UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of Earliest Event Reported): | | January 16, 2008 |
Piedmont Natural Gas Company, Inc.
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(Exact name of registrant as specified in its charter)
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| North Carolina | 1-6196 | 56-0556998 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 4720 Piedmont Row Drive, Charlotte, North Carolina | | 28210 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 704-364-3120 |
Not Applicable
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Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On January 16, 2008, the registrant increased the aggregate commitments under the Credit Agreement dated as of April 25, 2006, between the registrant and Bank of America, N.A., as administrative agent, from $350 million to $450 million. Under the Credit Agreement, the registrant may borrow, on a revolving and unsecured basis, up to the amount of the aggregate commitments. This amount includes up to $5 million available in letters of credit. The registrant has the right to request an increase in the aggregate commitments up to a total of $600 million. The borrowings under the Credit Agreement mature on April 25, 2011; the registrant has the right to request one-year extensions of the maturity date. The borrowings may be used for general working capital needs and other lawful corporate purposes. The Credit Agreement contains usual and customary covenants.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | Piedmont Natural Gas Company, Inc. |
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| January 23, 2008 | | By: | | Jose M. Simon
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| | | | | Name: Jose M. Simon |
| | | | | Title: Vice President and Controller |
