Northwestern Energy Group, Inc. · NASDAQ:NWE
Northwestern Energy — Corporate Update (January 2023)
8 slides from Northwestern Energy's corporate update, Jan 17, 2023
Slide 1: NorthWestern enters an agreement to secure reliable, cost-effective energy services for Montanans
8-K January 17, 2023 NorthWestern enters an agreement to secure reliable, cost-effective energy services for Montanans
Slide 2: Forward Looking Statements
2 Forward Looking Statements Forward Looking Statements During the course of this presentation, there will be forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected f
Slide 3: Transaction Overview
NorthWestern Energy executed an agreement with Avista Corporation (Exit Agreement) for the transfer of Avista’s ownership interests in Colstrip Units 3 and 4. • Effective date of transfer: January 1, 2026 • Generating capacity: 222 MW (bringing our total ownership to 444 MW) • Transfer price: $0.00
Slide 4: Why Colstrip?
Reduces Risk • We are in a supply capacity crisis due to lack of resource adequacy, with approx. 40% of our customers’ needs on the market. This transaction will reduce our need to import expensive capacity during critical times. • Establishes clarity regarding operations past 2025 Washington state
Slide 5: Why Colstrip? (Cont.)
Why Colstrip? (Cont.) 5 Reliable • Existing resource, ready to serve our Montana customers. Avoids lengthy planning, permitting and construction of a new facility that would stretch in-service beyond 2026. • Reduces reliance on imported power and volatile markets, providing increased energy independ
Slide 6: Facility Ownership Overview
Facility Ownership Overview 6 NorthWestern is actively working with the other owners to resolve outstanding issues, including the associated pending legal proceedings. Additionally, the owners intend to pursue a mutually beneficial reallocation of megawatts between the two units that would ideally p
Slide 7: December 2022 Polar Vortex
cr December 2022 Polar Vorte Portfolio Resource (Megawatts) NWE Montana - Portfolio Resource Production 1,800 1,800 : $900 1,600 $800 Solar (97 mw) 1,400 $700 ; . x Wind . gE 1,200 (ass mw) ‘ $600 2 7 z 2 1 000 3500 8 £ 800 Hydro sao0 ® (497 Mw) an 600 _ $300 : 400 Thermal S200 ~ Coal & Natural 200
Slide 8: Significant Capacity Retirements in the West
Significant Capacity Retirements in the West 8 Planned coal retirements in the west exceed 20 gigawatts over the next decade resulting in worsening capacity deficits as forecasted by the Northwest Power Plan. Confirmed End-of-life Proposed Unknown 750MW