Rochester, New York 12/10/2009 8:25:00 AM
News / Business

Energy Inc. (NASDAQ: EGAS) Announces Its Intent to Transfer NYSE Amex

Energy, Inc. (Nasdaq: EGAS) recently publicized that it has been authorized to list its shares of common stock on the NYSE Amex Stock Exchange.  Energy, Inc. anticipates the shares of its common stock will begin trading on the NYSE Amex on December 18, 2009, using its current symbol "EGAS." Until that time, Energy, Inc.'s common stock will continue to trade on NASDAQ Global Market.

 

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"We are excited about our move to the NYSE Amex stock exchange which we believe will further enhance our investor outreach as we continue to build shareholder value in our businesses," said Richard M. Osborne, CEO and Chairman of Energy, Inc. "Energy, Inc. continues to broaden its utility platform with the recent addition of an 83% interest in Cut Bank Gas as well as the pending acquisitions by mergers of the three natural gas utility companies in Northeastern Ohio and Western Pennsylvania which would result in Energy, Inc. having more than 60,000 gas customers in six states." "We are pleased to welcome Energy, Inc. to the NYSE Amex," said Scott R. Cutler, NYSE Euronext EVP and Head of Listings, Americas. "Energy, Inc. is the first company to transfer from Nasdaq to NYSE Amex since NYSE Euronext completed its acquisition of the former American Stock Exchange. Energy, Inc. is making a significant move, and the company and its shareholders will benefit from their association with the NYSE's superior market, services and network of leading energy companies." 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. The company markets approximately 2.3 billion cubic feet of natural gas to commercial and industrial customers in Montana and Wyoming on an unregulated basis. The company also has a majority ownership interest in 160 natural gas producing wells and gas gathering assets. In addition, the company owns the Shoshone interstate and the Glacier gathering pipelines located in Montana and Wyoming. The company's Montana public utility was originally incorporated in 1909 and is headquartered in Great Falls, Montana.


 

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