NorthWestern Energy Group, Inc. · NASDAQ:NWE
NorthWestern Energy — Talen Montana — Investor Presentation (2017)
9 slides from NorthWestern Energy's investor presentation, 2017
Slide 1: Colstrip: Montana's Existing Coal Generation Resource
Colstrip: Montana’s Existing Coal Generation Resource Dale Lebsack, Talen Montana
Slide 2: Introduction
Introduction • Talen Montana is operator and part-owner of the Colstrip Steam Electric Station, and through its affiliates, supplies power to a number of customers throughout the state – ~360 employees, mostly in Colstrip – 50% owner of Colstrip Units 1&2 (307 MW) – 30% owner of Colstrip Unit 3 (222
Slide 3: Current State of Coal Generation
Current State of Coal Generation • Electricity generated from coal has furthered economic growth in US for last 70 years – In Montana, Colstrip Station has provided safe, reliable, low-cost power since 1970s • Colstrip is ~33% of state’s installed generation capacity and ~89% of its installed coal c
Slide 4: Current State of Coal Generation (cont'd)
Current State of Coal Generation (cont’d) • Over last 7 years, cheap natural gas and environmental concerns have stopped new plant development and driven retirements – From 2000-2010, US installed coal generating capacity constant at ~300,000 MW1 – Since 2010, capacity down ~15%, or ~45,000 MW1 – By
Slide 5: © Talen Energy Proprietary and Confidential
© Talen Energy Proprietary and Confidential 5
Slide 6: Colstrip – Reliable & Resilient
Colstrip – Reliable & Resilient • Utilizing its share of Colstrip (529 MW), Talen Montana can meet the needs of NorthWestern Energy’s customers in a way that others cannot – As an existing generator, Colstrip has demonstrated its ability to reliably provide energy, capacity, and ancillary services a
Slide 7: Environmental Protection & Safety Excellence
Environmental Protection & Safety Excellence • Since 2000, Colstrip has invested $300 million on environmental protection projects – $150 million on water related controls (pond liners, solids disposal, and groundwater remediation) – $150 million on air emission controls • SO2 emissions – ↓58% • Par
Slide 8: Benefitting Montana Customers
Benefitting Montana Customers • As an existing generator, Colstrip already provides significant benefits to Montana customers and the state overall • Jobs – Plant employs ~350 people while Rosebud mine employs ~400 people • Contractors at the plant will employ as many as 750 people during a major ov
Slide 9: Montana Coal Power for Montana Customers
Montana Coal Power for Montana Customers • Talen Montana has a long history of generating electricity for Montana customers and wants to ensure the Colstrip plant continues to operate for many years to come • We believe it is in the best interests of Montana customers to utilize an existing in-state