Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Corporate Update (February 2014)
72 slides from Xcel Energy's corporate update, Feb 19, 2014
Slide 1: Colorado DSM Roundtable
Colorado DSM Roundtable February 19, 2013 1:00 – 4:00 pm 03G01, 1800 Larimer St. Denver, CO
Slide 2: Welcome and Introductions
Welcome and Introductions Shawn White Manager, DSM Regulatory Strategy & Planning P: 612-330-6096 E: Shawn.M.White@xcelenergy.com
Slide 3: Agenda
Agenda 1:00 – 1:05 p.m. Welcome and Introductions 1:05 – 2:15 p.m. DSM Programs: Q4-2013 Summary Business Residential Energy Efficiency Financing (Bus & Res) Low-Income 2:15 – 3:45 p.m. Pilots & Product Development Data Access & Data Privacy Stakeholder Idea Submissions Advance
Slide 4: Colorado DSM Achievements Q4-2013
Colorado DSM Achievements Q4-2013 Bill Conrad Manager, Energy Efficiency Marketing
Slide 5: 2013 DSM Achievements
2013 DSM Achievements Electric DSM Achievements: Natural Gas DSM Achievements: 383 GWh (Net Gen) 571,966 Net Dth 108% of goal 134% of goal 90% of budget 103% of budget Over 769,000 participants Over 256,000 participants Managed budget flexibility and kept all programs open
Slide 6: High-Performing Business Products
High-Performing Business Products Business – Electric Business – Natural Gas 219 GWh 117,273 Dth Lighting Efficiency 71 GWh New Construction 74,899 Dth New Construction 32 GWh Heating Efficiency 13,145 Dth Motors & Drives 22 GWh Recommissioning 12,219 Dth Small Business Lighting 17 GWh
Slide 7: High-Performing Residential Products
High-Performing Residential Products Residential – Electric Residential – Natural Gas 164 GWh 454,693 Dth Home Lighting & Recycling ENERGY STAR® New Homes 100,128 Dth 117 GWh *Low-Income Single-Family Refrigerator Recycling 5 GWh Weatherization 79,941 Dth School Education Kits 4 GWh Heat
Slide 8: Trade Allies, Contractors, & Consultants
Trade Allies, Contractors, & Consultants Over 850 trade allies participating in Business Program Over 750 trade allies participating in Residential Program Many work in residential HVAC Lighting Efficiency & Small Business Lighting had over 400 trade allies in 2013 Energy Efficiency Partne
Slide 9: Business Program Highlights
Business Program Highlights Jennifer Elling Team Lead, DSM Marketing
Slide 10: DSM Business Program Highlights: Overview on Upstream/Midstream
DSM Business Program Highlights Overview on Upstream/Midstream What are upstream / midstream programs? Upstream Rebates – Incentivize manufacturers to focus on production of energy efficiency products Midstream Rebates – Incentivize distributors or retailers to stock / sell energy efficiency p
Slide 11: New Upstream/Midstream Initiatives
DSM Business Program Highlights New Upstream/Midstream Initiatives Lighting Efficiency Product Midstream incentive opportunity currently in RFP stage LED screw-in lighting Cooling Efficiency Product Upstream incentive in early stage Internal planning meetings
Slide 12: Commercial Refrigeration Efficiency
DSM Business Program Highlights Commercial Refrigeration Efficiency Commercial Refrigeration product launched July 2013 On-site refrigeration focused assessments Direct installation services LED lamps, faucet aerators, coil cleaning Prescriptive and custom measures Turn-key services Ta
Slide 13: Commercial Refrigeration Efficiency
DSM Business Program Highlights Commercial Refrigeration Efficiency Participation since product launch: 300+ customer site assessments 5+ GWh pipeline established and growing 750,000+ kWh committed savings 2014 Forecast: 9.25 GWh energy savings
Slide 14: Residential & Low-Income Program Highlights
Residential & Low-Income Program Highlights David Hueser Team Lead, DSM Marketing
Slide 15: Home Lighting & Recycling
DSM Residential Program Home Lighting & Recycling Exceeded 2013 savings goal on retail CFL sales 8% lower 2014 goal – reduced EISA baselines 76.5 GWh goal in 2014, 839K participants 265,000 unit sales LED in 2014 goal, roughly triple 2013 actual sales of 86,000 2014 retail promotions for s
Slide 16: Home Lighting & Recycling: Top Selling CFLs
DSM Residential Program Home Lighting & Recycling Top selling CFLs in multi-packs, primarily spirals, some reflectors Sales distribution: warehouse clubs, home centers, grocery/drug, and deep discounters TCP 14W Spiral 4-pack Home Depot GE 26W spiral 4-pack Sams Club Greenlite 13W Feit 23W Mini
Slide 17: Home Lighting & Recycling: Top Selling LEDs
DSM Residential Program Home Lighting & Recycling Top selling LED Lamps, primarily singles A-line lamps or reflectors replace incandescent lamps Sales distribution skews to warehouse clubs, home centers Philips 11-12W A-Line Feit 13W BR30 Home Depot Reflector Costco Utilitech 13.5W A19 Lowes 1
Slide 18: School Education Kits
DSM Residential Program School Education Kits Significant program cost savings realized in 2013 via competitive bid Conducted competitive bid in 2013 across three states – CO, MN, NMx Selected vendor: AM Conservation Group $1.5 million savings over three-year period within three states, drivin
Slide 19: Energy Efficient Showerheads
DSM Residential Program Energy Efficient Showerheads Achieved 108% of 2013 gas participation goal, 116% of gas savings and spend Two-step direct mail primarily targets participants Cost-effective: 5.07 Gas and 7.03 Electric MTRC in 2012 2013 YE: 26,440 Dth gas savings; 350,000 kWh 1.5 gallon-p
Slide 20: Residential Pool Pumps (w/VSD)
DSM Residential Program Residential Pool Pumps (w/VSD) Instant $100 point-of-sale rebate for variable speed pool pump. Up to 70% energy savings Result of Innovative Technology RFP in 2012 Program implemented via 60-Day Notice in January 2013 Ecova is third-party implementer, 13 trade partners
Slide 21: ENERGY STAR DSM Products
DSM Residential Program ENERGY STAR® DSM Products ENERGY STAR® New Homes likely to remain open in ‘14 Home Performance with ENERGY STAR® 2014 goal increased from 400 to 500 ENERGY STAR New Homes 2013 actual: 2,883 homes; 110,787 Dth; 2 GWh 2014 goals: 2,544 homes; 95,294 Dth; 1.7 GWh Home Pe
Slide 22: Low-Income Single-Family Weatherization
Low-Income Program Single-Family Weatherization Achieved 135% of gas savings stretch goal Fell short of electric savings goal in 2013 Additional gas-savings measures added in 2012/13 Plan Settlement; goals increased Colorado Energy Office is the primary Program implementer Partnered with E
Slide 23: Energy Efficiency Financing for Residential & Business Customers
Energy Efficiency Financing for Residential & Business Customers Continuing partnership with financial allies ¡ Residential: WJ Bradley, Bank of Colorado & Elevations Credit Union ¡ Commercial: TIP Capital & Elevations Credit Union Q4 2013 Highlights: ¡ Individual trade partner meetings to devel
Slide 24: DSM Data Access & Data Privacy
DSM Data Access & Data Privacy Drew Quirk – Product Development
Slide 25: Objectives
Objectives Describe Xcel Energy’s approach to Data Privacy and Confidentiality Define Xcel Energy’s current strategy for integrating data services into our portfolio of products and services
Slide 26: Data Privacy and Confidentiality: A Balancing Act
Data Privacy and Confidentiality: A Balancing Act
Slide 27: Our customers are universally….unique
Our customers are universally….unique
Slide 28: Xcel Energy seeks direction
(2) Xcel Energy’ RESPONSIBLE BY NATURE® Xcel Energy seeks direction
Slide 29: DSM Data Access: The Three Legs
DSM Data Access The Three Legs 1. Publicly Available Data 2. Individual Customer Access & Analytics Solutions 3. Robust DSM Offerings
Slide 30: Data Access and Analytics Framework
Data Access and Analytics Framework Social Call to Motivators Action Value Insights Personal Motivators Access Depth of Analytics
Slide 31: Publicly Available Datasets
Publicly Available Datasets
Slide 32: Individual Customer Access & Analytics
Individual Customer Access & Analytics
Slide 33: DSM Offerings
TT keene RESPONSIBLE BY NATURE® losm Offerings
Slide 34: Summary
Summary Xcel Energy looks forward to… …continuing the regulatory discussion and generating guidelines that work for everyone in the area of Customer Data Privacy and Confidentiality …delivering more products and services in the future that our customers and communities want and value
Slide 35: Product Development 2014 Overview
Product Development 2014 Overview Kerry Klemm Create choices to help customers save on energy, support their environmental values and improve their overall experience with Xcel Energy
Slide 36: 2013 New Products
2013 New Products New Products Filed in 2013 29.8 GWh Commercial Refrigeration 9.0 GWh LED Parking Garages Lamps 5.8 GWh Business Energy Feedback 5.5 GWh Online Energy Feedback 4.2 GWh Pool Pumps 2.2 GWh DEPACC 1.7 GWh Building Tune‐up 1.4 GWh Community EE Partnerships 0.0 GWh
Slide 37: PD Outlook Across Xcel Energy
PD Outlook Across Xcel Energy Facilitated process to prioritize DSM product development efforts for 2014 Opportunities vs. concepts Screening criteria Market insight Top ideas prioritized for 2014 development
Slide 38: Where do ideas come from?
Where do ideas come from? External stakeholders Conference & market intelligence Utility organizations Customers Sales & customer care teams Trade partners & consulting firms Regulators Potential vendors And more!
Slide 39: Which Ideas to Pursue?
Which Ideas to Pursue? Size of Opportunity (GWh, Dth) Market Advantage (alignment with market, industry trends) Strategic Fit Product Advantage (likely market share) Feasibility (ease of development and approval) Customer Choice (impact to customers) 39
Slide 40: The Best of the Best
The Best of the Best 2014 Development Plan (impacts 2015+) 37GWh* PD Stage LED Troffers 1.1 GWh 4 Large C&I Data Analytics 6.0 GWh 3 Holistic Multifamily 4.5 GWh 3 Smart Thermostats 2.5 GWh 3 SME Direct Install 3.9 GWh 3 Midstream LED Rebates 3.0 GWh 3 LED Area Lighting 2.1 GWh 3 Upstream strategy &
Slide 41: NEW: PD Express
Xcel Energy’ RESPONSIBLE BY NATURE® NEW: PD Express
Slide 42: 2014 PD Express
2014 PD Express Potential Products LED high bay lighting Mini-split ductless air conditioning Energy recovery ventilators DEPACC for Refrigeration Home Energy Squad Commercial refrigerator/freezer LED area lighting rebates Pool equipment (pumps, gas Western cooling control device h
Slide 43: Stakeholder DSM Idea Submissions
Stakeholder DSM Idea Submissions Presented by Pat Goggin Program ideas can be submitted on Xcel Energy’s DSM website at: http://www.xcelenergy.com/About_Us/Rates_&_Regulations/Regulatory_Filings/CO_DSM
Slide 44: Stakeholder DSM Idea Submissions
Stakeholder DSM Idea Submissions 1. Fluorescent to LED Retrofits in Reach-in Display Cases via GE 2. ShowerStart via ShowerStart LLC 3. MasterMetered Multi-Family via SmartWatt
Slide 45: 1. Fluorescent to LED Retrofits
1. Fluorescent to LED Retrofits Description: Provide a prescriptive incentive for LED light bars used in open deck refrigerated cases Evaluation Result: We offer rebates for vertical case lights, a horizontal option makes sense Estimated Energy Savings: 304.6 kW 2.33 GWh Move to Conc
Slide 46: 2. ShowerStart
2. ShowerStart Description: Prescriptive program to offer incentives for the installation of SmartStart device in residential showers Evaluation Result: SmartStart showerhead closes water flow to a trickle once the water reaches bathing temperature; once customer is ready to begin shower the
Slide 47: 3. Master-Metered Multifamily Program
3. Master-Metered Multifamily Program Received November 18, 2013 Description: Turnkey program to install prescriptive energy efficiency measures in master-metered multi-family buildings and complexes Evaluation Result: Master-metered multi-family properties already participate in our progr
Slide 48: Pilot Updates
Pilot Updates Andre Gouin Ryan Matley David Hueser
Slide 49: SmartGridCity Pricing Pilot Overview
SmartGridCity™ Pricing Pilot Overview Three-year pilot concluded September 2013 Three Pricing Options; Shift & Save (TOU), Peak Plus Plan (CPP), Reduce-Your-Use Rebate (PTR) Customers within SmartGridCity were eligible to participate Goal to determine if time differentiated pricing reduces p
Slide 50: SmartGridCity Pricing Pilot Results Summary
SmartGridCity™ Pricing Pilot Results Summary 4,029 Participants recruited (Nearly 20% of eligible population) Outreach – Recruitment plan and materials developed and deployed Education & Engagement – Developed strategic plan, deploy tactics People – Cross-functional effort with Business Syst
Slide 51: Pricing Pilot – kW Reduction, kWh Savings
Pricing Pilot – kW Reduction, kWh Savings 1.2 1.4 1.0 1.2 1.0 0.8 0.8 0.6 0.6 0.4 0.4 Control 0.2 0.2 Treatment 543 participants 1,888 participants 0.0 0.0 CPP PTR • Significant peak reduction ( 25%) • Peak reduction ( 12%) • Energy savings throughout the year (7.5%) • Energy savings throughout the
Slide 52: Pricing Pilot - Lessons Learned
Pricing Pilot - Lessons Learned All rates encourage behavior change year round CPP provides greatest savings Non-summer events provide little load relief Opt-in out performs opt-out Cost-effectiveness - significant hurdles to overcome before rates can be offered on a broader basis Custom
Slide 53: In-Home Smart Device (IHD) Pilot
In-Home Smart Device (IHD) Pilot Presented by Ryan Matley
Slide 54: IHD Pilot Background
IHD Pilot Background Energy Hub/Xcel Objectives: Energy savings: IHD feedback induces behavior change Demand savings: Thermostat setback: 5 degrees for 6 hours Wireless T-Stat Wireless Appliance sockets disabled Router ZigBee No participation incentives offered Wi-Fi Participants can o
Slide 55: Customer Satisfaction
Customer Satisfaction Perception of savings using an IHD is critical to satisfaction Overall Satisfaction with IHD Pilot Savings (No) 63% Savings (Yes) 86% 91% 2013 Survey 74% Positive (6-10) 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Very Positive (8-10) How satisfied are you with the In Home
Slide 56: Demand Savings
Demand Savings Summer Event Average Load Reduction Impacts 1.4 2013 Pilot Participants as a Whole Average Load Reduction During Event, 1.2 2013 Event Responders 1.0 2012 Event Responders 0.8 kW 0.6 0.4 0.2 0.0 Med Temp High Temp Bookends of IHD 0.52 kW 0.99 kW (All IHDs in pilot) Increased event par
Slide 57: Energy Savings
Energy Savings Fixed Effects Regression Analysis Monthly Savings 5.0% Avg. Energy Savings = 2.9% 4.5% 4.0% Are statistically significant Energy Savings 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2 3 2 3 1 2 12 13 2 3 12 13 -1 -1 -1 -1 -1 -1 l-1 l-1 n- n- p- p- ay ay ar ar ov ov Ju Ju Ja Ja Se Se M M M
Slide 58: Cost-effectiveness: Now and Future
Cost-effectiveness: Now and Future The pilot was not cost effective – MTRC ~ 0.3 The bigger question is what do the pilot results say about the cost-effectiveness of a future program? Results are promising Focusing only on the thermostat reduces cost significantly Increasing event particip
Slide 59: Community Energy Program
Community Energy Program Presented by David Hueser
Slide 60: Community Energy Program
Product Development Update Community Energy Program Community Energy Program Proposed offering to support collaborative partnering between a community and PSCo in the development and implementation of strategic energy plans Incorporates the early findings of the Community Energy Efficiency Plannin
Slide 61: What does it look like?
What does it look like? 1. Enroll a community (Application Process) PSCo & Bonus & City Profile PR 2. Engage stakeholders and 4. Track & communicate community leaders in results, award bonuses planning process (Stage 1) Goals & Joint Strategies Marketing 3. Support strategy implementation (Stage 2)
Slide 62: Community Energy Program: Plan Development and Implementation
Product Development Update Community Energy Program 1. Plan Development 2. Implementation Facilitated planning process Configure unique program with Xcel Energy product and Goals and strategies include: community resources Energy Efficiency Provide project management Renewables resources
Slide 63: Community Energy Program Objectives
Product Development Update Community Energy Program Program Objectives: 1. Develop new DSM delivery channel Leverages community brand to promote PSCo products 2. Expand distribution of renewables Wind and Solar 3. Strengthens relationships with communities Provides more options and services 63
Slide 64: DSM Regulatory Updates
DSM Regulatory Updates Presented by Shawn White Compliance information available on Xcel Energy’s DSM website: http://www.xcelenergy.com/About_Us/Rates_&_Regulations/Regulatory_Filings/CO_DSM
Slide 65: Historical Achievement / Cost Trends
Historical Achievement / Cost Trends Energy Efficiency $/kWh Year kWh Actual Spend (First Year) 20101 251,966,499 $42,227,987 $0.168 20112 311,358,676 $51,745,328 $0.166 20123 400,198,618 $67,144,200 $0.168 20134 382,526,905 $63,487,550 $0.166 1 2010 Annual DSM Status Report (Docket No. 08A-366EG)
Slide 66: 60-Day Notices
60-Day Notices DEPACC Cooling Efficiency (Business) product Posted: 12/17/2013 Comments Received: None Implemented: 1/17/2013 LED Parking Garage and Troffer Fixtures Lighting Efficiency (Business) product Posted: 1/21/2014 Comments due: 2/19/2014
Slide 67: Regulatory Look-Ahead to 2014
Regulatory Look-Ahead to 2014 Upcoming DSM Filings / Meetings Mar 2014 (anticipated): 2014 DSM Plan Decision Apr 1, 2014: 2013 DSM Annual Status Report Apr 22-24, 2014: DSM Strategic Issues Hearing May 8, 2014 (Thursday) Q1-2014 DSM Roundtable Meeting June 2014 (anticipated): DSM Strategic
Slide 68: Q&A
Q&A 68
Slide 69: Q&A
Q Xcel Energy’ RESPONSIBLE BY NATURE®
Slide 70: Appendices – Data Access & Data Privacy
Appendices – Data Access & Data Privacy Green Button Examples
Slide 71: Green Button Format - .csv
Green Button Format - .csv Name Address Account Number TYPE START DATE END DATE USAGE UNITS COST NOTES Electric billing 9/28/2013 10/24/2013 kWh Electric billing 10/25/2013 11/24/2013 kWh Electric billing 11/25/2013 12/29/2013 kWh Electric billing 12/30/2013 1/28/2014 kWh
Slide 72: Green Button Format - .xml
(7 Xcel Energy’ RESPONSIBLE BY NATURE® Green Button Format - .xml <?xml version="1.0" encoding="UTF-8" 2> ttp:/ / www.w3.org/2005/Atom" xmins:xsi="http:/ / www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://naesb.org/espi espi.xsd"> '762c9e8-4e65-3b0c-83b3-7874683f3dbe </id> <link href="