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

DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.


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.

S&C Electric_id176
edf_id180