NorthWestern to sell Colstrip plant interest for $404 mln

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.

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NorthWestern Corp.

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