Future of Energy in Virginia – 2018 Overview
Virginia's energy landscape is explored through the lens of the 2018 Virginia Municipal League Annual Conference in Hampton. Discussions include current energy sources, panelist insights from industry leaders like Dominion Energy, and future projections for conventional and renewable energy. Key topics include energy planning by private and public sectors, state government involvement, and implications for local governments. The state's electricity generation, consumption, and end uses are detailed, shedding light on the evolving energy sector in Virginia.
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Presentation Transcript
The Future of The Future of Energy in Virginia Energy in Virginia Virginia Municipal League 2018 Annual Conference Hampton, Virginia
Your Panelists Your Panelists Katharine Bond Ron Jefferson Tyson Utt John Warren Dominion Energy Appalachian Power Co. Apex Clean Energy Virginia Department of Mines, Minerals and Energy Preston Bryant Moderator McGuireWoods Consulting 2
Our Goals Today Our Goals Today What s the current state of Virginia energy? How do Dominion Energy and Appalachian Energy plan for the future? What role does state government plan in energy planning? How do private-sector energy developers especially of wind and solar plan and execute projects? What will conventional and renewable energy in Virginia look like in 5, 10, 15 years? What should excite or worry local governments about Virginia s energy future? 3
Virginia Energy in 2018 Virginia Energy in 2018 Electricity Generation Sources Natural Gas Nuclear Coal Renewables Hydro Electric Petroleum 52% 28% 11% 8% 2% 1% (2016 figures) 4
Virginia Energy in 2018 Virginia Energy in 2018 Energy Generation 144 power plants in Virginia Coal, nuclear, biomass, hydro, natural gas, solar, wind, wood, geothermal, petroleum, other 5
Virginia Energy in 2018 Virginia Energy in 2018 Electricity Consumption End Use Residential Electricity delivers 58% of all energy to residential sector Commercial sector Electricity delivers 61% of all energy to commercial Industrial Electricity delivers 19% of all energy to industrial sector; natural gas also is heavily used in industrial sector Transportation is the largest user of energy in Virginia; residential and commercial use about equal amounts of energy; industrial uses slightly less. 6
Virginia Energy in 2018 Virginia Energy in 2018 Dominion Energy Energy Generation coal, nuclear, natural gas, biomass, pumped storage, hydro, solar, other 18,265 MW Appalachian Power Energy Generation coal, natural gas, hydro, pumped storage, wind, other 6,958 MW 7
Virginia Energy in 2018 Virginia Energy in 2018 Virginia s energy consumption is 2.5 times greater than the state s energy production Virginia imports from other states about 55% of total energy used 8
Virginia Energy in 2018 Virginia Energy in 2018 Renewable Energy solar, wind, geothermal, wood, other Solar power is growing dramatically Current capacity is about 700 MW (enough to power about 70,000 homes) In 2017, Dominion Energy accounted for more than half of new solar generation Solar capacity may triple in next 5 years Wind power is in early stages of development land and offshore First utility-scale wind project (80 MW) has been permitted (Botetourt Co.) Offshore wind demonstration project is being planned (Dominion Energy and rsted) two 6 MW wind turbines to be built 27 miles off Virginia Beach 9
Virginia Population Growth Virginia Population Growth Virginia population growth Current population 8.48 million (2018) Population growth 10.0+ million (2040); will be 10th largest state Population trends Most extraordinary growth will be in NoVa Loudoun, Fairfax, Prince William; population will increasingly grow to the NW Frederick, Clarke, Warren Greater Richmond will grow Chesterfield, Henrico, Hanover, Goochland, Powhatan, Cumberland, Buckingham Northern Neck will remain relatively steady Peninsula will see slight to moderate growth Southside will be steady with modest losses Greater Roanoke will grow Roanoke, Montgomery, Botetourt Southwest will see modest declines (Source: Weldon Cooper Center for Public Service, June 2017, as interpreted) 10
Energy Planning Energy Planning What is an Integrated Resource Plan (IRP)? Filed annually with the State Corporation Commission How does Appalachian Power Co. prepare its IRP? How does Dominion Energy prepare its IRP? How do private-sector renewable energy developers use utilities IRPs? What role does state government play in IRPs? 11
Energy Planning Energy Planning What is state government s role in energy planning? How do Appalachian Power and Dominion Energy plan for the future? How do renewable energy developers plan for the future? How do major utilities and private-sector developers engage local governments in energy planning? How do state energy planners engage local governments? 12
The Grid Transformation and Security Act The Grid Transformation and Security Act (2018) (2018) What is the Grid Transformation and Security Act? Investments in the grid, renewables, energy efficiency, consumer protections and relief How is it currently driving Dominion Energy, Appalachian Power, and renewable developers energy planning decisions? How will it impact local governments? Energy, broadband, economic development 13
The Future of Energy in Virginia The Future of Energy in Virginia Looking ahead 5, 10, 15+ years Looking ahead 5, 10, 15+ years What s the future of coal-fired power? What s the future of nuclear power? What s the future of natural gas power? What s the future of renewable energy? What emphasis will be put on energy efficiency and conservation? 14
The Future of Energy in Virginia The Future of Energy in Virginia Looking ahead 5, 10, 15+ years Looking ahead 5, 10, 15+ years What will Appalachian Power s energy portfolio look like in 15 years? What will Dominion Energy s energy portfolio look like in 15 years? What will the renewable energy landscape look like in 15 years? What, from a policy perspective, does Virginia need to do to better facilitate energy growth? 15
The Future of Energy in Virginia The Future of Energy in Virginia What should excite local governments about Virginia s energy future? What should local governments worry about regarding Virginia s energy future? 16
