Vegas, /PRNewswire/ — Southwest Energy Holdings, Inc

Per unit rate or any other fundamental property value purchase computed pursuant to displace Operate Laws 0-eleven (established the quantity about what the newest processing fee is computed and you may condition the way it is calculated):

(NYSE: SWX) (“Southwestern Fuel”) now provided next statement in response to a publicly released letter away from Carl C. Icahn.

On totally splitting up Centuri, our company was a pure-play, completely regulated propane business having strong regulatory matchmaking you to definitely underpinned near-checklist growth in revenues and you can speed feet in the 2021

Our company is progressing expeditiously to complete the new break up regarding Centuri in this nine so you’re able to one year once the we believe this try the optimal time to manage two strong independent companies. The has just acquired controlled tube providers, MountainWest, brings a complementary and you will compelling collection from highest-get back property to create reasonable cashflows and you may earnings accretion. Our very own regulated natural gas operations see novel electricity and you may stability and we have been positive about our capacity to see long lasting funding with the attractive words in order to lower the coming borrowing from the bank costs once the an excellent pure-gamble managed entity.

Southwest Energy Holdings, Inc., making use of their subsidiaries, engages in the company of shopping for, submitting and moving propane, and you can providing complete electricity infrastructure functions across the North america. Southwestern Gas Organization, a wholly owned part, properly and dependably provides gas to over a couple million people when you look at the Arizona, California and Las vegas, nevada. Their MountainWest subsidiary provides propane shop and you will road tube functions when you look at the Rugged Hill part. Centuri Category, Inc., an entirely had subsidiary, is actually a strategic structure attributes company that lovers which have regulated tools to build and keep the power circle that vitality scores of house and companies along side You and Canada.

This communication does not constitute a solicitation of any vote or approval in connection with the 2022 annual meeting of stockholders of Southwest Gas Holdings, Inc. (the “Company”) (the “Annual Meeting”). In connection with the Annual Meeting, the Company has filed a preliminary proxy statement and will file a definitive proxy statement with the U.S. Securities and Exchange Commission (“SEC”), which the Company will furnish, with any other relevant information or documents, to its stockholders in connection with the Annual Meeting. BEFORE MAKING ANY VOTING DECISION, WE URGE STOCKHOLDERS TO READ THE PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND WHITE PROXY CARD AND OTHER DOCUMENTS WHEN SUCH INFORMATION IS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE ANNUAL MEETING. The proposals for the Annual Meeting will be made solely through the definitive proxy statement. In addition, a copy of the definitive proxy statement (when it becomes available) may be obtained free of charge from swgasholdings/proxymaterials. Security holders also will be able to obtain, free of charge, copies of the proxy statement and any other documents filed by Company with the SEC in connection with the Annual Meeting at the SEC’s website at http://sec.gov, and at the companies’ website at swgasholdings.

Centuri is expected to attain a premium valuation certainly colleagues due so you’re able to their glamorous, investment-grade electricity customer base and you will track record of tall EBITDA progress