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20090923 Lsb Multiple Topics
1. Update on Texas’ Electric Industry September 23, 2009 Legislative advertising paid for by: John W. Fainter, Jr. • President and CEO Association of Electric Companies of Texas, Inc. 1005 Congress, Suite 600 • Austin, TX 78701 • phone 512-474-6725 • fax 512-474-9670 • www.aect.net
2. AECT Principles • AECT is an advocacy group composed of member companies committed to: - Ensuring a modern, reliable infrastructure for the supply & delivery of electricity. - Supporting efficient competitive markets that are fair to customers and market participants. - Supporting consistent and predictable oversight and regulation that will promote investment and ensure the stability of Texas’ electric industry. - Promoting an economically strong and environmentally healthy future for Texas, including conservation and efficient use of available resources. • AECT member companies remain dedicated to providing Texas customers with reliable service and are committed to the highest standards of integrity. The Association of Electric Companies of Texas, Inc. (AECT) is a trade organization of investor-owned electric companies in Texas. Organized in 1978, AECT provides a forum for member company representatives to exchange information about public policy, and to communicate with government officials and the public. For more information, visit www.aect.net.
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4. AECT Member Companies Within ERCOT Generation Companies Transmission and Distribution Utilities Retail Electric Providers
5. AECT Companies Outside of ERCOT Western Electricity Coordinating Council (WECC) Southwest Power Pool (SPP) SERC Reliability Corporation
12. ERCOT Restructuring Spurred Massive Generation Investment Wholesale Competition Begins 90-97 Additions= 6 GW 98-08 Additions= 30 GW Year in Service Retail Competition Bill Passed GW = 1000 MW Source: Energy Velocity; NERC, ERCOT, PUC. Full Retail Competition Begins
13. ERCOT Long-Term Projections Show Substantial Investment Still Needed Source: ERCOT, “Report on the Capacity, Demand and Reserves in the ERCOT Region,” May 2009
15. Retail Prices Falling Falling natural gas prices are good news for consumers September 4, 2009 “ Thanks to plunging natural gas prices, many Texans can secure electric rates that are 25 to 40 percent lower than what they were paying last summer. Rates had soared as a result of spiraling prices for natural gas, which is burned to generate much of Texas’ electricity. Competition delivers lower power prices in Texas September 3, 2009 “ Electricity is being offered for less than 10 cents per kilowatt-hour, down 20 percent from last summer in areas where electric retailers battle to attract customers, like Dallas and Houston.” Retail prices have continued to fall since the start of September
18. Every Competitive Area in ERCOT Has Variable and 1-Year Lock Offers Available that are Lower than the National Average Price Sources: powertochoose.org, U.S. Energy Information Administration
CenterPoint Energy recognizes our critical role in serving the public. We hold a hurricane drill annually. We attend industry workshops and exchange ideas with other industry leaders. Any time there’s a major power outage in other parts of the country, our linemen are called to help restore power, whether it’s for snow and ice, tornadoes, flooding or hurricanes. We work year round to ensure that local community leaders and elected officials know who to contact
This major line can either be a circuit feeder or a lateral.