Table of Contents
PPT Slide
NW Natural at a Glance
Year-to-Date Highlights for 2004
Core Business Growth Potential
Net Customer Gains and Annual Growth %
Composition of 2003 Utility Revenues
Managing Customer Growth Profitably
Profitability of New Residential Customer Acquisitions
Conversion Opportunities
AROE – Main Mapping
Existing Main Mapping
AROE – Prospect Attributes
Constructive and Innovative Regulation
PPT Slide
Natural Gas Storage
PPT Slide
Earnings Per Share
Dividend History
Liquidity
Liquidity (cont’d)
Forward Looking Statements
Conclusion
N W N a t u r a l
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