Business News
Energy West, Incorporated Announces Monthly Dividend of $0.04 Per Share
2008-07-25 15:30:00
Energy West, Incorporated Announces Monthly Dividend of $0.04 Per Share
GREAT FALLS, Mont., July 25 /EMWNews/ -- Energy West, Incorporated (Nasdaq: EWST), a natural gas utility and energy marketing company, announced that its Board of Directors declared a monthly dividend of $0.04 per share to shareholders of record as of July 17, 2008. The dividend will be payable on July 31, 2008.
About Energy West
Energy West, Incorporated distributes and sells natural gas to end-use
residential, commercial, and industrial customers. It distributes
approximately 23 billion cubic feet of natural gas to approximately 36,000
customers through regulated utilities operating in Montana, Wyoming, North
Carolina and Maine. The company markets approximately 1.6 billion cubic
feet of natural gas to commercial and industrial customers in Montana and
Wyoming on an unregulated basis. The company also has a majority ownership
interest in 162 natural gas producing wells and gas gathering assets. In
addition, the company owns the Shoshone interstate and the Glacier
gathering pipelines located in Montana and Wyoming. The company's Montana
public utility was originally incorporated in 1909 and is headquartered in
Great Falls, Montana.
Safe Harbor Regarding Forward-Looking Statements
The company is including the following cautionary statement in this
release to make applicable and to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 for any
forward-looking statements made by, or on behalf of, Energy West.
Forward-looking statements are all statements other than statements of
historical fact, including, without limitation, those that are identified
by the use of the words "anticipates," "estimates," "expects," "intends,"
"plans," "predicts," "believes" and similar expressions. Such statements
are inherently subject to a variety of risks and uncertainties that could
cause actual results to differ materially from those expressed. Factors
that may affect forward-looking statements and the company's business
generally include but are not limited to the company's continued ability to
make dividend payments, the company's ability to implement its business
plan, fluctuating energy commodity prices, the possibility that regulators
may not permit the company to pass through all of its increased costs to
its customers, changes in the utility regulatory environment, wholesale and
retail competition, weather conditions, litigation risks, risks associated
with contracts accounted for as derivatives and various other matters, many
of which are beyond the company's control, the risk factors and cautionary
statements made in the company's public filings with the Securities and
Exchange Commission, and other factors that the company is currently unable
to identify or quantify, but may exist in the future. Energy West expressly
undertakes no obligation to update or revise any forward-looking statement
contained herein to reflect any change in Energy West's expectations with
regard thereto or any change in events, conditions or circumstances on
which any such statement is based.
For additional information or clarification regarding Energy West,
please contact: Kevin Degenstein, President and Chief Operating Officer, at
(406) 791-7500.
The company's toll-free number is (800) 570-5688. The company's web
site is http://www.energywest.com. The company's address is 1 First Avenue
South, Great Falls, Montana 59401.
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