Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Corporate Update (May 2012)
18 slides from Xcel Energy's corporate update, May 2012
Slide 1: Solar*Rewards Community Introduction
Solar*Rewards Community Introduction May 2012
Slide 2: Agenda
Agenda ► Program overview ► Definition of roles ► How it works ► Application process details ► Questions
Slide 3: Program Overview
Program Overview ► Solar*Rewards Community (SRC) was designed to provide more customers with the opportunity to purchase renewable energy ► 6 MW accepted each year (2011-2013) ►3 MW from standard offer (10-50 kW and 50.1- 500 kW) ►3 MW from large RFP offering (500.1 kW-2 MW) ► Performance-based ince
Slide 4: Definition of Roles
Definition of Roles ► Subscriber Organization ►Develops/owns a solar garden ►Manages application process ►Receives production incentives ►Sells/leases shares to subscribing customers ► Subscribing Customers ►Purchases/leases a share of a solar garden in their community ►Has direct relationship with
Slide 5: How It Works - REC Incentive
How It Works- REC Incentive ► For Subscriber Organizations ► Two components to payment: ► Subscribed energy payment= kWh production x REC price ► Unsubscribed energy payment= kWh production x average hourly incremental cost of energy ► Amounts calculated and added together to equal total incentive ►
Slide 6: How It Works - Standard Offer Application Process
How It Works- Standard Offer Application Process ► Submit Application Form for garden ► Access online application system ► Remit deposit and escrow fees ► $100 per kW ► Reserve place in queue ► Only first 3 MW will be excepted ► Complete application process ► 10 valid subscribers ► Various contracts
Slide 7: How It Works - RFP Process
How It Works- RFP Process ► RFP will be offered at the time of program opening ► Qualified projects submit a bid as detailed in the RFP document ► Bid evaluation is based on levelized REC costs ► Xcel can accept up to 3 MW of solar gardens
Slide 8: How It Works - Solar Garden Requirements
How It Works- Solar Garden Requirements ► 5% of garden allocated to low income subscribers ► No single subscriber can be allocated more than 40% of garden capacity ► Minimum of 10 subscribers ► Minimum subscriber allocation is 1 kW (low income excluded) ► 1 year to complete installation ► Service me
Slide 9: How It Works - Subscribing Customers
How It Works- Subscribing Customers ► Can participate in up to 5 gardens ► Must be in same county as garden ► Total share in garden(s) can be no greater than 120% of their usage from previous 12 months ► Receive monthly production credit on bill ►Expressed in dollars ►= customer’s share of garden kW
Slide 10: Apply for Access to Application System
Application Process Details- Apply for Access to Application System ► Complete Application Form (accessible from Xcel Energy website) ► Within 2 days you will receive a user name and password to access the application system Required Details for Application Form: •Subscriber Organization Name and Ad
Slide 11: Step 1: Initial Application and Deposit/Escrow
Application Process Details- Step 1: Initial Application and Deposit/Escrow ► Login to the application system with user name and password provided to you via email ► Download Deposit Form and Escrow Form ► Upload forms and submit payment within 5 business days ► Wait for receipt via email ► REC pric
Slide 12: Step 2: Subscriber Validation
Application Process Details- Step 2: Subscriber Validation ► Send in Data Privacy Form for each subscriber ► Enter 10 valid subscribers (30 days to complete) ► Download Subscriber Agency Agreement for each subscriber ► Upload completed Subscriber Agency Agreements ► Upload State of Colorado Certific
Slide 13: Step 3: Engineering Review
Application Process Details- Step 3: Engineering Review ► Upload line diagram, site plan and Small Generation Interconnection Application ► Xcel engineering and metering teams will review the documents ► Xcel will contact you if changes are requested ► Wait for email approval
Slide 14: Step 4: Documents & Contract Submission
Application Process Details- Step 4: Documents & Contract Submission ► Download Reservation Letter, Interconnection Agreement, and Solar*Rewards Community Contract ► Upload completed forms, along with the invoice, proof of insurance, and final inspection ► Email the production meter phone number to
Slide 15: Step 5: Application Completion
Application Process Details- Step 5: Application Completion ► You will be notified via email that your application is complete ► Must have 5% low income allocated at this time ► When your solar garden begins producing energy, your application will automatically move to Step 6: Active
Slide 16: Step 6: Active
Application Process Details- Step 6: Active ► Subscriber Org receives monthly REC payments ► Subscribing Customers receive monthly bill credit ► Garden maintenance: ►Add/remove subscribers ►Must comply with previously mentioned program requirement ►Minimum 10 subscribers ►40% rule for single subscri
Slide 17: Program Status
Program Status ► Waiting on PUC final decision on 2012 RES Compliance Plan ► May 24th Commission deliberations ► Final order issues ~1-2 weeks later ► Rehearing request can be filed up to 20 days after ► If Rehearing Request Filed, decision ~ 1-4 weeks later
Slide 18: Questions?
Questions? ► You can contact me at: Jaclyn Webb Solar*Rewards Community Program Manager Jaclyn.webb@xcelenergy.com 303-294-2633