Northwestern Corp (NWE) 60.49 $NWE
FERC Denies NorthWestern's Request for Rehearing on the Dave Gates Generating Station
PR Newswire - Wed May 11, 7:24PM CDT
NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) announced it received an Order from the Federal Energy Regulatory Commission (FERC) late yesterday denying its May 2014 request for rehearing. The request for rehearing challenged a September 2012 initial decision from a FERC Administrative Law Judge (ALJ) that addressed cost recovery at NorthWestern's Dave Gates Generating Station (DGGS) that was later summarily affirmed by the FERC. NorthWestern has been recognizing revenue consistent with the ALJ's initial decision and does not anticipate an impact to ongoing earnings in 2016 as a result of the order but we will continue to evaluate the potential for an impairment charge as discussed below. As of March 31, 2016, we have cumulative deferred revenue of approximately $27.3 million plus accrued interest of $3.3 million that is required to be refunded to wholesale customers within 30 days of the order.
NWE: 60.49 (-0.16)
NorthWestern Reports First Quarter 2016 Financial Results
PR Newswire - Wed Apr 20, 5:00AM CDT
NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended March 31, 2016. Net income for the quarter was $38.1 million, or $0.79 per diluted share, as compared with net income of $51.4 million, or $1.09 per diluted share, for the same period in 2015. This $13.4 million, or 26%, decrease in net income is primarily the result of lower revenue from recent regulatory decisions in Montana including the elimination of the lost revenue adjustment mechanism, a reduction to natural gas production bridge rates, and the disallowance of replacement power costs incurred during a 2013 outage at Colstrip Unit 4 and other portfolio modeling costs from the electric supply tracker. Higher property taxes and depreciation expense also contributed to the earnings reduction. Partially offsetting these unfavorable earnings impacts are higher revenues from increased electric rates in South Dakota.
NWE: 60.49 (-0.16)
NorthWestern Energy Files Biennial Electricity Supply Resource Procurement Plan with the Montana Public Service Commission
PR Newswire - Fri Apr 01, 12:04PM CDT
NorthWestern Energy has submitted its biennial Electricity Supply Resource Procurement Plan to the Montana Public Service Commission (MPSC).The plan updates the company's ongoing short and long-term plans to provide reliable, cost-effective electricity to its customers in Montana.
NWE: 60.49 (-0.16)
Montana Public Service Commission Decision Results in Supply Cost Disallowance for NorthWestern Energy
PR Newswire - Tue Mar 29, 4:14PM CDT
NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) (the "Company"
announced a 3 - 2 decision today from the Montana Public Service Commission ("MPSC" to disallow replacement power costs from a July 2013 outage at Colstrip Unit 4 and cost related to generation portfolio modeling. The decision will result in an approximately $9.7 million pretax charge to earnings in 2016. As previously disclosed, during a June 2014 MPSC work session, the MPSC identified approximately $11 million of incremental market purchases related to the Colstrip outage for additional prudency review. The MPSC ultimately disallowed $8.2 million of replacement power costs and an additional $1.5 million of portfolio modeling costs previously recovered through the Company's electric supply trackers.
NWE: 60.49 (-0.16)
Annual Changes to the NASDAQ US Broad Dividend Achievers Index
GlobeNewswire - Mon Mar 14, 6:17PM CDT
The Nasdaq Group, Inc. (Nasdaq:NDAQ) today announced the results of the annual evaluation of the NASDAQ US Broad Dividend Achievers(TM) Index (Nasdaq
AA), which will become effective prior to market open on Monday, March 21, 2016.
VSEC: 70.00 (+0.43), BOKF: 60.17 (-0.74), OKE: 44.98 (-0.21), TLP: 38.68 (+0.14), BOBE: 44.32 (-0.30), CNP: 22.97 (-0.17), AMP: 98.85 (-0.70), THG: 83.51 (-0.86), THFF: 37.09 (-0.12), SRCE: 32.70 (-0.50), STON: 25.31 (+0.25), CMI: 113.74 (-2.26), MNRO: 60.59 (-0.37), OKS: 37.44 (-0.36), WMB: 21.80 (-0.24), ACN: 117.08 (-1.19), NHC: 64.07 (+1.05), TRV: 113.00 (-0.81), STR: 24.99 (-0.05), TMK: 59.89 (-0.29), ATRI: 422.00 (+7.30), DAKT: 6.29 (-0.18), ISCA: 32.72 (-0.82), ARG: 142.95 (unch), COP: 43.88 (-0.63), NWE: 60.49 (-0.16), CTWS: 51.94 (-0.48), DRI: 67.73 (-0.08), STE: 68.38 (-2.36), SXT: 70.43 (-0.80), AFG: 71.46 (-0.78), GK: 75.83 (-0.18), NDAQ: 65.11 (-0.47), NC: 55.58 (+0.39)
Avista (AVA) Rewards Investors with 4% Dividend Increase
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 1:30PM CST
Avista Corporation (AVA) announced that its board of directors has approved a 3.8% hike in its quarterly common stock dividend, bringing the annualized payout to $1.37 per share.
KEP: 25.50 (-0.77), CPN: 14.25 (-0.26), AVA: 42.46 (unch), NWE: 60.49 (-0.16)
DTE Energy (DTE) Completes 3 Solar Projects in Michigan
Zacks Equity Research - Zacks Investment Research - Fri Feb 05, 3:35PM CST
DTE Energy Company (DTE) retains its position as Michigan's largest solar energy producer with the completion of three new solar projects in Avoca, Brownstown and Romulus.
KEP: 25.50 (-0.77), CPN: 14.25 (-0.26), NWE: 60.49 (-0.16), DTE: 93.83 (-0.08)
FERC Denies NorthWestern's Request for Rehearing on the Dave Gates Generating Station
PR Newswire - Wed May 11, 7:24PM CDT
NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) announced it received an Order from the Federal Energy Regulatory Commission (FERC) late yesterday denying its May 2014 request for rehearing. The request for rehearing challenged a September 2012 initial decision from a FERC Administrative Law Judge (ALJ) that addressed cost recovery at NorthWestern's Dave Gates Generating Station (DGGS) that was later summarily affirmed by the FERC. NorthWestern has been recognizing revenue consistent with the ALJ's initial decision and does not anticipate an impact to ongoing earnings in 2016 as a result of the order but we will continue to evaluate the potential for an impairment charge as discussed below. As of March 31, 2016, we have cumulative deferred revenue of approximately $27.3 million plus accrued interest of $3.3 million that is required to be refunded to wholesale customers within 30 days of the order.
NWE: 60.49 (-0.16)
NorthWestern Reports First Quarter 2016 Financial Results
PR Newswire - Wed Apr 20, 5:00AM CDT
NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended March 31, 2016. Net income for the quarter was $38.1 million, or $0.79 per diluted share, as compared with net income of $51.4 million, or $1.09 per diluted share, for the same period in 2015. This $13.4 million, or 26%, decrease in net income is primarily the result of lower revenue from recent regulatory decisions in Montana including the elimination of the lost revenue adjustment mechanism, a reduction to natural gas production bridge rates, and the disallowance of replacement power costs incurred during a 2013 outage at Colstrip Unit 4 and other portfolio modeling costs from the electric supply tracker. Higher property taxes and depreciation expense also contributed to the earnings reduction. Partially offsetting these unfavorable earnings impacts are higher revenues from increased electric rates in South Dakota.
NWE: 60.49 (-0.16)
NorthWestern Energy Files Biennial Electricity Supply Resource Procurement Plan with the Montana Public Service Commission
PR Newswire - Fri Apr 01, 12:04PM CDT
NorthWestern Energy has submitted its biennial Electricity Supply Resource Procurement Plan to the Montana Public Service Commission (MPSC).The plan updates the company's ongoing short and long-term plans to provide reliable, cost-effective electricity to its customers in Montana.
NWE: 60.49 (-0.16)
Montana Public Service Commission Decision Results in Supply Cost Disallowance for NorthWestern Energy
PR Newswire - Tue Mar 29, 4:14PM CDT
NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) (the "Company"
announced a 3 - 2 decision today from the Montana Public Service Commission ("MPSC" to disallow replacement power costs from a July 2013 outage at Colstrip Unit 4 and cost related to generation portfolio modeling. The decision will result in an approximately $9.7 million pretax charge to earnings in 2016. As previously disclosed, during a June 2014 MPSC work session, the MPSC identified approximately $11 million of incremental market purchases related to the Colstrip outage for additional prudency review. The MPSC ultimately disallowed $8.2 million of replacement power costs and an additional $1.5 million of portfolio modeling costs previously recovered through the Company's electric supply trackers. NWE: 60.49 (-0.16)
Annual Changes to the NASDAQ US Broad Dividend Achievers Index
GlobeNewswire - Mon Mar 14, 6:17PM CDT
The Nasdaq Group, Inc. (Nasdaq:NDAQ) today announced the results of the annual evaluation of the NASDAQ US Broad Dividend Achievers(TM) Index (Nasdaq
AA), which will become effective prior to market open on Monday, March 21, 2016. VSEC: 70.00 (+0.43), BOKF: 60.17 (-0.74), OKE: 44.98 (-0.21), TLP: 38.68 (+0.14), BOBE: 44.32 (-0.30), CNP: 22.97 (-0.17), AMP: 98.85 (-0.70), THG: 83.51 (-0.86), THFF: 37.09 (-0.12), SRCE: 32.70 (-0.50), STON: 25.31 (+0.25), CMI: 113.74 (-2.26), MNRO: 60.59 (-0.37), OKS: 37.44 (-0.36), WMB: 21.80 (-0.24), ACN: 117.08 (-1.19), NHC: 64.07 (+1.05), TRV: 113.00 (-0.81), STR: 24.99 (-0.05), TMK: 59.89 (-0.29), ATRI: 422.00 (+7.30), DAKT: 6.29 (-0.18), ISCA: 32.72 (-0.82), ARG: 142.95 (unch), COP: 43.88 (-0.63), NWE: 60.49 (-0.16), CTWS: 51.94 (-0.48), DRI: 67.73 (-0.08), STE: 68.38 (-2.36), SXT: 70.43 (-0.80), AFG: 71.46 (-0.78), GK: 75.83 (-0.18), NDAQ: 65.11 (-0.47), NC: 55.58 (+0.39)
Avista (AVA) Rewards Investors with 4% Dividend Increase
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 1:30PM CST
Avista Corporation (AVA) announced that its board of directors has approved a 3.8% hike in its quarterly common stock dividend, bringing the annualized payout to $1.37 per share.
KEP: 25.50 (-0.77), CPN: 14.25 (-0.26), AVA: 42.46 (unch), NWE: 60.49 (-0.16)
DTE Energy (DTE) Completes 3 Solar Projects in Michigan
Zacks Equity Research - Zacks Investment Research - Fri Feb 05, 3:35PM CST
DTE Energy Company (DTE) retains its position as Michigan's largest solar energy producer with the completion of three new solar projects in Avoca, Brownstown and Romulus.
KEP: 25.50 (-0.77), CPN: 14.25 (-0.26), NWE: 60.49 (-0.16), DTE: 93.83 (-0.08)
