Energy, Inc. Announces Monthly Dividend of $0.045 per Share
January 19 2010 - 3:26PM
PR Newswire (US)
GREAT FALLS, Mont., Jan. 19 /PRNewswire-FirstCall/ -- Energy, Inc.
(AMEX: EGAS), a natural gas utility and energy marketing company,
announced that its Board of Directors declared a monthly dividend
of $0.045 per share to shareholders of record as of January 15,
2010. The dividend will be payable on January 29, 2010. About
Energy, Inc. Energy, Inc. distributes and sells natural gas to
end-use residential, commercial, and industrial customers. It
distributes approximately 30.5 billion cubic feet of natural gas to
approximately 61,600 customers through regulated utilities
operating in Montana, Wyoming, North Carolina, Maine, Ohio and
Pennsylvania. The company markets approximately 2.3 billion cubic
feet of natural gas to commercial and industrial customers in
Montana and Wyoming on an unregulated basis. The company also has a
majority ownership interest in 160 natural gas producing wells and
gas gathering assets. In addition, the company owns the Shoshone
interstate and the Glacier gathering pipelines located in Montana
and Wyoming. The company's Montana public utility was originally
incorporated in 1909 and is headquartered in Great 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, Inc.
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 expected benefits of the
transaction may not be achieved in a timely manner or at all, the
company's ability to successfully integrate the operations of the
acquired companies, 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, the company's
ability to satisfy its debt obligations, including compliance with
financial covenants, weather conditions, litigation risks, 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, Inc.
expressly undertakes no obligation to update or revise any
forward-looking statement contained herein to reflect any change in
Energy, Inc.'s expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based. For additional information about Energy, Inc., please
contact: Kevin J. Degenstein, president and chief operating
officer, at 406-791-7500. The company's toll-free number is
800-570-5688. The company's address is 1 First Avenue South, Great
Falls, Montana 59401 and its website is http://www.ewst.com/.
DATASOURCE: Energy, Inc. CONTACT: Kevin J. Degenstein, president
and chief operating officer of Energy, Inc., +1-406-791-7500 Web
Site: http://www.energywest.com/
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