<PAGE> 1
RULE 424(b)(3)
FILE NO. 333-26161
PRICING SUPPLEMENT NO. 3 TO REGISTRATION STATEMENT NO. 333-26161
DATED SEPTEMBER 26, 2000
(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: $60,000,000 [ ] Floating Rate Notes [X] Book Entry Notes
Issue Price: 100% [X] Fixed Rate Notes [ ] Certificated Notes
Original Issue Date: September 29, 2000 Maturity Date: September 29, 2010
Original Issue Discount Notes: Total Amount of OID:
[ ] Yes
[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 [X] The Notes cannot be repaid prior to
maturity. maturity.
[ ] The Notes may be redeemed prior to [ ] The Notes may be repaid prior to maturity
maturity. at the option of the holders thereof.
</TABLE>
OPTIONAL OPTIONAL
REDEMPTION REDEMPTION REPAYMENT REPAYMENT
DATE(S) PERCENTAGE(S) DATE(S) PERCENTAGE(S)
------------------ ------------- ------------------ -------------
APPLICABLE ONLY TO FIXED RATE NOTES:
Interest Rate: 7.80%
APPLICABLE ONLY TO FLOATING RATE NOTES:
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: