NorthWestern Energy Group Files 8-K

Ticker: NWE · Form: 8-K · Filed: Jul 15, 2024 · CIK: 1993004

Northwestern Energy Group, Inc. 8-K Filing Summary
FieldDetail
CompanyNorthwestern Energy Group, Inc. (NWE)
Form Type8-K
Filed DateJul 15, 2024
Risk Levellow
Pages4
Reading Time4 min
Key Dollar Amounts$156.5 million, $69.4 million, $874 million, $2.09, $9.11
Sentimentneutral

Sentiment: neutral

Topics: 8-K, disclosure, regulatory

Related Tickers: NWE

TL;DR

NWE filed an 8-K on 7/15/24 covering Reg FD, other events, and financials.

AI Summary

NorthWestern Energy Group, Inc. filed an 8-K on July 15, 2024, to report on various events. The filing includes information related to Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits. The company is incorporated in Delaware and its principal executive offices are located in Sioux Falls, South Dakota.

Why It Matters

This 8-K filing provides important updates and disclosures from NorthWestern Energy Group, Inc. to the public and investors, covering regulatory, operational, and financial information.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report and does not appear to contain any immediately alarming or significant negative news.

Key Numbers

  • 000-56598 — SEC File Number (Identifies the company's filing with the SEC.)
  • 93-2020320 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

  • NorthWestern Energy Group, Inc. (company) — Registrant
  • July 15, 2024 (date) — Date of earliest event reported
  • Delaware (jurisdiction) — State of incorporation
  • Sioux Falls, South Dakota (location) — Address of principal executive offices
  • 605-978-2900 (phone_number) — Registrant's telephone number

FAQ

What specific events are being disclosed under Regulation FD?

The filing indicates a 'Regulation FD Disclosure' but does not detail the specific events within the provided text.

What are the 'Other Events' being reported by NorthWestern Energy Group, Inc.?

The filing lists 'Other Events' as an item information category, but the specific details of these events are not included in the provided text.

What types of financial statements and exhibits are included in this filing?

The filing mentions 'Financial Statements and Exhibits' as an item information category, but the specific content of these statements and exhibits is not detailed in the provided text.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on July 15, 2024.

Where are NorthWestern Energy Group, Inc.'s principal executive offices located?

NorthWestern Energy Group, Inc.'s principal executive offices are located at 3010 W. 69th Street, Sioux Falls, South Dakota 57108.

Filing Stats: 1,079 words · 4 min read · ~4 pages · Grade level 11 · Accepted 2024-07-15 10:31:54

Key Financial Figures

  • $156.5 million — equests a base rate revenue increase of $156.5 million ($69.4 million net with property tax an
  • $69.4 million — ate revenue increase of $156.5 million ($69.4 million net with property tax and PCCAM electri
  • $874 million — rily by the investment of approximately $874 million for plant in service in 2023 (and expec
  • $2.09 — residential electric bill will increase $2.09 per month over current rates if the MPS
  • $9.11 — s interim rates on October 1, 2024, and $9.11 per month over current rates if the MPS
  • $28.6 million — equests a base rate revenue increase of $28.6 million driven primarily by the investment of a
  • $174 million — rily by the investment of approximately $174 million for plant in service in 2023 (and expec
  • $4.81 — 65 Therm residential bill will increase $4.81 per month over current rates if the MPS
  • $8.84 — s interim rates on October 1, 2024, and $8.84 per month over current rates if the MPS
  • $6.0 m — equests a base rate revenue increase of $6.0 million, driven primarily by the investme
  • $80 million — rily by the investment of approximately $80 million in infrastructure since 2010 and othe
  • $8.38 — 00 Therm residential bill will increase $8.38 per month over current rates if the SDP
  • $3.6 million — equests a base rate revenue increase of $3.6 million driven primarily by the investment of a
  • $42 million — rily by the investment of approximately $42 million in infrastructure since 2007 and other
  • $7.54 — 00 Therm residential bill will increase $7.54 per month over current rates if the NPS

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) (the " Company ") and its wholly owned public utility subsidiaries recently filed regulatory rate reviews with respect to electric utility services in Montana and gas utility services in Montana, Nebraska, and South Dakota (collectively, the " Rate Review Filings "). The Company has prepared a presentation (the " Presentation ") summarizing key aspects and details of the Rate Review Filings. A copy of the Presentation is being furnished pursuant to Regulation FD as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in the Presentation will not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Furthermore, the Presentation will not be deemed to be incorporated by reference into the Company's filings under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, except as set forth with respect thereto in any such filing.

01 Other Information

Item 8.01 Other Information. In connection with the Rate Review Filings, the Company and its public utility subsidiaries are seeking an increase in base rates driven primarily by investment in additional utility infrastructure. Certain details regarding the Rate Review Filings are summarized below and in the Presentation attached hereto as Exhibit 99.1. Montana Electric Rate Review. On July 10, 2024, the Company's wholly owned subsidiary, NorthWestern Corporation, filed an electric rate review with the Montana Public Service Commission (" MPSC "). The filing requests a base rate revenue increase of $156.5 million ($69.4 million net with property tax and PCCAM electric supply tracker adjustments) driven primarily by the investment of approximately $874 million for plant in service in 2023 (and expected for 2024) and other costs not included in current rates. These investments include the 175-megawatt natural gas-fired Yellowstone County Generating Station, an on-demand generation resource located in Montana that is dispatchable to meet energy demand when Montana customers need it most. The Company anticipates that the typical 750kWh residential electric bill will increase $2.09 per month over current rates if the MPSC adopts interim rates on October 1, 2024, and $9.11 per month over current rates if the MPSC adopts the proposed final rates in April 2025. Montana Gas Rate Review. On July 10, 2024, the Company's wholly owned subsidiary, NorthWestern Corporation, filed a gas rate review with the Montana Public Service Commission (" MPSC "). The filing requests a base rate revenue increase of $28.6 million driven primarily by the investment of approximately $174 million for plant in service in 2023 (and expected for 2024) and other costs not included in current rates. The Company anticipates that the typical 65 Therm residential bill will increase $4.81 per month over current rates if the MPSC adopts interim rates on October 1, 2024, and $8.84 per month over current r

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description of Document 99.1* 2024 Rate Review Summary Presentation, dated July 12, 2024 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document * filed herewith

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NorthWestern Energy Group, Inc. By: /s/ Timothy P. Olson Timothy P. Olson Corporate Secretary Date: July 15, 2024

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