Core Insights - MDU Resources has joined the North Plains Connector utility consortium, marking its commitment to enhancing electrical infrastructure and reliability [1][3] - The consortium aims to develop a high-voltage direct current (HVDC) transmission line that will connect the Eastern and Western Interconnections, with MDU Resources securing 150 megawatts of capacity [1][2] - The North Plains Connector project is expected to significantly contribute to MDU's energy portfolio, representing over 15% of its 2024 peak load [2][3] Company Involvement - MDU Resources signed a non-binding memorandum of understanding (MOU) with North Plains Connector LLC for 150 megawatts of capacity on the 420-mile HVDC project [1][2] - The project will allow MDU Resources to own a portion of the 3,000-megawatt capacity once operational, enhancing its strategic investments in electrical infrastructure [2][3] - MDU Resources is the first utility from North Dakota to join the consortium, indicating a strong regional commitment to improving the electric grid [3] Project Details - The North Plains Connector project represents a multi-billion-dollar investment in Montana and North Dakota, expected to create over 800 jobs during construction [5] - The project will facilitate bidirectional power flow, accommodating various generation sources based on market needs [6] - Construction is anticipated to begin in 2028, with operations expected to start in 2032 [7] Industry Context - The North Plains Connector will be the first HVDC transmission connection among three regional electric energy markets, enhancing grid reliability and market connections [4] - Other utilities involved in the project include Puget Sound Energy, Portland General Electric, Avista, and NorthWestern Energy, all of which are expected to meet approximately 15% or more of their 2024 peak loads through this initiative [3][4]