Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Governance, Ethics and Compliance
• Workforce and Social Impact
• Community Engagement and Support

Environmental Achievements

• Avoided 81,968,300 MT CO2e through various projects (including conventional generation, pumped storage hydro, solar, wind, and battery energy storage) while under LS Power operational control.
• Avoided an additional 75,469,900 MT CO2e from developed assets after divestment.
• Reduced CO2 emissions from 23,395,000 short tons in 2019 to 20,262,000 short tons in 2020.
• Reduced SO2 emissions from 2,512 short tons in 2019 to 2,403 short tons in 2020.
• Reduced NOx emissions from 5,287 short tons in 2019 to 4,758 short tons in 2020.
• Reduced PM10 emissions from 986 short tons in 2019 to 935 short tons in 2020.
• Reduced Lead emissions from 0.0128 short tons in 2019 to 0.0120 short tons in 2020.
• Reduced Mercury emissions from 0.0218 short tons in 2019 to 0.0192 short tons in 2020.
• Increased waste recycled, reused, or recovered from 31,770 metric tons in 2019 to 41,436 metric tons in 2020.

Social Achievements

• Contributed $1.8 million to food banks, crisis centers, emergency response, and health organizations in 2020.
• Created more than 2,100 jobs since 2013.
• Provided $473 million in tax revenues since 2013.
• Maintained a 93% employee retention rate in 2020.
• Implemented various employee wellness initiatives, including remote challenges.
• Enhanced employee benefits, including expanded retiree benefits, additional holidays, increased vacation benefits, and extended parental leave.

Governance Achievements

• Developed and implemented an ESG Policy.
• Established several regulatory compliance frameworks, including a Regulatory Compliance Manual (RCM), Investment Adviser Policies & Procedures (IAPP), NERC ICP, and FERC ICP.
• Implemented a cybersecurity program based on the NIST Framework.
• Actively advocated for competitive energy markets and transparent price formation.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and community engagement.
• Balancing the need for reliable energy with the transition to renewable sources.

Mitigation Strategies

• Implemented COVID-19 risk assessment, testing, and employee guidance.
• Developed a Roadmap to Reopening after COVID-19, including work-from-home initiatives.
• Enhanced cleaning protocols and health and safety measures in offices.
• Developed safety procedures at facilities to maintain social distancing.
• Invested in battery storage and pumped hydro to complement intermittent renewables.
• Advocated for policies that support competition and innovation in the energy sector.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards, SASB

Sustainable Products & Innovation

• Battery energy storage
• Pumped storage hydro
• Renewable generation (solar, wind)
• Electric vehicle charging infrastructure
• Demand response and energy efficiency platforms
• Renewable fuels

Environmental Metrics

ESG Focus Areas

• People and Communities
• Greening the Grid
• Public Policy
• Governance, Ethics, and Compliance
• Responsible Operations

Environmental Achievements

• Avoided a net 93.2 million metric tons of CO2e through 2022.
• Reduced consumption of single-use items by more than 40% and plastic bottles and aluminum cans by more than 20% in corporate offices.
• Increased power output at Rockford facility by 13% with less energy using wet compression technology.
• Increased summer capacity at Ironwood facility by 50 MW using wet compression technology.
• Achieved a 30% reduction of NOx emissions at Rolling Hills facility through upgrades.
• Improved efficiency by 3-4% and increased summer capacity by 8-9% at Rolling Hills facility through upgrades.

Social Achievements

• Contributed over $1.7 million and over 400 volunteer hours in 2022 to various charitable causes.
• Joined the White House Infrastructure Talent Pipeline Challenge.
• Contributed over $400,000 in 2022 to youth and education programs, including STEM.
• Launched an Inclusive Hiring Training program.
• At least 35% of new hires for 2022 were people of color and at least 42% were female.

Governance Achievements

• Established the Office of Environmental Impact Team (OEIT).
• Established a dedicated ESG Committee.
• Formally stated support for human rights in company policies.
• Avoided certain types of investments in companies involved in harmful practices.

Climate Goals & Targets

Environmental Challenges

• Extreme weather events impacting grid reliability.
• Need for significant buildout of physical infrastructure and robust economic policies to advance decarbonization.
• Lack of free market competition within the electric transmission sector.
• Cyberattacks posing a risk to critical infrastructure.

Mitigation Strategies

• Investing in renewable energy, energy storage, and flexible natural gas generation.
• Advocating for market-based solutions that put consumers first.
• Implementing a robust cybersecurity program.
• Engaging with stakeholders to identify and address challenges.

Supply Chain Management

Responsible Procurement

• Seeking qualified diverse suppliers and service providers.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of renewable energy projects
• Investment in energy storage and efficiency solutions

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards

Third-party Assurance: EA Engineering, Science, and Technology, Inc., PBC (EA)

Sustainable Products & Innovation

• Wet compression technology
• ULN Combustors
• More efficient combustion turbine components

Awards & Recognition

• Silver level Cigna Healthy Workforce DesignationTM