Customer Charge or Minimum Bill. Total Average Annual Bill (9 Dth) Total Volumetric Rate*

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Residential Gas Rates for Wyoming Regulated Utilities Gas Rates are in effect as of: 11/03/17 Estimates of Seasonal Bills (illustrational purposes only) Customer Charge or Minimum Bill Total Volumetric Rate* Total Average Annual Bill (9 Dth) Total Winter Bill (20 Dth) Utility Effective Date Major Service Locations ($/Month) ($/Dth) ($/Month) ($/Month) Black Hills Energy - Cheyenne August 1, 2017 Cheyenne 17.70 5.6694 131.09 68.72 Black Hills Northwest Gas Utility Company, LLC May 1, 2017 Cody 11.00 6.0575 132.15 65.52 Frannie Deaver Utilities October 1, 2017 Deaver 12.00 5.6054 124.11 62.45 Lower Valley Energy, Natural Gas January 15, 2017 Jackson, Afton 6.25 11.5460 237.17 110.16 Lower Valley Energy, Propane May 1, 2012 Jackson 5.00 21.9793 444.59 202.81 Black Hills Energy - Northeast September 1, 2017 Sundance, Newcastle 5.00 3.0754 66.51 32.68 Montana-Dakota Utilities October 1, 2017 Sheridan, Buffalo, Powell 15.60 4.1900 99.40 53.31 Pinedale Natural Gas Company September 28, 2017 Pinedale 15.00 6.8200 151.40 76.38 Questar Gas Company GS Rate November 1, 2017 Evanston, Green River, Rock Springs 12.00 7.6623 165.25 80.96 ** BHE - SourceGas (Casper) September 1, 2017 Casper, Laramie, Rawlins, Lander 15.00 4.9100 113.20 59.19 ** BHE - SourceGas (Gillette) September 1, 2017 Gillette 15.00 5.0710 116.42 60.64 ** BHE - SourceGas (Torrington) September 1, 2017 Torrington, Douglas, Lusk, Wheatland 15.00 6.1020 137.04 69.92 Town of Walden November 1, 2017 Southern Albany County 17.00 9.0050 197.10 98.05 Wyoming Gas Company October 1, 2017 Worland, Thermopolis, Basin 15.00 6.0206 135.41 69.19 Statewide Low $5.00 3.0754 $66.51 $32.68 Statewide High $17.70 21.9793 $444.59 $202.81 Statewide Mean $12.61 7.4081 $160.77 $79.28 Statewide Median 15.00 6.0390 $133.78 $68.95 Estimated bill calculations do not include state (4%) or county (1-3%) taxes and may or may not include franchise fees (0-5%). * The total volumetric rate may include commodity balancing account adjustments, transportation charges as well as other credits and surcharges. ** The SG rates reflect the "pass-on, regulated rate."

Electric Rates are in effect as of: 10/16/17 RURAL ELECTRIC ASSOCIATIONS Effective Cust. Chg. Or Total Bill Average Cost Utility Name Date Major Service Location Min. Bill $/month $/month per kwh Beartooth Electric 07/01/17 Park 33.50 100.08 0.133435 Big Horn County Electric 01/24/17 Sheridan 30.00 95.42 0.127220 Big Horn Rural Electric Co. 01/01/17 Bighorn, Park, Washakie 44.00 116.58 0.155437 Bridger Valley 07/01/16 Lincoln, Sweetwater, Sublette, Uinta 36.00 88.50 0.118000 Carbon Power & Light Co. 01/01/17 Albany, Carbon 30.00 120.02 0.160026 Fall River 01/01/16 Teton 36.00 91.70 0.122270 Garland Light & Power Co. 03/01/17 Bighorn, Park 28.00 120.72 0.160954 High Plains Power 01/01/16 Carbon, Fremont, Hot Springs, Natrona 22.00 100.91 0.134543 High West Energy 05/01/16 Albany, Laramie 20.00 109.43 0.145907 Lower Valley 05/01/17 Afton 16.00 56.43 0.075243 Niobrara Electric Co. 02/01/17 Converse, Goshen, Platte, Niobrara 33.00 113.86 0.151810 Powder River Energy 01/01/17 Campbell, Crook, Weston 25.50 86.16 0.114875 Wheatland Rural Elect. Assoc. 01/01/17 Albany, Goshen, Laramie, Platte 34.25 127.50 0.169997 Willwood Light & Power 03/20/14 Powell Area 25.00 115.00 0.153333 Wyrulec Company 01/01/17 Goshen, Platte, Laramie 30.00 117.83 0.157100 Yampa Valley 08/01/15 Carbon 24.50 86.11 0.114817 Average* $29.23 $102.89 $0.137185 * Does not reflect credits to member customers of REA.

INVESTOR OWNED UTILITIES Effective Cust. Chg. Or Total Bill Average Cost Utility Name Date Major Service Location Min. Bill $/month $/month per kwh Black Hills Power & Light Co. 09/01/17 Newcastle 15.50 95.41 0.127207 Cheyenne Light Fuel & Power 06/01/17 Cheyenne, Laramie County 13.00 112.55 0.150063 Montana Dakota Utility Co. 03/01/17 Sheridan and Sheridan County 25.00 59.45 0.079263 Rocky Mountain Power ** 09/01/17 Various Town & Counties in Wyoming 20.00 79.85 0.106465 Average $18.38 $86.81 $0.115749 **Rocky Mountain Power - Wyoming Price Summary

MUNICIPAL OWNED UTILITIES Cust. Chg. or Effective Major Service Min. Bill Total Bill Average Cost Utility Name Date Location $/month $/month per kwh Basin, Town of 07/01/13 City 27.00 120.00 0.160000 Cody, City of 04/01/15 City 31.39 89.14 0.118853 Deaver, Town of** 07/01/15 City 12.50 87.50 0.116667 Fort Laramie, Town of 01/01/13 City 15.00 120.00 0.160000 Gillette, City of 05/01/16 City 21.75 87.75 0.117000 Guernsey, Town of 01/17/17 City - #VALUE! #VALUE! Lingle, Town of 07/01/16 City 15.50 101.75 0.135667 Lusk, Town of 01/03/17 City 10.00 88.75 0.118333 Pine Bluffs, Town of* 04/01/11 City 0.00 88.32 0.117760 Powell, City of 12/22/16 City 27.00 84.25 0.112333 Torrington, Town of*, *** 05/02/17 City 8.00 68.54 0.091392 Wheatland, Town of* 10/01/15 City 9.75 88.75 0.118333 Average $16.17 #VALUE! #VALUE! Summer Rates *Residences heated entirely with electric heat have different rate sheets. **Flat fee of $5 for first 50 kwh. $0.072 per kwh after that. ***Winter Rates

SUMMARY Cust. Chg. or Min. Bill Total Bill Average Cost $/month $/month per kwh REA Average $29.23 $102.89 $0.137185 Investor Owned Average $18.38 $86.81 $0.115749 Municipal Average $16.17 #VALUE! #VALUE! Statewide Average $23.20 #VALUE! #VALUE!