Atherton
Council Briefing
May 15, 2024
Shawn Marshall
Chief Executive Officer
Putting our
Customers First
How it works
Peninsula Clean Energy
Holding electric generation rates steady
• PCE's electric generation rates are
currently 10-15% lower than PG&E
• We have frozen our rates through at
least July 2024
• Board recently amended PCE rate
design to reflect cost of service with
goal of deeper discounts than our
traditional 5%
5 Our energy is cleanest
Emissions factor: (lbs CO2e/MWh)
Supporting home
electrification
• PCE's 0% loan provides $10k towards home
electrification
• Easy application and monthly repayment on
utility bill
• Over 400 loans issued since 2023
• Customer rebates: 2500+ appliances
installed since 2021 (5x increase!)
• One-stop-shop electrification concierge
services upcoming
Robert and Teri Whitehair
2023 All-Electric Leaders
Margarita Mendez
Program participant
Supporting transition to
electric transportation
• Nearly 1,000 electric vehicle (EV) chargers
installed in our service territory since
2021; 3,500 more in pipeline
• 522 customer rebates issued for used EVs
since 2019
• Nearly 800 e-bike rebates since 2021
Partnering with our member
agencies
• County-wide Climate Action Plan funding
• GovEV: EV fleet support to meet CARB clean
fleet standards + EV charging infrastructure
• GovPV:
o Round 1: 12 projects
o Round 2: 30-40 projects with 6MWh battery
• GovBE: Local Govt Electrification Program
• New! Member Agency Energy Grant Program
Atherton Highlights
• 2,626 active PCE accounts; 98% participation rate
• $2.4M+ saved by Atherton customers since 2016
• 16 EV chargers in development in Atherton
• 113.5 kW PV system at Town Center
• 3 Youth Climate Ambassadors from Atherton
• $182K available through member agency energy
grant program
• Councilmembers Rick DeGolia and Stacy Holland
represent Atherton on the PCE Board of Directors
Learn more: PenCleanEnergy.com/community/atherton
New developments
in 2024
New developments
in 2024
• Community reinvestment package of $68M
• Enhanced programs and services to make
electrification easier and less $$
• Upward trajectory toward 100% renewable
energy by 2030 in order to keep customer
rates low.
• Caltrain electrification transition in Fall '24
• Customer-centric approach to everything
we do!
From our team to yours: Thank you!