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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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  	March 30, 2007
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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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  [&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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  <B>
  	Item 8.01 Other Events.
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  On March 30, 2007, Piedmont Natural Gas Company, Inc. (the Company), entered into an accelerated share repurchase agreement with Citibank, N.A. (Citibank), for the repurchase of 850,000 shares of its outstanding common stock at an initial price of $26.38 per share. The Company will fund this transaction with internally generated cash and short-term borrowings. Citibank and certain of its affiliates have engaged, and may in the future engage, in transactions with and perform services for the Company in the ordinary course of business. <br><br>Under the terms of the accelerated share repurchase agreement, the Company repurchased 850,000 shares of its outstanding common stock from Citibank; settlement occured on or about April 2, 2007. Citibank will purchase an equivalent amount of shares in the open market during a period of approximately two and one-half months from that date (the Pricing Period). The Company may receive from, or be required to pay, Citibank a price adjustment based upon the actual cost of the shares purchased by Citibank once such purchases are completed. Such price adjustment can be settled, at the Company&#x2019;s option, in cash or in shares of its common stock. <br><br>In the event of a default by the Company or Citibank under the accelerated share repurchase agreement, the non-defaulting party may terminate or accelerate the transaction, and may be entitled to unreimbursed net losses and costs. <br><br>During the Pricing Period, the Company will not purchase any shares of common stock under its current Common Stock Open Market Purchase Program, or enter into any accelerated share repurchase program or any derivative share repurchase transaction or other similar transaction.  <br><br>
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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>
  	April 12, 2007
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  	By:
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  <I>
  	Jose M. Simon
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  	Name: Jose M. Simon
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  	Title: Vice President and Controller
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_19521.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9967}]
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": "07763971"}, "business-address": {"street1": "4720 PIEDMONT ROW DR", "city": "CHARLOTTE", "state": "NC", "zip": "28210", "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):
  March 30, 2007
  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 8.01 Other Events.
  On March 30, 2007, Piedmont Natural Gas Company, Inc. (the Company), entered into an accelerated share repurchase agreement with Citibank, N.A. (Citibank), for the repurchase of 850,000 shares of its outstanding common stock at an initial price of $26.38 per share. The Company will fund this transaction with internally generated cash and short-term borrowings. Citibank and certain of its affiliates have engaged, and may in the future engage, in transactions with and perform services for the Company in the ordinary course of business.
  Under the terms of the accelerated share repurchase agreement, the Company repurchased 850,000 shares of its outstanding common stock from Citibank; settlement occured on or about April 2, 2007. Citibank will purchase an equivalent amount of shares in the open market during a period of approximately two and one-half months from that date (the Pricing Period). The Company may receive from, or be required to pay, Citibank a price adjustment based upon the actual cost of the shares purchased by Citibank once such purchases are completed. Such price adjustment can be settled, at the Company's option, in cash or in shares of its common stock.
  In the event of a default by the Company or Citibank under the accelerated share repurchase agreement, the non-defaulting party may terminate or accelerate the transaction, and may be entitled to unreimbursed net losses and costs.
  During the Pricing Period, the Company will not purchase any shares of common stock under its current Common Stock Open Market Purchase Program, or enter into any accelerated share repurchase program or any derivative share repurchase transaction or other similar transaction.
  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.
  April 12, 2007
  By:
  Jose M. Simon
  Name: Jose M. Simon
  Title: Vice President and Controller