New Business Models Melisa Johns
SEPA Utility Solar Conference April 29 -30, 2014 Melisa Johns, Director –Business Development Renewable Generation Development
Overview and Commitment Committed to delivering safe, reliable, affordable and increasingly clean electricity. Largest utility in the United States − Total assets: ~$115 billion − U.S. generation capacity: ~ 58 GW diversified portfolio − Electric customers: 7.2 million − Gas customers: 0.5 million
Geographic diversity Midwest
Highly-regulated business with earnings diversity
Carolinas
3% 12% Florida
Region
85%
Regulated Utilities
International
Commercial Power
Electric Customers
Carolinas
3.9 million
Florida
1.7 million
Midwest
1.6 million 2
“The Renewables Road Ahead” Solar and Distributed Energy Resources (DER): Gaining momentum Creating challenges and opportunities Making solar policies fair to all customers
Complex Business Integrating DER into a centralized G, T and D system Investing in the T&D grid
Customer Choice and Behavior Key drivers of products and services Committed to work with others Fairness to all customers 3
Renewable Generation Development (RGD) Strategy and Policy - Develop strategy and policies to drive renewable and distributed energy resource activities
Compliance and Operations- Execute
existing Duke’s compliance responsibilities related to renewable energy. Evaluate operational impacts of intermittent resources. Manage interactions with renewable generators that connect to our system.
Business Development - Provide ability to commercialize solar PV, DG and related product offerings
Renewable Strategy & Policy
Business Development
George Brown
Melisa Johns
Analysis & Reporting
Compliance & Origination
Jose Merino
Gary Freeman
Analytics and Reporting – Perform modeling and analysis to support development and develop required reporting
4
Collaborating Together for Comprehensive Solutions Legislators Customers Regulators
Green Source Rider Future Offers
Utilities Environmental Advocates
SC Legislation
Developers
5
Overview and Commitment Committed to delivering safe, reliable, affordable and increasingly clean electricity. Largest utility in the United States − Total assets: ~$115 billion − U.S. generation capacity: ~ 58 GW diversified portfolio − Electric customers: 7.2 million − Gas customers: 0.5 million
Geographic diversity Midwest
Highly-regulated business with earnings diversity
Carolinas
3% 12% Florida
Region
85%
Regulated Utilities
International
Commercial Power
Electric Customers
Carolinas
3.9 million
Florida
1.7 million
Midwest
1.6 million 2
“The Renewables Road Ahead” Solar and Distributed Energy Resources (DER): Gaining momentum Creating challenges and opportunities Making solar policies fair to all customers
Complex Business Integrating DER into a centralized G, T and D system Investing in the T&D grid
Customer Choice and Behavior Key drivers of products and services Committed to work with others Fairness to all customers 3
Renewable Generation Development (RGD) Strategy and Policy - Develop strategy and policies to drive renewable and distributed energy resource activities
Compliance and Operations- Execute
existing Duke’s compliance responsibilities related to renewable energy. Evaluate operational impacts of intermittent resources. Manage interactions with renewable generators that connect to our system.
Business Development - Provide ability to commercialize solar PV, DG and related product offerings
Renewable Strategy & Policy
Business Development
George Brown
Melisa Johns
Analysis & Reporting
Compliance & Origination
Jose Merino
Gary Freeman
Analytics and Reporting – Perform modeling and analysis to support development and develop required reporting
4
Collaborating Together for Comprehensive Solutions Legislators Customers Regulators
Green Source Rider Future Offers
Utilities Environmental Advocates
SC Legislation
Developers
5
