Las vegas, /PRNewswire/ — Southwestern Gas Holdings, Inc

For each and every product rates or other hidden worth of transaction calculated pursuant to restore Work Code 0-eleven (set forth the total amount about what the brand new filing payment try determined and you can condition the way it was determined):

(NYSE: SWX) (“Southwestern Fuel”) today provided another report as a result to help you an openly put-out letter of Carl C. Icahn.

Through to totally breaking up Centuri, our organization would-be a natural-gamble, totally regulated propane company with solid regulating relationships you to definitely underpinned near-checklist growth in incomes and rates foot in 2021

We’re moving forward expeditiously doing the newest separation away from Centuri contained in this nine in order to 1 year as we feel that this is actually the perfect time for you to perform a few solid independent organizations. The new has just gotten managed tube organization, MountainWest, provides a subservient and powerful suite out of high-return possessions to generate generous cashflows and earnings accretion. The regulated gas operations take pleasure in book electricity and you can balance and our company is confident in our capability to receive permanent investment on the attractive terms in order to all the way down our very own coming borrowing from the bank costs because a beneficial pure-play managed organization.

Southwestern Energy Holdings, Inc., along with their subsidiaries, partcipates in the business of shopping for, submitting and moving natural gas, and you will delivering full power infrastructure qualities round the North america. Southwest Gas Corporation, an entirely possessed part, properly and you will easily provides propane to around a couple of mil people in the Arizona, Ca and you may Nevada. Their MountainWest part will bring gas stores and you can freeway tube functions for the Rugged Mountain area. Centuri Group, Inc., an entirely had part, try a proper infrastructure characteristics providers that lovers having controlled resources to construct and maintain the energy community you to definitely vitality many home and you can businesses over the United states and you may 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 reach a paid valuation among colleagues owed in order to their glamorous, investment-degree utility clientele and you will track record of extreme EBITDA increases

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