Exhibit 99.2

President’s Report

2

Status

Vs. Plan

Volume through March 14

3

Status

Vs. Plan

Price through March 14

4

Status

Vs. Plan

Financial Results through March 14

5

FYTD

FY-End

Scorecard Report through February

6

FYTD

FY-End

Scorecard Report through February

7

Hard Spots

Reservoir levels

Fuel commodity prices remain high

Purchased power volume

Clean air uncertainty

Spring outages

8

Highlights

New Director on board

Successful Caucus meeting

Successful listening sessions on energy efficiency
and renewables

One nuclear outage complete, one in progress

Progress on cost control initiatives

$1 billion bond issue at 4.5 percent

9

$/kW

Southaven Acquisition