Item 14 Resource Gen and Climate Protection Plan Briefing — original pdf

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Item 14 Resource, Generation, and Climate Protection Plan Update Lisa Martin Deputy General Manager & Chief Operating Officer March 18, 2024 © Austin Energy Re-affirming Community Values and Priorities Austin Energy Resource, Generation, and Climate Protection Plan Reliability Sustainability Affordability 2 2030 Update or 2035 Plan Examine whether a mid-course 2030 update is sufficient or if the next plan should be a 2035 Plan to align generation portfolio goals Engage in a more robust, collaborative process to ensure a conversation addressing the needs of the Austin community and rooted in shared values of environmental sustainability and a common understanding of risks and challenges. 3 Moving Forward LCRA Negotiations Stakeholder Collaboration Demand-Side Programs Continue talks to reach an exit of Austin Energy’s portion of the Fayette Power Project Continue engaging with EUC working group members, conduct additional community outreach and education Understand market potential, ensure goals are robust and achievable 4 Request for Proposals (RFP) Gather Current Data Across Technologies Carbon-Free Generation RFP will include wind, solar, geothermal and hydrogen fuel cells Storage & Flex Fuel Will issue RFPs specific to battery storage and flexible-fuel generation Plan Integration RFP submissions will enable thorough comparisons regarding environmental impact, operational efficiency, and costs 5 Sustainability Comparing Year End 2023 Data 2023 GENERATION - AUSTIN ENERGY 2023 GENERATION - ERCOT 2023 GENERATION - UNITED STATES Natural Gas Wind Wind Coal Biomass Solar Geothermal Nuclear Biomass Hydro Coal Solar Nuclear Natural Gas Nuclear Natural Gas Wind Solar Geothermal Biomass Hydro Coal 74% Carbon Free 41% Carbon Free 40% Carbon Free Austin Energy is a Leader on the Path to Carbon Free 6 Reliability Survey says reliability is the #1 priority for customers, defined as, “Power generated from resilient sources that can operate in a variety of conditions” Conservation Alerts Demand Response Fatigue Extreme Weather Energy Emergency Alerts (EEAs) Local Blackouts Voltage Support Concerns Black Start Emergency 7 Affordability H W K r e p s t n e C PSA Rate 8 Finding the Right Balance Together 9 ©Austin Energy. All rights reserved. Austin Energy and the Austin Energy logo and combinations thereof are trademarks of Austin Energy, the electric department of the City of Austin, Texas. Other names are for informational purposes only and may be trademarks of their respective owners.