Our Low-Carbon Pathway
CAPITAL ALLOCATION 2022-26
2022-26 Forecasted Capital Expenditures
(In millions)
2022-26 Forecasted Capital Expenditures
1,600
1,400
Regulated RNG
Water Utilities
1,200
Growth
Capex
1,000
Gas Utility
800
600
Replacement
Capex
400
200
0
16%
4%
5%
6%
24%
45%
■Customer Growth
Safety and Reliability
Regulated RNG
■ Facilities
■ Water Maintenance
45
2022-26 Capital Plan
⚫ 2022 Capital expenditures are expected to be in the
range of $310 million to $350 million
⚫ Capital expenditure expected to range $1.3 billion - $1.5
billion over the planning five-year period horizon of 2022-
26 driven by customer growth, safety & reliability and
technology
■ Technology
6% Expected Gas Utility
Rate Base Growth
Expected Water Infrastructure
Improvements $60-$70M
NW Natural
HOLDINGS™View entire presentation