MONTANA MEANS ENERGY

Energy Promotion and Development Division, Montana Department of Commerce

VOLUME I, ISSUE 7 December 2010

In this issue... Montana 2010 Energy Highpoints

2010 marked one of the busiest and most productive years for the Energy Promotion and Development Division. Across the state, Montana saw major energy investment deliver millions of dollars to our economy that will provide constant revenue well into the future. We have continued to see development of our world class wind resources and the transmission lines needed to carry that product to market. Major agreements were made in the traditional energy sector as well. An agreement with Arch Coal has the potential to be the largest energy development agreement in Montana in 50 years, and due to pressure for market fairness from Governor Schweitzer, Montana oil producers will have access to TransCanada's Keystone XL pipeline to move their product, and increase the value of Montana crude. The Energy Promotion and Development Division is pleased to help foster the development of the state's energy resources and will continue to work diligently on behalf of all Montanans.

The Governor's Corner Coal Arch Coal - Otter Creek Transmission MATL Wind Rim Rock Oil & Gas Keystone XL Pipeline Keystone Marketlink Pipeline Hydroelectric Turnbull Hydroelectric Project Biomass AACT MSU-Havre - BNSF Project Perspectives on Transmission and Wind MSTI Benefits of Developing Montana's World Class Wind Resource

Upcoming Events Governor Schweitzer's Energy Internships

THE GOVERNOR'S CORNER- Montana Means Energy

Across the nation, 2010 meant hard economic times. Many states experienced budget shortfalls due to decreases in revenue and poor fiscal management. In Montana however, we ran our state like a responsible business and kept our finances in order. First, we challenged every expense by making a minimum cut of 5% in each agency budget. Second, we focused on getting Montanans back to work. Third, we promoted, attracted, developed, and expanded new business and industry in the state to maintain our vibrant economy. The result was a balanced budget, Montanans hard at work, and investments that will last well into the future to keep Montana in the black.

Montana’s vast energy portfolio played a major role in keeping Montana’s books balanced. Our world class oil, gas, biomass, coal, and wind resources have been one of the driving forces behind Montana’s success. Since taking office, my administration has made energy promotion a top priority, and it has paid off. This year was marked by some of the largest energy investments the state has seen in decades. Bringing these projects to fruition provided immediate construction jobs and good prospects for permanent jobs into the future. Montana’s energy portfolio is abundant with opportunities, and the investments we have made in the past 5 years have begun to pay strong dividends that will benefit Montanans for decades to come.

In March of 2010, the national recession was evident across the nation. Montana remained one of two states operating with a budget surplus. As revenue projections began to fall and states began to sink deeper into a sea of red ink, Montana was finalizing an agreement with Arch Coal to lease state-owned coal tracts at Otter Creek. Montana received $86 million upon closing the lease agreement, a payment three times the assessed value. The project will create an estimated 550 jobs during the construction phase, bringing millions of dollars into the state’s economy. Once operational, an estimated 200 - 400 permanent employees will be needed to mine the 1.5 billion tons of coal, which is expected to provide over $5 billion in revenues for the state over the life of the mine. Construction of rail and associated infrastructure is expected to take 2 to 3 years to complete, and could create over 500 additional construction jobs.

Added to our 13% growth in coal production at Montana mines since 2005, Otter Creek and other coal projects may prove to be the largest and most beneficial energy agreements in our history. These revenues will help to secure funding for our children’s education well into the future.

The northeastern corner of the state is rich ground. I worked hard to bring local oil producers together with TransCanada, to make clear the need to include a Montana on-ramp to the Canadian company's plans for the Keystone XL pipeline. On September 13th, I helped TransCanada announce the commencement of a binding open season to obtain firm commitments from interested parties to build an interconnection to the proposed Keystone XL pipeline. The open season closed in November, and we are awaiting its results, confident that Montana oil producers will have better access to markets upon completion of the pipeline project.

Since 2005, Montana has increased its wind energy production from 1MW to 386MW generated in the state. Montana is one of the best wind corridors in the world, and its geographically- diverse resources will provide sustainable, long-term energy production.

Poles 140-feet tall and weighing up to 30,000 pounds have begun sprouting from pastures and fields as part of a power line that will provide a $1 billion jolt to wind development in Montana. The Montana Alberta Tie Ltd. (MATL) is a 214-mile, 230-Kilovolt transmission line that will connect the electricity markets of Alberta and Montana, running from a substation outside of Lethbridge, Alberta to one near Great Falls, Montana. It will allow much-needed flow in both directions, ensuring secure, reliable supplies of electricity that will make both Montanans and Albertans less vulnerable to power outages. The line is expected to be operational by the end of 2011.

NaturEner USA, which has already built over 200 MW of wind power at the between Cutbank and Shelby, has crafted an innovative financing proposal with San Diego Gas and Electric (SDG&E) to develop the 309 MW Rim Rock project. The national recession greatly impacted the ability to finance large projects, so NaturEner USA, realizing the great potential of Montana wind and the opportunity to capitalize on renewable energy, went beyond typical lending practices to gather the funds needed to begin the Rim Rock project. They approached San Diego Gas and Electric (SDG&E) with an investment proposal. With a strong understanding of the business, SDG&E indicated their interest: "With few developers able to fully monetize tax benefits … or secure construction financing without a long-term financing arrangement in place, it makes sense to look to IOUs to monetize these tax benefits. IOUs tha! t have healthy balance sheets and established customer bases are able to secure financing at a reasonable cost in this constrained credit environment."

The energy picture for Montana in 2010 was packed full of good news, and all signs point to better times and increased production, whether it is oil thousands of feet below the ground or wind a few hundred feet above. Energy production in all its forms means employment opportunities to build the infrastructure, to add value to the product, and to distribute it to market, all while bringing millions of dollars into Montana. These projects deliver dollars directly to main street, creating jobs, stimulating local economies and providing a solid tax base for local governments. The investments we have made in energy since the day I took office are paying off, and will continue to do so in the years ahead. Energy has played a major role in maintaining Montana’s good fiscal position during the great recession, and I will ensure that the good work of our Office of Energy Prom! otion and Development continues, and that our energy future remains bright.

Coal - Otter Creek

In March 2010, the State Land Board voted to approve the leasing of 572.3 million tons of state- owned coal located in the Otter Creek Valley of southeastern Montana. The Land Board set the lease price at $0.15 per ton—50% higher than the forecast “bonus bid” price of $0.10 per ton. Coal producer Arch Coal Inc. agreed to this price and provided the state with an $85.8 million upfront payment in April.

The money paid to the state provides Arch the opportunity to develop the coal and establishes the operating, rental, and royalty provisions they must comply with. Preliminary steps to develop and permit the mine are underway with production estimated to commence in 2013-2015. The development of a mine at this site could produce more than 1.3 billion tons of coal, will provide hundreds of jobs, and will result in billions of dollars of investment.

The development of the Otter Creek coal tracts has been called one of the biggest development opportunities the state has ever seen. Significant economic impacts include estimated state and local tax revenues of approximately $5 billion over the life of the mine along with more than 500 temporary construction jobs (2-3 years) and approximately 200 jobs per mine (40+ years) with a potential of two mines being developed. Annual land rentals will provide approximately $1 million a year to the state and total royalty payments on coal extracted are estimated at $1.4 billion dollars. In addition, the state would receive an estimated $2.7 billion in severance taxes and $900 million in gross tax receipts over the life of the mine. Locally, Powder River County would bring in an estimated $27 million annually in property taxes, an amount equal to $15,700 per person currently living in the county.

Montana Alberta Tie Line Breaks Ground! October 27, 2010

U.S. Senator Jon Tester, Governor Brian Schweitzer, Shelby Mayor Larry Bonderud, State Representative Llew Jones, State Senator Jerry Black, U.S. Senator Max Baucus

On October 27, Johan Van’t Hof of the Montana Alberta Tie Ltd (MATL) developer Tonbridge Power led a formal groundbreaking ceremony on the new transmission line construction site north of Cutbank. The ceremony was attended by many dignitaries that included Governor Schweitzer along with Montana Senators Baucus and Tester, Shelby Mayor Larry Bonderud, State Senator Jerry Black, and Representative Llew Jones.

The line has a bi-directional capacity of 600 MW and the line’s firm capacity is targeted to move wind generated power. Wind energy developer NaturEner USA will be connecting the proposed 309 MW Rim Rock Farm to MATL, to be located in Toole and Glacier Counties, with construction estimated to begin in the second quarter of 2011.

The positive impact of the MATL project will be significant with 55 construction jobs and 10 permanent jobs. The project will also contribute an estimated $730,000 in annual property tax payments.

The project has been a successful collaboration of the private and public sectors. Total project investment is $209 million; with a $161 million ARRA loan to the project by the Western Area Power Administration.

Tonbridge, the company behind MATL, has looked to the EPDD for assistance and guidance to successfully navigate through state and federal regulatory processes as well as other challenges.

Tonbridge Power CEO Johan Van’t Hof wrote in a recent letter to the Department of Commerce:

Our company worked very closely with the Energy Promotion and Development Division over the last few years and we have benefited consistently and greatly by the capable assistance the office has provided. It would have been almost impossible to navigate the approvals and other challenges that new project proposals face without such centralized support and assistance. Time and again we found the need for counsel, guidance and advice and found such to be invaluable in the Energy Promotion and Development Division.

NaturEner’s Rim Rock Wind Farm SDG&E Announces Landmark Tax Equity Deal July 19, 2010

It was a great day for Montana energy development when MATL broke ground in October. MATL will provide 600 MW of capacity for wind farm projects with the first being NaturEner's Rim Rock Wind Farm which will result in $800 million of investment, over 500 construction jobs, 30 permanent jobs and according to company estimates will bring in $10.4 million in annual taxes and landowner payments.The project is set to commence construction in Q2 of 2011 and be fully operational in Q4 of 2012.

NaturEner is seeking to utilize a creative financing technique to get Rim Rock built. The following excerpts are from an article in the San Diego Union Tribune detailing the financing mechanism used for Rim Rock:

Onell R. Soto, Union-Tribune staff writer was reported on July 20, 2010

After financing problems delayed a Montana wind farm that San Diego Gas & Electric needs to meet state green-energy goals, the utility decided to step in a big way — it is planning to spend $600 million to finance the massive project along the Canadian border. The credit crunch made traditional bank financing difficult, if not impossible to find, SDG&E President Michael Niggli said Tuesday in announcing the deal with San Francisco-based wind farm developer NaturEner.

It signed a contract with NaturEner for 309 megawatts from the new $800-million wind farm, called Rim Rock Wind. After Lehman Brothers collapsed and other financial institutions ran into trouble, the traditional method for funding renewable power investments dried up, said Alfred Cahuas, NaturEner’s chief financial officer.

The federal government subsidizes such investments by giving investors a credit on their taxes. But without profits, the big banks had no tax bills to cut. “We needed to look at another source of funding,” Cahuas said.

The utility made sense because it has reliable profits and a big interest in getting the project built. Also, a recent change in federal law allowed public utilities to take advantage of the tax credits. After bank financing for renewable projects stalled, energy companies have stepped into the gap, said Mark Bachman, a financial analyst. Niggli said that will save electricity buyers money because its guaranteed rate of return on investments, 7.3 percent after taxes, is less than the interest rate banks are charging.

Jose Maria Sanchez Seara, President and CEO of NaturEner, writes in a June 2010 letter to the Montana Department of Commerce:

Developing energy projects bring many challenges, especially in a new industry like ours. Time and again we have called upon the capable officials at the EPDD to aide us in various aspects of our wind farm project.

Oil & Gas - Keystone XL Pipeline, Bakken Marketlink On-Ramp

A significant development that will move the traditional energy industry forward in Montana is the Keystone XL pipeline. This proposed crude oil pipeline now in advanced stages of permitting, will run through eastern Montana, connecting Alberta to the Gulf Coast increasing access to conflict free energy from Canada.

The Keystone XL pipeline is proposed to pass through 282 miles of eastern Montana, and the counties that will be affected by the pipeline could collect nearly $60 million in annual property taxes. Governor Schweitzer and his administration have wholeheartedly supported this project based on the high number of good paying jobs and other resulting economic benefits. In fact, in Dawson County alone, the Keystone XL could bring an estimated $8.1 million of annual tax revenues.

Early in the Keystone XL pipeline development, local oil producers expressed concerns that they may not obtain access to the pipeline, especially in light of the immense reserves located in the Bakken oil formation.

Governor Schweitzer responded by calling together TransCanada officials and local producers to a meeting in Billings on March 3, 2010. The strong turnout at that meeting clearly illustrated that local producers are interested in new markets accessed by the pipeline, which would pass right through the Williston Basin Bakken production area. TransCanada, the builder of Keystone XL, knows Montana producers are serious about oil production and local producers need a seat at their table. A continued discussion developed from this meeting, which resulted in TransCanada holding an open season this past fall to obtain binding commitments from Montana and North Dakota oil producers that would fill the pipeline. The significance of the Bakken reserves in helping bolster domestic energy security cannot be overstated, as technically recoverable reserves approach 4 billion barrels.

This project has other important benefits to Montana as well as the United States as it is an important tool to ensure our domestic energy security. Canada is a close ally, friend and neighbor. When it comes to energy development, our two nations have a partnership that works to advance the interests of both. Canada is already the largest exporter of oil to the U.S. and we know that Canada has known oil reserves second in size only to Saudi Arabia. It is in our national interest to purchase energy from our friends.

When project opponents appealed to the federal Government to suspend the permitting process Governor Schweitzer wrote a letter to Secretary of State Hilary Clinton in May 2010 stating his support for the thoroughness and adequacy of Montana’s permitting process and urging her continue it. The Keystone XL permitting process has continued to move forward and while there have been some delays the project is still in the advanced stages of permitting with a final decision expected in 2011.

EPDD heard, documented, and took into full consideration the opinions and concerns of Montanans during the public hearings process of this project, and delivered them to Governor Schweitzer. The local input provided a comprehensive approach to the development of the pipeline and represented a negotiated outcome for both Montana stakeholders and TransCanada. Scott Farris, Director of Government Relations for TransCanada stated, “The Division (EPDD) has provided very useful guidance to TransCanada on how to reach out and engage Montana stakeholders and how to navigate various processes…”

Hydro - Turnbull Hydroelectric Project

This past July, Governor Schweitzer broke ground on the Turnbull Hydroelectric Project. When the project is complete, it will consist of two separate generating facilities located on canal drops within the Bureau of Reclamation’s Sun River Project. The Sun River Project is a federal irrigation project constructed west of Great Falls, MT in the 1930’s. The two generating facilities are Upper Turnbull and Lower Turnbull. These projects will utilize water released for irrigation from the Pishkun Reservoir. Released water flows exclusively within manmade canals, which incorporate concrete drop structures designed to control water flow across steep topographic gradients. The Turnbull Hydroelectric Project proposes to bypass two of these drop structures by directing canal flow into penstocks, through generating facilities, and then returning water to the canal system at the bases of the drop structures.

The Project will not alter the amount or timing of irrigation water stored or released from any reservoir and would not change any point of irrigation use, but would merely utilize existing flows to generate power. The Green Fields Irrigation District will continue to control Pishkin Reservoir irrigation releases and water use.

The project is designed to produce 25,300 MWh of energy annually, which is equivalent to approximately 50,000 barrels of oil. It will interconnect with the Northwest Energy electrical grid just north of Fairfield, MT. The total amount of new transmission line required to interconnect would be about six miles.

Biomass

AACT

This past summer Algae Aquaculture Technologies of Whitefish received a $350,000 grant from the Montana Department of Environmental Quality to build a commercial algae processing plant that will convert waste wood chips to energy and organic fertilizer. The Energy Promotion and Development Divsion sat on the grant review committee. The process uses a greenhouse based algae growth system and an anaerobic biodigester to transform a blend of wood waste and algae into high-value methane for power generation, as well as significant amounts of organic fertilizer. The greenhouse will be built on the grounds of F.H. Stoltze Land and Lumber Co. in a joint venture of the two companies.

Algae will be grown in the greenhouse and the process will then use an anaerobic digester to produce methane gas to burn along with wood waste which will be converted into mechanical power for the lumber mill. Biochar from the wood waste combustion and waste from the algae then will be use to create fertilizer.

Montana Biodiesel Tested in BNSF Trains

Participants in BNSF Biodiesel Project

In July, Montana grown oilseeds and Montana produced biodiesel began being used in Burlington Northern Santa Fe Railway (BNSF) locomotives at the Havre Rail Depot. The one year pilot project is testing the performance of a higher biodiesel blend in switch engines. This past summer the project was awarded a $125,000 grant from the Montana Department of Environmental Quality to help carry out the project. The Energy Promotion and Development Division sat on the grant review committee. BNSF, the second largest diesel fuel user in the United States, has previously used up to a 5 percent blend of biodiesel (B5) but has been testing a 20 percent blend through this project. A total of up to 24,000 gallons of Montana biodiesel will be utilized for the project which includes emissions testing, oil analysis, fuel analysis, injector evaluation, engine performance, fuel consumption, and durability. ! ;

The research aspect of the project will provide data that can be used to measure the effectiveness of biodiesel and will help determine whether higher biodiesel blends make sense for locomotive engines. The project also presents development opportunities for Montana farmers and biodiesel producers. The BNSF refueling station in Havre uses between 30-40 million gallons of diesel fuel a year and a successful pilot project could create a stable market for Montana produced biodiesel.

The biodiesel is being produced by Earl Fisher Biofuels, an oilseed crushing and biodiesel production facility located in Chester, while Montana State University Northern Bio-Energy Center will test and certify the biodiesel. Additional partners in the project include Opportunity Link, Bear Paw Development Corporation, the Montana Department of Agriculture and the Montana Department of Environmental Quality.

Perspectives on Montana Transmission and Wind

In late 2009 the Energy Promotion and Development Division released its Montana Transmission for America publication, a document describing Montana’s actively developing transmission projects. Altogether these transmission projects will provide transmission capacity for approximately 6,000 MW of electricity, with the primary generation source targeted to be Montana wind energy. Currently well over 5,000 MW of wind generation is in various stages of development in Montana but most of that will not be developed without additional transmission capacity being added to the transmission grid.

Part of this developing Montana transmission scenario is the Mountain States Transmission Intertie (MSTI). NorthWestern Energy (NWE) proposes to construct, operate and maintain the 500 kilovolt transmission line to address the requests for transmission service from customers and to relieve constraints on the high-voltage transmission system in the region. The new transmission line would begin at a new Townsend substation, which would be constructed about five miles south of the town of Townsend. The line would proceed south into southeastern Idaho connecting to Idaho Power Company’s (IPCO) existing Midpoint Substation, 10 miles north of Jerome, Idaho. The revenue for the MSTI line will be derived primarily from renewable generating facilities in Montana.

In the spring of 2010 Jefferson County filed a lawsuit against the State of Montana to require the Department of Environmental Quality (DEQ) to give them more input on the analysis and the proposed route of the transmission line. District Court Judge Loren Tucker ruled that Jefferson County needed to be provided with more opportunity for input. It is not known when the draft EIS will be released but there will be some delay to the siting process as a result of this court decision. MSTI is planned by NorthWestern Energy as a line that will provide transmission capacity largely for future Montana wind development but the project has not gone without opposition. Early opposition to the line came largely from affected landowners along a proposed route south of Butte. When DEQ officials released information that it would be recommending a proposed alternative route along a Jefferson River corridor the opposition intensified and has included criticism of what opponents term “corporatized” wind energy, questioning the benefits it will bring to Montana.

In the entire six years Governor Schweitzer has been in office his energy policy has been in support of developing of all of Montana’s abundant energy resources. The effect of that policy has been made abundantly clear from the mix of significant 2010 energy highpoints that we have reported on in this newsletter that show a blend of both renewable as well as traditional fossil energy project accomplishments. In response to these recent criticisms of “corporate” wind we have identified and quantified some of the important benefits that utility scale wind is currently bringing to Montana as well as estimates of what future wind and transmission development can bring to the state.

The Benefits of Developing Montana’s World Class Wind Resource

Every energy source has its strengths and weaknesses. That axiom is true for traditional energy resources such as coal, oil and natural gas as well as for renewable energy resources like wind, hydro, biomass and geothermal resources. Wind energy has grown substantially in the last decade with the US now having over 36,000 MW of wind energy on line in 2010; about 2% of domestic generating capacity. The benefits derived from large scale wind energy are well documented and they include the following:

 Wind power produces no air emissions. Here is what the US Department of Energy writes in its 2008 publication Wind Energy and Air Emission Reduction Benefits: A Primer:

In summary, one of the important benefits of wind energy is that producing electricity from this source involves zero direct emissions of air pollutants. In contrast, fossil fuel-fired electric generation from coal, oil, or natural gas results in substantial direct emissions of numerous air pollutants that have adverse impacts on public health and the environment. Wind energy contributes to the reduction of emissions of various air pollutants, has played a role in improving regional air quality, and supports efforts to meet emission caps in a cost-effective manner.

Some wind energy opponents argue that the variability of wind requires fossil fuel back up generation sources that essentially negate the environmental and fuel savings benefits of wind energy produce emissions. These contentions are myths that scientific studies refute. One of these contentions relates to the mode of operation of spinning reserves that the electric utility industry uses to follow fluctuations in energy demand and production. The American Wind Energy Association states on its website that studies show that using natural gas plants or even coal plants as spinning reserves increases emissions and fuel use by only 0.5% to 1.5% above what it would be if the plants were generating power normally. The US DOE’s 20% Wind Energy by 2030 Technical Report (20% Report) finds that wind power can supply 20 percent of America’s electricity by 2030 and reduce projec! ted emissions of carbon dioxide (CO), the leading greenhouse gas, by 25%.

 Wind energy conserves water. According the US DOE 20% Report “The 20% scenario would potentially reduce cumulative water consumption in the electric sector by 8% (or 4 trillion gallons) from 2007 through 2030—significantly reducing water consumption in the arid states of the interior West. In 2030, annual water consumption in the electric sector would be reduced by 17%.”

 Wind energy brings significant economic development benefits to Montana. Montana currently has 4 commercial wind farms producing 386 MW of power. Below is a summary of the benefits these wind farms are currently bringing to Montana:

The Montana Department of Labor and Industry released its Employment and Economic Impacts of Transmission Line Construction report in March 2010. The report provides objective information for the economic impact to be expected from the current transmission projects now developing in Montana. Estimates for the job creation and tax benefits of 6,000 MW of wind power were derived from estimates obtained from the US DOE:

6000 MW of Wind/Transmission Item Investment Property Taxes Transmission $4.2 Billion $31.5 Million/Year Wind Farms $12 Billion $180 Million/Year Total $16.2 Billion $211.5 Million/Year

6000 MW of Wind Farms Job Impact Lower Estimate Upper Estimate Average Construction 6000 12000 9000 Permanent 360 600 480

The Multiple Benefits of Wind Power for Utilities - The American Wind Energy Association sites the following benefits of utility scale wind energy:

 Reduced Environmental Risk Wind power produces no carbon dioxide or air pollutant emissions, requires no water, mining, drilling, or transportation of fuel, and generates no radioactive or other hazardous or polluting waste.

 Price Hedge (Energy Portfolio Diversification) Wind power lowers the portfolio volatility of electric utility power supplies, yielding benefits for future price risk and mitigating the impacts of fossil fuel price volatility.

 Stable Pricing Although prices have increased in the short term, long-term downward price trends are expected to continue which will make wind power very cost-competitive with other generating options as domestic manufacturing catches up with demand.

 Good for the Bottom Line Wind projects have very short construction periods and can be deployed quickly with positive impacts on generation planning and cash flows. In the case of wind ownership, additional rate base and tax-related benefits accrue to the utility as well.

Finally, our world class energy resources—wind, oil and gas, biofuels, biomass, geothermal, significant amounts of coal and more—are second to none in the United States. Those resources provide us with the opportunity to help the world address global climate change while at the same time helping the nation wean itself from unfriendly energy sources and, in the process, creating economic growth opportunities here at home. Our nation’s addiction to unfriendly oil is of grave concern to all Americans and Montana is positioned to be a leader in breaking that addiction. Montana can and will provide a large share of the energy resources North America needs, helping to eventually eliminate the $1 billion per day that we currently send to unfriendly petro-dictators for energy.

Upcoming Events COMING IN JANUARY 2011 Governor Schweitzer’s Energy Interns

The Office of Community Service, in partnership with the Governor’s Office of Economic Development and the Department of Commerce, Energy Promotion and Development Division, is seeking businesses and organizations in Montana’s numerous energy-related fields to host college students to make a difference in Montana.

Starting in January 2011, students who complete a 200 hour internship with your business or organization can receive $2,000 credit toward a Montana higher education institution in which they are enrolled.

With your help, a Governor’s Energy Internship can provide students with an opportunity to gain real work experience in a wide array of energy related areas such as:

 Project development and management  Engineering  Research  Marketing  IT development  Finance  Communications  Education  Conservation and Environment  Legal

If you would like to host a Governor’s Energy Intern, please contact us today about engaging your business in this exciting new opportunity: [email protected], 406-444-5634 or [email protected], 406-444-9077.

From all of us at the Energy Promotion and Development, we wish you a very happy holiday season. We will continue to work to secure a viable energy future in the state that provides for Montana’s economy, and ultimately, her people. Please do not hesitate to contact our office regarding Montana’s energy portfolio and energy future. Best to you and yours from EPDD.

PO Box 200501 Helena, MT 59620 Office 406-841-2030 www.commerce.mt.gov/energy

Department of Commerce Director Dore Schwinden