MDU Resources announces $2.8B five-year capital plan; utility spending up 44%

MDU RESOURCES GROUP INC

Planned capital investments of $2.8B from 2024-2028, a 15% increase vs prior five years.
Regulated energy delivery spending totals $2.708B; electric and gas utilities up 44%.
Rate base for utilities expected to grow 6%-7% compounded annually over five years.
Tax-free spinoff of construction services unit expected to close in late 2024.
Pipeline business includes Wahpeton Expansion project planned for 2024.

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