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CALIFORNIA PUC CLIMATE CHANGE EN BANC San Francisco, CA. PETE CARTWRIGHT President and Chief Executive Officer. CALPINE OVERVIEW. Power Portfolio Operation26,500 mw Construction5,500 mw Development16,000 mw TOTAL48,000 mw Fuel Natural Gas98% Geothermal2%. NPCC-O. NPCC-NE. - PowerPoint PPT Presentation
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February 23, 2005
CALPINE
CALIFORNIA PUC CLIMATE CHANGE EN BANC
San Francisco, CA
PETE CARTWRIGHTPresident and Chief Executive Officer
CA PUC Climate Change
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CALPINE
February 23, 2005
CALPINE OVERVIEW
Power Portfolio
Operation 26,500 mw
Construction 5,500 mw
Development 16,000 mw
TOTAL 48,000 mw
Fuel
Natural Gas 98%
Geothermal 2%
CA PUC Climate Change
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CALPINE
February 23, 2005
CALPINE U.S. POWER PORTFOLIO
In Operation – Gas-Fired (73 plants)In Operation – Geothermal (19 plants)Under Construction (11 plants)
WECC
MAPP
SPP
ERCOT
MAIN ECAR
SERC
FRCC
MAAC
NPCC-NY
NPCC-NENPCC-O
UK
not to scale
MEXICO
CA PUC Climate Change
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CALPINE
February 23, 2005
CALPINE IN CALIFORNIA
Power Portfolio
Operation 3,900 mw
Construction 2,000 mw
Development 3,800 mw
TOTAL 9,700 mw
Fuel
Natural Gas 92%
Geothermal 8%
CA PUC Climate Change
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CALPINE
February 23, 2005
CA PUC Climate Change
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CALPINE
February 23, 2005
CO2 EMISSIONS —COAL vs. NATURAL GAS
2,1631,995
1,307
832647
CO2 — Pounds per megawatt-hour
Old Coal New CoalOld Natural Gas New Natural GasNatural Gas Cogeneration
CA PUC Climate Change
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CALPINE
February 23, 2005
CLIMATE CHANGE —WHAT CALPINE IS DOING
Board Low-Carbon Resolution
Concentration on Natural Gas
Efficiency Improvements
Cogeneration Program
Natural Gas Supply
Geothermal and Renewables
Solid Fuel Gasification and Sequestration
CA PUC Climate Change
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CALPINE
February 23, 2005
WHAT THE UNITED STATES CAN DO
Modernize its Power Plant Fleet
Shut Down Half of Old Coal-Fired Plants —442.6 Million mwh
Shut Down All Old Gas-Fired Plants —169.2 Million mwh
Replace With New Gas-Fired Plants +611.8 Million mwh
CA PUC Climate Change
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CALPINE
February 23, 2005
ECONOMIC CONSEQUENCES
Gas Consumption Increases by ~ 2.5 tcf/Year
Cost of Electricity Roughly Unchanged
Fuel Cost: +$3.6 Billion Per Year
CO2 Offsets: —$3 Billion Per Year
Adequate Gas-Fired Generation is Available
CA PUC Climate Change
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CALPINE
February 23, 2005
326 Million Tons Per Year
ENVIRONMENTAL CONSEQUENCES
% Reduction of Power Sector Emissions (2002)
NOX 33.8%
SO2 26.5%
Hg 40.3%
PM 19.8%
CO2 13.0%
CA PUC Climate Change
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CALPINE
February 23, 2005
IMPACT OF CO2 REDUCTION
326 Million Tons Per Year
Equals Emissions From 57 Million Cars
87% of Bush’s 2012 Goals
35% of McCain-Lieberman 2010 Goals
15% of Kyoto 2010 Goals
CA PUC Climate Change
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CALPINE
February 23, 2005
WHAT CALIFORNIA CAN DO
Encourage:
Energy Efficiency
Renewables
Encourage Natural Gas Generation
Shut Down Old Gas-Fired Plants
Eliminate Reliance on Out-of-State Coal Plants
Build LNG Terminals
Promote Open Competitive Markets
CA PUC Climate Change
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CALPINE
February 23, 2005
WHAT CALIFORNIA CAN DO (continued)
Shut Down Old Gas-Fired Plants —40.8 Million mwh
Stop Importing Coal-Fired Power —59.0 Million mwh
Additional Renewables to Meet 20% Goal +26.6 Million mwh
Add Modern Gas-Fired Plants +73.2 Million mwh
CO2 Reduction Potential — 60 Million Tons Per Year
February 23, 2005
CALPINE
CALPINE
