LYCOS RETRIEVER 
Cascade Natural Gas: Companies
built 652 days ago
Officials with NW Natural Gas, Avista Utilties, and Cascade Natural Gas told the Commission they will be filing requests soon to raise their rates as part of the annual Purchase Gas Adjustment (PGA). The companies pass through their actual cost of purchasing gas, without any mark-up to customers, and make no additional profit from these rate adjustments. When prices go down, customers rates are ... reduced.
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Northwest Natural Gas ... began exploring its own resource development in the late 1970s as a response to the ebbs and flows of the natural gas market. The company began an active drilling program in Oregon's only producing natural gas field near Mist in western Oregon in 1979, and by late 1982, it had two new wells. By 1995, it had drilled 54 producing wells, of which 17 were still yielding gas. Starting in 1990, with the formation of a new company subsidiary, Canor Energy Ltd., Northwest Natural began purchasing gas and oil properties in Canada, adding to its properties in Oregon, Wyoming, and California.
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Cascade Natural Gas Corp.'s top executive W. Brian Matsuyama is retiring, the company said Friday. He's been vice chairman, president and chief executive since 1995, and first joined the company as vice president and general counsel in 1987.
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While companies in Oregon have shut down operations and laid off workers because of increased natural gas bills, that's not the case for Boise Cascade and food processors here. Boise Cascade uses about 10,500 therms of natural gas a day to fire up four boilers used in creating steam to dry lumber. It buys its supply monthly on the wholesale market. A therm is a unit of measure for natural gas; about 1.38 therms is the equivalent of one gallon of heating oil. Just a year ago, Boise Cascade paid 23 cents a therm. This month, it paid $1.45.
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Case No. PU-04-578: On November 2, 2004, Northern States Power Company (NSP) filed an application to increase its rates for natural gas service by an amount sufficient to provide increased total annual revenue of $1,280,232. NSP proposes to change natural gas rates for residential customers by increasing the Basic Service Charge per month from $5.50 to $8.50 and by decreasing the Distribution Charge per therm from $0.12480 to $0.12388. NSP proposes to increase natural gas rates to small interruptible customers by increasing the Distribution Charge per therm from $0.07310 to $0.07740. NSP proposes to increase natural gas rates to large interruptible customers by increasing the Distribution Charge per therm from $0.04390 to $0.04632. NSP proposes to change natural gas rates to commercial and industrial service customers by changing the Basic Service Charge per month from $14.00 to $20.00 and changing the Distribution Charge per therm from $0.11280 to $0.10120. Residential, commercial, and industrial customers will be able to determine whether their bill will change by reviewing their gas usage throughout the year.
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Natural gas is marketed in California by natural gas producers marketing their proprietary gas and companies marketing others' production. Many of the companies marketing others' production are themselves natural gas producers or power generators that consume natural gas. Of the top 20 North American gas marketers identified by Gas Daily in their most recent survey, all but two companies own substantial natural gas production or power generation assets. The two exceptions are financial services firms, UBS and Merrill Lynch.
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