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Solar

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MEAG Power is in the process of adding solar power to its resource portfolio. The timing is advantageous to complete what we expect will be a 20-year solar power purchase agreement for approximately 80 MW, with an anticipated in-service date of 2024. Solar generation capital costs have declined 70% since 2008, and the federal Solar Investment Tax Credit remains at a significantly high percentage through 2021, making solar a much more cost-efficient option than in past years. Solar will be the next emission-free component of our clean-energy portfolio.

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