With natural gas viewed as a low-cost energy resource that is not easily replaced, natural gas utilities remain an attractive investment amid the energy transition, according to a study commissioned by a pair of gas associations.

energy production chart

The study, conducted by global consultancy Guidehouse Inc. for the American Gas Association (AGA) and the Canadian Gas Association (CGA), found that investors value natural gas utilities for the consistency of their return on investment and return on equity (ROE). Investors also viewed natural gas utilities as having a solid foundation in North America’s low-emissions economy of the future that will continue to value affordability, resiliency and energy security.

“Investors receive stability and consistency in their portfolios from natural gas...