Our Board of Directors regularly reviews opportunities to unlock value for our shareholders. mdu resources group. Communities Served North Dakota South Dakota Montana Wyoming We will diligently work through the separation process to ensure each company is optimized to deliver value for shareholders.. The separation is expected to be completed in 2023. Intermountain Natural Gas Headquarters is located at 555 S. Cole Road, Boise, ID 83709. [10][11] Intermountain Gas Company, serving parts of Idaho, was acquired by MDU Resources in 2008. BISMARCK, N.D., Aug. 4, 2022 /PRNewswire/ MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company. Bachelors Degree in Business or Information Systems or Certification in Business Process Management, Or equivalent combination of education and/or experience, 5+ years in business process analysis or related experience, 3+ years in P&C insurance industry is preferred, Or equivalent combination of education, training, and/or experience, Excellent communication and analytical skills, particularly in providing status updates and providing information to key stakeholders on a regular basis, Work requires the ability to work independently and with minimum supervision, In-depth knowledge in Structured Query Language/Unified Modeling Language or equivalent languages, Knowledge in project management, change management, and organizational savvy, In-depth knowledge in product design, business and IT processes that support effective execution, Ability to effectively communicate business goals, strategies, and/or business problems to provide sound counsel and offer creative solutions, Strong analytical skills, ability to influence without authority, ability to build strong rapport and work collaboratively with others outside of the immediate business function, Ability to negotiate, influence, and compromise, Ability to concurrently manage multiple tasks/projects, with a strong track record of defining and meeting milestones and deadlines, Flexibility to work from anywhere in the United States for most positions, Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours), Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus), Medical, dental, vision, life, and pet insurance, 401 (k) retirement savings plan with company match, Professional and personal development opportunities, Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more. In 1997, MDU Resources started its utility services division, which over the years has expanded its construction services offerings and become the MDU Construction Services Group segment. When is the spinoff expected to be completed? This will also involve communication with the various functional areas and assistance in the development of training programs. The Pipeline and Midstream segment provides natural gas transportation, underground storage, and gathering services primarily in the Rocky Mountain and northern Great Plains regions. Forward-Looking StatementThe information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The combined utility business has a rate base of $2.8 billion and is expected to make $1.6 billion in capital investments over the next five years. The cookies is used to store the user consent for the cookies in the category "Necessary". Help us make this company more transparent. But opting out of some of these cookies may have an effect on your browsing experience. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Locations 1200 W. Century Ave. Bismarck, ND 58503, US Get directions Employees at MDU Resources Group, Inc. Steve Held Vladimir Terzic Harry Pearce Laura Lueder Manager of Communications and. Spinoff of Knife River expected to unlock significant shareholder value. MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. MDU Resources is committed to establishing strong capital allocation strategies for each business that align with each businesss long-term goals. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. WBI Energy provides natural gas transportation and underground storage services through regulated pipeline systems primarily in the Rocky Mountain and northern Great Plains regions of the U.S. and provides non-regulated cathodic protection and other energy-related services. MDU Resources Group, Inc. Anne Jones 701-530-1015 or 800-437-8000, ext. Foshay interests this property today comprises Otter Tail Power's Bemidji division), the Eastern Montana Light & Power Company, centered around Sidney and Glendive, Montana, and the Eastern Montana Utilities Co., which was based in Fairview, Montana. Non-GAAP financial measures are not standardized; therefore, it may not be possible to compare such financial measures with other companies non-GAAP financial measures having the same or similar names. MDU Resources has 69 locations in the United States. J.P. Morgan Securities LLC and PJT Partners are serving as financial advisors for the transaction; Wachtell, Lipton, Rosen & Katz is serving as legal advisor. Employees in the top 10 percent can make over $86,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year. We provide industry leading services with a focus on safety. Enhances MDU Resources strategic focus on regulated utilities, natural gas pipelines and related infrastructure services. MDU Construction Services Group provides market-leading specialty contracting services across the U.S., primarily electrical and mechanical, and transmission and distribution services. 1015 1200 W. Century Ave. Bismarck, ND 58503 Email MDU Construction Services Group, Inc. Tom Nosbusch 701-530-1352 1150 W. Century Ave. Bismarck, ND 58503 Email WBI Energy, Inc. Melinda Steckler 701-530-1025 or 800-437-8000, ext. MDU Resources Group Corporate Headquarters, Office Locations and Addresses | Craft.co For more information, visitwww.kniferiver.com. MDU Resources has 10,140 employees, of which 24 are in a leadership position. As of December 31, 2017, it served 142,901 residential, commercial, industrial, and municipal customers in 178 communities and adjacent rural areas. Rebecca Dorwart's peers at other companies are Kris Vosgerau, Craig Walz, Ryan Kuchenski, Shirley Curt, Tom Herman, Curtis Cross, Damien Craig, Karl Jones. The Company's Electric segment generates, transmits, and distributes electricity. The firm's holdings initially consisted of the electric utility at Cushing, Oklahoma (later sold off to Oklahoma Gas & Electric), Minnesota Electric Light & Power Company, which served the Bemidji, Minnesota area (sold in 1925 to the W.B. The event can be accessed atwww.mdu.com. if the company chooses to hide the private information on their profile from the general public. We are proud of the strong businesses we have built and are confident now is the right time to take this step to best serve our customers, employees, communities and shareholders.. Post-spinoff, MDU Resources intends to maintain a policy consistent with its historic practices. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Denver CO. An upstream oil and gas company part of the MDU Resources Group family of companies. Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2023! Why isnt there a shareholder vote? In addition, The USC Career Center is open - in person and online - as always, all of our services and resources are available to you, including advising, job and internship opportunities, programs, workshops, career fairs, and more. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources. But opting out of some of these cookies may have an effect on your browsing experience. The average employee at MDU Resources makes $52,489 per year. With the spinoff, it is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. By the 1960s it was decided that the company's headquarters should be located within its service territory, in Bismarck, the largest town on the system, and the relocation was completed in 1968. MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. MDU Resources Group, Inc. All rights reserved. Click the link in the email we sent to to verify your email address and activate your job alert. BISMARCK, N.D., Dec. 15, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) on Wednesday submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corporation. The separation will result in two independent, publicly traded and well-capitalized companies, which the MDU Resources board believes will leave each positioned well for durable growth and shareholder value creation. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Throughout this news release, MDU Resources presents financial information prepared in accordance with GAAP, as well as Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), which is considered a non-GAAP financial measure. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. You must click the activation link in order to complete your subscription. Updates will be provided as the company moves toward completing the spinoff. It also offers utility excavation, and mechanical piping and services; and manufactures and distributes transmission line construction equipment and other supplies. In 2001, Knife River sold its remaining coal-mining interests. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in MDU Resources' most recent Form 10-Q and 10-K. Financial Contact:Brent Miller, director of financial projects and investor relations, 701-530-1730Media Contact:Laura Lueder, manager of communications and public relations, 701-530-1095, Cision Distribution 888-776-0942 With respect to forward-looking statements contained herein, a number of factors could cause actual outcomes to vary materially. In the late 1960s, MDU partnered with NWPS and Otter Tail Power in the construction of the Big Stone power plant near Big Stone City, South Dakota. 18 Deep, 3Wide, 7Tall 4.5% Sales Tax will be applied For additional information, contact Jack VandeKop @ (605) 340-5256 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, MDU Resources Board of Directors Names Leadership for Knife River Upon Separation, MDU Resources Declares Quarterly Dividend on Common Stock. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Montana-Dakota Utilities Headquarters is located at 400 N. Fourth Street, Bismarck, ND 58501-4092. This cookie is set by GDPR Cookie Consent plugin. Full-Time. MDU Resources Group, Inc. | Bismarck ND If you experience any issues with this process, please contact us for further assistance. "With the substantial progress we have made, we are expecting the spinoff of Knife River to be complete in the second quarter of 2023," said David L. Goodin, president and CEO of MDU Resources. We expect this transaction to create significant value for our shareholders and believe it will enable us to achieve attractive shareholder returns at both companies, Goodin said. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. To protect our site, we cannot process your request right now. The data presented on this page does not represent the view of MDU Resources and its employees or that of Zippia. It is headquartered in Bismarck, North Dakota, and operates in 48 states. After the end of the lawsuit, MDU refocused on the growing demand for electricity and gas within its newly expanded territory and the necessary system improvements. Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. Conference Call This cookie is set by GDPR Cookie Consent plugin. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. For more information about MDU Resources, visit www.mdu.com or contact the Investor Relations Department at [emailprotected]. The employees at The Williams Companies earn an average yearly salary of $72,686 per year, and the salaries at Peabody Energy average $70,107 per year. Based on our data team's research, David L. Goodin is the MDU Resources's CEO. We're dedicated to providing environmentally friendly and energy-efficient solutions that meet our clients technology and power requirements. Payment Locations - Montana-Dakota Utilities Company Payment Locations Montana-Dakota Home Customer Service Payment Options Payment Locations View all Locations in a list by clicking Directions to a Payment Location can be acquired by clicking the location, then clicking - Western Union Convenience Pay locations - Drop box locations These cookies will be stored in your browser only with your consent. The largest addition of electric utility territory came in 1945, when MDU purchased the Dakota Public Service Company (DPSC) from NorthWestern Public Service Company (NWPS) of Huron, South Dakota. For more information about MDU Resources, visit the company's website at www.mdu.com. This website uses cookies to improve your experience while you navigate through the website. MDU Resources board believes Knife River is poised to benefit from significant investments at the federal and local levels in infrastructure development and upgrades. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, and Wyoming, as well as Idaho, Minnesota, Oregon, and Washington; and offers related value-added services. Given its size and scale today, the MDU Resources Board of Directors believes now is the right time to spin off Knife River to unlock additional value for both MDU Resources and Knife River. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The company believes these non-GAAP financial measures are useful to investors by providing meaningful information about operational efficiency compared to the companys peers by excluding the impacts of differences in tax jurisdictions and structures, debt levels and capital investment. Early history[ edit] MDU Resources may also be known as or be related to MDU Resources, MDU Resources Group, MDU Resources Group Inc and MDU Resources Group, Inc. MDU Resources headquarters is in Bismarck, ND. Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. The companies have since partnered on two base-load power plants (Big Stone and Coyote). Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Messages will be read and responded to as soon as. Necessary cookies are absolutely essential for the website to function properly. These cookies may capture identifiers such as internet protocol addresses and internet or other electronic network activity information. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. All forward-looking statements in this news release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. The MDU Resources board believes the proposed separation will unlock the inherent value within the two companies, which have unique growth prospects and investment opportunities. Pay at MDU Resources is significantly lower than some of its highest paying competitors, like. Overall MDU Resources is a great place to work with competitive salaries, leave time and other benefits. Visit the Career Advice Hub to see tips on interviewing and resume writing. The companys management uses the non-GAAP financial measures in conjunction with GAAP results when evaluating the companys operating results internally and calculating compensation packages. [7] Additionally, OSHA cited and fined Loy Clark for safety violations as a result of this incident. Project Manager at Mdu Resources Group Inc. Project Managers are responsible for planning, implementing, and managing projects. BISMARCK, N.D. Aug. 4, 2022 MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. We have built Knife River into a leading construction materials business and believe now is the right time to spin it off to unlock additional value for both MDU Resources and Knife River. The two 'Eastern Montana' utilities became the nucleus of Montana-Dakota Utilities' operations. Company Mdu Resources Group Inc. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. Shortly after passage of the Public Utility Holding Company Act of 1935 (PUHCA), Heskett reorganized all the gas and electric subsidiaries of Minnesota Northern Power under a new name Montana-Dakota Utilities. By providing your email address below, you are providing consent to MDU Resources to send you the requested Investor Email Alert updates. We are taking an important step to significantly enhance the value inherent in our businesses by creating two focused, independent publicly traded companies, said David L. Goodin, president and CEO of MDU Resources. It also distributes cement and asphalt oil. 12 on list of top 600 specialty contractors. The national average salary for an employee at MDU Resources Group is $55,677 per year, or $26.77 an hour. Today, from our headquarters in Bismarck, North Dakota, we have more than 16,000 employees during peak construction season operating across the country, delivering energy and providing construction materials and services. The employee data is based on information from people who have self-reported their past or current employments at MDU Resources.
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