| What is the Utility
Shareholders of North Dakota (USND)?
USND is an organization of
shareholders with the common interest of investing in one or
more of North Dakota's investor owned energy utilities -- MDU
Resources Group; Xcel
Energy, formerly Northern States Power; or Otter
Tail Corporation. While Otter Tail provides
electric utility services, MDU and Xcel provide both electricity
and natural gas in their trade areas.
Membership is open to any
person who owns one or more shares of stock in any one of the
three utility companies. USND is organized to provide a unified
voice for these shareholders in public policy matters that could
have an impact on the value of utility shares.
Our mission is "To
establish and maintain a positive, credible and independent
voice regarding matters affecting investors in utility companies
operating in North Dakota".
Why is this organization
necessary?
Over the last several years the
utility industry has been experiencing the changes and
challenges of deregulation. Starting with the deregulation of
the natural gas industry, action is now moving along to
deregulate electric utilities. Currently, some 24 states have
either established a deregulated retail electricity market place
or are in the planning stages. Since electric cooperatives and
municipal electric systems are not required to offer open access
to their consumers, deregulation is not universal in the states
in which it is present.
North Dakota does not permit
direct access for electrical consumers today, but might in the
future. And, if deregulation comes to our state, USND will be
there standing up for your rights. If you are not now a member,
and if you are a shareholder in one of North Dakota's three
investor-owned utilities, you can register on line, at
www.usnd.org by clicking the "join now" option on the
home page.
Further, there are many other issues that could impact the value of your utility
investments, and USND will participate in those discussions as
well.
There are more
questions than answers about the utility issue future. One thing is for certain,
however, and that certainty
is the utility industry of tomorrow will be very different than
the utility industry of today.
To help protect your investment,
join the Utility Shareholders of North Dakota today! Click here
to sign up now!
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