Fixed-Income Investor Presentation
8
CONSERVATIVE STRATEGY
Stable gas and water utility margins through
progressive regulation
Stable
Utility
Margins
•
Weather, decoupling and environmental cost
recovery mechanisms as well as a renewable natural gas
automatic adjustment clause in Oregon
Constructive relationships with regulators and
customer groups benefit both gas utility
Excellent operations and efficient cost structure
Commitment to safety, reliability, and high-quality service
• Continued focus on efficient business operations
Long-term growth opportunities that fit NWN's profile
•
Strong cap-ex profile with attractive service territory
• Focused on decarbonizing energy through investment and procurement of
renewable natural gas for the utility
Efficient
Cost
BUSINESS Structure
STRATEGY
Low-Risk
Growth
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