<PAGE> 1
RULE 424(b)(3)
FILE NOS. 333-26161 AND 33-59369
PRICING SUPPLEMENT NO. 1 TO REGISTRATION STATEMENT NO. 333-26161
AND PRICING SUPPLEMENT NO. 3 TO REGISTRATION STATEMENT NO. 33-59369
Dated September 15, 1999
(Prospectus dated May 16, 1997, as supplemented
by the Prospectus Supplement dated September 9, 1999)
$150,000,000
PIEDMONT NATURAL GAS COMPANY, INC.
MEDIUM-TERM NOTES, SERIES C
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
<TABLE>
<S> <C> <C>
Principal Amount: $30,000,000 [ ] Floating Rate Notes [X] Book Entry Notes
Issue Price: 100% [X] Fixed Rate Notes [ ] Certificated Notes
Original Issue Date: September 20, 1999 Maturity Date: September 25, 2009
Original Issue Discount Notes: [ ] Yes Total Amount of OID:
[X] No
Yield to Maturity:
Initial Accrual Period:
Interest Payment Dates: January 1 and Record Dates: December 16 and June 15
July 1 of each year and at maturity next preceding the Interest
Payment Dates
</TABLE>
<TABLE>
<S> <C>
[X] The Notes cannot be redeemed prior to maturity. [X] The Notes cannot be repaid prior to maturity.
[ ] The Notes may be redeemed prior to maturity. [ ] The Notes may be repaid prior to maturity at the
option of the holders thereof.
</TABLE>
<TABLE>
<CAPTION>
OPTIONAL OPTIONAL
REDEMPTION REDEMPTION REPAYMENT REPAYMENT
DATE(S) PERCENTAGE(S) DATE(S) PERCENTAGE(S)
---------- ------------- --------- -------------
<S> <C> <C> <C>
</TABLE>
APPLICABLE ONLY TO FIXED RATE NOTES:
Interest Rate: 7.35%
APPLICABLE ONLY TO FLOATING RATE NOTES:
<TABLE>
<S> <C>
Interest Rate Basis: Maximum Interest Rate:
[ ] Commercial Paper Rate: Minimum Interest Rate:
[ ] CD Rate Spread (plus or minus):
[ ] Prime Rate Spread Multiplier:
[ ] Federal Funds Effective Rate Interest Reset Date(s):
[ ] Treasury Rate Interest Reset Month(s):
[ ] LIBOR Interest Reset Period:
Initial Interest Rate: Interest Payment Month(s):
Index Maturity: Interest Payment Period:
Calculation Date(s): Calculation Agent:
</TABLE>
