Duke Energy Corporation (holding Company) · NYSE:DUK
Duke Energy Corporation (holding Company) — Corporate Update (June 2023)
29 slides from Duke Energy Corporation (holding Company)'s corporate update, Jun 13, 2023
Slide 1: Carolinas Resource Plans Stakeholder Meeting 5
Duke Energy Carolinas Resource Plans Stakeholder Meeting 5 Virtual Meeting – June 13, 2023 *Please note, with the exception of the South Carolina-specific session, this meeting is being recorded. Presentations will be posted on the IRP website, and discussion portions will be kept for internal purpo
Slide 2: Meeting Ground Rules
Meeting Ground Rules • Respect each other: Help us to collectively uphold respect for each other's experiences and opinions, even in difficult conversations. We need everyone’s wisdom to achieve better understanding and develop robust solutions. • Focus on today’s topics: Please respect the scope of
Slide 3: Attendee Roles: Observers
Attendee Roles: Observers • Please use the “Q&A” feature, on the menu at the bottom of your screen, to submit questions to presenters and Technical Representatives. Please be respectful and focus on issues, not people. • Questions/comments submitted will be seen by all participants. • We will addres
Slide 4: Attendee Roles: Technical Representative
Attendee Roles: Technical Representative • May utilize the camera and unmute themselves. • To manage participation, please use the “raise hand” feature to indicate you would like to join the conversation.
Slide 5: Additional Participation
Additional Participation Meeting materials/recordings will be uploaded to the website: Meeting recordings (Q&A www.duke-energy.com/carolinas-irp portions of meetings will be removed to adhere to the non- attribution rule) and Information/feedback can be sent to: meeting summaries will be uploaded to
Slide 6: Agenda
Agenda 9:00am – 9:15am: Introduction and Safety 9:15am – 9:30am: Welcome and Engagement Summary 9:30am –10:00am: Planning for a Changing Energy Landscape 10:00am –10:15am: Break 10:15am – 11:30am: Analytical Framework for Developing the Carolinas Resource Plans 11:30am – 12:00pm: Open for additional
Slide 7: Introductions
Introductions Duke Energy Technical Representatives: Stakeholder Technical Representatives: ▪ Glen Snider ▪ Bob Hinton Managing Director, IRP and Analytics Director of Economic Research, NCUC Public Staff ▪ Nathan Gagnon ▪ John Gaertner Director, IRP Regulatory and Policy Strategy Technical Advisor,
Slide 8: Welcome
Welcome DUKE SS” ENERGY. BUILDING A SMARTER ENERGY FUTURE ®
Slide 9: Duke Energy Welcome
Duke Energy Welcome Julie Janson EVP and CEO, Duke Energy Carolinas
Slide 10: Engagement Summary
Engagement Summary BUILDING A SMARTER ENERGY FUTURE ®
Slide 11: 2023 Resource Planning Stakeholder Engagement Overview
2023 Resource Planning Stakeholder Engagement Overview Feb Mar Apr May Jun Jul Aug Sep Meeting 1 Meeting 3 Meeting 4 Meeting 5 IRP Filing Feb. 22 March 22 May 31 June 13 (PSCSC) Introduction & Model Assumptions: Model Assumptions: Summary of Key Aug. 15 Process Overview ▪ Natural Gas Price ▪ Resourc
Slide 12: 2023 Resource Planning Stakeholder Engagement Overview
2023 Resource Planning Stakeholder Engagement Overview TODAY TODAY | 12
Slide 13: Planning for a Changing Energy Landscape
Planning for a Changing Energy Landscape
Slide 14: Changing Energy Landscape Planning Impacts
Changing Energy Landscape Planning Impacts • States: NC HB 951, SC Act 62 Energy Transition • Federal Actions: Congress, EPA, FERC and Cross-cutting implications ► Policy & Regulatory NERC, DOE, among others necessitates trade-offs in Landscape • Infrastructure siting and permitting balancing planni
Slide 15: Demand Growth for the Combined Carolinas System
Demand Growth for the Combined Carolinas System Forecasted Annual Energy Consumption Forecasted Non-Coincident Winter Peak 11% (19 TWh) 10% (3.3 GW) increase in 2035 increase in 2035 8% (13 TWh) 7% (2.4 GW) increase in 2030 increase in 2030 Spring 2023 Forecast Spring 2023 Forecast Load Forecast in
Slide 16: Reserve Margin Update Compounds Peak Increase
Reserve Margin Update Compounds Peak Increase | 16
Slide 17: Industry Exit from Coal
Industry Exit from Coal Changing Supply Chain Evolving Generation Economics Constraints and Dispatch Equation ▪ Changing coal production ▪ Inelastic coal supply chain ▪ Reliable capacity resources cost dynamics unable to respond timely to required over energy transition changing demand ▪ Focus on ov
Slide 18: Other Energy Landscape Factors
Other Energy Landscape Factors Policy & Regulations Economic Factors Technology Consumer Trends ▪ Continuing federal ▪ General inflation permeates ▪ Status of in-flight SMRs ▪ More energy options for developments – Congress, all aspects of resource costs renewables and EPA, FERC, NERC, DOE, ▪ Develo
Slide 19: Break
Break
Slide 20: Analytical Framework for Developing the Carolinas Resource Plans
Analytical Framework for Developing the Carolinas Resource Plans
Slide 21: Generic Supply-Side Resources for Modeling
Generic Supply-Side Resources for Modeling Resource Generic Capacity Block Notes Stand-alone solar 75 MW 1.4 ILR 25% of solar MW, 4-hour Battery Solar paired with storage 75 MW 50% of solar MW, 4-hour configurations: 75% of solar MW, 4-hour Onshore Wind 150 MW Offshore Wind 800 MW Small Modular Reac
Slide 22: Cumulative Resource Availability for Modeling
Cumulative Resource Availability for Modeling RESOURCE 2028 2029 2030 2031 2032 2033 2034 2035 Notes • Annual additions up to 1,350 MW/year, with up to Solar (incl. SPS) 1,350 MW 2,700 MW 4,050 MW 5,400 MW 6,750 MW 8,100 MW 9,450 MW 10,800 MW 525 MW DEC / 825 MW DEP • No cumulative ceiling • Annual
Slide 23: Portfolio Framework Shaping Initial Analytics
Portfolio Framework Shaping Initial Analytics These are the cases around which we will construct the initial analysis. These core portfolios may be adjusted and adapted as appropriate based on preliminary results. Core Portfolios A portfolio that targets a 70% A portfolio for which the interim 70% r
Slide 24: Planning Objectives
Planning Objectives Planning for an Orderly Energy Transition Resource Increasingly Clean Diversity Resource Mix Maintain or ® Improve Reliability and Other Least Cost Foreseeable al, Planning and Executability Conditions Affordability el (= DUKE SS” ENERGY.
Slide 25: Key Factors to Address in Sensitivity Analysis
Key Factors to Address in Sensitivity Analysis Gas Fuel Resource When testing the robustness of analytical Supply Prices Costs results with respect variability in a given input, it may be appropriate to… 1. Run the capacity expansion model to Resource Load EE/DSM evaluate sensitivity of resource sel
Slide 26: Logistics
Logistics ▪ Filing deadlines are August 15 (SC) and September 1 (NC) ▪ Model files will be made available to intervenors at time of filing ▪ Using EnCompass version 7.05 for this analysis ▪ We anticipate conducting a modeling workshop after filing to provide an overview of model files and address in
Slide 27: Additional SC-specific Comments and Questions
South Carolina Session: Additional SC-specific Comments and Questions ▪ Heather Shirley Smith Vice President, Regulatory Affairs and Policy (SC) ▪ Leigh Tondini Utility Strategy Director (SC) ▪ Sam Wellborn Associate General Counsel (SC) Earlier Identified Technical Representatives South Carolina Se
Slide 28: Additional Participation
Additional Participation Meeting materials/recordings will be uploaded to the website: Meeting recordings (Q&A www.duke-energy.com/carolinas-irp portions of meetings will be removed to adhere to the non- attribution rule) and Information/feedback can be sent to: meeting summaries will be uploaded to
Slide 29: Thank You
— 5@ | GREAT PLAINS | Better Energy. a INSTITUTE Better World THANK YOU