NWN Northwest Natural Gas Co.

Study Shows Natural Gas Is Key to Reaching Northwest Emission Reduction Goals

Study Shows Natural Gas Is Key to Reaching Northwest Emission Reduction Goals

Research by E3 Takes In-Depth Look at Decarbonization with Focus on Coldest Days

PORTLAND, Ore., Dec. 04, 2018 (GLOBE NEWSWIRE) -- A new study commissioned by NW Natural and conducted by independent consulting firm, Energy and Environmental Economics (E3), shows natural gas plays a pivotal role in helping the region meet dramatic emission reduction goals most affordably and reliably.

To date, all “deep decarbonization” studies agree that getting to an 80% carbon reduction goal by 2050 will be challenging and must involve using energy more efficiently, ramping up renewable resources, electrifying passenger vehicles, and aggressively developing biofuels, including renewable natural gas. But this is the first time a closer look has been taken at how energy needs can be met to serve homes and businesses on the coldest winter days in the Pacific Northwest.

The new research shows that by adding 25% renewable natural gas (RNG) into the existing natural gas system and delivering it to heat homes directly (versus using it to generate electricity), the region can achieve its climate goals without a substantial build out of new power plants. A report released in September by the Oregon Department of Energy shows the total amount of RNG that can be produced from the state’s waste streams, (including wastewater, landfills, animal, food and wood waste), far exceeds that amount.

“Renewable natural gas takes waste streams that produce emissions and puts them to use as clean energy, dramatically reducing greenhouse gasses that contribute to climate change,” said David H. Anderson, president and CEO of NW Natural. “The good news is that we already have plans in place to put RNG into our pipeline system, which is one of the most modern in the nation.”

NW Natural hired E3 to conduct an economy-wide deep decarbonization study for Oregon and Washington, based on E3’s experience pioneering this type of work in California and throughout the U.S. A key question addressed in this study is how NW Natural’s system can be used to ensure reliable energy on the coldest winter days while dramatically driving down greenhouse gas emissions over the next three decades.

“The natural gas system in the Pacific Northwest delivers more energy than the region’s entire hydroelectric system. It’s a critical asset to lowering emissions and it’s already in place,” added Anderson. “Today, natural gas sales to our residential and commercial customers accounts for about 5% of Oregon’s emissions. And with the innovations we’re already pursing, like renewable natural gas, NW Natural is poised to play a vital role in helping the communities we serve meet their climate goals and achieve deep decarbonization.”

More information on the E3 study, “Pacific Northwest Pathways to 2050,” can be found at 

. The Oregon Department of Energy 2018 Report to the Legislature, “Biogas and Renewable Natural Gas Inventory SB 334 (2017),” can be found at . Additional information from NW Natural can be found at .

About NW Natural

NW Natural provides natural gas service to approximately two million people in more than 140 communities through 740,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. It consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. 

NW Natural is part of Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), which is headquartered in Portland, Oregon and owns NW Natural, NW Natural Water Company, and other business interests and activities. 



NW Natural is currently constructing a 2.5 Bcf regulated gas storage expansion of its 16 Bcf facility in Oregon to support renewables. NW Natural Holdings' subsidiaries own and operate 31 Bcf of underground gas storage capacity.



NW Natural Water provides water distribution service to more than 17,000 people through 5,300 meters. To date, NW Natural Water has acquired four water distribution systems with one additional acquisition pending. Cumulatively, the company has committed approximately $67 million in the water and wastewater industry for nearly 16,700 connections in the Pacific Northwest.

Media Contact: Melissa Moore, 503-220-2436,  

EN
04/12/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Northwest Natural Gas Co.

Northwest Natural Holding Co: 1 director

A director at Northwest Natural Holding Co sold 7,468 shares at 47.949USD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...

 PRESS RELEASE

Honorable Dave McCurdy Joins NW Natural Holding Company Board of Direc...

Honorable Dave McCurdy Joins NW Natural Holding Company Board of Directors PORTLAND, Ore., June 22, 2020 (GLOBE NEWSWIRE) -- The board of directors of Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), elected the Honorable Dave McCurdy to the NW Natural Holdings board starting July 1, 2020. He also joins the board of subsidiary NW Natural Gas Company (NW Natural). Until 2019, McCurdy spent eight years as president and CEO of the American Gas Association (AGA), which represents over 200 natural gas energy and pipeline utilities. Prior to that, he held positions as pres...

 PRESS RELEASE

NW Natural Holdings Reports First Quarter 2020 Results

NW Natural Holdings Reports First Quarter 2020 Results PORTLAND, Ore., May 08, 2020 (GLOBE NEWSWIRE) -- Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), reported financial results and highlights including: Reported first quarter 2020 earnings of $1.58 per share from continuing operations, compared to earnings of $1.50 per share and adjusted earnings1 of $1.73 per share for the same period in 2019Provided customers with essential natural gas and water utility services during coronavirus pandemic (COVID-19)Added more than 12,400 natural gas meters over the last 12 mont...

 PRESS RELEASE

NW Natural Holdings Recognized for Gender Diversity in the Boardroom

NW Natural Holdings Recognized for Gender Diversity in the Boardroom PORTLAND, Ore., May 06, 2020 (GLOBE NEWSWIRE) -- For the third consecutive year, Northwest Natural Holding Company (NYSE: NWN), was recognized by 2020 Women on Boards as a Winning "W" company for 2019. Women on Boards is a non-profit dedicated to creating gender diversity at the executive level and urges corporations to meet or exceed 20% women on their boards by the year 2020. Due to its high percentage of female board members, NW Natural Holdings was recognized as a “shining example of enlightened business leadership...

 PRESS RELEASE

NW Natural Holdings Schedules Earnings Release and Conference Call for...

NW Natural Holdings Schedules Earnings Release and Conference Call for Friday, May 8 PORTLAND, Ore., April 20, 2020 (GLOBE NEWSWIRE) -- Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) announced today it will issue its first quarter 2020 earnings release and conduct an analyst conference call and webcast to review results at 8 a.m. Pacific Time (11 a.m. Eastern Time) on Friday, May 8, 2020. To hear the conference by webcast, log on to NW Natural Holdings’ corporate website at . To hear the conference call by phone, please dial 1-866-267-6789 within the United States an...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch