2 results
DEF 14A
NorthWestern Energy Group, Inc.
6 Mar 24
Definitive proxy
2:58pm
Unless you specifically withhold your authority to vote for the election of directors, the persons named in the accompanying proxy intend to vote “FOR” the election of each of the following director nominees:
Name Occupation | Independent | Age | Director Since | Committee Membership | ||||||||||
Brian Bird President and CEO, NorthWestern Energy | No | 61 | 2023 | N/A | ||||||||||
Anthony Clark Senior Advisor, Wilkinson Barker Knauer, LLP; former Commissioner, FERC and NDPSC (and Chair) | Yes | 52 | 2016 | Comp; Gov. (Chair) | ||||||||||
Sherina Edwards Former Chief Strategy Officer, Mastec, Inc.; former Commissioner, Illinois Commerce Commission | Yes | 40 | 2023 | Comp; Gov. | ||||||||||
Jan Horsfall Chief Operations Officer, Sparq Games, Inc. | Yes | 63 | 2015 | Operations (Chair); Audit | ||||||||||
Britt Ide CEO, Ide Energy & Strategy | Yes | 52 | 2017 | Comp.; Gov. | ||||||||||
Kent Larson Retired Executive Vice President and Group President, Xcel Energy | Yes | 64 | 2022 | Audit; Operations | ||||||||||
Linda Sullivan Retired Executive Vice President and CFO, American Water | Yes | 60 | 2017 | Board Chair | ||||||||||
Mahvash Yazdi President, Feasible Management Consulting | Yes | 72 | 2019 | Comp. (Chair); Operations | ||||||||||
Jeffrey Yingling Co-Founder, General Partner, Energy Capital Ventures | Yes | 64 | 2019 | Audit (Chair); Gov. |
10-K
2023 FY
NorthWestern Energy Group, Inc.
14 Feb 24
Annual report
7:42pm
The most important component of an investment strategy is the portfolio asset mix, or the allocation between the various classes of securities available. The mix of assets is based on an optimization study that identifies asset allocation targets in order to achieve the maximum return for an acceptable level of risk, while minimizing the expected contributions and pension and postretirement expense. In the optimization study, assumptions are formulated about characteristics, such as expected asset class investment returns, volatility (risk), and correlation coefficients among the various asset classes, and making adjustments to reflect future conditions expected to prevail over the study period. Based on this, the target asset allocation established, within an allowable range of plus or minus 5 percent, is as follows:
NorthWestern Energy Pension | NorthWestern Corporation Pension | NorthWestern Energy Health and Welfare | |||||||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||||||||||||
Fixed income securities | 45.0 | % | 45.0 | % | 90.0 | % | 90.0 | % | 40.0 | % | 40.0 | % | |||||||||||||||||||||||
Non-U.S. fixed income securities | — | — | — | 1.0 | — | — | Opportunistic fixed income | 11.0 | 5.5 | 3.0 | — | — | — | Global equities | 38.5 | 44.0 | 7.0 | 9.0 | 60.0 | 60.0 | Private real estate | 5.5 | 5.5 | — | — | — | — | ||||||||
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