Nrg Energy, Inc. · NYSE:NRG
Nrg Energy — Investor Presentation (November 2017)
8 slides from Nrg Energy's investor presentation, Nov 30, 2017
Slide 1: Heritage Foundation Energy Policy Discussion
Heritage Foundation Energy Policy Discussion David R. Hill November 30 th 2017
Slide 2: Diagnosing Today's Energy Markets
Diagnosing Today’s Energy Markets The Problems: 1. Benefits of Competition are Not Reaching Customers: Despite record low wholesale prices, consumers still see high retail bills. Monopolists are replacing market savings with new taxes & fees. 2. Market Rules are Falling Behind: New pricing too
Slide 3: Benefits of Competition Not Reaching Consumers
Benefits of Competition Not Reaching Consumers Consumer retail electric rates increase …with over $80 Billion of additional non- while wholesale prices fall to record lows… competitive fees and taxes coming! 19 14 18 12 17 10 16 ¢\kilowatthour ¢\kilowatthour 8 15 14 6 $11 billion in state subsidies
Slide 4: Competition Protects Consumers
Competition Protects Consumers TEXAS GEORGIA Market: Competitive Market: Monopoly Plant: South Texas Project Plant: Vogtle NRC Approval: Sep. 2007 NRC Approval: Aug. 2009 Cost to date: $481 M Cost to date: $16 B (and counting) Outcome: Cancelled in 2011 Outcome: Ongoing Consequ
Slide 5: Conservatives Need a Coherent Message
Conservatives Need a Coherent Message Liberal Energy Policy: Conservative Energy Policy: Energy Dominance Reliability & Resiliency Climate Change vs. National Security Free Market Competition & Renewables No Clean Power Plan Affordability Coal Jobs © [2 0 17] N RG Energy, I nc. A ll rights reserved.
Slide 6: Fixing Today's Energy Markets
Fixing Today’s Energy Markets The Treatment: Conservatives should adhere to three competitive principles: 1. Pricing should be competitive and fuel-neutral; 2. Markets should identify and price desirable attributes; and 3. Policies should be achieved via competitive wholesale markets. © [2 0 17] N R
Slide 7: FERC Role in Saving Electricity Markets
FERC Role in Saving Electricity Markets President Obama-era FERC did not prioritize competitive market outcomes: • Refused to address generator bailouts – now including nuclear bailouts – that threaten Sitting at FERC competition; since 2013 • Failed to advance energy market improvements; Sitting at
Slide 8: Our Recommendation on DOE Resiliency NOPR
Our Recommendation on DOE Resiliency NOPR 1. Immediate Improvements to Capacity Markets FERC should take action in dockets pending for multiple years to apply price floor (known as the Minimum Offer Price Rule, or MOPR) to subsidized resources Eliminate special treatment for renewables in the Ne