NorthWestern Corp. Announces Second Quarter Results
SIOUX FALLS, S.D. - NorthWestern Corp. reported financial results for the second quarter ended June 30, 2004, and filed the company's second quarter 2004 Form 10-Q with the Securities and Exchange Commission.
NorthWestern reported a consolidated loss on common stock in the second quarter of 2004 of $4.8 million, compared with a consolidated loss on common stock of $57.8 million in the same period in 2003. Due to NorthWestern's bankruptcy filing, the company has ceased recording interest expense on its unsecured debt and trust preferred securities, which accounted for a $17.5 million decrease in interest expense during the second quarter of 2004 and a $7.5 million decrease in minority interests on preferred securities of subsidiary trusts.