NW Natural's Texas Unit Settles Rate Case for $8.6M Revenue Boost
NWN is trading near its 52-week low of $42.375 (13% above the low).
Summary
SiEnergy, NW Natural's Texas subsidiary, reached a settlement in its general rate case proposing an $8.6M annual revenue increase, a 9.8% ROE, and an 8.0% cost of capital. The rate base is set at $343M, up $177M since 2023, with a 59.75% equity capital structure. New rates are expected in November 2026 pending Railroad Commission of Texas approval. This follows the $20.1M Washington rate increase approved in July and adds another regulated earnings uplift. The settlement also positions SiEnergy for GRIP filings, enabling interim rate adjustments tied to capital spending. While the $8.6M is below the $12.0M request, it is accretive and supports the company's Texas growth strategy.
At the time of this announcement, NWN was trading at $47.79 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $42.38 to $55.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.