"Our main objective is to provide our customers with safe, reliable and low-cost service," said Nicole Kivisto, president and CEO of Montana-Dakota. The company has begun the development process to construct an 88-megawatt simple-cycle peaking unit at the Heskett Station site, and anticipates submitting an advance determination of prudence request with the North Dakota Public Service Commission this fall. EX-21 17 ex-21.htm SUBSIDIARIES OF MDU RESOURCES GROUP, INC. MDU RESOURCES GROUP, INC. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. "The age of the plants, low-cost competition on the market, and the ongoing cost to operate the plants all have contributed to the plants being too expensive to operate much longer.". Contributions in the 2020 cycle: $60,500. The analysis done while preparing the integrated resource plan (IRP), which the company puts together every two years and files with regulatory commissions, points to the retirement of two aging coal-fired plants and the construction of the natural gas combustion turbine. Lobbying in 2019: $60,000. Montana-Dakota Utilities Co., a subsidiary of MDU Resources Group, distributes natural gas and generates, transmits and distributes electricity and provides related services in the northern Great Plains. If the company meets the proposed retirement timeline, the plants will range in age from 58-67 years old. Montana-Dakota's customers also have benefited from low-cost energy available on the MISO market and the long-range forecast calls for similar savings in future years. This does not always happen, however, often depending on the underlying fundamentals of the business. Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. Document/Exhibit Description Pages Size 1: 10-K Mdu Resources Group, Inc. 2004 10-K 156± 674K 2: EX-12 Computation of Ratio of Earnings 2± 9K 3: EX-21 Subsidiaries of Mdu Resources Group, Inc. 2± 11K 4: EX-23 Independent Auditors' Consent 1 8K 5: EX-31.A Section 302 Certification of CEO 2± 11K 6: EX-31.B … Low-cost power available on the market, due to low-cost natural gas and increasing wind resources, as well as rising costs to operate these facilities, led to the decision to retire the coal plants. BISMARCK, N.D. — Feb. 4, 2020 — MDU Resources Group, Inc. (NYSE: MDU) today reported earnings increased 23% in 2019 to $335.5 million, or $1.69 per share, compared to 2018 earnings of $272.3 million, or $1.39 per share.In the fourth quarter of 2019, the company’s earnings were $95.1 million, or 47 cents … MDU Resources Group Stock (NYSE) MDU Dividend policy Increase Price as of: DEC 11, 02:00 PM EDT $24.78 +0.04 +0.16% MDU: NYSE (Stock) MDU Resources Group Dividend policy Increase Price as of: DEC 11, 02:00 PM EDT $24.78 +0.04 +0.16% MDU: NYSE (Stock) MDU Resources Group MDU Resources Group organization profile. MDU Resources Group (MDU) has 4 splits in our MDU split history database. For more information about MDU Resources, see the company's website at www.mdu.com or contact the Investor Relations Department at investor@mduresources.com. "The IRP process helps guide us in making decisions to meet those objectives. With HomeServe’s coverage plans, you can save money, eliminate the inconvenience of finding a quality contractor and be sure that the job is professionally completed and guaranteed. The new generation resource was selected as part of Montana-Dakota's IRP. The retirements are expected around the end of 2020 for Lewis & Clark Station in Sidney, Montana, and around the end of 2021 for units 1 and 2 at Heskett Station in Mandan, North Dakota. NRG Split History They combine for 100 MW of power. This is an indicator that MDU has no "real" intention of clean up the mess that is currently going into Puget Sound. MDU Resources Group General Information Description. For example, a 1000 share position pre-split, became a 1500 share position following … In addition, certain states in which we operate have statutes addressing tobacco usage, including smoking, and MDU Resources Group and its subsidiaries comply with all such laws. BISMARCK, N.D. (AP) - A subsidiary of MDU Resources Group has agreed to sell its interest in the Pronghorn natural gas processing plant. This was a 3 for 2 split, meaning for each 2 shares of MDU owned pre-split, the shareholder now owned 3 shares. A plan is in place intended to maintain staff until the plant retirements, and the company will offer training for employees who wish to fill open positions in other areas of the company. (adsbygoogle = window.adsbygoogle || []).push({}); Looking at the MDU split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. MDU Construction Services Group has a line on the electrical contracting business. The company serves approximately 143,000 electric customers and 275,000 natural gas customers in 262 communities in North Dakota, South Dakota, Montana and Wyoming. See insights on MDU Resources Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. View real-time stock prices and stock quotes for a … Montana-Dakota Utilities Co., a subsidiary of MDU Resources, distributes natural gas and generates, transmits and distributes electricity and provides related services in the northern Great Plains. Lewis & Clark went online in 1958 and provides 44 MW of power. 1980. Heskett and Lewis & Clark have met that objective for many years, but our analysis is showing those units are no longer cost competitive for our customers.". Through its subsidiaries, Co. is organized into five reportable business segments: electric, which generates, transmits and distributes electricity in Montana, North Dakota, South Dakota and Wyoming; natural gas … MPPAA - Multiemployer Pension Plan … In cooperation with stakeholders, MISO manages approximately 65,000 miles of high-voltage transmission and 200,000 MW of power-generating resources across its footprint.Â. NFG Split History MDU Resources Group Inc is a construction and natural resources company operating in the United States. MDU Resources Group provides natural resource products and related services that are essential to energy and transportation infrastructure. The first split for MDU took place on October 16, 1995. EX-21 15 subsidiaries.htm SUBSIDIARIES OF MDU RESOURCES ... MDU RESOURCES GROUP, INC. WBI Energy Corrosion Services is part of the WBI Energy family of companies which are all indirect wholly owned subsidiaries of MDU … The information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. You must be logged into your account to submit an e-mail message. MDU Resources companies and its subsidiaries do not accept unsolicited resumes. Outside Spending in the 2020 cycle: $0. These dates may be impacted by the company's coal supplier's pending bankruptcy proceeding. MDU Resources Group, Inc. is an Equal Opportunity Employer/Affirmative Action employer. MDU Resources (NYSE:MDU) subsidiaries, Bombard Electric, LLC, and Bombard Mechanical, LLC, have been awarded contracts for electrical and mechanical construction at Resorts World Las Vegas, a mega-res The company, a unit of MDU Resources Group, provides electrical line construction, pipeline construction, inside electrical wiring, and cabling services.MDU Construction Services also manufactures and distributes related specialty equipment. OPTT Split History, Also explore: MDU shares outstanding history, Brookfield Renewable Partners L.P. (BEP), stock quote data powered by Ticker Technologies, MDU Resources Group is a holding company. NEE Split History MDU Construction Services Group, Inc. is an industry-leading specialty contractor Electrical, mechanical and fire suppression Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. Knife River Corporation provides construction materials and contracting services, including aggregate, asphalt, building materials, cement, construction services, liquid asphalt, and ready-mix conc… Below, we examine the compound annual growth rate — CAGR for short — of an investment into MDU Resources Group shares, starting with a $10,000 purchase of MDU, presented on a split-history-adjusted basis factoring in the complete MDU split history. To view … The IRP process includes four areas: Load forecasting, demand-side analysis, supply-side analysis, and integration and risk analysis. MDU Resources Group, Inc. Health and Welfare Benefits Program - Provide payment for various health and welfare claims and premiums for active employees and certain retired employees of certain subsidiaries and divisions of MDU Resources Group, Inc. Ruling year info. Montana-Dakota Utilities collaborated with HomeServe, a premier provider of home emergency repair programs. MDU Resources has not allocated the clean up costs on it's or it's subsidiaries balance sheet as required by Washington Utility and Transportation Commission rules, and the SEC. According to our. MDU Dividend History & Description — MDU Resources Group Inc. MDU Resources Group is a holding company. The total cost of building and operating a new simple-cycle combustion turbine, coupled with market purchases, is expected to be about half the total cost of continuing to run the Heskett and Lewis & Clark coal-fired units. The IRP is a way to consider all resource options reasonably available to meet the end-use customer's demand for reliable and cost-effective energy, and provide a road map for Montana-Dakota's future resources. 15 - Subsidiaries of Mdu Resources - Accession Number 0000067716-07-000045 - Filing - SEC SEC Info uses JavaScript! NWN Split History MDU Resources Group, Inc., (NYSE: MDU) subsidiary Montana-Dakota Utilities announced today (2/19) that it intends to retire three aging coal-fired electric generation units at two locations within the next two to three years and construct a new simple-cycle natural gas combustion turbine to cost-effectively meet the needs of its customers. MSEX Split History MDU Resources Group’s subsidiary Montana-Dakota Utilities said it intends to retire three aging coal-fired electric generation units at two locations within the next two to three years and construct a new simple-cycle natural gas combustion turbine to cost-effectively meet the needs of its customers. Montana-Dakota has conducted an IRP for many years. MDU Resources Group, Inc., (NYSE: MDU) subsidiary Montana-Dakota Utilities announced today (2/19) that it intends to retire three aging coal-fired electric generation units at two locations within the next two to three years and construct a new simple-cycle natural gas combustion turbine to cost-effectively meet the … Once the units are no longer in operation, Montana-Dakota estimates approximately 10 employees will be needed to operate the two natural gas-fired combustion turbine units at Heskett and the two natural gas-fired reciprocating internal combustion engines at Lewis & Clark. The first coal-fired unit at Heskett went online in 1954 and the second unit in 1963. MDU | Complete MDU Resources Group Inc. stock news by MarketWatch. The corporate offices of MDU Resources Group, Inc. do not have designated smoking areas and are tobacco-free facilities. Buyers agree to release MDUR Surplus, MDU Resources Group, Inc., its subsidiaries, divisions, employees, agents, officers and directors who are not a party to the specific transaction from any liability of any nature whatsoever should a dispute arise between the parties to a transaction. MDU Resources Group has 13,359 employees across 2 locations and $5.34 B in annual revenue in FY 2019. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in MDU Resources' most recent Form 10-Q and 10-K. Media Contact: Mark Hanson, senior public relations representative, 701-530-1093
Montana-Dakota - Montana-Dakota Utilities Co., (formerly known as MDU Resources Group, Inc.) a public utility division of the Company prior to the closing of the Holding Company Reorganization and a direct wholly owned subsidiary of MDU Energy Capital as of January 1, 2019. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. MDU Resources Group, Inc., a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index, is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses. The company generates, transmits, and distributes electricity, as well as distributes natural gas. Cascade Natural Gas Corporation, serving parts of Oregon and Washington, was acquired by MDU Resources in 2006. When a company such as MDU Resources Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Utility subsidiaries Montana-Dakota Utilities, Wyoming Utilities Great Plains Natural Gas, and Cascade Natural Gas deliver gas to more than 977,450 customers and electricity to about 143,350 customers in more … The company is involved in a number of industries through its subsidiaries: Knife River Corporation is involved in construction materials and mining; Centennial Energy Resources is involved in … NGG Split History "The plants have served our customers well, providing low-cost energy for many years, operating roughly twice as long as expected when they were constructed in the mid-1950s and early 1960s," Kivisto said. NJR Split History The company believes a second combustion turbine at Heskett will be cost-effective because the site has existing infrastructure and natural gas supply that serves an existing combustion unit that went online in 2014. MDU Resources has branched out from its roots as a regional utility to cover a range of natural resources businesses. OGE Split History MISO, or the Midcontinent Independent System Operator, is a not-for-profit member-based organization that ensures reliable, least-cost delivery of electricity across all or parts of 15 U.S. states and one Canadian province. Mdu Resources Group Inc - ‘10-K’ for 12/31/06 - EX-21 - Annual Report - Seq. The construction operations, which generate the majority of revenue, provides construction and maintenance services, specializing in electric and communication … Through its subsidiaries, Co. is organized into five reportable business segments: electric, which generates, transmits and distributes electricity in Montana, North Dakota, South Dakota and Wyoming; natural gas distribution, which distributes natural gas in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon and Washington; pipeline and midstream, which provides natural gas transportation, underground storage and gathering services; construction materials and contracting, which mines, processes and sells construction aggregates; and construction services, which provides inside and outside specialty contracting services. Financial Contact: Jason Vollmer, vice president, chief financial officer and treasurer, 701-530-1755. Montana-Dakota currently employs 77 people between the two coal stations. 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