Investor Presentaiton
L
17
COVID-19: Margin Impact
Electric: High-Level COVID Load Impacts vs Planned 2020 Loads
Second Quarter
Third Quarter
Fourth Quarter
Forecast
Actual
Forecast
Actual
Forecast
Actual
Residential
4.0%
3.3%
1.5%
5.4%
0.3%
0.3%
Commercial
(12.0%)
(11.0%)
(4.5%)
(8.9%)
(0.8%)
(7.7%)
Industrial
(4.0%)
(1.2%)
(1.5%)
(17.3%)
(0.3%)
(22.8%)
Electric Retail Customer
Count Mix
Electric Retail Revenue
Mix by Customer Class
78.3%
18.1%
41.7%
3.6%
Natural Gas Customer
Count Mix
87.4%
50.0%
8.3%
Natural Gas Retail Revenue
Mix by Customer Class
64.0%
35.2%
12.4%
Ind. <1%
Ind. <1%
Residential Commercial Industrial/Other
Covid-19 impacts on gross margin continued into the
fourth quarter with commercial and industrial customer
classes impacted more than forecasted (residential in line
with forecast). Industrial load was incrementally impacted
by non-Covid related closures of a few industrial
customers. These customers, who do not procure supply
from NorthWestern, account for a significant potion of
volumes but have a less material impact on gross margin.
For the fourth quarter, we estimate the gross margin
detriment of Covid-19 to be $3 million - $4 million and $8
million to $11 million for the full year 2020.View entire presentation