Arizona regulators fine natural gas utility $2 million over defective piping [Yahoo! Finance]
Southwest Gas Holdings, Inc. (DE) (SWX)
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Source: Yahoo! Finance
regulators in Arizona over concerns about piping that is known to degrade in the heat. The Arizona Corporation Commission announced Friday that it reached a consent agreement with Southwest Gas that includes the civil penalty and requires more inspections. At issue is piping that can degrade in locations with hot ambient temperatures. Federal regulators issued an advisory in 2012 alerting operators that the piping — known as Driscopipe polyethylene (PE) M7000 and M8000 — could be susceptible to degradation. It was reported that degradation and resulting leaks involved piping installed in the Southwest, particularly in the Mohave Desert region in Arizona, California and Nevada. In Arizona, state investigators concluded that Southwest Gas failed to properly map where this type of piping had been installed. Southwest Gas estimates there are more than 10,000 miles (16,100 kilometers) of the piping throughout Arizona. The utility says it has a plan to target high-risk areas for r
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SWX
Earnings
- 11/6/24 - Beat
SWX
Sec Filings
- 12/3/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form SC
- SWX's page on the SEC website