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New Jersey Board of Public Utilities (USA) World Forum on Energy Regulation Québec City, Canada May 15, 2012 Jeanne M

New Jersey Board of Public Utilities (USA) World Forum on Energy Regulation Québec City, Canada May 15, 2012 Jeanne M. Fox, Commissioner. U.S. ELECTRIC POWER INDUSTRY NET GENERATION 2011 .

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New Jersey Board of Public Utilities (USA) World Forum on Energy Regulation Québec City, Canada May 15, 2012 Jeanne M

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  1. New Jersey Board of Public Utilities (USA) World Forum on Energy Regulation Québec City, Canada May 15, 2012 Jeanne M. Fox, Commissioner

  2. U.S. ELECTRIC POWER INDUSTRY NET GENERATION 2011 SOURCE: EIA, MONTHLY ENERGY REVIEW, MARCH 2012, TABLE 7.2A ELECTRICITY NET GENERATION. HTTP://WWW.EIA.DOE.GOV/TOTALENERGY/DATA/MONTHLY/PDF/MER.PDF

  3. U.S. ENERGY CONSUMPTION BY SOURCE 2011 SOURCE: EIA, MONTHLY ENERGY REVIEW, MARCH 2012, TABLE 1.3 PRIMARY ENERGY CONSUMPTION BY SOURCE (QUADRILLION BTU), 7 HTTP://WWW.EIA.GOV/TOTALENERGY/DATA/MONTHLY/PDF/MER.PDF

  4. New Jersey’s 2011 Energy Master Plan (EMP)

  5. 2011 EMP’s 5 Major Goals

  6. New Jersey’s Energy Mix 2011 New Jersey Energy Generation by Fuel Type (MWh and %) 2010 Existing Capacity in New Jersey by Fuel Type (MW and %) Coal is a major source of CO2 emissions and will no longer be accepted as a new source of power in the State. New Jersey generating capacity totals 17,227 MW, about 84% of New Jersey’s peak load of 20,548 MW in 2010. Source: EIA

  7. New Jersey Generating Capacity (1990-2009) Northeast Region Natural Gas Pipeline Network Source: EIA

  8. New Jersey Electric Generation (1990-2009) Source: EIA Adding renewable energy coupled with other demand side technologies portends greater supply and demand diversity as we move forward.

  9. New Jersey Electric Imports (1990-2009) The degree to which New Jersey has relied on imports has varied over time. While about 25% of State-wide use was via imports in 2009, one decade earlier total imports were about one-half of the State’s needs. Fuel Mix of Existing PJM Installed Generating Capacity Source: EIA PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia.PJM’s role as a federally regulated RTO means that it acts independently and impartially in managing the regional transmission system and the wholesale electricity market. PJM ensures the reliability of the largest centrally dispatched grid in North America.

  10. Infrastructure Expansion We are committed to the expansion of New Jersey’s natural gas infrastructure in a manner that safeguards our natural and cultural resources and prevents any adverse impact on safety and homeland security. Federal Energy Regulatory Commission (FERC) - is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil.

  11. Nuclear Plants in New Jersey Nuclear Regulatory Commission’s (NRC) regulatory activities are focused on reactor safety oversight and reactor license renewal of existing plants, materials safety oversight and materials licensing for a variety of purposes, and waste management of both high-level waste and low-level waste. In addition, the NRC is preparing to evaluate new applications for nuclear plants.

  12. Long-Term Capacity Agreement Pilot Program (LCAPP) LCAPP was designed to promote the development of 2,000 MW of new baseload and/or mid-merit generation facilities for the benefit of New Jersey’s electric consumers. • Benefits • Improve electric gridreliability within New Jersey • Produce economic benefits including job creation and a present value savings of approximately $1.8 billion for New Jersey’s electricity consumers. • Improve Environmental Impacts

  13. New Jersey’s Clean Energy Program New Jersey's Clean Energy Program™ promotes increased energy efficiency and the use of clean, renewable sources of energy including solar, wind, geothermal, and sustainable biomass. NJCEP offers financial incentives, programs, and services for residential, commercial, and municipal customers.

  14. Renewable Energy Success Over 729 MW of sustainable energy is provided by these solar, wind, biomass, and fuel cell projects • As of February 2012, New Jersey has installed: • 14,600 renewable energy projects • 14,530 solar systems across the state

  15. Solar Renewable Energy Credits - SRECs 78% of New Jersey’s installed solar capacity is from the SREC Registration Program (SRP) Cash Outflow Capital cost of system – large initial investment Cash Inflow Federal Investment Tax Credit Solar Alternative Compliance Payment (SACP) SRECs inbound cash flow based on the actual production of energy from the system Energy -savings O & M – Minimal maintenance 1 15 25 Year

  16. New Jersey’s Renewable Portfolio Standard U.S. States with Solar Provisions in Their RPS Policies New Jersey’s solar RPS is one of the most aggressive in the U.S. Source: DOE Database of State Incentives for Renewables and Efficiency

  17. Advantages of a Diverse Supply Portfolio • Mitigates risk • Greater flexibility to redress future events • New Jersey currently reviewing diverse in-State supply options: • Increasing conventional generation resources • Encouraging indigenous renewable resources • Reducing peak demand through Energy Efficiency and Demand Response

  18. Thank you. New Jersey Board of Public Utilities (USA) Jeanne M. Fox, Commissioner Please visit NJCleanEnergy.com or call 866-NJSMART for more information!

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