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Why Not PSE?

R a n d a l S a m s t a g

F r i e n d s O f I s l a n d P o w e r

B a i n b r i d g e C l i m a t e A n d E n e r g y F o r u m

Friends of IslandPowerhttp://www.island-power.org/

Bainbridge Climate and EnergyForumhttp://www.bainbridgeislandforum.org/

Edward Teller warned of global warming in a speechto the American Petroleum Institute in 1959.

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“Carbon dioxide has a strange property. It transmits visiblelight but it absorbs the infrared radiation which is emittedfrom the earth. Its presence in the atmosphere causes agreenhouse effect [....] It has been calculated that atemperature rise corresponding to a 10 per cent increase incarbon dioxide will be sufficient to melt the icecap andsubmerge New York. All the coastal cities would be covered,and since a considerable percentage of the human race livesin coastal regions, I think that this chemical contaminationis more serious than most people tend to believe.”

https://www.theguardian.com/environment/climate-consensus-97-per-cent/2018/jan/01/on-its-hundredth-birthday-in-1959-edward-teller-warned-the-oil-industry-about-global-warming

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Burning fossil fuels causes sea level and temperature rise.

Sources: http://www.climatecentral.org/news/the-last-time-co2-was-this-high-humans-didnt-exist-15938; IPCC Reports; https://www.esrl.noaa.gov/gmd/ccgg/trends/

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Where are we headed if we don’t stop?4

• National Plans – 3.3°C (6.0°F) – No change after national contribution pledge period.• <2.0°C Path – 1.8°C (3.3°F) – All countries peak by 2030 and then reduce steadily, with rates

in the post-2030 period faster in the developed countries (5%/yr) than in the developingcountries (3.5%/yr).

• 1.5°C Path – 1.5°C (2.8°F) – All developed countries peak by 2025 and then reduce steadily at10%/yr; all developing countries peak no later than 2030 and then reduce steadily at 8%/

Source: https://www.climateinteractive.org/programs/scoreboard/scoreboard-science-and-data/

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Puget Sound Energy

Owned by MacquarieCapital of Sydney, AU

Rates and Bills: 25% abovestate average

Macquarie Energy (a sistercompany) is 4th largest USgas trader.

PSE CEO is Chairperson ofAmerican Gas Assoc.

1.2 million customers in 8counties

Largest carbon polluter ofall utilities in Washington

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PSE / Macquarie (59 % FossilFuel)

PSE / Macquarie (59 % FossilFuel)

Jefferson County PUD (2.5 %Fossil Fuel)

Jefferson County PUD (2.5 %Fossil Fuel)

Electricity Production Fuel Mix

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Source: http://www.commerce.wa.gov/wp-content/uploads/2016/09/Energy-FMD-2014-final.pdf

PSE is the largest carbon polluting utility inWashington State by a massive amount.

Source: www.commerce.wa.gov/wp-content/uploads/2016/09/Energy-FMD-2014-final.pdf

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PSE produces 15 times more carbon pollution on a per-customer basis than public power utilities.

Source: www.commerce.wa.gov/wp-content/uploads/2016/09/Energy-FMD-2014-final.pdf

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Power SuppliedPower Supplied Carbon PollutionCarbon Pollution

PSE produces 25 percent of the power and nearly 60percent of the pollution in the State.

Source: www.commerce.wa.gov/wp-content/uploads/2016/09/Energy-FMD-2014-final.pdf

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PSE’s 2017 Integrated Resource Plan says PSE will produce10-12 million tons per year of carbon pollution through 2035.

The HypeThe Hype The RealityThe Reality

Base – No Carbon Tax

Source: https://pse.com/aboutpse/EnergySupply/Documents/8a_2017_PSE_IRP_Chapter_book_compressed_110717.pdf

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PSE is an investor-owned (for-profit) utility.

Regulated monopoly bythe Washington Utilitiesand Trade Commission

Allowed 9.8 percentreturn on investment

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PSE has the largest number of customers of anyutility in the State of Washington.

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Source: www.commerce.wa.gov/wp-content/uploads/2016/09/Energy-FMD-2014-final.pdf

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Yet, PSE’s rates are among the highest in the State.

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http://www.lni.wa.gov/TradesLicensing/Electrical/Install/Puds/default.asp and individual utility websites.

PSE “green rate”

PSE regular rate

PSE’s outage rates are higher than near-by publics.

Source: PSE WUTC 2014 Reliability Report, Web and Personal Communications with Pubic Utilities.

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PSE Kitsap (5-Year Average

SAIDI)

Bainbridge (2010 -2014 Average)

Snohomish PUD(Five-year average

SAIDI)

Pen Light (2010-2014 Average

SAIDI)

Port Angeles Light(2010 -2013 SAIDI)

Annual Outage(Minutes)

Comparison of PSE Kitsap / Bainbridge Outage Data to Some Public PowerUtilies

Conclusions

We have to stop carbon pollution from burning fossil fuels.

PSE/Macquarie is the largest carbon polluting utility inthe State of Washington.

PSE/Macquarie is planning to continue to pollute beyond2035.

PSE/Macquarie rate structures are among highest inWashington in spite of “economies of scale.”

PSE’s Kitsap County and Bainbridge reliability is five tofifteen times worse than comparable regional publicutilities.

Public power utilities have a much better record thanPSE/Macquarie on carbon impact, rates & reliability.

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Questions?

R a n d a l S a m s t a g

r s a m s t a g @ r s a m s t a g . c o m

Friends of IslandPowerhttp://www.island-power.org/

Bainbridge Climate and EnergyForumhttp://www.bainbridgeislandforum.org/

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