Bend, OR – October 22, 2026 – Cascade Natural Gas has decided not to proceed with development of a renewable natural gas facility at Deschutes County’s Knott Landfill.
Since 2023, Cascade and Deschutes County have worked together to develop a project to capture landfill gas currently being flared and convert it into renewable natural gas. Over the last three years, Cascade continually evaluated the project’s costs, benefits and long-term value for customers. Over the past three years, projected development costs have increased significantly, while changes enacted by rulemaking have altered the timing and reduced the volume of Cascade’s renewable natural gas needs. As a result, Cascade determined the project is no longer a prudent investment for customers.
“Bend is an important community to Cascade, and we value Deschutes County’s partnership,” said Hart Gilchrist, vice president of business development and external affairs. “While we are disappointed this project will not move forward, our commitment to Bend and our customers has not changed. We have a responsibility to make prudent decisions on behalf of our customers, and we will continue working to provide safe, reliable and environmentally responsible energy and to be a strong community partner.”
Cascade will continue working with Deschutes County as the parties take the necessary steps to conclude the project.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events or developments that the company anticipates will or may occur in the future are forward-looking statements based on underlying assumptions (many of which are based, in turn, upon further assumptions), including but not limited to, statements identified by the words “anticipates,” “estimates,” “expects,” “intends,” “plans,” and “predicts,” in each case related to such things as growth estimates, stockholder value creation, the company’s “CORE” strategy, capital expenditures, financial guidance, trends, objectives, goals, dividend payout ratio targets, earnings per share growth targets, customer rates, regulatory approvals, sustainability, strategies and other such matters. These forward-looking statements are based on many assumptions and factors, which are detailed in the company’s filings with the U.S. Securities and Exchange Commission.
While made in good faith, these forward-looking statements are based largely on the company’s expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond the company’s control. For additional discussion regarding risks and uncertainties that may affect forward-looking statements, see “Risk Factors” disclosed in MDU Resources’ most recent Annual Report on Form 10-K, and subsequent filings. Any changes in such assumptions or factors could produce significantly different results. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by applicable law, the company undertakes no obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.