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2015 Mace Advocacy alliance policy conference

Meeting the Challenge Cleaner fuel sources for electric generation. 2015 Mace Advocacy alliance policy conference. Mark Stoering, president nsp -Wisconsin, an Xcel Energy company. XCEL ENERGY. NSP-Minnesota. NSP-Wisconsin. Public Service Company of Colorado.

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2015 Mace Advocacy alliance policy conference

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  1. Meeting the ChallengeCleaner fuel sources for electric generation 2015 Mace Advocacy alliance policy conference Mark Stoering, president nsp-Wisconsin, an Xcel Energy company

  2. XCEL ENERGY NSP-Minnesota NSP-Wisconsin Public Service Company of Colorado SouthwesternPublic Service • Investor-owned • Operate in 8 states • 12,000+ employees • CustomersElectric: 3.4 millionGas: 1.9 million • UnemploymentService area: 3.6%US: 5.1%

  3. NSP-WISCONSIN • Wisconsin & Michigan • Customers 252,000 electric 112,000 natural gas • Total Assets $ $2.2 billion • Employees 1,000+

  4. ACCOMPLISHMENTS No. 1 wind provider in America A Leaderin Conservation A Leaderin Transmission Building Solar Capacity A Leader inEmission Reductions All at aCompetitivePrice 30% StormResponse Carbon Reduction Strong Reliability

  5. XCEL ENERGY SUPPLY PORTFOLIO • Capitalize on diversity • Geographic advantage • Natural gas plants support renewables • Today, coal remains base-load option Natural Gas 8% Coal37% Renewables25% Nuclear30%

  6. EVOLVING POLICY LANDSCAPE • Final Clean Power Plan • Reduce CO2 emissions 32% nationally • Improves on 2014 proposal • More recognition ofXcel Energy’s early action • Xcel Energy well-positioned • Our Goal: To be the Clean Power Plan Solution Provider to states we serve

  7. CLEAN POWER PLAN SOLUTION PROVIDER Environment Customers Policymakers Shareholders • Maintain credibility with all states • Reduce policy and political risk • Support business strategy • Create growth opportunities • Continue emission reduction trajectory • Support clean energy at a reasonable price • Ensure reasonable cost • Maintain reliability • Remain viable regardless of outcome of litigation

  8. BOLD PLAN TO REDUCE EMISSIONS • Accelerate transition to clean energy future • Further reduce reliance on coal by 50 percent • Develop new natural gas generation in region • Speed up pace of wind and solar integration • Operate carbon-free nuclear plants through license life • Continue to help customers be even more energy efficient

  9. GRADUAL DECREASE ON COAL • Retire two major coal units • Replace withnatural gas plant • Add large-scale solar

  10. ADD PEAKING GENERATIONNatural Gas Drilling and Fracking Price and Production Marketed MonthlyProduction MMcf Henry Hub Price$/MMBtu Millions

  11. INDUSTRIAL SAND MINING 2010 Sand Deposit Customer

  12. INDUSTRIAL SAND MINING Today Sand Deposit Customer

  13. GROW EXISTING RENEWABLESWind • No. 1 utility wind provider for 11 consecutive years • 1,800 MW of wind generation in Upper Midwest today • Increase Upper Midwest wind power by 750 MW or 40 percent by end of year

  14. ADD NEW RENEWABLES AND OPTIONSSolar • Top 10 nationally • Upper Midwest Planned Additions • Utility-Scale Solar- 287 MW in 2016- 1,400 MW by 2030 • Community Solar- 700 MW of small-scale solar gardens- Solar*Connect Community in Wisconsin

  15. MAINTAIN EXISTING RENEWABLESWisconsin Hydro • Leading hydro producer in Midwest • Upgraded and modernized • Relicensed • Low-cost generation • Carbon-free Jim Falls Hydro

  16. MAINTAIN EXISTING RENEWABLESWisconsin Biomass • Locally sustainable fuel • Local economic driver • Carbon neutral • Strong public/private partnerships French Island Plant – La Crosse Bay Front Plant – Ashland

  17. RETAIN CARBON-FREE BASE LOADNuclear Prairie Island Monticello • Three units totaling 1,700 MW • Continue operation through 2030/2032 • Economic driver for host communities

  18. CORNERSTONE OF CLEAN ENERGYEnergy Efficiency • Programs to manage use: • 100 for electricity • 50 for natural gas • NationalLeader • Our Plan:To achieve an additional 1.5%in energy savings • 982 GWh of electricity saved in 2014

  19. THE RESULTSResources for the future 63% Carbon-Free by 2030

  20. OUR PATH FORWARD Environmental challengeas an asset Frame the discussion Provide wins for all Be BOLD … gain momentum

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