Compounding Long-term Dividends at 5-7% CAGR
Despite Negative Rhetoric, Natural Gas is the Long-term Solution
1
100%
80%
60%
40%
Percent of Household Energy Demand
20% H
0%
Michigan
(Natural Gas vs. Electricity)
Virginia
% Nat Gas
Maryland i
DC
National
Average
■% Electricity
Electrification Lacks Pragmatism
(Electricity vs. Natural Gas Costs)
Switching to electricity from gas
would:
A
Cost 3.2x
B
the cost of gas¹
Wipe out more than
75%
of U.S. household
monthly savings²
Cripple the ~12%
of people living below
the poverty line across
our jurisdictions
Natural Gas accounts for nearly 70% of U.S. household energy
demand, but only represents a third of home energy costs.1
Sources: Energy Analysis, AGA; RRA; Internal Analysis Using US Government Reported Public Information. Notes: 1) Based on national average (Michigan 4.8x,
Maryland 2.6x, D.C. 2.6x, and Virginia 2.5x); 2) Does not assume heat pumps are installed across entire installed housing stock and based on historical data.
*See "Forward-looking Information"
The Rising Push Back on U.S. Natural Gas Bans
Local gas bans and electrification
codes in new buildings
Adopted In Development
2
3
State legislation prohibiting local governments
from restricting natural gas utility service
Passed
Introduced
There are >3x as many states banning
gas bans than states adopting gas bans.
Federal Courts have rejected gas ban
legitimacy and highlight the right to choose.
Federal Appeals Court Throws Out
Berkeley, California's Ban on Natural Gas
Ninth U.S. Circuit Court of Appeals in San Francisco
AltaGas
Natural Gas is Critical to Energy Transition, Electrification of Space Heating will take Decades
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