Northwestern energy to effectuate holding company reorganization on october 2, 2023

Butte, mont. and sioux falls, s.d., sept. 29, 2023 (globe newswire) -- northwestern corporation d/b/a northwestern energy (nasdaq: nwe) today announced that it intends to effectuate its previously announced holding company reorganization. effective october 2, 2023, northwestern energy group, inc. will become the parent holding company of northwestern corporation, which owns and operates the montana, south dakota and nebraska regulated utility businesses. in early 2024, northwestern intends to complete the second and final phase of the reorganization which will result in the south dakota and nebraska regulated utilities business becoming a separate direct subsidiary of northwestern energy group, inc.
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