Sponsored by Oregon Business

NW Natural reaches cleanup deal

| Print |  Email
Must Reads
Monday, July 15, 2013

Northwest Natural Gas reached an agreement with the Oregon Public Utility Commission on how to charge ratepayers for Portland Harbor cleanup costs.

The gas company manufactured gas near the St. Johns Bridge between 1913 and 1956, and now has to recover pollution cleanup costs from current ratepayers.

The liability is unknown. The range of estimates for the total superfund cleanup are vast: from $200 million to $1.8 billion, depending on how much expensive dredging is required. The costs will also be spread in a complex allocation among more than 100 potentially responsible parties during the next few decades, and those parties are wrangling with their insurance companies. The Environmental Protection agency is still settling on the best method and scope of the cleanup.

The company expects the average residential ratepayer would see a nominal increase in monthly costs of about 1.6 percent, while commercial customers would see a 1.5 percent bump. The company's annual gas cost adjustment includes a variety of other moving parts that could impact rates up or down, however, so its impossible to say what rates will do in November.

Read more at OregonLive.com.

{biztweet}nw natural{/biztweet}

 

More Articles

Are wolves good for business?

Contributed Blogs
Friday, March 06, 2015
030615-wolf-thumbBY JEFF DELKIN | OP-ED CONTRIBUTOR

As a local business owner, I believe it’s important to build our economy on a platform of conservation values.  


Read more...

Emperor of the Sea

April 2015
Friday, March 27, 2015
BY COURTNEY SHERWOOD | Photos by Jason E. Kaplan

Pacific Seafood, one of the world’s largest processors, is rebranding as a more transparent and consumer-friendly operation. A controversial CEO and monopoly accusations from coastal fishermen complicate the tale.


Read more...

Bike Chic: 7 stylish options for cyclists

April 2015
Thursday, March 26, 2015

Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.


Read more...

10 Oregon companies positioning themselves for growth

The Latest
Friday, March 13, 2015
vcthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Ten startups have secured venture capital, angel or seed funding in 2015.


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

Uncertainty about convention center hotel could cost Portland an NBA All-Star Game

The Latest
Wednesday, February 18, 2015
463545460BY JACOB PALMER | OB DIGITAL NEWS EDITOR

NBA commissioner: "I would love to end up having an All-Star Game in Portland. It's really just a function of ensuring that we can fit in town."


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS