JCP Investment reports 5.0% stake in Gas Natural JCP Investment has engaged and intends to continue to engage in discussions with the company’s management and board of directors regarding the composition of the Board generally and means to enhance stockholder value.
Gas Natural receives positive outcome with Montana PSC ruling Gas Natural announced that it has received approval from the Montana Public Service Commission, or MPSC, on its application related to dividend payments from its subsidiary Energy West, Incorporated, or EWI, which operates a Montana-regulated public utility. The MPSC has approved the company's request for EWI to reinstate its regular monthly dividends to the company. The MPSC also approved payment from EWI to the company of a special dividend of $2.2M from the proceeds from the sale of EWI subsidiary Energy West Wyoming and the assets of Energy West Development, which were completed on July 1. The payment of the special dividend from EWI to the company has been completed and a portion of the proceeds were used to repay the remaining $2.0M balance on its $5M bridge loan.