S&P 500
7,615.20
-0.09%
Dow Jones
51,320.00
-0.10%
Nasdaq 100
30,651.40
-0.21%
Russell 2000
2,928.58
-0.15%
FTSE 100
10,383.00
-0.05%
Nikkei 225
68,424.20
+1.37%

Infrastructure

NorthWestern Energy Gets a Power Plant (NWE)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Yesterday, Montana’s Public Service Commission approved a request from NorthWestern Energy (NYSE:NWE), the largest electricity distribution company in the state, to purchase an existing coal-fired power plant in exchange for an agreement to operate under a regulated-rate plan that the PSC has promised will lower rates in the long run. Earlier this year, NorthWestern won approval (with the blessing of environmentalists!) for a new gas-fired power plant that it would also operate under state regulation.

Back in the mid-1990s, the state of Montana deregulated its electricpower industry and forced the former Montana Power Company to sell itsgenerating plants. Competition was supposed to lower electricity pricesfor customers. It didn’t quite work out that way, mostly because nopower company was interested in delivering electricity to state withnearly 150,000 square miles of area and fewer than one million people.

NorthWestern shares moved up nearly 8% yesterday, most of the uptickfollowing release of the state’s approval of the power plant buyout.

Paul Ausick
November 14, 2008

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Coal Faces a Gassy Death in the US
Paul Ausick |

Coal Faces a Gassy Death in the US

A new study points out the economic benefits to U.S. investors, consumers, and the nation's entire economy of transitioning away…

Why FirstEnergy Subsidiaries Seek Bankruptcy for Merchant Power Business
Paul Ausick |

Why FirstEnergy Subsidiaries Seek Bankruptcy for Merchant Power Business

Electric utility FirstEnergy on Sunday filed for bankruptcy protection on its merchant power business. The company is also seeking federal…

Paul Ausick |

Dividend Cut at Exelon a Sign of Things to Come? (EXC, DUK, D, AEP, SO)

ThinkstockAfter reporting pretty much awful results this morning, Exelon Corp. (NYSE: EXC) let investors know that it would also cut…

Merrill Lynch Has 4 Safe High-Dividend Utility Stocks to Buy
Lee Jackson |

Merrill Lynch Has 4 Safe High-Dividend Utility Stocks to Buy

Only one sector is higher so far in 2016, and it is the utility sector. Buying safe utility stocks now…

How Analysts and Investors See FirstEnergy and AEP After Regulatory News
Jon C. Ogg |

How Analysts and Investors See FirstEnergy and AEP After Regulatory News

FirstEnergy had a rough trading day on Thursday on news that it and American Electric Power are facing a regulatory…

4 Top Dividend Utility Stocks to Buy in Case Investors Sell Q2 Earnings
Lee Jackson |

4 Top Dividend Utility Stocks to Buy in Case Investors Sell Q2 Earnings

One good avenue for investors to consider, especially with yields sinking once again, is maybe to take profits in cyclicals…

Jon C. Ogg |

Alternative Energy Watch: Too Much Water, Too Much Gas, Too Much Wind; US Sets Profit Mark for Offshore Power Transmission Line; Nevada Solar Project Gets Federal Loan Guarantee (GOOG, UTX)

Today’s alt energy news focuses on wind generation shutdowns in the US and Scotland. The US Department of Energy has…

Douglas A. McIntyre |

Electric Utilities See the Value in the Pipes (AEP, AYE, BRK/A)

American Electric Power Company (NYSE:AEP) expects to increase the company’s profit by building new power transmission lines. The company plans…

Will Trading Clean Air and Water for Profits Save the Coal Industry?
Paul Ausick |

Will Trading Clean Air and Water for Profits Save the Coal Industry?

The U.S. EPA on Monday issued a proposed rule that would relax Obama-era restrictions on wastewater from coal-fired power plants.…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826