Southwest Gas Advises Customers to Conserve as States Grapple with Cold Weather
Southwest Gas advises customers in Arizona, California, and Nevada to conserve natural gas due to harsh winter weather impacting supply, especially in Texas.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Southwest Gas advises customers in Arizona, California, and Nevada to conserve natural gas due to harsh winter weather impacting supply, especially in Texas. Natural gas prices have surged amid constrained supply. While there are no immediate shortages expected in Arizona, conservation is crucial to support the supply chain for other affected states. Customers are encouraged to limit non-essential usage and adopt energy-saving practices. The fluctuating prices are passed directly to customers without profit to the company. Updates are available on SWGas.com.
Positive
- No immediate natural gas supply shortages anticipated in Arizona
Negative
- Natural gas prices have dramatically increased due to supply constraints
- Harsh weather conditions create uncertainty regarding future gas costs
Details
News Market Reaction – SWX
The recorded move for SWX in the trading session of this news was +2.08%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHOENIX, Feb. 17, 2021 /PRNewswire/ -- As many states continue to experience harsh unseasonably cold weather, Southwest Gas is advising customers to conserve. The weather crisis, specifically in Texas, has caused natural gas supplies to become constrained. As with any resource in high demand and constrained supply, natural gas prices have dramatically increased over the past several days.
As a service, Southwest Gas is advising customers to conserve natural gas to help minimize price impacts to their future gas bills. While Southwest Gas does not currently anticipate any supply shortages in Arizona, conservation of natural gas will help support the interstate pipeline system so states where the weather is bitterly cold can meet their demands.
Where possible, we urge customers to curb the use of non-essential natural gas features like:
- Indoor and outdoor fireplaces
- Fire pits
- Pool and spa heaters
- Tiki torches
- Any other decorative fire features
In addition, customers can conserve natural gas by:
- Using cold water whenever possible
- Taking shorter showers
- Setting the thermostat to 65-68 degrees, health permitting
- Dress warmly while inside your home
The price of gas fluctuates based on supply and demand and Southwest Gas does not profit from the cost of natural gas. Natural gas costs are passed straight through to customers. While we cannot predict when costs will return to normal, Southwest Gas recommends customers conserve through the weekend.
Visit SWGas.com and/or follow Southwest Gas on social media for updates as they come available. Southwest Gas Corporation provides safe and reliable natural gas service to over two million customers in Arizona, California, and Nevada.
View original content to download multimedia:http://www.prnewswire.com/news-releases/southwest-gas-advises-customers-to-conserve-as-states-grapple-with-cold-weather-301229627.html
SOURCE Southwest Gas Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.