Investor Presentaiton

Increasing Annual O&M Savings Target to at Least $175 Million by 2026 Efficiency and affordability are critical for our customers as we plan for significant investments (O&M savings, $ in millions) ppl $50M - $60M At least $150M - $120M $130M >15% More Savings At least $175M $35M $35M $105M Estimated O&M Savings by 2023 Estimated O&M Savings by 2024 Estimated O&M Savings by 2025 Estimated O&M Savings by 2026 IT&D Operations Other Operations Centralization of Shared Services . • $25M increase in targeted O&M savings, extending through 2026 Incremental savings will result from continued deployment of technology and T&D operational playbook Continue to see additional opportunities to scale and drive incremental savings longer term 10

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