Basin Electric's core business is generating and transmitting wholesale bulk electric power to customers, primarily to our member rural electric systems, which are located in nine states: Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, and Wyoming. Our largest subsidiary, the for-profit Dakota Gasification Company, owns and operates the Great Plains Synfuels Plant near Beulah, North Dakota, which gasifies lignite coal and captures some of the carbon dioxide emissions (CO2) and sends them to produce several value-added products. Basin Electric owned 4,274 megawatts (MW) and operated 5,217 MW of electric generating capacity by end of year 2023, of which 981 MW is for participants of the Missouri Basin Power Project (MBPP), and 80 MW is jointly owned by Basin Electric and its Class A member, Corn Belt Power Cooperative, Humboldt, Iowa. Our electric generation facilities are located in North Dakota, South Dakota, Wyoming, Montana, and Iowa.