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Thursday, Sep 26
NorthWestern acquires hydroelectric facilities from PPL for $900M
- NorthWestern Energy (NWE) agrees to acquire 11 hydroelectric facilities representing 633 MWs of generation, one storage reservoir, and related assets from PPL Corp. (PPL) subsidiary PPL Montana for $900M.
- NWE the deal will allow it to reduce its reliance on third-party power purchase agreements and spot market purchases, more closely matching its electric generation resources with forecast customer demand.
- Also, PPL Montana says it will pay $271M to terminate a sale-leaseback arrangement for its interest in the Colstrip coal-fired facility.