Nrg Energy, Inc. · NYSE:NRG
Nrg Energy — Corporate Update (July 2020)
14 slides from Nrg Energy's corporate update, Jul 16, 2020
Slide 1: Astoria Replacement Project Public Information Meeting
Astoria Replacement Project Public Information Meeting July 16, 2020 © [year] NRG Energy, Inc. All rights reserved. / Proprietary and Confidential Information 0
Slide 2: Purpose of the Meeting
Purpose of the Meeting • Inform the public about proposed modifications to the previously approved Astoria Replacement Project • Provide the status of applications to modify the Facility’s existing permits • Identify opportunities for public participation in the process including NYSDEC’s supplement
Slide 3: Public Meeting Agenda
Public Meeting Agenda • Introductions • Public Meeting Webcast Process • Astoria Replacement Project Overview • Status of Environmental Review and Opportunities for Public Participation • Project Benefits • Questions and Comments This presentation is available at www.cleanerpowerforastoria.com © [ye
Slide 4: Public Meeting Teleconference Process
Public Meeting Teleconference Process • Need for Virtual Public Meeting • Live Presentation followed by interactive questions and comments: • For those on the phone, press *1 on your phone and the moderator will add you to the queue • For those on the webcast, click the “Ask a Question” tab at the t
Slide 5: Meet the Speakers
Meet the Speakers Kandi S. Terry – NRG, Director of Government Affairs Leads government affairs for NRG’s retail and generation businesses in New York and New England. Mrs. Terry earned a Masters of Science degree from Rensselaer Polytechnic Institute and has almost 25-years of government experience
Slide 6: NRG Astoria Facility Today
NRG Astoria Facility Today ▪ The Astoria Con Ed Complex has hosted major energy infrastructure for over 100 years ▪ NRG purchased the 15 acre Astoria Gas Turbines site from Con Edison in 1999 ▪ The site currently consists of: ▪ 500 MW of 1970 vintage Pratt & Whitney FT4 units and ▪ 144 MW of retired
Slide 7: Replacement Project (2010)
Replacement Project (2010) ▪ As approved in 2010, the Project consisted of replacing the existing generation at the site with four combined cycle units capable of generating 1,040 MW ▪ Due to market conditions, the Project was not constructed at that time © [year] NRG Energy, Inc. All rights reserve
Slide 8: Modified Replacement Project (2020)
Modified Replacement Project (2020) ▪ As proposed in 2020, the Project consists of replacing the existing generation at the site with a single peaking unit capable of generating 437 MW featuring: ▪ State of the art technology offering the greatest efficiency available in its class ▪ Dual fuel, fast
Slide 9: Project Comparison (2010 vs 2020)
Project Comparison (2010 vs 2020) Original Permitted Project Proposed Modified Project Project Size 1,040 MW 437 MW Technology Combined Cycle (Intermediate Duty) Simple Cycle (Peaking Duty) Incorporates Battery Energy Storage? No Yes Capable of System Restoration? No Yes The Proposed Project Modific
Slide 10: Status of Current Permitting Process
Status of Current Permitting Process ▪ New York State Siting Board Decision – June 12, 2019 ▪ NYSDEC Permit Modification Package submitted – April 27, 2020 • Title V – Air Permit • SPDES – Water Discharge Permit • SEPPP – Public Participation Plan • SEQRA – Environmental Impact Statement ▪ Comment p
Slide 11: Replacement Project Supports New York's Climate Agenda
Replacement Project Supports New York's Climate Agenda ▪ Maximizes Greenhouse Gas Reductions at the Minimum Cost • Project incorporates the most advanced and efficient equipment available in the marketplace • Project will result in nearly 5M tons1 of cumulative GHG reductions through 2035 • Equivale
Slide 12: Additional State & Local Benefits
Additional State & Local Benefits ▪ Economic Benefit • Over 500 jobs and $156 million in economic benefits to the State of New York during the construction period • Over 70 jobs and $170 million in economic benefits to the State of New York from operations and maintenance spending through 2040 • Nea
Slide 13: Opportunities for Further Public Participation
Opportunities for Further Public Participation Supplemental Environmental Impact Statement Scoping Process • All comments must be submitted to the NYSDEC by July 31, 2020 via the following email address: comment.nrgastoriagas@dec.ny.gov • NYSDEC Contact for the Project: Christopher M. Hogan NYSDEC -
Slide 14: End of Presentation
End of Presentation Participants may ask questions or provide comments by: • Phone: Press *1 to get added to the queue • Webcast: Click the “Ask a Question” tab at the top right of your computer screen. Enter your question in the box and then hit submit. • Email: astoria.project@nrg.com © [year] NRG