Energy Infrastructure

NorthWestern Energy Group is launching an all-source capacity RFP on August 15, 2025, for its South Dakota electric grid to enhance reliability due to rising demands. They also explore Southwest Power Pool’s resource adequacy study. Aion Energy LLC will administer the RFP. NorthWestern Energy ensures electricity supply through owned assets, agreements, and market acquisitions, serving ~842,100 customers across Montana, South Dakota, Nebraska, and Yellowstone Park aiming at cost-effective service.

ONEOK (OKE) announced the pricing of a $3.0 billion senior notes offering. The offering includes tranches of 7-year, 10-year, and 30-year notes. Net proceeds, estimated at $2.96 billion, will be used to retire commercial paper and repay senior notes due in 2025. Remaining funds will go towards general corporate purposes, potentially including further debt reduction. The offering is expected to close around August 12, 2025. Several major financial institutions are involved as joint book-running managers and co-managers.

Xcel Energy plans a significant expansion of energy infrastructure in Texas and New Mexico to meet a projected 40% surge in electricity demand by 2030. The $5 billion investment includes adding 5,168 MW of capacity through 17 new power projects utilizing wind, solar, battery storage, and natural gas. The initiative aims to boost electric reliability, grid resilience, and economic growth. Regulatory approval is expected in the second half of 2025.