Xcel Energy Inc. · NASDAQ:XEL

Xcel Energy — Corporate Update (June 2021)

52 slides from Xcel Energy's corporate update, Jun 23, 2021

  1. Slide 1: 2021-2023 Transportation Electrification Plan Quarterly Stakeholder Meeting

    Public Service Company of Colorado (PSCo) 2021-2023 Transportation Electrification Plan (TEP) Quarterly Stakeholder Meeting June 23, 2021

  2. Slide 2: Agenda

    AGENDA Welcome 1. TEP Stakeholder Group Overview/TEP Regulatory Calendar 2. EV Charging Rates -5 minute Break 3.Review of Final Commission-Approved TEP 4. TEP Program Development, Updates, and Timelines -5 minute Break 5. 60/90 Day Notices 6. Wrap Up © 2021 Xcel Energy 2

  3. Slide 3: 1. TEP Stakeholder Group

    1. TEP STAKEHOLDER GROUP Schedule, Process, Goals, Reporting Schedule © 2021 Xcel Energy 3

  4. Slide 4: 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. •

  5. Slide 5: 2. EV Charging Rates

    2. EV CHARGING RATES Commercial S-EV Rate, New Commercial Charging Rate, DC Fast Charging (DCFC) Station Rate © 2021 Xcel Energy 5

  6. Slide 6: Current Commercial Charging Rate Options

    Current Commercial Charging Rate Options Small Commercial (Schedule C) Standard Commercial Rate (Schedule SG) • 25kW Maximum Load • Based on Demand Charges • Simple kWh charges • Could be good option for fleets with • Proposed TOU Structure in high load factors 2020 Rate Case Low Load Factor (SGL) S

  7. Slide 7: Schedule S-EV Rates Using 2020-2021 Data

    Schedule S-EV Rates Using 2020-2021 Data S-EV bills were approximately 30% lower The largest bills savings were than they would have been under SG. realized by customers with the lowest load factors. © 2021 Xcel Energy 7

  8. Slide 8: Additional EV Charging Rate Options - Background

    Additional EV Charging Rate Options - Background 2019 S-EV Settlement The Settling Parties agree that on or before August 1, 2021, the Company will make a Future Advice Letter filing with the Commission with two optional rate schedules. The objective of filing two rate schedules is to support both p

  9. Slide 9: Colorado Statute - Non-Discriminatory Rates

    Colorado Statute - Non-Discriminatory Rates C.R.S. § 40-3-106(1)(a): Except when operating under paragraph (c) or (d) of this subsection (1), a public utility, as to rates, charges, service, or facilities, or in any other respect, shall not make or grant any preference or advantage to a corporation

  10. Slide 10: 2nd Commercial EV Charging Rate

    2nd Commercial EV Charging Rate Rate Design Elements Revenue Requirements • No Critical Peak Pricing • Informed by S-EV Load Shapes & Other EV • Elimination of Most Demand Charging Load Data Charges • TOU Energy Charges • Average Peak Demand 260 kW • Demand Limiter? • Average Load During • Seasonali

  11. Slide 11: Xcel Energy DCFC Station Rates

    Xcel Energy DCFC Station Rates • PUC Decision: “…we must make reasonable judgements to balance between pricing competitiveness with the private market and charging fair rates for DCFC stations that were funded by ratepayers.” (para. 162) • Design elements: kwh rate, time of use energy charge, dwell

  12. Slide 12: 3. Review of the Approved TEP

    3. REVIEW OF THE APPROVED TEP Portfolios and Budgets, Program Changes © 2021 Xcel Energy 12

  13. Slide 13: EV Advisors

    EV Advisors Sarah Coon Jeremy Tyler Pederson Justin Durocher Michael Tuley TBD Hutchinson Residential Multi-Family Commercial Advisory Research, Purchase/ Housing Services Innovation, Lease Partnership Rebates Supply Home Wiring Supply Infrastructure Residential Distribution New and Used Rebate Infr

  14. Slide 14: Final TEP Changes

    Final TEP Changes A few notable items in the Final TEP, as approved by the PUC: • EV Purchase/Lease Rebates o $5M budget, approved for income-qualified customers only • Managed charging requirement o EV Optimization for 1 year for residential and MFH Assigned Parking participants, opt- out available

  15. Slide 15: Budgets for TEP Portfolios

    Budgets for TEP Portfolios Portfolio 2021 Total (2021-23) Residential $4,134,000 $18,198,000 Multifamily Housing $1,711,000 $8,269,000 Commercial $10,076,000 $50,110,000 Partnerships, Research, and Innovation $2,000,000 $10,000,000 Advisory Services $3,766,000 $13,103,000 EV Purchase & Lease Rebates

  16. Slide 16: 4. TEP Program Development, Updates, and Timelines

    4. TEP PROGRAM DEVELOPMENT, UPDATES, AND TIMELINES Equity Programs, Residential Portfolio, MFH Portfolio, Commercial Portfolio, Advisory Services, Partnerships/Research/Innovation & Performance Incentives © 2021 Xcel Energy 16

  17. Slide 17: Equity-Focused TEP Programs

    PLANNED: Equity-Focused TEP Programs Income-Qualified Rebate Program Implementation Residential Equity Rebate Programs Xcel Energy GRID EV Purchase/Lease Rebate • Planned implementation Admin (including income validation) X approach: Outreach and Marketing X X Rebate Fulfillment X o Partnering with

  18. Slide 18: Residential TEP Programs

    Residential TEP Programs • Home Wiring/Charging Station Rebate o $500, $1,300 for income-qualified customers o Pre-qualified charging stations: networked, certified by national testing laboratory, 50 amps or less • EV Accelerate At Home (i.e., Home Charging Service) Implementation o Sent out an RFI

  19. Slide 19: Residential Optimization Programs

    Residential Optimization Programs • Dynamic Optimization Program (Charging Perks) o Launched June 16 with WeaveGrid to support Tesla customers • Major upcoming milestones o Continuing work with non-Tesla automakers on contracting • Static Optimization Program o RFP in progress for data services © 20

  20. Slide 20: Multi-Family Housing (MFH) TEP Programs

    Multi-Family Housing (MFH) TEP Programs EV Supply Infrastructure • Shared Parking and Assigned Parking Programs MULTI- o Selected EVSI Contractors for Design (EN Engineering), FAMILY Construction (Sturgeon), and Materials (Border States) HOUSING o Optional Level 2 charging stations: RFP results unde

  21. Slide 21: Commercial TEP Programs

    Commercial TEP Programs Optional Xcel Energy Income Qualified Program EVSI* EV Advisor Provided Charging EVSE Rebate Equipment Fleet and Workplace X X X X Community Charging X X X Hubs Public Charging (Level 2, X X DCFC) Primary General EV Pilot X X X *EVSI = Electric Vehicle Supply Infrastructure ©

  22. Slide 22: Commercial TEP Programs Updates

    Commercial TEP Programs Updates • EVSI Programs (Fleet, Workplace, Community, Public) o EVSI Contracting  EN Engineering for EV Supply Infrastructure (EVSI) Design  Border States to help with material procurement  Sturgeon Electric for EVSI Construction • Income-Qualified Rebate Program o Working

  23. Slide 23: Commercial & MFH Customer Experience

    Commercial & MFH Customer Experience • Business EV Solutions Landing Portfolio Page Intake Form Page • Individual Portfolio Pages o Fleet o Multifamily Buildings o Public Fast Charging o Workplace Charging o Community Charging Hubs • Intake Form on Landing Page and Individual Portfolio Pages © 2021

  24. Slide 24: Advisory Services - Multi-Family Housing

    Advisory Services - Multi-Family Housing • Preliminary meetings with interested customers continue: o Customers have reached out via general EV Inbox • EV Advisors will be available to work with MFH customers after intake: o Intake Launch 6/25 © 2021 Xcel Energy 24

  25. Slide 25: Advisory Services – Fleet Electrification

    Advisory Services – Fleet Electrification • Launched early 2020 o Engagement has begun with ~6 fleets o Goal is 10 fleet assessments by end of 2021 • New features include: o Ability to assess all classes of vehicles (LD/MD/HD) including eBus o EVSE sizing and peak demand forecasting © 2021 Xcel Ener

  26. Slide 26: Advisory Services - Communities

    Advisory Services - Communities • Continued EV planning at the community level: o Next applications due July 15th • Launching Regional EV Collaboration Cohort: o Boulder County launch 2nd quarter • Developing High Emission Community offering: o Launch late 3rd/early 4th quarter © 2021 Xcel Energy 26

  27. Slide 27: Advisory Services - Residential

    Advisory Services - Residential • Ongoing Education & Awareness Campaigns in market o Digital banner + video, paid search, email, social media • New tools added to website o Pre-owned EV catalog and comparison feature • Expanding our new EV Dealer network (see next slide) o Simplifying our shared cu

  28. Slide 28: Advisory Services - Dealer Network

    Advisory Services - Dealer Network • Developing a tiered network of EV dealers across service area​ o Gold Status: limited participation, premium services & marketing support o Silver Status: broader participation, baseline services & marketing support​ o All dealerships in our network selling new a

  29. Slide 29: Partnerships, Research & Innovation (PRI) Portfolio

    Partnerships, Research & Innovation (PRI) Portfolio Developing the PRI portfolio for Sept. Stakeholder Mtg. 1 2 3 4 5 Finding Exploring Developing PRI Partners Equity Identifying & “Where/Who” Considerations Project to Defining PRI we can apply PRI Evaluation Expand Funding project work to drive Ide

  30. Slide 30: Performance Incentive Mechanism (PIM)

    Performance Incentive Mechanism (PIM) • PUC Order on ARRR (C21-0117): o The Commission…encourages Public Service and parties to use the stakeholder process to engage on innovative PIMs that have clear and defined metrics, and that result in an outcome where there is clearly a lack of incentives on b

  31. Slide 31: Equity PIM Ideas from Testimony

    Equity PIM Ideas from Testimony Equity PIM Ideas / Goals Xcel Energy Metric tied to cumulative ports installed through participation in equity-focused TEP programs PUC Staff Metric tied to increasing participation in equity-focused TEP programs SWEEP Metric tied to meeting or exceeding minimum level

  32. Slide 32: 5. 60/90 Day Notices

    5. 60/90 DAY NOTICES Process, Schedule, Upcoming Notices © 2021 Xcel Energy 32

  33. Slide 33: 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 • Higher Emissions Communities (issued May 2021) • ​School Buses​ • Small Commercial Program​​ Summaries filed • The C

  34. Slide 34: 60/90 Day Notices: Higher Emissions Communities

    60/90 Day Notices: Higher Emissions Communities Process Overview May 2 – Notice was issued June 2 – Comments were due • Received comments from several stakeholders: • Colorado Energy Office • SWEEP, WRA, NRDC • Lauren McDonell, Project Manager for CDPHE Climate Equity Framework and Data Viewer July

  35. Slide 35: 60/90 Day Notices: Higher Emissions Communities

    60/90 Day Notices: Higher Emissions Communities Overview of Feedback Category Suggestion HEC Designation, Eligibility, • Permit entities with stake in communities, such as gov. agencies and and Application Process non-profit CBOs, to respond to the questions to allow communities to be considered for

  36. Slide 36: 60/90 Day Notices: School Buses

    60/90 Day Notices: School Buses • Provide funds directly to school districts to be Funds Available $2,200,000 used for fleet electrification Rebate per Bus $275,000 o No requirement to destroy a diesel bus Buses Funded 8 • Funds to cover bus, charging equipment and infrastructure costs o 75% of Tota

  37. Slide 37: 60/90 Day Notices: Small Commercial Program

    60/90 Day Notices: Small Commercial Program • Partial Settlement/Stipulation: “…parties agree that the Company will develop a Small Commercial program offering, proposed through the 60/90-Day Notice Process.” • PUC Order C21-0017: “we direct the Company to include access for smaller MFH buildings as

  38. Slide 38: 60/90 Day Notices: Small Commercial Program

    60/90 Day Notices: Small Commercial Program Preliminary program design to focus on small businesses, potentially including small MFH sites Number of Market-Rate Rebate Income-Qualified Rebate Ports 1 Up to $2,500 of EVSI costs (no charger 50% EVSI average + L2 station support) ($2,500 for EVSI and $

  39. Slide 39: 6. Wrap Up

    6. WRAP UP Next meeting in September © 2021 Xcel Energy 39

  40. Slide 40: Commercial: Xcel Energy DCFC Program

    Commercial: Xcel Energy DCFC Program • PUC has directed Xcel Energy to work with stakeholders through the remainder of the year to determine siting criteria. • Guidehouse has conducted initial modeling: o Two meetings to be scheduled this summer to refine this approach (additional meetings TBD) • Wi

  41. Slide 41: Topics for Discussion for Q3 Stakeholder Meeting

    Topics for Discussion for Q3 Stakeholder Meeting (Sept.) • TEP program updates • Xcel Energy DCFC stations • Partnership/Research/Innovation project details • Third-party evaluation © 2021 Xcel Energy 41

  42. Slide 42: Contact Information

    Contact Information Jack Ihle Steve Wishart Xcel Energy Xcel Energy Director, Regulatory and Strategic Analysis Director, Pricing and Planning Jack.Ihle@xcelenergy.com Steven.W.Wishart@xcelenergy.com Jason Peuquet Xcel Energy Principal Consultant, Electric Transportation Jason.J.Peuquet@xcelenergy.c

  43. Slide 43: Appendix

    Appendix © 2021 Xcel Energy 43

  44. Slide 44: Budgets, including capital, rebates, and O&M expense, for TEP portfolios

    © 2021 Xcel Energy Budgets, including capital, rebates, and O&M expense, for TEP portfolios Portfolio Spending Type 2021 Total Capital $1,808,000 $8,256,000 Rebates $1,865,000 $7,940,000 Residential O&M Expenses $461,000 $2,003,000 Total $4,134,000 $18,198,000 Capital $1,348,000 $6,450,000 Rebates $

  45. Slide 45: Dealership Network Marketing

    Dealership Network Marketing © 2021 Xcel Energy 45

  46. Slide 46: Dealership Network Marketing

    Dealership Network Marketing © 2021 Xcel Energy 46

  47. Slide 47: Dealership Network Marketing

    Dealership Network Marketing © 2021 Xcel Energy 47

  48. Slide 48: Dealership Network Marketing

    Dealership Network Marketing © 2021 Xcel Energy 48

  49. Slide 49: EV Education/Awareness Ads

    EV Education/Awareness Ads Xcel Energy – EV Multiply :15 - YouTube © 2021 Xcel Energy 49

  50. Slide 50: EV Education/Awareness Ads

    EV Education/Awareness Ads Xcel Energy – EV Question :15 - YouTube © 2021 Xcel Energy 50

  51. Slide 51: Quick Break

    Quick Break Returning at 1:03 MT © 2021 Xcel Energy 51

  52. Slide 52: © 2021 Xcel Energy

    © 2021 Xcel Energy 52

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