Recent Updates — NWN
On September 3, 2026, Northwest Natural Gas Company issued $120 million in aggregate principal amount of First Mortgage Bonds to institutional investors. The issuance consists of $60 million in 5.62% Series bonds maturing on September 3, 2036, and $60 million in 6.26% Series bonds maturing on September 3, 2056. Interest is payable semi-annually starting March 3, 2027. The company operates as a regulated natural gas utility.
Northwest Natural Holding Co.'s subsidiary, Northwest Natural Gas Company, received a regulatory order from the Washington Utilities and Transportation Commission approving a general rate increase settlement effective August 1, 2026. The approval resolves all issues in the Rate Case, including preserving the line extension allowance, and authorizes revenue increases of $20.1 million in Year 1 (August 2026), $7.5 million in Year 2 (August 2027), and $7.4 million in Year 3 (August 2028). The order assumes a capital structure of 50% long-term debt and 50% common equity, with a return on equity of 9.5%. Northwest Natural Holding Co. operates as a regulated utility company providing natural gas distribution services.
Northwest Natural Holding Company issued $50 million in 5.35% Senior Notes due 2031 and agreed to issue $10 million in 5.35% Senior Notes due 2031 and $60 million in 5.83% Senior Notes due 2036. Additionally, its subsidiary, NW Natural Water Company, LLC, issued $33 million in 5.15% Senior Notes due 2031 and $42 million in 5.58% Senior Notes due 2036. The proceeds from these issuances are intended for general corporate purposes and the repayment of existing indebtedness.