Roanoke Gas Company Joins ONE Future

Rhea-AI Summary

Roanoke Gas Company, a subsidiary of RGC Resources (RGCO), has joined the Our Nation’s Energy Future Coalition (ONE Future) to enhance its commitment to reducing methane emissions. Serving approximately 63,000 households in Virginia, Roanoke Gas aims to further improve environmental standards by collaborating with other natural gas companies in the coalition. The coalition's goal is to limit methane emissions to 1% or less by 2025. Roanoke Gas will report its methane data for 2021 and hold a board seat, reinforcing its dedication to clean energy and community service since 1883.

Positive

• Joining ONE Future demonstrates Roanoke Gas's commitment to emissions reduction.
• Collaborating with major industry players can provide access to best practices and resources.
• Roanoke Gas will report its methane intensity results, reflecting transparency and accountability.

Negative

• None.

ROANOKE, Va., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Roanoke Gas Company (“Roanoke Gas”), a subsidiary of RGC Resources, INC. (RGCO), announced that it has joined Our Nation’s Energy Future Coalition (“ONE Future”). Roanoke Gas distributes natural gas to approximately 63,000 Virginia households and delivers around 10 million decatherms annually.

“The addition of Roanoke Gas to the coalition is significant,” said Richard Hyde, Executive Director, ONE Future. “They are a high-profile partner to the community they serve, and this commitment to emissions reduction will send a strong signal to its constituents that their best interests are top of mind. We know the relationships they form within the Coalition will bring many opportunities for the ongoing exchange of best practices and positive growth.”

The ONE Future Coalition is a group of natural gas companies working together to voluntarily reduce methane emissions across the natural gas value chain to 1% (or less) by 2025 and is comprised of some of the largest natural gas production, gathering and boosting, processing, transmission and storage, and distribution companies in the U.S. that represent more than 20% of the U.S. natural gas value chain. As a ONE Future member, Roanoke Gas will report its 2021 methane results within the Distribution sector and hold a seat on the board of directors.

“We look forward to our partnership with ONE Future,” said Paul Nester, President and CEO, Roanoke Gas. “We have proudly served this community since 1883. This partnership will further enable us to continue delivering reliable, clean energy to this region and help us keep the environment clean and safe.”

Through the efforts of coalition members, ONE Future has surpassed its one percent goal in each of the three years that it has reported its methane intensity. The 2019 Methane Intensity Report, released in November 2020, registered a 2019 methane intensity number of 0.334%: beating its one percent goal by 67%. This means that methane emissions by coalition members across the natural gas value chain consisted of only about one-third of one percent of all natural gas produced and delivered, demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput while supplying much needed energy to the U.S. and around the globe for years to come.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream, LLC. From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.

ONE Future was formed when seven companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent or less of total natural gas production. Since our formation, we have grown to more than 50 companies accounting for some of the largest natural gas producers, transmission, and distribution companies in the U.S. ONE Future members operate in 13 out of the 38 production basins and other segments of the value chain operate in multiple regions of the country, hence ONE Future’s data represent a geographically diverse and material share of the U.S. natural gas supply chain. For more information visit Home | One Future.

Contact:		Tommy Oliver Roanoke Gas Company 540-777-3985 Beverly Jernigan ONE Future 713-494-1733 beverly@beverlypr.com

FAQ

What is the significance of Roanoke Gas joining ONE Future?

Roanoke Gas joining ONE Future signals a strong commitment to reducing methane emissions and aligns the company with industry leaders in sustainability.

How many households does Roanoke Gas serve?

Roanoke Gas serves approximately 63,000 households in Virginia.

What are the goals of the ONE Future Coalition?

The ONE Future Coalition aims to reduce methane emissions across the natural gas value chain to 1% or less by 2025.

What role will Roanoke Gas play in the ONE Future Coalition?

Roanoke Gas will report its methane results for 2021 and hold a seat on the board of directors of ONE Future.

When was Roanoke Gas Company established?

Roanoke Gas Company has been serving its community since 1883.