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Oct 28, 2026
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Montana PSC Delays Decision on $15 B Northwestern‑Black Hills Merger

Missoula, MT – The Montana Public Service Commission (PSC) announced it will take a few more weeks before issuing a final ruling on the $15 billion merger proposal that would combine Northwestern Energy with Black Hills Corporation. The commission plans to meet again on Nov. 10, two days before the statutory deadline, to evaluate any remaining conditions that could protect ratepayers.

Commissioners split on timing

Commissioner Jennifer Fielder called for a postponement, saying she wants the board to “take one final look at any additional conditions” before signing off. “I share many of the concerns that we’ve heard about this merger and the proposal,” Fielder said, adding that the commission has already addressed many issues through expert analysis and settlement agreements. “But there’s still some outstanding issues that I would like the commission to be able to address through conditions.”

Not all commissioners agreed with a delay. Commissioners Annie Bukacek and Kirk Bushman voted to move forward. Bukacek warned that “every delay costs ratepayers; additionally, I mean, staff time, travel time for attorneys and administrators were taking staff away from other dockets that are also pressing.” She noted that the application was filed over a year ago and the hearing took place nearly six months ago, concluding, “I think enough’s enough.”

What the merger means for Montanans

The proposed consolidation would create one of the largest utility entities in the region, potentially reshaping electricity service for millions of customers across Montana and neighboring states. Proponents argue that the merger could bring operational efficiencies, lower costs, and greater investment in grid modernization. Critics, however, worry about reduced competition, higher rates, and the ability of a single, larger utility to respond to local concerns.

Commissioner Fielder emphasized that the PSC’s primary duty is to safeguard ratepayers. “Our job is to ensure that any agreement protects consumers and maintains reliable service,” she said. The commission’s staff has prepared a detailed analysis of the merger’s financial and operational impacts, which will be reviewed again before the final vote.

Next steps

The PSC will post any additional conditions or modifications to the merger agreement on its website as they develop. The November 10 meeting will be open to the public, giving Montanans a chance to voice support or concerns. After that meeting, the commission is expected to issue its final decision by the statutory deadline later that month.

Montana is the last of eight states still reviewing the Northwestern‑Black Hills deal. As the deadline approaches, the outcome will be closely watched by both industry observers and consumer advocates who see the decision as a bellwether for utility regulation in the West.


Original reporting: NewsTalk KGVO 1290 (Townsquare) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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