PHOENIX, Oct. 21 /PRNewswire-FirstCall/ -- Southwest Gas Corporation
(NYSE: SWX) has completed the acquisition of Black Mountain Gas Company (BMG)
in Arizona.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010823/SWXLOGO )
The BMG natural gas distribution system serves approximately 8,400 natural
gas customers in portions of Carefree, North Scottsdale, North Phoenix and
Cave Creek, Arizona. The acquired system is surrounded by the existing
Southwest local distribution system. Also included in the acquisition is the
BMG propane system, serving about 2,500 customers in Page, Arizona and the
metropolitan Phoenix area.
The metro Phoenix natural gas operations will continue to do business
under the Black Mountain Gas Company name for several weeks while customer
records and other business processes are integrated into Southwest Gas.
Southwest Gas Corporation purchases, transports and distributes natural
gas to approximately 1.5 million residential, commercial, industrial and other
customers in geographically diverse portions of Arizona, Nevada and
California. Its service territories are centered in the fastest-growing
region of the country. For more information about Southwest Gas, please visit
http://www.swgas.com
This report contains statements which constitute "forward-looking
statements" within the meaning of the Securities Litigation Reform Act of 1995
(Reform Act). All such forward-looking statements are intended to be subject
to the safe harbor protection provided by the Reform Act. A number of
important factors affecting the business and financial results of the Company
could cause actual results to differ materially from those stated in the
forward-looking statements. These factors include, but are not limited to,
the impact of weather variations on customer usage, customer growth rates,
natural gas prices, the effects of regulation/deregulation, the timing and
amount of rate relief, changes in gas procurement practices, changes in
capital requirements and funding, the impact of conditions in the capital
markets on financing costs, acquisitions, and competition.
SOURCE Southwest Gas Corporation
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Related links:
http://www.swgas.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20010823/SWXLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, Garth Andrews, +1-602-395-4087, or
shareholders, Kenneth J. Kenny, +1-702-876-7117, both of
Southwest Gas Corporation
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