System throughput for 2007 totaled 206 million dekatherms, compared with 198.7 million dekatherms in the previous year. The increase was primarily due to greater transportation deliveries to power generation customers and overall customer growth.
The company reported a loss of $8.3 million, or $0.11 per diluted share in fourth quarter of 2007, compared to a loss of $6.2 million, or $0.08 per diluted share in the same period of 2006.
Thomas Skains, chairman, president and CEO of Piedmont Natural Gas, said: Our non-utility joint venture investments, with a strong performance from SouthStar Energy and Hardy Storage going into service in 2007, made positive contributions to our earnings growth. We have made significant progress in all aspects of our business and our customers and shareholders are seeing the benefits.
