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Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
Policy Forum Series: Bull - Clean Energy That Works For Minnesota
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Policy Forum Series: Bull - Clean Energy That Works For Minnesota

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  • 1. Clean Energy that Works for Minnesota EI Policy Forum: Natural Gas and Minnesota’s Energy Future September 21, 2012 Mike Bull, Manager Public Policy & Strategy
  • 2. Xcel Energy  No. 1 wind energy provider Northern States  No. 5 in solar additions Power Company Northern States  Largest green pricing Minnesota Power Company program (Windsource) Wisconsin  4TH largest DSM programPublic Service  Industry-leading voluntary Company of emission reductions projects Colorado Gas Customers 1.9 M Electric Customers 3.4 MSouthwest PublicService Company
  • 3. Natural Gas Forecasts: 2007 vs 2012$12 Cost per MMBtu$10 $8 2007 Forecast $6 $4 2012 Forecast $2 $0 2012 2016 2020
  • 4. Balanced Fuel PortfolioKeeps Costs and Risks Down 4
  • 5. Changing Power Supply
  • 6. Three R’s – Retire, Retrofit, Repower Black Dog, Unit 1 and 2 (2001) Retire 176 MW of coal generation Replace with 315 MW of Natural Gas Combined Cycle (NGCC)Retrofit Retire MN Emissions Reduction Project (2007-2009)Anchor Aging, Coal Retrofit King Plant (550 MW) Inefficient Units Retire High Bridge and Riverside coal units (656 MW) Coal Units Construct new NGCC plants at High Bridge and Riverside (1035 MW) Black Dog, Units 3 and 4 (Proposed 2015) Retire two units (253 MW)
  • 7. Wind Capacity Additions thru 2012 Wind Capacity on the NSP System 2000 1500MW 1000 500 0 2006 2007 2008 2009 2010 2011 Proj 2012 Year
  • 8. Nuclear Facilities License Extensions Monticello Plant Prairie Island Plant Extended to 2030 Extended to 2033/34
  • 9. Potential 2025 NSP Energy Outlook Other Renewables 4% Wind 20% Natural Coal Gas 16% 32% Nuclear 28%
  • 10. Benefits of A Balanced ApproachMore flexible, reliable system operationally  Modern generation replacing older  Better able to respond to load & supply changesSignificantly reduced emissionsReduced risks and costs:  Operational, financial, regulatory
  • 11. Benefits of Early Action Annualized Future Env. CapEx for Utility Coal Fleet $/MWh $6.00 $4.85 $5.00 Range $4.00 For $3.00 Peer $1.95 Utilities $2.00 $1.00 $0.59 $- NSP Peer Coal Peer Coal Utility: Low Utility: High 11
  • 12. NSP GHG Reductions from MN Programs  Emissions without state  clean energy programs     Emissions with state Renewables • Mandate began in 2007, 30% by 2020 clean energy  programs Energy • Began in the 1990’s, with DSM spending Efficiency requirement based on revenues  • DSM standard of 1.5% of total retail sales enacted in 2007  Coal Retirements • Metropolitan Emissions Reduction Program, Black Dog                  12
  • 13. Potential Concerns“Shale Gale” effect  Prices other resources out of the market Wind, Nuclear, Coal, SolarOver-reliance, exports, etc. could increase price and volatility  “Back to the Future”?Electric-Natural Gas “Harmonization”
  • 14. E.g. – Pipeline Infrastructure

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