Xcel Energys Clean Energy Future

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Xcel Energys Clean Energy Future

• Dick Kelly
• Chairman, President and CEO
• February 11, 2008
• Colorado Rural Electric Association

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Northern States Power Company- Minnesota
Northern States Power Company- Wisconsin
Public Service Company of Colorado
Electric Customers 3.3 million Gas
Customers 1.8 million In Colorado Electric
Customers 1.32 million Gas Customers
1.26 million Generating Capacity 7816 MW
Southwestern Public Service
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Xcel Energys Approach to Environmental Leadership

• Recognize we make an impact
• Believe environmental stewardship is good
  business
• Make environmental investments attractive

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Xcel Energys Environmental Leadership

• Number 1 wind power provider
• Largest green-pricing program
• Industry leading conservation programs
• One of largest photovoltaic solar systems 8.2
  megawatts
• SolarRewards 25 megawatts by end of 2008
• Voluntary emissions reductions
• Member of

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Federal Clean Energy Policies

• Regulation on the horizon
• Cap Trade
• Clean Energy Portfolio Standard
• Flexible
• Every action rewarded
• The Climate Registry
• Measure and report greenhouse gas emissions (GHG)
• Common, accurate, consistent reporting
• Proactive step toward shaping our future

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Colorado Clean Energy Policies

• Voter-approved Amendment 37
• 10 renewables by 2015
• HB 07-1281
• 20 renewables by 2020
• Governor Ritters Clean Energy Economy
• 20 decrease in carbon emissions by 2020

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Colorados Energy Needsare Growing
Up 57
In the last decade
Up 19
Up 15
Electric Use per Customer
Number of Customers
Peak Demand
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Colorado Resource Plan

• Filed on November 15
• Energy resources needed through 2015
• Three goals
• Meet customer demands for reliable electricity
• Keep energy prices reasonable
• Reduce environmental impacts
• Strong focus on reducing greenhouse gas emissions

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Resource Plan Components

• Wind power
• Solar power
• On-site solar
• Energy efficiency
• Natural gas
• Plant retirements

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Wind Power

• Increase wind power resources by 800 megawatts by
  2015
• Bringing total to 1,800 megawatts in Colorado

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Solar Power

• Efficient, utility-scale solar power
• Acquire 25 megawatts from a central solar power
  plant
• 200 additional megawatts as technology develops

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On-Site Solar

• 29 megawatts on-site solar
• Customer-owned
• SolarRewards program

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Energy Efficiency

• Demand Side Management
• Double capacity to 694 megawatts
• Triple annual energy sales reductions to 2,350
  gigawatt-hours

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Natural Gas

• 800 megawatts additional natural gas generation
• Competitive RFP

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Plant Retirements

• Retire two smaller coal-burning plants and one
  inefficient natural gas plant
• Arapahoe Generating Station (Denver)
• Zuni Generating Station (Denver)
• Cameo Generating Station (Mesa County)
• Reduce carbon dioxide emissions by 1.4 million
  tons per year
• Replace the four coal units with one highly
  efficient natural gas facility

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Renewable Energy Standard

• Current requirement is 20 by 2020
• Meet the goal by 2015
• Filed Renewable Energy Standard Compliance Plan
  on Nov. 23
• Renewable Energy Standard Adjustment (RESA)
• 2 percent retail rate cap

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Conclusions

• Policy makers are focusing on environment
• Xcel Energy is staying ahead of the trend
• We will continue
• to meet customer needs for energy
• to maintain reasonable rates
• to be an environmental leader

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Questions?