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2015 Attachment O True-up Customer Meeting

Join us for an informational forum on Otter Tail Power Company's 2015 Attachment O True-up. We will discuss the calculation process, transmission projects, and answer any questions. Don't miss out!

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2015 Attachment O True-up Customer Meeting

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  1. 2015 Attachment O True-up Customer Meeting

  2. AGENDA • Meeting Purpose • Otter Tail Power Company Profile • Attachment O Calculation • 2015 Transmission Projects • Question/Answer

  3. MEETING PURPOSE • To provide an informational forum regarding Otter Tail’s 2015 Attachment O for True-up. • The 2015 Actual Year Attachment O is calculated via the FERC Form 1 Attachment O template under the MISO Tariff utilizing actual data as reported in Otter Tail’s 2015 FERC Form 1 • Any True-up for 2015 will be included in the 2017 FLTY Attachment O Calculation for rates effective January 1, 2017 for the joint pricing zone comprised of the following transmission owners: Otter Tail, Great River Energy, Missouri River Energy Services, Benson Municipal Utilities, Detroit Lakes Public Utilities and Alexandria Light & Power.

  4. Otter Tail Power Company Profile

  5. 70,000 Square miles • 131,149 Customers • 421 Communities • Avg. population about 458 • 770 Employees • 445 Minnesota • 210 North Dakota • 115 South Dakota • About 800 MW owned generation • About 245 MW wind generation • About 5,300 miles of transmission lines Service area LANGDON WIND ENERGY CENTER Rugby Devils Lake Crookston SOLWAY COMBUSTIONTURBINE Garrison Bemidji COYOTESTATION LUVERNE WIND FARM ASHTABULA WIND ENERGY CENTER Jamestown ASHTABULA III JAMESTOWNCOMBUSTIONTURBINE Fergus Falls NORTH DAKOTA Wahpeton HOOT LAKE PLANT Oakes SOUTH DAKOTA Morris BIG STONE PLANT Milbank LAKE PRESTONCOMBUSTION TURBINE

  6. Our mission To produce and deliver electricity as reliably, economically, and environmentallyresponsibly as possible to the balanced benefitof customers, shareholders, and employees and to improve the quality of life in the areas in which we do business.

  7. Our Vision Growth and success—for our company and the rural communities we serve. We collaborate and prosper through responsible, resourceful action. We balance community, economic, and environmental commitments. Always.

  8. Our VALUES INTEGRITYWe conduct business responsibly and honestly. SAFETYWe provide safe workplaces and require safe work practices. CUSTOMER FOCUSWe provide reliable electricity and timely, courteous customer service. COMMUNITYWe care about the people and places we serve and improve the quality of life in the areas in which we do business. RESOURCEFULNESSWe draw on the ingenuity and expertise of various resources to create strategic, balanced, practical plans.

  9. Attachment O Calculation

  10. 2015 ACTUAL YEAR ATTACHMENT O • Actual Year Rate Requirements • Rate Base • Operating Expenses • Revenue Requirement and Rate • Network Rate Summary

  11. RATE REQUIREMENTS 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. 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., 2016 Forward Looking Attachment O will be trued-up by June 1, 2017 with a corresponding Customer Meeting to be held by September 1, 2017. The MISO Transmission Owners will hold a Regional Cost Sharing stakeholder meeting by November 1 of each year.

  12. RATE BASE Note: The above numbers are Transmission only

  13. OPERATING EXPENSES Note: The above numbers are Transmission only

  14. REVENUE REQUIREMENT AND RATE

  15. 2015 Attachment O True-upCalculation

  16. RATE SUMMARY Z

  17. TOTAL TRANSMISSION REVENUE REQUIREMENT BREAKDOWN

  18. 2015 transmission Projects

  19. ATTACHMENT O CAPITAL PROJECTS: TRANSMISSION LINE PROJECTS > $200K

  20. ATTACHMENTS GG AND MM CAPITAL PROJECTS: TRANSMISSION LINE PROJECTS > $200K

  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.

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