Investor Presentaiton
Substantial regulated business optionality -
location matters!
Seek renewable opportunities to expand scale, and diversify
EnergyForward
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Clean energy transformation -
DC line - a strategic asset with optionality
Grid reliability investments
• Gas infrastructure investments
• Market expansion
• Bi-directional opportunity
• Additional renewables
Manitoba
North Dakota
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Minnesota
GREAT
NORTHERN
TRANSMISSION LINE
車
Lake Superior
SWLP
minnesota power
Wisconsin
minnesota power
Natural Resource Rich Minnesota
Largest producer of iron ore in the United States
• 17 million acres of forestland
• One of the largest undeveloped copper, nickel and precious metal deposits in the world
5th largest producer of mineral value in the United States
Clean energy economy is dependent on steel and precious metals
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