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2015 Mace Advocacy alliance policy conference

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Presentation on theme: "2015 Mace Advocacy alliance policy conference"— Presentation transcript:

1 2015 Mace Advocacy alliance policy conference
Meeting the Challenge Cleaner fuel sources for electric generation 2015 Mace Advocacy alliance policy conference Mark Stoering, president nsp-Wisconsin, an Xcel Energy company

2 XCEL ENERGY Investor-owned Operate in 8 states 12,000+ employees
NSP-Minnesota NSP-Wisconsin Public Service Company of Colorado Southwestern Public Service Investor-owned Operate in 8 states 12,000+ employees Unemployment Service area: 3.6% US: 5.1% Customers Electric: 3.4 million Gas: 1.9 million

3 NSP-WISCONSIN Wisconsin & Michigan
Customers 252,000 electric 112,000 natural gas Total Assets $ $2.2 billion Employees 1,000+

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

5 XCEL ENERGY SUPPLY PORTFOLIO
Capitalize on diversity Geographic advantage Natural gas plants support renewables Today, coal remains base-load option Coal 37% Nuclear 30% Renewables 25% Natural Gas 8%

6 EVOLVING POLICY LANDSCAPE
Final Clean Power Plan Reduce CO2 emissions 32% nationally Improves on 2014 proposal More recognition of Xcel Energy’s early action Xcel Energy well-positioned Our Goal: To be the Clean Power Plan Solution Provider to states we serve

7 CLEAN POWER PLAN SOLUTION PROVIDER
Environment Continue emission reduction trajectory Support clean energy at a reasonable price Customers Ensure reasonable cost Maintain reliability Remain viable regardless of outcome of litigation Policymakers Maintain credibility with all states Reduce policy and political risk Shareholders Support business strategy Create growth opportunities

8 BOLD PLAN TO REDUCE EMISSIONS
Accelerate transition to clean energy future Further reduce reliance on coal by 50 percent Develop new natural gas generation in region Speed up pace of wind and solar integration Operate carbon-free nuclear plants through license life Continue to help customers be even more energy efficient

9 GRADUAL DECREASE ON COAL
Retire two major coal units Replace with natural gas plant Add large-scale solar

10 ADD PEAKING GENERATION Natural Gas
Drilling and Fracking Price and Production Henry Hub Price $/MMBtu Marketed Monthly Production MMcf Millions 10

11 INDUSTRIAL SAND MINING
2010 Sand Deposit Customer 11

12 INDUSTRIAL SAND MINING
Today Sand Deposit Customer 12

13 GROW EXISTING RENEWABLES Wind
No. 1 utility wind provider for 11 consecutive years 1,800 MW of wind generation in Upper Midwest today Increase Upper Midwest wind power by 750 MW or 40 percent by end of year

14 ADD NEW RENEWABLES AND OPTIONS Solar
Top 10 nationally Upper Midwest Planned Additions Utility-Scale Solar MW in ,400 MW by 2030 Community Solar MW of small-scale solar gardens - Solar*Connect Community in Wisconsin

15 MAINTAIN EXISTING RENEWABLES Wisconsin Hydro
Leading hydro producer in Midwest Upgraded and modernized Relicensed Low-cost generation Carbon-free Jim Falls Hydro

16 MAINTAIN EXISTING RENEWABLES Wisconsin Biomass
Bay Front Plant – Ashland French Island Plant – La Crosse Locally sustainable fuel Local economic driver Carbon neutral Strong public/private partnerships

17 RETAIN CARBON-FREE BASE LOAD Nuclear
Three units totaling 1,700 MW Continue operation through 2030/2032 Economic driver for host communities Monticello Prairie Island

18 CORNERSTONE OF CLEAN ENERGY Energy Efficiency
National Leader Programs to manage use: 100 for electricity 50 for natural gas 982 GWh of electricity saved in 2014 Our Plan: To achieve an additional 1.5% in energy savings

19 THE RESULTS Resources for the future
63% Carbon-Free by 2030

20 OUR PATH FORWARD Environmental challenge as an asset
Frame the discussion Provide wins for all Be BOLD … gain momentum

21 21


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