Impact of Policy Uncertainty on Renewable Energy Investment: Wind Power and the PTC
|
|
- Virgil Oliver
- 5 years ago
- Views:
Transcription
1 Impact of Policy Uncertainty on Renewable Energy Investment: Wind Power and the PTC Merrill Jones Barradale PhD Candidate, Energy and Resources Group, UC Berkeley 27th USAEE Conference, Houston, TX, September 17
2 Presentation Overview The PTC and boom-bust investment How does PTC uncertainty affect wind investment? Precisely what causes this volatility? Beyond the PTC What would a post-ptc world look like? What are the alternatives to a PTC? 1
3 Federal Production Tax Credit (PTC) Income tax credit of 1.9 /kwh Paid to wind plants for electricity production during first 10 years of operation Plant must come online by PTC expiration date to qualify Initial legislation lasted 6.5 years ( ) Renewed 5 times, generally for 1-2 years each 2
4 PTC Legislative Acts Enacted Dec 19, 1999 Enacted Mar 9, 2002 Enacted Oct 4, 2004 Enacted Aug 8, 2005 Enacted Dec 20,
5 PTC Legislative Acts Enacted Dec 19, 1999 Enacted Mar 9, 2002 Enacted Oct 4, 2004 Enacted Aug 8, 2005 Enacted Dec 20,
6 PTC Legislative Acts Enacted Dec 19, 1999 Enacted Mar 9, 2002 Enacted Oct 4, 2004 Enacted Aug 8, 2005 Enacted Dec 20, 2006 U.S. Annual Net Wind Capacity Additions Source: AWEA 5
7 PTC Legislative Acts Enacted Dec 19, 1999 Enacted Mar 9, 2002 Enacted Oct 4, 2004 Enacted Aug 8, 2005 Enacted Dec 20, 2006 U.S. Annual Net Wind Capacity Additions Source: AWEA 6
8 Presentation Overview The PTC and boom-bust investment How does PTC uncertainty affect wind investment? Precisely what causes this volatility? Beyond the PTC What would a post-ptc world look like? What are the alternatives to a PTC? 7
9 Presentation Overview The PTC and boom-bust investment How does PTC uncertainty affect wind investment? Precisely what causes this volatility? Beyond the PTC What would a post-ptc world look like? What are the alternatives to a PTC? 8
10 U.S. Annual Net Wind Capacity Additions Source: AWEA 9
11 In fact, this investment volatility is unrelated to the underlying economics of wind. Instead, it is due to the dynamic of PPA* negotiations in the face of uncertainty. * PPA = Power Purchase Agreement 10
12 Wind Capacity by Power Off-Take Arrangement (MW, per End 2006) Off-Taker PPA Non-PPA Total IOU 5,567 1,191 6,758 POU 1, ,657 Power Marketer 1, ,839 Merchant 0 1,297 1,297 On-Site Total 8,755 2,820 11,574 76% 24% IOU = Investor-Owned Utility POU = Publicly Owned Utility Power marketers are corporate intermediaries that purchase power under contract and then re-sell that power to others. Merchant power is sold on the spot market rather than under long-term contract. Power used on-site by plant owners (generally commercial entities) to offset their other electricity load. 11 Source: Wiser, R. and M. Bolinger (2007). Annual Report on U.S. Wind Power Installation, Cost, and Performance Trends: 2006, LBNL.
13 PPA Agreements Under PTC Certainty and Uncertainty PTC? Net cost to IPP* Why? PPA price Conditions for agreement * IPP = Independent Power Producer. Assuming a 2 /kwh PTC and a 5 /kwh cost of producing wind power. These are illustrative numbers only, not meant to represent exact costs. 12
14 PPA Agreements Under PTC Certainty and Uncertainty PTC? Net cost to IPP* Why? PPA price Conditions for agreement Yes 3 2 PTC 3 As long as value to utility 3 * IPP = Independent Power Producer. Assuming a 2 /kwh PTC and a 5 /kwh cost of producing wind power. These are illustrative numbers only, not meant to represent exact costs. 13
15 PPA Agreements Under PTC Certainty and Uncertainty PTC? Net cost to IPP* Why? PPA price Conditions for agreement Yes 3 2 PTC 3 As long as value to utility 3 No 5 No PTC 5 As long as value to utility 5 * IPP = Independent Power Producer. Assuming a 2 /kwh PTC and a 5 /kwh cost of producing wind power. These are illustrative numbers only, not meant to represent exact costs. 14
16 PPA Agreements Under PTC Certainty and Uncertainty PTC? Net cost to IPP* Why? PPA price Conditions for agreement Yes 3 2 PTC 3 As long as value to utility 3 No 5 No PTC 5 As long as value to utility 5 Maybe 5 PTC not bankable No deal No matter how valuable wind is to utility * IPP = Independent Power Producer. Assuming a 2 /kwh PTC and a 5 /kwh cost of producing wind power. These are illustrative numbers only, not meant to represent exact costs. 15
17 It is not the lack of the PTC that drives such drastic dips in investment during off years, but uncertainty over its return! 16
18 Negotiations Evidence According to 2006 Wind Survey 1 respondents: Who do you think would generally absorb the cost difference between a PTC and a no-ptc world? Utilities are considered the major beneficiary of the PTC Responses: Online survey sent to 3800 attendees of wind industry conferences, May
19 Negotiations Evidence According to 2006 Wind Survey 1 respondents: Who do you think would generally absorb the cost difference between a PTC and a no-ptc world? Utilities are considered the major beneficiary of the PTC Other Evidence Responses: 291 In a 2005 request for proposal (RFP) with and without PTC renewal, the bids differed by exactly the value of the PTC 2 1 Online survey sent to 3800 attendees of wind industry conferences, May Author interview with utility representative, July
20 Negotiations Evidence According to 2006 Wind Survey 1 respondents: Who do you think would generally absorb the cost difference between a PTC and a no-ptc world? Utilities are considered the major beneficiary of the PTC Other Evidence Responses: 291 In a 2005 request for proposal (RFP) with and without PTC renewal, the bids differed by exactly the value of the PTC 2 According to an industry insider, 99% of the time, PPAs pass the value of the PTC to the utility - Feo (2007) 3 1 Online survey sent to 3800 attendees of wind industry conferences, May Author interview with utility representative, July Feo, E., Partner, Milbank LLP, Panel Discussion Debt & Equity, WINDPOWER 2007, Los Angeles, CA, 3-6 June
21 Presentation Overview The PTC and boom-bust investment How does PTC uncertainty affect wind investment? Precisely what causes this volatility? Beyond the PTC What would a post-ptc world look like? What are the alternatives to a PTC? 20
22 Suppose the federal production tax credit no longer existed and you knew it would never come back. Do you think any new wind projects would be planned and developed in the U.S.? What percentage of new projects (i.e., not already under construction) do you think would go forward even without the PTC? 33.3% of all projects in U.S. 37.0% of respondents own projects Responses:
23 Suppose the federal production tax credit no longer existed and you knew it would never come back. Do you think any new wind projects would be planned and developed in the U.S.? What percentage of new projects (i.e., not already under construction) do you think would go forward even without the PTC? 33.3% of all projects in U.S. 37.0% of respondents own projects Responses: 300 Optimism is even greater among those with previous involvement in wind projects: Developers: 42% of their projects Utility off-takers: 48% of their projects 22
24 Presentation Overview The PTC and boom-bust investment How does PTC uncertainty affect wind investment? Precisely what causes this volatility? Beyond the PTC What would a post-ptc world look like? What are the alternatives to a PTC? 23
25 How likely would you consider the following types of renewable energy incentives, once enacted, to stay in effect (i.e., law not likely to be reversed) long enough to influence long-term investment planning? Regional-level portfolio standards National-level portfolio standard Favorable depreciation rules Production tax credits Favorable pricing or tariff mechanisms Production subsidies 24
26 Thanks Professors Alex Farrell, Rich Lyons, Isha Ray, University of California at Berkeley Climate Decision Making Center (National Science Foundation/Carnegie Mellon University)* Link Energy Foundation Survey respondents and supporters * CDMC is located in CMU s Department of Engineering and Public Policy. This Center has been created through a cooperative agreement between the National Science Foundation (SES ) and Carnegie Mellon University. 25
27 Impact of Policy Uncertainty on Renewable Energy Investment: Wind Power and the PTC Merrill Jones Barradale PhD Candidate, Energy and Resources Group, UC Berkeley 27th USAEE Conference, Houston, TX, September 17
28 UNUSED SLIDES
29 Wind Plant Supply Curves in a PTCand no-ptc World P S no PTC S PTC D Q Conditions for flat demand curve: There exist multiple buyers in the market (therefore no strategic behavior on the part of buyers); AND All buyers have (an) alternative source(s) of power available to them at the same backstop price (e.g. coal at 5 cents) Not a common situation for electricity markets! 28
30 How long beyond 2007 do you think the U.S. government will continue extending the PTC? Responses:
31 2006 Wind Industry Survey Methodology Online survey conducted May 2006 Sent to attendees of various wind industry conferences, including AWEA s WINDPOWER 2005 conference in Denver Sent to 3800 people Overall response rate: 8.9% 30
32 Generating Respondents Response rate: 8.9% s sent s arrived (not returned) Clicked on link Went past 1st question Reached end of survey 31
33 Other Motivations for Wind Investment State and local policy incentives for wind investment Demand for wind power from green consumer programs Particularly profitable project development opportunities 32
Copyright 2015, First Solar, Inc.
Copyright 2015, First Solar, Inc. Forward-Looking Statements During the course of this presentation the Company will make projections and other statements that are forward-looking statements within the
More informationBEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA Order Instituting Rulemaking to Develop a Successor to Existing Net Energy Metering Tariffs Pursuant to Public Utilities Code Section 2827.1,
More informationCYRUSONE TO ACQUIRE ZENIUM DATA CENTERS
CYRUSONE TO ACQUIRE ZENIUM DATA CENTERS THIRD QUARTER 2017 EARNINGS October 31, 2017 DECEMBER 21, 2017 SAFE HARBOR S A F E H A R B O R This presentation contains forward-looking statements regarding future
More information1Q17 RESULTS M AY / 2017
RESULTS M AY / 2017 Positivo Tecnologia recorded a net revenue of R$453.5 million in, an increase of 20.7% Continuous progress in the diversification of the business, with mobile phones reaching 32.6%
More informationCost efficient procurement of solar PV assets
Cost efficient procurement of solar PV assets Transnet - CSIR Solar PV Workshop CSIR Energy Centre Energy Autonomous Campus with Energy Markets & Policy Pretoria Campus: Knowledge Commons, Ulwazi 19 May
More informationEconomics: Principles in Action 2005 Correlated to: Indiana Family and Consumer Sciences Education, Consumer Economics (High School, Grades 9-12)
Indiana Family and Consumer Sciences Education, Consumer Economics Consumer Economics 1.0 PROCESSES: Explain, demonstrate, and integrate processes of thinking, communication, leadership, and management
More informationRocky Mountain Power Exhibit RMP (RTL-1) Docket No Witness: Rick T. Link BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH
Exhibit RMP (RTL-1) BEFORE THE PUBLIC SERVICE COMMISSION OF THE STATE OF UTAH ROCKY MOUNTAIN POWER Exhibit Accompanying Direct Testimony of Rick T. Link May 31, 2017 Pre-Issuance Bidders Conference Presentation
More informationCitiManager Alerts
GSA SmartPay 2010 Conference CitiManager Email Alerts Mini Session 12 th Annual GSA SmartPay Conference Atlanta, GA August 10 12, 2010 Goals & Objectives This course is designed to assist you in achieving
More informationLEGAL AND REGULATORY FRAMEWORK AND OPPORTUNITIES FOR OFF-GRID POWER GENERATION IN NIGERIA
LEGAL AND REGULATORY FRAMEWORK AND OPPORTUNITIES FOR OFF-GRID POWER GENERATION IN NIGERIA Ifedayo Adeoba Senior Associate Detail Commercial Solicitors October, 2017 0 OUTLINE On-grid power generation Off-grid
More informationIs Something Wrong with Texas Home Prices?
Is Something Wrong with Texas Home Prices? Finding Shelter: Affordability Squeeze in a Tight Texas Housing Market Dallas Federal Reserve February 23, 2018 Constrained supply plus strong demand = accelerated
More informationConsolidated Financial Results for the Second Quarter, Fiscal 2018
Consolidated Financial Results for the Second Quarter, Fiscal 2018 Ⅰ. Consolidated Financial Results for the First Half, Fiscal 2018 Consolidated Financial Results for Fiscal 2018 Ⅱ. Supplementary Data
More informationSUBJECT: PRESTO operating agreement renewal update. Committee of the Whole. Transit Department. Recommendation: Purpose: Page 1 of Report TR-01-17
Page 1 of Report TR-01-17 SUBJECT: PRESTO operating agreement renewal update TO: FROM: Committee of the Whole Transit Department Report Number: TR-01-17 Wards Affected: All File Numbers: 465-12, 770-11
More informationInternational cooperation on power interconnection: Mongolian Regulatory perspective
4 th Northeast Asia Energy Security Forum International cooperation on power interconnection: Mongolian Regulatory perspective ENKHTUVSHIN Ganbaatar Ph.D. candidate Energy and Environmental Department,
More informationFY18 FULL-YEAR RESULTS 31 AUGUST 2018 NEXTDC LIMITED ACN
FY18 FULL-YEAR RESULTS 31 AUGUST 2018 NEXTDC LIMITED ACN 143 582 521 FY18 HIGHLIGHTS REVENUE $161.5m +31% UNDERLYING EBITDA 1 $62.6m +28% UTILISATION 40MW +28% CUSTOMERS 972 +26% PARTNERS 470+ 60+ NETWORKS
More informationReal Estate Forecast 2015
Real Estate Forecast 2015 No Place But Up Interest Rates Rents Prices Real Estate and the Economy Ted C. Jones, PhD Chief Economist Stewart Title Guaranty Company Thank Heavens for Global Warming Think
More informationWIND. Representing clients across the renewable energy industry. Troutman Sanders LLP. troutman.com
WIND Representing clients across the renewable energy industry Troutman Sanders renewable energy attorneys offer innovative legal solutions to help clients succeed in the wind energy industry. Our deep
More informationIMPLICATIONS AND OPPORTUNITIES OF THE REIT MODERNIZATION ACT
IMPLICATIONS AND OPPORTUNITIES OF THE REIT MODERNIZATION ACT INTRODUCTION Congress created REITs in 1960 to allow people to invest in diversified, professionally managed real estate enterprises, but over
More informationFederation of Tax Administrators Conference Minneapolis, Minnesota September 26, 2001
Federation of Tax Administrators Conference Minneapolis, Minnesota September 26, 2001 Measurement Framework Measurement Activities Overview н Present, Future & Unfunded Lessons Learned Opportunities to
More informationReseller Incentive Terms and Conditions
Reseller Incentive Terms and Conditions 1. Definitions 1.1. Affinity Partner Program the Trend Micro channel partner program to which this set of terms and conditions is a component of. 1.2. Authorised
More informationE.ON UK plc Group Consolidated Segmental Report. for the year ended 31 December 2011
E.ON UK plc Group Consolidated Segmental Report for the year ended 31 December 2011 In accordance with the Electricity Generation Licence Condition 16 - Financial Information Reporting and the Electricity
More informationNegotiations or Clarifications - Do you know the difference?
Government Procurement Services GPS - Directing You to Success This newsletter is published on a monthly basis to provide relevant information to government purchasing and contracting professionals regarding
More informationERCOT MARKET. PNUCC Larry Weis June 2, 2017
ERCOT MARKET PNUCC Larry Weis June 2, 2017 1 AGENDA Overview Evolution ERCOT Wholesale Market/COUs Business Change Questions and Wrap-up 2 ELECTRIC RELIABILITY COUNCIL OF TEXAS (ERCOT) Manages the flow
More informationNew Jersey LFN Packet Check List
New Jersey LFN 2012-10 Packet Check List Contract Documents Screenshot Page from solicitation that indicates Lead Agency and issuance of solicitation on behalf of themselves, U.S. Communities and agencies
More informationTransmission Infrastructure By Public-Private Model
Portfolio Media, Inc. 648 Broadway, Suite 200 New York, NY 10012 www.law360.com Phone: +1 212 537 6331 Fax: +1 212 537 6371 customerservice@portfoliomedia.com Transmission Infrastructure By Public-Private
More informationCorporate GHG Commitments & Advocacy for State Climate and Energy Policies
Corporate GHG Commitments & Advocacy for State Climate and Energy Policies 2018 NASEO Energy Policy Outlook Alli Gold Roberts Who we are Ceres is transforming the economy to build a sustainable future
More informationThe Vision Council Winds of Change
The Vision Council Winds of Change Brian Beaulieu CEO Preliminary 217 Forecast Results If you heard ITR a year ago 2 Duration Accuracy US GDP (data through Sep) 24 98.5% US Ind. Prod. (Dec) 24 96.8% Eur
More informationFirst Quarter 2018 Earnings Presentation. May 8, 2018
First Quarter 2018 Earnings Presentation May 8, 2018 1 Safe Harbor Caution Concerning Forward-Looking Statements Various remarks that the Company makes contain forward-looking statements regarding acquisitions,
More informationMocuba The First Utility Scale PV Project in Mozambique
Scatec Solar ASA Mocuba The First Utility Scale PV Project in Mozambique October 26th, 2017 Scatec Solar - Integrated Independent Power Producer Scatec Solar develops, builds, owns & operates solar plants
More informationSony Ericsson sells over 100 million handsets in 2007
PRESS RELEASE January 16, 2008 Sony Ericsson sells over 100 million handsets in 2007 Q4 Highlights: 2007 Highlights: 18% increase in volume year-on-year Continued market share gains and profitable growth
More informationReport Designer for Sage MAS Intelligence 90/200
Report Designer for Sage MAS Intelligence 90/200 Table of Contents What is the Report Designer?... 1 Installing the Report Designer... 2 Pre-installation requirements... 2 The Interface... 3 Accessing
More informationUnderstanding Today s Mobile Device Shopper. Google/Compete, U.S. Mar 2011
Understanding Today s Mobile Device Shopper Google/Compete, U.S. Mar 2011 Methodology This study was based on understanding the attitudes of online users who identified themselves as wireless purchasers
More informationCreate a planet run by the sun.
Create a planet run by the sun. Sunrun & Comcast Agreement August 24, 2017 Safe Harbor & Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A
More informationQUALCOMM Reports First Quarter Results Revenues $941 Million, $.65 EPS
Contact: Julie Cunningham Vice President, Investor Relations Ph 619-658-4224 Fax 619-651-9303 E-mail: juliec@qualcomm.com QUALCOMM Reports First Quarter Results Revenues $941 Million, $.65 EPS SAN DIEGO
More informationNokia Conference Call Fourth Quarter 2010 and Full Year 2010 Financial Results
Nokia Conference Call Fourth Quarter 2010 and Full Year 2010 Financial Results January 27, 2011 15.00 Helsinki time 8.00 New York time Stephen Elop President and CEO Timo Ihamuotila CFO Matt Shimao Head
More informationOutdoor Lighting Accelerator: Challenges & Opportunities Click To Edit Master Title Style
Outdoor Lighting Accelerator: Challenges & Opportunities Click To Edit Master Title Style Crystal McDonald, Policy Advisor Office of Energy Efficiency and Renewable Energy Partnerships & Technical Assistance
More information12 Approval of a New PRESTO Agreement Between York Region and Metrolinx
Clause 12 in Report No. 7 of Committee of the Whole was adopted, without amendment, by the Council of The Regional Municipality of York at its meeting held on April 20, 2017. 12 Approval of a New PRESTO
More informationKent Wind Energy Networking Event. Wednesday 26 th September
Kent Wind Energy Networking Event Wednesday 26 th September Consortium partners Dong Energy is a leading offshore wind developer, having built around half of all offshore wind farms globally. (50%) E.ON
More informationI-95 Corridor Coalition. Multi-State VMT-Based Road-User Fee Initiative. Mark F. Muriello
I-95 Corridor Coalition Multi-State VMT-Based Road-User Fee Initiative Mark F. Muriello Assistant Director Tunnels, Bridges and Terminals The Port Authority of NY & NJ Co-Chair Policy & Strategic Planning
More informationAdvanced RTU Campaign Technical Resources: Evaluating Performance December 10, 2013
Advanced RTU Campaign Technical Resources: Evaluating Performance December 10, 2013 Agenda Overview of the Advanced RTU Campaign Resources for RTU Evaluation RTU Evaluation Application RTU Upgrade Case
More informationGrid Interconnection of Renewable Generation
Grid Interconnection of Renewable Generation Randy Rismiller August 14, 2013 Generator Interconnection Rule Responsibility In the United States, the responsibility for establishing generator interconnection
More informationMD&A. Operational Summary MANAGEMENT DISCUSSION AND ANALYSIS FIRST QUARTER 2016
MD&A Executive Summary The competition level in Q116 heightened after the auctions in Q415 with expiration of 900 MHz concession and changes in spectrum holdings among operators. Handset subsidies on prepaid
More information2017 Q4 Earnings Conference Call
2017 Q4 Earnings Conference Call Forward Looking Statements This presentation includes certain forward-looking statements that are made as of the date hereof and are based upon current expectations, which
More informationThe Impact of New Energy Production Technologies on Equipment Finance Opportunities and Challenges Shaping the Future of the Finance Industry
The Impact of New Energy Production Technologies on Equipment Finance Opportunities and Challenges Shaping the Future of the Finance Industry CELEBRATING 31 9 8 9-2 0 1 9 YEARS The Impact of New Energy
More informationSenvion signs conditional contract in USA for 275 MW
Senvion signs conditional contract in USA for 275 MW August 21, 2018 Senvion signs conditional contract in USA for 275 MW Third large-scale order for 4.2M140 turbine within a month Denver, Hamburg: Senvion
More informationKaufman Brothers 13 th Annual Investor Conference
Kaufman Brothers 13 th Annual Investor Conference Craig DeYoung, VP Investor Relations New York, New York September 14, 21 / Slide 1 Safe Harbor "Safe Harbor" Statement under the US Private Securities
More informationCitiManager. Registering for CitiManager, Enrolling in Paper-Free Statements, and Viewing Your Electronic Statement
CitiManager Registering for CitiManager, Enrolling in Paper-Free Statements, and Viewing Your Electronic Statement August 6, 2013 Table of Contents 1. Self-Registration in CitiManager (Cardholders) 3 2.
More informationAccountancy (ACCTCY) Accountancy (ACCTCY) 1
Accountancy (ACCTCY) 1 Accountancy (ACCTCY) ACCTCY 2010: Introduction to Accounting Introduction to accounting for non-business majors. Emphasis on introducing students to business operations, as well
More informationCross-Border participation in the GB Capacity Market. Elaine O Connell 15 th January 2015
Cross-Border participation in the GB Capacity Market Elaine O Connell 15 th January 2015 Agenda Capacity Market Results Cross border participation in the GB Capacity Market Next Steps 2 Capacity Market
More informationREVIEW OF CONVENTIONAL OIL AND GAS TERMS OF ALBERTA. July 29, Pedro van Meurs
REVIEW OF CONVENTIONAL OIL AND GAS TERMS OF ALBERTA July 29, 2007 Pedro van Meurs Important note: This report is being provided to the Department of Energy under a consulting contract with Pedro Van Meurs.
More informationForeign Direct Investment (FDI) and Renewable Energy. Donal Flavin, Strategic Policy Manager, IDA Ireland
Foreign Direct Investment (FDI) and Renewable Energy Donal Flavin, Strategic Policy Manager, IDA Ireland October 11, 2018 Presentation Outline IDA Ireland. Ireland s FDI (Foreign Direct Investment) Sector.
More informationDLA Energy Panel: Energy Resiliency and Assurance
DLA Energy Panel: Energy Resiliency and Assurance U.S. Air Force Office of Energy Assurance Mr. Shawn Bennett, Senior Advisor 12 April 2017 Installation Energy Is Mission Critical AVIATION ~5,517 Aircraft
More informationForward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding
More informationSteve Milligan President & Chief Executive Officer. April 22, 2010
Steve Milligan President & Chief Executive Officer April 22, 2010 Cautionary Statement Certain statements found in this document may constitute forward-looking statements as defined in the U.S. Private
More informationEricsson Second quarter 2018
Ericsson Second quarter 2018 July 18, 2018 Telefonaktiebolaget LM Ericsson 2018 Second quarter report 2018 July 18, 2018 Page 1 Peter Nyquist Vice President Investor Relations Telefonaktiebolaget LM Ericsson
More informationDELIVERING SUPERIOR SHAREHOLDER VALUE. PALO VERDE OVERVIEW Randy Edington
DELIVERING SUPERIOR SHAREHOLDER VALUE PALO VERDE OVERVIEW Randy Edington PALO VERDE OVERVIEW AGENDA 2 Business plan/objectives Performance trends Major capital improvements Fukushima follow-up Operating
More informationNokia Conference Call Second Quarter 2010 Financial Results
Nokia Conference Call Second Quarter 2010 Financial Results July 22, 2010 15.00 Helsinki time 8.00 New York time Olli-Pekka Kallasvuo CEO Timo Ihamuotila CFO Kristian Pullola Head of Treasury and Investor
More informationUBS Technology Conference 2011 Franki D Hoore - Director European Investor Relations London, March 10, 2011
UBS Technology Conference Franki D Hoore - Director European Investor Relations London, March 10, / Slide 1 Safe Harbor "Safe Harbor" Statement under the US Private Securities Litigation Reform Act of
More informationSilicon Valley Power:
Critical Facilities Roundtable Silicon Valley Power: Santa Clara s Hometown Advantage John Roukema Assistant Director Silicon Valley Power June 2, 2006 1 SVP: Santa Clara s Hometown Advantage High value
More informationImpact of Distributed Generation on the Cost Effectiveness of Large Power Plants
Impact of Distributed Generation on the Cost Effectiveness of Large Power Plants Christopher Breuer and Reinhard Madlener Institute for Future Energy Needs and Behavior (FCN) / Chair of Energy Economics
More informationNETWORX PROGRAM INDIVIDUAL SMALL BUSINESS SUBCONTRACTING PLAN IDIQ TASK ORDER BASED
NETWORX PROGRAM INDIVIDUAL SMALL BUSINESS SUBCONTRACTING PLAN IDIQ TASK ORDER BASED Company Name: Qwest Government Services, Inc. (QGSI) Address: 4250 N. Fairfax Drive Arlington, VA 22203 Date Submitted:
More informationMUNTERS FOURTH. QUARTER 2018 Munters towards full potential
MUNTERS FOURTH QUARTER 2018 Munters towards full potential Agenda Munters Full Potential Program Q4 and Full Year 2018 results 2 Starting point Munters has attractive fundamentals, strong technology base,
More informationR E N E W A B L E E N E R G Y D E V E L O P M E N T I N K A Z A K H S T A N MINISTRY OF ENERGY OF THE REPUBLIC OF KAZAKHSTAN
R E N E W A B L E E N E R G Y D E V E L O P M E N T I N K A Z A K H S T A N MINISTRY OF ENERGY OF THE REPUBLIC OF KAZAKHSTAN KAZAKHSTAN 18 2.7 $133.6 $7510.08 Mln. Mln. km 2 Bln. People 9 th biggest country
More information2nd Quarter 2017 Earnings Results
2nd Quarter 2017 Earnings Results August 2, 2017 Forward-Looking Statements Except for historical and factual information, the matters set forth in this presentation and other of our oral or written statements
More informationACCOUNTING (ACCT) Kent State University Catalog
Kent State University Catalog 2018-2019 1 ACCOUNTING (ACCT) ACCT 23020 INTRODUCTION TO FINANCIAL ACCOUNTING 3 Credit (Equivalent to ACTT 11000) Introduction to the basic concepts and standards underlying
More informationFor personal use only
FY 2014 Half-Year Results 27 February 2014 NEXTDC LIMITED ACN 143 582 521 H1 FY14 highlights for the half-year ended 31 December 2013 National network nearing completion Strong functional sales channel
More informationFY18 HALF-YEAR RESULTS 23 FEBRUARY 2018 NEXTDC LIMITED ACN
FY18 HALF-YEAR RESULTS 23 FEBRUARY 2018 NEXTDC LIMITED ACN 143 582 521 1H18 HIGHLIGHTS REVENUE $77m +32% EBITDA 1 $33.6m +41% UTILISATION 39MW +31% CUSTOMERS 875 +25% PARTNERS 380+ 60+ NETWORKS INTERCONNECTIONS
More informationThe current state of the electrical grid And the technologies that will enable its transformation
ABB POWER GRIDS The current state of the electrical grid And the technologies that will enable its transformation IEEE POWER & ENERGY SOCIETY - SUBSTATIONS COMMITTEE May 7-11 th Agenda State of the Industry
More informationSituation and Outlook of PPP Infrastructure Development in Indonesia
Situation and Outlook of PPP Infrastructure Development in Indonesia Dedy S. Priatna, PhD Deputy Minister for Infrastructure National Development Planning Agency (Bappenas) PPP Infrastructure Investment
More informationA checklist for the new 990 requirements:
A checklist for the new 990 requirements: 1.) a mission statement or a description of the organizations most significant activities: 2.) the number of voting members in the organization s governing body
More information1-TIER AUTHORIZED INFORMATICA RESELLER (AIR)
1-TIER AUTHORIZED INFORMATICA RESELLER (AIR) PROGRAM GUIDE (Revised 1 January 2018) 2018 Informatica. For Authorized Informatica Partners Only -1- The Informatica Partner Program The Informatica Partner
More informationSupport Services NETcellent Elliott Business Software
Support Services NETcellent Elliott Business Software NETcellent System, Inc. Technical Support \\nsi\vol1\sharedoc\suppolic.y\support.doc Revised: 07/26/17 9:07 AM 1 NETcellent Technical Support NETcellent
More information2-TIER AUTHORIZED INFORMATICA RESELLER PROGRAM GUIDE
2-TIER AUTHORIZED INFORMATICA RESELLER PROGRAM GUIDE 2017 Informatica. For Authorized Informatica Partners Only -1- The Informatica Partner Program The Informatica Partner Program is a holistic membership
More informationSmall Hydro Regulatory and Permitting Requirements California
Small Hydro Regulatory and Permitting Requirements California Lon W. House, Ph.D. 530.409.9702 Water & Energy Small Hydro Regulatory and Compliance FERC QF, Small Hydro License or Exemption EIA Generator
More informationError! No text of specified style in document.
Error! No text of specified style in document. Error! Use the Home tab to apply Section title to the text that you want to appear here. CFD Independent Auditor Report on CFD Allocation Round 2 4 September
More informationHouston Economic Outlook. Prepared by Patrick Jankowski SVP Research
Houston Economic Outlook Prepared by Patrick Jankowski SVP Research Longest U.S. Expansions Tech Boom '91 - '01 120 Current Boom June '09 to Present 114 60s Boom '61 - '69 Reagan Years '82 - '90 92 106
More informationExplanatory Material for Financial Report for Second Quarter of Fiscal 2012 Ending March 31, October 28, 2011 Hitachi Cable, Ltd.
Explanatory Material for Financial Report for Second Quarter of Fiscal 2012 Ending March 31, 2012 October 28, 2011 Hitachi Cable, Ltd. 2011 Hitachi Cable, Ltd. All rights reserved. 1 Table of Contents
More informationWind Powered Datacenter: Indiana
Purdue University From the SelectedWorks of Heather M Brotherton Summer July, 2011 Wind Powered Datacenter: Indiana Heather M Brotherton, Purdue University - Main Campus Available at: https://works.bepress.com/heatherbrotherton/5/
More informationFORM 0928A Section K Homes for the Elderly or Disabled
FORM 0928A Section K Homes for the Elderly or Disabled This information must be completed by any organization that indicated in Section I that it provides housing for the elderly and/or disabled. 1. Describe
More informationInvestor Presentation
Investor Presentation September 2013 Copyright 2013 CoreSite. All Rights Reserved. Investors 01.30.13 Forward Looking Statements This presentation may contain forward-looking statements within the meaning
More informationFrequently Asked Questions
Frequently Asked Questions Programme Overview What are Moody's Analytics Certifications? Moody s Analytics certification programmes are globally recognised and developed for India. The certifications leverage
More informationTABLE OF CONTENTS. Report Designer User Guide
Alchemex Report Designer User Guide September 2010 TABLE OF CONTENTS Report Designer User Guide Installing the Alchemex Excel Report Designer... 3 Pre-installation requirements... 3 Alchemex Excel Report
More informationNokia Conference Call First Quarter 2010 Financial Results
Nokia Conference Call First Quarter 2010 Financial Results April 22, 2010 15.00 Helsinki time 8.00 New York time Olli-Pekka Kallasvuo CEO Timo Ihamuotila CFO Kristian Pullola Head of Treasury and Investor
More informationPRESS RELEASE January 16, 2009 Sony Ericsson reports results for fourth quarter and full year 2008
PRESS RELEASE January 16, 2009 Sony Ericsson reports results for fourth quarter and full year 2008 Highlights: Global economic slowdown leads to contracting consumer demand Previously announced annual
More informationEntergy Arkansas, Inc. Transition Plan Technical Conference #1
Entergy Arkansas, Inc. Transition Plan Technical Conference #1 May 5, 2010 1 Why Technical Conferences? Complex subject matter Venue for stakeholders to develop an awareness and understanding of the issues
More informationInvestor Presentation. February 2016
Investor Presentation February 2016 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
More informationAnalyst Presentation Half year results July 2007
Analyst Presentation Half year results 2007 20 July 2007 Agenda Business Review H1 2007 - B. Moschéni Financial Figures H1 2007 - W. De Laet Outlook FY 07 & Conclusions - B. Moschéni 2 3 Business Review
More informationIDC MarketScape: Worldwide Datacenter Transformation Consulting and Implementation Services 2014 Vendor Assessment
IDC MarketScape IDC MarketScape: Worldwide Datacenter Transformation Consulting and Implementation Services 2014 Vendor Assessment Ali Zaidi Gard Little THIS IDC MARKETSCAPE EXCERPT FEATURES: HCL IDC MARKETSCAPE
More informationHVIP Voucher Processing Outline
HVIP Voucher Processing Outline Voucher Processing Timing Signing into Dealer Home Submitting a Voucher Request Confirming a Voucher Requirements of an Approved Voucher HVIP Voucher Processing Outline
More informationBachelor of Applied Finance (Financial Planning)
Course information for Bachelor of Applied Finance (Financial Planning) Course Number HE20521 Location St George Ultimo Course Structure The structure below is the typical study pattern for a full time
More informationEquipment Installment Plans for enterprise customers
AT&T Premier Equipment Installment Plans for enterprise customers Premier enhancements Release Notes December 2015 Presenting Equipment Installment Plans, a new way to purchase and own devices An Equipment
More informationMunicipal Broadband Project. City Council Meeting February 4, 2016
Municipal Broadband Project City Council Meeting February 4, 2016 Broadband Timeline 12 Months February March 2015 Feasibility Study April May 2015 Business Plan Development June August 2015 Renegotiation
More informationContents USER S MANUAL 1
USER S MANUAL IRENA 2016 This manual was prepared by the International Renewable Energy Agency (IRENA) to provide comprehensive, step-by-step guidance to users of the web-based Sustainable Energy Marketplace
More informationFinancing resilience at the subnational 22 JUNE 2014 STANDING COMMITTEE ON FINANCE FORUM, MONTEGO BAY, JAMAICA
Financing resilience at the subnational level in South Africa 22 JUNE 2014 STANDING COMMITTEE ON FINANCE FORUM, MONTEGO BAY, JAMAICA My key takeaways from 21 June 2014 1. Improve access to finance through
More information3.1. Taiwan Solar PV On-Grid and Off-Grid Cumulative Installed Capacity,
TABLE OF CONTENTS 1. Taiwan Solar Photovoltaic (PV) Market Introduction 2. Taiwan Solar Feed-in Tariffs Present Status and Impact 3. Taiwan Solar PV Market Size, 2006-2010 3.1. Taiwan Solar PV On-Grid
More informationSet and Mobile Alert Messaging
CitiManager Set Email and Mobile Alert Messaging Quick Reference Guide May 2013 Transaction Services User Guide Overview Use this procedure to set email and mobile alerts for various account activities.
More informationSustainability: It s not just for tree-huggers. Nicole Peill-Moelter Director of Environmental Sustainability
Sustainability: It s not just for tree-huggers Nicole Peill-Moelter Director of Environmental Sustainability Akamai s Distributed Computing Platform Our Markets and Customers Media & Entertainment High
More informationSilicon Valley Power Data Center Program Rebate Application
Contact Information Tax Status (check one) Sole Proprietor Contact Name Phone Corporation Partnership Company Email address Government Not-For-Profit Customer/Facility Information Company Name SVP Account
More informationLessons learned from consortium buying: the Dutch Wind Consortium. RE-Scandinavia Malmö, Sweden 29 August 2018
Lessons learned from consortium buying: the Dutch Wind Consortium RE-Scandinavia Malmö, Sweden 29 August 2018 Today s talk The Dutch wind consortium: what, why and how Lessons for Scandinavian-buyer groups
More informationEthics and Professional Conduct for Washington CPAs. Course #4300S Exam Packet
Ethics and Professional Conduct for Washington CPAs Course #4300S Exam Packet ETHICS AND PROFESSIONAL CONDUCT FOR WASHINGTON CPAS (COURSE #4300S) COURSE DESCRIPTION This course is designed to meet the
More informationStrategic Reserve in Belgium Design and functioning
Strategic Reserve in Belgium Design and functioning Andreas Tirez Director Technical functioning of the markets IAEE March 9, 2015 Paris 1 Strategic Reserve (SR) Generation capacity that is being closed,
More information