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BISMARCK, N.D. - The North Dakota Mill today reported record profits of $20.7 million for fiscal year 2024, an increase of 20.6% over profits of $17.2 million reported for fiscal year 2023.

BISMARCK, N.D. – The North Dakota Industrial Commission named Nathan Anderson as the next director of the Department of Mineral Resources (DMR) at its meeting today. Anderson succeeds former Director Lynn Helms who retired on June 30 after 26 years of service. Anderson’s start date will be Sept. 16.

BISMARCK, N.D. – The Industrial Commission approved the Rural-Workforce Initiative to Support Housing (R-WISH) pilot program at its June 26, 2024, meeting. The R-WISH pilot will support rural communities of 20,000 residents or less with construction of market rate housing for workforce when a company is locating or expanding its operations. The program will utilize up to $10 million of Bank of North Dakota (BND) capital to complement the work being done by the North Dakota Housing Finance Agency and the North Dakota Housing Initiative Advisory Committee. 

BISMARCK, N.D. – The Industrial Commission today accepted the retirement resignation letter of Todd Steinwand, President and CEO of Bank of North Dakota (BND), effective July 2, 2024. Steinwand has been with BND since 2015 when he was named the Senior Vice President and Chief Business Development Officer. He was promoted to President and CEO of the Bank in July 2021, with the retirement of Eric Hardmeyer.  

BIThe North Dakota Industrial Commission, acting in its capacity as the North Dakota Transmission Authority (NDTA), commissioned a study on the impact of the Environmental Protection Agency’s (EPA) Final Greenhouse Gas Standards with ALWAYSON Energy Research in April. Claire Vigesaa, Executive Director of the NDTA presented highlights of the study to the Commission at their May 28^th, 2024 meeting. The study modeled the impact of the EPA standards on the two Regional Transmission Organizations (RTOs) serving North Dakota, the Mid-Continent Independent System Operator (MISO) and the Southwest Power Pool (SPP).  The impact analysis demonstrated that the EPA’s proposed rules would result in the retirement of baseload power generation plants across the region. Baseload power is generated from a source which can be dispatched on-demand, in contrast to intermittent sources like renewable power which relies on favorable weather conditions to generate power.