Document
Annual Report 2020
This amount includes modernizing generation in South Dakota and upgrades to the
Montana hydro system, but does not include any investment that may be required to address our Montana customers’
exposure to peak demand., A solar array charges super capacitors that
supply power to the area., Opposite page, clockwise from top: Thompson Falls Dam; A bison grazes near a power line in Yellowstone National Park; NorthWestern Energy installed a solar
microgrid in Yellowstone; The Spion Kop wind farm in northcentral Montana; An electric vehicle charges outside our Bozeman, Montana offce., Recent
policies are contributing to the closure of thermal generation in the
Pacifc Northwest and growing shortages of capacity resources
when energy demand is high., Yo u m a y request a copy of these
publications, free of charge, by contacting Investor Relations.