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The Future of Clean Energy Developments in Sustainable Technology. Ben Fowke Executive Vice-President and Chief Financial Officer. Xcel Energy Service Territory. Northern States Power Company- Minnesota. Northern States Power Company- Wisconsin. Public Service Company of Colorado.
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The Future of Clean EnergyDevelopments in Sustainable Technology Ben Fowke Executive Vice-President and Chief Financial Officer
Xcel Energy Service Territory Northern States Power Company- Minnesota Northern States Power Company- Wisconsin Public Service Company of Colorado Xcel EnergyElectric Customers 3.4 millionGas Customers 1.9 million Southwestern Public Service Largest provider of retailwind energy in U.S.
Environmental Leadership Energy Conservation:Avoided more than eleven 250-MW plants Carbon Emission Reduction: Reduced by 26 million tons since 2003 Renewable Energy: 3,643 MW on our system in 2008 SO2/NOx: Reduced 66K tons of SO2 and 43K tons NOx
Projected Resource Mix Energy 2008 2020 Nuclear 12% Nuclear 13% Renewables24% Renewables13% Natural Gas 22% Natural Gas 17% Other 1% Coal 52% Coal 46% Capacity MW WindHydroSolarBiomassRDFLandfillGeothermal 2008 2,935 365 32 194 100 18 0 2020 7,400 400 800 250 60 20 20
Biomass Resource Wind Resource Source: National Renewable Energy Laboratory Solar Resource Wind Density High Low Xcel Energy States Served Geographic Advantage
American Clean Energyand Security Act (ACES) Projected Electric Sector CO2 Emissionsand Allocation Million metric tons CO2
U.S. Electric Sector CO2 Emissions (million metric tons) 3500 * Achieving all targets is very aggressive, but potentially feasible 3000 EIA Base Case 2007 2500 2000 Efficiency Technology Renewables 1500 Nuclear Generation Advanced Coal Generation 1000 Carbon Capture & Sequestration Plug-in Hybrid Vehicles 500 Distributed Generation 0 1990 1995 2000 2005 2010 2015 2020 2025 2030 Meeting the Challenge EPRI: Value of Clean Technologies*
Carbon Emissions Reduction20+% by 2020 CO2 Reduction from 2005 Existing Levels Tons CO2 40,000,000 35,000,000 30,000,000 25,000,000 CO2 Levels 20,000,000 15,000,000 2005 2020 CO2 w/o Reductions CO2 with Reductions MERP Wind DSM MH Upgrades NSP Planned Carbon Reductions
Achieving Demand Side Savings Premium Efficiency Motor LED Lighting
SmartGridCityTM Transmission Line • Two-way Communications • BPL • Cellular/WiFi/WiMax • Meshed solutions Substation • Grid Monitoring/Control • Substations • Transformers • Control points End User Distribution System • End user becomes part of the solution
PHEV and New Supply Sources Pictures from CarbonDay
Investment Horizon US Shareholder-Owned Electric UtilitiesCapital Spending: Trailing 12 Months Dollars in billions Source: EEI
Technology Development Continuum Research & Development Demonstration Deployment Traditional utility industry position Utility role responsive to demand for cleaner technologies
Aligning Interests Customers Regulators Utilities