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WVF Xcel Colorado Slidesbb 08-27-09


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WVF Xcel Colorado Slidesbb 08-27-09

  1. 1. New Energy Economy Women’s Vision Foundation August 27, 2009 Marvin McDaniel CAO & VP Talent & Technology
  2. 2. Northern States Power Company- Minnesota Xcel Energy Electric Customers 3.4 million Gas Customers 1.9 million Public Service Company of Colorado Southwestern Public Service Northern States Power Company- Wisconsin
  3. 3. Leadership <ul><li>#1 wind energy provider </li></ul><ul><li>#5 in U.S. for solar capacity </li></ul><ul><li>Member, Dow Jones Sustainability Index for North America three consecutive years </li></ul>
  4. 4. Public Service Company of Colorado <ul><li>Customers: </li></ul><ul><ul><li>Electric – 1.35 million </li></ul></ul><ul><ul><li>Gas – 1.29 million </li></ul></ul><ul><li>Employees: 3,960 </li></ul><ul><li>Communities Served: 240 </li></ul><ul><li>Regulated by Colorado Public Utilities Commission </li></ul>
  5. 5. Colorado’s Energy Needs <ul><li>In the last decade: </li></ul>Up 7% Up 32% Up 14% Number of Customers Electric Use per Customer Peak Demand
  6. 6. Colorado 2008 Fuel Mix
  7. 8. Position on Climate Policy <ul><li>Working with policymakers, energy providers, environmental community </li></ul><ul><li>Support: </li></ul><ul><ul><li>Federal climate policy </li></ul></ul><ul><ul><li>Properly designed cap & trade program </li></ul></ul><ul><li>Minimize customer cost; maximize environmental benefit </li></ul><ul><li>Encourage & deploy clean-energy technologies </li></ul>Proposed Xcel Energy CO2 Reductions *Reflects owned and purchased generation, and includes wholesale sales.
  8. 9. Renewable Energy Standards <ul><li>Colorado’s Renewable Energy Standard </li></ul><ul><li>Wind – 150 MW in 2009 </li></ul><ul><li>PV Solar – 17 MW by 2010 </li></ul><ul><li>On-Site Solar – 19 MW by 2015 </li></ul><ul><li>Wind and/or PV Solar – up to 700 MW by 2015 </li></ul><ul><li>Concentrating Solar with Thermal Storage – at least 200 MW by 2015 </li></ul>
  9. 10. Renewable Resource Development <ul><li>Partner with NREL on such clean energy projects as: </li></ul><ul><ul><li>Renewable energy storage </li></ul></ul><ul><ul><li>Plug-in hybrid electric vehicles </li></ul></ul><ul><ul><li>Improved wind forecasting </li></ul></ul><ul><li>SolarTAC bringing private and public sponsors together to demonstrate and test new solar energy technologies </li></ul><ul><li>Signed long-term agreement to purchase biogas from Microgy, Inc. </li></ul>
  10. 11. Innovative Clean Technology Program <ul><li>PUC Approval </li></ul><ul><li>Test promising clean energy projects </li></ul><ul><li>Concentrating solar technology into one of our existing coal-fired power plants </li></ul>
  11. 12. Innovating Our Business <ul><li>SmartGridCity™ </li></ul><ul><li>Match energy demand with supply </li></ul><ul><li>Faster outage response </li></ul><ul><li>Add more renewable resources; address intermittency </li></ul><ul><li>Give customers control over energy usage and environmental impact (carbon footprint) </li></ul>
  12. 13. Investing in Our Workforce <ul><li>Job creation </li></ul><ul><ul><li>New Renewable Workforce positions </li></ul></ul><ul><ul><ul><li>Wind </li></ul></ul></ul><ul><ul><ul><li>Solar </li></ul></ul></ul><ul><ul><li>Direct utility jobs created by Smart Grid programs </li></ul></ul><ul><ul><ul><li>Install and maintain smart meters and other technology to support the utility infrastructure </li></ul></ul></ul>
  13. 14. Investing in Our Workforce <ul><li>Develop and train current workforce </li></ul><ul><ul><li>Taking the current workforce and creating a career path into new environmental positions </li></ul></ul><ul><ul><ul><li>Utility positions (e.g. meter reading) transitioned to other roles) </li></ul></ul></ul><ul><ul><ul><li>Energy Efficiency programs to promote to our customers </li></ul></ul></ul><ul><li>Added Challenge is to acquire and retain top talent as we transition into our new environment </li></ul><ul><ul><li>Approximately 50% of the workforce will retire within the next 5 to 10 years </li></ul></ul><ul><ul><ul><li>Ability to adapt, be flexible while still maintaining positive bottom-line results </li></ul></ul></ul>
  14. 15. Energy Efficiency <ul><li>Cost effective way to reduce emissions </li></ul><ul><li>Eliminates need for new power plants </li></ul><ul><ul><li>Since 1992, conservation has prevented 11 new plants from being built </li></ul></ul><ul><li>Important part of carbon reduction strategy </li></ul>
  15. 16. Energy Efficiency <ul><li>In 2008, spent $22.1 million on residential and commercial energy efficiency programs </li></ul><ul><li>Saved 40,682 kW and 151, 789 MWh of electric generation </li></ul><ul><li>Launching 29 new or improved energy-efficiency programs in 2009 </li></ul><ul><li>Between 2009 and 2020, annual electricity savings goal increases from 150 GWh per year to 422 GWh per year </li></ul>
  16. 17. Renewable Energy <ul><li>Windsource </li></ul><ul><ul><li>2008 customers: 45,929 </li></ul></ul><ul><ul><li>MWh generated: 200,000 </li></ul></ul>
  17. 18. Solar Energy <ul><li>Central Solar </li></ul><ul><ul><li>8.2 MW in Alamosa, Colo. </li></ul></ul><ul><ul><li>Plans to acquire 19 additional MW by 2010 </li></ul></ul><ul><ul><li>Evaluating solar storage opportunities </li></ul></ul><ul><li>Solar*Rewards </li></ul><ul><ul><li>Currently 30 MW in Colorado </li></ul></ul><ul><ul><li>Add 55 MW by 2015 </li></ul></ul><ul><ul><li>Launch in MN in 2009 </li></ul></ul>
  18. 19. Additional Resources <ul><li>2008 Corporate Responsibility Report available at </li></ul>