OPUC approves $93.3M rate increase; $13.7M charge leads to guidance cut

Northwest Natural Holding Co

OPUC approved a $93.3M revenue requirement increase, down from $154.9M requested.
Rate base reduced by $13.7M for undepreciated line extension costs, causing a $0.26/share after-tax charge in Q4 2024.
2024 GAAP EPS guidance revised down to $1.94-$2.14 from $2.20-$2.40; non-GAAP unchanged.
Approved ROE of 9.4% on a 50% equity capital structure; new rates effective Nov 1, 2024.
Line extension allowance phased out by Nov 1, 2027, as previously ordered.

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