News

NextEra accepts, Prairie Horizon declines Clean Sustainable Energy Authority Fertilizer Development Loan
 

The North Dakota Industrial Commission, consisting of Gov. Doug Burgum, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, announced today that NextEra Energy Resources Development has accepted loan terms under the state’s Clean Sustainable Energy Authority (CSEA) Fertilizer Development Loan Program, while Prairie Horizon Energy Solutions has declined.

BISMARCK, N.D. (FEB 27, 2024) – The North Dakota Industrial Commission, comprised of Governor Doug Burgum, Attorney General Drew Wrigley, and Agriculture Commissioner Doug Goehring, released the following statement regarding the passing of former Bank of North Dakota President and CEO Eric Hardmeyer, who began his career with the Bank in 1985 and served as the Bank’s President and CEO from 2001-2021. Hardmeyer died Saturday, Feb. 24, at the age of 64.

BISMARCK, ND – The North Dakota Industrial Commission announced the allocation of funds to affordable housing projects by the North Dakota Housing Finance Agency (NDHFA).

The North Dakota Industrial Commission, consisting of Gov. Doug Burgum, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, approved a total of $11.3 million in matching grants during its first grant round for grid resilience funding under the section 40101(d) of the Bipartisan Infrastructure Law (BIL) as well as its 59^th grant round of the Oil and Gas Research Program. 

During the 2023 legislative session, $300,000 was appropriated to the Industrial Commission to contract for carbon capture and utilization education and marketing. The Industrial Commission is soliciting applications for grant funding to aid in the development of a Carbon Capture and Utilization Education and Marketing Strategic Plan. 

S&P Affirms Bank of North Dakota Credit Rating

BISMARCK, N.D. – The Industrial Commission reports that Standard & Poor’s (S&P) affirmed Bank of North Dakota’s (BND) credit rating as A+/Stable in its annual review released Nov. 6.

BISMARCK, N.D. – Todd Steinwand, President and Chief Executive Officer of Bank of North Dakota (BND), has announced his intention to retire in the second quarter of 2024. An exact date has not been established but he pledged to continue to work with the Industrial Commission (Commission) during the transition. An executive search committee was approved at today’s Industrial Commission meeting.

The North Dakota Industrial Commission, consisting of Gov. Doug Burgum, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, approved $15 million in matching grants and $222.5 million in loans during the latest grant rounds for the Oil and Gas Research and Clean Sustainable Energy programs. Both programs are funded by oil and gas production tax and state mineral royalty revenues. The Oil and Gas Research Program was established in 2007 to provide grants for projects that enhance the production of oil and natural gas in North Dakota. The Clean Sustainable Energy Program was established in 2021 to advance the commercialization of low-emissions technologies for North Dakota’s energy industry.

BISMARCK, N.D. – The North Dakota Industrial Commission (NDIC) has selected Claire Vigesaa to serve as the next executive director of the North Dakota Transmission Authority. Vigesaa retired in 2022 as general manager and CEO for the Upper Missouri Power Cooperative after a 40-year career in the electric cooperative industry. Vigesaa has been serving as deputy director of the Transmission Authority since retirement.

The North Dakota Industrial Commission, consisting of Gov. Doug Burgum, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring, approved $6.3 million in Outdoor Heritage Fund and Renewable Energy Program matching grants. Both programs are funded solely by oil and gas production tax revenue. The Outdoor Heritage Fund was established in 2013 to provide grants for projects that enhance outdoor conservation practices in the state. The Renewable Energy Program was established in 2007 to promote research and utilization of North Dakota’s renewable energy resources, including advanced biofuels.