NorthWestern Energy (NWE) Reports Strong 2009 Net Income
NorthWestern Energy Corp. reported net income of $25.6 million, or $0.70 per diluted share, for the fourth quarter of 2009. This was up from the $21.2 million, or $0.59 per diluted share, reported in the fourth quarter of 2008. Operating income for the fourth quarter was $49 million, down from the $51 million in 2008. Bob Rowe, the CEO of NorthWestern Energy, said, “While our 2009 net income improved compared with 2008, we recognize that our operating income decreased due primarily to an increase in operating costs related to a reduction in insurance recoveries and litigation settlements, increased insurance reserves…