MDU Resources Group, Inc. announced that its subsidiary, Montana-Dakota Utilities Co., was granted an Advanced Determination of Prudence (ADP) and Certificate of Public Convenience and Necessity (CPCN) by the North Dakota Public Service Commission (NDPSC). This approval pertains to MDU's planned acquisition of a 49% ownership interest in the Badger Wind Farm.
The ADP issued by the NDPSC affirms that the Badger Wind project is prudent up to an investment of $295.5 million, which includes $1.5 million of internal costs capitalized as part of the project. This regulatory framework supports the project's financial viability and long-term value to customers.
The Badger Wind project, located near Wishek, North Dakota, is currently under construction and is anticipated to be completed near the end of 2025. The estimated investment for MDU's 122.5 MW stake in the net 250 MW wind project is approximately $294 million, making this regulatory approval a pivotal milestone for the company's renewable energy strategy.
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