MDU Resources investment in wind farm deemed prudent, cost-effective

MDU Resources (MDU) is pleased to announce that its subsidiary, Montana-Dakota Utilities Co., was granted an Advanced Determination of Prudence and Certificate of Public Convenience and Necessity by the North Dakota Public Service Commission for MDU’s planned acquisition of a 49% ownership interest in the Badger Wind Farm. The Badger Wind project is currently under construction near Wishek, North Dakota, and is anticipated to be complete near the end of 2025. As previously announced, the estimated investment for the project is approximately $294M for a 122.5 MW stake in the net 250 MW wind project. The ADP issued by the NDPSC affirms that the Badger Wind project is prudent up to an investment of $295.5M, including $1.5M of internal costs capitalized as part of the project, providing a regulatory framework that supports the project’s financial viability and long-term value to customers.