Investor Presentaiton

Capital investments (1) $740 $565 $500 $500 $500 2020 2021 ■Ongoing capital expenditures 2022 Wheatridge Renewable Energy Facility 2023 ■Integrated Operations Center 2024 Outlook 2020 capital plan on schedule, previously reduced in response to COVID-19 and economic conditions • Updating and replacing aging generation, transmission and distribution equipment • Building a smarter, more resilient grid 21 (1) Capital investments exclude allowance for funds used under construction. Dollar values in millions. Estimates and projections are based on assumptions and there can be no assurance regarding the amount of future capital investments. PGE

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