Record Capital Investment
NorthWestern Corporation completed over $550 million in capital investments, including the Yellowstone County generating station coming online, and announced a $2.74 billion five-year capital plan, which is an 11% increase over the previous plan.
EPS and Dividend Growth
The company reported a diluted GAAP EPS of $3.65, affirming long-term EPS and rate base growth targets of 4% to 6%. Additionally, the quarterly dividend was increased by 1.5% to $0.66 per share.
Strong Regulatory Execution
NorthWestern achieved a full year of new base rates in both Montana and South Dakota, leading to a $62.4 million margin improvement.
Data Center Expansion
Announced plans to support new large load customers, with data centers expected to increase power demand significantly in Montana.
Focus on Transmission Expansion
Plans for regional transmission expansion, including the North Plains Connector, are in progress, which will bolster reliability and enable incremental imports and exports.