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Otter Tail Power Customer Meeting - Attachment O Forecast for 2019

This meeting will provide information on Otter Tail Power's forecasted Attachment O for 2019, including the calculation, capital projects, budget risks, and a question/answer session.

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Otter Tail Power Customer Meeting - Attachment O Forecast for 2019

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  1. 2019 Attachment O customer meeting October 26, 2018

  2. Agenda • Meeting Purpose • Otter Tail Power Company Profile • Attachment O Calculation • Capital Projects • Budget Risks • Question/Answer 1

  3. Legal Disclosure All numeric data provided in this presentation is preliminary and subject to change. 2

  4. Meeting purpose • To provide an information forum regarding Otter Tail’s forecasted Attachment O for 2019. • The forecasted Attachment O for 2019 is calculated using the FERC Form 1 Attachment O template under the MISO Tariff with a projected net revenue requirement and projected load. • Rates will become effective on January 1, 2019 for the joint pricing zone. 3

  5. Otter tail power company profile 4

  6. 70,000 Square Miles • 131,551 Customers • 422 Communities • Avg. population about 400 • 796 Employees • 472 Minnesota • 205 North Dakota • 119 South Dakota • About 800 MW owned generation • About 245 MW wind generation • About 5,940 miles of transmission lines 5

  7. . 6

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  10. Attachment o Calculation 9

  11. Forward looking attachment o • Forward Looking Rate Requirements • Rate Base • Operating Expenses • Revenue Requirement and Rate • Network Rate Summary 10

  12. Rate requirements Actual • By June 1 of each year, Otter Tail will post on OASIS all information regarding any Attachment O True-up Adjustments for the prior year. • By September 1 of each year, Otter Tail will hold a customer meeting to explain its Actual Year True-up Calculation. • Ex. 2019 Forward Looking Attachment O will be trued-up by June 1, 2020 with a corresponding Customer Meeting to be held by September 1, 2020. Forward Looking • By September 1 of each year, Otter Tail will post on OASIS its projected Net Revenue Requirement, including the True-Up Adjustment and load for the upcoming year, and associated work papers. • A customer meeting will be held by October 31 of each year to explain its forward looking formula rate input projections and cost detail. The MISO Transmission Owners will hold a Joint Informational Meeting on Regional Cost Shared Projects by November 1 of each year. 11

  13. Rate base 12

  14. Operating Expenses 13

  15. Revenue requirement and rate 14

  16. Rate summary 15

  17. Total transmission revenue requirement breakdown 16

  18. 2019 transmission projects 17

  19. Attachment o capital projects: transmission line projects > $500k 18

  20. Budget Risks 20

  21. Questions? If you have any additional questions after the meeting, please submit via e-mailto: Stuart Tommerdahl Manager – Regulatory Administration • stommerdahl@otpco.com • All questions and answers will be distributed by e-mail to all attendees. Additionally, the questions and answers will be posted on Otter Tail’s OASIS website (http://www.oasis.oati.com/OTP/index.html) within two weeks from the date of inquiry. 21

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