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Investor Presentaiton

L Appendix 51 Weather (Full Year) Full Year 2020 as compared with: Historic Average 4% warmer Heating Degree - Days YTD thru 12/31 Degree Days 2020 2019 Historic Average Montana 7,505 8,647 7,819 South Dakota 7,445 8,478 7,702 Nebraska 5,676 6,571 6,359 2019 13% warmer 12% warmer 14% warmer 3% warmer 11% warmer Cooling Degree-Days 2020 2019 YTD thru 12/31 Degree Days Historic Average Montana South Dakota 398 370 405 2019 8% warmer 879 715 734 23% warmer Full Year 2020 as compared with: Historic Average 2% cooler 20% warmer Difference from Average Temperatures We estimate overall unfavorable weather in 2020 resulted in a $9.8 million pretax detriment as compared to normal and a $17.1 million detriment as compared to 2019. January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 -15 -12 12 15 Degrees Fahrenheit from Average
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