Tennessee Valley Authority · NYSE:TVC
Tennessee Valley Authority — Corporate Update (May 2018)
33 slides from Tennessee Valley Authority's corporate update, May 15, 2018
Slide 1: 2019 Integrated Resource Plan Quarterly Public Update Webinar
Note: Due to a technical malfunction, this webinar was not recorded. This slide deck was presented during the webinar, and the FAQ document on tva.com/irp contains many of the questions posed during the session. 2019 INTEGRATED RESOURCE PLAN Quarterly Public Update Webinar May 15, 2018
Slide 2: NTEGRATED Resource Plan 2019 | TVA
NTEGRATED Resource Plan 2019 | 2 TVA
Slide 3: About Today's Meeting
About Today’s Meeting • This a Webinar Meeting. • Attendees are in listen-only mode. • Questions will be accepted during the webinar; please use the question box to submit your questions. • This session is being recorded and will be available on the TVA 2019 IRP website. • 2019 IRP website: www.tva.
Slide 4: Webinar Agenda
Webinar Agenda • Webinar Kick Off and Logistics • Welcome and Meeting Purpose • About the 2019 Integrated Resource Planning Study and Where we are with the study project • Overview of NEPA Process and Environmental Impact Statement and overview of Public Scoping Comments Received • Clarifying Questi
Slide 5: Welcome & Meeting Purpose
Welcome & Meeting Purpose Laura Campbell Vice President, TVA Enterprise Planning
Slide 6: TVA's Integrated Resource Plan
TVA’s Integrated Resource Plan The IRP is a study of how TVA could meet customer demands across a variety of future environments A programmatic Environmental Impact Statement (EIS) accompanies the IRP to analyze the impacts associated with an updated IRP to the Valley. | 6
Slide 7: Utility Marketplace is Changing Rapidly
Utility Marketplace is Changing Rapidly An updated Integrated Resource Plan is needed: • Proactively plan for the future • Inform next long-range financial plan • How might TVA continue to: ‒ Provide low-cost, reliable electricity ‒ Support environmental stewardship ‒ Spur economic development | 7
Slide 8: About the 2019 IRP and Project Update
About the 2019 IRP and Project Update Brian Child Enterprise Planning
Slide 9: Integrated Resource Planning
Integrated Resource Planning • Collaboration with stakeholders to envision the generation needs of the future • Based on least-cost planning foundation • Provides foundation for developing long-range financial plans • Considers a number of potential futures to help predict changes in the The IRP fun
Slide 10: Our Current Portfolio
Our Current Portfolio Hydro Nuclear Renewables EEDR Gas Coal 4,200 MW 7,800 MW 1,200 MW wind 1,300 MW 5,800 MW CT 8,400 MW conventional avoided and diesels 130 MW utility- capacity 1,600 MW scale solar 8,100 MW CC pumped storage 250 MW programmatic solar/biomass Approximately 42 percent of TVA’s cap
Slide 11: TVA's Carbon Story
TVA‘s Carbon Story ie TVA BY 2021 (CO, k= RATE 020 REDUCTIONS ‘Suen “delivered carbon rate (lbs CO,/MWh) INTEGRATED Resource Plan 2019 | 11 TVA
Slide 12: Goals for an Optimal Resource Plan
Goals for an Optimal Resource Plan Environmentally Low Cost Risk Informed Responsible Reliable Diverse Flexible | 12
Slide 13: How the Resource Planning Process Works
How the Resource Planning Process Works | 13
Slide 14: Integrated Resource Plans
INTEGRATED? Resource Plans {A Distributed (= mi : dk ENERGY EFFICIENCY a& &, Renewables as selectable resources Balanced PORTFOLIO 12011 12019 INTEGRATED Resource Plan 2019 | 4 12015
Slide 15: 2019 IRP Focus Areas
2019 IRP Focus Areas • Distributed Energy Resources • System flexibility • Portfolio diversity | 15
Slide 16: IRP is a public process – stakeholder engagement is important
IRP is a public process – stakeholder engagement is important • IRP Working Group • Regional Energy Resource Council • Public meetings, webinars, listening sessions | 16
Slide 17: 2019 IRP Working Group Sectors
2019 IRP Working Group Sectors Valley At Large: Customer Representatives: Energy and Local Power Companies Environmental organizations Customer Trade Organizations DER / research/ academia Industrial customers State Government Economic Development Community / Sustainability interests
Slide 18: Current Focus: Develop Inputs & Framework
Current Focus: Develop Inputs & Framework Scenarios Strategies Outside TVA’s Control Within TVA’s Control • Describe potential outcomes of factors • Test various business options within TVA’s (uncertainties) outside of TVA’s control control • Represent possible conditions and are not • Defined by a
Slide 19: 2015 IRP Scenarios
2015 IRP Scenarios Scenarios Description Current Outlook Current outlook for the future TVA is using for resource planning studies Stagnant economy results in flat to negative growth, delaying the need for Stagnant Economy new generation Rapid economic growth translates into higher than forecasted e
Slide 20: 2015 IRP Strategies
2015 IRP Strategies Strategies Description “Traditional” Least Cost • All resource options available for selection; traditional utility “least cost optimization” case Planning • Resources selected to create lower emitting portfolio instead of focusing only on a traditional least cost approach Meet a
Slide 21: 2019 IRP Schedule: Schedule & Milestones
2019 IRP Schedule: Schedule & Milestones The 2019 IRP Study Approach is intended to ensure transparency & enable stakeholder involvement Winter/Spring Spring Summer/Fall Winter/Spring Spring/Summer Summer 2018 2018 2018 2019 2019 2019 Identify Develop Inputs Analyze & Present Initial Incorporate Sco
Slide 22: IRP Programmatic Environmental Impact Statement (EIS) and Public Scoping Summary
IRP Programmatic Environmental Impact Statement (EIS) and Public Scoping Summary Ashley Pilakowski NEPA Program
Slide 23: IRP Environmental Impact Statement - Purpose and Approach
IRP Environmental Impact Statement - Purpose and Approach • Determine environmental impacts system-wide • Inform decision makers of potential impacts • Provide public involvement | 23
Slide 24: The Purpose of Public Scoping
The Purpose of Public Scoping Scoping is a process to help define how the IRP study will be done with help from the general public, TVA customers, organizations and agencies. Topics included: • An overview of the IRP Process • Schedule for 2019 IRP study • Overview of the environmental impact assess
Slide 25: 2019 IRP Public Scoping: Effort and Responses
2019 IRP Public Scoping: Effort and Responses Scoping period: 2/15/2018 to 04/16/2018 7 media outlets 2,500 scoping notices 3 meetings Efforts 120 attendees 87 scoping comments received Responses | 25
Slide 26: Major themes
Major themes Encouragement of clean energy initiatives, renewable energy, R&D on DERs Call for special attention to environmental justice/ affected environment analyses on impacts to limited income households General interest in energy efficiency measures and energy storage alternatives General inpu
Slide 27: Next Steps
Next Steps • TVA is compiling a report summarizing the scoping input. • The scoping report will describe how TVA is responding to scoping input during the development of the IRP and the EIS. • The scoping report will also describe scenarios, strategies, and energy resources being carried forward in
Slide 28: Clarifying Questions
Clarifying Questions • Use the ‘Question’ area of the webinar toolbar to ask clarifying questions | 28
Slide 29: Wrap Up
Wrap Up Brian Child Enterprise Planning
Slide 30: Opportunities to Stay Involved
Opportunities to Stay Involved • Quarterly Public Update Webinars • TVA Website www.tva.com/irp • Make comments on the Draft IRP and Draft EIS, expected to be available in early 2019 | 30
Slide 31: How You Can Stay Up to Date
How You Can Stay Up to Date • Visit www.tva.com/irp for current information and content • While there, sign up for the email list to receive updates | 31
Slide 32: www.tva.com/irp
For more information: www.tva.com/irp | 32
Slide 33: Integrated Resource Plan 2019 TVA
INTEGRATED Resource Plan 2019 TVA
Tennessee Valley Authority — Corporate Update (May 2018) on 6ix