NorthWestern Energy Announces Filing of Montana Transmission Rate Settlement Agreement
20 Februar 2008 - 11:33PM
PR Newswire (US)
SIOUX FALLS, S.D., Feb. 20 /PRNewswire-FirstCall/ -- NorthWestern
Corporation d/b/a NorthWestern Energy (NASDAQ:NWEC) today announced
that it has filed an agreement with the Federal Energy Regulatory
Commission (FERC) that, if approved, would settle the company's
pending transmission rate case before the regulatory body. The
proposed settlement addresses costs associated with providing
transmission service and the pass through of costs to provide
ancillary services. The settlement revises the transmission rate
structure from one based on load ratio share to a stated rate for
network customers. Using a stated rate provides rate certainty for
transmission customers and NorthWestern Energy. A transmission rate
increase for network and point-to-point customers was filed in
October 2006 and made effective in May 2007, subject to refund.
This was the first rate filing since rates were last adjusted in
1998. As a result of settlement negotiations with intervening
parties, a new stated rate of $3.16/kW per month for reserved
capacity will be established for network and point-to-point
customers. This agreement does not affect retail customers in
Montana because their relevant transmission costs are part of the
pending Montana general rate case filing. The proposed rate for
point-to-point customers represents an increase of about 1.94%,
which equates to an annual increase in gross margin of
approximately $3 million. The company recognized approximately $1.6
million of this increase in gross margin in 2007. About
NorthWestern Energy Northwestern Energy is one of the largest
providers of electricity and natural gas in the Upper Midwest and
Northwest, serving more than 640,000 customers in Montana, South
Dakota and Nebraska. More information on NorthWestern Energy is
available on the Company's Web site at
http://www.northwesternenergy.com/. DATASOURCE: NorthWestern
Corporation CONTACT: Media, Claudia Rapkoch, 1-866-622-8081, , or
Investor Relations, Dan Rausch, +1-605-978-2902, , both of
NorthWestern Energy Web site: http://www.northwesternenergy.com/
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