Northwestern Energy Group, Inc. · NASDAQ:NWE
Northwestern Energy — Corporate Update (July 2024)
14 slides from Northwestern Energy's corporate update, Jul 12, 2024
Slide 1: 2024 Rate Review Summary
2024 Rate Review Summary July 2024 8-K date: July 12, 2024
Slide 2: NorthWestern Energy Group
2 NorthWestern Energy Group NorthWestern Energy Group, Inc. dba: NorthWestern Energy Ticker: NWE (Nasdaq) www.northwesternenergy.com Corporate Support Office 3010 West 69th Street Sioux Falls, SD 57108 (605) 978-2900 Director of Corporate Development & Investor Relations Officer Travis Meyer 605-978
Slide 3: NWE Rate Review Summary
"NWE Rate Review Summary MT Electric MT Natural Gas Date Filed July 10, 2024 July 10, 2024 June 21, 2024 2023 with 2024 Known & 2023 with 2024 Known & 2023 with 2024 Known & Test Year End Measurables Measurables Measurables $156.5 Million Revenue Request ($69.4M net with Property Tax Tracker $28.6 M
Slide 4: Montana Electric & Gas Rate Review
4 Montana Electric & Gas Rate Review We are continuing to invest to meet our customers’ needs, with approximately $1 billion of infrastructure investment in Montana (2023 and 2024 expected) included in this rate review, reflecting our commitment to providing customers reliable, affordable and sustai
Slide 5: Montana Electric
5 Montana Electric $156.5 Million Base Rate Increase Requested & $69.4 Million Total Request * Capital investment to increase the While YCGS will increase base rates, we reliability, capacity and safety of the electric expect the reduction in market purchases system drives 112% of the total revenue
Slide 6: Montana Electric
6 Montana Electric Cost of Service Components 1 Typical 750kWh Residential Electric Bill 1.1% CAGR in Operating Costs 3 8.3% Total Bill Impact Estimate at Full Request
Slide 7: Montana Natural Gas
7 Montana Natural Gas $28.6 Million Base Rate Increase Requested * Capital investment to increase the reliability, capacity and safety of the natural gas system drives 90% of the revenue request.
Slide 8: Montana Natural Gas
8 Montana Natural Gas Cost of Service Components 1 Typical 65 Therm Residential Natural Gas Bill 3.3% CAGR in Operating Costs 17.0% Total Bill Impact Estimate at Full Request
Slide 9: South Dakota Natural Gas Rate Review
9 South Dakota Natural Gas Rate Review $80 million investment since 2010 test year driving $29.7 million increase to rate base.
Slide 10: South Dakota Natural Gas
10 South Dakota Natural Gas $6.0 Million Rate Increase Requested * Capital investment to increase the reliability, capacity and safety of the natural gas system drives 52% of the revenue request.
Slide 11: South Dakota Natural Gas
11 South Dakota Natural Gas Cost of Service Components 1 Typical 100 Therm Residential Natural Gas Bill 1.9% CAGR in Operating Costs 7.9% Total Bill Impact Estimate at Full Request (December 2023 vs Proposed)
Slide 12: Nebraska Natural Gas Rate Review
12 Nebraska Natural Gas Rate Review $42 million investment since 2007 test year driving $23.1 million increase to rate base.
Slide 13: Nebraska Natural Gas
13 Nebraska Natural Gas $3.6 Million Rate Increase Requested * Capital investment to increase the reliability, capacity and safety of the natural gas system drives 78% of the revenue request.
Slide 14: Nebraska Natural Gas
14 Nebraska Natural Gas Cost of Service Components 1 Typical 100 Therm Residential Natural Gas Bill 1.3% CAGR in Operating Costs 5.8% Total Bill Impact Estimate at Full Request (December 2023 vs Proposed)
NorthWestern Energy Group — Corporate Update (July 2024) on 6ix