Xcel Energy Inc. · NASDAQ:XEL

Xcel Energy — Corporate Update (March 2023)

24 slides from Xcel Energy's corporate update, Mar 7, 2023

  1. Slide 1: 2021-2023 Transportation Electrification Plan Quarterly Stakeholder Meeting

    PUBLIC SERVICE COMPANY OF COLORADO 2021-2023 TRANSPORTATION ELECTRIFICATION PLAN (TEP) QUARTERLY STAKEHOLDER MEETING March 7, 2023 © 2023 Xcel Energy 1 II - Internal Information

  2. Slide 2: TEP Stakeholder Facilitation

    TEP Stakeholder Facilitation © 2023 Xcel Energy 2 II - Internal Information

  3. Slide 3: Housekeeping Items

    Housekeeping Items Participation: During presentations, please submit your comments and questions in the chat. You can also use the “raise hand” feature to indicate you would like to join the conversation. GPI staff will monitor the chat to pull out questions. Closed Captioning: For those who may be

  4. Slide 4: Agenda

    AGENDA 1. TEP Program Development, Updates, & Timelines 2. 2024-2026 TEP Development – Workshop Feedback and Update 3. Wrap Up © 2023 Xcel Energy II - Internal Information

  5. Slide 5: 1. TEP Program Development, Updates, & Timelines

    1. TEP PROGRAM DEVELOPMENT, UPDATES, & TIMELINES Equity Programs, Residential Portfolio, MFH Portfolio, Commercial Portfolio, Advisory Services, Partnerships/Research/Innovation (PRI) © 2023 Xcel Energy II - Internal Information

  6. Slide 6: 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

  7. Slide 7: 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

  8. Slide 8: 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 150 applications received to date • As of 3/1/2023, 133 rebates issued (97 new, 36

  9. Slide 9: 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 34 Dealers in Colorado, 77 dealers across Xcel Ene

  10. Slide 10: Multi-Family Housing (MFH) Programs

    Multi-Family Housing (MFH) Programs EV Supply Infrastructure (EVSI) as of 3/1/2023 • 2023: Multifamily Housing – Shared Parking EVSI has received 2 applications for customer sites that support 8 ports. • 2023: Multifamily Housing – Assigned Parking EVSI has received 3 applications for customer sites

  11. Slide 11: Commercial TEP Programs

    Commercial TEP Programs As of 3/1/2023: Fleet EVSI • 2023: Received 6 applications for customer sites that support 36 ports • To Date: Received 46 applications for customer sites that support 258 ports Workplace EVSI •2023: Received 5 applications for customer sites that support 34 ports •To Date: R

  12. Slide 12: Public Service DCFC Program

    Public Service DCFC Program Sites selected based on Commission requirements for under-served areas. Two scenarios: • Market (M)- Public areas within communities such as city owned, shopping areas, etc. • Connector (C)– Close proximity to major highways and interstates, 6 sites selected, possibly add

  13. Slide 13: School Buses

    School Buses Funds Fund up to 8 School Bus Rebate Program Available buses • Launched in October 2021 ($2.2 M) • Held 4 webinars across the territory Rebate per $275,000 Max • Continuous account management outreach Bus or 75% of Project • 3 school districts have submitted intake forms for Buses Funde

  14. Slide 14: Advisory Services – Fleet Electrification

    Advisory Services – Fleet Electrification Fleet Electrification Advisory Program • Update on Fleet Assessments: • 20 fleets currently participating • 31 have completed a full assessment • Expect those participating and an additional 10-12 to complete by year-end • Covers all fleet market segments •

  15. Slide 15: Advisory Services – Communities

    Advisory Services – Communities Community EV Planning Delivered through Xcel Energy’s Partners in Energy program: • Planning incorporates and support for implementation leverages Xcel Energy programs and 3rd party resources • Over 15 EV plans completed to date • Applications now accepted quarterly •

  16. Slide 16: Partnerships, Research, & Innovation (PRI) Portfolio Update

    Partnerships, Research, & Innovation (PRI) 1 of 2 Portfolio Update EV Accelerate Innovation (EVAI) (1) EV Equitable Car Sharing* | Launched: July 27, 2022 Underserved community focus, providing access to EV car-sharing o 8 cmty. participants; 25 LD EVs across 21 sites (includes rural, mountains, met

  17. Slide 17: Partnerships, Research, & Innovation (PRI) Portfolio Update

    Partnerships, Research, & Innovation (PRI) 2 of 2 Portfolio Update (4) Residential Resiliency Study charging’s impact on grid, and build a new tool to improve resiliency o In development with National Renewable Energy Laboratory (NREL) | Q4 2023 (5) Vehicle to X (V2X) (“X” = Home, Buildings, Grid, a

  18. Slide 18: 3. Discussion Topics

    3. DISCUSSION TOPICS CO TEP 2024-2026 © 2023 Xcel Energy II - Internal Information

  19. Slide 19: Xcel Energy TEP 2024-2026 Workshop

    Xcel Energy TEP 2024-2026 Workshop We hosted a stakeholder workshop with ~130 attendees (60 in-person/70 virtual. We presented quarterly updates for the current TEP as well as discussed key areas for the next TEP. Workshop slides and notes were sent to stakeholders. Breakout Sessions Topics: • Manag

  20. Slide 20: Stakeholder Feedback to Date for 2024-2026 TEP: Key Themes

    Stakeholder Feedback to Date for 2024-2026 TEP: Key Themes Next TEP to be filed by May 15, 2023 • Offer comprehensive equity offerings with community outreach to increase participation • Streamline project development process and interconnection timelines • Focus on MD/HD vehicles and fleet charging

  21. Slide 21: 2024-2026 TEP Focus Areas Under Development

    2024-2026 TEP Focus Areas Under Development • Strong focus on equity • Continue to reduce barriers to adoption • Increased access to managed charging • Preparing for future growth in EV adoption/charging • Addressing public charging gap • Expand PRI portfolio, including V2X • Enhance Advisory Servic

  22. Slide 22: 4. Wrap Up

    4. WRAP UP CO TEP Semi-Annual Report – April 3, 2023 CO TEP 2024-2026 – Required by May 15, 2023 Next Quarterly Stakeholder Meeting - June 2023 © 2023 Xcel Energy II - Internal Information

  23. Slide 23: Additional Contact Information

    Additional Contact Information Jack Ihle Deb Erwin Xcel Energy Xcel Energy Director, Regulatory and Strategic Analysis Director, Policy and Planning Jack.Ihle@xcelenergy.com Clean Transportation Deborah.E.Erwin@xcelenergy.com Ryan Odell Xcel Energy Ryan Pocius Strategy & Policy Analyst, Clean Xcel E

  24. Slide 24: © 2023 Xcel Energy II - Internal Information

    © 2023 Xcel Energy II - Internal Information

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