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NWE News
NWE Events
NorthWestern Energy Stock Rises 9.6% to $75.54
NorthWestern Energy is up 9.6%, or $6.62 to $75.54.
NorthWestern Energy Stock Rises 7.4% to $74.00
NorthWestern Energy is up 7.4%, or $5.08 to $74.00.
Company Reports Q2 Revenue of $392.6M, Exceeding Expectations
Reports Q2 revenue $392.6M, consensus $377.1M. "We are pleased to report solid results for the quarter and exciting progress on the merger," said President and CEO Brian Bird. "In May, we received merger approval from the Federal Energy Regulatory Commission and the Nebraska Public Service Commission followed by approval from the South Dakota Public Utilities Commission in June. That leaves Montana as the only remaining regulatory approval needed for the merger. A hearing with the Montana Public Service Commission was held in May and we await their final order. In the meantime, we remain focused on executing our strategic priorities, delivering safe, reliable, and affordable service to our customers, and integration planning to position the combined company for long-term success."
Company Affirms $3.2B Capital Investment Plan for 2026-2030
The company states: "Additionally, we are affirming our $3.2B capital investment plan for 2026-2030, which is expected to support rate base growth of 4% to 6% from our 2024 base year of approximately $5.4 billion. We anticipate funding capital expenditures through cash flows from operations, available credit sources, debt issuances, and future rate increases. In order to fund South Dakota generation investment, equity issuances are expected beginning in 2027."
North Plains Connector Welcomes Minnkota Power Cooperative as Eighth Member
North Plains Connector welcomes Minnkota Power Cooperative as the eighth member of its utility consortium. Minnkota has signed a non-binding memorandum of understanding with North Plains Connector, a subsidiary of Grid United, to secure 150 megawatts of capacity on the 3,000-megawatt, high-voltage direct current transmission line once it begins operations, subject to successful negotiation of definitive agreements. Once completed, North Plains Connector will be the first HVDC transmission line in the United States to connect three regional electric energy markets - the Midcontinent Independent System Operator, the Western Interconnection, and the Southwest Power Pool - improving the reliability and resiliency of the electrical grid across the region while broadening market connections. Grid United and ALLETE are joint developers of North Plains Connector. Other members of the utility consortium with signed capacity MOUs with the project are: Avista (AVA), BHE U.S. Transmission, MDU Resources (MDU) subsidiary Montana-Dakota Utilities, NorthWestern Energy (NWE), Portland General Electric (POR), and Puget Sound Energy.
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