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News Releases
10/21/2003
Xcel Energy completes sale of Black Mountain Gas
MINNEAPOLIS - Xcel Energy (NYSE: XEL) on Monday completed the previously announced sale of its Arizona subsidiary Black Mountain Gas Company to Southwest Gas Corporation (NYSE: SWX) of Las Vegas, Nev.
Black Mountain Gas is a natural gas and propane distribution company serving approximately 8,500 natural gas customers in Cave Creek, Carefree, North Phoenix and North Scottsdale, Ariz., and approximately 2,500 propane customers in the Page, Ariz., and Cave Creek areas.
Xcel Energy is the fourth-largest combination natural gas and electricity company in the nation with regulated operations in 11 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.7 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
This news release may contain statements, which constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 (Reform Act). All such forward-looking statements are intended to be subject to the safe harbor protection provided by the Reform Act. A number of important factors affecting the business and financial results of the Company could cause actual results to differ materially from those stated in the forward-looking statements. These factors include, but are not limited to, the effects of regulation, changes in capital requirements and funding, resolution of pending litigation, acquisitions, and competition.
Contact:
Xcel Energy Investor Relations
R.J. Kolkmann, (612) 215-4559
or
Media Relations, (303) 294-2300
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