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Creating Benefits for New England: Putting the Pieces Together Power from the North Roundtable

Creating Benefits for New England: Putting the Pieces Together Power from the North Roundtable February 29, 2008 Jim Robb Northeast Utilities. Energy / Growth / Leadership. New England is at Significant Cross Roads. Continuing Rate Pressure. Record high electric prices

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Creating Benefits for New England: Putting the Pieces Together Power from the North Roundtable

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  1. Creating Benefits for New England: Putting the Pieces Together Power from the North Roundtable February 29, 2008 Jim Robb Northeast Utilities Energy / Growth / Leadership

  2. New England is at Significant Cross Roads Continuing Rate Pressure • Record high electric prices • Significant infrastructure investment on horizon • Regulator and customer frustration System Reliability • Resource Adequacy • Fuel Diversity • Grid Reliability • System Operability Increasing Environmental Pressure • Growing consensus on climate change with policy action • Federal GHG legislation likely in next 2 years • RGGI already here in Northeast • Renewable Portfolio Standards • Aggressive demand side / energy efficiency aspirations

  3. New Energy Efficiency and Demand Response Models Economic Low Emissions Imports • Funding • Programs • New Business Models • Quebec • New Brunswick • Newfoundland & Labrador Development of New England Renewable Resources Supportive Regulatory & Legislative Policy • Wind • Biomass • Northern New England • Renewable Qualifications • Transmission Pricing • Carbon Policies • Contract Options The Four Pieces of the Puzzle

  4. Northern New England and Eastern Canada Will Become Valuable Sources to Meet New England’s Needs Eastern Canadian Development New England’s Most Attractive Renewable Energy Locations Newfoundland & Labrador Exploring development of large Hydro facilities H H B Quebec Hydro Quebec plans $20 Billion investment in Hydro and export transmission W B W H W B W W B Biomass B New Brunswick Exploring development of 1 or 2 nuclear units Hydro H N Nuclear W N Wind W General Movement Of Power

  5. Transmission Enablers for the Integration of Renewable and Low Emissions Generation Resources New HVDC Line from Hydro Quebec to central NH Maine Power Connection helps integrate renewable resources from northern Maine Northern New Hampshire 115 kV upgrades for the integration of renewable resources Maine Power Reliability Program solves Maine reliability problems Utilizes exisiting and future 345 kV grid in NH and VT to meet future reliability needs (in RSP today). New HVDC Line Newington, NH to Boston Area

  6. Components of a Portfolio

  7. A Portfolio Approach for Renewable Portfolio Standards (RPS) RPS Requirements Gap 20.7 million MWh Existing Renewables

  8. A Portfolio Approach for Renewable Portfolio Standards (RPS) RPS Savings (millon MWh) RPS Requirements DSM 3.0 Gap 17.7 million MWh Existing Renewables

  9. A Portfolio Approach for Renewable Portfolio Standards (RPS) RPS Savings (millon MWh) RPS Requirements DSM 3.0 Gap 14.5 million MWh Renewables 6.2 Existing Renewables

  10. A Portfolio Approach for Renewable Portfolio Standards (RPS) RPS Savings (millon MWh) RPS Requirements DSM 3.0 Gap 4.0 million MWh New HQ Tie Line* 10.5 Renewables 6.2 Existing Renewables * Assumes large hydro from Canada qualifies as a renewable resource.

  11. A Portfolio Approach for Regional Greenhouse Gas Initiative (RGGI) Requirements Projected New England CO2 Emissions @ 1.3% energy growth Gap 21.1 million Tons New England RGGI Budget

  12. A Portfolio Approach for Regional Greenhouse Gas Initiative (RGGI) Requirements Projected New England CO2 Emissions @ 1.3% energy growth DSM/EE reduces energy growth to 0.9% (7.1 MTons) Gap 14.0 million Tons New England RGGI Budget

  13. A Portfolio Approach for Regional Greenhouse Gas Initiative (RGGI) Requirements Projected New England CO2 Emissions @ 1.3% energy growth DSM/EE reduces energy growth to 0.9% (7.1 MTons) New NE Renewables (3.4 MTons) Gap 10.6 million Tons New England RGGI Budget

  14. A Portfolio Approach for Regional Greenhouse Gas Initiative (RGGI) Requirements Projected New England CO2 Emissions @ 1.3% energy growth DSM/EE reduces energy growth to 0.9% (7.1 MTons) New NE Renewables (3.4 MTons) New HQ Tie Line (5.8 MTons) Gap 4.8 million Tons New England RGGI Budget

  15. The Power of a Portfolio Approach • Less risk – utilizes a mix of resources • Transmission additions to enable remote resources to reach New England load centers • Tangible benefits for customers • Economic • CO2 Reduction • Renewable Resources • Fuel Diversity and System Operability Despite seemingly aggressive targets, a portfolio of solutions pursued aggressively could succeed at addressing reliability issues, economic concerns, and environmental priorities

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