BNET Industries
Last Fiscal Year Sales:$455.9M
- Public
- US
Dow Jones Description
Cascade Natural Gas Corporation firmly believes in contributing to the support of the communities we serve. This takes the form of conservation education, employee volunteerism, corporate giving, and matching funds for employee donations made to local non-profit organizations. Our employees support many civic and charitable organizations. They are volunteer firefighters, port executives, YMCA directors, and coaches of amateur sports organizations. When our employees volunteer, we support them by offering partial matching contributions to qualifying non-profit organizations. As a company, we contribute to efforts in health and human services, education, arts and culture, environmental protection and conservation of natural resources, and civic and community development. Click below to learn more.
President & CEO
David L. GoodinNumber of Employees 377
Peer Companies
NAICS Code Natural Gas Distribution: 221210
News & Analysis
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cascade natural gas corp. - All News and Analysis
Cascade Natural Gas Corp. Merger Completed; Company Joins MDU Resources Group
BISMARCK, N.D. -- MDU Resources Group, Inc. (NYSE:MDU) announced today that its merger with Cascade Natural Gas Corp. has been finalized. Cascade is now a subsidiary of MDU Resources. The merger is for cash consideration of $26.50 per share. The total value of the transaction, including outstanding Cascade indebtedness,...
Cascade Natural Gas Corporation Shareholders Approve Merger Agreement
SEATTLE -- Cascade Natural Gas Corporation (NYSE:CGC) announced today that at a special shareholder meeting, the shareholders of the company voted to approve the merger agreement with MDU Resources Group, Inc. When the transaction is completed, Cascade will become a wholly owned subsidiary of MDU Resources and will continue to...
Cascade Natural Gas Corporation Announces Dividend
SEATTLE -- On September 14, 2006, The Board of Directors of Cascade Natural Gas Corporation (NYSE:CGC) declared the regular quarterly Common Stock dividend at the rate of $0.24 per share, payable in cash on November 15, 2006, to the shareholders of record at the close of business on October 31,...
MDU Resources to acquire Cascade Natural Gas
North Dakota-based MDU Resources Group, Inc. has entered into a definitive merger agreement to acquire Cascade Natural Gas Corp. of Washington state for $475 million. Cascade's customer base in Washington and Oregon will approximately double the number of MDU customers. Cascade will join Montana-Dakota Utilities Co. and Great Plains...
MDU Resources to Acquire Cascade Natural Gas
BISMARCK, N.D. & SEATTLE -- MDU Resources Group, Inc. (NYSE:MDU) announced today that it entered into a definitive merger agreement on July 8 to acquire Cascade Natural Gas Corp. (NYSE:CGC) for cash consideration of $26.50 per share. The acquisition is expected to be accretive to earnings per share. Cascade's customer...
Cascade Natural Gas Corporation Announces Conference Call for Fiscal 2006 Third Quarter Results Thursday, July 27, 2006, 10:30 AM Eastern Time
SEATTLE -- Cascade Natural Gas Corporation (NYSE:CGC) will hold a conference call to discuss fiscal third quarter financial results on Thursday, July 27, 2006 at 10:30 a.m. Eastern time, 7:30 a.m. Pacific time. Third quarter earnings will be released after the market closes on the evening of Wednesday, July...
Cascade Natural Gas Corporation to Present at Edward Jones Mid-Cap Utility Conference on March 28, 2006
SEATTLE -- Members of Cascade Natural Gas Corporation's Cascade senior management will present at the Edward Jones Mid-Cap Utility Conference in New York on March 28, 2006. The presentation will be posted on Cascade's website at www.cngc.com and will focus on the Company's operations, key strategies, and regulatory initiatives. ...
Cascade Natural Gas Corporation Pursues the Conservation Alliance Plan in Conjunction with a General Rate Case
SEATTLE -- Cascade Natural Gas Corporation Cascade today withdrew its application for the Conservation Alliance Plan filed on October 31, 2005, at the Washington Utilities and Transportation Commission WUTC. After careful consideration of all interested party comments, including the WUTC staff, Cascade determined the best course of action going forward...
Cascade Natural Gas Corporation Announces Fiscal 2005 Fourth Quarter and Full Year Earnings
SEATTLE -- Cascade Natural Gas Corporation (NYSE:CGC) reported fiscal 2005 earnings of $9.2 million, equivalent to $0.82 per share, compared to $13.3 million, or $1.19 per share, for fiscal 2004. For the fourth quarter, the Company reported a seasonal loss of $3.6 million equivalent to $0.32 per share compared to...
Cascade Natural Gas Corporation Announces Conference Call for Fiscal 2005 Fourth Quarter Results Wednesday, November 16th, 10:30AM Eastern Time
SEATTLE -- (NYSE:CGC) Cascade Natural Gas Corporation will hold a conference call to discuss fiscal fourth quarter financial results on Wednesday, November 16, 2005 at 10:30 a.m. Eastern time, 7:30 a.m. Pacific time. Fourth quarter earnings will be released after the market closes on the evening of Tuesday, November...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| David L. Goodin | President & CEO |
| James E. Haug | Chief Accounting Officer |
| Jon T. Stoltz | Senior Vice Presidentgas Supply |
| Julie A. Marshall | Vice Presidentcustomer Service |
| Larry C. Rosok | Vice President Human Resources & Corp Secretary |
| Michael J. Gardner | Vice President Operations |
| Lynn Metcalf | Director |
| Tom Wilson | Superintendent |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Douglas G. Thomas | Chair |
| Larry L. Pinnt | Chairman |
| Brooks G. Ragen | Board of Directors |
| Carl Burnham | Board of Directors |
| David A. Ederer | Board of Directors |
| David W. Stevens | Board of Directors |
| Pirkko H. Borland | Board of Directors |
| Scott M. Boggs | Board of Directors |
| Thomas E. Cronin | Board of Directors |
David L. Goodin - 47 ( 25 ) President and Chief Executive Officer, Montana-Dakota Utilities Co., Great Plains Natural Gas Co., Cascade Natural Gas Corp. and Intermountain Gas Co. Formerly executive vice president of operations and acquisitions.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | President & CEO | Current |
| MDU Resources Group, Inc. | Executive Officers | Current |
| Cascade Natural Gas Corporation | President | Former |
Mr. Haug was elected to Chief Accounting Officer October 27, 2006. He was Controller since December 2002. Prior to that he was Controller and Chief Accounting Officer since January 1997. His title changed to Controller in May 2002. Prior to that he was elected Treasurer and Chief Accounting Officer in 1988. Previously, he was Treasurer of the Corporation since December 1, 1981. Prior to that time he served as Controller since 1979, and previous to that as Manager, General Accounting.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Chief Accounting Officer | Current |
| Cascade Natural Gas Corporation | Controller | Former |
| Cascade Land Leasing Co. | Controller | Former |
Mr. Stoltz was appointed Senior Vice President Regulatory & Gas Supply in December 2002. Prior to that he was Senior Vice President, Planning/Regulatory & Consumer Affairs since November, 1998, Senior Vice President Planning & Rates since April 1991, Senior Vice President Gas Supply & Rates since April 1990, Vice President Gas Supply, Rates & Special Studies since August 1981, Director of Gas Supply, Rates & Special Studies since 1980, and Director of Rates since 1977.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Senior Vice Presidentgas Supply | Current |
| Rates, Inc. | Senior Vice President, Planning | Former |
| Cascade Land Leasing Co. | Senior Vice President Regulatory | Former |
| Rates, Inc. | Director of Gas Supply | Former |
Ms. Marshall was elected to Vice President Customer Service August 1, 2005. Prior to that she was Director, Customer Service since June 1, 2000. Prior to that she was Director, Customer Account Services since February 1998. Prior to that she was in various positions in Customer Accounting and Auditing since 1974.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Vice Presidentcustomer Service | Current |
| Cascade Natural Gas Corporation | V. P. Customer Service | Former |
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Vice President Human Resources & Corp Secretary | Current |
| Cascade Natural Gas Corporation | Board of Directors | Current |
| Cascade Land Leasing Co. | Vice President, Hr & Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Vice President Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Director | Current |
Tom Wilson (right) has been a commissioner for 16 years, promoting local tourism of the Port District. He is Superintendent of Operations for Cascade Natural Gas. He and his wife Linda have 2 children. Tom is very active in local organizations.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Superintendent | Current |
| Port of Woodland | Current |
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Chair | Current |
| Bellingham Cold Storage | Board of Directors | Current |
| Bellingham Cold Storage | CEO | Former |
| Bellingham Cold Storage | President | Former |
Mr. Pinnt, 72, was Chief Financial Officer of US WEST Communications, Inc., and one of its predecessor companies, Pacific Northwest Bell, from 1979 until he retired in September 1989. His responsibilities included all aspects of corporate financial management, including shareholder matters. Mr. Pinnt has served on the boards of a number of public and private companies, including Seattle Trust and Savings Bank and later Key Bank of Washington. He also served as Chairman on the boards of Blue Cross of Washington and Alaska, and University of Washington Medicine.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Chairman | Current |
| US West Communications | Chief Financial Officer | Former |
| The Blue Cross | Chairman | Former |
| The Blue Cross | Board of Directors | Former |
Mr. Ragen, 73, is President and CEO of Manzanita Capital, Inc., a financial services firm. He was a director of Ragen MacKenzie Incorporated, an investment banking firm, from 1986 to 1998. From 1988 until 1996, he served as Chairman and Chief Executive Officer of Ragen MacKenzie Incorporated. Mr. Ragen s entire business career has been involved in investments and investment banking. After working as a research analyst in New York for several years, he served as the Pacific Northwest branch manager for two New York-based investment firms and later worked as an investment banker providing a wide range of corporate finance services to Pacific Northwest-based corporations. Mr. Ragen has started and managed two regional investment banking firms and for many years has provided investment advice to a broad group of individuals and institutions.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Yturri Rose Llp. | Senior Partner | Current |
| Cascade Natural Gas Corporation | Board of Directors | Current |
| Yturri Rose Llp. | Attorney at Law | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Board of Directors | Current |
| Oak Patch Gifts | Board of Directors | Current |
| University of Washington | Bachelor's Degree In Business Administration | Former |
| Survival, Inc. | Board of Directors | Current |
| Jody Coyote | Board of Directors | Current |
David W. Stevens was named Chief Executive Officer of El Paso Electric in November 2008. Stevens has a strong record of leadership and deep energy industry knowledge. He has extensive executive experience and has consistently helped organizations improve their financial performance. Previously, he served as president and chief executive officer of Cascade Natural Gas Corporation in Seattle, Washington. Prior to that, he was president and chief operating officer for Houston-based Panhandle Energy, a subsidiary of Southern Union Company. Stevens holds a Bachelor of Science in Chemical Engineering from the University of Texas at Austin. Throughout his career he has served in many business and community organizations, including the Southern Gas Association, the Intrastate Natural Gas Association, Rotary International and the American Lung Association.
| Organization | Position | Status |
|---|---|---|
| El Paso Electric Company | Chief Executive Officer | Current |
| Advent Networks, Inc. | Current | |
| Cascade Natural Gas Corporation | Board of Directors | Current |
| Southern Union Gas Co. | President | Former |
| Panhandle Energy | President & Chief Operating Officer | Former |
| The University of Texas at Austin | B.S., Chemical Engineering | Former |
| The University of Texas at Austin | member | Former |
| Organization | Position | Status |
|---|---|---|
| Nordic Heritage Museum | Board of Directors | Current |
| Cascade Natural Gas Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Seattle University | Adjunct Professor | Current |
| Financial Executives Research Foundation, Inc | Vice Chairman | Current |
| Financial Executives Research Foundation, Inc | Board of Directors | Current |
| Cascade Natural Gas Corporation | Board of Directors | Current |
Mr. Cronin, 66, retired in 2005 from Whitman College in Walla Walla, Washington where he served as President since 1993. A former White House Fellow, Mr. Cronin has been a scholar-in-residence at the Brookings Institution in Washington D.C., and the Hoover Institution at Stanford University. He has been President of CRC, Inc., a research and consulting company since 1981, specializing in public policy and leadership issues. He is an award-winning scholar and author or co-author of several books on American government and public policy. He has been in recent years a director of the Blue Mountain Land Trust, the Downtown Walla Walla Foundation, and the National Association of Independent Colleges and Universities.
| Organization | Position | Status |
|---|---|---|
| Cascade Natural Gas Corporation | Board of Directors | Current |
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