Redwood Coast Energy Authority Board of Directors
July 23, 2026

Board of Directors Regular Meeting Agenda
Wharfinger Building, Bay Room (downstairs)
1 Marina Way, Eureka, CA 95501
Thursday, July 23 2026
3:30 PM
Meeting Information
Meeting Reports and Comments
Pursuant to Government Code section 54957.5, all writings or documents relating to any item on this agenda which have been provided to a majority of the Board, including those received less than 72 hours prior to the Board’s meeting, will be made available to the public at redwoodenergy.org.

Speakers wishing to distribute materials to the Board at the meeting must provide 13 copies to the Board Clerk.

How to Participate
This is a hybrid in-person and virtual meeting. When technical difficulties arise that prevent members of the public from offering comments, or if broadcasting is disrupted due to matters out of RCEA’s control, this meeting will be discontinued unless otherwise allowed by law.

To participate in the meeting online, go to https://us02web.zoom.us/j/81972368051.

To participate by phone, call (669) 900-6833 or (253) 215-8782. Enter webinar ID: 819 7236 8051.

To speak during the public comment periods, raise your hand in the online Zoom webinar, or press star (*) 9 on your phone to raise your hand. Staff will ask you to unmute your phone or computer when it is your turn. You will have 3 minutes to speak.

Email written comments to [email protected]. Identify the agenda item number in the subject line. Comments will be included in the meeting record but not read aloud during the meeting.

Accessibility
Need help with accessibility? Any member of the public needing special accommodation to participate in this meeting or access the meeting materials should email [email protected] or call (707) 269-1700 at least 3 business days before the meeting. Assistive listening devices are available. 1 July 23, 2026
RCEA Board of Directors Meeting Agenda
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Open Session (Call to Order)

1. Roll Call | Remote Director Participation

1.1. Brown Act Teleconference Participation Rules

2. Reports from Member Entities

3. Oral & Written Communications
This time is provided for people to address the Board or submit written communications on matters not on the agenda. At the conclusion of all oral communications, the Board may respond to statements. Any request that requires Board action will be set by the Board for a future agenda or referred to staff.

4. Staff Reports

4.1. Executive Director’s Report

5. Consent Calendar
All matters in the Consent Calendar section are considered routine by the Board and are enacted in one motion. There is no separate discussion of any of these items; if discussion is required, that item is removed from the Consent Calendar and considered separately. At the end of the reading of the Consent Calendar, Board members or members of the public can request that an item be removed for separate discussion.

5.1. Approve Minutes of June 25, 2026, Board Meeting.

5.2. Approve Disbursement Reports for May 2026, and Financial Reports for this Fiscal Year through May 2026.

5.3. Adopt Resolution 2026-6 Adopting an Amended Conflict of Interest Code Due to Changed Board Membership and Agency Reorganization and Authorize the Board Clerk to Submit the Amended Conflict of Interest Code to the Humboldt County Board of Supervisors as the Code Reviewing Body.

5.4. Adopt Resolution 2026-7 Approving the Form of and Authorizing the Execution of the Paradigm Wind Power Purchase Agreement with Paradigm Energy LLC.

5.5. Approve Submission of RCEA’s 2026 Integrated Resource Plan Filing to the CPUC Consistent with Attachment 1, Draft 2026 Integrated Resource Plan Narrative.

5.6. Approve NREN Payment of $133,938.57 to County of Ventura/Tri-County Regional Energy Network to Fund CivicWell and the California Climate and Energy Collaborative Forum, and Authorize the Executive Director to Execute All Applicable Documents.

6. Items Removed from Consent Calendar
Items removed from the Consent Calendar section will be heard under this section.

Community Choice Energy (CCE) Business
Items under this section of the agenda relate to CCE-specific business matters that fall under RCEA’s CCE voting provisions, with only CCE-participating jurisdictions voting on these matters with weighted voting as established in the RCEA joint powers agreement.
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RCEA Board of Directors Meeting Agenda
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7. Old CCE Business – None.

8. New CCE Business

8.1. Rate Change for Maintaining Financial Stability and Customer Affordability Adopt Resolution 2026-9 Adopting a Rate Strategy to Maintain $26,000,000 in Cash Reserves for Fiscal Soundness.

8.2. California 2026 Summer Market Conditions Readiness Assessment Accept 2026 California Summer Market Conditions Assessment.

End of CCE Business | Resume RCEA Board Business

9. Old Business

9.1. General Counsel Recruitment and Salary Schedule Update Adopt the updated salary schedule, adding the General Counsel position.

Solicit Board of Director volunteers for an ad hoc General Counsel recruitment subcommittee and authorize the ad hoc subcommittee to meet and communicate on behalf of the Board with the recruitment firm.

9.2. RCEA Fiscal Year 2026-2027 Budget Adjustment
Adopt Amended RCEA Fiscal Year 2026-2027 Amended Budget.

10. New Business – None.

11. Future Agenda Items
Any request that requires Board action will be set by the Board for a future agenda or referred to staff.

12. Adjournment
Next Regular Meeting
Thursday, August 27, 2026 | 3:30 PM
Wharfinger Building Bay Room (downstairs), 1 Marina Way, Eureka, CA 95501 Online and phone participation is available via Zoom.
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Staff Report
Agenda Item # 1.1
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Eileen Verbeck, Deputy Executive Director
Subject Revised Member Teleconference Participation Rules Background
When emergency Brown Act meeting law changes went into effect in 2020 due to the COVID-19 public health emergency, the RCEA Board of Directors, Community Advisory Committee (CAC) and the subcommittees of those bodies met online via teleconference using the Zoom platform with no physical, public meeting location. Since the pandemic, the Brown Act has been amended to codify modern teleconference meeting practices both during and outside of declared states of emergency. SB 707 (Durazo, 2025) sets out the latest Brown Act revisions which were signed into law on October 3, 3025.

Summary
RCEA Board Directors may attend up to two meetings per year from a remote location without making the location accessible to the public for the following, revised, “just cause” reasons:

1. Childcare or caregiving to child, parent, grandparent, grandchild, sibling, spouse, domestic partner;

2. Contagious illness that prevents in person attendance;

3. Mental or physical need not subject to reasonable accommodation provisions;

4. Travel while on official business of RCEA or another state or local agency;

5. Immunocompromised child, parent, grandparent, grandchild, sibling, spouse, or domestic partner that requires remote participation;

6. Physical or family medical emergency; or

7. Military service obligations.

A vote is not necessary to request remote attendance for just cause, including for medical emergency remote attendance per SB 707 revisions. A brief description, protecting the Director’s (or family member’s) medical privacy, must be provided and the Director must publicly disclose whether anyone 18 years of age or older is present in the room at the remote location, and the general nature of the individual’s relationship with the Director.

At a future meeting, staff will recommend Board adoption of a revised Teleconferencing Policy capturing the latest Brown Act revisions and provide the Board an opportunity to pass a resolution enabling remote meeting participation for members who must travel at least 20 miles to the Wharfinger Building. 5

Staff Recommendation
None. Information only.

Required Distribution Information
The Revised Ralph M. Brown Act
Link to California Government Code Sections 54950 - 549631, revised October 3, 2025, by SB 707 (Durazo, 2025).

Redwood Coast Energy Authority List of Physical Meeting Locations Body Date Time Location
Board of Directors 4th Thursday of each
month 3:30 p.m. Wharfinger Building, 1 Marina Way, Eureka, CA 95501 Community Advisory
Committee
2nd Tuesday of odd-numbered months 6 p.m.

Jefferson Community Center
Auditorium, 1000 B Street, Eureka,
CA 95501
Finance Committee As needed, dates TBD TBD RCEA Offices, 633 Third Street, Eureka, CA 95501
1 The Revised Ralph M. Brown Act, California Code, GOV 54950.5 - 54963:
https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=GOV&division=2.&title=5.&part=1.&chapt er=9.&article=
6

Staff Report
Agenda Item # 4.1
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Elizabeth Burks, Executive Director
Subject Executive Directors’ Report
Summary
Executive Director Elizabeth Burks will provide updates on topics as needed.

RCEA Updates
June Call Log Summary
In June 2026, there were 234 customer interactions (13 emails, 13 lobby walk ins, and 208 incoming phone calls).

The top categories for phone calls were:
• NEM Cash Out Request & Inquiry: 112
• General Billing Inquiries & Collections: 50
• Rebate & Customer Programs Inquiry: 22
Net Energy Metering Cash Out Request & Inquiry was the top category in June. This year RCEA introduced a new payment platform with a third party partner, Choice Digital, with the goal of improved processing times and payment options for the annual NEM Cash Out. As a result, RCEA staff experienced a significant increase in customer calls and emails from individuals seeking assistance with navigating the new process.

Opt Outs: There were a total of 9 opt outs in June.

Opt Ups: Three customers chose to opt up to REpower+
NREN Update
Last month, the RCEA Northern Rural Energy Network team completed 8 home energy assessments, gave out 50 efficiency kits, and paid out $18,065 in rebates to Humboldt County customers.

In 2026 so far, the RCEA NREN team completed 42 home energy assessments, gave out 135 efficiency kits, and paid out $72,120 in rebates to Humboldt County customers.

In 2026, across the 17 NREN counties, NREN completed 124 home energy assessments, gave out 836 efficiency kits, and paid out $122,400 in rebates to customers. 7

NREN Partner
Rebates Efficiency Kits Energy Assessments
June YTD June YTD June YTD
RCEA $18,065 $72,120 50 135 8 42
LAPC $2,200 $4,723 148 297 3 26
MCOG $1,309 $6,403 28 81 2 16
SBC $4,320 $39,154 78 323 2 40
Total $25,894 $122,400 304 836 15 124
Federal Policy
In addition to the items in the attached June Federal Activity Report attachment, on June 10, the Trump administration voluntarily dismissed its Supreme Court appeal defending the executive action banning offshore wind leasing, effectively overturning the ban. RCEA, MCE, and CleanPowerSF, alongside various environmental organizations, had submitted an Amicus Brief on the issue at a lower court.

Staff Recommendation
None. Information only.

Attachments

1. Community Outreach Events Summary

2. LEAN/Community Choice Energy Alliance Federal Activity Report - June 2026 8 In August, we’ll staff the Friday Night Market
in Arcata, Blue Lake Rancheria Youth
Connect Conference, Annie & Mary Day,
Humboldt County Fair, Wiyot Day, Loleta
Community Resource Center and Yurok Tribe
Salmon Festival.

We participated in a variety of community
events, including the McKinleyville Chamber
of Commerce’s Music in the Park, Arcata
Farmer’s Market and Friday Night Market.

Attendees appreciated us being there and
providing resource information and handouts.

Events Next Month
Redwood Coast
Energy Authority –
Community Outreach
& Events Summary
July 2026

AT A GLANCE
Each month, RCEA connects with community
members across Humboldt County through
events, presentations, and outreach efforts that
build awareness of our programs and services.

This summary provides a snapshot of our
outreach reach, engagement highlights, and
upcoming opportunities to connect with the
community.
9 CCA Federal Affairs Monthly Report
June 2026
By Community Choice Energy Alliance
Download PDF Version
Executive Summary
Congress began June by actively pursuing various policy priorities before legislative activities stalled at the end of the month. Both chambers began the month by passing the “Reconciliation

2.0” bill, which President Trump signed into law, and conversations continued over a potential “Reconciliation 3.0.” The House and Senate Armed Services Committees passed their respective versions of the FY27 National Defense Authorization Act. Closed-door permitting reform negotiations are continuing, and lead negotiators spoke at news outlet Politico’s Energy Summit, providing insight into the current state of deliberations. Energy Committees likewise remained active, particularly as the Energy and Commerce Subcommittee on Energy advanced a set of data center and grid improvement bills. Congress entered Independence Day recess early, as Republican infighting over an election security bill stalled legislative activity on the floor.

Also, this month, the Federal Energy Regulatory Commission released its long-awaited plan for speeding large load Interconnections. Finally, the courts remained active, as a district court struck down guidance that restricted solar and wind tax credit availability. The Supreme Court released the final decisions of its term, including a decision to expand presidential power of independent agency heads.

CCEA FEDERAL ADVOCACY HIGHLIGHTS
10 In June, CCEA elevated the profile of Community Choice Aggregation (CCA) through two federal advocacy opportunities, engaging directly with Members of Congress, congressional staff, and clean energy industry leaders.

First, CCEA participated in the third annual Sustainable Energy and Environment Coalition (SEEC) Institute Solutions Summit on June 23 in Washington, D.C. Through Member-led breakout sessions and a fireside chat with House Democratic Leader Hakeem Jeffries, CCEA helped advance meaningful conversations on clean energy policy. Throughout the Summit, CCEA raised awareness and provided examples of the CCA model, demonstrating how it delivers affordable, reliable, and clean electricity while empowering communities to shape their own energy future. CCEA's engagement at the Summit helps ensure that CCA is part of the policy discussions informing future energy legislation in Congress.

Second, Claire Dépit-Strömbäck, CCEA's Director of Public Policy, served as a panelist at the Environmental and Energy Study Institute's (EESI) 29th Annual Congressional Energy EXPO held in Washington D.C, on June 24. During the "Lowering Household Energy Bills" panel, Claire highlighted how CCA can help reduce energy costs, accelerate clean energy deployment, and keep energy decision-making in local hands. Her participation reinforced CCEA's role as a leading voice on community-driven energy policy before an audience of congressional staff, policymakers, and industry stakeholders.

For more information and pictures from the two events, follow CCEA on LinkedIn.

ADMINISTRATION ACTIONS

1. President Trump Signs Reconciliation 2.0 Bill; Talks on Potential

3.0 Bill Ongoing
On June 10, President Trump signed the roughly $70 billion party-line reconciliation bill to fund immigration enforcement activities through 2029. This comes a day after the House voted to pass the bill. Although President Trump had set a June 1 deadline for the package, the Senate did not pass the bill until June 5 due to disagreements among Senate Republicans over the controversial “anti-weaponization” fund. Even before this reconciliation bill was signed into law, some congressional Republicans had already begun discussing a potential third reconciliation package that could include defense, fraud, and affordability issues. However, several members of Congress remain skeptical that “Reconciliation 3.0” will happen, including Sens. Mitch McConnell (R-KY) and Susan Collins (R-ME) who such at an Appropriations Subcommittee hearing on June 9.

2. FERC Takes Action on Large Load Interconnection
The Federal Energy Regulatory Commission (FERC)took action on large load interconnection to the transmission system at its monthly meeting on June 18. Rather than issuing a final rulepursuant tothe proposal sent by Energy Secretary Wright last October or assertingjurisdictionover direct connections- for which CCEA had advocated against and was successful-the Commissionissued several “show cause” orders under Sec. 206 of the Federal Power Act, finding that the nation’s six regional transmission organizations and independent system operators tariffs are unjust and unreasonable because they fail to timely and fairly integrate large loads into the transmission system. Transmission owners are directed to adopt clear rules for large load integration, ensure adequate safeguards to protect against cost shifting (including transparency on network upgrades), clear rules on co-location, services for large load flexibility, and study procedures to prevent the unnecessary buildout of transmission.

The Southwest Power Pool’s High Impact Large Load Generation Assessment (HILLGA) 11 framework was held up as an example. Commissioner Rosner organized the reforms into the four “pillars:” protecting consumers, enhancing transparency, safeguarding reliability, and fostering innovation.

CONGRESSIONAL UPDATES

3. Negotiators Discuss State of Permitting Reform at Energy Summit On June 10, at thePOLITICO Energy Summit, several top policymakers and administration officials discussed the future of permitting reform and provided insight into ongoing negotiations. Senate Environment and Public Works Committee Chair Shelley Moore Capito (R-WV) and Ranking Member Sheldon Whitehouse (D-RI) both expressed concerns with reaching a deal this year. Sen. Capito argued that there is a coalition of numerous industries supporting permitting reform because of attacks on both clean energy and fossil fuel projects from the current and past administrations. However, Sen. Capito also stated she has worked to convince President Trump to “tamp down” his moves against clean energy projects because it could cost them this opportunity to pass comprehensive permitting reform. Sen. Whitehouse blamed the Trump administration for the challenges of reaching a permitting reform deal and stated that more renewable projects will have to move forward before Democrats are comfortable supporting a deal. House Energy and Commerce CommitteeChair Brett Guthrie (R-KY) also attended the summit and stated that he wouldn’t support transmission reform that would take authorities from state and local officials. Administration officials also spoke at the summit, including Federal Energy Regulatory Commission Chair Laura Swett, who emphasized the need for more predictability in permitting, and stated that transmission and interconnection queues are the current bottlenecks in adding generation infrastructure to the grid.

4. House and Senate Advance NDAABills
TheHouseArmed ServicesCommittee advanced itsFY27National Defense Authorization Act(NDAA) on June 4, which authorizes $1.15 trillion in discretionary funding for the Department of War (DOW). The bill would prohibit the purchase of solar panels, modules, or inverters from foreign entities of concern and authorizes over $615 million for projects at DOW sites under the Energy Resilience and Conservation Investment Program. The bill was initially expected to be considered by the fullHouse during theweek of June 29, however, Republican infighting over an election security bill led to theHouse entering recess before a vote was held. It is unclear when theHouse will resume consideration of itsNDAA.

The SenateArmed Services Committee likewise advanced its version of the FY27NDAA, which authorizes $1.14 trillion in defense spending. Of note, the committee alsoaccepted an amendmentfrom Sen. Angus King (I-ME)that seeks toexpedite theDOW’sSiting Clearinghouse review process, following reports that the department has stalled onshore wind permitting by not completing its national security reviews. The NDAA is deemed “must-pass” legislation, making it an attractive vehicle for policy priorities.

5. Energy and Commerce Subcommittee Holds Transmission Reform Hearing
12 On June 24, the House Energy and Commerce Committee Subcommittee on Energy advanced eight energy affordability and grid improvement bills by voice vote. Included in this markup was the “Ratepayer Protection Act” (H.R. 9340), which seeks to codify President Trump’s Ratepayer Protection Pledge and ensure data centers pay for new generation and transmission upgrades they require. Notably, during discussion of H.R. 9340, Energy and Commerce Committee Ranking Member Frank Pallone (D-NJ) announced his support for imposing a nationwide moratorium on new data centers, arguing that the bills under consideration were not strong enough to confront the energy needs and environmental impacts of data centers. Energy Subcommittee Ranking Member Kathy Castor (D-FL) stated she did not support a moratorium, highlighting the divides among Democrats in confronting data centers.

JUDICIAL ACTIONS

6. Supreme Court Extends Presidential Authority Over Independent Agencies
On June 29, theSupreme Court ruled 6-3 to grant President Trump expanded powers to fire the heads of multimember federal agencies, without citing a particular cause. The case,Trump v.

Slaughter, dealt with President Trump’s decision to fire Rebecca Slaughter from the Federal Trade Commission (FTC) and reversed the 1935 decision inHumphrey’s Executor v. United States. In the majority opinion, Chief Justice John Roberts wrote, “subordinates who exercise the President's power are subject to removal by him.” In the case of FTC, Chief Justice Roberts stated that since the agency exercises executive power, it must be controlled by the president. In the minority opinion, Justice Sonia Sotomayor argued that the ruling would give the president significant power over independent commissions such as the Federal Energy Regulatory Commission (FERC) and the Nuclear Regulatory Commission. While the decision has the potential to increase political pressure independent agencies face, the ruling does not explicitly end FERC’s for-cause protections against removal.

7. Court Strikes Down IRS Guidance on Solar and Wind Tax Credits On June 6, aU.S. District Court struck down Internal Revenue Service (IRS) guidance that restricted the availability of tax credits for solar and wind projects. As part of the One Big Beautiful Bill Act’s effort to accelerate the phasedown of solar and wind energy tax credits, the bill requires projects to begin construction by July 4, 2026, or be placed in service by the end of 2027. In Aug. 2025, the IRS issued guidance requiring projects to satisfy the “beginning of construction” requirement through only the Physical Work Test—performing physical work of a significant nature—and eliminated the previously accepted Five Percent Safe Harbor, under which projects could qualify by paying or incurring at least five percent of the facility’s qualifying construction costs. Judge Colleen Kollar-Kotelly struck down this new guidance, writing that the IRS acted “arbitrarily and capriciously” in eliminatingthe 5 percent safe harbor test andfailed toproperly explain its decision to change course. While the court’s decision is a win for renewable energy developers, it will likely have limited impactdue to the short time remainingbefore the July 4deadline to get projects under construction.

Additional Resources
Log in to CCEA's Members-Only Portal to access:
13 A detailed Members Directory
Federal Policy Committee documents and materials (log in to read all weekly and monthly reports, policy briefs, and additional resources)
CCEA’s curated national CCA database (for Terawatt members only) Community Choice Energy Alliance Partners with Meguire Whitney to Advance Federal Policy and Advocacy for CCAs
Visit our Website
Community Choice Energy Alliance | 2108 N ST # 8586 | Sacramento, CA 95816 US Unsubscribe | Update Profile | Constant Contact Data Notice 14 Board of Directors Draft Meeting Minutes
Wharfinger Building, Bay Room (downstairs)
1 Marina Way, Eureka, CA 95501
Thursday, June 25 2026
3:30 PM
Attendance
Present
Natalie Arroyo (Alt. Director) Meredith Matthews (Alt. Director) Scott Bauer (arrived 3:40 p.m.) Elise Scafani
Carlos Diaz Jack Tuttle
Michael Gerace, Chair Frank Wilson
Skip Jorgensen
Absent
Jason Ramos
Staff and Others Present
Name Title
Ken Beals Information Technology Technician
Lori Biondini Business Planning & Finance Director
Douglas Bird Chapman & Cutler, LLP
Elizabeth Burks Executive Director
Faith Carlson Regulatory & Legislative Manager
Nancy Diamond RCEA Legal Counsel
Michael Fleishman Public Sector & Infrastructure Investment Banking, Goldman Sachs
Jocelyn Gwynn Power Resources Senior Manager
Tyler Noble MG Advisory Group
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Lori Taketa Board Clerk
Eileen Verbeck Deputy Executive Director
Open Session (Call to Order)
Chair Gerace called a meeting of the Board of Directors of the Redwood Coast Energy Authority to order at the above location and date at 3:36 p.m. Notice of this meeting was posted on June 18, 2026.

4. Staff Reports

4.1. Executive Director’s Report
Executive Director Burks participated remotely from the California Climate and Energy Collaborative Forum, where the Northern Regional Energy Network was recognized for its decarbonization efforts. To date, NREN has prevented the release of more than 138,000 pounds of carbon into the atmosphere.

Board members Arroyo, Bauer and Scafani volunteered to provide feedback to the California Public Utilities Commission on how to measure success in regional energy efficiency and market development programs. Executive Director Burks outlined the past month’s community outreach efforts.

5. Consent Calendar

5.1. Adopt Minutes of May 28, 2026, RCEA Board of Directors Meeting.

5.2. Approve Disbursement Report for April 2026, and Financial Reports for This Fiscal Year Through April 2026.

5.3. Receive Regulatory and Legislative Policy Platform Engagement Report.

5.4. Receive Proposed Amendments to the Redwood Coast Energy Authority Conflict of Interest Code Due to Changed Board Membership and Agency Reorganization.

5.5. Approve the Updated Compensation Policy, Employee Performance Review Policy, and Anti-Harassment Policy and Transfer Authority for Future Updates and Approval of the Employee Performance Review Policy and Anti-Harassment Policy to the Executive Director.

5.6. Approve the General Counsel, Director of Engagement and Regional Climate Planning and Accounting Manager Job Descriptions.

Staff requested item 5.4 be removed from the Consent Calendar. There were no other requests for consent calendar item removal.

M/S: Diaz, Jorgensen: Approve all Consent Calendar items except item 5.4.

The motion passed with a unanimous voice vote. Ayes: Arroyo, Bauer, Diaz, Gerace, Jorgensen, Matthews, Scafani, Tuttle, F. Wilson. Noes: None. Absent: Ramos. Abstain: None.

6. Items Removed from Consent Calendar
Staff reported that clerical errors in the amended draft Conflict of Interest Code would be corrected and brought back for Board consideration in the July Consent Calendar.

Community Choice Energy (CCE) Business
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7. Old CCE Business

7.1. Energy Risk Management Semi-Annual Report
Power Resources Director Engel and Business Planning and Finance Director Biondini gave a financial report highlighting challenges in the coming fiscal year. Financial modeling projects a $15.5 million revenue shortfall if no changes are made to current operations. Major factors contributing to the shortfall include PG&E’s large electricity generation rate reduction, which RCEA’s rate was kept below to remain competitive, and the large Power Charge Indifference Adjustment (PCIA) increase which PG&E collects.

Staff updated the Board on regulatory and legislative efforts to address the PCIA’s negative impact on customer electricity bills.

Proposed measures to address the shortfall include prepayment of power purchase agreements, which could yield savings of up to $4.7 million annually, elimination of COLA salary increases for two years and freezing selected staff vacancies, and realization of reserve investment income and tax credits for the Redwood Coast Airport Microgrid. To meet the Board’s previously suggested target of 160 days of operating expenses as a cash reserve, however, a rate increase is needed to maintain operations. Staff proposed a 12.5% increase limited to the electricity generation portion of electricity bills to provide financial stability through 2027 to meet this reserve target.

The group discussed the feasibility of lower rate increases, delayed implementation and a smaller cash reserve that would still allow RCEA to avoid energy trading transaction fees and additional CPUC regulatory requirements. Staff reminded the Board that RCEA reserves were depleted once during COVID. At that time, RCEA was able to remain in operation thanks to a loan from Blue Lake Rancheria and a short-term energy product transaction with a sister CCA.

The board expressed a preference for maintaining at least 130 days of operating costs as a reserve through a rate increase lower than 10%, and concerns about customer reaction to any rate increase. The group agreed on the importance of clear communication about the value of RCEA's services to customers, including the importance of maintaining renewable energy portfolio standards and local control.

M/S: Arroyo, Scafani: Accept Energy Risk Management Semi-Annual Report.

The motion passed with a unanimous voice vote. Ayes: Arroyo, Bauer, Diaz, Jorgensen, Matthews, Scafani, Tuttle, F. Wilson. Noes: None. Absent: Ramos. Abstain: None. Non-Voting:

Gerace.

End of CCE Business | Resume RCEA Board Business

10. New Business

10.1. Power Purchase Agreement Prepayment and Bond Financing Power Resources Director Engel presented a power purchase agreement prepayment and bond financing proposal in partnership with Desert Community Energy. The joint prepayment mechanism could achieve a minimum of 8% and maximum of 14% annual savings on long-term power contracts through municipal bond leverage. CCA prepayments have consistently delivered double-digit savings to CCAs since 2021. There were no public comments on this agenda item. 17 5/28/26
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M/S: Scafani, Arroyo: Authorize the following steps to establish pre-payment bond financing:

Authorize the Executive Director to take the necessary steps to finalize and execute Limited Assignment Agreements (LAAs) among RCEA, J. Aron & Company (a subsidiary of Goldman Sachs), and four sellers identified in existing Power Purchase Agreements (EDP Renewables, Humboldt Sawmill Company, Radial Power and Renewable Properties); Adopt Resolution No. 2026-8 authorizing the execution and delivery of a Clean Energy Purchase Contract and certain other documents in connection with the issuance of California Community Choice Financing Authority Clean Energy Project Revenue Bonds; and certain other actions required to ensure the reduction in the cost of renewable energy therewith; and Authorize the Executive Director to take any further steps necessary to fully execute the pre-pay transaction.

The motion passed with a unanimous voice vote. Ayes: Arroyo, Bauer, Diaz, Gerace, Jorgensen, Matthews, Scafani, Tuttle, F. Wilson. Noes: None. Absent: Ramos. Abstain: None.

10.2. RCEA Annual Budget
Staff presented the proposed annual budget focusing on maintaining a 100% renewable energy portfolio and financial viability, with the previously proposed rate increase to address the budget deficit and maintain a 160-day cash reserve. The proposed budget’s cost-saving measures include freezing positions, reducing external consultant costs, and slightly reducing transportation program funding, while adding a general counsel position. Investment income and tax credits were included as income for the first time. There were no public comments on this agenda item.

M/S: Arroyo, Jorgensen: Adopt the recommended RCEA Fiscal Year 2026-2027 annual budget and direct staff to present the Board with a revised FY 26-27 budget for approval in July with a rate increase of no higher than 10% that maintains a minimum of 130 days of operating budget as a reserve.

The motion passed with a unanimous voice vote. Ayes: Arroyo, Bauer, Diaz, Gerace, Jorgensen, Matthews, Scafani, Tuttle, F. Wilson. Noes: None. Absent: Ramos. Abstain: None.

10.3. 2026 California Public Utility Commission Integrated Resource Plan Portfolio Options Power Resources Senior Manager Gwynn reported on the 2026 California Public Utility Commission Integrated Resource Plan (IRP). RCEA must submit an IRP in August to meet compliance and planning requirements and meet greenhouse gas emissions and load forecasting benchmarks for the next 20 years. The board was asked for feedback on portfolio options for incorporation into the final submission.

The IRP which RCEA submits is not binding but helps the California Independent Systems Operator plan for transmission development.

The board discussed two portfolio options: a policy portfolio and an economic portfolio. The policy portfolio included enhanced geothermal and offshore wind resources, while the economic portfolio focused on more cost-effective options.
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The following community members submitted comments opposing the inclusion of biomass in RCEA’s power procurement portfolio after Humboldt Sawmill Company’s power purchase agreement ends in 2031:

Paula Rhude, Eureka resident
Sue Hilton, Arcata resident
Patty Harvey and Corinne Frugoni of the Humboldt Chapters of HCA-CA and PNHP Caroline Isaacs, RCEA REpower+ customer
Sue Lee Mossman, Trinidad resident
Martha Walden, Dan Chandler and Nancy Ihara, 350 Humboldt Steering Committee Jerry Martien, Elk River resident
Lynda McDevitt
Walter Paniak, Arcata resident
Diane Korsower, Arcata resident
Carol Mone, Trinidad resident
Chair Gerace closed the public comment period and noted that the Yurok Tribe opposes offshore wind development in its sovereign and ancestral waters. The board discussed concerns about the biomass facility's future and potential impacts on local health. Staff will proceed with modeling based on the board's feedback and prepare a draft IRP report for Board approval in July. Staff will submit a finalized plan to the CPUC in early August.

M/S: Arroyo, Scafani: Direct staff to advance the policy portfolio as presented for RCEA’s 2026 Integrated Resource Plan submission to the California Public Utilities Commission.

The motion passed with the following voice vote. Ayes: Arroyo, Bauer, Diaz, Jorgensen, Matthews, Scafani, Tuttle, F. Wilson. Noes: Gerace. Absent: Ramos. Abstain: None.

11. Future Agenda Items
Director Arroyo requested a staff report on the Geysers geothermal field and local development possibilities with new geothermal technology.

Chair Gerace adjourned the meeting at 6:36 p.m.

Lori Taketa
Clerk of the Board
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Staff Report
Agenda Item # 5.2
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Lori Biondini, Business Planning and Finance Director Subject Profit & Loss, Balance Sheet and Monthly Disbursements Reports Summary
The attached Disbursements Report lists RCEA’s checks, debits, and electronic payments made during the period identified on the report. The Business Planning and Finance Director certifies that the disbursements were drawn in payment of demands conforming to RCEA’s adopted Financial Policy and budget.

The Financial Reports (Profit & Loss Budget vs. Actual and Balance Sheet) are presented to keep the Board apprised of current agency receipts and spending relative to budget line items.

Alignment with RCEA’s Strategic Plan
Agency financial tracking and reporting are necessary administrative functions supporting RCEA strategic plan goal implementation.

Financial Impact
The disbursements presented were drawn in payment of demands included within the adopted budget.

Staff Recommendation
Approve Disbursement Reports for May 2026, and Financial Reports for This Fiscal Year Through May 2026.

Attachments

1. Disbursements Report for May 1 through May 31, 2026

2. Profit & Loss Budget vs. Actual Report, July 2025 through May 2026

3. Balance Sheet as of May 31, 2026
21 This page
intentionally
left blank.
22 Accrual Basis Redwood Coast Energy Authority
Disbursements Report
As of May 31, 2026
Type Date Num Name Memo Amount
Bill Pmt -Check 05/04/2026 ACH The Energy Authority CISO042426-APR26 -107,678.34 Bill Pmt -Check 05/08/2026 ACH Aiqueous, LLC 7/1/26-12/31/26 database access and licenses -13,759.58 Bill Pmt -Check 05/08/2026 ACH CCCFA New Member Fee 2026 -50,000.00 Bill Pmt -Check 05/08/2026 ACH Sandrini BESS Storage LLC Mar 2026 Contract Energy Storage -675,358.84 Bill Pmt -Check 05/08/2026 ACH SMUD 3/1/26-3/31/26 NREN program services -15,960.00 Liability Check 05/08/2026 ACH Ascensus 5/8/26 Payroll -14,241.34 Liability Check 05/08/2026 ACH Ascensus 5/8/26 Payroll & 2025 adj. -13,895.84 Liability Check 05/08/2026 ACH EDD 5/8/26 Payroll Taxes -8,908.96 Liability Check 05/08/2026 ACH Internal Revenue Service 5/8/26 Payroll Taxes -37,757.98 Check 05/08/2026 22359 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22360 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22361 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22362 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22363 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22364 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22365 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22366 CCE Customer CCE Rebate EV -2,000.00 Check 05/08/2026 22367 NEM Customer 2026 NEM Term Closeout -6.39 Check 05/08/2026 22368 NEM Customer 2026 NEM Term Closeout -10.10 Check 05/08/2026 22369 NEM Customer 2026 NEM Term Closeout -120.53 Check 05/08/2026 22370 NEM Customer 2026 NEM Term Closeout -0.24 Check 05/08/2026 22371 NEM Customer 2026 NEM Term Closeout -0.53 Check 05/08/2026 22372 NEM Customer 2026 NEM Term Closeout -360.25 Check 05/08/2026 22373 NEM Customer 2026 NEM Term Closeout -698.61 Check 05/08/2026 22374 NEM Customer 2026 NEM Term Closeout -1,337.31 Check 05/08/2026 22375 NEM Customer 2026 NEM Term Closeout -91.17 Check 05/08/2026 22376 NEM Customer 2026 NEM Term Closeout -269.49 Check 05/08/2026 22377 NEM Customer 2026 NEM Term Closeout -233.48 Check 05/08/2026 22378 NEM Customer 2026 NEM Term Closeout -777.14 Check 05/08/2026 22379 NEM Customer VOID: 2026 NEM Term Closeout 0.00 Check 05/08/2026 22380 NEM Customer 2026 NEM Term Closeout -0.78 Check 05/08/2026 22381 NEM Customer 2026 NEM Term Closeout -6.96 Check 05/08/2026 22382 NEM Customer 2026 NEM Term Closeout -22.57 Check 05/08/2026 22383 NEM Customer 2026 NEM Term Closeout -2.64 Check 05/08/2026 22384 NEM Customer 2026 NEM Term Closeout -78.89 Check 05/08/2026 22385 NEM Customer 2026 NEM Term Closeout -182.86 Check 05/08/2026 22386 NEM Customer 2026 NEM Term Closeout -7.17 Check 05/08/2026 22387 NEM Customer 2026 NEM Term Closeout -223.23 Check 05/08/2026 22388 NEM Customer 2026 NEM Term Closeout -258.79 Bill Pmt -Check 05/08/2026 22389 Adventures Edge April 2026 - E-Bike vouchers -1,800.00 Bill Pmt -Check 05/08/2026 22390 Alber's Tractor and Ag Work RCAM mowing services -1,200.00 Bill Pmt -Check 05/08/2026 22391 AM Conservation Group, Inc. ResKit order -13,034.19 Bill Pmt -Check 05/08/2026 22392 Amazon.com Apr 2026 office and IT supplies -499.11 Bill Pmt -Check 05/08/2026 22393 Arcata Chamber of Commerce Oyster Fest Sponsorship June 2026 -2,500.00 Bill Pmt -Check 05/08/2026 22394 Arcata Technology Center Site Host Reimbursement 01/01/26-03/31/26 -549.58 Bill Pmt -Check 05/08/2026 22395 Ascensus 12/01/2025-02/28/2026 Recordkeeping Fee -1,118.75 Bill Pmt -Check 05/08/2026 22396 AT&T 03/19-04/18/26 RCAM backup router -163.00 Bill Pmt -Check 05/08/2026 22397 Bidwell Consulting Services, Inc. 2025 401a/457b service fees -10,590.00

23 Accrual Basis Redwood Coast Energy Authority
Disbursements Report
As of May 31, 2026
Type Date Num Name Memo Amount
Bill Pmt -Check 05/08/2026 22398 Bishop, M. Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22399 Bithell, M. April 2026 Mileage Reimb. -46.40 Bill Pmt -Check 05/08/2026 22400 Blue Lake Rancheria Site Host Reimbursement 01/01/26-03/31/26 -860.91 Bill Pmt -Check 05/08/2026 22401 Bohn, Juliette Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22402 Burks, E. Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22403 City of Arcata Site Host Reimbursement 01/01/26-03/31/26 -1,508.23 Bill Pmt -Check 05/08/2026 22404 City of Blue Lake Site Host Reimbursement 01/01/26-03/31/26 -630.63 Bill Pmt -Check 05/08/2026 22405 City of Eureka - REVNet Site Host Reimbursement 01/01/26-03/31/26 -598.17 Bill Pmt -Check 05/08/2026 22406 City of Trinidad Site Host Reimbursement 01/01/26-03/31/26 -300.90 Bill Pmt -Check 05/08/2026 22407 Donald Dame CCE Consulting services- Apr 2026 -290.50 Bill Pmt -Check 05/08/2026 22408 Donnelly, S. Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22409 Humboldt Bay Coffee Co. Office Coffee- 633 3rd St. -64.10 Bill Pmt -Check 05/08/2026 22410 Humboldt County Association of Government Caltrans Vibrant Neighborhoods match -10,000.00 Bill Pmt -Check 05/08/2026 22411 Humboldt County Fair Association 2026 Level 4 Sponsorship -4,500.00 Bill Pmt -Check 05/08/2026 22412 Humboldt Made Emerald Level Community Impact Sponsorship -2,500.00 Bill Pmt -Check 05/08/2026 22413 iPROMOTEu.com, Inc RCEA Promo: Qty 300 Colored Pencils in Tube -929.57 Bill Pmt -Check 05/08/2026 22414 Kilowatt Engineering, Inc. Mar 2026 NREN Program Support Services -28,150.00 Bill Pmt -Check 05/08/2026 22415 Kullmann, S. Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22416 Mattio, B. Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22417 Newport Group 4/1/26-6/30/26 retirement plan participant fees -1,002.02 Bill Pmt -Check 05/08/2026 22418 North Coast Cleaning Services, Inc. April 2026 office janitorial services -1,680.00 Bill Pmt -Check 05/08/2026 22419 North Coast Unified Air Quality Site Host Reimbursement 01/01/26-03/31/26 -833.42 Bill Pmt -Check 05/08/2026 22420 Open Door Community Health Center Site Host Reimbursement 01/01/26-03/31/26 -771.10 Bill Pmt -Check 05/08/2026 22421 PG&E-Office Utility 03/17-4/14/26 633 3rd Street service -969.25 Bill Pmt -Check 05/08/2026 22422 Premier Financial Group, Inc. Advisory Fee for Q2 2026 -6,369.06 Bill Pmt -Check 05/08/2026 22423 Reider, S Mileage Reimbursement- Apr 2026 -51.91 Bill Pmt -Check 05/08/2026 22424 Rennie, J March & April mileage Reimbursement -18.30 Bill Pmt -Check 05/08/2026 22425 Revolution Bicycles, Inc. May 2026: 1 E-Bike Voucher -400.00 Bill Pmt -Check 05/08/2026 22426 Rodriguez, Louis Mileage reimbursement - Apr 2026 -66.85 Bill Pmt -Check 05/08/2026 22427 Scrapper's Edge Printing services -368.75 Bill Pmt -Check 05/08/2026 22428 Security Lock & Alarm 2026 Alarm Monitoring -1,044.00 Bill Pmt -Check 05/08/2026 22429 Smith, S. Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22430 St. Joseph Hospital, Eureka Site Host Reimbursement 01/01/26-03/31/26 -3,500.75 Bill Pmt -Check 05/08/2026 22431 Terry, P. Per Diem- NREN Mtg 4/28/26-4/29/26 -69.00 Bill Pmt -Check 05/08/2026 22432 Times Printing Company April 2026 mailers and postage -1,874.80 Check 05/08/2026 22433 NEM Customer 2026 NEM Term Closeout -162.27 Paycheck 05/08/2026 ACH Employees Payroll -90,932.45
Bill Pmt -Check 05/11/2026 ACH The Energy Authority CISO050626-APR26 -153,577.60 Bill Pmt -Check 05/14/2026 ACH Recology Humboldt County 917 3rd St. service -81.59 Bill Pmt -Check 05/15/2026 ACH The Energy Authority Monthly TEA Invoice #TEA42026 Apr 2026 -791,678.87 Check 05/17/2026 ACH VISA- Commercial Card Statement Date 4/31/26 BL Acct 1901 -20,416.52 Bill Pmt -Check 05/18/2026 ACH The Energy Authority CAISO Weekly Invoice #CISO051326 -228,664.31 Check 05/20/2026 Debit Columbia Bank Service Charge -269.74 Check 05/20/2026 Debit Columbia Bank Service Charge -150.51 Liability Check 05/22/2026 ACH CICCS Coalition for Controlling Insurance May 2026 Premiums -68.68 Liability Check 05/22/2026 ACH EDD 5/22/26 Payroll -8,596.47 Liability Check 05/22/2026 ACH Keenan June 2026 Premiums -52,980.25 Liability Check 05/22/2026 ACH Ascensus 5/22/26 Payroll -13,988.30

24 Accrual Basis Redwood Coast Energy Authority
Disbursements Report
As of May 31, 2026
Type Date Num Name Memo Amount
Liability Check 05/22/2026 ACH Ascensus 5/22/26 Payroll -13,226.14 Bill Pmt -Check 05/22/2026 ACH Baker Tilly Advisory Group, LP April 2026 RCAM IRA Compliance support -704.23 Bill Pmt -Check 05/22/2026 ACH CalCCA CalCCA Annual Conference Tickets x 9 -1,575.00 Bill Pmt -Check 05/22/2026 ACH Foster Clean Power B, LLC Apr 2026 Contract Energy -41,697.14 Bill Pmt -Check 05/22/2026 ACH Humboldt Sawmill Co. Apr 2026 Electricity -740,109.43 Bill Pmt -Check 05/22/2026 ACH John Winzler June Office Lease - 633 3rd St. -8,144.97 Bill Pmt -Check 05/22/2026 ACH Leapfrog Power, Inc Apr 2026 RA -36,740.00 Bill Pmt -Check 05/22/2026 ACH Snow Mountain Hydro, LLC Apr 2026 Electricity -85,196.08 Bill Pmt -Check 05/22/2026 ACH Sonoma Clean Power Authority Apr 2026 - Flex RA sale - Monthly -261,000.00 Bill Pmt -Check 05/22/2026 ACH Viridity Energy Solutions, Inc. April 2026 Tierra Buena RA -16,224.00 Liability Check 05/22/2026 ACH Internal Revenue Service 5/22/26 Paydate -36,752.04 Bill Pmt -Check 05/22/2026 WIRE PG&E Voluntary Allocation Jan 2026 VA Long term & Short term -70,797.54 Liability Check 05/22/2026 22434 Ameritas Life Insurance Corp. - Dental June 2026 Premiums -3,041.36 Liability Check 05/22/2026 22435 Ameritas Life Insurance Corp.- Vision June 2026 Premiums -503.80 Check 05/22/2026 22436 CCE Customer 2026 CCE Rebate EV -2,000.00 Check 05/22/2026 22437 NEM Customer 2026 NEM Closeout -193.11 Check 05/22/2026 22438 NEM Customer 2026 NEM Closeout -425.14 Check 05/22/2026 22439 NEM Customer 2026 NEM Closeout -5.10 Check 05/22/2026 22440 NEM Customer 2026 NEM Closeout -80.38 Check 05/22/2026 22441 NEM Customer 2026 NEM Closeout -25.97 Check 05/22/2026 22442 NEM Customer 2026 NEM Closeout -5.30 Check 05/22/2026 22443 NEM Customer 2026 NEM Closeout -841.16 Check 05/22/2026 22444 NEM Customer 2026 NEM Closeout -0.83 Check 05/22/2026 22445 NEM Customer 2026 NEM Closeout -4.47 Check 05/22/2026 22446 CCE Customer 2026 CCE Rebate EV -2,000.00 Bill Pmt -Check 05/22/2026 22447 Adventures Edge April 2026 - E-Bike vouchers -800.00 Bill Pmt -Check 05/22/2026 22448 AM Conservation Group, Inc. May 2026 ResKit orders -17,243.47 Bill Pmt -Check 05/22/2026 22449 AT&T 04/29/26-5/28/26 RCAM data -654.75 Bill Pmt -Check 05/22/2026 22450 AT&T 05/07-06/06/26 RCAM data router -331.95 Bill Pmt -Check 05/22/2026 22451 Braun Blaising & Wynne, P.C. Mar 2026 Regulatory & procurement legal -2,866.47 Bill Pmt -Check 05/22/2026 22452 Burks, E. Per diem- Diablo Canyon Tour -104.00 Bill Pmt -Check 05/22/2026 22453 Carlos Diaz Per diem- Diablo Canyon Tour -104.00 Bill Pmt -Check 05/22/2026 22454 Carter Properties June 2026 917 3rd Street Office Lease -2,450.00 Bill Pmt -Check 05/22/2026 22455 Chargepoint Head unit replacement for EV Charger BLR#2 -6,355.05 Bill Pmt -Check 05/22/2026 22456 City of Arcata Mar 2026 Excessive Electricity Use Taxes -996.30 Bill Pmt -Check 05/22/2026 22457 City of Arcata Mar 2026 Utility User Taxes -8,135.25 Bill Pmt -Check 05/22/2026 22458 City of Eureka-Water 03/25/26-04/25/26 917 & 633 3rd. St. service -361.80 Bill Pmt -Check 05/22/2026 22459 CPH Sponsored Programs Foundation March 2026 RCAM support services -10,617.00 Bill Pmt -Check 05/22/2026 22460 Department of Justice Customer 165251, Fingerprinting Fee x 2 -98.00 Bill Pmt -Check 05/22/2026 22461 EAN Services, LLC April 2026 Staff travel vehicle rentals -196.32 Bill Pmt -Check 05/22/2026 22462 Elise Scafani Per diem- Diablo Canyon Tour -104.00 Bill Pmt -Check 05/22/2026 22463 Humboldt HyCycle May 2026: 5 E-Bike Vouchers -2,600.00 Bill Pmt -Check 05/22/2026 22464 Jack Tuttle Per diem- Diablo Canyon Tour -104.00 Bill Pmt -Check 05/22/2026 22465 Kilowatt Engineering, Inc. Apr 2026 NREN program support services -16,630.00 Bill Pmt -Check 05/22/2026 22466 Lake County/City Area Planning Council Advance Payment NREN Task Orders 15-21 -167,766.46 Bill Pmt -Check 05/22/2026 22467 Law Offices of Nancy Diamond April 2026 legal services -8,457.00 Bill Pmt -Check 05/22/2026 22468 Law Offices of Susie Berlin Apr 2026 RuralREN legal services -5,567.50 Bill Pmt -Check 05/22/2026 22469 Lee's Sporting Goods NREN Staff Hat order -192.76

25 Accrual Basis Redwood Coast Energy Authority
Disbursements Report
As of May 31, 2026
Type Date Num Name Memo Amount
Bill Pmt -Check 05/22/2026 22470 Martin, Kelsey Mileage Reimbursement May 2026 -13.78 Bill Pmt -Check 05/22/2026 22471 Mission Linen & Uniform Service May 2026 mat service and janitorial supplies -492.87 Bill Pmt -Check 05/22/2026 22472 Northern CA Safety Consortium CPR & First Aid Training 10 staff -900.00 Bill Pmt -Check 05/22/2026 22473 NYLEX.net, Inc. IT Support services -5,014.65 Bill Pmt -Check 05/22/2026 22474 Optimum Business-633 05/1/26-05/31/26 633 3rd office service -1,103.24 Bill Pmt -Check 05/22/2026 22475 Pacific Paper Company May 2026 office supplies -160.75 Bill Pmt -Check 05/22/2026 22476 PG&E- EV April 2026 REVNet service -741.99 Bill Pmt -Check 05/22/2026 22477 PG&E-Office Utility 04/07-05/5/2026 917 3rd office service -426.45 Bill Pmt -Check 05/22/2026 22478 PG&E - ACV 04/02- 5/01/26 RCAM site service -217.41 Bill Pmt -Check 05/22/2026 22479 PG&E CCA Apr 2026 CCE Billing Service -21,903.49 Bill Pmt -Check 05/22/2026 22480 Pierson Building Center 633 3rd St window blinds -18.73 Bill Pmt -Check 05/22/2026 22481 Revolution Bicycles, Inc. May 2026: 1 E-Bike Voucher -400.00 Bill Pmt -Check 05/22/2026 22482 Rodriguez, Louis Purchase reimbursement - office chair -163.86 Bill Pmt -Check 05/22/2026 22483 Sarah Schaefer Per diem- Diablo Canyon Tour- Board Director -104.00 Bill Pmt -Check 05/22/2026 22484 Scrapper's Edge Ink pads x 2 -14.33 Bill Pmt -Check 05/22/2026 22485 Taketa, L. Purchase Reimbursement - meeting supplies -34.47 Bill Pmt -Check 05/22/2026 22486 Times Printing Company May 2026 mailers and postage -314.71 Bill Pmt -Check 05/22/2026 22487 Ubeo Business Services Office Printer Charges: 4/06-05/05/26 -392.86 Bill Pmt -Check 05/22/2026 22488 Verbeck, E. Per diem- Diablo Canyon -104.00 Bill Pmt -Check 05/22/2026 22489 Witte, M. Mileage Reimbursement April 2026 -15.95 Bill Pmt -Check 05/22/2026 22490 Yakovleva, Vera A. Per diem- Diablo Canyon -104.00 Paycheck 05/22/2026 ACH Employees Payroll -91,360.65
Bill Pmt -Check 05/26/2026 ACH The Energy Authority CAISO Weekly Invoice #CISO052026 -30,730.70 Bill Pmt -Check 05/27/2026 ACH Choice Digital Corp NREN Program Residential Rebate Prefunding -50,000.00 TOTAL -4,199,915.98

26 Redwood Coast Energy Authority
Profit & Loss Budget vs. Actual
July 2025 through May 2026
Jul '25 - May 26 Budget % of Budget
Ordinary Income/Expense
Income
Total 4 GRANTS AND DONATIONS 2,635.38 1,887.00 139.66%
5 REVENUE EARNED
Total 5000 · Revenue - government agencies 8,553,370.34 11,086,774.00 77.15% Total 5100 · Revenue - program related 775,805.42 577,000.00 134.46% Total 5300 · Revenue - Interest Earned 1,210,689.32 500,000.00 242.14% Total 5400 · Revenue-nongovernment agencies 412,029.79 425,000.00 96.95% Total 5500 · Revenue - Electricity Sales 51,924,509.82 55,895,669.00 92.9% Total 5 REVENUE EARNED 62,876,404.69 68,484,443.00 91.81% Total Income 62,879,040.07 68,486,330.00 91.81%
Gross Profit 62,879,040.07 68,486,330.00 91.81%
Expense
Total 6 WHOLESALE POWER SUPPLY 43,836,784.66 49,327,598.00 88.87% Total 7 PERSONNEL EXPENSES 4,722,703.97 5,364,096.00 88.04% Total 8.1 FACILITIES AND OPERATIONS 1,045,144.76 1,773,801.00 58.92% Total 8.2 COMMUNICATIONS AND OUTREACH 199,001.16 291,246.00 68.33%

8.4 PROFESSIONAL & PROGRAM SRVS
8400 · Regulatory 140,042.02 150,000.00 93.36%
Total 8410 · Contracts - Program Related Ser 5,917,755.65 6,874,697.00 86.08% 8420 · Accounting 201,735.63 228,000.00 88.48%
8430 · Legal 156,015.73 249,000.00 62.66%
8450 · Wholesale Services - TEA 1,031,288.15 1,077,248.00 95.73% 8460 · Procurement Credit - TEA 74,537.76 143,178.00 52.06% 8470 · Data Management - Calpine 756,376.95 779,435.00 97.04% 8480 · Customer Billing - PG&E 240,731.26 256,634.00 93.8% Total 8.4 PROFESSIONAL & PROGRAM SRVS 8,518,483.15 9,758,192.00 87.3% Total 8.6 INCENTIVES & REBATES 466,061.63 1,682,655.00 27.7% Total 9 NON OPERATING COSTS 89,120.72 129,200.00 68.98% Total Expense 58,877,300.05 68,326,788.00 86.17%
Net Ordinary Income 4,001,740.02 159,542.00 2,508.27%
Net Income 4,001,740.02 159,542.00 2,508.27%

27 Redwood Coast Energy Authority
Balance Sheet
As of May 31, 2026
May 31, 26
ASSETS
Current Assets
Checking/Savings
1010 · Petty Cash 300.00
1060 · Umpqua Checking Acct 0560 930,498.73
1071 · Umpqua Deposit Cntrol Acct 8215 3,849,982.54
1075 · Umpqua Reserve Account 2300 30,080,833.18
1077 · JP Morgan Chase Act 74999 386,207.84
1078 · CA CLASS Reserve Fund 0001 13,442,482.92
Total Checking/Savings 48,690,305.21
Total Accounts Receivable 92,106.82
Other Current Assets
1101 · Allowance for Doubtful Accounts -9,282,993.34
1103 · Electricity Receivable 14,347,460.63
1120 · Inventory Asset 21,822.24
1205 · Prepaid Insurance -6,879.11
1210 · Retentions Receivable 110,033.92
Total Other Current Assets 5,189,444.34
Total Current Assets 53,971,856.37
Total Fixed Assets 10,469,972.87
Other Assets
1700 · Security Deposits 795,553.16
1800 · Deferred Outflow of Resources 196,000.00
Total Other Assets 991,553.16
TOTAL ASSETS 65,433,382.40

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Total Accounts Payable 7,216,444.07
Total Credit Cards 35,215.41
Other Current Liabilities
2002 · Deposits Refundable 1,573,470.01
2011 · NEM Escrow Liability 392,998.66
2013 · Unearned Revenue 6,560,665.83
Total 2100 · Payroll Liabilities 238,652.54
Total 2200 · Accrued Expenses 29,931.53
Total Other Current Liabilities 8,795,718.57
Total Current Liabilities 16,047,378.05
Total Long Term Liabilities 5,654,458.96
Total Liabilities 21,701,837.01
Equity
3900 · Fund Balance 39,729,805.37
Net Income 4,001,740.02
Total Equity 43,731,545.39
TOTAL LIABILITIES & EQUITY 65,433,382.40

28

Staff Report
Agenda Item # 5.3
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Eileen Verbeck, Deputy Executive Director
Nancy Diamond, RCEA General Counsel
Subject Conflict of Interest Code Biennial Review and Amendment Background
The Political Reform Act requires every local government agency to review its Conflict of Interest Code biennially. RCEA’s Conflict of Interest Code identifies designated positions within the agency which make or participate in the making of decisions that may foreseeably have a financial effect on their own financial interests. For each of these positions, the Conflict of Interest Code designates the types of investments, business decisions, investments in real property, or sources of income that must be disclosed each year on a Statement of Economic Interests (Form 700).

Summary
The Humboldt Bay Municipal Water District withdrew from participation in the Redwood Coast Energy Authority Joint Powers Agreement as of March 1, 2026.

As part of an agency reorganization, The Board of Directors approved an agency staff reorganization in March 2026 involving the following positions that are required to report economic interests by the Conflict of Interest Code:
• Creation of Engagement and Regional Climate Planning Director position • Creation of General Counsel staff position
• Elimination of Infrastructure Planning and Operations Director position • Change of title and duties from Deputy Executive Director position to Deputy Executive Director/Operations.

The Executive Director position has been moved from the California Government Code Section 87200 economic interest filer category to the Conflict of Interest Code designated staff position category, correcting a previous error.

After approval by the RCEA Board, the amended Conflict of Interest Code must be forwarded to the Code Reviewing Body for review and approval, in this case, the Humboldt County Board of Supervisors. 29

Equity Impacts
The biennial Conflict of Interest Code update is an administrative task supporting the transparency of agency financial decision maker economic interests in accordance with the California Political Reform Act of 1974, Government Code sections 81000-91014.

Alignment with RCEA’s Strategic Plan
The Code update is an administrative duty that is unrelated to agency program strategies.

Financial Impact
Staff work related to Conflict of Interest Code updates is included within budgeted staff costs.

Staff Recommendation
Adopt Resolution 2026-6 Adopting an Amended Conflict of Interest Code Due to Changed Board Membership and Agency Reorganization.

Authorize the Board Clerk to Submit the Amended Conflict of Interest Code to the Humboldt County Board of Supervisors as the Code Reviewing Body.

Attachments

1. Resolution No. 2026-6 Adopting an Amended Conflict of Interest Code with Attachment A:

Proposed Amended RCEA Conflict of Interest Code (redlined version) 30 ________________________
Conflict of Interest Code, 2026
RESOLUTION NO. 2026-6

OF THE REDWOOD COAST ENERGY AUTHORITY

ADOPTING AN AMENDED CONFLICT OF INTEREST CODE
WHEREAS, California Government Code section 87300 requires all public agencies to adopt and promulgate a Conflict of Interest Code enumerating employee and consultant positions within the Authority who are involved in the making or participating in the making of decisions which may have a material effect on any financial interest of their own, identifying disclosure categories for such employees and consultants, and identifying disqualification requirements for such employees and consultants; and
WHEREAS, specified public officials identified in California Government Code section 87200, including Authority Board members and the Executive Director are subject to the conflict of interest disclosure and disqualification requirements set forth in Government Code sections 87200 et seq.; and
WHEREAS, Government Code section 87306.5 requires each local public agency to review its conflict of interest code biennially and, no later than October 1 of each even numbered year, amend it as necessary to reflect changed circumstances; and WHEREAS, an amendment to RCEA’s Conflict of Interest Code is necessary due to changes in the RCEA membership and agency reorganization that occurred over the last two years.

NOW, THEREFORE, BE IT RESOLVED, that the Board of the Redwood Coast Energy Authority hereby adopts as its Conflict of Interest Code those provisions set forth in Appendix A, attached hereto and incorporated herein. This Conflict of Interest Code replaces the previously adopted RCEA Conflict of Interest Code.

Adopted this 23rd day of July 2026.

ATTEST:
______________________________ ____________________________ Michael Gerace, RCEA Board Chair RCEA Clerk of the Board Date: _________________________ Date: _______________________ 31 ________________________
Conflict of Interest Code, 2026

CLERK'S CERTIFICATE
I hereby certify that the foregoing is a true and correct copy of Resolution No. 2026-6 passed and adopted at a regular meeting of the Redwood Coast Energy Authority, County of Humboldt, State of California, held on the 23rd day of July 2026, by the following vote:

AYES:

NOES:

ABSENT:

ABSTENTIONS:

Clerk of the Board, Redwood Coast Energy Authority
32 ________________________
Conflict of Interest Code, 2026

APPENDIX A

REDWOOD COAST ENERGY AUTHORITY

CONFLICT OF INTEREST CODE
The Political Reform Act (Government Code Section 81000, et seq.) requires state and local government agencies to adopt and promulgate Conflict of Interest codes. The Fair Political Practices Commission has adopted a regulation (2 Cal. Code of Regs. Sec.18730) which contains the terms of a standard Conflict of Interest code, which can be incorporated by reference in an agency’s code. After public notice and hearing, it may be amended by the Fair Political Practices Commission to conform to amendments in the Political Reform Act. Therefore, the terms of 2 California Code of Regulations Section 18730 and any amendments to it duly adopted by the Fair Political Practices Commission are hereby incorporated by reference. This regulation and the attached Appendix of designated officials and employees and establishing disclosure categories, shall constitute the Conflict of Interest code of the Redwood Coast Energy Authority.

Those individuals identified below filing under Section 87200 and designated positions shall file their statements with the Redwood Coast Energy Authority Clerk of the Board who will retain the statements and make them available for public inspection and reproduction (Gov. Code Section 81008).

Public Officials Who Manage Public Investments:

The following positions are NOT covered by the Conflict of Interest code because they must file under section 87200 and, therefore, are listed for informational purposes only:
o Governing Board Members excepting Humboldt Bay Municipal Water District and Tribal Council representatives
o Executive Director
An individual holding one of the above listed positions may contact the Fair Political Practices Commission for assistance or written advice regarding their filing obligations if they believe that their position has been categorized incorrectly. The Fair Political Practices Commission makes the final determination whether a position is covered by section 87200.

Designated Positions Disclosure Categories
Humboldt Bay Municipal Water District representatives to Governing Board 1, 2, 3, 4, 5 Tribal Council representatives to Governing Board 1, 2, 3, 4, 5 Community Advisory Committee Members 1, 2, 3, 4
Deputy Executive Director/Operations 1, 2, 3., 4., 5
Director Business Planning and Finance 1, 2, 3
Director Demand-Side ManagementCustomer Programs
1, 2, 4
Director Infrastructure Planning and OperationsEngagement & Regional Climate Planning 1, 2, 3, 4, 5
33 ________________________
Conflict of Interest Code, 2026
Designated Positions (continued) Disclosure Categories
Director Power Resources 1, 2, 3, 4
Executive Director 1, 2, 3, 4, 5
Staff General Counsel 1, 2, 3, 4, 5
Designated Positions (continued) Disclosure Categories
1 Consultants:

General Counsel 1, 2, 3, 4
Disclosure Categories:

1. Investments and business positions in any business entity and sources of income, including gifts, loans and travel payments, of the type which within the previous 12 months has contracted with the Authority to provide services, supplies, materials, machinery or equipment.

2. All interests in real property located in the jurisdiction of any member agency of the Authority or within 2 miles of any land owned or used by the Authority.

3. Investments and business positions in business entities and sources of income (including receipt of gifts, loans and travel payments) if the business entity or source finances, owns, operates, manages or otherwise engages in the design development, construction, sale, or the acquisition of facilities that generate electricity for commercial sale including without limitation wind, solar, biomass, and hydroelectric.

4. Investments and business positions in business entities and sources of income (including receipt of gifts, loans and travel payments) if the business entity or source provides energy, environmental, engineering, geotechnical or research consulting services to assist in the designing, building, manufacture, sale, distribution, or servicing of equipment of the type that is used, or may be used, by 1) electric power suppliers, 2) providers of energy efficiency, energy conservation measures, demand response, fuel shifting programs, or 3) any entity that is, or within the prior 12 months has been, party to a proceeding before any local, state, or regional regulatory or judicial entity in which the Authority is also a party.
1 Consultants shall be included in the list of designated employees and shall disclose pursuant to the broadest disclosure category in the Code subject to the following limitations: “The Executive Director may determine in writing that a particular consultant, although a ‘designated position,’ is hired to perform a range of duties that is limited scope and thus is not required to fully comply with the disclosure requirements described in this section.

Such written determination shall include a description of the consultant’s duties and, based upon that description, a statement of the extent of the disclosure requirements. The Executive Director’s determination is a public record and shall be retained for public inspection in the same manner and location as this Conflict-of-Interest code.” 34 ________________________
Conflict of Interest Code, 2026

5. Investments and business positions in business entities and sources of income (including receipt of gifts, loans and travel payments) if the business entity or source provides information technology or telecommunications goods, products or services including computer hardware or software companies, computer consultant services, IT training companies, or data processing firms.
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Staff Report
Agenda Item # 5.4
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Jocelyn Gwynn, Senior Power Resources Manager Subject Paradigm Wind Power Purchase Agreement Approval Summary
At the May meeting, staff presented information about a Power Purchase Agreement (PPA) for the Paradigm Wind re-power project and are seeking Board approval of the PPA this month. The project is in the Tehachapi Wind Resource Area of Kern County and will involve replacing eight inoperative 500 kW wind turbines with six new 660 kW turbines to be placed on existing tower bases. The facility was originally installed in the early 1980s and has been re-powered three times since then. The project does not require new land use or building permits as Kern County considers wind energy re-powering to be a maintenance activity. The project will continue to operate under its existing interconnection agreement with Southern California Edison and is currently in process of registering as a new resource with the California Independent System Operator (CAISO), as it was previously operating outside the CAISO market. Paradigm owns the project site and is in process of finalizing their project milestone schedule.

The developer expects the project to achieve commercial operation between March and May 2027, and is waiting on one final quote from their turbine supplier to confirm the contractual date. The project would deliver power to RCEA for 15 years under the PPA.

Background
The Paradigm Energy wind project was offered in response to RCEA’s 2025 Request for Offers (RFO) for Long-Term Renewable Portfolio Standard Resources. Staff brought the offer to the Board RFO ad hoc subcommittee which approved it for shortlisting in December 2025.

Equity Impacts
None, this is a re-power project.

Alignment with RCEA’s Strategic Plan
By continuing to build RCEA’s portfolio of long-term renewable energy resources, this project supports the following Strategic Plan goals:
• 4.1.2 Minimize Greenhouse Gas Emissions Associated with RCEA’s CCE Program 37

• 4.1.4 Maximize Renewable Energy Content of RCEA’s CCE Program • 4.1.5 Ensure Diversity in Local Sources
Financial Impact
The annual cost of this PPA is expected to be about 2% of RCEA’s annual wholesale power budget.

Current modeling by The Energy Authority shows the project having a slightly negative net present value, meaning the contract is expected to cost slightly more than the forecasted value of the energy revenues, renewable certificates, and eventual RA capacity. However, as RCEA’s first wind PPA, the project adds valuable resource diversity benefits to RCEA’s power portfolio by generating mainly during non-solar hours, for very little development risk. Also, securing an additional long-term, fixed-price power contract backed by a physical asset helps reduce risk for RCEA by locking in predictable energy costs and insulating RCEA from volatile market prices. Lastly, the price forecast used in the net present value analysis is greatly influenced by currently depressed pricing in power and bilateral markets, so if prices spike, the analysis could quickly flip to a positive net present value. If the PPA is approved, it will be added to RCEA’s financial model to be included in the mid-year budget adjustment for FY 2026-2027.

Staff Recommendation
Adopt Resolution 2026-7 Approving the Form of and Authorizing the Execution of the Paradigm Wind Power Purchase Agreement with Paradigm Energy LLC.

Attachments
Resolution 2026-7
Attachment A: Renewable Power Purchase Agreement with Paradigm Energy LLC Note: The Renewable Power Purchase Agreement with Paradigm Energy LLC is linked at www.RedwoodEnergy.org and available for reading at RCEA offices at 633 Third Street, Eureka, CA. 38 1
RESOLUTION NO. 2026-7

OF THE REDWOOD COAST ENERGY AUTHORITY BOARD OF DIRECTORS

APPROVING THE FORM OF AND AUTHORIZING EXECUTION OF

THE PARADIGM WIND POWER PURCHASE AGREEMENT
WHEREAS, in September 2025, RCEA issued a Request for Offers for Long-Term Renewable Portfolio Standard Resources (“RFO”); and
WHEREAS, the Paradigm Wind project (“Project”) was submitted into the RFO by Paradigm Energy LLC (“Seller”) and subsequently approved for shortlisting by the Board RFO ad hoc subcommittee; and
WHEREAS, under the Renewable Power Purchase Agreement (“PPA”), Seller will provide RCEA with energy, renewable energy certificates and potentially resource adequacy in exchange for a fixed price over the delivery term, thereby generating value for RCEA’s power portfolio and contributing to RCEA’s compliance with state mandates.

NOW, THEREFORE, the Board of Directors of the Redwood Coast Energy Authority resolves as follows:

1. Redwood Coast Energy Authority’s procurement of the Paradigm Wind project as set forth in the PPA, attached hereto as Appendix A, is hereby approved.

2. The RCEA Executive Director is authorized to finalize the commercial operation date no later than July 2027 and execute the PPA substantially in the form attached hereto as Appendix A.

3. The RCEA Executive Director, in consultation with legal counsel, is authorized to approve any needed future amendment to the PPA so long as the term, volume, and price are not changed and the amendment does not fundamentally change the business terms of the Agreement or measurably increase risk exposure for RCEA.

Adopted this 23rd day of July 2026.
___________________________________ ________________________________ Michael Gerace Lori Taketa
Chairperson of the Board of Directors Clerk of the Board, RCEA 39 2
CLERK’S CERTIFICATE
I hereby certify that the foregoing is a true and correct copy of Resolution No. 2026- 7 passed and adopted at a regular meeting of the Redwood Coast Energy Authority, County of Humboldt, State of California, held on the 23rd day of July 2026, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Clerk of the Board, Redwood Coast Energy Authority

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Appendix A: Paradigm Wind Power Purchase Agreement
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Staff Report
Agenda Item # 5.5
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Jocelyn Gwynn, Senior Power Resources Manager Subject 2026 CPUC Integrated Resource Plan Filing
Summary
Staff are seeking Board approval of RCEA’s 2026 Integrated Resource Plan (IRP) to be submitted to the California Public Utilities Commission (CPUC) by the August 10, 2026, deadline. The attached draft IRP narrative is consistent with the Policy Portfolio the Board approved at the June meeting. The portfolio options considered by the Board were results of optimization modeling analysis conducted by The Energy Authority using assumptions provided by staff, consistent with RCEA’s Strategic Plan and the CPUC’s system modeling.

Following Board approval of the Policy Portfolio for use in the IRP, staff and TEA completed final modeling updates to ensure the IRP portfolio conforms to the CPUC’s compliance requirements, which resulted in slight changes to the generic solar, wind and storage capacity in the portfolio. Also, a 9% higher load forecast than what was used in the previous model run was required to ensure the portfolio accounted for electrical losses on the transmission and distribution system. As a result, the final IRP portfolio is estimated to cost $706 million over the five IRP model years of 2028, 2030, 2035, 2040, and 2045, which is about 32% higher than the estimated $535 million presented to the Board last month. The actual load increase to cover losses was smaller than that, but the higher cost is driven by the increased load forecast and the resources the optimization model selected to fill that open energy position, which were some of the more expensive. Despite this, the cost to serve load in each model year, shown in the following table in 2024 dollars, is reasonable in comparison to RCEA’s currently forecasted generation rates for 2027-2030 of $0.08/kWh to $0.13/kWh. Rates would likely need to increase in later years to support the projected costs of this portfolio.

IRP Model Year Cost to Serve Load
($/kWh)
2028 $0.09
2030 $0.11
2035 $0.17
2040 $0.18
2045 $0.17
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In addition to the online and in-development resources already under contract, the IRP portfolio contemplates contracting the following capacities by resource type between 2030 and 2045:
• 10 MW Small Hydropower (local resource)
• 18 MW Biomass (local resource)
• 10 MW North Coast Offshore Wind (local resource)
• 9.5 MW Central Coast Offshore Wind
• 16.5 MW In-State Enhanced Geothermal Projects
• 26 MW Generic In-State Enhanced Geothermal
• 120 MW Generic Out-of-State Geothermal
• 200 MW Generic Large-Scale Solar
• 72 MW Generic In-State Onshore Wind
• 75 MW Generic Battery Storage
In addition to the attached draft IRP narrative, staff are preparing two spreadsheets to submit to the CPUC: 1) a Resource Data Template, which shows specific details about each resource in the IRP portfolio and their capacity contribution to RCEA’s assigned reliability need, and 2) a Clean System Power Calculator, which quantifies greenhouse gas emissions associated with the IRP portfolio based on hourly generation and load matching.

Background
Integrated resource planning is a standard planning exercise for supply and demand resources a load serving entity (LSE) anticipates over a long-term horizon, in this case, 20 years. CPUC IRPs are required compliance filings typically due every two years and are used by the California Independent System Operator (CAISO) in their Transmission Planning Process. This cycle, IRPs must 1) conform to a GHG emissions benchmark for the electric sector of 8 million metric tons (MMT) statewide in 2045, of which RCEA’s share is 0.022 MMT, 2) be consistent with the CPUC’s system modeling assumptions and results, and 3) use an assigned load forecast and capacity reliability standard. As discussed with the Board last month, RCEA’s assigned load forecast is much higher than our internal load forecast based on historic load, which results in an IRP portfolio that includes more resources than we expect to procure, especially in the latter years of the planning horizon.

Equity Impacts
The IRP is a required compliance filing. The attached narrative includes discussion of impacts RCEA’s power portfolio could have on disadvantaged communities.

Alignment with RCEA’s Strategic Plan
Although the IRP is primarily a compliance exercise, the proposed plan is consistent with RCEA’s Strategic Plan, specifically the following goals:
• 4.1.1 Maximize the Use of Local Renewable Energy to the Extent Technically and Economically Feasible and Prudent.
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• 4.1.2 Minimize Greenhouse Gas Emissions Associated with RCEA’s CCE Program. • 4.1.4 Maximize Renewable Energy Content of RCEA’s CCE Program. • 4.1.9.2 Procure Local Offshore Wind Energy.
• 4.1.11.2 Procure Local Biomass Energy.
• 4.1.13.1 Support Existing and New Local Small-scale Hydroelectric Power.

Financial Impact
Apart from staff and consultant time required to prepare the IRP, there is no direct cost or other financial impact associated with the filings themselves. Currently, IRPs do not carry binding commitments for procurement, although the information submitted in them is used by the CPUC to issue procurement orders in the IRP proceeding. However, development of the IRP in particular is a risk management activity that mitigates financial risk exposure for RCEA by ensuring holistic, high-level decision-making regarding RCEA’s power portfolio, while ensuring conformance with regulatory mandates from the State.

Staff Recommendation
Approve Submission of RCEA’s 2026 Integrated Resource Plan Filing to the CPUC Consistent with Attachment 1, Draft 2026 Integrated Resource Plan Narrative.

Attachments

1. Draft 2026 Integrated Resource Plan Narrative
Note: The Draft 2026 Integrated Resource Plan Narrative is linked at www.RedwoodEnergy.org and available for reading at RCEA offices at 633 Third Street, Eureka, CA. 45 This page
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STAFF REPORT
Agenda Item # 5.6
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Patricia Terry, NREN Portfolio Lead
Subject NREN CivicWell and California Climate and Energy Collaborate (CCEC) Forum Sponsorship
Summary
California Regional Energy Networks (RENs) coordinate under a collaborative called CalREN, which is facilitated by the non-profit CivicWell (formerly the Local Government Commission). CivicWell also implements the California Climate and Energy Collaborative (CCEC) Initiative and Forum each year, funded by the RENs.

As part of CalREN, the Northern Regional Energy Network (NREN) will contribute to the funding of CivicWell and will sponsor the CCEC Forum in 2026. The RENs each contribute an equal proportion of the total funding. The County of Ventura, the Portfolio Administrator for Tri-County Regional Energy Network (3CREN) is in contract with CivicWell, and has invoiced NREN for their portion of the funding.

Background
The California Public Utilities Commission (CPUC) issued Decision D.24-09-031, effective September 26, 2024, that approves the Northern California Rural Regional Energy Network (also known as Northern Rural Energy Network or NREN) to deliver energy efficiency programs to underserved rural customers.

Equity Impacts
The CCEC Forum brings together several hundred local government staff, elected officials, and community organizations, to collaborate and learn from each other as they work to advance fair and equitable climate change and energy practices. CivicWell also sponsors several additional services for local governments including the wEEkly Newsletter and Local Energy Resources Network (LERN) Calls.

Alignment with RCEA’s Strategic Plan
RENs in general, and the Northern Rural Energy Network in particular, are designed to reach customers that otherwise are not being reached by existing ratepayer-funded programs. The NREN programs will ensure that hard-to-reach, disinvested, disadvantaged, and underserved rural 47

customers are provided with an equitable level of services and support of CPUC energy programs and are empowered to take action to better manage their energy use and cost through increased awareness, support resources, a trained workforce, and access to financing to improve their homes and businesses.

Financial Impact
This action will authorize RCEA staff to pay $133,938.57 for CivicWell CCEC Forum support. This expense is included in the NREN budget.

Staff Recommendation
Approve NREN payment of $133,938.57 to the County of Ventura to fund CivicWell and the California Climate and Energy Collaborative Forum, and authorize the Executive Director to execute all applicable documents.

Attachments.

1. Scope of Work for contract between County of Ventura and CivicWell.

2. California Climate and Energy Collaborative Invoice from County of Ventura on behalf of Tri-County Regional Energy Network 48 49
50 51
52 53
54 55
56 57
58 59
60 Invoice

County of Ventura Invoice: NREN2026
Sustainability Division Invoice Date: July 1, 2026
800 South Victoria Avenue #L1950 Terms: Net 30
Ventura, California 93009
Bill To:

Redwood Coast Energy Authority
Atten: Patricia Cheng Terry
633 Third Street
Eureka, CA 95501

DESCRIPTION TOTAL
CivicWell- 3C-REN/NREN/Local Government Partnership 2026 Ref: PD 101020250116*7
$133,938.57
Please make check payable to:

County of Ventura
800 South Victoria Ave #L1950
Ventura, CA 93009
If you have any questions concerning this invoice, contact Kelly Cattanach at Send invoice to:
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Staff Report
Agenda Item # 8.1
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Lori Biondini, Director of Business Planning and Finance Beth Burks, Executive Director
Subject Rate Change for Maintaining Financial Stability and Customer Affordability Summary
Staff introduced the draft fiscal year 2026-2027 budget at the May meeting of the RCEA Board of Directors and received feedback on potential strategies to better balance the final budget. Staff incorporated Board feedback and presented a recommended budget at the June meeting which was adopted with direction to return to the Board with a revision that would limit the electricity generation rate combined with the Power Charge Indifference Adjustment (PCIA - a fee charged to CCA customers by PG&E) to less than a 10% premium over PG&E generation rates, while maintaining a minimum of 130 days of operating costs or $26M (whichever is greater) as cash-on-hand (COH). Based on this direction, the RCEA Risk Management Team with support of The Energy Authority analyzed additional rate-change scenarios using the most current market projections provided on July 14, 2026. As a result, Staff are recommending RCEA generation rates that, combined with the PCIA, will be a 6% premium over PG&E generation rates. Excluding the PCIA, RCEA’s generation rates are currently about 31% lower than PG&E generation rates and with the proposed change will be about 25% below PG&E. This rate change is expected to help maintain cash reserves at between $26M (140 days COH) and $30M (160 days COH) through 2027, while also preparing for worse market conditions expected beyond 2027.

Proposed Rate Setting Strategy
In developing the recommendation, staff worked closely with The Energy Authority (TEA), RCEA’s power manager and power procurement agent to analyze various factors including the potential for customers to opt-out of RCEA service, the probability of changing energy market conditions, and how larger rate increases may be avoided in the future. This month the projected power costs through the fiscal year ending 2028 decreased enough to increase cash position by $1.9M by the end of 2027. Currently, forecasts indicate that a smaller rate increase is necessary to maintain RCEA’s target cash position however revenue projections through 2028 have decreased, resulting in $1.4M less cash at the end of 2028 than was projected last month. Staff expect that a rate increase now will hedge against additional, potentially larger increases in the future, when market conditions are less certain. Analysis indicates that a 6% premium will hedge against both near-term opt-out risk and long-term financial instability that would prompt more drastic action.
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Since launching the Community Choice Energy program in 2017, RCEA has been able to offer retail rates inclusive of the PCIA, that are discounted from competitor investor-owned utility, PG&E. This rate-setting strategy relies on forecasting PG&E rates and the PCIA which can change multiple times a year but typically only significantly once per calendar year in January. The forecasts are informed by market conditions as well as regulatory filings twice a year in the Spring and Fall. Because RCEA sets its budget for a fiscal year ending June 30, it can be difficult to know with certainty the expected electricity sales revenue for latter-half of the fiscal year and beyond. To help mitigate this challenge, Staff are requesting authority to increase or decrease RCEA’s rate premium as market conditions require up to a maximum of 9.5% above PG&E’s rates, with a goal of maintaining a balance of $26M of cash reserves at least through calendar year 2028.

The RCEA Energy Risk Management Team will continue to monitor financial performance and modeling projections and propose to adjust rates up or down no more frequently than every three months after the initial rate change takes effect on September 1, 2026. Staff would then notify the Board of any necessary rate adjustments at the next scheduled Board meeting.

Maintaining Cash Reserves
RCEA’s policy to maintain a healthy level of cash reserves is meant to ensure long-term financial stability by providing liquidity when revenues are insufficient to meet operating needs while also protecting customers from large rate changes. RCEA is exposed to significant energy market risks as well as an ever-changing utility regulatory environment, often driven by investor-owned-utility interests. This has been demonstrated by this year’s 230%+ increase in the PCIA fees that PG&E collects from community choice aggregation (CCA) customers and challenges CCAs to remain cost-competitive, despite procuring and retailing lower-cost renewable and carbon-free electricity generation supply.

RCEA has experienced the challenge of insufficient reserves. During the global pandemic from 2020 to around 2023, RCEA encountered unprecedented non-payments from customers and had no recourse.

Although Federal emergency funding covered some of this bad debt, it took several months to realize those payments which were funneled through the State. This left RCEA in the position of needing around $6M of private loan funds to cover power and basic operation costs in the meantime. Additionally, maintaining at least 4 to 6 months of operating costs as cash-on-hand reflects well on RCEA from a creditor's viewpoint and is necessary to operate in unpredictable conditions. Other CCAs target maintaining 6 to 12 months operating expense as cash reserves for similar purposes.

Staff Recommendation
Adopt Resolution 2026-9 Adopting a Rate Strategy to Maintain $26,000,000 in Cash Reserves for Fiscal Soundness.

Attachments

1. Resolution No. 2026-9 of the Redwood Coast Energy Authority Adopting a Rate Strategy to Maintain $26,000,000 in Cash Reserves for Fiscal Soundness 64 RESOLUTION NO. 2026-9

OF THE REDWOOD COAST ENERGY AUTHORITY
ADOPTING A RATE STRATEGY TO MAINTAIN $26,000,000 IN CASH RESERVES

FOR FISCAL SOUNDNESS
WHEREAS, Redwood Coast Energy Authority (RCEA) is continuing operation of its successful community choice energy program on behalf of participating jurisdictions in Humboldt County; and
WHEREAS, RCEA is working with its power manager and power procurement agent The Energy Authority (TEA) to secure a portfolio of power supply resources that meet RCEA’s 100% renewable and carbon free energy content goal; and WHEREAS, RCEA adopted a reserve policy that states RCEA shall maintain a minimum cash reserve equal to 120 days of operating expenses, with a goal of increasing the reserve to a maximum 180 days of operating expenses; and WHEREAS, RCEA must maintain $26,000,000 of cash reserves to avoid paying fees to TEA as a creditor for power purchasing; and
WHEREAS, RCEA has historically set its retail rates to include electricity generation plus the Power Charge Indifference Adjustment (PCIA - a fee set and collected by Pacific Gas & Electric Company) and franchise fees and to be at a discount to Pacific Gas & Electric Company (PG&E) electricity generation rates; and
WHEREAS, the California Public Utility Commission changed their calculation methodologies which resulted in the PCIA fee increasing by more than 230%, making it impossible for RCEA’s retail rates to remain discounted from PG&E generation rates while fully recovering RCEA’s generation cost; and
WHEREAS, without a change to RCEA’s retail rates, multiple years of negative net revenue are expected if the PCIA calculation remains the same, drawing down RCEA’s cash reserves to below the required minimum; and
WHEREAS, RCEA Board of Directors directed staff to set retail rates that reflect a premium over PG&E generation rates of no more than 9.5% and that would target maintaining a cash reserve no less than $26,000,000 to avoid creditor fees; and WHEREAS, RCEA will set its retail rates (electricity generation and the PCIA and franchise fees) at a 6% premium over PG&E generation rates, to maintain financial stability; and WHEREAS, without the PCIA included, RCEA’s retail generation rate will be set at 25% below PG&E’s generation rates; and
65 WHEREAS, RCEA acknowledges that the financial model informing this decision is based on current PG&E rates and PCIA fees effective January 2026 and current energy market prices which may change, affecting RCEA’s forecasted financial outlook and prompting further rate changes; and
WHEREAS, RCEA’s Energy Risk Management Team will continue to monitor financial performance and projections and will proactively adjust the RCEA generation rate no more frequently than every three months starting September 1, 2026, to maintain minimum $26,000,000 cash reserves; and
WHEREAS, Staff will notify the Board of any necessary rate adjustments up to 9.5% above PG&E generation rates at the next scheduled Board meeting; and WHEREAS, RCEA will not make any rate increase that results in a total retail rate that is more than 9.5% above PG&E generation rates without prior Board approval.

NOW, THEREFORE, BE IT RESOLVED, that the Board of the Redwood Coast Energy Authority hereby:

1. Adopts electricity retail rates at 6% above PG&E generation rates effective September 1, 2026, to maintain a $26,000,000 cash reserve.

2. Authorizes staff to no more than quarterly reduce or increase retail rates to maintain a $26,000,000 cash reserve.

3. Directs staff to notify the Board of any necessary rate adjustments at the next scheduled Board meeting.

4. Directs staff to seek Board approval prior to any increase that would result in RCEA retail rates exceeding PG&E generation rates by 9.5%.

This Resolution shall be effective upon its adoption.

Adopted this 23rd day of July 2026.

ATTEST:
______________________________ ____________________________ Michael Gerace, RCEA Board Chair RCEA Clerk of the Board Date: _________________________ Date: _______________________ 66 CLERK'S CERTIFICATE
I hereby certify that the foregoing is a true and correct copy of Resolution No. 2026-9 passed and adopted at a regular meeting of the Redwood Coast Energy Authority, County of Humboldt, State of California, held on the 23rd day of July 2026, by the following vote:

AYES:

NOES:

ABSENT:

ABSTENTIONS:

Clerk of the Board, Redwood Coast Energy Authority
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Staff Report
Agenda Item # 8.2
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Richard Engel, Director of Power Resources
Jaclyn Harr, Client Services Director, The Energy Authority Subject Summer Readiness Assessment
Background
Early each summer, the California Independent System Operator (CAISO) publishes a Summer Loads and Resources Assessment to inform stakeholders on how well prepared the state’s grid is for this time of year that typically presents the greatest challenge to electric reliability. The Energy Authority (TEA) prepares an annual California Summer Market Conditions Assessment that summarizes key findings from the CAISO assessment as well as a brief summary of RCEA’s work in ensuring local and statewide grid reliability.

Summary
TEA California Account Director Jaclyn Harr and RCEA staff will present RCEA’s 2026 California Summer Market Conditions Assessment.

Equity Impacts
Not applicable.

Alignment with RCEA’s Strategic Plan
Not applicable.

Financial Impact
Accepting the California Summer Market Conditions Assessment does not affect RCEA's budget.

Staff Recommendation
Accept 2026 California Summer Market Conditions Assessment. 69 This page
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Staff Report
Agenda Item # 9.1
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Kristy Siino, HR Manager
Subject General Counsel Recruitment and Salary Schedule Update Summary
Upon approval of the General Counsel job description and the 2026-2027 operating budget, staff have updated the adopted salary schedule to include the addition of the General Counsel position.

Additionally, staff executed a contract with Tripepi Smith for outside recruitment services to assist the Board in appointing a candidate to the position and are seeking Board input on the recruitment processes through the creation of an ad hoc recruitment subcommittee.

Background
Upon approval of the 2026-2027 Operating Budget, staff sent out solicitations for full recruitment services and selected Tripepi Smith to assist with the General Counsel recruitment.

As the General Counsel position is ultimately appointed by the Board, Staff are recommending the creation of an ad hoc recruitment subcommittee to streamline the recruitment process. Staff are proposing that members of the ad hoc subcommittee review received applications and select candidates for initial staff interviews, review staff interview videos and notes to select top candidates, interview top candidates, and make recommendations for selecting a candidate to the full Board. The Human Resources Manager will directly assist the ad hoc subcommittee in scheduling and facilitating meetings with the recruitment firm.

The Board adopted the updated Salary Schedule at their April 2024 regular meeting and subsequently approved the General Counsel Job Description at their June 2026 regular meeting. Staff have updated the Salary Schedule to include the General Counsel position; at its approved budgeted salary level. The final approved salary will be provided to the recruitment firm to finalize recruitment materials and begin solicitation of applications.

Equity Impacts
The General Counsel position supports implementation of RCEA’s Racial Justice Plan by helping ensure that RCEA’s policies, governance practices, employment actions, contracting activities, and 71

organizational decisions are implemented in a manner consistent with the Board’s adopted equity commitments.

Financial Impact
Budgeted staff costs.

Staff Recommendation

1. Adopt the updated salary schedule, adding the General Counsel position.

2. Solicit Board of Director volunteers for an ad hoc General Counsel recruitment subcommittee and authorize the Ad hoc subcommittee to meet and communicate on behalf of the Board with the recruitment firm.

Attachments

1. Updated Salary Schedule
72 Redwood Coast Energy Authority - Approved Pay Scales, effective 05.04.2026. Bi weekly amounts have been adjusted to account for a 27 pay period year. Annual salary rates approved by the Board are unchanged.

Role Grade 1 2 3 4 5 6 7 8 9 10
Intern 12 Annual $ 45,039.81 $ 47,291.80 $ 49,656.39 $ 52,139.21 $ 54,746.17 $ 57,483.48 $ 60,357.65 $ 63,375.54 $ 66,544.31 $ 69,871.53 Bi-Weekly $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Hourly $ 21.65 $ 22.74 $ 23.87 $ 25.07 $ 26.32 $ 27.64 $ 29.02 $ 30.47 $ 31.99 $ 33.59 Program Assistant 18 Annual $ 52,232.37 $ 54,843.99 $ 57,586.19 $ 60,465.50 $ 63,488.77 $ 66,663.21 $ 69,996.37 $ 73,496.19 $ 77,171.00 $ 81,029.55 Bi-Weekly $ 1,890.76 $ 1,985.30 $ 2,084.57 $ 2,188.80 $ 2,298.24 $ 2,413.15 $ 2,533.81 $ 2,660.50 $ 2,793.52 $ 2,933.20 Hourly $ 25.11 $ 26.37 $ 27.69 $ 29.07 $ 30.52 $ 32.05 $ 33.65 $ 35.33 $ 37.10 $ 38.96 Program Coordinator 23 Annual $ 59,096.13 $ 62,050.94 $ 65,153.49 $ 68,411.16 $ 71,831.72 $ 75,423.31 $ 79,194.47 $ 83,154.20 $ 87,311.90 $ 91,677.50 Program Specialist Bi-Weekly $ 2,139.23 $ 2,246.19 $ 2,358.50 $ 2,476.42 $ 2,600.24 $ 2,730.26 $ 2,866.77 $ 3,010.11 $ 3,160.61 $ 3,318.64 Hourly $ 28.41 $ 29.83 $ 31.32 $ 32.89 $ 34.53 $ 36.26 $ 38.07 $ 39.98 $ 41.98 $ 44.08 Program Specialist Y Annual $ 94,747.98 $ 97,116.68 $ 99,544.60 Bi-Weekly $ 3,429.79 $ 3,515.54 $ 3,603.42
Hourly $ 45.55 $ 46.69 $ 47.86
Account Services Representative 27 Annual $ 65,231.07 $ 68,492.63 $ 71,917.26 $ 75,513.12 $ 79,288.78 $ 83,253.22 $ 87,415.88 $ 91,786.67 $ 96,376.01 $ 101,194.81 Bi-Weekly $ 2,361.31 $ 2,479.37 $ 2,603.34 $ 2,733.51 $ 2,870.18 $ 3,013.69 $ 3,164.38 $ 3,322.59 $ 3,488.72 $ 3,663.16 Hourly $ 31.36 $ 32.93 $ 34.58 $ 36.30 $ 38.12 $ 40.03 $ 42.03 $ 44.13 $ 46.33 $ 48.65 Compliance Tech 30 Annual $ 70,246.73 $ 73,759.07 $ 77,447.02 $ 81,319.37 $ 85,385.34 $ 89,654.61 $ 94,137.34 $ 98,844.21 $ 103,786.42 $ 108,975.74 IT Technician Bi-Weekly $ 2,542.87 $ 2,670.01 $ 2,803.51 $ 2,943.69 $ 3,090.87 $ 3,245.42 $ 3,407.69 $ 3,578.07 $ 3,756.97 $ 3,944.82 Hourly $ 33.77 $ 35.46 $ 37.23 $ 39.10 $ 41.05 $ 43.10 $ 45.26 $ 47.52 $ 49.90 $ 52.39 Clerk of the Board 32 Annual $ 73,802.97 $ 77,493.12 $ 81,367.78 $ 85,436.17 $ 89,707.98 $ 94,193.37 $ 98,903.04 $ 103,848.20 $ 109,040.60 $ 114,492.64 Bi-Weekly $ 2,671.60 $ 2,805.18 $ 2,945.44 $ 3,092.71 $ 3,247.35 $ 3,409.71 $ 3,580.20 $ 3,759.21 $ 3,947.17 $ 4,144.53 Hourly $ 35.48 $ 37.26 $ 39.12 $ 41.08 $ 43.13 $ 45.29 $ 47.55 $ 49.93 $ 52.42 $ 55.04 Data Analyst 33 Annual $ 75,648.05 $ 79,430.45 $ 83,401.97 $ 87,572.07 $ 91,950.67 $ 96,548.21 $ 101,375.62 $ 106,444.40 $ 111,766.62 $ 117,354.95 Grant Analyst Bi-Weekly $ 2,738.39 $ 2,875.31 $ 3,019.08 $ 3,170.03 $ 3,328.53 $ 3,494.96 $ 3,669.71 $ 3,853.19 $ 4,045.85 $ 4,248.14 Hourly $ 36.37 $ 38.19 $ 40.10 $ 42.10 $ 44.21 $ 46.42 $ 48.74 $ 51.18 $ 53.73 $ 56.42 Program Analyst 35 Annual $ 79,477.73 $ 83,451.62 $ 87,624.20 $ 92,005.41 $ 96,605.68 $ 101,435.96 $ 106,507.76 $ 111,833.15 $ 117,424.81 $ 123,296.05 Bi-Weekly $ 2,877.02 $ 3,020.87 $ 3,171.92 $ 3,330.51 $ 3,497.04 $ 3,671.89 $ 3,855.48 $ 4,048.26 $ 4,250.67 $ 4,463.21 Hourly $ 38.21 $ 40.12 $ 42.13 $ 44.23 $ 46.45 $ 48.77 $ 51.21 $ 53.77 $ 56.45 $ 59.28 Finance Manager 41 Annual $ 92,169.80 $ 96,778.29 $ 101,617.21 $ 106,698.07 $ 112,032.97 $ 117,634.62 $ 123,516.35 $ 129,692.17 $ 136,176.77 $ 142,985.61 HR Manager Bi-Weekly $ 3,336.46 $ 3,503.29 $ 3,678.45 $ 3,862.37 $ 4,055.49 $ 4,258.27 $ 4,471.18 $ 4,694.74 $ 4,929.48 $ 5,175.95 Community Strategies Manager Hourly $ 44.31 $ 46.53 $ 48.85 $ 51.30 $ 53.86 $ 56.56 $ 59.38 $ 62.35 $ 65.47 $ 68.74 Capital Assets Manager
Account Services Manager
Program Manager (DSM)
Contracts & Grants Manager
Regulatory & Legislative Policy Manager
Power Resources Manager 48 Annual $ 109,560.93 $ 115,038.98 $ 120,790.92 $ 126,830.47 $ 133,171.99 $ 139,830.59 $ 146,822.12 $ 154,163.23 $ 161,871.39 $ 169,964.96 RREN Admin Bi-Weekly $ 3,966.01 $ 4,164.31 $ 4,372.52 $ 4,591.15 $ 4,820.71 $ 5,061.74 $ 5,314.83 $ 5,580.57 $ 5,859.60 $ 6,152.58 Hourly $ 52.67 $ 55.31 $ 58.07 $ 60.98 $ 64.02 $ 67.23 $ 70.59 $ 74.12 $ 77.82 $ 81.71 Director of Customer Programs 55 Annual $ 130,233.52 $ 136,745.19 $ 143,582.45 $ 150,761.57 $ 158,299.65 $ 166,214.63 $ 174,525.37 $ 183,251.63 $ 192,414.22 $ 202,034.93 Director of Engagement and Regional Climate
Planning Bi-Weekly $ 4,714.34 $ 4,950.05 $ 5,197.55 $ 5,457.43 $ 5,730.30 $ 6,016.82 $ 6,317.66 $ 6,633.54 $ 6,965.22 $ 7,313.48 Hourly $ 62.61 $ 65.74 $ 69.03 $ 72.48 $ 76.11 $ 79.91 $ 83.91 $ 88.10 $ 92.51 $ 97.13 Director of Power Resources 58 Annual $ 140,247.25 $ 147,259.61 $ 154,622.60 $ 162,353.72 $ 170,471.41 $ 178,994.98 $ 187,944.73 $ 197,341.97 $ 207,209.07 $ 217,569.52 Director of Business Planning & Finance Bi-Weekly $ 5,076.82 $ 5,330.66 $ 5,597.20 $ 5,877.06 $ 6,170.91 $ 6,479.46 $ 6,803.43 $ 7,143.60 $ 7,500.78 $ 7,875.82 Deputy Executive Director Hourly $ 67.43 $ 70.80 $ 74.34 $ 78.05 $ 81.96 $ 86.06 $ 90.36 $ 94.88 $ 99.62 $ 104.60 General Counsel 64 Annual $ 162,643.81 $ 170,776.01 $ 179,314.81 $ 188,280.55 $ 197,694.57 $ 207,579.30 $ 217,958.27 $ 228,856.18 $ 240,298.99 $ 252,313.94 Bi-Weekly $ 5,887.56 $ 6,181.94 $ 6,491.03 $ 6,815.59 $ 7,156.36 $ 7,514.18 $ 7,889.89 $ 8,284.39 $ 8,698.61 $ 9,133.54 Hourly $ 78.19 $ 82.10 $ 86.21 $ 90.52 $ 95.05 $ 99.80 $ 104.79 $ 110.03 $ 115.53 $ 121.30 Executive Director 67 Annual $ 175,149.60 $ 183,907.08 $ 193,102.43 $ 202,757.56 $ 212,895.43 $ 223,540.20 $ 234,717.21 $ 246,453.08 $ 258,775.73 $ 271,714.52 Bi-Weekly $ 6,340.26 $ 6,657.27 $ 6,990.13 $ 7,339.64 $ 7,706.62 $ 8,091.95 $ 8,496.55 $ 8,921.38 $ 9,367.45 $ 9,835.82 Hourly $ 84.21 $ 88.42 $ 92.84 $ 97.48 $ 102.35 $ 107.47 $ 112.84 $ 118.49 $ 124.41 $ 130.63 73 This page
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74

Staff Report
Agenda Item # 9.2
Information
Agenda Date July 23, 2026
To Board of Directors
Prepared by Lori Biondini, Director of Business Planning and Finance Beth Burks, Executive Director
Subject Fiscal Year 2026-2027 Budget Amendment
Summary
Staff introduced the draft fiscal year 2026-2027 budget at the May meeting of the RCEA Board of Directors and received feedback on potential strategies to better balance the final budget. Staff incorporated Board feedback and presented a final recommended budget at the June meeting which assumed a total electricity sales revenue that included a retail rate increase of 12.5%. The Board adopted the recommended budget with the direction to revise the assumed rate increase. Staff are now bringing back an amended budget which assumes a 6% rate premium1 over PG&E rates, effective September 1, 2026. The reduced rate increase is based upon updated financial forecasting; therefore, the amended budget also reflects reduced wholesale power cost projections through the next two fiscal years.

Staff Recommendation
Adopt Amended RCEA Fiscal Year 2026-2027 Annual Budget.

Attachments

1. RCEA Fiscal Year 2026-2027 Amended Budget
1 RCEA’s generation rate is currently 31% lower than PG&E’s. When combined with the Power Charge Indifference Adjustment (PCIA) PG&E charges its CCA customers, RCEA’s customers pay a generation charge that is effectively 0.5% below PG&E’s comparable rate. The proposal before the Board would keep RCEA’s generation rate well below PG&E’s, but with the PCIA included, RCEA customers would pay 6% more than bundled customers. 75 This page
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76 Redwood Coast Energy Authority Fiscal Year 2026-2027 Budget (Amended 7/23/26) State Federal Non-government Enterprise
Resilience Grant
(Governor's
Office of Land
Use and Climate
Regional
Charging
Network Grant
(CEC) WFIP (CEC)
Northern Rural
Energy Network
(CPUC)
Implementation
NREN Portfolio
Administration TERAS (DOE) PG&E LGP Core CCA
Revenue Earned
State Contracts 2,000,000 21,200 275,000 2,988,896 12,110,686 Non-government Contracts 399,996
Electricity Sales 51,359,098
Other Income 152,560 600,000
Total 2,000,000 21,200 275,000 2,988,896 12,110,686 152,560 399,996 51,959,098 Expense

WHOLESALE POWER SUPPLY
Sub-total - - - - - - - 53,053,147

PERSONNEL EXPENSES
Sub-total 93,355 15,390 38,822 1,373,794 648,223 83,843 276,072 1,706,157

FACILITIES AND OPERATIONS
Sub-total - - - 10,850 536,232 - - -

COMMUNICATIONS AND OUTREACH
Sub-total - - 191,000 50,963 - - - 125,500

PROFESSIONAL & PROGRAM SERVICES
Regulatory & Legislative 379,601 20,500
Legal 5,000 60,000 20,000 64,500
Accounting 35,000
Program Related Professional Services
Organization Dues & Memberships 155,000 313,839
Subcontractors/Consultants 1,866,039 27,000 45,000 929,281 3,300 CC Power - special projects 86,487
NREN Partner Pass-thru 6,110,548
Wholesale Services - TEA 1,146,894
Procurement Credit - TEA -
Data Management - Calpine 774,452
Customer Billing - PG&E 254,994
Sub-total 1,866,039 - 27,000 50,000 7,634,430 20,000 - 2,699,966

INCENTIVES & REBATES
Sub-total - - - 745,505 2,948,541 - - 760,000

NON OPERATING COSTS
Sub-total - - - - - - - 126,000
Total Expense 1,959,394 15,390 256,822 2,231,112 11,767,426 103,843 276,072 58,470,770 Net Income
Pre-pay savings of 8% 1,885,756
Net Income w/ Pre-pay

77 Redwood Coast Energy Authority Fiscal Year 2026-2027 Budget (Amended 7/23/26) Revenue Earned
State Contracts
Non-government Contracts
Electricity Sales
Other Income
Total
Expense

WHOLESALE POWER SUPPLY
Sub-total

PERSONNEL EXPENSES
Sub-total

FACILITIES AND OPERATIONS
Sub-total

COMMUNICATIONS AND OUTREACH
Sub-total

PROFESSIONAL & PROGRAM SERVICES
Regulatory & Legislative
Legal
Accounting
Program Related Professional Services
Organization Dues & Memberships
Subcontractors/Consultants
CC Power - special projects
NREN Partner Pass-thru
Wholesale Services - TEA
Procurement Credit - TEA
Data Management - Calpine
Customer Billing - PG&E
Sub-total

INCENTIVES & REBATES
Sub-total

NON OPERATING COSTS
Sub-total
Total Expense
Net Income
Pre-pay savings of 8%
Net Income w/ Pre-pay
Indirect
Proposed Fiscal Year
2026-2027
Redwood Community
Airport Microgrid REVNet
Regional Climate
Planning G&A TOTAL
17,395,782
115,536 515,532
152,404 51,511,502
2,930,582 3,683,142
2,930,582 152,404 - 115,536 73,105,958
- - - - 53,053,147
94,051 31,278 305,368 2,182,489 6,848,843
194,500 103,000 1,100 567,244 1,412,926
- - - 16,000 383,463
400,101
5,000 57,000 211,500
53,000 35,000 123,000
468,839
2,870,620
86,487
6,110,548
1,146,894
-
774,452
254,994
53,000 - 5,000 92,000 12,447,435
- - - - 4,454,047
- - - 3,300 129,300
341,551 134,278 311,468 2,861,033 78,729,160
(5,623,202)
1,885,756
(3,737,446)

78