Natural gas utility NW Natural turned 160 years old today, making it one of the oldest companies in Oregon. Officers from NW Natural and its parent company Northwest Natural Holding Company (NYSE: NWN) commemorated this milestone by ringing the closing bell at the New York Stock Exchange today.
NW Natural was founded on January 7, 1859, five weeks before Oregon became the union’s 33rd state, when the territorial government gave founders Herman C. Leonard and John Green a perpetual franchise to provide natural gas service.
Today, the company serves about two million people through more than 740,000 meters in Oregon and Southwest Washington with 1,200 employees and one of the most modern pipeline systems in the nation.
By Melissa Moore, KUAM News