Investor Presentaiton slide image

Investor Presentaiton

ALLETE Clean Energy's significant and growing portfolio of renewable assets ALLETE clean energy. SMART. POWERFUL. AHEAD. Technology MW Capacity Net Capacity Factor Region Customer S&P Armenia Mountain GE 100.5 ~30% PJM Pennsylvania Chanarambie/Viking Minnesota Condon Delmarva Power & Old Dominion Electric Co-op BBB+/ Stable & A/Stable Moody's Baa1/ Stable & A2/Stable In-Service Power Sale Agreement Term End 2009 2024 GE 97.5 30-35% MISO Northern States Power A-/Stable A3/Stable 2003 2023 Aa3/ Mitsubishi 50 20-25% BPA Bonneville Power AA-/Stable 2002 2022 Oregon Negative Lake Benton * Zond 104 25-30% MISO Northern States Power A-/Stable A3/Stable 1998 2028 Minnesota Storm Lake 1 * Iowa Zond 108 25-30% MISO MidAmerican Energy AA/Stable Aa2/Stable 1999 2027 Storm Lake 2 * Mid-2022-90% Zond 77 25-30% MISO Iowa Alliant Energy A-/Stable A3/Stable 1999 2032-10% Glen Ullin EC GE 106 ~45% MISO Northern States Power A-/Stable A3/Stable 2019 2039 North Dakota South Peak BBB/ Baa2/ GE 80 ~40% NWE Montana NorthWestern Corp Stable 2020 2035 Stable Walmart AA Aa2 2035-175 MW Diamond Spring GE 303 ~45% SPP Starbucks BBB+ Baal Build: 2020 2035-50 MW Oklahoma 2032-75 MW Smithfield BBB Baa2 2033-200 MW Caddo Wind Oklahoma TBD 303 ~45% SPP Fortune 500 Companies Investment Grade Investment Grade Build: 2021 2033-80 MW 2033-20 MW Build, own, transfer projects Thunder Spirit I Thunder Spirit II Nordex Nordex 107 48 MISO MISO Montana-Dakota Utilities Montana-Dakota Utilities A-/Stable A-/Stable N/A Sale: 2015 $198M sale N/A Sale: Oct. 2018 $81M sale As part of wind energy facility acquisitions, ALLETE Clean Energy assumed various PSAs that were above or below estimated market prices at the time of acquisition; the resulting differences between contract prices and estimated market prices are amortized to revenue over the remaining PSA term. Non-cash amortization is expected to be approximately $11.5 million annually in 2020 through 2023, $5.5 million annually in 2024 through 2027, and decreasing thereafter through 2032. * Sites with on-going PTC qualifying refurbishment projects. 36 ALLETE
View entire presentation