Business
Great Basin Expansion Project Shows Strong Interest for Natural Gas Expansion in Northern Nevada
Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced Great Basin Gas Transmission Company ("Great Basin"), a wholly owned subsidiary of Southwest Gas Corporation ("Southwest Gas") and part of Southwest Gas Holdings, Inc. has successfully closed its 2028 Expansion Project ("Project") Binding Open Season for expanded firm transportation service in Northern Nevada. The results reflect significant interest from potential shippers, highlighting the dema
About this update from Southwest Gas Holdings, Inc.
[{"type":"text","content":"Southwest Gas announces that indicative capacity requests show high demand for natural gas as Great Basin Gas Transmission Company 2028 Expansion Project Binding Open Season closes.","length":181,"tagName":"p","attribs":{}},{"type":"text","content":"LAS VEGAS, June 5, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced Great Basin Gas Transmission Company ("Great Basin"), a wholly owned subsidiary of Southwest Gas Corporation ("Southwest Gas") and part of Southwest Gas Holdings, Inc. has successfully closed its 2028 Expansion Project ("Project") Binding Open Season for expanded firm transportation service in Northern Nevada. The results reflect significant interest from potential shippers, highlighting the demand for increased capacity necessary to shape an evolving energy landscape that requires the availability of reliable, resilient, on-demand energy.","length":746,"tagName":"p"},{"type":"text","content":""The level of interest we received validates both the importance of our infrastructure and the ongoing need for dependable energy delivery in Northern Nevada," said Karen Haller, Chief Executive Officer at Southwest Gas Holdings. "We look forward to collaborating with the potential shippers to finalize agreements that meet their energy needs and fuel regional growth."","length":390,"tagName":"p"},{"type":"text","content":"Estimated Impacts of the ProjectBased on the responses received by Great Basin to its Binding Open Season and subject to the successful negotiation and execution of binding precedent agreements and final approval from the Federal Energy Regulatory Commission ("FERC") to construct and operate the Project, the Company estimates the following impacts:","length":361,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Incremental capacity totaling approximately 1.25 billion cubic feet per day","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Minimum twenty-year term for each transportation service agreement","length":66,"tagName":"p"}]},{"val":[{"type":"text","content":"Incremental capital investment opportunity of approximately $800 million to $1.2 billion","length":88,"tagName":"p"}]}],"tagName":"ul","bulletedList":tru...