Presentation — WestLight Energy Board of Directors, January 25, 2024

Peninsula Clean Energy
Board of Directors Regular Meeting
January 25, 2024
Peninsula Clean Energy
Agenda
• Call to Order / Roll Call
• Public Comment (for items not on the Agenda)
o Please note, send any chats to Board Clerk, Nelly Wogberg • Action to set the Agenda and Approve Consent Items 1-2 o Consent - Public Comment
• Regular Agenda
• Adjournment
Chair Report (Discussion)
CEO Report (Discussion)
Peninsula Clean Energy
CEO Report: Surplus Fund Follow Up
• Positive feedback on social media and in the press
• Next steps for local governments
o Email out to cities re: Local government electrification loan & grant program and member agency energy grants
o These programs can be used together if desired (noting 25% match for LGEP) o Updating member agency load/customer size for energy grant allocations o Informational webinar in mid-February with your staff to review grant guidelines and application process; project applications will be available at that time o Late March/April – begin reviewing applications and releasing funds on a rolling basis
o Per Board approval, energy grants must be spent within 24 months of receipt 5 Peninsula Clean Energy
C-Suite Updates – 2024 Key Initiatives
C-Suite
• Cost of service rate setting
• Revenue stream expansion
• PCE 2.0 organizational devt./prep for strategic plan update in 2025 • Managed growth strategy – mainly related to staffing
• Implement an enterprise/energy risk management function • Prep for 2025 shift to 100% renewable default service and new voluntary product offering • Shift toward customer-focused decision-making, program design and marketing approach Power Services
• Update 24/7 hourly matching goal and strategy
• Integrated Resource Plan
• Strategic Question – To own or not to own?
6 Peninsula Clean Energy
C-Suite Updates – 2024 Key Initiatives
Programs
• Implement Elements of BEV2 – turnkey services, electrification concierge, "one-stop-shop" • Implement GovPV Round 2
• Develop and begin implementation of DER/DR plan
Account Services
• Prepare and implement in-house customer service center (pending final Board approval) • Commercial load expansion
Marketing & Community Outreach
• Update brand strategy and launch awareness and electrification campaigns, including updated website and overall “look and feel”
• Work with leadership on phase out of ECOPlus and adoption of second service offering 7 Peninsula Clean Energy
C-Suite Updates – 2024 Key Initiatives
Data/IT:
• Improve access and utility of data analytics, visualization and reporting • IT enhancements for increased cybersecurity, risk preparedness Regulatory/Legislative Policy
• Design/implement PCE Federal Initiative (DOE, congressional earmarks, et al) • Apply to administer CPUC EE funds
• Regulatory focus on more affordable rates to support electrification/decarbonization 8 Peninsula Clean Energy
CEO Report: Board Retreat Follow Up Items
Power Services
• Power Project Ownership Discussion - February
• Amended 24/7 Hourly target and Strategy and Approach– March Account Services
• Plan for In-House Customer Service Center – February ExCom/April or May to Board Programs
• DR/DER Program Implementation Plan – April
Other upcoming
• Cost of Service rate setting discussions (March – June) • Eco100 as 2025 default offering; plan for shift to 100% RE on an annual basis (summer) 9 Peninsula Clean Energy
CEO Report: 9th Circuit Ruling/Reach Codes/BAAQMD
• Court ruling in early January made City of Berkeley’s gas ban essentially unenforceable.
• While not entirely analagous, cities are making determinations on implications for their local reach codes; alternate code models are available.
• W/R/T BAAQMD’s gas water heater/furnace phase out, PCE is continuing coordination with Bay Area CCAs and in dialogue with BAAQMD on technical and communication considerations.
10 Peninsula Clean Energy
CEO Report: GovPV 1 Update
• San Carlos Youth Center solar is live!
o 30 kW system
o Lifetime savings: $260,000+
• Next Up: Millbrae, Hillsborough and Pacifica are close; waiting on PG&E to issue PTO (permission to operate)
• GovPV Round 2: Plan and Contract approval on today’s agenda 11 Peninsula Clean Energy
CEO Report: Cal-CCA Board Update
Approved moving forward with State appellate court appeal re: CPUC Jurisdictional Boundary. Cal-CCA asserts that:

1. The Commission exceeds the boundaries of its jurisdiction over local governments’ implementation of CCA programs and does not have express authority to restrict CCA expansion based on RA noncompliance;

2. The Commission’s ability to enforce its express RA authority does not allow the infringement of the statutory rights for CCA implementation/expansion; and,

3. The Commission has failed to proceed in the manner required by law by stepping outside of its jurisdiction.

Approved filing of RA comments in RA Scoping memo. Cal-CCA requests several revisions including, among others:

1. Request that FERC investigate the resource adequacy (RA) capacity market to ensure just and reasonable wholesale market rates;

2. Modify the timing of penalty assessments to extend year-ahead and month-ahead RA cure periods; and,

3. Adopt a temporary waiver process for system and flexible RA to ensure a smooth transition through the slice-of-day (SOD) compliance years
12 Peninsula Clean Energy
CEO Report: CCPower Board Update
At its January meeting, the Board adopted Resolution 24-01-04, Approval of California Community Power Exploration and Solicitation for Build-Own-Transfer Projects. • This resolution authorizes CC Power to formulate, study and execute a project, if sufficient members participate to cover costs, not to exceed $440,000 for Phase 1 investigation. • Project authorization follows from discussions about the Inflation Reduction Act and possible CCA benefits available from a Build-Own-Transfer project, for which any willing CC Power members could pursue project ownership and bond issuance through CC Power.
• Board action only authorizes exploration of project bids through a competitive solicitation, yielding a short-list of candidate projects.
• After a short-list is determined, the CCPower Board may consider further actions regarding shortlisted projects. • In summary, PCE voted to allow CCPower to proceed with Phase 1 exploration of BOT option on a cost-share basis with a maximum out of pocket of ~$70,000, after which we would decide if and in what project PCE might want to participate. Nothing is determined as yet.
13 Peninsula Clean Energy
Legislative Update
• Assemblymember Cottie Petrie-Norris (D-Irvine)
named Chair of the Assembly Committee on Utilities
and Energy
• Sen. Mike McGuire (D-Healdsburg) will become Pro
Tem on February 5
• State budget deficit for 2023-24 projected by LAO as
reaching $68 billion
14 Peninsula Clean Energy
Staffing Update
• Welcome Chris Duarte our Senior IT Engineer!
15 Peninsula Clean Energy
Currently Posted Positions
Please help us spread the word!
• Associate Programs Manager, Energy Programs
• Sr Specialist / Associate Programs Manager,
Building Electrification
• Risk Manager
• Senior Human Resources Specialist
• Community Outreach Specialist
• Senior Manager of Innovation Strategy
https://www.peninsulacleanenergy.com/join-our-team
Peninsula Clean Energy
February Meetings
• Citizens Advisory Committee:
o Thursday, February 8 at 6:30 p.m.
• Audit and Finance Committee:
o Next meeting on February 12 at 8:30 a.m.
• Executive Committee:
o Monday, February 12 at 10:00 a.m.
• Board of Directors:
o Thursday, February 22 at 6:30 pm
CAC Report (Discussion)
2024 Rate Update
Discussion
Peninsula Clean Energy
Item Agenda
• 2024 Rate Analysis
• PCE Financial Impact
• PCE Customer Impact
• Staff Recommendation
20 Peninsula Clean Energy
2024 Rate Analysis
• PG&E Gen Rates increased significantly more than initially forecast o Initial PCE forecast assumed <1% rate change for PCE in Jan 2024 o System wide rates increased ~15%
o Includes 6-month under-collection recapture
• Staff updated PCE ‘24 financial forecast to run various discount scenarios
o Increased energy costs primarily due to RA and increased contingency • Ran scenarios for three discount options through June 2024 • Standard 5%, 10%, no rate change
21 Peninsula Clean Energy
Days Cash on Hand (DCOH)
22 329 322
333 325
276
264 273 266
0 50
100
150
200
250
300
350
Updated Forecast No Rate Change
through June
Standard PG&E 5%
Discount
10% Discount through
June
Jun-24 Dec-24
180 days
250 days
Reserve Target
Peninsula Clean Energy
Change in Net Position CY2024
$43.7
$28.8
$40.5
$32.0
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0
Forecast Update No Rate Change through
June
Standard 5% Discount
from PG&E through June
10% Discount through
June
Peninsula Clean Energy
Customer Impact of Maintaining 2023 Rates
• Relative discount compared to PG&E increases across almost all rate periods
24 Customer Rate Season Time of Use
Period PCE 2023 Rate
2023 PCE Rate
+ Jan 2024
Surcharges
PG&E Jan 2024
Bundled
Generation
% Differential
E-TOU-C Summer On Peak 0.19586 0.20789 0.23139 10%
E-TOU-C Summer Off-Peak 0.13559 0.14762 0.16795 12%
E-TOU-C Winter On Peak 0.14969 0.16172 0.1828 12%
E-TOU-C Winter Off-Peak 0.12591 0.13794 0.15777 13%
Peninsula Clean Energy
Customer Impact of Maintaining 2023 Rates
• Helps to mitigate significant increases implemented by PG&E for delivery charges
• PCE system-wide savings of 10-15% compared to PG&E
o Individual customer savings depends on rate schedule and how energy is consumed
• ~$7 per month savings for average SMC residential customer, up from ~$3 per month
o Monthly savings in Los Banos is higher (~$17 per month) because of different energy use profiles and different PCIA Vintage
25 Peninsula Clean Energy
Staff Recommendation
• Hold PCE rates at 2023 levels through June 2024 with the exception of Super Off-Peak rate periods for B19 and B20 and AG5 Summer Demand; for these rate classes, staff is recommending adjusting to be at parity with PG&E.
• Staff will return in June to discuss and propose rates following PG&E’s next generation change on July 1, 2024
26 Authorize Energy Storage Tolling
Agreement for the Wallace
Energy Storage Project
Roy Xu, Director of Power Resources
Sara Maatta, Power Resources Manager
January 25, 2024
Peninsula Clean Energy
Recommendation
Approve Resolution Delegating Authority to Chief Executive Officer to Execute an Energy Storage Tolling Agreement (ESTA) for the Wallace Energy Storage Project with ESCA-PLD-LONGBEACH2, LLC, and any necessary ancillary documents with a Delivery Term of 20 years starting at the Commercial Operation Date on or about June 1, 2026, in an amount not to exceed $211 million.
28 Peninsula Clean Energy
Item Agenda

1. Background

2. Project Overview

3. Expected Operations and Fit in Portfolio

4. CPUC Mid-Term Reliability Procurement Mandate

5. Recommendation
29 Background
Peninsula Clean Energy
2023 Request for Offers (RFO)
• 28 Respondents offered 58 projects
• The Wallace Energy Storage Project was shortlisted for its desirable attributes and overall value to Peninsula Clean Energy
• Negotiation on the Energy Storage Tolling Agreement started in early 2023, and all major terms have been agreed upon by both parties
• The Wallace project, if approved, will be the fourth standalone storage resource to be added to Peninsula Clean Energy’s portfolio
• With the current resource fleet in Peninsula Clean Energy's portfolio, additional storage capacity is needed to optimize our overall portfolio and to serve customers' load more economically
31 Peninsula Clean Energy
Timing Consideration on Approval
• Original Plan: Seek approval at the Feb. 2024 Board Meeting (2/22/24) after the ESTA is finalized.
• The Project faces a deadline of 2/14/24 to submit an executed ESTA to the CAISO in order to receive higher priority in CAISO’s deliverability allocation process. o A deliverability allocation is required in order for the project to provide resource adequacy. • Current Approach:

1. Seek authorization to execute the ESTA at the Jan. 2024 Board Meeting;

2. Finalize the ESTA in the coming weeks under terms consistent with those approved by Board tonight

3. Execute the ESTA prior to 2/14/24;

4. Provide an informational report in the Feb. 2024 Board package to update the Board on the status of the execution and include a redacted ESTA.
32 Project Overview
Peninsula Clean Energy
Wallace Energy Storage – Project Overview
Project Owner ESCA-PLD-LONGBEACH2, LLC
Developer Prologis Energy (subsidiary of Prologis Inc.) Location Long Beach, CA
(Los Angeles County)
Technology Lithium-ion battery (4-hour)
Capacity 55 MW / 220 MWh
Term 20 years
Delivery Start June 1, 2026
Project Site Located in a DAC. The site is an existing 2- acre paved parking lot, zoned for industrial
use. The project is consistent with local
zoning and general plan designations.

Wallace Energy Storage Project Vicinity Map
Peninsula Clean Energy
Energy Storage Tolling Agreement (ESTA) Structure
• Pay for 55 MW of capacity at a
fixed $/kilowatt-month rate, no
escalation
• Contract term: 20 years
• Peninsula Clean Energy will be
the Scheduling Coordinator
• Peninsula Clean Energy is
entitled to all products and
attributes from the facility
35 Storage Capacity (Charging
and Discharging)
Resource Adequacy
Ancillary Services
Mid-term Reliability
Compliance
Peninsula Clean Energy
Developer – Prologis, Inc.
• The Wallace Energy
Storage Project is being
developed by Prologis
Energy, LLC, a subsidiary of
Prologis, Inc.
• Prologis, Inc (NYSE: PLD)
is a publicly traded real
estate investment trust and
the world's largest owner
and operator of logistics real
estate
36 Credit
Rating: A
from S&P
Market
Cap: $110
Billion
Developed
Renewable
& Storage
Capacity:
530MW
across 19
countries
Developing
7,500MW
of large
scale
storage and
250 MW of
rooftop
solar in the
U.S.

Peninsula Clean Energy
Labor
• Prologis has agreed that the construction of the project will be conducted using a project labor agreement, or similar agreement, providing for terms and conditions of employment with applicable labor organizations
37 Peninsula Clean Energy
Environmental Review
• The Wallace project is not located in a protected area based on the USGS Protected Areas Database (PAD-US)
o The site is an existing parking lot in an urban area, the site has no value as habitat for endangered, rare, or threatened species.
• The project has completed a Phase 1 ESA and does not have any significant impacts relating to traffic, noise, air or water quality. The project is expected to be CEQA exempt, as it is considered in-fill development.
38 Expected Operations and
Fit In Portfolio
Peninsula Clean Energy
Battery Charge/Discharge Profile (2027)
40 5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
5 10 15 20
ώ40
ώ20
0 20
40 60
Hou r Hou r Hou r Hou r
MWh MWh MWh
Mo nth=Se p Mo nth=Oct Mo nth=Nov Mo nth=De c
Mo nth=Ma y Mo nth=Ju n Mo nth=Jul Mo nth=Au g
Mo nth=Ja n Mo nth=Fe b Mo nth=Ma r Mo nth=Ap r
Peninsula Clean Energy
Contribution to Portfolio - Seasonal (2027)
41 −100
0 100
200
300
400
500
600
700
800
5 10 15 20 −100
0 100
200
300
400
500
600
700
800
5 10 15 20
Existing Contracts
Wallace Storage
Load
Hour Hour
MWh MWh
Spring Summer
Fall Winter
CPUC Mid-Term Reliability
Procurement Mandate
Peninsula Clean Energy
Procurement Category 2023 2024 2025 2026 2027 2028 Total New Generic Capacity 38 113 51.4 35 35 - 272.4
Zero-emissions generation, generation paired with
storage, or demand response resources2
- - 47 - - - 47
New firm zero-emitting resources - - - - - 19 19
New long-duration storage resources3 - - - - - 19 19
Total Annual Net Qualifying Capacity (NQC) Requirements 38 113 51.4 35 35 38 310.4 Peninsula Clean Energy MTR Requirement
43 1. Obligation is in NQC MW (not nameplate) and subject to ELCC factor

2. Zero-emissions resources required to replace Diablo Canyon must be procured by 2025 and are a subset of New Capacity Required and may occur in any of the years 2023-2025; therefore, this row is now additive with the others.

3. Minimum 8-hour discharge
Procurement Obligation in NQC1 MW for Peninsula Clean Energy by Category and Year (Wallace Energy Storage project will contribute toward the 2026 MTR requirement) Recommendation
Peninsula Clean Energy
Recommendation
Approve Resolution Delegating Authority to Chief Executive Officer to Execute an Energy Storage Tolling Agreement (ESTA) for the Wallace Energy Storage Project with ESCA-PLD-LONGBEACH2, LLC, and any necessary ancillary documents with a Delivery Term of 20 years starting at the Commercial Operation Date on or about June 1, 2026, in an amount not to exceed $211 million.
45 Solar and Storage for
Public Buildings
January 25, 2024
| 46
Peninsula Clean Energy
Recommendation (2 actions)

1. Delegate Authority to Chief Executive Officer to Execute Engineering, Procurement, and Construction (EPC) Contract with McMillan Electric in an amount not to exceed $23,000,000 for the deployment of local solar systems on public buildings.

1. Project development - designs, analysis, and procurement

2. Group purchase – Projects to get better pricing

3. Finance via Power Purchase Agreement - No upfront cost, low cost of capital

4. At-cost service - No profit motive, transparent process 50 Peninsula Clean Energy
Contract Structure
• PCE executes an Engineering, Procurement, and Construction (EPC) contract for equipment • PCE owns and operates resources
• PCE has a PPA for each facility for the solar production from the equipment (battery terms TBD) 51 Peninsula Clean Energy
Broader Strategy Concept: Model for local renewables
Initial
business
model
Incorporate
battery
systems
Explore
other
segments
Add
electrification
52 Peninsula Clean Energy
Round 1 Status: Installations In-Progress
53 • 1.7 MW across 12 sites
• Two systems live: Brisbane, San Carlos
• 3 sites to add batteries, after solar completed
• Lifetime customer savings: $15+ million
San Carlos Youth Center

29.5 kW
Brisbane Mission Blue Center
Ribbon Cutting – Oct. 2nd
Round 2 Background
54 Peninsula Clean Energy
Background: Round 2
• Accelerated due to NEM 2 phase out (replaced by Net Billing Tariff) • Includes non-member public agencies
• Round 2 divided into 2 sub-groups
o 2a: 33 sites, solar-only projects immediately economical, 4.5 MW o 2b: 9 sites, solar and storage, up to 12 MW solar and 6 MWh of batteries • Round 2a customer savings
o $36+ million (simple savings)
o $22+ million (net present value)
55 Peninsula Clean Energy 56
Round 2a Portfolio
Agency Name Facility name Porfolio Rooftop
(DC)
Carport
(DC)
Ground
Mount
(DC)
Est. Solar
(kWdc)
Brisbane Brisbane Library A 33 33
Colma Police Department A 22 163 185
Colma Town Hall A 102 102
Daly City Bayshore Community Center A 46 25 71
Daly City Fire Station 94 A 37 37
Daly City Fleet Maintenance A 58 50 108
Daly City Reservoir 5B A 110 110
Daly City Serramonte Library A 100 100
Half Moon Bay City Hall + parking lot A 464 464
Half Moon Bay SMC sheriffs sub station A 205 205
Menlo Park
Belle Haven Child Development
Center A 73 73
Menlo Park Burgess Aquatic Center A 15 22 54
Menlo Park City Council Chambers A 33 33
Menlo Park Main library A 54 54
Menlo Park Fire Fire Station 2 A 379 379
Menlo Park Fire Fire Station 4 A 229 229
Menlo Park Fire Fire Station 77 A 36 36
Millbrae Millbrae Corp Yard A 45 45
Pacifica
Calera Creek Water Recycling
Plant A 34 34
Pacifica Pacifica Civic Center A 23 105 100
San Carlos
San Carlos Adult Community
Center A 60 40 100
San Carlos San Carlos Library A 723 723
San Mateo Beresford Rec Center A 43 358 401
San Mateo Corp Yard (parking lot) A 245 422 667
San Mateo Corp Yard (parking lot) A 42 42
San Mateo MLK Jr. Rec Center A 60 69 129
San Mateo Police Station A 44 44
San Mateo Poplar Golf Course facility A 48 48
San Mateo County San Mateo County Wellness Ctr A 48 48
San Mateo County Office of Ed. Main Office A 81 89 170
South San Francisco Corp Yard A 76 76
South San Francisco Orange Memorial Park Aquatic Ctr A 61 61 Woodside Town Hall/Independence Hall A 95 401 496
• 33 Sites
• 13 Agencies
• ~4.5 MW solar
Peninsula Clean Energy 57
Round 2b Portfolio
• 9 Sites
• ~12 MW solar
• ~6 MWh batteries
Agency Name Facility name PorfolioRooftop
(DC)
Carport
(DC)
Ground
Mount
(DC)
Est. Solar
(kWdc)
Est.

Battery
(kWh)
Daly City City Hall B 491 491 374
Daly City
War Memorial/John Daly
Library B 257 1311 1,568 157
Redwood City
Redwood City Police
Department B 4864 4,864 266
RethinkWaste
Shoreway Environmental
Center - Bldg 1 and 2 B 2978 2,978 133
San Mateo County
Community College District Canada College B 684 684
San Mateo County
Community College District College of San Mateo B 163 163 3,485 San Mateo County
Community College District Skyline College B 113 113 1,973 Sewer Authority Mid-CoastsideSewer Authority Mid-Coastside B 176 176 607 South San Francisco Police Station B 34 176 221
Contracts
Construction Services
Power Purchase Agreement
58 Peninsula Clean Energy
Construction Contractor (EPC) Overview
• Competitive RFP in August 2023
• 12 proposals received
• Scope of contractor role
oFeasibility studies
oProcurement of equipment
o Installation and commissioning
oOperations and Maintenance (O&M)
oWarranty service
59 Selected Team
Peninsula Clean Energy
Intermountain Electric & McMillan Co
• Based out of San Carlos (IME) and San Francisco (McM) • Union firms
• Joint partnership
o IME is the Round 1 construction partner; good performance to date o McMillan adds extra project capacity and expertise
• Proposed costs allow PCE to offer customer savings from day 1 60 Peninsula Clean Energy
EPC Contract – Key Details
• PCE pays EPC to build systems that PCE will own and operate • Specified prices, milestone-based payment schedule, penalties for underperformance/missing NEM 2 deadlines
• Solar production guarantee
• Provisions for changes
• Warranties: 25 years modules, 15 years inverters, 1 year labor • Operations and Maintenance (O&M) contract
61 Peninsula Clean Energy
Customer PPA Overview
• Customer pays PCE for the energy generated from the solar array • One PPA contract for all agencies based on Solar Energy Industries Association template
• Key terms tied to those in EPC contract (e.g. performance guarantee) • $/kWh price with 0% escalator
• 20-year initial term
• Performance guarantee (matched to EPC performance guarantee) • PCE provides operations and maintenance (O&M)
62 Next Steps
63 Peninsula Clean Energy
Fiscal Impact
• EPC contract: up to $23M for all installation services and O&M o Approx 30% to be received back via federal Investment Tax Credit • PPA Agreements: Receive ongoing revenues for balance of costs over 20 years • Net neutral cost to Peninsula Clean Energy
o Time differential between cash outflows and inflows per below:
64 Expected year Cashflow
2024 – 2025 Capital outflow for EPC contract-related work 2026 – 2027 Receipt of up to 30% of the amount spent on EPC contract-related work 2025-2045 Receipt of PPA revenues
2045 Breakeven year (when total cash inflows equal total cash outflows) Peninsula Clean Energy
Timeline
65 Date Project Status
Jan. – Feb. 2024 Execution of EPC contract & execution of all PPAs with cities that are moving forward
Feb. – May 2024 EPC site walkdowns, design diligence, permit applications May – Oct. 2024 Completion of final site design packages, and receipt of required permits
Oct. 2024 – Mar. 2025 Equipment procured and construction started December 2025 Target completion at all sites
• There is always potential for PG&E delays on interconnection • Process is a “black box” and PG&E can easily delay regardless of any published timelines • Expect a rush of applications from others also looking to get ahead of NEM3 Peninsula Clean Energy
Recommendation (2 actions)

2. Delegating Authority to Chief Executive Officer to Execute Power Purchase Agreements (PPAs) with Participating Jurisdictions (Buyers) for a term of 20 years to sell the energy generated by these systems with revenues expected to fully offset cost of EPC Contract over the PPA term.
66 2024 Legislative and
Regulatory Policy Platform
January 25, 2024
| 67
Peninsula Clean Energy
2024 Policy Platform
Staff and members of the Ad Hoc Legislative Committee have identified two areas in Section VIII that merit new policy platform planks for consideration and adoption by the board:
• Regional Transmission
• Interconnection
68 Peninsula Clean Energy
2024 Policy Platform
Regional Transmission
• Engage in discussions and track policy efforts to create a multi-state regional transmission system to ensure that it increases supply availability and reliability for California energy customers, recognizes California’s influence in its governance structure, and advances California's clean energy policies and goals.
69 Peninsula Clean Energy
2024 Policy Platform
Interconnection
• Support policies that expedite grid interconnections and energization of electrical services including utility scale and distributed interconnections to new generation sources, and new and existing service upgrades for utility customers.
70 Strategic Accounts and Commerical
Load Growth in 2024
Board of Directors
January 25, 2024
Peninsula Clean Energy
Item Agenda
• Customer Confidentiality Policy
• Background
• Load Growth Opportunities
• Caltrain and Next Steps
• Q&A
72 Peninsula Clean Energy
Background & Context
73 Peninsula
Clean
Energy
67%
PG&E Bundled
4%
Direct
Access
29%
Share of Load by Load Serving Entity –
Largest 150 Accounts
Peninsula
Clean
Energy
85%
PG&E Bundled
3%
Direct
Access
12%
Share of Load by Load Serving Entity –
PCE Service Area
Peninsula Clean Energy
Load growth opportunities
 Upcoming contract renewal
 Local decision making
 Shared mission
with corporate
sustainability goals
 Interest in PCE programs
74 Load Serving Entity # of Largest 148
Accounts Served
Peninsula Clean Energy 104
PG&E Bundled 5
Direct Access 39
Total 148
Count of all B19 (> 499 kW) and B20 (> 999 kW)
accounts by Load Serving Entity
Good Candidates for PCE Service
Peninsula Clean Energy
Caltrain
• Electric passenger service expected for September 2024 • Activities to Date
o Peninsula Clean Energy service and cost overview
o Load analysis and forecasting
o CARB administered Low Carbon Fuel Standard (LCFS)
• What’s Coming
o Ensuring PCE is Caltrain’s electric generation service provider of choice o Working with Caltrain to maximize LCFS revenues
o Identify opportunities for co-marketing and partnership 75 Questions?
Justin Pine
Strategic Accounts Manager
Adjournment
Peninsula Clean Energy

WestLight Energy Board of DirectorsJanuary 25, 2024

WestLight Energy Board of Directors
January 25, 2024