Our Low-Carbon Pathway

37 GROWING WATER SYSTEMS Investing in Safety, Reliability • Five-year maintenance cap-ex expected to be $65 million (2022-2026) • Investments in system reliability • Focus on information technology • New wastewater treatment plant in Sunriver Projected PP&E Growth1 In millions Strong Customer Growth • . • Acquired utilities in fast-growing areas Additional opportunities near existing footprint Including acquisitions closed in 2021, 30% customer growth last year Organic customer growth of 3% in 2021 Projected Organic Customer Growth In thousands $62 14% CAGR $118 2.5% CAGR 30.5 26.9 2021 2026 2021 2026 1 PP&E growth for water utilities owned as of 12/31/21 NW Natural WATER™

View entire presentation