January 28, 2015 7:56 AM ET

Gas Utilities

Company Overview of Northwest Natural Gas Company

Company Overview

Northwest Natural Gas Company stores and distributes natural gas primarily in Oregon, Washington, and California. The company operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment distributes natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. It is involved in building and maintaining pipeline distribution system; purchasing gas from producers and marketers; contracting for the transportation of gas from the supply basins to service territory over pipelines; and reselling the gas. This segment also transports customer-owned gas from the interstate pipeline connection or city gates to the customer...

220 NW Second Avenue

Portland, OR 97209

United States

Founded in 1859

1,100 Employees

Phone:

503-226-4211

Key Executives for Northwest Natural Gas Company

Chief Executive Officer
Age: 56
Total Annual Compensation: $649.2K
Chief Financial Officer and Senior Vice President
Age: 58
Total Annual Compensation: $322.6K
Chief Operating Officer and Executive Vice President
Age: 52
Total Annual Compensation: $449.2K
Senior Vice President of Environmental Policy and Affairs
Age: 59
Total Annual Compensation: $331.0K
Chief Administrative Officer and Senior Vice President
Age: 58
Total Annual Compensation: $303.0K
Compensation as of Fiscal Year 2013.

Northwest Natural Gas Company Key Developments

Stephen P. Feltz Plans to Retire as Senior Vice President and Chief Financial Officer of Northwest Natural Gas Company in 2015

On January 6, 2015, Mr. Stephen P. Feltz, Senior Vice President and Chief Financial Officer of Northwest Natural Gas Company announced that, after 32 years of service, he plans to retire from the company during 2015. The company is in the process of identifying Mr. Feltz's successor. Mr. Feltz plans to remain in his position until his successor is engaged.

Northwest Natural Gas Company Announces Quarterly Dividend, Payable on February 13, 2015

The board of directors of Northwest Natural Gas Company has declared a quarterly dividend of 46.5 cents per share on the company's common stock. The dividends will be paid on Feb. 13, 2015 to shareholders of record on Jan. 30, 2015. The company's indicated annual dividend rate is $1.86 per share.

Northwest Natural Gas Company Announces Executive Changes

On December 18, 2014, Margaret D. Kirkpatrick, senior vice president and general counsel of Northwest Natural Gas Company (company), informed the board of directors (Board) of her intent to retire from the company on or about December 31, 2015. In connection with her notification and as part of the company's long-term succession planning efforts, on December 18, 2014, the board appointed Ms. Kirkpatrick as senior vice president, Environmental Policy and Affairs, effective January 1, 2015. Ms. Kirkpatrick joined the company in 2005 as vice president and general counsel. Also in connection with Ms. Kirkpatrick's retirement plans and the board's long-term succession planning efforts, on December 18, 2014, the board appointed MardiLyn Saathoff as senior vice president and general counsel, effective January 1, 2015. Ms. Saathoff is currently the vice president, Legal, Risk and Compliance, Chief Governance Officer and Corporate Secretary of the company, and was previously identified by the board as successor to the position of general counsel. She has served as chief governance officer and corporate secretary since joining the company in 2008, and served as the company's deputy general counsel from 2010 to 2013, until her current appointment. Also at the December 18, 2014 board meeting, and in connection with the coard's ongoing succession plans, the board appointed Shawn M. Filippi as vice president and corporate secretary, effective January 1, 2015. Ms. Filippi joined the company in 2005, and has served in a variety of legal roles during that time. She currently serves as the company's senior legal counsel and assistant corporate secretary, and was previously identified by the board as the successor to the position of corporate secretary. The board also appointed Kimberly A. Heiting as vice resident, communications and chief marketing officer, effective January 1, 2015. Ms. Heiting joined the company in 1998 and has served in a variety of roles during that time, including, among others, corporate communications director, chief communications officer and chief marketing and communications officer.

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