YEAR ENDING 2021

ANNUAL REPORT

OF

NorthWestern Energy

ELECTRIC UTILITY

Docket 2022.01.001

TO THE

PUBLIC SERVICE COMMISSION

STATE OF MONTANA 1701 PROSPECT AVENUE

P.O. BOX 202601 HELENA, MT 59620-2601

Electric Annual Report

Table of Contents

Description

Schedule

Instructions

Identification

1

Board of Directors

2

Officers

3

Corporate Structure

4

Corporate Allocations

5

Affiliate Transactions - To the Utility

6

Affiliate Transactions - By the Utility

7

Montana Utility Income Statement

8

Montana Revenues

9

Montana Operation and Maintenance Expenses

10

Montana Taxes Other Than Income

11

Payments for Services

12

Political Action Committees/Political Contributions

13

Pension Costs

14

Other Post Employment Benefits

15

Top Ten Montana Compensated Employees

16

Top Five Corporate Compensated Employees

17

Balance Sheet

18

vii continued on next page

Description

Schedule

Montana Plant in Service

19

Montana Depreciation Summary

20

Montana Materials and Supplies

21

Montana Regulatory Capital Structure

22

Statement of Cash Flows

23

Long Term Debt

24

Preferred Stock

25

Common Stock

26

Montana Earned Rate of Return

27

Montana Composite Statistics

28

Montana Customer Information

29

Montana Employee Counts

30

Montana Construction Budget

31

Peak and Energy

32

Sources and Disposition of Energy

33

Sources of Electric Supply

34

MT Conservation and Demand Side Management Programs

35

Electrical Universal Systems Benefits Programs

35a

MT Conservation and Demand Side Management Programs

35b

Montana Consumption and Revenues

36

viii

Sch. 1

IDENTIFICATION

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

Legal Name of Respondent:

NorthWestern Corporation

Name Under Which Respondent Does Business:

NorthWestern Energy

Date Utility Service First Offered in Montana:

Electricity - Dec 12, 1912

Natural Gas - Jan 01, 1933

Propane - Oct 13, 1995

Person Responsible for Report:

Jeff B. Berzina

Telephone Number for Report Inquiries:

(406) 497-2759

Address for Correspondence Concerning Report:

11 East Park Street Butte, MT 59701

If direct control over respondent is held by another entity, provide below the name, address, means by which control is held and percent ownership of controlling entity:

N/A

Schedule 1

Sch. 2

BOARD OF DIRECTORS

Director's Name & Address (City, State)

Remuneration

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

See NorthWestern Corporation's Annual Report on Form 10-K to the SEC for the Corporate Board of Directors.

Schedule 2

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Disclaimer

NorthWestern Corporation published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 14:46:02 UTC.