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

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


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...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


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