NW Holdings is a diversified utility holding company operating regulated natural gas distribution, water and wastewater services, and non-regulated renewable energy businesses across the Pacific Northwest and Texas. Through its primary subsidiaries, the company serves residential, commercial, and industrial customers by distributing natural gas and providing water utility services under exclusive or protected service territories regulated by state utility commissions, which authorize rates to recover prudently incurred costs and provide reasonable returns on equity. The company generates revenue through base rates and cost-recovery mechanisms for regulated utility services, including a Purchased Gas Adjustment for natural gas costs, tariff rates for water services, and sales of renewable natural gas from its non-regulated renewables subsidiary.