Energy Planning & Resources Committee
of the Clean Power Alliance of Southern California
Regular Meeting
Wednesday, May 27, 2026
12:15 p.m.
Visit CPA’s YouTube Channel to watch a Live Stream of the Meeting *There may be a streaming delay of up to 90 seconds. This is a view-only live stream.
Clean Power Alliance
Executive Conference Room
801 S. Grand Ave., Suite 400
Los Angeles, CA 90017
Members of the public may also participate in this meeting remotely at the following locations:
Manhattan Beach City Hall
City Manager Conference Room
1400 Highland Avenue
Manhattan Beach, CA 90266
Alhambra City Hall
Conference Room A
111 S. First Street
Alhambra, CA 91801
City of Oxnard Service Center 1
East Conference Room
214 South C Street
Oxnard, CA 93030
Temple City City Hall
City Hall Conference Room
9701 Las Tunas Drive
Temple City, CA 91780
Sierra Madre City Hall
Council Chambers
232 W. Sierra Blvd.
Sierra Madre, CA 91024
La Cañada Flintridge City Hall
Rose Conference Room
1 Civic Center Drive
La Cañada Flintridge, CA 91011
West Hollywood City Hall
3rd Floor Conference Room
8300 Santa Monica Blvd.
West Hollywood, CA 90069
PUBLIC COMMENT: Members of the public may submit their comments by one of the following options:
• Email Public Comment: Members of the public are encouraged to submit written comments on any agenda item to [email protected] up to four hours before the meeting. Written public comments will be announced at the meeting and become part of the meeting record. Public comments received in writing will not be read aloud at the meeting.
• Provide Public Comment During the Meeting: The General Public Comment item is reserved for persons wishing to address the Committee on any Clean Power Alliance-related matters not on today’s agenda. Public comments on matters on today’s Consent Agenda and Regular Agenda shall be heard at the time the matter is called. Comments on items on the Consent Agenda are consolidated into one public comment period.
Members of the public who wish to address the Committee at CPA’s Office are requested to complete a comment card and provide it to staff.
Agenda Page 1
If you are attending from a remote location, please identify yourself to a CPA representative when your item is called. Each speaker is limited to two (2) minutes (in whole-minute increments) per agenda item with a cumulative total of five 5 minutes to be allocated between the General Public Comment, the entire Consent Agenda, or individual items in the Regular Agenda. Please refer to Policy No. 8 – Public Comment for additional information.
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ACCESSIBILITY: Meetings are accessible to people with disabilities. Individuals who need special assistance or a disability-related modification or accommodation to participate in this meeting, or who have a disability and wish to request an alternative format for the meeting materials, should contact the Clerk of the Board at least two (2) working days before the meeting at [email protected] or (213) 713-5995. Notification in advance of the meeting, while not required, will enable us to make reasonable arrangements to ensure accessibility to this meeting and the materials related to it.
CALL TO ORDER & ROLL CALL
GENERAL PUBLIC COMMENT
CONSENT AGENDA
1. Approve Minutes from the April 22, 2026, Energy Committee Meeting
2. Receive and File April 2026 Risk Management Team Report
REGULAR AGENDA
3. Oral Update from the Vice President of Power Supply
4. Receive Presentation on the 2026 Integrated Resource Plan and Provide Feedback
COMMITTEE MEMBER COMMENTS
ADJOURN – NEXT MEETING JUNE 24, 2026
Public Records: Public records that relate to any item on the open session agenda for a Committee Meeting are available for public inspection. Those records that are distributed less than 72 hours prior to the meeting are available for public inspection at the same time they are distributed to all, or a majority of, the members of the Committee. Public records are available for inspection at CPA’s Office at 801 S. Grand Ave., Suite 400, Los Angeles, CA 90017, or online at www.cleanpoweralliance.org/agendas.
Agenda Page 2
Staff Report – Agenda Item 1
To: Energy Planning & Resources Committee
Subject: Approve Minutes from the April 22, 2026, Energy Committee Meeting
Date: May 27, 2026
RECOMMENDATION
Approve.
ATTACHMENT
1. Minutes
Agenda Page 3
MINUTES
Energy Planning & Resources Committee
of the Clean Power Alliance of Southern California
Regular Meeting
Wednesday, April 22, 2026, 12:15 p.m.
Meeting videos are available on CPA's YouTube Channel.
http://www.youtube.com/@CPApublicmeetings
Committee Members participated in this meeting from the following locations:
Manhattan Beach City Hall
City Manager Conference Room
1400 Highland Avenue
Manhattan Beach, CA 90266
Clean Power Alliance Office
Executive Conference Room
801 S. Grand Ave., Suite 400
Los Angeles, CA 90017
Alhambra City Hall
Conference Room A
111 S. First Street
Alhambra, CA 91802
Sierra Madre City Hall
Council Chambers
232 W. Sierra Madre Blvd.
Sierra Madre, CA 91024
West Hollywood City Hall
3rd Floor Conference Room
8300 Santa Monica Blvd.
West Hollywood, CA 90069
La Cañada Flintridge City Hall
Rose Conference Room
1 Civic Center Drive
La Cañada Flintridge, CA 91011
Carson City Hall
Executive Conference Room
701 East Carson Street
Carson, CA 90745
Temple City City Hall
City Hall Conference Room
9701 Las Tunas Drive
Temple City, CA 91780
City of Oxnard Service Center 1
East Conference Room
214 South C Street
Oxnard, CA 93030
CALL TO ORDER & ROLL CALL
At 12:15 p.m., a quorum of the Committee was not present.
ROLL CALL
Alhambra Jeff Maloney Committee Member Remote
Carson Reata Kulcsar Committee Member Remote
La Cañada
Flintridge
Stephanie Fossan Committee Member Remote
Manhattan Beach David Lesser Committee Member Remote
Oxnard Kathleen Mallory Committee Member Remote
Sierra Madre Robert Parkhurst Chair Remote
Energy Planning & Resources Committee Item 1
Agenda Page 4
South Pasadena Diana Mahmud Committee Member Remote
Temple City Ed Chen Committee Member Absent
West Hollywood Chelsea Byers Committee Member Absent
At 12:23 p.m., a quorum of the Committee was present and the meeting was called to order.
REGULAR AGENDA
This item was presented out of order.
3. Oral Update from the Vice President of Power Supply
Lindsay Descagnia, Vice President, Power Supply, reported that the second round of the Innovation Solicitation program received one proposal for Track 1, which was due January 9, 2026. She reminded the Committee that Track 1 targets emerging technologies and Track 2 new business models or program designs. Ms.
Descagnia stated that the RFO Review Team will not be recommending the proposed project to move forward because its location would result in a low environmental score in the evaluation process. CPA will run another RFO later this year.
GENERAL PUBLIC COMMENT
There was no public comment.
CONSENT AGENDA
1. Approve Minutes from the February 25, 2026, Energy Committee Meeting
2. Receive and File March 2026 Risk Management Team Report Chair Parkhurst welcomed new Committee Member Stephanie Fossan from La Cañada Flintridge and congratulated Committee Member Maloney for his appointment as the next Chair of the Energy Committee, beginning in July.
Motion: Committee Mahmud, South Pasadena
Second: Committee Lesser, Manhattan Beach
Vote: The consent agenda was approved by a roll call vote.
REGULAR AGENDA (continued)
4. Receive Presentation on the 2026 Clean Energy and Reliability RFO Launch and Provide Feedback to Staff
Ms. Descagnia stated that CPA intends to launch the 2026 Clean Energy and Reliability Request for Offers (RFO) on May 19, 2026. Staff continues to recommend securing renewable energy and Resource Adequacy (RA) supplies under long-term contracts to reduce exposure to short-term market volatility. David Potovsky, Senior Advisor, Structured Contracts, added that the timing of the RFO aligns with several key industry milestones and will allow CPA to solicit for remaining CAISO Queue Cluster 14 projects that need a Power Purchase Agreement (PPA) to retain Full Capacity Deliverability Status (FCDS) and/or have a generation component that is still eligible for federal tax credits. Similar to the 2025 RFO, the 2026 solicitation retains a ‘fast track’ provision and allows proposers to offer price adders if tariff costs exceed a benchmark, and price reductions if tax credits surpass a benchmark tax rate. CPA is soliciting a new Energy Planning & Resources Committee Item 1
Agenda Page 5
product category for the RFO: “RPS Generation or Storage Paired with an Existing CPA Resource” aiming to create a co-located resource from an existing stand-alone renewable generation or energy storage project that is currently under contract with CPA. Adding storage to a generation resource allows shifting energy to more valuable hours while reducing curtailment.
Mr. Potovsky explained that CPA is proposing to cut the max project size for this RFO from 250 MW to 150 MW across most types. This change aligns CPA’s smaller open positions in 2029-2033, decreases risk by spreading procurement over smaller projects, and offers flexibility to meet RA and Renewable Energy targets. Mr. Potovsky provided an overview of evaluation criteria and a timeline of the RFO process. Staff requested feedback from the Committee prior to shortlisting this Fall.
Committee Member Mahmud stated support for the new product category and asked if the max project size provision could be included as a preference for 150 MW but allow projects up to 250 MW; and asked how the Supreme Court decision regarding tariffs has affected CPA procurement. Staff noted that at these large sizes, there is no observed correlation between lower prices and larger projects; CPA’s portfolio needs 150 MW and the goal is to get the best pricing possible.
Regarding tariffs, staff explained that there is uncertainty in procuring resources outside of the U.S. The RFO will allow tariff price adjusters that would go into effect if a tariff rate exceeded a benchmark rate and benchmark equipment cost when equipment clears customs. Committee Member Lesser asked if smaller projects would require more staff time to manage and negotiate. Staff stated that projects ranging between 20-50 MW could possibly require more staff time, however, projects over 100 MW would not trigger that concern. CPA would benefit from a variety of projects, as this would balance risks. Committee Member Lesser suggested that CPA’s communication include information about its efforts to add battery storage to existing facilities and to increase the value of storage projects by adding energy generation. He also inquired about federal policies that may be unfriendly to renewable energy, and staff responded that there is uncertainty on the developer side because of pressure on supply chains and reacting to changing rules. However, CPA continues to see projects being developed. Also, federal policy does not have as much impact as CAISO’s interconnection queue.
Committee Member Mallory asked if the evaluation scoring would change with smaller projects, specifically the development risk metric. Staff stated that the development risk reviews qualitative metrics that would not be affected by project size, and the valuation is scaled to size. Committee Member Kulcsar expressed support for the reduction in project size. Committee Member Fossan asked about evaluating the effects on pricing from working on smaller projects, and staff responded that so many factors change in the market year to year, such as tariffs or equipment costs, so a one-for-one comparison may not be possible. Staff does follow pricing trends in general.
Matt Langer, Chief Operating Officer, addressed project size concerns by describing the overall goal of not depending on one single project to meet CPA’s needs and that being dependent on only one development partner makes CPA vulnerable. He added that CPA has done a lot of procurement and needs smaller increments going forward. The goal is to pursue projects that provide value and ensure that CPA retains negotiationing power in contracts and administration.
Energy Planning & Resources Committee Item 1
Agenda Page 6
COMMITTEE MEMBER COMMENTS
Committee Member Mahmud congratulated Chair Parkhurst on being the next CPA Board Chair and Committee Member Maloney on his appointment as Chair of the Energy Committee. Committee Members Lesser and Maloney echoed support for Chair Parkhurst.
Chair Parkhurst reminded the Committee of the April 30, 2026, ribbon-cutting in Carson for a Power Share project and acknowledged Earth Day's importance.
ADJOURN
Chair Parkhurst adjourned the meeting at 1:02 p.m.
Energy Planning & Resources Committee Item 1
Agenda Page 7
Staff Report – Agenda Item 2
To: Energy Planning & Resources Committee
From: Lyon Hardgrave, Director, Energy Risk Management
Approved By: Ted Bardacke, Chief Executive Officer
David McNeil, Chief Financial Officer
Subject: Receive and File April 2026 Risk Management Team Report Date: May 27, 2026
April 2026 RMT REPORT
Key Actions
• Reviewed the counterparty credit exposure summary
• Reviewed January 2026 day-ahead load forecast performance • Reviewed March 2026 market performance
• Reviewed 2026 - 2030 energy position recommendations
• Reviewed 2025 - 2030 Renewable and Carbon-Free positions • Reviewed PCC1 purchase and sales strategy
• Reviewed CF purchase and sales strategy
• Reviewed the 2025-2026 Voluntary Allocation update
• Reviewed Sunzia test energy forecast
• Reviewed 2026 - 2028 slice of day RA position
• Reviewed RA purchase and sales strategy
• Reviewed Energy Risk Management Policy (ERMP) compliance for RA, REC, CF, and Energy
• Reviewed Long-Term Energy Contract amendments and terminations • Reviewed April 2026 CRR Allocations
• Reviewed the Negative REC Price strategy
Agenda Page 8
Energy Planning & Resources Committee Item 2
Policy Compliance
Policy Deviation Required Action
The renewable energy hedge ratio
exceeds the maximum hedge
percentage for 2027-2031 due to
cumulative PPA supply additions,
lower-than-anticipated load growth,
and updates to product content
strategy that reduced clean power
RE targets by 5-10% in 2027-2030.
None.
The deviations for 2027-2030 will be resolved as
CPA nears these years and the maximum hedge
percentages increase.
ATTACHMENT
None.
Agenda Page 9
Staff Report – Agenda Item 3
To: Energy Planning & Resources Committee
From: Lindsay Descagnia, Vice President, Power Supply
Subject: Oral Update from the Vice President, Power Supply Date: May 27, 2026
The VP will provide an oral report on CPA energy procurement activities.
Agenda Page 10
Staff Report – Agenda Item 4
To: Energy Planning & Resources Committee
From: Lindsay Descagnia, Vice President, Power Supply
Anthony Boukarim, Resource Planner, Power Supply
Reviewed by: Matthew Langer, Chief Operating Officer
Nancy Whang, General Counsel
Approved By: Ted Bardacke, Chief Executive Officer
Subject: 2026 Integrated Resource Plan
Date: May 27, 2026
Staff will provide a presentation on the item.
ATTACHMENTS
1. 2026 Integrated Resource Plan: Overview & Preliminary Results Presentation Agenda Page 11
2026 Integrated
Resource Plan: Overview
& Preliminary Results
May 27, 2026
Agenda Page 12
February 10, 2026 (CPUC) – Released Inputs and Assumptions for IRP modeling with due date of June 1 February – March 2026 (Staff) – Internal alignment meetings, preliminary assumptions, and model setup March 9, 2026 (CPUC) – Issued decision to delay IRP filing due date to August 10 March – May 2026 (Staff) – Updating assumptions and preliminary results May 27, 2026 (Energy Committee) – IRP overview and preliminary results June 2026 (Staff) – Incorporate feedback and run additional analyses July 2, 2026 (Board) – IRP overview, preliminary results, and request approval of delegation to Energy Committee
July 22, 2026 (Energy Committee) – IRP final review and request approval of the IRP August 10, 2026 (Staff) – IRP Filing: narrative, resource data template (RDT), and clean system power (CSP) 2026 Integrated Resource Plan (IRP) Process
Agenda Page 13
2 CPA is required to file its 2026 IRP by August 10th
o Staff will be presenting information on the IRP between now and August to Energy Committee and the Board
o The IRP is mandated by statute, reviewed by the CPUC, and provides a direction to the CPUC for long-term planning
o Actual procurement decisions will deviate and vary from this IRP Today’s presentation includes a discussion on:
o IRP background and process
o Key assumptions used in the modeling
o Preliminary results for resource buildout
Executive Summary
Agenda Page 14
3 Agenda
IRP Background
Key Assumptions
Preliminary Results
Agenda Page 15
4 IRP Background
What it IS What it IS NOT
Under California statute, the CPUC requires LSEs to
submit IRPs that demonstrate a portfolio buildout
meeting specific GHG metrics from 2027-2045 while
providing critical direction for the state's long-term
energy planning.
Guidelines, including inputs and assumptions are
provided by the CPUC with some flexibility to
deviate from them. Often these assumptions do not
match LSE internal assumptions, particularly
regarding cost and availability
The IRP filing package includes: a narrative that
discusses CPA’s long-term plans, resource data
templates for details on the buildout, and a clean
system power tool for calculating emissions
The IRP proceeding is an important forum for
statewide planning and may result in CPUC
procurement orders
The IRP is not a resource procurement commitment.
Actual procurement decisions remain subject to
Board approval and market conditions
The IRP is not static from cycle to cycle. It is very
common that the IRP changes every two years
The proposed resource buildout is a directional
planning tool — CPA retains full flexibility to adjust
the timing, volume, and technology mix of future
procurements as conditions evolve
Agenda Page 16
5 Agenda
IRP Background
Key Assumptions
Preliminary Results
Agenda Page 17
6 Current California Environmental Targets
44%
52%
60% 60% 60% 60%
65%
90%
95%
100%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2024 2027 2030 2035 2040 2045
Statewide RPS and GHG-Free Targets
RPS Target GHG-Free Target
Under SB 100, SB 1020, and SB
350, California utilities are
required to achieve and maintain
a minimum of 60% renewable
energy by 2030 and 100%
clean energy by 2045
The state also has aggressive
binding carbon emission
reduction targets for the
electricity system in 2030, 2035,
2040, and 2045
o CPA’s emission share is based
on its load share relative to the
CAISO system
N/A N/A
Target 2030 2035 2040 2045
CA State 30 MMT 25 MMT 16 MMT 8 MMT
CPA’s Share 1.24 MMT 1.05 MMT 0.86 MMT 0.44 MMT
GHG Emissions Targets
Agenda Page 18
7 CPA’s Renewable and GHG-free Targets
Year CPA RPS Target CPA GHG-F Target
2026 71% 83%
2027 75% 83%
2028 76% 84%
2029 76% 86%
2030 77% 87%
2031 83% 90%
2032 84% 91%
2033 85% 91%
2034 86% 92%
2035 86% 93%
2036 87% 94%
2037 88% 95%
2038 89% 95%
2039 90% 96%
2040 90% 96%
2041 91% 100%
2042 91% 100%
2043 92% 100%
2044 92% 100%
2045 92% 100%
CPA’s targets are based on the guidance given by
the Board at the last Board Retreat in terms of
renewable and GHG-free product content
Percentages in the table represent the total
portfolio target from the three energy products
(Lean, Clean, and 100% Green)
The Renewable and GHG-free targets are more
aggressive than state requirements, achieving 90%
GHG-free by 2031 and 100% by 2041
Agenda Page 19
8 Considered Resources and Price Assumptions
CPA’s IRP considers both short-term and long-term potential resources that it could contract for in the future
For modeling, Staff is using its own power price forecast, resource cost and availability, which are more conservative than the CPUC’s assumptions and better reflect current market conditions The rest of the assumptions are consistent with the guidelines provided by the CPUC including the load forecast, reliability targets and accounting, and emission intensities.
Using these assumptions, the model selects the least-cost portfolio that satisfies all targets and constraints Long Term PPAs
Solar (SoCal, NorCal, AZ)
Wind (SoCal, NorCal, NM, WY, Offshore)
Geothermal (Traditional & Enhanced)
Biomass
BESS (4hr, 8hr, 12hr, 24hr, 100hr)
Short Term Contracts
Annual Capacity Purchases (24/7)
PCC1 Purchases (100% solar)
GHG-Free Purchases (Hydro)
Excluded Resources
Nuclear (Diablo Canyon1 & Palo Verde)
Long-term Gas Tolling Agreements
PCC2 Purchases
RA-Only BESS
7x16 RA Products
1) State law prevents Diablo
Canyon from being included in
long-term planning assumptions
Agenda Page 20
9 Agenda
IRP Background
Key Assumptions
Preliminary Results
Agenda Page 21
10 Preliminary Results: Portfolio Resource Mix
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 CPA Buildout By Technology and Contracted vs Planned (MW) Contracted Resources Biomass Geothermal Onshore Wind Solar BESS 4hr BESS 8hr -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 CPA Buildout By Technology (MW)
Biomass Geothermal Hydro Onshore Wind Solar Solar DG BESS 4hr BESS 8hr CPA’s IRP portfolio reflects a diverse mix of resources (solar, onshore wind, geothermal, biomass, and storage) and takes advantage of CPA’s commitment to contracting for new build resources Contracted Resources
Agenda Page 22
11 Incremental Build
Most PPA additions are from solar and storage resources. Wind, geothermal, and biomass help CPA meet its RA and RPS targets in the mid 2030s. Contracted PPAs that end by the 2040s are replaced with similar technologies.
Note that above results are model outputs and that actual procurement timing and volumes would vary from the model.
- - - 50 - - - - - - - - - - - - - - -
50 50 - - - - - - - - - - - - - -
150
150
100 - - - -
177 200 200
- - 23
400
- -
516
71 10
- -
400 400
519
600 600
284
- -
400
400 400
400
400
400
400 400
- -
-
-
400
382
400 400
150
150
425
150
150
150
150
- - -
-
-
-
-
-
150
-
200
400
600
800
1,000
1,200
1,400
2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 New PPA Buildout by Technology (MW)
Biomass Geothermal Onshore Wind Solar BESS 4hr BESS 8hr Agenda Page 23
12 Portfolio RPS Content
83% 84% 82% 84% 83% 84%
90% 92%
88% 89% 90% 91% 91% 93%
97% 97% 97% 97% 98%
52%
55% 57%
60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 0%
20%
40%
60%
80%
100%
120%
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 CPA RPS Content (MWh)
Biomass Geothermal Hydro Onshore Wind Solar Solar DG Existing ST PCC1 PCC1 Purchase CPA RPS % State RPS % Portfolio allows CPA to exceed the state RPS requirements in every year while meeting internal targets Agenda Page 24
13 Portfolio GHG-Free Content
CPA achieves 100% clean energy content by 2041 ahead of the state target of 2045 65%
70%
75%
80%
85%
90% 91% 92% 93% 94% 95% 96% 97% 98% 99% 100%
86% 88% 86% 87% 90% 91% 91% 92% 93% 94% 95% 95% 96% 96% 100% 100% 100% 100% 100%
-20%
0%
20%
40%
60%
80%
100%
120%
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 CPA GHG-Free Content (MWh)
Biomass Geothermal Hydro Onshore Wind Solar Solar DG
Existing ST PCC1 Existing ST GHG-F PCC1 Purchase GHG Free Purchase State GHG-F % CPA GHG-F % Agenda Page 25
14 Reliability
CPA meets its reliability needs with a mix of long-term contracts and short-term RA purchases with existing resources. Storage and short-term purchases are the largest contributors to capacity. -
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 CPA Reliability Need (MW)
Biomass Geothermal Hydro Onshore Wind Solar Solar DG BTM PV BESS 4hr BESS 8hr CAM Bilaterals RA Purchase RA Obligation Agenda Page 26
15 Potential Legislative/Regulatory Changes
Changes to State RPS or Clean Energy Targets: The state could revise its Renewables Portfolio Standard (RPS) or clean energy targets for 2030, 2045, or any interim years. Any change to these benchmarks would directly alter the required resource mix and could render the IRP obsolete and/or change CPA’s procurement trajectory.
DWR Long Lead-Time Resources: The Department of Water Resources’ has been charged with procuring some “long lead-time” (LLT) resources on behalf of all LSEs, including highly uncertain resources such as offshore wind. CPA is not including these resources in the IRP but if they do materialize CPA’s planning assumptions and procurement trajectory would change.
Diablo Canyon Nuclear Allocation: The state could extend the operating life of Diablo Canyon and force CPA to take a portion of its energy. A forced allocation would affect CPA’s resource portfolio, potentially displacing planned renewable procurements and altering emissions profile of the plan.
Evolving RA Accounting Framework: The Resource Adequacy (RA) accounting framework continues to evolve, with ongoing CPUC proceedings that could introduce new counting rules, qualifying capacity methodologies, or reliability requirements. These changes may impose additional constraints on CPA’s portfolio and shift the economics of planned resources.
Agenda Page 27
16 Summary and Next Steps
The CPA plan achieves the State’s lowest GHG emissions portfolio (8MMT by 2045), while meeting CPA’s clean energy targets and maintaining reliability The portfolio reflects a diverse set of resources that serve as a directional guide rather than a rigid procurement obligation
Next Steps
o Staff will continue to refine the IRP study, incorporating any feedback, and run additional analyses on total cost impact
o The IRP team will present the analysis to the Board at the July meeting and will request delegation of IRP approval authority to the Energy Committee o Staff will continue to draft the compliance documents (narrative, RDT, CSP) and will seek final approval from the Energy Committee in July
o Post IRP filing, Staff will conduct further scenario analyses to refine our internal procurement strategies and plan for next steps
Agenda Page 28
17