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Article: NorthWestern Energy Provides Update on Montana Public Service Commission Proceedings Regarding Colstrip Unit 4.
- Article from:
- PR Newswire
- Article date:
- November 14, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BUTTE, Mont., Nov. 13 /PRNewswire-FirstCall/ -- NorthWestern Corporation d/b/a NorthWestern Energy announced today that the Montana Public Service Commission has made formal its approval of placing the company's ownership interest in Colstrip Unit 4 into the ratebase.
Effective January 1, 2009, 222 megawatts of electricity from the coal-fired unit in southeastern Montana will be placed into rates at value of $407 million. The decision makes Colstrip Unit 4 the foundation of NorthWestern Energy's efforts to become a vertically integrated utility in Montana.
"Our portion of Colstrip 4 will provide our Montana customers with a dedicated and stable source ...