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The Energy Superhighway: The Key to Wind Energy Integration Joseph L. Welch, Chairman, President and CEO June 30, 2009

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The Energy Superhighway: The Key to Wind Energy Integration Joseph L. Welch, Chairman, President and CEO June 30, 2009

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    2. Advice on Advice

    3. Agenda

    4. Who is ITC?

    5. Who is ITC?

    6. ITC System Statistics

    7. Why Independence is Significant

    8. Before we understand what it means to be independent, let us first look at where a lack of independence in transmission led us as an industry… How Did We Get Here?: Pre-Independence

    9. Underinvestment

    10. Underinvestment

    11. Underinvestment

    12. Underinvestment

    13. Underinvestment

    14. Underinvestment

    15. Underinvestment

    16. Underinvestment

    17. Underinvestment

    18. Underinvestment

    19. Underinvestment

    20. Underinvestment

    21. Underinvestment

    22. Current Situation For the Grid Aging infrastructure: Most of the grid was built more than 30 years ago and not designed to reach regions of the country that have the most potential for renewable energy generation Mounting Reliability Concerns: Blackouts and brownouts cost our economy every year Inefficiencies: A lack of investment has led to increased congestion, inefficiency, and higher electricity prices Interconnection Problems: A lack of capacity has created a huge queue length for energy projects High Demand: Electricity demand continues to grow; expected to increase 25% by 2030

    23. Does Independence Really Matter?

    24. ITC focuses on ownership, operation, maintenance, and construction of transmission facilities as a single line of business There is no internal competition for capital – it is dedicated for prudent transmission investment ITC is singularly focused on transmission and aims to bring significant benefits to customers Our Goals: Improve reliability Reduce congestion, improve efficiency Increase access to generation, including renewable resources Lower cost of delivered energy ITC = Independent

    25. Impediments to Regional Transmission

    26. Balkanization and Parochialism

    27. Changing Industry, Landscape

    28. Changing Landscape

    29. Don’t Take My Word For It “Our national electric grid is critical infrastructure, as vital to the health and security of our economy as our highways and telecommunication networks.” – Former Vice President Al Gore “We have an elephant-sized problem and I’ll try to describe that to you … We operate today’s system closer to the edge than ever before… Demand for electricity is growing… We’re already heavily dependent on natural gas in some regions of the country with respect to reliability... We need a transmission network to support the amount of renewable energy options that are available to us…” – Richard P. Sergel, president and CEO of NERC “In order for renewables to replace a meaningful amount of our imported oil, we need a national electricity transmission system to carry this electricity, be it wind, solar, biomass or other alternatives.” – T. Boone Pickens

    30. Transmission in National Energy Vision

    31. Mine-Mouth Coal, Clean Coal Technologies

    32. Nuclear

    33. Tapping Renewable Energy Potential

    34. Need: Energy Superhighway

    35. Bringing (Wind) Power to the People

    36. President Obama’s Vision “One of… the most important infrastructure projects that we need is a whole new electricity grid… if we’re going to be serious about renewable energy, I want to be able to get wind power from North Dakota to population centers, like Chicago.”

    37. U.S. Wind Map

    38. Population Centers As you can see from these slides illustrating wind density, where the wind blows the most is not where the load centers are. This overlay of the Green Power Express on the wind map shows the superhighway backbone transmission system that will facilitate the delivery of the vast upper great plains renewable wind resources to demand centers and markets in the industrial Midwest and further east. As you can see from these slides illustrating wind density, where the wind blows the most is not where the load centers are. This overlay of the Green Power Express on the wind map shows the superhighway backbone transmission system that will facilitate the delivery of the vast upper great plains renewable wind resources to demand centers and markets in the industrial Midwest and further east.

    39. Green Power Express As you can see from these slides illustrating wind density, where the wind blows the most is not where the load centers are. This overlay of the Green Power Express on the wind map shows the superhighway backbone transmission system that will facilitate the delivery of the vast upper great plains renewable wind resources to demand centers and markets in the industrial Midwest and further east. As you can see from these slides illustrating wind density, where the wind blows the most is not where the load centers are. This overlay of the Green Power Express on the wind map shows the superhighway backbone transmission system that will facilitate the delivery of the vast upper great plains renewable wind resources to demand centers and markets in the industrial Midwest and further east.

    40. Green Power Express Benefits

    41. Benefits: Competitive Fuel Prices

    42. The Trillion Dollar Question

    43. The Trillion Dollar Question

    44. Moving Forward

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