Docket UG-971110 Page 2 BEFORE THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION In the Matter of the Application of NORTHWEST NATURAL GAS COMPANY for an Order Establishing Compliance with RCW 80.08.040 With Respect to the Proposed Issuance and Sale of not to Exceed An Additional 750,000 Shares of its Common Stock Pursuant to the Dividend Reinvestment and Stock Purchase Plan ) ) ) ) ) ) ) ) ) ) ) ) DOCKET UG-971110 ORDER ESTABLISHING COMPLIANCE BACKGROUND On July 3, 1997, Northwest Natural Gas Company (Northwest/Company), filed an application with the Commission under the provisions of RCW 80.08.040 for an order establishing compliance with the requirements of that statute in connection with the Company’s proposed offering, issuance, and sale, from time to time, of not to exceed an additional 750,000 authorized but unissued shares of its Common Stock $3 1/6 par value (Common Stock), pursuant to the terms of the Company's Dividend Reinvestment and Stock Purchase Plan as amended (Plan). As revised, RCW 80.08.040 requires the Company to file certain information with the Commission and authorizes the Company, at its option, to request the Commission to enter an order that the Company has complied with the requirements of RCW 80.08.040. The Company has filed the information required by RCW 80.08.040 and has requested that the Commission confirm that the Company has complied with the requirements of RCW 80.08.040. FINDINGS THE COMMISSION FINDS: 1. Northwest Natural Gas Company, an Oregon corporation, is a public service company subject to the jurisdiction of this Commission under the provisions of chapter 80.08 RCW. 2. As to form, the application and information filed herein meet the requirements of chapter 80.08 RCW and the rules and regulations of the Commission adopted pursuant thereto. 3. The Company’s application in this Docket contains: (a) a description of the purposes for which the issuance is made and a certification by an officer that the proceeds from such financing is for one or more of the purposes allowed by chapter 80.08 RCW; (b) a description of the proposed issuance, including the terms of financing; and (c) a statement as to why the proposed transaction is in the public interest. 4. An order consistent with the above findings should be entered. ORDER THE COMMISSION ORDERS: 1. Northwest Natural Gas Company has complied with the requirements of RCW 80.08.040. 2. Northwest shall file, as soon as available: The Report of Securities Issued required by 18 CFR 34.10 Chapter 80. Verified copies of any agreement entered into in connection with any transaction pursuant to this order. 3. This order shall in no way affect the authority of this Commission over rates, service, accounts, valuations, estimates or determination of costs, or any matters whatsoever that may come before it, nor shall anything herein be construed as an acquiescence in any estimate or determination of costs, or any valuation of property claimed or asserted. DATED at Olympia, Washington, and effective this 30th day of July, 1997. WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION Steven McLellan Executive Secretary