Posted: Sep 27, 2013 9:01 PM by Dennis Bragg - MTN News
Updated: Sep 27, 2013 9:01 PM
POLSON - Tribal managers say this week's sale of Kerr Dam won't interfere with their efforts to take over ownership of the structure in less than two years.
On Thursday, PPL Montana announced it had reached an agreement to sell its hydroelectric facilities in the state to Northwest Energy, in a deal valued at $900 million.
That transfer includes 11 PPL dams around the Treasure State, including the Thompson Falls Dam and Kerr Dam near Polson.
The sale raised the immediate question of whether the deal could change plans by the Confederated Salish and Kootenai Tribes to take over ownership of the dam in 2015.
But tribal managers say the change shouldn't have any impact on its plans.
Energy Keepers CEO Brian Lipscomb said the tribe has been in binding arbitration with PPL over the price of the dam and is expecting those negotiations will continue with NorthWestern. He tells MTN the tribe is still focused on taking ownership of the dam by September 2015, which is the earliest it could do so under terms of the federal license for the structure.