# EDGAR Filing Document

**Accession Number:** 0000073020
**File Stem:** 0000073020-23-000002
**Filing Date:** 2023-3
**Character Count:** 12066
**Document Hash:** 42b56c280151df942f642b3cbd980f1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000073020-23-000002.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0000073020-23-000002

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20230308

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHWEST NATURAL GAS CO
- **CENTRAL INDEX KEY:** 0000073020
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATURAL GAS DISTRIBUTION [4924]
- **IRS NUMBER:** 930256722
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15973
- **FILM NUMBER:** 23716397

**BUSINESS ADDRESS:**
- **STREET 1:** 250 SW TAYLOR STREET
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
- **BUSINESS PHONE:** 5032264211

**MAIL ADDRESS:**
- **STREET 1:** 250 SW TAYLOR STREET
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204

?xml version="1.0" ? nwn-20230308

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549**

**Form 8-K** 

**CURRENT REPORT** 

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

**March 8, 2023**

Date of Report (Date of earliest event reported)

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|:---|:---|:---|:---|
| ![nwn-20230308_g1.jpg](nwn-20230308_g1.jpg) | ![nwn-20230308_g1.jpg](nwn-20230308_g1.jpg) | ![nwn-20230308_g1.jpg](nwn-20230308_g1.jpg) | ![nwn-20230308_g1.jpg](nwn-20230308_g1.jpg) |
| **NORTHWEST NATURAL GAS COMPANY** | **NORTHWEST NATURAL GAS COMPANY** | **NORTHWEST NATURAL GAS COMPANY** | **NORTHWEST NATURAL GAS COMPANY** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| | Commission file number | Commission file number | 1-15973 |
| **Oregon** | **Oregon** | **93-0256722** | **93-0256722** |
| (State or other jurisdiction of<br>incorporation or organization) | (State or other jurisdiction of<br>incorporation or organization) | (I.R.S. Employer<br>Identification No.) | (I.R.S. Employer<br>Identification No.) |

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| | | | |
|:---|:---|:---|:---|
| **250 SW Taylor Street** | **Portland,** | **Oregon** | **97204** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |

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| | | |
|:---|:---|:---|
| Registrant's telephone number, including area code: | **(503)** | **226-4211** |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange<br>on which registered</u> |

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| | | |
|:---|:---|:---|
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).  | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).  | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).  |
| Emerging growth company | ☐ | |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |

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|:---|:---|
| **Item 8.01** | **Other Events.** |

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On March 8, 2023, Northwest Natural Gas Company (NW Natural) issued and sold $100,000,000 aggregate principal amount of 5.75% Secured Medium-Term Notes, Series B due 2033 (the "Notes"). The Notes were offered for sale pursuant to a registration statement on Form S-3 (SEC File No. 333-258792-01) (the "Registration Statement"), which became automatically effective upon filing with the Securities and Exchange Commission on August 13, 2021, and a Pricing Supplement, dated March 2, 2023, to a Prospectus Supplement, dated August 13, 2021, to a Prospectus, dated August 13, 2021.

In connection with the offering and sale of the Notes, NW Natural is filing two legal opinions regarding the validity of the Notes as Exhibits 5(a) and 5(b) to this Form 8-K for the purpose of incorporating the opinions into the Registration Statement.

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|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

See Exhibit Index below.

**<u>Exhibit Index</u>**

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| | |
|:---|:---|
| Exhibit | Description |
| <u>[5(a)](ex5acompanymtntakedownopin.htm)</u> | <u>[Opinion of MardiLyn Saathoff, Esquire, regarding the validity of the Notes.](ex5acompanymtntakedownopin.htm)</u> |
| <u>[5(b)](ex5bmarchmtnoffering-nwnat.htm)</u> | <u>[Opinion of Morgan, Lewis & Bockius LLP, regarding the validity of the Notes.](ex5bmarchmtnoffering-nwnat.htm)</u> |
| <u>[23(a)](ex5acompanymtntakedownopin.htm)</u> | <u>[Consent of MardiLyn Saathoff, Esquire is included in her opinion filed as Exhibit 5(a).](ex5acompanymtntakedownopin.htm)</u> |
| <u>[23(b)](ex5bmarchmtnoffering-nwnat.htm)</u> | <u>[Consent of Morgan, Lewis & Bockius LLP is included in its opinion filed as Exhibit 5(b).](ex5bmarchmtnoffering-nwnat.htm)</u> |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | | NORTHWEST NATURAL GAS COMPANY |
| | | (Registrant) |
| Dated: | March 8, 2023 | /s/ Shawn M. Filippi |
| | | Vice President, Chief Compliance Officer and Corporate Secretary |

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## Ex-5.(A)

**Exhibit 5(a)**

March 8, 2023

Northwest Natural Gas Company

250 SW Taylor Street

Portland, Oregon 97204

Ladies and Gentlemen:

With respect to Registration Statement No. 333-258792-01 (the "Registration Statement") filed with the Securities and Exchange Commission (the "Commission") on August 13, 2021 by Northwest Natural Gas Company (the "Company"), I have reviewed such documents and records as I have deemed necessary to enable me to express an opinion on the matters covered hereby. The Registration Statement relates to, among other things, the offer and sale of $100,000,000 aggregate principal amount of the Company's 5.75% Secured Medium-Term Notes, Series B due 2033 (the "Notes"), issued under the Mortgage and Deed of Trust, dated as of July 1, 1946, as amended and supplemented (the "Mortgage"), between the Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee (the "Trustee").

Based upon the foregoing, I am of the opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Company is a corporation validly existing under the laws of the State of Oregon; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the Notes are legally issued and binding obligations of the Company.

For purposes of the opinions set forth above, I have assumed that the Notes have been duly authenticated, in accordance with the Mortgage, by the Trustee under the Mortgage.

I hereby consent to the filing of this opinion as an exhibit to a Current Report on Form 8-K to be filed by the Company on or about March 8, 2023, which will be incorporated by reference in the Registration Statement. In giving the foregoing consent, I do not thereby admit that I come within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

This opinion is limited to the laws of the States of New York and Oregon. As to all matters of New York law, I have relied upon an opinion of even date herewith addressed to you by Morgan, Lewis & Bockius LLP.

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| |
|:---|
| Very truly yours, |
| /s/ MardiLyn Saathoff, Esq. |
| MardiLyn Saathoff, Esq.<br>Senior Vice President, Regulation<br>and General Counsel |

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## Ex-5.(B)

![image_0a.jpg](image_0a.jpg)

**Exhibit 5(b)**

March 8, 2023

Northwest Natural Gas Company

250 SW Taylor Street

Portland, Oregon 97204

Ladies and Gentlemen:

With respect to Registration Statement No. 333-258792-01 (the "Registration Statement") filed with the Securities and Exchange Commission (the "Commission") on August 13, 2021 by Northwest Natural Gas Company (the "Company"), we have reviewed such documents and records as we have deemed necessary to enable us to express an opinion on the matters covered hereby. The Registration Statement relates to, among other things, the offer and sale of $100,000,000 aggregate principal amount of the Company's 5.75% Secured Medium-Term Notes, Series B due 2033 (the "Notes"), issued under the Mortgage and Deed of Trust, dated as of July 1, 1946, as amended and supplemented (the "Mortgage"), between the Company and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as trustee (the "Trustee").

Based upon the foregoing, we are of the opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the Company is a corporation validly existing under the laws of the State of Oregon; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the Notes are legally issued and binding obligations of the Company.

For purposes of the opinions set forth above, we have assumed that the Notes have been duly authenticated, in accordance with the Mortgage, by the Trustee under the Mortgage.

We hereby consent to the filing of this opinion as an exhibit to a Current Report on Form 8-K to be filed by the Company on or about March 8, 2023, which will be incorporated by reference in the Registration Statement. In giving the foregoing consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

This opinion is limited to the laws of the States of New York and Oregon. As to all matters of Oregon law, we have relied upon an opinion of even date herewith addressed to you by MardiLyn Saathoff, Esq.

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|:---|
| Very truly yours, |
| <u>/s/ Morgan, Lewis & Bockius LLP</u> |

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|:---|:---|
| **Morgan, Lewis & Bockius llp**<br>101 Park Avenue<br>New York, NY 10178-0060<br>United States | <br>![image_1a.jpg](image_1a.jpg) +1.212.309.6000<br>![image_2a.jpg](image_2a.jpg) +1.212.309.6001 |

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