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Piedmont Natural Gas Becomes First Founding Partner

PNG Becomes First Founding Partner for Knights' Proposed Uptown Ballpark
By
April 30, 2012

CHARLOTTE, N.C. (April 30, 2012) - Piedmont Natural Gas (NYSE: PNY) and the Charlotte Knights have signed a long-term agreement for Piedmont to become the first founding partner of the Triple-A baseball club's proposed new stadium in uptown Charlotte.

"We believe this agreement provides a unique opportunity for Piedmont Natural Gas to make a positive and lasting impact on the city of Charlotte," said Thomas E. Skains, chairman, president and chief executive officer of Piedmont Natural Gas. "A new ballpark in uptown Charlotte will create new jobs, fuel additional business activity and add a great family-friendly option to Center City's entertainment mix."

"We understand important decisions still need to be made, but Piedmont looks forward to supporting what we believe will be an economic development home run for Charlotte and the region," Skains said.

"We are extremely proud to announce Piedmont Natural Gas as our first founding partner for the Knights' proposed uptown stadium," said Don Beaver, managing partner for the Charlotte Knights. "This agreement and our previously announced naming-rights agreement with BB&T clearly show how much the community wants Knights baseball in uptown Charlotte, and we look forward to sharing news of additional partnerships soon."

Under the sponsorship agreement, Piedmont will receive a package of signage and other promotional opportunities, starting with the Knights' inaugural season in the new stadium, scheduled to open in April 2014.

About Piedmont Natural Gas
Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial and industrial utility customers in North Carolina, South Carolina and Tennessee, including 53,000 customers served by municipalities who are wholesale customers. Our subsidiaries are invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, interstate natural gas storage and intrastate natural gas transportation. More information about Piedmont Natural Gas is available at http://www.piedmontng.com.