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NorthWestern Energy Welcoming Energy West Employees and Customers

1. NorthWestern Energy acquires Energy West customers, boosting customer base significantly. 2. Energy West transition expected to complete by July 2025. 3. Acquisition enhances NorthWestern's service offerings and operational capabilities. 4. Existing rates for new customers will remain stable during the transition.

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FAQ

Why Bullish?

The acquisition of Energy West customers expands NorthWestern's market presence, similar to previous successful integrations. Historical data shows that acquiring new customers typically leads to revenue growth.

How important is it?

The acquisition significantly adds to NorthWestern's customer base, providing potential for revenue growth. Additionally, maintaining existing rates boosts customer retention and satisfaction.

Why Long Term?

The long-term benefits are likely to manifest as revenue increases and operational synergies develop, drawing from cases where similar acquisitions have strengthened utility companies over years.

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NWESREDEDAWK
- BUTTE, Mont.--(BUSINESS WIRE)--NorthWestern Energy is proud to welcome 33,000 Energy West customers and 43 valued employees, more than half of these new team members are represented by NorthWestern’s labor union partners. “We are excited to welcome the Energy West employees to the NorthWestern family,” said NorthWestern Energy President & CEO Brian Bird. “They will join various departments, including Customer Care, Operations, Technology, Finance, Safety, and Warehousing. In addition to welcoming new employees, we are also looking forward to serving Energy West and Cut Bank Gas customers.” NorthWestern Energy announced the intent to acquire the assets of Energy West and Cut Bank Gas on July 30, 2024. Energy West and Cut Bank Gas customers will transition to NorthWestern Energy customers effective July 1, 2025. Existing Energy West and Cut Bank Gas rates will remain in place. Impacted Energy West and Cut Bank Gas customers have been sent notifications about the transition to NorthWestern Energy. Of the 33,000 Energy West and Cut Bank Gas customers who will become NorthWestern Energy customers, approximately 30,000 are existing NorthWestern Energy customers who will now receive a combined electric and gas bill from NorthWestern Energy. The remaining gas customers who are not NorthWestern Energy electric customers will receive a gas-only bill from NorthWestern. Follow us on Facebook and LinkedIn and Instagram: @NorthWesternEnergy NorthWestern Energy - Delivering a Bright Future NorthWestern Energy provides essential energy infrastructure and valuable services that enrich lives and empower communities while serving as long-term partners to our customers and communities. We work to deliver safe, reliable, and innovative energy solutions that create value for customers, communities, employees, and investors. We do this by providing low-cost and reliable service performed by highly adaptable and skilled employees. We provide electricity and / or natural gas to approximately 787,000 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Our operations in Montana and Yellowstone National Park are conducted through our subsidiary, NW Corp, and our operations in South Dakota and Nebraska are conducted through our subsidiary, NWE Public Service. We have provided service in South Dakota and Nebraska since 1923 and in Montana since 2002. More News From NorthWestern Energy

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