Alternative Fuels Could Fuel an Alternative Future for Natural Gas Local Distribution Companies
DBRS Morningstar believes that stricter carbon emission standards in more jurisdictions are likely to result in increased environmental risk for regulated natural gas local distribution companies (NGLDCs) and could have a negative credit impact. This puts added pressure on NGLDCs to begin the process of reducing the climate impact of their operations and products. One way they might be able to accomplish this is through the adoption of alternative fuels that do not cause the release of net carbon emissions, such as renewable natural gas (RNG) and hydrogen. This commentary provides a high-level overview of these two alternatives and their application for NGLDCs.
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