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Released November 24, 2014 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--NorthWestern Energy (Sioux Falls, South Dakota) has purchased 11 of PPL Montana's (Billings, Montana) hydroelectric facilities for $900 million. NorthWestern Energy will operate the plants, which have a combined generating capacity of 633 megawatts and comprise 22 units. NorthWestern Energy is owned by NorthWestern Corporation (NYSE:NEW) (Sioux Falls, South Dakota). PPL Montana is owned by PPL Corporation (NYSE:PPL) (Allentown, Pennsylvania).
The purchased facilities include the Black Eagle Dam (Great Falls, Montana), Holter Dam (Wolf Creek), Ryan Dam (Great Falls, Montana), Cochrane Dam (Great Falls, Montana), Madison Dam (Ennis, Montana), Hauser lake Dam (Helena, Montana), Mystic Dam (Fishtail, Montana), Morony Dam (Great Falls, Montana), Kerr Dam (Polson, Montana), Rainbow Dam (Great Falls, Montana) and Thompson Falls Dam (Clark Fork River).
NorthWestern Energy also partiality owns other plants, such as the Coyote Power Station (Beulah, North Dakota) and Big Stone Power Station (Big Stone, South Dakota), among others. It also fully owns the of Dave Gates Generating Station (Anaconda, Montana).
View Plant Profile - 1060836 1060856 1060847 1060852 1015357 1034392 1060854 1060835 1060832 1060850 1014376 1508618 1076190
The acquisition was effective November 17. NorthWestern said it raised residential electric bills 4.22% as a result of the acquisition.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
The purchased facilities include the Black Eagle Dam (Great Falls, Montana), Holter Dam (Wolf Creek), Ryan Dam (Great Falls, Montana), Cochrane Dam (Great Falls, Montana), Madison Dam (Ennis, Montana), Hauser lake Dam (Helena, Montana), Mystic Dam (Fishtail, Montana), Morony Dam (Great Falls, Montana), Kerr Dam (Polson, Montana), Rainbow Dam (Great Falls, Montana) and Thompson Falls Dam (Clark Fork River).
NorthWestern Energy also partiality owns other plants, such as the Coyote Power Station (Beulah, North Dakota) and Big Stone Power Station (Big Stone, South Dakota), among others. It also fully owns the of Dave Gates Generating Station (Anaconda, Montana).
View Plant Profile - 1060836 1060856 1060847 1060852 1015357 1034392 1060854 1060835 1060832 1060850 1014376 1508618 1076190
The acquisition was effective November 17. NorthWestern said it raised residential electric bills 4.22% as a result of the acquisition.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
