Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Q1 2022 Earnings Presentation
30 slides from Xcel Energy's earnings presentation, Mar 25, 2022
Slide 1: 2021-2023 Transportation Electrification Plan Quarterly Stakeholder Meeting
PUBLIC SERVICE COMPANY OF COLORADO 2021-2023 TRANSPORTATION ELECTRIFICATION PLAN (TEP) QUARTERLY STAKEHOLDER MEETING March 25, 2022 © 2022 Xcel Energy 1 II - Internal Information
Slide 2: Agenda
AGENDA 1. TEP Program Development, Updates, & Timelines 2. Discussion Topics • Charging Equipment Vendor Selection • S-EV, DCFC Rate, and PIM Filing • DCFC Siting 3. 60 Day Notices 4. Wrap Up © 2022 Xcel Energy II - Internal Information
Slide 3: Goals of TEP Stakeholder Group and Quarterly Meetings
Goals of TEP Stakeholder Group and Quarterly Meetings Quarterly schedule – Q1(Mar.), Q2 (June), Q3 (Sept.), Q4 (Dec.) Process Goals Xcel Energy will provide a brief PowerPoint Quarterly meetings are intended to: overview of TEP implementation covering: • Foster discussion about programs in-market. •
Slide 4: 1. TEP Program Development, Updates, & Timelines
1. TEP PROGRAM DEVELOPMENT, UPDATES, & TIMELINES Equity Programs, Residential Portfolio, MFH Portfolio, Commercial Portfolio, Advisory Services, Partnerships/Research/Innovation (PRI) © 2022 Xcel Energy II - Internal Information
Slide 5: Residential Home Charging Programs
Residential Home Charging Programs EV Accelerate At Home (EVAAH) • RFP to select partner electricians is complete • Program Launched in Colorado on August 5th o Provides hassle-free installation and maintenance of utility-owned level 2 charger for $13.29 monthly fee o EV static optimization required
Slide 6: Residential Optimization
Residential Optimization Optimize Your Charge Program (Static Optimization) • Program live in CO Aug 2021 o Customers get $50 annual bill credit for charging at least 25% of the time during one of Xcel Energy's three off-peak charging schedules. o Current participation via eligible Level 2 chargers
Slide 7: EV Purchase/Lease Rebate for Income Qualified Customers
EV Purchase/Lease Rebate for Income Qualified Customers • Income-qualified customers get $3,000 off a pre-owned EV and $5,500 off a new EV; maximum MSRP or sale price is $50,000 • Program live in August, over 75 applications have been received to date • As of 3/1/2022, 39 rebated EVs (30 New/9 Used)
Slide 8: EV Dealer Network (Advisory Services)
EV Dealer Network (Advisory Services) • Our voluntary network of local dealer partners was launched in March 2021 • We offer in-showroom tools and resources to help customers save and get set to charge at home • Network has organically grown across Xcel Energy's footprint to include 53 dealers, with
Slide 9: Multi-Family Housing (MFH) Programs
Multi-Family Housing (MFH) Programs EV Supply Infrastructure (EVSI) as of 3/1/2022 • Multifamily Housing – Shared Parking EVSI has received 23 applications for customer sites that supports 114 ports. • Multifamily Housing – Assigned Parking EVSI has received 20 applications for customer sites that s
Slide 10: Commercial TEP Programs
Commercial TEP Programs As of 3/1/2022: Fleet EVSI • Received 16 applications for customer sites that supports 120 ports Workplace EVSI • Received 32 applications for customer sites that supports 146 ports Primary General EV Pilot • Received 2 applications for customer sites that supports 34 ports A
Slide 11: School Buses
School Buses Funds (Fund up to 7 School Bus Rebate Program Available buses) • Launched in October 2021 Rebate per Bus $275,000 • Held 4 webinars across the territory (Max.) • Continuous account management outreach • Presentation with USGBC CO Buses Funded 0 • Intakes are occurring YTD • 4 customers
Slide 12: Advisory Services – Fleet Electrification
Advisory Services – Fleet Electrification Fleet Electrification Advisory Program • Update on Fleet Assessments: • 11 applicants currently participating • 5 have completed a full assessment • Expected another 11-13 to complete by year-end • Covers all fleet market segments • 155 vehicles analyzed, Cl
Slide 13: Advisory Services – Communities
Advisory Services – Communities Standard Community EV Planning • Xcel Energy’s Partners in Energy program • Community EV plan development at no cost • Interest in EV planning remains strong − 3 community plans complete − 6 community plans under development − Boulder County Regional plan under develo
Slide 14: Higher Emissions Communities (HEC) New Designations
Higher Emissions Communities (HEC) New Designations Process and Partners in Energy Support • Customers or communities may propose a new community Application Links be considered an HEC, demonstrating that it meets HEC English Application attributes Spanish Application • Application coaching/support
Slide 15: 2. Discussion Topics
2. DISCUSSION TOPICS Charging Equipment Vendor Selection; S-EV, DCFC Rate, and PIM Filing; DCFC Siting © 2022 Xcel Energy II - Internal Information
Slide 16: Charging Equipment and Vendor Selection Process
Charging Equipment and Vendor Selection Process • Competitive solicitation (RFP) completed in 2021 to select Charging Equipment vendors • Evolving EV space presents need to quickly add Charging Equipment options − Meeting baseline technical & safety standards, interoperability, cyber-security, and s
Slide 17: S-EV / DCFC Rates / Equity PIM Proceeding
S-EV / DCFC Rates / Equity PIM Proceeding Party S-EV / S-EV-CPP Equity PIM DCFC Rates Advisory On-Peak Per-Port Rates Services “Connector” “Market” Period Incentives Incentives Low demand Public charge / $1.45m, no $0.15 - $0.35 / $0.35 - $0.45 / Service 2-10pm $50,000 reduced cost min threshold kWh
Slide 18: Public Service DCFC Program
Public Service DCFC Program Overview of process to date: • Conducted analysis with Guidehouse • Used 10-mile and 2-mile buffers for Connector and Market stations, respectively (to try to build in even more space from existing DCFC) • Resulted in a list of potential sites ranked by charging needs • C
Slide 19: Xcel Energy Owned DCFC Siting
Xcel Energy Owned DCFC Siting Siting Analysis provides a high-level overview of eligibility potential by location. Applicants will undergo detailed reviews once applications are received Siting Analysis Application Reviews Identifying eligible market and connector Confirm site eligibility (distance
Slide 20: 3. 60/90 Day Notices
3. 60/90 DAY NOTICES Process, Schedule, Upcoming Notices © 2022 Xcel Energy II - Internal Information
Slide 21: 60/90 Day Notices
60/90 Day Notices Process • Proposal: Notices will be filed in the month following each quarterly stakeholder meeting o i.e., January, April, July, October Pending/Upcoming notices • EV Load Disaggregation Demonstration Project Notice • Boulder County Fire Recovery Notice Summaries filed • The Comp
Slide 22: PRI Portfolio Update
PRI Portfolio Update • DCFC + Storage 60 Day Summary Report filed March 23, 2022. • EV Load Disaggregation 60 Day Notice to be issued April 2022. • Preparing to launch: • Electric Car Sharing for Underserved Communities Pilot • Residential Resiliency and Managed Charging Project • Municipal Refuse F
Slide 23: Electric Vehicle (EV) Load Disaggregation
Electric Vehicle (EV) Load Disaggregation (“EV Load Disag.”) Automatically identify EVs, and disaggregate their load to inform system & customer benefits Outcomes / Partners / Scope / Equity EV Load EV Load Disaggregation Generalized “other” loads Demonstrate automated EV Load detection, and disag.
Slide 24: Boulder County Fire Recovery
Boulder County Fire Recovery • Boulder County Fire Recovery 60 Day Notice to be filed in April 2022. • The Company joined the Boulder County Transportation Committee for Fire Recovery that consists of Boulder County, Colorado Energy Office, SWEEP, Town of Superior, and Xcel Energy. It is estimated t
Slide 25: 4. Wrap Up
4. WRAP UP Next Meeting June 2022 © 2022 Xcel Energy II - Internal Information
Slide 26: Colorado TEP Evaluation and Reporting
Colorado TEP Evaluation and Reporting The Company conducted a competitive sourcing event for a third-party vendor to execute CO TEP 2021-2023 Evaluation and Reporting. After reviewing the responsive proposals, based on qualifications and value, we selected a single team to complete both tasks. Opini
Slide 27: Additional Contact Information
Additional Contact Information Jack Ihle Deb Erwin Xcel Energy Xcel Energy Director, Regulatory and Strategic Analysis Director, Policy and Planning Jack.Ihle@xcelenergy.com Clean Transportation Deborah.E.Erwin@xcelenergy.com Jason Peuquet Xcel Energy Ryan Pocius Strategy and Policy Manager, Clean X
Slide 28: Appendix
APPENDIX © 2022 Xcel Energy 28 II - Internal Information
Slide 29: CO TEP Estimated Budget and Actual Spend
CO TEP Estimated Budget and Actual Spend 2021 2022 2023Total CO TEP Estimated Budgets $23,354,000 $37,429,000 $47,583,000 $108,366,000 April 1, 2022 Actual Spend - $6,996,203 - - © 2022 Xcel Energy 29 II - Internal Information
Slide 30: © 2022 Xcel Energy II - Internal Information
© 2022 Xcel Energy 30 II - Internal Information