This photo taken June 12, 2014 shows Dominion Energy's Cove Point LNG Terminal in Lusby, Md. Richmond, Virginia-based Dominion wants to build the $3.8 billion project at its existing Cove Point liquefied natural gas terminal on the bay, which the company used for years to import natural gas. Now, thanks to a boom in natural gas fueled by hydraulic fracturing, Dominion has contracts to export natural gas to Japan and India, where gas prices are higher than in the U.S. (AP Photo/Cliff Owen)
Power company Southwest Gas Holdings Inc. is moving forward with the carve-out of its infrastructure services business about two years after announcing the split, following a spat with billionaire activist investor Carl Icahn.
Centuri Holdings Inc. plans to go public on the New York Stock Exchange, according to a filing Friday with the US Securities and Exchange Commission. The Phoenix-based business provides services to natural gas distribution and electricity utilities.
Southwest Gas said in 2022 that it would spin off the unit to better focus on its regulated natural gas business, after reaching a settlement with Icahn, who had objected to an acquisition it had made. Icahn Enterprises LP owns about 15% of Southwest Gas, data compiled by Bloomberg show.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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