Friday, June 5, 2020

Oregon customers to earn credit on June natural gas bills

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NW Natural is again issuing bill credits to its Oregon customers – this time for $16.3 million.

The average residential customer in Oregon will see a credit of roughly $16 on their June bill. Commercial customers will also see a cost savings. The average small commercial customer in Oregon can expect to receive $72.

“Natural gas is an efficient and reliable energy source for our region, and we’re proud to serve our customers with energy that also provides real value and savings,” NW Natural President and CEO David H. Anderson said.

For the past 15 years, NW Natural has issued about $140 million in bill credits to Oregon customers due to efficient pipeline capacity management and use of the company’s underground natural gas storage facility at Mist, Ore.

Washington customers also benefit from the company’s efficiencies. However, instead of showing up as a one-time credit, Washington customers’ credits are included in the monthly billing rate throughout the year.

About NW Natural

NW Natural provides natural gas service to approximately two million people in more than 140 communities through 750,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. It consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. 

NW Natural is part of Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), which is headquartered in Portland, Oregon and owns NW Natural, NW Natural Water Company, and other business interests and activities. 

NW Natural has 19 Bcf of storage in Oregon with 3 Bcf supporting renewables. NW Natural Holdings’ subsidiaries own and operate 34 Bcf of underground gas storage capacity.

NW Natural Water currently provides water distribution service to approximately 43,500 people through 17,400 connections. To date, NW Natural Water has acquired six water distribution utilities and a wastewater company with several additional acquisitions pending. Upon closing current outstanding transactions, cumulatively, NW Natural Water expects to have invested $70 million and serve nearly 45,000 people through approximately 18,000 connections in the Pacific Northwest.

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