Investor Presentaiton
Significant transmission & distribution investment
opportunities - longer term
Key investment drivers
Grid reliability and resiliency
Cyber and physical security
Renewable adoption
Strategic interconnections
Platforms for additional investment growth
Confirmed projects
•GNTL - 200 mile line connecting to significant Canadian hydro generation completed January 2020
⚫DC transmission line expansion - increasing capacity from current 550 MW to 750 MW, potentially up to 900 MW
•Distribution grid hardening - 2019 Integrated Distribution Plan (IDP) approved by MPUC Feb. 27, 2020
•Additional ATC build-out - $2.9 - $3.5B 10-year forecast
•Minnesota Power plans to file updated Integrated Resource Plan (IRP)
Developing opportunities
• NERC / RTO requirements related to carbon/baseload transformations
•CapX 2050 Transmission Vision Report issued March 5, 2020
⚫ALLETE Clean Energy interconnections / delivery systems - strategic acquisitions
•Innovative customer services
•Distributed Energy Resources - expansion of regulated solar and launching storage platform pilots
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