NorthWestern Energy and Black Hills Announce Merger of Equals to Create Bright Horizon Energy
July 29, 2026
NorthWestern Energy Group and Black Hills Corporation entered into an all-stock merger agreement that combines the two electric utility operators into an equal partnership. Shareholders approved the merger and multiple regulators (FERC, Nebraska, and South Dakota public utility commissions) have already approved it; Montana regulatory approval remains and the companies expect closing by year-end 2026.
- Buyers
- NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy, Black Hills Corporation
- Targets
- NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy, Black Hills Corporation
- Industry
- Infrastructure
- Location
- United States
- Transaction Type
- Buyout
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