secwatch.observer — SEC 8-K summary
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Issuer:     BASIN ELECTRIC POWER COOPERATIVE (—)
CIK:        0000720515
Form:       8-K
Filed at:   2026-09-18T15:51:19+00:00
Accession:  0000720515-26-000022
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.06
LLM model:  deepseek-v4-flash:cloud@v2

Basin Electric to record $400-600M impairment on Dakota Gas assets
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- Board approved 10-yr forecast on Sept 15, 2026; projects Dakota Gas may not operate to 2047.
- Pre-tax non-cash impairment charge estimated at $400-600M for Q3 ending Sept 30, 2026.
- Seeking Rural Utilities Service approval for regulatory recovery over up to 20 years.
- Company expects no material effect on operations, cash flows, liquidity, or debt covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720515/000072051526000022/0000720515-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720515/000072051526000022/basin-20260915.htm
  HTML page:      https://secwatch.observer/filing/0000720515-26-000022

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