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NorthWestern Energy says FTC approves dam purchase
April 30, 2014/
NorthWestern Energy said Tuesday it has received approval from the Federal Trade Commission for its proposed $900 million purchase of 11 hydroelectric dams in Montana.
The company, in a news release, said FTC approval is a "significant positive step" for its proposal – although the purchase still must be reviewed and approved by the state Public Service Commission and the Federal Energy Regulatory Commission.
"We’ve passed a major milestone at the federal level," said John Hines, vice president of supply for NorthWestern.
