TJ Deora Energy Policy Leadership GEO

  • 592 views
Uploaded on

T J Deora GEO presentation.

T J Deora GEO presentation.

More in: Technology , Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
592
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
5
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Energy Policy Leadership TJ Deora
  • 2. Colorado has a typical electric power resource mixtoday… Fuel source by gWh generated
  • 3. …but soon our portfolio will be significantly different
  • 4. How did we do it? Colorado State Policy Drivers 2004 Amendment 37 10% RES by 2015 (IOUs) 2007 HB07-1281 20% RES by 2020 (IOUs) 2010 HB10-1001 30% RES by 2020 (IOUs) HB10-1365 900 MW Coal to Gas
  • 5. Why could we do it? Colorado is well positioned to demonstrate energy policy leadership: 1. High awareness of, and concern about, health & environment 2. Abundant traditional & renewable energy resources 3. Straightforward (relatively) energy markets 4. Willing host communities 5. Bold leadership
  • 6. Is it worth it? Costs Benefits Retail Rate Impact Economic Development 1% 5% • Over $5 Billion Invested • ~16,000 Net New Jobs 2% Health and Environmental 2% • Improved Local Air Quality Oong • Clean Air Interstate Rule Compliance RES DSM Total CACJ Consumer • Reduced Demand • Forward Price Stability • Long Term Cost Reduction
  • 7. There are many forces affecting our energy markets Demand Energy Capital Markets Regulation Availability Technolog y
  • 8. Colorado’s Renewable Energy Standard (RES) has a low impact on retail rates RES Average Monthly PSCo Residential Electric Bill by Component (~1.3 GW, $90.00 2% rate impact) $80.00 Consumer Price IndexFuel $70.00 ECA(natural gas $60.00 RESA New coaland coal) $50.00 TCA generation AQIR $40.00 DSMCA (~0.9 GW, Fort St Vrain 6% rate impact) $30.00 ComancheBase rates $20.00 Base S&F(utility asset PCCA $10.00 CPIrecovery) $- Source: CoPUC ECA= Electric Cost Adjustment; RESA= Renewable Energy Standard Adjustment; TCA=Transmission Cost Adjustment; AQIR= Air Quality Improvement Rider; DSMCA= Demand Side Management Cost Adjustment; Fort St. Vrain= PSCo-owned gas peaking units; Comanche= coal-fired generating station in Pueblo; Base S&F= Base Service and Facility Rates or Base Rate; PCCA= Purchased Capacity Cost Adjustment paid to independent power producers; CPI= Consumer Price Index
  • 9. Federal policies are of critical importance tocomplement state policies FEDERAL STATE • PTC / ITC Capital • Modified Accelerated Availability Cost Recovery System • Loan Guarantees Regulation •Clean Air Act • National Labs Technology • R&D Tax Credits • ARPA-E • Renewable Energy Standards • Clean Air-Clean Jobs Act/ Markets State Implementation Plan • Sales and Property Tax
  • 10. Policy (or lack thereof) reinforces broader markettrends Reduced Regulatory Investment Uncertainty Levels Low Energy Prices Natural gas prices
  • 11. Why is Federal policy support so unstable? Our country should do more to support renewable energy… Democrats Independents Republicans
  • 12. Can we establish successful national energy policy? 1. High awareness of and concern about health & environment 2. Abundant traditional & renewable energy resources 3. Straightforward (relatively) energy markets 4. Willing host communities 5. Bold leadership
  • 13. What is next for GEO? Implement the legislative framework for maximum benefitJobs Consumer Cost Environmental• Increase manufacturing • Support residential EE finance • Capture coal mine methane• Increase energy project • Promote energy performance • Advance oil & gas best development and contracting for commercial practices construction by providing sector • Increase energy productivity commercialization capital • Simplify PV/RE permits & • Utilize beetle kill (revolving loan funds) regulations • Diversify to hedge price volatility • Increase ROI of weatherization programs
  • 14. What is next for Colorado? 2. Understand portfolio potential post-2020 COAL NATURAL GAS RENEWABLES Lower Emission New Supply / Demand Cost effective Power Dynamics integration Generation beyond 30%
  • 15. What is next for Colorado? 3. Find the next big opportunity, e.g. Diversification of Our Transportation Fuel Mix Natural Gas, Electricity, Biofuels, Other? Lower Energy Consumer Security Prices Investment Improved Local & Jobs Air Quality