Southwest Gas Corp. May 11
- ID: 1783823
- May 2011
- Standard & Poors
A low-risk monopoly gas distribution business; A supportive regulatory environment in California and Nevada; A large, stable residential and commercial customer base; Slower, somewhat muted customer growth prospects in Arizona, Nevada, and California; and Strong internal cash generation and adequate liquidity position. Improved, but still challenging, regulatory environment in Arizona; Absence of natural gas storage facilities in Arizona and southern Nevada; Limited geographic service territory; and Ownership of a small, unregulated construction and maintenance business. The ratings on Southwest Gas Corp. reflect an excellent business risk profile and an aggressive financial risk profile. Standard & Poor's bases the ratings on the consolidated credit profiles of its natural gas operations segment (about 90% of operating income) and its construction services business,...
Companies mentioned in this report are:
- Southwest Gas Corp.
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