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NW Natural Holdings Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Friday, February 23, 2024

2022 earnings per share were $2.54

Key Points:

2022 earnings per share were $2.54
"For over 165 years, NW Natural Holdings has provided essential energy to the communities it serves.
For 2023, NW Natural Holdings reported net income of $93.9 million (or $2.59 per share), compared to $86.3 million (or $2.54 per share) for 2022.
NW Natural Water launched its services business in April 2023 and completed a second acquisition in October 2023.
NW Natural Holdings' annual results by business segment are summarized in the table below:

Portland General Electric issues All-Source Request for Proposal for renewable and non-emitting energy projects to meet growing customer demand

Retrieved on:

Monday, February 5, 2024

Oregon Public Utility Commission, Integrated Resource Plan, History, Energy supply, OPUC, Portland General Electric, RFP, PGE, Renewable energy

PORTLAND, Ore., Feb. 5, 2024 /PRNewswire/ -- On Friday, February 2, Portland General Electric (PGE) issued to market its 2023 All-Source Request for Proposal (RFP), seeking bids for resources that can provide non-emitting dispatchable capacity and renewable generation projects. This RFP is PGE's largest open application process to date and is the first in the company's recent history to provide a flexible timeline for the start of operations. The scope and scale of this procurement process demonstrates PGE's commitment to reliability for customers during the clean energy transition.

Key Points:

PORTLAND, Ore., Feb. 5, 2024 /PRNewswire/ -- On Friday, February 2, Portland General Electric (PGE) issued to market its 2023 All-Source Request for Proposal (RFP), seeking bids for resources that can provide non-emitting dispatchable capacity and renewable generation projects.
The scope and scale of this procurement process demonstrates PGE's commitment to reliability for customers during the clean energy transition.
"Our aim is to attract broad participation from energy developers with projects that offer reliability, flexibility and maximum customer value."
More information about the RFP process, deadlines, and schedule, along with filed documents, can be found at portlandgeneral.com/rfp .

Avista receives approval of all-party, all-issues settlement in Oregon general rate case

Retrieved on:

Friday, October 27, 2023

Public utilities commission, OPUC, Commission, ROE, ROR, NYSE, Natural gas, Public utility

SPOKANE, Wash., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Public Utility Commission of Oregon (OPUC or Commission) of the settlement agreement that was filed on August 3, 2023, concluding the Company’s natural gas general rate case.

Key Points:

SPOKANE, Wash., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Public Utility Commission of Oregon (OPUC or Commission) of the settlement agreement that was filed on August 3, 2023, concluding the Company’s natural gas general rate case.
The approved rates are designed to increase annual natural gas revenues by $7.16 million or 4.7%, effective Jan. 1, 2024.
The settlement capital structure includes a 9.5% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.235%.
“The Commission’s decision provides new natural gas rates in Oregon that are reasonable for our customers, the Company and our shareholders,” said Dennis Vermillion, Avista president and CEO.

NW Natural Holdings Reports Fourth Quarter and Full Year 2022 Results

Retrieved on:

Friday, February 24, 2023

Power Gas Utility Residential Customer Satisfaction Study, making this the 19th consecutive year customers have ranked NW Natural among the top two utilities

Key Points:

Power Gas Utility Residential Customer Satisfaction Study, making this the 19th consecutive year customers have ranked NW Natural among the top two utilities
New rates went into effect on Nov. 1, 2022 related to Oregon and Washington NW Natural general rate cases
Closed our largest water and wastewater acquisition to date in Yuma, Arizona increasing NW Natural Water's customer base by approximately 70% and bringing total connections to approximately 62,500 at Dec. 31, 2022
Expect renewable natural gas (RNG) facilities, in which NW Natural Renewables is investing, to begin producing commercial volumes in the second quarter of 2023
"In 2022, NW Natural Holdings demonstrated our continued commitment toward decarbonization, diversification and growth and delivered strong financial performance," said David H. Anderson, president and CEO of NW Natural Holdings.
For 2022, NW Natural Holdings reported net income of $86.3 million (or $2.54 per share), an increase of $7.6 million or 10%, compared to $78.7 million (or $2.56 per share) for 2021.
NW Natural Renewables Holdings, LLC (NW Natural Renewables), a competitive RNG business, is investing a combined $50 million in two RNG facilities owned by EDL.
NW Natural Holdings' annual results by business segment are summarized in the table below:

PGE Plans To Nearly Triple Clean Resources By 2030

Retrieved on:

Friday, October 15, 2021

To create the clean energy future Oregonians want, PGE estimates by 2030 it will nearly triple the amount of clean and renewable energy serving customers.

Key Points:

To create the clean energy future Oregonians want, PGE estimates by 2030 it will nearly triple the amount of clean and renewable energy serving customers.
To achieve the 2030 goal, PGE, in addition to removing coal from its portfolio, will need approximately 1,500 2,000 MW of clean and renewable resources and approximately 800 MW of non-emitting dispatchable capacity resources.
Starting today, together with its customers, PGE is seeking approximately 1,000 MW2 of resources by initiating its RFP public process.
For customers, PGE expects to bring on approximately 375 - 500 MW of renewable resources, the equivalent of powering an average of 135,000 homes.