in News Departments > Projects & Contracts
print the content item

NorthWestern Energy, a utility serving customers in Montana, South Dakota and Nebraska, has submitted formal requests to the Montana Public Service Commission to approve the purchase of 11 hydroelectric generating facilities totaling 633 MW and related assets from PPL Montana LLC, a wholly owned subsidiary of energy and utility holding company PPL Corp.

According to NorthWestern, the filing initiates the formal regulatory process necessary to complete the $900 million agreement between the two companies. In addition, Northwestern says it is asking permission to include the hydro assets in the utility's rate base and issue the securities necessary to complete the purchase.

The utility reports that the long-term customer benefits of this purchase include greater resource adequacy and reliability; stable and reasonable costs/prices; and a more diversified portfolio.

Subject to necessary regulatory approvals and customary closing adjustments, NorthWestern and PPL intend to complete the transaction in the third quarter of 2014.

Hybrid Energy Innovations

Hybrid Energy Innovations 2015
Latest Top Stories

Smart Grid Interest Continues To Spread Among U.S. Rural Utilities

A new survey gauges rural smart grid efforts across the country and offers key findings, one of which is that nearly all utilities polled are doing something to modernize their systems.


Global Smart Grid Tech Revenue Slated For Solid Growth

According to a report from Navigant Research, annual revenue for smart grid technologies will reach over $70 billion within the next 10 years.


Utilities Partner With Energy Storage To Harness Renewables

As utilities struggle to incorporate the increased use of intermittent renewable energy resources, such as solar and wind power, onto the grid, the power providers are looking to energy storage.


Smart Meter Fire Probe Points To Sensus Design 'Shortcomings'

There has been more fallout in Saskatchewan: An investigation into SaskPower's halted smart meter program says Sensus Generation 3.3 units "have a tendency to leak" and the utility mishandled the rollout.


Two Years After Superstorm Sandy, Utilities Highlight Grid Efforts

As the U.S. reflects on the monster hurricane that struck in October 2012, utilities note what they have done to help protect against future severe weather.

S&C Electric_id176
edf_id180