Provider’s Perspective on the Future
12
1 Provider’s Perspective on the Future Bill Levis President, PSEG Power
description
Provider’s Perspective on the Future. Bill Levis President, PSEG Power. PSEG Climate Change Strategy. CLEAN CENTRAL STATION POWER. CONSERVATION. RENEWABLES. Electricity Generation – 2007. United States. New Jersey. Total New Jersey Capacity (MW). Total GWh: 55,300. - PowerPoint PPT Presentation
Transcript of Provider’s Perspective on the Future
1
Provider’s Perspective on the FutureProvider’s Perspective on the FutureBill Levis
President, PSEG Power
Bill Levis
President, PSEG Power
2
PSEG Climate Change StrategyPSEG Climate Change Strategy
RENEWABLES CONSERVATION
CLEAN CENTRALSTATION POWER
3
Electricity Generation – 2007Electricity Generation – 2007
United States New Jersey
4
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
1990 1995 2000 2005
Nuclear Coal Natural Gas Oil Other
Total New Jersey Capacity (MW)Total New Jersey Capacity (MW)
5
53%
23%
22%
Oil 1%
Pumped Storage 1%
Nuclear
Coal
Gas
Total GWh: 55,300
18%46 %
8 %27 %
CoalGas
Oil Nuclear
PumpedStorage
1%
Total MW: 13,487*
PSEG Power PortfolioPSEG Power Portfolio
Fuel Diversity – 2008 Energy Produced – 2008
6
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
2020 PSEG Powerprojected 2020
Nuclear CoalNatural Gas OilOther On-siteWind SolarBiomass
Meeting the 2020 Generation ExpectationsMeeting the 2020 Generation Expectations
Getting the most out of our assets
Invest in reliability improvements
Operate with excellence
Reduce environmental footprint
7
Investments in OperationInvestments in Operation
Nuclear ~$440 million investment in EPU and Steam Generator replacement,
adding 200 MW Pursuing License Renewal
Coal ~$1.5 billion investment in NJ Coal units for environmental and
reliability improvements
Natural Gas Linden combined cycle investments Potential HEDD unit replacements Water injection for environmental improvements
8
Operating with ExcellenceOperating with Excellence
NJ Coal Output(GWh)
6.66.0
5.04.3
5.4
2005 2006 2007 2008 2009 Target
NJ Combined Cycle Output (GWh)
11.9
9.3
6.6
5.3
3.4
2005 2006 2007 2008 2009 Target
NJ Nuclear Output (GWh)
28.727.727.028.025.9
2005 2006 2007 2008 2009 Target
9
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
PS
EG
NJ
Gen
erat
ion
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Met
ric
To
ns
Total Generation Total SO2 / NOx
Reduce Environmental FootprintReduce Environmental Footprint
10
Other Investment Challenges – where do we go from here?Other Investment Challenges – where do we go from here?
How much transmission will be built and where?
What will the price of carbon be?
What will interconnect costs be for new units?
Will the rules be the same throughout the market?
Will we be successful in electrifying transportation?
What fuels will be available / economic?
Will we have a technology breakthrough?
11
Looking Beyond 2020 Looking Beyond 2020
How are we ensuring our fuel diversity? In 2030, 75% of NJ coal generation will be >60 yrs old In 2030, 3 out of 4 NJ nuclear plants will be >50 yrs old
If we find we need more electricity, where can we get it?
0 5 10 15
Peaking
Combined Cycle
Coal
Nuclear
Years
Permitting
Construction
?
12
PSEG Climate Change StrategyPSEG Climate Change Strategy
RENEWABLES CONSERVATION
CLEAN CENTRALSTATION POWER
Solar FilingsCAESOffshore Wind
Efficiency FilingsLEEDs Building
Asset OptimizationInvestmentsOperational ExcellenceEnvironmental Footprint
Nuclear License RenewalNew Nuclear Development
