Public Service Enterprise Group Incorporated · NYSE:PEG
Public Service Enterprise — Corporate Update (August 2009)
22 slides from Public Service Enterprise's corporate update, Aug 4, 2009
Slide 1: New Haven Peaking Project Public Information Meeting
New Haven Peaking Project Public Information Meeting August 4, 2009
Slide 2: Agenda
Agenda Welcome Introducing PSEG Power PSEG Environmental Leadership New Haven Peaking Project New Haven Benefits Our commitment Q&A
Slide 3: Need For The Project
Need For The Project The Connecticut legislature determined there was a need for more peaking capacity and in 2007 mandated that additional facilities be built. PSEG’s New Haven peaking project was selected by CTDPUC through a competitive bidding process. In announcing its, decision the DPUC conclud
Slide 4: Peaking Project Overview
Peaking Project Overview Peaking Peaking Project Project New Haven Harbor Station Unit 1
Slide 5: Peaking Project – Environmental Considerations
New Haven Peaking Project – Environmental Considerations These units are expected to run about 2% of the time to eliminate transmission constraints Working to Mitigate Emissions
Slide 6: Benefits – Economic
New Haven Benefits – Economic The project is expected to generate 70 union jobs during the construction phase of the project. The project will be a $140 million investment. The project also will provide New Haven with up to $3 million annually in additional tax revenue.
Slide 7: PSEG Corporate Overview
PSEG Corporate Overview Traditional Utility Regional Wholesale Energy Electric Customers: 2.1M Nuclear Capacity: 3,669 MW Domestic/Int’l Leveraged Gas Customers: 1.7M Total Capacity: 13,487 MW Energy Leases Nuclear – 1,400 Fossil – 1,100 6,300 Employees Energy Trading - 100 100 – Employees Total – 2
Slide 8: PSEG Power Overview
PSEG Power Overview PSEG Power Connecticut 18th largest electricity generator in the U.S. Largest in the Northeast 16,450 MW US (13,600 in the Northeast)
Slide 9: PSEG Power Connecticut
PSEG Power Connecticut Bridgeport Bridgeport Harbor HarborStation Station New Haven New Haven Harbor Station Harbor Station
Slide 10: PSEG's Investment in Connecticut
PSEG Power Connecticut PSEG’s Investment in Connecticut $220M to purchase Bridgeport Harbor, New Haven Harbor stations Approximately $150M to improve environmental performance and efficiency, including mercury controls and filter house at Bridgeport Harbor $140M for proposed new, state-of-the
Slide 11: Bridgeport Harbor Station
Bridgeport Harbor Station Unit 3: 400MW, among the 20 cleanest large coal plants in the nation Workforce: Unionized Employees – 82 Non-union employees – 33 Budget: $40M to $50M per year
Slide 12: New Haven Harbor Station
New Haven Harbor Station Unit 1: 466 MW, Oil and up to 40% capacity on natural gas Workforce: Unionized Employees – 30 Non-union Employees – 14 Budget: Approx. $11M per year
Slide 13: PSEG Environmental Leadership - Connecticut
PSEG Environmental Leadership - Connecticut Helped enact Connecticut’s groundbreaking mercury control legislation. Supported the Regional Greenhouse Gas Initiative (RGGI). Supported Connecticut’s global warming bill and similar legislation in New Jersey. Supported Beneficial Re-Use Bill. Active in v
Slide 14: New Haven Harbor Station Environmental Improvements
New Haven Harbor Station Environmental Improvements 1975 Unit Startup 1986 Natural Gas Co-Firing added 1994 Waterwall lances installed to reduce NOx 2000 Low NOx Burners installed 2000 - 2002 Precipitator maintenance and upgrades 2000 - 2005 Wastewater Treatment System upgrades 2000 Fish return syst
Slide 15: Harbor Emission Rates – 1997-2009
New Haven Harbor Emission Rates – 1997-2009 11.40 10.40 10.23 9.91 9.76 9.83 9.40 8.94 8.40 7.40 lbs/MWhr 6.40 5.58 5.40 4.40 3.35 3.23 3.40 3.25 3.32 3.01 2.99 2.84 2.40 2.19 2.01 1.99 1.73 1.69 1.59 1.78 1.80 1.89 1.84 1.60 1.49 1.58 1.40 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Slide 16: New Haven Harbor Generation and Emissions – 1997-2009
New Haven Harbor Generation and Emissions – 1997-2009 16000 3000 14000 2500 12000 2000 10000 1000 MW (net) Tons 8000 1500 6000 1000 4000 500 2000 0 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year SO2 NOx 1000 MWhrs (net)
Slide 17: Peaking Project – Environmental Profile
New Haven Peaking Project – Environmental Profile The units will be equipped with advanced emissions controls: Selective Catalytic Reduction and water injection will reduce NOx emissions by approximately 90% Oxidation catalyst will reduce CO emissions by approximately 85% The units will not with
Slide 18: Peaking Project Location
Peaking Project Location Peaking Peaking Project Project New Haven Harbor Station Unit 1
Slide 19: Project Timeline
Project Timeline June 2007 CT Legislature mandates new peaking generation December 2007 DPUC issues RFP June 2008 CT DPUC approves new 130 MW peaking project August 2008 PSEG and CL&P sign 30 year energy delivery contract September 2008 June 2012 PSEG signs contract with GE to purchase Commercial 3
Slide 20: PSEG Proposal
New Haven Peaking Project Units 2,3 & 4 ———-) Common Stadt Fin-Fan Cooler Power Connecticut LLC © PSEG Power Connecticut LLC
Slide 21: Peaking Project Summary
New Haven Peaking Project Summary Will provide reliable peaking power to Connecticut residents – using the cleanest, state-of-the-art technology available equipped with advanced emission control systems. Working to mitigate Emissions New Haven project expected to run about 40 times per year The proj
Slide 22: Our Commitment
PSEG Power is committed to protecting Connecticut’s environment and public health, while providing its residents with reliable and affordable energy. The New Haven Peaking Project is an investment in New Haven and in clean energy that supports system reliability and economic growth. © PSEG Connectic
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