Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Investor Presentation (August 2023)
10 slides from Xcel Energy's investor presentation, Aug 29, 2023
Slide 1: Southwestern Public Service Company 2023 New Mexico Integrated Resource Plan
SOUTHWESTERN PUBLIC SERVICE COMPANY 2023 New Mexico integrated resource plan August 29, 2023 © 2023 Xcel Energy 1
Slide 2: IRP Modeling - SPS Scenarios
IRP Modeling - SPS Scenarios © 2023 Xcel Energy 2
Slide 3: Key Modeling Takeaways
Key Modeling Takeaways SPS Scenarios STRENGTHS OPPORTUNITIES • A continued and substantial need for new, low‐cost, • There’s an increasing need for alternative, carbon‐free, renewable generation through the end of the decade dispatchable, and economic technologies over the 20‐ and beyond year planni
Slide 4: Capacity Need Summary
Capacity Need Summary Load Growth, Retirements, & Resource Adequacy Requirements • SPS is forecasting a Summer peak demand of between 4,771MW and 6,517MW by 2030 • Assuming the existing Southwest Power Pool PRM of 15%, SPS’s capacity need is between 1,760MW and 3,768MW in 2030 • Capacity need increa
Slide 5: IRP Modeling Results: Resources Added 2028-2030
IRP Modeling Results New Resources Added: 2028 - 2030 1. All 3,500MW of available wind generation selected in 2028 – 2030 in most scenarios analyzed SPS included an annual cap of 1,000MW of new wind generation per year, plus an additional 500MW of surplus wind generation Wind selection is biased by
Slide 6: IRP Modeling Results: Resources Added 2028-2030
IRP Modeling Results New Resources Added: 2028 - 2030 Resources Added 2028-2030 (Nameplate Capacity) PVRR DELTA Dispatchable Variable Energy Resources 2024-2030 NPV 2024-2040 NPV 2024-2043 NPV $(M) $(M) $(M) Firm Peaking CC Storage Total Wind Solar Total Financial Forecast 15% PRM Multi-Jurisdiction
Slide 7: IRP Modeling Results: Resources Added 2028-2040
IRP Modeling Results New Resources Added: 2028 - 2040 Resources Added 2028-2040 (Nameplate Capacity) PVRR DELTA Dispatchable Variable Energy Resources 2024-2030 NPV 2024-2040 NPV 2024-2043 NPV $(M) $(M) $(M) Firm Peaking CC Storage Total Wind Solar Total Financial Forecast 15% PRM Multi-Jurisdiction
Slide 8: IRP Modeling Results: Present Value Revenue Requirements
IRP Modeling Results Present Value Revenue Requirements • Relying solely on today’s commercially available, NPV ($M) NPV ($M) NPV ($M) PVRR Production Cost Delta ($M) 2024-2029 Delta ($M) 2024-2033 Delta ($M) 2024-2043 carbon‐free technologies (i.e., wind, solar and 4‐ 8 hours lithium‐ion batteries)
Slide 9: Generating Resources: Cost and Technical Capability Certainties
IRP Modeling Results New Generating Resources: Cost and Technical Capability Certainties • SPS relied upon generic cost estimates and projected performance capabilities • The level of accuracy is dependent upon the maturity of the technology • Actual cost estimates and performance capabilities will
Slide 10: Statement of Need Inputs
IRP Modeling Results Statement of Need Inputs • All scenarios included a substantial build out of new renewable generation ranging from 4,281MW to 6,631MW of wind and solar generation between 2028 and 2030 • New dispatchable additions ranged from 1,043MW to 4,290MW during the same period • Total res