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Southwest Gas

Southwest Gas Holdings, Inc. (NYSE: SWX) is an investor-owned utility based in Las Vegas, Nevada, United States.

Southwest Gas Holdings, Inc.
TypePublic
NYSE: SWX
S&P 400 Component
FoundedMarch 1931; 92 years ago (1931-03)
HeadquartersLas Vegas, Nevada, U.S.
Key people
Michael J. Melarkey
(Chairman of the Board)
Karen S. Haller
(President & CEO)
Gregory J. Peterson
(Senior VP & CFO)
Lori Colvin
(Vice President & Controller)
Revenue US$ 2.55 billion (2017)
US$ 323.70 million (2017)
US$ 193.84 million (2017)
Total assets US$ 6.24 billion (2017)
Total equity US$ 1.81 billion (2017)
Number of employees
2,285 (2017)
WebsiteSWGas.com
Footnotes / references
[1]

The company provides natural gas service to over 2 million residential, commercial, and industrial customers in parts of Arizona, Nevada, and California. At the end of 2021, Southwest had 1.15 million customers located in Arizona, 0.8 million in Nevada, and 0.2 million in California.[2]

History edit

The company was founded in Barstow, California, in 1931, and soon expanded to the nearby town of Victorville. Natural gas was brought into southern Nevada in 1953, and Southwest Gas began service to the burgeoning communities of Las Vegas and Henderson the following year.

On January 24, 1956, Southwest Gas Corporation became a publicly owned company. Expansion into Arizona occurred in 1957 with the acquisition of Natural Gas Service of Arizona.[3]

In 1963, with the completion of a 250-mile pipeline in northern Nevada, the company was able to grow once again by extending its service territory to include Carson City. Several years later it began serving customers as far west as Elko in the northern part of the state. Expansion also occurred during this time in California with expansion from its Victorville operations to Big Bear.

During the next several decades the company made several more acquisitions and expanded in parts of its tri-state service territory. In 1979, the purchase of the gas system of what is now Tucson Electric Power, and the 1984 purchase of the gas system of Arizona Public Service Company, added the Phoenix area to the company's customer base. During a time of unprecedented growth in the desert Southwest, Southwest Gas was serving some of the fastest-growing areas in the country. In 2005, the company acquired service territory in South Lake Tahoe from Avista, enabling it to serve customers contiguously around Lake Tahoe in California and Nevada.[4] The company is the largest distributor of natural gas in Arizona and Nevada.

References edit

  1. ^ "US SEC: Form 10-K Southwest Gas Holdings, Inc". U.S. Securities and Exchange Commission. Retrieved March 4, 2018.
  2. ^ "Southwest Gas Holdings - 2021 Annual Report".
  3. ^ "Gas Firms Merged In Arizona, Nevada". Tucson Daily Citizens. 1957-08-23. p. 6.
  4. ^ Wood, Susan (2005-04-27). "Southwest Gas takeover almost complete". Tahoe Daily Tribune. Retrieved 2015-05-23.

External links edit

  • Southwest Gas website
  • Southwest Gas Living
  • Business data for Microsoft Corporation:
    • Bloomberg
    • Google
    • SEC filings
    • Yahoo!

southwest, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, 2015, learn, whe. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Southwest Gas news newspapers books scholar JSTOR May 2015 Learn how and when to remove this template message Southwest Gas Holdings Inc NYSE SWX is an investor owned utility based in Las Vegas Nevada United States Southwest Gas Holdings Inc TypePublicTraded asNYSE SWXS amp P 400 ComponentFoundedMarch 1931 92 years ago 1931 03 HeadquartersLas Vegas Nevada U S Key peopleMichael J Melarkey Chairman of the Board Karen S Haller President amp CEO Gregory J Peterson Senior VP amp CFO Lori Colvin Vice President amp Controller RevenueUS 2 55 billion 2017 Operating incomeUS 323 70 million 2017 Net incomeUS 193 84 million 2017 Total assetsUS 6 24 billion 2017 Total equityUS 1 81 billion 2017 Number of employees2 285 2017 WebsiteSWGas comFootnotes references 1 The company provides natural gas service to over 2 million residential commercial and industrial customers in parts of Arizona Nevada and California At the end of 2021 Southwest had 1 15 million customers located in Arizona 0 8 million in Nevada and 0 2 million in California 2 History editThe company was founded in Barstow California in 1931 and soon expanded to the nearby town of Victorville Natural gas was brought into southern Nevada in 1953 and Southwest Gas began service to the burgeoning communities of Las Vegas and Henderson the following year On January 24 1956 Southwest Gas Corporation became a publicly owned company Expansion into Arizona occurred in 1957 with the acquisition of Natural Gas Service of Arizona 3 In 1963 with the completion of a 250 mile pipeline in northern Nevada the company was able to grow once again by extending its service territory to include Carson City Several years later it began serving customers as far west as Elko in the northern part of the state Expansion also occurred during this time in California with expansion from its Victorville operations to Big Bear During the next several decades the company made several more acquisitions and expanded in parts of its tri state service territory In 1979 the purchase of the gas system of what is now Tucson Electric Power and the 1984 purchase of the gas system of Arizona Public Service Company added the Phoenix area to the company s customer base During a time of unprecedented growth in the desert Southwest Southwest Gas was serving some of the fastest growing areas in the country In 2005 the company acquired service territory in South Lake Tahoe from Avista enabling it to serve customers contiguously around Lake Tahoe in California and Nevada 4 The company is the largest distributor of natural gas in Arizona and Nevada References edit US SEC Form 10 K Southwest Gas Holdings Inc U S Securities and Exchange Commission Retrieved March 4 2018 Southwest Gas Holdings 2021 Annual Report Gas Firms Merged In Arizona Nevada Tucson Daily Citizens 1957 08 23 p 6 Wood Susan 2005 04 27 Southwest Gas takeover almost complete Tahoe Daily Tribune Retrieved 2015 05 23 External links editSouthwest Gas website Southwest Gas Living Business data for Microsoft Corporation BloombergGoogleSEC filingsYahoo nbsp This article about a United States company or corporation involved in the energy industry is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Southwest Gas amp oldid 1173278069, wikipedia, wiki, book, books, library,

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