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40,000 MW of hydropower generation 175 TWh of energy storage 20,000 miles of transmission

The Role of Hydro- Québec in New England Electric Markets The New England Electricity Restructuring Roundtable June 14, 2013 Stephen Molodetz, Vice President of Business Development, HQUS. Hydro- Québec : A Snapshot. 40,000 MW of hydropower generation 175 TWh of energy storage

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40,000 MW of hydropower generation 175 TWh of energy storage 20,000 miles of transmission

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  1. The Role of Hydro-Québec in New England Electric Markets The New England Electricity Restructuring RoundtableJune 14, 2013Stephen Molodetz, Vice President of Business Development, HQUS

  2. Hydro-Québec: A Snapshot • 40,000 MW of hydropower generation • 175 TWh of energy storage • 20,000 miles of transmission • 6,000 MW of export capacity

  3. . Significant New Development and Investment • Hydroelectric Projects: 4,000 MW (2005-2020) • Northeast US Transmission Proposals: 2,200 MW

  4. Large Hydropower: Multiple Benefits • Reliability • Secure, non-gas fuel source • Controllable • On and off peak deliveries • Price • Cost competitive • Unaffected by fuel markets • Reduced volatility • Cost-effective renewable • Environmental • Renewable • Low-carbon • Flexibility to balance intermittent renewables • Reduced fossil dispatch

  5. Outlook for New England Market: Value of Hydro-Québec Power Increasing • Aggressive RPS targets • Supports renewable commitment • Balance greater quantities of wind Source: ISO-NE RSP 2012 • Gas reliance creates reliability/price risk • Urgent need for non-gas resources Source: Connecticut IRP 2012 … near term need to replace “at risk” generation is also aligned with HQ development projects

  6. Contributing to New England’s Need for New Capacity: Northern Pass Transmission Project • 1200 MW HVDC link between Quebec and Deerfield, NH • HQ funded project • Would offer a large amount of capacity, in a single project • Ensures that replacement resources will not be all natural gas

  7. Issues to Consider • New England is facing a significant transformation of the power system • Should the region proactively seek solutions to mitigate current risks and advance public policy goals? • If so, what role should the states play? • What is the evaluation of consumer cost ? • What is the appropriate forum for a discussion of regional projects such as NPT ? • If the status quo continues, will existing risks be exacerbated?

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