Xcel Energy Inc. · NASDAQ:XEL

Xcel Energy — Corporate Update (December 2021)

30 slides from Xcel Energy's corporate update, Dec 17, 2021

  1. Slide 1: 2021-2023 Transportation Electrification Plan Quarterly Stakeholder Meeting

    Public Service Company of Colorado (PSCo) 2021-2023 Transportation Electrification Plan (TEP) Quarterly Stakeholder Meeting December 17th, 2021

  2. Slide 2: Agenda

    AGENDA 1.TEP Program Development, Updates, & Timelines 2. Partnerships, Research, & Innovation (PRI) Project Updates 3. October 15th EV Filing 4. Wrap Up © 2021 Xcel Energy 2

  3. Slide 3: TEP Program Development, Updates, & Timelines

    1. TEP PROGRAM DEVELOPMENT, UPDATES, & TIMELINES Equity Programs, Residential Portfolio, MFH Portfolio, Commercial Portfolio, Advisory Services, Partnerships/Research/Innovation (PRI) © 2021 Xcel Energy 3

  4. Slide 4: Residential Home Charging Programs

    Residential Home Charging Programs EV Accelerate At Home (EVAAH) • RFP to select partner electricians is complete • Program Launched in Colorado on August 5th o Provides hassle-free installation and maintenance of utility-owned level 2 charger for $13.29 monthly fee o EV static optimization required

  5. Slide 5: Residential Optimization

    Residential Optimization Optimize Your Charge Program (Static Optimization) • Program live in CO Aug 2021 o Customers get $50 annual bill credit for charging at least 25% of the time during one of Xcel Energy's three off-peak charging schedules o Current participation via eligible Level 2 chargers (

  6. Slide 6: EV Purchase/Lease Rebate for Income Qualified Customers

    EV Purchase/Lease Rebate for Income Qualified Customers • Income-qualified customers get $3,000 off a pre-owned EV and $5,500 off a new EV; maximum MSRP or sale price is $50,000 • Program live in August, over 50 applications have been received to date • About 15 new EV drivers out on the road becaus

  7. Slide 7: EV Dealer Network (Advisory Services)

    EV Dealer Network (Advisory Services) • Our voluntary network of local dealer partners was launched in March 2021 • We offer in-showroom tools and resources to help customers save and get set to charge at home • Network has organically grown across Xcel Energy's footprint to include 55 dealers, with

  8. Slide 8: Multi-Family Housing (MFH) Programs

    Multi-Family Housing (MFH) Programs EV Supply Infrastructure (EVSI) • Application window closed 9/30 • 33 Applications during Q3/4 Application Round • All 33 Sites Approved • 14 Assigned • 19 Shared Rebates • Helping EVSI applicants and others apply for the rebate • New Construction Rebate • Income-

  9. Slide 9: Commercial TEP Programs

    Commercial TEP Programs EV Supply Infrastructure (EVSI) Advisory Services Leads • Intake form launched 6/25; Dec. 1 results: • 9/30 site applications received: o 65 Total Fleet – 261% Increase from 9/1 o 28 workplace o 127 Total Public Charging – 202% Increase o 5 public and community hubs o 45 Tota

  10. Slide 10: Proposal To Switch To a Rolling Application Process

    Proposal To Switch To a Rolling Application Process Problem: Majority of first round applicants did not go through an initial inquiry meeting. • Impact on customers: A large quantity of applications lacked key info (such as line extension quotes and general project feasibility) or lacked general kno

  11. Slide 11: School Buses

    School Buses School Bus Rebate Program Funds Available $2,200,000 • Launched in October Rebate per Bus $275,000 • Held 4 webinars across the territory • Continuous account management outreach Buses Funded 8 • Presentation with USGBC CO • Intakes are occurring now • 5 customers have submitted intake

  12. Slide 12: Xcel Energy Owned DCFC

    Xcel Energy Owned DCFC • RFP in process to select vendor to conduct siting analysis to identify ~24 geographic locations for connector and market stations • RFP to select equipment and software in process • Accept and evaluate applications for site hosts in the identified geographic locations in ear

  13. Slide 13: Advisory Services – Fleet Electrification

    Advisory Services – Fleet Electrification Fleet Electrification Advisory Program • Assessments have been done • 31 fleets have submitted intake forms • 5 have completed full assessment • Expected another 4-7 to complete by year end • Covers all fleet market segments • 155 vehicles assessed, includin

  14. Slide 14: Advisory Services – Communities

    Advisory Services – Communities Standard Community EV Planning • Xcel Energy’s Partners in Energy program • Community EV plan development at no cost • Boulder Regional EV plan development underway • Broad regional initiative providing opportunity to align individual community-based plans • Five comm

  15. Slide 15: Partnerships, Research, & Innovation (PRI)

    2. PARTNERSHIPS, RESEARCH, & INNOVATION (PRI) Project Updates © 2021 Xcel Energy 15

  16. Slide 16: PRI Portfolio Update

    PRI Portfolio Update • 60-Day Notices filed in October & November for initial 5 projects 1. Municipal Refuse Electrification 2. Paratransit Electrification 3. V2X and Resilience 4. Residential Resilience and Managed Charging 5. Electric Car Sharing • Stakeholder comment period is closed for these 5

  17. Slide 17: Project Overview: DCFC + Storage

    Project OVERVIEW DCFC + Storage Outcomes / Partners / Scope / Equity Lower barriers to both public and fleet fast charging by providing technology solutions, paired with rate design, to <PLACE A PICTURE / GRAPHIC, RELEVANT lower customer demand charges and alleviate grid constraints 1. Outcomes: Adv

  18. Slide 18: DCFC + Storage: System Benefits and Use Cases

    DCFC + Storage System Benefits and Use Cases PEAK SHAVING FROM Two use cases to be tested BATTERY STORAGE • Non-Wires Alternative (NWA) • Customer Bill Savings NWA – Overcome grid constraints to enable buildout of high-capacity charging Customer Bill Savings – Pair storage with dynamic pricing to re

  19. Slide 19: 60/90 Day Notices: Partnerships, Research, Innovation

    60/90 Day Notices: Partnerships, Research, Innovation Stakeholder Feedback – Key Themes & Examples* Category Themes & Suggestions Overall PRI Portfolio • Support for and enthusiastic about PRI as a whole • Equity and community benefit focuses appreciated across portfolio design • Partnership interes

  20. Slide 20: October 15th EV Filing

    3. OCTOBER 15TH EV FILING © 2021 Xcel Energy 20

  21. Slide 21: EV Filing on October 15th

    EV Filing on October 15th Topics (21AL-0494E): • Commercial Charging Rates – Updated S-EV-CPP Rate – New S-EV Rate • Equity PIM – $1.5m total potential ($1.2m for per-port incentives, $200,000 for exceeding equity port forecasts, $100,000 for achieving equity targets in Advisory Services) • DCFC Rat

  22. Slide 22: Wrap Up

    4. WRAP UP Next meeting in March 2022 © 2021 Xcel Energy 22

  23. Slide 23: CO TEP Evaluation and Reporting RFP - Update

    CO TEP Evaluation and Reporting RFP - Update We have selected a vendor and are in the contracting process. © 2021 Xcel Energy

  24. Slide 24: Carbon Reduction Commitments

    XcelEnergy.com/Carbon Carbon Reduction Commitments: Gas Electricity Transportation © 2021 Xcel Energy

  25. Slide 25: Electric Vehicles

    | Electric Vehicles With new EV programs and charging infrastructure, our clean energy leadership includes transportation. FIND OUR ELECTRIC TRANSPORTATION REPORT ©2021 Xcel Energy

  26. Slide 26: How to Reach Out with EV Questions

    How to Reach Out with EV Questions • Residential Program Questions: • Rebates: email us at [email protected] • EV Accelerate At Home: email us at [email protected] • Speak to a member of the EV Concierge Team by calling 1-800-895-4999 • Commercial and MFH Infrastructure Program

  27. Slide 27: How to Reach Out with EV Questions (cont.)

    How to Reach Out with EV Questions (cont.) • General Inquiries: • Email us at [email protected] • Speak to a member of the EV Concierge Team by calling 1-800-895-4999 • Stakeholder Group: • To join stakeholder list, email Patrick Murphy at [email protected] © 2021 Xcel En

  28. Slide 28: Additional Contact Information

    Additional Contact Information Jack Ihle Steve Wishart Xcel Energy Xcel Energy Director, Regulatory and Strategic Analysis Director, Pricing and Planning [email protected] [email protected] Jason Peuquet Deb Erwin Xcel Energy Xcel Energy Principal Consultant, Electric Transporta

  29. Slide 29: Quick Break

    Quick Break Returning at ____ am MT © 2021 Xcel Energy 29

  30. Slide 30: © 2021 Xcel Energy

    © 2021 Xcel Energy 30

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