[Federal Register Volume 69, Number 226 (Wednesday, November 24, 2004)]
[Notices]
[Pages 68423-68424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E4-3331]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Southwest Gas 
Corporation To Withdraw Its Common Stock, $1.00 Par Value, From Listing 
and Registration on the Pacific Exchange, Inc. File No. 1-07850

November 18, 2004.
    On November 3, 2004, Southwest Gas Corporation, a Nevada 
corporation (``Issuer''), filed an application with the Securities and 
Exchange Commission (``Commission''), pursuant to Section 12(d) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 12d2-2(d)

[[Page 68424]]

thereunder,\2\ to withdraw its common stock, $1.00 par value 
(``Security''), from listing and registration on the Pacific Exchange, 
Inc. (``PCX'').
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    \1\15 U.S.C. 78l(d).
    \2\17 CFR 240.12d2-2(d).
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    The Board of Directors of the Issuer approved a resolution on May 
5, 2004 to withdraw the Issuer's Security from listing on the PCX. The 
Issuer states that the reasons for its decision to withdraw its 
Security from the PCX are as follows: (i) The Issuer needs to reduce 
costs, as well as administrative time and expense, associated with 
having its Security listed on multiple exchanges; (ii) the common stock 
is also listed on the New York Stock Exchange, Inc. (``NYSE'') which 
maintains the principal listing of the Issuer's common stock; (iii) 
since the Issuer is listed on more than one exchange, the Issuer has 
been paying listing and other fees and expenses associated with 
maintaining its listing on both exchanges; (iv) the Issuer's management 
has been required to focus on the listing and maintenance rules, as 
well as ongoing amendments to the rules and regulations of both 
exchanges; this, combined with the changing regulatory landscape that 
all public companies face as the result of the Sarbanes-Oxley Act of 
2002, incrementally increased the amount of administrative time and 
expense that management has spent in connection with maintaining the 
listing of the Issuer's Security; and (v) by withdrawing the Security 
from the PCX, the Issuer will be able to lessen the administrative 
burden currently faced by the Issuer's management and reduce the 
related expenses.
    The Issuer stated in its application that it has complied with 
applicable rules of the PCX Rule 5.4(b), by complying with all 
applicable laws in effect in the State of Nevada and by providing the 
PCX with the required documents governing the removal of securities 
from listing and registration on the PCX. The Issuer's application 
relates solely to the withdrawal of the Security from listing on the 
PCX and shall not affect its continued listing on the NYSE or its 
obligation to be registered under Section 12(b) of the Act.\3\
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    \3\ 15 U.S.C. 78l(b).
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    Any interested person may, on or before December 14, 2004 comment 
on the facts bearing upon whether the application has been made in 
accordance with the rules of the PCX, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:

Electronic Comments

     Send an e-mail to [email protected]. Please include 
the File Number 1-07850 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW., 
Washington, DC 20549-0609. All submissions should refer to File Number 
1-07850. This file number should be included on the subject line if e-
mail is used. To help us process and review your comments more 
efficiently, please use only one method. The Commission will post all 
comments on the Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). Comments are also available for public inspection 
and copying in the Commission's Public Reference Room, 450 Fifth 
Street, NW., Washington, DC 20549. All comments received will be posted 
without change; we do not edit personal identifying information from 
submissions. You should submit only information that you wish to make 
available publicly.
    The Commission, based on the information submitted to it, will 
issue an order granting the application after the date mentioned above, 
unless the Commission determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\4\
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    \4\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
 [FR Doc. E4-3331 Filed 11-23-04; 8:45 am]
BILLING CODE 8010-01-P