A POSITIVE, CREDIBLE AND INDEPENDENT VOICE FOR MINNESOTA UTILITY INVESTORS

In yourIn yourInterestSEPTEMBER 2015

VOL. 25 NO. 3

Monday, October 12, 2015

In this issueMUI Annual Meeting Schedule 2

Regional Meeting Recap 3

Legislative Wrap-up 3

MUI Summer Tours 4

New MUI Staff 5

Summer Meeting Recap 6

News Briefs 7

Energy Minnesota 9

EPA's Clean Power Plan 10

Find us on Facebook 11

Membership Accolades 11

Fall Calendar 11

Membership Form 12

Annual Meeting

Join nearly 600 people at the MUI Annual Meeting to learn about energy issues that impact your investments, meet company executives and enjoy the camaraderie of other utility shareholders!

SEE PAGE 2 FOR MORE INFORMATION

JOIN US!

SEMINARS • LUNCHEON • TRADESHOW • BINGO & PRIZES

Earle Brown Heritage Center, Brooklyn Center, MN

In your INTERESTSEPTEMBER 20152

Monday, October 12, 2015Earle Brown Heritage Center in Brooklyn Center, MN

Timeline

Session 1 - 9:45 a.m.

8:00 a.m. Registration, Exhibits, Coffee9:45 a.m. – 10:45 a.m. Session 111:10 a.m. – 12:00 p.m. Session 212:15 p.m. – 2:00 p.m. Lunch and Speakers

SEMINAR A: Tug of War: What’s Pulling/Pushing Utility Stocks

SEMINAR B: An Update on the Bakken – Is it Still Rockin’?

Session 2 - 11:10 a.m.

Need a ride? Catch a bus to the Annual Meeting from: Albert Lea, Alexandria, Baxter, Bloomington, Cloquet, Duluth, Eden Prairie, Faribault, Fergus Falls, Hinckley, Lakeville, Little Falls, Mankato, Rochester, St. Cloud (East), St. Cloud (West), South St. Paul, and Vadnais Heights

For more information, please contact MUI toll free at 1-888-850-5171 or e-mail at mui@mnutilityinvestors.org

Luncheon speakers

Spin the “Wheel of Energy” for a prize! MUI BINGO during the Luncheon Meeting! Test your knowledge of “Minnesota Trivia” for a prize!

Need a hotel? MUI Members receive a discounted rate of $119 for Sunday, October 11 at the Embassy Suites next to the Earle Brown Heritage Center. Call the Hotel at 763-560-2700 by September 10 to make your reservation.

Tracy Bridge, CenterPoint Energy

Representative Pat Garofalo, Chairman of Minnesota Energy Affordability Committee

YOU ARE INVITED

Annual Meeting

EXHIBITORS: ALLETE, Alliant Energy, CenterPoint Energy, MDU Resources, Otter Tail Corp., Xcel Energy, Edward Jones, Enbridge, Minnesota Solar Energy Industries Assn., Polymet, MUI

New

SEMINAR C: Energy Storage/Battery Technology – What Are the Possibilities?

SEMINAR D: Natural Gas – Fueling the Future

EXCLUSIVE MEMBER DRAWING for MUI SUPPORTING MEMBERS!

$150 Omaha Steaks Gift Card (Must be present to win.)

VOL. 25 NO. 3 3

Annual Meeting Otter Tail Corp. Regional Meeting

Over 160 people attended the Otter Tail/MUI Regional meeting on �ursday, October 27th in Fergus Falls, MN. �ey had the opportunity to hear from Chuck MacFarlane, CEO and President of Otter Tail Corp. as well as Brad Viator from Edison Electric Institute and Andy Smith from Edward Jones. Attendees also visited with representatives from Enbridge and Edward Jones prior to the meeting. G

Regional Meeting in Fergus Falls Well Attended

Chuck MacFarlane, CEO and President of Otter Tail Corp.Attendees enjoyed a luncheon and speakers at the MUI Regional Meeting in Fergus Falls.

Graham Groth, winner of �ve shares of Otter Tail Corp. stock, is congratulated by Chuck MacFarlane.

Andy Smith from Edward Jones

Brad Viator from Edison Electric Institute

Legislative Wrap-up

First MUI Legislative Wrap-up Held with Good AttendanceOn June 15th, MUI held our first Legislative Wrap-up. Good thing the Legislature “wrapped up” their 2015 Legislative Session on June 12th. Over 60 members participated in the event and had the opportunity to hear and ask questions of Representative Pat Garofalo, Chairman of the House Job Growth and Energy Affordability Committee. Also, thank you to Rick Evans and Jim Pearson from Xcel Energy and Thor Underdahl from Minnesota Power for participating on the legislative panel that discussed energy issues that were debated during the 2015 Legislative Session.

Rep. Pat Garofalo, Chairman of the House Job Growth and Energy A�ordability Committee

�ese MUI Volunteers that helped make the meeting a success: Ron Burt, Paul and Ardys Randall, and Dick and Neomie Morris.

�ese MUI Volunteers that helped make the meeting a

Thank you!

In your INTERESTSEPTEMBER 20154

Summer Tour Recap

MUI Members Enjoy Exclusive Tours Throughout Minnesota

MINNESOTA POWER THOMSON HYDRO PLANT

ALLIANT ENERGY BENT TREE WIND FARM

Nearly 100 MUI Supporting Members had the opportunity to go “behind-the-scenes” at some of the most popular energy sites in Minnesota.

Alliant Energy Bent Tree Wind FarmWalking into a wind tower and looking straight up can be pretty daunting- but not for over 40 MUI members. �ank you to Greg Kaelberer and his sta� at the Alliant Energy Bent Tree Wind Farm for making this tour a memorable experience.

Minnesota Power Thomson Hydro Plant�is summer over a dozen MUI Members had the opportunity to climb throughout the newly re-opened �omson Hydro Plant as well as stand on top of the Dam. �ank you to Chris Rousseau and his crew for showing MUI members the newly refurbished 100 year old facility.

Xcel Energy Nuclear Plants (Prairie Island and Monticello)Again this year, over 20 MUI members had the opportunity to learn from Nuclear Energy experts and see the inside workings of a nuclear plant. �ank you to Patrick �ompson and Lisa Kuehl of Xcel Energy and their sta�s for organizing these tours and making these a “once in a lifetime” experience.

Minnesota Power Taconite Ridge Wind FarmMUI members stood in the middle of a US Steel Taconite mine looking up to see the wind turbines in the heart of the Iron Range. �ank you to Lyle Mattson with Minnesota Power who provided a wealth of information about the Wind Farm and wind energy. G

MINNESOTA POWER TACONITE RIDGE WIND FARM

XCEL ENERGY NUCLEAR PLANTS (PRAIRIE ISLAND AND MONTICELLO)

VOL. 25 NO. 3 5

New MUI Staff

MUI Welcomes Heidi HickeyIn June, Heidi Hickey joined the MUI team as the Marketing and Membership Manager. Heidi comes to us with more than 12 years of Association and Non-Profit experience, working primarily in the membership realm. In addition to her membership experience, Heidi has sold advertising, exhibit space, and has also been a Marketing Coordinator and Meeting Planner. She lives in Stillwater with her family and is very active in community volunteering with the Boy Scouts and the Stillwater Area School District. She and her family enjoy hiking, downhill skiing and frequent visits to Montana and Door County Wisconsin where they have family. She is a graduate of the University of Minnesota, College of Liberal Arts. G

Heidi Hickey, MUI's Marketing and Membership Manager

In your INTERESTSEPTEMBER 20156

Summer Meeting Recap

The over 500 MUI members that attended their local member meeting had the opportunity to hear from a variety of industry speakers.

Darin Norman and Noah Hauser from Xcel Energy spoke at several meetings (St. Cloud, Rochester, Bloomington, Owatonna) about the companies’ initiatives for the future as did Mark Thoma about Otter Tail Corp. in Bemidji. Kevin McLean from MN Power spoke at the Little Falls meeting about solar energy and the solar project MN Power is working on with Fort Ripley. Rep. Dale Lueck (also an MUI supporting member) addressed the Brainerd/Baxter group about experiences in his first legislative session. Marcus Meder from Edward Jones discussed financial issues at the Fergus Falls member meeting.

Company changes were discussed at the Duluth, Chisholm and Albert Lea meetings where representatives from MN Energy Resources Group discussed the purchase of their company by WE Energies to form WEC Energy Group.

Also speaking at several meetings (Mankato, West Metro and Alexandria) were representatives from Enbridge who addressed the significant impact the Enbridge projects and upgrades have on Minnesota’s utilities and the investments they are making to their systems in Minnesota and nationwide.

Please see Page 11 for a complete schedule of our upcoming meetings. These Fall meetings also include a variety of speakers from the utility companies, industry experts and more. G

Summer Local Member MeetingsOffered a Variety of Speakers

Bloomington

Iron Range

Duluth

MUI Legislative Wrap-up

VOL. 25 NO. 3 7

Company tied for highest ranked in J.D. Power customer satisfaction studyLast month J.D. Power announced that Otter Tail Power Company ranked highest in customer satisfaction among midsize utilities in the Midwest in its 2015 Electric Utility Residential Customer Satisfaction Study SM in a tie.

This is the first year that this J.D. Power study, now in its 17th year, has included Otter Tail Power Company. Companies in the J.D. Power midsize utility segment serve between 100,000 and 499,999 residential customers.

Otter Tail Power Company serves more than 130,000 customers, nearly 101,000 of whom are residential, in 422 communities and in rural areas in its 70,000-square-mile service territory.

“In a number of industries, including ours, J.D. Power awards are symbols of trust and excellence,” said Otter Tail Power Company President Tim Rogelstad. “Customer experience and satisfaction are top priorities for our company. It’s fantastic to know that our customers see, hear, and feel that too.” Rogelstad thanked all Otter Tail Power Company employees for living that brand and for providing customers with positive experiences and top-ranking satisfaction.

This J.D. Power study measures customer satisfaction with their electric utility companies by looking at six factors: power quality and reliability, price, billing and payment, corporate citizenship, communications, and customer service. Customer satisfaction is calculated on a 1,000-point scale and averaged 668 in 2015; Otter Tail Power Company scored 694. The 2015 study is based on responses from 102,525 online interviews ranking 18 providers in the Midwest midsize segment. In addition to Minnesota, the Midwest geographical area in this study includes Arkansas, Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, and Wisconsin.

CenterPoint Energy files to change natural gas distribution rates for Minnesota customersCapital investments for system safety and reliability are primary drivers for proposed rate change.

In August CenterPoint Energy filed an application with the Minnesota Public Utilities Commission (MPUC) to change the company’s natural gas distribution rates. If approved, the new rates would generate approximately $54 million or 6 percent in additional revenue on an annual basis. The effect on individual monthly bills will vary depending on natural gas use. If approved, the net impact of the new rates will increase the average residential customer’s bill by about $5 per month.

“Our significant investments, such as our ongoing pipeline replacement programs, maintain the safety and reliability of our natural gas system and benefit our customers and communities,” said Joe Vortherms, division vice president of CenterPoint Energy’s regional gas operations. “These capital investments, which are the primary reasons for this proposed increase, help ensure that we have a modernized, technologically advanced natural gas system that will continue to meet the needs of customers now and in the future.”

This filing seeks approval to change the distribution charge on a customer’s natural gas bill, which makes up about 40 to 50 percent of the total bill and covers the cost of distributing natural gas. The filing does not apply to the cost of natural gas, which is the wholesale price the company pays for natural gas, and makes up about 50 to 60 percent of the bill. The wholesale price of natural gas changes monthly depending on market prices and is passed on directly to customers with no mark-up.

The MPUC is generally allowed 10 months to issue a final decision on general rate filings, however, if the MPUC approves, interim (temporary) rates are expected to take effect on Oct. 2, 2015, and will be in place until a final decision is made. If the final rates are lower than interim rates, CenterPoint Energy will refund customers the difference including interest. If final rates are higher than interim rates, customers will receive no additional charges for natural gas used while interim rates were in effect.

News Briefs

News Briefs continued on page 8

primary drivers for proposed rate change.

Public Utilities Commission (MPUC) to change the company’s natural gas distribution rates. If approved, the new rates would generate approximately $54 million or 6 percent in additional

In your INTERESTSEPTEMBER 20158

News Briefs

Minnesota Power advances EnergyForward: less coal, more natural gas and solar, plus energy efficiency savings Minnesota Power, a division of ALLETE, Inc. (NYSE: ALE) laid out the next steps in its EnergyForward plan, which will reduce carbon emissions, increase the use of renewable resources and add natural gas to meet customer electric service needs in a balanced, reliable and cost-effective way over the next 15 years and beyond.

EnergyForward, introduced in 2013, is Minnesota Power’s roadmap for achieving a diversified energy supply of one-third renewable resources, one-third coal, and one-third natural gas. The next steps in the plan include:

• Economic idling of the company’s Taconite Harbor Energy Center in the fall of 2016 and ceasing coal operations there in 2020.

• Adding 200-300 megawatts (MW) of cleaner and flexible natural gas generation to the company’s portfolio within the next decade.

• Building both large and small scale solar generation.

• Expanding the potential for additional energy efficiency savings.

“Minnesota’s energy landscape continues to evolve, and EnergyForward is helping our region adapt to changing policy in ways that protect affordability and uphold reliability for our customers,” said ALLETE Chairman, President and CEO Alan R. Hodnik. “This is Minnesota Power’s way of answering the nation’s call to reduce carbon and mitigate climate change. The cost of building and fueling natural gas generation has dropped significantly in recent years and along with other key steps in our plan, we can reduce cost risks for customers by adding this least-cost resource.”

First Greenfield Fuels Refinery Built in U.S. in Nearly 40 YearsThe Dakota Prairie refinery, which began operating in May, is capable of processing 20,000 barrels per day of Bakken crude oil. It is supplying about 7,000 barrels per day (bpd) of diesel fuel to help offset North Dakota’s need to import nearly two-thirds of its diesel supply.

The refinery is a joint venture of MDU Resources Group, Inc. (NYSE:MDU) and Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT).

“This facility will help improve the state’s diesel supply, and over time has the potential to be an important contributor to the economic growth of the local and state economy,” Dave Goodin, MDU Resources president and CEO, said at the refinery’s grand opening. “All of this is possible because of the support of local and state officials and agencies, and the economic development climate they have created in North Dakota.”

The refinery took approximately 2.5 million man-hours to complete, with more than 800 workers on site during peak construction. Work was completed with an outstanding safety record that included no lost-time accidents. The facility is operating 24 hours a day, seven days a week with about 80 full-time employees.

In addition to diesel, the Dakota Prairie refinery is producing up to 6,500 bpd of naphtha, which is used as a diluent to transport heavy oil by pipeline and as a feedstock in gasoline, and 6,000 bpd of atmospheric tower bottoms, which can be used as a feedstock for lubricating oils and other refined products.

Wisconsin Energy completes acquisition of Integrys to form WEC Energy GroupWisconsin Energy Corporation has completed the acquisition of Integrys Energy – forming the WEC Energy Group (NYSE: WEC).

The new company will provide electricity and natural gas to 4.4 million customers across four states through its

News Briefs cont. from page 7

News Briefs continued on page 9

VOL. 25 NO. 3 9

News Briefs

Energy Minnesota

customer facing brands – We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, and Minnesota Energy Resources.

WEC Energy Group is the eighth largest natural gas distribution company in the country and one of the 15 largest investor-owned utility systems in the United States. Major operating headquarters will be in Milwaukee, Green Bay and Chicago.

"The new era that begins today has its roots in world-class customer service and exceptional shareholder value," said Gale Klappa, chairman and chief executive officer. "Our goal in combining these strong Midwestern companies is to build a leader in the energy industry that will thrive for decades to come."

In connection with the acquisition, shares of Integrys common stock were delisted and ceased trading on the New York Stock Exchange before trading opens on June 30, 2015. Under the terms of the merger agreement, shareholders of Integrys receive 1.128 shares of Wisconsin Energy Common stock and $18.58 in cash for each share of Integrys common stock they held immediately prior to the closing of the acquisition.

WEC Energy Group, a component of the SandP 500, has nearly $29 billion of assets, 9,300 employees and approximately 60,000 stockholders of record.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, and Minnesota Energy Resources. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants.

Xcel Energy responds to Clean Power Plan MINNEAPOLIS, MN—Xcel Energy attends and responds to the White House announcement on the EPA's Clean Power Plan.

Xcel Energy, the nation’s number No. 1 utility wind energy provider for 11 consecutive years, released the following statement from Chairman, President, and CEO Ben Fowke about the U.S. Environmental Protection Agency’s new rules to regulate greenhouse gas emissions:

“Implementing clean energy is familiar ground for Xcel Energy. We have worked for years with our states to increase the use of renewable resources, to help customers save energy and to modernize and retire our coal plants—all at a reasonable cost. This approach has put our company on a sound course to achieve a 30 percent reduction in carbon dioxide by 2020.

We appreciate the EPA’s willingness to work with stakeholders in developing this groundbreaking and complex set of regulations. It will take time to thoroughly review and assess the full impact of the rules. While we expect the Clean Power Plan does not provide everything we hoped for in terms of fully recognizing the early actions of proactive states and utilities, Xcel Energy is ready to move ahead. We look forward to working with our states in the best interest of our customers, ensuring we continue to meet their expectations for clean, reliable and affordable power.”

Xcel Energy was part of the ceremony to announce the final Clean Power Plan with President Barack Obama at the White House. G

News Briefs cont. from page 8

MUI is working with Minnesota’s energy investor-owned utilities to educate people about the positive impact the utility industry provides the state. �ey are focused on protecting the environment, providing good jobs, investing in infrastructure

and technology and providing reliable energy. �e initiative is also working to create awareness of the challenges and

opportunities the utilities are facing in Minnesota and nationwide.Check out the Energy Minnesota website at www.energyminnesota.org and keep informed about trending energy industry news in Minnesota.

If you would like someone from Energy Minnesota to speak at an event or meeting, please contact Annette at 1-888-850-5171 or info@energyminnesota.org. G

Initiative Creates Awareness of Minnesota Utilities

In your INTERESTSEPTEMBER 201510

Environmental Protection Agency's Plan

�e Environmental Protection Agency (EPA) released a nationwide plan on Aug. 3 that will require the power sector to reduce carbon pollution 32 percent by 2030 from 2005 levels. States may opt to implement their own plans or form a regional initiative.

�is ¬nal Clean Power Plan (CPP) is a major change from the Proposed Rule that was introduced in June 2014. Millions of comments were submitted on the Proposed Rule before the comment period ended December 1, 2014.

�e CPP requires States to submit compliance plans to EPA for approval by September 2016. States can apply for an extension to 2018 if they meet certain criteria. Final plans are due by 2018 with compliance starting in 2022.

What does all this mean for Minnesota? �e short answer: It's complicated. David �ornton, an assistant commissioner with the Minnesota Pollution Control Agency, said it will take weeks for his sta� to analyze Minnesota's obligations under the revised rule the EPA released Monday. But so far, he said, he's encouraged.

"We think this ¬nal plan is a more balanced, fair plan, and it does a better job of recognizing the kind of work we've already done here in Minnesota," he said.

So even if Minnesota's target is as high as 40 percent, �ornton said, when it comes to the things the state's utilities will need to do to meet it — the e�orts could be minimal.

"I think it will require more, but we're not sure how much at this point," he said. "But we're currently on target to be very close."

In other parts of the country, coal-dependent utilities complain about possible energy price hikes and threaten lawsuits against the EPA. Fifteen states have ¬led a petition with the Courts for an emergency stay of the Rule. But not so far in Minnesota. �e two utilities that will play the biggest role in Minnesota's carbon reduction plan say they're on their way to meeting the targets.

"Implementing clean energy is familiar ground for Xcel Energy," company CEO Ben Fowke said in a written statement. He said that even if the EPA's Clean Power Plan does not fully recognize early actions of proactive states and utilities, "Xcel Energy is ready to move ahead."

Minnesota Power spokesperson Amy Rutledge says the northern Minnesota utility's goal is a mix of one-third renewable energy, one-third coal and one-third natural gas.

"We think that strategy has Minnesota Power well positioned to meet the Clean Power Plan, as well as Minnesota's greenhouse gas reduction goal," she said.

Details about how both Xcel and Minnesota Power will meet the new rule are expected as part of

each utility's resource plan ¬led with state regulators. Xcel's is already underway,

and Minnesota Power will submit its plan Sept. 1. Otter Tail Power will submit their plan in 2016.

But some state lawmakers say Minnesota still isn't getting enough credit for taking early action.

"From Minnesota's perspective this is really the worst of both

worlds," said Rep. Pat Garofalo, R-Farmington, who oversees the House

energy committee. "Over the last 10 years we've already spent the money to reduce

our emissions signi¬cantly, and now the federal government is failing to give us credit for the money we've

already invested to do this."

Garofalo said whatever plan the state comes up with will need lots of scrutiny, and he plans to push again next year to require the agencies drafting the plan to seek legislative approval.

Meanwhile, those charged with ¬guring out Minnesota's energy future have a lot of reading to do — the EPA carbon rule is more than 1,500 pages long.

SOURCE: Bloomberg (Aug. 25- Naureen Malik); MN Public Radio (Aug. 4 – Elizabeth Dunbar); Politico (Interview with Philip Moeller) G

EPA’s Clean Power Plan will have Significant Impact on Utility Industry, Customers and Shareholders

VOL. 25 NO. 3 11

Local Member Meetings and Tours – Summer 2015Mark Your Calendar

If you are unable to attend the member meeting in your area, you are welcome to attend another MUI Local Meeting. Please contact the MUI Office for details and to register for the meeting.

Accolades to Recent MUI Supporting MembersAccolades

MUI extends a sincere thank you to its recent SUPPORTING MEMBERS (dues-paying) for their member contribution. The following people represent those who submitted dues payments May 16, 2015 – August 18, 2015. Members are listed by state and alphabetized by first name. The italicized names are three-year dues-paying members. Your support is crucial to our continued advocacy! Thank you!

CALIFORNIA: James and Elizabeth Knight; FLORIDA: Susan Inez Gill – Manning; MINNESOTA: Anthony and Lois Pesola, Benjamin and Jan Unger, Dennis and Laurel Lamke, Ed and Kathy Hara, Eldon Person, Erna Rohs,

George and Ev Gerogeorge, Harvey and Marlys Deterling, Jim and Rhea Nyquist, Michael J Larson and Marijane Tessman, Paul Wing, Rolan Anderson, Sidney Schwartz�eld and Lorraine Sherman, Susan Meyer, �omas and Louise Murphy, Vern and May Nordling, Vernon and Mariam Krein, Warren and Edonna Baldwin, Wayne and Janet Shamla; WEST VIRGINIA: Robert Paysen.

DATE LOCATION TIME

Tuesday, September 15 Rochester 11:30 a.m.

Tuesday, September 15 Albert Lea 5:30 p.m.

Wednesday, September 16 NE Metro (Shoreview) 11:30 a.m.

Wednesday, September 16 Bloomington 5:30 p.m.

Wednesday, September 23 Brainerd/Baxter 11:30 a.m.

Wednesday, September 23 St. Cloud 5:30 p.m.

Tuesday, September 29 Duluth 11:30 a.m.

Tuesday, September 29 Iron Range 5:30 p.m.

Wednesday, September 30 Grand Rapids 11:30 a.m.

Wednesday, September 30 Bemidji 5:30 p.m.

Monday, October 12MUI Annual Meeting Earle Brown Heritage Center, Brooklyn Center

Tuesday, October 27 Mankato 11:30 a.m.

Wednesday, October 28 St. Paul 11:30 a.m.

Wednesday, October 28 Alexandria 5:30 p.m.

Thursday, October 29 Moorhead 11:30 a.m.

Everyone is welcome!

Check out the MUI Facebook page. See pictures of MUI members at the Tours and member meetings. Get the scoop about MUI and our activities as they happen and let us know you “Like” what you see.

�ank you to Vern and May Nordling of Duluth for referring a new MUI Supporting Member!Thanks!

In Your Interest is a publication of Minnesota Utility Investors, and is published four times each year in March, June, September and December.

Phone: 651-227-7902 Toll Free: 1-888-850-5171

Email: mui@mnutilityinvestors.org www.mnutilityinvestors.org

President: Annette P. Henkel Office Manager: Lana Leonard Membership & Marketing Manager: Heidi Hickey

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Minnesota Utility InvestorsThe Cass Gilbert Building 413 Wacouta Street, Suite 230 St. Paul, MN 55101Phone: 651-227-7902 Toll Free: 1-888-850-5171Email: mui@mnutilityinvestors.org

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Supporting members make a difference. Join today!Supporting members receive the following additional benets: MUI’s Guide to Minnesota’s Investor-Owned Electric and Gas Utility Companies; MUI’s Keeping Current updates; free admission to all MUI meetings; and exclusive access to MUI tours.

MUI Annual Dues are $20 per household or $50 for three years. All 3-year dues-paying members will receive an MUI Umbrella or MUI Fleece Blanket.

For federal income tax purposes, your dues payment is not deductible.

MUI respects your privacy and will not sell or distribute your personal membership information.