FORM 10-K

46

MDU RESOURCES G ROUP, INC.

PART I

Other factors that could impact the Company's businesses.

The following are other factors that should be considered for a better understanding of the financial condition of the Company. These other

factors may impact the Company's financial results in future periods.

· Acquisition, disposal and impairments of assets or facilities

· Changes in operation, performance and construction of plant facilities or other assets

· Changes in present or prospective generation

· The availability of economic expansion or development opportunities

· Population growth rates and demographic patterns

· Market demand for, and/or available supplies of, energy- and construction-related products and services

· The cyclical nature of large construction projects at certain operations

· Changes in tax rates or policies

· Unanticipated project delays or changes in project costs, including related energy costs

· Unanticipated changes in operating expenses or capital expenditures

· Labor negotiations or disputes

· Inability of the various contract counterparties to meet their contractual obligations

· Changes in accounting principles and/or the application of such principles to the Company

· Changes in technology

· Changes in legal or regulatory proceedings

· The ability to effectively integrate the operations and the internal controls of acquired companies

· The ability to attract and retain skilled labor and key personnel

· Increases in employee and retiree benefit costs

Item 1B. Unresolved Comments

The Company has no unresolved comments with the SEC.

Item 3. Legal Proceedings

For information regarding legal proceedings of the Company, see Item 8 -- Note 20.

Item 4. Submission of Matters to a Vote of Security Holders

No matters were submitted to a vote of security holders during the fourth quarter of 2007.