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    Alex Motel

    Director and Equity Research Analyst at Scotiabank

    Alex Motel is a Director and Equity Research Analyst at Scotiabank, specializing in Canadian banks and financial institutions. He covers major companies such as Royal Bank of Canada, TD Bank, Bank of Montreal, Scotiabank, and Canadian Imperial Bank of Commerce, and is recognized for his rigorous analysis and sector insights. Since joining Scotiabank in 2017, Alex has established a strong performance track record with highly ranked research recognized by industry clients, building on prior experience at other leading financial institutions. He holds professional securities licenses in Canada, including IIROC registration, and is known for in-depth, actionable coverage in the financials sector.

    Alex Motel's questions to NorthWestern Energy Group (NWE) leadership

    Alex Motel's questions to NorthWestern Energy Group (NWE) leadership • Q4 2024

    Question

    Alex Motel sought clarification on whether NorthWestern expects to be within its 4-6% growth range every year and asked if increased spending could exacerbate regulatory lag challenges in Montana.

    Answer

    CFO Crystal Lail stated that while the company is committed to the 4-6% growth range over the long term, earnings may be 'lumpy' year-to-year, with some years potentially falling above or below the range. She acknowledged that attracting large-scale investment to Montana will require working with the commission to solve for timely cost recovery to mitigate the impacts of regulatory lag and make the state more attractive for capital investment.

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