NW Natural (NYSE: NWN) is a 149-year-old natural gas local distribution and storage company headquartered in Portland, Oregon, with a customer growth rate well above the national average. NW Natural serves more than 652,000 customers in Oregon and southwest Washington, including the Portland-Vancouver metropolitan area, the Willamette Valley, the Oregon coast and the Columbia River Gorge. In keeping with its steady growth, the company has increased dividends paid to shareholders for 52 consecutive years, a feat matched by few publicly traded companies. NW Natural purchases natural gas for its core market from a variety of suppliers in the western United States and Canada. The company operates gas storage facilities in its service territory, contracts for additional gas storage outside its service territory, and provides gas storage services to other energy companies in the Northwest. NW Natural is developing a new gas storage facility at Gill Ranch near Fresno, California, and plans to develop a new natural gas transmission pipeline from central Oregon to northwest Oregon providing enhanced gas deliverability and reliability for the region. |
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