powering the future of the region’s economy
DESCRIPTION
Powering the Future of the Region’s Economy. Licking County Energy Summit Pat O’Loughlin Buckeye Power. Buckeye System Highlights. Serves approximately 390,000 member-consumers Generating Capacity 1,621 MW Coal Cardinal – 1,215 MW OVEC – 406 MW 650 MW Natural Gas Mone – 450 MW - PowerPoint PPT PresentationTRANSCRIPT
Licking CountyEnergy SummitPat O’LoughlinBuckeye Power
Powering the Future of the Region’s Economy
Buckeye System Highlights• Serves approximately 390,000
member-consumers• Generating Capacity
– 1,621 MW Coal • Cardinal – 1,215 MW• OVEC – 406 MW
– 650 MW Natural Gas• Mone – 450 MW• Greenville – 200 MW
– 94 MW Renewables• Hydro, wind, biomass
• Peak Demand – 1,622 MW• $2.0 Billion Assets (12/31/11)• $348 M Equity (12/31/11)
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Cardinal Station
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PJM Footprint 1/1/2012
165,000 MW Load185,000 MW Generation22% U.S. Electricity
EPA Train Wreck• CSAPR Final Rule Issued
– Ohio coal EGUs reduce SO2 95%+ – Ohio EGUs reduce NOx 90%– Stayed by DC Appeals Court 12/30/2011– Hearing scheduled for April, 2012
• Final MATS Rule Issued– Effective 2015 - 90%+ reduction of mercury and other
air toxics• Proposed coal ash, water effluent and water
intake rules pending• GHG Rule under development
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EPA Train Wreck• FE announces 3,349 MW of OH, PA and
WV coal plants to close in 2012• AEP moving forward with retirement of
6,000 MW of midwest coal plants• MISO says 63,000 MW of coal plants
require outages for scrubbers• PJM says 30,000 MW of coal plants at risk• FERC says no comprehensive reliability
studies have been completed• EPA says no reliability concerns
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Cardinal Station Flue Gas
Buckeye Environmental Investment• All Buckeye owned coal-fired generating plants
will be equipped with state-of-the-art environmental controls by early 2013– Cardinal completed U2 (2007) & U3 (2012)– OVEC - Kyger Creek (2012) & Clifty Creek (2013)
• Total Buckeye investment on these environmental and related projects from 2002-2013 will be $1.26 billion
• Approximately 20% of cost to produce power for cooperative consumers
• Resume use of Ohio Valley coal
U. S. Coal Price Increases
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1994
1995
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1998
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2010
2011
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
US Coal Price - $/MMBTU
1994 – 20041% Increase
2004 – 201179% Increase
Fuel Costs for Electric Generation($/MMBTU)
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1994
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$0.00$1.00$2.00$3.00$4.00$5.00$6.00$7.00$8.00$9.00
$10.00
Nat. Gas Coal
Growing Renewable Resource Mix
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