Xcel Energy Club20 Energy Committee March 15, 2019 Presented by: Kelly Flenniken, Area Manager
Our Vision, Mission and Values OUR VISION OUR MISSION We will be the preferred We provide our customers the safe, clean, and trusted provider reliable energy services they want and of the energy our customers need. value at a competitive price. OUR VALUES We are: TRUSTWORTHY CONNECTED SAFE COMMITTED 2
Xcel Energy Serving eight states • 3.6 million electricity customers • 2 million natural gas customers Nationally recognized leader: • Wind energy • Energy efficiency • Carbon emissions reductions • Innovative technology • Storm restoration
Xcel Energy Priorities
Our Carbon Vision Job #1 Protect Advance Reduce Cost and Technology Carbon Reliability Shared Objectives
A cleaner energy mix Increasing renewable and carbon-free share 6
Preferred Colorado Energy Plan Portfolio
How We Plan to Get There 2030 Goal: 80% Reduction 2050 Aspiration: Carbon Free Four Common Elements: • We will need clean technologies that can be dispatched to integrate high • Investing in wind and solar under our levels of wind and solar, balancing Steel for Fuel growth strategy and the peaks when customer use offering customers more renewable exceeds renewable generation and energy options valleys when renewable generation • Helping customers manage their exceeds customer use. energy usage and bills through • There needs to be significant efficiency and rebate programs research and development in new • Maintaining our carbon-free nuclear carbon-free dispatchable plants in the Upper Midwest technologies, flexible demand and • Transforming the energy grid by long-duration energy storage – all retiring or reducing the operation of technologies that are not yet aging coal plants and replacing their commercially available at the cost energy with flexible natural gas, and scale needed. renewables and advanced technologies 8
Community Energy & Carbon Goals Carbon Reduction Goals Renewable Energy Goals Minnesota Minnesota Mahtomedi 100% by 2050 100% by 2022 for municipal facilities Minneapolis 100% by 2030 community-wide Edina 30% by 2025 100% by 2030 St Louis Park Minneapolis 80% by 2050 80% by 2018 St. Cloud Saint Paul 100% by 2050 Wisconsin Eden Prairie 80% by 2050 100% by 2050 Eau Claire Saint Louis Park 100% by 2040 25% by 2025 La Crosse Red Wing 25% reduction Colorado 100% by 2030 Winona 100% by 2050 Boulder Wisconsin 100% by 2025 for municipal facilities Breckenridge 100% by 2035 community-wide Eau Claire 100% by 2050 100% by 2030 Denver Colorado 20% by 2020 Fort Collins 100% by 2030 Boulder 80% by 2050 Lafayette 45% by 2025 Lakewood Denver 80% by2050 100% by 2030 Longmont Englewood 12% by 2030 100% by 2020 for municipal facilities Nederland Fort Collins 100% by 2050 100% by 2025 community-wide Lafayette 80% by 2050 35% by 2020 Garfield County 100% county-wide by 2035 Lakewood 50% by 2050 Pueblo County 100% community-wide by 2035 Summit County Garfield County 100% by 2040 10
Industry-Leading Carbon Reductions AFFORDABILITY 100% 80% 35% REDUCTION REDUCTION REDUCTION 2017 2030 2050 RELIABILITY 11
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