NorthWestern Energy announces agreement to acquire Energy West Montana

Butte, Mont. - July 30, 2024 -NorthWestern Energy announces it has entered into a definitive agreement to acquire Energy West Montana from Hope Utilities for $39 million. The proposed transaction will be reviewed and is subject to approval by the Montana Public Service Commission.

Energy West has provided energy service to Montanans since it began as the Great Falls Gas Co. in 1909. The Energy West operations are located in Great Falls, Cut Bank, Cascade and West Yellowstone.

"This is an opportunity for growth in our natural gas business in Montana by purchasing existing infrastructure built for Montanans and operated by a dedicated Montana team," said NorthWestern Energy President and CEO Brian Bird. "We are excited about the opportunity to serve Energy West's 33,000 customers across Great Falls, Cut Bank, Cascade and West Yellowstone. By integrating Energy West's Montana operations, we believe customers, employees and communities will be well served as a part of our commitment to Montana and to delivering safe and reliable energy."

Upon closing of the transaction, which is expected to occur in the first quarter of 2025, Energy West Montana's employees will become NorthWestern Energy employees.

Energy West customers will remain Energy West customers until the sale closes and will transition to customers of NorthWestern Energy upon closing, with current Energy West rates remaining in effect after the transaction is complete.

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NorthWestern Energy - Delivering a Bright Future

NorthWestern Energy provides essential energy infrastructure and valuable services that enrich lives and empower communities while serving as long-term partners to our customers and communities. We work to deliver safe, reliable, and innovative energy solutions that create value for customers, communities, employees, and investors. We do this by providing low-cost and reliable service performed by highly-adaptable and skilled employees. We provide electricity and / or natural gas to approximately 764,200 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. We have provided service in South Dakota and Nebraska since 1923 and in Montana since 2002.

Media Contacts:

Jo Dee Black

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