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News Release
Natural Gas Price Outlook, Topic of Commission Hearing
June 24, 2005 (2005 - 015)
Contacts:  Lee Beyer, Chairman, 503 378-6611; John Savage, Commissioner, 503 378-6611; Ray Baum, Commissioner, 503 378-6611; Bob Valdez, Public Information Officer, 503 378-8962
Salem, OR - The Oregon Public Utility Commission will hold its annual "Natural Gas Outlook" June 27 in Salem in the Commission’s main hearing room at 550 Capitol Street. There will be a briefing from a wide range of experts regarding the long and short term outlooks for natural gas prices for home heating, industry, and for generation of electricity.
Officials from Oregon’s three natural gas distribution companies will be among those scheduled to share their insights with the Commission.
The three natural gas companies in Oregon, which serve a total of 630,000 customers, are: Northwest Natural Gas, Avista and Cascade. Northwest Natural serves about 501,000 customers, Avista about 82,000 and Cascade nearly 47,000.
The Commission will adjust each company’s rates in October to reflect changes in the wholesale price of natural gas. The Purchased Gas Adjustment (PGA) passes through to customers increases or decreases in the utility’s cost of buying gas for the upcoming year. It also addresses differences between forecasted gas costs in the previous year with actual costs. The companies make no profit from these adjustments.
The Long- and Short-Term Outlook
June 27, 2005
1:30 p.m.
Main Hearing Room
Commissioners’ Opening Remarks
The Next Five Years . . . What Should We Expect?
Randy Friedman, Director, Gas Supply, NW Natural
Dan Kirschner, Executive Director, Northwest Gas Association
Ken Zimmerman, Sr. Utility Analyst, OPUC
What Should Customers Expect This Winter?
Avista Utilities: Jason Thackston, Director, Gas Supply and Brian Hirschkorn, Manager, Retail Pricing – Rates & Regulation
Cascade Natural Gas: Jon Stoltz, Sr. Vice President, Regulatory & Gas Supply
NW Natural: Randy Friedman, Director, Gas Supply and Alex Miller, Director, Regulatory Affairs & Forecasting
You can listen to the briefing by calling 503-365-4439 and entering 6782 followed by # sign.
Commissioners’ Closing Remarks