Annual Meeting Called to Ratify Board of Directors Recommendation to Transfer Ownership of the GCU Natural Gas System to Southwest Gas Corporation.
On September 2, the Graham County Utilities (GCU) Board of Directors approved a recommendation to transfer the ownership of the GCU natural gas distribution system to Southwest Gas Corporation and transition customers to Southwest Gas rates. The recommendation was prompted by recognizing the challenges of maintaining federal and state operating standards and regulations as a standalone entity. Based on internal analysis, the Board has determined that selling the system to Southwest Gas will allow for necessary system investments while maintaining affordability for Graham County customers.
2/3 Majority Vote of Co-op Members Required at Annual Meeting October 17, 2020
For the Board of Directors recommended ownership transfer to proceed, a 2/3 majority vote of cooperative members is required. The vote will be held Saturday, October 17, 2020, at the Graham County Utilities Annual Meeting. There will be a presentation on the proposed sale of the GCU gas utility, including the transition to Southwest Gas rates, and a vote by the members in attendance. Cooperative members must be present to vote or provided a GCU member with a proxy vote. All members are encouraged to attend and participate.
The decision to vote on the transfer of ownership will take place at the Annual Membership Meeting of the Cooperative scheduled for:
DATE: Saturday, October 17, 2020
LOCATION: Thatcher High School Commons Area (601 N 3rd Ave, Thatcher AZ 85552)
TIME: 9:00 a.m.
About Southwest Gas:
For nearly 90 years, Southwest Gas has provided safe, reliable and affordable natural gas to over 2 million customers in Arizona, California and Nevada. Southwest Gas is headquartered in Las Vegas, Nevada, and maintains operation centers throughout its service area to ensure high-quality local service and support for the communities it serves.
Workshop for Q&A's scheduled for October 14th at 5:00 pm. See Facebook for more details.
See news page (to listen to Phil Cook's podcast at KATO Radio Station (about us> news & events> GCU Annual Meetings)