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Cascade Natural Gas history
Cascade Natural Gas company history timeline
By the end of 1954, Cascade had reached an agreement with Pacific Northwest Pipeline Co. to provide a two-way supply of natural gas from the fields in Canada and in the San Juan Basin.
Four months after Cascade merged with Oregon Natural, in early 1960, it announced another merger, this time with Pacific Natural Gas Corp., which served communities throughout Washington.
By the end of 1966, 25 percent of Cascade's residential customers qualified for the all gas rate and nearly 17 percent used natural gas for more than two appliances.
By 1967, this situation had created delays in the supply of natural gas from Canada and, consequently, Cascade was forced to switch its industrial users to an interruptible supply of natural gas in order to provide a consistent supply of fuel to its residential and commercial users.
In order to meet the demand of this growing clientele, which numbered 56,000 by 1968, Cascade spent a considerable amount of money to construct additional facilities and broaden its distribution network to service the 70 communities in Washington and Oregon that composed the corporation's territory.
By 1971, it became apparent that the only way to augment Cascade's revenues was to increase its rates.
In 1975, the corporation posted $91 million in sales and recorded $4.1 million in net income, but the following year its net income dropped to $2.5 million on sales of $106 million.
In 1986, Northwest Pipeline Co., Cascade's longtime source for natural gas, was forced to shut down its natural gas lines in accordance with stipulations associated with deregulation.
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Cascade Natural Gas competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| NW Natural | 1859 | $860.4M | 1,200 | 16 |
| Benton PUD | 1934 | $630,000 | 8 | - |
| Jersey Gas | - | $2.0B | 650 | - |
| Westar Energy | 1924 | $5.8B | 3,000 | 36 |
| Guardian Systems | - | $160,000 | 5 | - |
| NIPSCO | - | $2.4B | 2,000 | - |
| Grant PUD | - | $30.0M | 500 | 23 |
| Gulf Power | 1926 | $1.5B | 1,270 | - |
| Great Lakes Energy | 1937 | $160.4M | 200 | 9 |
| Pepco Holdings | 1896 | $23.0B | 1,429 | - |
Cascade Natural Gas history FAQs
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Cascade Natural Gas may also be known as or be related to Cascade Natural Gas, Cascade Natural Gas Cor, Cascade Natural Gas Corp. and Cascade Natural Gas Corporation.