all right council members go ahead okay great all right well thank you first and foremost for having

us today uh look forward to diving in a little bit i just want to extend a thanks to council

member gilmore who invited us a month and a half ago to do this presentation so just a really quick

recap. So, Xcel Energy, we operate in eight states. One of the eight states that we serve

is Colorado. Colorado is our largest state that we serve. We've got 1.6 million electric customers,

1.7 million gas customers, and we range around the 99.97 reliability. And if you see on the map

there, the red pockets is actually our service territory. So, we are, I think of us as somewhat

like a T, right? So we've got the I-25, I-70 corridor and the service that we provide to

customers. I will also say that this does not reflect our operations. So we have a lot of

renewable generation coal plants that we are, you know, plan to retire by the end of 2031

transmission that we actually operate beyond the red area, mostly on the Eastern Plains.

So that's not reflected in this map.

So when we think about how we wake up every day and serve customers in our communities in Colorado,

we think about it as a continuous improvement.

We're always working to serve customers and our communities better.

And we think about that with delivering and trying to work toward achieving excellent service,

thinking about how we can improve our processes and make interactions with our company better

and improve, thinking about that we are the experts in operating an electric and gas system

for the state of Colorado. And what does that mean from an engineering, a science, a physics?

You know, we are the experts in running this system. And so how do we show up and help others

understand that and how are we helping our customers and our communities better understand

it as well. And then we're continuing to think about how we lead the clean energy transition.

So this is something that we started and embarked on starting in 2007. And we have obviously

integrated an enormous amount of renewables on our system over the last 20 years. And we're not

stopping. And even though I think that we're at a little bit of a crossroads, which we can talk

about later in this presentation, we still need to think about what does advanced technology

look like? How do we continue to think about how we deliver clean energy on our electric

and gas system moving forward? In addition to that, we also are always thinking about

how do we operate a system safe? What do we need to do for investments? How do we serve

our customers and ensure that our system, our electric and our gas system is safe.

How do we continue to deliver a king?

Ensuring that there always is that fundamental reliability on that pillar.

And then obviously affordability, which will continue to be such an important aspect of

what we have been doing over the last couple of years and thinking about how do we deliver

all of this energy?

How do we serve our customers and our communities?

ensure that it's safe, reliable, clean, and affordable. About seven or eight years ago,

I don't know if these are necessarily new goals, but they're goals that we've continued to work

toward and achieve. In 2018, we announced that we would work toward 100% carbon-free electric

system by 2050. We are still on track to deliver that and accomplish that. We also announced just

about a year and a half later after that, that we also need to think about our gas system

and reducing GHG emissions on our gas system and support our customers with that.

Sorry.

Okay.

And support our customers with the natural gas system and figuring out how we hold suppliers

accountable, minimize leaks on our LDC system as we're transmitting that gas to our customers,

and then working with our customers with demand side management, which is energy efficient

on the natural gas system and our work towards making sure that we achieve that net zero on the

natural gas system by 2050. And then in addition to the work with the state and coordinating really

closely with the state, when the state announced their goal to achieve, you know, a million electric

vehicles on the ground by 2030, we obviously understand our responsibility to that, ensuring

that we've got infrastructure in place and we are empowering potentially that goal at the state level.

And so our work in how we advance and support our customers and our communities

to enable them for clean transportation in the future.

So the electric system has changed in the last 40 years.

And this is kind of somewhat as we enter into this new world of demand and low growth on the system.

So this is a really good graph that just shows how our demand, the electric demand and the gas demand for energy has changed over the last 50 years.

And for a long time, we hit a boom roughly around the 1950s, 1960s when air conditioning was introduced.

That was the last time that we had seen a tremendous amount of growth on the electric system.

And after that point, we introduced really efficient appliances.