MINUTES
Executive Committee of the
Clean Power Alliance of Southern California
Regular Meeting
Wednesday, March 15, 2023
1:30 p.m.
Meeting videos are available on CPA’s YouTube Channel.
www.youtube.com/@CPApublicmeetings
Committee Members participated in this meeting from the following locations:
Agoura Hills City Hall
Planning Conference Room
30001 Ladyface Court
Agoura Hills, CA 91301
CPA Office
801 S. Grand Ave., Suite 400
Los Angeles, CA 90017
Beverly Hills City Hall
4th Floor
455 N. Rexford Drive
Beverly Hills, 90210
Camarillo City Hall
Administrative Conference Room
601 Carmen Drive
Camarillo, CA 93010
South Bay Cities Council of Governments
Conference Room
2355 Crenshaw Blvd., Suite 125
Torrance, CA 90501
Ojai City Hall
Conference Room
401 S Ventura St.
Ojai, Ca 93023
Sierra Madre City Hall
Council Chambers
232 W. Sierra Madre Blvd.
Sierra Madre, CA 91024
Ventura County Government Center
Point Mugu Conference Room, 4th Floor
Hall of Administration
800 South Victoria Avenue
Ventura, CA 93009
Los Angeles County Hall of Administration
Sybill Brand Conference Room, Room 372
500 West Temple Street
Los Angeles, CA 90012
CALL TO ORDER & ROLL CALL
Chair Gold called the meeting to order at 1:30 p.m. and Raynette Tom, Executive Assistant, conducted roll call.
Roll Call
Agoura Hills Deborah Klein Lopez Committee Member Remote Beverly Hills Julian Gold Chair Remote
Camarillo Susan Santangelo Committee Member Remote
Hawthorne Alex Monteiro Committee Member Remote
Clean Power Alliance Executive Committee Page 2 of 3
March 15, 2023 Minutes
Los Angeles County Lindsey Horvath Vice Chair Remote
Ojai Absent
Sierra Madre Robert Parkhurst Committee Member Remote
South Pasadena Diana Mahmud Immediate Past Chair Present Ventura County Vianey Lopez Vice Chair Remote
All votes are unanimous unless otherwise stated.
GENERAL PUBLIC COMMENT
There was no public comment.
CONSENT AGENDA
1. Approve Minutes from February 15, 2023, Executive Committee Meeting Motion: Vice Chair Horvath, Los Angeles County
Second: Committee Member Parkhurst, Sierra Madre
Vote: The consent agenda was approved by a roll call vote.
CLOSED SESSION
2. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: 1
Nancy Whang, General Counsel, reported that no reportable action was taken.
REGULAR AGENDA
3. Review Draft Agenda for the April 6, 2023, Board of Directors Meeting Ted Bardacke, CEO, discussed the Board consent agenda items, including the net energy metering cash out policy; budget adjustments in cost of energy, interest expenses due to the use of the credit line, and a small increase to the data manager costs as a result of a higher than anticipated number of customers.
Mr. Bardacke reviewed items on the regular agenda, including two nominations for the election of an at-large position on the Executive Committee. The two nominees will submit a brief description of who they are and what they hope to accomplish with CPA. Committee Member Klein Lopez expressed a preference for an alternate method of roll call vote. Ms. Whang indicated that staff is working diligently to find alternate methods for roll call voting, but also meet the requirements of the law.
Mr. Bardacke indicated that another item on the regular agenda is the authorization from the Board for another prepay bond transaction. Committee Member Parkhurst thanked staff for their work to educate new Board members on the topic of prepay bonds and asked about the benefits of obtaining a green bond status. David McNeil, Chief Financial Officer, identified that a green bond status makes the bond itself more marketable and attractive to institutional investors who will accept a slightly lower yield, which benefits CPA and increases savings. Mr. Bardacke Clean Power Alliance Executive Committee Page 3 of 3
March 15, 2023 Minutes
reviewed other items on the regular agenda, including an informational presentation on the local government sustainability assistance program to gather feedback, as the program will be included as a line item in the budget for customer programs.
4. Preview of FY 2023/2024 Rate Setting Process
Matt Langer, Chief Operating Officer, provided a presentation on the rate setting process of FY 2023/2024. Staff are in the process of conducting a Cost of Service (COS) study analyzing how the cost to serve CPA’s customers compares to current rates and concurrently updating CPA’s financial projections for the next fiscal year. Mr. Langer reviewed the product price differentials amongst CPA’s three rate products. The COS analysis indicates a widening of the product price differential among the three rate products; this is mainly driven by the increased cost of short-term renewable energy offset somewhat by the overall rising cost of energy in general. Mr. Langer shared that the Board may consider adjusting the product differentials during rate setting to more closely follow the current COS. Mr.
Langer reviewed the April 2023 typical bill comparisons to Southern California Edison (SCE) once the interim rate adjustment goes into effect. As part of the FY 2023/24 rate setting process, staff will recommend reconciling some of the variances amongst non-subset rate classes. Staff will update the COS study based on updated financial projects, and key insights from this analysis will be shared with the Board in April. Mr. Langer reviewed upcoming timelines for the 2023/24 rate setting process and budget.
COMMITTEE MEMBER COMMENTS
There were no committee member comments.
ADJOURN
Chair Gold adjourned the meeting at 2:49 p.m.