Investor Presentaiton
20
20
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Montana
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Generation Portfolio Update
Initial bids from the February 2020, 280 MW, competitive solicitation were
submitted in July 2020. Bid submissions were evaluated by an independent
party. We are reviewing the analyses from the administrator and expect
to announce the selection of multiple projects during the first quarter of
2021. Bids were submitted on our behalf for generating facilities providing
long-duration flexible capacity in excess of 200 MWs. We anticipate that at
least one of our projects will be among those selected resulting in
owned capacity generation investment in excess of $200 million over the
next 3 years, assuming we receive approval from the MPSC.
• Extremely cost-effective upgrades planned and underway for our owned
hydro-electric facilities. Generator rewinds, turbine upgrades and other
improvements are expected to add more than 40 MWs of hydro capacity
over the next 5 years in addition to preparing for FERC relicensing of
Thompson Falls (94 MWs) in 2025.
•
Entry into the Western Energy Imbalance Market (EIM)
•
Anticipated entry in the second quarter of 2021.
Real-time energy market could mean lower cost of energy, more
efficient use of renewables and greater power grid reliability.
South Dakota
•
Western Energy Imbalance Market
Construction continues for a 60MW flexible reciprocating internal
combustion engines in Huron, SD to be online in late 2021 with construction
costs of approximately $80 million (~$40 million invested in 2020).
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• An additional 30-40 MW of flexible generation in Aberdeen, SD is in the planning
stages and expected to be online in 2023 with a cost of approximately $60 million.
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Active participare
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New Manice
Significant investment
opportunities
identified to address
critical generation
capacity shortfall,
including cost-
effective hydro
upgrades.View entire presentation