Investor Presentaiton
ALLETE's investment in ATC
continues to grow
•Wisconsin-based transmission company
• Owns and operates electric transmission system in portions
of Wisconsin, Michigan, Minnesota and Illinois
•8% ownership delivers steady earnings and cash flow
• FERC regulated - FERC recently approved 10.52% ROE
(includes 50 bps adder)
•ATC's 2020 10-year capital investment forecast calls for
$2.9-$3.5B in system improvements
ATC
Equity Investment Balance
Equity Earnings (pre-tax)
($ in millions)
$22.5
$135.6
$141.6
$146.8
$21.7
$19.6
$121.1
$124.5
$128.1
$16.3
$118.7
$17.5
$16.3
$16.7
2014
2015
2016
*2017
2018
2019
2020 Q3
* Impacted by the remeasurement of deferred income tax assets & liabilities resulting from tax reform
...
ATC
AMERICAN TRANSMISSION COMPANY®
2014
2015
2016
*2017 *2018 2019
2020 Q3
and is a meaningful contributor to earnings
ALLETE
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