Agenda — Pioneer Community Energy Board of Directors, November 21, 2024

Board of Directors
Chair: Alice Dowdin Calvillo
Vice Chair: Tom Ivy
City of Auburn
Alice Dowdin Calvillo
Sandra Amara, Alternate
City of Colfax
Sean Lomen
Kim Douglass, Alternate
County of El Dorado
John Hidahl
Lori Parlin, Alternate
City of Grass Valley
Tom Ivy
Jan Arbuckle, Alternate
City of Lincoln
Dan Karleskint
Holly Andreatta, Alternate
Town of Loomis
David Ring
Danny Cartwright, Alternate
Nevada City
Gary Petersen
Lou Ceci, Alternate
County of Placer
Jim Holmes
Suzanne Jones
Bonnie Gore, Alternate
City of Placerville
David Yarbrough
John Clerici, Alternate
City of Rocklin
Greg Janda
David Bass, Alternate
Pioneer Community Energy
Board of Directors Agenda
November 21, 2024
Pioneer Community Energy Board Room
2510 Warren Drive, Suite B, Rocklin, CA 95677

REMOTE LOCATION
Nevada City – City Hall, Wetherall Conference Room
317 Broad Street, Nevada City, CA 95959

NOTICE OF CANCELLATION

CLOSED SESSION ONLY
Please be advised that the
Board of Directors CLOSED SESSION scheduled for
Thursday, November 21, 2024 at 2:30 PM
has been cancelled.

The Regular Open Session Board of Directors meeting
will convene as scheduled for
Thursday, November 21, 2024 at 3:00 PM
Affidavit of Posting
I, Teresa Willock, Board Secretary, declare under penalty of perjury that the foregoing cancellation notice for the November 21, 2024 Closed Session meeting of the Pioneer Community Energy Governing Board was posted and available for public review on November 20, 2024 at the offices of Pioneer Community Energy, 2510 Warren Drive, Suite B, Rocklin, CA 95677; remote location at Nevada City-City Hall, Wetherall Conference Room, 317 Broad Street, Nevada City, CA 95959; and, was available for viewing on the Pioneer website at:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/ Plf)NEER

COMMUNITY ENERGY
Board of Directors
Chair: Alice Dowdin Calvillo
Vice Chair: Tom Ivy
City of Auburn
Alice Dowdin Calvillo
Sandra Amara, Alternate
City of Colfax
Sean Lomen
Kim Douglass, Alternate
County of El Dorado
John Hidahl
Lori Parlin, Alternate
City of Grass Valley
Tom Ivy
Jan Arbuckle, Alternate
City of Lincoln
Dan Karleskint
Holly Andreatta, Alternate
Town of Loomis
David Ring
Danny Cartwright, Alternate
Nevada City
Gary Petersen
Lou Ceci, Alternate
County of Placer
Jim Holmes
Suzanne Jones
Bonnie Gore, Alternate
City of Placerville
David Yarbrough
John Clerici, Alternate
City of Rocklin
Greg Janda
David Bass, Alternate
Pioneer Community Energy
Board of Directors
November 21, 2024
3:00 PM

REVISED AGENDA
Pioneer Community Energy Board Room
2510 Warren Drive, Suite B, Rocklin, CA 95677

REMOTE LOCATION
Nevada City – City Hall, Wetherall Conference Room
317 Broad Street, Nevada City, CA 95959
This meeting will convene in person at the address printed above, be accessible on the Zoom platform at the following link:
https://us06web.zoom.us/j/89020017279;
and live streamed for viewing on the Pioneer website:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.

Members of the public may participate in person or by remote audio/visual access.

Those who participated remotely and wish to comment should be prepared to use the Zoom platform via computer or telephone. Public comment will be opened for each agenda item in sequence.

How to Participate Using Zoom
You can join the meeting using the following link:
https://us06web.zoom.us/j/89020017279.

When you join the meeting, you will be muted by default. To inform the Clerk that you would like to make a public comment, you will use the “Raise Hand” feature.

Public Comment via Computer or Smartphone
If you would like to make a comment, you will use the “Raise Your Hand” feature.

Please note that you should only raise your hand during the item to which you will comment. Instructions for using the “Raise Hand” feature when using a computer or mobile device can be found at the link:
https://support.zoom.us/hc/en-us/articles/205566129-Raising-your-hand-in-a-webinar Public Comment via telephone (Audio Only Option)

1. Dial 1 (699) 900-6833

2. When asked for the meeting ID, enter 890 2001 7279#

3. When asked for your participant ID, press # to continue.

You will be muted by default. To inform the Clerk that you would like to make a comment, during each agenda item, dial *9 to “Raise your hand.” When it is your turn to speak, the Clerk will identify you by the last three digits of your phone number; at that time, dial *6 to unmute yourself and state your name and comment for the record. Please note that you should only raise your hand during the item to which you will comment.

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COMMUNITY ENERGY
I. GENERAL ADMINISTRATIVE FUNCTION – PART 1
A. CALL TO ORDER

1. Roll Call
B. AGENDA REVIEW
C. PRESENTATIONS BY THE PUBLIC ON MATTERS NOT ON THE AGENDA WITHIN THE

JURISDICTION OF THE BOARD
Persons may address the Board on items not on this agenda. Please limit comments to 3 minutes per person. According to State Law (the Brown Act), items must first be noticed on the agenda before any discussion or action. The Board is prohibited from discussing issues not on the agenda brought to them at this time.

II. CONSENT AGENDA
1) APPROVAL OF THE CONSENT AGENDA
All items on the Consent Agenda have been recommended for approval by the Chief Executive Officer. All Consent items will be approved by a single vote. Anyone may ask to address Consent items prior to the Board acting, and the item may be moved for discussion. a) ADMINISTRATION
Approve the minutes of the October 24, 2024 meeting. (ECKERT) b) PROGRAMS
Adopt Resolution approving and authorizing the Chief Executive Officer to receive funds from Participate.Energy LLC for program participation and apply such funds to Pioneer’s General Fund. (STASSI-VANACORE)
III. REGULAR AGENDA
2) ADMINISTRATION
Adopt Resolution Honoring the Memory of John Hidahl (ACTION - ECKERT) Recommendation: Adopt Resolution honoring the memory of Director John Hidahl for his dedication and outstanding service in directing Pioneer Community Energy. 3) ADMINISTRATION
Discussion on Board Governance of Amendments to the Joint Exercise of Powers Agreement of Pioneer Community Energy. (DISCUSSION-ECKERT)
Recommendation: Provide direction to staff on Governance of Amendments to Pioneer Community Energy’s Joint Exercise of Powers Agreement.
4) PROGRAMS
Pacific Gas & Electric Hourly Flex Pricing Pilot for Agriculture Customers (DISCUSSION- STASSI-VANACORE)
Recommendation: Receive a presentation regarding the Pacific Gas & Electric Hourly Flex Pricing Pilot for Agriculture Customers.
5) FINANCE & ADMINISTRATION
Draft Fiscal Year 2024-25 Quarterly Financial Reports Through September 30, 2024 (DISCUSSION-KOEHN)
Recommendation: Receive draft Fiscal Year 2024-25 quarterly financial reports through September 30, 2024.
6) FINANCE & ADMINISTRATION
Adopt Resolution to Increase the Days of Liquidity Target and Update the Cash Reserves Policy (ACTION - KOEHN)
Recommendation: Adopt Resolution to Increase the Days of Liquidity Target and update the Cash Reserves Policy.
7) ADMINISTRATION
Adopt Resolution Commending Director Dan Karleskint for His Dedicated Service to Pioneer Community Energy (ACTION - ECKERT)
Recommendation: Adopt Resolution in recognition of Director Dan Karleskint for his dedication and outstanding service in directing Pioneer Community Energy.

IV. GENERAL ADMINISTRATIVE FUNCTION – PART 2
A. BOARD MEMBER COMMUNICATIONS
B. CHIEF EXECUTIVE OFFICER COMMUNICATIONS
C. ITEMS FOR INFORMATION

1. Glossary of Terms
D. ADJOURNMENT
Upcoming Meeting of the Board:

December 19, 2024 at 3:00 PM
Accommodations
Pioneer Community Energy is committed to ensuring that persons with disabilities are provided with the resources to participate fully in its public meetings. If you are hearing impaired, we have listening devices available. If you require additional disability-related modifications or accommodations, including auxiliary aids or services, please contact the Clerk of the Board. If requested, the agenda shall be provided in appropriate alternative formats for persons with disabilities. All requests must be in writing and must be received by the Clerk five business days prior to the scheduled meeting for which you are requesting accommodation. Requests received after such time will be accommodated only if time permits.

Affidavit of Posting
I, Teresa Willock, Board Secretary, declare under penalty of perjury that the foregoing agenda for the November 21, 2024 meeting of the Pioneer Community Energy Governing Board with a revised meeting start time was amended due to cancellation and removal of the Closed Session, posted along with the cancellation notice, and available for public review on November 20, 2024 at the offices of Pioneer Community Energy, 2510 Warren Drive, Suite B, Rocklin, CA 95677; at the remote location: Nevada City-City Hall, Wetherall Conference Room, 317 Broad Street, Nevada City, CA 95959; and, on the Pioneer website at: https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.

All public materials related to an item on this agenda submitted to the Governing Board after distribution of the agenda packet are also made available for public inspection on Pioneer’s website at:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/. Any document provided at the meeting by staff or by the public will be provided by the Board Clerk upon request by phone at (916) 758-8946, or by email at: [email protected].

SPECIAL MEETING
2:30 PM - CLOSED SESSION
3:00 PM - OPEN SESSION
Pioneer Community Energy Board Room
2510 Warren Drive, Suite B, Rocklin, CA 95677

Members of the public may participate in person or by remote audio/visual access.

Those who participated remotely and wish to comment should be prepared to use the Zoom platform via computer or telephone. Public comment will be opened for each agenda item in sequence.

How to Participate Using Zoom
You can join the meeting using the following link:
https://us06web.zoom.us/j/89020017279.

When you join the meeting, you will be muted by default. To inform the Clerk that you would like to make a public comment, you will use the “Raise Hand” feature.

Public Comment via Computer or Smartphone
If you would like to make a comment, you will use the “Raise Your Hand” feature.

1. Dial 1 (699) 900-6833

2. When asked for the meeting ID, enter 890 2001 7279#

3. When asked for your participant ID, press # to continue.

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COMMUNITY ENERGY
I. GENERAL ADMINISTRATIVE FUNCTION – PART 1
A. CALL TO ORDER

1. Roll Call
B. ADJOURN TO CLOSED SESSION

CLOSED SESSION
1) Public Employee Performance Evaluation - GC §54957
Title: Chief Executive Officer

OPEN SESSION
A. ROLL CALL
B. PUBLIC REPORT OF CLOSED SESSION
C. AGENDA REVIEW
D. PRESENTATIONS BY THE PUBLIC ON MATTERS NOT ON THE AGENDA WITHIN THE

III. REGULAR AGENDA
B.

C.
3) ADMINISTRATION
Discussion on Board Governance of Amendments to the Joint Exercise of Powers Agreement of Pioneer Community Energy (DISCUSSION-ECKERT)
Recommendation: Provide direction to staff on Governance of Amendments to Pioneer Community Energy’s Joint Exercise of Powers Agreement.
4) PROGRAMS
Pacific Gas & Electric Hourly Flex Pricing Pilot for Agriculture Customers (DISCUSSION- STASSI-VANACORE)
Recommendation: Receive a presentation regarding the Pacific Gas & Electric Hourly Flex Pricing Pilot for Agriculture Customers.
5) FINANCE & ADMINISTRATION
Draft Fiscal Year 2024-25 Quarterly Financial Reports Through September 30, 2024 (DISCUSSION-KOEHN)
Recommendation: Receive draft Fiscal Year 2024-25 quarterly financial reports through September 30, 2024.
6) FINANCE & ADMINISTRATION
Adopt Resolution to Increase the Days of Liquidity Target and Update the Cash Reserves Policy (ACTION - KOEHN)
Recommendation: Adopt Resolution to Increase the Days of Liquidity Target and update the Cash Reserves Policy.
7) ADMINISTRATION
Adopt Resolution Commending Director Dan Karleskint for His Dedicated Service to Pioneer Community Energy (ACTION - ECKERT)
Recommendation: Adopt Resolution in recognition of Director Dan Karleskint for his dedication and outstanding service in directing Pioneer Community Energy.

IV. GENERAL ADMINISTRATIVE FUNCTION – PART 2
A. BOARD MEMBER COMMUNICATIONS
B. CHIEF EXECUTIVE OFFICER COMMUNICATIONS
C. ITEMS FOR INFORMATION

1. Glossary of Terms
D. ADJOURNMENT
Upcoming Meeting of the Board:

Affidavit of Posting
I, Teresa Willock, Board Secretary, declare under penalty of perjury that the foregoing agenda for the November 21, 2024 meeting of the Pioneer Community Energy Governing Board was posted and available for public review on November 18, 2024 at the offices of Pioneer Community Energy, 2510 Warren Drive, Suite B, Rocklin, CA 95677; at the remote location: Nevada City-City Hall, Wetherall Conference Room, 317 Broad Street, Nevada City, CA 95959; and, was available for viewing on the Pioneer website at:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.

DRAFT

PIONEER COMMUNITY ENERGY

GOVERNING BOARD

MINUTES
October 24, 2024
Entry No. 1
Heard General Administrative Functions – Part I
Call to Order
Pioneer Community Energy Governing Board met in regular session at 2:30 PM on October 24, 2024. The Members convened in person and the meeting was accessible to the public at Pioneer Community Energy, 2510 Warren Drive, Suite B, Rocklin, California 95677; the meeting was accessible for viewer participation on the Zoom platform at the following link: https://us06web.zoom.us/j/89020017279; and, was live streamed for viewing on the Pioneer website at: https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.

Roll Call

Present: City of Auburn (Dowdin Calvillo), City of Colfax (Douglass), County of El Dorado (Hidahl), City of Grass Valley (Ivy), City of Lincoln (Karleskint), Nevada City (Petersen), County of Placer (Holmes), County of Placer (Jones), City of Placerville (Yarbrough).

Absent: Town of Loomis (Ring), City of Rocklin (Janda).

Closed Session
Adjourned to Closed Session at 2:32 PM with expected time of 3:00 PM to reconvene Regular Session. 1) Conference with Legal Counsel - Anticipated Litigation (GC §54956.9(d)(2)) A point has been reached where, in the opinion of the legislative body of the local agency on the advice of its legal counsel, based on existing facts and circumstances, there is a significant exposure to litigation against the local agency.

Number of Cases: 1
Reconvened in Regular Session at 3:00 PM.

Chair Dowdin Calvillo presided over the meeting.

Public Report of Closed Session
In the matter of Conference with Legal Counsel - Anticipated Litigation (GC §54956.9(d)(2)) regarding one case, no reportable action was taken.

Agenda Review
Reviewed and made no revision to the meeting agenda for September 19, 2024.

Public Comment
There were no comments from members of the public on items not listed on this agenda.

Entry No. 2
Acted on the Consent Agenda as follows:

Approved the minutes of the September 19, 2024, regular meeting.

Received Fiscal Year 2024-25 Draft Financial Reports through August 2024.

ITEM 1a
DRAFT – October 24, 2024 – page 2
(1) Adopted Resolution 2024-28 approving an attestation regarding the veracity of information reflected in Pioneer’s 2023 Power Source Disclosure Report for Pioneer Standard (“Base Service”) and the associated Power Content Label; (2) Adopted Resolution 2024-29 approving an attestation regarding the veracity of information reflected in Pioneer’s 2023 Power Source Disclosure Report for Green100 and the associated Power Content Label; and, (3) Approved the attached Pioneer Power Content Label for distribution per Public Utilities Code Sections 398.4 and 398.5.

Adopted Resolution 2024-30 authorizing the Chief Executive Officer to Execute the First Amendment to the Agreement with cQuant.IO Inc. to Increase the Not-to-Exceed Amount by $32,500 to $230,000 and to Expand the Scope of Work to include Additional Services through July 18, 2025.

MOTION: Holmes / Yarbrough. Vote: 9:0:2
ROLL CALL: Douglass, Dowdin Calvillo, Hidahl, Holmes, Ivy, Jones, Karleskint, Petersen, Yarbrough.

Absent: Janda, Ring.

Entry No. 3
Application of Revenues from the GridGen Program
Provided direction to staff on the application of revenues Pioneer Community Energy receives from the GridGen Program.

With no objection, the Board directed staff to bring this item back as an action item on the November consent agenda per the Board recommendation to apply the revenues from this program to the General Fund to help mitigate any potential rate increases, and use of funds would be subject to annual budget review.

Entry No. 4
End of Legislative Session and Regulatory Successes Update (1) Received an update on the end of session legislative activities including the following bills that Pioneer Community Energy had a position on: SB 867 (Becker), SB 1014 (Dodd), SB 1062 (Dahle), AB 2750 (Gallagher), AB 2787 (Patterson), AB 2902 (Wood); and, (2) Received an update on the regulatory successes and their associated cost savings secured by Pioneer, in collaboration with partners including Joint Community Choice Aggregators (CCAs) Group, California Community Choice Association (CalCCA), Keyes and Fox, and Newgen.

Entry No. 5
Low Carbon Fuel Standard Program (LCFS)
Provided direction to staff on interest in a Low Carbon Fuel Standard program that could be beneficial to Pioneer Community Energy’s Member Agencies.

The Board expressed interest in exploring this further; inquired as to how much staff time in data collection would this take/cost; and if this program could be expanded to special districts and schools in the future.

Entry No. 6
Heard General Administrative Function – Part II
Board Member Communications
Committee Vice Chair Petersen reported that on October 9, 2024, Greg Janda, Alice Dowdin Calvillo, John Hidahl, and he attended the Ad Hoc Energy Procurement Review Committee. Pioneer staff and support including Commercial Counsel and General Counsel were also in attendance. The Committee reviewed, discussed
DRAFT – October 24, 2024 – page 3
discussed, asked questions, and approved the Chief Executive Officer’s execution of a Power Purchase Agreement (PPA) with Participate Energy; Recommended for the Board to approve an Amendment to Resolution 2021-1 Providing Greater Efficiency and Flexibility for staff to execute long-term PPAs not exceeding 3 MWs in capacity and 20 years in tenor and directed staff to bring to the Board for approval,

1.5% of Pioneer’s annual procurement budget as a maximum annual notional amount, together with a maximum 20-year term; Reviewed potential supplier concentration risk from expansion procurement; and Received an update on Biomass projects.

Chief Executive Officer Communications
Chief Executive Officer Eckert welcomed and introduced Chau Pham, Pioneer’s Legislative and Regulatory Affairs Analyst.

Chief Executive Officer Eckert also expressed his appreciation for Member Agencies which have supported the Revised Second Amended and Restated JPA and informed the Board that it is on hold and may be brought back to the Board in November.

Lastly, Chief Executive Officer Eckert wished everyone a Happy Halloween.

Items for Information
Received the Glossary of Terms.

Adjournment
The meeting adjourned at 4:28 PM.
381658.1 Page 1 of 2
Staff Report – Item 1b
To: The Governing Board
From: Paige Garcia, Programs Manager
Item 1b: Adopt Resolution Approving and Authorizing the Chief Executive Officer to Receive funds from Participate.Energy LLC for Program Participation and Apply such Funds to Pioneer’s General Fund
Date: 11/21/2024

RECOMMENDATION
Adopt Resolution approving and authorizing the Chief Executive Officer to receive funds from Participate.Energy LLC for program participation and apply such funds to Pioneer’s General Fund.

BACKGROUND
At the February 15, 2024, Governing Board Meeting, the Board approved the GridGen program and the Power Purchase Agreement (PPA) with Participate.Energy.

On August 15, 2024, the GridGen program launched in the first phase of territories, which included Lincoln, Auburn, and El Dorado Hills.

On October 3, 2024, the second phase of territories launched into the GridGen program, which included all the remaining Placer County zip codes and the City of Placerville.

The third and final phase of territories that include El Dorado County, City of Grass Valley, and Nevada City launched on October 24, 2024.

ANALYSIS & DISCUSSION
The GridGen program is a solar-plus-storage program offered exclusively to Pioneer customers who would like the benefits of having a solar and battery system but may not have the means to purchase one. GridGen does not require a customer credit check and has zero upfront costs. Customers pay for the system over a 25-year period through a line item on their monthly PG&E bill.

The GridGen program represents a three-way partnership between Pioneer, Tesla, and Participate.energy.

Pioneer is partnering with Telsa for the solar-plus-storage systems and Participate.Energy as the financer of the systems. Participate.energy pays Tesla for the costs of the system plus installation and maintains ownership of the system. Pioneer enters a 25-year PPA with Participate.energy to buy the energy created by the systems.

As part of the program, Pioneer anticipates receiving an estimated $21 million over the course of the 25-year term of the PPA. Pioneer will receive $0.40/Wp of solar capacity upfront, estimated at $3 million. Then over the 25-year term of the PPA, Pioneer will receive $0.02/kWh plus $15 per month per battery for an additional $18 million in anticipated revenue. These revenue numbers are based on an average system size per 1,000 participants in the program.

At the October 24, 2024 special meeting of the Board, the Board directed staff apply funds received from Participate.Energy through the GridGen program into Pioneer’s General Fund, which can be used to mitigate the impact of future rate increases.

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COMMUNITY ENERGY
Agenda Item: X Agenda Date: 11/21/2024
381658.1 Page 2 of 2

STRATEGIC PLAN
The recommendation supports the Community Partner and Fiscally Strong & Resilient Goals.

FISCAL IMPACT
Assuming 1,000 participants, over the life of the program, potentially $21 million is projected to be applied to the general fund.

ATTACHMENTS

1. Resolution to approve and authorize the Chief Executive Officer to receive funds from Participate.Energy LLC for program participation and apply such funds to Pioneer’s General Fund. 1b
381657.1
Before the Governing Board of
Pioneer Community Energy
Resolution No.: ____________
The following Resolution was duly passed by the Governing Board of Pioneer Community Energy at a regular meeting held November 21, 2024, by the following vote on roll call:

Ayes:

Noes:

Absent:

Signed and approved by me after its passage.
______________________________
Chair of the Governing Board
Attest:
_______________________
Secretary
WHEREAS, the Governing Board of Pioneer Community Energy approved the associated GridGen program with Participate.Energy LLC for program services at the February 15, 2024 meeting; and
WHEREAS, the Governing Board provided direction to staff to apply funds from the Participate.Energy LLC for Program participation at the October 17, 2024 meeting.

BE IT RESOLVED, the Governing Board of Pioneer Community Energy, State of California, hereby finds, declares, and resolves as follows:

1. The above recitals are true and correct.

2. The Governing Board hereby authorizes the Chief Executive Officer to apply funds from Participate.Energy LLC for program participation to the General Fund that mitigates the impact of future rate increases, pursuant to the terms described in the staff report and staff presentation associated with this item.

3. This Resolution shall take effect immediately upon its adoption.

In the matter of: A RESOLUTION APPROVING AND

AUTHORIZING THE CHIEF EXECUTIVE OFFICER TO
RECEIVE FUNDS FROM PARTICIPATE.ENERGY LLC

FOR PROGRAM PARTICIPATION AND APPLY SUCH
FUNDS TO PIONEER COMMUNITY ENERGY’S

GENERAL FUND

Page 1 of 1 ends

Staff Report – Item 2
To: The Governing Board
From: Donald Eckert Jr., Chief Executive Officer
Item 2: Adopt Resolution Honoring the Memory of John Hidahl Date: 11/21/2024

RECOMMENDATION
Adopt Resolution honoring the memory of Director John Hidahl for his dedication and outstanding service in directing Pioneer Community Energy (“Pioneer”).

BACKGROUND
The El Dorado County Board of Supervisors appointed John Hidahl as Director to the Pioneer Governing Board beginning March 2021 when El Dorado County and the City of Placerville joined Pioneer. Director Hidahl also served as the Vice Chairperson for the Board of Directors; as a Member of the Audit & Finance Committee; the Energy Procurement Review, and the Employee Health and Welfare ad hoc Committees.

ANALYSIS & DISCUSSION
John was the champion in the expansion of Pioneer’s service territory into the City of Placerville and Unincorporated El Dorado County in 2020 which has contributed to the successful state of Pioneer. John’s insightful questions, outside the box thinking, and vision resulted in many enjoyable and fruitful conversations.

John was dedicated to the success of Pioneer but always balanced the needs of the agency with the best interest of our ratepayers. His leadership, candor, quick wit, and experience will be missed but his contributions to Pioneer have left an impact for many years to follow.

STRATEGIC PLAN
The recommendation supports the Local Engagement Priority.

FISCAL IMPACT
There is no fiscal impact with the recommendation.

ATTACHMENTS

1. Resolution honoring the memory of Director John Hidahl.

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COMMUNITY ENERGY
Before the Governing Board of
Pioneer Community Energy
Resolution No.: ____________
The following Resolution was duly passed by the Governing Board of Pioneer Community Energy at a regular meeting held November 21, 2024, by the following vote on roll call:

Ayes:

Noes:

Absent:

Signed and approved by me after its passage.
______________________________
Chair of the Governing Board
Attest:
_______________________
Secretary
WHEREAS, John Hidahl passed away on November 2, 2024, while serving as a member of this Governing Board; and
WHEREAS, John Hidahl was the champion behind Unincorporated El Dorado County joining Pioneer Community Energy in 2020; and
WHEREAS, the El Dorado County Board of Supervisors appointed John Hidahl as Director to the Pioneer Community Energy Governing Board beginning March 2021; and WHEREAS, John Hidahl also served as the Vice Chairperson for the Board of Directors; and WHEREAS, John Hidahl also served on the Audit & Finance Committee, the Energy Procurement Review and the Employee Health and Welfare ad hoc Committees of Pioneer Community Energy; and
WHEREAS, throughout his tenure on this Board, John brought his astute business judgement, his quick wit, the benefit of his experience, and his ability as a leader to set ambitious goals to inspire staff to follow and contributed to Pioneer Community Energy’s success while always considering the best needs of our ratepayers; and
WHEREAS, John provided us all with an example of unselfish, thoughtful, and generous service to others and of how to live life thinking of others and working for their benefits.

In the matter of: RESOLUTION HONORING

THE MEMBORY OF DIRECTOR JOHN

HIDAHL FOR OUTSTANDING SERVICE TO

PIONEER COMMUNITY ENERGY
2 BE IT RESOLVED, the Governing Board of Pioneer Community Energy, State of California, hereby finds, declares, and resolves as follows:

1. The above recitals are true and correct.

2. The Governing Board hereby celebrates the life and accomplishments of John Hidahl and expresses its admiration for a life well lived.

3. The Governing Board also extends to John’s family and to his many friends this Board’s profound gratitude for all that John has given to Pioneer Community Energy and to the communities we serve.

3. This Resolution shall take effect immediately upon its adoption.

Resolution 2024-__
November 21, 2024
381865.2 Page 1 of 2
Staff Report – Item 3
To: The Governing Board
From: Alice Dowdin Calvillo, Chair
Donald Eckert Jr., Chief Executive Officer
Item 3: Discussion on Board Governance of Amendments to the Joint Exercise of Powers Agreement of Pioneer Community Energy
Date: 11/21/2024

ACTION REQUESTED
Provide direction to staff on Governance of Amendments to Pioneer Community Energy’s (“Pioneer”) Joint Exercise of Powers Agreement (JPA).

RECOMMENDATION
Staff are not making a recommendation currently but are looking for guidance from the Board.

BACKGROUND
At the December 17, 2020, Board meeting, the Board adopted Amendment #1 to Pioneer’s JPA to allow expansion of the City of Placerville and unincorporated El Dorado County. The Board then chose to circulate the amendment to each Member Agency’s governing body for consideration. The amendment was then unanimously ratified by each Member Agency’s governing body before the Pioneer Board voted to approve the amendment.

At the January 21, 2021, Board meeting, the Board adopted Amendment #2 to remove weighted voting. As consistent with the JPA, the amendment was adopted by the Board with only a 30-day notice given to each Member Agency.

At the April 15, 2021, Board meeting, the Board adopted Amendment #3 to allow the Governing Board to appoint the Treasurer and Auditor-Controller for Pioneer rather than require Pioneer to use the Placer County Treasurer and Auditor-Controller. This amendment was also adopted by the Board with only a 30-day notice given to each Member Agency.

At the January 20, 2022, Board meeting, the Board adopted Amendment #4 to amend the limitations on power designations of the JPA, changing it from Placer County to the City of Colfax. This amendment was also adopted by the Board with only a 30-day notice given to each Member Agency.

At the November 17, 2022, Board meeting, the Board adopted Amendment #5 to allow expansion of the JPA with the cities of Grass Valley and Nevada City. Consistent with action taken by the Board the last time expansion was considered, the Board circulated the amendment to each Member Agency’s governing body for action. The amendment was then unanimously ratified by each of the Member Agencies’ governing before the Pioneer Board voted to approve the amendment.

At the January 18, 2024, Board meeting, the Board approved the Revised Amended and Restated JPA (“Amendment #6”) which consisted of mainly of clean-up language but also sought to codify past practice with regards to seeking unanimous Member Agency governing body support for member expansion. Although not required by the JPA, the amendment was sent to the Member Agencies for unanimous approval. The amendment did not receive unanimous support as the City of Rocklin and the Town of Loomis raised questions/concerns.

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COMMUNITY ENERGY
Agenda Item: 3 Agenda Date: 11/21/2024
381865.2 Page 2 of 2
At the June 20, 2024, Board meeting, the Board incorporated changes (via revised Amendment #6) to the JPA to address concerns voiced by both from the City of Rocklin and the Town of Loomis. This amendment was again circulated to the Member Agencies for consideration. However, the Town of Loomis had additional questions when the amendment came up at their last Council meeting wherein, they continued the amendments to a subsequent meeting. Because it was the intent of the Board to seek unanimous support of these amendments before they went into effect, Amendment #6 was not enacted.

ANALYSIS & DISCUSSION With this current pause, Board Chair Dowdin Calvillo asked staff to re-examine the JPA itself and when the Board has sought the unanimous ratification of amendments by Member Agencies and under what circumstances. She then asked staff to bring for full discussion by the Board if/when JPA amendments should be simply noticed to Member Agencies as required by the current JPA or adopted by the Member Agencies and if the later, by what majority (e.g., simple majority, 2/3 majority, unanimous).

JPA Section 19 provides direction for amendments to the JPA as follows:

Any amendment required to add a new Voting Member shall only be executed by the Voting Members. Any amendment required to add a new Associate Member shall only be executed by the new Associate Member and the Authority.

As referenced in the Background section of the report, there has been inconsistency applied in the process for amending the JPA. For some issues, the Pioneer Board adopted amendments with a 2/3 majority vote while other amendments were also circulated amongst the Member Agencies for approval.

What are other Community Choice Aggregators (CCA) doing? Staff recently reviewed the JPA’s of Ava Community Energy, Marin Clean Energy (MCE), and Sonoma Clean Power. These CCAs were selected for comparison as they all reside in Pacific Gas & Electric territory and have been the most active with expansion of their service territory. As a result of those reviews, staff found that there are no requirements to seek Member Agency approval of Board adopted amendments to the JPAs under any circumstance, only a 2/3 (or in some instances 3/4) majority vote of the CCA Board is required. This is not only consistent with information obtained by staff about a year ago as it pertains to the remaining 21 CCAs, but also with Pioneer’s current JPA.

STRATEGIC PLAN
The report supports the Operational Optimization goal.

FISCAL IMPACT
There is no fiscal impact from this report.

ATTACHMENTS

1. Amended and Restated Joint Exercise of Powers Agreement without the previously Proposed Amendment #6

2. Joint Exercise of Powers Agreement with the previously Proposed Amendment #6

AMENDED AND RESTATED JOINT EXERCISE OFPOWERS

AGREEMENT FOR THE SIERRA VALLEY ENERGY AUTHORITY
THIS Amended and Restated Joint Exercise of Powers Agreement (hereafter "Agreement") amends and restates the Joint Exercise of Powers Agreement for theSIERRA VALLEY ENERGY AUTHORITY, (hereafter "Authority") originally entered as of September 9, 2015, (the "Original Agreement") which was by and between theCOUNTY OFPLACER, and theCITY OFCOLFAX, both public entities of theState of California. By this amendment and restatement it becomes a Joint Exercise of Powers Agreement by and between theCOUNTY OFPLACER, theCITY OFCOLFAX and the cities of Rocklin, Lincoln and Auburn and the town of Loomis within theCounty of Placer who become signatories to this Agreement (the "New Voting Members", and together with theCounty of Placer and theCity of Colfax, the "Voting Members"), as well as those local agencies that becomesignatories to this Agreement as Associate Members, and relatesto the joint exercise of powers among all of the signatories hereto either as Voting Members or Associate Members(hereafter collectively referred to asthe "Members").

RECITALS:

NOW THEREFORE, in consideration of the mutual promises, covenants and conditions herein, the Members hereto agree to establish a joint powers authority as follows:

Section 1. Authority for thisJoint Exercise of Powers Agreement This Agreement is made pursuant to Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (commencing with Section 6500) relating to the joint exercise of power common to the counties and public agencies and other powersspecified therein (hereinafter the "Act"). Under Sections 6505 and 6507 of the Act, the Authority is a public agency separate from its Members. As provided by Section 6508.1 of the Act, and Section 12 hereof the debts, liabilities or obligations of the Authority shall not be the debts, liabilities or obligations of the individual Members, unlessthe governing body of a Member agreesin writing to assume any of those debts, liabilities or obligations.

The Members are each empowered by the laws of the State of California to exercise, in their respective jurisdictions, the powers set forth herein, including but not limited to the power to aggregate electric load, to purchase and supply electricity for themselves and customers within their jurisdictions, and the power to enter into voluntary contractual assessments with properties owners for authorized improvements within their jurisdictions.

Section 2. Purpose of Agreement
The purpose of this Agreement isto establish an independent public agency in order to exercise powers common to the Members and other powers granted to the Authority under the Act, to study, promote, develop, conduct, operate, and manage energy, energy efficiency and conservation, and other energy-related programs, to exercise all other powers necessary and incidental to accomplishing these purposes, and to provide a Community Choice Aggregation (hereinafter "CCA") Program, pursuant to California Public Utilities Code Sections 331.1 and 366.2, and as further described in Section 10.

Without limiting the generality of the foregoing, the Members also intend for this Agreement to be used as a mechanism by which Voting Members and non-voting Associate Members may 3 authorize the Authority to provide Property Assessed Clean Energy ("PACE") Programs pursuant to Chapter 29 of the Improvement Bond Act of 1911, Division 7 of theCalifornia Streets and Highways Code ("Chapter 29"). The Authority may provide PACE Programs pursuant to Chapter 29 within the boundaries of each Voting Member asset forth in Section 10(C) herein, and within the boundaries of each non-voting Associate Member asset forth in Sections 16 herein. The Members intend that other agreements with Associate Members shall define the terms and conditions associated with the implementation of the CCA Program, the PACE Program, and any other energy programs approved by theAuthority within the territorial jurisdiction of such Associate Members. As of the Effective Date of this Agreement, the Associate Members include theCounty of Nevada, County of Sacramento, City of Grass Valley, City of Folsom, City of Nevada City and Town of Truckee.

Section 3. Effective Date and Term
This Agreement shall be effective as an amendment and restatement of the Original Agreement, and the Authority shall continue to exist as a separate public agency under the terms of this Agreement upon execution by the County of Placer and the City of Colfax. This Agreement shall be in full force and effect until terminated in the manner herein provided, subject to the rights of the Members to withdraw from the Authority.

Section 4. Powers
The Authority shall have all powers common to the Members, and such additional powers accorded to it by law, including the power to develop and implement comprehensive energy and resource development and conservation programs, as described herein. Unlessstate or federal law provides otherwise, any facilities, buildings or structures located, constructed, or caused to be constructed by the Authority within the territory of the Authority shall comply with the General Plan, zoning and building laws of the local jurisdiction within which the facilities, buildings orstructures are constructed and comply with the California Environmental Quality Act (CEQA). Asrequired by Government Code Section 6509, the power of the Authority is subject to the restrictions upon the manner of exercising power possessed by theCity of Colfax.

TheAuthority is authorized, in its own name, to exercise all powers and do all acts necessary and proper to carry out the provisions of this Agreement and fulfill its purposes, including, but not limited to, each of the following powers, subject to the voting requirementsset forth in Section SC and Section 8:

0. to establish a non-voting "Associate Member" statusthat provides membership in the Authority to jurisdictions that are outside jurisdictional boundaries of the Authority's Voting Members, but within whose boundaries a PACE, CCA, or 5 other energy program is established and implemented by the Authority on behalf of the Associate Member. Said jurisdictions shall adopt one or more agreements (a "PACE Agreement", "CCA Agreement", or other energy program agreement, as applicable) on terms and conditions established by the Authority. The rights of Associate Members shall be limited solely to those terms and conditions expressly set forth in the PACE Agreement, CCA Agreement or other energy program agreement for the purposes of implementing the PACE Program, CCA Program or other energy program, respectively, within the jurisdictional boundaries of the Associate Member. Except as expressly provided for by the PACE Agreement, CCA Agreement or other energy program agreement, Associate Membersshall not have any rights otherwise granted to Authority Members by this Agreement, including but not limited to the right to vote, the right toamend this Agreement and the right tosit on committees or boards established under this Agreement; P. to execute agreements for the purpose of authorizing the Authority to implement, manage and administer area-wide and regional programs in the interest of providing energy supply, development of energy generation, energy efficiency, resource conservation, local public welfare and other economically related energy programs. The costs incurred by the Authority in implementing a program, including indirect costs,shall be costs of the Authority and shall not be assessed to the Members, unless approved by theGoverning Body of the Member.

Section 5. Governance and Internal Organization
A. Governing Board. The governing body of the Authority shall consist of up to a eleven (11) person Board, consisting of two (2) members of the Placer County Board of Supervisors, and one (1) member each appointed by the El Dorado County Board of Supervisors, the Cities of Auburn, Colfax, Grass Valley, Rocklin, Lincoln, Nevada City, Placerville and the Town of Loomis that becomes a signatory to this Agreement ("Board Member").

The Board of Supervisors from Placer County, the Board of Supervisors from El Dorado County, and the City/Town Councils set out above shall respectfully appoint such member(s) and not less than one alternate member. The term of office of each Board Member and respective alternate may be terminated at any time by the appointing Board of Supervisors or City/Town Council. The designated alternate shall have authority to attend, participate, and vote at any meeting of the Board or committee whenever the regular member, for whom they are designated to act as an alternate, is absent from the meeting.

B. Quorum. The majority of the members of the Board shall constitute a quorum.

No action may be taken by the Board unless a quorum is present, except that less than a quorum may adjourn a meeting from time to time.

C. Powers and Function of Board. The Board will exercise governance, policy guidance and oversight over the business and activities of the Authority, consistent with this Agreement and applicable law. Action by the Authority Board will be taken by majority vote of the Board Members present. 6 D. Chairperson. The Chairperson and Vice Chairperson of the Board shall be selected by the Board from its members. The termof office of theChairperson and Vice Chairperson shall each be one calendar year.

E. Secretary. The Board shall appoint a Secretary to theBoard who need not be a member of the Board, who shall be responsible for keeping the minutes of all meetings of the Board and all other official records of the Authority.

F. Meetings. All meetings of the Board shall be heldsubject to the provisions of the Ralph M. Brown Act, Division 2, Chapter 9 of the California Government Code (hereafter, the "Brown Act"). The Board shall hold at least four regular meetings per year, but the Board may provide for the holding of regular meetings at more frequent intervals. The elate, hour and place of each regular meeting shall be fixed by resolution or ordinance of the Board. Regular meetings may be adjourned to another meeting time. Special meetings of theBoard may be called in accordance with the provisions of California Government Code Section 54956. Directors may participate in meetings telephonically, with full voting rights, only to the extent permitted by law.

G. Bylaws. The Board shall adopt bylaws for the conduct of business thatshall not be inconsistent with the provisions of this Agreement, and the laws of theState of California.

H. Board Member Compensation. Board Membersshallserve without compensation from the Authority. However, Board Members may be compensated by their respective appointing authorities. The Board, however, may adopt by resolution a policy relating to the reimbursement by the Authority of expensesincurred by Board Members.

Section 6. Executive Director and Other Staff
A Executive Director. The Board shall appoint an Executive Director for the Authority, who shall be responsible for the day-to-clay operation and management of the Authority. The Executive Director may exercise all powers of the Authority, except the powers specifically set forth in Section 4, or those powers that by law must be exercised by the Board. The Executive Directorshall hire and supervise any Authority employees or consultants.

B. Executive Director Reportsto the Board. The Executive Directorshall prepare, no later than the 20th day of each first month of each fiscal quarter, a report to the Board on the operations of the Authority during the preceding fiscal quarter. The Bylawsshallspecify the information to be included in the Executive Director's reports.
7 C. Services Providers. The Executive Director may appoint one or more services providersto serve asthe Authority's agent(s) for planning, implementing, operating and administering the PACE Program, theCCA Program, and any other program approved by the Board, in accordance with the provisions of a written agreement between the Authority and the appointed administrative services provider or providers (a "Services Agreement"). The appointed services provider may beone of the Voting Members. A Services Agreement shall set forth the terms and conditions by which the appointed administrative services providershall perform or cause to be performed all tasks necessary for planning, implementing, operating and administering the PACE Program, theCCA Program and other approved programs.

TheServices Agreement shallset forth the term of the Agreement and the circumstances under which theServices Agreement may be terminated by the Authority. Thissection shall not in any way be construed to limit the discretion of the Authority to hire its own employeestoadminister the PACE Program, theCCA Program or any other program.

D. Independent Monitor. The Board may appoint or contract for theservices of an independent monitor to review programs operated by the Authority and to report to the Board.

E. Advisory Commissions, Boards or Committees. TheBoard may establish any advisory commissions, boards, and committees asthe Board deems appropriate to assist theBoard in carrying out itsfunctions and implementing the CCA Program, other energy programs and the provisions of this Agreement which shall comply with the requirements of the Brown Act. The Board may establish rules, regulations, policies, bylaws or procedures to govern any such commissions, boards, or committees.

Section 7. Treasurer and Auditor-Controller
The Governing Board shall appoint a Treasurer for the Authority. The Treasurer shall be the depository of the Authority and shall have all of the duties and responsibilities specified in Section 6505.5 of the Act. The duties and obligations of the Treasurer are further specified in Section 9.

The Governing Body shall appoint an Auditor-Controller for the Authority in compliance with the Act. The Auditor-Controller of the Authority shall make or contract with a certified public accountant to cause an annual audit in compliance with Section 6506 of the Act. The authority of the Board to appoint a Treasurer and Auditor/Controller shall include the authority to combine both offices to be held by one officer or employee pursuant to section 6505.6 of the Act.

Section 8. Special Voting Requirements and Voting Shares A Involuntary Termination or Amendment. Action of theBoard on thematters set forth in Section 14A (involuntary termination of a Member), or Section 18 (amendment of this Agreement)shall require the affirmative vote of at least two-thirds of the Board Members; provided, however, that for votesto involuntarily terminate a Member under Section 14A, theBoard Member(s) for the Membersubject to involuntary termination may not vote, and the number of Board Members constituting two-thirds of all Board Membersshall be recalculated asif the Voting Membersubject to 8 possible termination were not a Voting Member.

B. Eminent Domain. A decision to exercise the power of eminent domain on behalf of the Authority to acquire any property interest other than an easement, right-of-way, or temporary construction easementshall require a vote of at least two-thirds of all Board Members.

C. Contributions by Members. The imposition on any Member of any obligation to make contributions or pledge assets as a condition of continued participation in the PACE Program, the CCA Program, or other energy programsshall require a vote of at least two-thirds of all Board Members and the approval of the governing boards of the Members and Associate Members who are being asked to make such contribution or pledge.

D. [Reserved]
Section 9. Financial Provisions
A. Fiscal Year. For the purposes of this Agreement, theAuthority shall have such fiscal year from July 1 to and including the following June 30.

B. Depository. All funds of the Authority shall be held in separate accountsin the name of the Authority and not commingled with funds of any Member or any other person or entity. All funds of the Authority shall be strictly and separately accounted for, and regular reportsshall be rendered of all receipts and disbursements, at least quarterly during the fiscal year.The books and records of the Authority shall be open to inspection by the Members at all reasonable times.TheBoard shall contract with a certified public accountant to make an annual audit of the accounts and records of the Authority, which shall be conducted in accordance with the requirements of Section 6505 of the Act.

C. Expenditures. All expenditures shall be made in accordance with the approved budget and upon the approval of any officer so authorized by the Board in accordance with its Operating Rules and Regulations. TheTreasurershall draw checks or warrants or make payments by other meansfor claimsor disbursements not within an applicable budget only upon the prior approval of theBoard.

D. Budget. The initial budgetshall be approved by theBoard. The Board may revise the budget from time to time through an Authority Document asmay be reasonably necessary to address contingencies and unexpected expenses. All subsequent budgets 9 of the Authority shall be approved by the Board in accordance with the Operating Rules and Regulations.

E. Funding of Initial Costs.The County of Placer has funded certain activities necessary to implement theCCA Program. If theCCA Program becomes operational, these initial costs paid by theCounty of Placershall be included in the customer charges for electric services as provided by Section 14 to the extent permitted by law, and the County of Placershall be reimbursed from the payment of such charges by customers of the Authority. Prior to such reimbursement,the County of Placershall provide such documentation of costs paid as the Board may request. In theevent that theCCA Program does not become operational, theCounty of Placershall not be entitled to any reimbursement of the initial costsit has paid from the Authority or any Member.

F. CCA Program Costs.The Members desire that all costs incurred by the Authority that are directly or indirectly attributable to the provision of electric, conservation, efficiency, incentives, financing, or otherservices provided under theCCA Program, including but limited to the establishment and maintenance of variousreserves and performance funds and administrative, accounting, legal, consulting, and other similar costs,shall be recovered through charges toCCA customers receiving such electric services, orfrom revenuesfrom grants or other third-party sources.

Section 10. Implementation Action and Authority Documents A. Each Membershall adopt an ordinance or resolution in accordance with Public Utilities CodeSection 366.2(c)(l2) for the purpose ofspecifying that the Member intends to implement a CCA Program by and through its participation in the Authority.

B. Each Member that wishes to participate in theCCA Program shall adopt a resolution expressing its desire to become a Member to this Agreement, and its intention to have the territory of the Member's jurisdiction included in the service territory of the CCA.

C. Each New Voting Member that wishes to participate in the PACE Program shall adopt a resolution authorizing it to become a Voting Member under this Agreement.

Execution by such New Voting Member of this Agreement shall constitute consent to Authority undertaking contractual assessment proceedings under Chapter 29 for all of the properties in such New Voting Member's incorporated area and to the contractual assessment financing of certain improvements (as enumerated from time to time in Chapter 29, "Improvements") by Authority, upon therequest by and voluntary agreement of owners ofsuch properties, in compliance with the laws, rules and regulations applicable to the Authority's PACE Program, and to the assumption of jurisdiction thereover by Authority for the purposesthereof. Execution by such New Voting Member of this Agreement shall alsoserve to authorize Authority to take each step required for it to provide contractual assessment financing for the Improvements, including the levying, collecting and enforcement of contractual assessments to finance the Improvements and the issuance and enforcement of bonds and other financing instruments to represent and be secured by such contractual assessments.

The New Voting Membersshall not be required to adopt a PACE Agreement and shall not be subject to the rights and obligationsset forth therein, but shall instead, upon becoming Voting Members hereunder, be subject to the rights and obligations expressly set forth herein.

The Authority may additionally provide PACE Programs pursuant to Chapter 29 within the boundaries of non-voting Associate Members,asdescribed further in Section 16 herein.

D. Implementation Plan and Statement of Intent. The Authority shall cause to be prepared an Implementation Plan and Statement of Intent meeting the requirements of California Public Utilities Code Section 366.2 and any applicable California Public Utilities Commission regulations. The Implementation Plan and Statement of Intent shall specify the service territory of the CCA to be within the boundaries of the Member jurisdictions that have taken the actions specified in A and B above. The Implementation Plan and Statement of Intent shall not be filed with the California Public Utilities Commission until it is approved by the Board in the manner provided in Section 5.

If a City or County adopts an ordinance and resolution pursuant to A and B above, expressing its desire to become a Member to this Agreement subsequent to the filing of the then most recently filed Implementation Plan and Statement of Intent, the Board shall direct the preparation and filing of a new or amended Implementation Plan and Statement of Intent to include the territory of the County or City as soon as reasonably practicable. The Board may require the County or City to pay the cost of preparation and submission of the Implementation Plan and Statement of Intent. Upon California Public Utilities Commission certification of the new or amended Implementation Plan and Statement of Intent, the Board shall take action to approve membership of the County or City. The County or City shall then be entitled to all rights under this Agreement, including a seat on the Board and voting rights pursuant to Section 5.A and Section 8.

E. Termination of CCA and PACE Program. Nothing contained in this Article orthis Agreement shall be construed to limit the discretion of the Authority to terminate the implementation or operation of theCCA or the PACE Program at any time in accordance with any applicable requirements ofstatelaw.

F. Authority Documents. The Members acknowledge and agree that the affairs of the Authority will be implemented through various documents duly adopted by the Board through Board resolution. The Members agree toabide by and comply with the terms and conditions of allsuch documents that may be adopted by the Board, subject to the Members' right to withdraw from the Authority as described in Section 14.

Section 11. Records and Reports
The Board shall establish reporting requirements and directstaff tomaintain such reports, including, but not limited to, funds and accounts as may be required by good accounting practice or by law. All books and records of the Authority shall be open to inspection at all reasonable times by any Member to this Agreement or itsrepresentatives. Annual audits of the Authority's IO
11 accounts and recordsshall be made by an independent CPA firm,and reportsshall be filed in the manner provided in Section 6505 of theCalifornia Government Code.

Section 12. Debts. Liabilities and Obligations
The Authority is a public agency separate from the Members. Pursuant toSections 6508.1 of the Act, the debts, liabilities or obligations of the Authority shall not bedebts, liabilities or obligations of the individual Members unlessthe governing board of a Member agrees in writing to assume any of the debts, liabilities or obligations of the Authority. AMember who has not agreed to assume an Authority debt, liability or obligation shall not be responsible in any way for such debt,liability or obligation even if a majority of the Members agree to assume the debt, liability or obligation of the Authority. Should any debt, liabilityorobligation of the Authority not be waived or allowed payable through assets of the Authority, noneof theCounty or City membersshall be liable, except as provided by Government Code sections 895 through 895.8.

Section 13. Insurance and Indemnity
TheAuthority shall acquire and maintain such insurance coverage asis necessary to protect the interests of the Authority, the Members, and the public.The insurance shall also contain a written endorsement tosuch policy or policies, which names each of the [Voting Members] as additional insureds. The Authority shall defend, indemnify, and hold harmless the Members, and each of their respective Board orCouncil members, officers, agents and employees, from any and all claims, losses, damages, costs, injuries, and liabilities of every kind arising directly or indirectly from the conduct, activities, operations, acts, and omissions of the Authority under this Agreement.

Section 14. Withdrawal
A. Right toWithdraw by Voting Member. A Voting Member may withdraw its participation in theCCA Program, effective as of thebeginning of the Authority's fiscal year, by giving no less than 12 months advancewritten notice of its election to doso, which notice shall be given to the Authority and each Voting Member.

Withdrawal of a Voting Membershall require an affirmative vote of its governing board.

B. Right toWithdraw By Voting Member After Amendment. NotwithstandingSection 14A, a Voting Member may withdraw its membership in the Authority following an amendment to this Agreement adopted by the Board which theBoard Member appointed as a Voting Member voted against provided such notice is given in writing within thirty (30) daysfollowing the date of the vote. Withdrawal of a Member shall require an affirmative vote of its governing board andshall not besubject to the twelve month advance notice provided in Section 14A. In the event ofsuch withdrawal, the Member shall be subject to the provisions of Section 15B.

C. Continuing Liability; Further Assurances. A Voting Member that withdraws its participation in the CCA Program may be subject to certain continuing liabilities, as described in Section 15B. The withdrawing Voting Member and the Authority shall 12 execute and deliver all further instruments and documents, and take any further action that may be reasonably necessary, as determined by the Board, to effectuate the orderly withdrawal of such Voting Member from participation in the CCA Program.

D. Withdrawal of Associate Member. The rights of an Associate Member to withdraw from the Authority shall be governed by the applicable PACE Agreement or CCC Agreement.

Section 15. Termination
A. Involuntary Termination of a Member. Participation of a Member in the CCA program may be terminated for material non-compliancewith provisions of this Agreement or any other agreement relating to the Member's participation in theCCA Program upon a vote of Board Members as provided in Section 8A. Prior to any vote to terminate participation with respect to a Member, written notice of the proposed termination and the reason(s) forsuch termination shall be delivered to the Member whose termination is proposed at least 30 clays prior to the regular Board meeting at which such mattershall first be discussed as an agenda item. The written notice of proposed termination shallspecify the particular provisions of this Agreement or other agreement that the Member has allegedly violated. The Membersubject to possible termination shall have the opportunity at the next regular Board meeting to respond to any reasons and allegations that may be cited as a basisfor termination prior to a vote regarding termination. A Member that has had its participation in the CCA Program terminated may be subject to certain continuing liabilities, as described in Section 15B .

B. Continuing Liability; Refund. Upon a withdrawal or involuntary termination of a Member, the Membershall remain responsible for any claims, demands, damages, or liabilities arising from the Member's membership or participation in the CCA Program through the elate of its withdrawal or involuntary termination, it being agreed that the Membershall not be responsible for any liabilities arising after the date of the Member's withdrawal or involuntary termination. Claims, demands, damages, or liabilitiesfor which a withdrawing or terminated Member may remain liable include, but are not limited to, lossesfrom the resale of power contracted for by the Authority to serve the Member's load. With respect to such liability, upon notice by an Member that it wishesto withdraw from the program, the Authority shall notify the Member of the minimum waiting period under which the Member would have no costsfor withdrawal if the Member agreesto stay in the CCA Program for such period. The waiting period will be set to the minimum duration such that there are no costs transferred to remaining ratepayers. If the Member electsto withdraw before the end of the minimum waiting period, the charge for exiting shall be set at a dollar amount that would offset actual coststo the remaining ratepayers, and may not include punitive chargesthat exceed actual costs. In addition, such Member also shall be responsible for any costs or obligations associated with the Member's participation in any program in accordance with the provisions of any agreements relating to such program provided such costs or obligations were incurred prior to the withdrawal of
15 the Member. The Authority may withhold funds otherwise owing to the Member or may require the Member to deposit sufficient funds with the Authority, as reasonably determined by the Authority and approved by a voteof the Board, to cover the Member's liability for the costs described above. Any amount of the Member's funds held on deposit with the Authority above amounts notrequired to pay any liabilities or obligations shall be returned to the Member. The liability of any Member under thissection 15B issubject and subordinate to the provisions of Section 12, and nothing in thissection 15B shall reduce, impair, or eliminate any immunity from liability provided by Section 12.

C. Mutual Termination. This Agreement may be terminated by mutual agreement of all theVoting Members; provided, however, the foregoing shall not be construed as limiting the rights of a Associate Member to withdraw its participation in theCCA Program, as described in Section 14A.

D. Disposition of Property upon Termination of Authority. Upon termination of this Agreement, any surplus money or assets in possession of the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any program documents, shall be returned to the then-existing Voting Members in proportion to the contributions made by each. If no such contributions have been made, then such surplus after payment of all liabilities, costs, expenses, and charges shall be distributed to each Voting Member based on Annual Energy Use Divided by Total Annual Energy, multiplied by 100. "Annual Energy Use" means the annual electricity usage, expressed in kilowatt hours ("kWh") within the Voting Member's respective jurisdiction, and "Total Annual Energy" means the sum of all the Members Annual Energy Use. All measures of kilowatt hours shall be set using the electric load forecast upon which the current annual budget was based. If a Member has more than one Board Member, the distribution will be made pursuant to the above calculation as it relates to the respective jurisdiction.

E. Negotiations with Associate Members. If the VotingMembers wish to terminate this Agreement, or if the Voting Members elect to withdraw from theCCA Program following an amendment to this Agreement as provided in Section 14B, but two or more Associate Members wish to continue to participate in theCCA Program, the Voting Members will negotiate in good faith with such Associate Membersto allow the Associate Members to become the Voting Members to this Agreement or to effect a transfer of CCA Program operations to another entity.

Section 16. Associate Members
With the approval of the Board, any qualified public agency (as defined by Section 6500 of the JPA law) may become a non-voting Associate Member of this Agreement for purposes of participating in the CCA Program. A public agency requesting such membership may apply by presenting to the Authority a resolution of the public agency approving of thisform of participation.
15 Any qualified public agency (as defined bySection 6500 of theJPA law) may become a non-voting Associate Member of this Agreement for purposes of participating in the PACE Program upon (i) such qualified public agency (a) adopting a resolution expressing itsdesire to become a non-voting Associate Member to this Agreement and authorizing the implementation of a PACE Program within the boundaries of its jurisdiction and (b) executing a PACE Agreement and (ii) theBoard approving the qualified public agency as a non-voting Associate Member.

The date and terms upon which the applying public agency will become a non-voting Associate Member will be determined by theBoard and setforth in a CCA Agreement or PACE Agreement, as applicable.

Section 17. Termination of Powers
The Authority shall continue to exercise the powers herein conferred upon it until termination of this Agreement, and thereafter shall continue to exercise only such powers astoenable it to pay and discharge all costs, expenses, and chargeslegally incurred hereunder, and to dispose of, divide and distribute any property required as a result of the joint exercise of such powers.

Section 18. Disposition of Assets: Property and Money
Upon termination of this Agreement under Section 14, all costs,expenses, and chargeslegally incurred by the Authority shall be paid and discharged; and the Authority shall sell such property as may be necessary and shall distribute to the federal orState government such property and funds as are lawfully required; the balance ofsuch property and any surplus money on hand shall be distributed orreturned in proportion tocontributions made bythe affected Members except to the extent otherwise agreed upon by the affected Members.

Section 19. Amendments
This Agreement may not be amended except by a written amendment approved by a vote of Board members as provided in Section 8.The Authority shall provide written notice to all Members of amendments to this Agreement, including the effective date of such amendments, at least 30 days prior to the date upon which the Board votes on such amendments. Any amendment required to add a new Voting Membershall only be executed by the Voting Members. Any amendment required to add a new Associate Membershall only be executed by the new Associate Member and the Authority.

Section 20. Severability
Should any part, term or provision of this Agreement be decided by a court of competent jurisdiction to be illegal or in conflict with any law of the State of California, or otherwise be rendered unenforceable or ineffectual, the validity of the remaining portions of provisions shall not be affected thereby.

Section 21. Entire Agreement
This Agreement contains the entire agreement between the Members and supersedes all prior understanding between them with respect to the subject matter of this Agreement. There are no 15 promises, terms, conditions or obligations, oral or written, between or among the Members relating to the subject matter of this Agreement that are not fullyexpressed in this Agreement.

This Agreement may not be modified, changed,supplemented orterminated, nor may any obligation underthis Agreement be waived, except as provided in Section 19.

Section 22. Counterparts and Effective Date
This Agreement may be executed in counterparts and be us valid and binding as if each Member signed the same copy. A faxed copy of the executed signature page shall be sufficient to cause the terms of this Agreement to become fully operative. The effective date of the Agreement shall be the date the second member has executed the Agreement.

WITNESS THE AGREEMENT HEREOF the date set opposite our respective entities:

13065-0001\2852296v7.doc

SECOND AMENDED AND RESTATED JOINT EXERCISE OF POWERS

AGREEMENT FOR THE SIERRA VALLEYPIONEER COMMUNITY ENERGY

AUTHORITY
THISThis Second Amended and Restated Joint Exercise of Powers Agreement (hereafter “Agreement”) amends and restates the Amended and Restated Joint Exercise of Powers Agreement for the SIERRA VALLEY(“Amended and Restated JPA”), with the effective date of February 22, 2017, for PIONEER COMMUNITY ENERGY AUTHORITY, (hereafter “Authority”) originally entered as of September 9, 2015, (the “Original Agreement”) which was by and between the COUNTY OF PLACER, and the CITY OF COLFAX, bothPioneer”), as amended and executed pursuant to Amendments No. 1 through 5, by and among the Voting Members (including the New Voting Members) and the Associate Members listed in Exhibit A to this Agreement, all public entities of the State of California. By this amendment and restatement it becomes a Joint Exercise of Powers Agreement by and between the COUNTY OF PLACER, the CITY OF COLFAX and the cities of Rocklin, Lincoln and Auburn and the town of Loomis within the County of Placer who become signatories to this Agreement (the “New Voting Members”, and together with the County of Placer and the City of Colfax, the “Voting Members”), as well as those local agencies that become signatories to this Agreement as Associate Members, and relates to the joint exercise of powers among all of the signatories hereto either as Voting Members or Associate Members (hereafter collectively referred to as the “Members”).

RECITALS:

A. Whereas, each of the Members has a vested interest in the economic well-being of its respective jurisdiction and the region as a whole as well as energy efficiency and clean energy growth and development;
B. Whereas, the Members desire to enter into this Agreement to provide for local control of energy resources, the adoption of programs to foster economic development, energy efficiency, and resource conservation, and to further define and describe the scope of powers to be exercised by the AuthorityPioneer; C. Whereas, the Members share various powers under California law, including but not limited to the power to aggregate electric load, to purchase and supply electricity for themselves and customers within their jurisdictions, and the power to enter into voluntary contractual assessments with property owners to provide financing for the installation of public and private improvements authorized within their jurisdictions;
D. Whereas, the purposes for entering into this restated Agreement include, but are not limited to:
1) Providing electric power and other forms of energy to customers at a competitive cost;
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2) Promoting long-term electric rate stability and energy security and reliability for residents through local control of electric generation resources and the overall power supply portfolio.
3) Carrying out programs to reduce energy consumption;
4) Stimulating and sustaining the local economy by developing local jobs in renewable energy; and
5) Reducing greenhouse gas emissions related to the use of electric power and other forms of energy in Placer County and neighboring regions; E. Whereas, it is the intent of this Agreement to promote the development and use of a wide range of energy sources and energy efficiency programs, including but not limited to hydroelectric, biomass, landfill gas, conversion of waste-to-energy, solar, and wind energy production;
F. Whereas, Pacific Gas and Electric and Liberty Energy are the investor owned providers of retail electric service throughout the Voting Member jurisdictions and a Community Choice Aggregator is authorized to aggregate electrical load served by such investor owned providers within its members’ jurisdiction. Each of the Voting Members must adopt an ordinance electing to implement through the AuthorityPioneer a common Community Choice Aggregation pursuant to California Public Utilities Code Sections 331.1(b) and 366.2(12)(A).¶ G. Whereas, on September 9, 2015 the County of Placer and the City of Colfax entered into the original Joint Exercise of Powers Agreement for the purpose of establishing the Sierra Valley Energy Authority as a joint powers authority under the Joint Exercise of Powers Act, Government Code Section 6500, et seq.; and ¶ H. Whereas, the Amended and Restated JPA became effective on February 22, 2017 and authorized the Cities of Auburn, Lincoln, Rocklin, and the Town of Loomis to become Voting Members of the Joint Exercise of Powers Agreement and established a Community Aggregation Program within the jurisdictions of the Voting Members; and¶
I. Whereas, Resolution No. 2017-3 of the Sierra Valley Energy Authority approved a name change from Sierra Valley Energy Authority to Pioneer Community Energy, as it is known today; and ¶
J. Whereas, Amendment No. 1 to the Amended and Restated JPA, which was approved by the Governing Board on December 27, 2020 and became effective March 9, 2021, authorized the County of El Dorado and the City of Placerville to become Voting Members; and ¶
K. Whereas, Amendments No. 2 through 4 to the Amended and Restated JPA made certain changes to the Amended and Restated JPA; and¶
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L. Whereas, Amendment No. 5 to the Amended and Restated JPA, which was approved by the Governing Board on October 25, 2022 and became effective February 27, 2023, authorized the City of Nevada City and the City of Grass Valley as Voting Members; and ¶
M. Whereas, the Voting Members wish to amend and restate the Amended and Restated JPA to clean up and streamline the Agreement.

NOW THEREFORE, in consideration of the mutual promises, covenants and conditions herein, the Members hereto agree to establish a joint powers authority as follows:

Section 1. Authority for this Joint Exercise of Powers Agreement This Agreement is made pursuant to Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (commencing with Section 6500) relating to the joint exercise of power common to the counties and public agencies and other powers specified therein (hereinafter the “Act”). Under Sections 6505 and 6507 of the Act, the AuthorityPioneer is a public agency separate from its Members. As provided by Section 6508.1 of the Act, and Section 12 hereof the debts, liabilities or obligations of the AuthorityPioneer shall not be the debts, liabilities or obligations of the individual Members, unless the governing body of a Member agrees in writing to assume any of those debts, liabilities or obligations.

Section 2. Purpose of Agreement
The purpose of this Agreement is to establish an independent public agency in order to exercise powers common to the Members and other powers granted to the AuthorityPioneer under the Act, to study, promote, develop, conduct, operate, and manage energy, energy efficiency and conservation, and other energy-related programs, to exercise all other powers necessary and incidental to accomplishing these purposes, and to provide a Community Choice Aggregation (hereinafter “CCA”) Program, pursuant to California Public Utilities Code Sections 331.1 and 366.2, and as further described in Section 10.

Without limiting the generality of the foregoing, the Members also intend for this Agreement to be used as a mechanism by which Voting Members and non-voting Associate Members may authorize the AuthorityPioneer to provide Property Assessed Clean Energy (“PACE”) Programs pursuant to Chapter 29 of the Improvement Bond Act of 1911, Division 7 of the California Streets and Highways Code (“Chapter 29”). The AuthorityPioneer may provide PACE Programs pursuant to Chapter 29 within the boundaries of each Voting Member as set forth in Section 10(C) herein, and within the boundaries of each non-voting Associate Member as set forth in Sections 16 herein. The Members intend that other agreements with Associate Members shall define the terms and conditions associated with the implementation of the CCA Program, the PACE Program, and any other energy programs approved by the AuthorityPioneer within the -4-
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territorial jurisdiction of such Associate Members. As of the Effective Date of this Agreement, the Associate Members include the County of Nevada, County of Sacramento, City of Grass Valley, City of Folsom, City of Nevada City and Town of Truckee.

Section 3. Effective Date and Term
This Agreement shall be effective as ana second amendment and restatement of the Original Agreement, and the AuthorityPioneer shall continue to exist as a separate public agency under the terms of this Agreement upon executionafter approval and signature of the Second Amended and Restated Agreement by the County of PlacerNew Members and after the City of ColfaxCalifornia Public Utilities Commission certifies the Implementation Plan filed by Pioneer to include the New Members. This Agreement shall be in full force and effect until terminated in the manner herein provided, subject to the rights of the Members to withdraw from the AuthorityPioneer.

Section 4. Powers
The AuthorityPioneer shall have all powers common to the Members, and such additional powers accorded to it by law, including the power to develop and implement comprehensive energy and resource development and conservation programs, as described herein. Unless state or federal law provides otherwise, any facilities, buildings or structures located, constructed, or caused to be constructed by the AuthorityPioneer within the territory of the AuthorityPioneer shall comply with the General Plan, zoning and building laws of the local jurisdiction within which the facilities, buildings or structures are constructed and comply with the California Environmental Quality Act (CEQA). As required by Government Code Section 6509, the power of the AuthorityPioneer is subject to the restrictions upon the manner of exercising power possessed by the City of Colfax.

The AuthorityPioneer is authorized, in its own name, to exercise all powers and do all acts necessary and proper to carry out the provisions of this Agreement and fulfill its purposes, including, but not limited to, each of the following powers, subject to the voting requirements set forth in Section SC5C and Section 8:

A. to make and enter into contracts;
B. to employ agents and employees, including but not limited to an Executive Director;
C. to acquire, contract, manage, maintain, and operate ally buildings, infrastructure, works, or improvements;
D. to acquire property by eminent domain, or otherwise, except as limited under Section 6508 of the Act, and to hold or dispose of any property; E. to lease any property;
F. to sue and be sued in its own name;
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G. to incur debts, liabilities, obligations and to issue bonds, and to make and enter into agreements and other documents of any nature whatsoever as may be necessary or convenient in the exercise of the powers provided under the Marks-Roos Local Bond Pooling Act of 1985, as amended, and other provisions of California law that authorize public agencies to issue bonds and incur indebtedness, including but not limited to loans from private lending sources pursuant to its temporary borrowing powers such as Government Code Sections 53850 et. seq.;
H. to form subsidiary or independent corporations or entities, if necessary to carry out energy supply and energy conservation programs and to take advantage of legislative or regulatory changes;
I. to deposit its money pursuant to Section 6505.5 of the Act and to invest its money which is not required for the immediate use of the AuthorityPioneer, as the AuthorityPioneer determines is advisable in the same manner and upon the same conditions as local agencies, pursuant to Section 53635 of the California Government Code;
J. to apply for, accept, and receive all licenses, permits, grants, loans or other aids from any federal, state, or local public agency;
K. to submit documentation and notices, register, and comply with orders, tariffs and agreements for the establishment and implementation of the CCA Program and other energy programs;
L. to adopt rules, regulations, policies, bylaws and procedures governing the operation of the AuthorityPioneer (“Operating Rules and Regulations”); M. to establish and operate a CCA program, and make and enter into service agreements relating to the provision of services necessary to plan, implement, operate and administer the CCA Program, including the acquisition of electric power supply and the provision of retail and regulatory support services; N. to establish and operate one or more PACE programs pursuant to Chapter 29, and to enter into one or more agreements, including without limitation, participation agreements, implementation agreements and joint powers agreements and amendments thereto to fulfill such programs both within and outside the jurisdictional boundaries of the AuthorityPioneer;
O. O to establish a non-voting “Associate Member” status that provides membership in the AuthorityPioneer to jurisdictions that are outside jurisdictional boundaries of the AuthorityPioneer’s Voting Members, but within whose boundaries a PACE, CCA, or other energy program is established and implemented by the AuthorityPioneer on behalf of the Associate Member. Said jurisdictions shall adopt one or more agreements (a “PACE Agreement”, “CCA Agreement”, or other energy program agreement, as applicable) on terms and conditions established by the AuthorityPioneer. The rights of Associate Members -6-
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shall be limited solely to those terms and conditions expressly set forth in the PACE Agreement, CCA Agreement or other energy program agreement for the purposes of implementing the PACE Program, CCA Program or other energy program, respectively, within the jurisdictional boundaries of the Associate Member. Except as expressly provided for by the PACE Agreement, CCA Agreement or other energy program agreement, Associate Members shall not have any rights otherwise granted to AuthorityPioneer Members by this Agreement, including but not limited to the right to vote, the right to amend this Agreement and the right to sit on committees or boards established under this Agreement;
P. to execute agreements for the purpose of authorizing the AuthorityPioneer to implement, manage and administer area-wide and regional programs in the interest of providing energy supply, development of energy generation, energy efficiency, resource conservation, local public welfare and other economically related energy programs. The costs incurred by the AuthorityPioneer in implementing a program, including indirect costs, shall be costs of the AuthorityPioneer and shall not be assessed to the Members, unless approved by the Governing Body of the Member.

Section 5. Governance and Internal Organization
A. Governing Board. The governing body of the AuthorityPioneer shall consist of up to a eleven (11) person Board, consisting of two (2) members of the Placer County Board of Supervisors, and one (1) member each for all other Voting Members, appointed respectively by the El Dorado County Board of Supervisors, the Cities of Auburn, Colfax, Grass Valley, Rocklin, Lincoln, Nevada City, Placerville and the Town of Loomiseach Voting Member that is or becomes a signatory to this Agreement (“Board Member”). The total number of Board Members shall equal the total number of Voting Members listed in Exhibit A plus one (1).

The BoardBoards of Supervisors from Placer County, the Board of Supervisors from El Dorado County, and the City/, City Councils and Town Councils set out aboveof the Voting Members listed in Exhibit A shall respectively appoint such member(s) set out above and not less than one alternate member per Board Member. The term of office of each Board Member and respective alternate may be terminated at any time by the appointing Board of Supervisors or, City/ Council or Town Council. The designated alternate shall have authority to attend, participate, and vote at any meeting of the Board whenever the regular member, for whom they are designated to act as an alternate, is absent from the meeting.

B. Quorum. The majority of the members of the Board shall constitute a quorum.

No action may be taken by the Board unless a quorum is present, except that less than a quorum may adjourn a meeting from time to time.
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C. Powers and Function of Board. The Board will exercise governance, policy guidance and oversight over the business and activities of the AuthorityPioneer, consistent with this Agreement and applicable law. Action by the AuthorityUnless otherwise specified in Section 8, action by Pioneer Board will be taken by majority vote of the Board Members present.

D. Chairperson. The Chairperson and Vice Chairperson of the Board shall be selected by the Board from its members. The term of office of the Chairperson and Vice Chairperson shall each be one calendar year.

E. Secretary. The Board shall appoint a Secretary to the Board who need not be a member of the Board, who shall be responsible for keeping the minutes of all meetings of the Board and all other official records of the AuthorityPioneer.

F. Meetings. All meetings of the Board shall be held subject to the provisions of the Ralph M. Brown Act, Division 2, Chapter 9 of the California Government Code (hereafter, the “Brown Act”). The Board shall hold at least four regular meetings per year, but the Board may provide for the holding of regular meetings at more frequent intervals. The date, hour and place of each regular meeting shall be fixed by resolution or ordinance of the Board. Regular meetings may be adjourned to another meeting time. Special meetings of the Board may be called in accordance with the provisions of California Government Code Section 54956. Directors may participate in meetings telephonically, with full voting rights, only to the extent permitted by law.

G. Bylaws. The Board shall adopt bylaws for the conduct of business that shall not be inconsistent with the provisions of this Agreement, and the laws of the State of California.

H. Board Member Compensation. Board Members shall serve without compensation from the AuthorityPioneer. However, Board Members may be compensated by their respective appointing authorities. The Board, however, may adopt by resolution a policy relating to the reimbursement by the AuthorityPioneer of expenses incurred by Board Members.

Section 6. Executive Director and Other Staff
A. Executive Director. The Board shall appoint an Executive Director for the AuthorityPioneer, who shall be responsible for the day-to-clay operation and management of the AuthorityPioneer. The Executive Director may exercise all powers of the AuthorityPioneer, except the powers specifically set forth in Section 4, or those powers that by law must be exercised by the Board. The Executive Director shall hire and supervise any AuthorityPioneer employees or consultants.

B. Executive Director Reports to the Board. The Executive Director shall prepare, no later than the 20th day of each first month of each fiscal quarter, a report to the Board on the operations of the AuthorityPioneer during the preceding fiscal -8-
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quarter. The Bylaws shall specify the information to be included in the Executive Director’s reports.¶
C. Services Providers. The Executive Director may appoint one or more services providers to serve as the AuthorityPioneer’s agent(s) for planning, implementing, operating and administering the PACE Program, the CCA Program, and any other program approved by the Board, in accordance with the provisions of a written agreement between the AuthorityPioneer and the appointed administrative services provider or providers (a “Services Agreement”). The appointed services provider may be one of the Voting Members. A Services Agreement shall set forth the terms and conditions by which the appointed administrative services provider shall perform or cause to be performed all tasks necessary for planning, implementing, operating and administering the PACE Program, the CCA Program and other approved programs. The Services Agreement shall set forth the term of the Agreement and the circumstances under which the Services Agreement may be terminated by the AuthorityPioneer. This section shall not in any way be construed to limit the discretion of the AuthorityPioneer to hire its own employees to administer the PACE Program, the CCA Program or any other program.

D. Independent Monitor. The Board may appoint or contract for the services of an independent monitor to review programs operated by the AuthorityPioneer and to report to the Board.

E. Advisory Commissions, Boards or Committees. The Board may establish any advisory commissions, boards, and committees as the Board deems appropriate to assist the Board in carrying out its functions and implementing the CCA Program, other energy programs and the provisions of this Agreement which shall comply with the requirements of the Brown Act. The Board may establish rules, regulations, policies, bylaws or procedures to govern any such commissions, boards, or committees.

Section 7. Treasurer and Auditor-Controller
The Governing Board shall appoint a Treasurer for the AuthorityPioneer. The Treasurer shall be the depository of the AuthorityPioneer and shall have all of the duties and responsibilities specified in Section 6505.5 of the Act. The duties and obligations of the Treasurer are further specified in Section 9. The Governing Body shall appoint an Auditor-Controller for the AuthorityPioneer in compliance with the Act. The Auditor-Controller of the AuthorityPioneer shall make or contract with a certified public accountant to cause an annual audit in compliance with Section 6506 of the Act. The authorityPioneer of the Board to appoint a Treasurer and Auditor/Controller shall include the authorityPioneer to combine both offices to be held by one officer or employee pursuant to section 6505.6 of the Act. -9-
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Section 8. Special Voting Requirements and Voting Shares A. Involuntary Termination or Amendment. Action of the Board on the matters set forth in Section 1415A (involuntary termination of a Member), or Section 18 (amendment of this Agreement) shall require the affirmative vote of at least two-thirds of the Board Members; provided, however, that for votes to involuntarily terminate a Member under Section 14A, the Board Member(s) for the Member subject to involuntary termination may not vote, and the number of Board Members constituting two-thirds of all Board Members shall be recalculated as if the Voting Member subject to possible termination were not a Voting Member.¶
B. Amendment. Action of the Board on matters set forth in Section 19 (amendment of this Agreement) shall require an affirmative vote of at least two-thirds of the Board members.

C. B. Eminent Domain. A decision to exercise the power of eminent domain on behalf of the AuthorityPioneer to acquire any property interest other than an easement, right-of-way, or temporary construction easement shall require a vote of at least two-thirds of all Board Members.

D. C. Contributions by Members. The imposition on any Member of any obligation to make contributions or pledge assets as a condition of continued participation in the PACE Program, the CCA Program, or other energy programs shall require a vote of at least two-thirds of all Board Members and the approval of the governing boards of the Members and Associate Members who are being asked to make such contribution or pledge.

Section 9. Financial Provisions
A. Fiscal Year. For the purposes of this Agreement, the AuthorityPioneer shall have such fiscal year from July 1 to and including the following June 30.

B. Depository. All funds of the AuthorityPioneer shall be held in separate accounts in the name of the AuthorityPioneer and not commingled with funds of any Member or any other person or entity. All funds of the AuthorityPioneer shall be strictly and separately accounted for, and regular reports shall be rendered of all receipts and disbursements, at least quarterly during the fiscal year. The books and records of the AuthorityPioneer shall be open to inspection by the Members at all reasonable times, The Board shall contract with a certified public accountant to make an annual audit of the accounts and records of the AuthorityPioneer, which shall be conducted in accordance with the requirements of Section 6505 of the Act.

C. Expenditures. All expenditures shall be made in accordance with the approved budget and upon the approval of any officer so authorized by the Board in accordance with its Operating Rules and Regulations. The Treasurer shall draw -10-
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checks or warrants or make payments by other means for claims or disbursements not within an applicable budget only upon the prior approval of the Board.

D. Budget. The initial budget shall be approved by the Board. The Board may revise the budget from time to time through an AuthorityPioneer Document as may be reasonably necessary to address contingencies and unexpected expenses.

All subsequent budgets of the AuthorityPioneer shall be approved by the Board in accordance with the Operating Rules and Regulations.

E. Funding of Initial Costs. The County of Placer has funded certain activities necessary to implement the CCA Program. If the CCA Program becomes operational, these initial costs paid by the County of Placer shall be included in the customer charges for electric services as provided by Section 14 to the extent permitted by law, and the County of Placer shall be reimbursed from the payment of such charges by customers of the Authority. Prior to such reimbursement, the County of Placer shall provide such documentation of costs paid as the Board may request. In the event that the CCAThese costs were repaid in full when the CCAP Program does not becomebecame operational, the County of Placer shall not be entitled to any reimbursement of the initial costs it has paid from the Authority or any Member.

F. CCA Program Costs. The Members desire that all costs incurred by the AuthorityPioneer that are directly or indirectly attributable to the provision of electric, conservation, efficiency, incentives, financing, or other services provided under the CCA Program, including but limited to the establishment and maintenance of various reserves and performance funds and administrative, accounting, legal, consulting, and other similar costs, shall be recovered through charges to CCA customers receiving such electric services, or from revenues from grants or other third-party sources.

Section 10. Implementation Action and AuthorityPioneer Documents A. Each Member shall adopt an ordinance or resolution in accordance with Public Utilities Code Section 366.2(c)(12) for the purpose of specifying that the Member intends to implement a CCA Program by and through its participation in the AuthorityPioneer.

B. Each Member that wishes to participate in the CCA Program shall adopt a resolution expressing its desire to become a Member to this Agreement, and its intention to have the territory of the Member’s jurisdiction included in the service territory of the CCA.

C. Each New Voting Member that wishes to participate in the PACE Program shall adopt a resolution authorizing it to become a Voting Member under this Agreement. Execution by such New Voting Member of this Agreement shall constitute consent to AuthorityPioneer undertaking contractual assessment proceedings under Chapter 29 for all of the properties in such New Voting -11-
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Member’s incorporated area and to the contractual assessment financing of certain improvements (as enumerated from time to time in Chapter 29, “Improvements”) by AuthorityPioneer, upon the request by and voluntary agreement of owners of such properties, in compliance with the laws, rules and regulations applicable to the AuthorityPioneer’s PACE Program, and to the assumption of jurisdiction thereover by AuthorityPioneer for the purposes thereof.

Execution by such New Voting Member of this Agreement shall also serve to authorize AuthorityPioneer to take each step required for it to provide contractual assessment financing for the Improvements, including the levying, collecting and enforcement of contractual assessments to finance the Improvements and the issuance and enforcement of bonds and other financing instruments to represent and be secured by such contractual assessments. The New Voting Members shall not be required to adopt a PACE Agreement and shall not be subject to the rights and obligations set forth therein, but shall instead, upon becoming Voting Members hereunder, be subject to the rights and obligations expressly set forth herein.

The AuthorityPioneer may additionally provide PACE Programs pursuant to Chapter 29 within the boundaries of non-voting Associate Members, as described further in Section 16 herein.

D. Implementation Plan and Statement of Intent. The AuthorityPioneer shall cause to be prepared an Implementation Plan and Statement of Intent meeting the requirements of California Public Utilities Code Section 366.2 and any applicable California Public Utilities Commission regulations. The Implementation Plan and Statement of Intent shall specify the service territory of the CCA to be within the boundaries of the Member jurisdictions that have taken the actions specified in A and B above. The Implementation Plan and Statement of Intent shall not be filed with the California Public Utilities Commission until it is approved by the Board in the manner provided by Section 5.

If a City or County adopts an ordinance and resolution pursuant to A and B above, expressing its desire to become a Member to this Agreement subsequent to the filing of the then most recently filed Implementation Plan and Statement of Intent, the Board shall direct the preparation and filing of a new or amended Implementation Plan and Statement of Intent to include the territory of the County or City as soon as reasonably practicable. The Board may require the County or City to pay the cost of preparation and submission of the Implementation Plan and Statement of Intent. Upon California Public Utilities Commission certification of the new or amended Implementation Plan and Statement of Intent, the Board shall take an action to approve the membership of the County or City. The County or City shall then be entitled to all rights under this Agreement, including a seat on the Board and voting rights pursuant to Section 5.A and Section 8.

E. Termination of CCA and PACE Program. Nothing contained in this Article or this Agreement shall be construed to limit the discretion of the AuthorityPioneer -12-
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to terminate the implementation or operation of the CCA or the PACE Program at any time in accordance with any applicable requirements of state law.

F. AuthorityPioneer Documents. The Members acknowledge and agree that the affairs of the AuthorityPioneer will be implemented through various documents duly adopted by the Board through Board resolution. The Members agree to abide by and comply with the terms and conditions of all such documents that may be adopted by the Board, subject to the Members’ right to withdraw from the AuthorityPioneer as described in Section 14.

Section 11. Records and Reports
The Board shall establish reporting requirements and direct staff to maintain such reports, including, but not limited to, funds and accounts as may be required by good accounting practice or by law. All books and records of the AuthorityPioneer shall be open to inspection at all reasonable times by any Member to this Agreement or its representatives. Annual audits of the AuthorityPioneer’s accounts and records shall be made by an independent CPA firm, and reports shall be filed in the manner provided in Section 6505 of the California Government Code.

Section 12. Debts, Liabilities and Obligations
The AuthorityPioneer is a public agency separate from the Members. Pursuant to Sections 6508.1 of the Act, the debts, liabilities or obligations of the AuthorityPioneer shall not be debts, liabilities or obligations of the individual Members unless the governing board of a Member agrees in writing to assume any of the debts, liabilities or obligations of the AuthorityPioneer. A Member who has not agreed to assume an Authoritya Pioneer debt, liability or obligation shall not be responsible in any way for such debt, liability or obligation even if a majority of the Members agree to assume the debt, liability or obligation of the AuthorityPioneer. Should any debt, liability or obligation of the AuthorityPioneer not be waived or allowed payable through assets of the AuthorityPioneer, none of the County or City members shall be liable, except as provided by Government Code sections 895 through 895.8.

Section 13. Insurance and Indemnity
The AuthorityPioneer shall acquire and maintain such insurance coverage as is necessary to protect the interests of the AuthorityPioneer, the Members, and the public. The insurance shall also contain a written endorsement to such policy or policies, which names each of the [Voting Members] as additional insureds. The AuthorityPioneer shall defend, indemnify, and hold harmless the Members, and each of their respective Board or Council members, officers, agents and employees, from any and all claims, losses, damages, costs, injuries, and liabilities of every kind arising directly or indirectly from the conduct, activities, operations, acts, and omissions of the AuthorityPioneer under this Agreement.

Section 14. Withdrawal
A. Right to Withdraw by Voting Member. A Voting Member may withdraw its participation in the CCA Program, effective as of the beginning of the AuthorityPioneer’s fiscal year, by giving no less than 12 months advance written -13-
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notice of its election to do so, which notice shall be given to the AuthorityPioneer and each Voting Member. Withdrawal of a Voting Member shall require an affirmative vote of its governing board.

B. Right to Withdraw By Voting Member After Amendment. Notwithstanding Section 14A, a Voting Member may withdraw its membership in the AuthorityPioneer following an amendment to this Agreement adopted by the Board which the Board Member appointed as the representative of a Voting Member voted against provided such notice is given in writing within thirty (30) days following the date of the vote. Withdrawal of a Member shall require an affirmative vote of its governing board and shall not be subject to the twelve month advance notice provided in Section 14A. In the event of such withdrawal, the Member shall be subject to the provisions of Section 15B.

C. Continuing Liability; Further Assurances. A Voting Member that withdraws its participation in the CCA Program may be subject to certain continuing liabilities, as described in Section 15B. The withdrawing Voting Member and the AuthorityPioneer shall execute and deliver all further instruments and documents, and take any further action that may be reasonably necessary, as determined by the Board, to effectuate the orderly withdrawal of such Voting Member from participation in the CCA Program.

D. Withdrawal of Associate Member. The rights of an Associate Member to withdraw from the AuthorityPioneer shall be governed by the applicable PACE Agreement or CCC Agreement.

The written notice of proposed termination shall specify the particular provisions of this Agreement or other agreement that the Member has allegedly violated.

The Member subject to possible termination shall have the opportunity at the next regular Board meeting to respond to any reasons and allegations that may be cited as a basis for termination prior to a vote regarding termination. A Member that has had its participation in the CCA Program terminated may be subject to certain continuing liabilities, as described in Section 15B.

B. Continuing Liability; Refund. Upon a withdrawal or involuntary termination of a Member, the Member shall remain responsible for any claims, demands, damages, or liabilities arising from the Member’s membership or participation in -14-
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the CCA Program through the date of its withdrawal or involuntary termination, it being agreed that the Member shall not be responsible for any liabilities arising after the date of the Member’s withdrawal or involuntary termination. Claims, demands, damages, or liabilities for which a withdrawing or terminated Member may remain liable include, but are not limited to, losses from the resale of power contracted for by the AuthorityPioneer to serve the Member’s load. With respect to such liability, upon notice by an Member that it wishes to withdraw from the program, the AuthorityPioneer shall notify the Member of the minimum waiting period under which the Member would have no costs for withdrawal if the Member agrees to stay in the CCA Program for such period. The waiting period will be set to the minimum duration such that there are no costs transferred to remaining ratepayers. If the Member elects to withdraw before the end of the minimum waiting period, the charge for exiting shall be set at a dollar amount that would offset actual costs to the remaining ratepayers, and may not include punitive charges that exceed actual costs. In addition, such Member also shall be responsible for any costs or obligations associated with the Member’s participation in any program in accordance with the provisions of any agreements relating to such program provided such costs or obligations were incurred prior to the withdrawal of the Member. The AuthorityPioneer may withhold funds otherwise owing to the Member or may require the Member to deposit sufficient funds with the AuthorityPioneer, as reasonably determined by the AuthorityPioneer and approved by a vote of the Board, to cover the Member’s liability for the costs described above. Any amount of the Member’s funds held on deposit with the AuthorityPioneer above amounts not required to pay any liabilities or obligations shall be returned to the Member. The liability of any Member under this section 15B is subject and subordinate to the provisions of Section 12, and nothing in this section 15B shall reduce, impair, or eliminate any immunity from liability provided by Section 12.

C. Mutual Termination. This Agreement may be terminated by mutual agreement of all the Voting Members; provided, however, the foregoing shall not be construed as limiting the rights of a AssociateVoting Member to withdraw its participation in the CCA Program, as described in Section 14A.

D. Disposition of Property upon Termination of AuthorityPioneer. Upon termination of this Agreement, any surplus money or assets in possession of the AuthorityPioneer for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any program documents, shall be returned to the then-existing Voting Members in proportion to the contributions made by each. If no such contributions have been made, then such surplus after payment of all liabilities, costs, expenses, and charges shall be distributed to each Voting Member based on Annual Energy Use Divided by Total Annual Energy, multiplied by 100. “Annual Energy Use” means the annual electricity usage, expressed in kilowatt hours (“kWh”) within the Voting Member’s respective jurisdiction, and “Total Annual Energy” means the sum of all the Members Annual Energy Use. All measures of kilowatt hours shall be set using the electric load forecast upon which the current annual budget was -15-
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based. If a Member has more than one Board Member, the distribution will be made pursuant to the above calculation as it relates to the respective jurisdiction.

E. Negotiations with Associate Members. If the Voting Members wish to terminate this Agreement, or if the Voting Members elect to withdraw from the CCA Program following an amendment to this Agreement as provided in Section 14B, but two or more Associate Members wish to continue to participate in the CCA Program, the Voting Members will negotiate in good faith with such Associate Members to allow the Associate Members to become the Voting Members to this Agreement or to effect a transfer of CCA Program operations to another entity.

Section 16. Associate Members
A. With the approval of the Board, any qualified public agency (as defined by Section 6500 of the JPA law) may become a non-voting Associate Member of this Agreement for purposes of participating in the CCA Program. A public agency requesting such membership may apply by presenting to the AuthorityPioneer a resolution of the public agency approving of this form of participation.

B. Any qualified public agency (as defined by Section 6500 of the JPA law) may become a non-voting Associate Member of this Agreement for purposes of participating in the PACE Program upon (i) such qualified public agency (a) adopting a resolution expressing its desire to become a non-voting Associate Member to this Agreement and authorizing the implementation of a PACE Program within the boundaries of its jurisdiction and (b) executing a PACE Agreement and (ii) the Board approving the qualified public agency as a non-voting Associate Member.

C. The date and terms upon which the applying public agency will become a non-voting Associate Member will be determined by the Board and set forth in a CCA Agreement or PACE Agreement, as applicable.

Section 17. Termination of Powers
The AuthorityPioneer shall continue to exercise the powers herein conferred upon it until termination of this Agreement, and thereafter shall continue to exercise only such powers as to enable it to pay and discharge all costs, expenses, and charges legally incurred hereunder, and to dispose of, divide and distribute any property required as a result of the joint exercise of such powers.

Section 18. Disposition of Assets; Property and Money
Upon termination of this Agreement under Section 1415, all costs, expenses, and charges legally incurred by the AuthorityPioneer shall be paid and discharged; and the AuthorityPioneer shall sell such property as may be necessary and shall distribute to the federal or State government such property and funds as are lawfully required; the balance of such property and any surplus -16-
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money on hand shall be distributed or returned in proportion to contributions made by the affected Members except to the extent otherwise agreed upon by the affected Members.

Section 19. Amendments
This Agreement may notonly be amended except by a written amendment approved by a vote of Board membersMembers as provided in Section 8. The AuthorityAmendments to Section 4 of this Agreement, and the addition of new Voting Members shall also be separately approved by a duly adopted resolution of the governing board of each Member. Pioneer shall provide written notice to all Members of amendments to this Agreement, including the effective date of such amendments, at least 30 days prior to the date upon which the proposed amendment is being considered by the Board votes on such amendments. Any. If the proposed amendment required to add a new Voting Member shall only be executed by the Voting Members. Any amendment required to add a new Associate Member shall only be executedis adopted by the new Associate Member andBoard, the Authority shall provide prompt written notice to all Members of the effective date of such amendment along with a copy of the amendment.

Section 21. Entire Agreement
This Agreement contains the entire agreement between the Members and supersedes all prior understanding between them with respect to the subject matter of this Agreement. There are no promises, terms, conditions or obligations, oral or written, between or among the Members relating to the subject matter of this Agreement that are not fully expressed in this Agreement.

This Agreement may not be modified, changed, supplemented or terminated, nor may any obligation under this Agreement be waived, except as provided in Section 19.

Section 22. Counterparts and Effective Date
This Agreement may be executed in counterparts and be as valid and binding as if each Member signed the same copy. A faxed copy of the executed signature page shall be sufficient to cause the terms of this Agreement to become fully operative. The effective date of the Agreement shall be the date the second member has executed the Agreement, WITNESS THE AGREEMENT HEREOF the date set opposite our respective entities:¶ -17
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-18-
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¶
CITY OF ROCKLIN, a Municipal Corporation¶
¶
EXECUTED ON ¶
By: ¶
Mayor, ¶
¶
Exhibit A¶
Voting Members and Associate Members¶
¶
Section A.1 Voting Members ¶
City Councilof Auburn¶
¶
And approved as to form:¶
¶
City Attorneyof Colfax¶
¶
ATTEST:¶
¶
City Clerkof Grass Valley ¶
¶
-19-
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¶
TOWN OF LOOMIS, a Municipal Corporation¶
¶
EXECUTED ON ¶
By: ¶
Mayor, ¶
City of Lincoln¶
City of Nevada City¶
City of Placerville¶
City of Rocklin¶
County of El Dorado¶
County of Placer¶
Town of Loomis¶
¶
And approved as to form:¶
¶
¶
Town Attorney¶
¶
ATTEST:¶
¶
¶
Town Clerk¶
¶
-20-
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¶
CITY OF LINCOLN, a Municipal Corporation¶
¶
EXECUTED ON ¶
By: ¶
Peter Gilbert, Mayor¶
¶
And approved as to form:¶
¶
¶
Mona Ebrahirni, ¶
Section A.2 Associate Members¶
City Attorneyof Folsom¶
¶
ATTEST:¶
¶
¶
Gwen Scanlon, City Clerk¶
County of Sacramento¶
Town of Truckee
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Staff Report – Item 4
To: The Governing Board
From: Paige Garcia, Programs Manager
Item 4: Receive a presentation regarding the Pacific Gas & Electric Hourly Flex Pricing Pilot for Agriculture Customers
Date: 11/21/2024

RECOMMENDATION
Receive a presentation regarding the Pacific Gas & Electric (“PG&E”) Hourly Flex Pricing Pilot for Agriculture Customers.

BACKGROUND
At the March 14, 2024, Board Meeting, the Board approved Pioneer’s Load Management Standard (LMS) compliance plan.

On May 16, 2024, Pioneer submitted an advice letter to the California Public Utilities Commission (“CPUC”) noting its intent to participate in PG&E’s Hourly Flex Pricing Expanded Pilot #1.

ANALYSIS & DISCUSSION
As part of its Load Management Standards programs, the California Energy Commission encourages shifting electricity use from times of day when prices are high, and usage contributes to air emission to times when it is cheaper and cleaner.

Consistent with the approved LMS compliance plan, Pioneer is participating in PG&E’s Hourly Flex Pricing Pilot #1, a statewide program administered in partnership with PG&E. This program is available to qualifying agricultural customers and runs from an estimated launch in December 2024, through December 31, 2027.

The Hourly Flex Pricing pilot offers agriculture customers a way to save money on their energy bills, reduce greenhouse gas emissions, and help strengthen the resiliency of the electricity grid. Prices vary by hour and are set a day in advance. During certain times, prices are likely to be higher due to increased demand on the power grid.

With the Hourly Flex Pricing pilot, customers plan ahead by shifting energy use to times when it’s more available and less expensive. Customers save money by:
• Viewing the 7-day forecast of electricity prices by the hour, then setting the hours when equipment will operate in advance, enabling customers to lock in the best possible pricing. • Locking in energy prices by scheduling their usage one to seven days in advance. Electricity prices are the same or lower than comparable rate plans for most of the year. • Shifting the timing of their electricity usage for equipment like irrigation pumping, EV charging, or crop processing, and then receiving financial incentives that save them money on their electricity bills. • Receiving credit after each 12-month period if they paid less on the Hourly Flex Pricing compared to their current rate plan.
• Integrating automation technology that streamlines operations to save even more.

Billing is based on customers’ current rate plan. Customers will receive a credit for the difference if they would have paid less on Hourly Flex Pricing. Customers can terminate participation in this program at any time.

Plf)NEER

COMMUNITY ENERGY
Agenda Item: 4 Agenda Date: 11/21/2024

Page 2 of 2 ends

STRATEGIC PLAN
The recommendation supports the Community Partner and Provide Exceptional Customer Service goals.

FISCAL IMPACT
There is no fiscal impact with the recommendation since no action is being taken.

Page 1 of 2 ends

Staff Report – Item 5
To: The Governing Board
From: Brad Koehn, Director of Finance and Administration Item 5: Receive Draft Fiscal Year 2024-25 Quarterly Financial Reports Through September 30, 2024
Date: 11/21/2024

ACTION REQUESTED
Receive draft Fiscal Year 2024-25 quarterly financial reports through September 30, 2024.

BACKGROUND
The Year-To-Date (YTD) financial reports are produced by Maher Accountancy for Board member and management review. Although these reports are unaudited, they provide the most up-to-date financial data for Pioneer Community Energy. Placer County Treasurer’s Office is recording any activity for the mPOWER program in the County financial system which will be included in the audited year-end financial statements. For September 2024, the financial reporting package includes the following reports for the CCA Fund only:
• Statement of Net Position (Balance Sheet) – Accounting of Assets, Liabilities and Net Position as of the reporting period end date for the CCA program. • Statement of Revenues, Expenses, and Changes in Net Position (P&L) – Accounting of all revenues, expenses, and changes in net position on a YTD basis through the reporting period end date for the CCA program.
• Budgetary Comparison Schedule (Budget to Actuals) – Comparison of budget to actuals on a YTD basis through the reporting period end date for the CCA program.

ANALYSIS & DISCUSSION
The table below shows the year-to-date budget-to-actuals summary through the first quarter of FY 2024-25 ending September 2024.
$ in Thousands FY 2024-25
YTD Budget
FY 2024-25
YTD Actuals
Variance
(Under)/Over
Energy Revenues 80,942 83,082 2,140
Power Supply 76,371 70,739 (5,631)
Contribution Margin $4,571 $12,343 $7,772
Operating Expenses 4,860 2,858 (2,002)
Debt Service and Other (293) (1,638) (1,345)
Contribution to/(from) Net Position $4 $11,123 $11,119
Plf)NEER

COMMUNITY ENERGY
Agenda Item: 5 Agenda Date: 11/21/2024

Page 2 of 2 ends

Energy Revenues
Revenues are in line with budget expectations with quarterly totals slightly exceeding YTD projections by 2.6% or $2.14 million.

Power Supply
Power Supply costs ended the quarter under budget projections by 7.4% or $5.6 million. The energy market remains volatile and large swings in costs can occur at any time. The avoidance of an extreme weather event during the summer months was a contributing factor, but unexpected weather events still pose a significant risk to Pioneer’s days of liquidity through the end of this fiscal year.

Operating Expenses
Controllable expenses across all departments show a quarterly total of $2 million, or 41.2% less than YTD budget projections. Operating expenses are not evenly distributed over the course of a fiscal year, and it is expected that this difference will moderate over the course of the year. Internal budget transfers will be made as needed to correct any budgetary imbalances for future reports.

Debt Service and Other
Debt service was in line with budget expectations. An increase to the CPUC-mandated financial security requirement (“FSR”) is anticipated later this fiscal year. Investment gains were also recorded in this category and exceeded budget projections.

Reserves and Net Position
The first quarter ended with a net position of $146.5 million, an $11.3 million increase since the beginning of the fiscal year. While this is a positive, Pioneer’s reserve policy is based on cash liquidity and does not include non-liquid assets, such as collateral deposits held by others, accounts receivables and accounts payables which are significant components in calculating the net position. Pioneer’s days of liquidity as of September 30th is measured to be 200 days, confirming the achievement of the minimum reserve target of 160 days per Pioneer’s Reserve Policy adopted in Fall 2021. Movement to the minimum reserve target was a key metric that was considered by S&P when awarding an A- credit rating to Pioneer last January. However, when compared to Pioneer’s CCA peers who have received a solid A rating from S&P, Pioneer would be in a much stronger position for a credit rating improvement if a new minimum target of 270 days of liquidity was reached, in addition to increasing Pioneer’s total cash position.

STRATEGIC PLAN
Strategic Priority: Be Fiscally Strong and Resilient

FISCAL IMPACT
The YTD change in net position through three months of the fiscal year is $11.3 million.

ATTACHMENTS

1. Financial Reports through September 30, 2024
1 ACCOUNTANTS’ COMPILATION REPORT
Management
Pioneer Community Energy
Management is responsible for the accompanying financial statements of the CCA Fund of Pioneer Community Energy (a California Joint Powers Authority) which comprise the statement of net position as of September 30, 2024, and the related statement of revenues, expenses, and changes in net position for the period then ended in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, conclusion, nor provide any assurance on these financial statements.

Management has elected to omit substantially all of the disclosures and the statement of cash flows required by accounting principles generally accepted in the United States of America in these interim financial statements. Pioneer Community Energy’s annual audited financial statements include the note disclosures and statement of cash flows omitted from these interim statements. If the omitted disclosures and the statement of cash flows were included in these financial statements, they might influence the user’s conclusions about Pioneer Community Energy’s financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.

We are not independent with respect to Pioneer Community Energy because we performed certain accounting services that impaired our independence.

Maher Accountancy
San Rafael, CA
October 30, 2024
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa.com MAHER

ACCOUNTANCY
CCA Fund
ASSETS
Current assets
Cash and cash equivalents 34,103,320 $
Investments 92,926,341
Accounts receivable, net of allowance 28,590,341
Accrued revenue 13,197,263
Other receivables 2,196,938
Interest receivable 753,000
Prepaid expenses 1,505,773
Deposits 743,492
Total current assets 174,016,468
Noncurrent assets
Capital assets, net of depreciation and amortization 1,220,456 Deposits 219,478
Total noncurrent assets 1,439,934
Total assets 175,456,402

LIABILITIES
Current liabilities
Accrued cost of electricity 21,400,403
Accounts payable 532,551
Other accrued liabilities 460,162
Interest payable 13,770
Note payable 771,840
Lease liability 118,825
Total current liabilities 23,297,551
Noncurrent liabilities
Lease liability 863,041
Note payable 3,515,815
Supplier security deposits 1,260,000
Total noncurrent liabilities 5,638,856
Total liabilities 28,936,407

NET POSITION
Net investment in capital assets 238,590
Unrestricted net position 146,281,405
Total net position 146,519,995 $

PIONEER COMMUNITY ENERGY

STATEMENT OF NET POSITION
As of September 30, 2024

CCA FUND
See accountants' compilation report. 2
CCA Fund

OPERATING REVENUES
Electricity sales, net $ 81,381,947
Total operating revenues 81,381,947

OPERATING EXPENSES
Cost of electricity 69,039,244
Contract services 1,488,910
Staff compensation 905,698
Other operating expenses 414,849
Depreciation and amortization 46,452
Total operating expenses 71,895,153
Operating income (loss) 9,486,794

NONOPERATING REVENUES (EXPENSES)
Investment income 1,867,936
Interest and financing expense (52,454)
Nonoperating revenues (expenses), net 1,815,482

NET POSITION
Change in net position 11,302,276
Net position at beginning of period 135,217,719
Net position at end of period $ 146,519,995
Three Months Ended September 30, 2024

AND CHANGES IN NET POSITION

STATEMENT OF REVENUES, EXPENSES

CCA FUND

PIONEER COMMUNITY ENERGY
See accountants' compilation report. 3
Participation Rates – September 2024
Participation Rate July 2024 August 2024 September 2024 AUBURN INC 85.40% 85.14% 85.12%
COLFAX INC 88.21% 87.84% 87.85%
GRASS VALLEY INC 97.50% 97.18% 97.12%
LINCOLN INC 82.82% 82.53% 82.22%
LOOMIS INC 87.18% 87.10% 86.92%
NEVADA CITY INC 98.43% 97.96% 98.30%
PLACERVILLE INC 85.46% 85.16% 85.24%
ROCKLIN INC 90.43% 90.25% 90.26%
UNINC EL DORADO CO 79.71% 79.62% 79.61%
UNINC PLACER CO 84.64% 84.54% 84.41%
Grand Total 84.35% 84.19% 84.12%
4 Plf)NEER

COMMUNITY ENERGY
5 ACCOUNTANTS’ COMPILATION REPORT
Board of Directors
Pioneer Community Energy
Management is responsible for the accompanying special purpose budgetary comparison schedule for the CCA Program of Pioneer Community Energy, a California Joint Powers Authority, for the period ended September 30, 2024, and for determining that the budgetary basis of accounting is an acceptable financial reporting framework. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statement nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any assurance on this special purpose budgetary comparison statement.

The special purpose statement is prepared in accordance with the budgetary basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United States of America. This report is intended for the information of the Board of Directors of Pioneer Community Energy.

Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.

Pioneer Community Energy’s annual audited financial statements include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’s conclusions about Pioneer Community Energy’s financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.

We are not independent with respect to Pioneer Community Energy because we performed certain accounting services that impaired our independence.

Maher Accountancy
San Rafael, CA
October 30, 2024
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa.com MAHER

ACCOUNTANCY
2024/25 YTD
Amended
Budget
2024/25 YTD
Actual
2024/25 YTD
Variance
(Under) Over
2024/25
YTD
Actual/
Budget %
2024/25
Amended
Budget
2024/25
Amended
Budget
Remaining

ENERGY REVENUES
Energy Sales $ 79,667,000 $ 82,476,142 $ 2,809,142 104% $ 235,801,000 $ 153,324,858 Green100 Sales 65,000 19,497 (45,503) 30% 200,000 180,503 Congestion Revenue Rights and Battery Optimization 2,285,714 1,700,121 (585,594) 74% 10,000,000 8,299,879 Less Uncollectible Accounts (1,076,000) (1,113,691) (37,691) 104% (3,186,000) (2,072,309) Total Operating Revenues 80,941,714 83,082,068 2,140,354 242,815,000 159,732,932

ENERGY EXPENSES
Power Supply 76,370,666 70,739,366 (5,631,300) 93% 208,976,000 138,236,634 OPERATING MARGIN 12,342,702 4,571,048 7,771,654 33,839,000 21,496,298

OPERATING EXPENSES
Administration
Compensation 172,846 145,913 (26,934) 84% 691,385 545,472 Contract services 79,581 26,827 (52,754) 34% 318,325 291,498 Operating expenses 511,016 198,871 (312,145) 39% 941,796 742,925 Total Administration expenses 763,444 371,611 (391,833) 49% 1,951,506 1,579,895 Finance
Compensation 275,263 221,654 (53,608) 81% 1,101,050 879,396 Contract services 150,988 63,697 (87,290) 42% 591,000 527,303 Operating expenses 71,625 66,166 (5,459) 92% 357,700 291,534 Total Finance expenses 497,875 351,518 (146,357) 71% 2,049,750 1,698,232 Power Procurement
Compensation 308,148 155,352 (152,796) 50% 1,232,592 1,077,240 Contract services 1,115,491 488,465 (627,026) 44% 3,343,538 2,855,073 Operating expenses 15,375 43,446 28,071 283% 61,500 18,054 Total Power Procurement expenses 1,439,014 687,263 (751,751) 48% 4,637,630 3,950,367 Customer Care
Compensation 99,751 96,291 (3,460) 97% 399,002 302,711
Contract services 680,000 725,308 45,308 107% 2,720,000 1,994,692 Operating expenses 53,688 52,178 (1,509) 97% 214,750 162,572 Total Customer Care expenses 833,438 873,777 40,339 105% 3,333,752 2,459,975 Marketing & Communications
Compensation 185,487 139,766 (45,720) 75% 741,946 602,180 Contract services 139,875 1,362 (138,513) 1% 420,000 418,638 Operating expenses 211,588 40,822 (170,766) 19% 846,350 805,528 Total Marketing expenses 536,949 181,950 (354,999) 34% 2,008,296 1,826,346 Legislative & Regulatory
Compensation 110,918 93,248 (17,669) 84% 443,670 350,422 Contract services 94,452 47,108 (47,344) 50% 377,807 330,699 Operating expenses 2,075 96 (1,979) 5% 8,300 8,204
Total Legislative expenses 207,444 140,453 (66,991) 68% 829,777 689,324 Programs
Compensation 73,336 48,873 (24,464) 67% 293,345 244,472 Contract services 31,250 156,995 125,745 502% 125,000 (31,995) Operating expenses 477,451 45,334 (432,117) 9% 1,909,805 1,864,471 Total Programs expenses 582,038 251,203 (330,835) 43% 2,328,150 2,076,947 Total Operating Expenses 4,860,201 2,857,774 (2,002,427) 59% 17,138,861 14,281,087

NON-OPERATING REVENUES (EXPENSES)
Investment gains (losses) 717,750 1,867,936 1,150,186 2,871,000 1,003,064 Term Loan Debt Service (237,500) (217,988) 19,512 92% (950,000) (732,012) Additional Term Loan Principal - - (2,100,000) (2,100,000) Line/Letter of Credit Fees (187,500) (12,053) 175,447 6% (750,000) (737,947) Financial Security Requirement - - - (800,000) (800,000) Nonoperating revenues (expenses), net 292,750 1,637,895 1,345,145 (1,729,000) (3,366,895) Total Expenses and Non-Operating Activity 80,938,118 71,959,245 (8,978,873) 227,843,861 155,884,617 Contribution to/(from) Reserves 3,597 $ 11,122,823 $ 11,119,227 $ 14,971,139 $ 3,848,315 $

SPECIAL PURPOSE BUDGETARY COMPARISON SCHEDULE
Three Months Ended September 30, 2024

PIONEER COMMUNITY ENERGY

CCA PROGRAM
379324.1 Page 1 of 3
Staff Report – Item 6
To: The Governing Board
From: Brad Koehn, Director of Finance and Administration Item 6: Adopt Resolution to Increase the Days of Liquidity Target and update the Cash Reserves Policy
Date: 11/21/2024

RECOMMENDATION
Adopt Resolution to Increase the Days of Liquidity Target and update the Cash Reserves Policy.

BACKGROUND
Pioneer adopted a series of financial policies including a Cash Reserves policy at the October 21, 2021 Board meeting. The Reserves Policy set a cash on hand (days of liquidity) target of 160 days and a timeline to reach that minimum target of 3 to 5 years. Pioneer’s Rate Threshold Policy states that if Pioneer’s cash balance falls below 90 days of cash on hand (days of liquidity), that event should trigger a reevaluation of rates until target cash balances are restored.

Pioneer has achieved the minimum target of 160 days of liquidity. At the beginning of 2024, Pioneer also received a credit rating of A- from S&P. Pioneer’s progress towards reaching the minimum target was a significant factor (along with other factors) in S&P’s credit analysis.

At the September 2024 Board meeting, the Board asked about having a discussion regarding increasing the 160 days of liquidity minimum Reserve target to better position Pioneer for an improved credit rating. This is also in alignment with the 2025-2027 Strategic Plan that includes an objective to ‘build the case for an “A” rating in the future.’

ANALYSIS & DISCUSSION
Energy suppliers consider an entity’s credit rating as a strong indicator of the financial strength and resilience of a potential business partner, such as Pioneer. A credit rating, therefore, can be an important factor in ensuring the quantity and competitiveness of supplier responses to Pioneer’s energy solicitations and can also drive the amount of collateral that the supplier may demand from Pioneer. Another consideration is the credit rating strength compared to peers. Pioneer received an A- credit rating from S&P at the beginning of 2024, yet many of Pioneer peers have received a stronger credit rating of A. That difference in credit ratings could cause an energy supplier to prefer a higher rated entity when a contract is being negotiated.

S&P has many data points it uses when it considers assigning a credit rating to an entity and doesn’t publicly disclose at what point all those data points and ratios move the needle between credit rating iterations.

However, two data points are known to be significant factors in the credit rating development: (1) days of liquidity (cash on hand), and (2) the Fixed Charge Coverage. Comparing with other CCA data points, in particular the days of liquidity (cash on hand) for those CCAs that have achieved an A credit rating, may be a guide for the Board’s consideration.

As can be seen in the following table, Pioneer’s current and projected 270 days of liquidity (new target cash position) would still fall below the level of cash that other S&P A-rated CCAs have achieved. Liquidity (cash) of Plf)NEER

COMMUNITY ENERGY
Agenda Item: 6 Agenda Date: 11/21/2024
379324.1 Page 2 of 3
the other CCAs ranges from $200 million to over $500 million, with the load size of the CCAs also serving a major role in the accumulated cash balances.

Another perspective of the cash balance is to measure the accumulated cash by the days of liquidity ratio for the CCAs along with each CCA’s reserve target.

CCA Credit
Rating
Days of
Liquidity
Reserve
Target
3CE A 162 180
Pioneer
(Sep 30, 2024) A- 200 160
MCE A 213 240
AVA A 249 180
SCP A 290 280
SVCE A 386 350
Pioneer’s financial advisors, PFM, have advised that CCAs that have, in S&P’s perspective, “Very Strong” or “Extremely Strong” cash positions are more likely to have received an A credit rating. “Very Strong” has a range of 150-270 days of liquidity, while “Extremely Strong” has over 270 days of liquidity. In addition to the days of liquidity, the amount of liquidity (cash) and the size of the organization are also important factors that S&P considers.

Another ratio that S&P considers is the Fixed Charge Coverage (FCC) ratio. This ratio treats a portion of power purchases as fixed to reflect the provider’s pass-through of its fixed costs. Other components include debt service and the Operating Margin. Ratios between 1.2 to 1.4 is considered “Strong,” while “Very Strong” has a ratio range of 1.4 to 1.6. At the time of Pioneer’s credit evaluation, Pioneer had an FCC ratio of over 1.2. $600,000
$500,000
"g $400,000
~ 0
i:: $300,000
.!:

V).
$200,000
$100,000
$0 I
Pioneer
(As of Sep 30, 2024)
I
Pioneer Target
(270 Days)
CCA Cash Comparison
{Cash & Investments)
I
SCP 3CE MCE SVCE AVA
Agenda Item: 6 Agenda Date: 11/21/2024
379324.1 Page 3 of 3
However, using the most recent proforma with updated energy contracts and market rates for open positions, and assuming no future rate adjustment, Pioneer’s FCC falls below 1. An FCC ratio of below 1 is viewed by S&P as “Highly Vulnerable.”
Future rate adjustments that provide a positive margin and contribute to an increase in days of liquidity would also improve the FCC ratio and strengthen Pioneer’s future credit rating evaluation. Modifying the current Reserves target to “Extremely Strong” for days of liquidity (over 270 days) within a 3-to-5-year period will position Pioneer well for a credit rating improvement.

An additional modification to the Reserves Policy that the Board may choose to consider is if/when Pioneer’s days of liquidity exceed 270 days of liquidity, that the amount over the 270 days would be returned to customers as a future bill credit. The criteria could be at the completion of the prior fiscal year audit, and the days of liquidity would be calculated using the current fiscal year budgeted expenses with the bill credit timed for June (when higher summer rates are in effect).

Generally, S&P rarely conducts a credit rating upgrade within 2 years of its last rating evaluation, although downgrades may happen more frequently. During the initial rating evaluation conducted by S&P, the analyst had numerous questions regarding expansion and potential risk impacts related to expansion. It is staff’s impression that S&P views expansion as a risk factor that could preclude a credit rating upgrade at least until service is underway in any new expansion territory. However, if service to the expansion territories is during the Fall of 2027, it provides a timeline for Pioneer to move towards achieving the “Extremely Strong” category for days of liquidity.

STRATEGIC PLAN
One of Pioneer’s strategic goals is to be “Fiscally Strong and Resilient” with the Objective to maintain an investment grade credit rating. In addition, the Strategic Plan specifies an Outcome of this goal would be to ‘build the case for an “A” rating in the future.’

FISCAL IMPACT
Approving a revised Reserves Policy by increasing the days of liquidity target will strengthen Pioneer’s position and improve Pioneer’s ability to navigate the many risks in the energy business. Those risks include inflationary pressures, recession risk, power cost volatility, extreme climate events, open energy positions, opt-out risk, regulatory and legislative changes. An increased amount of liquidity (cash) will also result in increased interest earnings compared to a lower cash position. Achieving a higher credit rating may also result in more competitive energy bids/proposals from suppliers. Further, providing customers a bill credit for a reserve balance that exceeds 270 days of liquidity will decrease Pioneer’s cash position but will support Pioneer’s value to provide customer savings as a competitive choice compared to the investor-owned utility.

ATTACHMENTS

1. Financial Policy Two: Cash Reserves Policy

2. Resolution to Increase the Days of Liquidity Target and Update the Cash Reserves Policy FINANCIAL POLICY TWO:

CASH RESERVES POLICY
Page | 1 Adopted: October 21, 2021

PHILOSOPHY
The purpose of financial management in the operation of Pioneer Community Energy is to fulfill the organization’s mission in the most effective and efficient manner and to remain accountable to ratepayers, employees, and the community. In order to accomplish this, the Board of Directors commits to maintaining cash reserves to sufficiently fund operations and other cash risks.

AUTHORITY
The Board of Directors is ultimately responsible for the decisions that guide total days cash on hand for the utility.

RESPONSIBILITIES
The Executive Director shall:
• Review financial reports containing cash balances as prepared by the Director of Finance and Administration
• Provide accurate and complete cash balance data to the Board of Directors
• Provide accurate and complete Pioneer and PG&E rate differentials to the Board of Directors
The Director of Finance and Administration shall:
• Ensure all financial data including but not limited to billing statistics, revenues, expenses, capital purchases and debt are recorded accurately and timely
• Prepare or oversee the preparation of financial projections and statements including cash balances and debt coverage ratio • Analyze the rate differential between Pioneer and PG&E • Report all results to the Executive Director
The Board of Directors shall:
• Review financial reports and cash balances when presented at board meetings
• Take action on cash balance when appropriate
• Take action when cash balances are below targets to help restore cash over a 3-to-5-year period, provided it is consistent with Policy Four’s rate threshold
Plf)NEER

COMMUNITY ENERGY
Page | 2 Adopted: October 21, 2021

CASH RESERVES
The cash reserve target calculation shall work toward 160 days cash on hand. The policy will include the financial risks as listed below:
• The cash reserve policy should include 12.3% (45 days) of annual operating expenses (excluding power supply) to account for working capital lag.
• The cash reserve policy should include 12.3% (45 days) of power supply expenses, progressively working toward 24.7% to account for working capital lag
• The cash reserve policy should include an additional 20% of annual power supply expenses to account for market fluctuations • The cash reserve policy should include 100% of the current portion of debt service to account for debt payment security
• The cash reserve policy should include 20% of the Board approved five-year capital improvement plan, (less any improvements funded through the issuance of debt) in preparations of the expenditures

Page 1 of 2 ends

Before the Governing Board of
Pioneer Community Energy
Resolution No.: ____________
The following Resolution was duly passed by the Governing Board of Pioneer Community Energy at a regular meeting held November 21, 2024, by the following vote on roll call:

Ayes:

Noes:

Absent:

Signed and approved by me after its passage.
______________________________
Chair of the Governing Board
Attest:
_______________________
Secretary
WHEREAS, Pioneer maintains funds in unrestricted and restricted accounts for such purposes as operating expenses, collateral for power supply, debt service, cash flow restrictions, and emergency situations; and
WHEREAS, the prudent management of Pioneer requires that reserve funds be established and maintained to fund scheduled and unscheduled expenses, and to provide periodic review of the reserve funding levels to ensure such levels are and will be adequate to meet the projected needs of the Pioneer; and
WHEREAS, Pioneer has received an A- credit rating from S & P and desires to maintain and improve the credit rating in the future; and
WHEREAS, Pioneer’s cash position and days of liquidity calculation are critical factors that a credit rating agency considers when evaluating and analyzing Pioneer’s financial position; and WHEREAS, the Board has determined that it is in the best interest of Pioneer to implement financial policies that provide guidance in the rate setting process; and WHEREAS, the Board has previously taken action in establishing a Cash Reserves Policy and desire to increase the Days of Liquidity Target
WHEREAS, Days of Liquidity in excess of 270 days will be provided to Pioneer customers as a bill credit.

In the matter of: A RESOLUTION TO INCREASE THE

DAYS OF LIQUIDITY TARGET AND UPDATE THE

CASH RESERVES POLICY
Resolution 2024-__
November 21, 2024

Page 2 of 2 ends

BE IT RESOLVED, the Governing Board of Pioneer Community Energy, hereby finds, declares, and resolves as follows:

1. The above recitals are true and correct.

2. The Cash Reserve Policy (Financial Policy Two) adopted by Resolution 2021-40 is rescinded and replaced with the attached updated Cash Reserve Policy.

3. The Resolution shall take effect immediately upon its adoption.

Exhibit A: Cash Reserve Policy
Exhibit A
Category: Finance
Page | 1
CASH RESERVE POLICY (Financial Policy Two)

PURPOSE
Pioneer maintains financial reserves to maintain good standing with rating agencies, provide liquidity to navigate the variety of risks in the energy business, and protect customers from sudden large changes in rates. This policy governs how financial reserves are built and maintained.

RESERVE BALANCE – DAYS OF LIQUIDITY
Pioneer’s Reserve target is approved to increase from the prior Policy target of 160 days of liquidity (Nov 2024) to 270 days of liquidity target. The denominator for this calculation will be the Board approved budgeted expenses. Pioneer shall set rates to reach the Target Reserve balance while also considering Pioneer’s rate competitiveness and customer savings. The expected timeline to reach the increased target is 3 to 5 years from approval of this Policy.

DAYS OF LIQUIDITY RESERVES IN EXCESS OF 270 DAYS
When Pioneers financials have been finalized and audited for a fiscal year and Pioneer has realized an excess of 270 days of liquidity, using the current fiscal year budgeted expenses as the denominator, Pioneer will provide customers with a bill credit. The bill credit will be applied to customers’ accounts that have June usage charges in order to offset the typically higher summer rates.

In any year, the Board may waive the application of customer bill credits for the excess days of liquidity if since the completion of the audited financial statements Pioneer’s current days of liquidity have fallen below the 270 days of liquidity target

Plf)NEER

COMMUNITY ENERGY

Page 1 of 1 ends

Staff Report – Item 7
To: The Governing Board
From: Donald Eckert Jr., Chief Executive Officer
Item 7: Adopt Resolution Commending Director Dan Karleskint for His Dedicated Service to Pioneer Community Energy
Date: 11/21/2024

RECOMMENDATION
Adopt Resolution commending Director Dan Karleskint for his dedication and outstanding service in directing Pioneer Community Energy (“Pioneer”).

BACKGROUND
The City of Lincoln City Council appointed Dan Karleskint as Director to the Pioneer Governing Board beginning December 2017. Director Karleskint also served as a Member of the Audit & Finance Committee and the Expansion ad hoc Committee.

ANALYSIS & DISCUSSION
Director Karleskint has demonstrated outstanding commitment, representation, and leadership for Pioneer and its ratepayers.

STRATEGIC PLAN
The recommendation supports the Local Engagement Priority.

FISCAL IMPACT
There is no fiscal impact with the recommendation.

ATTACHMENTS

1. Resolution commending Director Dan Karleskint.

Plf)NEER

Ayes:

Noes:

Absent:

Signed and approved by me after its passage.
______________________________
Chair of the Governing Board
Attest:
_______________________
Secretary
WHEREAS, Pioneer Community Energy is a Community Choice Aggregation Program serving the cities of Auburn, Colfax, Grass Valley, Lincoln, Nevada City, Placerville, and Rocklin, the town of Loomis, and unincorporated Placer and El Dorado County; and WHEREAS, the City of Lincoln City Council appointed Dan Karleskint as Director to the Pioneer Community Energy Governing Board beginning December 2017; and WHEREAS, Dan Karleskint also served on the Audit & Finance Committee and the Expansion ad hoc Committee of Pioneer Community Energy; and
WHEREAS, Dan Karleskint has provided outstanding leadership, representation, and guidance for the ratepayers and staff of Pioneer Community Energy.

BE IT RESOLVED, the Governing Board of Pioneer Community Energy, State of California, hereby finds, declares, and resolves as follows:

1. The above recitals are true and correct.

2. The Governing Board hereby commends Dan Karleskint for his dedication and outstanding public service in directing Pioneer Community Energy.

3. This Resolution shall take effect immediately upon its adoption.

In the matter of: RESOLUTION IN APPRECIATION OF

DIRECTOR DAN KARLESKINT FOR OUTSTANDING

SERVICE TO PIONEER COMMUNITY ENERGY

Page 1 of 2 ends

Staff Report – Item IV-B
To: The Governing Board
From: Donald Eckert Jr., Chief Executive Officer
Item IV-B: CEO Report
Date: 11/21/2024

PERSONNEL
There is one active recruitment for the Projects Development Manager position.

CHIEF EXECUTIVE OFFICER AGREEMENTS EXECUTED (NON-POWER SUPPLY) There are no items to report this month.

GENERATION RATES UPDATE
Pioneer Community Energy typically has rate change discussions with the Board in December of every year to establish and put into effect the new rates starting on January 1st of the new year. This timeline mirrors PG&E’s timeline, where they set new rates effective January 1st of every new year. This year, however, there will likely be a delay in PG&E’s rate-setting timeline due to an ongoing dispute in the PG&E 2025 Energy Resources Recovery Account (ERRA) Forecast proceeding regarding the high Resource Adequacy (RA) market price benchmarks (MPBs) that are used to set the power charge indifference adjustment (PCIA). Pioneer’s rate discussion will accordingly be postponed until the RA MPB issue is resolved and the 2025 PCIA is set in the respective PG&E ERRA proceeding. We can most likely expect the issue to be resolved by early 2025, and for PG&E to publish their new rates in March 2025.

ANNUAL RESOURCE ADEQUACY (“RA”) FILING
There are two types of RA filing requirements: Annual filing (due at the end of October) and monthly. For the annual filings, Pioneer is required to make an annual System, Local and Flexible compliance showing for the coming year. This will include demonstrating that 90% of our System RA obligation for the five summer months of the coming year, 100% of our Local obligation for the following year and 90% of our Flexible obligation for each of month in the following year. The current state of the RA market is very challenging, however, Pioneer is pleased to report that we are compliant for 2025. This is especially important in seeking a favorable decision from the California Public Utilities Commission on expansion.

CHIEF EXECUTIVE OFFICER POWER SUPPLY CONTRACTS EXECUTIED The following agreements have been executed by the Chief Executive Officer, consistent with the authority delegated by the Board:

Presentations and Relevant Meetings attended by the Chief Executive Officer

1. Participated in CalCCA Weekly/Monthly Board meetings.

2. Participated in a tour of the hydroelectric facilities of El Dorado Irrigation District

3. Participated in a joint meeting between CalCCA and California Municipal Utilities Agency

4. Presented at Nevada County and Tuolumne County regarding expansion

5. Participated in Biomass & Beyond Symposium hosted by Valley Vision in Folsom Counterparty Name
Execution
Date Type Product Start Date End Date
Notional
Value
Boston Energy Trading and Marketing 10/15/2024 Sell Resource Adequacy - Flex 12/1/2024 12/31/2024 $22,500 Plf)NEER

COMMUNITY ENERGY
Agenda Item: IV-B Agenda Date: 11/21/2024

Page 2 of 2 ends

ATTACHMENTS

1. Agenda Planning Document

2. Legislative and Regulatory Report

3. Communications Report

4. Programs Report
Agenda Planning Document – Pioneer Community Energy Updated 11-15-2024

BOARD OF

DIRECTORS
NOVEMBER 21, 2024

REGULAR MEETING
2:30 PM
(Post Agenda: November 15)
DECEMBER 19, 2024

REGULAR MEETING
3:00 PM
(Post Agenda: December 13)
JANUARY 16, 2025

REGULAR MEETING
3:00 PM
(Post Agenda: January 10)

IN THE FUTURE
General Function I Closed Session (1 item) Selection of Officers Consent 1a Minutes for Approval-OCT 24, 2024 Minutes for Approval-NOV 21, 2024 Minutes for Approval-DEC 19, 2024 1b RES GridGen / Pioneer Economic
Review (action- Stassi-Vanacore)
Receive Draft Financials: OCT 2024
(Koehn)
Receive Draft Financials: NOV 2024
(Koehn)
AMI audit (Koehn)
1c RES Adopt 2025 Governing Board
Meeting Schedule (Eckert)
(FEB) Affirm Committee Members
(FEB) Appoint Committee Members
1d RES amending Resolution 2021-1 re: staff
executing Long-term PPAs not exceeding

1.5% of Pioneer’s annual procurement
budget as a maximum annual notional
amount, together with a maximum of a 20
-year term (action-Kang)
Regular 2 RES Board Member Recognition
(Hidahl) (action-Eckert)
LCFS update
(action-Stassi-Vanacore) guest
RES Marketing Contract
(action - Stassi-Vanacore)
RES Rates (action-Eckert)
3 Governance of Pioneer’s Joint Powers
Exercise Agreement (discussion-Eckert)
Expansion Update and Approve 30-day
Notice for Board Vote re: JPA
Amendment No. 6 – Membership
(action-Eckert)
Financial Audit Report (discussion-Koehn)
(FEB) RES approving Amendment No. 6 to
the Amended & Restated JPA -
Membership (action-Eckert)
4 PG&E Hourly Flex Pricing Pilot for
Agriculture Customers
(discussion- Stassi-Vanacore)
RES Amendment to RES 2023-33 Feed- in Tariff (FiT) re: adding Biomass NEM and solar+storage (action-Kang)
(FEB) RES approving Addendum No. 3 to
the Community Choice Aggregation
Implementation Plan & Statement of
Intent (action-Eckert)
5 Receive Quarter 1 Financials
(discussion-Koehn)
RES Revised NEM Policy
(action-Koehn)
ICE Energy (Stassi-Vanacore)
6 RES Modify Reserve to increase days
of liquidity target (action -Koehn)
RES Board Member Recognition
(Holmes) (action-Eckert)
EV Energy programs (Stassi-Vanacore)
7 RES Board Member Recognition
(Karleskint) (action-Eckert)
Community Choice Power membership
(Eckert)
RES approving 2nd Amended & Restated
JPA
General Function II Chief Executive Officer’s Report
REG Reports: Leg/Reg; Communications;
Programs; Rates update;
Chief Executive Officer’s Report
REG Reports: Leg/Reg; Communications;
Programs; personnel introduction;
Chief Executive Officer’s Report
REG Reports: Leg/Reg; Communications;
Programs;
QTRLY Updates: Strategic Plan Objectives;
Sponsorship Activity
Chief Executive Officer’s Report -QTRLY Updates requested by the Board JAN – APR – JULY – OCT
 Strategic Plan Objectives
 Sponsorship Activity
Informational Items
Glossary of Terms
Informational Items
Glossary of Terms
Informational Items
Glossary of Terms
Agenda Planning Document – Pioneer Community Energy Updated 11-15-2024 AUDIT/FINANCE COMMITTEE TBD – PRIOR TO JANUARY 8, 2025
in-person & remote locations IN THE FUTURE
Greg Janda, Chair
Gary Petersen
David Ring
John Hidahl
o Financial Audit o Rates

ENERGY PROCUREMENT REVIEW

AD HOC COMMITTEE TO BE SCHEDULED
zoom only

IN THE FUTURE
Greg Janda, Chair
Gary Petersen, Vice Chair
Alice Dowdin Calvillo
John Hidahl
o Review of EPRC Authority in Approval of Long-Term
PPAs

EXPANSION

AD HOC COMMITTEE
DECEMBER 4, 2024
3:00 PM
zoom only

IN THE FUTURE
Alice Dowdin Calvillo, Chair
David Yarbrough, Vice Chair
Jim Holmes
o Update regarding prospective New Members
o Enrollment Schedule

COMMUNITY ADVISORY COMMITTEE
TO THE CHIEF EXECUTIVE OFFICER NOVEMBER 13, 2024 IN THE FUTURE Meets on the 4th Wednesday
(even-numbered months)

Page 1 of 12 ends

Attachment 2: Legislative and Regulatory Update
Date: 11/21/2024

Legislative Affairs
• Pioneer submitted a letter of support for AB 2787 (Patterson) which would ease the solar requirements for property owners that have lost their homes due to a wildfire. The bill passed through both houses but was vetoed by the Governor due to concerns about undoing climate progress made through the Building Efficiency Standards.
• Pioneer drafted a support letter for AB 2902 (Wood) which would, among other things, require CalRecycle to exclude residents included in department-issued low population or elevation waivers from the population in determining a local jurisdiction’s organic waste procurement target. The bill passed through both houses and was signed by the Governor. It has been chaptered by the Secretary of State into statute.
• Pioneer submitted a letter of support for SB 867 (Allen) which would provide funding for clean air and water infrastructure and programs, through a $10 billion Climate Bond. The bond contains $50 million specifically allocated to the Department of Conversation for an existing pilot program to convert forest biomass into carbon-negative biofuels. The bill has passed through the Assembly and Senate and has been approved by the Governor. The Climate Bond will appear on the November ballot as Prop 4.
• Pioneer submitted a letter of support for AB 2750 (Gallagher) which would extend requirements on IOUs and CCAs to procure energy from biomass generating electric facilities to July 1, 2025. The bill would also expand eligibility for contract renewals to include facilities located in an air district that voluntarily reclassifies to “Severe” or “Extreme” air quality nonattainment status despite having actual measured air quality levels below that, allowing Rio Bravo Rocklin, a biomass facility in Placer Country, to be eligible for a contract renewal. The bill passed through both houses and was signed by the Governor. It has been chaptered by the Secretary of State into statute. • Pioneer submitted a letter of support for SB 1062 (Dahle) which would establish the “Biomass Technology Transition Program” to support the conversion of biomass generation facilities using traditional combustion technologies to newer advanced bioenergy technology facilities. The bill was held in Assembly Appropriations.
• Pioneer submitted a letter of support for SB 1014 (Dodd) which would require the Office of the State Fire Marshal to prepare a Wildfire Risk Mitigation Planning Framework and make the framework available as a planning tool for entities to engage in statewide wildfire risk mitigation planning. The bill was held in Assembly Appropriations.
• Pioneer signed onto a coalition letter sent to the Governor’s Office, urging the Administration to adopt a forest waste biomass utilization plan. Coalition partners included the Bioenergy Association of California, California Biomass Energy Alliance, CalForests, Rural Representatives of California, and several more local government agencies and biomass developers. The letter applauded the Administration’s leadership on wildfire mitigation and forest restoration but urged them to adopt a biomass utilization plan to further accelerate the beneficial use of waste biomass as a feedstock for clean energy generation and wood products.

Election Results for Current Member Agencies
• As of November 12, 2024, Pioneer’s constituent legislators include incoming Assemblymember Heather Hadwick (District 1) and incoming Senator Megan Dahle (District 1). In addition, Pioneer continues to be represented by Assemblymember Joe Patterson (District 5) and Senators Marie Alvarado-Gil (District 4) and Roger Niello (District 6).

Plf)NEER

COMMUNITY ENERGY
[Publish Date] Agenda Date: 11/21/2024

Page 2 of 12 ends

Attachment 2
• As of November 12, 2024, the following are incoming local representatives in Pioneer’s service territory:
o Auburn – Alice Dowdin Calvillo (ran unopposed)
o Grass Valley - Janet Arbuckle, Joe Bonomolo, Thomas Ivy (50% of ballots counted) o Lincoln - Whitney Eklund (ran unopposed)
o Rocklin - Ken Broadway, David Bass, Greg Janda (75% of ballots counted) o Placer County- Mike Murray leads Anthony Demattei by 350 votes (75% of ballots counted) o Loomis - James Cartwright and Jan Clark-Crets (75% of ballots counted) o El Dorado County - Greg Ferraro (won majority votes in March primary election) Election Results for Future Member Agencies
• As of November 12, 2024, the following are incoming constituent legislators in Pioneer’s future service territories:
o Butte County, Chico, Oroville, Paradise, Sutter County, Live Oak, Yuba City, Glenn County, Willows, Orland (Assembly District 3) – Incumbent James Gallagher leads Aaron Draper 65.1% to 34.9% (85% of ballots counted)
o Tuolumne County, Sonora (Assembly District 8) – David Tangipa leads George Radanovich 52.4% to 47.6% (99% of ballots counted)
o Nevada County (Assembly District 1) – Heather Hadwick leads Tenessa Audette 61.9% to

38.1% (55% of ballots counted)
o West Sacramento (Senate District 3) - Christopher Cabaldon leads Thom Bogue 61.8% to

38.2% (75% of ballots counted)
Regulatory Proceedings
Below is a summary table of the key issues, followed by further details on activities since our last Board Meeting on a few ongoing priority Pioneer regulatory Proceedings and matters. More updates will follow at \ Proceeding Issue Pioneer Position
R.22-07-005 Order Instituting Rulemaking
(OIR) to advance Demand
Flexibility through electric rates
Limit negative impacts of the
Income Based Graduated Fixed
Charge and educate Pioneer
Board and customers prior to
the rollout.

R.22-10-010 Order Instituting Rulemaking to
Implement AB 843 (2022) –
The Bioenergy Adjusting Tariff
Program
Expeditiously implement AB
843 to allow CCA access to the
BioMAT program for future
subsidies for biomass
procurement
A.20-02-009; A.21-03-008;
A.21-06-001; A.22-05-029
PG&E 2019 Energy Resource
Recovery Account (ERRA)
Compliance Application; PG&E
2020 ERRA Compliance
Application; 2021 ERRA
Compliance Application; 2022
ERRA Compliance Application;
2023 ERRA Compliance
Application; 2023 ERRA
Forecast Application; 2024
ERRA Forecast Application
Reduce the ERRA impact on the
PCIA; increase data
transparency from the IOUs
[Publish Date] Agenda Date: 11/21/2024

Page 3 of 12 ends

Attachment 2
R.20-08-020 Rulemaking to develop a
successor to existing Net
Energy Metering (NEM) tariffs
and to review and refine
existing NEM tariffs
Mitigate impacts to Pioneer NBT
customers and inform
customers of upcoming changes
to the program
R.21-03-011 Provider of Last Resort (POLR)
Order Instituting Rulemaking
Limit the impacts of changes to
the Financial Security
Requirement (FSR)
R.17-09-020; R.19-11-009;
R.21-10-002
Resource Adequacy (RA)
Reform & Implementation
Tracks
Refine the current RA Program
construct; reduce volatility of
RA prices; increase RA
procurement availability and
grid reliability
R.18-12-005 Utility De-energization, Public
Safety Power Shutoffs (PSPS),
and Enhanced Powerline Safety
Settings (EPSS)
Reduce impacts of PSPS and
EPSS events; increase
coordination and
communications with IOUs to
ensure public safety during de-energization; limit PSPS and EPSS impacts on CCA load
scheduling
CEC - OIR – 21-OIR-03, 23-
LMS-01
Load Management Standards
(LMS)
Ensure Pioneer Maintains
compliance with CEC mandates
and requirements
AB 843 OIR:
• October 20, 2022- The OIR was opened to examine the implementation of AB 843. • April 28, 2023- Workshop held.
• November 30, 2023- CPUC voted to approve the revised Proposed Decision, which clarified many of the issues raised in the comments of the PD, while retaining the favorable outcome for CCAs. • January 2, 2024- the IOUs submitted their Tier 2 ALs modifying the BioMAT Tariff to incorporate CCAs. • January 29, 2024- 60 days from the Decision- CCAs finalized two provisions with Accion for website work and third-party administrator. In addition, CCAs submitted a revised tariff, a program participation request, power purchase agreement, rate schedule, and balancing statement as part of a Tier II AL to the CPUC. • February 1, 2024- Tier III ALs were submitted by 4 CCAs indicating interest in participating in the BioMAT program (3CE, Pioneer, RCEA, and OCPA).
• February 23, 2024- CalCCA submitted a 15-day extension until March 14 to meet the requirement for the central BioMAT Accion webpage and standard framework for individual CCA webpages within 90 days of the decision due to an issue raised by Accion in the third-party administrator Statement of Work that the CCAs, IOUs, and Accion are attempting to resolve.
• February 25, 2024- RCRC submitted reply comments in support of the Joint CCAs proposal to consider extending the BioMAT program sunset date.
• March 1, 2024- A group of CCAs (Pioneer, RCEA, 3CE, OCPA, MCE, and VCE) submitted comments in the RPS proceeding asking the CPUC to consider expediting consideration of an extension to the BioMAT program beyond 2025.
• March 5, 2024- There is an agreement with Accion as the Third-Party Administrator. The agreement has been reviewed and signed by Pioneer as well as the other 3 CCAs. • On March 13, 2024- CalCCA submitted a second request for extension of time for an additional 15-day extension.
• March 20, 2024- CPUC granted CalCCA’s first request for a 15-day extension of time. • March 21, 2024- There was a meeting with CPUC staff on implementation of AB 843. Brad Hill will be [Publish Date] Agenda Date: 11/21/2024

Page 4 of 12 ends

Attachment 2
moving over to Natural Resources Agency.
• March 28, 2024- Assembly Member Aguiar-Curry submitted a letter of support to the CPUC for the extension of the BioMAT program. This letter included the support of other legislators: Senator Alvarado-Gil, Senator Dahle, Senator Talamantes Eggman, and Assembly Member Dahle. • March 28, 2024- CalCCA submitted a third request for extension of time for an additional 31-day extension of time (until April 29) for the central BioMAT Accion webpage and standard framework for individual CCA webpages to be completed within 90 day of the effective date of the decision. Work has been delayed pending final agreement from all parties to revisions to the third-party administrator Statement of Work. • April 4, 2024- There was a prehearing conference to address the preliminary scope of issues in the OIR for IRP where the Joint CCAs are asking for an extension of the BioMAT program. During this conference, Scott Blaising represented the Joint CCAs and asked for 1) the CPUC to expedite the extension of the BioMAT program and 2) broadly review the program.
• May 1, 2024- CPUC approved the joint CCAs Tier 2 Advice Letter which approved the BioMAT standard program documentation which included the tariff, the pro-forma power purchase agreement, program participation request forms, BioMAT program website and portal development contracts, independent third-party contracts, initial balancing account statements, and non-bypassable charge rate scheduled. • Pioneer has completed the implementation of the BioMAT program. The website and all necessary documents for BioMAT are live.
• June 20, 2024- CPUC issued a Draft Resolution to approve participating CCAs’ forecast revenue requirements, which is $0 for 2024-2026 for all participating CCAs, since no BioMAT projects are forecasted to COD before then.
• September 1, 2024- CPUC granted the joint CCAs’ extension request for the BioMAT application for prudent contract management, since there are no BioMAT contracts to report on. The new deadline will be 6 months after the first BioMAT contract is executed or September 1, 2025, whichever date comes first.

Demand Flexibility:
• June 30, 2022- AB 205 passed giving the CPUC the authority to approve a pricing structure that incorporates an Income Based Graduated Fixed Electricity Charge (IGFC). • July 14, 2022- The Commission issued an OIR to begin this proceeding to establish demand flexibility policies and modify electric rates to advance the following objectives: 1) enhance the reliability of California’s electric system; 2) make electric bills more affordable and equitable; 3) reduce the curtailment of renewable energy and greenhouse gas emissions associated with meeting the state’s future system load; 4) enable widespread electrification of buildings and transportation to meet the state’s climate goals; 5) reduce long-term system costs through more efficient pricing of electricity; and 6) to enable participation in demand flexibility by both bundled and unbundled customers. • July 31, 2023- Parties submitted Comments on the IGFC Implementation Pathways considering the ALJ Ruling’s questions.
• August 21, 2023- CalCCA submitted Reply Comments to refute parties’ arguments regarding including the PCIA or Competitive Transition Charge (CTC) as fixed costs eligible for inclusion in the IGFC. • October 27, 2023- 22 Democratic lawmakers sent a letter to the CPUC asking for an extension of the timeline for the proceeding and require public participation hearings before implementing an IGFC. • November 3, 2023- Track A (IGFC)- CalCCA filed a reply brief continuing to refute party proposals that the PCIA be included in the IGFC and noting that the parties advocating for inclusion of the PCIA have not addressed the arguments put forth by CalCCA.
• December 15, 2023- Track B (demand flexibility)- The CPUC issued a PD which directs PG&E to expand the Valley Clean Energy Ag-Fit pilot program. CCAs that participate in the expanded pilot may receive $20/kW for each year of customer enrollment in the PGE Ag-Fit pilot as an incentive. The incentive is capped at $1.8 million for PG&E’s territory. The budgets are for all the CCAs wanting to participate to share. PG&E will be administering the pilot so there will be no administrative costs, but several of the CCAs want to have a say in how the pilot is administered and the education and outreach of the pilot. December 18, 2023- Track A (IGFC)- CPUC issued a ruling requesting implementation information from the IOUs on the IGFC. The ruling [Publish Date] Agenda Date: 11/21/2024

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directs the IOUs to file additional information about the proposed budgets for implementing the first income-graduated fixed charges by January 24, 2024. • January 23, 2024- (Track B) There was a revised PD on the expanded pilots. Pioneer is considering offering the expanded Ag-Fit program to its customers. The pilot will be administered by PG&E so it will involve minimal work on behalf of Pioneer staff, but it will also bolster our Load Management Standards program and keep us competitive with PG&E.
• January 26, 2024- The CPUC approved the expanded pilots revised decision. In D.24-01-032 to Advance Demand Flexibility Through Electric Rates, the CPUC directed PG&E to expand the Valley Clean Energy Ag Real Time Pricing Pilot (VCE AgFIT Pilot). The decision orders PG&E to extend the duration and expand participation of the VCE AgFIT Pilot to agricultural customers throughout PG&E’s service territory. • January 30, 2024- (Track A)- There was a press conference held by a group of 20 Democratic Legislators calling for the repeal of income-graduated fixed charge. AB 1999 would repeal the income-graduated fixed charge approved under AB 205 (2022) and replace it with a $5 fixed charge for CARE customers and a $10 fixed charge for all other residential customers.
• February 13, 2024- Pioneer staff sent PG&E an email indicating interest in possibly participating in the expanded pilot expansion program, particularly the Ag Pilot. • February 13, 2024- at the Senate Utilities, Energy and Communications hearing the IGFC was brought up by CPUC president, Alice Reynolds, who indicated the CPUC was working on an IGFC decision possibly by the end of Q1.
• March 1, 2024- There is an expanded pilot workshop to address dual participation, since some demand flexibility programs are dual enrollment prohibited. Dual Participation is allowed for- Critical Peak Pricing:
(Peak Day Pricing and SmartRate), Electrification Rates: (E-ELEC), TOU Rates (E-TOU, E-TOU-D), Simple NEM and NBT, and ELRP Subgroup A: (A1-A6). Dual Participation is Prohibited- Supply-Side DR Programs (BIP, CBP, ART, DRAM, non-DRAM DR RA Contracts, DSGS Option 2), Flex Market Pilot, DAHRTP, ELRP Subgroup B: B1-B2, and Other Event-Based Load-Modifying Programs (OBMC, SLRP). • March 25, 2024- PG&E submitted their Tier 2 AL for implementation plans for PG&E’s Expanded Ag Pilot. 5 CCAs have expressed an interest in participating in PG&E’s Ag Pilot in 2024 (Ava, SVCE, VCE, 3CE, and Pioneer). PG&E will launch the pilot in June of 2024. Participants will continue to pay their current bill and will receive the shadow bill, which they will not pay. The shadow bill will illustrate a customer’s potential savings under the dynamic pilot rate. There is also a $20 per unbundled kW per year incentive, subject to a $1.8 million cap for all CCA incentives.
• March 27, 2024- The CPUC issued a proposed decision addressing AB 205 (Income Graduated Fixed Charge) requirements for electric utilities. The earliest this proposed decision could be adopted is May 9, 2024. This decision authorizes all IOUs to shift the recovery of a portion of fixed costs from volumetric rates to a separate, fixed amount on bills without changing the total costs that utilities may recover from customers.

As a result, this decision reduces the volumetric price of electricity (in cents per kilowatt hour) for all residential customers of IOUs. The CPUC did not adopt the IOUs’ proposal and instead the proposal would have Tier 1 (customers enrolled in CARE) pay $5 a month, Tier 2 (customers enrolled in FERA or who live in affordable housing restricted to residents with incomes at or below 80% of Area Median Income) pay $12 a month, and Tier 3 (all other customers) pay $24.15 per month. This new billing structure would apply to all residential rates of the IOUs, except for master-meter rates that are not sub-metered. • May 9, 2024- CPUC approved implementation of the Income Graduated Fixed Charge without any changes to the structure described in the previous bullet.
• June 12, 2024- CalCCA filed reply comments on the Track B Proposal, urging the CPUC to reconsider the process for updating marginal cost values and to clarify a cost recovery structure that ensures CCA customers do not get double-charged for being unbundled.

Net Billing Tariff (NBT):
• December 15, 2022- The CPUC issued a PD that was voted out unanimously. New solar customers that sign up after April 14, 2023, will be placed on NBT. This Proceeding created a successor Program to NEM 2.0 to address some of the identified issues with the existing Program. The objective is to increase equity and eliminate cost shifts onto lower income customers who are subsidizing, to some degree, residential solar owners.
[Publish Date] Agenda Date: 11/21/2024

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• August 2, 2023- The CPUC issued a Proposed Decision on the remaining issues in the NBT proceeding, including virtual NEM, enhanced consumer protection, and fuel cell participation. • August 8 ,2023- Comments were filed by Joint CCAs: SDCP, PCE, Pioneer, SCP, RCEA, and SJCE. The comments argued that the Proposed Decision, with some adjustments, can improve bill clarity for NEM customers and future NBT customers.
• September 14, 2023- A California appeals court will hear a lawsuit seeking to overturn the CPUC’s rooftop solar decision which would significantly reduce the credits customers receive. • September 16, 2023- There was a letter signed by members of the Legislature on the NEM program for agricultural users.
• October 26, 2023- Joint CCAs have held ex parte meetings with the CPUC, and President Reynolds, who recommended meeting with the Energy Division.
• October 30, 2023- Energy Division released a Proposed Resolution approving the IOUs NBTs, with modifications.
• November 2, 2023- CPUC has delayed their decision implementing Virtual Net Energy Metering (VNEM) and other aspects of NBT until November 16, 2023, at the earliest. • November 16, 2023- CPUC adopted revision 2 of the VNEM Decision. • November 20, 2023- PG&E requested an extension of time to comply with the Residential Net Billing Tariff to August 31, 2024. Pioneer led a coalition of CCAs that submitted a letter to the CPUC in support of the extension request to allow for a more enhanced customer service process. • December 14, 2023- CPUC granted an extension for PG&E until April 15, 2024. • December 20, 2023- An appeals court in San Francisco upholds the CPUC decision on the vote to overhaul rooftop solar rules. Protect Our Communities Foundation, Center for Biological Diversity, and the Environmental Working Group filed the lawsuit. This decision could be taken to the Supreme Court. • Week of April 22, 2024- Pioneer will send a postcard to all customers impacted or potentially impacted by the Solar Billing Plan. Themed as “Top 5 Things to Know About the Sollar Billing Plan,” this mailer clarifies information provided in PG&E’s required mailers and will arrive before customers receive bills that reflect changes due to the Solar Billing Plan. Roughly 175 customers in Pioneer’s service area will be immediately affected. The mailer will go to all 723 customers with interconnection applications pending, as well as those who will see billing changes over the next year (about 1,800).

PG&E ERRA Compliance and ERRA Forecast:
• The ERRA Proceedings act as a review of an IOU’s prior year portfolio management and accounting and seeks to identify errors and discrepancies between PG&E’s revenue requirements vis-à-vis collected revenues through the IOUs’ General Rate Case (GRC) which ultimately affects CCA rates through the Power Charge Indifference Adjustment (PCIA).
• May 14, 2023- PG&E’s 2023 – 2024 ERRA Forecast and Testimony was released. • June 1, 2023- NewGen sent over the new rate forecast spreadsheet. The forecast looks good with the PCIA remaining negative over many vintages, but this will change before the October Update. • June 16, 2023- Keyes and Fox filed a Protest to PG&E's Forecast Application. • August 10, 2023- CalCCA filed a Protest to PG&E’s ERRA Trigger Application proposing a rate increase in November to correct and account for under-collections.
• September 6, 2023- CalCCA provided Testimony on the 2024 PG&E ERRA Forecast case and touched upon the fixed generation cost issue.
• October 16, 2023- PG&E’s October Update to its 2024 ERRA Forecast came out. Energy prices have softened relative to PG&E’s original forecast (which would, all else equal, cause PCIA rates to increase), but RA and RPS benchmarks have increased significantly since PG&E's filing (dampening the impact of energy prices).

All told, forecast rates increased relative to the original forecast across the board, but forecast rates remain negative for vintages 2021 and later.
• November 1, 2023- Keyes and Fox submitted comments on PG&E’s ERRA Trigger proposal and comments on PG&E’s October update.
• November 16, 2023- The CPUC unanimously approved the Alternate Proposed Decision and indicated that [Publish Date] Agenda Date: 11/21/2024

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“the decision balances a myriad of competing interests- affordability, feasibility, safety, and reliability.” PG&E requested $15.4 billion for 2023 and the decision reduced that amount by $1.8 billion to $13.5 billion.

This is an 11% increase from the authorized 2022 revenue requirement. For the typical residential customer, their combined monthly electric and natural gas bill will increase by $32.62 or 12.8%, compared to PG&E’s request of $38.73 or 17.9% increase.
• November 30, 2023- The PD for the PG&E ERRA Forecast came out. There were a couple of disputed issues including whether to amortize the 2023 trigger balance over 6 months or 12. CalCCA was asking for 12 and PG&E was asking for 6 months. The CPUC adopted PG&E’s recommendation. The second issue was whether PG&E should apply a first-in-first-out methodology to the use of excess prior year RECs or a last-in-first-out methodology. The CPUC ruled with PG&E on a last-in-first-out methodology. • December 12, 2023- A revision to the proposed decision came out and CalCCA won its argument on first-in-first-out, meaning the CPUC is requiring PG&E to use a first-in-first-out methodology for RECs banked in or after 2019.
• December 29, 2023- PG&E submitted their Annual True-Up to change PG&E’s electric rates on January 1, 2024.
• March 21, 2024- There was a Preliminary Issue Review with Keyes and Fox. 2021 ERRA proceeding is still open but coming to an end, 2022 is still busy and 2023 is just starting up. Some of the big issues to watch include PG&E’s RA Sales and Accounting; DWR reimbursement to PG&E; and Retained, Sold and Unsold RPS. • June 12, 2024- The Assigned Commissioner issued the Scope Ruling in PG&E’s 2023 ERRA Compliance proceeding. The ruling does not adopt CalCCA’s recommendation to expressly clarify that the reasonableness of PG&E’s record year RA activities and sales is within the scope of this proceeding. It excludes the RA scoping issue out of this proceeding altogether, possibly in hopes the issue will be settled in PG&E’s 2022 ERRA Compliance proceeding. The Scope Ruling also lays out the procedural schedule. NewGen and Keyes & Fox will continue to work on discovery and reconvene with CalCCA before Intervenor testimony is due in September.
• June 17, 2024- CalCCA filed a protest to PG&E’s 2025 ERRA Forecast application. In this proceeding, the 2025 levels for the PCIA will be established. Due to forecasted low brown energy prices and high RA prices, the PCIA is expected to decrease, which will result in increased generation rates for PG&E’s bundled customers. PG&E’s 2025 ERRA Forecast application proposes a new ratemaking method to ensure reasonable rates for bundled ratepayers, by freezing the RA market price benchmark (MPB) at its 2024 forecast level, rather than using the 2025 forecast or the 2024 actual RA MPBs. CalCCA responded, urging the Commission against considering these broad policy questions, which fall outside the scope of the ERRA Forecast proceeding. CalCCA also argues that implementing an RA value cap would inappropriately inflate PCIA rates, shifting costs to unbundled customers, in violation of the PCIA ratemaking framework that has been established.
• July 25, 2024- The CPUC issued an ALJ ruling in PG&E’s 2022 ERRA Compliance proceeding, re-opening discovery to examine potential RA withholding actions taken by PG&E. • August 1, 2024- Assigned Commissioner issued a Scoping Memo and Ruling in PG&E’s 2025 ERRA Forecast application, supporting CalCCA’s protest that this proceeding is not the correct venue to address the RA MPB issue.
• September 3, 2024- CalCCA filed a direct testimony, prepared by Brian Dickman, in PG&E’s 2025 ERRA Forecast proceeding on behalf of CCAs. The testimony urges the CPUC to reject PG&E’s proposed change to its common cost allocation method and its proposal to create a new category of RPS-eligible resources outside of the previously recognized context of the PCIA calculation. The testimony also calls upon PG&E to make corrections to their calculation of “negative retained system RA” and “amount included as the amortization of the gain on the sale of its San Francisco General Office headquarters”. • October 4, 2024- CalCCA filed an opening brief, prepared by Keyes and Fox, in PG&E’s 2022 ERRA Compliance proceeding regarding the issue of PG&E withholding excess RA. CalCCA urged the Commission to revisit PG&E’s Bundled Procurement Plan in the IRP proceeding to ensure PG&E is making its excess RA available to the market in a timely and comprehensive manner, which is critical due to current RA market shortages. The brief incorporated the new discovery responses received from PG&E, once the ALJ re-opened [Publish Date] Agenda Date: 11/21/2024

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the discovery window for CalCCA in July 2024.
• October 4, 2024- Energy Division released the 2024 Final MPBs and 2025 Forecast MPBs that are used to calculate the PCIA in PG&E’s 2025 ERRA Forecast proceeding. They have since issued corrections to the MPBs several times.
• October 8, 2024- In the PG&E 2025 ERRA Forecast proceeding, the ALJ issued an email ruling asking for comments regarding the impact of the recently released MPBs. The questions posed ask parties whether they expect the released MPBs to have a significant impact on the issues within the scope of the proceeding, and to offer any procedural options to address these impacts. • October 14, 2024- PG&E and CalCCA replied to the ALJ ruling asking for party comments relating to the impact of the released MPBs. PG&E stated the released RA MPBs will result in a $500 million increase to the bundled customer generate revenue requirement, while departed load customers would see a net reduction of $500 million through their PCIA. Furthermore, the released RPS MPB would increase the bundled service customer generation revenue requirement by an additional $250 million, with a corresponding reduction to departed load customers. For these reasons, PG&E asks the Commission to delay the procedural timeline and consider various mitigation methods such as producing additional rate-setting scenarios and establishing a tracking account to remediate any potential cost shifts while further investigating this issue.

CalCCA stated in their replies that the RA MPB is operating as the Commission intended, therefore, no modifications to the ratemaking process in this proceeding are warranted. CalCCA reiterated that proposals to modify the PCIA revenue requirement calculation methodology are outside the scope of this proceeding and should not be considered in response to the ALJ ruling. • October 23, 2024- PG&E filed their Fall Update, in which they argue the recently released MPBs were wrongly calculated and inflated. Considering how the high price of the RA MPB does not appropriately incentivize procurement compliance, PG&E urges the Commission to consider mitigation measures. They present various mitigation proposals which involve freezing the RA and/ or RPS MPBs to 2024 forecast levels and tracking the differences in a balancing account.
• October 31, 2024- CalCCA filed a motion to strike PG&E’s MPB discussion and mitigation proposals from the record, as they were already deemed out of scope for this proceeding in a previous ALJ ruling. CalCCA also filed a reply brief which reiterates that the Commission should not consider mitigation measures in this proceeding, and argues that the “gross revenue requirement” methodology equitably allocations common costs to customers.

Resource Adequacy:
• May 25, 2023- The CPUC issued a PD barring non-compliant LSEs from expansion for two calendar years following a system RA deficiency.
• June 14, 2023- CalCCA filed Opening Comments recommending the CPUC fully reject the PD’s restrictions on LSE expansion due to RA deficiencies and modify the RA deficiency penalty. • June 19, 2023- CalCCA filed reply comments on June 19, 2023. • June 27, 2023- a Redlined PD was issued. The revisions included: adopting a one percent minimum threshold for RA deficiencies that would limit CCA expansions; clarifying that if an LSE “cures” its year-ahead RA deficiency in the month-ahead timeframe, the year-ahead deficiency will not be applied to the expansion requirement.
• June 29, 2023- The PD was adopted by the Commission.
• July 26, 2023- CalCCA and CCCE filed two Applications for Rehearing (AfR) of the decision to limit CCA expansion for two years due to uncured RA deficiencies. CalCCA’s PfR cited a lack of CPUC statutory authority to limit CCA expansion, and that it gives itself new unauthorized powers to needlessly discriminate against CCAs to prevent their growth; it also asserted, that without credible evidence, the CPUC determined that addition of new CCA load would be detrimental to grid reliability, and that the decision violates the CPUC’s legal requirement to apply RA enforcement measures in a nondiscriminatory manner, not just to CCAs.
• October 5, 2023- CalCCA filed a Petition for Writ of Review of Resolution E-5258 and D.23-08-052 over the decision with the First Appellate District.
[Publish Date] Agenda Date: 11/21/2024

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• On September 19, 2023, PG&E and SCE submitted their annual CPE reports. PG&E is short RA for all months - up to 4,400 MW.
• October 12, 2023- The Commission opened the new RA proceeding through its Order Instituting Rulemaking (OIR). The OIR proposes the scope, schedule, and administration of this next RA proceeding. • November 9, 2023- CalCCA submitted comments recommending additional scoping items for the RA proceeding, including additional refinements to the RA program for the local RA CPE, compliance and penalty structure, SOD transactability, and RA import rules.
• December 14, 2023- CPUC denied CalCCA’s request for a rehearing of the decision on RA procurement obligations and the prohibition against CCA expansion for failure to comply. • January 17, 2024- Petition for Writ of Review prohibition of CCA expansion filed. Shell also filed a petition for somewhat different reasons. CPUC is seeking to consolidate since there are two filings. CalCCA did not oppose the motion.
• January 19, 2024- Proposals due in the RA proceeding for Track 1, addressing time-sensitive issues that must be resolved for the 2025 RA compliance year. CalCCA has identified 3 major problems that the RA proposals should address: RA market scarcity, the potential exercise of market power, and removing the economic incentives not to comply. CalCCA is seeking to remove the prohibition from CCA expansion in the event of noncompliance and add the ability for the CPUC to waive penalties if CCAs can show reasonable efforts to comply were unsuccessful. The RA proposal approved by CalCCA’s Board included a temporary waiver proposal for system and flexible RA from 2025 to 2027. Partial waivers would waive the penalty points and non-fiscal consequences and a full waiver would also be available that would waive financial penalties as well under certain circumstances. A slice of day waiver would also be available. • February 14, 2024- There was Proposal Workshop to discuss the various proposals. Since not everyone was able to make a presentation, there was a second workshop on February 28 where CalCCA presented its proposal.
• February 23, 2024- There was a SOD proposal workshop. CalCCA is asking for a delay in SOD implementation from 2025 until 2026 because the showing and compliance tools are not working properly. • March 22, 2024- CalCCA submitted comments on the RA Program with regards to considering RA reforms and refinements and establishing forward RA procurement obligations. CalCCA believes the focus should be to adopt proposals that protect customers against excessive RA costs and increase RA capacity availability. • March 22, 2024- The CPUC issued a response to CalCCA’s Writ Petition #2 and denied that a writ should be issued. Comments are due May 16.
• June 6, 2024- CalCCA filed comments on the CPUC’s RA Track 1 Proposed Decision (PD), regarding key issues with SOD implementation. CalCCA emphasized how customer affordability will be put at risk due to the hourly transactability issue, and the CPUC’s refusal to delay SOD implementation or offer system RA waivers. The comments also included a host of other issues including the CPUC’s insistence on using a higher than necessary planning reserve margin (PRM), exclusion of existing resources in cure period extensions, restrictions on the amount of RA imports allowed, and concerns about the resource counting methodology.
• June 14, 2024- CalCCA filed comments on the Assigned Commissioner’s Scoping Memo and Ruling on Track 2, proposing an adjustment of the central procurement entity (CPE) timeline. Currently, the Commission authorizes the CPE to procure local RA until 2 months before LSEs must submit their year-ahead RA showings. This leaves LSEs with limited time to fill their shortages in response to CPE allocation. CalCCA’s proposal urges the Commission to require the CPE provide their LSEs with their local RA allocations at least 1 year prior to their year-ahead RA filings.
• June 20, 2024- The CPUC issued a decision to adopt local capacity requirements for 2025-2027, flexible capacity requirements for 2025, and refinements to the RA program as scoped in Track 1. The Commission maintains that the 2025 RA compliance year will be the first year for the new SOD framework, but remains open to considering hourly transactability after implementation, should any issues arise. • August 23, 2024- CalCCA filed reply comments on the ALJ ruling modifying the Track 2 schedule, expressing concerns about the upcoming loss of load expectation (LOLE) study and how it will be used to set the PRM for SOD implementation, and the proposed changes to the CPE framework and timeline. [Publish Date] Agenda Date: 11/21/2024

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• August 30, 2024- Energy Division (ED) published the revised version of their RA LOLE study, which the CPUC will use to calibrate the PRM for the 2026 SOD implementation. Based on the LOLE study, ED staff recommended the CPUC adopt a 26.5% PRM during the months of January to May and a 23.5% PRM during the months of June through December, to maintain the target reliability level of 1 day in 10 years (0.1 LOLE). This recommended PRM is much higher than the originally set 17% PRM in the 2025 SOD implementation framework.
• September 9, 2024- CalCCA filed comments on the published RA LOLE study, urging the Commission to conduct further analysis before adopting the recommended PRM of 26.5% PRM during the months of January to May and a 23.5% PRM during the months of June through December. CalCCA cited concerns with potential study methodology flaws and significant impacts to ratepayer affordability associated with the recommended PRM.
• September 19, 2024- PG&E released their 2024 Central Procurement Entity Annual Compliance report. The report shows they are short in their centralized procurement of RA for 3 years forward. • October 29, 2024- The CPUC issued a proposed decision for RA Track 2, which deals with the PRM and CPE framework. Regarding the proposed PRM, the Commission agreed additional vetting and further analysis is needed, authorizing ED to undertake a further revision of the 2026 PRM analysis which will be considered in Track 3 of the proceeding. As for the CPE framework, the Commission successfully adopted CalCCA’s proposal to lock in CPE allocations one year earlier, giving LSEs more time to self-procure.

Utility Deenergization, PSPS, and EPSS:
• July 12, 2022-Pioneer, along with Joint CCAs, Joint Local Governments, and Rural County Representatives of California (RCRC), filed a motion with the CPUC on July 12, 2022, to consider EPSS issues in the Deenergization or its own Proceeding. The arguments in the motion seek to treat EPSS events with the same regulations and oversight as Public Safety Power Shutoff (PSPS) events. • September 21, 2023- The CPUC approved a PSPS citation program for violations of the established PSPS guidelines.
• August 30-31, 2023- PG&E provided a post PSPS report. A total of 3,928 customers were deenergized. • October 10, 2023- The Joint CCAs, RCRC, and Joint Local Governments had a meeting with the Public Advocates Office to see if there is agreement on the need to further do more with regards to Fast Trips. The Public Advocates Office indicated that the CPUC and Office of Energy Infrastructure Safety are not inclined to act to regulate Fast Trips and that more data is needed. The Public Advocates Office is looking to submit a report in the beginning of 2024.
• January 16, 2024- The data for December’s Fast Trips and YTD data came out. These are the following circuits in Pioneer’s territory with 8 or more outages in 2023:
o Placerville 2106 (EDH)- 19
o Apple Hill 2102 (EDH)- 18
o Shingle Springs 2109 (EDH)- 11
o Mountain Quarries 2101 (EDH)- 11
o El Dorado PH 2101 (EDH)- 11
o Clarksville 2104 (EDH)- 9
o Apple Hill 2104 (EDH)- 9
o Lincoln 1101 (Placer)- 8
o Penryn 1103 (Placer)- 8
o Penryn 1107 (Placer)- 8
o Brunswick 1105 (Nevada)- 17
o Brunswick 1106 (Nevada)- 15
• January 29, 2024- A data request was made by joint CCAs (including Pioneer) using the circuits listed above to PG&E requesting the number of customers served by each circuit, the number of life support customers, the number of medical baseline customers, and the number of critical facilities served by each circuit. • March 8, 2024- Part of the information we were seeking regarding the data request came back. Pioneer staff will be reviewing this information.
[Publish Date] Agenda Date: 11/21/2024

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• August 23, 2024- PG&E completed our data request made in January, except for information regarding hardening projects on the circuit including their pole numbers, project location and timeline, and type of hardening work to be completed, on the grounds these questions are out of scope and are unduly burdensome. Pioneer staff will be reviewing the rest of the data request provided.

Provider of Last Resort (POLR):
• October 2, 2019- SB 520 passed requiring the establishment of a Provider of Last Resort (POLR). As part of the proceeding to implement SB 520, the CPUC is seeking to establish new policies to plan for and prevent catastrophic failures in the event of an unplanned return en masse of CCA customers to IOU service.

Additionally, the CPUC will review and update existing procedures and policies for Financial Security Requirements (FSR), reentry fees, and LSE deregistration process and compliance requirements. • July 31, 2023- CalCCA's Reply Briefs were submitted and address PG&E’s proposal to modify the FSR to reflect two months of forecast energy costs, other parties’ recommendations on elements of the existing FSR calculation, mandatory contract assignments, financial monitoring, and the duration of POLR service. • March 14, 2024- the CPUC came out with a proposed decision. April 18 is the first opportunity the CPUC could adopt the decision. The proposed decision has a mix of favorable and unfavorable decisions. For example, it rejected PG&E’s proposal to require FSR postings to reflect 2 months of POLR service, it maintains the ability to use service bonds, and it keeps confidential the information about LSEs that trigger financial monitoring. However, the proposed decision also approved using PG&E’s Administrative Fee ($4.24) without sufficient evidence of the costs, the CPUC should clarify that November 2024 FSR Calculation would be the earliest possible calculation under the new rules, and the CPUC should clarify the timing of the second tier of reporting requirements so CCAs know when to evaluate their metrics. The biggest issue the proposed decision addressed was updating the FSR requirements. The minimum remains $147,000, but now CCAs must use the IOU’s Administrative and multiply that figure by the number of accounts the CCA has.

The higher of that amount or the $147,000 will be the new FSR. For CCAs that are in PG&E’s territory the administrative fee is $4.24 per customer, while the other IOUs’ administrative fees are significantly less (around $.50 per customer). If the final decision requires CCAs within PG&E’s service territory to use PG&E’s administrative fee, all CCAs within PG&E’s service territory will likely be paying an FSR well over the $147,000 minimum.
• April 23, 2024- CPUC adopted a revised POLR Decision inclusive of several of CalCCA’s requests.

Specifically:
o Reducing RA costs in the FSR by accounting for returning CPE RA allocations, in addition to the CAM and DR RA allocations.
o Nets PCIA in the FSR whether the PCIA is positive or negative. o Affirms current timing for calculating FSRs.
o Provides CCAs with an additional 60 days to file first FSR following IOU tariffs implementing this decision.
o Requires CCAs to file the Tier 1 audited financial report to Energy Division once a year, in January or July, whichever comes earlier relative to the availability of the audited financial statement.
o Allows 90 days for CCAs to submit joint advice letter on new CCA registration process • July 12, 2024- CalCCA, on behalf of Pioneer, filed a Tier 2 AL to formalize the Financial Monitoring and Reporting Guidance document. The CPUC requires financial reporting to be done on a 2-tier system. Tier 1 requires every CCA to submit an annual audited financial report. Tier 2 requires CCAs to submit additional financial reporting, if certain trigger events such as a change in credit rating occur. This document clarifies the process and procedures CCAs must follow to comply with Tier 2 financial reporting conditions. o July 22, 2024- The joint IOUs filed a protest to the joint CCAs’ AL on Financial Monitoring and Reporting Guidance, insisting CCAs’ use “lines of credit” instead of “letters of credit” as the primary financial instrument to demonstrate days of liquidity of hand (DLOH). The IOUs also insisted CCAs report financial triggers 10 days after they occur, instead of the proposed 60 days.
o September 6, 2024- CalCCA met with Energy Division to express that CCAs agree to comply with the joint IOUs’ request to use “lines of credit” to calculate DLOH. On the issue of [Publish Date] Agenda Date: 11/21/2024

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minimum days required to report financial trigger events, CCAs insist on keeping 60 days, as this is the minimum amount of time required to prepare accurate financial statements due to complex billing and accounting systems.
• July 17, 2024- CalCCA, on behalf of Pioneer, filed a Tier 2 AL to clarify requirements for the new CCA registration process and implementation plan. These requirements include (1) submission of a feasibility study and pro forma financial statement with the Implementation Plan, (2) establishment of annual assumptions to be included in the pro forma financial statement, (3) establishment of milestones for critical implementation action and review progress, and (4) submission of an updated proforma financial statement six months prior to launch. The AL served to provide additional examples for annual assumptions and critical milestones.
o August 6, 2024- PG&E filed a protest to the joint CCAs’ AL on additional implementation plan requirements, citing the proposal would limit the CPUC’s ability to assess whether enhancements to the implementation plan would result in cost shifts to bundled customers. o August 13, 2024- CalCCA filed a reply to PG&E’s protest on the additional implementation plan requirements, citing the additional requirements proposed are correctly slotted under the umbrella of CPUC authority to certify implementation plans and determine a cost-recovery mechanism for CCA customers that prevents cost shifts to bundled customers. • August 6, 2024- An ALJ Ruling was issued to define the scoping issues in Phase 2 of the POLR proceeding, which will be primarily concerned with clarifying requirements for an application for a new entity to become the POLR.
• August 23, 2024- The prehearing conference for Phase 2 was held, in which CalCCA filed a statement agreeing with the current set of questions proposed in the Phase 2 scope. In its statement, CalCCA also urged the CPUC to reject PG&E’s request to scope in issues regarding the liquidity needs of the POLR and analysis of seasonal RA pricing.

CEC Load Management Standards (LMS):
• October 12, 2022- The CEC adopted the Load Management Standards regulation which requires the development of a statewide standard tool for authorized rate data access by third parties that is compatible with each IOU, large POUs, and large CCAs with the idea that electricity customers or their authorized third-party agents can look at rates that the customer is eligible to switch and allow the customer to change the customer’s current rate to rates they are eligible for. • June 8, 2023- CEC staff provided a schedule of the key LMS adoption and compliance dates. • August 1, 2023- Pioneer, through Calpine, uploaded its rates and will continue to work with Calpine on uploading all time dependent rates to meet deadlines.
• January 17, 2024- Workshop on implementation of LMS. Comments on the workshop are due on January

31. • March 21, 2024- Pioneer’s LMS plan presented to the Pioneer’s Board for approval. • March 26, 2024- Pioneer submitted the Board-approved LMS plan. • April 1, 2024- All large CCAs are required to file their plan for compliance with LMS regulations. • April 16, 2024- CEC held a scoping meeting to discuss development of the statewide rate access tool.

Discussions on how the tool will be funded are ongoing. • May 31, 2024- CPUC granted PG&E’s request to delay commencement of enrollment in its dynamic rates pilots from June 1, 2024 to November 1, 2024.
• July 15, 2024- The CEC requires LSEs to jointly develop and submit a Single Statewide Tool (SST) for their review by October 1, 2024. The joint IOUs, led by SDG&E, released a 50-page draft of a proposed model for the SST, and will host weekly workshops to receive input from CCAs and POUs. • September 4, 2024- Pioneer met with CEC staff to receive feedback on our LMS Compliance Plan and discuss the development of our LMS programs.
• October 1, 2024- In compliance with LMS regulation requirements, Pioneer filed the Single Statewide Tool concept design, terms and conditions, and pleading document, jointly with the IOUs, Large CCAs, and POUs.

In addition, Pioneer submitted our individual LMS Load Flexibility Programs List to the CEC.

Attachment 3: Communications and Outreach Updates
Date: 11/21/2024
NOTABLE ACHIEVEMENTS – OCTOBER 2024:
• Increase in 5-star Google reviews is gradually elevating and improving Pioneer’s online profile • Re-launch of paid media to support the GridGen program touts a click-through rate (CTR) nearly 3x the expected benchmark for the campaign, showing early signs that the program is catching customers’ attention. The keyword “no credit check” is performing exceptionally well, with a 48% CTR.
• Information about the October 25 “Who Is Pioneer?” webinar was well-received and shared via social media. This is the first in a series of four new webinars being held by the Customer Care team.

SOCIAL MEDIA ENGAGEMENT STEADILY RISING
Pioneer’s social media pages are now consistently attracting engagement from key stakeholders, including CalCCA, Pioneer members, local chambers, and community partners - allowing Pioneer to further share news and information and enhance our audience reach. News shared includes information about Pioneer’s HVAC and GridGen programs, a mention from the Loomis Chamber for sponsoring the FruitShed Fest, and information about our recently held “Who Is Pioneer?” webinar.

Top performing posts, as in months past, include photos of real people. Post-event recaps for the Placer Plug-In Day performed well across all platforms (Facebook, Instagram and LinkedIn). Top posts by platform also include:

Instagram
• 39% engagement
• Highest engagement percentage
across all platforms in October
Facebook
• 14% engagement
LinkedIn
• 11% engagement
• 10 reactions
• 1 repost
Plf)NEER

COMMUNITY ENERGY
Turn down the temperature on
your water heater!
Water heating accounts
for about 20% of your
energy usage. Every 10°
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Don Eckert, Jr.

Chief Ek8CUltV8 Officer
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Page 2 of 4 ends

PAID MEDIA RE-LAUNCH SUPPORTS GRIDGEN LAUNCH INTO ALL TERRITORIES Meta (Facebook and Instagram), Google search, and Google display (websites + apps) ads launched again on October 28 to support Pioneer programs. Advertisements were placed in all territories for GridGen.

Paid efforts help us stay connected with our audience, educate them on new programs, and encourage participation. This is critical for both the success of the programs and maintaining awareness of Pioneer over the long run. Without this continued visibility, these programs might not reach the adoption levels we need.

Key insights:
• The click-through rate (CTR) is nearly 3x the expected benchmark for the campaign, showing early signs that the program is catching customers’ attention. • The keyword “no credit check” is performing exceptionally well, with a 48% click-through rate. “Install rooftop solar” is also doing great with a 20% CTR. These results show that we’re effectively reaching people at the right moment as they search for relevant topics. • The “320x50” display ad format accounts for nearly 60% of all delivery, indicating that most of our audience is viewing these ads on mobile. This is an important reminder as we build out creative and media plans in the future.

OUTREACH AND ENGAGEMENT:

Outreach during October was geared both toward community-building and expansion efforts, with participation at:
• Regional Economic Development Placer County meeting
• Loomis Chamber of Commerce GRC
• Shingle Springs/Cameron Park Field Day
• Auburn Senior Center Field Day
• Sunrise with Rocklin Chamber of Commerce
• Auburn Chamber of Commerce Celebration Event
• Rocklin Chamber of Commerce breakfast meeting
• Loomis Chamber of Commerce meeting
• El Dorado Hills Chamber Business Walk
• Lincoln Chamber of Commerce breakfast meeting
• State of the City, City of Lincoln
• Meeting with William Jessup University, lunch, and tour Additionally, Pioneer maintained a strong presence in expansion communities, providing detailed in-person briefings of the Impact Assessment Study to the Cities of Oroville, Chico and Live Oak, Overall metrics for our current paid media campaign are:
• Total impressions: 172,523
• Total clicks: 1,253
• Click-through rate (CTR): >.25
Ads are running on
• iHeart media (radio + podcasts)
• Local news (Examples include Auburn Journal, Gold
Country Media, Mountain Democrat, etc.)

Page 3 of 4 ends

and the Town of Paradise. Pioneer also attended the Town of Loomis Council meeting when the Second Amended and Restated Joint Powers Agreement was on the agenda.

CUSTOMER CARE SATISFACTION RATINGS ON THE RISE
Customer calls were down by 29% in October, which often is a positive sign, as well as an indication that customers recognized the pause in our programs promotion efforts. • Despite the lower number of calls, a higher percentage of customers completed the post-call survey and reported a higher level of satisfaction (95.1% compared to 94.3%). • Additionally, a higher percentage of calls were answered within 60 seconds (93.12%).

Interestingly, the number of emails in the customer service inbox jumped from 4 in September to 67 in October, likely due to the GridGen and quarterly mailer campaigns.

Pioneer re-launches webinars to help customers understand complex info Pioneer launched the first of a series of four new webinars on October 25. The “Who Is Pioneer?” webinar was created to provide customers with comprehensive information that answers frequently asked questions in a 15-minute webinar. There was strong interest in the webinar on social platforms, with the Instagram post about the webinar garnering 11 likes and 17% engagement.

Topics for upcoming webinars are include “How to Read Your Bill,” “NEM and Solar Billing,” and “What Customers Should Know About Solar Billing Plan.”
Chatbot
The chatbot continues to be an important and time-saving tool for customers to efficiently receive information.
• Total Conversations: 56
• Avg. conversation length: 29 minutes, 25 seconds
• Satisfaction rating: 4.4 out of 5

WEBSITE
The Pioneer website had nearly 8,500 visits during October. The top five webpages visited in October were:

1. Home

2. GridGen

3. PowerShift Rewards

4. Career Opportunities

5. News & Information: rate reduction press release
Use of our mass email program is still very effective when used, with email being our top source for traffic acquisition in October. User traffic is driven by a variety of sources, including email, organic search, paid media, and other sources.
5-Star Google reviews improve Pioneer’s online profile
•
Charles West
4 reviews
***** 2 months ago
Extremely helpful in getting my $60. rebate.

Thank you Kelly.

Page 4 of 4 ends

• Brie Hall
4 reviews • 2 photos ***** 6 mont hs ago
Well, that was cool! We recently moved and wanted to replace all the lig,ht bulbs in the house with LEDs. I noticed Pioneer's ,Green Lite prog,ram at tlhe local hardware store on Main Street in Placerville and was able to buy four bulbs for about $1 ! I wasn't sure if we were opted into Pioneer at ou r new house,. but it didn't matter if we were or weren't Pretty coo l!
Jake Redmond
13 reviews • 2 photos
***** 2 months ago
Receptionist was very sweet!

Page 1 of 2 ends

Attachment 4: Program Updates
Date: 11/21/2024

Community Advisory Committee
• The Community Advisory Committee met November 13th.
• The progress of current programs was reviewed along with discussion of the expansion of two of Pioneer’s current programs and potential new programs in 2025.

LED Discount
• The LED Discount program will be expanding into Dollar Trees Stores in the next several weeks, which will expand this program into certain Pioneer territories that the program was unable to reach before. • The program currently has 20 stores participating:

Store Name Address City
Ace Hardware 10868 Combie Rd. Auburn
American Cancer Society Discovery Shop 2376 Grass Valley Highway Auburn Colfax Thrift 130 N Main St. Colfax
Garden Valley Feed & Hardware 4702 Marshall Rd. Garden Valley Goodwill 1145 Sutton Way Grass Valley
Goodwill 2460 Grass Valley Highway Auburn
Goodwill 3836 Forni Rd. Placerville
Habitat For Humanity 6168 Pleasant Valley Rd. El Dorado Habitat For Humanity Restore 12359 Loma Rica Dr. Grass Valley Hills Flat Lumber Co. 1000 South Canyon Way Colfax
Hospice Gift & Thrift of Grass Valley 840 E Main St. Grass Valley Mt. Aukum Store 8080 Mt Aukum Rd. Mt Aukum
Mt. St. Mary's Thrift Store 410 S Church St. Grass Valley Snowline Hospice Thrift Store 3300 Coach Ln. Cameron Park Snowline Hospice Thrift Store 3961 El Dorado Rd. Placerville Swasey's Hardware & Hobbies 140 E McKnight Way Grass Valley Sweet Life Thrift 144 Hughes Rd. Ste. E Grass Valley
True Value 4571 Missouri Flat Rd. Placerville
True Value 441 Main St. Placerville
True Value 6416 Pony Express Trail Pollock Pines
HVAC Tune-up
• The pilot season for the HVAC tune-up program closed on October 1st. The 2025 season of the program will reopen April 1, 2025.
• Pioneer received 931 applications for the tune-up program, just shy of of goal of 1,000 applications. 862 applications were approved, 29 applications were not eligible for various reasons, and 40 were incomplete.
• Over $62,000 was paid out in tune-up rebates.
• 138 contractors participated in the program.

GridGen (Solar+Storage)
• All Pioneer territories have launched into the GridGen Program.

Plf)NEER

COMMUNITY ENERGY
Attachment 4 genda Item: x Agenda Date: 5/25/2023

Page 2 of 2 ends

• 133 customers have started the process with Telsa; 87 of those customers have moved forward with the design phase; 9 have signed contracts to have the Telsa system installed; and 3 have permits and are moving towards system installation.
• Pioneer staff are working with Participate.Energy and Tesla to discuss expanding the program in 2025 to support retrofits and commercial and industrial customers. • Organic social posts, local paid digital ads, radio, and email campaigns are being utilized to promote the program.

PowerShift Rewards (Incentives for conservation)
• The PowerShift Rewards pilot season began on August 20, 2024. While the 2024 event season ended on October 31, Pioneer is still allowing customers to register for the program and receive the “Refer A Friend” incentive as a way of maintaining program awareness during the off-season. There are currently 423 customers enrolled in the program.
o All enrolled customers receive a $25 incentive for enrolling in the program. o Pioneer is also offering a $10 incentive for referrals. o Pioneer will pay $2/kWh for energy saved, based on historical usage. • Pioneer called 3 events during the pilot season, all of which occurred when temperatures passed 100 degrees. We are in the process of evaluate the overall load shed and energy savings based on information from the California Independent System Operator. • Program enrollment will remain open throughout the year, but the program season and alerts will not begin again until May 2025.
•
Online Marketplace
• Sixteen (16) leads have been generated through the Electrum Marketplace; ten (10) leads were for solar inquiries, three (5) leads were for a battery, and one (1) was for a heat pump water heater. • Pioneer is working with Electrum to address improving local contractor participation in the program to increase customer satisfaction and utilization of the marketplace. 2025 Program Planning
Pioneer staff are planning the 2025 program cycle, which will include the re-launch and possible expansion of existing programs like GridGen and PowerShift Rewards and the return of the HVAC Tune-Up Rebate program. Additionally, staff anticipates the introduction of new programs that advance Pioneer’s strategic objectives and support our mission. Specific details of new 2025 programs are in the development phase.

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Pioneer Community Energy
Glossary of Terms
CAISO - California Independent System Operator - a non-profit independent system operator that oversees the operation of the California bulk electric power system, transmission lines and electricity market generated and transmitted by its members (~80% of California's electric flow). Its stated mission is to "operate the grid reliably and efficiently, provide fair and open transmission access, promote environmental stewardship and facilitate
effective markets and promote infrastructure development. CAISO is regulated by FERC and governed by a five-member governing board appointed by the governor.

CALCCA - California Community Choice Association -Association made up of Community Choice Aggregation {CCA) groups which represents the interests of California's community choice electricity providers.

CARB - California Air Resources Board - The CARB is charged with protecting the public from the harmful effects of air pollution and developing programs and actions to fight climate change in California.

CEC- California Energy Commission
CPUC - California Public Utility Commission
C&I - Commercial and Industrial - Business customers
CP - Compliance Period -Time period to become RPS compliant, set by the CPUC {California Public Utilities Commission)
DA- Direct Access - An option that allows eligible customers to purchase their electricity directly from third party providers known as Electric Service Providers (ESP).

DA Cap- the maximum amount of electric usage that may be allocated to Direct Access customers in California, or more specifically, within an Investor-Owned Utility service territory.

DA Lottery - a random drawing by which DA waitlist customers become eligible to enroll in DA service under the currently-applicable Direct Access Cap.

DA Waitlist - customers that have officially registered their interest in becoming a DA customer but are not yet able to enroll in service because of DA cap limitations.

DAC - Disadvantaged Community
DASR - Direct Access Service Request - Request submitted by C&I to become direct access eligible.

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Demand - The rate at which electric energy is delivered to or by a system or part of a system, generally expressed in kilowatts {kW), megawatts {MW), or gigawatts {GW), at a given instant or averaged over any designated interval of time. Demand should not be confused with Load or Energy.

DER - Distributed Energy Resource -A small-scale physical or virtual asset {e.g., EV charger, smart thermostat, behind-the-meter solar/storage, energy efficiency) that operates locally and is connected to a larger power grid at the distribution level.

Distribution - The delivery of electricity to the retail customer's home or business through low voltage distribution lines.

DLAP- Default Load Aggregation Point- In the CAISO's electricity optimization model, DLAP is the node at which all bids for demand should be submitted and settled. Pioneer settles its CAISO load at the PG&E DLAP as Pioneer is in the PG&E transmission access charge area.

DR - Demand Response - An opportunity for consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage during peak periods in response to time-based rates or other forms of financial incentives.

DWR - Department of Water Resources - DWR manages California's water resources, systems, and infrastructure in a responsible, sustainable way.

ELCC- Effective Load Carrying Capacity -The additional load met by an incremental generator while maintaining the same level of system reliability. For solar and wind resources the ELCC is the amount of capacity which can be counted for Resource Adequacy purposes.

EPIC - Electric Program Investment Charge -The EPIC program was created by the CPUC to support investments in clean energy technologies that provide benefits to the electricity ratepayers of PG&E, San Diego Gas & Electric Company {SDG&E), and Southern California Edison Company {SCE) ERRA - Energy Resource Recovery Account - ERRA proceedings are used to determine fuel and purchased power costs which can be recovered in rates. The utilities do not earn a rate of return on these costs, and only recover actual costs. The costs are forecast for the year ahead. If the actual costs are lower than forecast, then the utility gives money back, and vice versa.

ESP- Energy Service Provider - An energy entity that provides service to a retail or end-use customer.

EV - Electric Vehicle
GHG - Greenhouse gas - water vapor, carbon dioxide, tropospheric ozone, nitrous oxide, methane, and chlorofluorocarbons (CFCs). A gas that causes the atmosphere to trap heat radiating from the earth. The most common GHG is Carbon Dioxide, though Methane and others have this effect as well.

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GRC- General Rate Case - Proceedings used to address the costs of operating and maintaining the utility system and the allocation of those costs among customer classes. For California's three large IOUs, the GRCs are parsed into two phases. Phase I of a GRC determines the total amount the utility is authorized to collect, while Phase II determines the share of the cost each customer class is responsible and the rate schedules for each class. Each large electric utility files a GRC application every three years for review by the Public Advocates Office and interested parties and approval by the CPUC.

GWh - Gigawatt-hour - The unit of energy equal to that expended in one hour at a rate of one billion watts. One GWh equals 1,000 megawatt-hours.

IEP - Independent Energy Producers - California's oldest and leading nonprofit trade association, representing the interest of developers and operators of independent energy facilities and independent power marketers.

IOU - Investor Owned Utility- A private electricity and natural gas provider.

IRP- Integrated Resource Plan -A plan which outlines an electric utility's resource needs in order to meet expected electricity demand long-term.
kW - Kilowatt - Measure of power where power (watts)= voltage (volts) x amperage (amps) and 1 kW= 1000 watts
kWh - Kilowatt-hour - This is a measure of consumption. It is the amount of electricity that is used over some period of time, typically a one-month period for billing purposes. Customers are charged a rate per kWh of electricity used.

LCFS- Low Carbon Fuel Standard -A CARB program designed to encourage the use of cleaner low-carbon fuels in California, encourage the production of those fuels, and therefore, reduce greenhouse gas emissions.

LCR - Local (RA) Capacity Requirements -The amount of Resource Adequacy capacity required to be demonstrated in a specific location or zone.

LMP - Locational Marginal Price - Each generator unit and load pocket is assigned a node in the CAISO optimization model. The model will assign a LMP to the node in both the day- ahead and real time market as it balances the system using the least cost. The LMP is comprised of three components: the marginal cost of energy, congestion, and losses. The LMP is used to financially settle transactions in the CAISO.

Load - An end use device or customer that receives power from an energy delivery system. Load should not be confused with Demand, which is the measure of power that a load receives or requires.

See Demand.

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SE - Load-serving Entity- Entities that have been granted authority by state, local law, or regulation to serve their own load directly through wholesale energy purchases and have chosen to exercise that authority.

NEM - Net Energy Metering -A program in which solar customers receive credit for excess electricity generated by solar panels.

NRDC- Natural Resources Defense Council
OIR - Order Instituting Rulemaking - A procedural document that is issued by the CPUC to start a formal proceeding. A draft OIR is issued for comment by interested parties and made final by vote of the five Commissioners of the CPUC.

MW - Megawatt - measure of power. A megawatt equals 1,000 kilowatts or 1 million watts.

MWH - Megawatt-hour- measure of energy
NP-15 - North Path 15 - NP-15 is a CAISO pricing zone usually used to approximate wholesale electricity prices in northern California in PG&E's service territory.

PCCl - RPS Portfolio Content Category 1- Bundled renewables where the energy and REC are dynamically scheduled into a California Balancing Authority (CBA) such as the CAISO. Also known as "in-state" renewables.

PCC2 - RPS Portfolio Content Category 2 - Bundled renewables where the energy and REC are from out-of-state and not dynamically scheduled to a CBA.

PCC3 - RPS Portfolio Content Category 3 - Unbundled REC PCIA or "exit fee" - Power Charge Indifference Adjustment (PCIA) is an "exit fee" based on stranded costs of utility generation set by the California Public Utilities Commission. It is calculated annually and assessed to customers of CCAs and paid to the IOU that lost those customers as a result of the formation of a CCA.

PCL - Power Content Label - A user-friendly way of displaying information to California consumers about the energy resources used to generate the electricity they sell, as required by AB 162 (Statue of 2009) and Senate Bill 1305 (Statutes of 1997).

PD- Proposed Decision -A procedural document in a CPUC Rulemaking process that is formally commented on by Parties to the proceeding. A PD is a precursor to a final Decision voted on by the five Commissioners of the CPUC.

Pnode - Pricing Node - In the CAISO optimization model, it is a point where a physical injection or withdrawal of energy is modeled and for which a LMP is calculated.

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PPA- Power Purchase Agreement -A contract used to purchase the energy, capacity, and attributes from a renewable resource project.

RA - Resource Adequacy - Under its Resource Adequacy (RA) program, the California Public Utilities Commission (CPUC) requires load-serving entities-both independently owned utilities and electric service providers-to demonstrate in both monthly and annual filings that they have purchased capacity commitments of no less than 115% of their peak loads.

RE - Renewable Energy - Energy from a source that is not depleted when used, such as wind or solar power.

REC - Renewable Energy Certificate - A REC is the property right to the environmental benefits associated with generating renewable electricity. For instance, homeowners who generate solar electricity are credited with 1 solar REC for every MWh of electricity they produce. Utilities obligated to fulfill an RPS requirement can purchase these RECs on the open market.

RPS - Renewable Portfolio Standard - Law that requires CA utilities and other load serving entities (including CCAs) to provide an escalating percentage of CA qualified renewable power (culminating at 33% by 2020) in their annual energy portfolio.

SCE - Southern California Edison
SDG&E - San Diego Gas & Electric
SGIP - Self-Generation Incentive Program - A program which provides incentives to support existing, new, and emerging distributed energy resources (storage, wind turbines, waste heat to power technologies, etc.)
TCR EPS Protocol - The Climate Registry Electric Power Sector Protocol - Online tools and resources provided by The Climate Registry to assist organizations to measure, report, and reduce carbon emissions.

Time-of-Use (TOU) Rates - The pricing of delivered electricity based on the estimated cost of electricity during a particular time-block. Time-of-use rates are usually divided into three or four time-blocks per 24-hour period (on-peak, mid-peak, off-peak and sometimes super off peak) and by seasons of the year (summer and winter). Real time pricing differs from TOU rates in that it is based on actual (as opposed to forecasted) prices that may fluctuate many times a day and are weather sensitive, rather than varying with a fixed schedule.

TURN - The Utility Reform Network - A ratepayer advocacy group charged with ensuring that California IOUs implement just and reasonable rates.

Unbundled RECs - Renewable energy certificates that verify a purchase of a MWH unit of renewable power where the actual power and the certificate are "unbundled" and sold to different buyers.

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VPP - Virtual Power Plant - A cloud-based network that leverages an aggregation of distributed energy resources (DERs) to shift energy demand or provide services to the grid. For example, thousands of EV chargers could charge at a slower speed and hundreds of home batteries could discharge to the grid during a demand peak to significantly reduce the procurement of traditional supply resources.

Pioneer Community Energy Board of DirectorsNovember 21, 2024

Pioneer Community Energy Board of Directors
November 21, 2024