Oregon customers will receive credits on their June bills

Media Contact: Melissa Moore, NW Natural melissa.moore@nwnatural.com, 503-818-9845 (pager)

FOR IMMEDIATE RELEASE

June 1, 2017

 

Oregon customers will receive credits on their June bills

Underground storage, pipeline efficiencies benefit NW Natural customers

PORTLAND, Ore. — NW Natural (NYSE:NWN) once again is issuing credits to Oregon customers on their June bills. Each year, customers benefit from NW Natural's efficient use of underground natural gas storage facilities and pipeline capacity.

"By using our assets wisely and efficiently, we help keep customers' bills low year-round, plus we're able to provide a credit on June bills," said David H. Anderson, NW Natural president and CEO.

This year's total Oregon credit equals approximately $11.6 million. The average residential customer will see a credit of about $12, and the average small commercial customer's credit will be about $52.

The credits result from efficient pipeline capacity management and effective use of the company's underground natural gas storage facility at Mist, Oregon, during 2016. The technique used to make the most of these resources is called "optimization."

Washington customers benefit from optimization as well. Instead of showing up as a one-time credit on Washington bills, however, the credit is distributed throughout the year in the form of lower gas costs.

In the last 11 years, Oregon customers have received more than $105 million in bill credits from optimized pipeline and storage capacity.

About NW Natural

NW Natural (NYSE:NWN) is headquartered in Portland, Ore., and provides natural gas service to about 730,000 residential, commercial and industrial customers in Oregon and Southwest Washington. It is the largest independent natural gas utility in the Pacific Northwest. Additional information is available at www.nwnatural.com.

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