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.


Hse SandyHook
Latest Top Stories

Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.


New Study Underscores Value Of Customer Engagement, Ranks Most-Trusted U.S. Utilities

According to the report, which analyzes 125 utilities across the country, earning a customer's trust can lead to monetary gains.


Washington State Doles Out Cash For Utility Energy Storage Projects

Three utilities have been awarded millions of dollars in grants to explore energy storage technology that could help integrate renewable and improve the power grid.


Utilities Reveal Just How Much Customers Are Saving With Energy Efficiency Programs

Two U.S. utility companies have issued progress reports and solid numbers regarding their respective initiatives.

S&C Electric_id176
edf_id180