NorthWestern Corporation owns NorthWestern Energy, a utility company that serves
South Dakota
South Dakota (; Sioux language, Sioux: , ) is a U.S. state in the West North Central states, North Central region of the United States. It is also part of the Great Plains. South Dakota is named after the Lakota people, Lakota and Dakota peo ...
,
Nebraska
Nebraska () is a state in the Midwestern region of the United States. It is bordered by South Dakota to the north; Iowa to the east and Missouri to the southeast, both across the Missouri River; Kansas to the south; Colorado to the southwe ...
, and
Montana
Montana () is a state in the Mountain West division of the Western United States. It is bordered by Idaho to the west, North Dakota and South Dakota to the east, Wyoming to the south, and the Canadian provinces of Alberta, British Columbi ...
that is based in
Sioux Falls
Sioux Falls () is the most populous city in the U.S. state of South Dakota and the 130th-most populous city in the United States. It is the county seat of Minnehaha County and also extends into Lincoln County to the south, which continues up t ...
. , the company serves approximately 718,000 customers.
[NorthWestern Energy - Our Company]
/ref> The company's corporate headquarters are located in Sioux Falls while the headquarters for the South Dakota operations (and which was the headquarters for the old NorthWestern Public Service Company) are in Huron, South Dakota
Huron is a city in Beadle County, South Dakota, United States. It is the county seat of Beadle County. The '' Huron Daily Plainsman'', also referred to as the ''Plainsman'', is the newspaper. The first settlement at Huron was made in 1880. The ci ...
.
History
The Montana operations (formerly known as the Montana Power Company) were acquired around 2000 after that state passed legislation allowing the electric utility industry to be 'unbundled'. Out of state investors (led by PP&L Resources) then immediately acquired the generation assets of Montana Power, leaving that part of the territory vulnerable to high "spot" prices on the energy market (creating some chronic discontent that led the Montana Public Service Commission to submit the one "no" vote that effectively nullified a potential sale of NorthWestern to Babcock & Brown Infrastructure of Australia). In 2014, NorthWestern purchased the dams that were originally part of Montana Power for $900 Million from PPL Corporation
PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange.
History
Pennsylvania Power & Light was founded in 1 ...
.
Controversies
In March, 2003, a class action was filed against Northwestern Corp, claiming that defendants artificially inflated the stock price through material omissions and materially false and misleading statements. A $41 million settlement fund was established in 2005. On April 1, 2003, as a result of the ongoing evaluation and review of certain accounting entries, NorthWestern said it expects to restate prior unaudited quarterly results for the first three quarters of 2002.Bozeman, Montana
Bozeman is a city and the county seat of Gallatin County, Montana, United States. Located in southwest Montana, the 2020 census put Bozeman's population at 53,293, making it the fourth-largest city in Montana. It is the principal city of th ...
. The explosion destroyed several businesses and killed one person. By November, the company was sued by numerous owners of the destroyed businesses.
External links
Official Website
References
{{DEFAULTSORT:Northwestern Corporation
Companies formerly listed on the New York Stock Exchange
Companies listed on the Nasdaq
Companies based in Sioux Falls, South Dakota
Companies based in South Dakota
Re-established companies
Electric power companies of the United States
Natural gas companies of the United States
*