Piedmont Natural Gas touts sustainability

2011-6-7

Piedmont Natural Gas, the Charlotte-based utility that serves most of the Triad, is touting its green credentials with the release of its 2011 "Sustainability Report."

The 24-page report outlines the company's strategic goal of "good stewardship" of natural resources as a means for building value for stakeholders.

PNG says it intends to grow its fleet of natural-gas-powered vehicles from 30 to 100 by the end of this year and 250 by 2013, and is increasing automated meter reading to reduce vehicle miles. The company has also invested in alternative energy firm Climax Global Energy, which diverts plastics bound for landfills and converts them to synthetic oil for other uses.

The report makes no mention of the practice of hydraulic fracturing of "fracking," which Piedmont Natural Gas has been actively supporting in the state legislature. Fracking is a method of extracting oil shale from underground by pumping water, sand and chemicals into the rocks.

Supporters of the practice say it can be done safely and could provide a new source of cleaner domestic energy, but critics say it pollutes nearby ground water supplies and causes other environmental damage.

Reach Matt Evans at (336) 370-2916 or mlevans@bizjournals.com. Follow Matt on Twitter at @TBJMatt.
 

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