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Meeting the Challenge: The New Energy Landscape MANAGER, POLICY AND OUTREACH BRIDGET MCLAUGHLIN DOCKTER.

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Presentation on theme: "Meeting the Challenge: The New Energy Landscape MANAGER, POLICY AND OUTREACH BRIDGET MCLAUGHLIN DOCKTER."— Presentation transcript:

1 Meeting the Challenge: The New Energy Landscape MANAGER, POLICY AND OUTREACH BRIDGET MCLAUGHLIN DOCKTER

2 Provides safe, clean, reliable energy to more than 3.4 million electric and 1.9 million gas customers 19,851 employees and contractors Regulated operations in 8 Midwestern and Western states Headquartered in Minneapolis Overview

3 Northern States Power Company – Minnesota 1.4 million electric customers 500,000 gas customers Public Service Company of Colorado 1.4 million electric customers 1.3 million gas customers Southwestern Public Service Company 400,000 electric customers Northern States Power Company – Wisconsin 250,000 electric customers 110,000 gas customers

4 ACCOMPLISHMENTS No. 1 wind provider in America Building Solar Capacity A Leader in Emission Reductions A Leader in Conservation A Leader in Transmission 30% Carbon Reduction By 2020 Strong Reliability Storm Response All at a Competitive Price 4

5 AGENDA 5 IndustryTrends Where We Want to Go How We Get There

6 TRENDS IN THE ENERGY INDUSTRY Changing Economics Growing Customer Expectations Changing Policy Landscape 6

7 CHANGING ECONOMICS Natural Gas Drilling and Fracking 7 Price and Production Henry Hub Price $/MMBtu Marketed Monthly Production MMcf Millions

8 CHANGING ECONOMICS Renewable Costs Competes with natural gas Great energy hedge Wind EnergyTax Credit 8

9 CHANGING ECONOMICS Renewable Costs Technology improvements lower costs Utility costs must be considered Higher penetration requires greater system support Solar Energy Utility Scale Energy Rooftop Tax Credit $400 $300 $200 $100 20062013 $0 2009 Incentive 9

10 CHANGING ECONOMICS On the Horizon Several icons will come up here, including: Micro Grids Battery storage Two-way communication Smart Appliances Electric vehicles Heat and PowerMicro Grids Battery Storage Fuel CellsUtility in a Box 10

11 The Energy Grid

12 GROWING CUSTOMER EXPECTATIONS MORE OPTIONS INCREASED RELIABILITY LOCAL CONTROL COMPETITIVE PRICES CONVENIENCE GREEN ENERGY COMMUNICATION PRICE CERTAINTY 12

13 30% CHANGING POLICY LANDSCAPE EPA Proposed Carbon Reduction: Clean Power Plan 41% 11% 35% 13

14 35% by 2030 40% reduction by 2030 2016 – 2030 RESOURCE PLAN 14 63% Carbon Free Reasonable Cost Coal 29% Nuclear 28% Wind 25% Natural Gas 8% Solar 8% Hydro 2%

15 Carbon reduction Grid modernization Innovative products and services New regulatory framework TRANSFORMATIVE REGULATION 15

16 The Energy Landscape has Changed It’s Time for a New Approach KEEPING THE MOMENTUM GOING We’ve Accomplished Great Things Together 16


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