| 3 GW IN CAPEX PLAN | ~11% Retail Electric Sales Growth CAGR 2025-2031Demand expected to ramp up 2027-2031 | NEW RESOURCES NEEDED TO MEET LOAD | |||||
|---|---|---|---|---|---|---|---|
| Customer | ESA signed | ICR filed | ICR approved | Construction started | Load Ramp | 2-4 GW | New signed ESA for 370 MW in lowa with full ramp by end of 2030, will be included in Q3 capex plan updateSecured generation to serve new load |
| QTS 1Cedar Rapids, IA | ✓ | ✓ | ✓ | ✓ | 2026 - 2029 | ||
| Google 1Cedar Rapids, IA | ✓ | ✓ | ✓ | ✓ | 2026 - 2028 | Mature opportunities with the start of load ramp expected in 2029 or later | |
| MetaBeaver Dam, WI | ✓ | ✓ | ✓ | ✓ | 2026 - 2027 | ||
| QTS 2Clinton, Iowa | ✓ | 2028 - 2031 | Beyond 4 GW | Opportunities at various stages of explorationBeyond current planning period | |||
| ~50% INCREASE IN PROJECTED DEMANDby 2031 (from 2025 base of ~5.5 GW max demand) | UNLOCKING THE POTENTIAL OF CUSTOMERSAND COMMUNITIES | ||||||
7
ESA = Electric Service Agreement ICR = Individual Customer Rate