| Proposal | Board Recommendation | Page | ||||||||||||
| 1 | Election of Directors | FOR each director nominee | 10 | |||||||||||
| 2 | Ratification of Deloitte & Touche LLP as the independent registered public accounting firm for 2024 | FOR | 12 | |||||||||||
| 3 | Advisory vote to approve named executive officer compensation | FOR | 14 | |||||||||||
| Proposal 1 Election of Directors | 10 | Proposal 3 Advisory Vote to Approve Named Executive Officer Compensation | 14 | Proposal 2 Ratification of Appointment of Independent Registered Public Accounting Firm for 2024 | 12 | |||||||||||||||
| Performance Measures — 2021-2023 | Threshold | Target | Maximum | Actual | Financial Goals – 50% | ROAE | 8.05 | % | 8.50 | % | 8.95 | % | 7.71 | % | Simple Average EPS Growth | 6.0 | % | 8.5 | % | 11.0 | % | 2.2 | % | Market Goal – 50% | Relative TSR Average vs. Peers | 13th | 6th | 1st | 9th | |||||||||||||||||||||||||||||||||||||||||||||
| Name Occupation | Independent | Age | Director Since | Committee Membership | ||||||||||
| Brian Bird President and CEO, NorthWestern Energy | No | 61 | 2023 | N/A | ||||||||||
| Anthony Clark Senior Advisor, Wilkinson Barker Knauer, LLP; former Commissioner, FERC and NDPSC (and Chair) | Yes | 52 | 2016 | Comp; Gov. (Chair) | ||||||||||
| Sherina Edwards Former Chief Strategy Officer, Mastec, Inc.; former Commissioner, Illinois Commerce Commission | Yes | 40 | 2023 | Comp; Gov. | ||||||||||
| Jan Horsfall Chief Operations Officer, Sparq Games, Inc. | Yes | 63 | 2015 | Operations (Chair); Audit | ||||||||||
| Britt Ide CEO, Ide Energy & Strategy | Yes | 52 | 2017 | Comp.; Gov. | ||||||||||
| Kent Larson Retired Executive Vice President and Group President, Xcel Energy | Yes | 64 | 2022 | Audit; Operations | ||||||||||
| Linda Sullivan Retired Executive Vice President and CFO, American Water | Yes | 60 | 2017 | Board Chair | ||||||||||
| Mahvash Yazdi President, Feasible Management Consulting | Yes | 72 | 2019 | Comp. (Chair); Operations | ||||||||||
| Jeffrey Yingling Co-Founder, General Partner, Energy Capital Ventures | Yes | 64 | 2019 | Audit (Chair); Gov. | ||||||||||
