Pioneer Community Energy Board of Directors
January 15, 2026

Board of Directors
Chair: Alice Dowdin Calvillo
Vice Chair: Greg Janda
City of Auburn
Alice Dowdin Calvillo
Sandra Amara, Alternate
City of Colfax
Sean Lomen
Kim Douglass, Alternate
County of El Dorado
Lori Parlin
Brian Veerkamp, Alternate
City of Grass Valley
Tom Ivy
Jan Arbuckle, Alternate
City of Lincoln
Richard Pearl
John Reedy, Alternate
Town of Loomis
David Ring
Danny Cartwright, Alternate
Nevada City
Gary Petersen
Lou Ceci, Alternate
County of Placer
Anthony DeMattei
Suzanne Jones
Bonnie Gore, Alternate
City of Placerville
Ryan Carter
David Yarbrough, Alternate
City of Rocklin
Greg Janda
David Bass, Alternate

Pioneer Community Energy
Board of Directors
January 15, 2026

REGULAR MEETING
3:00 PM
Pioneer Community Energy Board Room
2510 Warren Drive, Suite B, Rocklin, CA 95677
This special 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.

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

1. Roll Call
B. 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 the agenda and within the jurisdiction of the Board.

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, so the Board is prohibited from discussing issues not on the agenda brought to them at this time.

C. ANNUAL SELECTION OF OFFICERS

1. Elect a Chair and Vice Chair of the Pioneer Governing Board i. Selection of Chair of the Pioneer Governing Board for 2026 ii. Selection of Vice Chair of the Pioneer Governing Board for 2026 D. AGENDA REVIEW
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 December 18, 2025, Special and Regular Meeting (ECKERT) b) FINANCE & ADMINISTRATION
Receive Fiscal Year 2025-26 Draft Monthly Financial Reports through November 2025 (KOEHN) c) FINANCE & ADMINISTRATION
Amendment No. 6 to the Employment Agreement for Chief Executive Officer, Donald Eckert (ECKERT/COUNSEL)
d) POWER SUPPLY
Establish Ad Hoc Energy Procurement Review Committee (ECKERT) 2) REGULAR AGENDA
2) FINANCE & ADMINISTRATION
Receive Financial Audit Report from Sorren CPAs P.C. (Action – KOEHN) Recommendation: Receive the Year-End Financial Statements and the Independent Auditor’s Report for the Fiscal Year 2024-25.
3) PUBLIC HEARING
Public Hearing and Consideration of Adopting a Resolution Authorizing an Adjustment to Pioneer Community Energy’s Customer Generation Rates Effective March 1, 2026 (Action –

ECKERT)
Recommendation: 1) Conduct the public hearing; and, 2) Adopt Resolution authorizing an adjustment to Pioneer Community Energy’s (“Pioneer”) customer generation rates effective March 1, 2026.
4) FINANCE & ADMINISTRATION
Adopt Resolution Approving the 2026 Governing Board Meeting Schedule (Action – ECKERT) Recommendation: Adopt a Resolution approving the 2026 Governing Board Meeting Schedule through January 2027.

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:

February 19, 2026
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, Denise Silva, Board Secretary, declare under penalty of perjury that the foregoing agenda for the January 15, 2026 regular meeting of the Pioneer Community Energy Governing Board was posted and available for public review on January 12, 2026 at the offices of Pioneer Community Energy, 2510 Warren Drive, Suite B, Rocklin, CA 95677; and was 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].

PIONEER COMMUNITY ENERGY

GOVERNING BOARD

REGULAR MEETING
December 18, 2026

MINUTES
Entry No. 1
Heard General Administrative Functions – Part I (Special Meeting) Call to Order
The Pioneer Community Energy Board of Directors met in open session for a duly noticed Special Meeting on Thursday, December 18, 2025, at 2:34 p.m. 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; and, 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:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.

Roll Call

Present: City of Auburn (Dowdin Calvillo), County of El Dorado (Parlin), City of Grass Valley (Ivy), Nevada City (Petersen), County of Placer (Jones), City of Placerville (Carter).

Absent: City of Colfax (Lomen), City of Lincoln (Pearl), Town of Loomis (Ring), County of Placer (DeMattei), City of Rocklin (Janda).

Chair Dowdin Calvillo presided over the meeting. A quorum was present.

No public comment was offered on items not on the agenda.

Entry No. 2
Adjournment to Closed Session / Public Report of Closed Session The Board adjourned to closed session for: (1) Conference with Legal Counsel – Existing Litigation (Government Code §54956.9(d)(1)), Kolpitcke v. Pioneer Community Energy (Case No. S-CV-0054062); (2) Public Employee Performance Evaluation (Government Code §54957), Title: Chief Executive Officer; and (3) Conference with Labor Negotiators (Government Code §54957.6), Agency Negotiator: Board Chair; Unrepresented Employee: Chief Executive Officer.

The Board reconvened in open session.

No reportable action was taken.

Entry No. 3
Heard General Administrative Functions – Part II (Regular Meeting) Call to Order
The Regular Meeting of the Pioneer Community Energy Board of Directors was called to order at 3:16 p.m. on December 18, 2025.

Roll Call
DRAFT - ITEM 1a
DRAFT – January 15, 2026 – page 2

Present: City of Auburn (Dowdin Calvillo), City of Colfax (Lomen), County of El Dorado (Parlin), City of Grass Valley (Ivy), City of Lincoln (Pearl), Town of Loomis (Ring), Nevada City (Petersen), County of Placer (Jones), City of Placerville (Carter).

Absent: County of Placer (DeMattei), City of Rocklin (Janda).

Chair Dowdin Calvillo presided over the meeting. A quorum was confirmed.

Agenda Review
The Board reviewed and approved the agenda without revision.

Entry No. 4
Acted on the Consent Agenda as follows:

Approved the minutes of the November 20, 2025 regular meeting.

Receipt of Fiscal Year 2025–26 draft monthly financial reports through October 2025.

Adoption of a Resolution approving five Information Technology (IT) policies and procedures.

MOTION: Jones/Pearl. Vote: 9:0:2
ROLL CALL: Carter, Dowdin Calvillo, Ivy, Jones, Lomen, Parlin, Pearl, Petersen, Ring.

No/Abstain: None.

Absent: DeMattei, Janda.

Entry No. 5
Adopt Resolution Authorizing the Chief Executive Officer to Execute an Amendment to the Agreement with Energy Mission Control DBA Fuse Carbon Technologies (FuSE) to Include Solar Renewable Energy Credit (REC) Program Services and to Expand Eligibility of FuSE Programs to Special District Customers
Adopted Resolution authorizing the Chief Executive Officer to execute an amendment to the agreement with Energy Mission Control dba FuSE Carbon Technologies (“FuSE”) to include Solar Renewable Energy Credit (REC) program services and to expand eligibility of FuSE programs to Pioneer special district customers.

Chief Executive Officer Don Eckert introduced the item and provided background on the proposed Solar REC Program as an expansion of Pioneer’s existing Clean Fleet Revenue Program. Director of Community Relations Gina Stassi-Vanacore presented the staff report and program overview. Evan Rosenberg, Director of Voluntary Markets, FuSE Carbon Technologies, provided a detailed presentation on REC market fundamentals, program administration, anticipated revenue opportunities for member agencies, and implementation requirements.

Directors asked clarifying questions regarding program eligibility, applicability to special districts, and potential future expansion to additional public agencies. Directors expressed support for the program and its alignment with Pioneer’s strategic goals as a community partner.

Director of Community Relations Stassi-Vanacore presented a Resolution authorizing the Chief Executive Officer to execute an amendment to the agreement with FuSE to include Solar Renewable Energy Credit (REC) program services and to expand eligibility to special district customers.

MOTION: Peteron/Ring. Vote: 9:0:2
ROLL CALL: Carter, Dowdin Calvillo, Ivy, Jones, Lomen, Parlin, Pearl, Petersen, Ring.

No/Abstain: None.

DRAFT – January 15, 2026 – page 3

Absent: DeMattei, Janda.

Entry No. 6
Adopt Resolution Approving Amendment No. 8 to the Amended and Restated Joint Exercise of Powers Agreement Expanding Pioneer Community Energy Membership to Include the Cities of Colusa and Williams and the County of Colusa
Adopted Resolution approving Amendment No. 8 to the Amended and Restated Joint Exercise of Powers Agreement for Pioneer Community Energy, expanding Pioneer’s Joint Powers Authority membership to include the Cities of Colusa and Williams and the County of Colusa.

Chief Executive Officer Don Eckert introduced the item and provided background on the proposed expansion and associated impact assessment process. Director of Community Relations Gina Stassi-Vanacore presented the staff report summarizing the impact assessment findings, fiscal impacts, and proposed October 2027 service launch timeline. Alden of Pacific Energy Advisors provided technical support and was available to respond to questions regarding the impact assessment methodology and assumptions.

Directors discussed governance considerations associated with future Board expansion, onboarding and training of new directors, and committee composition. Directors expressed support for the proposed expansion and the importance of advance planning to ensure effective governance.

Director of Community Relations Stassi-Vanacore presented a Resolution approving Amendment No. 8 to the Amended and Restated Joint Exercise of Powers Agreement expanding Pioneer Community Energy’s membership.

MOTION: Parlin/Jones. Vote: 9:0:2
ROLL CALL: Carter, Dowdin Calvillo, Ivy, Jones, Lomen, Parlin, Pearl, Petersen, Ring.

No/Abstain: None.

Absent: DeMattei, Janda.

Entry No. 7
Adopt Resolution Approving Addendum No. 4 to the Community Choice Aggregation Implementation Plan and Statement of Intent
Adopted Resolution approving Addendum No. 4 to Pioneer Community Energy’s Community Choice Aggregation Implementation Plan and Statement of Intent to address Pioneer’s proposed expansion into the Cities of Colusa and Williams and the County of Colusa, and authorizing submittal to the California Public Utilities Commission.

Chief Executive Officer Don Eckert introduced the item and explained the purpose of Addendum No. 4, including required CPUC filings, load projections, and confirmation of Pioneer’s operational readiness to serve the proposed new member agencies. Alden of Pacific Energy Advisors was available to respond to technical questions regarding the addendum and supporting analysis.

Directors expressed support for the filing and acknowledged the importance of timely CPUC submission to maintain the proposed expansion schedule.

Chief Executive Officer Eckert presented a Resolution approving Addendum No. 4 to the Implementation Plan and Statement of Intent and authorizing submittal to the California Public Utilities Commission.

MOTION: Pearl/Jones. Vote: 9:0:2
ROLL CALL: Carter, Dowdin Calvillo, Ivy, Jones, Lomen, Parlin, Pearl, Petersen, Ring.

No/Abstain: None.

DRAFT – January 15, 2026 – page 4

Absent: DeMattei, Janda.

Entry No. 8
2025 Energy Procurement Year-in-Review
Received an update on Pioneer Community Energy’s 2025 energy procurement activities, including market conditions, long-term power purchase agreements, portfolio optimization efforts, regulatory compliance, and biomass and microgrid initiatives.

Chief Executive Officer Don Eckert introduced the item. Devin Reeves, Power Resources Manager, presented the year-in-review update on behalf of Sam Kang, Chief Operating Officer. The presentation included discussion of market trends, procurement strategy, portfolio risk management, and progress on long-term resource planning.

Directors asked questions and discussed procurement strategy, cost containment, and reliability considerations. Directors expressed appreciation for staff’s work and the progress made during the year.

No formal action was taken.

Entry No. 9
Programs: 2025 Year-in-Review
Received a presentation summarizing Pioneer Community Energy’s customer programs and community initiatives for 2025.

Director of Community Relations Gina Stassi-Vanacore presented an overview of program performance, participation levels, and community impact achieved during the year. The presentation highlighted key accomplishments and ongoing efforts to support Pioneer’s member agencies and customers.

Directors expressed support for the programs and appreciation for staff’s work.

No formal action was taken.

Board Member Communications
None.

Chief Executive Officer Communications
Chief Executive Officer Don Eckert provided brief closing remarks and updates.

Items for Information
Received the Glossary of Terms.

Adjournment
The meeting adjourned at 4:19 PM.

Staff Report – Item 1b
To: The Governing Board
From: Linda Praseudsuk, Sr. Financial Analyst
Item 1b: Receive Fiscal Year 2025-26 Draft Monthly Financial Reports Through November 2025
Date: 1/15/2026

RECOMMENDATION
Receive Fiscal Year 2025-26 Draft Monthly Financial Reports through November 2025.

BACKGROUND
The Year-To-Date (YTD) financial reports are produced by Maher Accountancy for Board members and management review. Although these reports are unaudited, they provide the most up-to-date financial data for Pioneer Community Energy. The mPOWER program accepted its last application in August 2021, and mPOWER activity is now limited to administering the outstanding mPOWER Bonds. Financials for the mPOWER program will be included in the audited year-end reports. For November 2025, 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.

STRATEGIC PLAN
Strategic Priority: Be Fiscally Strong and Resilient

FISCAL IMPACT
The YTD change in net position through five months of the fiscal year is $8.3 million.

ATTACHMENTS

1. Financial Reports through November 30, 2025
1 ACCOUNTANTS’ COMPILATION REPORT
Management
Pioneer Community Energy
Management is responsible for the accompanying financial statements of the CCA Program of Pioneer Community Energy (a California Joint Powers Authority) which comprise the statement of net position as of November 30, 2025, and the related statement of revenues, expenses, and changes in net position for the five months 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
January 6, 2026
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa.com CCA Program
ASSETS
Current assets
Cash and cash equivalents 45,511,411$
Investments 133,196,513
Accounts receivable, net of allowance 19,422,601
Accrued revenue 9,988,891
Other receivables 167,459
Interest receivable 540,000
Prepaid expenses 1,767,626
Deposits 4,367,049
Total current assets 214,961,550
Noncurrent assets
Capital assets, net of depreciation and amortization 1,020,508 Deposits 795,163
Total noncurrent assets 1,815,671
Total assets 216,777,221

LIABILITIES
Current liabilities
Accrued cost of electricity 21,154,400
Accounts payable 503,776
Other accrued liabilities 1,357,880
Lease liability 129,276
Note payable 891,160
Interest payable 3,934
Supplier security deposits 282,000
Total current liabilities 24,322,426
Noncurrent liabilities
Lease liability 713,046
Note payable 330,139
Supplier security deposits 30,000
Total noncurrent liabilities 1,073,185
Total liabilities 25,395,611

NET POSITION
Net investment in capital assets 178,186
Unrestricted net position 191,203,424
Total net position 191,381,610$

PIONEER COMMUNITY ENERGY

STATEMENT OF NET POSITION
As of November 30, 2025

CCA PROGRAM
See accountants' compilation report. 2
CCA Program

OPERATING REVENUES
Electricity sales, net 103,346,875$
Other income 17,999
Total operating revenues 103,364,874

OPERATING EXPENSES
Cost of electricity 92,209,088
Contract services 2,536,386
Staff compensation 2,102,522
Other operating expenses 990,789
Depreciation and amortization 78,623
Total operating expenses 97,917,408
Operating income (loss) 5,447,466

NONOPERATING REVENUES (EXPENSES)
Investment income 2,871,157
Interest expense (36,401)
Nonoperating revenues (expenses), net 2,834,756
CHANGE IN NET POSITION 8,282,222
Net position at beginning of period 183,099,388
Net position at end of period 191,381,610$
Five Months Ended November 30, 2025

AND CHANGES IN NET POSITION

STATEMENT OF REVENUES, EXPENSES

CCA PROGRAM

PIONEER COMMUNITY ENERGY
See accountants' compilation report. 3
Participation Rates – November 2025
Participation Rate November
2025
November
2024
AUBURN INC 85.70% 85.51%
COLFAX INC 87.67% 87.46%
GRASS VALLEY INC 96.40% 96.45%
LINCOLN INC 82.92% 82.56%
LOOMIS INC 87.22% 86.98%
NEVADA CITY INC 98.00% 96.47%
PLACERVILLE INC 85.64% 85.37%
ROCKLIN INC 90.40% 90.18%
UNINC EL DORADO CO 79.82% 79.72%
UNINC PLACER CO 84.82% 84.65%
Grand Total 84.40% 84.22%
1 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 five months ended November 30, 2025, 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
January 6, 2026
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa.com 2025/26 YTD
Amended
Budget
2025/26 YTD
Actual
2025/26 YTD
Variance
(Under) Over
2025/26
YTD
Actual/
Amended
Budget %
2025/26
Amended Budget
2025/26
Amended
Budget
Remaining

ENERGY REVENUES
Energy Sales $ 113,343,441 $ 104,729,231 $ (8,614,210) 92% $ 234,389,000 $ 129,659,769 Green100 Sales 90,417 31,919 (58,498) 35% 217,000 185,081 Congestion Revenue Rights and Battery Optimization 6,607,960 6,224,967 (382,993) 94% 10,000,000 3,775,033 Less Uncollectible Accounts (1,531,357) (1,414,276) 117,081 92% (3,167,181) (1,752,905) Total Operating Revenues 118,510,461 109,571,841 (8,938,620) 241,438,819 131,866,978

ENERGY EXPENSES
Power Supply 112,784,911 98,434,055 (14,350,856) 87% 221,145,000 122,710,945 GROSS MARGIN 5,725,550 11,137,786 5,412,236 20,293,819 9,156,033

OPERATING EXPENSES
Administration
Compensation 417,583 301,915 (115,668) 72% 1,002,200 700,285 Contract services 131,033 63,637 (67,396) 49% 730,830 667,193 Operating expenses 424,123 341,074 (83,049) 80% 891,770 550,696 Total Administration expenses 972,740 706,626 (266,114) 73% 2,624,800 1,918,174 Finance
Compensation 496,144 434,829 (61,315) 88% 1,190,745 755,916 Contract services 256,389 143,606 (112,783) 56% 641,550 497,944 Operating expenses 108,892 34,382 (74,510) 32% 349,625 315,243 Total Finance expenses 861,425 612,817 (248,608) 71% 2,181,920 1,569,103 Power Procurement
Compensation 520,664 402,867 (117,797) 77% 1,249,593 846,726 Contract services 1,751,540 580,123 (1,171,417) 33% 3,349,187 2,769,064 Operating expenses 379,792 98,188 (281,604) 26% 447,500 349,312 Total Power Procurement expenses 2,651,996 1,081,178 (1,570,818) 41% 5,046,280 3,965,102 Customer Care
Compensation 336,113 267,743 (68,370) 80% 806,672 538,929 Contract services 1,195,833 1,232,835 37,002 103% 2,870,000 1,637,165 Operating expenses 91,896 94,287 2,391 103% 129,050 34,763 Total Customer Care expenses 1,623,843 1,594,865 (28,978) 98% 3,805,722 2,210,857 Marketing & Communications
Compensation 396,916 274,869 (122,047) 69% 952,599 677,730 Contract services 208,333 53,474 (154,859) 26% 500,000 446,526 Operating expenses 376,000 135,581 (240,419) 36% 852,400 716,819 Total Marketing & Communications expenses 981,250 463,924 (517,326) 47% 2,304,999 1,841,075 Legislative & Regulatory
Compensation 392,542 326,597 (65,945) 83% 942,100 615,503 Contract services 143,570 117,190 (26,380) 82% 337,807 220,617 Operating expenses 11,083 6,876 (4,207) 62% 30,600 23,724 Total Legislative and Regulatory expenses 547,195 450,663 (96,532) 82% 1,310,507 859,844 Programs
Compensation 192,320 93,702 (98,618) 49% 461,568 367,866 Contract services 586,111 - (586,111) 0% 1,460,000 1,460,000 Operating expenses 834,926 489,568 (345,358) 59% 2,707,208 2,217,640 Total Programs expenses 1,613,357 583,270 (1,030,087) 36% 4,628,776 4,045,506 Total Operating Expenses 9,251,804 5,493,343 (3,758,461) 59% 21,903,004 16,409,661 OPERATING INCOME (LOSS) (3,526,255) 5,644,443 9,170,698 (1,609,185) (7,253,628)

NON-OPERATING REVENUES (EXPENDITURES)
Investment gains (losses) 1,371,170 2,871,158 1,499,988 209% 4,150,000 1,278,842 Miscellaneous income - 18,000 18,000 - (18,000)
Term Loan Debt Service (400,000) (493,161) (93,161) 123% (950,000) (456,839) Additional Term Loan Principal - - - 0% (700,000) (700,000) Line/Letter of Credit Fees (750,000) (109,909) 640,091 15% (750,000) (640,091) Nonoperating revenues (expenditures), net 221,170 2,286,088 2,064,918 1,750,000 (536,088) Contribution to/(from) Reserves (3,305,085)$ 7,930,531$ 11,235,616$ 140,815$ (7,789,716)$

BUDGETARY COMPARISON SCHEDULE
Five Months Ended November 30, 2025

PIONEER COMMUNITY ENERGY

CCA PROGRAM

Staff Report – Item 1c
To: The Governing Board
From: David Ruderman, General Counsel
Item 1c: Amendment No. 6 to the Employment Agreement for Chief Executive Officer, Donald Eckert
Date: 1/15/2026

RECOMMENDATION
Adopt Resolution Approving Amendment No. 6 to the Employment Agreement for Chief Executive Officer between Pioneer Community Energy (“Pioneer”) and Mr. Don Eckert.

BACKGROUND
Pioneer executed an Employment Agreement with Mr. Eckert dated May 28, 2020. The Agreement has been amended five times, most recently on January 16, 2025. The Employment Agreement calls for the Board to conduct an annual performance review and compensation review of the CEO.

Based upon Mr. Eckert’s 2025 performance review, Mr. Eckert has made valuable contributions to Pioneer by furthering Pioneer’s mission to provide ratepayer value and become a community partner. As detailed in his self-evaluation, Mr. Eckert has:
• Maintained rate competitiveness, achieving a service territory average of a 10% discount to PG&E’s generation rate resulting in a projected $37 million of ratepayer value for 2025. • Collaborated with the Board to implement Board engagement activities. • Moved forward with expansion to add three additional communities to Pioneer’s service territory, filing Addendum No. 4 to Pioneer’s implementation plan which, if approved, will result in a service territory that includes 26 communities spanning nine counties beginning October 2027. • Ended the year financially stable.
• Procured power and resource adequacy that is economical, diversified the portfolio, and complied with all regulations from the CPUC, the California Energy Commission and the CAISO. • Completed a triennial compensation study that maintains labor competitiveness and ended the year with twenty-four of twenty-six positions resulting in only 8% open positions with minimal turnover.
• Restarted programs from 2024 plus many more programs throughout 2025 resulting in eight total programs for our customers.
• Earned a 4-star rating on Google, the highest rating amongst all CCAs, and achieved 42% less opt-outs compared to 2024.

Along with this performance evaluation, the Board of Directors met with the designated negotiator, Board Chair Dowdin Calvillo, and provided directions on a compensation increase.

ANALYSIS & DISCUSSION
Amendment No. 6 to the Employment Agreement for Chief Executive Officer proposes a change to increase the Chief Executive Officer salary from $355,225 to $384,176 per year, retroactive to January 1, 2026, to reflect a three percent increase as a cost of living adjustment (“COLA”) provided to other Pioneer employees, and a five percent increase as a result of the Chief Executive Officer’s positive 2025 performance evaluation. Amendment No. 6 would also explicitly give the Pioneer Board of Directors discretion to consider the Chief Executive Officer’s Agenda Item: 1c Agenda Date: 1/15/2026

COLAs annually. The new salary amount is approximately 40% of the way through the CEO’s Board-approved salary range of $319,972 to $478,356.
0STRATEGIC PLAN
The recommendation supports the “Be a Great Place to Work” goal.

FISCAL IMPACT
Adequate appropriations exist in the current budget to fund the $28,951 increase in annual salary.

ATTACHMENTS

1. Resolution Approving Amendment No. 6 to the Employment Agreement for Chief Executive Officer, Donald Eckert

2. 2.Chief Executive Officer Performance Evaluation Report December 3, 2025
Re: Chief Executive Officer Report to Accompany Performance Evaluation To the Pioneer Community Energy Governing Board:

Please find this letter as reference providing an overview of noteworthy events in calendar year 2025 and goals for 2026. This past year displayed Pioneer Community Energy’s (“Pioneer”) commitment to the mission of providing reliable energy at competitive rates to Pacific Gas & Electric’s (“PG&E”) generation rate while maintaining stability in those rates.

Pioneer also made significant progress towards the vision of becoming our community’s energy partner.

THE MISSION: RATE COMPETITIVENESS AND STABILTY
Rate competitiveness and stability in rate changes are the primary driver in our mission.

Pioneer opened 2025 with rate setting that included a decrease in our rates while achieving a service territory average of a 10% discount to PG&E’s generation rate resulting in a projected $37 million of ratepayer value for 2025. Depending on what Power Charge Indifference Adjustment (“PCIA”) vintage a customer is on, the discount range was between 4% - 25%.

Pioneer changed its rates only once this year supporting stability. The stability is vital for our customer’s budget planning.

EXPANSION
Staff closed the administrative process with the approval by the California Public Utilities Commission (“CPUC”) of Addendum No. 3 to Pioneer’s Implementation Plan and Statement of Intent. However, other communities expressed interest in joining Pioneer and expect to file Addendum No. 4 by end of this year with the same service date of October 2027. With this expansion, Pioneer will have a service territory that includes 27 communities spanning nine (9) counties and will be geographically the largest Community Choice Aggregator (“CCA”) in the state.

The expansion is not about getting bigger but getting better. The expansion will strengthen Pioneer’s balance sheet, provide access to a greater number of elected officials to push issues important to Pioneer at the legislative level, and increase purchasing leverage in power supply.

BOARD ENGAGEMENT
Having an informed Board that is active in understanding our industry is key to our success. Highlights include:
2  Tour of the California Independent System Operator facility  Tour of the Geysers Geothermal Plants
 Tour of the Sierra Pacific Sawmill featuring biomass generation that included legislators
 Conducted board orientations with new Board Members
 Guess Speakers included:
o CAISO presentation on summer readiness
o CalCCA Trade Organization presentation
o PCIA Primer presentation by NewGen Strategies

FINANCE & ADMINISTRATION
Pioneer ends the year financially stable. Highlights include:
 Maintained A- credit rating from Global S&P. This rating is not only a source of pride but converts to real savings when negotiating power supply contracts, reduced collateral postings, and attracting better power supplier options.  Presented a balanced Fiscal Year 2025-26 budget.
 Received a financial audit report free of significant deficiencies or material weaknesses.
 Received a strong information technology audit based on standards set by the CPUC.
 Updated several information technology policies and procedures that maintains safety of our customer data.
 Negotiated a new lease to accommodate a larger Board and increased staffing with expected move-in date of Spring 2026.
 Presented amendment to the cash reserves policy to increase the ceiling to 270 expense coverage days. This supports financial stability for Pioneer while mitigating future rate changes.
 Negotiated with the bank an increased line of credit from $30 million to $50 million and expanded scope to include using the line for working capital. This is another mechanism to preserve our reserves.
 Achieved the highest ranking from the CPUC for our efforts in supplier diversity.  Amended the Net Energy Metering (“NEM”) Policy to reduce costs by improving the process and increased benefit to customers with procedural changes.

POWER SUPPLY
Power supply represents 90% of Pioneer’s operating budget. During the course of the year, Pioneer procured power and resource adequacy that is economical, diversified the portfolio and complied with all regulations from the CPUC, the California Energy Commission and the CAISO. Power procurement is the key to maintaining competitive rates. Highlights include:
 In response to expansion, Pioneer procured renewable energy and resource adequacy with battery storage for grid reliability in excess of $2.0 billion in long-term Power Purchase Agreements (“PPAs’). This not only fills open positions but locks in power supply prices for much of our portfolio. 3  Amended the Feed-In Tariff to increase the scope of qualified technologies to further prompt interest in local energy projects.
 Concluded the first-year of revenue sharing with project developer on battery storage optimization resulting in $2.7 million of revenues.  Will end the year with approximately $8.1 million of revenues from congestion revenue rights.
 Invested in software such as Amperon and cQuant to improve load forecasting and value responses to power Request for Proposals that will improve power supply costs.

HUMAN RESOURCES
Employees are Pioneer’s most important asset. Attract and retain our talent are the goals.

Support of those goals include:
 Completed triennial compensation study that maintains labor competitiveness.  Ended the year with twenty-four of twenty-six positions filled resulting in only 8% in open positions and experienced minimal turnover.
 We celebrate our staff with events throughout the year.  Achieved over one-hundred (100) volunteer hours including quarterly events to help at the Feeding the Foothills facility that distributes food to Placer, El Dorado, and Nevada Counties.

PROGRAMS
2025 was a banner year for Programs. Highlights include:
 Pioneer restarted programs from 2024 plus added many more programs throughout this year resulting in eight (8) total programs for our customers. New program include:
o CleanFleet Revenue Program that allows our members to monetize low carbon fuel standards credits earned though electric vehicle infrastructure that at no cost to Pioneer.
o Expansion of the GridGen Program to include Commercial and CARE/FERA customers.
o Incentivizer Program that will be a guide for customers to find rebates and other funding suited to their needs.
o ICE Storage Program that utilizes proven technology to lower demand during the hottest part of the day.
 Other statistics to highlight our success include:
o Approximately 4,400 customers participating in programs  Nearly 2,100 enrolled in the HVAC Rebate Program
 Nearly 2,300 enrolled in the PowerShift Rewards Program  109 customers in the GridGen active pipeline with 47 projects completed
o Greenlight Discount Lighting Program involved 28 local retailers moving over 24,000 pieces of inventory
o 256 local contractors supported the various program offerings by Pioneer 4 LEGISLATIVE & REGULATORY
It was an active year with a focus on biomass support. Highlights include:
 Completed a “Lobby Day” that included our Board Chair to meet with several legislators on issues important to Pioneer with a theme of support for biomass  Collaborated with Sierra Pacific Sawmill in Lincoln to host a tour of the plant with the purpose of education of the importance of biomass. Attendees included Senator Niello.
 Collaborated with Assemblymember Aguiar-Curry on support of Assembly Bill 706 that would utilize funding from the cap-and-trade program to support biomass projects. Ultimately this turned into a two-year bill but we have a path forward in 2026 based on the work done this year.
 Collaborating with PG&E to participate in the Micro-Grid Incentive Program. To-date we have moved forward on applications in four (4) sites that include areas prone to shut-offs such as Georgetown and Foresthill. The awards process concludes early next year.

COMMUNICATIONS
Communications have had a strong year. Accomplishments include:
 The emphasis on customer service has paid off as Pioneer ends the year with a 4- star rating on Google and the highest rating amongst all CCAs.  Other important statistics include:
o End the year with 42% less opt-outs compared to last year and with over 170,000 meters, it is the highest meter count Pioneer has ever had o Nearly $1 million in compensation to NEM customers
o 4,200 Chatbot conversations
o An average customer rating of 4.6/5
o 62 community events attended with 52 Pioneer sponsored events o 93,000 visits to the Pioneer website
 Our partnership with Calpine includes a grant award to qualified 501c3 entities.

Pioneer worked with the community to be aware of the award and it resulted in $60,000 in awards including $25,000 to Feeding the Foothills which makes a tremendous impact on the community.
 Consolidated mailing and printing services by awarding a $500,000 contract to a vendor located in our service territory.

GOALS
Progress on 2025 Goals:

1. Rate Stability and Competitiveness – Continue to deliver ratepayer value that supports our mission. Achieved.

2. Programs – Continue the tremendous momentum achieved in 2024 by restarting programs that seasonally sunset this year for next summer and introduce new and innovative programs solutions that do not impact our rate competitiveness and 5 improves our customers lives. Achieved.

3. Expansion – We end the year with potentially thirteen New Member Agencies joining. Much work needs to be done in 2025 to bring those applications to a close by filing an implementation plan with the CPUC, procuring power upon receiving approval from the CPUC, and communications. Achieved.

4. Biomass/Local Project Development – We end the year well positioned for a ground breaking of a biomass project in 2025. BioMAT and our Feed-In-Tariff are tools we are applying. We will bring updates to the Feed-In-Tariff in 2025 to include expansion of qualified technologies to support local project development.

Significant Progress. Pioneer expanded the scope of the Feed-In Tariff to attract more developers and Pioneer is on track to close PPAs on four (4) BioMAT contracts by early 2026.

5. Legislative Biomass Initiative – Sponsor a biomass tour to support education of legislators on the importance of biomass and float at least one bill in 2025 that supports our biomass objectives. Achieved.

6. Participation Rate – Continue to work on improving our brand in Unincorporated El Dorado County while maintaining the participation rate with our other Members.

Significant Progress. Opt-outs decreased by 42% compared to a year ago combined with growth in our service territory results in Pioneer ending the year with a historically high customer count.

7. A Rating – Continue to build towards improving our A- to an A credit rating.

Significant Progress. The Board adopting to increase the ceiling on reserves combined with ending the year with significant progress towards the new target of 270 days of cash on hand puts Pioneer is a strong position to maintain its current rating and also move along the path to a rating upgrade.

Goals for 2025:

1. Rate Setting - Navigate the balancing act between ratepayer value and the financial health of Pioneer. 2026 will be a challenging year due to the projected historically high PCIA. The PCIA is a charge our customers pay that is added to Pioneer’s rate. As the rate increases, it erodes Pioneer’s ability to achieve a rate savings compared to PG&E’s generation rate. Setting rates that achieves balance will be critical.

2. Governance – Expansion will result in potentially seventeen (17) new Board Members. There are two issues to resolve in 2026:
a. Administration of Board Meetings: This requires physical space upgrades and 6 accommodations for remote access due to the distance of the expanded service territory. There will also be administrative procedures to address potential duration of meetings due to a large Board.
b. Consideration of changes to Pioneer’s Governance as defined in Pioneer’s Joint Exercise of Powers Agreement.

3. Power Prepay II – When Pioneer completed its first prepay power deal a few years ago, it has resulted in nearly $2.5 million in annual savings in power supply.

With approximately $2.0 billion of new PPAs signed, Pioneer will be active in securing a second prepay transaction.

4. Expansion – With potentially seventeen (17) new communities joining Pioneer, preparation must be planned in 2026 in both power procurement and communications resources. While power procurement has already begun securing power needs, a definition of communication resources and outreach plan before launch will be finalized.

5. PCIA Hedging Strategy – The spike in the PCIA in 2026 is a reminder how volatile rate competitiveness can be. Staff will be developing and propose to the Board a derivative hedge strategy to mitigate future impacts to Pioneer’s competitiveness due to the PCIA.

6. Biomass – Pioneer will end the year near completion of four (4) BioMAT PPAs. Staff look forward to bringing those over the finish line leading to construction of biomass facilities that create jobs and local energy. Staff will also continue pursuit of Greenhouse Gas Emissions funding for biomass.

7. Fiscal/Communications Strategy – If rates competitiveness will be a challenge in 2026, then it will require changes to our communications strategies as well as a tightening of costs.

8. Human Resources – Staff will be pursuing a “Great Place to Work” Certification in 2026 that validates our efforts to attract and retain by a third party.

9. Data Management Contract – Negotiate renewal of contract with Calpine, which provides data management and call center services.

CLOSING
It has been an honor to serve as Pioneer Community Energy’s Chief Executive Officer in 2025. I am proud of what our team has accomplished and the collaboration staff has with the Board that turns ideas into results.

Hurdles were overcome this past year due to having a smart and well-informed Governing Board and an ambitious staff that cares. That same formula will be applied again resulting in a successful 2026.

430406.2
Before the Governing Board of Pioneer
Community Energy
In the matter of:

A RESOLUTION APPROVING AMENDMENT
NO. 6 TO EMPLOYMENT AGREEMENT FOR

CHIEF EXECUTIVE OFFICER DONALD ECKERT
Resolution No.: _______
The following Resolution was duly passed by the Governing Board of Pioneer Community Energy at a regular meeting held January 15, 2026 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, on May 28, 2020, Pioneer Community Energy and Donald Eckert entered into an Employment Agreement for Executive Director; and WHEREAS, the Agreement was amended by Amendment No. 1 on November 18, 2021, Amendment No. 2 on January 19, 2023, Amendment No. 3 on March 21, 2024, Amendment No. 4 on June 20, 2024, and Amendment No. 5 on January 16, 2025; and WHEREAS, Amendment No. 3, among other things, changed the Executive Director’s working title to Chief Executive Officer; and
WHEREAS, the parties desire to amend the Employment Agreement to provide for an increase in the Chief Executive Officer’s salary effective January 1, 2026, Resolution 2026-_____
January 15, 2026
430406.2
and to give the Pioneer Board of Directors explicit discretion to consider the Chief Executive Officer’s cost of living adjustments annually.

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 approves Amendment No. 6 to the Employment Agreement for the Chief Executive Officer, as attached to this Resolution as Exhibit A.

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

Exhibit A: Amendment No. 6 to Employment Agreement for the Chief Executive Officer Pioneer – D. Eckert
Amendment No. 6 to Employment Agreement

AMENDMENT NO. 6 TO EMPLOYMENT AGREEMENT

BETWEEN PIONEER COMMUNITY ENERGY AND

DONALD ECKERT
This Sixth Amendment to Employment Agreement (hereinafter, this “Amendment No. 6”) is entered into and effective January 15, 2026 (the “Effective Date”) by and between Pioneer Community Energy (hereinafter, “Pioneer”), and Donald Eckert (hereinafter, “Employee”) with respect to the following Recitals:

RECITALS
WHEREAS, Pioneer and Employee entered into an Employment Agreement (the “Original Agreement”) for Employee’s service in the position of Pioneer Executive Director / Chief Executive Officer dated May 28, 2020 and amended that Original Agreement by Amendment No. 1 on November 18, 2021, Amendment No. 2 on January 19, 2023, Amendment No. 3 on March 21, 2024, Amendment No. 4 on June 20, 2024, and Amendment No. 5 on January 16, 2025; and
WHEREAS, Employee has received a positive performance evaluation for 2025, achieved or made significant progress on his goals, and has continued to develop Pioneer into an organization that provides savings and excellent service to its customers while strengthening Pioneer’s commitment to the community; and WHEREAS, the parties desire to amend the Agreement with this Amendment No. 6 to provide for a three percent salary increase as a cost of living adjustment (“COLA”) to match the COLA Pioneer provided all other staff and to provide for a five percent salary increase based on merit; and
WHEREAS, the parties desire to amend the Agreement with this Amendment No. 6 to give the Pioneer Board of Directors explicit discretion to consider Employee COLAs annually; and
NOW, THEREFORE, in consideration of the mutual promises, covenants, and conditions set forth herein, Pioneer and Employee hereby agree as follows:

1. The Recitals above are true and correct and fully incorporated herein.

Pioneer – D. Eckert
Amendment No. 6 to Employment Agreement

2. Section 5 (Salary) is hereby repealed in its entirety and replaced to read as follows:

Pioneer agrees to pay Employee a salary of $384,176.00 annually, effective retroactive to January 1, 2026.

Annual salary adjustments will be based on Employee’s
performance evaluations and achievement of goals and objective agreed upon with the Pioneer Board and any cost of living adjustments provided to other Pioneer employees in the Board’s discretion. Salary is payable in accordance with Pioneer’s standard payroll schedule (biweekly).

The applicable law and Pioneer policies, ordinances and resolutions relevant to managers and division directors, will control on all elements of payment and accrual of compensation, and as they may be amended from time to time.

3. Unless expressly amended in this Amendment No. 6, all provisions, conditions, covenants, and terms of the Agreement shall remain in full force and effect. [Signatures appear on the following page]
Pioneer – D. Eckert
Amendment No. 6 to Employment Agreement

IN WITNESS WHEREOF, the parties have executed this Amendment No. 6 to be effective on the Effective Date.

PIONEER COMMUNITY ENERGY EMPLOYEE
By: ______________________________
Chair, Board of Directors
Date: ____________________________
By: _____________________________
Donald Eckert
Date: ____________________________
ATTEST
By: _____________________________
Board Clerk
APPROVED AS TO FORM:

By: ______________________________
David J. Ruderman
General Counsel

Staff Report – Item 1d
To: The Governing Board
From: Donald Eckert Jr., Chief Executive Officer
Item X: Establish Ad Hoc Energy Procurement Review Committee Date: 1/15/2026

RECOMMENDATION
Adopt a Resolution Establishing Ad Hoc Energy Procurement Review Committee

BACKGROUND
Decisions concerning long-term energy contracts require consideration of sensitive market data, including energy prices, that have independent economic value from not being generally known and which would cause economic damage to Pioneer and its customers if it were to become known. As a result, Pioneer takes all reasonable measures to keep such information confidential, including its practice of convening the Energy Procurement Review Committee (“EPRC”) as an ad hoc committee that is not subject to the Brown Act.

Given the sensitive data the EPRC reviews, the EPRC in March 2025 recommended it be established as an ad hoc advisory subcommittee that is not subject to the Brown Act. A temporary advisory committee composed solely of less than a quorum of the legislative body that serves a limited or single purpose, that is not perpetual, and that will be dissolved once its specific task is completed is not subject to the Brown Act, as are groups advisory to a single decision-maker.

Based on the EPRC’s recommendation, on March 20, 2025, the Governing Board established the 2025 EPRC that provided clarity in its role as an ad hoc committee that is not subject to the Brown Act due to the sensitive nature of the data discussed. Pursuant to the terms of that Resolution 2025-11, the Board established an EPRC to provide advice and recommendations to the Chief Executive Officer for Power Procurement Contracts that require Pioneer consideration through January 2026. This Resolution further updated Pioneer’s Energy Risk Management Policy to align with the CEO’s delegated authority over long-term Power Purchase Contracts.

ANALYSIS & DISCUSSION
On January 15, 2026, the EPRC the Governing Board established under Resolution 2025-11 will automatically be disestablished pursuant to the terms of that Resolution. However, the CEO anticipates Pioneer will need to consider additional long-term Power Purchase Contracts in the coming year given the need to prepare for expansion and respond to market concerns. As a result, staff recommend the Board establish a new EPRC under the same terms and conditions the previous ad hoc committee was established and consistent with the CEO’s authority under the Energy Risk Management Policy. Approval of the attached resolution would do so in the following manner:

1. A new EPRC would be established for a limited period. The EPRC would function to review PPAs in calendar year 2026 and would be automatically dissolved by the first meeting of Pioneer’s Governing Board in January 2027. If Pioneer intends to enter into any long-term PPAs in 2027 after the EPRC is dissolved, the Board may create a new EPRC.

2. The 2026 EPRC would act in an advisory capacity to the CEO for all long-term contracts of five-years or more that meet the required notional value under the Energy Risk Management Policy.

Agenda Item: 1d Agenda Date: 1/15/2026

3. The 2026 EPRC would be composed solely of less than a quorum of the Board. The proposed resolution lists five Board members that were previously approved by the Board, but the Board may change these representatives at its discretion.

STRATEGIC PLAN
The report supports the Operational Optimization goal.

FISCAL IMPACT
There is no fiscal impact from the recommendation.

ATTACHMENTS

1. Resolution Establishing Ad Hoc Energy Procurement Review Committee 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 January 15, 2026, 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 Community Energy ("Pioneer") has established a Community Choice Aggregation (CCA) Program to provide economic, environmental and social benefits to the residents, business and communities within its jurisdiction; and WHEREAS, the CCA Program has statutory authority to procure electrical power under Public Utilities Code Sections 331.1 and 366.2; and
WHEREAS, Pioneer procures power products for the purpose of ensuring safe, reliable and affordable electric generation services to its customers; and WHEREAS, to mitigate and manage risks associated with the procurement of power products, the Pioneer Board has adopted an Energy Risk Management Policy, which is subject to annual review and update; and
WHEREAS, the execution of contracts, agreements and confirmations for the procurement of electric power resources require a purchasing decision and execution of related contracts, agreements and confirmations within a limited period of time; and WHEREAS, pursuant to its Energy Risk Management Policy, the Chief Executive Officer (“CEO”) or the CEO’s designee is authorized to execute electric power purchase agreements, contracts, and confirmations, subject to approval of General Counsel, or the approval of outside counsel specializing in power transactions and power contracts, as may be determined appropriate and delegated by General Counsel, for any term, as long as the delivery period concludes five years or less from the date of execution of the contract; and In the matter of: In the matter of: A RESOLUTION

ESTABLISHING AD HOC ENERGY PROCUREMENT

REVIEW COMMITTEE
WHEREAS, pursuant to its Energy Risk Management Policy, the CEO or CEO’s designee is authorized to execute long-term (five years or more, with limited exception for small value contracts as defined in the Energy Risk Management Policy) purchase agreements, contracts, and confirmations after receiving the advice and recommendation from the Energy Procurement Review Committee, and subject to the written approval of: 1) General Counsel, and 2) Pioneer's outside counsel specializing in power transactions and power contract law; and WHEREAS, decisions concerning long-term energy contracts requires consideration of sensitive market data that have independent economic value from not being generally known and which would cause economic damage to Pioneer and its customers if it were to become known; and
WHEREAS, in light of Pioneer’s efforts at expansion and approval, subject to certain conditions, to do so, Pioneer will be exploring additional long-term power procurement contracts in the coming year.

NOW THEREFORE, BE IT RESOLVED, by the Governing Board of Pioneer Community Energy as follows:

1. The above recitals are true and correct.

2. Establishment of Energy Procurement Review Committee. a. The Energy Procurement Review Committee, as previously existing prior to the date of this Resolution, is hereby disestablished. This Resolution does not otherwise amend the authority of the Chief Executive Officer to enter into long-term Power Procurement Contracts as previously delegated by the Pioneer Governing Board.
b. An ad hoc advisory subcommittee is hereby established to be comprised of the following Board members:

Board Member Member Agency
Ryan Carter Placerville
Alice Dowdin Calvillo (Vice-Chair) Auburn
Greg Janda Rocklin
Sean Lomen Colfax
Gary Petersen (Chair) Nevada City
c. This subcommittee shall be advisory to the CEO or the CEO’s designee and shall be referred to as the Energy Procurement Review Committee. It shall be charged with providing advice and recommendations to the CEO or the CEO’s designee on long-term (five years or more) Power Procurement Contracts, purchase agreements, contracts, and confirmations contemplated for the current calendar year as provided for in the Energy Risk Management Policy. This subcommittee shall have such support from General Counsel and Pioneer staff as the CEO shall direct.
d. This subcommittee shall make its recommendations to the CEO or CEO’s designee from time to time as the CEO deems necessary but no later than the date of the first regular meeting of the Pioneer Governing Board in January 2027 and upon provision of its recommendations to the CEO or CEO’s designee, this subcommittee shall automatically be disestablished.
e. As a temporary, ad hoc committee advisory to the CEO and comprised of less than a quorum of the Governing Board, the Energy Procurement Review Committee may, but need not, comply with the Brown Act as authorized by Government Code section 54952, subdivision (b).

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

Resolution 2026-xx
January 15, 2026

Staff Report – Item 2
To: The Governing Board
From: Brad Koehn, Director of Finance and Administration Item 2: Receive Financial Audit Report from Sorren CPAs P.C.

Date: 1/15/2026

RECOMMENDATION
Receive the Year-End Financial Statements and the Independent Auditor’s Report for the Fiscal Year 2024-25.

AUDIT & FINANCE COMMITTEE
At the January 6, 2026, meeting of the Audit & Finance Committee, the committee members received a presentation from the Independent Auditor and discussed the status of the audit and the auditor’s opinion.

BACKGROUND
The annual audit of the financial statements has been completed, and the report prepared by Sorren CPAs P.C. has been issued to the Agency. The auditors have rendered a clean opinion and “In the auditor’s opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Pioneer as of June 30, 2025 and 2024, and the results of its operations and cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.” The Statements described below are for the entirety of Pioneer and include both the Community Choice Aggregation and mPOWER program components.

Basic Financial Statements
The Statement of Net Position presents information about assets and liabilities, and the difference between the two is reported as net position. The change in net position over time is an indicator of whether the financial position of Pioneer is improving or deteriorating.

The Statement of Revenues, Expenses, and Changes in Net Position reports how the net position changed during the year and presents a comparison between operating and non-operating revenues and operating and non-operating expenses.

The Statement of Cash Flows reports the cash provided and used by operating activities, as well as other sources and uses, such as financing and investing activities.

Notes to the Financial Statements
Various notes provide additional information that is essential to a full understanding of the information provided in the basic financial statements. They are found immediately following the financial statements to which they refer.

ANALYSIS & DISCUSSION
The following are highlights of the financial statement as of June 30, 2025:
 Total assets were $212.4 million with current assets comprised of $207 million. Current assets are mostly comprised of cash and cash equivalents of $37.7 million; investments (LAIF) of $73.5 million; Agenda Item: 2 Agenda Date: 1/15/2026

CalTrust Short-Term and Medium-Term Funds of $50 million; accounts receivable and other receivables of $21 million, and accrued revenue of $12 million. Current assets have increased each year since Pioneer’s launch, driven by operating surpluses.  Total liabilities were $28.7 million, of which current liabilities totaled $23 million. Current liabilities primarily consist of the cost of electricity delivered to customers but not yet paid to Pioneer. Other liabilities include interest and bonds payable. Noncurrent liabilities include Bonds and Notes Payable due in more than a year.
 Total operating revenues were $231.7 million, which is almost exclusively generated from electricity sales.
 Total operating expenses were $189.9 million, which was primarily the cost of electricity, $177 million, contract services, $6.3 million, and staffing costs of $4.3 million.

STRATEGIC PLAN
The recommendation supports the “Be Fiscally Strong & Resilient” goal.

FISCAL IMPACT
During Fiscal Year 2024-25, Pioneer’s total revenues exceeded total expenses, resulting in an increase in Net Position of $48 million to a total Net Position of $183.7 million. 431179.1 Page 1 of 8
Staff Report – Item 3
To: The Governing Board
From: Donald Eckert Jr., Chief Executive Officer
Item X: Adopt Resolution Authorizing an Adjustment to Pioneer Community Energy’s Customer Generation Rates Effective March 1, 2026.

Date: 1/15/2026

RECOMMENDATION
Adopt Resolution authorizing an adjustment to Pioneer Community Energy’s (“Pioneer”) customer generation rates effective March 1, 2026.

AUDIT & FINANCE COMMITTEE RECOMMENDATION
At the January 6, 2026, Audit & Finance Committee (“Committee”), the Committee received a presentation from Pacific Energy Advisors on changes to Pacific Gas & Electric’s (“PG&E”) rates and the Power Charge Indifference Adjustment (“PCIA”) rates effective January 1, 2026, and the impact to Pioneer’s rate competitiveness.

The Committee further discussed rate options and the impact on Pioneer’s reserves and competitiveness and provided staff options for Board consideration

BACKGROUND
There are two issues that prompts Pioneer to consider a rates adjustment in 2026.

1. The PG&E’s PCIA rate for 2026 has increased substantially and is currently at an unprecedented level.

2. PG&E has lowered its customer generation rate.

PCIA Increase
The following chart illustrates the significant increase in the PCIA between 2025 and 2026 for the three main vintages impacting Pioneer’s customers:
-2017 Vintage includes most of Placer County and the communities within -2021 Vintage includes most of City of Placerville and El Dorado County customers -2023 Vintage includes most of Grass Valley and Nevada City customers 0%
50%
100%
150%
200%
250%
300%
350%
400%
2017 2021 2023
PCIA Vintage Year
PCIA Change 2025 to 2026
Agenda Item: 3 Agenda Date: 1/15/2026
431179.1 Page 2 of 8
There are two primary drivers for the increase:

A. Market Influence: The largest reason for the increase is due to conditions in the market for Resource Adequacy (“RA”), Renewable Energy Credits (“RECs”), and Energy attributes. Both the realized and forecasted values of these attributes have decreased since last year, leading to a decrease in the PCIA portfolio market value that will increase the indifference amount forecasted for 2026.

B. Regulators: While the market conditions that drive the increase in the PCIA are not directly attributable to regulators, certain actions by the California Public Utilities Commission (“CPUC”) have made the situation worse. In particular, the CPUC changed the way it calculates the value of RA attributes for PCIA resources in reaction to historically low PCIA rates in 2025 caused, in part, by high 2024 RA market prices. The CPUC now value RA using up to four years of historical transactions (as opposed to the prior one-to-two-year transaction period), diluting the impact of any single year. Most concerning is that the CPUC is applying the new methodology to the true-up of the 2025 revenue requirement, increasing the 2025 PCIA true-up that will be collected through 2026 PCIA rates.

PG&E Customer Generation Rates
PG&E has also lowered its customer generation rate by 24% in 2026 compared to 2025. The drivers for the decrease include the state of the power supply market reflecting lower pricing for RA, RECs, and Energy attributes and an overcollection from the previous year.

ANALYSIS & DISCUSSION
Rate design principles include:

1. Revenue Sufficiency – Rates must cover operating expenses, any debt service requirements, and prudent reserves.

2. Rate Competitiveness – Rates must allow Pioneer to successfully retain and attract customers.

3. Rate Stability – Rate changes should be minimized to reduce customer bill impacts.

4. Customer Understanding – Rates should be simple, transparent, and easily understood.

5. Equity Among Customers – Rate difference among customers should be justified by cost-of-service factors including, but not limited to, how much power they use and when they use it.

With these principles in mind, when adjustments to rates are justified, we must consider covering our cost to serve, competitiveness to PG&E, and approach this with a forward three-year perspective to support rate stability.

The following rate setting scenarios will demonstrate Pioneer’s competitiveness to PG&E from a total bill perspective and impact Pioneer’s cash reserves in order of least recommended to most recommended:

Scenario 1: Absorb the PCIA Increase Resulting in Pioneer’s Overall Generation Rate at Parity to PG&E Note: PG&E Delivery Rate is from 2025
Residential E-1 ($/kWh) PG&E Placer El Dorado GV/NC
Generation Rate $0.12855 $0.06417 $0.06417 $0.06417
PG&E Delivery Rate $0.28887 $0.28887 $0.28887 $0.28887
PG&E PCIA/FF ($0.01011) $0.03720 $0.05312 $0.05427
Total Electricity Cost $0.40731 $0.39024 $0.40616 $0.40731 Average Monthly Bill ((500 kWh) $203.66 $195.12 $203.08 $203.66 Pioneer vs. PG&E % Difference -4% 0% 0%
Pioneer
Total Bill Impact
Agenda Item: 3 Agenda Date: 1/15/2026
431179.1 Page 3 of 8
Note: 2027 includes Q4 expansion and 2028 includes full year of expansion Conclusion: Under this scenario, Pioneer would set rates to absorb the PCIA increase to be at par with PG&E. However, if current conditions were to continue, Pioneer would be insolvent by end of 2027.

Scenario 2: Pioneer’s Generation Rate Achieve a 15% Discount to PG&E’s Generation Rate Note: PG&E Delivery Rate is from 2025
$91,492
$139,200
$205,616
(250,000)
(200,000)
(150,000)
(100,000)
(50,000)
-
2026 2027 2028
Injection/(Withdrawal) $ in
Millions
Calendar Year
Pioneer Cash Reserves
Residential E-1 ($/kWh) PG&E Placer El Dorado GV/NC
Generation Rate $0.12855 $0.10927 $0.10927 $0.10927
PG&E Delivery Rate $0.28887 $0.28887 $0.28887 $0.28887
PG&E PCIA/FF ($0.01011) $0.03720 $0.05312 $0.05427
Total Electricity Cost $0.40731 $0.43534 $0.45126 $0.45241 Average Monthly Bill ((500 kWh) $203.66 $217.67 $225.63 $226.21 Pioneer vs. PG&E % Difference 7% 11% 11%
Total Bill Impact
Pioneer
Agenda Item: 3 Agenda Date: 1/15/2026
431179.1 Page 4 of 8
Note: 2027 includes Q4 expansion and 2028 includes full year of expansion Conclusion: While withdrawing approximately 40 days of cash coverage in 2026 is sustainable, over the course of three years, the reduction of cash coverage days would be 152 days or over half of Pioneer’s current reserves. If current rate conditions continue, a larger withdrawal in 2027 could prompt a downgrade to Pioneer’s credit rating that would require Pioneer to post cash collateral with power suppliers which further exasperates liquidity issues. Another concern is Pioneer would enter the full year of expansion in 2028 in a required position to significantly raise rates.

Scenario 3: Pioneer’s Generation Rate Achieve a 10% Discount to PG&E’s Generation Rate Note: PG&E Delivery Rate is from 2025
$26,597
$39,531
$35,640
(45,000)
(40,000)
(35,000)
(30,000)
(25,000)
(20,000)
(15,000)
(10,000)
(5,000)
-
2026 2027 2028
Injection/(Withdrawal) $ in
Millions
Calendar Year
Pioneer Cash Reserves
Residential E-1 ($/kWh) PG&E Placer El Dorado GV/NC
Generation Rate $0.12855 $0.11570 $0.11570 $0.11570
PG&E Delivery Rate $0.28887 $0.28887 $0.28887 $0.28887
PG&E PCIA/FF ($0.01011) $0.03720 $0.05312 $0.05427
Total Electricity Cost $0.40731 $0.44177 $0.45769 $0.45884 Average Monthly Bill ((500 kWh) $203.66 $220.89 $228.85 $229.42 Pioneer vs. PG&E % Difference 8% 12% 13%
Total Bill Impact
Pioneer
Agenda Item: 3 Agenda Date: 1/15/2026
431179.1 Page 5 of 8
Note: 2027 includes Q4 expansion and 2028 includes full year of expansion Conclusion: This scenario results in Pioneer cycling through approximately 26 days of cash coverage with the trade-off of a slightly less competitive position in total bill impact. Over the course of the next three years, the total reduction of cash coverage days would be 83 days or a third of our current reserves. This scenario contains the same concerns as Scenario #2. While the impact to reserves is less, the trend of reserve withdrawals over multiple years could prompt a downgrade in Pioneer’s credit rating and the pressure to increase rates in the first full year of expansion remains.

Scenario 4: Pioneer’s Generation Rate Achieve a 5% Discount to PG&E’s Generation Rate (Recommended)
Note: PG&E Delivery Rate is from 2025
$17,581
$26,114
$12,232
(30,000)
(25,000)
(20,000)
(15,000)
(10,000)
(5,000)
-
Injection/(Withdrawal) $ in
2026 2027 2028
Millions
Calendar Year
Pioneer Cash Reserves
Residential E-1 ($/kWh) PG&E Placer El Dorado GV/NC
Generation Rate $0.12855 $0.12212 $0.12212 $0.12212
PG&E Delivery Rate $0.28887 $0.28887 $0.28887 $0.28887
PG&E PCIA/FF ($0.01011) $0.03720 $0.05312 $0.05427
Total Electricity Cost $0.40731 $0.44819 $0.46411 $0.46526 Average Monthly Bill ((500 kWh) $203.66 $224.10 $232.06 $232.63 Pioneer vs. PG&E % Difference 10% 14% 14%
Total Bill Impact
Pioneer
Agenda Item: 3 Agenda Date: 1/15/2026
431179.1 Page 6 of 8
Note: 2027 includes Q4 expansion and 2028 includes full year of expansion Conclusion: This is the most conservative approach and the recommended scenario. This scenario results in approximately a reduction of 13 days in cash coverage with the trade-off of a slightly higher total bill bill compared to the other options. Over the course of three years, the total reduction in cash coverage days would be 15 days due to the positive trend in 2028. While there is a two-year trend of withdrawals from reserves, the level of withdrawal significantly mitigates a downgrade in Pioner’s credit rating. This scenario also positions Pioneer in a strong position to maintain or even reduce rates when the full year of expansion arrives.

Summary of Scenarios
In all of the scenarios presented above, Pioneer will bring in less total revenue than it could to cover its reasonable costs of service, including a prudent level of reserves. Further, while this report presents potential rates for the Residential E-1 class, all customer classes will see a proportionate impact to reflect a reasonable estimate of their effect on Pioneer’s costs. The table below summarizes the options presented including total bill impact, impact to cash reserves, and Pioneer’s comparison to PG&E when only considering the Generation Rate and the PCIA:

Why are the Rates Effective March 1st?
Upon approval at the Board meeting, rate tables will need to update and Pioneer’s data management consultant needs approximately two weeks for testing. Rather than implement retroactive bill adjustments for meters read in January which causes confusion for the customers, it is best to defer the effective date to March. $8,572
$12,707
$11,157
(15,000)
(10,000)
(5,000)
-
5,000
10,000
15,000
Injection/(Withdrawal) $ in
2026 2027 2028
Millions
Calendar Year
Pioneer Cash Reserves
Scenario Placer El Dorado NC/GV 2026 2027 2028 Placer El Dorado NC/GV #1 - Parity -4% 0% 0% $91,492 $139,200 $205,616 -15% -1% 0% #2 - 15% 7% 11% 11% $26,597 $39,531 $35,640 25% 39% 40% #3 - 10% 8% 12% 13% $17,581 $26,114 $12,232 31% 45% 46% #4 - 5% 10% 14% 14% $8,572 $12,707 $11,157 36% 50% 51%
Pioneer Comparison to PG&E
Total Bill Comparison Reserves Impact ($ in Millions) (Generation + PCIA) Only Scenario 2026 2027 2028 Total
#2 - 15% 40 59 53 152
#3 - 10% 26 39 18 83
#4 - 5% 13 19 17 15
Cash Coverage Days
Agenda Item: 3 Agenda Date: 1/15/2026
431179.1 Page 7 of 8
What Has/Is Pioneer Doing About the Impact from the PCIA? Staff are active from various angles in mitigating the PCIA’s impact to Pioneer in 2026 and moving forward:

1. Regulatory: PCIA advocacy and its trade organization, CalCCA, is active on multiple fronts. We are fighting multiple CPUC decisions that are exasperating the extreme PCIA rate increase in 2025, including in the ongoing PCIA rulemaking and Energy Resource Recovery Account (“ERRA”) forecast cases. In the PCIA rulemaking, CalCCA is appealing the CPUC decision as illegally applying a PCIA methodology change retroactively to 2025, which is implemented via a true-up and collected 2026 rates. CalCCA and Pioneer will also seek structural reforms to the PCIA in the rulemaking to help protect customers in future years from a repeat of the current extreme PCIA rates.

2. Regulatory: In the ERRA Forecast case, CalCCA effectively rebuffed an attempt by PG&E to practically zero out the capacity value attributed to its battery resources and is continuing to fight a separate proposal to zero out the value of certain RECs associated with its PCIA resources. On both issues, PG&E’s proposals would further increase the PCIA by decreasing the value of its generation fleet that offsets the costs when developing PCIA rates.

3. Financial: Over the past few years when the PCIA has been manageable, the Board was prudent with rate setting allowing reserves to be built. Pioneer enters this year with approximately 270 days of cash coverage and in a strong position to weather the PCIA storm.

4. Financial/Power Supply: Staff is developing a PCIA Hedging Strategy this year that will partially mitigate the impacts of PCIA volatility in future years. While it is impossible to fully hedge the risks of the PCIA, there are strategies to reduce the risks due to the inverse relationship between power supply costs and the PCIA.

5. Financial/Power Supply: Staff will pursue Pioneer’s second power prepay transaction due to the large volume of long-term renewable power purchase agreements that have been recently executed. The goal of the power prepay is to lower power supply costs.

6. Financial: Pioneer recently executed an amendment to its line of credit with Columbia Bank increasing the line and expanding the scope to include funding for working capital. The $30 million line of credit available for working capital mitigates PCIA risks.

7. Financial: Once the Board provides directions on rates, staff will begin the Mid-Year Budget process which includes each department reviewing its forecasted expenses.

8. Communications: Staff will be active in providing talking points for the Board and working with other Community Choice Aggregators and CalCCA in messaging to apply pressure to the regulators to rectify the situation.

9. Regulatory: Pioneer will be planning a “Lobby Day” in February with the Board Chair to meet with legislators from our service territory with a PCIA and its impact to affordability.

What are the Value Plays if not Rate Competitiveness?
While the PCIA will prohibit Pioneer from achieving its mission in 2026 to provide ratepayer savings, there are opportunities to support the vision of being a community partner, including:

1. Programs: Programs were very successful in 2025 and were the driver for our positive Google reviews and brand recognition. While it is not prudent to expand the programs budget this year, maintaining the programs budget would allow Pioneer to continue to build goodwill in a challenging rates environment by continuing the successful programs last year and launching new ones.

2. Sponsorships: It is recommended to reduce the size of one-time sponsorship investments. However, it is not recommended to reduce the sponsorship budget. Pioneer had enormous success in building partnerships in the community through strategic sponsorships in 2025 and it will be even more important this year to maintain those relationships.

3. Biomass: Pioneer is currently in negotiations with a potential six (6) projects that fall under the BioMAT program with at least one project in our service territory. Supporting local energy projects while mitigating wildfire risks results in value to the community.

Agenda Item: 3 Agenda Date: 1/15/2026
431179.1 Page 8 of 8

4. Micro Grids: Pioneer is deep in the process of closing on several projects in our service territory related to the Micro-Grid Incentive Program while exploring several other options for Micro-Grid funding.

Another strong value play to keep the lights on in areas that suffer from PG&E power shut offs.

5. Customer Service: Pioneer will continue to be active and represented in the communities we serve and will continue to be a ahead of our competitor by providing excellent customer service.

STRATEGIC PLAN
The recommendation supports the “Be Fiscally Strong & Resilient” goal.

FISCAL IMPACT
If the Board adopts rates that support the 5% discount compared to PG&E’s Generation Rate, the fiscal impact would be an ($8.6) million withdrawals to reserves or approximately a reduction of 15 cash coverage days.

ATTACHMENTS

1. Resolution authorizing an adjustment to Pioneer Community Energy’s (“Pioneer”) customer generation rates effective March 1, 2026.

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 January 15, 2026, 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 Community Energy (“Pioneer”) was formed for the purpose of providing local control of energy resources, to provide competitive and stable rates, and to provide programs to foster economic development, energy efficiency, and resource conservation; and WHEREAS, Pioneer has the authority to aggregate electric load to purchase and supply electricity for customers within its jurisdiction; and
WHEREAS, Pioneer has provided electric generation service to its customers since initiating service on February 1, 2018; and
WHEREAS, Pioneer has a need to adopt customer generation rates that are competitive and maintain a Pioneer’s cash reserve that allows Pioneer to respond to risk, and provide competitive and stable rates; and
WHEREAS, Pioneer’s generation rates currently in effect remain; and WHEREAS, on January 15, 2026, the Board conducted a public hearing and reviewed, considered, discussed rate adjustment scenarios.

In the matter of: ADOPT RESOLUTION

AUTHORIZING AN ADJUSTMENT TO PIONEER
COMMUNITY ENERGY’S CUSTOMER
GENERATION RATES EFFECTIVE MARCH 1,
2026.

Resolution 2026-__
January 15, 2026
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 Chief Executive Officer is hereby authorized to amend Pioneers’ current Electric Generation Rates Schedule so that Pioneer’s customer generation rates will be 5% lower than PG&E’s customer generation rates.

3. Pioneer’s electric generation rates, as adjusted by the Chief Executive Officer per this Resolution above, shall become effective on March 1, 2026.

4. Pioneer’s adjusted electric generation rates shall be set forth in the 2026 Electric Generation Rates Schedule. The Chief Executive Officer shall provide a copy of the 2026 Electric Generation Rates Schedule to the Governing Board at its first meeting after the 2026 electric generation rates are implemented.

5. The 2026 Electric Generation Rates:
a. do not exceed the actual or estimated reasonable costs to Pioneer of providing the services to which the fees relate;
b. are reasonable and necessary to enable Pioneer to provide the benefit or privilege, service or product to which they relate; and c. have been allocated in a manner such that the costs to the payor bear a fair and reasonable relationship to the payor’s burden on, or benefits received, from Pioneer.

6. The Governing Board finds and determines that this resolution is not subject to the California Environmental Quality Act (“CEQA”) and, therefore, an environmental review is not required pursuant to section 21080, subdivision (b)(8) of the Public Resources Code and sections 15273(a) and 15061(b)(3) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3 because CEQA does not apply to the establishment, modification, restructuring, or approval of rates and other charges by public agencies for purposes such as those set forth herein.

Staff Report – Item 4
To: The Governing Board
From: Donald Eckert Jr., Chief Executive Officer
Item 4: Adopt Resolution Approving the 2026 Governing Board Meeting Schedule Date: 1/15/2026

RECOMMENDATION
Adopt a Resolution approving the 2026 Governing Board Meeting Schedule through January 2027.

BACKGROUND
Pursuant to Section 54954 of the Brown Act and the Pioneer Community Energy Joint Powers Agreement, the Board must fix the date, hour, and place of regular meetings by resolution. On December 16, 2021, the Pioneer Community Energy Board of Directors adopted Resolution 2021-45, which provides that regular meetings of the Governing Board shall normally be held on the third Thursday of each month, with the exception of state or federal holidays, commencing at 3:00 PM, subject to Board approval on an annual schedule of meetings. Such regular meetings shall be held at the Pioneer Community Energy office located at 2510 Warren Drive, Suite B, Rocklin, California 95677, provided however, that the Governing Board may, in its discretion, hold any such regular meeting at any other location within the boundaries of any Pioneer Community Energy member agency.

Since that time, the regular schedule of meetings have followed the approved schedule with an August recess with slight variations in meeting dates approved annually by resolution of the Governing Board.

ANALYSIS & DISCUSSION
Staff recommend that the Board adopt the proposed 2026 Pioneer Community Energy Governing Board Meeting Schedule for February 19, 2026, through January 21, 2027. The proposed schedule continues to follow the current schedule of meetings to be held on the third Thursday of each month, commencing at 3:00 PM.

Staff have reviewed the meeting schedule for potential conflicts with known reasons which could affect the achievement of a quorum and to allow for an August recess. Specifically, the proposed schedule does not conflict with the annual League of California Cities conference, the annual CalCCA conference, or the annual Placer Business Alliance conference.

STRATEGIC PLAN
The recommendation supports the Operational Optimization goal.

FISCAL IMPACT
There is no fiscal impact with the report.

ATTACHMENTS

1. Resolution approving the 2026 Governing Board Meeting Schedule.

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 January 15, 2026, 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, section 6.F of the Amended and Restated Joint Exercise of Powers Agreement for Pioneer Community Energy provides that the date, hour and place of each regular meeting of the Governing Board shall be fixed by resolution or ordinance of the Board; and WHEREAS, on December 16, 2021, the Governing Board adopted Resolution 2021-45, providing that regular meetings of the Governing Board shall normally be held on the third Thursday of each month, with the exception of state or federal holidays, commencing at 3:00 PM, subject to Board approval on an annual schedule of meetings; and
WHEREAS, Resolution 2021-45 further resolved that the regular meeting location for the Pioneer Community Energy Governing Board to be at the Pioneer Community Energy office located at 2510 Warren Drive, Suite B, Rocklin, California, 95677, provided however, that the Governing Board may, in its discretion, hold any such regular meeting at any other location within the boundaries of any Pioneer Community Energy member agency; and WHEREAS, on January 16, 2025, the Governing Board approved the 2025 Pioneer Community Energy Governing Board Meeting Schedule for February 20, 2025 through January 15, 2026, following the prior schedule of meetings to be held on the third Thursday of each month, commencing at 3:00 PM, including an alternate meeting date accommodating holidays during the month of December, and allowing for a recess during the month of August.

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

In the matter of: A RESOLUTION
APPROVING THE 2026 GOVERNING

BOARD REGULAR MEETING

SCHEDULE
Resolution 2025-xx
January 16, 2025
2 1. The above recitals are true and correct.

2. The Governing Board does hereby approve the 2026 Pioneer Community Energy Governing Board Meeting Schedule for February 19, 2026, through January 21, 2027.

The proposed schedule continues to follow the current schedule of meetings to be held on the third Thursday of each month, commencing at 3:00 PM; allowing for a recess during the month of August.

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

Exhibit A: Pioneer Community Energy 2026 Governing Board Meeting Schedule

PIONEER COMMUNITY ENERGY
2026 GOVERNING BOARD MEETING SCHEDULE
(Meetings are subject to cancellation/change based upon need) February 19, 2026
March 19, 2026
April 16, 2026
May 21, 2026
June 18, 2026
July 16, 2026
September 17, 2026
October 15, 2026
November 19, 2026
December 17, 2026
January 21, 2027
Regular meetings of the Board are scheduled on the third Thursday of each month, commencing at 3:00 PM; and allowing for an August recess.

Such regular meetings shall be held at the Pioneer Community Energy office located at:

Pioneer Community Energy Offices
2510 Warren Drive, Suite B
Rocklin, CA 95677
Provided however, that the Governing Board, in its discretion, may hold any such regular meeting at any other location within the boundaries of any Pioneer Community Energy member agency.

Staff Report – Item IV-B
To: The Governing Board
From: Donald Eckert Jr., Chief Executive Officer
Item IV-B: CEO Report
Date: 1/15/2026

PERSONNEL
Pioneer Community Energy begins the year with twenty-four of twenty-six positions filled.

There is one active recruitment for a Community Outreach Specialist.

CHIEF EXECUTIVE OFFICER AGREEMENTS EXECUTED (NON-POWER SUPPLY) The following agreements have been conducted by the Chief Executive Officer, consistent with the authority delegated by the Board:
• Consultant Services Agreement with Intelligent Technical Solutions for Information Technology and Security Audit services for an amount not to exceed $60,000 with a term effective December 9, 2025. • Subscription Agreement with EnergyGPS LLC for Energy Market Analytics data insight services for an amount not to exceed $10,000 with a 12-month term effective January 1, 2026.

GREAT PLACE TO WORK CERTIFICATION
Great Place To Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.

Pioneer is proud to report on our achievement in obtaining this certification. According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits and have a fair chance at promotion.

Agenda Item: IV-B Agenda Date: 1/15/2026

SOLAR RENEWABLE ENERGY CREDITS/CLEANFLEET REVENUE PROGRAMS FOLLOW-UP At the December Governing Board meeting, staff presented a program that is a spin-off of our CleanFleet Revenue program to include the monetization of renewable energy credits (“RECs”) obtained through solar assets owned by our members. While the Board adopted the program, there was an open item of whether this could be applied to include school districts. After consultation with General Counsel, we are happy to report we can and will move forward in marketing this program to special districts in our service territory including school districts.

SPONSORSHIP ACTIVITY
The following table illustrates sponsorship activity through the first six months of the fiscal year:

Event Date Member Community Vendor Special Event Amount CY 2025 Auburn Hillmen Foundation Future Innovators Science Lab Sponsorship $ 2,500
7/3/2025 Colfax Colfax Railroad Days Colfax 3rd of July $ 1,500 7/4/2025 Auburn Auburn Chamber of Commerce Auburn Family Fourth of July $ 2,000 7/4/2025 Grass Valley Grass Valley Downtown
Association Grass Valley 4th of July $ 1,500
7/2025 -
7/2026 El Dorado County El Dorado County Chamber of Commerce Chamber Champion Program $ 5,000 8/6-10, 2025 Grass Valley/Nevada
County Nevada County Fairgrounds Nevada County Fair $ 1,950 8/22-23,
2025 Lincoln Lincoln Area Chamber of Commerce Lincoln Airport Wings & Wheels $ 1,500 9/10/2025 Auburn/Placer County Latino Leadership Council Latino Leadership Council Annual Forum $ 500
9/12/2025 Statewide League of California Cities Sacramento Valley Division Meeting $ 1,500 9/14/2025 Rocklin Rocklin Public Saftey Foundation Patriot Day $ 1,000 9/20/2025 Rocklin Rocklin Area Chamber of
Commerce 32nd Annual Hot Chili & Cool Cars $ 1,500
9/22-28,
2025 Placer County Placer Land Trust 2025 Conservation Celebration Week $ 500 9/25/2025 Auburn Auburn Chamber of Commerce Annual Celebrate the Community Dinner $ 1,500
10/4/2025 Loomis Loomis Basin Chamber of
Commerce 2025 Fruitshed Festival $ 2,500
12/6/2025 Auburn Auburn Area Chamber of
Commerce Festival of Lights Parade $ 1,000
11/1/2025 Rocklin The Gathering Inn 2025 Gathering for Hope - Glitz and Glam Gala $ 500
11/28-12/19,
2025 Grass Valley Grass Valley Downtown Association Cornish Christmas at Grass Valley $ 2,000 11/21/2025 Regional Mountain Counties Water
Resources Association 2025 Fall Water Forum $ 2,500
12/4/2025 Lincoln Lincoln Area Chamber of
Commerce Christmas Tree Lighting & Parade $ 1,000
12/6/2025 Rocklin Rocklin Area Chamber of
Commerce 18th Annual Rocklin Tree Lighting $ 1,000
12/13/2025 Colfax City of Colfax Colfax Winterfest $ 2,500 12/5/2025 El Dorado County El Dorado Hills Community
Services District
Gilmore Senior Center Christmas
Luncheon $ 1,000
TOTAL $ 36,450
Sponsorship Activity thru December 31, 2025
*Special Note: Pioneer invested, for community outreach visibility purposes, $7,500 to support the Placerville Aquatics Center’s pump upgrade of its City Pool.

Agenda Item: IV-B Agenda Date: 1/15/2026

CHIEF EXECUTIVE OFFICER POWER SUPPLY CONTRACTS EXECUTIED The following agreements have been conducted 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. Presented at the County of Madera Board of Supervisors regarding joining Pioneer.

ATTACHMENTS

1. Agenda Planning Document

2. Legislative and Regulatory Report

3. Communications Report

4. Programs Report

5. Strategic Plan Progress Report (Quarterly)
Counterparty Name Execution
Date Type Product Start Date End Date Notional Value
Mercuria Energy America LLC 12/29/2025 Buy Unspecified Power 1/1/2026 12/31/2026 5,417,548 $ Agenda Planning Document – Pioneer Community Energy ATTACHMENT 1 1-5-26

BOARD OF

DIRECTORS
JANUARY 15, 2026

REGULAR MEETING
3:00 PM
(Post Agenda: January 9)
FEBRUARY 19, 2026

REGULAR MEETING
3:00 PM
(Post Agenda: February 9)
MARCH 19, 2026

REGULAR MEETING
3:00 PM
(Post Agenda: March 13)

IN THE FUTURE
Special Meeting
Closed Session
Regular Meeting
3:00 PM
Consent 1a Minutes for Approval-DEC 18, 2025 Minutes for Approval-JAN 15, 2026 Minutes for Approval-FEB 19, 2026 1b Receive Draft Financials NOV 2025
(Koehn)
Receive Draft Financials DEC 2025
(Koehn)
Receive Draft Financials JAN 2026
(Koehn)
RES Contract Renewal – Calpine (Koehn)
1c RES Amendment No. 6 to CEO
Employment Agreement
(action/Eckert/Counsel)
2026 RES Yes Energy (Kang)
1d
1e
Presentation 2 Annual Financial Audit (action – Koehn) Celebratory Toast-Debt Free APR Legislative Platform 2026 APR CAISO Tour
Regular 3 Annual Selection of Board Officers
(action-Eckert)
FY 2025-26 Midyear Budget Review
(discussion – Koehn)
RES Rebate Program
(action-Stassi-Vanacore)
MAY RES IRP (Integrated Resource Plan) –
(action-Kang)
4 Annual Appointment of ad hoc EPRC
Members (2026) (action/Eckert)
Sagent Contract Renewal (action/Stassi- Vanacore)Future JPA Structure of Pioneer (discussion-Eckert)
Administrative Recommendations for
Pioneer’s Board Meetings
5 Public Hearing – RES Rates (action-Eckert)Income Graduated Fix Charge Update (discussion – Kang)
Power Prepay #2
6 RES Governing Board 2026 Schedule
(FEB 2026-JAN 2027) (Eckert)
Committee Assignments (action-Eckert Board Orientation Workshop; Q2 Resource Planning for Expansion
7 Rates Messaging (discussion/Stassi-Vanacore)Presentation (discussion-Eckert) guest: Dr. Ahmad Faruqui (in person)
8 Recognition of Board Members
(action-Eckert)
Large Load Policy (action – Kang)
General Function II Chief Executive Officer’s Report
REG Reports: Leg/Reg; Communications; Programs;
QTRLY Updates requested by the Board
 Strategic Plan Objectives
Sponsorship Activity
Chief Executive Officer’s Report
REG Reports: Leg/Reg; Communications; Programs
Chief Executive Officer’s Report
REG Reports: Leg/Reg; Communications; Programs
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 ATTACHMENT 1 1-5-26
AUDIT/FINANCE COMMITTEE JANUARY 6, 2026
in-person & remote locations IN THE FUTURE
David Ring, Chair
Richard Pearl, Vice Chair
Greg Janda
Gary Petersen
o May 12, 2025 Minutes
o Financial Audit
o Rates
Selection of Officers through 2026

ENERGY PROCUREMENT REVIEW

AD HOC COMMITTEE

TO BE SCHEDULED
zoom only IN THE FUTURE
Gary Petersen, Chair
Alice Dowdin Calvillo, Vice Chair
Ryan Carter
Greg Janda
Sean Lomen
o (JAN-BOARD) Annual Appointment of EPRC Members (2026) Selection of Officers through 2026

EXPANSION

AD HOC COMMITTEE

TO BE SCHEDULED
zoom only IN THE FUTURE
Alice Dowdin Calvillo, Chair
Tom Ivy, Vice Chair
Suzanne Jones
Lori Parlin
o Selection of Officers through 2026

GOVERNANCE COMMITTEE TO BE SCHEDULED
in-person & remote locations IN THE FUTURE
Board - Chair
Board - Vice Chair
Committee Chairs
Board Chair, Ex Officio (prior year)
o December 17, 2025 Minutes Selection of Officers through 2026 Future JPA Structure of Pioneer

COMMUNITY ADVISORY COMMITTEE

TO THE CHIEF EXECUTIVE OFFICER TO BE SCHEDULED IN THE FUTURE Meets on the 4th Wednesday
(even-numbered months)

Attachment: Legislative and Regulatory Update
Date: 1/15/2026
Legislative Affairs
• The 2026 Legislative Session began on Monday, January 5, 2026, and is scheduled to end on August 31, 2026. In the near term, Pioneer will meet with its lobbyists, Niemela Pappas & Associates (NPA), to discuss priorities for this session and develop Legislative Platform to bring to the Board for approval. Pioneer will continue to advocate for support of biomass development, but the budget and Cap and Invest funding shortfalls will limit any available funds available to support biomass. • Pioneer is planning a Lobby Day for February 10, 2026, and the California Community Choice Association (CalCCA) Lobby Day is scheduled for February 4, 2026. Pioneer will discuss strategy priorities for both Lobby Days with NPA and CalCCA, respectively, but one area of focus is likely to be the Power Charge Indifference Adjustment.

Regulatory Affairs
Below is a summary table of the key terms and issues, followed by further details on activities since our last Board Meeting on a few ongoing priority Pioneer regulatory proceedings and matters. New updates are color-coded in green. More updates will follow at future Board meetings as regulatory proceedings and matters evolve.

Key Terms
CPUC- California Public Utilities Commission OIR- Order Instituting Rulemaking/ “Proceeding” CEC- California Energy Commission ALJ- Administrative Law Judge LSE- Load Serving Entity AL- Advice Letter
IOU- Investor-Owned Utility PD- Proposed Decision
CAISO- California Independent System Operator D.- Decision ED- Energy Division PfM- Petition for Modification
PG&E- Pacific Gas and Electric Company CalCCA- California Community Choice Association Table of Contents:
• BioMAT Implementation – R.18-07-003; R.22-10-010; R.24-01-017: .................................................2 • Integrated Resource Planning (IRP) – R.20-05-003; R.25-06-019: .....................................................3 • Renewables Portfolio Standards (RPS) – R.24-01-017; CEC OIR 21-RPS-02: .......................................4 • Resource Adequacy (RA) – R.23-10-011; R.25-10-003: ....................................................................5 • Large Loads (PG&E Rule 30) – A.24-11-007: ...................................................................................6 • Demand Response – R.25-09-004:.................................................................................................7 • PG&E Energy Resource Recovery Account (ERRA) Compliance and Forecast: .......................................9 o 2024 ERRA Compliance – A.25-02-013: ......................................................................................9 [Publish Date] Agenda Date: 1/15/2026

o 2026 ERRA Forecast – A.25-05-011:......................................................................................... 10 • PG&E General Rate Case Phase (GRC) 1 – A.25-05-009:................................................................. 11 • PG&E General Rate Case Phase (GRC) 2 – A.24-09-014:................................................................. 12 • Provider of Last Resort (POLR) – R.21-03-011: .............................................................................. 13 • CEC Load Management Standards (LMS) – CEC 21-OIR-03; 23-LMS-01:........................................... 14 • Power Charge Indifference Adjustment (PCIA) – R.25-02-005: ........................................................ 16 • Safety & Reliability OIR– R.24-05-023: ......................................................................................... 17 • Disconnections – R.18-07-005:.................................................................................................... 18 • High-DER Future – R.21-06-017: ................................................................................................. 19 • Distributed Energy Resources – R.22-11-013: ............................................................................... 20 • Distributed Energy Resource Interconnections (Rule 21) – R.25-08-004: .......................................... 21 • BioMAT Implementation – R.18-07-003; R.22-10-010; R.24-01-017:
a. Proceeding Overview
i. Assembly Bill (AB) 843, chaptered in 2021, enabled CCAs to access the CPUC’s Bioenergy Market Adjusting Tariff (BioMAT) program, which is a feed-in-tariff program for small-scale bioenergy projects. The implementation of AB 843 was considered in R.22-10-010, while the ongoing review and revision of the BioMAT program continues to be considered in the RPS proceedings, R.18-07-003 and R.24-01-017. b. Potential Impact on Pioneer
i. Pioneer is an administrator of the BioMAT program, which acts as a much-needed incentive for local bioenergy development. The regulatory implementation of the BioMAT program, specifically regarding extension of the December 31, 2025 sunset date and revisions to the pricing mechanism, affects Pioneer's ability to effectively administer the program.
c. Key Issues
i. Expeditiously implement AB 843 to allow CCA access to the BioMAT program for future subsidies for biomass procurement
ii. Advocate for ongoing CPUC review and revisions to the BioMAT program’s sunset date, to ensure CCAs will be able to continue effectively administering the program d. Status Update
i. The BioMAT program closed on the currently effective sunset date of December 31, 2025. However, the CPUC still has not issued a final decision on Bioenergy Association of California’s (BAC’s) PfM, which includes a request to extend this sunset date, so there remains a remote possibility that the CPUC will reopen BioMAT. e. Background Documents/ Key Decisions
[Publish Date] Agenda Date: 1/15/2026

i. D.20-08-04, Revising the BioMAT Program (August 27, 2020):
https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M346/K112/346112503.PDF • Most notably extending the program end date to December 31, 2025 ii. D.23-11-084, Implementing AB 843 – Setting Rules to Enable CCAs to Participate in the BioMAT Program (November 30, 2023):
https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M521/K266/521266723.PDF iii. BAC PfM to Modify D.20-08-043 (March 6, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M558/K427/558427287.PDF • BAC urges the CPUC to consider extension of BioMAT sunset date iv. PD Denying BAC PfM to Modify D.20-08-043 (September 18, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M580/K430/580430313.PDF v. Opening Comments of Joint CCAs (Pioneer and RCEA) on PD Allowing the BioMAT Program to Sunset (October 8, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M582/K487/582487980.PDF f. Key Dates
i. January 15, 2025 – The PD denying BAC’s PfM regarding the BioMAT sunset date and other program revisions is set to be voted on during the CPUC voting meeting g. Pioneer Lead: Chau Pham
• Integrated Resource Planning (IRP) – R.20-05-003; R.25-06-019:
a. Proceeding Overview
i. This proceeding acts as the venue for long-term procurement planning, primarily through procurement mandates and compliance evaluations of LSEs' individual IRP plans. Historically, the CPUC has issued procurement mandates, most notably the mid-term reliability (MTR) orders, specifying how much and what kind of resources LSEs are obligated to buy, to ensure the state's electricity supply is reliable, cost-effective, and on track to meet greenhouse gas (GHG) reduction goals. The CPUC is currently developing a 10-year forward procurement program to support longer-term market stability, grid reliability, and GHG reduction goals.
b. Potential Impact on Pioneer
i. Pioneer is required to comply with IRP procurement and filing requirements. IRP plans are due in 2-year cycles; the current cycle is 2024-2026; the next IRP plan will be due on May 5, 2026. Furthermore, CPUC-issued procurement orders have a significant impact on the procurement market that Pioneer operates in. Therefore, it is in Pioneer’s best interest to advocate for policies that ensure any CPUC-issued procurement orders preserve CCA procurement autonomy and flexibility to the highest degree possible, to ensure Pioneer can engage in fair, competitive, and cost-effective procurement.
c. Key Issues
i. Minimize costly procurement orders coming from the IRP, especially near-term ad-hoc orders
ii. Advocate for procurement planning policies that prioritize affordable baseload resources such as biomass energy
[Publish Date] Agenda Date: 1/15/2026

d. Status Update
i. October 28, 2025 - The CPUC issued the new IRP scoping memo and ruling, setting the deadline for the individual IRP plans to be due May 5, 2026, as well as the scope and schedule for the rest of the proceeding through 2026. ii. November 7, 2025 – The CPUC issued a mid-term reliability (MTR) compliance notice to Pioneer indicating that Pioneer has met its MTR compliance requirements for 2023 and 2024.
iii. The IOUs requested an extension of the deadlines related to filing of proposed updates to the IOUs’ respective Bundled Procurement Plans. A January 2, 2026, Ruling grants the extension. The IOUs’ proposed updates are now due on June 1, 2026. e. Background Documents/ Key Decisions
i. ALJ Ruling Seeking Comments on Reliable and Clean Power Procurement Program (RCPPP) Staff Proposal (April 29, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M565/K140/565140721.PDF ii. ALJ Ruling Seeking Comments on Proposed 2026-2027 Transmission Planning Process (TPP) Portfolios and Need for Additional Near-Term Reliability Procurement (September 30, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M582/K082/582082526.PDF iii. R.25-06-019 Scoping Memo and Ruling (October 28, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M585/K485/585485746.PDF f. Key Dates
i. November 2025 – ALJ ruling containing filing requirements for LSEs for their individual IRPs
ii. February 2026 – Final Decision on Potential Interim Order for Reliability Procurement and 2026-2027 CAISO TPP Recommendations
iii. May 6, 2026 – LSEs' Individual IRP Plans Due
g. Pioneer Lead: Chau Pham
• Renewables Portfolio Standards (RPS) – R.24-01-017; CEC OIR 21-RPS-02:
a. Proceeding Overview
i. This proceeding acts as the venue for the CPUC’s implementation and administration of the state's RPS program, which aims to achieve 60% renewable energy by 2030, and 100% carbon-free by 2045.
b. Potential Impact on Pioneer
i. Pioneer is required to comply with the state’s RPS goals. All retail sellers must submit an annual preliminary RPS compliance report each year on August 1, to be evaluated by the CPUC in this proceeding. RPS compliance is evaluated in multi-year periods; we are currently in compliance period 5 (2025-2027). The next RPS target is 52% by 2027. It is Pioneer's priority to ensure RPS rules maintain the highest compliance flexibility possible (allowing for banked RECs, etc) to allow for cost-effective procurement.
c. Key Issues
[Publish Date] Agenda Date: 1/15/2026

i. Ensure any RPS rules maintain compliance flexibility to the highest degree possible ii. Advocate for fair inclusion of biomass resources in the RPS program and guidelines (this may also take place in the CEC RPS proceeding), including the ongoing administration of the BioMAT program
d. Status Update
i. No updates.
e. Background Documents/ Key Decisions
i. Pioneer Community Energy Draft 2025 RPS Procurement Plan (June 30, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M571/K990/571990166.PDF ii. PD on 2025 RPS Procurement Plans (November 14, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M587/K328/587328286.PDF f. Key Dates
i. Awaiting final decision on 2025 Draft Procurement Plans g. Pioneer Lead: Chau Pham
• Resource Adequacy (RA) – R.23-10-011; R.25-10-003:
a. Proceeding Overview
i. This proceeding aims to ensure the reliability of CA's electricity supply by requiring that LSEs procure sufficient resources to meet their load plus a planning reserve margin (PRM). The RA program recently implemented a slice of day (SOD) framework, ensuring LSEs are compliant every hour of the worst day of the month. b. Potential Impact on Pioneer
i. Pioneer is required to comply with RA procurement requirements and filings. Annual (year ahead) filings are due on October 31 each year and monthly (month ahead) filings are due 45 calendar days prior to the compliance month. Furthermore, RA requirements have significant impacts on the procurement market which Pioneer operates in. Therefore, Pioneer advocates for RA procurement requirements and policies that minimize adverse effects on the RA market. c. Key Issues
i. Advocate for refinements in the RA program that minimize RA requirements (based on robust modeling) to ensure adequate market availability and guard against RA price volatility
ii. Advocate for simplifying RA showings/ compliance requirements to the greatest extent possible
d. Status Update
i. December 12, 2025 - a Scoping Ruling was issued with the following items in scope for the Track 1 of the RA proceeding:
• Adoption of local and flexible requirements;
• Accreditation for long duration energy storage;
• Development of the Unforced Capacity Methodology framework; • Accreditation for wind and solar;
• SOD transactability issues;
• Residual Unit Commitment for RA resources
[Publish Date] Agenda Date: 1/15/2026

• Energy only resources; and
• Other time sensitive issues identified by the CPUC or parties in proposals e. Background Documents/ Key Decisions
i. Issuance of OIR 25-10-003 (October 15, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M583/K934/583934825.PDF ii. Scoping Ruling (December 12, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M590/K884/590884355.PDF f. Key Dates
i. January 23, 2026 – Track 1 party proposals
ii. February 6, 2026 – Energy Division report on transactability issues iii. February 20, 2026 – Party proposals on transactability issues iv. March 6, 2026 – Opening comments
v. March 2020, 2026 – Reply comments
vi. May 2026 – Proposed Decision on Track 1
vii. Early July 2026 – Final Decision on Track 1
g. Pioneer Lead: Chau Pham
• Large Loads (PG&E Rule 30) – A.24-11-007:
a. Proceeding Overview
i. This is PG&E's proposed tariff to address the interconnection of non-residential customers requesting retail electric service at transmission-level voltages between 50 kilovolts (kV) and 230 kV, otherwise known as transmission-level customers. These large loads are becoming more significant as data centers propagate. PG&E’s current electric rules are intended for distribution-level interconnections. As such, when a customer applies for transmission-level retail electric service, PG&E and the customer negotiate unique interconnection terms, and PG&E is required to make an “exceptional case” filing with the Commission for approval of the negotiated agreement. PG&E states that creating a uniform tariff (proposed Electric Rule 30) will streamline both the negotiation process and the approval process, resulting in faster interconnection timeline.
b. Potential Impact on Pioneer
i. New large loads, such as data centers, located in Pioneer’s service territory presents both challenges and opportunities to Pioneer. If Pioneer is going to provide generation service to these customers, it needs visibility into which ones are expected to come online in its service territory (if any) for procurement planning purposes. It will also need to have a commitment from these customers far in enough in advance for Pioneer to procure resources in advance of any compliance deadlines to serve these new loads.
c. Key Issues
i. Ensure Pioneer obtains information regarding new large loads when that information is obtained by the IOU, either before or at the time of a customer request for interconnection with the IOU’s transmission or distribution system; [Publish Date] Agenda Date: 1/15/2026

ii. Ensure the ability of Pioneer to adequately prepare to serve customers through timely access to information regarding large loads; and
iii. Support customer choice of generation providers through ensuring IOUs and CCAs compete on a level playing field.
d. Background Documents/ Key Decisions
i. PG&E Application for Approval of Electric Rule No. 30 for Transmission-Level Retail Electric Service (Nov. 21, 2024):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=547155949 ii. Joint CCA Response to Application (Dec. 23, 2024):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M549/K797/549797836.PDF iii. PG&E Motion for Interim Implementation of Rule 30 (Jan. 24, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=555445559 iv. Joint CCA Response to Motion for Interim Implementation (Feb. 10, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=556602084 v. Scoping Ruling (March 11, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=558423070 vi. D.25-07-039, partly granting PG&E’s Motion for Interim Implementation of Rule 30 (July 28, 2025):
https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M574/K875/574875643.PDF e. Status Update
i. November 21, 2025 - the Administrative Law Judge issued a Ruling suspending the procedural schedule, including Reply Briefs, which were due on November 24, 2025. f. Key Dates
i. June 20, 2025 - Intervenor Testimony
ii. August 19, 2025- Rebuttal Testimony
iii. September 22-24, 2025 - Evidentiary Heary
iv. October 24, 2025 - Opening Briefs
v. November 24, 2025 - Reply Briefs
vi. February 2026 - Proposed Decision
vii. March 2026 - Final Decision
g. Pioneer Lead: Lee Ewing
• Demand Response – R.25-09-004:
a. Proceeding Overview
i. This rulemaking will revisit and enhance the CPUC's "demand response guiding principles, policies, and data system and process requirements." In particular, the rulemaking seeks to enhance the consistency, predictability, reliability, and cost-effectiveness of demand response (DR) resources. Issues that the CPCU could address in this proceeding is dual participation of DR resources among different programs, adjustments to the DR guiding principles, and integration into other systems and process, including resource adequacy slice of day (RA SOD) and the CAISO market.
[Publish Date] Agenda Date: 1/15/2026

b. Potential Impact on Pioneer
i. Under the law, demand response and energy efficiency are the first resources that electric corporations use to meet their needs, so there is a statutory mandate to generally include it in the California resource mix. There could also be a specific impact on Pioneer's programs that fall under the umbrella of demand response, including the PowerShift Rewards program.
c. Key Issues
i. Pursue systems and processes that support timely and consistent Pioneer access to customer interval data, both billing-quality and non-billing-quality ii. Ensure Pioneer customers have equitable access to demand response resources iii. Ensure new policies or programs do not encroach on Pioneer rate and program autonomy
d. Status Update
i. November 13, 2025 - CalCCA is filing comments on the Order Instituting Rulemaking (OIR) to recommend the CPUC amend the OIR preliminary scope to include issues important to CCAs with demand response programs, including in regard to data sharing systems and making sure that CCA programs stand on equal footing with investor-owned utility programs.
ii. December 1, 2025 - CalCCA filed comments in response to the opening comments of other parties, including recommending that the Commission consider customer experience in its rulemaking.
iii. December 16, 2025 - A Prehearing Conference was held with over 25 parties in attendance. Each party, including CalCCA, gave brief remarks on scope and schedule, summarizing positions as laid out in party Opening and Reply Comments to the OIR.

Parties now await a Scoping Ruling.
iv. December 30, 2025 - The ALJ issued a Ruling requesting party comments on whether the CPUC should adopt a Staff Proposal recommending that the CAISO Flex Alert Marketing Program (Flex Alert Program) be funded for 2026. The CPUC has funded the Flex Alert Program since 2023 as part of the IOUs’ 2024-2027 DR program budgets, with an annual budget of $22 million. Given the high general awareness of Flex Alerts (93 percent of Californians) and participation when alerted (30 percent of households turned off HVAC and/or appliances in response to alerts), CPUC Staff are proposing to continue funding for program year 2026.
e. Background Documents/ Key Decisions
i. Order Instituting Rulemaking (Sept. 18, 2025) (including the Demand Response Guiding Principles Staff Report):
https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M582/K072/582072320.PDF f. Key Dates
i. Order Instituting Rulemaking (OIR) - September 29, 2025 ii. Comments on OIR - 45 days after OIR
iii. Reply comments on OIR - 60 days after OIR
iv. Prehearing Conference - 90 days after OIR
v. Scoping Memorandum - Q1 2026
[Publish Date] Agenda Date: 1/15/2026

vi. Staff Proposal (data systems and processes) - Q1 2026 vii. Staff Proposal Workshop - Q1 2026
viii. Comments on Staff Proposal - 30 days after Staff Proposal ix. Proposed Decision (data systems and processes; guiding principles) - Q3 2026 x. Commission Decision - No sooner than 30 days from PD g. Pioneer Lead: Lee Ewing
• PG&E Energy Resource Recovery Account (ERRA) Compliance and Forecast:
o 2024 ERRA Compliance – A.25-02-013:
a. Proceedings Overview
i. Generally, the ERRA Compliance proceedings review IOU accounting for its generation costs in the previous year, which includes accounting related to the Power Charge Indifference Adjustment (PCIA) and Portfolio Allocation Balancing Account (PABA). The purpose is to ensure accuracy and compliance with legal requirements, including CPUC rules and decisions.
b. Potential Impact on Pioneer
i. Although typically not as contentious as the ERRA Forecast proceedings, PG&E's applications in the ERRA Compliance proceedings often include errors or non-compliant activities which, when corrected, result in a credit to unbundled customers via the PCIA which is incorporated in the ERRA Forecast proceedings. This proceeding is also an opportunity to review PG&E's activities related to its PCIA resources, although transparency is always a challenge.
b. Key Pioneer Issues
i. Ensure qualifying facilities and contracts were prudently administered and managed, entries in balancing and memorandum accounts were recorded appropriately, correctly, and in compliance with CPUC decisions, and whether recovery for 2024 record year costs is reasonable.
c. Status Update
i. The ALJ issued a Ruling re-opened discovery in PG&E’s 2024 ERRA Compliance case and amended the schedule, pushing Evidentiary Hearings from December 4 to December 18, 2025. CalCCA had met with PG&E and Cal Advocates on re-opening discovery after the initial deadline for issuing discovery of September 10, 2025.

Originally, CalCCA filed a Motion to remove that deadline, but the ALJ denied the Motion. The discovery CalCCA seeks will answer questions that could resolve the need for Evidentiary Hearings.
d. Background Documents/ Key Decisions
i. PG&E Application (February 28, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=557607577 ii. CalCCA Protest (April 4, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=561478629 iii. Scoping Ruling (May 2, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=565140242 e. Key Dates
[Publish Date] Agenda Date: 1/15/2026

i. Intervenors' Testimony - September 15, 2025
ii. Rebuttal Testimony - October 24, 2025
iii. Evidentiary Hearing - December 2, 2025
iv. Opening Briefs - January 5, 2026
v. Reply Briefs - February 6, 2026
vi. Proposed Decision - no later than 90 days after reply briefs vii. Final Decision - no sooner than 30 days after Proposed Decision f. Pioneer Lead: Lee Ewing
o 2026 ERRA Forecast – A.25-05-011:
a. Proceedings Overview
i. ERRA Forecast Applications are filed annually by IOUs to forecast energy procurement-related revenue requirements, which includes forecast allocation of costs across Power Charge Indifference Adjustment (PCIA) vintages.
b. Potential Impact on Pioneer
i. This is the proceeding in which the PCIA revenue requirement for the following rate year (i.e., 2026 in this proceeding) is established. Parties and the CPUC arrive at the revenue requirement by reducing the costs of the PCIA resources by their value and adding any over or under-collection of the PCIA from the current rate year (i.e., 2025 in this proceeding). That revenue requirement is then assigned to customer vintages depending on the vintage of the resource to develop PCIA rates. Given all of Pioneer's customers pay PCIA rates, Pioneer's goal is to ensure that its customers are only paying the costs that we actually incurred on their behalf and receiving the full value of the PCIA resources.
a. Key Pioneer Issues
i. Ensure accuracy of forecast account balances and rates, cost calculations in workpapers, and calculation of Market Price Benchmarks (MPBs) ii. Ensure costs are attributed to the proper PCIA vintage iii. Ensure costs are attributed properly between bundled and unbundled customers iv. Ensure IOU specific proposals are appropriate for an ERRA Forecast proceeding b. Status Update
i. October 15, 2025 - PG&E submitted its October Update Testimony incorporating the PCIA MPBs that Energy Division published on October 1, 2025. The 2025 Final MPBs and the updated 2026 Forecast MPBs lead to PG&E PCIA vintage rate increases that decrease CCA headroom by approximately 50 percent for the 2018 vintage (used as a proxy for the average).
ii. November 10, 2025 - CalCCA filed Comments on PG&E’s October Update, which continue to support CalCCA’s positions on valuation of pre-2019 banked Renewable Energy Credits (RECs) and opposition to PG&E’s resource adequacy slice of day (RA SOD) proposal.
iii. November 21, 2025 - the Administrative Law Judge issued a proposed decision that would adopt Southern California Edison’s (SCE’s) RA SOD framework, rather than either of PG&E’s proposals, which CalCCA supported if there was a departure from the [Publish Date] Agenda Date: 1/15/2026

status quo. The proposed decision would also adopt PG&E’s Pre-2019 Banked REC proposal to value those RECs at zero as an interim solution. This punts the permanent decision on how to value these RECs to a future rulemaking (presumably the PCIA Rulemaking, Phase 2). CCAs will receive some PCIA rate increase relief from the adoption of SCE’s RA SOD proposal over PG&E’s proposal, however the valuation of Pre-2019 Banked RECs at zero will contribute to the large PCIA rate increases in addition to the decreased market prices and the Track 1 PCIA Decision’s methodology shift for the RA MPB.
iv. December 1, 2025 - CalCCA filed comments on the proposed decision arguing that its findings on the banked REC issue are consistent with customer indifference and past practice by PG&E. The comments also provided additional evidence of the inequitable impact of recent Commission decisions on unbundled customers. v. December 18, 2025 – the CPUC issued a Final Decision largely mirroring the Proposed Decision.
c. Background Documents/ Key Decisions
i. PG&E Application (May 15, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=566243428 ii. Scoping Ruling (June 20, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=574962660 iii. CalCCA Brief (October 24, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=585485747 d. Key Dates
i. A final decision in this proceeding is anticipated in December 2025, with implementation into rates beginning January 1, 2026.
e. Pioneer Lead: Lee Ewing
• PG&E General Rate Case (GRC) Phase 1 – A.25-05-009:
a. Proceeding Overview
i. In four-year cycles, IOUs submit GRC applications for authority to adjust rates and charges for electric and gas service based on a future test year (TY). The revenue requirements include electric and gas distribution system costs, administrative expenses, and customer service costs.
ii. In the GRC Phase 1, the CPUC establishes the IOU's overall revenue requirement, which is later allocated in rates to different customer classes in the GRC Phase 2. This includes establishing the operating and capital costs to be recovered for the IOU's transmission, distribution, and generation functions.
b. Potential Impact on Pioneer
i. The costs of PG&E's Power Charge Indifference Adjustment (PCIA) generation resources will be established here and later recovered through the PCIA rates via the ERRA Forecast proceeding.
ii. This proceeding will also establish revenue requirements for PG&E programs that could benefit customers in Pioneer's service territory, including resiliency and backup power initiatives to support areas disproportionately impacted by outages. c. Key Issues
[Publish Date] Agenda Date: 1/15/2026

i. Ensure accuracy and reasonableness of forecast costs ii. Ensure revenue requirements are properly allocated to PCIA vintages iii. Ensure costs are properly allocated across major work categories iv. Prevent unwarranted or unreasonable increases to CCA service fees d. Status Update
i. No update.
e. Background Documents/ Key Decisions
i. PG&E Phase 1 2027 Application (May 15, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=566363587 ii. PG&E Phase 1 2027 Scoping Ruling (July 31, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=575112973 f. Key Dates
i. Intervenors’ testimony - February 13, 2026
ii. Rebuttal testimony - March 31, 2026
iii. Case Management Conference
iv. Statement and Motions for Settlement - April 13, 2026 v. Evidentiary hearings - Starting April 27, 2026
vi. Opening briefs - June 19, 2026
vii. Reply briefs - July 10, 2026
viii. Proposed decision - March 2027
ix. Commission decision May - 2027
g. Pioneer Lead: Lee Ewing
• PG&E General Rate Case Phase 2 – A.24-09-014:
a. Proceeding Overview
i. In four-year cycles, IOUs submit GRC applications for authority to adjust rates and charges for electric and gas service based on a future test year (TY). The revenue requirements include electric and gas distribution system costs, administrative expenses, and customer service costs
ii. The GRC Phase 2 is focused on the design of PG&E's rates, and includes proposals for real-time pricing rates. This follows the GRC Phase 1, which determines the cost of service.
b. Potential Impact on Pioneer
i. PG&E is proposing to escalate fees for meter data management, rate ready consolidated billing fee, and bill-ready consolidated billing fee. ii. How PG&E implements RTP and how pricing and usage data is transferred to CCAs will impact CCAs' ability to implement their own dynamic pricing programs and potential implicate their compliance with the load management standards (LMS) of the California Energy Commission (CEC).
[Publish Date] Agenda Date: 1/15/2026

iii. PG&E's real-time pricing (RTP) proposal would include hourly components for each of transmission, distribution, and generation. For unbundled customers, CCAs will have the option to customize the MEC and MGCC formulas or apply a modifier. PG&E says it is working with CCAs to provide options to develop more customized dynamic generation rates; however, such customizations will need to be funded by the CCAs.

If CCAs want to use a different generation marginal RTP, they may contract with another entity to develop that price and calculate their unbundled customers’ generation bill.
c. Key Issues
i. Ensure that CCAs have access to data needed to implement dynamic rates for any CCA that chooses to do so and ensure that PG&E's implementation of dynamic rates does that impede CCA ability to comply with CEC LMS rules.
d. Status Update
i. January 1, 2026 – the ALJ issued an email ruling suspending the procedural schedule in this case considering PG&E's email to the service list on December 31, 2025, providing notice of a forthcoming errata to their testimony. The errata will address an error PG&E recently discovered in its residential rate calculation (specifically, that residential energy sales underlying the residential rate calculation are understated by approximately one percent). These errata are unlikely to impact CCA issues (service fee increases, billing interval data access, RTP rate design). e. Background Documents/ Key Decisions
i. PG&E Phase 2 2023 Application (Sept. 30, 2024):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=541493803 ii. PG&E Phase 2 2023 Scoping Ruling (Mar. 21, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=560273042 f. Key Dates
i. CalAdvocates Testimony -January 9, 2026
ii. Intervenors' Testimony - February 9, 2026
iii. Rebuttal Testimony - June 8, 2026
iv. Hearing - July 2026
v. Opening Briefs - Four weeks after Hearing
vi. Reply Briefs - Three weeks after Opening Briefs
vii. Proposed Decision - No later than 90 days after Reply Briefs viii. Final Decision - No sooner than 30 days after Proposed Decision g. Pioneer Lead: Lee Ewing
• Provider of Last Resort (POLR) – R.21-03-011:
a. Proceeding Overview
i. Track 1 of the POLR proceeding serves to determine/ update the methodology for the financial security requirement (FSR) that CCAs have to post, to ensure the IOUs (Current POLRs) have the capital to serve customers in case of an emergency mass return. Track 2 of the proceeding gauged interest from any LSEs/ IOUs who are interested in taking on the role of POLR.
[Publish Date] Agenda Date: 1/15/2026

b. Potential Impact on Pioneer
i. Pioneer would like to minimize changes to the FSR methodology that could increase it.

It's also important to stay up to date with any changes in the process/ timing of posting Pioneer’s FSR.
c. Key Issues
i. Prevent the requirement for the POLR to procure or hedge in advance of customer return
ii. Ensure modifications to the FSR are balanced and improve accuracy iii. Adjust the FSR calculation to account for risk of customer return through an unsecured credit limit
iv. Reject the adoption of PG&E’s outsized “liquidity pool” that would remove the revenue offset component of the calculation entirely
v. Ensure non-IOU LSEs are able to serve as POLR under similar rules as the IOU as POLR
d. Status Update
i. No updates.
e. Background Documents/ Key Decisions
i. Scoping Ruling (Sept. 16, 2021):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M407/K765/407765425.PDF ii. CalCCA Comments (July 5, 2022) on Ruling Requesting Comments on the FSR and Re-Entry Fee (May 2, 2022):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=490740399 iii. ED Staff Proposal (Jan. 6, 2023):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M500/K762/500762116.PDF iv. D.24-04-009 (Apr. 18, 2024) Decision Implementing SB 520 Regarding Standards for POLR:
https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M529/K986/529986322.PDF v. Phase 2 Scoping Ruling (Oct. 24, 2024):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=543727359 f. Key Dates
i. Track 2 of POLR is on pause, due to lack of substantial interest from LSEs in transferring POLR role.
g. Pioneer Lead: Lee Ewing
• CEC Load Management Standards (LMS) – CEC 21-OIR-03; 23-LMS-01:
a. Proceeding Overview
i. Docket 23-LMS-01 implements the CEC’s LMS (Calif. Code of Regulations, Title 20, sections 1621-1625), which include (among other mandates) requirements for CCAs to develop dynamic pricing by 2027. The objective of the LMS is to increase statewide demand flexibility through the development of hourly locational marginal cost-based rates. The rates will be entered into a statewide database – the MIDAS – and automation service providers will access customers’ rate information through a “Single Statewide Tool” created jointly by the IOUs, CCAs, and POUs. The statewide system of [Publish Date] Agenda Date: 1/15/2026

granular time and location dependent signals are intended to be used by automation-enabled loads to provide real-time load flexibility on the electric grid. The CEC adopted the LMS Regulations on October 12, 2022, in docket 21-OIR-03. b. Potential Impact on Pioneer
i. The LMS rules include compliance obligations for large CCAs, like Pioneer. These compliance obligations include submission of an LMS plan and to consider adopting real-time rates. Although Pioneer's public position is that the CEC does not have authority over CCA rates, Pioneer will continue to make all reasonable efforts to comply with LMS as a show of good faith cooperation with California policies regarding dynamic rates.
c. Key Issues
i. Ensure implementation of the LMS regulations is fair and equitable to CCAs, and ii. in accordance with the regulations
iii. Ensure that the CEC respects CCA autonomy in setting their own rates iv. Ensure Pioneer maintains compliance with CEC mandates and requirements d. Status Update
i. On December 3, 2025 – the CEC messaged Pioneer to confirm that its revised LMS Compliance Plan (approved by the Pioneer Board on September 18, 2025) will be presented for approval the Consent Agenda of the CEC's December 8, 2025 Business Meeting. In this message, the CEC also provided a Proposed Order on the Revised LMS Compliance Plan of Pioneer and other CCAs. The Proposed Order would approve Pioneer's Revised LMS Compliance plan based, in large part, on Pioneer's participation in PG&E's hourly flexible pricing pilot.
ii. December 8, 2025 – The CEC approved Pioneer’s revised LMS Compliance Plan. e. Background Documents/ Key Decisions
i. Load Management Standards: https://www.energy.ca.gov/programs-and-topics/topics/load-flexibility/load-management-standards ii. Pioneer Revised Load Management Standard Plan:
https://efiling.energy.ca.gov/GetDocument.aspx?tn=266073&DocumentContentId=10 3090
f. Key Dates
i. July 1, 2025: Submit at least one marginal cost-based rate or program to the Pioneer Board for approval for any customer class where such a rate will materially reduce peak load.
ii. December 8, 2025: Pioneer's Revised LMS Plan will be addressed in the Energy Commission's Business Meeting.
iii. May 8, 2026: Develop and submit to the CEC, in conjunction with the other obligated utilities, a single statewide standard tool for authorized rate data access by third parties along with the terms and conditions for use of the tool. Upon CEC approval, the tool will be live and obligated LSEs must maintain and improve the tool iv. One year after compliance plan approval (December 8, 2026) and annual thereafter:

Submit annual reports to CEC demonstrating implementation of the Plan, as approved by the Board.
[Publish Date] Agenda Date: 1/15/2026

v. July 1, 2027: Offer each Pioneer customer voluntary participation in either a marginal cost-based rate, if such rate is approved by Pioneer’s Board, or a cost-effective load flexibility program identified in 20 CCR section 1623.1(b)(3). vi. Three years after compliance plan approval (December 8, 2028) and triennially thereafter: Review the Plan at least once every 3 years after the Plan is adopted by the Pioneer board. Submit any updates of the Plan to the Board if there is a material change.
g. Pioneer Lead: Lee Ewing
• Power Charge Indifference Adjustment (PCIA) – R.25-02-005:
a. Proceeding Overview
i. This proceeding will consider the rules and processes related to the Energy Resource Recovery Account (ERRA) and PCIA, which are the mechanisms by which unbundled customers are assessed the costs for generation resources procured by the IOUs on their behalf. The Commission bifurcated the proceeding into two tracks - Track One is an expedited consideration of modifications to the market price benchmark (MPB) calculations and Track Two will be a more holistic review of potential changes to the ERRA and PCIA, potentially including, for example, sunsetting or revintaging resources, changes to Bundled Procurement Plans (BPPs), and incorporation of slice of day.
b. Potential Impact on Pioneer
i. In the recent ERRA forecast cases, the PCIA has been negative for certain vintages of unbundled customers, meaning they will see a credit on their bill for the value of IOU resources procured on their behalf. This has drawn the scrutiny of the IOUs, ratepayer advocates, and the CPUC, resulting in a reassessment of certain components of the PCIA calculation, particularly the RA MPB, which, given current high RA prices, has contributed to the negative PCIA. Changes to the Market Price Benchmarks (MPBs), and PCIA methodology in general, could result in shifting costs for IOU generation resources from bundled to unbundled customers. On the flipside, the wholistic nature of Track 2 provides an opportunity to fundamental revisit the PCIA structure and propose solutions to help limit exposure for CCAs and prevent unfair cost shifts between bundled and unbundled customers.
c. Key Issues
i. Track 1
• Revisions to the RA MPB, which is an element of the value attributed to PCIA resources.
ii. Track 2
• The issues in this Track will be determined by a forthcoming Scoping Ruling. d. Status Update
i. December 1, 2025 - the California Community Choice Association (CalCCA) filed of Writ of Review (Writ) appealing a decision by the California Public Utilities Commission (CPUC) that will result in a shift of hundreds of millions of dollars from unbundled to bundled customers via the Power Charge Indifference Adjustment (PCIA). In its Writ, CalCCA explains that the CPUC’s arbitrary decision to change the PCIA methodology and apply that change 2025 rates violates the longstanding prohibition against retroactive ratemaking, which is intended to ensure customer certainty and stability in [Publish Date] Agenda Date: 1/15/2026

rates. Before the Court of Appeals determines whether to take up the appeal, the CPUC will have an opportunity to respond to the Writ and CalCCA will reply to the CPUC response.
ii. December 26, 2025 – the ALJ issued a Ruling that proposed to focus Track 2 just on the pre-2019 banked RECs valuation issue from the 2026 ERRA Forecast case, with a decision in early fourth quarter of 2026. Track 3 would focus on broader issues with a scope established later this year. The ruling directed parties to meet and confer regarding this proposal, with a prehearing conference schedule on January 23, 2026, to discuss.
e. Background Documents/ Key Decisions
i. OIR to Update and Reform ERRA and PCIA Policies and Processes (Feb. 26, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=557860748 ii. Track 1 Scoping Ruling (Apr. 8, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=562084645 iii. D.25-06-049 adopted Track 1 RA MPB methodology changes (June 26, 2025):
https://docs.cpuc.ca.gov/SearchRes.aspx?DocFormat=ALL&DocID=571242473 f. Key Dates
i. Track one is completed at the regulatory level but could be revisited depending on the outcome of the appeal brought by CalCCA.
ii. A schedule for Track two will be established in a forthcoming Scoping Ruling, but it is expected to be a protracted proceeding that extends into 2028. g. Pioneer Lead: Lee Ewing
• Safety & Reliability OIR– R.24-05-023:
a. Proceeding Overview
i. This is a multi-track rulemaking to consider changes to policies related to safety, reliability, and resiliency of electric distribution systems. The near-term focus of this proceeding will develop processes for how the investor-owned utilities will collect and aggregate data to establish a foundation for measuring utility outages. b. Potential Impact on Pioneer
i. This proceeding is closely related to Public Safety Power Shutoff (PSPS) and Enhanced Powerline Safety Setting (EPSS) events which are of critical concern to Pioneer and its customers. Pioneer is likely to support:
• Transparency on outage causes to customers.
• Alternative approaches to reduce EPSS and PSPS events. • Protecting customers from increased costs while increasing reliability. c. Key Issues
i. The focus of the Rulemaking is to evaluate the safety, reliability, and resiliency of the electric distribution system. A major component of the rulemaking are outage events.

The IOU’s planned outages are from scheduled maintenance, PSPS, and rotating outages during heatwaves. The IOU’s unplanned outages occur due to damage to equipment, EPSS, and by first responder request. PSPS and EPSS events are of particular concern for vulnerable areas; PSPS events have seemingly reduced in recent [Publish Date] Agenda Date: 1/15/2026

years but have been replaced with EPSS events. Overall, total outages events have been increasing since 2015, while outage duration peaked in 2019, outages are now leveling out or trending downward.
d. Background Documents/ Key Decisions
i. R.18-12-005, OIR to Examine Electric Utility De-Energization of Power Lines in Dangerous Conditions, Scoping Ruling (Mar. 08, 2019):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M270/K419/270419337.PDF ii. R.18-04-019, OIR to Consider Strategies and Guidance for Climate Change Adaptation, Scoping Ruling (Oct.10, 2018):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M231/K128/231128764.PDF iii. R. 21-06-017, OIR to Modernize the Electric Grid for a High Distributed Energy Resource Future, Scoping Ruling (Nov. 15, 2021):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M422/K949/422949772.PDF e. Status Update
i. Jan 1, 2025 - The three IOUs submitted a Draft Customer Reliability Report Template.

The report proposes to submit annual reporting of safety and reliability metrics leveraging a narrative reporting format. The submission identifies new metrics to report but the draft likely requires additional clarification on terms and metrics.

Pioneer's joint party to file reply comments requesting further clarification. f. Key Dates
i. Joint IOU Report Template – Dec. 15, 2025
ii. Opening Comments – Jan. 9, 2026
iii. Reply Comments – Jan. 26, 2026
iv. Proposed Decision - No later than 90 days after final submissions v. Final Decision - No sooner than 30 days after Proposed Decision g. Pioneer Lead: Braden Henderson
• Disconnections – R.18-07-005:
a. Proceeding Overview
i. Rulemaking 18-07-005 was opened in response to Senate Bill (SB) 598 to address disconnection rates for both California’s electric and gas investor-owned utilities. SB 598 requires the commission to prohibit disconnecting service for nonpayment by a residential customer dependent on life-support equipment, who is willing to enter into an amortization agreement, and who satisfies certain other conditions. The ruling was structured to occur in two phases; the first phase for immediate solutions to reduce disconnections, while the second phase is to evaluate the first phase results and establish long term solutions.
ii. This proceeding requires the IOUs to administer two pilot programs Arrearage Management Plan (AMP) and Percentage of Income Payment Plan (PIPP). The pilot programs are reaching the end of their initial period and are being evaluated for continuation.
b. Potential Impact on Pioneer
[Publish Date] Agenda Date: 1/15/2026

i. Pioneer participated in the AMP program and we may have recommendations on how this program may be improved in the event of renewal. Pioneer likely supports programs that offer assistance to low-income customers or customers facing hardship. c. Key Issues
i. Disconnections in this proceeding are focused on the event when a utility intentionally disconnects a customer, mainly residential customer nonpayment. Disconnections due to nonpayment are a concern to regulators, service providers, and other customers because disconnections shift cost burden onto the rest of ratepayers. Programs and pilot programs are put in place to help reduce disconnections by offering assistance to customers with financial challenges.
d. Background Documents/ Key Decisions
i. SB 598 - Public Utilities: Gas and Electric Service Disconnections (Sept. 28, 2017):
https://calmatters.digitaldemocracy.org/bills/ca_201720180sb598 e. Status Update
i. December 4, 2026 - CalCCA submitted opening comments supporting the continuation of AMP and PIPP; while IOUs have submitted opening comments against renewal of the programs.
ii. December 17, 2025 - Parties have submitted reply comments. While the IOUs largely are against continuation of AMP and PIPP, the entities provide alternatives on program adjustments if continued. The parties in general support AMP more than they support PIPP.
f. Key Dates
i. Reply Comments – Dec. 5, 2025.
ii. Statutory Deadline – March 2, 2026.
g. Pioneer Lead: Braden Henderson
• High-DER Future – R.21-06-017:
a. Proceeding Overview
i. The High Distributed Energy Resource (DER) proceeding is the rulemaking in alignment with the CPUC’s Distributed Energy Resources Action Plan 2.0 which aims to leverage DER planning to help achieve California’s renewable energy targets in the 2022-2026 timeframe. The proceeding is currently conducting Track 3. b. Potential Impact on Pioneer
i. This proceeding’s issues include energization of new customers and distributed resources. Other CCAs (i.e., Redwood Coast Energy Authority) have faced some challenges with the interconnection of loads in their service territory, however DER interconnection may not be a priority concern for Pioneer at the moment. ii. This proceeding is actively evaluating impacts to the distribution grid for increased electric loads from emerging technology such as electric vehicles. In parallel demand response policy and changes to time-of-use (TOU) rates from shifted loads may be of concern to Pioneer.
c. Key Issues
[Publish Date] Agenda Date: 1/15/2026

i. For track three, the main priorities are grid modernization investments in the near term, the implementation of smart inverters to utilize advanced functionalities for grid services, and the better alignment of planned infrastructure investments with utility distribution planning. Overall, this effort seeks to plan for high penetration of DERs and electrification to drive down costs over time.
d. Background Documents/ Key Decisions
i. R. 14-08-013 – OIR Regarding Policies, Procedures and Rules for Development of Distribution Resources Plans, Scoping Ruling (Jan. 26, 2016):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M157/K902/157902794.PDF e. Status Update
i. Jan 5, 2025 - CalCCA is submitted comments in response to the IOU’s electrification studies to emphasize that the IOUs should reevaluate their assumptions and prepare updated analysis that reflects realistic use of demand flexibility programs. Included in this is also recommending the IOUs roll out pilot programs to better understand realistic adoption rates; PG&E agreed with CalCCA on this topic in their reply comments.
f. Key Dates
i. Comments – Jan. 2, 2025
ii. All Party Meeting/Workshop - Early January of 2026
iii. Issuance of Assigned Commissioner Proposal – Quarter 2 of 2026 iv. Proposed Decision on Track 3 – Quarter 3 of 2026
g. Pioneer Lead: Braden Henderson
• Distributed Energy Resources – R.22-11-013:
a. Proceeding Overview
i. The Commission issued OIR 22-11-013 to achieve consistency of cost effectiveness assessments, improve data access and use, and consider equipment performance standards for DER customer programs.
b. Potential Impact on Pioneer
i. The CPUC uses the Avoided Cost Calculator (ACC) to determine the primary benefits of DER across Commission proceedings. Pioneer may be inclined to follow this proceeding as the ACC calculates various costs related to items such as generation capacity, energy, and RPSs that may have an impact on electricity rates, portfolio planning, or DER program administration.
c. Key Issues
i. Currently in Phase I, the proceeding covers DER program cost-effectiveness issues, data access and use, and equipment performance standards. All of the latest updates and decisions related to the ACC fall under this proceeding. d. Background Documents/ Key Decisions
i. R.14-10-003 OIR to Create a Consistent Regulatory Framework for the Guidance, Planning and Evaluation of Integrated Distributed Energy Resources, Scoping Ruling (Jan. 5, 2015):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M143/K990/143990275.PDF [Publish Date] Agenda Date: 1/15/2026

e. Status Update
i. No update.
f. Key Dates
i. ACC Update Staff Proposal Published - Late March of 2026 ii. Opening Comments - Late April of 2026
iii. Reply Comments Late - April of 2026
iv. Proposed Decision Adopted - Late July of 2026
g. Pioneer Lead: Braden Henderson
• Distributed Energy Resource Interconnections (Rule 21) – R.25-08-004:
a. Proceeding Overview
i. The purpose of this proceeding is to update and improve Rule 21 and associated interconnection procedures concerning the safety and reliability of the electric grid as distributed technologies continue to evolve, promote greater transparency and certainty around interconnection processes, and to contain costs for all ratepayers that use the electric grid.
b. Potential Impact on Pioneer
i. This topic is largely geared towards utilities managing transmission and distribution infrastructure, technology developers, and project developers. Pioneer likely does not have a direct stake in the outcome but may have interest in policy that accelerates its customer’s ability to install backup power systems if the policy does not increase costs to the general ratepayer.
c. Key Issues
i. The primary issue discussed in Rule 21 has been related to Screen Q, costs for interconnection studies, and timeline for interconnection applications. Most stakeholders agree that Screen Q is ineffective as almost all larger projects fail Screen Q and are then required to conduct lengthy and costly interconnection studies.

Technology developers are in favor of having a faster and less costly process for interconnecting non-export DER technologies such as backup battery systems. d. Background Documents/ Key Decisions
i. R.11-09-011 – OIR to Improve Distribution Level Interconnection Rules and Regulations, Scoping Ruling (Jun. 20, 2012):
https://docs.cpuc.ca.gov/PublishedDocs/EFILE/RULC/169188.PDF ii. R.17-07-007 – OIR Streamlining Interconnection of Distributed Energy Resources and Improvements to Rule 21, Scoping Ruling (Oct. 2, 2027):
https://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M196/K476/196476255.PDF e. Status Update
i. No Update.
f. Key Dates
i. Comments Filed – Nov. 10, 2025
ii. Reply Comments - 20 days from issuance of OIR
iii. Prehearing Conference - Within 30 days after reply comments filed [Publish Date] Agenda Date: 1/15/2026

iv. Scoping Memo - Within 60 days after reply comments filed g. Pioneer Lead: Braden Henderson
1 Attachment 3: Communications, Outreach, and Customer Care Updates Date: 1/15/2026
NOTABLE ACHIEVEMENTS – DECEMBER 2025
• Sponsorship of holiday activities in member communities provided increased visibility and opportunities for community engagement. • The December 5 sponsorship of the El Dorado Hill Community Service District Gilmore Center senior luncheon provided a well-received opportunity to connect with historically hard-to-reach customers. • Giveaways like outlet insulators and filter whistles are a big hit with customers – offering tangible ways for them to save money through energy efficiency and demonstrating that Pioneer is hears their concerns about affordability.
• Expansion efforts were successfully completed with the December 23 filing of an amended Implementation Plan and Statement of Intent with the California Public Utilities Commission. The plan outlines details for the addition of Colusa County and the Cites of Colusa and Williams to Pioneer’s service area.

WEBSITE
December saw a slight increase in page views (17,781 in December compared to 13,801 in November), with most users coming directly to our website and the most traffic toward the end of the month (likely due to the required mailing of the Power Content Label). Top five pages viewed:

1. Home

2. Residential rates

3. PowerShift Rewards

4. Residential Programs

5. Meetings and Agendas
Staff is making backend updates to the website to improve efficiency and ensure that images and pages are appearing correctly for both desktop and mobile users. Additionally, staff is reviewing best practices to ensure the Pioneer website remains current and “fresh” in its appearance.

PIONEER IN THE COMMUNITY
Events, sponsorships, public presentations, and program support included:

Holiday Sponsorships:
• Rocklin Chamber of Commerce Tree Lighting
• Auburn Chamber Old Town Parade
• Lincoln Chamber Tree Lighting
• Colfax Winterfest
• Nevada City Victorian Christmas
• Grass Valley Cornish Christmas
Community Outreach
• PG&E Fourth Quarter North Valley & Sierra Regional Working Group meeting • Regional Economic Development Stakeholders Meeting - Placer County • Top 75 C&I Customers outreach with holiday message
• Holiday cards sent to key community contacts and stakeholders

• City of Lincoln/PCTPA meeting
• Rocklin Chamber Sunrise Meeting
• Rocklin Chamber of Commerce Board of Directors meeting • Oroville Community Economic Development Commission (OCEDC) Biomass meeting • El Dorado County Chamber of Commerce lunch meeting
• El Dorado Hills Community Service District Senior Luncheon Sponsors Expansion
• City of Williams City Council Meeting, 2nd Reading
• Colusa County Board of Supervisors 2nd Reading
• File CPUC Implementation Plan for Colusa County, and cities of Williams and Colusa • Presentation to Madera County Board of Supervisors
Programs
• Community Advisory Committee meeting
• Clean Fleet Program follow up with member agencies

SOCIAL MEDIA
December consistently is saturated with news about Pioneer’s community involvement, with an emphasis on sponsorship posts.
• Engagement efforts with our partners/members continue, tagging them in posts and promoting their holiday events
• Posts with photos of staff and familiar images in our service territory performed better than general stock images
Top performing posts:

Instagram:

Grass Valley Cornish Christmas
sponsorship
o 24% engagement
Facebook:

Happy Holidays from Team Pioneer
o 15% engagement (avg 6%)
Facebook:

EDH senior center luncheon sponsorship
o 16% engagement

CUSTOMER CARE
Chatbot
• Total of 176 interactions

• 58 live conversations (up 12% from November)
• Rating of 5/5 in satisfaction surveys
Call Center
• 305 total (up 28% from November)
o Billing Inquiry was the most frequent topic at 15.89%, and NEM was the second most frequent at 10.93%.
• 64 surveys completed with a 95.3% satisfaction rate
There were 5 re-enrollments in December.

SNAPSHOT: 2025 BY THE NUMBERS
$145 million Cumulative savings since 2018
$ 37 million Estimated savings for 2025
$ 64 million Dollars reinvested into the communities Pioneer serves since 2018

1.8 million Megawatt hours of energy served during 2025 359,000 Number of page views to the Pioneer website in 2025 99,508 Number of unique visitors to the Pioneer website in 2025 176,186 Number of meters served to roughly 170,000 at the end of 2025 (some customers have multiple meters)
44,011 Number of solar customers
12,420 Number of NEM or SBP customers that received cash-out or bill credit in 2025
$ 5 million Amount paid for surplus generation since 2018 140 Number of events Pioneer participated in during 2025 8 Number of active programs in 2025
4,375 Number of customers participating in Pioneer programs 24,572 Number of units sold through LED Discount Lighting program in 2025 256 Number of local contractors participating in various Pioneer programs 63 Number of “Savings Tip Tuesday” social media posts.
(This weekly Facebook and Instagram feature has become an online customer favorite.)
5,806 Number of calls managed by the Customer Care team in 2025 984 Number of live Chatbot conversations in 2025

4.6 out of 5 Average customer satisfaction rating

4.1 out of 5 Average Google star rating, making Pioneer the top-rated CCA with 123 reviews. (Pioneer had a 2.3-star rating and 40 reviews on 12/31/2024.) 42 Percentage reduction in year-to-year opt-outs from 2024-2025

Attachment 4: Program Updates
Date: 1/15/2026
GridGen
• Total of 276 leads (not all leads follow through on system installation) • 98 active projects in the pipeline, working with both Tesla and channel partners • 34 projects achieved permission to operate (PTO) (averaging seven additional project PTOs per month since August)
• 383.49 kW of solar capacity installed through the GridGen program through November 2025 • 136,302.26 kWh of clean energy generated through the GridGen program through October 2025 • 29 contractors participating in the GridGen program
GridGen CARE
• 14 signed contracts
• 48 actively engaged customers
PowerShift Rewards
• 2,248 customers enrolled through the end of the 2025 season • 4.0 MWh of energy reduction during the 2025 season
• 1.3 MW of load shed during the 2025 season
AC Tune-Up Rebate
• 2,066 customers participated in 2025
• 227 contractors promoted the AC Tune-Up Rebate program in 2025 • 2026 season resumes in April
• Interest in expanding to C&I customers
LED Discount Lighting
• 28 local retailers are currently participating
• FY 2024-25: 61,364 units distributed
• FY 2025-26 to date: 24,572 units of inventory sold
• The program is very popular with customers, with considerable positive feedback received at community events and customer care field days
Ice Energy
• More than 200 site visits have been conducted
• Site surveys at 33 locations
Incentive Finder
• Soft launch on December 1, 2025
• Full marketing campaign initiated in January 2026
Clean Fleet Revenue
• Participating members include Rocklin and Nevada City; the City of Auburn is pending Solar Renewable Energy Credits (RECs)
• Approved at the December 18, 2025, meeting
• Staff met with the County of Placer and the City of Lincoln • Extensive member outreach was initiated in early January 2026 • Following outreach to members, staff will reach out to additional eligible entities (e.g. Special Districts, School Districts, etc.) to gauge interest
Agenda Item: XX Agenda Date: 1/15/2026

Hourly Flex Pricing Pilot (credits for energy conservation for Ag customers) • Two customers enrolled in the program (19 meters/accounts) • The program is administered by PG&E
• The application period remains open
Community Advisory Committee
• Last met on December 17, 2025
• Discussed biomass, BioMAT, program updates, small modular reactors (nuclear power generation), projected rates implications for 2026, and other matters of general interest to committee members • Continued support for and interest in developing and implementing additional programs, specifically related to EVs, EVS charging infrastructure, and Demand Response programs • Next meeting is February 25, with plans to discuss specific options for an actionable program options FY 2025-2027 Strategic Plan
Quarterly Progress Report
CEO Report
January 15, 2026
Introduction
• The plan was adopted in September 2024
• Five (5) Strategic Goals to support the
Mission and Vision

1. Be a Community Partner

2. Be Fiscally Strong & Resilient

3. Provide Exceptional Customer Service

4. Achieve Operational Optimization

5. Be a Great Place to Work
• Quarterly report focuses on progress the
past quarter with a snapshot of progress life-to-date
Summary
Community
Partner
Fiscally
Strong &
Resilient
Exceptional
Customer
Service
100
Operational
Optimization
Great Place to
Work
Overall
Be a Community Partner
• End 2025 with approximately 50%
improvement in number of opt-outs compared
to 2024 and with the highest customer account
in our history
• End 2025 with nearly 5,000 customers enrolled
in one of our programs and expanded the
programs offerings
• Partnered with Calpine to distribute $65,000 of
grant funding to 501c3 organizations in our
territory including $25,000 to Feeding the
Foothills
Be Fiscally Strong & Resilient
• Expanded line of credit from $30 million to
$50 million and expanded scope to include
$20 million available for working capital
• Filed implementation plan to include the Cities
of Colusa and Williams and the County of
Colusa for October 2027 service
• End 2025 with 270 expense coverage days
Provide Exceptional Customer
Service
• Achieved an average rating of 4.1 stars on
Google Reviews and rank #1 amongst CCAs
in both rating and number of reviews
• End 2025 with average discount to PG&E’s
Generation Rate of 10% with projected
savings of $37 million.
• Conducted on-site workshops and webinars
to help our customers partake in our
programs and understand their utility bills
Achieve Operational
Optimization
• End 2025 with $2.7 million in revenues due
to optimization of battery resources
associated with solar
• End 2025 with six BioMAT Power Purchase
Agreements near completion
• End 2025 with $2 billion value of Power
Purchase Agreements
Be a Great Place to Work
• Board adopted recommendations from
triennial compensation study
• End 2025 with twenty-four of twenty-six
positions filled
• Celebrated the staff with a holiday event
• Pursuing “Great Place to Work” certification
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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.