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Replies to post #5 on Piedmont Natural Gas Co. Inc (PNY)
OilStockReport
04/26/11 3:51 PM
#7 RE: frenchee #5
The main question now becomes, where does natural gas fit in our nation's energy equation? Or does it fit at all? Researchers at MIT released a report last June suggesting natural gas as a logical replacement for coal-fired power plants. Utility companies are realizing this as well. The Energy Information Administration projects that natural-gas-fired plants will account for 82% of new capacity in 2013, up from 42% in 2009. If such a shift occurs, natural gas utility companies such as Piedmont Natural Gas (NYSE: PNY ) should benefit. Piedmont offers a nice dividend to boot.