NorthWestern Corporation · Sioux Falls, SD United States ·(NYSE: NWE)
Company Description
Phone: 605-978-2900
Fax: 605-978-2840
Rankings
- #385 in FORTUNE 500
View NorthWestern Corporation Locations On A US Map
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This link will open in a new window NorthWestern, once a holding company for several energy-related businesses, is now blowing in one direction only -- providing power and gas, primarily through regulated utilites. Through its NorthWestern Energy subsidiary, the company provides electricity and natural gas to about 656,000 customers in Montana, Nebraska, and South Dakota. In Montana it delivers electricity to approximately 332,500 customers in 187 communities and surrounding rural areas, 15 rural electric cooperatives, and in Wyoming to the Yellowstone National Park. NorthWestern delivers gas to 179,200 Montana customers. In Nebraska and South Dakota it sells natural gas to 84,500 customers. To read the full description, subscribe now.
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Key NorthWestern Corporation Financials
| Company Type | Public - NYSE: NWE Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,260.8 |
| 2008 Employees | 1,385 |
NorthWestern Corporation Executives
20 executives listed for NorthWestern Corporation's Sioux Falls, SD location.
| Title | Name & Bio | Contact |
| Chairman | E. Linn Draper | Network |
| President, CEO, and Director | Robert Rowe | Network |
| VP, CFO, and Treasurer | Brian Bird | Network |
Competition
Competitive Landscape for NorthWestern Corporation
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top NorthWestern Corporation Competitors
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