Cities Index.
Agenda packet

Central Coast Community Energy (3CE) Policy Board
June 15, 2022

Document
Agenda packet
Meeting
June 15, 2022
Body
Central Coast Community Energy (3CE) Policy Board
Pages
13
Original file
20.6 MB
Text extracted from the CCA's file for reading and search. Open the original on pub-3ce.escribemeetings.com. That file is the official record.

(c) CAC members may appear before either Board or elsewhere on committee or energy related issues. However, members must, during every appearance, state for the record that they are expressing either an approved CAC position or their own position. Presentation of majority and/or minority opinions and reports require the same clarification.
(d) CAC members shall comply with all conflict of interest laws, all regulations promulgated by the California Fair Political Practices Commission (FPPC) and CCCE’s Conflict of Interest Code.

Article IV. Time and Location of Meetings
Section 4.01 Brown Act Requirements.
(a) The CAC is a permanent, advisory committee created by the Policy Board, and as such, California Government Code section 54950 et seq. (the “Brown Act”) requirements apply to the CAC.

Section 4.02 Regular Meetings.
(a) The CAC shall hold seven regularly scheduled meetings per year, in the months of February, April, June, August, October, and December. The time and dates of such regularly scheduled meetings shall be determined by resolution, order, or other formal vote of the CAC with the intention of meetings being held prior to Policy Board meetings in months where both bodies meet. Regular meetings are held at the CCCE headquarters, currently located at 70 Garden Court, Suite 300, Monterey, CA 93940. The CAC can approve amending its regularly scheduled meeting time, date and/or location without having to seek Policy Board authorization.

The CAC will additionally meet as part of the September CCCE Joint Annual Meeting of the Policy and Operations Board of Directors and CAC. (b) A quorum must be present by fifteen minutes after the scheduled meeting time. If a quorum is not present by such time, the meeting may be adjourned to a time and place specified in the order of adjournment, subject to the provisions of Section 54955 of the Cal. Gov. Code.
(c) Attendance being of prime importance to maintain contact between constituents and the CAC, the attendance of members is required at all meetings. Should a member be unable to attend a meeting they should notify the Board Clerk before the meeting. Should any member have more than two (2) absences in a calendar year, the CAC Chair shall send the member a reminder of the attendance policy.

Any member who is absent for four (4) regularly scheduled meetings during a 190 of 204

Page 8 ends

calendar year shall automatically be recommended to the Policy Board for termination. Any resulting vacancy shall be filled, at the discretion of the Policy Board, for the duration of the departing member’s term.

Section 4.03 Special Meetings.
(a) Special meetings may be scheduled and conducted in accordance with the Brown Act generally and section 54956 specifically.

Section 4.04 Adjournment and Continuances.
(a) The CAC may adjourn or continue any regular, special, or adjourned special meeting to a time and place specified in the order of adjournment, provided that the provisions of California Government Code sections 54955 and 54955.1 are complied with by the Board.

Article V. Action at a Meeting, Quorum and Required Vote Section 5.01 Quorum. The presence of a majority of the members of the CAC shall constitute a quorum for all purposes. If a quorum is not present, no official action may be taken, except roll call and adjournment.

Section 5.02 Required Vote.
(a) The affirmative vote of a majority of the members present shall be required for the approval of all matters.
(b) A motion by any CAC member is required to request a vote on an issue. The motion shall describe the action to be taken.
(c) A second is required to place the motion before the CAC for a vote. After a motion and a second, all CAC members present shall be polled for a voice vote by the Chair.

The results of the vote are reported in the minutes and provided to the Board, as follows:
(i) Each CAC member present has one vote;
(ii) Voting by proxy is not allowed;
(iii) Secret ballots are not allowed; and
(iv) The Chair may vote on any issue.
191 of 204

Page 9 ends

(d) Recusals shall occur, as follows:
(i) CAC members may recuse themselves from voting on an issue for any reason. Members shall announce any economic conflict of interest which requires recusal, and in such case, the reason for such recusal shall be included in the minutes before the member recuses himself or herself; and (ii) Recusals shall be recorded and reported by the Board Clerk during the vote.
192 of 204

Page 10 ends

Article VI. Officers
Section 6.01 Officers, Duties and Elections. The Officers of the CAC shall include a Chair and Vice-Chair who are elected from the CAC membership. The Board Clerk for the CAC shall not be an elected position, but rather shall be the Executive Assistant to CCCE’s CEO. Officers shall serve for two years, but there is no limit on the number of terms an Officer may serve. When an officer ceases to be a CAC member, for any reason, the CAC shall hold an election for that office at the next regular meeting. Elections of Officers are held during the first regular CAC meeting in June of each year, or as soon thereafter as the CAC’s schedule provides. If elections are delayed, existing Officers will continue to serve through the election. Election votes follow the same rules as regular votes.

Section 6.02 Duties of the Chair. The primary duties of the Chair are, as follows:
(a) Conduct CAC meetings by presiding over discussions, deliberations, and voting. In addition, the Chair shall moderate public discussion and presentations. The Chair shall attempt to provide equal time to all sides and factors. The Chair shall seek to ensure that all members understand the issue under discussion, the motion, and the vote results. (b) Verify that a quorum is present prior to the start of official meetings. (c) Verify that both roll and minutes are taken by the Board Clerk. (d) Poll and allow the public audience to raise issues of discussion not on the agenda during the open public comment portion of the meeting; provided that any responses to such public comments by the CAC or Staff are subject to Brown Act restrictions. (e) Ensure that meeting minutes, as prepared by the Board Clerk, are reviewed, corrected if necessary, and approved.
(f) Decide questions of order or procedure. The Chair’s decisions may be appealed to the CAC, which may vote on the issue.
(g) The secondary rules for the Chair are, as follows:
(i) If a sufficient number of meetings lack a quorum, the Chair shall inform the Policy Board through the Board Clerk and request replacements for 193 of 204

Page 11 ends

members in violation of Article VI’s attendance requirements; (ii) As stated in Section 3.02, the Chair shall be the CAC Liaison, unless the Chair designates another CAC member to perform his or her duties of CAC Liaison. Accordingly, the Chair shall write letters and make personal appearances and presentations as the CAC Liaison to the Boards and to other agencies and groups on behalf of the CAC; and (iii) The CEO and the Boards may call upon the Chair to go to outside meetings (i.e. with CPUC, legislatures, sister counties and districts) as their representative from the CAC, as an expert, or representing the CAC prestige and expertise.

Section 6.03 Duties of the Vice-Chair. The primary duties of the Vice-Chair are, as follows:
(a) Perform all of the primary duties of the Chair when the Chair is absent. (b) Aid the Chair in the efficient conduct of the meeting and, at the Chair’s request, coordinate side issues while the Chair is running the meeting. These side issues may include interactions with the audience, public, staff, or CAC members, answering questions, or making other arrangements to keep the meeting moving efficiently and undisturbed.
(c) Monitor the proceedings and plans of the CAC, notifying the Chair of potential problems.
(d) Assume Chair duties when the position becomes vacant. Chair duties shall cease when the CAC elects a new Chair.
(e) Represent the CAC when needed if the Chair is unable to fulfill this obligation.

Section 6.04 Duties of the Board Clerk. At the direction of the CEO, the primary duties of the Board Clerk are, as follows:
(a) Prepare and distribute the meeting Agendas and packets, post and distribute all meeting information as legally required, arrange for meeting rooms and facilities, satisfy any legal notice requirements and prepare documentation to support this effort.
(b) Take meeting minutes, prepare a draft of those minutes and send the draft to CAC members with the next regular meeting packet.
194 of 204

Page 12 ends

Section 6.05 Duties of the CEO. With respect to the CAC, the CEO, or his/her designee, shall participate in CAC meetings and assist, as follows:
(a) Advise the CAC of upcoming events, schedules, and situations. (b) Know, appreciate, and convey the desires, actions, and problems of the Staff and Boards.
(c) Bring to the CAC a perspective on the activities of recent legislative activities, state agencies, federal agencies and other CCAs, including updates on regulatory and legal issues and agency proceedings.
(d) Take part in discussions during meetings and deliberations, in order to assist CAC members in understanding and appreciating all pertinent facts and factors from both the CCCE and the Boards.

Article VII. Meetings and Agendas
Section 7.01 Preparation of the Agenda.
(a) The Agendas for all meetings are prepared by the Board Clerk subject to the direction of the CEO, with items placed by CCCE staff, the Annual Work Plan, and as directed by the Policy Board Chair as described in 2.03(b).and with the input of the Chair and Vice Chair as to what Agenda items should be included.

Section 7.02 Attendance at Meetings.
(a) CAC members unable to attend a meeting shall notify the Board Clerk no later than one day before the meeting.
(b) When CAC member notifications or an online meeting request poll reveals enough absences to prevent a quorum, the meeting shall be continued or cancelled as provided for under the Brown Act. The Board Clerk shall inform the CAC by email as soon as possible and the public shall be informed as well, if possible.

Article VIII. Ad Hoc Subcommittees
195 of 204

Page 13 ends

Section 8.01 Appointing Ad Hoc Subcommittees.
(a) Ad Hoc Subcommittees may be established by the Chair or a majority action of the CAC.
(b) The CAC shall not establish Standing Subcommittees requiring the support of staff resources.
(c) Subcommittee members shall be appointed by the Chair or the CAC, along with a temporary Subcommittee Chair. The CAC Chair is an ex-officio member of each subcommittee.
(i) At the first subcommittee meeting, members may affirm change of the Subcommittee Chair. The Subcommittee Chair shall schedule Subcommittee meetings, take minutes, provide a subcommittee report to the CAC; and
(ii) Ad Hoc Subcommittee membership or attendance must not exceed a CAC quorum.
(d) Any subcommittee reports to the full CAC must be placed on the Agenda in compliance with the Brown Act. Dissenting or multiple subcommittee reports or recommendations are permissible if differing or competing solutions exist.

Article IX. Amendment and Review of Bylaws
Section 9.01 Amending the Bylaws. These Bylaws may be changed or amended by the Policy Board.

Further, changes or amendments to these Bylaws may be recommended by the CAC at any regular meeting for later approval of the Policy Board. Any CAC proposed changes must be submitted in writing to each CAC member before the meeting at which a vote on the change takes place, either in the meeting packet or in a presentation to the CAC at a previous meeting. Prior to any amendment to these Bylaws becoming effective, the amendment must be approved by a majority of the Policy Board of Directors entitled to vote at a meeting at which a quorum is present.
196 of 204
Staff Report Item 15
TO: CCCE Policy Board of Directors
FROM: Tom Habashi, Chief Executive Officer
SUBJECT: Support CCCE Turnkey Ownership Model for Front of the Meter Energy Storage Assets and Direct the CEO to take Necessary Steps to Prepare a Bond Issuance for Later Policy Board Review and Approval (Action Item) DATE: June 15, 2022
RECOMMENDATION:

This recommends the Policy Board support the development of Front of the Meter Energy Storage (FMES) assets that CCCE will own and operate. Further, this recommends the Policy Board direct the CEO to take necessary steps to prepare a bond issuance that will fund the front of the meter assets.

BACKGROUND:

CCCE’s first power purchase agreements for the output of large renewable projects were executed in fall 2018. Those first PPAs and each PPA since then have been fixed price, take and pay contract structures.

CCCE launched its first of its kind Front of the Meter Energy Storage (FMES) effort in December 2021 to deploy 1 to 5 MW sized energy storage systems, throughout the CCCE service area. As part of its solicitation, CCCE asked developers for both offtake (an energy service contract) and turnkey (asset ownership) proposals.

Since launching the FMES effort, impacts to battery component manufacturing and supply chain issues have compounded other market pressures caused by California Public Utilities Commission (the “Commission”) procurement mandates and interconnection delays.

DISCUSSION/ANALYSIS:

The option to own and operate the FMES battery systems can reduce costs, provide CCCE greater operational control, and streamline project delivery.
197 of 204
To date, CCCE has not owned any assets and has utilized long-term offtake agreements under which a private developer builds, owns, and operates a facility while CCCE has a right to the power at a fixed price for a fixed term.

CCCE extended its review of the 73 distinct offers from 13 developers for FMES systems while also evaluating a separate joint solicitation for solar plus storage and standalone battery storage to address the California Public Utilities Commission’s Mid Term Reliability procurement order. The offered projects (some by the same developers) along with information shared by several of CCCE’s power purchase agreement developers reflected volatility in the market and required closer evaluation of turnkey offers for CCCE’s FMES initiative.

In April, CCCE shortlisted Depcom Power for the design and construction of the first tranche of energy storage facilities at CCCE’s member-agency sites. Upon commissioning of these projects, CCCE will own these assets. Depcom has provided CCCE with operations and maintenance quotes although those services are anticipated to be separately solicited.

Benefits/Risks of FMES Ownership Model
Costs: Ownership of the anticipated FMES batteries can achieve potential cost savings between 3% and 13% at the end of the typical contract term when compared to the current market costs associated with a long-term offtake agreement. Savings are influenced by CCCE project delivery capabilities, cost of operation and maintenance, site control activities, insurance, and financing costs. CCCE can reap the full economic benefit of turnkey battery delivery models when the system is actively managed and monitored to deliver optimal performance.

Potential risks with the turnkey model include the upfront project financing, potential degradation of the battery, and the ongoing variable costs associated with site control and maintenance. Risks associated with the upfront project financing can be mitigated through a bond financing that spreads ownership costs over the life of the assets. Staff anticipates that favorable bonding terms and life expectancy depreciation would minimize (or offset) any rate impacts from the upfront expenditure associated with ownership. The operation and maintenance of the battery system become critical to recouping upfront costs and materializing savings over the life of the battery.

Operational: The turnkey approach can provide greater operational control to CCCE. Ownership will provide CCCE greater operational control to charge and discharge the battery to optimize operations around CCCE needs, whether those are firming solar deliveries, optimizing energy arbitrage, or potential islanding during high stress grid events.
198 of 204
Additionally, CCCE will have greater control, and higher likelihood of success, at utilizing PG&E’s Community Microgrid Enablement Tariff and Program.

As referenced above, the risk of battery degradation could materially alter the savings anticipated over the life of the battery system. Battery degradation is generally the increased inefficiency of the battery and reduced capacity caused by the interactions of the battery chemicals and material components.

Degradation is generally not linear with rapid degradation occurring quickly after a point. The increase of lithium-ion applications for electric vehicles have disrupted the previously accepted “declining cost curve” model that most assumed would make degradation a minor operational impact. In addition to contracting for operations and maintenance services, CCCE anticipates exploring diverse battery technologies, and keeping the turnkey project centered on the small FMES effort to reduce degradation impacts.

Project Delivery: The current market for battery materials, manufacturing, and delivery is impacted by ongoing COVID 19 and supply chain issues. Under the turnkey model, CCCE is responsible for design, procurement, interconnection, construction, commissioning, insurance, operations, and decommissioning. While it is important to partner with industry experts in each of these areas, the turnkey model allows CCCE to be directly involved in these important processes and have decision-making authority that can reduce unexpected costs. Moreover, because the FMES sites are located on member agency sites, the turnkey model keeps CCCE as the main point of interface with its member agencies to ensure site access, reduce operational impacts to civic operations, and address emergency issues should they arise in the future.

FISCAL IMPACT:

There is no financial impact associated with this report at this time. Given the potential aggregate cost of the initiative, a debt issuance may be the most prudent path forward to finance the projects. This will limit rate shock and maintain CCCE’s cash reserves. Staff have completed a Ratings Evaluation Service (RES) analysis with S&P; the analysis indicated CCCE is well-positioned to issue up to $160 Million in debt, with ratings impact dependent on the specifics of the issuance. Staff will continue to analyze and lay the foundation for a potential bond issuance, a formal capital budget, and the accounting and financial processes necessary to support the projects. Further details will be provided to the Board as the project plan moves forward.

CONCLUSION:

The Policy Board’s support of the turnkey model allows CCCE to further evaluate how to reduce inherent risks and manage battery system delivery in the manner most likely to reduce costs, provide greater operational control, and streamline project delivery.
199 of 204
Staff Report Item 16
TO: CCCE Policy Board of Directors
FROM: Tom Habashi, Chief Executive Officer
SUBJECT: Resolution in Support of Senate Bill 1020 (Laird, Caballero, Durazo, and Atkins) DATE: June 15, 2022
RECOMMENDATION:

Staff recommend that the Board approve the attached Resolution supporting Senate Bill 1020 and encouraging further work with the authors on incremental improvements.

BACKGROUND:

Senate Bill (SB) 1020 is a major climate bill co-authored by fifteen senators including the three representing CCCE communities (Senators Caballero, Laird, and Limón) and Senate President pro Tempore Atkins. The bill contains two major actions aimed at addressing climate change urgently while mitigating the financial impact of this transition on the most vulnerable Californians.

Interim GHG Targets:

SB 1020 introduces interim GHG reduction targets for the electricity sector meant to ensure adequate progress towards meeting the requirement of 100% clean energy by 2045 set by SB 100 in 2018. SB 1020 would require eligible renewable and zero-carbon resources to supply:
- 90% of retail electricity sales to California end-use customers by the end of 2035 - 95% of retail electricity sales to California end-use customers by the end of 2040 - 100% of retail electricity sales to California end-use customers by the end of 2045 (a reaffirmation of SB 100)
The bill also accelerates the deadline for state agencies to procure 100% eligible renewable and carbon-free electricity from 2045 to 2030.

The California Affordable Decarbonization Authority (“the Authority”) SB 1020 would also create a new entity to help fund climate- and energy- related public benefit programs that are currently funded through delivery-side electricity rates. The California Affordable Decarbonization Authority (“the Authority”) would be a nonprofit public benefit corporation governed by an independent board appointed by the governor and state legislature. The Authority would be responsible for managing and distributing funds from a Climate and Equity Trust Fund (“the Trust 200 of 204
Fund”), which SB 1020 also creates and authorizes to fund a wide variety of activities related to climate change, clean energy, affordability, and equity:1
1) Stable and affordable electricity rates.
2) Decarbonization and clean energy initiatives.
3) Transportation and building electrification initiatives. 4) Distributed energy resource programs.
5) Public purpose programs, including energy efficiency programs, research and development, and low-income customer discounts.
6) Equity initiatives to assist electricity customers in disadvantaged communities. 7) Wildfire mitigation activities.

SB 1020 notably does not fund the Trust Fund directly, but rather authorizes a list of sources from which the Trust Fund may receive money in the future:2
1) Moneys received from the federal government that are transferred to the trust fund. 2) Moneys received from the Greenhouse Gas Reduction Fund that are transferred to the trust fund.
3) Moneys from noncompliance penalties assessed by the commission, Energy Commission, or State Air Resources Board that are transferred to the trust fund. 4) Interest earned on any moneys in the trust.
5) Any properties or securities acquired through the use of moneys belonging to the trust and all earnings of those properties or securities.
6) All other moneys received by the trust fund from any other source.

In summation, SB 1020 would create a new funding vehicle that could begin to shift the cost responsibility for climate change mitigation and adaptation in the energy space away from electricity rates. Creation of this vehicle is the first step and filling it with funding from the state budget or any of the other sources listed above would come next. In the meantime, the programs authorized to receive funding from the Trust Fund would continue to be funded through delivery-side electricity rates. But the existence of the Fund raises the possibility of reducing or eliminating these fees in the future.

DISCUSSION/ANALYSIS:

The interim GHG targets SB 1020 introduces are still slower than CCCE’s adopted goal of 100% clean energy by 2030, so they are in line with CCCE’s mission of accelerating decarbonization but should not require changes to CCCE’s procurement strategy or decisions.

Regarding the second part of the bill, SB 1020 represents a major shift in thinking about where the cost responsibly for electricity public benefit programs should lie. As stated above, these programs have historically been and are currently funded through electricity rates on the delivery side, meaning they 1 SB 1020 Section 6: Division 8, Part 1, 19000(e)(1-7). 2 SB 1020 Section 6: Division 8, Part 3, 19020(b)(1-6). 201 of 204
are paid for by all Californians regardless of generation provider. By opening the door to reducing those fees in the future by replacing them with other sources of funding, SB 1020 would set the stage for reducing overall electricity costs and total energy burden for all Californians.

This would have benefits for both equity and decarbonization. On the equity side, it could help lower electricity bills for vulnerable households and introduce more flexibility to mitigate the potentially regressive impacts of funding programs through electricity rates. On the decarbonization side, lower electricity rates would make decarbonization of buildings and transportation more economically attractive, complementing the electrification infrastructure and incentives that some of these programs provide. All of these benefits would become more pronounced if the funding needed by some of the eligible programs, particularly wildfire mitigation, continues to increase in the future.

CCCE staff are recommending that the Board support SB 1020 on the grounds that it is a significant new idea in electricity policy that all Californians including CCCE customers could benefit from. As the Resolution states, CCCE staff believe there could still be some incremental improvements to the bill and are working with other CCAs and the authors’ offices to incorporate these into the language. They include most notably, clarification of the language addressing CCA and other load-serving entity access to funds distributed by the Trust Fund. However, staff find the ideas in SB 1020 to be overall beneficial to CCCE customers and recommend taking a support position on the bill through the attached Resolution while continuing to work with the authors on incremental improvements.

FISCAL IMPACT:

SB 1020 would not have any direct or immediate fiscal impact on CCCE. The programs and activities that would be eligible to receive funding through the Trust Fund are currently funded through charges on the delivery side of the electricity bill. This means they are paid by all Californians regardless of whether they take generation service from a CCA, investor-owned utility or any other type of generation provider. In the long term, if the Trust Fund receives money from the state budget or other authorized sources, this money could offset the current delivery side charges and result in lower electricity bills for CCCE customers. The size of that impact will depend on how much funding the Trust Fund receives but will not vary by generation provider and thus should not impact CCCE’s competitiveness with other generation providers.

CONCLUSION:

In conclusion, CCCE staff believe that Senate Bill 1020 introduces a significant and beneficial new approach to funding California’s response to climate change in the electricity sector and encourage the Board to approve the attached resolution in support of the bill.

ATTACHMENT(S):

1. Resolution No. PB-2022-01
202 of 204
RESOLUTION NO. PB -2022-01

A RESOLUTION OF THE POLICY BOARD OF DIRECTORS OF CENTRAL COAST COMMUNITY ENERGY IN SUPPORT OF SENATE BILL 1020
WHEREAS Central Coast Community Energy (“CCCE”) is a Joint Powers Authority established and operated pursuant to California Government Code section 6500 et seq. function as a Community Choice Energy program (“CCA”) pursuant to California Public Utilities Code section 366.2 in the California Central Coast region of Santa Cruz, Monterey, San Benito, Santa Barbara Counties, and certain cities within San Luis Obispo County; and
WHEREAS, existing law (SB 100, Statutes of 2018 and SB 32, Statutes of 2016) requires California to reduce its greenhouse gas (“GHG”) emissions 40% below 1990 levels by 2030 and to serve one hundred percent of retail sales to California end-use customers with eligible renewable and zero-carbon resources by December 31, 2045; and
WHEREAS, climate change is an unprecedented society-wide challenge that CCCE was founded to help communities mitigate and address, in part by contracting for long-term clean and renewable generation resources to meet 60% of CCCE customer demand by 2025 and 100% by 2030; and WHEREAS, the COVID-19 pandemic has increased many Californians’ financial vulnerability and made affordability and equity, both in terms of total energy bills and specifically in the context of decarbonization, more urgent than ever; and
WHEREAS, delivery charges for retail electricity service, which all Californians must pay regardless of their electricity generation provider, have been increasing since 2013 and are projected to continue growing through 2030, driven by many factors, including increasing wildfire mitigation costs; and
WHEREAS, in addition to recovering the costs of electricity transmission and distribution including wildfire mitigation, delivery charges currently include a non bypassable charge authorized by California Public Utilities Code section 399.8 to fund a variety of activities that are important to achieving California’s decarbonization and equity goals, including transportation electrification and energy efficiency programs, research and development, and low-income customer discounts; and WHEREAS, establishing a funding source for these activities outside of electricity rates could help lower Californians’ energy bills in the future while maintaining momentum on decarbonization; and WHEREAS, SB 1020 will:

1. Set interim clean energy targets requiring eligible renewable and zero-carbon resources to supply ninety percent of retail electricity sales to California end-use customers by the end of 2035 and ninety-five percent by the end of 2040.

2. Establish a Climate and Equity Trust Fund (“the Trust Fund”) governed and managed by a new nonprofit public benefit corporation called the California Affordable Decarbonization Authority (“the Authority”).

3. Establish the sources from which the Trust Fund may receive money, consisting of:
a. Moneys received from the federal government.
203 of 204
b. Moneys received from the Greenhouse Gas Reduction Fund. c. Moneys from noncompliance penalties assessed by the California Public Utilities Commission, Energy Commission, or State Air Resources Board. d. Interest earned on any moneys in the trust.
e. Any properties or securities acquired through the use of moneys belonging to the trust and all earnings of those properties or securities. f. All other moneys received by the trust fund from any other source.

4. Establish the activities the Trust Fund may fund with this money, consisting of:
a. Stable and affordable electricity rates.
b. Decarbonization and clean energy initiatives.
c. Transportation and building electrification initiatives. d. Distributed energy resource programs.
e. Public purpose programs, including energy efficiency programs, research and development, and low-income customer discounts.
f. Equity initiatives to assist electricity customers in disadvantaged communities. g. Wildfire mitigation activities.

WHEREAS, CCCE will continue to work with the authors of SB 1020 on clarifications and incremental improvements but find that the bill in its present form already represents a significant policy shift that could create benefit for CCCE customers and California overall.

NOW THEREFORE BE IT RESOLVED that the Policy Board of Central Coast Community Energy does hereby support SB 1020.

PASSED AND ADOPTED by the Policy Board of Central Coast Community Energy this 15th day of June 2022 by the following vote:

AYES:

NOES:

ABSENT:

DISQUALIFIED:

Chair, Steve McShane
Attest:

Board Clerk, Heather Vowell
204 of 204

← All documents from this meeting