What is the status of the Presque Isle SSR issue?

In April 2019 the Presque Isle Power Plant (PIPP) was shut down. Therefore, there will be no further SSR payments for the plant. Cloverland, with other affected entities, have pursued this issue to the U.S. Supreme Court. We are waiting for the U.S. Supreme Court to determine if they will take up the case.

Also, in April 2019 WE Energies filed with the Federal Energy Regulatory Commission to recover the remaining book value of the PIPP and a return on the investment. Cloverland filed a motion to intervene and protest in the case. Regardless of the outcome, any charges for the PIPP plant will be included in the normal capacity rate we pay under the power contract with WE Energies.