Northwest Natural Gas Co Lowers FY 2012 EPS Guidance

Northwest Natural Gas Co announced that due to the impact of the Oregon general rate case outcome including the one-time charge mentioned above, the Company has revised earnings guidance to be in the range of $2.20 to $2.40 per share for fiscal 2012. The Company's fiscal 2012 earnings guidance assumes a continued weak economic recovery and slow customer growth, normal weather conditions, and no additional significant changes in prevailing legislative and regulatory policies or outcomes. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.40 for fiscal 2012.