On January 24, 2023, MDU Resources Group, Inc. announced that it has entered into a cooperation agreement with Corvex Management LP under which Corvex Partner, James H. Gemmel, will be appointed to the Company?s board of directors, subject to approval by the Federal Energy Regulatory Commission (FERC) under the Federal Power Act. The Company added that initially, James H. Gemmel will be appointed as a non-voting observer of the Company?s board of directors. The Company stated that following the required FERC approval, the size of the Company?s board of directors will increase by 1 director and James H. Gemmel will be appointed to fill the new director position.