NW Natural filed a request for a general rate increase with the Public Utility Commission of Oregon (OPUC) on December 30, 2024. The filing seeks a $59.4 million annual revenue requirement increase, which includes an approximately $10 million increase from a depreciation study.
The proposed increase in revenue requirement is based on an average rate base increase of $204 million compared to the last rate case. These investments are intended to support long-planned upgrades related to the safety and reliability of the natural gas system.
This regulatory action is significant for NW Natural as it aims to maintain financial health and continue providing reliable service amidst ongoing capital deployment. The outcome of this rate case will influence future revenue streams and investment recovery for the company.
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