Board of Directors Meeting
August 29, 2024
Item 6: CEO Report
2 Completed Community Events
3 DATE DESCRIPTION
June 25, 2024 Oceanside City Council Presentation
July 11, 2024 San Diego County Farm Bureau, Board Meeting July 17, 2024 Escondido City Council Presentation
July 31, 2024 Oceanside Pacific Kiwanis Breakfast
August 1, 2024 Oceanside Chamber of Commerce, Emerging Issues Forum August 9, 2024 MiraCosta College LIFE Group
August 15, 2024 Special Districts San Diego Chapter Dinner Upcoming Community Events
4 DATE DESCRIPTION
August 29, 2024 VMW HOA Meeting
September 6, 2024 Heroes of Oceanside and Camp Pendleton September 11, 2024 Solana Beach City Council Presentation September 18, 2024 Solana Beach Climate Action Commission Presentation September 29, 2024 City of Vista Cyclovia
October 9, 2024 CPUC Small and Diverse Business Expo
October 30, 2024 CAISO Stakeholder Symposium
Oceanside & Vista Enrollment
Stats
5 City # of Eligible
Customers
# of Opt-Downs to
50%
Renewable
# of Opt-Ups to
100%
Renewable
# of Opt-Outs
Participation
Rate
Oceanside 66,774 161 62 3,152 95.1%
Vista 35,945 66 260 1,266 96.4%
TOTAL 102, 719 227 322 4,418 95.5%
CEA Enrollment Stats
6 Member City Clean Impact – 50%
Renewable
Clean Impact Plus -
75% Carbon Free
Green Impact – 100%
Renewable
Carlsbad 158 49,534 211
Del Mar 5 2,776 68
Escondido 131 53,389 63
Oceanside 158 61,351 60
San Marcos 118 34,787 61
Solana Beach 14 6,907 157
Vista 66 33,149 258
TOTAL ACCOUNTS 650 241,893 878
Equitable Building Decarbonization
• CEC has selected the Southern California Coalition as the recipient of the $328.7M EBD grant
• CEA is a member of this Coalition & will receive dedicated funding • The SCC is split into 7 regions, LA Gateway Cities, LA San Gabriel Valley, LA Ports & South Bay, Orange, Inland Empire San Bernardino, Inland Empire Riverside, Imperial, South San Diego and North San Diego • Funds will be used to create equitable energy programs and local workforce opportunities
• Designed to support vulnerable communities and encourage resilience to extreme heat, indoor air quality, affordability, and grid reliability
7 San Deigo Regional Energy Network
• The CPUC voted to approve the formation of the San Diego Regional Energy Network (SDREN) on August 1, 2024
• This effort has been led by San Diego Community Power and the County of San Diego
• SDREN will offer a portfolio of energy efficiency programs to customers across San Diego County, including CEA customers • CEA is a member of the SDREN Inaugural Advisory
Committee
• The Committee is made up of community-based organizations and local governments to advise on outreach and enrollment, provide feedback on program evaluation, and recommend program
improvements
8 Solar Plus Update
9 • 23 Enrolled Contracts (as of 8/21/24)
• Carlsbad – 5 (First System Installed!)
• San Marcos – 6
• Escondido – 5
• Oceanside – 4
• Vista - 3
Solar Plus Update
10 • Program Expansion Opportunities
• Increased Marketing
• Expansion of contractors to assist with outreach
• Will expand eligibility to tile roofs and other roof
types
• Tesla providing additional consultation/sales
resources
Questions/Discussion
11 Item 9: Approve Rancho
Peñasquitos PPA
12 Item 9: Approve Rancho
Peñasquitos PPA
13 • Recommendation:
• That the CEA Board approve 10-Year Power Purchase Agreement with San Diego County Water Authority for Rancho Peñasquitos renewable energy in an expected total amount of $4,500,000.
Authorize the Chief Executive Officer to execute all documents, subject to Transactions Attorney approval.
Background
• At its October Board meeting, the CEA Board approved the Wholesale Market Access Tariff Agreement (WMAT) with
San Diego County Water Authority (SDCWA) and Poseidon
Resources (Channelside) LP for service to the Channelside account.
• SDCWA also owns and operates a 4.1 MW hydropower
facility in Rancho Peñasquitos and intends to have this facility provide renewable electricity to serve Channelside. 14 Rancho Peñasquitos Power
Purchase Agreement
15 • CEA and SDCWA have negotiated a Power
Purchase Agreement (PPA) for CEA to purchase
all power and RECs from the project.
• 10-year delivery starting January 2025
• Anticipated to generate 18,000 MWh per year
• Project and contract are consistent with the pro-forma cost assumptions; would be assigned to the WMAT Channelside account, allowing the SDCWA’s
project to serve the Channelside load
Questions/Discussion
16 Item 10: Approve Execution of
Deer Creek PPA
17 Item 10: Approve Execution of
Deer Creek PPA
18 • Recommendation:
• That the CEA Board approve 15-Year Power Purchase Agreement with Deer Creek Solar I, LLC for solar renewable energy and storage capacity in an amount not to exceed $82,026,000. • Authorize the Chief Executive Officer to execute all documents, subject to Transactions Attorney approval, if the final PPA terms are consistent with the commercial term sheet.
Background
• CPUC Decisions 21-06-035 (Mid-Term Reliability Requirement) & 23-02-040 (Supplemental Mid-Term Reliability Procurement) • Procurement of additional resources to ensure sufficient resources are available for reliability as older non-renewable resources are retired; • Incremental requirements for each LSE for new capacity online on or before each year from 2023 through 2028
• Goal to increase resource diversity with clean firm resources such as geothermal and long-duration storage, in addition to battery storage • Available for minimum 10 years
• Non-fossil fueled
19 January 2024 Solicitation
20 • Joint solicitation with California Choice Energy Authority • 41 offers representing 28 projects
• Shortlisted based on price/value, location, portfolio fit, and CPUC compliance
• Deer Creek Solar I, LLC project
• Solar + Storage resource; CEA would contract for ~15MW of the 50MW project
• Meets CPUC Mid-Term Reliability Requirement
• Project is within the pro-forma cost assumptions
• Requesting pre-approval to execute the PPA in September consistent with the existing commercial term sheet
Questions/Discussion
21