December 9, 2009
Commissioner Donna L. Nelson
Public Utility Commission of Texas
Wire Co.
Price
REP
2001 Reg’d
Rate
Change
AEPC
8.9
9.6
-7%
AEPN
8.5
Texas
Power
Bounce
10.0
-15%
TNMP
8.5
Dynowatt
10.6
-20%
Centerpoint 8.8
Dynowatt
10.4
-15%
Dynowatt
9.7
-16%
Oncor
8.1
As of 12/01/09
Wire Co.
Price
Term
REP
2001
Reg’d
Rate
Change
AEPC
9.3
3 mo.
YEP
9.6
-3%
AEPN
8.9
3 mo.
10.0
-11%
TNMP
9.1
APNA
Energy
3 mo. Texas Power
10.6
-14.5%
Centerpoin
t
Oncor
9.1
3 mo.
Spark
10.4
-12.5%
8.7
3 mo.
Southwest
P&L
9.7
-10%
As of 12/01/09
Source: ERCOT; 11/1/2009
4
23:30
22:45
22:00
Hydro
21:15
20:30
19:45
19:00
Wind
18:15
17:30
16:45
16:00
Gas
15:15
14:30
13:45
13:00
Gas-CC
12:15
11:30
10:45
10:00
9:15
Coal
8:30
7:45
7:00
Nuclear
6:15
5:30
4:45
4:00
3:15
2:30
1:45
1:00
0:15
MW
Load Shape by Fuel – October 27, 2009
Other
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Source: ERCOT; 11/1/2009
5
23:30
22:45
22:00
Hydro
21:15
20:30
19:45
19:00
Wind
18:15
17:30
16:45
16:00
Gas
15:15
14:30
13:45
13:00
Gas-CC
12:15
11:30
10:45
10:00
9:15
Coal
8:30
7:45
7:00
Nuclear
6:15
5:30
4:45
4:00
3:15
2:30
1:45
1:00
0:15
MW
Load Shape by Fuel – October 28, 2009
Other
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Load Shape by Fuel – October 25 - 28, 2009
40,000
120%
Nuclear
Coal
Gas-CC
Gas
Wind
Hydro
Other
Wind as % Total Output
Wind as % Installed Wind Capacity
35,000
100%
30,000
80%
MW
25,000
60%
20,000
15,000
40%
10,000
20%
5,000
0
0%
Source: ERCOT, 11/1/2009
6
Nuke
Coal
Combined Cycle
Gas Steam
Private
Gas Turbine
Wind
Other
80,000
Thursday
08/01/13
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Source: ERCOT
Friday
08/02/13
Saturday
08/03/13
Sunday
08/04/13
Monday
08/05/13
Tuesday
08/06/13
Friday
08/07/13
Nuke
Coal
Combined Cycle
Gas Steam
Private
Gas Turbine
Wind
Other
50,000
Monday
03/11/13
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Source: ERCOT
Tuesday
03/12/13
Wednesday
03/13/13
Thursday
03/14/13
Friday
03/15/13
Saturday
03/16/13
Sunday
03/17/13
9
 Actual cost estimates range from low of cost of postage
stamp per day to over $3,000 per household
 Cost estimates do not include loss of jobs or reduction
in GDP resulting from enactment
 CBO and Joint Committee on Taxation estimate that
over ten year period this legislation would increase
direct federal spending by ~$821 billion and increase
federal revenue by ~$846 billion.
10
 Gasoline prices ↑58%
 Average household electric rates
↑90 percent
11
From Heritage Foundation (Macro
impacts 2012-2035):
 $9.4 trillion lost GDP
 $5.7 trillion additional taxes
 2.5 million lost jobs
 Manufacturing: -1.4 million jobs in
2035
12
13
From Heritage Foundation (Macro
impacts 2012-2035):
 Lower gross state product by $26.128
million
 $Reduce personal income by $9.187
million
 Almost 100,000 lost jobs
14
Source: The Heritage Foundation Center for Data Analysis, Dr. Karen A. Campbell
15
 Includes new program: “Climate Change
Worker Adjustment Assistance” :
 3 years of unemployment pay;
 80 percent of health care premiums;
 $1,500 to look for a new job and another $1,500 to
relocate for a new job;
 “Additional employment services” like skills
assessment, job counseling, and training.
 The bill provides no support for those who
are forced to close their small businesses.
16
Source: American Council for Capital Formation, Dr. Margo Thorning
17
Source: American Council for Capital Formation, Dr. Margo Thorning
18
Source: American Council for Capital Formation, Dr. Margo Thorning
19
How Energy Prices Affect Small Business
Source: National Small Business Association, 2009 Energy Survey of Small Business
20
 In Texas, agriculture contributes 9.5 percent of our
GSP
 Proponents analysis: total farm expenses would
increase by $700 million each year
 American Farm Bureau: legislation will cost U.S.
farmers ~$5 billion in income each year by 2020, and
~$13 billion annually by 2030.
21
Questions?