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WestLight Energy Executive Committee
March 13, 2023

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March 13, 2023
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WestLight Energy Executive Committee
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Executive Committee Meeting
March 13, 2023
Peninsula Clean Energy
Agenda
• Call to Order / Roll Call
• Public Comment (for items not on the Agenda)
• Action to set the Agenda and Approve Consent Items
o Public Comment
• Regular Agenda
• Committee Members Reports
• Adjourn
Chair Report
Item 2
CEO Report
Item 3
Peninsula Clean Energy
Welcome!
• Brianna Arroyo, Administrative Assistant, started March 7 • Roy Xu, Director of Power Resources, starting today, March 13 • Gwen Rose, Director of Marketing and Community Relations, starting March 20 • Catherine Hansen, Human Relations Manager, starting March 29 5 Peninsula Clean Energy
Open Positions
Currently posted:
oPower Resources Analyst / Specialist
6 Peninsula Clean Energy
In – Person Meetings
• Board members now required to attend in-person
• If you are attending remotely, please provide remote address 10 days before the meeting for Nelly to include on the agenda
• If an exemption under AB 2449 occurs, please contact Nelly and Jennifer Stalzer • Achieving quorum: if you cannot attend, please reach out to your alternate and inform Nelly
• Current PCE Staff Policy is for Staff to wear masks when in the PCE offices, including in-person meetings
o Masks will be available
• If you have an EV, EV chargers are available – register with Nelly for use 7 Peninsula Clean Energy
Update: Safety of PCE Funds in the Context of Silicon
Valley Bank Failure
• PCE’s active bank deposits are guaranteed beyond FDIC insurance amounts by State of CA Government Code Section 53600
• No exposure to Silicon Valley Bank as a counterparty bank in any of our Energy Product agreements
• No holdings of Silicon Valley Bank in our investment portfolio • Will continue to monitoring PCE payments to vendors to ensure no delay or concerns with those that may have had SVB as their deposit bank
8 Peninsula Clean Energy
FY 2022-2023 Q2 Financial Report
July 1, 2022 through December 31, 2022
Peninsula Clean Energy
FY 2022-2023 Year-to-Date Actual vs. Budget
Load Performance
• Total loads year-to-date are 1.3% below budget
o Commercial and Industrial loads are just at budget
o Residential loads are 4% below budget
10 (in kWh) Actual Budget Variance
Variance as %
Budget
Commercial and Industrial 1,010,247,538 1,001,729,259 8,518,279 0.85% Residential 737,494,177 769,176,966 (31,682,788) -4.12% Total 1,747,741,715 1,770,906,224 (23,164,509) -1.31%
Year-to-date (Q2 of FY 2022-2023)
Peninsula Clean Energy
Revenue – Year-to-Date Actual vs. Budget & Monthly Trend • Revenue
o Year-to-date revenue is $5.4M
below budget, or 2% under year-to
date budget
o Revenue underperformance is
driven mostly by residential loads
and revenues coming in under
budget
11 Revenue (Last 13 months)
Actual Budget Var Fav/(Unf)
Dec-21 $16.0 $17.1 ($1.1)
Jan-22 $15.1 $17.6 ($2.5)
Feb-22 $14.1 $16.0 ($1.9)
Mar-22 $14.7 $16.8 ($2.1)
Apr-22 $26.1 $15.5 $10.7
May-22 $29.5 $19.6 $9.9
Jun-22 $36.3 $23.3 $13.0
Jul-22 $35.0 $39.2 ($4.2)
Aug-22 $37.0 $41.1 ($4.1)
Sep-22 $41.4 $39.7 $1.7
Oct-22 $32.4 $33.8 ($1.4)
Nov-22 $33.8 $31.6 $2.2
Dec-22 $35.0 $35.2 ($0.2)
December-22
Month Revenue Comparison vs Budget (in Millions)
Peninsula Clean Energy
Cost of Energy – Year-to-Date Actual vs. Budget & Monthly Trend • Cost of Energy
o Year-to-date cost of energy
expenses are $13 million over
budget, or 9% over year-to-date
budget
o The months of September and
December had the highest energy
expenses and large unfavorable
variances from budget, given higher
energy costs in the market attributed
to the September heat events and
higher natural gas prices in
December
12 Cost of Energy (Last 13 months)
Actual Budget Var Fav/(Unf)
Dec-21 $18.8 $19.3 $0.5
Jan-22 $20.3 $18.8 ($1.5)
Feb-22 $17.6 $17.2 ($0.4)
Mar-22 $18.4 $16.9 ($1.5)
Apr-22 $19.5 $16.5 ($2.9)
May-22 $19.8 $17.6 ($2.2)
Jun-22 $23.6 $18.2 ($5.4)
Jul-22 $23.1 $23.7 $0.6
Aug-22 $25.7 $26.9 $1.2
Sep-22 $36.1 $26.7 ($9.4)
Oct-22 $19.1 $21.9 $2.8
Nov-22 $21.1 $21.5 $0.5
Dec-22 $31.4 $22.8 ($8.6)
December-22
Month COE Comparison vs Budget (in Millions)
Peninsula Clean Energy
FY 2022-23 Q2 Financial Performance – Year to Date Actual vs. Budget 13 Actual Budget
Variance Favorable /
(Unfavorable)
YTD Actual as % of
YTD Budget Budget
YTD Actual as % of
Full Year Budget

OPERATING REVENUES
Electricity Sales, net $ 213,645,027 $ 219,142,719 $ (5,497,691) 97.49% $ 364,961,141 58.54% Green electricity premium $ 1,536,690 $ 1,422,832 $ 113,858 108.00% $ 2,822,550 54.44% Total Operating Revenues $ 215,181,717 $ 220,565,551 $ (5,383,833) 97.56% $ 367,783,691 58.51%

OPERATING EXPENSES
Cost of energy $ 156,507,649 $ 143,578,411 $ (12,929,238) 109.01% $ 264,208,440 59.24% Staff compensation $ 3,704,773 $ 4,291,611 $ 586,838 86.33% $ 8,583,221 43.16% Data Manager $ 1,763,451 $ 1,800,000 $ 36,549 97.97% $ 3,600,000 48.98% Service Fees - PG&E $ 660,550 $ 675,000 $ 14,450 97.86% $ 1,350,000 48.93% Consultants & Professional Services $ 524,138 $ 829,094 $ 304,956 63.22% $ 1,431,813 36.61% Legal $ 723,873 $ 737,000 $ 13,127 98.22% $ 1,474,000 49.11% Communications and Noticing $ 589,182 $ 1,228,854 $ 639,672 47.95% $ 2,686,208 21.93% General and Administrative $ 1,132,987 $ 1,191,000 $ 58,013 95.13% $ 2,359,806 48.01% Community Energy Programs $ 1,931,850 $ 4,320,000 $ 2,388,150 44.72% $ 8,640,000 22.36% Depreciation $ 38,147 $ 48,000 $ 9,853 79.47% $ 96,000 39.74% Total Operating Expenses $ 167,576,601 $ 158,698,970 $ (8,877,632) 105.59% $ 294,429,488 56.92% Operating Income (Loss) $ 47,605,116 $ 61,866,581 $ (14,261,465) 76.95% $ 73,354,203 64.90% NON-OPERATING REVENUES (EXP.)
Total Nonoperating Income/(Expense) $ (548,347) $ 300,000 $ (848,347) -182.78% $ 600,000 -91.39% CHANGE IN NET POSITION $ 47,056,769 $ 62,166,581 $ (15,109,812) 75.69% $ 73,954,203 63.63% Year -to-date Full Year (FY 2022-2023)
Peninsula Clean Energy
Change in Net Position
Year-to-Date Actual vs. Budget
• Year-to-date Change in Net Position is healthy at $47 million, however, is under the year-to-date budget of $62 million • Higher than budget cost of energy expenses and softness in revenue performance year-to-date dampened actual change in net position 14 Actual Budget
Variance Favorable /
(Unfavorable)
YTD Actual as % of
YTD Budget

OPERATING REVENUES
Total Operating Revenues $ 215,181,717 $ 220,565,551 $ (5,383,833) 97.56%

OPERATING EXPENSES
Total Operating Expenses $ 167,576,601 $ 158,698,970 $ (8,877,632) 105.59% Operating Income (Loss) $ 47,605,116 $ 61,866,581 $ (14,261,465) 76.95% NON-OPERATING REVENUES (EXP.)
Total Nonoperating Income/(Expense) $ (548,347) $ 300,000 $ (848,347) -182.78% CHANGE IN NET POSITION $ 47,056,769 $ 62,166,581 $ (15,109,812) 75.69% Year -to-date
Peninsula Clean Energy
Cash Position
15 Actual December 31, 2022
Total Cash/Investments Balance $ 176,921,299
Restricted by Term/Covenant
Unrestricted Cash (per Approved Reserve Policy) $176,921,299 Days Cash on Hand (per Approved Reserve Policy) 219
Approved Reserve Policy (Days Cash on Hand) 180
Unrestricted Operating Reserve Requirement (180 Days) $ 145,198,104 Unrestricted Cash in Excess of Current Reserve Policy $31,723,195 Note: Days Cash on Hand based on full-year forecast of Operating Expenses Projected Impact of 2.1.2023 PCE Rate Change on
FY 2022-2023 Year End Results
Peninsula Clean Energy
Projected Impact of 2.1.2023 PCE Rate Change
on FY 2022-2023 Performance
• The PCE rate change that went into effect 2.1.2023 is projected to generate a $56.9 million positive variance in revenue when compared to the adopted budget • The rate change underpins the projected change in net position at the end of FY 2022-23 of $114 million, or $40 million more than the original budget change in net position of $74 million
• Also included in the FY 2022-2023 year-end financial projection o Actual financial performance year-to-date through December 2022 o Load forecast adjustment in second half of fiscal year to reflect actual load performance vs. budget in first half of year; commercial and industrial loads at budget and residential loads down 4% compared to budget
o Cost of energy expenses forecasted to be 8% above budget for the second half of the fiscal year, reflecting energy expenses in excess of budget in first half of year o Remaining expenses projected at monthly budget forecast for the second half of the fiscal year 17 Peninsula Clean Energy
Projected Impact of 2.1.2023 PCE Rate Change
on FY 2022-2023 Performance
18 FY 2022-2023 FY 2022-2023
Budget (FY) Forecast (FY)
Variance
Forecast vs. Budget
Favorable/(Unfavorable)

OPERATING REVENUES
Electricity Sales, net $ 364,961,141 $ 421,696,236 $ 56,735,095 Green electricity premium $ 2,822,550 $ 2,939,324 $ 116,774 $ 367,783,691 $ 424,635,560 $ 56,851,869
OPERATING EXPENSES $ -
Cost of energy $ 264,208,440 $ 287,763,345 $ (23,554,905) Staff compensation $ 8,583,221 $ 6,866,267 $ 1,716,954
Data Manager $ 3,600,000 $ 3,473,451 $ 126,549
Service Fees - PG&E $ 1,350,000 $ 1,290,550 $ 59,450
Consultants & Professional Services $ 1,431,813 $ 1,121,522 $ 310,291 Legal $ 1,474,000 $ 1,516,623 $ (42,623)
Communications and Noticing $ 2,686,208 $ 1,541,761 $ 1,144,447 General and Administrative $ 2,359,806 $ 2,277,867 $ 81,939 Community Energy Programs $ 8,640,000 $ 4,198,590 $ 4,441,410 Depreciation $ 96,000 $ 86,147 $ 9,853
Total Operating Expenses $ 294,429,488 $ 310,136,125 $ (15,706,637) Operating Income (Loss) $ 73,354,203 $ 114,499,435 $ 41,145,232 NON-OPERATING REVENUES (EXP.) $ -
Total Nonoperating Income/(Expense) $ 600,000 $ (98,347) $ (698,347) $ -
CHANGE IN NET POSITION $ 73,954,203 $ 114,401,088 $ 40,446,885 Discussion Framework for Budget Variances
Peninsula Clean Energy
Budget Variances – Framework to Discuss Budget Variances • Key Considerations when viewing and discussing budget variances o Timing - of budget and projection development, adoption, and comparing actual performance vs. budget or projections
o Nature of the variance - positive or negative, one-time or structural o Tools to address variances - What tools do we currently use and what else can we develop and use to address such variances
20 Peninsula Clean Energy
Budget Variances – Timing
Framework to Discuss Budget Variances
• Annual Budget and four additional years of financial projections are adopted by the PCE Board in June of each year
o Provides a snapshot in time of our projected revenues and expenses for the next 12 months – and a projection of our full financial picture over an additional four-year period
o The basis for these revenue projections are grounded in our assumptions on forecasted loads and rates, and the fundamental basis for our expenditure projections is driven by cost of energy – a point in time view, that is assessed at quarterly variance reporting periods
21 Peninsula Clean Energy
Budget Variances – Nature of Variances
Framework to Discuss Budget Variances
• Nature of Variances – Revenues or Expenses; Favorable or Unfavorable o Revenue Side –
o Rates - PG&E Generation Rate assumptions, PCIA rate assumptions o Load Forecast – assumptions
o Expenditure Side –
o Cost of Energy – Significant market price fluctuations that may be seasonally or weather driven, or other external factors that swing significantly o Ability to expend budget at a pace that was projected • Nature of Variances - One-time vs. Structural
o Are these variances one time – or are they ongoing and structural? Do we shift our underlying assumptions, if so, when and how?
22 Peninsula Clean Energy
Budget Variances – Tools to Address Variances
Framework to Discuss Budget Variances
• Tools to address variances
o Regular variance reporting
o Cash position
o Budget contingencies
o Mid-year budget adjustments
o Multi-year financial forecasts, adjustments to, sensitivity scenario planning o Rate changes
o Rate Stabilization Funds, Rate Setting Framework that may be different from what is in place today
• Further Discussion and use of these tools in PCE’s budget development process – Next Audit and Finance Committee Meeting May 8, 2023 23 Building Electrification Strategy
Executive Committee
March 13, 2023
Peninsula Clean Energy
Agenda
25 2035 Decarbonization Analysis
Building Electrification v2
Home Upgrade Program Status
Home Upgrade v2
Peninsula Clean Energy
Programs Portfolio
26 Peninsula Clean Energy
2035: PCE Scope
• Primary Scope
o Transportation
o private passenger, local gov & small commercial fleets, o ride-hailing, alternative mobility
o Buildings
o residential (single family & small multifamily),
o Office (incl. local gov.), small commercial
• Not in scope, or limited* (others lead)
o Transportation: heavy-duty vehicles, off-road
o Buildings: industrial, large commercial*, large multifamily* o Non-energy: land-use, compost, stationary sources, landfills o Out of territory: SF airport
o Embedded carbon, Climate Adaptation, Sequestration/restoration 27 Peninsula Clean Energy
2035: Buildings Electrification

1. Flexible Incentives
o All measures, incl. prewiring and panels
o Broader building segments
o Integrated load shaping & solar+storage
options

2. High touch support
o Advanced “right-sizing” design
o One-stop shop, hotline assist, turnkey option
o Procurement aggregation to lower costs
o Greater contractor support

3. Links to Finance
o Specific linkages by customer segment
28 Building Electrification v2
Goals and Architecture
29 2035 DECARBONIZATION ANALYSIS

RESULTS REFRESHER
Peninsula Clean Energy
What we have
• Rebates
• Loan
• Home upgrade
30 Peninsula Clean Energy
Needs for Building Electrification 2.0 (“BE v2”)
• Current program provides incentives but minimal guidance/support • Updated program needs to address barriers customers face o Especially important to ensure city councils are comfortable adopting existing buildings reach codes
• Customer challenges include:
o Lack of clear information
o Difficulty selecting contractors and equipment
o Technically complicated installations
o Emergency replacements
o Limited time and money
Peninsula Clean Energy
Types of Residential Customers - Profiles
• "I want to choose“/DIY
o We need to take action on climate
o I’m interested in technology
o I like sorting it out myself
• “Just get it done”
o I’m busy (single parent)
o My water heater went out and I need one immediately
• "I cannot afford this"
o I’ve been without heating the last two years. My home has lots of problems.
o I don’t have the time or funds
| 32
Peninsula Clean Energy
Residential Programs – BE v2
33 Rebates
One-Stop Website Turnkey install option Finance Options Contractor
network
Info &
education
Why, how,
rebates, etc.

Appliance
marketplace
Energy
calculator
Retail
Partners
Load
Shaping
PV +
Storage
Bulk buy
Workforce
development
Pilot tech
PCE financing
Third-party
financing
Appliance
install
Emergency
loaner
Whole home
pre-wiring Bulk buy
Dev supply
chain
Brick &
mortar
presence
CPUC Flex market PCE rebates BayREN
rebates
IRA
rebates
CEC
rebates
Hotline
Program
navigation
Project
planning
Technical
guidance
“I want to choose”
(DIY or self-managed)
“Just get it done” &
“It’s an emergency”
"I cannot afford this"
(low income)
Peninsula Clean Energy
• RFP
• Future PCE scope
• PCE Internal
Residential Programs – BE v2
34 One-Stop Website Turnkey install option Finance Options Contractor
network
Info &
education
Why, how,
rebates, etc.

Appliance
marketplace
Energy
calculator
Retail
Partners
Load
Shaping
PV +
Storage
Bulk buy
Workforce
development
Pilot tech
PCE financing
Third-party
financing
Appliance
install
Emergency
loaner
Whole home
planning Bulk buy
Dev supply
chain
Brick &
mortar
presence
Hotline
Program
navigation
Project
planning
Technical
guidance
Rebates
CPUC Flex market PCE rebates BayREN
rebates
IRA
rebates
CEC
rebates
Peninsula Clean Energy
First Priorities: One-Stop-Shop Website, Turnkey, Hotline • One-stop-shop website v1
a) Info & education: why, how, rebates
• Turnkey install
a) Direct install electrician and contractor
b) Gas WH loaner unit
o Supports emergency replacements
o Essential for deeper existing building reach codes
c) Point of sale finance option (OBF &/or 3rd pty)
• Hotline
a) Customer call support for
o basic program participation
o navigating PCE & other support
o basic project process
o technical support
b) Whole home electrification planning
35 Peninsula Clean Energy 36
Dedicated
contractors
Specifically
trained
Whole home
experience
Bulk buy
discounts
Virtual Power
Plant (VPP)
Pilot new
tech
Dedicated workforce can
support turnkey projects for
non-low-income customers
Equipment discounts
available to all
customers
Advanced designs
inform program
improvements
Home Upgrade Program Components
Dedicated workforce Embedded innovation
Leveraging Home Upgrade
Advanced
designs
Home Upgrade v2
37 2035 DECARBONIZATION ANALYSIS

RESULTS REFRESHER
Peninsula Clean Energy
Vision for Home Upgrade v2
38 Scale to Whole Home Increase Homes Impacted per Year Capture Federal & State Incentives Integrate with Turnkey Offering Develop VPP Peninsula Clean Energy
Whole homes & more of them
39 Scale to Whole Home Increase Homes Impacted per Year Electrification Cost
Water Heating (includes 240V circuit) $6,100
Space Heating $20,700
Cooking $1,098
Clothes Drying $925
Total $28,823
Panel, if required $3,700
Total non-optimized cost $32,523
Minor home repair $1,500
Estimated Average for Home Upgrade $31,500
250homes per year
Minimum to enable dedicated workforce
Aligns with 2035 analysis
Peninsula Clean Energy
Planning ahead to Capture Fed/State Incentives
Planning to integrate with
CPUC FLEXmarket
o $2,500 per home
CEC building decarb
funding being planned
currently
o $600m fund
Inflation Reduction Act
funds should come online in
late 2023/early 2024
o $10,000 per home
Capture Federal & State Incentives 40
Peninsula Clean Energy
Prospective Budget Leveraging Fed/State Funds
41 $1.6m
$4.3m
$4.6m
$26.2m
$15.6m
Total Program Cost CPUC Flexmarket CEC Equitable Building Decarb
Inflation Reduction Act
Rebates
Remaining
Prospective 3-Year Budget for Turnkey Install & Hotline* $16-19m
$23-27m
*Most of the cost would be for the expanded Home Upgrade program to fully electrify 650 low-income homes. Non-low-income turnkey and hotline services is estimated at $900,000-$1,300,000 but will depend on services and volume. More detailed budget estimates will be developed based on proposals received in a competitive procurement process.

Peninsula Clean Energy
2023 2024 2025 2026
Approximate Timeline and Plan
42 First RHA
Contract
(Home Upgrade)
RFP Process Turnkey install and hotline program (including Home Upgrade v2) Building Electrification 2.0
March July
Feb Dec Jan
Jan
Inflation Reduction Act Incentives
State incentives
RHA Contract Amendment
(Home Upgrade)
March June
Develop one-stop
shop website v1
One-stop shop
website v2
One-stop shop
website v3
Discussion on BAAQMD
Proposed Amendments to
Rule 9-4 and 9-6
Peninsula Clean Energy
Background
• Rule 9-4: Nitrogen Oxides from Fan Type Residential Central Furnaces
o New rule affecting residential and commercial space heating proposed to take effect on January 1, 2029
• Rule 9-6: Nitrogen Oxides Emissions from Natural Gas-Fired Boilers and Water Heaters
o New rule affecting residential water heaters proposed to take effect on January 1, 2027
o New rule affecting commercial and multi-family water heaters proposed to take effect on January 1, 2031
44 Peninsula Clean Energy
Discussion
• Proposed rules are consistent with PCE Board approved Legislative and Regulatory Policy Platform
o II. a. Advocate for and support policy efforts to accelerate decarbonization of the energy sector, transportation, and the built environment. • Seeking concurrence from Executive Committee with regard to submitting a formal letter of support with regard to these two proposed rules
45 Strategic Plan, Policies #9
and #10 Proposed Edits
Peninsula Clean Energy
Agenda
• Background: DEAI Scope of Work
• Proposed edits to Strategic Plan
• Proposed edits to Policy #9
• Proposed edits to Policy #10
47 Peninsula Clean Energy
DEAI Scope of Work

1. Review Relevant DEAI Legislation and Regulatory
Requirements (complete)

2. Conduct DEAI organizational needs assessment (complete)

3. Create organizational DEAI Policy (complete)

4. Update relevant organizational policies (in progress)

5. DEAI Action Plan: departmental goals and metrics to
operationalize DEAI (in progress)
48 Peninsula Clean Energy
Proposed Edits to Strategic Plan
49 Proposing edits to Organizational Excellence pillar:
• Current: Ensure organizational excellence by adhering to sustainable business practices and fostering a workplace culture of innovation, diversity, transparency, and integrity.
• Proposed Change: Ensure organizational excellence by adhering to sustainable business practices and fostering a workplace culture of innovation, diversity, equity, accessibility, inclusion, transparency, and integrity.

Peninsula Clean Energy
Proposed Edits to Policy #9
• Policy originally approved November 17, 2016
• Current title: Ethical Vendor Standards
• Proposed new title: Ethical Procurement Standards
• Focus of policy had broadened to include staff’s procurement conduct • Borrowed from San Mateo County Code of Ethical Conduct:

Procurement Ethics
50 Peninsula Clean Energy
Proposed Edits to Policy #9 Continued
• Proposed revised policy has the addition of the following sections:
o Sustainability and Social Responsibility
o Transparency
o Confidentiality
o Impartiality
o Professionalism
o Compliance
o Accountability
51 Peninsula Clean Energy
Proposed Edits to Policy #10
• Policy originally approved December 15, 2016, updated October 25, 2018
• Updated formatting for easier policy navigation
• Reformatting of and additions to Policy Statement under Section 1 • Revisions to Section 2b: Supply Chain:
o Revised Item 4: request info on diverse business ownership o Revised Item 6: encourage reporting on inclusivity in business staff o Added Item 7, Supply Chain Code of Conduct
52 Peninsula Clean Energy
Attachment A: Supply Chain Code of Conduct
• Derived from principles of UN, International Labour Organization (ILO), solar and business social responsibility organizations
• Sections:
o Freely Chosen Employment
o Young Workers
o Working Hours
o Wages and Benefits
o Humane Treatment
o Non-Discrimination/Non-Harassment
o Freedom of Association
o Restricted Jurisdictions
53 Peninsula Clean Energy
Proposed Edits to Policy #10 Cont.
• Addition of the City of Los Banos/Merced County/Central Valley:
o In Section 2c: Inclusive Business Practices
o When defining ”local” in Section 3b: Sustainable Workforce Objectives • Modification of “shall require” to “shall use best efforts to require” in second to last sentence of Section 3d
• Modification of apprenticeship requirement from 20% to 25% in Section 3d
54 Peninsula Clean Energy
Proposed Edits to Policy #10 Cont.
• Removal of entire section/paragraph on PCE Feed-In Tariff Price Projects
• Renaming Section 3e to Peninsula Clean Energy Programs, updating rest of this section to reference energy programs
• Removal of the language “including proper assignment of work to crafts that traditionally perform the work” from Section 3e 55 Peninsula Clean Energy
Meetings with Labor, January 25th and March 6th
• Peninsula Clean Energy staff met with labor to discuss proposed edits to Section 3d of Policy #10
• Outcomes of first meeting with labor:

1. Peninsula Clean Energy staff proposed retaining the proposed edits for “shall use best efforts” language to present to EC for their guidance and consideration.

2. Conduct further research on the IRA’s apprenticeship requirements to receive full tax credits
• Met again on 3/6, Labor reiterated concerns with proposed revision 56 Peninsula Clean Energy
IRA Apprenticeship Requirements
• Described in IRS Notice 2022-61
• Different kinds of apprenticeship requirements:

1. Apprenticeship Labor Hour Requirements

2. Apprenticeship Ratio Requirements

3. Apprenticeship Participation Requirements
57 Peninsula Clean Energy
Recommendation
Recommend Approval to the Board of Directors of Diversity, Equity, Accessibility, and Inclusion (DEAI)- Related Amendments to the Strategic Plan and Policy #9 and #10
58 Committee Members’ Reports
Item 8

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