ONE FUTURE WELCOMES NW NATURAL
-NATURAL GAS COALITION MEMBERSHIP REACHES 21-
January 23, 2020 – Our Nation’s Energy Future (ONE Future) announced today that NW Natural (NYSE: NWN), a wholly-owned subsidiary of NW Natural Holdings, has joined the coalition; bringing the total number of member companies to 21.
“Welcoming NW Natural to the ONE Future family is the perfect way to begin another successful year,” said Richard Hyde, Executive Director, ONE Future. “Near the end of last year, we reported our second consecutive year of methane intensity decrease and grew our membership. The addition of NW Natural® will prove to be of value to our 2020 efforts as we increase our reach across the country.”
As a ONE Future member, NW Natural will report its 2019 methane results as part of the transmission, distribution and storage sectors within the coalition, and will hold a seat on ONE Future’s Board of Directors. The 2018 Methane Intensity Report was released in the Fall, the coalition registered a 2018 methane intensity number of 0.326%, a decrease of 41% from 2017 demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput while supplying much needed energy to the U.S. and around the globe for years to come.
“NW Natural has been working with industry peers and environmental groups for decades to champion best practices that lower emissions, and we’re thrilled to be joining the companies in ONE Future that share this commitment,” said David H. Anderson, President and CEO, NW Natural. “We are proud to be one of the first utilities to have replaced all bare steel and cast-iron pipes – making our system one of the tightest in the country. We look forward to collaborating with this coalition to further innovations that will deliver substantial climate benefits.”
ONE Future member companies represent the entire natural gas value chain and account for approximately 10% of the total natural gas production, 40% of the US natural gas transmission miles and 9% of the US natural gas distribution. ONE Future companies work with each other to promote best practices and share learnings on each company’s respective science-based, technology and methods for methane reduction; though each member always has the flexibility to deploy its capital where it will be most effective.
About NW Natural Holdings™
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company, LLC (NW Natural Water), and other business interests and activities.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 750,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores.
Additional information is available at nwnatural.com.
About ONE Future
ONE Future was formed when eight companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent (or less) of total natural gas production. Since our formation, we have grown to 21 companies accounting for the some of the largest natural gas producers, transmission and distribution companies in the U.S. ONE Future members operate in 11 out of the 19 production basins and other segments of the value chain operate in multiple regions of the country, hence ONE Future’s data represent a geographically diverse and material share of the U.S. natural gas supply chain. Its members include Ascent Resources, Antero Resources, Apache, Berkshire Hathaway Pipeline Group, BHP, Boardwalk Pipeline Partners, LP, Dominion Energy, Equinor (formerly StatOil), Equitrans Midstream, EQT, Hess, Kinder Morgan, National Grid, New Jersey Natural Gas, NW Natural, Noble Energy, Southern Company Gas, Southwestern Energy, Summit Utilities, TransCanada and Williams.
For more information visit www.onefuture.us.