LAS VEGAS, Aug. 31 /PRNewswire-FirstCall/ -- Southwest Gas Corporation
(NYSE: SWX) has filed a request with the Arizona Corporation Commission
(Commission) to increase its authorized operating revenues by $50.2 million or
4.9 percent. The request is due primarily to an increase in the company's
fixed operating costs. Southwest has also proposed a rate structure that
would encourage energy-efficiency efforts, as well as remove weather-related
volatility from customer bills.
If approved by the Commission, an average residential bill of $50.78 for
28 therms would increase by $3.86 to $54.64. Southwest has asked the
Commission that rates be implemented October 1, 2008. It has been nearly
three years since the company filed its last general rate case.
Southwest Gas serves more than 958,000 customers in Arizona.
This press release may contain 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 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, the effects of regulation, the timing and amount of
rate relief, and changes in rate design.
SOURCE Southwest Gas Corporation
/CONTACT: Media Contact, Cynthia Messina, +1-702-876-7132, or Shareholder
Contact, Ken Kenny, +1-702-876-7237, both of Southwest Gas Corporation/
/Web site: http://www.swgas.com /
CO: Southwest Gas Corporation; Arizona Corporation Commission
ST: Nevada, Arizona
IN: OIL UTI
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6155 08/31/2007 13:00 EDT http://www.prnewswire.com