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Montana Public Service Commission Approves NorthWestern Energy, Black Hills Corp. Merger
The 3-2 vote adds conditions on plans for increased Colstrip generation as the companies await the PSC’s written order.
- On Tuesday, the Montana Public Service Commission approved the $15.4 billion merger between NorthWestern Energy and Black Hills Corp., clearing a final regulatory hurdle for the deal announced last year.
- Commissioners voted 3-2 in favor of the merger, but added two conditions requiring NorthWestern to develop plans for using increased electrical generation at the Colstrip power plant.
- The merged company, Bright Horizon Energy, will serve 2.1 million electric and natural gas customers across Montana, Arkansas, Colorado, Iowa, Kansas, South Dakota, Nebraska, and Wyoming.
- Commissioner Jennifer Fielder cited "tens of millions of dollars in savings" for customers, yet most public comments voiced opposition to the merger, citing concerns about potential power bill increases.
- PSC President Jeff Welborn and Commissioner Randy Pinocci voted against the deal, with Pinocci expressing concern that it lacks focus on lowering rates for Montanans.
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20 Articles
20 Articles
Helena Independent Record+3 Reposted by 3 other sources
Montana commission grants approval of NorthWestern merger, with conditions
In a 3-2 vote, the Montana Public Service Commission granted approval Tuesday for a merger of NorthWestern Energy with Black Hills Energy to form Bright Horizon Energy.
·Helena, United States
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ABC FOX Montana+4 Reposted by 4 other sources
Public Service Commission approves NorthWestern Energy, Black Hills Corp merger
The Montana Public Service Commission approved the $15.4 billion NorthWestern Energy and Black Hills Corp. merger on Tuesday. The merged company, Bright Horizon Energy, will serve 2.1 million electric and natural gas customers in Montana, Arkansas, Colorado, Iowa, Kansas, South…
·Missoula, United States
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Coverage Details
Total News Sources20
Leaning Left3Leaning Right0Center16Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
L 16%
C 84%
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