SM Green Technology and Renewable Energy Opportunities 4th Annual India Trade Conference, June 23, 2011 Cerritos CA Gary Barsley Manager of Customer Self-Generation Programs Southern California Edison EDISON INTERNATIONAL® SM About Southern California Edison One of the largest electric utilities in the U.S. with 125 years of service Service Area – 50,000 square miles – Over 180 cities Population Served – 13 million residents – 4.9 million customer accounts Industry leader in renewable energy, energy efficiency, electric transportation, smart grid and smart metering EDISON INTERNATIONAL® SM SCE’s Long-Term Resource Objectives System Reliability Price Stability Balance objectives through CPUC/CEC’s “loading order”: – Energy Efficiency; Demand Response – Renewable Resources – Distributed Generation Environmental Considerations – Clean and Efficient Fossil-Fired Generation Integration of Renewables Must Consider and Satisfy These Objectives EDISON INTERNATIONAL® SM SCE Delivers More Renewable Power Than Any Other Utility in the Country SCE 2010 20% Renewable Energy Goal Contracts are in place to meet 20% of customers’ energy requirement with renewable resources through flexible compliance. Small Hydro 5% 89% Increase 2010 Renewable Resources (14.5 billion kWh) Solar 6% Biomass 7% Geothermal 53% Wind 29% 2010 20% RPS (goal) SCE Renewable Resource % of Total Delivered Portfolio: 2020 Potential 33% RPS (goal) 19.4% EDISON INTERNATIONAL® SM Solar PV Growth At SCE Solar PV is the fastest growing resource in our renewable portfolio. As the cost of solar PV declines, the more of it we can purchase cost-effectively. Deliveries from Solar Contracts Executed Before Aug 2009 Deliveries from All Solar Contracts To-Date 7,000 9000 8000 6,000 7000 5,000 5000 GWh GWh 6000 4000 3000 4,000 3,000 2,000 2000 1,000 1000 0 0 Solar Thermal Solar PV Rooftop Solar PV Ground Mount EDISON INTERNATIONAL® SM SCE’s Comprehensive Approach to Solar While many options exist for renewables developers, the magnitude of RPS goals drives SCE to procure large volumes through its competitive solicitations. SCE has also found value in utility scale distributed solar as a means to achieve RPS compliance and provide greater flexibility in our procurement portfolio. Utility Scale Solar Procurement • • • • RPS Solicitations Bilateral Contracts Feed-in Tariffs Renewable Solar Contracts (to be Renewable Auction Mechanism) Large Utility Scale Distributed Solar Customer Owned Distributed Solar • 250 MW Utility Owned • 250 MW IPP • Commercial Warehouse Rooftop Installations • 1-2 MW Contracts (Avg) • California Solar Initiative • Up to 1 MW • Incentives Follow Declining Tier Structure Medium Small Power Deliveries Count Toward “RPS” Goals EDISON INTERNATIONAL® SM Utility Implications of larger volumes of Solar Solar PV is one of our fastest growing renewable resources, but also one of the most difficult to forecast Intermittency Challenges • Lower Cost Larger Supply Greater Output Variability of Portfolio • Energy storage has potential to mitigate need for back-up generation and could resolve intermittency issues, but not yet technically or economically feasible for utilities EDISON INTERNATIONAL® SM Thank You. Gary Barsley Manager of Customer Self-Generation Programs Southern California Edison Gary.Barsley@sce.com EDISON INTERNATIONAL®