kids encyclopedia robot

NorthWestern Energy facts for kids

Kids Encyclopedia Facts
Quick facts for kids
NorthWestern Corporation
Public
Traded as NASDAQNWE
S&P 400 Component
Industry Utilities
Founded November 27, 1923 as Northwestern Public Service Company
Headquarters ,
United States
Area served
Eastern South Dakota, Western Montana
Key people
Albert Emanuel, Founder
E. Linn Draper Jr., Chairman;,
Robert C. Rowe, President and CEO
Products utility operations consist of regulated electric and natural gas distribution, transmission and energy supply. In addition, they are pursuing electric transmission and generation opportunities.
Services Conventional electricity
Natural gas
Number of employees
1,600

NorthWestern Energy Group, Inc. is a utility company that serves South Dakota, Nebraska, and Montana that is based in Sioux Falls. As of 2019, the company serves approximately 718,000 customers. 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.

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 of Australia). In 2014, NorthWestern purchased the dams that were originally part of Montana Power for $900 Million from PPL Corporation.

kids search engine
NorthWestern Energy Facts for Kids. Kiddle Encyclopedia.