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Energy West, Incorporated Announces Monthly Dividend of $0.054 Per Share

Posted on: Wednesday, 19 December 2007, 18:00 CST

GREAT FALLS, Mont., Dec. 19 /PRNewswire-FirstCall/ -- Energy West, Incorporated , a natural gas utility and energy marketing company, today announced that its Board of Directors declared a monthly dividend of $0.054 per share to shareholders of record as of January 14, 2008. The dividend will be payable on January 30, 2008.

Richard M. Osborne, Chairman and Chief Executive Officer, stated, "Energy West is committed to delivering value to our shareholders and we are pleased to announce the continuation of the monthly dividend."

About Energy West

Energy West, Incorporated distributes and sells natural gas to end-use residential, commercial, and industrial customers. It distributes approximately 8.7 billion cubic feet of natural gas to approximately 35,500 customers through regulated utilities operating in Montana, Wyoming, North Carolina and Maine. 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: James W. Garrett, President and Chief Operating Officer, 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: James W. Garrett, President and Chief Operating Officer ofEnergy West, Incorporated, +1-406-791-7500

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

Source: PRNewswire-FirstCall

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