On March 23, 2026, Northwest Natural Holding Company (NW Holdings) disclosed in an 8-K filing that its subsidiary, Northwest Natural Gas Company (NW Natural), has reached a settlement regarding its general rate increase request with the Washington Utilities and Transportation Commission (WUTC). This settlement addresses nearly all issues raised in the rate case filed on August 29, 2025, which sought a significant increase in annual revenue requirements over three years. The settlement proposes a revenue increase of $20.1 million for the first year, $7.7 million for the second year, and $8.7 million for the third year, which is a reduction from the original request. The new rates are expected to take effect on August 1, 2026, pending WUTC approval. This development is seen as a positive outcome for the company, as it provides clarity on future revenue expectations and regulatory compliance, although it does not address the line extension allowance policy, which remains under litigation. The settlement is likely to have a small positive effect on the stock price as it reduces uncertainty and provides a clearer path for revenue growth in the coming years.

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