Business
Great Basin Gas Transmission Company Announces Close of Second Supplemental Open Season and Execution of Associated Binding Precedent Agreements for Natural Gas Expansion in Northern Nevada
Great Basin Gas Transmission Company ("Great Basin"), a wholly owned subsidiary of Southwest Gas Corporation and part of Southwest Gas Holdings, Inc. (NYSE: SWX) ("Company"), today announced the successful close of its Second Supplemental Open Season for the 2028 Expansion Project ("Project") and the execution of associated binding precedent agreements for the Project.
About this update from Southwest Gas Holdings, Inc.
[{"type":"text","content":"Strong interest reinforces demand for expanded energy infrastructure investment across the region as Southwest Gas advances long-term energy solutions","length":150,"tagName":"p","attribs":{}},{"type":"text","content":"LAS VEGAS, Dec. 8, 2025 /PRNewswire/ -- Great Basin Gas Transmission Company ("Great Basin"), a wholly owned subsidiary of Southwest Gas Corporation and part of Southwest Gas Holdings, Inc. (NYSE: SWX) ("Company"), today announced the successful close of its Second Supplemental Open Season for the 2028 Expansion Project ("Project") and the execution of associated binding precedent agreements for the Project.","length":441,"tagName":"p"},{"type":"text","content":"To accommodate continued interest following the Open Seasons held earlier this year, the Second Supplemental Open Season launched on November 11, 2025, and provided potential shippers additional opportunity to submit binding requests, refine capacity needs, consider alternative in-service dates, and evaluate the final scope of the expansion Project to support energy demand growth across Northern Nevada.","length":406,"tagName":"p"},{"type":"text","content":""Demand for reliable and flexible natural gas transportation service in Northern Nevada continues to grow, and the executed precedent agreements reflect that demand," said Karen S. Haller, President and Chief Executive Officer of Southwest Gas Holdings, Inc. "We look forward to collaborating with shippers as we move forward with the FERC pre-filing process and align our infrastructure planning with the region's growing energy needs."","length":461,"tagName":"p"},{"type":"text","content":"Open Season Results & Potential ImpactsSubject to approval from the Federal Energy Regulatory Commission ("FERC") to construct and operate the Project, the Company currently anticipates the following outcomes:","length":224,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Capacity requests totaling nearly 800 million cubic feet per day","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Potential estimated capital investment of approximately $1.7 billion","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Estimated capital spending of ~20% in 2026, ~25% in 2027, and ~55% in 2028, with an expected in-servic...