Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Corporate Update (December 2022)
44 slides from Xcel Energy's corporate update, Dec 16, 2022
Slide 1: 2021-2023 and 2024-2026 Transportation Electrification Plan Stakeholder Workshop
PUBLIC SERVICE COMPANY OF COLORADO 2021-2023 AND 2024-2026 TRANSPORTATION ELECTRIFICATION PLAN (TEP) STAKEHOLDER WORKSHOP December 16, 2022 © 2022 Xcel Energy 1 II - Internal Information
Slide 2: Registration Survey for Breakout Discussion Topics
Registration Survey for Breakout Discussion Topics Strong interest in: • Equity, public charging, medium/heavy electrification, and managed charging (breakout sessions for later today). • Other commercial (MFH, fleet, workplace) and residential topics can be covered in other group discussions today.
Slide 3: Participation
PARTICIPATION Those attending in person: • Please hold questions until the end of presentations. We have reserved time for Q&A. • We’ve reserved time for deeper conversation later in the agenda during breakout and group discussions. Xcel Energy and Guidehouse are also available for any follow-up dis
Slide 4: Agenda
AGENDA • 9:00 am Welcome and Introductions • 9:05 am Xcel Energy Clean Transportation Vision and Background • 9:20 am CO TEP 2021-2023 Updates and broad program enhancement ideas for CO TEP 2024-2026 • 10:30 am Break • 10:45 am CO TEP 2024-2026 Breakout Sessions #1 (Managed Charging, Equity) • 11:20
Slide 5: Xcel Energy Clean Transportation Vision and TEP Background
XCEL ENERGY CLEAN TRANSPORTATION VISION AND TEP BACKGROUND © 2022 Xcel Energy II - Internal Information
Slide 6: Net-Zero Energy Provider by 2050
Net-Zero Energy Provider by 2050 Goals that cover all the ways our customers use energy New (2022) 6 II - Internal Information
Slide 7: Clean Transportation Vision
Clean Transportation Vision Our Vision is to enable one out of five vehicles in the areas we serve to be electric by 2030 and all vehicles to run on carbon-free electricity or other clean energy by 2050 ZERO CARBON EASY CHARGING ACCESS XCEL ENERGY ENERGY All customers can FLEET Underserved Provide t
Slide 8: Achieving the Vision – 2030 Benefits
Achieving the Vision – 2030 Benefits Enabling one out of five vehicles in the areas we serve to be electric by 2030 delivers significant benefits $1 BILLION $1 OR LESS 5 MILLION TONS ACCESS In customer fuel PER GALLON OF CARBON Holistic programs and (EQUIVALENT) savings annually EMISSIONS infrastruc
Slide 9: Overview of Current CO TEP Programs
Overview of Current CO TEP Programs 2021-2023 TEP Portfolios, Budgets + Launch Schedule Residential Multi-Family Commercial Advisory Partnerships, Purchase/ Housing Services Research, & Lease Rebates Innovation (PRI) • Home Wiring • EVSI • EVSI • Residential • Car Sharing • New and Used EVs Rebate •
Slide 10: Xcel Energy Transportation Electrification Plan: Updates
Xcel Energy Transportation Electrification Plan: Updates TEP Semi-Annual Report – Filing October 3, 2022. • Updates on program participation, program/portfolio spending, EV adoption, other metrics (where available) as outlined in the Final TEP • Top level program summary: Distribution Impacts • Supp
Slide 11: 2021-2023 TEP Program Updates, 2024-2026 Enhancement Ideas
2021-2023 TEP PROGRAM UPDATES, 2024-2026 TEP PROGRAM ENHANCEMENT IDEAS Equity Programs, Residential Portfolio, MFH Portfolio, Commercial Portfolio, Advisory Services, Partnerships/Research/Innovation (PRI) © 2022 Xcel Energy II - Internal Information
Slide 12: Residential Home Charging Programs
Residential Home Charging Programs EV Accelerate At Home (EVAAH) • Program Launched in Colorado on August 5, 2021 o Provides hassle-free installation and maintenance of utility-owned level 2 charger for $13.29 monthly fee o EV static optimization required for 1 year (opt-out for income-qualified cus
Slide 13: 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 three off-peak charging schedules. o Current participation via eligible Level 2 chargers (Enel X & Char
Slide 14: 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 of 2021; over 275 applications received to date • As of 12/1/2022, 101 rebates issued (75 new, 26
Slide 15: Residential Program Enhancements/Modifications
Residential Program Enhancements/Modifications Customer problems: • High upfront costs for new/used EVs • Increased infrastructure costs Evaluation updates: • Residential TEP Participant Survey (in development) − Comprehensive survey of residential TEP participants Potential enhancement ideas: • Reb
Slide 16: Multi-Family Housing (MFH) Programs
Multi-Family Housing (MFH) Programs EV Supply Infrastructure (EVSI) as of 12/1/2022 • Multifamily Housing – Shared Parking EVSI has received 31 applications for customer sites that support 146 ports. • Multifamily Housing – Assigned Parking EVSI has received 30 applications for customer sites that s
Slide 17: MFH Program Enhancements/Modifications
MFH Program Enhancements/Modifications Customer problems: • Lack of awareness • Incentives are too low • Need advisory support for planning and future proofing • Challenges when space for EVSI equipment is at a premium Evaluation update: • MFH Post-Install Survey (in development) Potential enhanceme
Slide 18: Commercial TEP Programs
Commercial TEP Programs As of 12/1/2022: Fleet EVSI • Received 35 applications for customer sites that support 211 ports Workplace EVSI • Received 59 applications for customer sites that support 395 ports Primary General EV Pilot • Received 5 applications for customer sites that support 16 ports Com
Slide 19: Commercial Program Enhancements/Modifications
Commercial Program Enhancements/Modifications Customer problems: • Lack of awareness • Increased infrastructure costs Evaluation updates: • Commercial Post-Install Survey (in development) • Commercial Non-Participant Interviews (completed) Potential enhancement ideas: • Rebate levels? • New Construc
Slide 20: Colorado Xcel Energy Owned DCFC
Colorado Xcel Energy Owned DCFC • 21 applications received – 6 selected • Evaluated each site based on distance from existing DCFC, access to amenities, estimated costs, etc. • Design complete on 2 sites, in process on 3 sites, pending 1 site. • Severance construction started Dec. 1, striving to com
Slide 21: School Buses
School Buses Funds Fund up to 8 School Bus Rebate Program Available buses ($2.2 M) • Launched in October 2021 Rebate per $275,000 Max • Held 4 webinars across the territory Bus or 75% of • Continuous account management Project Buses Funded 0 outreach YTD • Intakes are occurring • 3 customers have su
Slide 22: 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 up to charge their EVs at home • The network has grown! o 30 Dealers in Colorado, 64 dealers across Xcel Ene
Slide 23: Advisory Services – Fleet Electrification
Advisory Services – Fleet Electrification Fleet Electrification Advisory Program • Update on Fleet Assessments: • 18 applicants currently participating • 8 have completed a full assessment • Expected another 4-6 to complete by year-end • Covers all fleet market segments • Nearly 2,050 vehicles analy
Slide 24: Advisory Services – Communities
Advisory Services – Communities Community EV Planning Xcel Energy’s Partners in Energy program activity to date: ▪ 11 communities are currently developing EV plans o 2 are regional county-wide plans ▪ 5 communities are in the implementation stage of the program. This includes: o Marketing support o
Slide 25: Advisory Services Enhancements
Advisory Services Enhancements Customer problems: • Finding ways to support our customers in the early stages of their EV journey. • Providing information on EVs, charging and rates. Evaluation updates: • Dealership Staff Interviews (in progress) • Post Advisory Survey (in development) Potential enh
Slide 26: Partnerships, Research, & Innovation (PRI) Portfolio Update
Partnerships, Research, & Innovation (PRI) 1 of 2 Portfolio Update Contingently Car Sharing Next Steps Goal & Applicants Awarded* EV 1. CCS is actively Goal: 21 Sites Equitable procuring EVs with • 17 site applications 8 Communities Car Sharing XE support • 8 communities Deploying up to 25 EVs 2. Si
Slide 27: Partnerships, Research, & Innovation (PRI) Portfolio Update
Partnerships, Research, & Innovation (PRI) 2 of 2 Portfolio Update Status Residential 1. Scope of work defined, and NREL contract signed Resiliency 2. XE & NREL project teams formulated 3. Phases (1) Charging profile eval. & (2) Charging requirements underway Residential Resiliency Vehicle to X 1. F
Slide 28: 60 Day Notices
60 Day Notices The Company completed the 60 Day Notice process for the following notices and will be moving forward with implementation: • PRI Refuse Pilot – Program Adjustments • Globeville Higher Emissions Community Designation In progress: • MFH EV Charger Rebates – Program Adjustments © 2022 Xce
Slide 29: Evaluation Roadmap
Evaluation Roadmap • Commercial Non-Participant Interviews (completed) • Dealership Staff Interviews (in progress) • Residential Participant Surveys (in development) • IQ Residential Participant Interviews (in development) • Peak Demand Analysis (in development) • Multifamily Site Host Survey (Plann
Slide 30: Stakeholder Feedback to Date: Key Themes
Stakeholder Feedback to Date: Key Themes • Offer comprehensive equity offerings with community outreach to increase participation • Streamline project development process and interconnection timelines • Focus on M/HD vehicles, fleets and charging • Support for growth in public charging access • Buil
Slide 31: Break
BREAK Returning at 10:45am MT © 2022 Xcel Energy II - Internal Information
Slide 32: Breakout Sessions – CO TEP 2024-2026
3. BREAKOUT SESSIONS CO TEP 2024-2026 © 2022 Xcel Energy II - Internal Information
Slide 33: Equity
Equity How can we address lack of awareness, access and high upfront costs for affordable electric vehicles and convenient charging? How can we best reach disproportionately-impacted communities through our TEP offerings? © 2022 Xcel Energy 33 II - Internal Information
Slide 34: Equity: Which definitions best identify these communities?
Equity Which definitions best identify these communities? Name Definition and Criteria CO Disproportionately Impacted • Greater than 40% of population are low-income; or Community (DIC) Census Block • Greater than 40% of population identify as people of color; or Groups (HB 21-1266) • Greater than 4
Slide 35: Equity: Which definitions best identify these communities?
Equity Which definitions best identify these communities? Name Definition and Criteria ChargeAhead Colorado Program • SB21-260 Disproportionately Impacted Community (DIC) Definition DI Enhanced Incentive Eligibility • National Electric Vehicle Infrastructure (NEVI) DAC Definition • Enviroscreen DIC
Slide 36: Residential/Commercial Managed Charging
Residential/Commercial Managed Charging How can we expand our managed charging programs as EV adoption picks up? What should our managed charging program goals be? (lower EV charging costs, grid operation benefits, reduced CO2 emissions and renewable curtailment, etc.) How can we encourage managed c
Slide 37: Lunch Break
LUNCH BREAK Returning at 12:15pm MT © 2022 Xcel Energy II - Internal Information
Slide 38: Public Charging Forecasting
Public Service Company’s Colorado Transportation Electrification Plan Public Charging Forecasting December 16, 2022
Slide 39: Key Takeaways
Key Takeaways Background Vehicle Adoption Charging Needs • Colorado state target for EV • VAST forecast indicates achieving this • To support 940k light-duty EVs in 2030, adoption: 940,000 light-duty vehicle target in Colorado requires VAST projected EV charging infrastructure vehicles by 2030 marke
Slide 40: Public Charging and MD/HD Electrification
Public Charging and MD/HD Electrification What does a public charging network that works for everyone look like? In an ideal world, what would you like to see Xcel doing to rapidly scale up public charging? What do MD/HD vehicle owners need to make electrification possible? © 2022 Xcel Energy 40 II
Slide 41: Partnerships, Research, and Innovation (PRI)
Partnerships, Research, and Innovation (PRI) How can we develop pilots and demonstration projects that help deploy new technologies and transportation electrification approaches in Colorado? How can we pilot new approaches that equitably distribute the benefits of transportation electrification to a
Slide 42: Wrap Up
4. WRAP UP • Other clean transportation topics • Next Quarterly Meeting March 2023 © 2022 Xcel Energy II - Internal Information
Slide 43: Additional Contact Information
Additional Contact Information Jack Ihle Nadia El Mallakh Xcel Energy Xcel Energy Regional Vice President, Regulatory Policy Vice President, Clean Transportation and Strategic Jack.Ihle@xcelenergy.com Partnerships Nadia.I.El.Mallakh@xcelenergy.com Jason Peuquet Xcel Energy Deb Erwin Strategy and Pol
Slide 44: © 2022 Xcel Energy II - Internal Information
© 2022 Xcel Energy 44 II - Internal Information