Page 8 - SWGas Annual Report 2015
P. 8
As an example, in Nevada, pursuant to recently adopted TRUST FOR TOMORROW
gas infrastructure replacement (GIR) regulations, South- Our aim in the year ahead is to continue earning your
west Gas received approval from the Public Utilities Com- trust by establishing a track record of achievement and
mission of Nevada to replace $43.5 million of plastic and delivering on our strategies. We will advance that goal by
steel pipe on an accelerated basis. The Company also remaining focused on the core elements of our business
received approval to implement rates to collect approxi- including safety and customer satisfaction; maintaining
mately $3.8 million of annualized operating margin asso- trusted relationships with regulators; retaining a work-
force of skilled and motivated employees; implementing
In Arizona, our Customer-Owned Yard Line program is measures to control costs and increase productivity; and
entering its fourth year in 2016. This program is anoth- fostering growth across our business segments.
er example of partnering with our regulators to enhance
safety and mitigate service disruptions to customers. With increasingly positive economic conditions in our
The Company is currently recovering annual operating service territories, which will yield continued investment
margin of $2.5 million based upon cumulative capital opportunities, we believe the outlook is bright for South-
expenditures of $16 million through 2014. west Gas this year and into the future. The potential for
growth is significant for both our natural gas operations
and construction services business segments. We will
remain focused on a strong yet sustainable growth plan
that meets the needs of our expanding customer base,
while making prudent investment decisions. Looking
ahead, we remain confident in our Company’s perfor-
mance as we continue to bring to fruition the exciting
growth opportunities that the future holds.
Michael J. Melarkey
Chairman of the Board
John P. Hester
President and
April 2016 marks the end of the Arizona rate case filing John P. Hester
moratorium, which creates the opportunity for rate relief
through a general rate case filing. Similar to our other re- To access an online version of this report or to learn more about Southwest Gas,
cent rate case filings, we will be updating various oper- visit www.swgas.com.
ating expenses and revenues to reflect current needs,
including updating our depreciation rates. We will also
be focused on expanding our existing infrastructure re-
covery mechanism to include other qualifying non-reve-
Southwest Gas Corporation
