MCE Board of Directors Meeting
Special Meeting & Public Workshop
Tuesday, August 25, 2026
4:30 p.m.
1125 Tamalpais Ave
San Rafael, CA 94901
2300 Clayton Road, Suite 1500
Concord, CA 94520
Public comments may be made in person or remotely via the details below.
Remote Public Meeting Participation
Video Conference:
https://us02web.zoom.us/j/89558191522?pwd=3ZDhGry61ufbKYiEKaAmZDKJaB5qrf.1 Phone: Dial (669) 900-9128, Meeting ID: 895 5819 1522, Passcode: 551526 Materials related to this agenda are available for physical inspection at MCE’s offices in San Rafael at 1125 Tamalpais Avenue, San Rafael, CA 94901 and in Concord at 2300 Clayton Road, Suite 1500, Concord, CA 94520.
DISABLED ACCOMMODATION: If you are a person with a disability who requires an accommodation or an alternative format, please contact MCE at (888) 632-3674 or [email protected] at least 72 hours before the meeting start time to ensure arrangements are made.
Agenda Page 1 of 1
1. Roll Call/Quorum
2. Opening Remarks (Discussion)
3. Power Resources Workshop #3: Community Feedback and the Path Forward (Discussion)
Receive a presentation, followed by open Q&A session for all attendees.*
4. Adjourn
The Board of Directors may discuss any or all of the items listed on the agenda irrespective of how the items are described.
*Please note that if a quorum is not achieved for this special meeting, the meeting will proceed as a public workshop to discuss the matters listed on this agenda. Any members of the MCE Board of Directors will Agenda Page 2 of 2
participate in the discussion in the same fashion as the public and such Board Members may not discuss among themselves, other than as part of the scheduled agenda, any other specific business of MCE.
Power Resources
Workshop 3
Community Feedback and
the Path Forward
August 25, 2026
Power Resources Workshop Series
Workshop 1
June 24, 2026
Index+ Contracting &
CAISO Load Hedging
Workshop 2
July 8, 2026
Resource Adequacy
Workshop 3
August 25, 2026
Community Feedback
and the Path Forward
2 • Summarize key themes and
recommendations from workshops
• Confirm whether we accurately
captured input
• Identify clarifications or additions
• Explain how feedback will inform
future Board policy discussions
Today’s Focus
3 Mulqueeny Wind Ranch
80 MW, Altamont Pass, CA
The Feedback
Participants supported Board review of MCE’s voluntary clean energy targets, with customer value and rate impacts as key considerations.
California’s Clean Energy Targets
Clean Energy Targets
5 Year Power Supply Target
(Annual Accounting)
Established By MCE Performance
2030 60% renewable CA RPS/SB 100 (2018) Achieved since 2017 2035 90% carbon-free
CA SB 1020 (2022)
Achieved since 2017
2040 95% carbon-free Achieved since 2022
2045 100% carbon-free CA SB 100 (2018) TBD
MCE’s Current Clean Energy Targets
6 MCE Light Green
Portfolio Targets
(Annual Accounting)
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Renewable (PCC 1) 60% 65% 70% 75% 80% 85% 85% 85% 85% 85% Carbon-Free 37% 32% 27% 22% 17% 12% 12% 12% 12% 12%
GHG-Free 95% 95% 95% 95% 95% 95% 95% 95% 95% 95%
• Feedback questioned whether Index+ purchases provide sufficient environmental and ratepayer value, particularly now that MCE has enough contracted PPAs to meet state RPS compliance requirements. • Participant concerns that Index+ purchases may transfer clean energy attributes without driving new clean energy generation (additionality) or verifiable emissions reductions, including potential resource-shuffling. • Participants preferred evaluating alternative investments including long-term PPAs, and/or simply reducing MCE’s voluntary clean energy targets.
Index+ Contracts
7 • Requested greater transparency into
MCE’s hedging strategy, including
scale, timing, cost, and performance.
• Asked for a retrospective review of
hedging outcomes and whether
hedging to forecasted load remains the
right balance of cost certainty, market
risk, and customer value.
Hedging and CAISO Market Exposure
8 Clearway Solar + Storage Ribbon Cutting
• Feedback generally supported increasing
clean RA where feasible, while also
considering customer rate impacts.
• Participants sought clearer explanation of
how RA differs from energy, why RA does
not appear on the Power Content Label
unless energy is generated, and how
frequently gas RA resources are
dispatched.
• Feedback reflected interest in better
understanding the actual emissions impact
of gas RA resources, including differences
between frequently operating gas plants
and lower-use peaker plants.
Resource Adequacy (RA)
9 Daggett Solar + Storage Project
Communicate more clearly
• Use plain language in public
communications
• Clearly define the policy problem when
asking the Board to advocate
More accurately explain:
• The Power Content Label
• Annual vs hourly accounting
Increase transparency around:
• How we’re procuring energy
• The role of natural gas in power supply
• Greenhouse gas emissions associated with
power supply
General Feedback
10 Ensure ratepayer value is a central part
of Board discussions
Continue supporting regulatory and
market reforms to:
• Increase procurement flexibility
• Better recognize RA value of customer-side
resources
Next Steps
Policy Considerations
12 If targets are maintained or continue to exceed RPS
• What guardrails should govern procurement — by
cost/rate impact, resource type, and contract
type?
• Should the target include a range (e.g., exceed
by X% if cost-effective, fall short by X% if costs are
too high)?
• How much discretion should staff have to act
without returning to the Board (e.g., a cost or
rate-impact threshold above which a decision
must come back to the Board first)?
• What role, if any, should index-plus purchases
play in MCE’s portfolio now that RPS is met
through contracted PPAs?
If targets are reduced toward the RPS floor
Should MCE:
• Adjust its clean energy targets, which currently exceed state RPS requirements? • Adopt partial clean capacity targets for Resource Adequacy (RA)? • What would the new target be?
• Should the target include a range?
• How does that reduction affect customer
value (rate impacts, environmental benefits)?
• Are there other ways MCE can and should
invest in customers and clean energy with
the difference?
Path to a Board Policy Decision
13 Power Content
Label & Disclosure
Review
Technical Committee
September 4
2025 California Energy
Commission Power
Source Disclosure
Attestation and Power
Content Label
Public Discussion
Board of Directors
November 19,
tentatively
Present feedback from
workshops. Solicit
Board input. Invite
community input via
public comment.
Policy Options
Presented
Board Committees
December, tentatively
Present policy options,
guardrails, and data.
Committees may vote
to make
recommendations to
the Board.
Policy Adoption
Board of Directors
December, tentatively
Board may vote to
adopt new and/or
adjusted policies.
September and October Board meetings will focus on Governance Assessment Thank you!
mceCleanEnergy.org
[email protected]