Investor Presentaiton
L
Appendix
Qualified Facility Earnings Adjustment
56
56
Liability Adjustment due
to underlying change in
contract pricing
assumptions
Actual Cost less than
expected (due to price
and volumes)
Total
Jun-15
($6.1)
1.8
($4.3)
Jun-16
$0.0
1.8
$1.8
Jun-17
$0.0
2.1
$2.1
The gain in 2020 for our QF
liability was $3.1 million in total,
it was comprised of $2.2 million
adjustment to the liability and
$0.9 million lower actual costs
over last 12 months (QF
Jun-18
$17.5
9.7
$27.2
contract year). This
Jun-19
$3.3
3.1
$6.4
$3.1 million benefit is
$3.3 million less than the
Jun-20
$2.2
0.9
$3.1
$6.4 million total benefit we
Year-over-Year Better (Worse)
Jun-16
$6.1
0.0
$6.1
Jun-17
$0.0
0.3
$0.3
Jun-18
$17.5
7.6
$25.1
Jun-19
($14.2)
(6.6)
($20.8)
Jun-20
($1.1)
(2.2)
($3.3)
recognized in Q2 last year.
Due to our expectations
regarding the remeasurement
frequency of our QF liability, we
no longer reflect this
adjustment as a non-GAAP
measure.
Our electric QF liability consists of unrecoverable costs associated with contracts covered under
PURPA that are part of a 2002 stipulation with the MPSC and other parties. Risks/losses associated
with these contracts are born by shareholders, not customers. Therefore, any mitigation of prior losses
and/or benefits of liability reduction also accrue to shareholders.
NorthWestern
Energy
Delivering a Bright FutureView entire presentation