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IZ3 <br />a <br />The Present: <br />• Highly constrained transmission grid <br />• Very little transmission has been built in the last 30 years <br />• Current transmission assets are close to being fully depreciated <br />• Current transmission rate base is small <br />F The Past: <br />NSP transmission rates increased by 60% in 2006 when NSP grandfathered <br />agreements (GFAs) expired <br />The future: <br />• Large scale expansion in transmission infrastructure is needed <br />• As a result, transmission rates are projected to increase by over 100% in the next <br />10 years <br />There are opportunities for municipals to invest in transmission ownership <br />3 <br />