PORTLAND, Ore. —
NW Natural has filed its Purchased Gas Adjustment request with the Public Utility Commission of Oregon for new rates for Oregon customers. The annual PGA filing reflects two rate adjustments related to the cost of natural gas:
- A true-up of the prior year’s natural gas purchases.
- The cost of natural gas projected for the year ahead.
If approved, Oregon customers can expect to see new rates on monthly bills starting November 1:
- Rates for residential customers using an average of 54 therms per month will be about $2.31 more a month.
- Rates for small-commercial customers using 235 therms per month will be about $4.60 less a month.
Rate adjustments vary between types of customers because of differences in their rate structures.
For the year ahead, the cost of gas is once again projected to be lower due to the abundant, domestic supply of natural gas. In fact, the actual cost of gas is less than it was 15 years ago. For residential customers, those savings are offset by last year’s purchases which lead to a slight increase in their overall rate. This is the first price increase for residential customers after four consecutive years of rate reductions.
“Natural gas continues to be an affordable and efficient energy source. One that provides great value for our region’s energy system,” said David H. Anderson, NW Natural president and CEO. “We’re grateful to continue to serve our 750,000 customers, especially as we celebrate our 160th year of doing business.”
For more information, visit the Rates and Regulations section of nwnatural.com or call 503-226-4211 and ask for the Rates & Regulatory Department.
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.