|Bid||53.24 x 800|
|Ask||53.24 x 800|
|Day's Range||53.13 - 53.54|
|52 Week Range||43.07 - 57.63|
|Beta (5Y Monthly)||0.44|
|PE Ratio (TTM)||22.08|
|Earnings Date||Nov 03, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||1.93 (3.63%)|
|Ex-Dividend Date||Jul 28, 2022|
|1y Target Est||55.86|
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Oregon’s three natural gas distribution utilities — all investor-owned companies regulated by the Public Utility Commission — have filed for double-digit rate increases to take effect this November as they pass along rising wholesale prices. The hikes come on top of big increases last year and an impending general rate increase of nearly 10% for NW Natural (NYSE: NWN), which serves around 80% of natural gas customers in Oregon. The Citizens’ Utility Board, which represents residential ratepayers, said the cumulative increase for NW Natural customers would amount to 42.4% since last October.
News media may contact David Roy at 503-610-7157. Speaking this morning are David Anderson, president and chief executive officer; and Frank Burkhartsmeyer, senior vice president and chief financial officer.
NW Natural has made a preliminary regulatory filing to do a small but groundbreaking project to create “clean” hydrogen and add it in small doses to the gas system in part of its Eugene service area. The move comes as natural gas is under increasing scrutiny in Oregon, most notably in Eugene, where the City Council is contemplating limits on new gas hookups as part of a decarbonization plan. CEO David Anderson touted the project, which NW Natural and project partners began exploring a couple of years ago, in an earnings call on Thursday.