Northwest Natural Holding Compa

Filing receipts

“See the NW Natural margin table below for additional margin detail; • $3.5 million decrease in income tax expense primarily due to lower non-deductible executive compensation and higher AFUDC equity income; partially offset by • $3.4 million increase in depreciation expense due to additional capital investments; and • $2.8 million increase in operations and maintenance expenses due primarily to an increase in employee related expenses, technology, insurance and professional services expenses.”

“In addition, NW Holdings capital expenditures increased by $11.5 million, driven by continued investment in our natural gas, water and wastewater utility systems.”

“The decrease in cash (used in) provided by financing activities at NW Holdings was primarily driven by lower issuances of long-term debt, partially offset by lower repayments of short-term debt, lower proceeds from common stock issuances, and higher repayments on long-term debt.”