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Provider’s Perspective on the Future

Provider’s Perspective on the Future. Bill Levis President, PSEG Power. PSEG Climate Change Strategy. CLEAN CENTRAL STATION POWER. CONSERVATION. RENEWABLES. Electricity Generation – 2007. United States. New Jersey. Total New Jersey Capacity (MW). Total GWh: 55,300.

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Provider’s Perspective on the Future

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  1. Provider’s Perspective on the Future Bill Levis President, PSEG Power

  2. PSEG Climate Change Strategy CLEAN CENTRAL STATION POWER CONSERVATION RENEWABLES

  3. Electricity Generation – 2007 United States New Jersey

  4. Total New Jersey Capacity (MW)

  5. Total GWh: 55,300 Total MW: 13,487* Nuclear Oil Nuclear Pumped Storage 1% 8 % 53% 27 % Pumped Storage 1% 22% 18% Gas 46 % 23% Oil 1% Coal Gas Coal PSEG Power Portfolio Fuel Diversity – 2008 Energy Produced – 2008

  6. Meeting the 2020 Generation Expectations • Getting the most out of our assets • Invest in reliability improvements • Operate with excellence • Reduce environmental footprint

  7. Investments in Operation • Nuclear • ~$440 million investment in EPU and Steam Generator replacement, adding 200 MW • Pursuing License Renewal • Coal • ~$1.5 billion investment in NJ Coal units for environmental and reliability improvements • Natural Gas • Linden combined cycle investments • Potential HEDD unit replacements • Water injection for environmental improvements

  8. Operating with Excellence

  9. Reduce Environmental Footprint

  10. Other Investment Challenges – where do we go from here? • How much transmission will be built and where? • What will the price of carbon be? • What will interconnect costs be for new units? • Will the rules be the same throughout the market? • Will we be successful in electrifying transportation? • What fuels will be available / economic? • Will we have a technology breakthrough?

  11. Looking Beyond 2020 • How are we ensuring our fuel diversity? • In 2030, 75% of NJ coal generation will be >60 yrs old • In 2030, 3 out of 4 NJ nuclear plants will be >50 yrs old • If we find we need more electricity, where can we get it? ?

  12. PSEG Climate Change Strategy CLEAN CENTRAL STATION POWER CONSERVATION RENEWABLES • Asset Optimization • Investments • Operational Excellence • Environmental Footprint • Nuclear License Renewal • New Nuclear Development Solar Filings CAES Offshore Wind Efficiency Filings LEEDs Building

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