valuing electricity affordability, technology economy · valuing electricity ‐affordability, ......
TRANSCRIPT
Valuing Electricity ‐ Affordability, Technology & Economy
Presentation to the Adams County Economic Development
Board of DirectorsJuly 25, 2013
When we harness energy…
…we enable new ways to accomplish fundamental
tasks.
When we harness energy to provide power…
…we enable innovation.
1760-1840
"For the first time in history, the living standards of the masses of ordinary people began to undergo sustained growth ... Nothing remotely like this economic behavior is mentioned by the classical economists, even as a theoretical possibility.“
‐ Robert E. Lucas, Jr., Nobel Prize economist
1769
Horsepower = The work done when a horse lifts a 550‐pound load of water or coal out of a mineshaft at a rate of one foot per second a rate of one foot per second.
1850
The growing use of fossil fuels “freed human society from the fluctuations of natural energy flows by unlocking the Earth’s vast stores of oil, coal, and natural gas. Tapping these ancient concentrated deposits of solar energy multiplied the rate at which energy could be poured into the human economy.”
‐ U.S. Energy Information Administration
1879
1882
Pearl Street Station
1st Commercially practical
incandescent light
Where energy goes…
…so goes progress.
1923: Red Wing Project – 9 MN farms1925: 205K of 6.3M farms electrified1936: REA authorized by Congress1935-39: # of electrified farms doublesEarly 1970s: 98% of farms electrified1994: REA abolished, replaced by RUS
Today, innovation meets risk…
…and utilities must manage the risks of
providing electric power
Ozone PM2.5
Beginning CAIR Phase I Seasonal NOx Cap
HAPs MACT proposed
rule
Beginning CAIR Phase II Seasonal NOx Cap
Revised Ozone NAAQS
Begin CAIR
Phase I Annual
SO2 Cap
-- adapted from Wegman (EPA 2003)
Beginning CAIR Phase II Annual SO2 & NOx Caps
Next PM-2.5
NAAQS Revision
Next Ozone NAAQS Revision
SO2Primary NAAQS
SO2/NO2Secondary
NAAQSNO2 Primary NAAQS
SO2/NO2
New PM-2.5 NAAQS Designations
CAMR & Delisting Rule vacated
Hg/HAPS
Final EPA Nonattainment Designations
PM-2.5SIPs due (‘06)
Proposed CAIR Replacement
Rule Expected
HAPS MACT final rule expected
Reconsidered Ozone SIPs
due
CAIR Vacated
HAPS MACT Compliance 3 yrs
after final rule
CAIR Remanded
CAIR
Begin CAIR
Phase I Annual
NOx Cap
PM-2.5 SIPs due (‘97)
316(b) proposedrule expected
316(b) final ruleexpected
316(b) Compliance3-4 yrs after final ruleEffluent
Guidelinesproposed rule
expected
Water
Effluent GuidelinesFinal rule expected Effluent Guidelines
Compliance 3-5 yrs after final rule
Begin Compliance Requirements
under Final CCB Rule (ground
water monitoring, double monitors, closure, dry ash
conversion)
Ash
Proposed Rule for CCBs
Management
Final Rule for CCBs Mgmt
Final CAIR Replacement
Rule Expected
Compliance with CAIR
Replacement Rule
CO2
CO2Regulation
Reconsidered Ozone NAAQS
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17
EIBRulemaking
We meet the challenge by…
… diversifying our fleet…
Worldwide rural electrification progresses only slowly.
We meet the challenge by…
…investing in R&D and technology.
We meet the challenge by…
…educating and enabling.
Take away’s…
Affordable electric power is an indispensible
resource for families, businesses, rural
communities and the economy.
Energy regulations should be based on science and engineering principles, not political goals.
We can generate affordable, reliable
electricity AND protect human health and the
environment.
Electric co‐ops live the “all of the above” energy concept – and don’t believe any fuel should be taken off the table.
Questions?
Thanks!Drew Kramer
Public Affairs ManagerO: (303) 254‐3086M: (303) 681‐1341