Investor Presentaiton slide image

Investor Presentaiton

DC transmission system upgrades - enables significant potential growth "Through 2030, RPS states need approximately 160 terawatt hours of additional renewable energy generation to meet wind- eligible RPS requirements. This is equivalent to roughly 52.336 gigawatts of wind capacity." Source: American Wind Energy Association | State RPS Market Assessment 2019 DC transmission line Best wind sources DC lines AC lines http://redgreenandblue.org/2019/02/19/verge-wind-energy-gold-rush-midwest/ Maitoho North Deloto GREAT NORTHERN minnesota power Lake Superior SWLP Upgrades for reliability, flexibility and optionality Existing footprint with 465-mile DC transmission line creates future optionality for value and expansion We are upgrading existing 550 MW capacity by up to 350 MW which includes up to $425M planned CapX Additional interconnections to other power markets is possible, as is greater investment and access to new renewable enabling infrastructure The Company has reserved queue positions for DC line upgrades and holds ~36,000 acres of land under option to support additional renewables 33 ALLETE
View entire presentation