SIOUX FALLS, S.D., Nov. 22, 2002 — NorthWestern Corp. announced that it has completed its previously announced plan to restructure its Montana utility operations as a division of NorthWestern Corp.
The restructuring involved the intracompany transfer of substantially all of the assets and liabilities of NorthWestern Energy, L.L.C. to NorthWestern Corp.
NorthWestern Energy, L.L.C. had substantially been comprised of the former Montana Power Company transmission and distribution business acquired by NorthWestern in February 2002.
“This action completes our previously announced plan to hold our regulated utility operations at the parent level as operating divisions of NorthWestern Corp. in what is known as a ‘flat structure’,” said Eric Jacobsen, NorthWestern senior vice president and general counsel. “Our Montana utility operations will be conducted by the NorthWestern Energy division of NorthWestern Corp., and its operations and customers will not be affected by the structural change.”
NorthWestern Corp. is a provider of services and solutions to more than 2 million customers across America in the energy and communications sectors.
NorthWestern’s partner businesses include NorthWestern Energy, a provider of electricity, natural gas and related services to customers in Montana, Nebraska and South Dakota; Expanets, the largest mid-market provider of networked communications solutions and services in the United States; and Blue Dot, a provider of air conditioning, heating, plumbing and related services.