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Southwest Gas Operating Results to Be Impacted by Weather

April 22, 2003 at 5:00 PM EDT

LAS VEGAS, April 22 /PRNewswire-FirstCall/ -- Southwest Gas Corporation (NYSE: SWX)(Southwest) expects its first quarter 2003 operating results to fall short of the consensus street estimate by approximately one-third. Southwest attributes the lower results to warmer-than-normal weather in its two primary operating areas. Nevada experienced its warmest January on record and Arizona its second warmest. Unseasonably warm temperatures continued through March.

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Southwest Gas expects to release its earnings for the first quarter near the end of April.

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 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, acquisitions, and competition.

SOURCE Southwest Gas Corporation