Tim O'Toole's questions to Northwest Natural Holding Co (NWN) leadership • Q2 2025
Question
Tim O'Toole of Stifel Financial Corp inquired about the growth momentum at the Sea Energy gas utility following the Pines acquisition and asked for details on the scale of upcoming water rate cases.
Answer
Justin Palfreyman, President and CEO, confirmed that Sea Energy's growth is strong and performing as expected, highlighting that the business development team had already exceeded its annual backlog addition goal by mid-year. Regarding the water utilities, he explained that individual rate cases are typically small in scale, which is why the company pursues three to five cases annually.