Compounding Long-term Dividends at 5-7% CAGR slide image

Compounding Long-term Dividends at 5-7% CAGR

3 Energy Efficiency Priorities Marked Investments in Energy Efficiency Over Past Decade; Desire to Play Much Larger Role Energy efficiency represents more than 40% of the emissions abatement needed by 2040, according to the IEA Sustainable Development Scenario. WGL and SEMCO Continue to Execute Large Approved Energy Efficiency Plans Saved ~490 Thousand Tons GHG 1,2 through programs Since 2011 Equivalent to ~61,200 Homes² Reduction since 2011 equivalent to ~61,200 homes energy use for one year Numerous programs for financial support and decarbonization opportunities • • . Residential • יוי Low-Income Assistance Programs Weatherization Assistance Programs Home Energy Audit Space and Process Heating Tune-Up Strategic Energy Management • Appliance and Equipment Rebates • Behavior Programs • Energy Star New Homes • Energy Conservation Kits • Residential Weatherization Projects . Gas Heat Pumps Hybrid Systems $250 $200 $150 $100 $50 WGL and SEMCO Cumulative Spending on Energy Efficiency Programs (2011-2023 YTD) SEMCO and WGL have spent > $250MM on energy efficiency programs since 2011 2011 2012 2013 2014 2015 2016 VA 2017 ■MD 2018 ■MI 2019 2020 2021 2022 2023YTD Notes: 1) Conversion from therms using EPA "Greenhouse Gas Equivalencies Calculator"; 2) Based on first year energy savings. *See "Forward-looking Information" AltaGas Industrial • Commercial • • • Net Zero Buildings Boiler Energy Management System Combined Heat and Power • Microgrids • Demand Response Management Combined Heat and Power • Gas Heat Pump . Hybrid Heat Pump Strong Desire and Focus to Deploy More Capital and Resources into Energy Efficiency Opportunities 42
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