PSEG Power aims to optimize its portfolio through a strategy that provides profit opportunities while mitigating risks. Key objectives include operating the nuclear fleet safely and improving capacity factors, implementing best practices to reduce fossil O&M costs, and realizing value from diverse energy assets. The presentation outlines plans to upgrade nuclear assets, exchange employees with Exelon, and enhance fossil revenues through improved performance and preventative maintenance.
Jason Cox, Dynegy, Inc. - Speaker at the marcus evans Generation Summit 2012, held in San Antonio, TX, delivered his presentation entitled Enigma, Paradox or Conundrum? The Asset Manager’s Challenge to Do More with Le$$
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
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2. Power Overview
PSEG Power’s portfolio optimization strategy provides incremental
profit opportunities while mitigating risks
PSEG Power LLC
PSEG Energy Energy Other
Energy
&
Resources &
&
Energy
Capacity
Capacity
Trade (ER&T)
$
Related
$
Products
Wholesale
Gas
$ and
PSEG PSEG
& Storage
Services
Fossil Nuclear
Gas Contracts
& Storage
Wholesale
Electric Energy
Markets
• BGS
• Other firm contracts
Gas
• Spot market
Markets
• Wholesale gas customers
• Retail gas customers
35
3. Key Issues
Issues 2004 2005 Long-Term
NRC Letter Received NRC letter NRC Monitoring NRC Resolved
NUCLEAR
Organization CNO Transition Organizational Stability Operational Excellence
O&M +$50 million +$50 million Mean/Top Quartile
Capacity Factor 85% 91% 89-92%
CapEx $150-200 million $150-$175 million ~$100 million
Forced Outage-Coal 11% 10% 7%
FOSSIL
O&M Efficiency Base $5 million $25 million
Playbook Developed Implemented Realized
CapEx $350-400 million $150-$175 million ~$100 million
Realize Higher Market Prices
Market Prices Contracted
ER&T
Contract Diversification
Diversification BGS Margins
Increased Origination & Market Liquidity
Trading Augment Staff
36
4. Key Issues
NRC Letter Received NRC letter NRC Monitoring NRC Resolved
NUCLEAR
Organization CNO Transition Organizational Stability Operational Excellence
O&M +$50 million +$50 million Mean/Top Quartile
Capacity Factor 85% 91% 89-92%
CapEx $150-200 million $150-$175 million ~$100 million
Forced Outage-Coal 11% 10% 7%
FOSSIL
O&M Efficiency Base $5 million $25 million
Playbook Developed Implemented Realized
CapEx $350-400 million $150-$175 million ~$100 million
Realize Higher Market Prices
Market Prices Contracted
ER&T
Contract Diversification
Diversification BGS Margins
Increased Origination & Market Liquidity
Trading Augment Staff
37
5. Key Issues
Issues 2004 2005 Long-Term
NRC Letter Received NRC letter NRC Monitoring NRC Resolved
NUCLEAR
Organization CNO Transition Organizational Stability Operational Excellence
O&M +$50 million +$50 million Mean/Top Quartile
Capacity Factor 85% 91% 89-92%
Issues 2004 2005 Long-Term
CapEx $150-200 million $150-$175 million ~$100 million
FOSSIL
Forced Outage-Coal 11% 10% 7%
O&M Efficiency Base $5 million $25 million
Forced Outage-Coal 11% 10% 7%
Playbook Developed Implemented Realized
FOSSIL
O&M Efficiency Base $5 million $15 million
CapEx Playbook $350-400 million $150-$175 million ~$100 million
Developed Implemented Realized
CapEx $350-400 million $165 million $100 million
Realize Higher Market Prices
Market Prices Contracted
ER&T
Contract Diversification
Diversification BGS Margins
Increased Origination & Market Liquidity
Trading Augment Staff
38
6. Key Issues
Issues 2004 2005 Long-Term
NRC Letter Received NRC letter NRC Monitoring NRC Resolved
NUCLEAR
Organization CNO Transition Organizational Stability Operational Excellence
O&M $50 million +$50 million Mean/Top Quartile
Capacity Factor 85% 91% 89-92%
CapEx $150-200 million $150-$175 million ~$100 million
Forced Outage-Coal 11% 10% 7%
FOSSIL
O&M Efficiency Base $5 million $25 million
Playbook Developed Implemented Realized
CapEx $350-400 million $165 million $100 million
Issues 2004 2005 & Long-Term
ER&T
Realize Higher Market Prices
Market Prices Contracted
Contract Diversification
Diversification BGS Margins Realize Higher Market Prices
Market Prices Contracted
ER&T
Increased Origination & Market Liquidity
Trading Augment Staff Contract Diversification
Diversification BGS Margins
Increased Origination & Market Liquidity
Trading Augment Staff
39
7. PSEG Power Business Objectives
• Nuclear Operations
– Operate safely
– Improve capacity factor
– Upgrade assets
– Operate at industry mean O&M levels
• Fossil Operations
– Operate safely and predictably
– Implement industry best practices
– Reduce O&M
• ER&T Operations
– Realize value of diverse electric and gas asset portfolio
40
12. Work Environment - Current Status
• NRC closed investigation
• Two cross-cutting issues
– Problem Identification and Resolution
– Safety Conscious Work Environment
• Issues being addressed
• NRC concurrence with approach
• Monitor progress going forward
45
13. Work Environment - Next Steps
Post
Public Post
Post Public
SCWE
Meeting SCWE
SCWE Meeting
Metrics
with NRC Metrics
Metrics with NRC
SEP 04 OCT 04 NOV 04 DEC 04 JAN 05 FEB 05 MAR 05 APR 05 MAY 05
HOPE CREEK OUTAGE SYNERGY SURVEY SALEM OUTAGE
HOPE CREEK OUTAGE SYNERGY SURVEY SALEM OUTAGE
46
14. Industry Capacity Factors
95
89.6% in 2000
90
90.7% in 2001
Capacity Factor (%)
85 91.9% in 2002
80 90.3% in 2003
75
70
65
60
55
'80 83 '86 89 '92 95 '98 2001
47
15. PSEG Capacity Factor
100
95
C p c F c r%
a a ity a to
90
85
80
75
2000 2004
2001 2002 2003 2005 2006 2007
PSEG Nuclear
Industry
48
16. Plant Improvements
• Reliability Improvements and Major Projects
– Control rod drive mechanisms (Hope Creek – 2004-2006)
– Upgrade circulating and service water systems
(Salem - 2004-2006)
– Vessel head replacements (Salem - 2005)
– Steam generator replacement (Salem – 2008)
• Uprates
– Salem 1 36 MW 2004
– Hope Creek 10 MW 2004
– Hope Creek 125 MW 2006
– PB2 6 MW 2006
– PB3 6 MW 2007
– Salem 2 15 MW 2008
49
17. Capital Program
Capital Expenditures - PSEG Share
$180
$160
$140
$120
Millions
$100
$80
$60
$40
$20
$0
2005 2006 2007 2008 2009
Expected 5-yr capital investment to be approximately $640 million
50
19. Value of Increased Nuclear Output
• PSEG share of NJ output increases by nearly
3,000 GWhrs/yr by 2007 – an improvement of
more than 10% over 2004
• At a $35 - $40 gross margin, the opportunity to
Power is $100 - $120 million
– $65 – $80 million from performance improvement
– $35 – $40 million from uprates
52
20. Near-Term O&M Cost Drivers
• Increased Outage Scope
– Control rod drive mechanism
– Reliability improvements
• Upgrade of Facilities
• Supplemental Labor to Address Issues
• Security
53
21. Key Takeaways
Nuclear has a strong plan for performance improvement, resulting
in considerable financial upside to Power
$45 M - $55 M
O&M
Uprates $35 M - $40 M
Unit Performance $65 M - $80 M
Pretax margin opportunity $ 145 M - $175 M
54
24. Key Objectives
• Continue positive results in safety and
environmental stewardship
• Consistently keep the breakers closed
• Capture O&M efficiencies
57
25. Continued Success in Key Areas
OSHA Rate
9
• Safety 8
7
– Significant improvement 6
in OSHA rate since 5
4
1990 3
2
1
0
1990 1995 2000
1990 1995 2000 2004
Super Region Generation Company NOx Emissions
(lbs/MWh) (2002)
• Environmental 5
– Consistently one of the 4
Power
cleanest generators in 3
the Super Region
2
1
0
58
26. Revenue Enhancement Opportunity
Fossil Generation at Market Prices
• Fossil plays an integral part in ($ million)
Power’s profitability
500
450 Maintenance
• Opportunity exists to further 400 Planning &
350
enhance margin contribution to Execution
300
Power Operating
250 Performance
200
• Points of attack: 150 Market Based
Revenues
100
– Address existing issues
50
– Rigorous preventative
0
maintenance program
2003A 2004F
59
27. Fossil Value Enhancement Plan
$95 m
• Improved unit performance
- $60-$70 million $75 m
• Capture O&M efficiencies in
execution of planned maintenance
- $15-$25 million
Current Performance
Existing Fleet
2004 60
28. Fossil Value Enhancement Plan
Playbook • Improved unit $95 m
• Benchmarking performance
• Reduced costs
• Best Practices
- Operations
- Chemistry
- Maintenance
$75 m
- Training
Gap Analysis
• Areas for
Current Performance
improvement
identified
• Site specific
Existing Fleet
2004 61
29. Fossil Value Enhancement Plan
• Improved unit $95 m
performance
• Reduced costs
36 Month Plan
• Establish the actionable
priorities and responsibilities
for Playbook implementation $75 m
• Actions target specific
operating & productivity
metrics
• Plant investment and
operations tied to asset
Current Performance
mission
• Integrated into performance
management and compensation
plans
Gap
Playbook
Analysis
Existing Fleet
2004 62
30. Fossil Value Enhancement Plan
$95 m
• Improved unit
performance
• Reduced costs
Focus on Hardware
• Fix known problems now $75 m
• Material condition
assessments
• Strengthen reliability centered
maintenance
• Improve outage management
Current Performance
• Environmental stewardship
• Asset rationalization
36 Month Plan
Gap
Playbook
Analysis
Existing Fleet
2004 63
31. Fossil Value Enhancement Plan
$95 m
• Improved unit
performance
Focus on People • Reduced costs
• Safety
• Training
$75 m
• Performance management &
accountability
Hardware
• Compensation
Current Performance
36 Month Plan
Gap
Playbook
Analysis
Existing Fleet
2004 64
32. Fossil Value Enhancement Plan
Leading Indicators • Improved unit $95 m
• Bridgeport performance
Harbor 3 2004 summer capacity factor • Reduced costs
• Hudson 2 Second best run ever
People $75 m
• Mercer Recovery from contractor failure
• Bergen 2 Availability increase
Hardware
• Peaking All time high
Current Performance
• Safety Numerous milestones
36 Month Plan
Gap
Playbook
Analysis
Existing Fleet
2004 65
33. Fossil Value Enhancement Plan
$95 m
• Improved unit performance
- $60-$70 million
People
• Capture O&M efficiencies in $75 m
execution of planned maintenance
- $15-$25 million Hardware
Current Performance
36 Month Plan
Gap
Playbook
Analysis
Existing Fleet
2004 66
35. Energy Resources & Trade (ER&T) Business Profile
Single point accountability for gross margin optimization
ER&T
Wholesale
Portfolio Fuel Asset
Commodity
Management Supply Backed
Trading
Risk Market/Business
Management Development
68
36. Portfolio Management – Operational Strategy
• Maximize cash in the short term relative to unit cost,
availability, spot price, fuel price and import capability
• Portfolio provides opportunities to seek structured
transactions that provide higher margins
• Understand and influence the development of fair market
rules
• Same proven business model for 5 years
69
37. Portfolio Management - Net Position
Power’s objective is to contract over 75% of its planned
generation for the next 18-24 months
Total Fleet Monthly RTC GWh Position
7,000
6,000
5,000
4,000
GWh
3,000
2,000
1,000
-
2004 2005 2006 2007
Nuclear Baseload Coal Intermediate Coal CC
Steam / CT Contracted Load & Sales Contracted Load
70
38. Portfolio Management – Fuel Strategy
Assets Strategy
• Gas throughput • Maximize value relative to the
spark spread
• Gas storage capacity
• Fuel switch to extract value
• Coal contracts
• Hedge coal, oil and gas relative to
• Oil storage capacity contracts and hedges
• Emissions credits • Utilize wholesale gas system for
balancing fuel consumption and
• Generation assets/
option value
contracts
• Trade fuels (gas, coal and oil) in
• Gas contracts
conjunction with the portfolio
• Transmission rights position
• Modify fuel inventory to maximize
value
71
39. Fuel Strategy - Coal
Source of Supply Continuity of Supply
7 100%
90%
6
South
80%
America
Indonesia 5 70%
6%
24% 60%
Million Tons
4
70%
50%
3
40%
30%
2
Domestic
20%
1
10%
- 0%
2005 2006 2007 2008
Keystone Conemaugh Bridgeport Harbor
Year
Mercer Hudson Contracted
72
40. Branchburg Impact on Pricing
Branchburg had a dislocational effect on pricing in PJM
which was not fully offset by Financial Transmission Rights
Average RTC Prices ($/mwh)
80
Branchburg
Derating
70
60
50
40
30
20
2
3
4
M2
M3
M4
Ja 2
Ja 3
Se 2
Se 3
4
N2
N3
02
03
04
-0
-0
-0
-0
-0
-0
-0
-0
l-0
l-0
l-0
0
0
p-
p-
n-
n-
n-
ar
ar
ar
ay
ay
ay
ov
ov
Ju
Ju
Ju
Ja
M
M
M
Load Generation
73
41. ER&T Historical Performance
ER&T’s diverse portfolio has provided growth through varying market conditions,
with an increasing reliance on lower risk products
ER&T Margins ($ millions)
200
180
Asset Based Margins
160
- Greater predictability
140
120
100
80
60
Trading
40
-Reduced market making
20
opportunities
0
-Shift from fundamental
1997 1998 1999 2000 2001 2002 2003 2004
to financial players
Est.
Reduced market exposure at ER&T is aligned with shifting market conditions
74
42. Attractive Future Pricing Environment
Replacement of existing contracts at current higher market prices
could yield incremental earnings of $0.75 to $1.00 per share
PJM Western Hub
Round-The-Clock Forward Prices
$60
$50
Current market prices
Current market prices ~ $45/mwh
Contracted prices ~ $37/mwh
$40
Price delta $ 8/mwh
$/MW h
Generation volume 40,000 gwh
Pre- tax margin $320 million
$30
BGS After tax margin $190 million
BGS Auction 3 EPS Impact $0.80
Auction 2
$20
BGS
Auction 1
$10
0
1
2
3
4
Ja 0
Ja 1
Ja 2
Ja 3
Ap 0
Ap 1
Ap 2
Ap 3
Ap 4
Oc 0
1
Oc 2
3
4
r -0
r -0
r -0
r -0
r -0
t -0
t -0
t -0
t -0
0
0
0
0
0
l-0
l-0
l-0
l-0
l-0
n-
n-
n-
n-
n-
Ju
Ju
Ju
Ju
Ju
Oc
Oc
Ja
75