pipeline from New York into New England, another project following a similar route continues to move ahead.
- The partnership consisting of Cabot Oil & Gas (NYSE:COG), Williams Partners (NYSE:WPZ) and Piedmont Natural Gas (NYSE:PNY) now planning the 124-mile Constitution Pipeline from Pennsylvania's Marcellus Shale to eastern New York says its project is supported by firm customer commitments; KMI cited a lack of contracts with gas distribution companies as one reason it was quitting its Northeast Energy Direct project, which was still under review by FERC.
- Construction of the Constitution Pipeline is scheduled to begin this fall and go online in H2 2017; the project was scheduled to begin this summer but has been delayed pending action on a water quality permit that has been before the Department of Environmental Conservation for nearly a year.
Fri, Mar. 11, 5:45 PM
- Williams Partners' (NYSE:WPZ) says it is delaying the in-service date for its $925M Constitution natural gas pipeline to H2 2017 from Q4 2016 as it awaits environmental permits in New York.
- The 124-mile, 650K dkm/day pipeline will bring gas from the Marcellus shale in Pennsylvania to New England and New York, but the project has triggered opposition from landowners, public officials and environmental groups.
- WPZ, the largest stakeholder at 41%, is developing the pipeline with Cabot Oil & Gas (NYSE:COG), Piedmont Natural Gas (NYSE:PNY) and WGL Holdings (NYSE:WGL).
- Separately, WPZ reaches an agreement to provide deepwater gas gathering services for Royal Dutch Shell (RDS.A, RDS.B) and Nexen's (NYSE:CEO) Appomattox development offshore Louisiana.
Wed, Mar. 9, 4:40 PM
- Piedmont Natural Gas (NYSE:PNY): FQ1 EPS of $1.29 beats by $0.05.
- Revenue of $461.33M (-24.0% Y/Y)
Mon, Feb. 29, 4:34 PM| Mon, Feb. 29, 4:34 PM | 13 Comments
Thu, Feb. 18, 11:59 AM
- AGL Resources (GAS -0.5%) agrees to acquire Piedmont Natural Gas' (PNY +0.1%) entire ownership interest in SouthStar Energy Services for $160M, subject to PNY’s own sale to Duke Energy later this year.
- AGL's Georgia Natural Gas subsidiary gave notice to PNY in December that it would purchase the final 15% of SouthStar, a multi-state gas transportation company, gaining the right to purchase the stake in the joint venture because of the pending sale to DUK; but the two companies had not settled on a price at the time of the announcement.
- AGL also is soon to be bought, as Southern Co. announced in August it planned to buy AGL for $8B, plus the assumption of $4B in debt.