#1CO CEO TM CO COLORADO TM Colorado Energy Office Will Toor Executive Director COLORADO Energy Office#2Colorado Energy Office Overview Our Mission To deliver cost-effective energy services and advance innovative energy solutions for the benefit of all Coloradans. Low Income & Services Residential Energy Commercial & Industrial Energy Transportation Fuels & Public Affairs Services Technology CO COLORADO#3Polis Administration Priorities Confronting the challenge of climate change 100% renewable electricity by 2040 Widespread electrification of cars, trucks, and buses Creating good paying green jobs CO COLORADO#4State Rankings 5th Crude oil production (2018) 6th Natural gas production (2018) 6th Electric vehicle market share (2018) 9th Wind capacity (2017) 12th Solar capacity (2018) 10th Coal production (2018) 14th Energy efficiency (2018) CO COLORADO#5Energy Consumption by Sector (2016) 28% Transportation CO COLORADO 29% Industrial Source: Energy Information Administration 23% Residential 20% Commercial#6Jobs in Energy Colorado Cleantech Jobs Snapshot CLEAN JOBS COLORADO 57,591 CLEAN ENERGY JOBS ACROSS COLORADO¹ INDUSTRY BREAKDOWN RENEWABLE ENERGY: GRID & STORAGE: OOOOO 17,254 3,469 VEHICLES: 2,713 ENERGY EFFICIENCY: 32,036² ENERGY STAR & Lighting: 10,100 Trad. HVAC: 9,323 High-Efficiency HVAC & Renewable H&C: 5,860 Adv Materials: 5,395 Other: 1,358 Solar: 7,819 Wind: 7,320 Geothermal: 215 Bioenergy/CHP: 1,422 Low-Impact Hydro: 478 Storage: 2,236 Smart Grid: 410 Micro-Grid: 424 Other Grid Modernization: 399 CLEAN FUELS: 2,117 Hybrid Electric Vehicles: 1,235 Plug-In Hybrid Vehicles: 504 Electric Vehicles: 686 Natural Gas Vehicles: 154 Hydrogen & Fuel Cell: 134 OIL & GAS JOBS Other Ethanol/ Non-Woody Biomass: 1,818 Other Biofuels: 299 38,650 direct jobs in the oil and gas industry in Colorado Source: Oil and Gas Industry Economic and Fiscal Contributions in Colorado by County, 2014 CLEAN ENERGY JOBS IN PERSPECTIVE All 64 Counties in Colorado have residents working in clean energy #7 Colorado ranks seventh among all 50 states and D.C. in renewable energy jobs About 39% of all Colorado clean energy workers are involved in construction Source: E2 Clean Jobs Report 2018 CO COLORADO#7Colorado Energy Office Energy Economic Overview Colorado GDP by Sector, 2014 Source: Resource Rich Colorado, 2018 The energy cluster in Colorado represents 9.6 percent of the state's Gross Domestic Product (GDP); GDP is the value of all final goods and services produced in the state 50 45 40 35 Billions of Dollars 15 20 20 25 25 30 30 10 сл 5 Real GDP for Colorado's energy cluster was $25.6 Billion in 2014 Colorado's total 2014 real GDP was $267.5 Billion Professional & Bus Financial Activities CO COLORADO Government Colorado Energy Cluster Manufacturing Information Natural Resources Education & Health Services Wholesale Trade Construction Retail Trade Source: U.S. Department of Commerce, Bureau of Economic Analysis; Economic Modeling Specialists International (EMSI). Note: Data represents real GDP in chained 2009 dollars. Colorado energy cluster GDP is not discrete; it consists of parts of several sectors including natural resources, utilities, construction, manufacturing, trade, transportation, and professional and business services. Leisure & Hospitality Transp., Warehousing & Utilities Other Services Fig. 79#8CO Colorado Greenhouse Gas Inventory 2014 MMTCO₂e Exhibit ES-2 Summary of Colorado GHG Emissions by Emission Sector (MMTCO2e) SIT Model Runs 1990-2030 160 10 140 120 100 80 50 60 40 20 0 1990 Electric Power Natural Gas and Oil Systems* Industrial Processes COLORADO Projections 1995 2000 2005 2010 2020 2030 Transportation Agriculture Residential, Commercial & Industrial Fuel Use Coal Mining & Abandoned Mines Waste Management Source: CDPHE 2014 Colorado greenhouse Gas Inventory Update#9CO COLORADO TM Electric Utilities and Generation CO CEO TM COLORADO Energy Office#10Colorado Electric Utilities . Investor Owned Utility Cooperative Utility Municipal Utility Xcel Energy, Black Hills 22 cooperative utilities in Colorado CO COLORADO • 29 municipal utilities in Colorado#11Colorado Electric Utilities Ranked by Customers Served (2017) 1. Xcel Energy: 1,459,117 2. City of Colorado Springs: 227,402 3. Intermountain Rural electric Assn.: 154,542 4. Black Hills: 95,951 5. United Power: 83,323 6. City of Ft. Collins: 72,523 7. Holy Cross: 56,709 8. Mountain View Elect Assn.: 51,497 9. La Plata Electric Assn.: 42,653 10. Poudre Valley REA: 40,598 CO COLORADO#12Colorado Electric Utilities Service Territories CO Moon Lake Electric Association Yampa Valley Electric Association Fort Collins Utilities Loveland Water & Power- Estes Park Light & Power Lyons Municipal- Longmont Electric- Frederick Municipal- High West Energy Poudre Valley Rural Electric Fort Morgan Utilities. Highline Electric Association Julesburg Municipal Fleming Electric Haxtun Light & Power Holyoke Municipal Oak Creek Electric White River Mountain Parks Electric Electric Association United Power Morgan County Rural Electric Association Y-W Electric Association Delta-Montrose Glenwood Springs Electric Holy Cross Electric Association Aspen Municipal Intermountain Rural Electric Association Mountain View Electric Association Grand Valley Power Electric Association Delta Municipal Gunnison Electric San Miguel Power Association Empire Electric Association La Plata Electric Association COLORADO ●Gunnison Light & Power Colorado Springs Utilities Sangre de Cristo Electric Association San Luis Valley Center Municipal Rural Electric Fountain Electric Black Hills Energy San Isabel Electric Association Burlington Municipal KC Electric Association -Yuma Municipal Wray Light & Power Wheatland Electric Southeast Colorado Power Association. Holly Municipal Granada Electric Lamar Utilities Las Animas Municipal La Junta Municipal Springfield Municipal Trinidad Municipal Southwestern Electric CEO Xcel Energy CO#13CO CEO TM CO Plant Location Map Source: Energy Information Administration, Electricity Data Browser CO COLORADO 2016 Fuel Source ⚫ Coal ● Petroleum ● Natural Gas ● Solar Hydropower Woody Biomass ● Recycled Energy • Wind#14Colorado Electricity Generation 2017 CO 23.18% Natural Gas СТО CO COLORADO 0.30% Biomass 17.53% Wind 3.70% Hydropower 1.71% Solar Source: Energy Information Administration 53.58% Coal#150 100 200 300 sumPositives 400 500 600 1905 1906 1908 1909 1925 1927❘ 700 1929 1200 1100 Energy Source 1 (gro.. Coal & Oil Hydro Natural Gas Recycled Energy 1000 Solar Wind 900 800 1931 | 1932 1939 Source: EIA Electric Monthly Current CO COLORADO 1905-2016: Trend to renewables in last decade Colorado New Generation by Fuel Source 1941 1942 1943 1945 1946 1947 1949 1950 1951 1953 1954 1957 1958 1959 1960 1962 1963 1964 1965 1966 1967 1968 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1996 1997 1998 1999 2000 2001 2002 2003 2004 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 I...#16Colorado Electricity Generation 2018 Generation by Utility 23% Wind Xcel Energy 28% Natural Gas Tri-State G&T 22% Natural Gas/Oil 2% Other 3% Solar 44% Coal CO COLORADO 16% Wind 2% Other Black Hills Energy 41% Coal 82% Natural Gas 11% Contracts 26% Renewables#17Recent Commitments by Xcel Energy Colorado Energy Plan & Zero-Carbon Electricity by 2050 2026 Estimated Energy Mix Under The Colorado Energy Plan 20% Coal 24% Natural Gas 23% Wind 39% CO COLORADO Hydro <1% Solar 13% 53% Renewables Percent Carbon Emission Reduction -20% -40% -60% -80% -100% 2005 Baseline Year 2010 2020 2030 2040 2050 2017 35% Achieved 2030 80% Goal 2050 ZERO Carbon Aspiration Credit: Xcel Energy#18PRPA 100% Non Carbon Energy Mix • Platte River Power Authority (PRPA) is a non-profit wholesale electricity generation and transmission provider for the four communities of Estes Park, Fort Collins, Longmont and Loveland. Dec 6: The PRPA Board of Directors passed a Resource Diversification Policy which calls for a 100 percent carbon-free goal by 2030. Currently, 32% of their energy supply comes from carbon free resources which that will increase to 50% by 2020. CO COLORADO#19Colorado Communities Committed to 100% Renewable Electricity Grand Junction 25 Medicine Bow-Routt National Fort Collins Pawnee National Grassland 76 Sterling Aspen Loveland Forests Greeley 76 Arapaho and Boulder Roosevelt Boulder Denver National Denver 70 Forests 70 Aurora 70 White River Breckenridge National Forest COLORADO Aspen Pike and San Colorado Springs 70 Ft. Collins Lafayette Montrose Uncompahgre National Forest Isabel National Forests & Cimarron... Cañon City Pueblo Telluride Rio Grande National Forest San Juan National Forest Alamosa Cortez 25 Durango Pagosa Springs E MOUNTAIN ESERVATION CO COLORADO Trinidad Lamar La Junta Longmont Nederland Pueblo Summit County#20• Customer Savings from Carbon Reduction Vibrant Clean Energy analysis findings: Replacing all of Colorado's aging coal plants with a mix of wind, solar, natural gas and storage could save the state's electric customers in excess of $250 million per year. Resulting in a cumulative saving of over $2.5 billion in through 2040, while reducing emissions by 510 million metric tons and increasing electric sector jobs. The $2.5 billion savings is in addition to all the coal-fired power plants having their debt repaid. CO COLORADO#21Utility Load Trends: Flattening of Demand in IOU Territories Black Hills Load and Resources Summary 600 MW 500 400 ‡ 300 200 100 Peak Demand Plus 15% 2040 2038 Existing Resources 2030 2028 2026 2024 2022 2020 2018 2016 Figure 2.2-2 Native Load Energy Sales Forecasts 2036 2034 2032 Energy (GWH) Annual Energy 30000 20000 10000 Growth 2017-2037 301 GWH per Year 1.6% per Year 0 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 YEAR 2017 Forecast LCL90 2018 Forecast Actual UCL90 GWh 40,000 Energy Sales Forecast Scenario Comparison 36,000 32,000 17 28,000 Base 24,000 Low High 20,000 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 Xcel Energy CO COLORADO Tri-State#22Energy Efficiency Savings Xcel Energy's energy savings account for approximately 1.6% of electric sales under newly approved targets. Previously energy savings investments accounted for 1.3% of electric sales. GWh 450 400 350 300 250 200 150 100 50 0 Residential Total = 1310 GWh | Business Total = 2012 GWh ● Black Hills energy savings 120,000,000 account for approximately 100,000,000 1.23% of electric sales under newly 80,000,000 approved targets. Previously energy savings investments accounted for 1% of electric sales. 60,000,000 40,000,000 20,000,000 CO COLORADO 0 2001 2002 2003 7 2004 7 2005 2006 2007 2008 2009 T 2010 2011 2012 T 2013 2014 2015 2016 Figure 3-1 2009-2015 Energy Efficiency Savings (kWh) 115,806,878 4,553,767 ...... 17,295,547 18,561,256 31,740,049 2009/2010 2010/2011 2011/2012 2012/2013 17,829,736 25,826,523 2014 2015 5-Year Total#23Energy Efficiency in Buildings CEO Efficiency Programs . . Access to financing: C-PACE, RENU, CO Clean Energy Fund Updating Energy Codes . Weatherization . Agricultural Efficiency • Industrial Efficiency (SEM) . Energy Performance Contracting CO COLORADO#24Colorado Gas Utilities Ranked by Customers Served (2017) CO 1. Xcel Energy: 1,378,528 2. Colorado Springs Utilities: 202,514 3. Black Hills: 178,893 4. Atmos Energy: 119,146 5. Colorado Natural Gas: 21,391 6. City of Ft. Morgan: 4,678 7. City of Trinidad.: 4,134 8. City of Walsenberg: 1,651 9. Town of Rangley: 996 10. City of Center: 806 11.Ignacio Municipal Gas: 484 12. Town of Aguilar: 263 13. Clean Energy, LLC: 148 COLORADO#25CO CEO TM CO COLORADO TM Oil & Gas Production COLORADO Energy Office#26CO Mountain States Natural Gas Production (1989-2016) MMcf 2600K 2400K 2200K 2000K 1800K 1600K 1400K 1200K 1000K 800K 600K 400K 200K OK Wyoming 1,766,840 Colorado 1,703,277 1,286,992 New Mexcio Utah 367,251 Montana 51,219 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Energy Information Administration COLORADO#27CO COLORADO OK- 20K- 40K- Thousand Barrels 60K Source: Energy Information Administration 80K 2004 100K- 2005 140K- 160K 180K Mountain States Crude Oil Production (2000-2017) 120K 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 20,438 Montana Nevada & Arizona 2016 2017 Utah 33,045 Wyoming 75,513 New Mexico 172,817 Colorado 128,387#28Colorado Methane Emissions 2014 MMT CO₂e 35 30 25 20 20 15 10 Exhibit 2-5 Trend in Colorado Methane Emissions by Source Category 5 2020 2030 0 + 1990 1995 2000 2005 Coal Mining & Abandoned Mines Manure Management Natural Gas and Oil Systems Wastewater Burning of Agricultural Crop Waste Stationary Combustion 2010 Enteric Fermentation Waste Combustion and Landfilles Mobile Combustion CO COLORADO Source: CDPHE 2014 Colorado greenhouse Gas Inventory Update#29FRAPPE Study - Metro Area Ozone Dominated by Oil & Gas Vehicles Zero-Out Scenarios FRAPPÉ Average O&G Contribution 40N 40N 106W 105W Industrial Contribution 106W 105W 40N 104W 106W 40N 104W 106W Mobile Contribution 105W CEM Contribution 104W 105W 104W -10 -8 -6 -4 -2 0 2 MDA O3 difference (ppbv) 4 6 8 10 Source: Front Range Air Pollution and Phtotochemistry Experiment results, Pfister and Flocke, NCAR,, 2017 CO COLORADO#30Colorado Methane Reduction Efforts 2014: Colorado's Air Quality Control Commission adopted first methane rules for oil and gas upstream and midstream sector Estimated to reduce VOC emissions by approximately 93,500 tons per year and methane/ethane emissions by approximately 65,000 tons per year, at a cost of approximately $42.5 million per year. Creation of the Statewide Hydrocarbon Emissions Team Evaluate the cost-effective hydrocarbon emissions reductions from statewide oil and natural gas sector • Recommend new proposals for emission reduction by Jan. 2020 CO COLORADO#31CO CEO TM CO COLORADO TM Electrification of Transportation COLORADO Energy Office#32Vehicles are now the Largest Source of Carbon Pollution America's New Pollution King Transportation emissions have surpassed electricity emissions for the first time since 1978 Electricity emissions (metric tons of CO2) 1973 1980 U.S. Energy Information Administration CO COLORADO Transportation emissions 2.5 billion 1990 2000 2010 2016 2.0 1.5 Bloomberg#33EV 101 Two types of EVs: Battery Electric Vehicles (BEV): electric motor Plug-in Hybrid Electric Vehicles (PHEV): electric motor + gasoline engine CO 2018 Nissan LEAF (BEV) 151 miles electric range $29,990 MSRP 2018 Toyota Prius Prime (PHEV) 25 miles electric range, then 54 mpg gasoline $27,300 MSRP COLORADO#34Automaker Investment in Electric Vehicle Development CO GG ZP 174 COLORADO Ford will invest $4.5 billion in electrified vehicles by 2020: including a 300 mile range fully electric SUV and a F-150 hybrid GM recently laid out a bold vision for a “zero crashes, zero emissions, and zero congestion" future, announced plans for 20 new electric vehicles by 2023 - including two by 2019, and rolled out the acclaimed Chevy Bolt across the U.S. Toyota committed to having at least 10 new models of all-electric vehicles by the early 2020's Daimler AG announced a billion dollar investment to build electric vehicles in the U.S. with production starting in the early 2020's BMW reached 100,000 in global electric vehicle sales while promising a dozen new models of electric vehicles by 2025 Fiat-Chrysler to electrify portfolio (Wards Auto, July 2017) Volvo announced that "all the models it introduces starting in 2019 will be either hybrids or powered solely by batteries" (New York Times, July 2017)#35Nearly 100 Electrified Models by 2022 BEV model availability, 2008-20 CO SUVs/Trucks Land Rover Defender Toyota RAV4 Trumpchi GS4 Tesla pickup* Jaguar I-Pace Mitsubishi eX VW Budd-e Tesla, Model Y* NIO ES8* Chehejia SUV* VW I.D.* BMW i5 Tesla Model X Qianto Q50 Venturi Fetish Tesla Roadster Tesla Model S M-B SLS eDrive VW I.D. CROZZ Volvo 40.2* M-B EQ Audi E-tron Quattro Porsche E-sport Tesla Roadster* M-B B-Class BYD e6 Renault DeZir Sports cars Hyundai Ioniq Mahindra eVerito Aston Martin RapidE GLM G4 NIO ES9 Exagon Furtive Audi R8 E-tron Geely Emgrand NIO EVE SAIC E-Lavida ChangAn Eado Tesla Model 3 LeEco LeSEE Mullen 700e Sedans CODA EV Honda Clarity BAIC EU260 Audi E-tron Sportback JAC IEV4 Renault Fluence BYD e5 Lucid Air Faraday FF91 Kia Ray Hyundai BlueOn M-B E-Cell BMW i3 VW e-Golf Chevy Bolt VW I.D. Hatchbacks Chevy Spark Honda Fit Ford Focus Nissan Leaf Renault Zoe ZE Nissan Leaf 2* BMW mini e Fiat 500e VW Mitsubishi i-MiEV Runabouts Kandi Panda Smart Renault Twizy ForTwo e-Up Seat Mii* Mahindra e20 Bollore Bluesummer Ford Transit VW e-Bulli 2020 BYD T3 Nissan NV200 Tata Smith Edison A Small vans IRIS Peugeot Partner M-B Vito ChangAn EM80 Renault Kangoo VW I.D. BUZZ 0 50 100 150 200 250 Source: Bloomberg New Energy Finance, Images various. Notes: Not exhaustive. (*) Range is speculated. 30 August 02, 2017 COLORADO 300 Bloomberg 350+ New Energy Finance#36EV Battery Prices are Falling Getting Competitive Battery prices seen reaching key level of $100 per kilowatt hour by 2026 Actual lithium-ion prices BNEF projections $1,000/kWh 800 600 $100/kWh 400 200 '18 '22 '26 2030 Bloomberg 2010 '14 Source: Bloomberg New Energy Finance CO COLORADO#37Benefits of Electric Vehicles CO $45 NPV Cumulative Net Benefits from Plug-in Vehicles in Colorado (High PEV Scenario- Off-peak Charging - Low Carbon Electricity) $ billions Colorado Driver Savings $40 ■■Utility Customer Benefits $35 ■Social Value of CO2 Reductions $30 $25 $20 $15 $10 $5 $0 2030 2035 2040 2045 2050 Source: M.J. Bradley & Associates, Electric Vehicle Cost-Benefit Analysis COLORADO#38EV Adoption Benefits Utility Customers • Enough spare capacity to power all cars off-peak. Charging is flexible and can be managed to absorb variable renewable generation. Greater grid efficiency puts downward pressure on electric rates for all electricity customers. CO COLORADO#39Cost Benefit Analysis of EVs to Colorado's Grid Colorado: Utility Customer Annual Savings from PEV Charging (nominal $) $90 ■Baseline Charging Off-peak Charging $80 $70 $60 $50 $40 $30 $20 $10 $0 2030 2040 2050 2030 2040 2050 Moderate PEV scenario High PEV scenario PEV Penetration Scenario CO COLORADO Source: MJ Bradley cost benefit study, 2017#40Colorado's EV Market August 2018 Total Sales by ATV Category BEV 9,245 400- 300- PHEV 6,621 200- 100- All 15,866 CO COLORADO 2011 2012 2013 500- Monthly Sales by ATV Category 2014 2015 Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Source: autoalliance.org Aug 2016 2017 2018#41Colorado Compared to Other States California Washington Oregon Top States by ATV Market Share 4.00% 2.1896 1.93% Hawaii 1.80% Vermont 1.24% District of Columbia 1.18% Georgia 1.1696 Colorado 1.06% Connecticut 0.89% Massachusetts 0.86% Utah 0.78% Maryland 0.74% 2017 EV State EV Sales 2016 EV Sales ÷ 2017 % YOY Increase + Market Share W/in State Aug 2018 EV Market Share W/in State California 73,854 94,873 28.50% 5.02% 9.96% Oregon 3,486 3,988 14.40% 2.36% 4.12% Washington 5,363 7,068 31.80% 2.51% 3.54% District of Columbia 405 398 -1.70% 1.87% 3.40% 0.50% 1.00% 1.50% 2.00% 2. Hawaii 1,224 1,934 58.00% 2.33% 2.69% Source: autoalliance.org Where Are EVs Taking Off? While California remains the country's largest EV market in terms of cars on the road, it is no longer the fastest-growing. More states are encouraging EV driving by offering incentives such as tax credits, HOV lane access, utility rebates and special rate plans for EV charging Colorado 2,711 4,156 53.30% 1.57% 2.46% Arizona 2,265 2,976 31.40% 0.90% 2.46% Top 10 States WA OR Top 10 Metro Areas NV UT CO KS MO TX Total EVs in Operation 1. California 3. 2 Georgon 4. Florida 5. Texas 6. New York 7. Michigan 8. Ilinois 9. Oregon 10. New Jersey EV Growth 1. Utah 2 Novada 3. North Carolina 4. Colorado 5. Kansas 6. New Hampshire 7. Pennsylvania B. Virginia 9. Florida 10. Arizona AZ Top 10 states for total EVs in operation. Top 10 states for EV growth Top 10 metro areas for total EVs in operation Top 10 metro areas for EV growth Total EVs in Operation 1. Los Angeles 2. Bay Area 3. New York Metro 4. Atlanta 5. San Diego 6. Seattle 7. Chicago 9. Detroit 10. Portland EV Growth 1 Las Vegas Kansas City 3. Raleigh/Durham 4. Denver 5. Miami 6. Phoenix 7 Philadelphia 8. Portland 9. San Diego NY PA NJ VA NC O GA Total 145,570 187,985 29.10% 1.20% 2.24% 8. Washington, DC. Massachusetts 2,905 4,632 59.40% 1.35% 2.19% Maryland 2,185 3,244 48.50% 1.05% 2.18% 10. Los Angeles Source: evadoption.com Virginia 2,155 2,932 36.10% 0.80% 1.97% CO COLORADO#42Colorado Electric Vehicle Plan IN SUPPORT OF THE EXECUTIVE ORDER, SUPPORTING COLORADO'S CLEAN ENERGY TRANSITION | JANUARY 2018 ● Colorado Electric Vehicle Plan Build out key charging corridors that facilitate economic development, boost tourism, and reduce harmful air pollution. Accelerate adoption of EVs and ensure Colorado remains a leader in the EV market. Serve as a living document. CO COLORADO STATE O COLORADO 1876#43Colorado Electric Vehicle Plan Accelerate adoption of EVs and ensure Colorado remains a leader in the EV market. "Increase adoption of EVs in the light duty sector by taking steps to achieve the high growth scenario of approximately 940,000 EVs in Colorado by 2030, as projected in the Colorado EV Market Implementation Study." CO COLORADO COLORADO EV STOCK GROWTH TO 2030 BY SCENARIO 1,000,000 900,000 High Scenario 800,000 Medium Scenario 700,000 Low Scenario 600,000 500,000 400,000 300,000 200,000 100,000 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030#44CO Electric Charging Stations in Colorado CO CEO TM Source: Alternative Fuels Data Center COLORADO Denver#45Electrifying Our Corridors Proposed locations for fast-charging infrastructure Savery CO Dinosaur National Monument Elk Spriggs Sunbeam 0 Axial No aur Massadga White Rangely River City Meeker agan Gateway Hayden Clark Medicine -Routt ational Oak Creek Forests Avon Walden Red Feather Lakes Arapaho & Roosevelt (287) National Forest Rocky Mountain National Park Arapaho and Roosevelt National Forests Glenwood Springs Keystone 70 White River National Forest 24 nridge Snowmass Aspen Village Fruita Grand Junctio a Grand Mesa alisade National Forest Cedaredge Crested Butte Hotchkiss Dominguez Eslante National Conservation Area Uravan Nucla Uncompahgre National Forest Naturita Dove Creek Dunton Buena Vist (285) Pawnee National Grassland Julesburg Sedgwick 385 B 25 Fleming Haxtun Sterling Holyoke Fort Cos Loveland Grey 385 34 Brush Fort Morgan 34 Akron Otis Yuma Eckley Wray Boer 30 Denver 36 odo Aurora Centennial Colorado Spangs Gunnison National Forest 48 Gunnison ose Pocha Spgs Can City Pueno ay Telluride Powderhorn 285 Saguache Crestone ion Rio Grande National Forest Center Del Norte 160 Monte Vista San Juan National Forest Ala sa 285 Canyons of Dolores the Ancients National Co Monument Mancos Du go UTE MOUNTAIN RESERVATION Pagos prings SOUTHERN UTE RESERVATION Antonito 84 Arboles COLORADO Westcliffe 1 160 Fort Garland Fontain 回 24 Hugo Ordway Karval Idalia Joes 9 385 Arriba Flagler Seibert Stratton Burton K 287 Cheyenne Wells We Kit Carson Firstview 385 287 Eads 287 ar ky For Las Ani Granada Holly Copli Colorado City 160 La Veta Cuchara Walsenburg Aguilar Trinidad Cokedale 350 Timpas 160 Branson Villegreen Andrix Kim O 160 385 385 Springfield (160) Walsh Pritchett Campo#46Maintaining Progress on Clean Vehicles LEV: On November 16, 2018, the Air Quality Control Commission approved new low emission vehicle (LEV) standards for new light-duty and medium-duty motor vehicles sold in Colorado beginning in the 2022 model year. The new standards are estimated to reduce carbon dioxide emissions by nearly 2 million tons annually by 2030. ZEV: Adopting a requirement for manufacturers with sales in a state to delivery for sale a minimum number of Zero Emission Vehicles. AQCC hearings will be held until May 2019 to Consider adopting a ZEV mandate proposal. Utility investment: utilities can play a key role in investing in EV infrastructure and programs; may require legislation and/or PUC action Financial incentives: state and federal tax credits play a key role in the early market CO COLORADO#47Steps Towards Deep Carbon Reduction Transition to near zero carbon electricity Transition transportation to widespread electrification Increase energy efficiency across the state Electrify buildings Dramatically reduce methane emissions CO COLORADO#48CO COLORADO TM Thank You CO CEO TM COLORADO Energy Office