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Stock impact report

NW Natural Begins New Service to Supplement Renewable Energy

Northwest Natural Holding Company (NWN) 
Last northwest natural holding company earnings: 8/6 06:00 am Check Earnings Report
US:NYSE Investor Relations: nwnatural.com/aboutnwnatural
Company Research Source: GlobeNewswire
PORTLAND, Ore., May 31, 2019 (GLOBE NEWSWIRE) -- NW Natural Holding Company’s (NYSE: NWN) subsidiary, NW Natural has completed its North Mist Expansion Project and is now providing no-notice storage to Portland General Electric’s (NYSE: POR) Port Westward plants to balance renewable power on the grid. “We’ve worked diligently to complete this innovative, one-of-a-kind service. I’m proud of everyone involved as we place one of the largest projects in our utility’s history into service,” said David H. Anderson, president and CEO of NW Natural. “We believe this is an important step in supporting our region’s move to more renewable power while also enhancing grid reliability.” The $149 million project includes a compressor station, a 13-mile pipeline, and a new 3 Bcf reservoir. Through this storage service, PGE will be able to draw on its natural gas resources from NW Natural’s facilities in Mist, Ore. to meet its fueling needs and rapidly respond to peak demand and variability of win Show less Read more
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