ELECTRIC COOPERATIVES LEAD MINNESOTA INNOVATION

Great River Energy

David Saggau

President & CEO

January 12, 2017

1935 access to electricity

1950 access to electricity

28 member cooperatives – 1.7 million consumers

4th largest G&T

■ $4.0 billion total assets

■ $1.0 billion revenue

Governance

■ 24-member board of directors

■ Member CEOs

Competitive rates

4,771 miles transmission

3,718 MW generation

■ 710 MW renewables (wind, solar, RDF)

■ New contracts

GRE and our membership

5

Coal Creek Station - 1150 MW

■ Reduced minimum load

■ Fly ash sales

■ Waste steam • DryFining™

• Blue Flint Ethanol

■ Accelerated depreciation

Portfolio evolution

Portfolio evolution

Spiritwood Station – 99 MW

■ 60% efficient

■ Steam sales

Stanton Station - 180 MW

■ Accelerated depreciation

■ 2017 closure

Capacity and energy sources 2017

Energy Capacity

8

Economic development

■ Loan fund

■ Buy local

New uses of electricity

■ Storage water heaters

■ Air source heat pumps

■ Data centers

■ Revolt

■ Electric school buses

Electrifying the economy

Triple bottom line

Reliability

Rates

Environment