Compounding Long-term Dividends at 5-7% CAGR
Electrification Would Increase Emissions and Cripple Economic Activity
MMBtu/year
160
120
00
80
Household Energy Use and Emissions¹
(Natural Gas vs. Electric)
1
2
Current PJM Grid Generation Capacity Mix²
<30%
10
80
of PJM electric
power generation
45%
Mt/House
comes from
nuclear + renewables
Without Gas, Economic Durability Drops
German Industrial Sector Cutting
Production Due to High Natural
Gas Prices
12%
CNBC
17%
22%
High Natural Gas Prices
Lead to a Shutdown of
British Fertilizer Plants
The New York Times
L
1
40
+
0
2
Electric Home
Natural Gas Home
CO2 Emissions
An electric home consumes 42% more
energy than a natural gas home.
2
An electric home also produces 23%
more CO₂ than a natural gas home.
Natural Gas
Coal
Oil
Nuclear
Renewables
Other
California and Texas Power Outages³
(Outages Not Caused by Human Attacks)
Commercial and Industrial Customers
Saved more than US$500 Billion using
AGA Natural Gas Over the Past Decade
28
24
>2x More Outages
over 5 years
3
13
12
2018
2022
■California
Texas
Sources: 1) Energy Analysis, AGA, based on 2021 data; 2) PJM disclosures, and 3) U.S. Department of Energy. Notes: See "Forward-looking Information"
AltaGas
4
Electrification Doesn't Mean Lower Emissions
Industrial development and economic
activity stalls without affordable natural gas.
Electrification is causing marked
deterioration in energy reliability.
23
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