MDU Resources sees total capital expenditures for the 2017-2021 period $2.208B
MDU Resources Group announced its capital expenditure forecast for 2017 through 2021. "Our capital forecast reflects our resolve to grow our company," said the company. The company sees actual plus FY16 forecast total capital expenditures $2,168B, and 2017-2021 total capital expenditures of $2.208B. "Our forecast for 2017 through 2021 includes line-of-sight opportunities at our business units as well as additional growth capital. This additional capital is not allocated to a specific business unit and will be invested based on the risk-adjusted return potential of opportunities that are identified by our business development teams," the company added. The company expects its electric and natural gas utility to grow its rate base approximately 4% annually over the next five years on a compound basis. This growth projection is on a much larger base, having grown rate base at a record pace of 11% compounded annually over the past five-year period.