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Office of the Oklahoma Secretary of Energy Multi-State NGV Initiative Overview C. Michael Ming Secretary of Energy State of Oklahoma Oklahoma House of Representatives Interim Study Oklahoma City, OK September 11, 2012
The Bipartisan Multistate Coalition RFP States Very Interested MOU States Outreach Forums
Timeline Colorado Oklahoma
Requests For Information (RFI): Informing The Multistate Solicitation OEMs * Infrastructure Upfitters/Converters/QVMs Retail Sales Producers * Responding Late
Developing A Practical Strategy Long-Term Vision Near-Term Success
Oklahoma Vehicles Inventory • Key Statistics • FY-11 Total Inventory: • 11,092** • FY-11 Purchases: • ~751 • Average Price Purchase Price: • Overall: $33,644 • ½ ton Pickup s~ $26,000 • Sedans ~ $18,000 • Compact Sedans ~ $16,000 • More Than 80% of Vehicles Fall Within Proposed Bands Band 8 Band 1 Band 5 Bands 6/7 Band 2 * Excludes DPS, Higher Education, and most nonreporting agencies. ** Includes most higher education.
Oklahoma Fleet Age • Key Statistics • Average Vehicle Replacement Schedule: • DPS/ODOT: 175,000 miles • FMD: 120,000 miles • Higher Education: 60,000 miles
Oklahoma CNG Infrastructure Source: CNGnow.com, August 27, 2012
Peering Into The Black Box: CNG Pricing Pump Price of $1.99/gge Pump Price of $2.45/gge Source: Chesapeake Energy Corporation, 2012
Low Variable Costs Mitigate Price Volatility • If NYMEX is $4.00/mcf • CNG is 1.50/gge • If NYMEX is $8.00/mcf • CNG is 2.00/gge • If NYMEX is $12.00/mcf • CNG is 2.50/gge Source: Chesapeake Energy Corporation, 2012
Additional Items: New CAFE Standards • Promoting A “Technology Neutral Approach” • CAFE standards influence manufacturer product planning • New standards for 2017-2025 model years finalized August 28, 2012 • PHEVs, NGVs receive same incentives under the final rule
Office of the Oklahoma Secretary of Energy C. Michael Ming Email: email@example.com Web: www.ok.gov/energy