Piedmont Natural Gas Receives Ethics in Business Award

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CHARLOTTE, N.C., April 27 /-/ -- At its annual Ethics in Business Award Ceremonies on April 26, 2007, the Charlotte Chapter of the Society of Financial Service Professionals awarded Piedmont Natural Gas (NYSE: PNY) with its 2007 Ethics in Business Award in the large business category. Past recipients of this award include General Dynamics Armament & Technical Products, National Gypsum, Duke Energy and Belk, Inc.

    "We are extremely honored to have been selected to receive this award. We are proud of the relationships and reputation that we have built over the years with our customers, suppliers, business partners, regulators and the communities where we live and serve," said Piedmont Chairman, President and CEO Thomas E. Skains. "As a business, our mission is to continue in our role as a leader in the natural gas industry, and to do so with honesty and integrity. We are very mindful of the trust that our shareholders and the investing public have placed in us. Our reputation, earned from actions and behaviors grounded in our core values and based on making the right decisions is very important to us and we are committed to making the right decisions in the future."

    During the awards ceremony, at which Attorney General Roy Cooper delivered the keynote address, Charlotte Mayor Pat McCrory proclaimed April 26 as Charlotte Ethics in Business Day.

    Businesses nominated for the Ethics and Business Award complete an extensive application process providing detailed documentation and support. Entries are then evaluated by an independent panel of judges composed of individuals with an expertise in business ethics and are drawn from the business, academic, public, media and consulting communities. Nominees are judged in nine areas including clear demonstration of the company's executive commitment to ethics as demonstrated by speeches and other correspondence and clear communication of the company's ethical standards, corporate culture in company publications, employee handbooks and a narrative description of business ethics in action as demonstrated by the company's response to a specific challenge affecting its operations.

    The mission of the Charlotte Ethics in Business Award is to recognize area businesses that have exemplified and promoted ethical conduct for the benefit of the workplace, the marketplace, the environment and the community. The Charlotte award is sponsored in partnership with Community Partners Duke Energy, Better Business Bureau, ClickCom.com, Fairway Forms & Supply, Inc., General Dynamics Armament & Technical Products, WBTV and WBT Radio; and Educational Partners Belk College Business at UNC Charlotte, Johnson C. Smith University and Queens University of Charlotte.

    Since its inception in 1928, the Society of Financial Service Professionals has championed the cause of high business ethics, professionalism and advanced continuing education. The Society has more than 200 chapters nationwide with 17,500 members.

    About Piedmont Natural Gas

    Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to over 1 million residential, commercial and industrial utility customers in North Carolina, South Carolina and Tennessee, including 62,000 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 on the Internet at http://www.piedmontng.com.
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