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  "documentTitle": "NW Natural Holdings | Investor Presentation Deck | 50 slides",
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  "authorName": "NW Natural Holdings",
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  "presentationDate": "2024-12-01 00:00:00",
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      "kind": "list",
      "text": "OREGON Weather Normalization (WARM): Stabilizes collection of fixed costs for residential and commercial customers; Adjusts billings based on temperature variances compared to average weather; Applied from December through mid-May of each heating season",
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      "text": "OREGON • WASHINGTON Purchased Gas Adjustment (PGA): Adjusts annual rates to reflect changes in expected cost of gas commodity purchases; Includes spot purchases, contract supplies, derivatives, storage inventories, and for Oregon gas reserves; Includes temporary rate adjustments amortizing deferred regulatory account balances",
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      "text": "OREGON Decoupling: Intended to break the link between earnings and consumption by removing incentive to increase usage; Employs use-per-customer decoupling calculation, which adjusts margin revenues to account for the difference between actual and expected customer volumes",
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      "text": "OREGON • WASHINGTON Environmental Cost Recovery: Recovers environmental costs for sites attributable to Oregon and Washington; Costs are subject to an annual prudence review in both Oregon and Washington, and in Oregon an earnings test¹; Allows for deferral of environmental costs in both Oregon and Washington, and in Oregon the accrual of carrying costs",
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      "text": "OREGON RNG Automatic Cost Recovery: Allows renewable natural gas project costs to be added to rates annually on November 1st; Provides for a mechanism for NW Natural to defer the difference between forecasted and actual RNG costs; Costs are subject to an earnings test that includes deadbands at 50 basis points below and above NW Natural's authorized ROE",
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      "text": "To the extent the utility earns more than its authorized ROE in Oregon in a year, the utility is required to cover environmental expenses and interest on expenses greater than $10 million (plus interest from insurance proceeds) with those earnings that exceed its authorized ROE",
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