Piedmont Nat Gas Reports Added $22.5M Investment in AGL Venture, Maintains 15% Stake in Venture

By: Benzinga
Piedmont Natural Gas (NYSE: PNY ) today announced an additional $22.5 million cash contribution to its existing investment in SouthStar Energy Services, a joint venture with AGL Resources (NYSE: GAS ). The additional investment, effective September 1, maintains Piedmont's 15 percent ownership level in SouthStar, which markets and sells unregulated retail natural
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