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Piedmont Natural Gas Feels the Heat in First-Quarter 2012 as Warm Weather Dries Up Profits, an Industrial Info News Alert

SUGAR LAND, TX — (Marketwire) — 03/13/12 — Researched by Industrial Info Resources (Sugar Land, Texas) — Leading provider (NYSE:PNY) (Charlotte, North Carolina), which primarily serves North Carolina, South Carolina and Tennessee, saw setbacks in the first quarter of its fiscal year 2012 as a strong growth in customers and demand failed to offset the impact of much warmer-than-expected weather, which resulted in lower volume deliveries. Net income for the quarter was reported to be $76.23 million, a 9.73% decrease from first-quarter 2011.

As part of our , Industrial Info is tracking more than $300 million in active Piedmont projects in North Carolina.

Other companies featured: (NYSE:GAS)

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