WestLight Energy Executive Committee
May 8, 2023

Executive Committee Meeting
May 8, 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 1
CEO Report
Item 2
Peninsula Clean Energy
Open Positions
Currently posted:
oPower Resources Analyst / Specialist
oSummer Internships (open until May 12)
oAccount Services Specialist
Coming soon:
oSenior Manager, Local Power Development
5 Peninsula Clean Energy
CalCCA Annual Conference
• “Powered by Community”
• May 17-19 in San Diego, CA
o Friday, May 19 elected officials’ luncheon
• Board Members are encouraged to attend; please let Nelly know of your interest in attending
6 PG&E June 1 , 2023 Rate
Change
Executive Committee Discussion
May 8, 2023
Peninsula Clean Energy
What are we expecting on June 1?
• PG&E will have a rate change on June 1, 2023 that will impact both T&D and Generation rates
• System wide average increase projection for T&D is 1.6 cents and Generation is 0.3 cents ($0.016 and $0.003 respectively) • Structural changes occurring with TOU-C to increase Peak/Off Peak differential pricing
• TOU-C changes are from 2020 GRC Phase 2 decision and new differential will be in place for the next 12 months
8 Peninsula Clean Energy
TOU-C Changes
• TOU-C was intentionally introduced with mild Peak/Off Peak price differentials with a plan to phase in greater differentials over time • New Generation Differentials starting June 1. 2023 will be Summer $0.06354 and Winter $0.02503
9 E-TOU-C Generation Rates
Peak Off Peak Differential
Summer $0.20433 $0.15089 $0.05344
Winter $0.15557 $0.14054 $0.01503
Peninsula Clean Energy
TOU-C Impacts
• Differentials will increase, but how those increases will be weighted between Peak/Off Peak will not be known until detailed tariffs are published at the end of the month
• ~164K customers are currently have E-TOU-C as their rate schedule and it’s the default rate schedule for new residential accounts. • Impacts to PCE revenues are unknown but the changes are intended to be ‘revenue neutral’ across PG&E’s customer base.
10 Peninsula Clean Energy
Other Rate Changes June 1
• PG&E has not shared specifics beyond TOU-C changes
• Expecting some other rates may have adjustments as well, but most significant changes will be to TOU-C
11 Financial Diversification Strategy
Discussion
Item 4
Peninsula Clean Energy
Cash Balances as of May 5, 2023
As of May 5, 2023
First Republic $15.4 million
Fidelity $50.1 million
Wilmington $46.4 million
US Bank $125.7 million
Schwab -0-
Total $237.6 million
Committee Members’ Reports
Item 5