BUTTE, Mont., Oct. 31 /PRNewswire-FirstCall/ -- NorthWestern today issued a statement in reaction to initial votes to draft orders regarding dockets related to Colstrip Unit 4.
"We disagree and we're disappointed with the decision related to the bankruptcy stipulation, but we will reserve further comment on the matter until we see the language in the final order," said Claudia Rapkoch, Director - Corporate Communication. "While there are still some concerns to be resolved regarding the decision to rate base the ownership interest in Colstrip Unit 4, we appreciate all of the time and effort that the PSC Commissioners and staff have spent carefully considering this issue."
The Commissioners gave staff members direction to draft an order that would result in the rate basing of Colstrip Unit 4 at the amount requested by the company ($407 million) and recognizing that $161 million of the Net Operating Losses (NOL) balance belongs to the company. The draft order is due to be reviewed by the Commissioners on November 13 with a final order issued on November 14.
About NorthWestern Energy
NorthWestern Energy is one of the largest providers of electricity and natural gas in the Upper Midwest and Northwest, serving approximately 650,000 customers in Montana, South Dakota and Nebraska. For more information about NorthWestern Energy, visit our Web site at http://www.northwesternenergy.com/ .
