Tennessee Valley Authority · NYSE:TVC
Tennessee Valley Authority — Corporate Update (September 2018)
35 slides from Tennessee Valley Authority's corporate update, Sep 10, 2018
Slide 1: 2019 Integrated Resource Plan
2019 INTEGRATED RESOURCE PLAN Quarterly Public Update Webinar September 10, 2018
Slide 2: Resource Plan
Resource Plan
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 • Welcome and Meeting Purpose • Overview of the 2019 Integrated Resource Plan and current status • Scenarios and Strategies being considered in the IRP • About Resource Technologies • Update on the NEPA process • How to stay up to date on the 2019 IRP • Clarifying Questions from Audie
Slide 5: Welcome & Meeting Purpose
Welcome & Meeting Purpose Laura Campbell Vice President, Enterprise Planning
Slide 6: TVA's Integrated Resource Plan
TVA’s Integrated Resource Plan The IRP is a comprehensive study that provides direction on how to best meet future electricity demand. A programmatic Environmental Impact Statement (EIS) accompanies the IRP to analyze the impacts associated with an updated IRP to the Valley. 6
Slide 7: About the 2019 IRP and Project Update
About the 2019 IRP and Project Update Hunter Hydas Enterprise Planning
Slide 8: Integrated Resource Planning
Integrated Resource Planning • Collaborate with stakeholders to envision the power generation needs of the future • Determine how TVA can continue to provide low-cost, reliable electricity; support environmental stewardship; and spur economic development • Inform the company’s next long range The IR
Slide 9: 2019 IRP Focus Areas
2019 IRP Focus Areas • System flexibility • Distributed Energy Resources • Portfolio diversity 9
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Slide 11: Goals for an Optimal Resource Plan
Goals for an Optimal Resource Plan Environmentally Low Cost Risk Informed Responsible Reliable Diverse Flexible 11
Slide 12: 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 Sc
Slide 13: Integrated Resource Planning Process
Integrated Resource Planning Process 13
Slide 14: Planned Scenarios & Strategies
Planned Scenarios & Strategies Scenarios Strategies 1. Current Outlook A. Base Case 2. Economic Turndown B. Promote DER 3. Valley Load Growth C. Promote Resiliency 4. Decarbonization D. Promote Efficient Energy Usage 5. Rapid DER Adoption E. Promote Renewables 6. No Nuclear Extensions 14
Slide 15: IRP Comparison
IRP Comparison 2015 IRP Energy (TWh) 2019 IRP Energy (TWh) 1 Current 2 Downturn 3 Growth 1 Current Outlook 2 Stagnant Economy 4 Decarb 5 DER 3 Growth Economy 4 De-carbonized Future 250 250 5 Distributed Marketplace 200 200 150 150 100 100 In the 2015 IRP, all of the scenarios had 50 The 2019 Note: I
Slide 16: Framework Informs Portfolio Optimization
Framework Informs Portfolio Optimization 16
Slide 17: Planning for an Evolving System
Planning for an Evolving System Winter Peaking Demand Updated reserve margins support reliability in both winter and summer and with more renewables on the system More Renewable Resources Integration cost recognizes the costs driven by integrating intermittent resources onto the system Increasing Ne
Slide 18: Resource Options Are Offered for Selection
Resource Options Are Offered for Selection 18
Slide 19: Resource Planning for Future Capacity Needs
Resource Planning for Future Capacity Needs Capacity Gap Chart A projection of customer demand increased by a reserve margin – known as firm requirements 45,000 40,000 35,000 Portfolio Options • Retired Nuclear 30,000 • Retired Coal 25,000 • Retired Gas A projection of available system capacity • Nu
Slide 20: Wide Variety of Resource Options to Consider
Wide Variety of Resource Options to Consider Supply Side Demand Side (Utility Scale) (Distributed Generation) Conventional Power Plants Renewable Resources Distributed Energy Resources Resource options are screened based on multiple criteria: • Technological viability and maturity • Economic (based
Slide 21: Resources Have Different Characteristics
Resources Have Different Characteristics Summer Day Load Shape Total Available Capacity > Peak Load Peaking Resources (reflects required reserve margin) • Highest operating costs • Designed for use only when loads are highest and other resources already committed Intermediate Resources • Moderate op
Slide 22: Mature and Emerging Options Will Be Modeled
Mature and Emerging Options Will Be Modeled Tabulation of resources by duty cycle and maturity MATURE EMERGING DEVELOPMENTAL Coal: Pulverized Coal Coal: Pulverized Nuclear: Small SMRs will be modeled to enable Nuclear: Baseload Nuclear: BWR, Coal with CCS Modular Reactors sensitivity in Nuclear scen
Slide 23: Retirement Options
Retirement Options Total costs can be reduced in low load scenarios or when replacement resources are more economic than the ongoing costs of existing resources. It is important that accurate ongoing costs, demolition/closure costs, and transmission upgrades required to retire resources are consider
Slide 24: Update on the NEPA Process
Update on the NEPA Process Ashley Pilakowski, NEPA Specialist
Slide 25: IRP Environmental Impact Statement - Purpose and Approach
| 25 IRP Environmental Impact Statement - Purpose and Approach • Determine environmental impacts system-wide • Inform decision makers of potential impacts • Provide public involvement 25
Slide 26: EIS Process
EIS Process Public Issue Public Prepare Prepare Issue Final Review Record of Scoping ** Draft EIS Draft EIS ** Final EIS EIS Decision Winter/Spring Summer/Fall Winter/Spring Spring/Summer Summer Summer 2018 2018 2019 2019 2019 2019 (** indicates timing of Valley-wide public meetings) 26
Slide 27: 2019 IRP Public Scoping Report
2019 IRP Public Scoping Report Scoping period: 2/15/2018 to 04/16/2018 2019 IRP SCOPING REPORT NOW AVAILABLE AT www.tva.com/irp 27
Slide 28: Major Themes: Scope of EIS
Major Themes: Scope of EIS Cumulative effects of generating facilities on wildlife, listed species, and water resources Call for special attention to environmental justice/ affected environment analyses on impacts to limited income households General comments on best practices for future evaluations
Slide 29: Upcoming IRP Public Outreach
Upcoming IRP Public Outreach Summer 2018 Spring Fall/ 2019 Spring Winter Summer 2018 2018 2019 Video about IRP process Videos about portfolio options Monthly: Monthly: Public meeting series Social media updates Video of preferred portfolio FAQs posted on website Social media updates Launch of online
Slide 30: Question and Answer Session
1M Question and Answer Session
Slide 31: Clarifying Questions
Clarifying Questions • Use the ‘Question’ area of the webinar toolbar to ask clarifying questions 31
Slide 32: Wrap Up
Wrap Up Hunter Hydas Enterprise Planning
Slide 33: Upcoming IRP Public Outreach
Upcoming IRP Public Outreach Summer 2018 Spring Fall/ 2019 Spring Winter Summer 2018 2018 2019 Video about IRP process Videos about portfolio options Monthly: Monthly: Public meeting series Social media updates Video of preferred portfolio FAQs posted on website Social media updates Launch of online
Slide 34: 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. 34
Slide 35: Integrated Resource Plan 2019
INTEGRATED Resource Plan 2019
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