Last $46.64 USD
Change Today -0.14 / -0.30%
Volume 91.7K
NWN On Other Exchanges
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

220 NW Second Avenue

Portland, OR 97209

United States

Phone: 503-226-4211

Fax:

Northwest Natural Gas Company engages in the distribution of natural gas in Oregon, Washington, and California. Segments The company segments include Local Gas Distribution (Utility), Gas Storage, and Other. UTILITY This segment engages in the distribution of natural gas in Oregon and southwest Washington. This segment engages in building and maintaining a pipeline distribution system; purchasing gas from producers and marketers; contracting for the upstream transportation of gas through pipelines from regional supply basins into the company’s service territory; reselling gas commodity to customers subject to rates, terms and conditions approved by the Public Utility Commission of Oregon (OPUC) or by the Washington Utilities and Transportation Commission (WUTC); and transporting gas commodities owned by customers from an interstate pipeline connection, or city gate, to the customers' facilities for a fee. The company’s service area as allocated to the company by the OPUC includes a major portion of western Oregon, including the Portland metropolitan area, majority of the Willamette Valley, and the coastal area from Astoria to Coos Bay. The company provides gas service in 125 cities and neighboring communities in 15 Oregon counties, as well as in 16 cities and neighboring communities in 3 Washington counties. It serves residential, commercial and industrial customers in these service areas. Industries that the company serves include pulp, paper, and other forest products; the manufacture of electronic, electrochemical, and electrometallurgical products; the processing of farm and food products; the production of various mineral products; metal fabrication and casting; the production of machine tools, machinery and textiles; the manufacture of asphalt, concrete and rubber; printing and publishing; nurseries; government and educational institutions; and electric generation. As of December 31, 2012, the company had approximately 686,000 utility customers, including 621,000 residential, 64,000 commercial, and 1,000 industrial customers. Underground Storage: A portion of the company’s daily and seasonal peaking supplies to core utility customers are from its underground gas storage facility in the Mist gas storage field. This facility has a maximum daily deliverability of 5.2 million therms and a total working gas capacity of approximately 16 billion cubic feet (Bcf), which includes the capacity reserved for core utility customers, as well as the capacity used for non-utility service. The company has contracts with Northwest Pipeline, a subsidiary of The Williams Companies, for firm gas storage at the Jackson Prairie underground facility near Chehalis, Washington, which provides the company with daily firm deliverability of approximately 0.5 million therms and total seasonal capacity of approximately 1.1 Bcf. In addition, it contracts for underground storage service in Alberta, Canada for amounts totaling approximately 2 Bcf. Liquefied Natural Gas (LNG) Storage: The company owns and operates two LNG storage facilities in its Oregon service territory that liquefy gas for storage during off-peak months so that it is available for withdrawal during periods of peak demand. These 2 facilities provide a maximum combined daily deliverability of 1.8 million therms and a total seasonal capacity of 1.5 Bcf. In addition, it has a contract for firm gas storage from a LNG facility in Plymouth, Washington, which provides the company with daily firm deliverability of approximately 0.6 million therms and total seasonal capacity of approximately 0.5 Bcf. Strategy This segment’s gas supply strategy is to secure sufficient supplies of natural gas to meet the needs of the company’s customers and to hedge gas prices so that it could effectively manage costs, reduce price volatility, and maintain a competitive advantage. Regulation and Rates This segment is subject to regulation with respect to rates that the company charges to utility customers and systems of accounts by State commissions, which include the OPUC and WUTC, as well as the Federal Energy Regulatory Commission (FERC). GAS STORAGE This segmen

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NWN

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Valuation NWN Industry Range
Price/Earnings 20.8x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 9.2x
TEV/Sales 0.6x
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