Energy West, Incorporated Initiates Monthly Dividend

GREAT FALLS, Mont., Nov. 29 /PRNewswire-FirstCall/ — ENERGY WEST, INCORPORATED , a natural gas and energy marketing company, announced today that it is instituting monthly dividend payments on shares of its common stock. The first monthly dividend of $0.054 per share will be payable on December 28, 2007 to shareholders of record as of the close of business on December 10, 2007. On an annualized basis, the December dividend yields a rate of return of 4.7% based on the $13.82 closing price of the Company’s common stock on November 28, 2007.

The Company restored quarterly cash dividends to its shareholders in October 2005. Since being reinstituted, the dividend rate has increased 300%. Prior to the cessation of dividends in June 2003, the Company had declared 171 consecutive dividend payments since 1944 and dividends had been increased in each year since 1977.

Richard M. Osborne, Chairman and Chief Executive Officer, stated “We are making this change from quarterly to monthly payments because we believe it enables Energy West to better address the needs of our shareholders. A large number of our current shareholders are individual investors who should benefit from a more frequent payment of a dividend.”

About Energy West

Energy West, Incorporated distributes and sells natural gas to end-use residential, commercial, and industrial customers. It distributes approximately 8.4 billion cubic feet of natural gas to approximately 35,000 customers through regulated and unregulated utilities operating in and around Great Falls and West Yellowstone, in Montana, and Cody in Wyoming and Elkin in North Carolina. The Company markets approximately 2.5 billion cubic feet of natural gas to commercial and industrial customers in Montana and Wyoming on an unregulated basis. The Company also has an ownership interest in 165 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.

Safe Harbor Regarding Forward-Looking Statements

Energy West is including the following cautionary statement in this release to make applicable and to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf of, Energy West. Forward-looking statements are all statements other than statements of historical fact, including, without limitation, those that are identified by the use of the words “anticipates,”"estimates,”"expects,”"intends,”"plans,”"predicts,”"believes” and similar expressions. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those expressed. Factors that may affect forward-looking statements and the Company’s business generally include but are not limited to the Company’s continued ability to make dividend payments, the Company’s ability to implement its business plan, fluctuating energy commodity prices, the possibility that regulators may not permit the Company to pass through all of its increased costs to its customers, changes in the utility regulatory environment, wholesale and retail competition, weather conditions, litigation risks, risks associated with contracts accounted for as derivatives and various other matters, many of which are beyond the Company’s control, the risk factors and cautionary statements made in the Company’s public filings with the Securities and Exchange Commission, and other factors that the Company is currently unable to identify or quantify, but may exist in the future. Energy West expressly undertakes no obligation to update or revise any forward-looking statement contained herein to reflect any change in Energy West’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

For additional information or clarification respecting Energy West, please contact: David A. Cerotzke, Vice Chairman of the Board, at 1-406-791-7500.

The Company’s toll-free number is 1-800-570-5688. The Company’s web address is http://www.energywest.com/. The Company’s address is P.O. Box 2229, Great Falls, Montana 59403-2229.

Energy West, Incorporated

CONTACT: David A. Cerotzke, Vice Chairman of the Board of Energy West,Incorporated, +1-406-791-7500

Web site: http://www.energywest.com/