Board of
Directors
Regular Meeting
June 27, 2024
Welcome
&
Call to
Order
Roll
Call
4 Land
Acknowledgement
6 Warm Welcome to Finance Intern!
Michelle Soto
Major: Environmental Econ.
and Policy San Diego Native Student at UC
Berkeley Minor: Data Science
7 Warm Welcome to Public Affairs Intern
Kathleen Cramer
Major: Business First Internship Marketing
Student at CSU San
Marcos Minor: Design
Items to
be Added,
Withdrawn
or
Reordered
on the
Agenda
Public
Comment
for Items
NOT
on the
Agenda
10 Consent
Agenda
1. Approve May 23 and May 30, 2024, Meeting Minutes
2. Receive and File Treasurer’s Report for Period Ending April 30, 2024
3. Receive and File Update on Programs
4. Receive and File Update on Power Services
5. Receive and File Update on Human Resources
6. Receive and File Update on Customer Operations
7. Receive and File Update on Marketing, Public Relations, and Local Government Affairs
8. Receive and File Update on Community Advisory Committee Public
Comment
for
Consent
Agenda
12 Regular
Meeting
Agenda
9. Approval of IT Managed Services Contract with Tech
Mahindra in the not-to-Exceed Amount of $300,000
over Twelve Months with Options for two, One-Year
Extensions with not-to-exceed Amounts of $300,000
for each Subsequent Year
10. Regulatory and Legislative Affairs Update
11. Approval of Second Revision of Reserves Policy
12. Approve Investment Policy Revision
13. Approval of the FY 2024-25 Operating Budget, the
FY 2024-25 Capital Budget, and the FY 2025-29
Capital Investment Plan
13 Item 9
Approval of IT Managed Services Contract with Tech Mahindra in the not-to-Exceed Amount of $300,000 over Twelve Months with Options for two, One-Year Extensions with not-to-exceed Amounts of $300,000 for each Subsequent Year
Recommendation:
Approve a contract in substantially similar form to Attachment A for Managed IT Services and Support with Tech Mahindra in the not-to-exceed amount of $300,000 over twelve months with options for two, one-year extensions with not-to-exceed amounts of $300,000 for each subsequent year.
Presenter: Kiran Singh, Director Data Analytics and IT
Linda Robertson, IT Manager
14 IT Managed Service RFP Scope
Scope and design of RFP allowed to select best value for SDCP I. Desktop Support
II. O365 Infrastructure, Software Support, Maintenance, and License Management III. Network and Security Maintenance, Administration & Support IV. Software, Hardware Procurement, Tracking & Management V. User Onboarding & Offboarding
VI. Data Backup, Restore Support and Administration
VII. On-Site Conference Rooms and Network Support and Maintenance VIII. Off-site event IT support
IX Intranet employee website and content management
X. Cyber Security and Safety Support
15 IT Managed Service RFP Timeline
RFP Issued
April 4
Deadline for
Written Questions
April 10
Respond to
Questions
April 12
Proposals Due
April 23
Proposal
Review
April 10 - 22
Interviews
May 2 - 3
Contract
Negotiation
June 10
Anticipated
Approval
June 27
Public
Comment
for Item 9
17 Item 9
Approval of IT Managed Services Contract with Tech Mahindra in the not-to-Exceed Amount of $300,000 over Twelve Months with Options for two, One-Year Extensions with not-to-exceed Amounts of $300,000 for each Subsequent Year
Recommendation:
Approve a contract in substantially similar form to Attachment A for Managed IT Services and Support with Tech Mahindra in the not-to-exceed amount of $300,000 over twelve months with options for two, one-year extensions with not-to-exceed amounts of $300,000 for each subsequent year.
Presenter: Kiran Singh, Director Data Analytics and IT
Linda Robertson, IT Manager
18 Item 10
Regulatory and Legislative Affairs Update
Recommendation:
Receive and File Regulatory and Legislative Affairs
Update.
Presenters:
Patrick Welch, Senior Legislative Manager
Stephen Gunther, Regulatory Manager
Aisha Cissna, Senior Policy Manager
19 Update on Legislative Affairs
Outline
I. Legislation update on
SDCP supported bills.
II. State budget update –
impacts to energy
programs.
III. Legislative
developments on energy
affordability.
SDCP Bill tracker: https://sdcommunitypower.org/legislative-priorities/ 20 Update on Legislative Affairs
Failed Passage – SDCP Supported Bills
• SB 1165 (Padilla): reintroduction of SB 619 (Padilla) from 2023 to allow the CEC to undertake CEQA review for certain transmission projects.
o Held by the Senate Appropriations Committee due to cost pressures on the CEC. • AB 2329 (Muratsuchi): would have created the CA Affordable Decarbonization Authority to provide non-ratepayer dollars to fund elements of the clean energy transition. o Held by the Assembly Appropriations Committee due to costs. • AB 2891 (Friedman): would have tasked the CEC to set up standards so that CCAs could get RA value when they reduce demand through load automation/flexible load strategies. o Held by the Assembly Appropriations Committee due to cost pressures on the CEC. • AB 817 (Pacheco): would have streamlined agenda posting requirements to make it more practical for advisory bodies to meet in a hybrid or virtual format. o Failed passed in the Senate Local Government Committee on 6/5. 21 Update on Legislative Affairs
Legislation Moving Forward – SDCP Supported Bills
• SB 59 (Skinner): would require electric vehicles to be bidirectional-capable if there is a sufficiently compelling beneficial use case for the vehicle and the electric grid. o New bill introduced on June 10. A modified version of SB 233 (Skinner), which SDCP supported and failed passage in 2023.
• AB 1834 (Garcia): would clarify that the CPUC needs to consider certain ratepayer protections when developing a capacity payment structure that could be assessed on an LSE under specific summer grid emergency conditions.
o Approved by the Assembly 72-0 and the Senate Energy, Utilities, & Communications Committee . • AB 2672 (Petrie-Norris): would allow Project Homekey sites that provide housing for persons experiencing homelessness – there are 5 in San Diego – to be eligible for the 30-35% CARE bill discount. o Approved by the Assembly 72-0 and Pending hearing in the Senate Energy, Utilities & Communications Committee.
• ACR 153 (Petrie-Norris): declared March 14 of each year as California Utility Workers Appreciation Day. o Passed.
22 Update on Legislative Affairs
Transmission Legislation Moving Forward – SDCP Supported • SB 1006 (Padilla): would require planning or the use of grid enhancing technologies – power control devices – and advanced conductors to unlock capacity on existing corridors. o Approved by the Senate 39-0 and the Assembly Utilities & Energy Committee 16-0. • AB 3238 (Garcia): would streamline a CPUC approval process for certain transmission lines, cutting down the approval timelines from around 1,700 days to just over 900 days. o Approved by the Assembly 62-0 the Senate Energy, Utiand lities & Communications Committee. • AB 2779 (Petrie-Norris): would require the CAISO to report to the state energy agencies on the use of advanced conductors and grid enhancing technologies in the transmission planning process. o Approved by the Assembly 65-0 and pending a vote of the full Senate. • AB 3246 (Garcia): would create a streamlined CPUC approval process for the use of advanced conductors.
o Approved by the Assembly 72-0 and the Senate Energy, Utilities & Communications Committee. 23 Update on Legislative Affairs
State Budget Agreement Announced – Impacts to Key Energy Programs • Addresses a $46.8 billion deficit through use of
reserves, program reductions, delays, and fund shifts
• CEC Distributed Electricity Backup Assets (DEBA)
program: distribution level clean energy solutions for
grid reliability. Reduction of $63 million leaving $532 million through 2027.
• CEC Equitable Building Decarbonization (EBD)
program: electrification of buildings. Reduction from
$922 million to $539.5 million spread over 5 years.
• CPUC Self-Generation Incentive Funds: residential
solar + storage. Reduction from $630 million to $280
million.
24 Update on Legislative Affairs
Legislative Deliberations About Reducing Electric Bills • Both the Senate Energy, Utilities &
Communications Committee and the Assembly
Utilities & Energy Committee have held oversight
hearings to explore affordability solutions.
• The details are being worked out and AB 3264
(Petrie-Norris) has been introduced as a
placeholder bill.
• Potential areas of focus:
o Set a bill savings target.
o Create an affordability metric to use in CPUC
general rate cases.
o Review the appropriateness of ratepayer
spending on energy efficiency programs.
o Consider public financing of transmission
projects.
25 Self-Generation Incentive Program
Center for Sustainable Energy Motion Still Under CPUC Review 26 Self-Generation Incentive Program
AB 209 Implementation and Programmatic Changes
• $280M in solar and storage incentives for low-income customers • Updated incentive levels
• Expands categorical eligibility
• 50% upfront payment
• Eligible project costs
• IRA tax credits
• Tribal customer set-aside
• NBT migration
• DR program participation
27 Disconnections
Disconnection Rate Caps
• COVID-era disconnection rate caps expire at
the end of 2024
• SDG&E's cap is currently set at 3%
• Should the CPUC adopt permanent caps?
28 Disconnections
Allocation of Past Due Payments
• CPUC authorized proportional allocation method
in 2021 when IOUs were not disconnecting
residential customers
• Now that disconnections have resumed, should
the CPUC make the proportional allocation
method permanent?
29 San Diego Regional Energy Network
PROPOSED DECISION
APPROVING MOTION!
• Approves full budget and program
portfolio: $124,274,207
• Does not consider SDG&E's intent to
withdraw
• Opening comments due 7/10/24
• Reply comments due 7/15/24
• Earliest voting meeting: 8/1/24
30 Income-graduated fixed charge (IGFC)
Background
Assembly Bill (AB) 205 authorizes investor-owned utilities (IOU) to change the structure of residential customer bills by shifting a portion of fixed costs currently recovered through volumetric rates (cents-per kWh) into a separate set monthly dollar amount, while reducing the volumetric rate.
Proposals were filed in the California Public Utilities Commission’s (CPUC) Demand Flexibility proceeding (R. 22-07-005). Changes are confined to distribution and transmission costs.
On May 9, 2024, the CPUC adopted a Final Decision approving the first phase of the fixed charge.
31 Income-graduated fixed charge (IGFC)
Final Decision
• Adopts a new fixed charge that will
appear on residential customers’ bills
in three tiers.
• Utilizes existing income-verification
processes of the utilities’ California
Alternate Rates for Energy (CARE)
and Family Electric Rate Assistance
(FERA) programs.
• CPUC estimates SDG&E customers
who electrify their home and vehicle
will save up to $39 a month in inland
climate zones and up to $43 in
coastal climate zones.
TIER DESCRIPTION MONTHLY FIXED
CHARGE AMOUNT
1 0-100% of the Federal Poverty
Guidelines (customers enrolled in
CARE)
Approximately $6
2 100-200% of Federal Poverty
Guidelines (customers enrolled in
FERA) and those renting deed-restricted affordable housing Approximately $12
3 Everyone else $24.15
32 Income-graduated fixed charge (IGFC)
Implementation and Timing
The Decision orders IOUs to:
• Within 60 days: invite parties to this proceeding to a workshop, consult with the CPUC’s staff to plan the workshop, and jointly host a public workshop to discuss each utility’s marketing, education, and outreach plan and consistent proposed terminology, high-level messages, and metrics
• Within 90 days: File a Tier 3 advice letter to implement IGFC, remove minimum bills from residential customer bills (if applicable), and propose a marketing, education, and outreach plan.
SDG&E shall begin to apply the adopted changes to residential customer bills during the fourth quarter of 2025.
33 Green Access Programs
Background
• On May 31, 2022, the IOUs each filed an application for review of the Disadvantaged Communities Green Tariff (DAC-GT), the Community Solar Green Tariff (CSGT), and the Green Tariff Shared Renewables (GTSR) programs.
• Assembly Bill 2316 (Ward, 2022) directed the CPUC to evaluate existing community solar programs and determine whether it would be beneficial to establish a new community renewable energy program. • On December 2, 2022, the assigned Commissioner issued a Scoping Memo and Ruling party evaluation of existing programs and proposals for revised and new programs. • SDCP became a program administrator of the DAC-GT and CSGT programs (Solar for Our Communities) in Q1 2023 and has been active in the proceeding with a group of CCAs. • Both programs provide a 20% discount on the electricity and delivery portion of an eligible customers’ bill when subscribed to a local project that meets the requirements. 34 Green Access Programs
Final Decision Summary
On May 30, 2024, the CPUC approved a Final Decision, which:
Consolidates the current CSGT and DAC-GT
• Discontinues CSGT and transfers remaining capacity to DAC-GT • Modifies DAC-GT
Rejects the Net Value Billing Tariff (NVBT) proposal from the Coalition for Community Solar Access
Adopts a new Community Renewable Energy Program
35 Green Access Programs
DAC-GT modifications
• Expands DAC-GT site requirement from within
a DAC to no more than 5 miles from DACs.
• Updates the project cost containment cap,
which will be revised through an Advice Letter
process and include CCA input.
• Decreases DAC-GT program solicitations to a
minimum of once a year.
• Allows the voluntary inclusion of storage in
solicitations.
SDCP has over 40 eligible census tracts located in Chula Vista, National City, and the City of San Diego.
36 Green Access Programs
New Community Renewable Energy Program
• Utilizes an existing foundational tariff for IOUs (such as the Renewable Market Adjusting Tariff (ReMAT) or Standard-Offer-Contract).
• Allows customers to subscribe to the program and receive a flat monetary credit on their monthly bill based on a percentage of each project’s overall revenue share (no less than 20% for low-income customers). • $33 million appropriated to the CPUC as a subsidy to subscribing low-income customers who enroll or are enrolled program + the Commission anticipates using some portion of the recently awarded $249,800,000 EPA Solar for All grant funding.
• On June 5, 2024, the CPUC issued a Ruling on implementation details, including how CCAs can participate.
• Opening Comments due July 10 and Replies Comments due July 28.
Public
Comment
for Item 10
38 Item 10
Regulatory and Legislative Affairs Update
Recommendation:
Receive and File Regulatory and Legislative Affairs
Update.
Presenters:
Patrick Welch, Senior Legislative Manager
Stephen Gunther, Regulatory Manager
Aisha Cissna, Senior Policy Manager
39 Item 11
Approval of Second Revision of Reserves Policy
Recommendation:
Approve Second Revision to Financial Reserves
Policy.
Presenter:
Timothy Manglicmot, Director of Finance
41 9%9%
13%23%37%48%62%61%67%70%73%74%69%
$0.0M
$100.0M
$200.0M
$300.0M
$400.0M
$500.0M
$600.0M
$700.0M
$800.0M
$900.0M
$1000.0M
4/30/20235/31/20236/30/20237/31/20238/31/20239/30/2023
10/31/202311/30/202312/31/2023
1/31/20242/29/20243/31/20244/30/2024
90-Days
Cash on Hand Target
180-Days
Cash on Hand Target
SDCP has met its 90-days
cash on hand reserve policy
target and is approaching its
180-day strategic goal target.
Historical Cash on Hand and Liquidity
42 Reserve Policy Updates
SDCP will allocate up to 15% of gross revenue
annually toward building an Operating/Working
Capital Reserve equivalent to 90 days of total
operating expenses held as unrestricted cash.
Contribution:
15% Gross Revenue
Annually
Goal:
90-Days Operating
Expense
Current Policy
The contribution to Reserves is determined
through SDCP’s annual budget process as
defined in the agency’s Budget Policy and/or
SDCP’s rate setting process as defined in the
agency’s Rate Development Policy.
Contribution:
Discretionary
Goal:
180-Days Cash on
Hand
Proposed Policy
Use of Excess Reserves
Capital
Projects
Financing
Programs
Paying
Debt
Rate
Reductions
Strategic
Purposes
Stabilization
Reserve
Programmatic
Reserve
Use of Excess Reserves
Capital
Projects
Financing
Programs
Paying
Debt
Rate
Reductions
Strategic
Purposes
Definitions
Reserves: Net Position
Days cash on hand:
(unrestricted cash and cash
equivalents) x 365 /
(operating expenses for the
current fiscal year)
44 Benchmarking – CCA Reserve Targets
240-Days
MCE
180-Days
3CE
180-Days
PCE
120-Days
CPA
Days Cash on Hand Reserve Targets
S&P Credit Rating
A/Stable
MCE
A/Stable
3CE
A-/Stable
PCE
A-/Stable
CPA
90-Days
Reserve Goal
180-Days
Proposed Update
SDCP
Public
Comment
for Item 11
46 Item 11
Approval of Second Revision of Reserves Policy
Recommendation:
Approve Second Revision to Financial Reserves
Policy.
Presenter:
Timothy Manglicmot, Director of Finance
47 Item 12
Approve Investment Policy Revision
Recommendation:
Board Approval of Resolution No. 2024-04, adopting
the first revision of the SDCP Investment Policy.
Presenter:
Dr. Eric Washington, Chief Financial Officer/Treasurer
Timothy Manglicmot, Director of Finance
48 Investment Policy Timeline
The timeline including Chandler Asset Management
process:
SDCP Board
approved
Investment Policy
permitting SDCP to
engage external
Investment Advisors
May 2023 December 2023
Issued RFP for
Financial and
Investment Portfolio
Management Services
January 2024
Selected Chandler
Asset Management
February 2024
SDCP Board Approval Investment Advisor
Transition
Review of
Investment Policy
49 Development of Investment Policy
Investment Policy
Peer CCAs
Member
Agencies
Reporting
Financial
Best
Practices
Investment
Objectives
Investment
Types
Prohibited
Investments
Controls
50 Investment Policy Revisions
The revised Investment Policy includes updated language from the recent passing of SB 1489:
Market
Benchmark
Added to Annual Report
Updated
Glossary
Clearer Glossary Terms
Collateralization
Language
Pursuant to State Code
Risk
Management
Renamed Diversification section to
include Risk Management
Prohibited
Investments
Securities with settlement date
exceeding 45 days
Acceptable
Investments
4 Additional Investment Types
51 Acceptable Investment Types
Deposits at Banks
Local Agency Investment Fund (LAIF)
US Treasury Obligations
Federal Agency Securities
Bankers’ Acceptances
Negotiable Certificates of Deposit
Placement Service Deposits
Money Market Funds
Commercial Paper
All Authorized investment types for SDCP are pursuant to California Government Code 53601. Medium Term Notes Pass Thru Securities Municipal Securities Supranationals Added
Acceptable
Investments
Acceptable
Investments
52 Prohibited Investment Types
ₓ Inverse Floaters
ₓ Range Notes
ₓ Mortgage-derived Interest-only
Strips
ₓ Foreign Currency
ₓ Crypto Asset Securities
ₓ Trading securities for the sole
purpose of speculating on the
future direction of interest rates.
ₓ Purchasing or selling securities on
margin.
Pursuant to Section 53601.6, SDCP shall not invest in any fund or security that could result in a zero-interest accrual, or less, if held to maturity. These prohibited investments include, but are not limited to:
ₓ Securities with settlement
date exceeding 45 days
(SB 1489 Requirement)
Added
Prohibited
Investments
Prohibited
Investments
53 Investment Objectives (Safety, Liquidity, Return,
Standard of Care)
Safety
Ensure the preservation of
principal.
Liquidity
Remain sufficiently liquid to
meet operating needs.
Return
Portfolio shall be designed to
attain a market rate of return.
Care
SDCP will manage investments
accordance with the “Prudent
Investor Standard”.
SDCP will manage investments pursuant to California Government Code 53600.3
Public
Comment
for Item 12
55 Item 12
Approve Investment Policy Revision
Recommendation:
Board Approval of Resolution No. 2024-04, adopting
the first revision of the SDCP Investment Policy.
Presenter:
Dr. Eric Washington, Chief Financial Officer/Treasurer
Timothy Manglicmot, Director of Finance
56 Item 13
Approval of the FY 2024-25 Operating Budget, the
FY 2024-25 Capital Budget, and the FY 2025-29
Capital Investment Plan
Recommendation:
Board Approval of Resolution No. 2024-03, adopting the FY 2024-2025 Operating Budget, the FY 2024-2025 Capital
Budget, and the FY 2025-2029 Capital Investment Plan.
Presenter:
Dr. Eric Washington, Chief Financial Officer/Treasurer
Budget Development for FY 2024-25
The Board adopted schedule for budget development is
the following.
Develop Operating
Revenue Estimate
Develop Operating
Expense Estimate
Develop financial
plan for credit rating
in 3-years
February March-April
Strategic planning
sessions with SDCP
Board
Staff develop
operating budgets
Baseline budget is
developed
May
Financial and Risk
Management
Committee Review
SDCP Board Preview
(Information Item)
June
Financial and Risk
Management
Committee Review
SDCP Board Approval
July 1st Budget
Implemented
Mid-year budget
review (February)
Budget amendments
as necessary
58 Budget Principles for FY 2024-25
• Maintain a fiscally responsible and sustainable
budget.
• Maintain sufficient funds and reserves to
sustain operations while considering future
economic conditions.
• Provide an easier to understand and user-friendly operating budget for both internal and external users.
• Develop budget within framework of public-agency guidelines and best practices. • Engage the SDCP Board, constituent groups,
and the public in the budget process and inform
them about sustainable energy needs.
• Keep the SDCP Board of Directors and Executive
Team informed on the fiscal condition of SDCP.
• Develop a budget that will ultimately prioritize
people, transparency, and our communities.
59 • Thoughtfully scale the agency by
growing to 80 total staff.
• Continued outreach through community
events, sponsorships and advertising
to inform customers about SDCP.
• Projects added into Capital Investment
Plan (CIP) for non-recurring costs.
• Reducing Professional Service
Agreement costs by in-housing
services.
Budget - Highlights
60 Budget – Summary
Item FY 24 Amended
Budget, $M
FY 25 Draft Budget,
$M
Gross Revenue 1,365.7 1,233.4
Less Uncollectible Accounts (61.5) (55.5)
Net Revenue 1,304.3 1,177.9
Cost of Energy 1,020.8 1,073.6
Non-Energy Costs 43.8 53.8
Subtotal Operating Expense 1,064.6 1,127.5
Debt Service 2.4 1.3
Capital Investment Plan 3.9 15.2
Total Expense 1,071.0 1,143.9
Net Position 232.7 34.0
Cumulative Net Position 418.7 452.7
95% Cost of Energy
61 Budget – Changes since May Meeting
Category 5/25 Board Meeting 6/27 Board Meeting FY25 Budget Change % Change
Revenue
Gross Ratepayer Revenues $ 1,223,897,182 $ 1,233,430,250 $ 9,533,068 1% (Less 4.5%* Uncollectible ) $ 55,075,373 $ 55,504,361 $ 428,988 1% Total $ 1,168,821,809 $ 1,177,925,889 $ 9,104,080 1%
Expenditures
Cost of Energy $ 1,059,154,955 $ 1,073,648,137 $ 14,493,182 1% General and Administration $ 7,734,163 $ 7,440,416 $ (293,747) -4% Marketing and Outreach $ 3,274,454 $ 3,010,404 $ (264,050) -8% Personnel Costs $ 17,854,012 $ 18,570,043 $ 716,031 4%
Professional Services and Consultants $ 25,087,218 $ 24,799,232 $ (287,986) -1% Programs $ 100,000 $ - $ (100,000)
Total $ 1,113,204,802 $ 1,127,468,231 $ 14,263,430 1%
Debt Service $ 2,551,069 $ 1,276,000 $ (1,275,069) -50% CIP $ 10,275,030 $ 15,175,030 $ 4,900,000 48%
Net Position $ 42,790,908 $ 34,006,627 $ (8,784,281) -21% 62 FY 2025-29 Capital Investment Plan (CIP)
Solar Battery Savings
Program
Regional
Energy
Network
CPUC Green
Tariffs
Solar/Storage
Feasibility Study
C&I Incentive
Program Community Grants
63 Draft CIP – Summary
Item Carryforward,
$M
FY 25 Draft Budget,
$M
CIP - Operating Transfer In 3.2 15.2
DAC-GT CSGT - 0.5
Regional Energy Network - 0.7
CDFA Healthy Ref. Grant 0.7 -
Total CIP Revenue 3.9 16.4
Total CIP Expense 3.9 16.4
5-year planning document for tracking program spending over multiple years and non-recurring project costs
Leverages state and federal funding
Inform region of community anticipated needs
64 Draft FY 2024-25 Budget
Budget Changes by Category
Revenue
Cost of Energy
Enrollment complete. Board approved
rate change in January 2024.
All contracts updated. Forward energy
prices updated for open positions.
FY24
$1,365.7m
FY24
$1,020.8m
Professional
Services
Personnel
Marketing and
Outreach
General and
Administrative
FY25
$1,223.9m
FY25
$1,073.6m
Calpine higher with full enrollment.
ETRM included. IT managed services,
procurement counsel increased.
FY24
$22.3m
FY25
$24.8m
Recruitment strategy of 10 new staff
growing the agency to 80 total staff.
FY24
$11.7m
FY25
$18.6m
Customer interface improvements, slight
increases to Partnerships and Events &
Sponsorships.
FY24
$2.9m
FY25
$3.0m
Increased G&A budget to support
operating and staff growth anticipated for
FY25.
FY24
$6.8m
FY25
$7.4m
Programs Programs budget included in CIP as
continuing projects. Overall admin in
operating.
FY24
$0.1m
FY25
$0.0m
65 Draft Budget – Personnel
Department SDCP
Current
SDCP
Proposed MCE CPA AVA PCE 3CE
Power Services 9 16 7 14 12 9 5
Data Analytics, IT & Customer Ops. 8 14 21 15 17 9 9
Public Affairs 9 12 16 8 9 8 4
Programs 7 11 19 6 12 7 4
Finance 6 7 5 12 5 2 5
Legal/Regulatory and Legislative 4 6 11 11 8 6 2
Executive Team 5 5 5 8 4 6 4
Operations 5 5 6 1 3 7 -
Human Resources 3 4 5 3 5 1 1
Total 56 80 95 78 75 49 38
66 Budget – Personnel Operating Funding External Funding Authorized in FY24 Proposed in FY25
69 FTEs
authorized
through FY24
14 FTEs vacant
1 FTE funded
externally in
FY24
4.8 FTEs funded
by operating
proposed in FY25
69 FTEs
authorized
through FY24
5.2 FTEs funded
externally proposed
in FY25
: Filled
: Vacant/Proposed
67 Budget – CCA Comparison
Community Choice
Aggregator
Years Est.
(JPA eff.
Date)
Customer
Accounts*
Cost of
Energy, $M**
Non-Energy
Costs, $M
Net
Ratepayer
Revenue, $M
Energy
Costs/Net
Revenue (%)
Clean Power Alliance Jun 2017 1,006,961 1,393.30 67.51 1,585.29 88% San Diego Community
Power Oct 2019 921,471 1,073.60 53.80 1,177.90 91%
East Bay Community Energy Dec 2016 643,275 753.52 56.62 962.74 78% Marin Clean Energy Dec 2008 586,296 688.76 45.55 787.86 87% Central Coast Community
Energy Mar 2018 445,377 520.30 42.54 562.83 92%
Peninsula Clean Energy Feb 2016 309,994 437.86 56.71 466.93 94% Clean Energy Alliance*** Nov 2019 250,014 317.09 9.38 351.57 90% *Source: CalCCA as of December 2023. CEA includes recent Oceanside and Vista participation through 6/12/2024. **CPA from 5/16/24 Community Advisory Committee FY25 draft budget. SDCP from proposed FY25 budget. EBCE from 5/8/24 Finance Subcommittee FY25 draft budget. MCE from 3/21/24 Board meeting FY25 proposed budget. PCE from 5/13/14 Audit and Finance Committee FY25 draft budget. 3CE from FY24 adopted budget. ***CEA assumes “Option A” budget with Winter Rate Increase 30%; Summer Rate Increase 15% Public
Comment
for Item 13
69 Item 13
Approval of the FY 2024-25 Operating Budget, the
FY 2024-25 Capital Budget, and the FY 2025-29
Capital Investment Plan
Recommendation:
Board Approval of Resolution No. 2024-03, adopting the FY 2024-2025 Operating Budget, the FY 2024-2025 Capital
Budget, and the FY 2025-2029 Capital Investment Plan.
Presenter:
Dr. Eric Washington, Chief Financial Officer/Treasurer
Report by
Chief
Executive
Officer
Director
Comments
78 Closed
Session
Agenda
1. PUBLIC EMPLOYEE PERFORMANCE EVALUATION
PURSUANT TO GOVERNMENT CODE SECTION 54957
Title: Chief Executive Officer
2. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT
TO GOVERNMENT CODE SECTION 54957.6
Agency designated representative(s): General Counsel
Unrepresented employee: Chief Executive Officer
Public
Comment
on Closed
Session
Items
CLOSED
SESSION
RECESS
81 Open Session
Regular
Agenda –
Continued
GENERAL COUNSEL REPORT FROM CLOSED
SESSION
ADJOURNMENT
Adjournment
Next Regular
Board of Directors Meeting
August 22, 2024