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NORTHWESTERN CORPORATION

(NWE)
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NorthWestern : Energy applies to increase propane rates in Townsend, Montana

05/26/2021 | 12:49pm EDT

Butte, Mont. - May 25, 2021 - NorthWestern Energy filed a request with the Montana Public Service Commission to adjust propane supply rates for its Townsend, Montana, propane service. The increased rate, from $0.86 per therm ($0.79 a gallon) to $1.15 per therm ($1.06 per gallon), begins on an interim basis June 1, 2021.

The overall cost adjustments translate into a total bill increase of $15.28 per month for a typical residential customer using 55 therms. The actual increase will depend on each customer's usage.

Propane supply costs are adjusted annually based on the contracted market supply price, along with any over or under-collection of the previous year's contract. The rate is flat for the entire year.

NorthWestern has 594 propane customers in Townsend. NorthWestern does not have propane service in any other Montana community.

Please visit www.northwesternenergy.com to learn more about simple and effective ways to make your home more energy efficient and about various bill payment and assistance options. For more news about NorthWestern Energy, follow us on Facebook and on Twitter (@NWEinfo).

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.

Media Contacts:
Jo Dee Black
866-622-8081
jodee.black@northwestern.com

Disclaimer

NorthWestern Corporation published this content on 25 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 16:48:04 UTC.


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Financials (USD)
Sales 2021 1 296 M - -
Net income 2021 185 M - -
Net Debt 2021 2 578 M - -
P/E ratio 2021 17,5x
Yield 2021 3,97%
Capitalization 3 221 M 3 221 M -
EV / Sales 2021 4,47x
EV / Sales 2022 4,42x
Nbr of Employees 1 530
Free-Float 90,5%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 62,46 $
Average target price 70,71 $
Spread / Average Target 13,2%
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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
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