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Published byGavin Staggers Modified over 8 years ago
14 th Annual International Legislators Forum EPA Carbon Regulation June 26, 2014 Eric J. Olsen Vice President and General Counsel Great River Energy
Presentation Outline Great River Energy and electric cooperative background Potential impact of the proposed rule on GRE GRE’s action plan regarding the proposed regulations
GRE and our membership 28 member cooperatives – 1.7 million consumers 4 th largest G&T in the nation $3.7 billion total assets $2.8 billion total debt $980.4 million revenue 880 employees (MN and ND) 3,619 MW generation 701 MW renewables 4,660 miles transmission
GRE is a G&T cooperative Generation and transmission cooperatives (G&Ts) generate and transmit electricity to distribution co ‑ ops Distribution cooperatives deliver electricity to the consumer G&Ts are owned by distribution cooperatives Distribution co-ops are owned by member electric consumers
U.S. electric co-ops 846 distribution & 66 G&T cooperatives Serve an estimated 42 million people in 47 states, including: o 18 million businesses, homes, schools, churches, farms, irrigation systems & other establishments in 2,500 of 3,141 counties in the U.S. Nearly 13% of the nation's METERS are customers of rural electric co-ops
Great River Energy’s Members Rely on Coal Plants Coal Creek Station1140 MW Stanton Station 188 MW Spiritwood Station 99 MW 67% of GRE’s energy comes from coal GRE’s North Dakota coal-fired plants are the economic foundation for our members’ affordable rates
Great River Energy’s Minnesota Generation 1300 MW of gas-fired peaking plants provide reliability 31 MW waste to energy plant provides renewable energy 300 MW of Minnesota wind purchases are carbon free 650 KW of new solar provides valuable R&D benefits
Great River Energy Prepared for Carbon Regulation Accelerate depreciation of Coal Creek and Stanton Stations Reduced CO 2 emissions 20% below 2005 levels Substantially reduce reliance on coal Meet growth with conservation, energy efficiency renewables, natural gas, and the market Use municipal waste for power generation; don’t landfill it Work with our members to develop solar and other nontraditional generation
Impact of the Proposed Rule on Great River Energy North Dakota carbon intensity reduction requirement is 11% o DryFining™ coal refining system reduces CO 2 emissions by 4% o Spiritwood combined heat and power plant is half as carbon intense as conventional coal Minnesota carbon intensity requirement is 41% o GRE’s Minnesota generation is low or no carbon o GRE is meeting Minnesota’s renewable energy standard and conservation goals
Reliability and Affordability Remain Care Concerns The nation and region rely on the market for reliable energy and low cost resources What affects the market affects Great River Energy and our members; no utility is an island Carefully analyze the rule’s impact on reliability and cost
Great River Energy Advocacy Regarding the Proposed Rule Multiple efforts to shape outcome Midwest Power Sector Collaborative Coalition for Innovative Climate Solutions National Rural Electric Cooperative Association Work with federal and state policymakers
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