Presentation on theme: "1 Providers Perspective on the Future Bill Levis President, PSEG Power Bill Levis President, PSEG Power."— Presentation transcript:
1 Providers Perspective on the Future Bill Levis President, PSEG Power Bill Levis President, PSEG Power
2 PSEG Climate Change Strategy RENEWABLES CONSERVATION CLEAN CENTRAL STATION POWER
3 Electricity Generation – 2007 United States New Jersey
4 Total New Jersey Capacity (MW)
5 53% 23% 22% Oil 1% Pumped Storage 1% Nuclear Coal Gas Total GWh: 55,300 18% 46 % 8 % 27 % Coal Gas Oil Nuclear Pumped Storage 1% Total MW: 13,487* PSEG Power Portfolio Fuel Diversity – 2008 Energy Produced – 2008
6 Meeting the 2020 Generation Expectations Getting the most out of our assets Invest in reliability improvements Operate with excellence Reduce environmental footprint
7 Investments in Operation Nuclear ~$440 million investment in EPU and Steam Generator replacement, adding 200 MW Pursuing License Renewal Coal ~$1.5 billion investment in NJ Coal units for environmental and reliability improvements Natural Gas Linden combined cycle investments Potential HEDD unit replacements Water injection for environmental improvements
8 Operating with Excellence
9 Reduce Environmental Footprint
10 Other Investment Challenges – where do we go from here? How much transmission will be built and where? What will the price of carbon be? What will interconnect costs be for new units? Will the rules be the same throughout the market? Will we be successful in electrifying transportation? What fuels will be available / economic? Will we have a technology breakthrough?
11 Looking Beyond 2020 How are we ensuring our fuel diversity? In 2030, 75% of NJ coal generation will be >60 yrs old In 2030, 3 out of 4 NJ nuclear plants will be >50 yrs old If we find we need more electricity, where can we get it? ?
12 PSEG Climate Change Strategy RENEWABLES CONSERVATION CLEAN CENTRAL STATION POWER Solar Filings CAES Offshore Wind Efficiency Filings LEEDs Building Asset Optimization Investments Operational Excellence Environmental Footprint Nuclear License Renewal New Nuclear Development