Polson, Mont. — Energy Keepers, Inc. (EKI), has successfully paid the conveyance price of $18.2 million to purchase the Kerr Hydroelectric Project from NorthWestern Energy.
EKI is the corporation of the Confederated Salish and Kootenai Tribes responsible for acquiring the Kerr Project, and subsequently managing operations upon ownership of the hydro facility. Payment by the tribal entity concludes the final steps necessary for the Tribes to become the first in the nation to own and operate a major hydroelectric generating project.
“We paid the conveyance price, and Northwestern accepted,” said Brian Lipscomb, CEO of EKI. “Under the contract that was negotiated thirty years ago, today we can rest assured that both parties have performed, in good faith, and both EKI and Northwestern Energy have met their obligations— allowing the Tribes to become owners of Kerr Dam.”