Investor-owned Utility Review

Interim Study Committee

Jack Ihle

Director, Regulatory & Strategic Analysis

August 22, 2019

Xcel Energy

Serving eight states

• 3.6 million electricity customers

• 2 million natural gas customers

Nationally recognized

leader:

• Wind energy

• Energy efficiency

• Carbon emissions

reductions

2

IOUs: Executing on Initiatives

HB19-1261

SB19-236

SB19-096

SB19-077

HB19-1003

HB18-1270

HB18-1271

SB18-009

And more…

Planning

Certificates of

Public

Convenience

and Necessity

Rulemakings

Legislature PUC IOUs

Years of

Implementation

Xcel Energy Priorities

3

Xcel Energy – Colorado

Progress on Clean Energy and Carbon Reduction

U.S. power sector carbon dioxide emissions down

28% from 2005 to 2018*

*U.S. EIA Data – Monthly Energy Review

Leading the Clean Energy Transition: Carbon Objectives

2018 2030 2050

38%Reduction

80%Reduction

100%Carbon Free

9

Protect energy reliability and affordability

Support from our states and stakeholders

Constructive public policy

Develop carbon-free 24/7 technologies for 2050

A Commitment that Resonates

Keeping Customer Bills Low

$83.52 $83.27$80.15 $81.12 $81.00 $84.12

$53.25

$61.64

$48.17

$42.51 $45.79 $47.81

2013 2014 2015 2016 2017 2018

Average Residential Customer Bill

Xcel Energy

gas and

electric bills

are below the

national

average

Electric

Natural Gas

6

Enhancing the Customer Experience:

A Diverse Set of Renewable Choices

Renewable Program Number of

Customers

RES/C&I

Proportion by

Customer Count

Renewable

Capacity

Supported (MW)

RES/C&I

Proportion by

Capacity

Windsource 51,988 98% / 2% 62 72% / 28%

Solar*Rewards Small 34,469 95% / 5% 195 96% / 4%

Solar*Rewards Medium 1,411 36% / 64% 104 7% / 93%

Solar*Rewards Large 35 0% / 100% 32 0% / 100%

Net Metering Only Small 11,102 88% / 12% 63 90% / 10%

Net Metering Only Medium 16 19% / 81% 2 1% / 99%

Net Metering Only Large 1 0% / 100% 1 0% / 100%

Solar*Rewards Community 1,611 64% / 36% 54 9% / 92%

Renewable*Connect 3,411 79% / 21% 50 14% / 86%

Total 104,044 94% / 6% 563 55% / 45%

Other choices: energy efficiency programs, smart thermostats, rate design pilot programs, residential batteries, electric vehicles, electric vehicle smart charging pilot …

ProgramHouseholds

(Today)

Households

(Plan)

Solar*Rewards

Community**1,513 8,289

Solar*Rewards 808 808

CEO Low Income 130 300

Windsource (by

neighborhood)8,500 8,500

Energy Assistance (LEAP) 50,000 50,000

Energy Outreach

Colorado (EOC)9,152 9,152

DSM Low Income

Options***8,000 8,000

Total 78,103 85,049

Xcel Energy Low-Income/Energy Assistance

Programs

10

*103,937 participants in S*R, S*RC, NEM, Windsource and R*C as of 2018 Year End

**Solar*Rewards Community Participation assumes 3.8 kW capacity per household/participant

***DSM includes LI-weatherization and energy saving kits. It doesn't include 50 LI Multifamily projects, each with varying units qty.

Xcel Energy Colorado Residential Customers 1.25 Million

Est % Living in Poverty 10.3%

Estimated Low-income Households ~130,000

Estimated Program Participation (Today) 56%

Estimated Program Participation (Plan) 62%

Residential Rate Pilots

• 2018-2019

• TOU & TDR

• 11,000 customers in pilot study

Smart Meter Rollout

• 2019-2024

• Part of Advanced Grid Intelligence & Security (AGIS) Initiative

Time Based Rates

• To be proposed late 2019

• In effect early 2020s

• Studying pilot results

• Option to all residential customers

• Must consider low income issues

Time Based Rates and Metering

Research: Two SolarTAC projects

Demonstration: Panasonic and Stapleton Pilot Projects

Policy: Developed Interconnection Guidelines

Customer Choice: ~300 residential batteries now installed

Integrating Value: Residential Battery Demand Response Pilot

Community Resiliency: HB18-1270 microgrid initiative (proposed)

Scale: 275 MW batteries approved under Colorado Energy Plan

Battery Deployment

~17,000 EVs in Xcel Energy-Colorado territory

~40 public fast charging stations

~422 public charging stations

Xcel Energy Electric Vehicle Strategy:

• Making EV adoption easier

• Creating charging infrastructure

• Establishing rates and technology to encourage charging on

low-cost, low-carbon energy

EV Implementation Plan

Home

Charging

Public

Charging

Fleet

Operations

23

Initial

Filing

Topic Vehicle Status

December

2018

EV line extension Line

extension

filing

Decision:

better policy

for EVs

May 2019 EV rates: fleet, public fast

charging (SB19-077)

Separate

filing

Filed

Summer

2019

Smart charging pilot DSM plan

modification

To be Noticed

for Comment

Late 2019 Residential rates in TOU

options

Residential

rates filing

Under

Development

Spring 2020 Transportation Electrification

Plan (SB19-077)

Separate

Filing

Stakeholder

Outreach

Overview of EV Filings

Planning

Resource

Transmission

Distribution

Advanced Grid Initiatives (AGIS, ICT)

Distributed Generation

CPCNs

Demand-Side Management (Energy Efficiency & Demand Response)

Transportation Electrification

Rulemakings

Performance

Quality of Service Plans

Performance Reports: Construction

(Cabin Creek, Wind Project cost safeguards)

Performance Reports: Operation of Plants

Compliance Reports: (Renewable Energy Standard, Demand-Side

Management)

Rates/Admin.

Rate Cases

Fuel and Rate Rider Updates

Tariff Management

Franchises

Information Provided to the PUC

Thank You