Agenda packet — MCE Board of Directors, September 29, 2023

MCE SPECIAL Meeting
Friday, September 29, 2023
9:00 A.M.

San Rafael Community Center, 618 B Street, San Rafael, CA 94901

1. Roll Call

2. Public Open Time (Discussion)

3. Welcome & Introductions (Discussion)

4. Review of Mission, Vision, and Key Priorities (Discussion)

5. MCE Investments Program (Discussion)
Break

6. 2022 Power Supply Statistics and Content Label (Discussion/Action) Meeting will adjourn for Lunch and the Fieldtrip agendized below.

Lunch

7. Fieldtrip: MCE Solar One at 835 Castro Street, Richmond, CA 94801.

No transportation provided; Meeting will Adjourn from this location.

The Board may discuss and/or take action on any or all of the items listed on the agenda irrespective of how the items are described.

DISABLED ACCOMMODATION: If you are a person with a disability which requires an accommodation or an alternative format, please call MCE at 1 (888) 632-3674 at least 72 hours before the meeting start time to ensure arrangements for accommodation.

MCE ~r::riie~~ng Energy Future

CONTRA COSTA I MARIN I NAPA I SOLANO

MARIN COUNTY I NAPA CO UNTY I UNINCORPORATED CONTRA COSTA COUNTY I UNINCORPORATED SOLANO COUNTY

BENICIA I CONCORD I DANVILLE I EL CERRITO I FAIRFIELD I LAFAYETTE I MARTINEZ I MORAGA I OAKLEY

PINOLE I PITTSBURG I PLEASANT HILL I RICHMOND I SAN PABLO I SAN RAMON I VALLEJO I WALNUT CREEK 1 Mission, Vision, and Key Priorities
MCE BOARD RETREAT | SEPTEMBER 29, 2023
Confront the climate
crisis by eliminating
fossil fuel greenhouse
gas emissions,
producing renewable
energy, and creating
equitable community
benefits.

MISSION 1.5 million
homes and businesses
585,416
electric accounts
37 member communities
300,000+
metric tons CO2 reduced
2 Lead California to an
equitable, clean,
affordable, and reliable
energy economy by
serving as a model for
community-based
renewable energy,
energy efficiency, and
cutting-edge clean-tech products and
programs.

VISION 95% carbon-free
17 years ahead of state goals
944 megawatts
New-build California renewables
48 megawatts
New-build local renewables
$3 billion
Committed to new renewable renewables
6,319 green jobs
Supported in California
3 ⚡Key Priority
Reduce greenhouse gas emissions with
proven and new strategic programs and
through supply of fossil-free energy products.
4 5
Customer Programs

ALICE HAVENAR-DAUGHTON
Vice President of Customer Programs
[email protected]
5 EVs &
EV Charging

PROGRAM UPDATE
photo: MCE EV rebate recipient, Sandra S.
from Richmond
Incentives and technical assistance for EV charger
installation; rebates to help low-income customers
purchase EVs; and managed home charging through
the MCE Sync app.

Highlights
• 1,000+ EV chargers at workplaces and
multifamily properties. 950 more under
construction (80 new ports in the first half of
2023).
• 1,800+ MCE Sync users for managed charging.
90% of charging shifted out of 4-9pm peak.

Customers save an average of $170/year.
• 421 EV rebates distributed to income-qualified
customers. New Point of Sale EV Rebate
launched in May. 76 awarded May-August.
6 Battery
Storage

PROGRAM UPDATE
Incentives for customer-owned energy storage
systems combined with solar. Batteries provide
resiliency during outages and reduces daily energy
consumption during peak hours.

Highlights
• 69 homes installed batteries totaling over 1
MWh storage.
• 21 critical facilities installing 4.4 MWh of
storage including:
• Medical clinics, food banks, schools,
community centers, and fire stations.
• Program currently paused. Non-res will reopen
in 2024 as a result of federal earmark funding.
7 Peak
FLEXMarket

PROGRAM UPDATE
Compensates customers for shifting or reducing
electricity use during Flex Alerts when the grid is most constrained to help prevent power outages.

Highlights
• 2022 Results:
• 2,158 residential customers
• solar + storage, smart thermostats,
EV chargers
• 35 non-residential customers
• 39,000 kWh saved over 55 Flex Alert
hours
• 2023 Outlook:
• Increased enrollments, far fewer Flex Alert
hours
8 Energy
Efficiency

PROGRAM UPDATES
$2.35 million in rebates distributed in 2022.

January – June 2023 Highlights
• MCE Energy Efficiency programs avoided
as much GHG emissions as:
• Taking 2,873 cars off the road for one
year or
• Eliminating the electricity usage of
1,512 homes
• Energy efficiency upgrades at:
• 494 units at 9 multifamily properties
• 110 moderate income homes
• 29 small businesses
• 20 large customers
9 • $158 million awarded to MCE from the CPUC for
energy efficiency and electrification in 2023
• Nearly doubles all-time funding and continues
programs through 2031
• 5x increase in electrification incentives
2024-2031

ENERGY EFFICIENCY FUNDING
10 11
Customer Operations

ZAE PERRIN
Director of Customer Operations
[email protected]
11 100% renewable energy service
Highlights
• 70,000+ Deep Green customers
• 12% of MCE’s customer base
• 438% increase in customers in 2022
• $300,000+ saved by 8,000 lower income
customers enrolled in Deep Green at no extra
cost
Deep
Green

PROGRAM UPDATE
photo: Shiloh Wind Farm in Solano County
12 Local
Sol

PROGRAM UPDATE
100% local solar energy service tied to solar Feed-In
Tariff project in Novato. Service launched in 2017.

Highlights
• Cleaner power & lower cost: Stable rates
offered through long-term energy contract.

Lowest cost service option today.
• 338 residents saving $100/year, on average,
compared to PG&E.
• Equitable access: Low-income residents in
underserved areas of Richmond, Vallejo, and
unincorporated Antioch enrolled this year.
photo: Novato Cooley Quarry solar farm
13 Green
Access

PROGRAM UPDATE
photo: 32.6 MW Cottonwood Solar Project,
Kern & Kings County
100% renewable energy at a 20% discount, in addition
to CARE & FERA discounts, for up to 20 years
Highlights
• 3,200 low-income residents living in zip codes
with heavier environmental burdens as
recognized by the California Environment
Screen.
• $830,000+ in customer discounts, easing the
financial burden of energy costs for those in
need.
• Powered by Cottonwood solar in Kern and
Kings Counties.
14 • 1,880 average inbound calls per month, 21%
increase year over year.
• 5:51 average call time, reduced by 40%.
• 13x increase in Spanish calls this year, from 2% to
31% of all calls.
• 17% of opt out requests retained, 140%
improvement year over year.

CUSTOMER OPERATIONS
MCE Service Center
15 16
Power Resources

VIDHI CHAWLA
Interim Vice President of Power Resources
[email protected]
16 • Regulatory Environment
• IRP Procurement Mandates
• Resource Adequacy Slice-of-Day
• Availability of resources in the market
• Limited supply to provide reliability and meet specifics of procurement mandates

BALANCING DEMAND AND SUPPLY
Procurement Challenges
17 Procurement Challenges
 Increasing Costs
 Decreasing Supply
A recent CalCCA analysis
shows that system average
RA prices have doubled
between 2019-2021.

Balancing
Demand and
Supply
*Electric Quarterly Report (EQR) is a reporting mechanism required by Federal Energy Regulatory Commission (FERC).
*
18 A 6 GW drop in net RA supply over 2019-21
accompanied by doubling of the average RA price
Net RA
Supply
(Deficit)
[MW)
6000
5000
4000
3000
2000
1000
0 -1000
-2000
-3000
-4000 00
.....
0 N
California RA Market Dynamics:

September
Weighted-Average
System RA
Price
[$/kW-mo]
10 9
8 7
- Net Supply (Deficit) 6
CTI
.....
0 N
0 N
0 N
.....

N
0 N
N
N
0 N
- RA Price - CPUC
--e- RA Price - EQR
M
N
0 N
s:t
N
0 N
LI')
N
0 N
5 4
3 2
1 0 lO
N
0 N
'1te
Due to the scarcity in the
market, the last chunk of
MWs are sold at very high
prices. In 2023, prices have
been even higher.

Balancing
Demand and
Supply
19 Small share of RA is sold at very high prices
Capacity Transactions ($/kW-mo)
50 - September 2020
- September 2022
40 -- Excess Price Threshold
30 1.S*Net Cost of New Entry for Battery Storage
20 10
0 5000 10000 15000 20000 25000
cumulative capacity Sold to LSEs (MW)
Procurement Challenges
 Project Delays - Supply
Chain, Interconnection
and Permitting
Balancing
Demand and
Supply
Data Source: SB 100 Joint Agency Report
https://efiling.energy.ca.gov/EFiling/GetFile.aspx?tn=237167& DocumentContentId=70349
Assumes straight line growth between years identified in the report
*Installed electric generation
nameplate capacity of all
power plants one megawatt
(MW) and larger located within
California
Data Source: SB 100 Joint Agency Report
https://efiling.energy.ca.gov/EFiling/GetFile.aspx?tn=237167&DocumentContentId=70349 Assumes straight line growth between years identified in the report 20 300,000
250,000
200,000
150,000
100,000
50,000
0 Instal led Capacity (MW)
Historical (2001 - 2021)* v. 5B100 (2022 - 2045)**
2001 2006 20 11 2016 2021 2026 2031 2036 2041
ns alled Capacity [MW)
• The need to build new
generation has put
pressure on the CAISO
interconnection queue.
• Some projects have been
waiting more than 10
years for CAISO
interconnection; adding
to the lack of supply and
increase in costs.

Balancing
Demand and
Supply
341 GW withdrawn over
the same time frame
0 0 1 5 5 7 5
16 17
65 239.4
0 50
100
150
200
250
300
C5
2012
C6
2013
C7
2014
C8
2015
C9
2016
C10
2017
C11
2018
C12
2019
C13
2020
C14
2021
C15
2023
GW
C stands for Cluster
Interconnection Requests in GW
21 • Continue to remove roadblocks to bring MCE
contracted projects online
• Add more long-term resources through contracting or
ownership for cost-certainty and stability
• Work with regulators on long term fixes needed to build the needed generation at reasonable costs

STRATEGIES FOR COST-EFFICIENT GENERATION & PROJECT IMPLEMENTATION Path Forward
22 ⚡Key Priority
Enhance MCE’s internal and external
approaches to building equitable
communities.
23 Strategic Initiatives

ALEXANDRA MCGEE
Director of Strategic Initiatives
[email protected]
24 Electrification
• 139 low-income multifamily units installed
Heat Pumps Water Heaters
• 110 moderate-income homes installed no-cost efficiency upgrades Driving Clean Transportation Forward
• 128 income-qualified EV rebates
• $180,000 grant for free EV charging at 150
multifamily units in Marin
Innovative Financing
• 0% 10-year loans for low-income Virtual
Power Plant participants for electric panel
upgrades and batteries
Support for
Low &
Moderate
Income
Residents
photo: Fully refurbished home in Richmond
25 Training
Tomorrow’s
Green
Leaders

WORKFORCE

DEVELOPMENT
2-year partnership with Rising Sun for
green job training
90 TRAINEES: 78% of grads had immediate job
placement
Participant Demographics
• 29: median participant age
• 65% identify as Black, Latine, or Asian
• 52% identify as women
• 28% impacted by the legal system
• 15% experienced homeless
photo: Deyonna “Dee” Hancock, Rising
Sun graduate and Vacaville resident
26 Empowering
New
Careers

WORKFORCE

DEVELOPMENT
Workforce Partners
• County of Marin
• Transportation Authority of Marin
• MarinCAN
• BayREN
• Next Gen Trades Academy
Joint Efforts
• Promoting MCE Internship Program
• Materials to 15,000 diverse candidates
through college access listservs
• Informational sessions
• Coalition building to sponsor a 2023 workforce
development cohort for underserved youth
• construction training
• safety certifications
photo: construction at MCE Solar One • 8 months career counseling 27 • Youth Education Toolkits, coloring
books and videos to be presented at
the California Science Education
conference.
• $1,000,000 DOE grant application for
grassroots-informed clean
transportation projects via
participatory budgeting.
• Engaging environmental justice
advocates on novel technology, i.e.,
green hydrogen and virtual power
plants.

CULTIVATING DIVERSITY, EQUITY, & INCLUSION
Listening, Engaging, & Educating
28 photo: MCE staff visit a Pittsburg
Therapeutic Summer Program classroom
to teach students about renewable
energy.

Highlights
• 396% increase on diverse vendor
expenditures from 2021 and 2022.
• $49,500,000 spent on 12 certified small/micro
businesses and 61 local businesses in 2022.
• 50% more registrants at MCE Certify and
Amplify event in 2023.
• From the CPUC’s report to the legislature: “CCAs
procured 2.21% of non-power goods and services or
$5.4 million from diverse suppliers in 2022. Only MCE
reported power procurement spend, procuring 1.51%
or $3.1 million from a diverse supplier.” photo: guest speakers at MCE’s ‘Certify and Amplify’ event
Engaging small, diverse, local businesses to
educate about CPUC’s Supplier Diversity
program.

Supplier
Diversity
29 ⚡Key Priority
Be fiscally prudent and amplify our impact by
applying for and utilizing state, federal and
other funding
30 photo: MCE Staff and Board travel to DC to meet
with legislatives and advocate for funds
$6,529,999 awarded in 2022-2023
Grants &
Earmarks
Grants
• $3,000,000 for Richmond Healthy Homes (Strategic
Growth Council)
• $180,000 for multifamily EV Charging (Marin
Community Foundation)
• $99,999 for Richmond Virtual Power Plant (California
Energy Commission)
Earmarks
• $2,000,000 for EV charging (Housing and Urban
Development, Rep. Huffman)
• $750,000 for Healthy Homes (Housing and Urban
Development, Rep. Garamendi)
• $500,000 for energy storage at critical facilities,
(Department of Energy, Senators Padilla and Feinstein)
31 • $10,000,000 (DOE) to develop an advanced modeling and a state-of-the-art load forecasting tool with CAISO
• $1,670,000 (federal earmark, Rep. DeSaulnier) for main panel upgrades & ancillary services for income qualified customers
• $1,180,000 (FEMA Hazard Mitigation Grant) for Napa
County to install 150kW solar + 700kWh storage at 2 water treatment and pumping facilities in Berryessa Highlands • $1,000,000 (DOE) for community-level participatory
budgeting for EV infrastructure investments
• $400,000 (Buildings UP) for electrification

PENDING FUNDS
$14,250,000 Requested
32 photo: Staff presenting at Contra Costa
County Inflation Reduction Act
Conference.
33 Decarb &
Energy
Efficiency
CEC Equitable
Building Decarb
DOE High-Efficiency Electric
Home Rebate Act
DOE Contractor
Training for Green
Workforce
FLEXmarkets
CEC Demand Side
Grid Support
CEC Distributed
Electricity Backup
Assets
DOE Home Energy
Rebates
Electric
Vehicles
CPUC Locally-Invested
Transportation
Electrification
CEC Clean
Transportation
Program
Municipal Fleets
Utility Scale
Renewables
EPA Solar 4 All –
Expand MCE’s
Disadvantaged
Community Green
Tariff
CPUC Bioenergy
Market Adjusting
Tariff Feed-in Tariff
Virtual
Power Plant
CEC Electric
Program
Investment
Charge

FUNDING OPPORTUNITIES
On the Horizon
PPA sellers pledge to contribute community benefit
funds for initiatives like workforce training,
environmental stewardship, education, and
renewable energy projects. Negotiated by MCE
Power Resources staff.

Community
Benefit
Funds
Power Resources
Project Resource County Online Benefit
Mayacma Geothermal Lake 2024 $21,000
Hecate Storage Los Angeles 2024 $100,000
Golden
Fields
Solar +
Storage Kern 2025 $100,000
Humboldt
House Geothermal Pershing
(Nevada) 2025 $60,000
Wind
Power
Partners
Wind Riverside 2025 $100,000
Geysers 1 Geothermal Sonoma 2025 $50,000
Geysers 2 Geothermal Sonoma 2027 $50,000
TOTAL $481,000
photo: Geothermal plants in The Geysers field,
Sonoma County. Photo by John Burgess/The
Press Democrat
34 ⚡Key Priority
Inspire others to confront the climate crisis
and create energy equity by telling our story.
35 36
Policy and Legal

STEPHANIE CHEN
Director of Legislative Affairs
[email protected]
36 • Reliable
• Affordable
• Equitable and
inclusive
• Solutions-oriented
Telling Our
Story MCE supports state
priorities through local
action
 AB 1373
 Budget advocacy
37 MCE is not afraid of
tough issues and we lead
with our values
 Regionalization
 Responsible Biomass
Procurement
Telling Our
Story
38 photo: Staff visit BioMAT FIT site within the Sierra National Forest.

MCE delivers holistic, cutting-edge programs rooted in
community priorities
 Richmond Advanced Energy
Community (VPP)
 PeakFLEX and MCE Sync
 LIFT and equitable efficiency &
electrification programs
Richmond Advanced Energy Community
partners and participants
Telling Our
Story
39 40
Public Affairs

JB (JAYME) ACKMANN
VP of Public Affairs
[email protected]
40 Community & Business Development Focus
• Connecting municipal partners with resources to
build their energy efficiency profile
• Raising awareness about MCE’s energy initiatives
• Focus on connecting communities that have
experienced historical environmental and social
harms with electrification rebates, programs,
services, workforce training and youth outreach
2023 Outcomes
• 196 community events and meetings facilitated or
attended
• 48 council presentations
• 2 Community Power Coalition meetings (to date)
• 1 Power Hour meeting (to date)
• 2 Workshops/Webinars supported
• 10 new PeakFLEX participants committed
• Hercules membership request
Raising
Awareness

SHARING COMMUNITY
photo: (top) MCE staff, Tyla Brown, talks with Girl
Scouts at Pinole Earth Walk. (bottom) MCE staff,
Martin Bond, at Solano Land Event
41 • Engaged 23 community partners
• Sponsored $10,500 to help priority communities: assisting first generation college students, 220 BIPOC youth into nature, and assist displaced workers back into the
workforce
• Partnered with nine entities to promote workforce
development, including green construction trades and
MCE internships
• Outreach to 15,000+ diverse applicants for MCE internships through partner promotions, and in-person and virtual
information sessions
• Sponsored Next Gen Trades Academy
• Reached approximately 2,400 subscribers through the
virtual Climate Careers Chat for underrepresented
students interested in green careers

PARTNERSHIP DEVELOPMENT
Building Equity-Based Engagement
42 photo: MCE Partnership Development Manager Tyla
Brown facilitates a Climate Careers Chat.

Communications Messaging Focus
• Connect with new audiences through community-based
organizations, news outlets, and municipal and energy industry partners
• Enhance language accessibility and increase collateral and targeted outreach to diverse audiences
• Expand the reach of MCE’s messaging while positioning MCE staff as experts in the delivery of community choice energy alternatives 2023 Communications Impact
• 18 press releases, 17 blog posts, 9 eNewsletters produced to date • Extraordinary Women in Business: Bay Area Feature “Power to the People”
• SF Business Times Executive Profile Focus: Dawn Weisz • 23 articles and local media stories about MCE’s work
• Received North Bay Business Journal 2023 Diversity in Business Award

REACHING NEW AUDIENCES
Raising Education & Awareness
43 photo: MCE’s Chief of Staff Jamie Tuckey and
CEO Dawn Weisz walking across Cooley
Quarry Solar site.
• Customers: reduce electricity use between 4–9pm (peak hours) • Rates are highest for most
• More fossil fuels are on the grid (load shifting)
• 2023 campaign has additional digital components and began earlier • Campaign duration: 6/26–9/24*

PROMOTING BEHAVIORAL CHANGE
Advertising Campaign
44 6 a.m. - 4 p.m.

OFF-PEAK
$
When demand increases, energy costs rise
and fossil fuel plants need to switch on.
4 p.m. - 9 p.m.

PEAK
$$
9 p.m. - 6 a.m.

OFF-PEAK
$
Landing Page: mce4–9.org
45 ostat to i herrn Get you~nill out
680 er stat to ,,,,ur tnerrnc while you set ,- 4,-g p.rn., ,.. 1rom . e away. \ewer nen your '·e m,s or w rnar- s\eep, stal can mart thermo eve easy\ s cool rn
Lower Your therrnosrar to Pre-co01
rour home before 4 P.m_ when
rates are cheapest_ Then turn it up
10 78° from 4-9 P.m_ Better yet, get
smart: a smart thermostar, that is,
lo do it al/ for you.
l'rn Your Biggest /:an
Air conditioning is the biggest
energy hog_ If rou have to use it,
use fans to lighten the load and try
our Pre-cooling tip_ It's Ok to fudge
a bit if conditions are unbearable
but do What You can Without
risking Your health and safety_
Your Window of
Opportunity
If theres no coo1 breeze, close Your
Windows_ Pu// down Your shades
SM Shutter Your shutters_ Warm
air stays out and COO/er air stays
inside_ Air our the Place late at
night and Chill •~ilh" "'" - - ·
Digital Banners & Social Static Ads
46 Want to
save money?
Reduce your
QE
,auieres
ahorrar dinero?
Social Media
47 Streaming TV + Radio
48 Swag + Branded Collateral
49 Key Results:

Social Media
• Social ads have driven 97% of total clicks at a
31x lower cost-per-click than digital banner
display ads
• Average click through rate is nearly
3x higher than industry average – Total
impressions to date across all advertising
platforms 4,353,000
• The two social media videos performed best of
all creative variations, though all creatives have
performed strongly – Instagram videos received
over 10,000 total views within first 6 weeks of
campaign.
• “Money saving” messaging produced the most
visits to the /4–9 webpage – 7,612 CTR
50 Key Results:

Spanish-Speaking
Audiences
(midway)
• Social was very effective at reaching
Spanish-speaking audiences with
Spanish ads being served 200k times
• Digital display ads had a much
smaller Spanish-speaking audience
than social (15k), but exceedingly
high engagement among those
that did see the ad with up to

0.7% click through rate
(industry avg. 0.05 – 0.08%)
51 Use less power between
4 and 9 p.m.!
52 ⚡Key Priority
Enhance internal processes to improve the
employee experience, simplify workflows,
and achieve results through cross-team
collaboration.
53 Internal Operations

JUSTINE PARMELEE
Director of Internal Operations
[email protected]
54 • Board & Committee
• Internal staff and cross-department meetings
• External meetings
• Space sharing with
community partners
• Closed captioning and
ASL interpretation
Hybrid
Meetings
55 Streamlining with Mobile solutions
Skedda
Desk booking
platform to ensure
staff have the space
and system they
need
56 Alert Media
Emergency
notification app to
reach a mobile and
hybrid workforce
Brivo
Control access
platform to ensure
speedy onboarding/
offboarding and
ensure no
accidental lockouts
• Relaunch of Green Team
• California Green Business
Recertification
• Return of reusables
• E-waste bins at offices
• Opportunities for
professional
development
Office
Sustainability
57 Opportunities for Savings
58 $150,000 in FY2023-24
We renegotiated the Concord office lease to include rental abatement for the remainder of 2023, reset our baseline expenses, and an additional monthly savings starting in 2024
$12,000 per year
Due to MCE’s comprehensive remote work benefits, we were able to make room to close out our storage unit rentals and bring the remaining property into the San Rafael location
5959
Human Resources

SHAHEEN KHAN
VP of Human Resources, Diversity, and Inclusion
[email protected]
60 MCE Employee Stats
61 74 85 93
7 10
12 2021 2022 2023

MCE EMPLOYEE
COUNT
Full-Time Temporary
81 total 95 total 105 total
61%
56%
5%
56%
25%
20%
2019 2023
Women
People of
Color
Turnover Rate
(Industry Average 15%)
■ ■
The senior
leadership
team
consists of
14 members
MCE Leadership Stats
62 67%
11%
57%
35%
Women
People of
Color
2019 2023
Internship Program
63 “This internship has impacted my life greatly. It has allowed me to gain insight into what a career in the
renewable energy industry looks like, the different
career paths it offers, and how my daily efforts as a
professional could impact actual change within our
communities.” Ashley Muth, Solano County
“What I enjoyed most about this internship and being
a part of MCE was meeting people who were like-minded, had a sense of community, and cared about progress.” Mike Rodriguez-Vargas, Contra Costa
County
“I learned that continuing education is important
even after graduating college. I have a goal of
creating my own business, and with this internship, I
learned about software and tools that would help me
with that.” Allison Miranda, Marin County
Internship Demographics
64 Identify as part of the LGBTQIA+
Community
Interns have participated in the 3-6
month program since winter 2021
Identify as non-binary
Have continued working at MCE past
their internship
Identify as non-white
58%
4%
Non-binary
25%
LGBTQIA+ Women
13%
Continued
working at MCE
past the internship
75%
Non-white
70%
From MCE
Service Area
\
Special designation for best
benefits out of 4,200 Bay
Area companies/agencies
MCE Top
Workplace
Award
65 Special designation for best
benefits out of 4,200 Bay Area
companies/agencies
65 TOP
WORK
PLACES
2022-2023
~an,1franci~co <Cbronidc
Marin Clean Energy is a 2023 Top
Workplace!
2 Years Running
• Approach to
leave planning
• Hybrid work
environment
Benefits, Culture, and Flexibility
66 • Meaningful time spent
together in person
• Remote coffee breaks
• Thoughtful
onboarding
Culture Flexibility
• Commuter Benefits
• Family Planning /
Dependent Care
• Lifelong Learning
Benefits
Technology and Analytics

SHUVO CHOWDHURY
VP of Technology and Analytics
[email protected]
67 Technology & Analytics
Data Analytics Platform
• PG&E Bills & Invoice
now available in the
MCE DataLake
• 30 Data Analytics
requests completed in
Q2 2023
• One additional
Dashboard now
available: PG&E
Interconnection
report
• Amperon onboarded
as an additional load
forecaster
• Project Initiated to
build “Rates Engine”
CRM
• Self-service model for
3rd Parties: Three third
parties now have
(limited) access to the

MCE CRM
• Customer service
change requests now
run through the MCE
website and go to the
CRM first
• Multi-directional Sync
between MCE-SMUD
is stable
• CRM Architectural
redesign to
accommodate
customer hierarchies
Information Technology
• New Managed
Security Services
Provider onboarded
• Review of MCE’s
cybersecurity posture
underway
• Triennial AMI audit
passed
Special Projects
• Distributed Energy
Resources
Management System
(DERMS) for VPP
project now up and
running in an MCE
cloud instance
• Data exchange
between MCE
DataLake and DERMS
established
• First full cycle test to
be completed in
October
68 Thank You!
69 Thank You
photo:
(left) Finance Department
(right) Legal Department
1 1
MCE Investments Program
MCE BOARD RETREAT | SEPTEMBER 29, 2023
1-Year U.S. Treasury Yield
1/2/2018-8/31/2023
2 0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
1/2/2018 1/2/2019 1/2/2020 1/2/2021 1/2/2022 1/2/2023
COVID era rates were near zero.

Summary of Investments
and Cash Balances
3 MCE
Investments
and Cash
Balances as
of 8/31/2023
4 29%
4%
33%
1% 33%
Total: $318 million
Fixed Income
Portfolio Market
Value
$91 Million
CDARs
$97 Million
CDs
$2 Million
Cash Balances at
River City Bank
$118 Million
CAISO
$10 Million
30%
29%
37%
3%
1%
Characteristics of MCE’s Investments
and Cash Balances
• Fixed Income Portfolio
• Held by MCE’s trustee bank, USBank
• Managed by Chandler Asset Management
• Portfolio of U.S. treasuries, agencies, and corporate bonds • Average life of 2.81 years
• CDs/CDARs Portfolio
• Held at River City Bank
• FDIC insured or collateralized
• Managed internally
• Average life of 9 months
• Cash Balances
• Held at River City Bank in liquid money market funds
• FDIC insured and/or collateralized
5 4.00%

4.20%

4.40%

4.60%

4.80%

5.00%

5.20%

5.40%

5.60%
1 Mo 1 Yr 2 Yr 3 Yr 5 Yr 7 Yr 10 Yr
U.S. Treasury Yield Curve Interest Rates
6 Rates as of 9/6/2023
MCE
Maturity
Range for
CDARS
Investments
CAM
maturity range
for portfolio of
Treasuries,
Agencies and
Corporates
RCB
Maturity
Range –
Money
Market
Funds
Market Value of Fixed Income Portfolio and
Average Purchase Yield To Maturity
7 3.60%

3.80%

4.00%

4.20%

4.40%

4.60%
$0
$20
$40
$60
$80
$100
11/30/2022 12/31/2022 1/31/2023 2/28/2023 3/31/2023 4/30/2023 5/31/2023 6/30/2023 7/31/2023 8/31/2023 Millions
Fixed Income Portfolio Market Value Yield
-
CD and CDARs Amounts and Average
Annual Percentage Yield
8 0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
$0
$20
$40
$60
$80
$100
$120
Millions
CDs & CDARs Total Yield
-
Investments
Dashboards
9 Characteristics of MCE’s Cash Balances
as of 8/31/2023
10 • Cash balances function as MCE’s working capital for its operating expenses • Yield is pegged to yield of the LAIF (Local Agency Investment Fund administered by the California State Treasurer) and will gradually rise as it catches up with rising interest rates
Breakdown Characteristics
Average Yield 3.40%
Average Life Na
Average Size Na
Money Market
$105 Million
ICS
$10 Million
Other
$3 Million
Characteristics of MCE’s CDs/CDARs as
of 8/31/2023
11 • Portfolio average life is on the shorter side
• As CDs/CDARs mature, average interest rate may decrease or increase depending on decisions made by the Federal Reserve
• CDs/CDARs make up 31% of MCE’s overall holdings
Breakdown Characteristics
Average Yield 5.23%
Average Life 9 months
Average Size $4 million
Number of CDs 1
Number of CDARs 27
CDARs
$97 Million
CDs
$2 Million
Fixed Income Portfolio Dashboard as of
8/31/2023
12 Top Issuers Characteristics
Average Purchase YTM 4.47%
Average S&P/Moody rating AA/Aa1
Average Life 2.81 yrs
• Funds are invested per MCE’s investment policy

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%
Government
of United
States
Fed Home
Loan Bank
Fed Farm
Credit Bank
Fed Home
Loan
Mortage
Bank Corp
Corporates Intl Bank
Recon and
Devlpmt
Interest Income Earned
& Projections
13 Assumptions on Projections
• Fixed Income Portfolio: 4.43% yield
• CDs/CDARs: 4.70% yield
• Other funds at River City Bank: 3.30% yield
• Interest rates are subject to change per decisions made by the Federal Reserve and trends in the US economy
14 Earned and Projected Interest Income from
FY 2020/21 – FY 2023/24
15 $0
$2
$4
$6
$8
$10
$12
$14
April May June July August September October November December January February March Millions
FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2023/24 Projection $11.7 mm
FY 2023/24 Actual and Projected
Interest Income
16 $0
$2
$4
$6
$8
$10
$12
$14
April May June July August September October November December January February March Millions
CDs/CDARs Cash Balances at RCB Fixed Income Portfolio
$11.7 mm
■
Wrap up
• MCE’s Finance Department has been methodically
diversifying its investment portfolio while adhering to the Investment Policy’s tenets of safety, liquidity, and return on investment
• Modernized and continually updating MCE’s
Investment Policy
• Executing the Board’s directive on managing MCE’s
reserves and operating cash
17 Thank You
Garth Salisbury CFO & Treasurer
Efren Oxlaj Financial Analyst II
[email protected]
18 September 29, 2023
TO: MCE Board of Directors
FROM: Vidhi Chawla, Interim Vice President of Power Resources Kirby Dusel, Pacific Energy Advisors
RE: 2022 Power Supply Statistics and Content Label (Agenda Item #06) Dear Board Members:

SUMMARY: California Public Utilities Code requires all retail sellers of electric energy, including MCE, to disclose “accurate, reliable, and simple-to-understand information on the sources of energy, and the associated emissions of greenhouse gasses, that are used to provide electric services.”1 Applicable regulations direct retail sellers to provide such communications to customers following each year of operation. The format for this communication, named the Power Content Label (PCL) by the California Energy Commission (CEC), is highly prescriptive, offering little flexibility to retail sellers when presenting such information to customers. Similar to the presentation of information on a nutritional label, the PCL informs retail electricity customers of the power sources that were procured to serve their electric energy needs. Prior to distributing the PCL to its customers, MCE annually submits reports to the CEC detailing specified-source power purchases for each retail service offering that was made available during the previous year. These annual reports and the PCL are required elements of California’s Power Source Disclosure Program (PSD Program); information reflected in each annual report is contributory to the PCL (with the power supply breakout reflected in each annual report inserted in MCE’s PCL template).

Information presented in the PCL includes the proportionate share of total energy supply attributable to various resource types, including both renewable and conventional fuel sources. In the event that a retail seller meets a certain percentage of its resource needs from unspecified resources/purchases, the report must identify such purchases as “unspecified sources of power.” As your Board is likely aware, certain of MCE’s power supply agreements reflect the delivery of unspecified/market power to satisfy a portion of MCE’s energy requirements. These purchases, which have diminished over time consistent with MCE’s adopted integrated resource planning objectives, serve to promote budgetary certainty and rate stability – these purchases, as 1 California Public Utilities Code Section 398.1(b)
MCE Empowering
Our Clean
Energy Future

CONTRA COSTA I MARIN I NAPA I SOLANO
well as electric energy provided by the California Independent System Operation for purposes of grid balancing, have been appropriately identified as “unspecified sources of power” in MCE’s PCL. Note that MCE’s unspecified power purchases have significantly decreased in recent years, amounting to less than 1% of total purchases during the 2022 reporting year.

During the 2022 calendar year, MCE successfully delivered a substantial portion of its electric energy supply from various renewable energy sources, including wind, solar, geothermal, hydroelectricity, biomass and landfill gas-to-energy – for Light Green customers, the percentage of supply attributable to renewable energy sources exceeded 60 percent of the total (with over 99 percent of total Light Green energy purchases sourced from zero- or low-carbon sources). Note that the reflection of 0.4% nuclear supply within the Light Green portfolio relates to a relatively new PSD reporting convention (incorporated following the implementation of Assembly Bill 1110) that separates purchases from Asset Controlling Suppliers by resource type. MCE made no specified nuclear purchases in 2022, and the reflection of such purchases simply relates to residual amounts of nuclear power that were included in purchases from Asset Controlling Suppliers located in the Pacific Northwest – nearly all Asset Controlling Supply is comprised of hydroelectricity with small amounts of renewable, natural gas, nuclear and system power used for portfolio balancing. For the Deep Green, Local Sol and Green Access retail service offerings, CEC-certified renewable resources were the exclusive sources of energy procured to serve participating customers. The following table reflects MCE’s 2022 PCL, presented in the CEC’s required format.

Consistent with applicable regulations, MCE will complete requisite customer communications following your Board’s approval of pertinent information to be included in the 2022 PCL. Customers receiving 2022 PCL communications will include all those 2022 POWER CONTENT LABEL
MCE
mceCleanEnergy.org/energy-sources
Greenhouse Gas Emissions Intensity
(lbs CO2e/MWh) Energy Resources
2022 MCE
Light Green
Power Mix
2022 MCE
Deep Green
Power Mix
2022 MCE
Local Sol
Power Mix
2022 MCE
Green
Access
Power Mix
2022 CA
Power Mix
Eligible Renewable1 59.6% 100.0% 100.0% 100.0% 35.8%
Biomass & Biowaste 5.3% 0.0% 0.0% 0.0% 2.1%
44 0 0 0 422 Geothermal 5.1% 0.0% 0.0% 0.0% 4.7%
Eligible Hydroelectric 3.8% 0.0% 0.0% 0.0% 1.1%
Solar 28.4% 50.0% 100.0% 100.0% 17.0%
Wind 17.0% 50.0% 0.0% 0.0% 10.8%
Coal 0.0% 0.0% 0.0% 0.0% 2.1%
Large Hydroelectric 39.5% 0.0% 0.0% 0.0% 9.2%
Natural Gas 0.0% 0.0% 0.0% 0.0% 36.4%
Nuclear 0.4% 0.0% 0.0% 0.0% 9.2%
Other 0.0% 0.0% 0.0% 0.0% 0.1%
Unspecified Power2 0.5% 0.0% 0.0% 0.0% 7.1%
TOTAL 100.0% 100.0% 100.0% 100.0% 100.0%
Percentage of Retail Sales Covered by Retired Unbundled RECs3 : 1% 0% 0% 0%
1 The eligible renewable percentage above does not reflect RPS compliance, which is determined using a different methodology. 2 Unspecified power is electricity that has been purchased through open market transactions and is not traceable to a specific generation source. 3 Renewable energy credits (RECs) are tracking instruments issued for renewable generation. Unbundled renewable energy credits (RECs) represent renewable generation that was not delivered to serve retail sales. Unbundled RECs are not reflected in the power mix or GHG emissions intensities above.

While preparing MCE’s 2022 annual PSD reports and PCL, staff performed a detailed review of all power purchases completed for the 2022 calendar year. This review included an inventory of all renewable energy credit transfers within MCE’s Western Renewable Energy Generation Information System (WREGIS) account, related contract documents and pertinent transaction records associated with other specified energy purchases. Based on staff’s review of available data, the information presented in the annual reports and PCL was determined to be accurate.

To fulfill its obligations under the PSD Program, MCE must also provide the CEC with an attestation of its Governing Board regarding the accuracy of information included in its PSD reports and PCL for the 2022 operating year. With regard to this internally administered attestation process, applicable regulations state2 :

A retail supplier that is a public agency providing electric services is not required to comply with the provisions of subdivision (a)(1) if the board of directors of the public agency submits to the Energy Commission an attestation of the veracity of each annual report and power content label for the previous year.

Evidence of MCE’s attestation must be provided to the CEC no later than October 1st.

In consideration of MCE’s internal review and applicable regulations, staff requests that your Board accept this determination of informational accuracy and, based on this staff-level determination and related recommendation, attest to the accuracy of information included in MCE’s 2022 Power Source Disclosure reports and PCL. Should your Board endorse staff’s recommendation, a copy of: 1) this staff report; 2) meeting minutes for today’s Board Meeting; and 3) a copy of MCE’s completed 2022 PCL template (in both Excel and PDF formats) will be forwarded to the CEC, thereby completing MCE’s obligations under the PSD Program for the 2022 calendar year.

Fiscal Impacts: Other than the typical cost of producing and distributing Power Content Labels to MCE customers, there are no expected fiscal impacts.

Recommendation: Based on staff’s review of the power purchases supporting MCE’s various retail supply portfolios in 2022, it is recommended that your Board endorse the accuracy of information presented in MCE’s 2022 PSD reports for Light Green, Deep Green, Local Sol and Green Access service as well as the related PCL reflecting such products.
2 Note that Section 1393.2.(a)(1), as referenced in the excerpt from applicable PSD regulations, refers to the completion of annual independent audits.
1 2022 Power Supply Statistics
& Content Label
MCE BOARD RETREAT | SEPTEMBER 29, 2023
Key Drivers of Power Supply Statistics
• MCE’s Integrated Resource Plan (establishes targets)
• Actual vs. forecasted retail sales (denominator in most power portfolio calculations)
• Actual vs. forecasted clean energy production:
• Product Availability & Budgetary Impact
• Resource intermittency
• Curtailment
• Outages
• Hydro conditions
• AB 1110 emission accounting methodology (first reported in 2020) 2 MCE Planning & Procurement Process
• MCE’s resource planning process utilizes a two-phased approach with attention given to:
• Clean-energy commitments: contracted supply and open positions are evaluated in consideration of current IRP targets and compliance obligations. • Price risk mitigation/budgetary certainty: resource commitments are evaluated in consideration of potential market price exposure and budgetary/rate impacts. • Clean-energy purchases/sales are pursued to align resource commitments with IRP targets on a projected basis.
• Additional clean-energy purchases or sales may be executed throughout the year to balance commitments relative to needs (subject to product availability). • Certain contractual commitments are specifically executed to minimize MCE’s exposure to market price volatility but may not impact power supply statistics. 3 MCE Historical Retail Sales Growth
4 -
1,000
2,000
3,000
4,000
5,000
6,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 GWh
MCE Retail Sales
___ .111
MCE 2022 Sales & Customer Snapshot
• MCE’s Peak Demand of ≈1,567 MW occurred on September 6, 2022, HE 17 (5:00 P.M.) • 26.4% increase in peak demand relative to 2021
• Peak demand of ≈1,240 MW on September 8, 2021 (5:00 P.M.) • MCE experienced a 3.8% increase in retail sales relative to 2021 (5,333,206 MWh) 5 % of Retail Sales Retail Sales (MWh) Customers (as of 12/31/2022) MCE Light Green Total: 96.06% 5,318,090 569,998
Residential 50.77% 2,810,682 512,259
Non-Residential 45.29% 2,507,408 57,739
MCE Deep Green Total: 3.91% 216,508 13,138
Residential 0.82% 45,282 8,977
Non-Residential 3.09% 171,226 4,161
MCE Local Sol Total: 0.02% 1,365 176
Residential 0.02% 1,273 170
Non-Residential 0.00% 92 6
MCE Grand Total: 100.00% 5,535,963 583,312
MCE 2022 Supplier Inventory
6 MCE received
specified-source energy
products from
≈40 unique
suppliers in
2022
Small World Trading Co., 0.00%
CMSA, 0.01%
Larkspur REP, 0.01%
Byron Solar Farm, 0.01%
Hayworth-Fabian, 0.04%
DRES Quarry, 0.05%
San Rafael Airport Solar
Partners, 0.06%
Northshore Solar
Partners, 0.06%
WAPA, 0.09%
RP Napa Solar 2, 0.10%
RP Napa Solar 3, 0.10%
The Energy Authority, 0.12%
RP Napa Solar 1, 0.13%
3PR Trading, 0.25%
RPCA Solar, 0.26%
Waste Management, 0.37%
Kern & Tule Hydro, 0.39%
MCE Solar One, 0.41%
G2Energy, 0.47%
Genpower, 0.60%
Dominion, 0.72%
Tecolote Wind, 0.90%
OCPA, 1.01%
GS Renewables, 1.21%
EBMUD, 1.48%
Geysers/Calpine, 1.58% Caltex, 2.23% Terra-Gen, 3.58% Brookfield, 3.66% Portland General, 3.88%
BPA, 3.93%
EDF, 3.99%
Tioga Energy, 4.74%
Great Valley Solar 1, 5.09%
Little Bear, 6.03% Pattern Energy, 5.41%
MCE 2022 Resource Locations
7 ≈92% of specified
source power
delivered from
California and
Pacific Northwest
in 2022
California, 62.4%
Arizona, 0.9%
Nevada, 0.2%
Washington, 16.7%
Idaho, 0.6%
New Mexico, 6.4%
British Columbia,

10.0%
Oregon, 2.5%
Unspecified,

0.3%
MCE 2022 Power Content Label
8 *Representative example of resource breakout reflected in CA’s PCL **MCE Total Power Mix and Light Green Power Mix include purchase of 0.5% unbundled RECs from CA biomass resource 2022 2022 2022 2022 2022

MCE TOTAL LIGHT GREEN LOCAL SOL DEEP GREEN GREEN ACCESS

POWER MIX POWER MIX POWER MIX POWER MIX POWER MIX
(Actual) (Actual) (Actual) (Actual) (Actual)

61.7% 60.1% 100.0% 100.0% 100.0%

5.1% 5.3% 0.0% 0.0% 0.0%

4.9% 5.1% 0.0% 0.0% 0.0%
-- Small hydroelectric 3.6% 3.8% 0.0% 0.0% 0.0%

29.4% 28.4% 100.0% 50.0% 100.0%

18.3% 17.0% 0.0% 50.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0%

37.8% 39.5% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0%

0.4% 0.4% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0%

0.5% 0.5% 0.0% 0.0% 0.0%
TOTAL 100.5% 100.5% 100.0% 100.0% 100.0%
Nuclear
Other
Unspecified sources of power
-- Geothermal
-- Solar
-- Wind
Coal
Large Hydroelectric
Natural Gas
-- Biomass & waste
POWER CONTENT LABEL*
MCE Procurement Statistics - CY 2017
ENERGY

RESOURCES
Eligible Renewable**
MCE 2022 POWER CONTENT LABEL
9 2022 POWER CONTENT LABEL
MCE
mceCleanEnergy.org/energy-sources
Greenhouse Gas Emissions Intensity
(lbs CO2e/MWh) Energy Resources
2022 MCE
Light Green
Power Mix
2022 MCE
Deep Green
Power Mix
2022 MCE
Local Sol
Power Mix
2022 MCE
Green
Access
Power Mix
2022 CA
Power Mix
Eligible Renewable1 59.6% 100.0% 100.0% 100.0% 35.8%
Biomass & Biowaste 5.3% 0.0% 0.0% 0.0% 2.1%
44 0 0 0 422 Geothermal 5.1% 0.0% 0.0% 0.0% 4.7%
Eligible Hydroelectric 3.8% 0.0% 0.0% 0.0% 1.1%
Solar 28.4% 50.0% 100.0% 100.0% 17.0%
Wind 17.0% 50.0% 0.0% 0.0% 10.8%
Coal 0.0% 0.0% 0.0% 0.0% 2.1%
Large Hydroelectric 39.5% 0.0% 0.0% 0.0% 9.2%
Natural Gas 0.0% 0.0% 0.0% 0.0% 36.4%
Nuclear 0.4% 0.0% 0.0% 0.0% 9.2%
Other 0.0% 0.0% 0.0% 0.0% 0.1%
Unspecified Power2 0.5% 0.0% 0.0% 0.0% 7.1%
TOTAL 100.0% 100.0% 100.0% 100.0% 100.0%
Percentage of Retail Sales Covered by Retired Unbundled RECs3: 1% 0% 0% 0% 1 The eligible renewable percentage above does not reflect RPS compliance, which is determined using a different methodology. 2 Unspecified power is electricity that has been purchased through open market transactions and is not traceable to a specific generation source. 3 Renewable energy credits (RECs) are tracking instruments issued for renewable generation. Unbundled renewable energy credits (RECs) represent renewable generation that was not delivered to serve retail sales. Unbundled RECs are not reflected in the power mix or GHG emissions intensities above.

For specific information about this electricity portfolio, contact: MCE 1 (888) 632-3674
For general information about the Power Content Label, visit: https://www.energy.ca.gov/programs-and-topics/programs/power-source-disclosure-program 2022 MCE
Light Green
Power Mix
2022 MCE
Deep Green
Power Mix
2022 MCE
Local Sol
Power Mix
2022 CA Utility
Average
2022 MCE
Green Access
Power Mix
0 200
400
600
800
1000 2022 MCE
Light Green
Power Mix
2022 MCE
Deep Green
Power Mix
2022 MCE
Local Sol
Power Mix
■
■
■
2022: Statistical Highlights
• 99.5% Clean Energy* (98.3% in 2021)
• 61.7% RPS-Eligible Renewable (61.9% in 2021)
• 60.5% Bucket 1
• 0.7% Bucket 2
• 0.5% Bucket 3
• 37.8% Large Hydro**
• 0.4% Nuclear**
• 62.4% California-based supply (all sources)
• 73.0% California-based renewables (as a % of total renewables) • Light Green Emission Factor (AB 1110): 44 lbs CO2e/MWh (95% GHG-Free equiv.) • Aggregate Portfolio Emission Factor (AB 1110): 42 lbs CO2e/MWh *RPS-eligible Renewable + Carbon-Free + ACS
**Includes proportionate allocations from ACS purchases 10 MCE Historical Power Content (2013-2022)
11 *Includes energy delivered by large hydroelectric generators and Asset Controlling Suppliers 20%
27%
38%
53% 59% 61% 62% 63% 62% 61%
31%
30%
15%
3%
3% <1% 0% 0% 0% 0%
10%
9% 11%
13%
26% 26% 29%
36% 36% 38%
364
324 323
279
109
122
190
75 72
42 -
50 100
150
200
250
300
350
400
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Other Carbon-Free* % Unbundled Renewable %
Bundled Renewable % MCE Pre-AB1110 Emission Rate (lbs CO2e/MWh) MCE Post-AB1110 Emission Rate (lbs CO2e/MWh)
...... ...... '----, ......
--
... ,
\
\
\
\
\
\
\
-
MCE & PG&E Five-Year Portfolio Summary
12 *Includes RPS-eligible renewable, large hydro and nuclear power sources PG&E’s Base Plan power portfolio included 49.3% nuclear energy & 6.0% Unbundled RECs PG&E’s Base Plan Emission Factor = 56 lbs CO2e/MWh (MCE Light Green Emission Factor = 44 lbs CO2e/MWh) 2018-2022 Source Data: Annual Power Source Disclosure Reports, as provided by the CEC, and related Power Content Labels 62% 62% 61% 60% 60%
39% 29% 31%
49% 44%
88%
91%
99% 98%
99%
85%
100%
84%
92%
100%
0%
20%
40%
60%
80%
100%
120%
2018 2019 2020 2021 2022
Clean Energy Comparison: MCE vs. PG&E
MCE Light Green: Renewables PG&E Base Plan: Renewables
-MCE Light Green: Clean Energy* -PG&E Base Plan: Clean Energy* Thank You
13

MCE Board of DirectorsSeptember 29, 2023

MCE Board of Directors
September 29, 2023