Our Low-Carbon Pathway
16
INVESTING IN GAS SYSTEM
Customer growth
• New construction & conversions
• Main extensions
Safety & Reliability
• Recurring replacements
• Enhanced system reliability to support growth
Technology
• Cybersecurity
• Efficiencies and upgrades
• Enterprise resource planning system
•
Customer information system
System Capital Expenditures 1
(In millions)
~$330
~$300
$304
30
Avg/Yr
9
$278
20
30
34
$248
24
15
65
30
45
55
$201
85
21
51
34
146
135
160
112
109
91
Facilities
• Resource and operations center renovations
Renewable Natural Gas (RNG)
Planned investments for gas utility under Senate Bill 98
The timing and amount of the core capital expenditures and projects for 2022 and the next five years could change based on regulation,
growth, and cost estimates. Additional investments in our infrastructure during and after 2022 that are not incorporated in the estimates
provided will depend largely on additional regulations, growth, and expansion opportunities. Required funds for the investments are
expected to be internally generated and/or financed with long-term debt or equity, as appropriate.
55
58
63
64
55
65
2018
2019
2020
■Customer Growth Safety and Reliability
2022
2021
2022F 2024F
Technology Facilities Regulated RNG
-
1 Chart is based on accrual cap-ex figures, includes cloud-based software, and excludes North Mist Gas Storage
Facility construction costs
Five-Year 2022-26 Cap-Ex Approximately $1.4 Billion
NW NaturalⓇView entire presentation