form8k92908.htm


 


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) September 24, 2008


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 1.01
Entry into a Material Definitive Agreement.
Item 1.02
Termination of a Material Definitive Agreement.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On September 24, 2008, Clark County, Nevada issued, for the benefit of Southwest Gas Corporation, $50 million in JPMorgan Chase Bank letter of credit enhanced variable-rate Industrial Development Revenue Bonds (“IDRBs”) (Southwest Gas Corporation Project) Series 2008A pursuant to a financing agreement and indenture.  The Series 2008A IDRBs were issued at par and are due March 1, 2038.

On September 29, 2008, the proceeds from the Series 2008A IDRBs were used by Southwest to redeem the Clark County, Nevada (Southwest Gas Corporation Project) Series 2003B variable-rate IDRBs (originally due March 2038) in the aggregate principal amount of $50 million.  The Series 2003B IDRBs were redeemed because of their failed auction rate status.



 
 
 


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: September 29, 2008
  
 
/s/ ROY R. CENTRELLA
 
Roy R. Centrella
 
Vice President/Controller and
 
Chief Accounting Officer