Flexible Renewable Storage Potential
GROWING WATER UTILITIES
Increased Connections Four Fold
Projected PP&E Growth*
In millions
9.5%
$77
•
Today, NW Natural Water serves 4x the connections than it
started with in Dec. 2017 with its initial transactions
• NW Natural Water serves 67,000 people today through more than
27,000 water and wastewater connections
Expanding Footprint
.
Began strategy with two acquisitions in Pacific Northwest
.
Today also own a water utility in Texas, proving transaction
CAGR
$49
2020
2025
41
capability beyond legacy service territory
Recently signed agreement for water & wastewater utility in
Arizona
Strong Organic Growth
• Utilities in fast-growing areas with tuck-in potential
Organic customer growth of 2.8% in 2020
Continued Disciplined Acquisition Strategy
• Intend to continue rolling up utilities near existing platform, while
also exploring other high growth regions
2021-2025 Planned Cap-Ex*
Texas 6%
Washington
15%
Idaho 24%
Oregon
55%
$40 - $50 Million Planned
*Projections do not include PP&E or maintenance cap-ex
associated with pending acquisitions
NW Natural
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