Executive Committee of the
Clean Power Alliance of Southern California
Regular Meeting
Thursday, October 15, 2026
1:30 p.m.
Visit CPA’s YouTube Channel to view a Live Stream of the Meeting www.youtube.com/@CPApublicmeetings
*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:
Ventura County Government Center
Point Mugu Conference Room
Hall of Administration
800 South Victoria Avenue
Ventura, CA 93009
Monrovia City Hall
Lime Conference Room
415 South Ivy Avenue
Monrovia, CA 91016
Alhambra City Hall
Conference Room
111 S. First St.
Alhambra, CA 91801
Camarillo City Hall
Council Office
601 Carmen Drive
Camarillo, CA 93010
Carson City Hall
Executive Conference Room
701 East Carson Street
Carson, CA 90745
Hawthorne City Hall
Administrative Office
4455 West 126th Street
Hawthorne, CA 90250
Los Angeles County Hall of Administration
Sybil Brand Conference Room, Room 372
500 West Temple Street
Los Angeles, CA 90012
Agoura Hills City Hall
Planning Conference Room
30001 Ladyface Court
Agoura Hills, CA 91301
Los Angeles Cleantech Incubator
Conference Room 114
525 S Hewitt St, Ste 150
Los Angeles, CA 90013
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.
Agenda Page 1
• 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. 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.
NAVIGATING OUR AGENDA PACKETS
The meeting agenda packets are bookmarked PDFs, which display a list of agenda items to the left of the page and allow you to click to view specific items within the packet. If viewing in your browser, click the "document outline" button in the upper left corner of the screen. If the PDF is downloaded, the bookmark panel (ribbon icon) appears on the left side of the screen.
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 AND ROLL CALL
GENERAL PUBLIC COMMENT
CONSENT AGENDA
1. Approve Minutes from the September 17, 2026, Executive Committee Meeting
REGULAR AGENDA
2. Oral Update from the CEO on CPA Operations
3. Review Draft Agenda for the November 5, 2026, Board of Directors Meeting
4. Receive Presentation on 2027 Power Charge Indifference Adjustment Outlook
COMMITTEE MEMBER COMMENTS
ADJOURN – NEXT REGULAR MEETING ON NOVEMBER 19, 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: Executive Committee
Subject: Approve Minutes from the September 17, 2026, Executive Committee Meeting
Date: October 15, 2026
RECOMMENDATION
Approve.
ATTACHMENT
1. Minutes
Agenda Page 3
MINUTES
Executive Committee of the
Clean Power Alliance of Southern California
Regular Meeting
September 17, 2026
1:30 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:
Ventura County Government Center
CEO Rincon Room, Hall of Administration
800 South Victoria Avenue
Ventura, CA 93009
Clean Power Alliance
Executive Conference Room
801 S. Grand Ave., Suite 400
Los Angeles, CA 90017
Agoura Hills City Hall
Planning Conference Room
30001 Ladyface Court
Agoura Hills, CA 91301
Camarillo City Hall
Council Office
601 Carmen Drive
Camarillo, CA 93010
Hawthorne City Hall
Administrative Office
4455 W. 126th Street
Hawthorne, CA 90250
Carson City Hall
Executive Conference Room
701 East Carson Street
Carson, CA 90745
Santa Paula City Hall
Councilmember Office
970 E. Ventura Street
Santa Paula, CA 93060
Los Angeles County Hall of Administration
Sybil Brand Conference Room, Room 372
500 West Temple Street
Los Angeles, CA 90012
Alhambra City Hall
Conference Room
111 S. First St.
Alhambra, CA 91801
Monrovia City Hall
Lime Conference Room
415 South Ivy Avenue
Monrovia, CA 91016
CALL TO ORDER & ROLL CALL
Chair Parkhurst called the meeting to order at 1:34 p.m. and Gabby Monzon, Clerk of the Board, conducted roll call.
Roll Call
Agoura Hills Deborah Klein Lopez Immediate Past Chair Remote Alhambra Jeff Maloney Committee Member Remote
Camarillo Susan Santangelo Committee Member Remote
Carson Reata Kulcsar
Alternate Committee
Member Remote
Hawthorne Alex Monteiro Committee Member Remote
Los Angeles County Rita Kampalath Alternate Committee
Member Remote
Executive Committee Item 1
Agenda Page 4
Monrovia Edward Belden Committee Member Remote
Santa Paula Jenny Crosswhite Committee Member Remote
Sierra Madre Robert Parkhurst Committee Member Remote
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 the August 20, 2026, Executive Committee Meeting Motion: Committee Member Monteiro, Hawthorne
Second: Committee Member Klein Lopez, Agoura Hills
Vote: The consent agenda was approved.
REGULAR AGENDA
2. Oral Update from the CEO on CPA Operations
Ted Bardacke, Chief Executive Officer, discussed the upcoming Board Retreat.
3. Review Draft Agenda for the October 1, 2026, Board of Directors Meeting Mr. Bardacke informed the Committee that the October 1, 2026, Board meeting will begin with a closed session. That closed session will relate to the same items the Committee is reviewing at today’s closed session.
The consent agenda includes an item on the Solar Star PPA; staff is currently negotiating amendments to the long-term Solar Star 3 and Solar Star 4 solar and storage projects in Rosamond. Staff clarified for Committee Member Klein Lopez that the storage unit will charge from both the grid and some solar during the testing phase.
As for the regular agenda, the Board will review the Power Response PSA. CPA has enrolled more than 4,000 customers and paid out over $700,000 in incentives.
CPA issued a new RFP and is in contract negotiations with a new provider. Staff is preparing for the customer migration from one provider to the other.
CLOSED SESSION
4. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: 2
Nancy Whang, General Counsel, stated there was no reportable action for closed session items, and that direction was provided.
COMMITTEE MEMBER COMMENTS
None.
ADJOURN
Chair Parkhurst adjourned the meeting at 2:48 p.m.
Executive Committee Item 1
Agenda Page 5
Staff Report – Agenda Item 2
To: Executive Committee
From: Ted Bardacke, Chief Executive Officer
Subject: Oral Update from the CEO on CPA Operations
Date: October 15, 2026
The CEO will provide an oral update on CPA operations.
Agenda Page 6
Staff Report – Agenda Item 3
To: Executive Committee
From: Ted Bardacke, Chief Executive Officer
Subject: Review Draft Agenda for the November 5, 2026, Board of Directors Meeting
Date: October 15, 2026
Staff will provide an overview of the proposed agenda items for the November 5, 2026, Board of Directors meeting for review and feedback from the Executive Committee. The draft Board agenda is attached to this staff report. Information on the main items for Board consideration is provided below.
CONSENT AGENDA
The following items are recommended for inclusion on the Consent Agenda of the November Board meeting.
Social Security Resolution
At the March 5, 2026, Board meeting, Resolution No. 26-03-103 was adopted to approve a “divided vote” election for employee Social Security benefits, allowing current employees a one-time opportunity to elect to opt-out or stay in Social Security on an individual basis during their employment at CPA. Eligible employees completed the divided vote on August 31, 2026, choosing whether they wished to be covered under the Social Security program during their employment with CPA. All election forms were verified and returned to the State Social Security Administrator on September 1, 2026.
Now that the individual election process has concluded, the State Administrator and the Social Security Administration will validate the election results and subsequently require another Board Resolution to officially request formalization of Social Security coverage Agenda Page 7
Executive Committee Item 3
for employees who have not opted out and for all future employees. The State Administrator and the Social Security Administration must send us the Resolution text. If the Resolution is received in time, it will be presented to the Board at the November meeting.
Cape Station Amendments
On September 1, 2022, and February 27, 2025, CPA executed Power Purchase Agreements (PPAs) with Fervo Energy for the Cape Station Geothermal Facility totaling 30 MW and 18 MW, respectively. Both agreements resulted from bilateral offers submitted to CPA and subsequently approved by the Board of Directors on September 1, 2022 and February 6, 2025.
The Cape Station facility is located in Beaver County, Utah and must deliver its power to the CAISO balancing area in order for CPA to claim the associated Renewable Energy Credits and Resource Adequacy. Fervo Energy intends to use the Southern Transmission System (STS) to deliver the power and is in discussions with the line’s owner, the Los Angeles Department of Water and Power (LADWP), to secure transmission rights. To allow time for Fervo Energy to secure the necessary transmission rights, staff is currently negotiating amendments to the PPAs to extend the Guaranteed Commercial Operation Date and modify the Delivery Points in the PPAs. Should the negotiations be successful, the amendments will be presented to the Board for consideration.
REGULAR AGENDA
The following items are recommended for inclusion on the Regular Agenda of the November Board meeting.
Power Ready Contract Amendment with Coast Energy
On February 9, 2024, CPA executed 11 Power Purchase Agreements (PPAs) with Coast Energy Devco, LLC (Coast Energy) for 1.15 MW of solar photovoltaic capacity paired with
1.30 MW of battery energy storage. The PPAs resulted from Coast Energy's proposal Agenda Page 8
Executive Committee Item 3
submitted in response to CPA's Power Ready 1 RFO and were approved by the Board of Directors on February 1, 2024.
Coast Energy failed to meet the Guaranteed Construction Start Date (GCSD) under each PPA. Staff is currently negotiating amendments for five of the eleven projects to extend the GCSD and Guaranteed Commercial Operation Date (GCOD). For the remaining six projects, the parties are negotiating termination of the PPAs and transfer of project work papers so that CPA can develop those projects in the next round(s) of its Power Ready program. If negotiations are successful, the proposed amendments may be presented to the Board for consideration.
FY 2025/26 Results
Staff will present CPA’s audited FY 2025/26 Financial Statements. The audit is nearly complete, with the final report expected to be issued by October 23, 2026. On October 28, 2026, the Baker Tilly audit partner will present the audit results in detail to the Finance Committee. The audited Financial Statements will include the auditor’s opinion on CPA’s financial position for FY 2025/26 as of June 30, 2026.
2027 PCIA Outlook
This item will be subject to a separate presentation to the Executive Committee
ATTACHMENT
1. Draft November 5, 2026, Board of Directors Agenda
Agenda Page 9
Executive Committee Item 3
Board of Directors of the
Clean Power Alliance of Southern California
Regular Meeting
Thursday, November 5, 2026
2:00 p.m.
CALL TO ORDER AND PLEDGE OF ALLEGIANCE
VERIFICATION OF QUORUM
GENERAL PUBLIC COMMENT
CONSENT AGENDA
1. Approve Minutes from the October 1, 2026, Board of Directors Meeting
2. Adopt Social Security Resolution
3. Approve and Authorize the CEO to Execute Cape Station Amendments
4. Receive and File Monthly Community Advisory Committee Report
REGULAR AGENDA
Action Item
5. Approve and Authorize the CEO to Execute a Power Ready Contract Amendment with Coast Energy
Information Items
6. Receive Presentation on Fiscal Year 2025/26 Results
7. Receive Presentation on 2027 Power Charge Indifference Adjustment Outlook
COMMITTEE CHAIR UPDATES
MANAGEMENT REPORT
BOARD MEMBER COMMENTS
REPORT FROM THE CHAIR
ADJOURN – NEXT REGULAR MEETING DECEMBER 3, 2026
Agenda Page 10
Staff Report – Agenda Item 4
To: Executive Committee
From: Karen Schmidt, Senior Director, Rates & Strategy
Reviewed by: Matthew Langer, Chief Operating Officer
Nancy Whang, General Counsel
Approved By: Ted Bardacke, Chief Executive Officer
Subject: 2027 Power Charge Indifference Adjustment Outlook Date: October 15, 2026
RECOMMENDATION
Receive staff presentation on 2027 Power Charge Indifference Adjustment Outlook.
ATTACHMENT
1. 2027 Power Charge Indifference Adjustment Outlook Presentation Agenda Page 11
2027 Power Charge Indifference
Adjustment (PCIA) Outlook
Executive Committee
October 15, 2026
Agenda Page 12
Summary
2 As anticipated earlier this year, CPA customer bills will likely go up in January 2027 due to an increase in the Power Charge Indifference Adjustment (PCIA)
SCE generation rates are likely to decrease as well. Together with the PCIA increase, this will worsen CPA’s competitive position
In response, staff expects staff expects the Board will want to consider a February 2027 interim rate adjustment The expected changes are being driven largely by declining prices for energy, Resource Adequacy (RA) and short-term renewable energy contracts Those same factors, plus the Board’s conservative ratemaking approach and diligent risk management, have CPA in sound financial health and well positioned to reduce rates The magnitude of the changes will be better known when SCE releases its October update in the Energy Resource Recovery Account (ERRA) proceeding, which sets PCIA and SCE generation rates each year. Actual PCIA and SCE rates, expected to go into effect on January 1, 2027, typically are not be finalized until the late December and will include October/November results
At the November 5 Board meeting, staff will present final FY2025/26 results, Fiscal Stabilization Fund balance, and Reserve %, along with initial analysis of the projected PCIA and SCE rate change impact on bills and competitiveness. Interim rate adjustment options would then be presented to the Executive Committee on November 19 and to the Board on December 3
If the Board approves an interim rate adjustment approach in December, staff would bring final rates to the Board for approval in January to go into effect on February 1, similar to what occurred last year in the December 2025- January 2026 timeframe.
Agenda Page 13
PCIA Refresher
The purpose of the PCIA is to recover “stranded costs” from unbundled customers by charging them the net costs of generation contracts procured on their behalf by the IOU while they were bundled customers. This ensures that bundled customers are “indifferent” to the departing load Under the current PCIA framework, per a 2018 CPUC decision, portfolio value is determined based on Market Price Benchmarks (MPB), reflecting actual market transactions, which is then subtracted from total portfolio costs to set the PCIA There are separate MPBs for brown power, RA and renewable energy (RPS) Each customer is assigned a PCIA “vintage” based on when they departed from SCE bundled service, and customers only have cost responsibility for resources procured up to the time of their departure. This means different vintages can have substantially different PCIA rates
Agenda Page 14
3 Market Price Trends
Market prices for RA, short-term Renewable Energy (RPS), and brown power have continued trending downward since 2025
o Brown power and RA prices have fallen as more capacity, particularly battery storage, has come online in the last several years
o Similarly, short-term RPS prices have fallen as large quantities of new solar and wind have begun deliveries
4 $0
$20
$40
$60
$80
$100
2020 2021 2022 2023 2024 2025 2026 2027
Forecast
$/MWh
Historical ERRA Market Price Benchmarks
Brown Power
RPS
System RA
Agenda Page 15
PCIA Impact of Market Prices
Lower market prices increase the amount the IOU needs to collect from departed customers.
Conversely, higher market prices increase the value of the IOU’s PCIA portfolio, reducing the amount the IOU needs to collect from departed customers.
At the same time, lower market prices decrease generation costs/rates for bundled customers, while higher market prices increase IOU generation costs/rates for bundled customers.
As a result of market shifts over the last several years the PCIA has swung from positive (a bill charge) to negative (a bill credit) and back again for a majority of CPA customers Note: Includes Competitive Transition Charge and Generation Municipal Surcharges. 5 Agenda Page 16
CPA Customer Impact
The expected PCIA rate increase will cause CPA customer bills to go up starting in January 2027
A decrease in the SCE generation rate will have no impact on CPA customer bills, though in combination with the PCIA rate increase, it will worsen CPA’s competitive position
The CPA Board may want to prioritize mitigating the PCIA bill impact to customers in its consideration of a February 2027 interim rate adjustment Agenda Page 17
6 October 15, 2026 (Executive Committee) – 2027 PCIA outlook November 5, 2026 (Board) – FY 2025/2026 results and 2027 PCIA and SCE rate outlook November 19, 2026 (Executive Committee) – Recommend February 2027 Interim Rate Adjustment Approach
December 3, 2026 (Board) – Request approval of February 2027 Interim Rate Adjustment Approach
January 7, 2027 (Board) – Request approval of proposed February 2027 Interim Rate Adjustment February 1, 2027 (Staff) – Implement 2027 Interim Rate Adjustment effective February 1, 2027 Staff will continue to monitor and advocate for CPA customers in the CPUC PCIA and ERRA proceedings
Staff will also prepare options for the rate-setting approach for communities beginning service in October 2027 (Cudahy and Fillmore) for consideration by the Executive Committee and the Board in November and December, in preparation for those communities’ selection of their default energy product in early 2027
7 Timeline and Next Steps
Agenda Page 18