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June 10, 2008, 7:09 a.m. EDT

NorthWestern to sell Colstrip plant interest for $404 mln

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By Michael Kitchen

NWE

NEW YORK (MarketWatch) -- Northwestern Corp. /zigman2/quotes/208537368/composite NWE +1.84% said early Tuesday it has entered into an agreement with Bicent (Montana) Power Company, LLC, to sell Northwestern's approximately 30% ownership interest in Colstrip Unit 4, a 740-megawatt coal-fired electric generating facility located in Colstrip, Montana, for $404 million in cash. Shares of Northwestern ended almost 1% higher Monday at $26.25.

/zigman2/quotes/208537368/composite
US : U.S.: Nasdaq
$ 60.37
+1.09 +1.84%
Volume: 260,439
May 16, 2022 4:00p
P/E Ratio
17.52
Dividend Yield
4.17%
Market Cap
$3.21 billion
Rev. per Employee
$921,102
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