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The Role of Coal Generation in a World of Greenhouse Gas Regulation. NARUC Summer Meeting New York City. July 17, 2007 Jackson E. Reasor, President & CEO Old Dominion Electric Cooperative. Old Dominion Electric Cooperative Glen Allen, Virginia.
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The Role of Coal Generationin aWorld of Greenhouse GasRegulation NARUC Summer Meeting New York City July 17, 2007 Jackson E. Reasor, President & CEO Old Dominion Electric Cooperative
Old Dominion Electric CooperativeGlen Allen, Virginia • Power provider for 12 distribution electric cooperatives in Virginia, Maryland and Delaware • Serves over 450,000 member-owned meters or about 1 million customers • Ownership interest in coal, nuclear and gas generating plants
Overview: • Coal must be a part of our energy mix • No simple solution for climate issues • Technology improvements are needed across the board
Electricity Demand Growing 40% Source: EIA Annual Energy Outlook 2007
Capacity Margins Lowest Since 2001 Source: EIA Electric Power Annual 2005
Capacity Margins Forecast Source: NERC ES&D 2006 Reserve Margin Forecast
PJM as Part of the Eastern Interconnection KEY STATISTICS - TODAY PJM member companies 400+ millions of people served 51 peak load in megawatts 144,796 MWs of generating capacity 164,634 GWh of annual energy 728,000 generation sources 1,271 area served 13 states + DC Internal/external tie lines 247+
Transmission Expansion Drivers KEY STATISTICS - 2020 PJM member companies 400+ millions of people served 55 peak load in megawatts 190,000 MWs of generating capacity 220,000 GWh of annual energy 900,000 generation sources 1,300+ area served 13 states + DC Internal/external tie lines 247+
Projected Loads Capacity Purchases 2008 2013 2018 Peaking Baseload
Total US Electricity Generation: 2005 EIA Source: EPRI 3826 million mWh
Total Electricity Generation: 2030 EIA Base Source: EPRI 5406 million mWh
Total US Electricity Generation: 2030 EPRI Source: EPRI 5401 million mWh
Comparing Future Scenarios EIA Reference Case EPRI Technology Case
Review: • Coal must be a part of our energy mix • No simple solution for climate issues • Technology improvements are needed across the board