Piedmont Natural Gas Co. Inc. (PNY) announced that it completed the sale of one-half of its 30% ownership interest in SouthStar Energy Services to AGL Resources Inc. (AGL) effective January 1.
Piedmont sold one-half of its ownership interest for $57.5 million and retains a 15% ownership and earnings interest in SouthStar.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.