Our Low-Carbon Pathway
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INVESTMENT THESIS
Stable and growing utility margins driven by targets over the
next five years projections including:
• EPS growth of 4% - 6%1
• Gas utility customer growth averaging 1.5%+
Stable
Utility
Margins
•
Gas utility cap-ex $1.3 - $1.5 billion, projecting rate base growth
of 5% -7%2
BUSINESS
STRATEGY
Excellent operations and efficient cost structure
Commitment to safety, reliability, and high-quality service
• Continued focus on efficient business operations
Long-term growth opportunities
• Water strategy provides earnings diversity
•
Competitive RNG incremental earnings and cash flow growth
1
2
EPS growth forecasted for period 2022 - 2027 compounded annually; EPS growth rate uses mid-point of 2022 guidance range as base year
Rate base growth forecasted for period 2021 - 2026
Stable and Growing Return Proposition
Low-Risk
Growth
Efficient
Cost
Structure
NW Natural
HOLDINGS™View entire presentation