NW Natural and other parties filed a settlement with the Public Utility Commission of Oregon (OPUC) on June 23, 2025, addressing the revenue requirement components of its general rate case. The settlement proposes a $21.3 million, or 2.5%, increase in annual revenue requirement over current rates, including a $4.8 million increase related to an updated depreciation study.
New rates in Oregon are expected to take effect on October 31, 2025. The settlement includes a capital structure of 50% common equity and 50% long-term debt, a 9.5% return on equity, and an overall cost of capital of 7.12%. The company expects a rate base of approximately $2.2 billion, representing an increase of $144 million since the last rate case.
This settlement is crucial for NW Natural to recover investments and ensure a strong return on capital, supporting ongoing system modernization and reliability upgrades. The agreement is subject to review and approval by the OPUC, providing a clear path for future revenue generation.
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