Published:
Energy West, Incorporated Announces Management Team Realignment
GREAT FALLS, Mont., June 16 /PRNewswire-FirstCall/ -- Energy West,
Incorporated (Nasdaq: EWST), a natural gas utility and energy marketing
company, today announced that it is realigning its management team to enhance
existing operations and to focus on its acquisition strategy. Kevin J.
Degenstein, previously the Company's Senior Vice President of Operations, now
serves as President and Chief Operating Officer. James W. Garrett, previously
the Company's President and COO, will assume the newly-created position of
Vice President of Business Development.
Richard M. Osborne, Chairman and Chief Executive Officer, stated, "The
realignment of our management team provides us with additional focus on our
growth strategy which includes the acquisition and expansion of our natural
gas utility operations in small and emerging markets while maintaining the
high standards of customer service and operations management we have come to
expect. I am confident that the entire management team will continue to work
together for the short and long-term goals of the Company."
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 inMontana,Wyoming,North
Carolina andMaine. The Company markets approximately 1.6 billion cubic feet
of natural gas to commercial and industrial customers inMontana andWyoming
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 inMontana andWyoming. The Company'sMontana public utility was
originally incorporated in 1909 and is headquartered inGreat 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 respecting Energy West, please
contact: Kevin J. Degenstein, President and Chief Operating Officer, at
406-791-7554.
The Company's toll-free number is 1-800-570-5688. The Company's web
address is http://www.energywest.com. The Company's address is P.O. Box 2229,
Great Falls, Montana 59403-2229.
SOURCE Energy West, Incorporated
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