NW Natural settles Oregon rate case for $95M revenue increase, down from $154.9M request

Northwest Natural Holding Co

Stipulation filed with OPUC provides $95.0M annual revenue increase, including $9.6M for updated depreciation study.
Original rate case request was $154.9M; settlement assumes 9.4% ROE and 7.056% cost of capital.
Average rate base set at $2.11B, up $357M since last case; capital structure 50% equity, 50% debt.
New rates expected effective November 1, 2024, subject to OPUC approval; remaining issues still in litigation.

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