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Meeting the Challenge:The New Energy Landscape
MANAGER, POLICY AND OUTREACHBRIDGET MCLAUGHLIN DOCKTER
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• Provides safe, clean, reliable energy to more than 3.4 million electric and 1.9 million gas customers
• 19,851 employees and contractors
• Regulated operations in 8 Midwestern and Western states
• Headquartered in Minneapolis
Overview
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Northern States Power Company –
Minnesota• 1.4 million electric
customers• 500,000 gas customers
Public Service Company of
Colorado• 1.4 million electric
customers• 1.3 million gas
customers
Southwestern Public Service
Company• 400,000 electric
customers
Northern States Power Company –
Wisconsin• 250,000 electric
customers• 110,000 gas customers
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ACCOMPLISHMENTS
No. 1 wind provider in America
Building Solar Capacity
A Leader inEmission Reductions
A Leaderin Conservation
A Leaderin Transmission30%
Carbon ReductionBy 2020
Strong Reliability
StormResponse
All at aCompetitive
Price
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AGENDA
IndustryTrends
Where WeWant to Go
How We Get There
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TRENDS IN THE ENERGY INDUSTRY
ChangingEconomics
Growing Customer Expectations
Changing Policy Landscape
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CHANGING ECONOMICSNatural Gas
Drilling and Fracking
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Price and Production
Henry Hub Price$/MMBtu
Marketed MonthlyProduction MMcf
Millions
$-
$2
$4
$6
$8
$10
$12
$14
1,000,000.0
1,200,000.0
1,400,000.0
1,600,000.0
1,800,000.0
2,000,000.0
2,200,000.0
2,400,000.0
2,600,000.0Price Production
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CHANGING ECONOMICSRenewable Costs
2005 2009 2013$0
$20
$40
$60
$80
$-
$2
$4
$6
$8
$10
$/MWh $/MMBtu
• Competes with natural gas
• Great energy hedge
WindEnergy Tax Credit
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CHANGING ECONOMICSRenewable Costs
• Technology improvements lower costs
• Utility costs must be considered
• Higher penetration requires greater system support
SolarEnergyUtility Scale
EnergyRooftop
TaxCredit
$400
$300
$200
$100
2006 2013 2013$0
2009
Incentive
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CHANGING ECONOMICS On the Horizon
Heat and Power
Micro Grids
Battery Storage
Fuel Cells
Utility in a Box
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The Energy Grid
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GROWING CUSTOMER EXPECTATIONS
MORE OPTIONS INCREASED RELIABILITY
LOCAL CONTROL COMPETITIVE PRICES
CONVENIENCEGREEN ENERGY
COMMUNICATIONPRICE CERTAINTY
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30%
CHANGING POLICY LANDSCAPEEPA Proposed Carbon Reduction: Clean Power Plan
41%
11%
35%
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35%by 2030
40%reductionby 2030
2016 – 2030 RESOURCE PLAN
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63% Carbon Free
Reasonable
Cost
Coal29%
Nuclear28%
Wind25%
Natural Gas 8%
Solar8%
Hydro2%
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Carbon reduction
Grid modernization
Innovative products and services
New regulatory framework
TRANSFORMATIVE REGULATION
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The Energy Landscape
has Changed
It’s Time for a New Approach
KEEPING THE MOMENTUM GOING
We’ve Accomplished Great Things
Together
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