Under the recent tax reform act passed by Congress, NorthWestern Energy expects a tax reduction. Will NorthWestern pass the benefits to its customers? Of course. We don’t know the precise impact of the act for obvious reasons: the bill is long and we have to analyze it. But, for weeks, we have been discussing how to use a tax reduction for our customers’ benefit.

NorthWestern helped prevent an amendment from being added to the tax reform act that would have resulted in a large rate increase for our Montana customers. We learned of this last-minute amendment, alerted other utilities to it and engaged in an education campaign about the negative impact. Our efforts were instrumental in helping to ensure that our customers were not harmed.

The bill went from a huge negative for our customers to what we now believe is a modest positive. We don’t expect thanks or congratulations, and hardly anyone in Montana even knew of this proposed amendment or of our efforts to help ensure that it did not become law. But it demonstrates our commitment to our customers’ well-being.

Be assured that NorthWestern will be passing along the benefits of the tax reform act to our customers.

Heather H. Grahame,

vice president and general counsel,

NorthWestern Energy,

Helena

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