The American Gas Association (AGA) and the Canadian Gas Association (CGA) commissioned MCR Performance Solutions LLC (MCR) to update and enhance their 2022 study, “Investor Expectations on North American Gas Utilities.” MCR found that while the gas utility industry’s underlying commercial foundation remains solid, regional policy challenges coupled with rapidly growing energy demand (and the urgent imperatives of affordability, security, resilience, and reliability) suggest there is potential in considering new commercial avenues—avenues that can both sustain a mature industry and align business strategies with important public policy and social objectives.