YEAR ENDING 2025
ANNUAL REPORT
OF
NorthWestern Energy
ELECTRIC UTILITY
Docket 2026.01.001
TO THE
PUBLIC SERVICE COMMISSION STATE OF MONTANA
1701 PROSPECT AVENUE
P.O. BOX 202601
HELENA, MT 59620-2601
Electric Annual ReportTable of Contents
Description Schedule
Instructions
Identification 1
Board of Directors 2
Officers 3
Corporate Structure 4
Corporate Allocations 5
Affiliate Transactions - To the Utility 6
Affiliate Transactions - By the Utility 7
Montana Utility Income Statement 8
Montana Revenues 9
Montana Operation and Maintenance Expenses 10
Montana Taxes Other Than Income 11
Payments for Services 12
Political Action Committees/Political Contributions 13
Pension Costs 14
Other Post Employment Benefits 15
Top Ten Montana Compensated Employees 16
Top Five Corporate Compensated Employees 17
Balance Sheet 18
vii
continued on next page
Description | Schedule |
Montana Plant in Service | 19 |
Montana Depreciation Summary | 20 |
Montana Materials and Supplies | 21 |
Montana Regulatory Capital Structure | 22 |
Statement of Cash Flows | 23 |
Long Term Debt | 24 |
Preferred Stock | 25 |
Common Stock | 26 |
Montana Earned Rate of Return | 27 |
Montana Composite Statistics | 28 |
Montana Customer Information | 29 |
Montana Employee Counts | 30 |
Montana Construction Budget | 31 |
Peak and Energy | 32 |
Sources and Disposition of Energy | 33 |
Sources of Electric Supply | 34 |
MT Conservation and Demand Side Management Programs | 35 |
Electrical Universal Systems Benefits Programs | 35a |
MT Conservation and Demand Side Management Programs | 35b |
Montana Consumption and Revenues | 36 |
viii
Sch. 1 | IDENTIFICATION | |
1 | ||
2 | Legal Name of Respondent: | NorthWestern Corporation |
3 | ||
4 | Name Under Which Respondent Does Business: | NorthWestern Energy |
5 | ||
6 | Date Utility Service First Offered in Montana: | Electricity - Dec 12, 1912 |
7 | Natural Gas - Jan 01, 1933 | |
8 | Propane - Oct 13, 1995 | |
9 | ||
10 | Person Responsible for Report: | Jeff B. Berzina |
11 | ||
12 | Telephone Number for Report Inquiries: | (406) 497-2759 |
13 | ||
14 | Address for Correspondence Concerning Report: | 11 East Park Street |
15 | Butte, MT 59701 | |
16 | ||
17 | ||
18 | ||
If direct control over respondent is held by another entity, provide below the name, | ||
address, means by which control is held and percent ownership of controlling | ||
entity: | ||
Respondent is a wholly-owned, direct subsidiary of NorthWestern Energy Group, Inc. At | ||
December 31, 2025, NorthWestern Energy Group, Inc. owned 100% of the common stock | ||
of respondent. | ||
Schedule 1
Sch. 2 | BOARD OF DIRECTORS | |
Director's Name & Address (City, State) | Remuneration | |
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 | See NorthWestern Corporation's Annual Report FERC Form No. 1 page 105 for our Corporate Board of Directors. | |
Schedule 2