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  Comments (1) Total Saturday Apr. 19, 2014
 
NorthWestern Files Application for $900 Million Dam Buy
Contains commitments to transfer the Kerr Dam to the Confederated Salish and Kootenai Tribes
HELENA — The Public Service Commission says NorthWestern Energy has filed a formal application for its proposed purchase of 11 hydroelectric dams from PPL Montana for $900 million.

Commissioner Travis Kavulla says NorthWestern filed its preapproval application Friday afternoon.

Kavulla says that starts the clock ticking on the commission's decision to approve the sale.

Commissioners will have 45 days to determine whether the application is adequate and nine months to approve or reject the purchase.

The sale also must be approved by the Federal Energy Regulatory Commission and anti-trust regulators in the U.S. Department of Justice.

NorthWestern officials said in a statement Friday the purchase would raise residential electric bills by 4.22 percent.

NorthWestern says the application also contains commitments to transfer the Kerr Dam to the Confederated Salish and Kootenai Tribes.
 
On 12-21-13, jr2jr2000 commented....
Wish they would say how much of that $900 million is the Kerr Dam portion.  If you add all the 11 dam’s power output, you find out that Kerr dam produces about 36% of that total.  The Kerr Dam is worth a ton of money, yet…
 
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