Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Corporate Update (May 2010)
59 slides from Xcel Energy's corporate update, May 13, 2010
Slide 1: Xcel Energy Colorado DSM Roundtable Discussion
Xcel Energy Colorado DSM Roundtable Discussion May 13, 2010 1:00pm to 4:15pm TSB Basement Room 019
Slide 2: Welcome and Introductions
Welcome and Introductions Contact Info: Suzanne Doyle Manager, DSM Regulatory Strategy & Planning Office Phone: 612-330-5518 Cell Phone: 612-599-5785 E-mail: Suzanne.Doyle@xcelenergy.com
Slide 3: Agenda
Agenda 1:00 – 1:05 Welcome, Introductions (Doyle) 1:05 – 1:45 Regulatory Updates (Doyle/Sundin) 1:45 – 2:30 DSM Program Highlights (Narog/White) 2:30 – 2:45 Break 2:45 – 3:15 Product Development Update (Spargo) 3:15 – 3:45 Low-Income Energy Efficiency - Lessons & Successes (Jennifer Gremmert, EOC) 3
Slide 4: Regulatory Updates
Regulatory Updates Presented by: Suzanne Doyle Compliance Complianceinformation informationisisavailable available at atXcel XcelEnergy’s Energy’sDSM DSMWebsite: Website: http://www.xcelenergy.com/Colorado/Company/About_Energy_ http://www.xcelenergy.com/Colorado/Company/About_Energy_ and_Rates/Deman
Slide 5: 2010 60-Day Notices
2010 60-Day Notices February 8, 2010 AC Tune-Up Pilot Standard Offer May 3, 2010 Boiler Efficiency Cooling Efficiency Furnace Efficiency High Efficiency Air Conditioning Home Lighting & Recycling New Construction – Energy Design Assistance May 7, 2010 Lighting Efficiency 5
Slide 6: 2010 60-Day Notices
2010 60-Day Notices Summer 2010 Energy Star New Homes Modifications Energy Star Retailer Modifications Energy Feedback Pilot (currently under evaluation) 6
Slide 7: Recent Filings
Recent Filings April 5, 2010 – 2009 Annual Status Report May 7, 2010 – Motion to Alter or Amend Decision Nos. C08- 0560 and C08-0769 - Extend 2009/10 Plan and Minor Modifications to Electric Incentive Mechanism May 14, 2010 - Written Quarterly Update of programs status, energy, demand, and exp
Slide 8: Upcoming Filings
Upcoming Filings 2011 DSM Plan (Electric & Gas) – June 2010 – DSM Strategic Issues Application July 1, 2010 – 2011 DSM Plan 2010 DSM Annual Report (Electric & Gas) April 1, 2011 – Status Report, 2010 Incentive Request, M&V Report 2012/2013 DSM Plan (Electric & Gas) July 2011 – Biennial
Slide 9: Filing Details
Filing Details May 7, 2010 – Motion to Alter or Amend Decision Nos. C08-0560 and C08-0769 One year Plan (for 2011 instead of biennium) to be filed July 2010 Bifurcated Filing – separate strategic issues from 2011 Plan 2010 Incentive Modification (Cap on Spend) 9
Slide 10: 2011 DSM Plan – Avoided Gas Costs
2011 DSM Plan – Avoided Gas Costs 1) The definition and nomenclature of what we currently call a "program" will be changed to "product". 2) The definition and nomenclature of what we currently call a "segment" will be changed to "program". This will effect both electric and gas and thus there will b
Slide 11: Strategic Issues Application
Strategic Issues Application June 2010 Filing Commission Order and ARRR Order from 07A-420E directed (or encouraged) PSCo to address the following issues in the next Plan to be filed in 2010: Electric Financial Incentive Mechanism Updated DSM Market Assessment (by ERP filing in 2011) – Elect
Slide 12: DSM Program Highlights
DSM Program Highlights Presented By: Peter Narog Shawn White
Slide 13: Q1 2010 DSM Achievements
Q1 2010 DSM Achievements Electric YE Goals: 67 MW, 237 GWh, $63.6M Electric Achievements: 8.8 MW, 50.6 GWh, $7.9M Gas YE Goals: 402,808 Dth, $16.5M Gas Achievements: 62,273 Dth, $2.5M 13
Slide 14: Residential and Low-Income Program Highlights
Residential and Low-Income Program Highlights
Slide 15: Home Lighting
Home Lighting Mark-down promotion began 2/1/10, continuing into early summer. Retailers: Ace Hardware, Albertsons, Costco, Home Depot, Lowes, McGuckins, King Soopers, Sam’s Club, Walmart Some stores still continuing to sell through their allotment of CFLs. Costco and Home Depot have finished.
Slide 16: High Efficiency AC - Tune Up Pilot
High Efficiency AC - Tune Up Pilot Pilot in 2010, to be evaluated at end of cooling season Targets customers with existing AC units 5 years or older and have not been serviced Participating HVAC contractors will market to their customers Xcel Energy created marketing materials for contractor
Slide 17: Saver's Switch
Saver’s Switch Nearly 120,000 switches deployed in service 2010 goal: 19,500 switches for incremental peak load reduction of 22 MW Q1 Achievement: Finished quarter with 2,400 signups Limited activity during winter months 17
Slide 18: Business Energy Efficiency Program Highlights
Business Energy Efficiency Program Highlights
Slide 19: Business Program Highlights
Business Program Highlights Good Results in Recommissioning 2.03 Gen GWh; 39% of goal; 1,853 Dth; 89% of goal 49 studies in process, 65 more approved for implementation Boiler Efficiency 9,001 Dth, 28% of goal; pipeline of projects implementing Increased vendor/distributor education and
Slide 20: 60-day Filings
60-day Filings Boiler Efficiency New prescriptive rebates proposed for boiler replacement, commercial hot water heaters and pipe insulation Updated policy and technical assumptions Cooling Efficiency Net-to-gross factor adjusted per 2009 impact evaluation Furnace Efficiency program cor
Slide 21: 60-day Filings (cont.)
60-day Filings (cont.) Lighting Efficiency Prescriptive LED Lighting proposed Updated technical assumptions for grocery/big box retailers New Construction – Energy Design Assistance Net-to-gross factor adjusted per 2009 impact evaluation Suggestions for additional program improvements an
Slide 22: Break
(2) Xcel Energy’ Break
Slide 23: DSM Product Development Update
DSM Product Development Update Presented by: George Spargo DSM DSMWebsite Websiteprovides providesprogram programidea ideasubmission submissionforms formsat: at: http://www.xcelenergy.com/Colorado/Company/About_Energy_and_Ra http://www.xcelenergy.com/Colorado/Company/About_Energy_and_Ra tes/DemandSi
Slide 24: Product Development Team
Product Development Team George Spargo – Manager – 612-330-6036 Anne Kraft – Commercial Segment – 612-330-7582 Pat Goggin – Industrial Segment – 303-294-2370 Nathan Huso – Residential Segment – 612-330-2812 24
Slide 25: 60-Day Notice for New Products
60-Day Notice for New Products New Boiler Efficiency products (5/3/10) Replacement hot water boilers – higher rebates for replacing working boilers less than 25 years old; replacement must be a condensing unit Commercial hot water heaters – greater than 175,000 Btuh; includes condensing tankle
Slide 26: 60-Day Notice for New Products
60-Day Notice for New Products New Business LED lighting products (5/7/10) Interior pin-based or screw-in lamps Interior downlight fixtures Exterior store canopy or soffit lighting Refrigerated case lighting Launch – June 2010 26
Slide 27: 60-Day Notice for New Products
60-Day Notice for New Products Residential AC early replacement/retirement (5/3/10) Measure added to CO HEAC to replace SEER 12 and below All installations must have Quality Install. Develop Contractor communications/Marketing Materials Review and modify HEAC infrastructure as needed Lau
Slide 28: 60-Day Notice for Modified Products
60-Day Notice for Modified Products (Summer 2010) Energy Star New Homes Updating Technical Assumptions Addressing Cost/Benefit Issues Energy Star Retailer Updating Technical Assumptions New Energy Star 4.1 & 5.1 Televisions Focusing on Retailer incentives Energy Feedback Pilot – curr
Slide 29: New Products for 2011 Plan
New Products for 2011 Plan All 60 Day Notices to date Commercial Advanced Evaporative Coolers 29
Slide 30: Products still being evaluated for filings
Products still being evaluated for filings Residential Energy Feedback Pilot for 2011 and 60 Day Notice for 2010 Residential Heat Pump Water Heater for 2011 Residential Ground-Source Heat Pump for 2011 (for customers with electric space heating) 30
Slide 31: Products that won't be launched
Products that won’t be launched Low and High-Pressure Steam Boilers* Commercial Ground-source Heat Pumps* LED Parking Garage Lighting** LED Signage** *Product MTRC did not pass **More information needs to be gathered for proper analysis 31
Slide 32: Product Ideas from Roundtable
Product Ideas from Roundtable Whole house ventilation fans - Ryan Starr, Colorado Home Cooling 32
Slide 33: Whole House Ventilation Fans
Whole House Ventilation Fans Used in climates with large day and night time temperature swings to reduce air conditioner use. Multiple California utilities have prescriptive rebates ranging from $75 to $250 per unit. Fan runs when outside temp is below AC set point. Typical unit is 1,000 CFM
Slide 34: Whole House Ventilation Fans - Economics
Whole House Ventilation Fans- Economics 10 year life Installed costs: $750-$1,650 New suggested costs $1,100-$1,200 $0.10/kWh customer savings ($79/year) Customer simple payback = $750 / $79 => 9.5 yr MTRC using most optimistic numbers (highest savings and lowest costs) = 0.29 Next Ste
Slide 35: Low-Income Energy Efficiency Lessons & Successes
Low-Income Energy Efficiency Lessons & Successes Presented by: Jennifer Gremmert Energy Outreach Colorado
Slide 36: Low-Income Energy Efficiency Lessons and Successes
Xcel Energy DSM Roundtable Presentation Low‐Income Energy Efficiency Lessons and Successes Helping all Coloradans afford home energy. 36
Slide 37: Agenda
Agenda • Overview of Energy Outreach Colorado • Energy Efficiency Programs – Multi‐Family Energy Efficiency for Affordable Housing – Nonprofit Energy Efficiency Program (NEEP) • Process for achieving Xcel Energy DSM Goals • Success Stories • Challenges • Questions 37
Slide 38: Energy Outreach Colorado
Energy Outreach Colorado • Energy Bill Assistance Programs – Provide funding to LEAP (Nov – April) – Fund 130 Emergency Assistance Organizations statewide (year‐round funding) • Energy Efficiency Programs for Affordable Housing and Nonprofits serving low‐income families • Advocate for Affordable Ene
Slide 39: Affordable Multi-Family Efficiency
Affordable Multi‐Family Efficiency • Two options in Colorado – Centrally Heating Buildings ‐ EOC – Individually Heated Units – GEO Weatherization • EOC has the statewide contract for Multi‐ Family Weatherization from GEO • DOE defines MF as 5+ units with central heat • EOC uses subcontractor model •
Slide 40: Multi-Family Weatherization Process
Multi‐Family Weatherization Process • Competitive Application Process • Site Visit and eligibility audit • Committee Review • Energy Audit • Procurement Process • Installation • Final Inspection • Everything tracked in web‐based database 40
Slide 41: Xcel Energy DSM Process
Xcel Energy DSM Process • Application review to determine which projects fit guidelines • Conduct energy audit; engineer review, and collect bids – EOC currently using Xcel Energy approved auditors • Submit project to Xcel Energy engineers • They determine “rebate” or “reimbursement” amount and asso
Slide 42: Xcel Energy 2009 Multi-Family DSM Projects
Xcel Energy 2009 Multi‐Family DSM Projects • Fort Collins Housing Authority • Littleton Housing Authority • Loveland Housing Authority • Mile High Youth Corps Direct Install Program • $576K total spent on 2,700 units • 2009 Projected Savings, from EOC estimates: – 1.2 M kWh – 1,100 kW – 12,000 Dth 4
Slide 43: Xcel Energy 2010 Multi-Family DSM Projects
Xcel Energy 2010 Multi‐Family DSM Projects • Mile High Youth Corps Direct Install Program – 3,000 units already completed – CFLs, showerheads and aerators • 2010 Projected Savings – 1.5M kWh – 1,500 kW – 8,200 Dth • Working to get approvals on: – Loveland Housing Authority ‐ 1,300 Dth potential – Ag
Slide 44: Non-Profit Energy Efficiency Program
Non‐ Profit Energy Efficiency Program 44
Slide 45: NEEP History
NEEP History • Identified need in 2005 for efficiency in nonprofit organizations as a result of rising energy costs • Pilot conducted in 2006 and 2007 • $160,000 raised through various foundations • Held workshops with Xcel Energy and GEO • Received funding from The City of Denver as a result of the
Slide 46: 2009 Xcel Energy NEEP DSM Recipients
2009 Xcel Energy NEEP DSM Recipients 20 projects completed Denver Children's Advocacy Center 46
Slide 47: 2010 Xcel Energy NEEP DSM Projects
2010 Xcel Energy NEEP DSM Projects Projected to be completed Center of Independence Cooperating Ministries Almost Home, Inc Washington Street Community Center Community Ministry of SW Denver Arapahoe House 47 Urban Land Conservancy
Slide 48: NEEP Process for Achieving Xcel Energy DSM Goals
NEEP Process for Achieving Xcel Energy DSM Goals • Similar process to Multi‐Family Program • In Denver, we are able to leverage City of Denver funds to complete projects • EOC raises other private funds to complete projects when the full cost of the project is not reimbursed or is outside Denver • W
Slide 49: Xcel Energy 2009 NEEP DSM Projects
Xcel Energy 2009 NEEP DSM Projects • $805K total spent on 20 projects • Xcel Energy ‐ $309K • Leveraged ‐ $496K – City of Denver and other funders • 2009 Projected Savings for Xcel Energy: – 185,000 kWh – 87 kW – 948 Dth – Some additional savings to be counted in 2010 49
Slide 50: Xcel Energy 2010 NEEP DSM Projects
Xcel Energy 2010 NEEP DSM Projects • $1.5M projected total spent on 25 projects • Xcel Energy DSM funding ‐ $540K+ • Leveraged ‐ $960K – City of Denver and other funders • 2010 Projected Savings: – 546K kWh – 175 kW – 5,800 Dth 50
Slide 51: Association for Senior Citizens
Association for Senior Citizens “The staff complaints regarding comfort are something of the past for us now and this due to the addition of a new boiler, insulation, and door to the food bank plus other upgrades” 51
Slide 52: St. Francis Center
St. Francis Center “It brought to our Center a greater awareness of energy/conservation issues and it improved our Center’s HVAC systems as well as other areas where we were wasting valuable resources” 52
Slide 53: La Puente
La Puente c e rt a i n ly r g y b i l l has “Our ene n, and with this w gone do e be t te r a b l e to w e a r for savings h e a lth y ) f o o d rc h a se ( f u l l y g et p u n d h op e l ie s , a of our fami u g h the i r t i m e h ro them t need” 53
Slide 54: Challenges
Challenges • High efficiency measures not passing the TRC due to the high cost of measures and the low cost of natural gas. • Incremental cost option is challenging for EOC – none of these projects would happen without our intervention and so all measures need to consider the savings from where they
Slide 55: Savings left on the Table
Savings left on the Table • We believe that the following energy savings were not realized due to the current process that is in place: • Multi‐Family DSM 2009 – Four projects denied – 1,645 Dth; $127K in expenses • NEEP DSM 2009; Achieved savings through leveraging but not realized by Xcel Energy –
Slide 56: Options
Options • Recognizing that Xcel Energy has to be prudent with rate payer funds, but also, • Recognizing that no measures would be completed in most of these Multi‐Family Affordable units or Nonprofits without these programs in place, and recognizing that • Special considerations have been placed in
Slide 57: Options
Options • EOC would like to consider: – Continue pursuing options for leveraging funding and providing the savings to Xcel Energy – Cost sharing—somewhere between incremental cost and full cost so that TRC is met – Reviewing the TRC requirements for low‐income programs over next few years – Pull low
Slide 58: Questions?
Questions? Jennifer Gremmert jgremmert@energyoutreach.org 303‐226‐5052 58
Slide 59: Open Discussion/Wrap-Up
Open Discussion/Wrap-Up Upcoming UpcomingRoundtable RoundtableSchedule: Schedule: Q3: Q3:August August18, 18,2010 2010 Q4: Q4:November November17, 17,2010 2010