Presentation on theme: "Financing the Decarbonized Electric Future Our biggest challenge yet? NARUC Summer 2010 Committee Meetings Sacramento, California Remarks of Ron Binz,"— Presentation transcript:
Financing the Decarbonized Electric Future Our biggest challenge yet? NARUC Summer 2010 Committee Meetings Sacramento, California Remarks of Ron Binz, Chairman Colorado Public Utilities Commission July 17, 2010
1 Outline of this presentation CapEx for US Electric Supply 2010-2030 –With and without carbon regulation How big is the challenge? What are the regional differences? What are our regulatory and policy tools? Implications for design of carbon legislation
2 Caveat I am one of three equal commissioners My positions are my own I am confused by many things and have not made up my mind on much at all I dont even agree with some of the things I say Good advice: dont believe everything you think
International Energy Agency View 17 $1.1 T$2.7 T $3.8 Trillion
Implications for Climate Legislation Urgency: important to start soon –Electric sector ready to move now –Encourage early action Cost containment: climate adds to cost pressure –Allocation of allowances –Curbs on speculation Innovation needed: Manhattan Project scale –Substantial R&D funding essential Keep options open: EPRI may be right –CCS and nuclear must be kept viable 18
19 Available at www.fortnightly.com Electric power fIrst Carbon cap $4/ton CO 2 research fee Allowance allocation Dampened trading Early action provision
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