8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 4, 2014

SOUTHWEST GAS CORPORATION

(Exact name of registrant as specified in its charter)

California	1-7850	88-0085720
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	Identification No.)
5241 Spring Mountain Road
Post Office Box 98510
Las Vegas, Nevada		89193-8510
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (702) 876-7237

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01         Regulation FD Disclosure.

On April 4, 2014, Southwest Gas Corporation (the “Company”) released summary statistical information for each of the ten years in the period ended December 31, 2013.  A copy of this information is attached hereto as Exhibit 99.

This Form 8-K and the attached exhibit are provided under Item 7.01 of Form 8-K and are furnished to, but not filed with, the Securities and Exchange Commission.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SOUTHWEST GAS CORPORATION
Date: April 4, 2014
	/s/ GREGORY J. PETERSON
	Gregory J. Peterson
	Vice President/Controller and
	Chief Accounting Officer

EXHIBIT INDEX

Exhibit
No.	Description
99	Summary statistical information as of December 31, 2013 released on April 4, 2014.

EX-99

RATEMAKING JURISDICTIONS AND REGULATORY AGENCIES

The Company is subject to regulation by the Arizona Corporation Commission (ACC), the Public Utilities Commission of Nevada (PUCN) and the California Public Utilities Commission (CPUC).  These commissions regulate public utility rates, practices, facilities, and service territories in their respective states.

The Federal Energy Regulatory Commission (FERC) regulates a wholly owned subsidiary of the Company, Paiute Pipeline Company (Paiute), and the rates it charges for transportation of gas directly to certain end-users and the transportation and storage of gas to various local distribution companies for resale in northern Nevada and northern California.

Shown below is a list of the Company's ratemaking jurisdictions and the corresponding regulatory agency having jurisdiction:

Ratemaking Jurisdiction	Regulatory Agency
Arizona:	Arizona Corporation Commission
	1200 West Washington	Web site:  www.azcc.gov
	Phoenix, AZ  85007-2996
	(602) 542-4251	FAX: (602) 542-2129
California:	California Public Utilities Commission
Northern	505 Van Ness Avenue	Web site:  www.cpuc.ca.gov
Southern	San Francisco, CA  94102-3298
South Lake Tahoe	(415) 703-2782	FAX: (415) 703-1758
Nevada:	Public Utilities Commission of Nevada
Northern	1150 East William Street	Web site:  http://puc.nv.gov
Southern	Carson City, NV  89701-3109
	(775) 684-6101	FAX: (775) 684-6110
Nevada/California:	Federal Energy Regulatory Commission
Paiute	888 First Street, N.E.	Web site:  www.ferc.gov
	Washington, DC  20426
	(202) 502-6088	FAX: (202) 208-2106

A list of the commissioners appointed or elected to the various regulatory agencies follows this page.

SUMMARY OF COMMISSIONER STATUS BY JURISDICTION

March 2014

ARIZONA
Five members, elected statewide to four-year staggered terms.  Governor appoints replacements, if position is vacated.
	Chairman Bob Stump	Rep.	Term ends 01/2017
	Commissioner Susan Bitter Smith	Rep.	Term ends 01/2017
	Commissioner Bob Burns	Rep.	Term ends 01/2017
	Commissioner Brenda Burns	Rep.	Term ends 01/2015
	Commissioner Gary Pierce	Rep.	Term ends 01/2015
	Executive Director Jodi Jerich
CALIFORNIA
Five members, appointed to six-year staggered terms by Governor and confirmed by Senate.
	President Michael R. Peevey	Dem.	Term ends 12/31/2014
	Commissioner Michel P. Florio	Dem.	Term ends 01/01/2017
	Commissioner Carla J. Peterman	Dem.	Term ends 12/31/2018
	Commissioner Catherine J. K. Sandoval	Dem.	Term ends 01/01/2017
	Commissioner Michael Picker	Dem.	Term ends 01/01/2020
	Executive Director Paul Clanon
NEVADA
Three members, appointed to four-year staggered terms by Governor; no confirmation required.
	Chairman Alaina Burtenshaw	Dem.	Term ends 09/30/2017
	Commissioner David Noble	Ind.	Term ends 09/30/2016
	Commissioner Rebecca Wagner	Rep.	Term ends 09/30/2015
	Executive Director Crystal Jackson
FERC
Up to five members, appointed to five-year staggered terms by President and confirmed by U.S. Senate.
	Acting Chairman Cheryl A. LaFleur	Dem.	Term ends 06/30/2014
	Commissioner Tony Clark	Rep.	Term ends 06/30/2016
	Commissioner Philip D. Moeller	Rep.	Term ends 06/30/2015
	Commissioner John R. Norris	Dem.	Term ends 06/30/2017
	Secretary Kimberly D. Bose

SUMMARY OF KEY REGULATORY FILINGS
					ADDITIONAL			ADDITIONAL			PERCENT		OVERALL			RATE OF
					MARGIN			MARGIN			AUTHORIZED		RATE OF			RETURN ON			COMMON
	FILING	TEST	FILING	EFFECTIVE	REQUESTED			AUTHORIZED			OF REQUESTED		RETURN			COMMON EQUITY			EQUITY
JURISDICTION	TYPE [1]	PERIOD	DATE	DATE	($mm)			($mm)			AMOUNTS		GRANTED			GRANTED			RATIO
NEVADA
Docket No. 09-04003  (NNV)	GRC	11/30/08	04/03/09	11/01/09		1.3			(0.5	)	NM			8.29			10.15			47.09
Docket No. 09-04003  (SNV)	GRC	11/30/08	04/03/09	11/01/09		26.6			17.6			66		7.40			10.15			47.09
Docket No. 09-06016  (SNV)	VIER		06/15/09	11/01/09		(1.5	)		(1.5	)		100		7.40			10.15			47.09
Docket No. 10-06008  (SNV)	VIER		06/04/10	11/01/10		(1.1	)		(1.1	)		100		7.25			10.15			47.09
Docket No. 11-06003  (SNV)	VIER		06/03/11	11/01/11		1.9			1.9			100		7.26			10.15			47.09
Docket No. 12-04005 (NNV) [2]	GRC	11/30/11	04/04/12	04/09/13		2.0			0.7			34		7.88			9.30			59.06
Docket No. 12-04005 (SNV) [2]	GRC	11/30/11	04/04/12	04/09/13		24.9			6.7			27		6.56			10.00			42.74
Docket No. 13-06006  (SNV)	VIER		06/04/13	01/01/14		(0.1	)		(0.1	)		100		6.52			10.00			42.74
ARIZONA
Docket No. G-0155A-07-0504	GRC	04/30/07	08/31/07	12/01/08		49.3			33.5			68		8.86			10.00			43.44
Docket No. G-0155A-10-0458	GRC	06/30/10	11/12/10	01/01/12		73.2			52.6			72		8.95			9.50			52.30
CALIFORNIA
Advice Letter No. 722  (SCA)	Attrition		11/01/04	01/01/05		1.6			1.6			100		8.74			10.38			42.00
Advice Letter No. 722  (NCA)	Attrition		11/01/04	01/01/05		0.3			0.3			100		8.74			10.38			42.00
Advice Letter No. 747-A  (SCA)	Attrition		11/23/05	04/13/06		3.4			2.2			65		8.74			10.38			42.00
Advice Letter No. 747-A  (NCA)	Attrition		11/23/05	04/13/06		1.1			0.8			72		8.74			10.38			42.00
Advice Letter No. 769  (SCA)	Attrition		11/17/06	01/01/07		2.3			2.3			100		8.74			10.38			42.00
Advice Letter No. 769  (NCA)	Attrition		11/17/06	01/01/07		0.4			0.4			100		8.74			10.38			42.00
Advice Letter No. 789  (SCA)	Attrition		11/01/07	01/01/08		1.7			1.7			100		8.74			10.38			42.00
Advice Letter No. 789  (NCA)	Attrition		11/01/07	01/01/08		0.4			0.4			100		8.74			10.38			42.00
Application 07-12-022  (SCA)	GRC	12/31/09	12/21/07	01/01/09		7.1			2.4			34		7.87			10.50			47.00
Application 07-12-022  (NCA/SLT)	GRC	12/31/09	12/21/07	01/01/09		2.0			0.8			39		8.99			10.50			47.00
Advice Letter No. 829  (SCA)	Attrition		10/30/09	01/01/10		1.7			1.7			100		7.87			10.50			47.00
Advice Letter No. 829  (NCA/SLT)	Attrition		10/30/09	01/01/10		1.0			1.0			100		8.99			10.50			47.00
Advice Letter No. 857  (SCA)	Attrition		12/01/10	01/01/11		1.7			1.7			100		7.87			10.50			47.00
Advice Letter No. 857  (NCA/SLT)	Attrition		12/01/10	01/01/11		0.5			0.5			100		8.99			10.50			47.00
Advice Letter No. 877  (SCA)	Attrition		11/22/11	01/01/12		(0.3	)		(0.3	)		100		6.42			9.88			50.00
Advice Letter No. 877  (NCA/SLT)	Attrition		11/22/11	01/01/12		0.2			0.2			100		8.50			9.88			50.00
Advice Letter No. 904/905  (SCA)	Attrition		11/29/12	01/01/13		1.1			1.1			100		6.10			9.35			50.00
Advice Letter No. 904/905  (NCA/SLT)	Attrition		11/29/12	01/01/13		(0.0	)		(0.0	)		100		7.77			9.35			50.00
Application 12-12-024  (SCA)	GRC	12/31/14	12/20/12	TBD		5.6		TBD			TBD		TBD			TBD			TBD
Application 12-12-024  (NCA/SLT)	GRC	12/31/14	12/20/12	TBD		6.0		TBD			TBD		TBD			TBD			TBD
FERC
Docket No. RP09-406	GRC	08/31/09	02/27/09	09/01/09		3.9			0.9			22		[3	]		[3	]		[3	]
Docket No. RP14-540	GRC	08/31/14	02/28/14	09/01/14		9.0		TBD			TBD		TBD			TBD			TBD
[1] GRC = General Rate Case; VIER = Variable Interest Expense Recovery Mechanism; Attrition = Annual Attrition Filing and Automatic Trigger Mechanism for Cost of Capital
[2] Original decision dated November 7, 2012 authorized $1.2 mm in NNV and $5.8 mm in SNV.
[3] Stipulation - Not Identified in Order

SUMMARY OPERATING RESULTS	YEAR ENDED DECEMBER 31,
(In thousands, except per share amounts)	2013		2012		2011			2010		2009		2008			2007		2006		2005		2004
Results of Consolidated Operations
Contribution to net income - gas operations	$	124,169	$	116,619	$	91,420		$	91,382	$	79,420	$	53,747		$	72,494	$	71,473	$	33,670	$	48,354
Contribution to net income - construction services		21,151		16,712		20,867			12,495		8,062		7,226			10,752		12,387		10,153		8,421
Net income	$	145,320	$	133,331	$	112,287		$	103,877	$	87,482	$	60,973		$	83,246	$	83,860	$	43,823	$	56,775
Basic earnings per share	$	3.14	$	2.89	$	2.45		$	2.29	$	1.95	$	1.40		$	1.97	$	2.07	$	1.15	$	1.61
Diluted earnings per share	$	3.11	$	2.86	$	2.43		$	2.27	$	1.94	$	1.39		$	1.95	$	2.05	$	1.14	$	1.60
Average outstanding common shares		46,318		46,115		45,858			45,405		44,752		43,476			42,336		40,566		38,132		35,204
Average shares outstanding (assuming dilution)		46,758		46,555		46,291			45,823		45,062		43,775			42,714		40,975		38,467		35,488
Results of Natural Gas Operations
Gas operating revenues	$	1,300,154	$	1,321,728	$	1,403,366		$	1,511,907	$	1,614,843	$	1,791,395		$	1,814,766	$	1,727,394	$	1,455,257	$	1,262,052
Net cost of gas sold		436,001		479,602		613,489			736,175		866,630		1,055,977			1,086,194		1,033,988		828,131		645,766
Operating margin		864,153		842,126		789,877			775,732		748,213		735,418			728,572		693,406		627,126		616,286
Operations and maintenance expense		384,914		369,979		358,498			354,943		348,942		338,660			331,208		320,803		314,437		290,800
Depreciation and amortization		193,848		186,035		175,253			170,456		166,850		166,337			157,090		146,654		137,981		130,515
Taxes other than income taxes		45,551		41,728		40,949			38,869		37,318		36,780			37,553		34,994		39,040		37,669
Operating income		239,840		244,384		215,177			211,464		195,103		193,641			202,721		190,955		135,668		157,302
Other income (deductions)		12,261		4,165		(5,404	)		4,016		6,590		(13,469	)		4,850		10,049		5,087		1,611
Net interest deductions		62,555		66,957		68,777			75,113		74,091		83,096			86,436		85,567		81,595		78,137
Net interest deductions on subordinated debentures		-		-		-			1,912		7,731		7,729			7,727		7,724		7,723		7,724
Income before income taxes		189,546		181,592		140,996			138,455		119,871		89,347			113,408		107,713		51,437		73,052
Income tax expense		65,377		64,973		49,576			47,073		40,451		35,600			40,914		36,240		17,767		24,698
Contribution to consolidated net income	$	124,169	$	116,619	$	91,420		$	91,382	$	79,420	$	53,747		$	72,494	$	71,473	$	33,670	$	48,354

SUMMARY CONSOLIDATED BALANCE SHEET	AT DECEMBER 31,
(In thousands)	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
ASSETS
Net utility plant	$	3,486,108		$	3,343,794		$	3,218,944		$	3,072,436		$	3,034,503		$	2,983,307		$	2,845,300		$	2,668,104		$	2,489,147		$	2,335,992
Other property and investments		260,871			242,096			192,004			134,648			115,860			124,781			143,097			136,242			118,094			99,879
Restricted cash		-			-			12,785			37,781			49,769			-			-			-			-			-
Current assets		494,672			458,417			461,632			445,894			417,632			438,076			502,459			501,624			542,660			431,993
Deferred charges and other assets		323,523			443,750			390,642			293,434			288,528			274,220			179,332			178,995			78,525			70,252
Total assets	$	4,565,174		$	4,488,057		$	4,276,007		$	3,984,193		$	3,906,292		$	3,820,384		$	3,670,188		$	3,484,965		$	3,228,426		$	2,938,116
CAPITALIZATION
Common stock equity	$	888,507		$	876,555		$	869,226		$	855,114		$	839,061		$	816,285		$	776,755		$	741,658		$	669,206		$	605,070
Accumulated other comprehensive income (loss), net		(41,698	)		(50,745	)		(49,331	)		(30,784	)		(22,250	)		(19,426	)		(12,850	)		(13,666	)		(41,645	)		(10,892	)
Retained earnings		567,714			484,369			406,125			343,131			285,316			240,982			219,768			173,433			123,574			111,498
Noncontrolling interest		(2,128	)		(1,681	)		(989	)		(465	)		(41	)		-			-			-			-			-
Subordinated debentures		-			-			-			-			100,000			100,000			100,000			100,000			100,000			100,000
Long-term debt, less current maturities		1,381,327			1,268,373			930,858			1,124,681			1,169,357			1,185,474			1,266,067			1,286,354			1,224,898			1,162,936
Total capitalization		2,793,722			2,576,871			2,155,889			2,291,677			2,371,443			2,323,315			2,349,740			2,287,779			2,076,033			1,968,612
LIABILITIES
Current maturities of long-term debt		11,105			50,137			322,618			75,080			1,327			7,833			38,079			27,545			83,215			29,821
Current liabilities		423,059			484,992			524,950			521,881			472,903			502,062			489,853			468,519			537,738			453,210
Deferred income taxes and investment tax credits		674,411			616,184			557,118			466,628			436,113			387,539			347,497			308,493			234,739			281,743
Other deferred credits		662,877			759,873			715,432			628,927			624,506			599,635			445,019			392,629			296,701			204,730
Total liabilities		1,771,452			1,911,186			2,120,118			1,692,516			1,534,849			1,497,069			1,320,448			1,197,186			1,152,393			969,504
Total capitalization and liabilities	$	4,565,174		$	4,488,057		$	4,276,007		$	3,984,193		$	3,906,292		$	3,820,384		$	3,670,188		$	3,484,965		$	3,228,426		$	2,938,116
GAS SEGMENT CASH FLOWS	YEAR ENDED DECEMBER 31,
(In thousands)	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
From operating activities	$	265,290		$	344,441		$	216,745		$	342,522		$	371,416		$	261,322		$	320,594		$	253,245		$	214,036		$	124,135
From investing activities		(304,189	)		(296,886	)		(289,234	)		(178,685	)		(265,850	)		(237,093	)		(306,396	)		(277,980	)		(254,120	)		(272,458	)
From financing activities		44,947			(43,453	)		(2,327	)		(107,779	)		(81,744	)		(34,704	)		(5,347	)		15,989			57,763			143,086
Net change in cash	$	6,048		$	4,102		$	(74,816	)	$	56,058		$	23,822		$	(10,475	)	$	8,851		$	(8,746	)	$	17,679		$	(5,237	)

GAS OPERATIONS SEGMENT
UTILITY PLANT	AT DECEMBER 31,
(In thousands)	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
Distribution	$	4,410,598		$	4,224,560		$	4,048,078		$	3,847,731		$	3,716,881		$	3,615,253		$	3,419,799		$	3,153,399		$	2,917,959		$	2,706,089
General		324,490			310,936			291,639			279,402			270,825			228,282			219,126			219,527			213,906			206,837
Transmission		313,306			301,505			295,103			274,646			271,467			262,271			256,696			243,989			239,872			233,841
Intangible		171,193			150,396			144,135			135,330			127,188			122,227			119,312			117,251			115,893			112,036
Construction work in progress		101,413			74,178			44,894			37,489			45,872			70,041			61,419			78,402			54,287			31,967
Other		33,612			33,014			33,186			33,267			33,376			32,326			30,815			31,136			31,130			31,141
Accumulated depreciation & amortization		(1,868,504	)		(1,750,795	)		(1,638,091	)		(1,535,429	)		(1,431,106	)		(1,347,093	)		(1,261,867	)		(1,175,600	)		(1,083,900	)		(985,919	)
Net utility plant	$	3,486,108		$	3,343,794		$	3,218,944		$	3,072,436		$	3,034,503		$	2,983,307		$	2,845,300		$	2,668,104		$	2,489,147		$	2,335,992
OPERATIONS & MAINTENANCE EXPENSES	YEAR ENDED DECEMBER 31,
(In thousands)	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
Distribution	$	174,129		$	166,356		$	157,855		$	157,220		$	159,282		$	151,586		$	148,130		$	142,194		$	134,271		$	126,396
Administrative and general		131,366			124,874			123,357			120,942			112,526			106,851			101,100			98,363			104,662			90,111
Customer accounts		53,809			55,894			57,414			60,187			60,896			63,788			67,453			67,472			63,715			60,180
Transmission		15,864			14,207			12,353			9,622			9,338			10,172			8,346			8,276			7,515			7,612
Production and storage expenses		5,054			4,500			4,492			4,215			3,985			3,398			3,071			2,927			3,074			5,114
Customer service and informational		4,677			4,142			2,962			2,646			2,484			2,523			2,842			1,285			1,064			1,047
Sales		15			6			65			111			431			342			266			286			136			340
Total operations and maintenance expenses	$	384,914		$	369,979		$	358,498		$	354,943		$	348,942		$	338,660		$	331,208		$	320,803		$	314,437		$	290,800

GAS OPERATIONS SEGMENT
		AT DECEMBER 31,
CUSTOMERS BY CLASS		2013		2012		2011		2010		2009		2008		2007		2006			2005*		2004
Residential			1,824,008		1,796,929		1,780,155		1,758,557		1,744,481		1,738,202		1,732,573		1,704,456		1,635,115		1,537,434
Small commercial			77,848		76,800		76,633		76,746		77,416		78,190		77,970		76,962		75,549		72,953
Large commercial			1,076		1,118		1,433		1,185		1,263		1,314		1,310		1,219		1,222		1,221
Industrial / Other			333		308		320		328		320		343		347		370		386		383
Transportation			812		739		715		643		646		550		594		630		590		665
Total customers			1,904,077		1,875,894		1,859,256		1,837,459		1,824,126		1,818,599		1,812,794		1,783,637		1,712,862		1,612,656
ANNUAL CUSTOMER GROWTH RATE			1.5%		0.9%		1.2%		0.7%		0.3%		0.3%		1.6%		4.1%		6.2%		5.4%
SYSTEM THROUGHPUT BY CLASS	YEAR ENDED DECEMBER 31,
(In thousands of dekatherms)		2013		2012		2011		2010		2009		2008		2007		2006		2005		2004
Residential			74,133		65,505		71,877		70,470		66,974		70,499		69,806		67,760		65,047		66,717
Small commercial			29,804		27,067		30,392		30,094		29,423		31,455		31,067		30,986		30,007		30,384
Large commercial			10,276		11,658		11,226		11,183		11,724		12,512		12,756		12,826		11,184		10,490
Industrial / Other			5,021		4,783		5,021		5,892		7,262		9,770		10,353		14,924		15,654		16,386
Transportation			103,792		99,809		94,154		99,860		104,389		116,419		112,842		117,524		127,396		125,827
Total system throughput			223,026		208,822		212,670		217,499		219,772		240,655		236,824		244,020		249,288		249,804
OPERATING MARGIN BY CLASS**		YEAR ENDED DECEMBER 31,
(In thousands)		2013		2012		2011		2010		2009		2008		2007		2006		2005		2004
Residential		$	601,076	$	582,619	$	549,844	$	537,980	$	513,299	$	503,397	$	497,703	$	466,990	$	422,643	$	413,977
Small commercial			133,474		132,964		129,946		127,802		129,103		128,827		129,080		126,020		114,252		114,834
Large commercial			25,171		26,421		20,248		20,936		21,879		22,536		22,483		21,257		17,111		17,399
Industrial / Other			7,735		8,706		8,772		9,515		10,302		12,586		13,852		17,075		15,489		15,043
Transportation			96,697		91,416		81,067		79,499		73,630		68,072		65,454		62,064		57,631		55,033
Total operating margin		$	864,153	$	842,126	$	789,877	$	775,732	$	748,213	$	735,418	$	728,572	$	693,406	$	627,126	$	616,286
* Includes 19,000 customers associated with the acquisition of the South Lake Tahoe properties in April 2005.
** Includes allocations of miscellaneous, unbilled, and other operating revenues.

SOUTHWEST GAS CORPORATION
MARKET PRICE PER SHARE	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
High	$	56.03		$	46.08		$	43.20		$	37.25		$	29.48		$	33.29		$	39.95		$	39.37		$	28.07		$	26.15
Low		42.02			39.01			32.12			26.28			17.08			21.11			26.45			26.09			23.53			21.50
Close  [1]		55.91			42.41			42.49			36.67			28.53			25.22			29.77			38.37			26.40			25.40
	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
COMMON SHARES OUTSTANDING (in thousands)  [1]		46,356			46,148			45,956			45,599			45,092			44,192			42,806			41,770			39,328			36,794
DIVIDEND YIELD  [1]		2.4	%		2.8	%		2.5	%		2.7	%		3.3	%		3.6	%		2.9	%		2.1	%		3.1	%		3.2	%
DIVIDENDS DECLARED PER SHARE  [2]	$	1.32		$	1.18		$	1.06		$	1.00		$	0.95		$	0.90		$	0.86		$	0.82		$	0.82		$	0.82
PRICE / EARNINGS RATIO  [1]		17.81			14.67			17.34			16.01			14.63			18.01			15.11			18.54			22.96			15.78
RETURN ON EQUITY - TOTAL COMPANY  [2]		10.6	%		10.4	%		9.3	%		9.1	%		8.1	%		6.0	%		8.8	%		10.3	%		5.9	%		8.5	%
RETURN ON EQUITY - GAS SEGMENT ONLY  [2]		9.6	%		9.6	%		8.0	%		8.5	%		7.8	%		5.6	%		8.1	%		9.2	%		4.8	%		7.6	%
BOOK VALUE PER SHARE  [1]	$	30.51		$	28.39		$	26.68		$	25.60		$	24.44		$	23.48		$	22.98		$	21.58		$	19.10		$	19.18
GAS OPERATIONS SEGMENT
	YEAR ENDED DECEMBER 31,
HEATING DEGREE DAY COMPARISON	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
Actual		1,918			1,740			2,002			1,998			1,824			1,902			1,850			1,826			1,735			1,953
Ten-year average		1,876			1,866			1,888			1,876			1,882			1,893			1,936			1,961			1,956			1,913
	2013			2012			2011			2010			2009			2008			2007			2006			2005			2004
NUMBER OF GAS SEGMENT EMPLOYEES  [1]		2,220			2,245			2,298			2,349			2,423			2,447			2,538			2,525			2,590			2,548
CUSTOMERS / EMPLOYEE  [1]		858			836			809			782			753			743			714			706			661			633
OPERATIONS & MAINTENANCE EXPENSE / CUSTOMER [2]	$	206		$	200		$	196		$	196		$	194		$	188		$	186		$	185		$	191		$	187
WEIGHTED AVERAGE COST OF GAS (per therm)  [2]	$	0.42		$	0.42		$	0.58		$	0.62		$	0.71		$	0.84		$	0.81		$	0.79		$	0.71		$	0.57
CONSTRUCTION EXPENDITURES (in thousands)  [2]	$	314,578		$	308,951		$	305,542		$	188,379		$	212,919		$	279,254		$	312,412		$	305,914		$	258,547		$	274,748
[1]   At December 31,
[2]   For the year ended December 31,

GAS OPERATIONS SEGMENT
Transportation Volumes and Operating Margin
		DEKATHERMS		OPERATING		DEKATHERMS		OPERATING
DIVISION/CUSTOMER TYPE		TRANSPORTED		MARGIN		TRANSPORTED		MARGIN
		Twelve Months Ended 12-31-13				Twelve Months Ended 12-31-12
Southern Nevada
	Commercial		9,043,389	$	8,749,240		7,820,854	$	8,378,605
	Industrial		4,145,612		2,995,081		3,724,069		2,920,092
	Power Generation		51,760,302		14,146,474		49,418,614		13,922,930
Southern Nevada Totals			64,949,303	$	25,890,795		60,963,537	$	25,221,627
Northern Nevada (1)
	Commercial		1,542,032	$	766,903		1,575,187	$	751,408
	Industrial		6,180,536		1,717,893		6,158,791		1,997,924
	Power Generation		4,453,373		2,523,917		4,805,329		2,669,778
	Resale		11,010,976		22,385,439		10,270,375		22,722,529
Northern Nevada Totals			23,186,917	$	27,394,152		22,809,682	$	28,141,639
(1)	Includes transportation customers of Paiute Pipeline Company, a wholly owned subsidiary of Southwest Gas Corporation.

GAS OPERATIONS SEGMENT
Transportation Volumes and Operating Margin
	DEKATHERMS		OPERATING		DEKATHERMS		OPERATING
DIVISION/CUSTOMER TYPE	TRANSPORTED		MARGIN		TRANSPORTED		MARGIN
	Twelve Months Ended 12-31-13				Twelve Months Ended 12-31-12
Southern Arizona
Commercial		974,254	$	2,906,744		902,408	$	2,406,889
Industrial		461,720		808,394		875,863		1,039,227
Power Generation		1,693,769		3,586,103		1,727,627		3,554,904
Irrigation		815,163		3,146,623		260,008		532,740
Southern Arizona Totals		3,944,906	$	10,447,864		3,765,906	$	7,533,760
Central Arizona
Commercial		3,738,521	$	9,152,385		3,215,738	$	7,582,135
Industrial		3,671,297		8,399,715		3,548,257		7,820,972
Power Generation		692,266		1,128,029		789,864		1,268,959
Irrigation		2,445,735		3,889,898		2,273,861		3,697,496
Central Arizona Totals		10,547,819	$	22,570,027		9,827,720	$	20,369,562

GAS OPERATIONS SEGMENT
Transportation Volumes and Operating Margin
		DEKATHERMS		OPERATING		DEKATHERMS		OPERATING
DIVISION/CUSTOMER TYPE		TRANSPORTED		MARGIN		TRANSPORTED		MARGIN
		Twelve Months Ended 12-31-13				Twelve Months Ended 12-31-12
Southern California
	Commercial		503,238	$	727,366		525,603	$	663,679
	Industrial		157,507		304,678		199,950		218,039
	Power Generation		501,907		525,913		1,717,068		1,066,847
Southern California Totals			1,162,652	$	1,557,957		2,442,621	$	1,948,565
Total Company (1)
	Commercial		15,801,434	$	22,302,638		14,039,790	$	19,782,716
	Industrial		14,616,672		14,225,761		14,506,930		13,996,254
	Power Generation		59,101,617		21,910,436		58,458,502		22,483,418
	Resale		11,010,976		22,385,439		10,270,375		22,722,529
	Irrigation		3,260,898		7,036,521		2,533,869		4,230,236
TOTAL COMPANY			103,791,597	$	87,860,795		99,809,466	$	83,215,153
(1)	Includes transportation customers of Paiute Pipeline Company, a wholly owned subsidiary of Southwest Gas Corporation.