1. South Dakota Wind Energy Update South Dakota Wind Energy Association Annual Meeting - 2014 Hunter Roberts, Policy Advisor

2. Today’s Discussion Intro South Dakota Update South Dakota Policy Federal Policy Questions

3. South Dakota’s Reputation America’s Top State for Business: # 1 2013 CNBC State Business Tax Climate Index: # 2 2013 Tax Foundation Best State Tax System: #2 2013 Small Business & Entrepreneurship Council Best-Run State: #3 Barron’s State Economic Competitiveness Index: # 2 2012 American Legislative Exchange Council Small Business Survival Index: # 1 2012 Small Business and Entrepreneurship Council

4. South Dakota Wind Update Several projects are under construction or close to construction PPA’s prices are low Wind productivity continues to increase Building South Dakota: Reinvestment Payment Program

5. Alissa VanMeeteren Bioscience

6. SD Wind Energy Incentives and Policy –Regulatory: Very favorable –Incentives: Middle of the pack Reinvestment Payment Program Nameplate and capacity gross receipts tax –2015 Legislative Session

7. Reinvestment Payment Program Assists companies in offsetting the upfront costs associated with relocating or expanding operations and/or upgrading equipment Total project costs in excess of $20 million or equipment upgrades with a total project cost in excess of $2 million. Three wind projects have been thru the process. Contact the South Dakota Governor’s Office of Economic Development. Cherissa Nielson cherissa.nielson@state.sd.us (605) 773-3301 Cherissa Nielson cherissa.nielson@state.sd.us (605) 773-3301

8. Federal Policy –Federal PTC and ITC –111 (d) –FERC Order 1000

9. Thank you. Questions? Hunter Roberts Policy Advisor Phone: 605-773-3661 Email: Hunter.Roberts@state.sd.usHunter.Roberts@state.sd.us