It is also destroyed automatically for you when the symbol is changed.Like all ChartIQ markers, the object itself is managed by the chart, so when you scroll the chart the object moves with you. We believe the regulated water utility sector fits this profile and aligns with our core capabilities. We have certainly some operational efficiencies that we're targeting. So there's a little bit extra interest here.
And are you in discussions with the commissioners like how could you recover those costs going forward?Yes, Aga, this is David. David, you talked about the construct for RNG. COVID impacts on margin are estimated to be $1.5 million, including a $700,000 decline in revenues from lower late charges and disconnection fees as we temporarily and voluntarily suspended these charges in March. But if you look historically where we're at, remember, gas prices are down 40%, actually more than 40%, bills down 40%. If you have further questions, please reach out to Nikki Sparley, Director of Investor Relations, and she'll be happy to try to answer those questions. Our solid business strategy allows us to adapt to unforeseen challenges, such as the coronavirus. Stockholders of record on Friday, July 31st will be paid a dividend of 0.477 per share by the utilities provider on Friday, August 14th.
Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Utility margin decreased $1 million. We are also out in the market right now with an RFP for procurement, entering into long-term RNG gas supply agreements.
Now in both studies, clearly, technical potential is not necessarily economic potential. Again, I think the uncertainty out there is, number one, where we are in this pandemic. Thanks, Aga, this is Justin. [Operator Instructions]I would now like to turn the conference over to Nikki Sparley, Head of Investor Relations.
The third leg to our strategy is to look for growth that fits our conservative risk profile. Good question. Northwest Natural Holding Co The Company, through its subsidiaries, builds and maintains natural gas distribution system, as well as invests in natural gas pipeline projects. And so that kind of caps out.And at this point, we recognized about $1 million just over $1 million of that as essentially uncollected.
No, no, on the RNG, thank you for that question. But Chris, I do think whether it's a utility or any other company out there, the longer this moves in for us and the electric utilities in this region, the winter months are a very important time period because bills are higher. I'll describe earnings drivers on an after-tax basis using the statutory tax rate of 26.5%. We are anticipating some lower expenditures related to customer acquisition due to the economic downturn, but the majority of our capex is maintenance in nature and includes some large projects that have already begun.With that, I'll turn the call back over to David for his concluding remarks.Thanks, Frank. We believe we'll end up with a mix of some investment opportunities as well as longer-term procurement or gas supply agreements. We continue to monitor the impact of the pandemic on our capital programs. View NWN revenue estimates and earnings estimates, as well as analyst recommendations. First, we continue to track commercial customer losses as a result of businesses closing their doors and today have not seen a significant change or near-term implications on customer growth, but it is still very early in the economic contraction. NORTHWEST NATURAL HOLDING CO : Other Events (form 8-K) 0. We've reduced essentially frozen our hiring practices. But our position is we're very early in this development curve. Why don't I let him kind of he takes the lead on it, so on the RNG processes for us a little bit.
There was also a study that was funded by the American Gas Foundation and many utilities across the country this year that looked at the technical potential of renewable natural gas nationwide.And again, that technical potential looks to be nearly 90% of all the current gas throughput nationwide. And there will be more of that, but I think the kind of that's kind of front-end loaded. (MFTranscribers) Today, we reaffirm guidance for the continuing operations in the range of $2.25 to $2.45 per share and guide toward the lower end of the range due to the potential implications of COVID-19. Soon all right. We've actually been working in the space here for a period of time. Personal Finance
And so I would like to make sure that we have clarity in place on all these factors, whether it's the late fees, the bad debt, etc. Good …
So Justin's team is out right now with that RFP looking at various opportunities of supply.
I'm curious, locally, there's obviously there's a lot of environmental interest.
We've actually been working in the space here for a period of time. The law enables us to acquire RNG on behalf of Oregon customers and goes further than any other law by outlining goals for adding as much as 30% RNG into the state's pipeline system by 2050.It allows up to 5% of a utility's revenue requirement to be used to cover the incremental costs of RNG. Northwest Natural Holding Co. analyst estimates by MarketWatch. I think some are probably hurting unfortunately worse than others.I will tell you, on the "M&A activity front," with as much as that dynamic is out there, and of course, we're here to help any water utility that needs to be helped, whether it's municipal or private, the M&A activity has been pretty slow, frankly.
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