BEFORE THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION In the Matter of the Request of NORTHWEST NATURAL GAS COMPANY for an Order Establishing Compliance With RCW 80.08.040 With Respect to the Proposed Issuance and Sale of Up to an Additional 200,000 Shares of its Common Stock Pursuant to the Employee Stock Purchase Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ) ) ) ) ) ) ) ) ) ) ) DOCKET UG-001244 ORDER ESTABLISHING COMPLIANCE WITH RCW 80.08.040 BACKGROUND 1. On August 17, 2000, Northwest Natural Gas Company (Northwest or 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. The filing concerns the Company's proposed offering, issuance and sale, of up to an additional 200,000 authorized but unissued shares of its Common Stock $3 1/6 par value (Common Stock), through Northwest's Employee Stock Purchase Plan. 2. 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. 3. This matter was brought before the Commission at its August 30, 2000 regularly scheduled open meeting. The Commissioners, having been fully advised in the matter, and having determined the following order to be consistent with RCW 80.08.040 directed the Secretary to enter the following order and related provisions. FINDINGS THE COMMISSION FINDS: 4. Northwest, an Oregon corporation, is a public service company subject to the jurisdiction of this Commission under the provisions of chapter 80.08 RCW. 5. 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. 6. The Company's application in this Docket contains: (a) a description of the purpose for which the issuance is made and a certification by an officer that proceeds from such financing are 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. 7. An order consistent with the above findings should be entered. ORDER THE COMMISSION ORDERS: 8. Northwest Natural Gas Company has complied with the requirements of RCW 80.08.040. 9. Northwest Natural Gas Company shall file a Reporting of Security Transactions required by WAC 480-143-340. 10. 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 August 2000. WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION CAROLE J. WASHBURN Executive Secretary