Nevada Customers to See Lower Bills Starting July 1

LAS VEGAS, June 23, 2025 /PRNewswire/ -- Southwest Gas Corporation (Southwest Gas or Company) announced today that Nevada customers will see lower bills beginning July 1, 2025, as a result of the Company's recent filing approved by the Public Utilities Commission of Nevada (PUCN or Commission) to reduce the Deferred Energy Account Adjustment (DEAA) component of the Company's gas cost rates.

The DEAA is a regulatory mechanism that tracks the difference between the cost that Southwest Gas pays to procure natural gas on behalf of its customers and the amount it recovers from customers through its gas cost rates.

Through collaboration and agreement with the Regulatory Operations Staff (Staff) of the PUCN and the Bureau of Consumer Protection (BCP), the Company received Commission approval to implement an increased DEAA credit rate on July 1 to provide customers with lower bills by offsetting the impact of the Annual Rate Adjustment (ARA) and the Base Tariff Energy Rate (BTER) increases effective July 1.

"Recent market conditions have led to lower natural gas prices, and with the support of Staff, the BCP and the Commission, we're pleased to pass on the effect of those reduced costs to our Nevada customers earlier than expected," said Amy Timperley, Senior Vice President and Chief Regulatory Officer at Southwest Gas. "Notwithstanding the effectiveness with which the DEAA quarterly adjustment has historically performed, we feel that implementing a larger credit DEAA rate as soon as practical is appropriate to help our Nevada customers recognize the benefit of lower rates."

Beginning July 1, Southern Nevada customers will see a $0.20 DEAA credit rate per therm, and Northern Nevada customers will see a $0.25 DEAA credit rate per therm on their bills. Factoring in the DEAA credit with the ARA and BTER increases, based on the annual average monthly usage of a single-family residential customer, the estimated monthly savings are as follows:

• Southern Nevada: approximately $10.56 per month
• Northern Nevada: approximately $18.39 per month

Southwest Gas does not profit from the cost of natural gas. The Company purchases natural gas on behalf of its customers and recovers those costs from customers without markup. Regulatory mechanisms like the DEAA, overseen and approved by the PUCN, ensure customer bills reflect actual market conditions.

Customers interested in learning more about how their bills are calculated—including how gas usage, weather, and market prices impact monthly costs—can visit swgas.com/understandbill for helpful resources.

About Southwest Gas
Southwest Gas Corporation is a dynamic energy company committed to exceeding the expectations of our over two million customers throughout Arizona, California, and Nevada by providing safe and reliable service while innovating sustainable energy solutions to fuel our communities' growth. For more information about how Southwest Gas is supporting a sustainable energy future, please visit www.swgas.com.

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SOURCE Southwest Gas Corporation