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  <TITLE> Piedmont Natural Gas Company, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	September 1, 2006
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  	Piedmont Natural Gas Company, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	North Carolina
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  	1-6196
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  	56-0556998
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	4720 Piedmont Row Drive, Charlotte, North Carolina
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  	28210
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	704-364-3120
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On September 1, 2006, the Board of Directors of the registrant approved the grant under the registrant&#x2019;s Incentive Compensation Plan to Thomas E. Skains, the registrant&#x2019;s Chairman, President and Chief Executive Officer, of 65,000 restricted shares of the registrant&#x2019;s Common Stock with a value at grant of approximately $1,650,000, based on the average closing price of the registrant&#x2019;s stock during the period July 1-30, 2006.  The restricted shares shall vest and be payable to Mr. Skains on the following schedule:  an initial 20% on September 1, 2009, an additional 30% on September 1, 2010, and the remaining 50% on September 1, 2011, provided that each tranche shall vest and be payable only if Mr. Skains is an employee of the registrant on the vesting date for such tranche.  During the vesting period, any dividends paid on these shares will be accrued and converted into additional shares (at the registrant&#x2019;s closing stock price on the date of dividend payment), and these additional shares will vest according to the aforementioned vesting schedule.
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  	SIGNATURES
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  	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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  <I>
  	September 6, 2006
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  	By:
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  <I>
  	/s/ Jane R. Lewis-Raymond
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  <I>
  	Name: Jane R. Lewis-Raymond
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  <I>
  	Title: Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_14824.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9437}]
metadata_filer: {"company-data": {"conformed-name": "PIEDMONT NATURAL GAS CO INC", "cik": "0000078460", "assigned-sic": "4924", "irs-number": "560556998", "state-of-incorporation": "NC", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06196", "film-number": "061077042"}, "business-address": {"street1": "1915 REXFORD RD", "city": "CHARLOTTE", "state": "NC", "zip": "28211", "phone": "7043643120"}, "mail-address": {"street1": "P.O. BOX 33068", "city": "CHARLOTTE", "state": "NC", "zip": "28233"}}
text: Piedmont Natural Gas Company, Inc. (Form: 8-K)
  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
  Date of Report (Date of Earliest Event Reported):
  September 1, 2006
  Piedmont Natural Gas Company, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  North Carolina
  1-6196
  56-0556998
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  4720 Piedmont Row Drive, Charlotte, North Carolina
  28210
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  704-364-3120
  Not Applicable
  ______________________________________________
  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))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On September 1, 2006, the Board of Directors of the registrant approved the grant under the registrant's Incentive Compensation Plan to Thomas E. Skains, the registrant's Chairman, President and Chief Executive Officer, of 65,000 restricted shares of the registrant's Common Stock with a value at grant of approximately $1,650,000, based on the average closing price of the registrant's stock during the period July 1-30, 2006.  The restricted shares shall vest and be payable to Mr. Skains on the following schedule:  an initial 20% on September 1, 2009, an additional 30% on September 1, 2010, and the remaining 50% on September 1, 2011, provided that each tranche shall vest and be payable only if Mr. Skains is an employee of the registrant on the vesting date for such tranche.  During the vesting period, any dividends paid on these shares will be accrued and converted into additional shares (at the registrant's closing stock price on the date of dividend payment), and these additional shares will vest according to the aforementioned vesting schedule.
  Top of the Form
  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.
  Piedmont Natural Gas Company, Inc.
  September 6, 2006
  By:
  /s/ Jane R. Lewis-Raymond
  Name: Jane R. Lewis-Raymond
  Title: Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer