Projects Wyoming Infrastructure Authority Spring Conference March - PowerPoint PPT Presentation

Wyoming Energy Projects Wyoming Infrastructure Authority — Spring Conference March 28-29, 2019

PacifiCorp Overview • Two divisions – Rocky Mountain Power and Pacific Power • 5600 Employees • 1.9 million electricity customers • 141,000 square miles of service territory in six states • 17,457 miles of transmission • 10,887 MW owned generation capacity • Generating capacity by fuel type ⁻ Coal 55% ⁻ Natural Gas 25% ⁻ Hydro 10% ⁻ Wind, geothermal and other 10%

History in Wyoming Mountain States Power Acquisitions 1924 - Evanston Electric Light Co. 1925 - Green River Electric Light and Power Co. 1918 - 1945: Natrona Power Company; Midwest Public Service Company; Thermopolis Northwest Electric Company; Northwest Transmission Company; Glenrock Municipal Power; Buffalo Northwest Electric Company; Shoshoni Light & Power Company; Wyoming Hydro Electric Company; Douglas Light & Power Company PacifiCorp and Predecessor Acquisitions 1954 - Mountain States Power Co. 1955-1961 - PacifiCorp acquires municipal utility systems in Laramie, Rawlins, Rock Springs 1958 - Dave Johnston 1963 - Naughton 1974 - Jim Bridger 1978 - Wyodak *Transmission construction, Ca. 1950

Wyoming Overview • 140,712 Wyoming Customers • ~75% Industrial Load • 1,298 Rocky Mountain Power Employees • More than 700 Retirees

Expanding energy diversity and economic growth starts with infrastructure

Actively Investing in Wyoming’s Infrastructure • $3.1 billion ($2.6 billion in Wyoming) Energy Vision 2020 initiative includes: ⁻ Upgrading or “repowering” existing wind fleet with larger blades and newer technology ⁻ Adding 1,150 megawatts of new wind resources by the end of 2020 ⁻ Building a new 140-mile Gateway West transmission segment in Wyoming to enable additional wind generation • Over $300 million annually in labor, O&M, and other services in Wyoming • Over $24 million in annual taxes in Wyoming

Energy Vision 2020 Wind Repowering - Wyoming

Wind Repowering Project Details In-service Current Net Capacity Project Name Location Date (MW) Wyoming Glenrock I Glenrock, WY 9/2019 99.0 Glenrock III Glenrock, WY 7/2020 39.0 Rolling Hills Glenrock, WY 9/2019 99.0 Seven Mile Hill I Medicine Bow, WY 9/2019 99.0 Seven Mile Hill II Medicine Bow, WY 9/2019 19.5 High Plains McFadden, WY 11/2019 99.0 McFadden Ridge McFadden, WY 11/2019 28.5 Dunlap I Medicine Bow, WY 11/2020 111.0 Foote Creek I Arlington, WY 9/2020 40.8 Total 634.8

Energy Vision 2020 New Wind Projects • 400 MW Cedar Springs project in Converse County , which will be built by NextEra Energy Resources, LLC, with half of the project owned by PacifiCorp, and half of the project owned and delivered by NextEra under a power purchase agreement • 500 MW TB Flats project in Carbon County , which was developed by Invenergy, and will be built, owned and operated by PacifiCorp • 250 MW Ekola Flats project in Carbon County , which was developed by Invenergy, and will be built, owned and operated by PacifiCorp

Gateway West

PacifiCorp Major Transmission Projects • Gateway West ⁻ BLM record of decision on 8 of 10 segments November 2013 ⁻ BLM record of decision on last 2 segments April 2018 • Aeolus-to-Jim Bridger/Anticline ⁻ Segment D2 of Gateway West ⁻ Planned in-service Q4 2020 • Gateway South ⁻ BLM record of decision December 2016 • Boardman-to-Hemingway ⁻ BLM record of decision December 2017 ⁻ Oregon Energy Facility Siting Council permit target date December 2020 • Segments In-Service ⁻ Populus-to-Terminal November 2010 ⁻ Mona-to-Oquirrh May 2013 ⁻ Sigurd-to-Red Butte May 2015 ⁻ Wallula to McNary January 2019

Energy Gateway Permitting Gateway West (988 miles 230, 345 and 500 kV) Milestone Date Cumulative Duration SF299 Filed Apr. 18, 2007 Public Scoping May 16, 2008 1 year 28 days Draft EIS July 29, 2011 4 years 3 months Final EIS Apr. 26, 2013 6 years 8 days Record of Decision for most of project Nov. 14, 2013 6 years 7 months Bureau of Land Management Notice to Proceed for Aeolus to Jim Bridger March 25, 2019

$3.2M Ekola Flats Bridge and Road • Completed in 2018, the Ekola bridge and the resurfacing of 10 miles of County Road 121 in Carbon County support construction of Gateway West

Low-cost and reliable energy is our fundamental building block

Average Electricity Price by State Hawaii Massachusetts Connecticut New Hampshire New York Rhode Island California Maine New Jersey Vermont Maryland District of Columbia Arizona Delaware Michigan Illinois Wisconsin Deregulated States U.S. Average U.S.A. Kansas Pennsylvania South Dakota Regulated States Florida Alabama Washington Ohio Minnesota Montana Colorado Oregon PACIFIC POWER Indiana Missouri New Mexico Nevada * Nevada South Carolina Georgia North Dakota West Virginia Kentucky *Nevada Public Service Commission Virginia Mississippi estimates that residents will pay $4.1 billion Iowa if the state chooses to deregulate. No other Utah North Carolina state has deregulated in the last 20 years. Idaho Of the 24 states who attempted to Arkansas Rocky Mountain Power Average deregulate, only 14 remain. ROCKY MOUNTAIN POWER Tennessee [CATEGORY NAME] Wyoming Oklahoma Texas Louisiana 0.00 5.00 10.00 15.00 20.00 25.00 30.00 16 Average Rate (¢/kWh) Source: Edison Electric Institute Sales and Revenue Data for the 12 months ending December 2017

Rate Pledge: In 2017, Rocky Mountain Power made a commitment to its Wyoming customers to keep base rates flat through 2020

Energy Landscape is Rapidly Changing • Customer Demands and Expectations ⁻ The majority of Wyoming’s power is exported to other states ⁻ States, customer groups, corporations, and individuals are increasingly desiring generation portfolios with greater renewable resource allocations ⁻ Economic development opportunities • Low Cost Renewables • Low Cost Natural Gas • Environmental Compliance Costs ⁻ Costs since 2010 more than $1 billion ⁻ Changing landscape going forward

Partnerships Matter, More Than Ever • Smart, strategic investments in states and communities are best identified, explored and realized by working in partnership • Focused on identifying the lowest-cost energy mix for customers while building an energy future that ensures reliability • At Rocky Mountain Power, you’ll see us actively inspired and engaged in this work - We call it Powering Your Greatness ⁻ Integrated Resource Planning ⁻ University of Wyoming Partnerships ⁻ Small Business Direct Partnerships ⁻ Investment in Infrastructure

A Partner in Growth • We are committed to making our communities stronger, cleaner and safer places to live and work • By working closely with state and local development organizations, we strive to help communities enhance their economic vitality • Committed to working with community leaders and organizations to build economic vitality strategies and action plans • Focused on attracting top companies and high-paying jobs as well as helping existing companies expand • It's a job we've done well for nearly a century