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VINCE GRIFFIN VICE PRESIDENT ENVIRONMENTAL & ENERGY POLICY INDIANA CHAMBER OF COMMERCE

VINCE GRIFFIN VICE PRESIDENT ENVIRONMENTAL & ENERGY POLICY INDIANA CHAMBER OF COMMERCE. “Silver Buckshot”. Most Critical Issues in This Century Energy Water Food Environment Poverty Terrorism and War Disease Democracy Population. Dr. Richard Smalley, Rice University Noble Laureate.

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VINCE GRIFFIN VICE PRESIDENT ENVIRONMENTAL & ENERGY POLICY INDIANA CHAMBER OF COMMERCE

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  1. VINCE GRIFFIN VICE PRESIDENT ENVIRONMENTAL & ENERGY POLICY INDIANA CHAMBER OF COMMERCE

  2. “Silver Buckshot”

  3. Most Critical Issues in This Century Energy Water Food Environment Poverty Terrorism and War Disease Democracy Population Dr. Richard Smalley, Rice UniversityNoble Laureate

  4. Are we using to much Energy? Population Energy GDP Energy/GDP 1000Btu/$ USA 6% 25% 33% .758 ROW 94% 75% 67% 1.12 Do the Math US population consumes 5.26 times the energy of the average person in the rest of the World; But we produce 7.7 times the goods and services of the Rest Of the World. The USA only 67% of the energy per unit of GDP as does the rest of the world. We are the model of energy efficiency, (only Japan and Lichtenstein are better). Per capita energy is of no value to measure, to reduce your per capita consumption you need only add population. It is what you do with the energy that matters. 4

  5. Indiana Primary Energy Consumption Source & Sector, 2004(Trillion Btu, 1012 Btu) SOURCE % & SECTOR % ELECTRIC POWER 1,237.4 INDUST 524.9 RES 349.0 COMM 247.2 TRANS 0.2 EXPORT 116.1 COAL 1,614 52.3% 76.9% 96.2% 0.4% 22.6% 0.5% 2.9% 0.0% 0.4% PETROLEUM 885 28.7% 62.0% INDUSTRIAL 1400.2 47.5% 0.6% 15.1% 22.9% 21.2% 4.2% 1.7% 72.2% 2.5% 13.1% RESIDENTIAL & COMMERCIAL 531.5 + 373.0 = 904.5 30.7% 47.8% 7.1% NATURAL GAS 543 17.6% 78.1% 44.1% Energy for electricity in each sector is included 6.3% 1.0% 97.6% 40.2% 0.0% 9.3% 0.8% 31.8% TRANSPORTATION 641.0 21.8% RENEWABLES 45 1.5% 1.6% 18.6% Total = 3.087 Quads (1015 Btu) 5 http://tonto.eia.doe.gov/state/state_energy_profiles.cfm?sid=IN Net inter-state flow of electricity/losses = -142 (export) http://www.eia.doe.gov/emeu/states/sep_sum/html/sum_btu_tot.html http://www.eia.doe.gov/emeu/states/state.html?q_state_a=in&q_state=INDIANA

  6. Adequate Reliable Affordable Elements of Indiana’s Energy Supply

  7. U.S. Electric Power Mix

  8. Indiana Electricity Mix Indiana Price 5.5¢

  9. Coal-fired Generating Capacity by Decade Installed 9

  10. Wind Developments 11

  11. Indiana Utility Wind Projects 12

  12. Coal Use TrendIndiana coal consumption growing much faster than Indiana coal production 14

  13. Evolution of the Coal Power PlantYet the electricity per ton of coal input stays level 15

  14. Emissions Trends for Indiana Electricity Industry(normalized to 1990 values) 16

  15. Coal Spot Price Source: Energy Information Administration 17

  16. The production of a KWh of electricity even with the added environmental equipment and its parasitic load, takes 9% less energy than it did 35 years ago 18

  17. Natural Gas Futures ($/mmBtu) 19

  18. SUFG Forecast Highlights Significant real electricity price increase through 2012, then leveling off Electricity requirements and peak demand projections are higher than the previous forecast in the later years of the forecast Industrial electricity consumption is projected to grow faster than previously projected 20

  19. Indiana Resource Requirements . 21

  20. Indiana Real Price Projections (2005 $) . 22

  21. Residential Electricity Sales Estimated from: demographics households household income energy prices Growth rates 2007 forecast: 2.21% 2005 forecast: 2.22% 2003 forecast: 1.95% 23

  22. Commercial Electricity Sales Estimated from: floor space inventory end use intensity employment energy prices Growth rates 2007 forecast: 2.46% 2005 forecast: 2.61% 2003 forecast: 2.71% 24

  23. Industrial Electricity Sales Estimated from: GSP by industry energy prices Growth rates 2007 forecast: 2.67% 2005 forecast: 1.99% 2003 forecast: 1.97% 25

  24. Economic development Toyota adds production at Lafayette SIA plant Honda announces new plant near Greensburg Several new ethanol production facilities Suppliers will increase production and the suppliers’ suppliers will increase production e.g., an increase in automobiles may result in an increase in steel. Indiana is #1 steel producer. Growth in Electricity Use

  25. Declining Reserve Margins Source: Megawatt Daily, January 3, 2006

  26. Coal Environmental permitting, construction time Natural gas Fuel cost Nuclear Permitting, public opposition, construction time Wind Limited resource, intermittent supply Solar Limited resource, cost, intermittent supply Biogas Limited resource Fuel Sources for New Resources

  27. Indiana Chamber of Commerce Energy Leadership Elements • A diversified fuel mix including clean coal technologies, natural gas, nuclear and renewable energy sources • Investment in new energy technologies • such as the fuel cell • Assessment of our electric power infrastructure, including transmission and distribution capabilities

  28. Indiana Chamber of Commerce Energy Leadership Elements • Sensible regulatory controls that promote • the responsible building of new electric • power stations • Energy efficiency and conservation

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