LYCOS RETRIEVER 
Cascade Natural Gas: Cascade Natural Gas Corporation
built 652 days ago
On December 8, 1995, Cascade Natural Gas Corporation (Cascade) filed this application pursuant to ORS 757.440 and OAR 860-27-035. Cascade seeks authority to guarantee the repayment of interest and principal of a $5 million note issued by its wholly owned subsidiary, Cascade Land Leasing Company (CLL).
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Cascade Natural Gas Corporation has chosen the MicroStrategy Business Intelligence Platform(TM) as its business intelligence standard. The first phase of MicroStrategy report development will enable the Finance and Accounting departments to perform period-end financial analysis against a Microsoft(R) data mart and reduce the reporting time to company management. End users will be able to view the core financial reports via the Web, and explore data by dimensions that were previously unavailable. Cascade intends to build several additional business intelligence applications on the MicroStrategy platform and roll them out over time to more than 200 users throughout the company. After considering business intelligence solutions from Hyperion and Crystal Decisions, Cascade selected MicroStrategy due to its scalable architecture, Web-based user interface and extensive report formatting capabilities.
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Since the acquisition of Oregon Natural Gas Co. in 1959, Cascade had grown at an enviable pace, nearly tripling the number of customers it served. In order to meet the demand of this growing clientele, which numbered 56,000 by 1968, Cascade spent a considerable amount of money to construct additional facilities and broaden its distribution network to service the 70 communities in Washington and Oregon that composed the corporation's territory. The majority of these capital expenditures had been financed through loans and, consequently, Cascade had accrued a large debt by the end of the 1960s. When the population boom in the Pacific Northwest began to wane by the end of the decade, the debt borne by the corporation started to chip away at its earnings, and Cascade started to look for a way to ameliorate its financial position. By 1971, it became apparent that the only way to augment Cascade's revenues was to increase its rates. The increase in rates, the first increase to raise the corporation's rate of return since 1958, lifted the corporation's revenues by $5.5 million, enabling Cascade to sufficiently service its debt for the present time and fund additional capital expenditures.
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Cascade Natural Gas Corporation (Cascade or the Company) was incorporated under the laws of the state of Washington on January 2, 1953. Its principal business is the distribution of natural gas to customers in the states of Washington and Oregon. Approximately 72% of its residential and commercial gas distribution margins are from customers in the state of Washington. As of September 30, 2005, the Company had approximately 196,000 residential customers, 30,000 commercial customers, and 719 industrial and other larger customers. Residential, commercial, and most small industrial customers are generally core customers who take traditional “bundled” natural gas service, which includes supply, peaking service, and upstream interstate pipeline transportation. Sales to core customers in fiscal 2005 accounted for approximately 24% of gas deliveries and 71% of operating margin.
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Cascade Natural Gas is a natural gas distribution company serving approximately 185,000 customers in Washington. Cascade serves approximately 245,000 residential, commercial, industrial and transportation customers in 93 communities in Washington and Oregon. Cascade Natural Gas Corporation is a subsidiary of MDU Resources Group, Inc. (NYSE:MDU). More information is available at www.cngc.com.
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Cascade Natural Gas Corporation is incorporated in the state of Washington as a natural gas distribution company serving parts of Washington outside the Seattle-Tacoma area as well as central and eastern Oregon. The area served has a population of approximately 1 million who reside in various communities and work in a wide diversity of industries. The company has a mix of residential, commercial and large industrial customers totaling approximately 235,000. For more information about Cascade, see the company’s Web site at www.cngc.com.
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Cascade Natural Gas Corporation