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North Plains Connector welcomes MDU Resources Group Inc. (NYSE:MDU) to its utility consortium. MDU Resources has signed a non-binding memorandum of understanding (MOU) with North Plains Connector LLC, a wholly owned entity of Grid United, for 150 megawatts of capacity on the 420-mile North Plains Connector high-voltage direct current (HVDC) transmission project.
North Plains Connector would be an important part of MDU's energy portfolio, as 150 megawatts of capacity represents over 15% of MDU's 2024 peak load. This proportion aligns with other participating utilities on North Plains Connector – Puget Sound Energy, Portland General Electric (NYSE:POR), Avista (NYSE:AVA), and NorthWestern Energy (NASDAQ:NWE) – whose participation in North Plains Connector could meet approximately 15%, or more, of their 2024 peak loads.
Grid United and ALLETE, Inc. (NYSE:ALE) are jointly developing North Plains Connector. Avista, Portland General Electric, Puget Sound Energy, NorthWestern Energy, and BHE U.S. Transmission have also signed capacity MOUs with the project. Once completed, the project will be the nation's first HVDC transmission connection among three regional electric energy markets – the Midcontinent Independent System Operator, the Western Interconnection and the Southwest Power Pool – improving the reliability and resiliency of the electrical grid across the region while broadening market connections.
