1. Energy Outlook: Market Perspectives
ICAC Clean Air Summit
May 9, 2018

2. RECENT TRENDS: COAL TO GAS & RENEWABLES.
NorthBridge analysis based on Energy Velocity Suite data

3. EIA REFERENCE CASE: CONTINUATION OF RECENT PAST.
NorthBridge based on EIA AEO 2018 Reference Case

4. WHAT WOULD PUSH THIS OUTLOOK OFF THE TREND?.
NorthBridge based on EIA AEO 2018 Low Oil & Gas Resource and Technology Case

5. WHAT WOULD PUSH THIS OUTLOOK OFF THE TREND?.
Market Environment
Indicators
Gas Prices
Drilling productivity developments
New LNG export investments
Renewables
Change in federal or state policy supports
System integration costs in high penetration markets
Coal Competitiveness
Policy Support
FERC proceeding on grid resilience
New administration proposals
Form of Carbon Regulations
100% renewable versus tech-neutral policies
CCS innovation component to carbon rules
CCS/EOR Innovation
FUTURE Act implementation guidance
Follow on legislation (MLP, PAB, etc.)
CCS cost declines & EOR market expansion