Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

NORTHWESTERN CORPORATION

(NWE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

NorthWestern : Coyote Generating Station is an economic energy source for NorthWestern Energy's South Dakota customers

09/02/2021 | 01:05pm EDT

SIOUX FALLS, S.D., Sept. 02, 2021 (GLOBE NEWSWIRE) -- The Coyote Generating Station, a jointly-owned coal plant in Beulah, North Dakota, is an important energy resource for NorthWestern Energy’s 63,900 South Dakota customers. NorthWestern Energy owns a 10% interest in the facility.

On Sept. 1, Otter Tail Power Company, a 35% owner of the facility, filed an integrated resource plan with its regulatory commissions in Minnesota, North Dakota and South Dakota. The plan concludes that continued operation of the plant is no longer in the best interest of Otter Tail Power’s customers and requests authorization to withdraw from ownership in 2028.  

For NorthWestern Energy’s customers, the Coyote Generating Station remains a critical 24/7 on-demand generation energy source, reliable when demand is high, such as the extreme winter weather in February 2021 that required rolling blackouts to keep the grid stable and during the extreme heat experienced this summer. The joint owners continue to collaborate in analyzing data and weighing decisions that impact the plant, our employees, customers and communities. However, NorthWestern Energy’s ongoing analysis indicates the Coyote Generating Station will continue to provide economic and reliable energy for our customers well into the future absent any new state or federal regulatory requirements or significant increases in operating costs.

NorthWestern Energy’s South Dakota Energy Resource Procurement Plan, a biannual plan, will be submitted to the South Dakota Public Utilities Commission in late 2022. The long-term value of the Coyote Generating Station will be addressed within the plan.

Follow us on Facebook or on Twitter (@NWEinfo).

About NorthWestern Energy (Nasdaq: NWE)
NorthWestern provides electricity and / or natural gas to approximately 743,000 customers in Montana, South Dakota, and Nebraska. We have generated and distributed electricity in South Dakota and distributed natural gas in South Dakota and Nebraska since 1923 and have generated and distributed electricity and distributed natural gas in Montana since 2002. More information on NorthWestern is available on the company’s website at www.northwesternenergy.com.

Investor Relations Contact:
Travis Meyer
605-978-2967
travis.meyer@northwestern.com
 Media Contact:
Jo Dee Black
866-622-8081
jodee.black@northwestern.com



Primary Logo

Source: NorthWestern Corporation

2021 GlobeNewswire, Inc., source Press Releases

All news about NORTHWESTERN CORPORATION
10/21NORTHWESTERN : Energy's Laurel Generating Station is critical to an even cleaner energy fu..
PU
10/04NORTHWESTERN : to Host Third Quarter 2021 Financial Results Webinar
AQ
09/29NORTHWESTERN : Construction near Hale Reservoir will create possible traffic delays and tr..
PU
09/23NORTHWESTERN : Energy warns of widespread scam activity across service area
PU
09/22Energy Stocks Gaining Amid Rising Oil Prices in Late Trade
MT
09/22NORTHWESTERN CORP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
09/22NORTHWESTERN : Plans to Withdraw Application for New Capacity Resources in Montana
MT
09/21NORTHWESTERN : Sidoti Small-Cap Investor Conference
PU
09/21NORTHWESTERN : Approval application for capacity resources will be withdrawn from Montana ..
AQ
09/16INSIDER SELL : Northwestern
MT
More news
Analyst Recommendations on NORTHWESTERN CORPORATION
More recommendations
Financials (USD)
Sales 2021 1 304 M - -
Net income 2021 190 M - -
Net Debt 2021 2 494 M - -
P/E ratio 2021 15,8x
Yield 2021 4,35%
Capitalization 2 943 M 2 943 M -
EV / Sales 2021 4,17x
EV / Sales 2022 4,21x
Nbr of Employees 1 530
Free-Float 92,3%
Chart NORTHWESTERN CORPORATION
Duration : Period :
NorthWestern Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NORTHWESTERN CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 57,07 $
Average target price 68,29 $
Spread / Average Target 19,7%
EPS Revisions
Managers and Directors
Robert C. Rowe Chief Executive Officer & Director
Brian B. Bird President & Chief Operating Officer
Travis Meyer Director-Finance & Investor Relations Officer
Crystal Dawn Lail Chief Financial Officer & Vice President
Dana J. Dykhouse Non-Executive Chairman
Sector and Competitors
1st jan.Capi. (M$)
NORTHWESTERN CORPORATION-2.44%2 943
NEXTERA ENERGY9.42%165 612
ENEL S.P.A.-13.88%84 242
DUKE ENERGY CORPORATION13.35%79 842
IBERDROLA, S.A.-16.96%69 791
SOUTHERN COMPANY4.44%66 653