Energy Jobs in a Changing WorldEnergy Jobs in a Changing World
Judy PoferlJudy PoferlPresident and CEO, NSP-MNPresident and CEO, NSP-MNAugust 17, 2011August 17, 2011
Maintain reasonably Maintain reasonably priced, reliable energypriced, reliable energy
Address risk through Address risk through advanced, balanced, and advanced, balanced, and diverse energy portfoliodiverse energy portfolio
Create value for Create value for customers, shareholders customers, shareholders and employeesand employees
Northern States Power Company
Minnesota
Northern States Power Company
Minnesota
Public Service Company of
Colorado
Public Service Company of
Colorado
Southwestern Public Service
Company
Southwestern Public Service
Company
Northern States Power Company
Wisconsin
Northern States Power Company
Wisconsin
Xcel Energy Service TerritoriesXcel Energy Service Territories
Gas Customers 1.9 MGas Customers 1.9 M
Electric Customers 3.4 MElectric Customers 3.4 M
Our FocusOur Focus
Reasonable costReasonable cost
Safe serviceSafe service
Reliable serviceReliable service
Forward-lookingForward-looking
Fuel diversityFuel diversity
Environmental leadership Environmental leadership
Innovation for the futureInnovation for the future
Our Investments Result in JobsOur Investments Result in Jobs
NSP Planned Infrastructure Investments NSP Planned Infrastructure Investments ~ $7.2 Billion Between 2010 and 2015~ $7.2 Billion Between 2010 and 2015
0 $0.5B $1.5B $2.0B $2.5B
WindWind
DistributionDistribution
Coal/Nat GasCoal/Nat Gas
NuclearNuclear
TransmissionTransmission
$1.0B
TransmissionTransmission
Ensuring a reliable energy Ensuring a reliable energy system for the futuresystem for the future
─ Example: CapX2020Example: CapX2020
─ First major transmission build-out in First major transmission build-out in the Upper Midwest since the 1970’sthe Upper Midwest since the 1970’s
Focus on transmission Focus on transmission projects needed to serve our projects needed to serve our customerscustomers
Bemidji
Grand RapidsFargo
Alexandria
MonticelloGranite
Falls Hampton
La CrosseRochester
Minneapolis
Brookings
Upper Midwest Fuel MixUpper Midwest Fuel Mix
CurrentNuclear
30%Other15%
Coal 39%
Wind9%
NaturalGas7%
2025
Nuclear28%
Other7%
Coal 29%
Wind20%
NaturalGas16%
Opportunities From InnovationOpportunities From Innovation
#1 wind energy provider#1 wind energy provider
Nationally known energy Nationally known energy efficiency effortsefficiency efforts
Solar capacity – top tenSolar capacity – top ten
Lead the utility sector in Lead the utility sector in reducing air emissionsreducing air emissions
Stakeholder AlignmentStakeholder Alignment
Policymakers Building long-term goals
Customers
Having access to sound programs and options
Keeping rates reasonable
RegulatorsImplementing an efficient and effective framework for oversight and cost recovery
Community Creating jobs and energy sustainability
Shareholders Reducing risk and providing growth
Our Employee ProfileOur Employee Profile
35% of Xcel Energy employees are eligible to retire 35% of Xcel Energy employees are eligible to retire in 5 yearsin 5 years
Opportunities will be available in many job Opportunities will be available in many job functionsfunctions
Emerging technologies require new skillsEmerging technologies require new skills
A more diverse workforceA more diverse workforce
North Dakota Electric RatesNorth Dakota Electric Rates
7.99¢ 8.49¢ 8.93¢10.04¢
11.51¢
Xcel EnergyND
SD MT MN U. S.
Average residential electric rates by stateAverage residential electric rates by state
Source: U.S. Energy Information Administration website, Rpt 861. Rates reflect 2009 averages.
Built to LastBuilt to Last
We have built on a solid strategy to meet the needs We have built on a solid strategy to meet the needs of our customers and grow our business of our customers and grow our business
Our proactive initiatives have been achieved at Our proactive initiatives have been achieved at minimal costminimal cost
We have increased our fuel diversity, which We have increased our fuel diversity, which balances fuel purchase price and environmental riskbalances fuel purchase price and environmental risk
We are well positioned to meet new environmental We are well positioned to meet new environmental regulations that may come in the near futureregulations that may come in the near future