Energy, Inc (Nasdaq: EGAS) 2009 Annual Meeting of Shareholders Results Released

Energy, Inc. (Nasdaq: EGAS), a natural gas utility and energy marketing company, declared at  Energy Inc’s  annual meeting of shareholders held recently that  shareholders elected all of the Company's nominees to the Board of Directors to hold office until the next annual meeting of shareholders. These directors are Ian J. Abrams, W.E. 'Gene' Argo, Gregory J. Osborne, Richard M. Osborne, James R. Smail, Thomas J. Smith, James E. Sprague and Michael T. Victor.

Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter

In addition, the Company's shareholders voted to approve the issuance of up to 1,998,830 shares of the Company's common stock pursuant to the previously announced merger agreements to acquire Lightning Pipeline Co., Inc., Great Plains Natural Gas Company, Brainard Gas Corp., and Great Plains Land Development Company, LTD. (collectively, the "Acquired Companies"). The Acquired Companies, through their subsidiaries, are natural gas utility companies with approximately 22,581 customers in Northeastern Ohio and Western Pennsylvania. In the mergers, Energy Inc will issue up to 1,998,830 shares of Energy Inc’s common stock in exchange for all of the capital stock and membership units of the Acquired Companies Energy Inc’s has received approvals from all regulatory agencies for the mergers of the Acquired Companies. Energy Inc expects to consummate the mergers in the fourth quarter of 2009. Energy, Inc. is the parent company of Energy West, Incorporated, which distributes and sells natural gas to end-use residential, commercial, and industrial customers. It distributes approximately 26 billion cubic feet of natural gas to approximately 38,500 customers through regulated utilities operating in Montana, Wyoming, North Carolina and Maine. Energy Inc markets approximately 2.3 billion cubic feet of natural gas to commercial and industrial customers in Montana and Wyoming on an unregulated basis. Energy Inc also has a majority ownership interest in 160 natural gas producing wells and gas gathering assets. In addition, Energy Inc owns the Shoshone interstate and the Glacier gathering pipelines located in Montana and Wyoming. Energy Inc’s Montana public utility was originally incorporated in 1909 and is headquartered in Great Falls, Montana.

Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website

About Us

Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.

Please click here to read the full disclaimer