A N N U A L R E P O R T 2 0 1 7

E N E R G Y & C L I M AT E M E E T I N G V E R M O N T ’ S 2 0 2 5 G O A L S

G E T T I N G T O

Together,we can do this.

EAN brings aNETWORK

approach to creating a clean, affordable, and secure

energy future through

EFFICIENCYand RENEWABLES.

P. 3

ENERGY ACTION NETWORK

Mission and Approach…………………..……………………………..…………....4

EAN Timeline...…………………..……………………………..…………...................5

Who We Are (Member List)..…………………..…………………………….... 6

Executive Director & Board Chair Letter.………………..………………8

Vermont’s Energy & Climate Goals…………………..………………….... 9

VT Energy & Climate Summit…………………..……………………………...10

Energy & Climate - Bending the Curve…………………..……………...12

HIGH IMPACT DRIVERS TO 2025

Transportation...…………………..……………………………..…………...............14

Thermal...…………………..……………………………..…………............................16

Electricity...…………………..……………………………..………….........................18

VT’s Renewable Energy Standard...…………………..…………………..20

25% BY 2025 - WHAT DOES IT DO FOR VERMONT?

Good for Business...…………………..……………………………..………….......22

Reducing the Energy Burden...…………………..…………………………..24

TRACKING PROGRESS

VT Community Energy Dashboard - Local Action...…………..26

Vermont Energy & Climate Milestones Chart.........…………......28

VT Statutory Energy Targets and 2017 Status...………………….30

Societal Benefits Beyond Energy & Climate..………………………..31

EAN FUNDING & GOVERNANCE

EAN Funding and Financial Sustainability...…………………..…….32

Board of Directors and Staff...…………………..…………………………….33

P. 5

MISSIONTo end Vermont’s reliance on fossil fuels and to create clean, affordable, and secure electric, heating,

and transportation systems for the 21st century.

SHARED GOALTo meet 90% of Vermont’s energy needs through renewable energy and increased efficiency by 2050,

consistent with the State’s Comprehensive Energy Plan.

LEVERAGE POINTSTo achieve our collective goals,

EAN’s work is focused on four

key leverage points needed to

transform Vermont’s energy

systems:

Public Engagement

Technology Innovation

Regulatory Reform

Capital Mobilization

COLLECTIVE IMPACTEAN’s membership has grown significantly since its founding - from nearly 50 original members to

over 200 today, reaching ever-broader circles of participants across Vermont’s energy system.

APPROACH

DIVERSE MEMBERSHIPEAN’s members recognize that

achieving our goals will require

more than the capacity of

individual organizations, businesses,

or public agencies. Changing large

complex systems requires a network

approach to harness the power

of individual efforts into a

leveraged whole.

BACKBONE SUPPORTEAN provides backbone support

to all network members by

tracking Vermont’s progress

towards its energy goals,

conducting analysis on Vermont’s

energy systems, convening

leverage point work groups, and

supporting on-the-ground

energy action.

WE CAN DO THIS...TOGETHER!

RegulatoryReform

CapitalMobilization

PublicEngagement

TechnologyInnovation

Shared Framework & Information

Energy Action Network

2009CONVENED FIRST CIRCLE OF FOUNDING MEMBERS

Agreed on Need to Accelerate Vermont’s Transition to a Sustainable Energy FutureMapped Vermont’s Energy System & Shared Values

Identified Need for a Network Approach to Generate Systemic Change

2010-2011INFORMED VERMONT’S COMPREHENSIVE ENERGY PLAN (2011)

Convened Second, Larger Member Circle

Defined Total Energy Needs (Electricity, Thermal, and Transportation)

Established Joint Goal: 80% Renewable by 2030

IDENTIFIED FOUR KEY LEVERAGE POINTS TO CATALYZE ENERGY TRANSITION:

Capital Mobilization, Public Engagement, Technology Innovation, and Regulatory Reform

Established EAN as a Non-Profit to Provide Backbone Support to the Network

2012-2016IMPLEMENTED LEVERAGE POINT WORK GROUPS & PROJECTS

Conducted Total Energy Pathways Analysis

Defined Decade Milestones

Informed 2016 Comprehensive Energy Plan

Piloted the VT Community Energy Dashboard

Launched Clean Energy Finance Collaborative

Expanded Membership

2017FOCUSED ON ENERGY & CLIMATE POLICY AND LOCAL ACTION

Provided Training and Support to 45 VT Communities on Using the VT Community Energy Dashboard

Supported Regional and Town Energy Plan Development

Clean Energy Finance Collaborative Institutionalized at the Public Service Department

Launched Pollinator-Friendly Solar Initiative

Organized Vermont’s First Energy & Climate Summit: Meeting Vermont’s 2025 Goals

EAN Timeline

Who We Are

P. 7

EAN consists of over 200 active members and partners representing non-profits, utilities, business, finance, policymakers, and higher education.

All members are committed to achieving Vermont’s 90% by 2050 goal and to actively participating in EAN convenings.

BUSINESS AND FINANCE

3E Thermal - Scott Campbell

Bee the Change - Mike Kiernan

Biomass Energy Resource Center (BERC) - Adam Sherman

Bourne’s Energy - Peter Bourne

Butternut Mountain Farm - David Marvin, Ira Marvin, Emma Marvin

Casella - Joe Fusco

Catalyst Financial - Bob Barton, Marianne Barton

Catamount Solar - Dan Kinney, Kevin McCollister

Coalition for Green Capital - Andrea Colnes

Dynapower - Adam Knudsen, Richard Morin

Encore - Chad Farrell, Phillip Foy, Derek Moretz, Chad Nichols

Energy Co-op of Vermont - John Quinney, Brian Gray

Energy Futures Group (EFG) - Richard Faesy, Chris Kramer, Dan Mellinger, Gabrielle Stebbins

Forward Thinking - Jeff Forward

Fresh Tracks Capital - Cairn Cross, Lee Bouyea

Gardener’s Supply - Jim Feinson

Grassroots Solar - Bill Laberge

Green Lantern Group - Luke Shullenberger, Bill Miller, Sam Carlson, Ralph Meima

L.W. Seddon, LLC - Leigh Seddon

Maclay Architects - Bill Maclay

National Life Group - Tim Shea

Norwich Solar Technologies - Jim Merriam

Packetized Energy - Scott Johnstone

Pellergy - Andy Boutin

Pomerleau Real Estate - Ernie Pomerleau

Rath Young and Pignatelli, P.C. - Mary Peterson

Regulatory Assistance Project (RAP) - Rick Weston

Seventh Generation - Ashley Orgain

Suncommon - James Moore, Duane Peterson

SunRun - Nathan Wyeth

Sunwood Biomass - David Frank

Union Mutual Insurance - Michael Nobles

Vanesse Hangen Brustlin, Inc (VHB) - Carla Fenner

Vermont Economic Development Authority (VEDA) - Jo Bradley

Vermont Wood Pellet Co. - Chris Brooks

VSECU - Rob Miller, Laurie Fielder

PUBLIC PARTNERS

LOCALLegislators: over 20 House and Senate members

Town Energy Committees: over 45 TECs from across Vermont

Cities: Burlington (Mayor Miro Weinberger), Montpelier (Mayor John Hollar), South Burlington (Paul Conner, Director of Sustainability)

REGIONAL Regional Development Corporations - Adam Grinold (Brattleboro Development Credit Corporation), Dave Snedeker, Alison Low (Northern Vermont Development Association)

Regional Planning Commissions - Adam Lougee (Addison), Dee Gish and Peter Gregory (Two Rivers Ottauquechee), Jim Sullivan (Bennington County), Melanie Needle and Charlie Baker (Chittenden), Catherine Dimitruck (Northwest), Dave Snedeker and Alison Low (Northern Vermont Development Association), Chris Campany (Windham), Bonnie Waninger (Central Vermont)

STATEAgency of Agriculture, Food and Markets - Anson Tebbetts, Diane Bothfeld

Agency of Commerce and Community Development - Michael Schirling, Ted Brady

Agency of Natural Resources - Julie Moore, Peter Walke

Agency of Transportation - Joe Flynn

Dept of Buildings and General Services - Chris Cole

Dept of Environmental Conservation - Emily Boedecker, Rebecca Ellis

Dept of Financial Regulation - Michael Pieciak

Dept of Forests, Parks and Recreation - Michael Snyder, Sam Lincoln

Dept of Public Service - June Tierney, Riley Allen

Vermont Housing and Conservation Board - Gus Seelig, Jen Hollar

Vermont State Treasurer - Beth Pearce

FEDERALOffice of Congressman Peter Welch - George Twigg

Office of Senator Bernie Sanders - Haley Pero

Office of Senator Patrick Leahy - Tom Berry, Chris Saunders

USDA Rural Development, VT/NH Office - Jon-Michael Muise, Ben Doyle

NON-PROFITS

Associated Industries of Vermont (AIV) - William Sayre

Audubon Vermont - Jim Shallow

Capstone Community Action - Dan Hoxworth, Paul Zabriskie

Center for an Agricultural Economy (CAE) - Sarah Waring

Champlain Valley Office of Economic Opportunity (CVOEO) - Dwight DeCoster

Drive Electric Vermont (DEV) - David Roberts

Fairbanks Museum - Adam Kane

Fresh Energy (Minnesota) - Rob Davis

Intervale Center - Travis Marcotte

Lake Champlain Regional Chamber of Commerce - Tom Torti, Catherine Davis

LocalMotion - Jason Van Driesche, Ross Saxton

NeighborWorks of Western Vermont (NWWVT) - Ludy Biddle, Melanie Paskevich

New England Grassroots Environmental Fund (NEGEF) - Julia Dundorf, Leigh Cameron

Northern Forest Center - Rob Riley, Maura Adams, Joe Short

Renewable Energy Vermont (REV) - Olivia Campbell Andersen, Ansley Bloomer, Austin Davis

Shelburne Farms - Megan Camp

UVM Medical Center - Dawn LeBaron

Vermont Businesses for Social Responsibility (VBSR) Jane Campbell, Dan Barlow

Vermont Center for Geographic Information (VCGI) - John Adams

Vermont Climate and Health Alliance - Dan Quinlan

Vermont Council on Rural Development (VCRD) - Paul Costello, Jenna Koloski, Jon Copans, Margaret McCoy

Vermont Energy and Climate Action Network

(VECAN) - Johanna Miller, Ian Hitchcock

Vermont Energy Education Program (VEEP) - Cara Robechek, Andy Shapiro

Vermont Energy Investment Corporation (VEIC) - Jim Madej, Christine Donovan, David Hill, Damon Lane, Jennifer Wallace-Brodeur, Richard Donnelly, Mary Sprayregen, Peter Adamczyk, Justine Sears, Zoe Erdman

Vermont Interfaith Power and Light - Richard Hibbert

Vermont Land Trust - Nick Richardson

Vermont League of Cities and Towns (VLCT) - Karen Horn, Abby Friedman

Vermont Natural Resources Council (VNRC) - Brian Shupe, Johanna Miller, Kate McCarthy, Jamey Fidel

NON-PROFITS (CONT.)

Vermont Public Interest Research Group (VPIRG) - Paul Burns, Ben Walsh, Sarah Wolfe

Vermont Sustainable Jobs Fund (VSJF) - Ellen Kahler, Janice St Onge, Christine McGowan, Jake Claro, Geoff Robertson

Vital Communities - Tom Roberts, Sarah Brock, Bob Walker

UTILITIES

Burlington Electric Department - Neale Lunderville, Darren Springer, Mike Kanarick, Jennifer Green, Tom Lyle, Chris Burns

Efficiency Vermont (EVT) - Karen Glitman, Barry Hulce, Abby White, Paul Markowitz, Kelly Lucci

Green Mountain Power (GMP) - Mary Powell, Brian Otley, Robert Dostis, Kristin Carlson, Josh Castonguay

Hardwick Electric Department - Mary Westervelt

Vermont Electric Power Company (VELCO) - Tom Dunn, Kerrick Johnson, Deena Frankel, Mark Sciarotta

Vermont Electric Cooperative (VEC) - Christine Hallquist, Andrea Cohen

Vermont Gas - Don Rendall, Tom Murray

Vermont Public Power Supply Authority (VPPSA) - Ken Nolan, Melissa Bailey

Washington Electric Co-op (WEC) - Patty Richards

EDUCATION

Champlain College - Donald Laackman

Dartmouth College - Tuck School of Business - April Salas

Goddard College - Robert Kenney, Catherine Lowther

Middlebury College - Diane Munroe

Pace Law School Energy and Climate Center - Sam Swanson

University of Vermont (UVM) - Jon Erickson, Richard Watts, Amy Seidl, Abby Bleything

UVM Extension - Chuck Ross, Sidney Bosworth, Sarah Tichonuk

UVM Gund Institute - Taylor Ricketts, Deb Markowitz, Jeannine Valcour, Eric Zencey

Vermont Law School (VLS) - Thomas McHenry, David Mears, Michael Dworkin, Kevin Jones, Christa Shute

Vermont Technical College (VTC) - Pat Moulton

Energy & Climate

P. 9

What are Vermont’s energy and climate goals?ENERGY Vermont’s Comprehensive Energy Plan (CEP) sets a goal of meeting 90% of our energy needs

through efficiency and renewables by 2050. The first milestone is 25% renewable by 2025.1

CLIMATE Vermont joined a bipartisan coalition of states committed to upholding the Paris Climate Accord

with a 26-28% greenhouse gas (GHG) emissions reduction from 2005 levels by 2025. Vermont’s own

statutes are even more ambitious, with the goal of a 50% reduction from 1990 levels by 2028.

What will it take? Vermont’s energy future depends on all energy sectors - transportation, thermal, and electric - becoming more

efficient and renewably powered.

Between now and 2050, over 30% of our efforts to reach this goal will have to come from efficiency. Capturing

energy savings from more efficient building shells and conservation are key. But over half of the efficiency

gains will also have to come from switching from fossil fuels to more efficient renewable technologies, such as

electric-powered heat and transportation, and efficient wood heat.

WHERE ARE WE NOW? Vermont is currently at 20% renewable across

ALL energy sectors, with electricity making the

most progress (43% renewable).2 However the

transportation and thermal sectors are lagging far

behind at 5% and 20% renewable, respectively.

BENDING THE CURVE (2018-2025)Vermont is at a fork in the road. Business as usual is

insufficient to meet our first milestone. In the next 8

years, we need to accelerate our efforts and bend the

curve upward.

BUSINESS AS USUAL WILL NOT GET US TO 90% BY 2050(OR 25% BY 2025)

150

125

100

75

50

25

02020 2025 2030 2035 2040 2045 2050

TBTU

s

YEAR

BUSINESS AS USUAL

EFFICIENCY NON-RENEWABLE ENERGY RENEWABLE ENERGY 90% by 2050

TOTAL CONSUMPTION GOAL

100%

80%

60%

40%

20%

0

SHA

RE

OF

RE

NE

WA

BLE

EN

ER

GY

YEAR 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050

BUSINESS AS USUAL

WHAT WILL ITTAKE IN THE NEXT

8 YEARS?

20%IN 2017

25%IN 2025

BUSINESS AS USUAL WILL NOT GET US TO 90% BY 2050

EFFICIENCY

NON-RENEWABLE ENERGY

RENEWABLE ENERGY90% by 2050

1 The CEP sets a 25% renewable by 2025 goal without distinguishing between in-state and out-of-state energy, whereas VT Statute sets a goal of produc(ing) 25% of the energy consumed within the State through the use of renewable energy sources (by 2025). See page 28 for additional detail.2 This figure accounts for Renewable Energy Credits (RECs) and is based on source energy, which accounts for the efficiency losses incurred in converting fuel sources and bringing electricity to Vermont - especially from fossil-fuel sourced electricity imported from the region.

From EAN’s Executive Director and Board Chair

2017 was a year of transition and strategic refocus for the Energy Action Network (EAN). In March, EAN

welcomed its new Executive Director, Jared Duval. After five years of successful network and program

development under the leadership of Andrea Colnes, it was an opportune time to reflect and take stock of

Vermont’s energy progress, the state of our collaborative network, and how EAN can best support Vermont’s

renewable energy transition.

The unique value and power of EAN has always been our approach as a collective impact network. In 2017,

the Board and staff recommitted EAN to serving as a network steward – a backbone organization dedicated to

convening and engaging diverse energy stakeholders, tracking progress toward the state’s goal of 90% renewable

energy use by 2050, and analyzing the future pathways and policies to get us there.

In this year’s Annual Report you will not only find information on EAN’s 2017 activities but also key metrics on

where Vermont stands in relation to its energy and climate goals, particularly the fast-approaching 2025 energy

and climate milestones. We hope this Annual Report will serve as a resource and a guide to better understand

both where we are and how we can make more progress on our journey to a secure, equitable, and sustainable

energy future.

SOME OF THE HIGHLIGHTS OF EAN’S 2017 WORK INCLUDE:

JARED DUVALExecutive Director

LEIGH SEDDONBoard Chair

VERMONT ENERGY AND CLIMATE SUMMIT:On November 8th, EAN hosted the first annual Vermont Energy and Climate Summit with the Vermont

Climate Pledge Coalition (VCPC). Nearly 200 EAN and VCPC members attended along with the Governor,

many legislators, and members of the Vermont Climate Action Commission. The focus of the Summit was

on two interrelated 2025 goals: the Paris Climate Accord target (26-28% emissions reductions from 2005

levels by 2025) and the 25% renewable by 2025 milestone that is in Vermont statute and the Comprehensive

Energy Plan. In this annual report you will find a summary of EAN’s assessment of the key technology

“drivers” to reach these goals and strategic “Policy Pitches” also designed to help do so, submitted by

EAN members.

VERMONT COMMUNITY ENERGY DASHBOARD:The Vermont Community Energy Dashboard has come into its own as Vermont’s one-stop-shop for

energy information and resources. In 2017 the Dashboard attracted nearly 10,000 users, including Town

Energy Committees, Regional Planning Commissions, businesses, and individuals who collectively logged

13,000 energy actions, shared nearly 200 stories, and tracked progress toward energy and climate goals.

Thanks to VLITE, the Canaday Family Charitable Trust, USDA Rural Development, and the Harris & Frances

Block Foundation, over 45 Town Energy Committees received training or support in 2017.

In 2018, we will deepen our commitment to the collective impact network approach. To achieve the scale

and pace of progress that our energy and climate goals demand, it will take the commitment, creativity, and

collaboration of our entire Network. Together we can do this.

SUMMIT FOCUS: Energy and Climate Milestones in 2025.

P. 11

VT’s Energy & Climate Summit

EAN brought together nearly 200 leaders from across the private, public, legislative, and non-profit sectors at

Vermont’s first Energy & Climate Summit (November 8, 2017), in partnership with the Vermont Climate Pledge

Coalition. The Summit had four goals:

1. TRACK PROGRESS

Assess where Vermont stands now

in relation to our fast-approaching

2025 energy and climate goals

2. GENERATE POLICIESGenerate innovative policy “pitches”

across energy sectors that will help

Vermont meet its goals in ways that

most benefit Vermont and Vermonters

3. IDENTIFY KEY DRIVERSIdentify the top 10 technology drivers

to bend the curve and help meet our

goals

4. SHARE PLEDGESShare pledges to take action from

businesses, non-profits, municipalities,

and institutions as part of the Vermont

Climate Pledge Coalition

POLICY PITCHESEAN organized a call for policy “pitches.” From nearly

50 total submissions, 13 were selected to present in

person at the Summit. Selection criteria reflected

those of the Governor’s Climate Action Commission:

• IMPACT ON MEETING VT’S ENERGY & CLIMATE GOALS

• SPUR ECONOMIC ACTIVITY

• ADDRESS AFFORDABILITY

• LEAVE NO GROUP UNDULY BURDENED

A final report containing all pitches was presented

to the Vermont Climate Action Commission and the

Vermont Legislature.

FOR FULL INFORMATION, VISITeanvt.org/vt-energy-climate-summit-2017

TRANSPORTATIONCHARGE AHEAD VERMONT: EV TRANSFORMATION

BIG BUSES, BIG OPPORTUNITY (ELECTRIC BUSES)

CAP & INVEST - TRANSPORTATION

Dave Roberts, Drive Electric Vermont

Abby Bleything, Vermont Clean CitiesCoalition & Cara Robechek, Vermont Energy Education Program (on behalf of the Transportation for Vermont Coalition)

Mary Peterson, Tax Attorney; Dan Gatti, Union of Concerned Scientists

HOME GROWN RENEWABLEHEAT: STRATEGIES FORACHIEVING MULTIPLE BENEFITS(ADVANCED WOOD HEAT)

USING “FEEBATES” TO DRIVE CLEANER ENERGY CHOICES

RENEWABLE FUELS STANDARD

WARM HOME PROGRAM:WEATHERIZATION SURGE THROUGH BONDS

Ansley Bloomer, Renewable Energy Vermont; Maura Adams, Northern Forest Center

Richard Faesy, Energy Futures Group

John Quinney, Energy Co-op of Vermont

Neale Lunderville, Burlington Electric Department

SUSTAINABLE ENERGY FOR VT: OVERCOMING BARRIERS TO LOW INCOME ACCESS

HARNESSING ENERGY STORAGE FOR LOCAL CLEAN ENERGY, JOBS, AND GRID RESILIENCY

VERMONT CLIMATE ACTION COMMUNITIES

Christa Shute, Institute for Energy and the Environment, Vermont Law School

Nathan Wyeth, SunRun; Richard Morin, Dynapower

Abby Friedman, Vermont League of Cities and Towns

EMPHASIZE AND IMPROVE TIER III - ENERGY INNOVATION PROJECTS

HEAT AND TRANSPORTATION EFFICIENCY UTILITIES

THE ESSEX PLAN: AN ECONOMY STRENGTHENING STRATEGICENERGY EXCHANGE

Dan Mellinger, Energy Futures Group

Anne Watson, Montpelier City Councilor

Ashley Orgain, et. al., Seventh Generation and Friends

Energy & Climate Summit (2017) Policy Pitches

HEAT

ELECTRIC GENERATION, STORAGE, AND COMMUNITIES

TOTAL ENERGY

Energy & Climate: Bending the Curve

3 Governor Phil Scott joined the US Climate Alliance in June 2017, a coalition of governors committed to adhering to the Paris Accord GHG reduction goals.4 Vermont’s statute 10 V.S.A. 578 (a) (2005) calls on Vermont to reduce its GHG emissions within and from outside the State’s boundaries caused by the use of energy within the state by 50% by 2028, and if feasible by 75% by 2050.5 1 MMTCO2 is the equivalent of 216,000 gas-powered passenger cars not driven for a year.6 EAN calculations using 2017 Greenhouse Gas Emissions Report (VT Agency of Natural Resources). P. 13

Vermont joined a bipartisan coalition of states committed to adhering to the Paris Accord goals of reducing greenhouse gas emissions (GHG) 26-28% by 2025.3 In addition, Vermont has its own statutory goal that aims for further reductions.4

Progress means bending the curve to reverse recent trends that show an increase in GHG emissions (MMTCO2e - million metric tons of CO2 equivalent).5

2.45

28%

BUILDINGTHERMAL

1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050

10

8

6

4

2

0

MM

TC

O2e

HISTORICALEMISSIONS

Vermont missed its2012 statutory target ofa 25% reduction below

1990 levels. Emissionsincreased 4% instead.

VT CEP Goal(if 25% renewable energy by 2025target is met)

VT CEP Goal(80-95% GHGreduction below1990 levels)

VT GHG Statute(By 2028, 50%

reduction below1990 levels)

4.2

7.1

HISTORICAL EMISSIONS FROM VERMONT AGENCY OF NATURAL RESOURCES: CLIMATECHANGE.VERMONT.GOV

50%

40%

30%

20%

10%

03.66

TRANSPORT

42%

1.01AGRICULTURE

12%

0.81ELECTRIC

GENERATION

9%

0.59INDUSTRIALPROCESSES

7%

0.22WASTE

3%

ENERGY GENERATES80% OF VT’s GHGEMISSIONS

TOTAL = 8.75 MMTCO2e

(2013)

THE CLIMATE CONVERSATION IS AN ENERGY CONVERSATION

7.54 Paris Accord Goal

BUSINESS AS USUAL(GHG Emissions arecurrently increasing)

Vermont is committed to energyand climate goals by 2025.

Energy is the biggest source of climate pollution in Vermont.

Vermont’s Comprehensive Energy Plan (CEP) underscores the central role that energy plays in reducing GHG emissions.

80% of Vermont’s GHG emissions come from energy.

Transportation and thermal (primarily heating) are the two largest contributors (70%).6

2.45

28%

BUILDINGTHERMAL

1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050

10

8

6

4

2

0

MM

TC

O2e

HISTORICALEMISSIONS

Vermont missed its2012 statutory target ofa 25% reduction below

1990 levels. Emissionsincreased 4% instead.

VT CEP Goal(if 25% renewable energy by 2025target is met)

VT CEP Goal(80-95% GHGreduction below1990 levels)

VT GHG Statute(By 2028, 50%

reduction below1990 levels)

4.2

7.1

HISTORICAL EMISSIONS FROM VERMONT AGENCY OF NATURAL RESOURCES: CLIMATECHANGE.VERMONT.GOV

50%

40%

30%

20%

10%

03.66

TRANSPORT

42%

1.01AGRICULTURE

12%

0.81ELECTRIC

GENERATION

9%

0.59INDUSTRIALPROCESSES

7%

0.22WASTE

3%

ENERGY GENERATES80% OF VT’s GHGEMISSIONS

TOTAL = 8.75 MMTCO2e

(2013)

THE CLIMATE CONVERSATION IS AN ENERGY CONVERSATION

7.54 Paris Accord Goal

BUSINESS AS USUAL(GHG Emissions arecurrently increasing)

Although Vermont’s electricity sector is becoming significantly more renewable (43%), electricity is only 27% of Vermont’s total energy use. Vermont is only 20% renewable overall. It is clear that in order to reach our goals, we need to focus on the transportation and thermal sectors.7 Even if Vermont meets its statutory requirements for renewable electricity (67% renewable in 2025, as mandated by the Renewable Energy Standard), it will not be sufficient to meet the 2025 total energy targets without significant efforts in thermal energy and transportation.

0.40

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00

THE TOP 10 DRIVERS TO VERMONT’S 2025 MILESTONES

TOTAL

142 TRILLION BTU

20%

TRANSPORTATION

50 TRILLION BTU35% OF TOTAL

5%

ELECTRICITY

39 TRILLION BTU27% OF TOTAL

43%

THERMAL

53 TRILLION BTU38% OF TOTAL

20%

BUILDING THERMALTRANSPORTATION AGRICULTURE

0.284

0.155 0.152

0.257 0.245

0.140

ELECTRICITY

0.142 0.142

0.025 0.022

1.56 MMTCO2e REDUCTION BY 2025 IS REQUIRED TO MEET PARIS ACCORD

ADD60,000 EVS ADD 25,000

ADVANCED WOOD HEAT

SYSTEMS

HEAT60,000 MORE

BUILDINGSWITH CC

HEAT PUMPS

ADD260 MWSOLAR

ADD115 MWWIND

ADD 50DIGESTERS

INCREASEBEST

MANAGEMENTPRACTICES

ONAG SOILS

INCREASEICE FLEET

MPGS BY 5%

DOUBLERIDESHAREVANPOOLS

COMPLETE60,000 MORE

BUILDINGRETROFITS

2,300 EVS 22.2MPG

18%OF WORK

COMMUTES

668 GWH 10,500HEAT

PUMPS

23,397 BUILDINGRETROFITS

299 MWSOLAR

241 MWWIND

18DIGESTERS

NA2017STATUS

Vermont’s energy is not as renewable as you might think.

The top 10 drivers to reach Vermont’s energy and climate milestones are concentrated in the transportation and thermal sectors.

No single pathway or driver is sufficient. Getting to the Paris goal would require ALL of these drivers. If Vermont falls short on any one driver, it would need to compensate by making more progress with a different driver.8

Reaching Vermont’s 2025 Milestones

7 All data comes from EAN calculations based on EIA, PSD, and VTRANS sources. The sectoral pie charts reflect the calculations used for VT’s Comprehensive Energy Plan (Public Service Dept). Electricity is calculated using Source Energy which takes into account efficiency and transmission losses that occur when converting energy sources (primarily fossil fuels) to electricity and bringing it to Vermont. Transportation and thermal are calculated using “Site Energy”, which does not take these losses into account. 8 ibid. EAN calculated the top 10 drivers to reach Paris goals based on relative GHG emissions reductions (Million Metric Tons - MMTCO2e).

0.40

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00

THE TOP 10 DRIVERS TO VERMONT’S 2025 MILESTONES

TOTAL

142 TRILLION BTU

20%

TRANSPORTATION

50 TRILLION BTU35% OF TOTAL

5%

ELECTRICITY

39 TRILLION BTU27% OF TOTAL

43%

THERMAL

53 TRILLION BTU38% OF TOTAL

20%

BUILDING THERMALTRANSPORTATION AGRICULTURE

0.284

0.155 0.152

0.257 0.245

0.140

ELECTRICITY

0.142 0.142

0.025 0.022

1.56 MMTCO2e REDUCTION BY 2025 IS REQUIRED TO MEET PARIS ACCORD

ADD60,000 EVS ADD 25,000

ADVANCED WOOD HEAT

SYSTEMS

HEAT60,000 MORE

BUILDINGSWITH CC

HEAT PUMPS

ADD260 MWSOLAR

ADD115 MWWIND

ADD 50DIGESTERS

INCREASEBEST

MANAGEMENTPRACTICES

ONAG SOILS

INCREASEICE FLEET

MPGS BY 5%

DOUBLERIDESHAREVANPOOLS

COMPLETE60,000 MORE

BUILDINGRETROFITS

2,300 EVS 22.2MPG

18%OF WORK

COMMUTES

668 GWH 10,500HEAT

PUMPS

23,397 BUILDINGRETROFITS

299 MWSOLAR

241 MWWIND

18DIGESTERS

NA2017STATUS

P. 15

Transportation: High Impact Drivers to 2025

MEMBER PROFILE: DAVID ROBERTS DRIVE ELECTRIC VERMONT

“In Vermont, utilities, policymakers, and advocates are working together to realize the many benefits stemming from powering transportation with electricity - cars that are fun to drive, save on fuel costs, reliable, and much cleaner than gasoline powered vehicles - especially when running on renewably generated electricity.”

DEV has helped thousands of Vermonters consider plug-in electric cars for their next vehicle purchase.

9 The GHG emissions impact from biofuels varies based on source and production methods. 10 All data comes from EAN calculations based on EIA, PSD, and VTRANS sources to reach both the CEP 2025 milestone and the Paris Accord 2025 milestone. EV calculations include 50% EVs and 50% PHEVs (Plug-in Hybrids).

MEMBER PROFILE: JIM SULLIVAN EXECUTIVE DIRECTOR, BENNINGTON COUNTY REGIONAL PLANNING COMMISSION

“Regional energy plans are focusing intensively on transportation to help us reach our energy goals and make Vermont more affordable.”

Under Vermont’s Energy Development Improvement Act (Act 174), all Regional Planning Commissions (RPCs) are required to develop regional energy plans. Transportation strategies include a focus on vehicle electrification, public transportation and carshare options, bicycle and pedestrian infrastructure, and mixed use development in downtowns and village centers to reduce travel distances.

2017 TRANSPORTATION TRENDS11

• 80% of VT communities have EVs

• EV ownership in VT doubled in 2017

• VW Settlement Fund for VT ($18.7M) is targeted to clean transportation and charging stations

• VT has more EV charging per capita than any other state, 60% more stations than California which is the next in line

• VT now has over 165+ public charging stations, with many more scheduled for installation

• EV ranges are increasing (100 to over 300+ miles) and prices are dropping

• Vermont’s first electric buses are on order (4 with Green Mountain Transit)

GAS POWERED CAR$2.60/gallon

Regular Maintenance Costs (Oil Changes, Transmission Fluid, etc)

Drive to Fill Up

Air Pollution

High Carbon Emissions

Fuel Dollars - 78% leave Vermont

Gas Price Volatility

ELECTRIC VEHICLE (EV)$1.50/gallon equivalent13

Low Maintenance Costs

Fill Up at Home

No Tailpipe Emissions

No or Low Carbon Emissions

Renewably Sourced (and if from rooftop solar, most $ stays in Vermont)

Electricity Price Stability

Vermont is a rural state and transportation makes up 35% of our state’s energy use and over 42% of our GHG emissions (compared to 28% nationally). At the household level, we spend over half of our energy dollars on transportation.

Yet transportation is the least renewable of all energy sectors at only 5.2%, most of which is non-sustainable corn-derived ethanol.

To reach Vermont’s 2025 energy and climate milestones, transforming our transportation sector will be essential.

One of the best ways to reduce GHG’s is with walking and biking and increased use of buses and trains. However, these options only extend so far in our rural environment. The three highest impact transportation drivers over the next 8 years are:9

Electric Vehicles (EVs) and Plug-In Hybrids (PHEVs) - add 60,000 from current 2,300.10 Vermonters purchase around 40,000 new and used vehicles/year

Increase fleet MPG - increase fuel efficiency of internal combustion engine (ICE) vehicles by 5%

Public Transportation and Rideshare - reduce single- occupancy commuter trips from current 82% to 65% M

MT

CO

2e

0.40

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00

TRANSPORTATION GHGREDUCTION NEEDED

5%

RENEWABLE

95%NON

RENEWABLE

27%

35%38%

VT ENERGY USE

0.284

0.155 0.152

ADD60,000 EVS

INCREASEICE FLEET

MPGS BY 5%

DOUBLERIDESHAREVANPOOLS

MM

TC

O2e

0.40

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00

TRANSPORTATION GHGREDUCTION NEEDED

5%

RENEWABLE

95%NON

RENEWABLE

27%

35%38%

VT ENERGY USE

0.284

0.155 0.152

ADD60,000 EVS

INCREASEICE FLEET

MPGS BY 5%

DOUBLERIDESHAREVANPOOLS

Transportation is the least renewable energy sector

Getting to the 2025 Milestones: Transportation

409

274

203

143

60

TRANSPORTATION CHOICESCO2 Emissions per passenger mile12

11 SOURCE: Drive Electric Vermont. 12 SOURCE: US Department of Transportation, Bureau of Transportation Statistics, Table 4-20. Transportation Energy Data Book: Edition 36—2017.13 SOURCE: Drive Electric Vermont.

P. 17

Thermal:High Impact Drivers to 2025

Vermont has a cold climate, with increasingly hot summers. Heating (and to a small degree cooling) our homes and businesses is the highest share of our energy use (38%).

The bulk of Vermont’s heating comes from fossil fuels (80%) - fuel oil, propane, and natural gas - which contribute to unpredictable costs for Vermonters. To stabilize heating costs and meet our energy goals, Vermont needs to increasethe share of renewable energy used for heating beyond the current 20%.

To reach Vermont’s 2025 energy and climate milestones, the three highest impact thermal drivers over the next 8 years will be:

Advanced Wood Heat - Tripling AWH energy from the current 668 GWH is projected to include adding: 18,000 residential pellet stoves to the current 31,000; 5,152 automated pellet boilers to the current 377; 1,260 commercial bulk pellet systems to the current 94; and 108 commercial woodchip systems to the current 6114

Cold Climate Heat Pumps - Heat 60,000 additional buildings with cold climate heat pumps

Building Efficiency - add 60,000 to the current 23,397 (2016) building retrofits

MEMBER PROFILE: SARAH BROCK VITAL COMMUNITIES

“We developed Weatherize Upper Valley to show how many more people we can help simply by working together. Weatherize makes it easy for homeowners to save money and stay warm with help from local volunteers and contractors.”Vital Communities has resource guides for any community to start similar campaigns. In two years, the program engaged 700 homeowners in 25 towns across Vermont and New Hampshire, with over 200 expected to complete weatherization projects by the end of 2018. The successful Weatherize model is already spreading to other towns in Vermont, including Middlebury and Montpelier.

MM

TC

O2e

0.40

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00

BUILDING THERMALGHG REDUCTION

20%RENEWABLE

80%NON

RENEWABLE

35%

38%

27%

VT ENERGY USE

0.257 0.245

0.140

ADD 25,000ADVANCED WOOD HEAT

SYSTEMS

HEAT60,000 MORE

BUILDINGSWITH CC

HEAT PUMPS

COMPLETE60,000 MORE

BUILDINGRETROFITS

MM

TC

O2e

0.40

0.35

0.30

0.25

0.20

0.15

0.10

0.05

0.00

BUILDING THERMALGHG REDUCTION

20%RENEWABLE

80%NON

RENEWABLE

35%

38%

27%

VT ENERGY USE

0.257 0.245

0.140

ADD 25,000ADVANCED WOOD HEAT

SYSTEMS

HEAT60,000 MORE

BUILDINGSWITH CC

HEAT PUMPS

COMPLETE60,000 MORE

BUILDINGRETROFITS

VT uses most of its energy for heating

Getting to the 2025 Milestones: Thermal

HEATING OIL (32%)

PROPANE (23%)

NATURAL GAS (21%)

CORDWOOD (14%)

BAGGED PELLETS (STOVES)

ELECTRICITY (3%)

ADVANCED WOOD HEAT (2%)

5%

3%

2%

PROPANE - RESIDENTIAL

FUEL OIL - RESIDENTIAL

NATURAL GAS - COMMERCIAL

BAGGEDWOOD PELLETS - RESIDENTIAL

COLD CLIMATEHEAT PUMPS - RESIDENTIAL

WOOD CHIPS - COMMERCIAL

INDICATED BYTHICKER LINES

$ /

MM

BT

U D

EL

IVE

RE

D H

EA

T

$60

$50

$40

$30

$20

$10

199

8

199

9

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

BAGGED WOOD PELLETS

2017 THERMAL TRENDS• Heating demand is INCREASING (10% over 2010). CEP 2025 target is a 10% reduction

• Current weatherization is < 2,000 homes/year, but statutory goals require 12,000/year

• The Weatherization Assistance Program for low income Vermonters has waiting lists that can be years long

• Vermont leads the nation in % of building thermal energy met with wood (21%)

• Cold climate heat pumps, if installed in weatherized homes, have demonstrated effectiveness in Vermont to temperatures below -20 degrees

Stable and low-cost renewables vs. Volatile fossil-fuelprices

MEMBER PROFILE: PETER BOURNE BOURNE’S ENERGY

“We are proud to provide Vermonters with efficient and renewable options for their home energy needs along with the quality of service and integrity that should be expected from a family-owned Vermont business.”

Peter Bourne is the recipient of the 2017 Anne and Arthur Berndt Award for members who have demonstrated vision, leadership, and commitment to creating a clean energy future for Vermont. Bourne’s Energy is a pioneer in helping customers switch to renewable fuels (wood pellets and biofuel) for heat across Vermont.

HEATING OIL (32%)

PROPANE (23%)

NATURAL GAS (21%)

CORDWOOD (14%)

BAGGED PELLETS (STOVES)

ELECTRICITY (3%)

ADVANCED WOOD HEAT (2%)

5%

3%

2%

PROPANE - RESIDENTIAL

FUEL OIL - RESIDENTIAL

NATURAL GAS - COMMERCIAL

BAGGEDWOOD PELLETS - RESIDENTIAL

COLD CLIMATEHEAT PUMPS - RESIDENTIAL

WOOD CHIPS - COMMERCIAL

INDICATED BYTHICKER LINES

$ /

MM

BT

U D

EL

IVE

RE

D H

EA

T

$60

$50

$40

$30

$20

$10

199

8

199

9

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

BAGGED WOOD PELLETS

15 SOURCE: 2014 Data compiled by the Biomass Energy Resource Center (BERC) at VEIC. 16 SOURCE: Information compiled by Biomass Energy Resource Center (BERC) at VEIC using data from the Vermont Department of Public Service (PSD) and US Energy Information Administration (EIA).

AVERAGE HEATING FUEL PRICING TRENDS (1998-2018)16

VT HEAT ENERGY SOURCES15

14 SOURCE: Biomass Energy Resource Center (BERC) at VEIC.

P. 19

Electricity:High Impact Drivers

Vermont’s electricity sector is becoming more renewable each year. Currently around 55% of Vermont’s electric retail sales are from renewable sources if calculated based on “site energy” use.

If measured by source energy, which accounts for efficiency and transmission losses that occur when converting non-renewable fuel sources (primarily fossil fuels) into electricity and bringing it to Vermont, our electricity is only around 43% renewable.

How renewable is our electricity?

Vermont’s solar and wind generation only represent 12% of our total electric generation. The bulk of our electricity still comes from non-renewable imports (39%) and hydroelectric (34%).

The highest impact electricity drivers over the next 8 years would be:

Solar: Add 260MW to the current 299MW Wind: Add 115MW to the current 241MW Vermont imports over 60% of its electricity from New England and Quebec. Only about 14% of ISO-NE electricity is renewable.

MEMBER PROFILE: NEALE LUNDERVILLE BURLINGTON ELECTRIC DEPARTMENT

“At Burlington Electric, we’re leading through energy innovation by focusing on our ‘net zero energy city’ vision of producing or sourcing as much renewable energy as we consume. To reach net zero, we’re helping our customers by offering EV and E-bike incentives, helping them go solar, increasing energy efficiency opportunities, and partnering with localtransit to bring E-buses to town.”

In 2014, Burlington became the first city in the nation to source 100 percent of its power from renewable generation, including from biomass, hydro, wind, and solar.

55%

SITEENERGY

45%NON

RENEWABLE

43%

SOURCEENERGY

57%NON

RENEWABLE

REGIONAL NONRENEWABLE (ISO-NE)

REGIONAL NUCLEAR

BIOMASS

HYDRO-QUEBEC

OTHER HYDROPOWER

WIND

SOLAR

LANDFILL METHANE

DISTILLATE

FARM METHANE

13.44

8.05

6.98

4.79

2.46

1.63

.64

RENEWABLE

ELECTRICITY GHG

REDUCTION

27%

35% 38%

.33

VT ENERGY USE

0.142 0.142

ADD260 MWSOLAR

ADD115 MWWIND

55%

SITEENERGY

45%NON

RENEWABLE

43%

SOURCEENERGY

57%NON

RENEWABLE

REGIONAL NONRENEWABLE (ISO-NE)

REGIONAL NUCLEAR

BIOMASS

HYDRO-QUEBEC

OTHER HYDROPOWER

WIND

SOLAR

LANDFILL METHANE

DISTILLATE

FARM METHANE

13.44

8.05

6.98

4.79

2.46

1.63

.64

RENEWABLE

ELECTRICITY GHG

REDUCTION

27%

35% 38%

.33

VT ENERGY USE

0.142 0.142

ADD260 MWSOLAR

ADD115 MWWIND

Renewable slowdownDespite Vermont’s success in increasing renewable generation over the past decade, solar and wind still only represent 12% of our electric generation.

After several years of rapid growth, wind generation has all but stopped and new installed solar capacitydeclined by 30% from 2016 to 2017.18 Net-Meteringapplications and installations have dropped for thefirst time in a decade.

0.01%

818 OUT OF 5.9MILLION ACRES

120

100

80

60

40

20

0

2009 2010 2011 2012 2013 2014 2015 2016 2017

SOLAR GROWTH IS SLOWING

INSTALLATIONSCPG APPLICATIONS

<500 kW CPG >500 kW CPG <500 kW INSTALLED

>500 kWINSTALLED

NE

ED

AD

DIT

ION

AL

26

0 M

W O

F S

OL

AR

TO

RE

AC

H 2

02

5 G

OA

LS

MW

CA

PA

CIT

Y

How muchland is needed?To reach our 2025 renewable targets, Vermontwould need to use one one-hundredth of a percentour land (0.01%), or 735 acres for 245 MW of solar, and 83 acres for 110 MW of wind.19

0.01%

818 OUT OF 5.9MILLION ACRES

120

100

80

60

40

20

0

2009 2010 2011 2012 2013 2014 2015 2016 2017

SOLAR GROWTH IS SLOWING

INSTALLATIONSCPG APPLICATIONS

<500 kW CPG >500 kW CPG <500 kW INSTALLED

>500 kWINSTALLED

NE

ED

AD

DIT

ION

AL

26

0 M

W O

F S

OL

AR

TO

RE

AC

H 2

02

5 G

OA

LS

MW

CA

PA

CIT

Y

MEMBER PROFILE: ANDREA COHEN VERMONT ELECTRIC COOPERATIVE

“As part of our effort to meet 90% by 2050 in the most cost effective way, VEC offers members our Co-op Community Solar program. Co-op Solar is perfect for people who rent their home, have a shady site, or unsuitable roof.”

VEC’s Co-op Community Solar program allows members to sponsor panels for either 10 or 20 years, receive a fixed monthly bill credit, and participants can opt out any time for any reason. VEC is a member-owned electric distribution utility.

18 SOURCE: VT Department of Public Sevice. 19 Solar requires an average of 3 acres for 1MW capacity. Wind requires an average of 3/4 acre per 1MW capacity.

Getting to the 2025 Milestones: Electricity

17 SOURCE: Based on 2016 data courtesy of VT Department of Public Service, and incorporating conversion losses from PSD standard conversion efficiencies found in Exhibit 4-2 of 2016 CEP. Note: HQ System mix is 98% renewable and ISO-NE mix was 13.6% renewable in 2016, excluding refuse burning plants.

VERMONT ELECTRICITY GENERATION SOURCES17

(in TBTU SOURCE ENERGY)

P. 21

Vermont’s Renewable Energy Standard

2017 - The First Year of Full AccountingVermont’s Renewable Energy Standard (RES) was enacted in 2015 and gave utilities until the end of 2017 to build up their RECs to meet required targets.

ELECTRICITY: Requires that electric power be renewable, as measured by renewable energy certificates (RECs).

2017: 55% renewable with RECs held in VT (Tier 1) and 1% from new in-state generation (Tier 2) 2032: 75% renewable with RECs held in VT (Tier 1) and 10% from new in-state generation (Tier 2)

FOSSIL FUEL REDUCTION: Requires electric utilities to reduce the fossil fuel use of their customers through programs targeting efficiency and renewable transportation and thermal options (Tier 3):

2017: energy equivalent of 2% of electric sales 2032: energy equivalent of 12% of electric sales

Accounting for Renewable Electricity in Vermont

2017 marks the year when Vermont electric utilities must certify that 55% of their sales come from renewable generation20

7000

6000

5000

4000

3000

2000

1000

0

2014 2015 2016 2017 2032

VERMONT ELECTRIC SUPPLY (% RENEWABLE WITH RECs)

RECs RETAINED (GWH) NON RENEWABLE (GWH)

TO

TA

L E

LE

CT

RIC

SA

LE

S (

GW

H)

10% 38% 48% 55% 75%

(FUTURE TARGET)

7000

6000

5000

4000

3000

2000

1000

0

2014 2015 2016 2017 2032

VERMONT ELECTRIC SUPPLY (% RENEWABLE WITH RECs)

RECs RETAINED (GWH) NON RENEWABLE (GWH)

TO

TA

L E

LE

CT

RIC

SA

LE

S (

GW

H)

10% 38% 48% 55% 75%

(FUTURE TARGET)

WHAT ARE RECs? RECs are “Renewable Energy Certificates,” the legal attribute that equals a megawatt hour of renewable generation.

RECs are generated for every solar, wind, or other renewable project. They can be bought or sold to help Vermont or other New England states meet renewable goals.

Since electricity flows into a common pool - the grid - it cannot be physically traced to its generation source. RECs are the only way to track renewability.

As of 2017, Vermont law requires utilities to use RECs to meet renewable targets, similar to other New England states. Utilities may sell excess RECs that have higher value in other states and purchase lower cost RECs to help minimize costs for customers.

20 Note: the compliance filings from utilities demonstrating their REC holdings for 2017 will be made in August 2018. The RES measures renewables using Site Electricity rather than Source Electricity. Site Electricity does not account for efficiency losses incurred when converting non-renewable fuel sources into electricity and bringing it to Vermont (55% RE site electricity corresponds to 43% RE source electricity).

A Brief History of Renewable Electric Policy in VT

(1998-2005)NET METERINGIncreased to 1 MW

(<0.1% of VT power generation)

(2005-2011)SOLAR & WIND

Increased to 18 MW capacity(0.5% of VT power generation)

CLEAN ENERGY JOBS Increased to 12,000

ELECTRIC RATES Stayed Steady

(2011-2017)SOLAR & WIND

Increased to 540 MW capacity(12% of VT power generation)

CLEAN ENERGY JOBS Increased to 19,000

ELECTRIC RATES 2nd lowest in New England

As of 2017, two of VT’s utilities

(BED & WEC) are 100% renewable (counting RECs)

1998NET METERING BEGINS

Allows customers to generate small amounts of renewable electricity, feed it to the grid, and subtract that amount from what they use (<15kw)

2005SPEED (SUSTAINABLY PRICED ENERGY ENTERPRISE DEVELOPMENT) Promotes renewable electric generation through long term contracts at a

fixed price. Does not require keeping RECs in-state

2008GROUP NET METERING

Allows for community-scale solar, enabling individual customers without optimum sites to aggregate with others to generate their own power

2009SPEED GOALS SET

Legislature sets goal of 20% of electric retail sales by 2017

2011COMPREHENSIVE ENERGY PLAN (CEP)

Establishes statewide goal of 90% renewable by 2050 across all energy sectors

2015RENEWABLE ENERGY STANDARD (RES) ENACTED (COUNTING RECS)

TIER 1 - Electric sales (55% renewable by 2017, 75% by 2032)TIER 2 - New distributed generation (1% by 2017, 10% by 2032)

TIER 3 - Innovation projects to reduce fossil fuel use (1% by 2017, 12% by 2032)

2016COMPREHENSIVE ENERGY PLAN (CEP)

Sets specific TOTAL energy targets for 2025 to reach 90% by 2050 - Reduce total consumption per capita by 15%

- Meet 25% of TOTAL energy needs from renewable sources - 10% renewable transportation, 30% renewable buildings,

67% renewable electric power

2017RENEWABLE ENERGY STANDARD (RES) COMPLIANCE

Requires renewable electric power to be measured by RECs Sets legal requirement of 55% renewable by 2017

Total Energy Targets 25% by 2025 (67% renewable electric)90% by 2050 (100% renewable electric)

P. 23

25% x 2025Good For Vermont Business

The path to 90% by 2050 means new jobs, lower business costs, and keeping dollars local

The Vermont clean energy sector is the fastest growing job sector in the state, reaching an all-time high of over

19,000 jobs in 2017, up 29% from the base year of 2013. And more clean energy jobs means more customers for

other Vermont businesses.

VERMONT CLEANENERGY JOBS21

Up 29% since 2013

19,000

2017

19,080

$1

ONE

$1

ONE

78¢ OF EVERY $1 SPENT ON FOSSIL FUEL LEAVESVERMONT... NEARLY $1.5 BILLION PER YEAR22

...but $$ spent on local renewables creates more jobs for Vermont

But these jobs are not guaranteed. The solar industry lost over 230 jobs in 2017, more than three times the national average.23 At a time when

Vermont needs to be increasing its renewable generation and efficiency efforts, “new federal and state policies

are limiting growth.” Among others, these include federal tariffs on imported solar panels and imported steel,

more restrictions on solar and wind siting, and reductions in net-metered solar credits.

21 SOURCE: Vermont 2017 Clean Energy Industry Report. Clean Energy Development Fund. Department of Public Service.22 SOURCE: Vermont Agency of Commerce and Community Development.23 The Solar Foundation’s National Solar Jobs Census shows that the state lost 232 solar jobs between November 2016 and November 2017.

JOBS Olivia Campbell Andersen, Renewable Energy Vermont

“Vermont’s renewable energy tradesmen and women provide innovative solutions and leadership to transform our energy supply. We are proud to be a driving force in Vermont’s economy.” Renewable Energy Vermont represents those businesses working to build a more vibrant Vermont economy based on clean energy for a sustainable and secure energy future.

ENTREPRENEURSHIP Geoff Robertson, Accel-VT “We launch entrepreneurs with businesses modeled on the conviction that global challenges – such as climate change – are the raw material for transformative solutions, new market opportunities, and lasting value.”Accel-VT is a business accelerator at the Vermont Sustainable Jobs Fund providing startup support, mentorship, and access to capital for climate economy entrepreneurs.

SAVINGS Karen Glitman, Efficiency Vermont

“Over 90% of Vermonters have benefited from Efficiency Vermont incentives, saving them over $500 million in energy costs since 2010. The commercial sector alone saved over $50M. That goes right to the bottom line.”Efficiency Vermont’s business rebates and incentives help reduce the cost of efficiency investments and generate millions of dollars in savings every year.

INNOVATION Mary Powell, Green Mountain Power

“Energy innovation happens when you have the type of engaged energy community we have in Vermont.”GMP’s Inspire Space has attracted new energy entrepreneurs to Vermont who are working to transform options for customers. GMP is committed to finding innovative solutions that result in reduced energy use and cleaner methods to generate power.

OPPORTUNITY Joe Fusco, Casella Waste Systems and Chair of the VT Climate Economy Action Team

“Environmental imperatives and economic opportunities are converging to change the way we produce and use energy, and conserve and sustain scarce resources. Vermont businesses and policymakers can and should be national and global leaders in driving this innovation.”Casella is a leader in resource renewal, working to find innovative solutions to turn wasteinto renewable energy, reduce the greenhouse gas footprint of landfills, and in seizing new opportunities to help VT communities sustain the planet’s limited resources.

WORKFORCE DEVELOPMENT Patricia Moulton, Vermont Technical College

“VT Tech is educating more students than ever to enter Vermont’s clean energy workforce at all levels. This is reflected in the high share of VTC grads employed at leading clean energy companies across the state.”Vermont Technical College is committed to providing both rigorous education and hands-on training to students across a wide range of clean energy and efficiency fields. VTC graduates have 100% job placement rates in the economy of the future.

EAN members are a driving force for growing Vermont’s economy

P: VSJF/ERICA HOUSEKEEPER

25% by 2025Reducing the Energy Burden

Fossil fuels cost Vermonters too muchVermonters use a lot of energy - we live in a cold

climate and need to heat our homes. And, living in

a rural state, we often drive long distances to work,

school, and for services. Some households spend

over a QUARTER of their household income on

energy - mostly on fossil fuels with volatile prices.

Mapping Vermont’s Energy Burden24

Energy costs create a significant financial burden for

all Vermonters, and particularly for households and

families who can least afford it.

This map shows where the highest TOTAL energy

burdens - the share of household income spent on

heat, electricity and transportation - are in Vermont.

...IMAGINE WHAT ELSE THOSE ENERGY DOLLARS COULD BE USED FOR.

MEMBER PROFILE: LUDY BIDDLE NEIGHBORWORKS OF WESTERN VERMONT

“Vermonters with limited income can least afford the costs of inefficient homes and volatile fossil fuel prices. Through proper weatherization and energy saving measures, we can help stabilize their bills and free up resources to spend on things they care about.”

The NeighborWorks of Western Vermont HEAT Squad has been one ofthe state’s most successful programs in helping Vermonters save money on energy bills and live more comfortably and sustainably for years to come.

VT ENERGY BURDEN

UP TO 26%OF HOUSEHOLD INCOME

TOTAL ENERGY BURDEN(% OF MEDIAN INCOME)

VT ENERGY BURDEN

UP TO 26%OF HOUSEHOLD INCOME

TOTAL ENERGY BURDEN(% OF MEDIAN INCOME)

P. 25

We can reduce this burden together

Tighter homes save on electric and heating costs - every single year

Efficient appliances can cost less than half to run than older inefficient models

Heating with efficient wood heat can cut heating costs in half

Heating with cold climate heat pumps can reduce bills dramatically, and provide cooling too

Sharing rides can cut transportation costs in half or more

Charging an electric vehicle is like paying $1.50/gallon to run your car

Using renewable electricity for home heating and transportation costs less than fossil fuels

It also leads to fewer air pollutants, carbon emissions, and makes homes healthier and more

comfortable

MEMBER PROFILE: LAURIE FIELDER VSECU

“Part of our mission is to make sure that members can afford to achieve their goals for long-term energy savings, whether that means taking on a weatherization or solar project or purchasing a fuel-efficient car or a new bike.”

Through their VGreen program, VSECU, a Vermont-based credit union, offers low-interest loans that reduce the cost of clean energy projects and purchases. Their commitment to helping members achieve their energy- saving goals has made them leaders in the industry. vsecu.com/vgreen

$3,000 - $6,000 /YEAR25

TransportationHeat

Electricity

$$1,000 - $3,000 /YEAR

TransportationHeat

Electricity

$

52%

23%

25%52%

23%

25%

HOW?

$3,000 - $6,000 /YEAR25

TransportationHeat

Electricity

$$1,000 - $3,000 /YEAR

TransportationHeat

Electricity

$

52%

23%

25%52%

23%

25%

$3,000 - $6,000 /YEAR25

TransportationHeat

Electricity

$$1,000 - $3,000 /YEAR

TransportationHeat

Electricity

$

52%

23%

25%52%

23%

25%

$3,000 - $6,000 /YEAR25

TransportationHeat

Electricity

$$1,000 - $3,000 /YEAR

TransportationHeat

Electricity

$

52%

23%

25%52%

23%

25%

$3,000 - $6,000 /YEAR25

TransportationHeat

Electricity

$$1,000 - $3,000 /YEAR

TransportationHeat

Electricity

$

52%

23%

25%52%

23%

25%

25 SOURCE: Mapping Total Energy Burden in Vermont,” Justine Sears, Vermont Energy Investment Corporation (July 2016).24 SOURCE: Mapping Total Energy Burden in Vermont,” Justine Sears, Vermont Energy Investment Corporation (July 2016).

EAN members provide incentives, affordable financing, and project expertise to help Vermonters.

EACH OF THESE ACTIONS GENERATE SAVINGS AND COMFORT YEAR IN AND YEAR OUT

VT CommunityEnergy Dashboard

INFORM Collect data, analysis, and

resources to prepare your Town

Energy Plan

MAP

Map existing and possible new

renewable energy sites and keep

track of local projects

EDUCATE

Learn more about energy efficiency

and renewable actions that work

ENGAGE

Share your town’s energy stories

and actions, start an energy

campaign, learn from other

communities

TRACK

Keep track of your progress using

officially sourced data

JOIN TODAY! VTENERGYDASHBOARD.ORG

MEMBER PROFILE: KAREN HORN VERMONT LEAGUE OF CITIES AND TOWNS (VLCT)

“Vermont’s cities and towns now have access to accurate and timely energy information customized to their communities, as well as tools to inform energy choices that serve their unique needs, map energy use and generation, track progress, and share experiences across towns.” VLCT is a membership association serving all Vermont municipalities to strengthen local government. As energy policy and climate adaptation become more important in local planning efforts, VLCT provides a wide range of tools, technical assistance, and ways to navigate the most useful energy planning and assessment resources.

Vermont’s one-stop shop for energy informationThe Dashboard is Vermont’s go-to resource to help towns, businesses, and individuals take action to help us

meet our 90% renewable by 2050 goals, and to track our collective progress along the way.

MEMBER PROFILE: JOHANNA MILLER VERMONT ENERGY & CLIMATE ACTION NETWORK (VECAN) AND VERMONT NATURAL RESOURCES COUNCIL

“Vermont’s town energy committees are at the forefront of leadership on clean energy and climate.  Over 45 of them have received training and support on the Dashboard to help set priorities, advance projects, and track progress towards meeting Vermont’s important 90% by 2050 renewable energy goal.”

VECAN is the network of over 100 Vermont town energy committees and the organizations that support them. These committees are leading a powerful grassroots response to the pressing need to be more energy efficient and generate more in-state renewable energy while reducing greenhouse gas emissions.

Turning 90% by 2050 into local actionThanks to the support of VLITE, the US Department of Energy, and other

important funders, EAN developed a critical piece of public infrastructure

to track progress toward and take actions to achieve our statewide TOTAL

energy goals – at the regional, town, business, and individual levels.

Newin2017

New mapping tools aided local and regional

energy plans (Act 174). Maps can be created,

shared, and saved

Training was provided to all 11 Regional Planning

Commissions and 45 towns in using Dashboard

tools

Over 13,000 energy-saving or renewable

energy actions were recorded by Vermonters

across the state

Energy Campaign tool was added to help

communities mobilize action and generate

pledges. Used for Efficiency Vermont’s Button Up

campaign, the Climate Pledge Coalition campaign,

and the Weatherize Montpelier campaign

Customized energy checklists for municipalities,

businesses, organizations, and individuals

Profiled 195 energy heroes across Vermont

P. 27

No

tes:

All

data

are

dra

wn

fro

m S

tate

Rep

ort

s an

d E

IA d

ata

. P

roje

cti

on

s are

th

ose

of

EA

N, b

uild

ing

up

on

Verm

on

t’s

20

16 C

om

pre

hen

sive E

nerg

y P

lan

.

1.

Tra

nsp

ort

ati

on

data

fro

m E

IA, T

he V

erm

on

t Tra

nsp

ort

ati

on

En

erg

y P

rofi

le (

VT

RA

NS

, S

ep

20

17),

an

d D

rive E

lectr

ic V

erm

on

t (D

ec 2

017

); T

herm

al d

ata

fro

m E

fficie

ncy V

erm

on

t (2

017

) an

d

E

AN

; E

lectr

ic d

ata

fro

m t

he D

ep

t o

f P

ub

lic S

erv

ice (

PS

D, D

ec 2

017

) an

d C

ert

ificate

s o

f P

ub

lic G

oo

d (

PS

B D

ec 2

017

). E

lectr

ic g

en

era

tio

n in

clu

des

Net

Mete

rin

g, S

tan

dard

Off

er, a

nd

SP

EE

D

P

roje

cts

rep

ort

ed

th

rou

gh

Decem

ber

20

17. N

/A in

dic

ate

s in

co

mp

lete

data

.

2. In

clu

des

Lig

ht

Veh

icle

Fle

et

(LV

F)

an

d C

om

merc

ial-

Ind

ust

rial F

leet

(CIF

). In

clu

des

co

rn-b

ase

d e

than

ol u

sed

as

gaso

line a

dd

itiv

e.

3. P

erm

itte

d s

ola

r sy

stem

s as

of

Dec 2

017

.

4

. E

lectr

ic R

en

ew

ab

le E

nerg

y %

base

d o

n “

Sit

e E

nerg

y,”

or

MW

h g

en

era

tio

n n

ot

inclu

din

g g

en

era

tio

n a

nd

tra

nsm

issi

on

lo

sses.

In

clu

des

ISO

-NE

(14

% r

en

ew

ab

le)

pu

rch

ase

d p

ow

er.

Acco

un

ts

for

RE

C t

ran

sacti

on

s.

5

. “S

ou

rce E

nerg

y”

inclu

des

co

nvers

ion

lo

sses

as

calc

ula

ted

by t

he V

T P

SD

. S

ola

r, w

ind

, an

d h

yd

ro h

ave n

o f

uel co

nvers

ion

lo

sses.

6

. To

tal R

en

ew

ab

le E

nerg

y %

base

d o

n “

So

urc

e E

nerg

y”

for

ele

ctr

icit

y a

nd

en

d-u

se f

or

tran

spo

rtati

on

an

d t

herm

al.

Acco

un

ts f

or

RE

C t

ran

sacti

on

s.

SE

CT

OR

UN

IT2

010

BA

SE

LIN

E2

017

A

CH

IEV

ED

1

20

25

M

ILE

ST

ON

E2

05

0

MIL

ES

TO

NE

EA

N T

AR

GE

TD

ES

CR

IPT

ION

TR

AN

SP

OR

T

Ele

ctr

ic V

eh

icle

s &

Plu

g-I

n

Hy

bri

ds

# o

f V

eh

icle

s10

02,3

27

45

,00

04

00

,40

0

Fro

m 2

016

Co

mp

reh

en

sive E

nerg

y P

lan

0.4

2%

8%

70

%%

of

ligh

t veh

icle

fleet

(LV

F)

Lig

ht

Ve

hic

le F

lee

t E

fficie

ncy

(co

mb

ust

ion

en

gin

es

on

ly)

Fle

et

MP

G20

.322.2

24

.13

2.4

0%

9%

19%

50

%%

Fu

el effi

cie

ncy in

cre

ase

of

LVF

co

mb

ust

ion

en

gin

e

fleet

(over

20

10)

Co

mm

eri

cal

- In

du

stri

al

Fle

et

Effi

cie

ncy

Fle

et

MP

G6

N/A

6.9

9

0%

N/A

15%

50

%%

Fu

el effi

cie

ncy in

cre

ase

fo

r co

mm

eri

cal/

ind

ust

rial

fleet

(over

20

10)

Bio

fue

ls2

Mill

ion

Gallo

ns

28

.73

0.9

40

211

5%

5.5

%12

%9

0%

% o

f to

tal fu

el u

se f

or

co

mb

ust

ion

en

gin

e fl

eet

(LV

F,

co

mm

erc

ial,

ind

ust

rial)

. A

via

tio

n n

ot

inclu

ded

Sin

gle

Occu

pan

cy

Ve

hic

le

Co

mm

ute

Re

du

cti

on

% C

om

mu

te

Tri

ps

79

.2%

80

.7%

67%

50

%%

of

wo

rk c

om

mu

te t

rip

s in

sin

gle

occu

pan

cy v

eh

icle

Tota

l Tra

nsp

ort

ati

on

En

erg

yT

BT

U5

1.1

49

.93

9.3

33

.3To

tal en

erg

y u

sed

fo

r tr

an

spo

rtati

on

Re

new

ab

le

En

erg

y S

hare

%4

.5%

5.2

%10

%8

5%

% o

f to

tal en

erg

y f

rom

ren

ew

ab

le r

eso

urc

es

TH

ER

MA

L

Bu

ild

ing

Effi

cie

ncy

S

av

ing

sT

BT

U0

.04

1.3

03

.78

11.3

0C

um

ula

tive e

nerg

y s

avin

gs

over

20

10

0%

-3.3

%-1

0%

-30

%%

energ

y s

avin

gs

in b

uild

ing

heati

ng

/co

olin

g o

ver

20

10

Bio

mass

TB

TU

10.2

9.2

10.2

69

.0In

clu

des

co

rdw

oo

d, p

elle

ts, an

d w

oo

dch

ips

26

%21%

30

%3

5%

% o

f h

eati

ng

dem

an

d m

et

by b

iom

ass

(Resi

den

tial &

Co

mm

erc

ial)

Bio

fue

lsT

BT

U0

N/A

0.6

24

.0

0%

N/A

2%

15%

% o

f h

eati

ng

dem

an

d m

et

by liq

uid

bio

fuels

(Resi

den

tial &

Co

mm

erc

ial)

He

at

Pu

mp

sC

um

ula

tive #

of

retr

ofi

ts0

10,5

00

35

,00

016

0,0

00

Fro

m 2

016

Co

mp

reh

en

sive E

nerg

y P

lan

0%

0.2

5%

7%

43

%%

of

heati

ng

/co

olin

g d

em

an

d m

et

by c

old

clim

ate

h

eat

pu

mp

s (R

esi

den

tial &

Co

mm

erc

ial)

Tota

l B

uil

din

g T

he

rmal

Lo

ad

TB

TU

39

.84

3.8

34

.226

.6V

T R

esi

den

tial &

Co

mm

erc

ial H

eati

ng

/Co

olin

g L

oad

0%

+10

%-1

0%

-30

%%

en

erg

y r

ed

ucti

on

fo

r b

uild

ing

heat

over

20

10

Tota

l In

du

stri

al

Pro

ce

ssT

BT

U8

.59

.48

.56

.5T

herm

al en

erg

y f

or

no

n-b

uild

ing

heat

man

ufa

ctu

rin

g

pro

cess

es

Tota

l T

he

rmal

TB

TU

48

.35

3.2

42.7

33

.1To

tal th

erm

al en

erg

y in

clu

din

g in

du

stri

al p

rocess

Re

new

ab

le

En

erg

y S

hare

%22%

20

%3

0%

93

%%

of

tota

l th

erm

al en

erg

y f

rom

ren

ew

ab

le r

eso

urc

es

EL

EC

TR

IC

Win

dM

eg

aw

att

s 7.

424

13

50

65

0C

um

ula

tive M

W c

ap

acit

y f

rom

in

-sta

te a

nd

reg

ion

al

win

d p

lan

ts

0.3

%8

%11

%21%

% o

f to

tal ele

ctr

ic p

ow

er

gen

era

tio

n (

MW

h)

So

lar3

Meg

aw

att

s 11

29

95

50

1,5

00

C

um

ula

tive M

W c

ap

acit

y f

rom

so

lar

0.2

%4

%10

%24

%%

of

tota

l ele

ctr

ic p

ow

er

gen

era

tio

n (

MW

h)

Hyd

ro (

VT

sm

all

)M

eg

aw

att

s 19

020

0215

225

Cu

mu

lati

ve M

W c

ap

acit

y f

rom

sm

all-

scale

hyd

ro

10%

12%

13%

9%

% o

f to

tal ele

ctr

ic p

ow

er

gen

era

tio

n (

MW

h)

Hyd

roQ

ue

be

c (

Imp

ort

)M

eg

aw

att

s 4

00

218

218

55

0E

xis

tin

g H

Q c

on

tract

(20

12)

rem

ain

s u

nch

an

ged

un

til

20

30

31%

22%

20

%37%

% o

f to

tal ele

ctr

ic p

ow

er

gen

era

tio

n (

MW

h)

Me

than

e (

Farm

an

d L

an

dfi

ll

Me

than

e)

Meg

aw

att

s 3

1722

45

Cum

ula

tive

MW

cap

aci

ty fro

m farm

and

land

fill

dig

est

ers

0.3

%2.0

%2.1%

4%

% o

f to

tal ele

ctr

ic p

ow

er

gen

era

tio

n

Tota

l E

lect

ric

Genera

tio

nG

igaw

att

Ho

urs

6,0

746

,03

06

,60

07,

80

0To

tal si

te e

nerg

y f

or

ele

ctr

ic g

en

era

tio

n

Ele

ctr

ic R

en

ew

ab

le S

hare

(S

ite

En

erg

y)4

%10

%5

5%

67%

97%

% o

f to

tal si

te e

nerg

y f

rom

ren

ew

ab

le r

eso

urc

es

Tota

l Ele

ctri

cSo

urc

e E

nerg

y5

TB

TU

44

.43

8.9

36

.027.

0S

ou

rce e

nerg

y f

or

ele

ctr

ical g

en

era

tio

n w

hic

h

inclu

des

foss

il fu

el co

mb

ust

ion

lo

sses

Tota

l E

ne

rgy

De

man

dT

BT

U14

414

211

89

3To

tal en

erg

y u

sed

in

all

secto

rs

Tota

l R

en

ew

ab

le E

ne

rgy %

6%

12%

20

%25

%9

0%

% o

f to

tal en

erg

y f

rom

ren

ew

ab

le r

eso

urc

es

17

ST

AT

E S

TR

EE

T,

SU

ITE

20

5,

MO

NT

PE

LIE

R,

VE

RM

ON

T 0

56

02

W

WW

.EA

NV

T.O

RG

90%

BY

20

50 M

ILES

TON

ES

ENERGY TARGETS TARGET TARGETDATE

2017STATUS

GOAL ORSTATUTE

CEP: Meet 90% of the state’s energy needs through renewables – including thermal, transportation, and electric (Note: energy sourced in-state and out-of-state)

90% 2050 20%CEP Goal

(2016)

25 by 25: Produce 25% of all energy consumed within the state through the use of renewable energy sources, particularly from forests and farms (in-state)

25% 2025 10%1 10 V.S.A. 580(a)(2007)

Energy Planning: Develop energy plans for regions and municipalities consistent with the CEP goals. Meeting the standards is voluntary, but provides greater weight in the energy generation siting process

11regions

2018 for RPCsVoluntary for

towns

3approved (regional)

8in process (regional)

Act 17424 V.S.A. 4302(c)(7)

(2016)

GHG Emissions: Reduce greenhouse gas emissions within the state and from outside the state’s boundaries caused by the use of energy within the state by 50% of 1990 levels by 2028, and by 75% by 2050 (in-state and out-of-state)

50% 2028104%of 1990 Levels2

10 V.S.A.578(a)(2005)75% 2050

Paris Agreement: Reduce GHG emissions by 26-28% below 2005 levels 26-28% 2025 11% (2013)2 VT Joined (2017)

RES Tier 1 - Total Renewable Electric: Obtain 55% of annual electric sales from renewables for each retail electricity provider in Vermont by 2017 and 75% by 2032. RECs retained for in-state and out-of-state sources

55%

75%

2017

2020

55%(Site Energy)

43%

(Source Energy)3

30 V.S.A 8002(2015)

RES Tier 2 - Distributed Generation: Require 1% of electricity sales to come from distributed generation in 2017, rising to 10% by 2032. Projects starting in mid 2015 are eligible, and new NM and Standard Offer projects count if RECs are retired (in-state)

1%

10%

2017

2032

1%

RES Tier 3 - Energy Innovation Projects: Require reduction in fossil fuel consumption equal to 2% of utility sales (in BTU equivalents), rising to 12% in 2032 as measured by the Public Utilities Commission (PUC). Projects must be “additional” and in service in 2015 or later (example tools: leasing, on-bill financing, marketing, direct investments). (in-state)

2%

12%

2017

2032

2%

Standard Offer: Issue SO contracts for new plants until a cumulative capacity of 127.5 MW is reached (new plants 2.2MW or less comissioned on or after Sept 30, 2009) (in-state)

127.5 MW 202276 MW

contracts awarded

30 V.S.A 8005a(C)(2011)

Housing Weatherization: Improve the energy fitness of at least 20% of VTs housing stock (total 2007 = 300,000 units) by 2017, and 25% by 2020

60,000

80,000

2017

2022

23,3974

(7.6% total) 10 V.S.A. 581(2007)

Housing Weatherization: Reduce the annual fuel needs and fuel bills by an average of 25% in housing units served

6% 2017 No Data

Building: Reduce total fossil fuel consumption across all buildings by an additional 0.5%/year for a total of 6% by 2017 and 10% by 2025

10% 2025 No Data10 V.S.A. 581

(2007)

Advanced Wood Heat: Increase wood’s share of building heat to 35% by 2030

35% 2030 21%5 (2014)CEP Thermal Goals

(2016)

Energy Use: Reduce total transportation energy use by 20% from 2015 levels by 2025

-20%39.1 trillion BTU

2025+25%

49.1 trillion BTU (2015)

CEPTransportationGoals (2016)

andVT TransportEnergy Profile

(2017)

Renewable Energy: Increase the share of renewable energy in all transportation to 10% by 2025 and 80% by 2050

10% 2025 5.5%(2015)

Emissions: Reduce transportation-emitted GHGs by 30% from 1990 levels by 2025

-30%3.22 MMTCO

2e

2025+14%

3.67 MMTCO2e

(2013)

Hold VMT Growth: Hold vehicle miles traveled (VMT) per capita to 2011 levels

11,402 2030 11,680(2015)

Reduce SOV Commuter Trips: Reduce share of single-occupancy vehicle commute trips by 20% of 2011 levels (79.2%)

-20% 2030 +1%, 80.7%(2015)

Increase Bike/Ped: Double the share of bicycle and pedestrian commute trips to 15.6%

15.6% 2030 7.1%(2015)

Increase State Park & Ride: Triple the number of state park-and-ride spaces from 2011 levels (1,142) to 3,426

3,426 2030 1,525(2017)

Increase Transit Trips: Increase public transit ridership by 110% from 2011 levels (4.58) to 8.7 million annual trips

8.7M 2030 4.71M(2016)

Increase Passenger Rail Trips: Quadruple Vermont-based passenger rail trips from 2011 levels (91,942) to 400,000 trips annually

400,000 2030 92,422 (2016)

Increase Rail-Based Freight: Double rail freight tonnage in the state from 2011 levels (6.6 million tons)

13.2million tons

2030 7.3million tons (2014)

Increase Renewably Powered Vehicles: Increase % of the vehicle fleet that are Plug-In Electric Vehicles to 10% by 2025

10% 2025 0.4%(2017)

Increase Renewably Powered Heavy Duty Vehicles: Increase number of medium and heavy-duty vehicles powered by biodiesel, CNG, and electric to 10% by 2025

10% 2025 No Data

EL

EC

TR

ICIT

YG

HG

E

MIS

SIO

NS

P. 31

MET UNDETERMINED UNMETVT STATUTORY ENERGY TARGETSAND 2017 STATUS

Source: Vermont Statutes, Public Service Department, Agency of Natural Resources 2017 Greenhouse Gas Emissions Update, VTRANS - 2017 VT Transportation Energy Profile; compiled by Energy Action Network.1. Estimated from EIA and PSD data. 2. 2017 ANR Estimates —Vermont Greenhouse Gas Emissions Inventory Update (1990-2013). 3. Source Energy includes all efficiency losses incurred in converting energy - notably fossil fuels - to electricity and is the most accurate way of measuring renewable energy, as captured in the VT CEP. 4. PSD Thermal Efficiency Task Force Update, 2014. 5. Biomass Energy Resource Center, VEIC, “Wood Heating in Vermont: A Baseline Assessment,” 2016 *Anticipated compliance with RES year 1 obligation, will be verified with 2018 compliance filings.

TR

AN

SP

OR

TA

TIO

N

25% by 2025 - Societal Benefits Meeting Vermont’s energy and climate goals will go far beyond increasing renewable energy and reducing our climate pollution. It will mean more affordable energy that is stably priced, more jobs in the growing clean energy sector, and more efficient homes and businesses. But it will also have numerous other societal benefits.

HEALTH AND HEALTH COSTS AIR QUALITY: Diesel fumes and other fossil fuel related pollutants have a negative impact on the health of Vermonters, estimated at over $29 million in health costs per year.26 Electric transportation and alternative modes of transportation are ways to alleviate this.

SUPPORTING VERMONT’S WORKING LANDSCAPE FORESTS: Accelerating the adoption of Advanced Wood Heat helps keep forests as forests by providing new markets for low-grade wood, enabling sustainable forest management; helps strengthen Vermont’s economy and communities with forest sector jobs; and keeps money re-circulating in-state.

AGRICULTURE: VT solar and methane digester projects help improve farm viability by diversifying farm revenue streams. Some farms are piloting arrays that allow for grazing and/or tilling under and between them, or that take advantage of barn roof space.

POLLINATORS AND CLEAN WATEREAN members are leading the way in finding win-wins-wins for farmers, pollinators, and clean water through collaborative approaches across sectors.

POLLINATORS: VT solar projects are helping reverse the decline of pollinating bee and bird species by using land under and around their arrays for pollinator-friendly plantings. EAN convened and developed a statewide partnership across multiple sectors to promote this win-win-win strategy. For more information on how to participate, visit: uvm.edu/extension/agriculture/pollinator-friendly-solar

CLEAN WATER: VT solar projects could help improve water quality by allowing farmers to earn revenue on land that needs to be taken out of crop production to help reduce the phosphorus in our waterways. EAN members are exploring ways to make this win-win-win strategy work for all interested parties.

26 The Clean Air Task Force study estimated the cost of the health impacts of fine particle diesel at $29 million in 2005.

VERMONT YOUTH CONSERVATION CORPS

TO

TA

L E

NE

RG

YT

HE

RM

AL

2017 Board of Directors & EAN Staff

P. 33

JAREDDUVAL

Executive Director,Energy Action Network

LINDAMCGINNIS

Network ProgramDirector, Energy Action Network

ROBFISH

Outreach and Engagement Manager,VT Community Energy Dashboard

STAFF

BOARD

LEIGH SEDDON

EAN Board Chair

L.W. SeddonConsulting, President

MEGAN CAMP

EAN Work Group Chair

Shelburne Farms,Vice President andProgram Director

ROBMILLER

VSECU, President and ChiefExecutive Officer

KARENGLITMAN

EAN Secretary

Efficiency Vermont,Director

ELLENKAHLER

EAN Treasurer

Vermont SustainableJobs Fund,Executive Director

BOB BARTON

EAN Work Group Chair

Catalyst FinancialGroup, Founder & CEO

JIMMERRIAM

EAN Work Group Chair

Norwich Solar Technologies,Chief Executive Officer

JIM SULLIVAN

EAN Work Group Chair

Bennington County Regional Commission, Executive Director and Planning Program Coordinator

CHRISTINE DONOVAN

Vermont Energy Investment Corporation,Director, BusinessStrategy and Innovation

DARREN SPRINGER

Burlington Electric Department, Chief Operating Officer

Funding, Expenses, & Financial Sustainability

TOTAL REVENUEMAVERICK LLOYD FOUNDATION $150,000

VLITE $142,500

CANADAY FAMILY CHARITABLE TRUST $100,000

JOHN MERCK FUND $50,000

SUSTAINABLE FUTURE FUND $25,000

HARRIS AND FRANCES BLOCK FOUNDATION $15,000

AMERICAN ENDOWMENT FOUNDATION $15,000

TOTAL REVENUES $497,500

In the past year of operation, EAN has maintained and strengthened ties with our existing funders and engaged

several new supporters as well.

The charts below show the broad components of EAN’s operating budget for Fiscal Year 2017. Overall, 90% of EAN’s

budget supported direct program work across our leverage points and development of the capacity of our network.

Administrative costs continue to be small and highly leveraged in support of active, value-added programs.

TOTAL EXPENSESADMINISTRATION $24,591

OFFICE & EQUIPMENT $22,601

FY17 PROGRAM EXPENSES $411,284

TOTAL OPERATING EXPENSES $458,476

FY 2018 PROGRAM CONTRACTS $39,024

TOTAL EXPENSES AND FUND ALLOCATIONS $497,500

5%ADMINISTRATION 5%

OFFICE & EQUIPMENT

90%FY17 PROGRAM

EXPENSES

24%NETWORK

DEVELOPMENT

53%VT ENERGY

DASHBOARD

15%ENERGY

TRACKING& ANALYSIS

7%PUBLIC ENGAGEMENT

5%ADMINISTRATION 5%

OFFICE & EQUIPMENT

90%FY17 PROGRAM

EXPENSES

24%NETWORK

DEVELOPMENT

53%VT ENERGY

DASHBOARD

15%ENERGY

TRACKING& ANALYSIS

7%PUBLIC ENGAGEMENT

EXPENSES PROGRAM BREAKDOWN

17 State Street, Suite 205, Montpelier, Vermont 05602

W W W. E A N V T. O R GV T E N E R G Y DA S H B O A R D . O R G