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Please stop by often to check out the information about shareholders' interests as we will be making changes and adding new information regularly.

Legislative Activity

USND had an active 2021 legislative session.  With the utility industry transitioning across the country to include more renewables, baseload fuels are fighting for their future on multiple fronts.  At the RTO level, fuel-based advocacy groups gained a seat at the table to help guide market pricing models which to this point, have not placed value on resiliency and 24/7 availability of baseload sources.  North Dakota has a vested interest in supporting the coal industry, as it contributes significantly to both the communities in which it is mined and generated into electricity and the state's operating and research coffers.  Successful bills proposed during the 2021 session sought to support the lignite industry through research dollars and state methods of valuing baseload generation for investor-owned utility generation planning, rate recovery for baseload electricity gained through power purchase agreements, tax holidays for lignite generation, and study into ESG pressures and insurance concerns within the energy industry.   Other more punitive bills proposed to limit renewable production by way of significant tax increases and create an onerous process by which business decisions are made at generatoin facilities failed.  

With reliability of regional transmission organizations at the forefront of current discussion, the 2023 session looks to be as interesting as 2021. 

The 2023 legislative session will commence on January 3, 2023.  The 2023 legislative body will be comprised of new leadership in both the House and Senate, as the legislators currrently holding those positions have decided to retire.  Additionally, there will be new appropriations chairs in both chambers.  While new leadership provides opportunity, it comes with the loss of decades of institutional knowledge.