Home Must Reads NW Natural reaches cleanup deal

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

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

Innovation: a critique

News
Wednesday, October 08, 2014
1008 innovation thumbBY LINDA BAKER | OB EDITOR

A Design Week panel discussion raises questions about how innovative we really are.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
14BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


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