Vermont Power Supply September 30, 2005 Dave Lamont Vermont Department of Public Service
2 US Electricity Source Mix 1999 and Source: DOE EIA
3 Regional Electric Mix 1990, 1999, and Source Data: DOE EIA
4 Vermont Electricity Mix 2003 Instate Source MixCommitted Resource Source Mix Source: DOE EIASource: DPS However some utilities have very different profiles
5
6 Vermont Monthly Avg Wholesale Price (March-03 to Aug-05) $302 $55 Source: ISO-NE
7 Electricity Cost/Price Projections Source: DPS
8 Vermont - Power Prices for Committed Resources $ $ $ $ $ $ $ $ $ $ Vermont Yankee $42.00/MWhAll Hours Hydro Quebec $68.00/MWh75% Cap Factor Owned Hydro$30.00/MWhSome Dispatch IPP$120.00/MWhRun of River + Wood $ $ $ $ $ Forward Power Prices (DPS 2003) Recent
9 Future Contract Prices in New England Average Contract Price for Energy January and February are approximately $150/MWh $160/MWh Some moderation, but futures prices remain at elevated levels for several years
10 Electricity sales- slow growth
11 Slow growth in annual peak, summer peak rising faster ,000 1,100 Thousands KW Power Year PeakSummer Peak Power Year Peak - 1,037,020 - December 2004 SummerPeak - 986,060 - August 2002 VERMONT STATE PEAK LOAD - POWER PERIOD PERIOD NOVEMBER 1, TO OCTOBER 31
12 So…. Why Do We Need Transmission???
13 Locational Marginal Price (“LMP”)
14 GO SOX !!!!!!!