PPL Montana Closes Sale Of Hydroelectric Facilities To NorthWestern Energy

(RTTNews) - PPL Montana (PPL) announced the completion of the sale of its hydroelectric facilities to NorthWestern Energy Corp. (NWE). The sale consists of 11 hydroelectric power plants with a total generating capacity of over 630 megawatts, as well as the Hebgen Lake reservoir. PPL Corp.'s net sale proceeds are around $890 million.

The sale includes the Thompson Falls Dam on the Clark Fork River; Kerr Dam on the Flathead River; Madison Dam on the Madison River; Mystic Lake Dam on West Rosebud Creek; and Hauser, Holter, Black Eagle, Rainbow, Cochrane, Ryan and Morony dams on the Missouri River. The sale exclude PPL Montana's stake in the Colstrip and J.E. Corette power plants, or the Butte-based energy marketing and trading operations of PPL Montana's affiliate, PPL EnergyPlus, LLC.