NorthWestern Corporation (NWE) Bundle
An Overview of NorthWestern Corporation (NWE)
General Summary of NorthWestern Corporation (NWE)
NorthWestern Corporation is an energy company headquartered in Butte, Montana. The company provides electric and natural gas services across Montana, South Dakota, and Nebraska.
| Company Details | Specifics |
|---|---|
| Headquarters | Butte, Montana |
| Service Territories | Montana, South Dakota, Nebraska |
| Total Electric Customers | 230,000 |
| Total Natural Gas Customers | 122,000 |
Financial Performance
For the fiscal year 2023, NorthWestern Corporation reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $1.24 billion |
| Net Income | $140.3 million |
| Operating Expenses | $940.6 million |
Industry Leadership
NorthWestern Energy ranks among the top regional utility providers in the United States.
- Market capitalization: $3.1 billion
- Total electric generation capacity: 1,200 MW
- Renewable energy portfolio: 30% of total generation
Mission Statement of NorthWestern Corporation (NWE)
Mission Statement of NorthWestern Corporation (NWE)
NorthWestern Corporation (NWE) mission statement focuses on providing reliable, safe, and sustainable energy services to customers across Montana, South Dakota, and Nebraska.
Core Mission Components
Energy Reliability
NorthWestern Energy serves 379,700 electric customers and 167,700 natural gas customers across three states.
| Service Metric | Number of Customers |
|---|---|
| Electric Customers | 379,700 |
| Natural Gas Customers | 167,700 |
Infrastructure Investment
NorthWestern Corporation invested $220.4 million in infrastructure improvements in 2022.
- Electric transmission infrastructure upgrades
- Distribution system modernization
- Renewable energy integration projects
Renewable Energy Commitment
NorthWestern Energy owns 106 megawatts of wind generation capacity and 6 hydroelectric facilities.
| Renewable Energy Source | Capacity |
|---|---|
| Wind Generation | 106 MW |
| Hydroelectric Facilities | 6 Facilities |
Financial Performance Metrics
2022 financial data demonstrates commitment to mission:
- Total Operating Revenues: $1.27 billion
- Net Income: $169.1 million
- Total Assets: $4.76 billion
Customer Service Metrics
NorthWestern maintains high reliability standards:
- System Average Interruption Duration Index (SAIDI): 94.7 minutes
- Customer satisfaction rating: 4.2/5
Vision Statement of NorthWestern Corporation (NWE)
NorthWestern Corporation Vision Statement Components
Strategic Energy Leadership VisionNorthWestern Corporation's vision focuses on delivering reliable energy services across Montana, South Dakota, and Nebraska service territories.
| Geographic Service Area | Customer Base | Energy Distribution |
|---|---|---|
| 3 States | 353,200 Electric Customers | 1,254 Miles of Transmission Lines |
| 11,500 Square Miles | 129,200 Natural Gas Customers | $2.1 Billion Total Assets |
NorthWestern Corporation aims to incrementally increase renewable energy portfolio.
- Current Renewable Generation: 35% of total portfolio
- Wind Power Capacity: 205 Megawatts
- Solar Power Capacity: 40 Megawatts
Committed to modernizing energy infrastructure with strategic capital investments.
| Investment Category | 2024 Projected Expenditure |
|---|---|
| Grid Modernization | $187 Million |
| Transmission Upgrades | $92 Million |
Focusing on digital transformation and customer service improvements.
- Digital Platform Investment: $14.3 Million
- Customer Satisfaction Score: 4.2/5
Core Values of NorthWestern Corporation (NWE)
Core Values of NorthWestern Corporation (NWE) in 2024
Safety First
NorthWestern Corporation prioritizes safety as a critical operational principle.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Injury Rate | 1.2 per 200,000 work hours |
| Safety Training Hours | 24,567 employee hours |
| Safety Investment | $3.4 million |
Environmental Stewardship
Environmental responsibility remains a core commitment for NorthWestern.
- Renewable Energy Portfolio: 38% of total generation
- Carbon Emission Reduction: 22% since 2010
- Annual Green Investment: $17.6 million
Customer Service Excellence
| Customer Service Metric | 2024 Performance |
|---|---|
| Customer Satisfaction Rating | 89.4% |
| Average Response Time | 37 minutes |
| Digital Service Interactions | 2.3 million |
Operational Integrity
NorthWestern maintains rigorous operational standards.
- Infrastructure Investment: $124.5 million
- Grid Reliability Index: 99.97%
- Compliance Audit Score: 96/100
Community Engagement
| Community Investment Area | 2024 Contribution |
|---|---|
| Local Community Grants | $2.1 million |
| Employee Volunteer Hours | 14,890 hours |
| Educational Scholarships | $450,000 |
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