| Business Summary | | Northwest
Natural
Gas
Company
principally
is
engaged
in
the
distribution
of
natural
gas.
The
Oregon
Public
Utility
Commission
has
allocated
to
NW
Natural
as
its
exclusive
service
area
a
major
portion
of
western
Oregon,
including
the
Portland
metropolitan
area,
most
of
the
Willamette
Valley
and
the
coastal
area
from
Astoria
to
Coos
Bay.
NW
Natural
also
holds
certificates
from
the
Washington
Utilities
and
Transportation
Commission
granting
it
exclusive
rights
to
serve
portions
of
three
Washington
counties
bordering
the
Columbia
River.
Gas
service
is
provided
in
96
cities,
together
with
neighboring
communities,
in
17
Oregon
counties,
and
in
nine
cities,
together
with
neighboring
communities,
in
three
Washington
counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Northwest
Natural
Gas
Company
distributes
gas
to
communities
in
western
Oregon
and
southwestern
Washington.
For
the
six
months
ended
6/30/01,
revenues
increased
22%
to
$332.1
million.
Net
income
from
continuing
operations
applicable
to
Common
fell
3%
to
$29.6
million.
Revenues
reflect
rapid
customer
growth
and
lower
property
tax
amortization.
Earnings
were
offset
by
higher
prevailing
prices
in
the
natural
gas
commodity
market
and
lower
interest
income. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Richard Reiten, 60 Chairman,
CEO | $613K | Mark Dodson, 56 Pres,
COO | 245K | Michael McCoy, 56 Exec.
VP, Customer and Utility Operations | 271K | Bruce DeBolt, 52 Sr.
VP of Fin. and CFO | 283K | Dwayne Foley, 54 Sr.
VP | 234K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|