Agenda packet — Silicon Valley Clean Energy Board of Directors, March 9, 2022 (part 1 of 3)

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Pursuant to the Americans with Disabilities Act, if you need special assistance in this meeting, please contact the Clerk for the Authority at (408) 721-5301 x1005. Notification 48 hours prior to the meeting will enable the Authority to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 35.105 ADA Title II).

US: +1 669 219 2599
Webinar ID: 869 2931 3165
This meeting will be conducted in accordance with California Government Code Section 54953(e), in consideration of the Coronavirus (COVID-19). All members of the Silicon Valley Clean Energy Board of Directors and staff will participate in this meeting by teleconference.

Members of the public may observe this meeting electronically by accessing the meeting via instructions above. Public Comments can be sent in advance of the meeting to Board Clerk Andrea Pizano at [email protected] and will be read within the public comment period or the applicable agenda item. The public will also have an opportunity to provide comments during the meeting. Members of the public using Zoom may comment during public comment or the applicable agenda item by using the Raise Hand feature and you will be recognized by the Chair. Those using the telephone (audio only) feature should press star 9 on your phones to initiate the “Raise Hand” function in Zoom. You will then be announced, unmuted, and your time to speak will begin.

The public may provide comments on any matter listed on the Agenda. Speakers are customarily limited to 3 minutes each, however, the Board Chair may increase or decrease the time allotted to each speaker based on the number of speakers, the length of the agenda and the complexity of the subject matter. Speaking time will not be decreased to less than one minute.

If you are an individual with a disability and need a reasonable modification or accommodation pursuant to the Americans with Disabilities Act (“ADA”) please contact Board Clerk Andrea Pizano at [email protected] prior to the meeting for assistance.

AGENDA
Call to Order
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Liz Gibbons, Chair
City of Campbell
George Tyson, Vice Chair
Town of Los Altos Hills
Jon Robert Willey
City of Cupertino
Zach Hilton
City of Gilroy
Neysa Fligor
City of Los Altos
Rob Rennie
Town of Los Gatos
Evelyn Chua
City of Milpitas
Javed Ellahie
City of Monte Sereno
Yvonne Martinez Beltran
City of Morgan Hill
Margaret Abe-Koga
City of Mountain View
Tina Walia
City of Saratoga
Larry Klein
City of Sunnyvale
Otto Lee
County of Santa Clara
svcleanenergy.org
333 W El Camino Real
Suite 330
Sunnyvale, CA 94087
Roll Call
Public Comment on Matters Not Listed on the Agenda
The public may provide comments on any matter not listed on the Agenda provided that it is within the subject matter jurisdiction of SVCE. Speakers are customarily limited to 3 minutes each, however, the Board Chair may increase or decrease the time allotted to each speaker based on the number of speakers, the length of the agenda and the complexity of the subject matter. Speaking time will not be decreased to less than one minute.

Consent Calendar (Action)
1a) Approve Minutes of the February 9, 2022, Board of Directors Meeting 1b) Receive January 2022 Treasurer Report
1c) Adopt Resolution Authorizing Public Meetings to Continue to Be Held Via Teleconferencing Pursuant to Government Code Section 54953(e) and Making Findings
1d) Authorize the Chief Executive Officer Ability to Modify and Extend Scheduling Services Agreement with ZGlobal Inc.
1e) Adopt Resolution Delegating Authority to the Chief Executive Officer to Amend Existing Renewable Resources Power Purchase Agreements (PPAs) and Energy Storage Service Agreements (ESSAs) As Exigent Circumstances Arise Consistent with Policies and Financial Parameters Initially Established in the Approval of the PPAs
1f) Approve Bill Credits to CARE/FERA Customers to Implement Board Direction to Distribute $3 Million in Customer Relief Funding 1g) Approve and Authorize the Chief Executive Officer to Execute Agreement with School of Thought for Marketing and Advertising Services
1h) Receive SVCE Rate Schedules Effective March 1, 2022 1i) Accept Committee Report and Authorize Support for Legislation to Amend the Brown Act to Promote Remote Meetings
1j) Executive Committee Report
1k) Finance and Administration Committee Report
1l) Audit Committee Report
1m) Legislative and Regulatory Response to Industry Transition 2022 Ad Hoc Committee Report
1n) California Community Power Report
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Liz Gibbons, Chair
City of Campbell
George Tyson, Vice Chair
Town of Los Altos Hills
Jon Robert Willey
City of Cupertino
Zach Hilton
City of Gilroy
Neysa Fligor
City of Los Altos
Rob Rennie
Town of Los Gatos
Evelyn Chua
City of Milpitas
Javed Ellahie
City of Monte Sereno
Yvonne Martinez Beltran
City of Morgan Hill
Margaret Abe-Koga
City of Mountain View
Tina Walia
City of Saratoga
Larry Klein
City of Sunnyvale
Otto Lee
County of Santa Clara
svcleanenergy.org
333 W El Camino Real
Suite 330
Sunnyvale, CA 94087
Regular Calendar
2) Receive Audit Results and Accept the Findings from Independent Auditor (Action)
3) CEO Report (Discussion)
4) Approve the Mid-Year 2021-22 Adjusted Operating Budget (Action) 5) Authorize the Chief Executive Officer to Execute Necessary Agreements for Goal Line Long Duration Energy Storage with California Community Power, Participating Community Choice Aggregators and Goal Line BESS 1, LLC (Action)
6) Adopt Resolution Approving Funding Allocations for “Double Down” on Decarbonization Programs (Action)
7) Update on New Construction Reach Codes and Existing Building Electrification Policies (Discussion)
Board Member Announcements and Direction on Future Agenda Items Adjourn
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Silicon Valley Clean Energy Revised: October 10, 2019
1 SVCE

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

CALCCA – California Community Choice Association – Association made up of Community Choice Aggregation (CCA) groups which represents the interests of California’s community choice electricity providers.

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

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

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

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

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

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

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

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

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

Silicon Valley Clean Energy Revised: October 10, 2019
2 DLAP – Default Load Aggregation Point – In the CAISO’s electricity optimization model, DLAP is the node at which all bids for demand should be submitted and settled. SVCE settles its CAISO load at the PG&E DLAP as SVCE is in the PG&E transmission access charge area.

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

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

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

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

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

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

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

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

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

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

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

Silicon Valley Clean Energy Revised: October 10, 2019
3 LCFS – Low Carbon Fuel Standard – A CARB program designed to encourage the use of cleaner low-carbon fuels in California, encourage the production of those fuels, and therefore, reduce greenhouse gas emissions.

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

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

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

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

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

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

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

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

PCC1 – RPS Portfolio Content Category 1 – Bundled renewables where the energy and REC are dynamically scheduled into a California Balancing Authority (CBA) such as the CAISO. Also known as “in-state” renewables PCC2 – RPS Portfolio Content Category 2 – Bundled renewables where the energy and REC are from out-of-state and not dynamically scheduled to a CBA.

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

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

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

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

Silicon Valley Clean Energy Revised: October 10, 2019
4 PPA – Power Purchase Agreement – A contract used to purchase the energy, capacity and attributes from a renewable resource project.

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

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

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

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

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

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

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

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

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

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Silicon Valley Clean Energy Authority
Board of Directors Meeting
Wednesday, February 9, 2022
7:00 pm
Pursuant to State of California Gov’t Code Section 54953 (e) the meeting was conducted via teleconference.

DRAFT MINUTES
Call to Order:

Chair Gibbons called the meeting to order at 7:01 p.m.

Roll Call

Present:

Liz Gibbons (Chair), Campbell
George Tyson (Vice Chair), Los Altos Hills
Jon Robert Willey, Cupertino
Zachary Hilton, Gilroy
Neysa Fligor, Los Altos
Rob Rennie, Los Gatos
Evelyn Chua, Milpitas
Javed Ellahie, Monte Sereno
Yvonne Martinez Beltran, Morgan Hill
Margaret Abe-Koga, Mountain View
Tina Walia, Saratoga
Larry Klein, Sunnyvale
Otto Lee, Santa Clara County (arrived at 7:05 p.m.)

Absent:

None.

All present Board members participated via teleconference.

Chair Gibbons welcomed Director Larry Klein.

Public Comment on Matters Not Listed on the Agenda
Chair Gibbons noted a comment from a member of the public was received and distributed to the Board of Directors.

No speakers.

Board Clerk Andrea Pizano announced Director Lee had joined the meeting.

Consent Calendar
1a) Approve Minutes of the January 12, 2022, Board of Directors Meeting 1b) Receive December 2021 Treasurer Report
Item 1a Draft Minutes of the February 9, 2022 Board of Directors Meeting r,, SILICON VALLEY \:!,,/ CLEAN ENERGY

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1c) Adopt Resolution Authorizing Public Meetings to Continue to Be Held Via Teleconferencing Pursuant to Government Code Section 54953(e) and Making Findings 1d) Adopt Resolution Modifying Delegation of Authority to the Chief Executive Officer to Negotiate Non-Standard Pricing Agreements for Eligible Large Commercial and Industrial Customers, to Include Customer-Provided Supply Agreements
1e) Approve 2022 Updates to Exhibit C, Annual Energy Use, and Exhibit D, Voting Shares, of the SVCE Joint Powers Agreement
1f) Approve Cancellation of July 13, 2022 Board of Directors Meeting and Receive 2022 Board of Directors Regular Meeting Schedule
1g) Authorize the Chief Executive Officer to Extend the Contract Terms and Spending Under Innovation Onramp Participant Agreement with UtilityAPI, Inc. for Data Hive 1h) Adopt Resolution Amending SVCE Conflict of Interest Code to Add Multiple Positions 1i) Executive Committee Report
1j) Finance and Administration Committee Report
1k) Audit Committee Report
1l) California Community Power Report
There were no questions or comments from the Board; there were no requests from the public to speak on any matter on the Consent Calendar.

MOTION: Director Rennie moved and Director Klein seconded the motion to approve the Consent Calendar, Items 1a through 1l.

The motion carried unanimously by verbal roll call vote.

Regular Calendar
2) CEO Report (Discussion)
CEO Balachandran reported on the following:
• Net Energy Metering 3.0 decision, noting it was on hold and would not appear on the agenda until further discussions take place;
• SVCE mid-year budget which would be brought to the Board of Directors in March, • Announcement of Senior Regulatory Analyst Poonum Agrawal and Director of Legislative and Regulatory Policy Melicia Charles leaving the organization; • Introduction of Aidas Baublys, SVCE’s new Senior Financial Analyst, who provided welcome comments;
• Announcement of promotion of Justin Zagunis to Director of Decarbonization and Grid Innovation Programs, who provided brief comments;
• Announcement of Director of Account Services and Community Relations Don Bray’s transition to a new role focused on special projects in the spring, who provided brief comments; • Reorganization ideas are in progress with Department Directors.

CEO Balachandran called attention to the department updates included in the Board meeting agenda packet, specifically the Media and Press Releases in the Account Services and Community Relations update.

Director Rennie shared appreciation for Director of Account Services and Community Relations Bray. 3) Appoint 2022 Board Committee Members (Action)
Board Clerk Pizano provided a brief staff report on the item and summarized the interests received for each of SVCE’s remaining committees: Legislative and Regulatory Ad Hoc Committee, Audit Committee, and Finance and Administration Committee.

Item 1a Draft Minutes of the February 9, 2022 Board of Directors Meeting

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Chair Gibbons opened Public Comment.

No speakers.

Chair Gibbons closed Public Comment.

MOTION: Director Ellahie moved and Director Chua seconded the motion to confirm committee membership as presented by staff:

Legislative and Regulatory Ad Hoc Committee

1. Director Liz Gibbons

2. Director Zach Hilton

3. Director Rob Rennie

4. Director Yvonne Martinez Beltran

5. Director Margaret Abe-Koga

6. Alternate Director Gustav Larsson
Audit Committee

1. Alternate Director Bryan Mekechuk

2. Director Margaret Abe-Koga

3. Alternate Director Sergio Lopez

4. Vickie Rahman, Finance Analyst, City of Gilroy
Finance and Administration Committee

1. Director Liz Gibbons

2. Alternate Director Hung Wei

3. Director Rob Rennie

4. Alternate Director Bryan Mekechuk

5. Director Margaret Abe-Koga

6. Director Larry Klein
The motion carried unanimously by verbal roll call vote. 4) Adopt Resolution to Implement SVCE Generation Rate Changes Effective March 2022 (Action) Amrit Singh, CFO and Director of Administrative Services, introduced the item and presented a PowerPoint presentation with a request to adopt resolution 2022-06, and transfer money from the operating budget to the programs decarbonization fund for the March 2022 Mid-Year budget update. Staff responded to board member questions.

Director Klein inquired of the communication plans to SVCE customers regarding the anticipated rate change; Director of Account Services and Community Relations Bray responded on the current process of a press release and joint rate mailer. Director Klein commented on the importance of making customers aware of the change in rates and the immediate impacts of their energy usage; Director of Account Services and Community Relations Bray acknowledged Director Klein’s concerns and noted email communication or an energy efficiency message regarding rates could be considered.

Director Willey inquired as clean power supply projects come online, if oil and gas prices will fluctuate less; CEO Balachandran provided background information and noted staff could look at his question from a strategic standpoint and bring it back.

The Board of Directors discussed the customer discount on rates, and the use of the allocated funds for customer relief, similar to what was done in 2020 for CARE/FERA customers and small businesses.

Chair Gibbons opened Public Comment.

Bruce Karney commented on recent high temperatures, which was leading to the melting of permafrost, putting more methane into the atmosphere. Karney commented we should do everything in our power as Item 1a Draft Minutes of the February 9, 2022 Board of Directors Meeting

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fast as we can to lower greenhouse gas emissions, and the board should be paying attention to irreversible climate change, commenting the biggest role SVCE can play is the continuation of leadership focused on the big picture and not the small details.

Chair Gibbons closed Public Comment.

Chair Gibbons summarized board comments in the meeting which included consideration to staff for more communication to the public on rate changes, a discussion on how to advance equity with funds, and coming back to SVCE’s mission statement.

The Board of Directors continued discussion on the discount percentage and allocation of program funds toward equity.

MOTION: Director Rennie moved and Director Ellahie seconded the motion to keep the discount rate at 1% below PG&E, put $3 million into a relief program and request staff to come back with recommendations on how to allocate those funds, and the remaining $17 million into decarbonization programs, which staff will come back with recommendations on how to allocate those funds.

Chair Gibbons added the direction to staff to reinforce communication to SVCE’s customers on rate changes; CEO Balachandran the direction was not needed in the motion and the request was received by staff.

Director Ellahie seconded the motion following clarification the motion would go into effect once PG&E’s rates increase.

Director Fligor clarified that within the decarbonization programs allocation being brought back in March, there should be an equity component even though $3 million is being set aside for relief; CEO Balachandran confirmed the emphasis on equity within the decarbonization programs.

Prior to taking a roll call vote, Board Clerk Pizano restated the motion.

RESTATED MOTION: Adopt Resolution 2022-06, authorizing SVCE to implement rate changes to maintain a 1% discount to PG&E generation rates taking effect when PG&E implements its next generation rate change, which is expected to occur on March 1, 2022, and recommend staff transfer $17M from funding from the operating budget to the programs decarbonization fund, and $3M for equity relief which will be brought back to the Board with more details on how funds will be spent in March.

General Counsel Trisha Ortiz clarified the second part of the motion was intended to give staff direction to come back with an action that will be taken in the future on how to spend the $3 million.

Director Rennie confirmed the restated motion matched his intent.

The motion carried unanimously by verbal roll call vote. 5) Authorize the Chief Executive Officer to Execute Necessary Agreements for Tumbleweed Long Duration Energy Storage with California Community Power, Participating Community Choice Aggregators and LS Power’s Tumbleweed LLC (Action)
Director of Power Resources Monica Padilla introduced the item and presented a PowerPoint presentation with a request for the SVCE Board of Directors to delegate authority to the CEO to execute on behalf of SVCE the necessary Tumbleweed Long Duration Energy Storage Agreements. Director of Power Resources Padilla responded to Board member questions.

Item 1a Draft Minutes of the February 9, 2022 Board of Directors Meeting

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Chair Gibbons opened Public Comment.

No speakers.

Chair Gibbons closed Public Comment.

MOTION: Director Abe-Koga moved and Director Walia seconded the motion to authorize the CEO to execute necessary agreements for Tumbleweed long duration energy storage with California Community Power, participating community choice aggregators and LS Tumbleweed LLC.

The motion carried unanimously by verbal roll call vote.

CEO Balachandran recognized Director of Power Resources Padilla for her leadership on the project. 6) Clean Energy Procurement Informational Update (Presentation) Director of Power Resources Padilla presented a PowerPoint presentation and responded to Board member questions.

Board Member Announcements and Future Agenda Items
None.

Adjourn
Chair Gibbons adjourned the meeting at 9:50 p.m.

ATTEST:
_____________________________
Andrea Pizano, Board Secretary
Item 1a Draft Minutes of the February 9, 2022 Board of Directors Meeting 1 TREASURER REPORT
Fiscal Year to Date
As of January 31, 2022
(Preliminary & Unaudited)
Issue Date: March 9, 2022
Table of Contents
Page
Summary 2
Statement of Net Position 4
Statement of Revenues, Expenses & Changes in Net Position 5 Statement of Cash Flows 6-7
Actuals to Budget Report 8-10
Monthly Change in Net Position 11
Investments Report 12
Customer Accounts 13
Accounts Receivable Aging Report 14
Item 1b January 2022 Treasurer Report

SILICON VALLEY

CLEAN ENERGY
2 Financial Highlights for the month of January 2022:
> SVCE operations resulted in a change in net position for the month of negative $6.3 million and fiscal-year-to-date (FYTD) change in net position of negative $11.5 million. > Retail GWh sales for the month landed 3% below budget. > FYTD operating margin of negative $5.6 million or negative 8.2% is below to budget expectations of a negative 7.2% operating margin for the fiscal year to date. > FYTD Power Supply costs are 11.2% below budget.
> SVCE is investing ~94% of available funds generating FYTD investment income of $0.08 million.

Change in Net Position Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Total Adopted
Budget
Actual 1,532 (4,526) (2,237) (6,275) (11,506) 36,485
Power Supply Costs Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Total Adopted
Budget
Energy & REC's 11,938 15,483 13,478 17,209 58,108
Wholesale Sales (195) (15) - (82) (292)
Capacity 2,890 2,207 2,324 3,281 10,702
CAISO Charges (1,301) 205 2,286 1,116 2,307
NEM Expense 3 152 (187) (200) (231)
Charge/Credit (IST/Net Rev) 1,189 (125) 759 1,855 3,679 Net Power Costs 14,525 17,908 18,660 23,179 - - - - - - - - 74,271 273,561 Other Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Total Adopted
Budget
Capital Expenditures 4 13 10 - 27 150
Energy Programs 68 123 116 220 527 7,334
Load Statistics - GWh Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Total Adopted
Budget
Retail Sales Actual 302 288 327 322 1,239
Retail Sales Budget 310 311 327 333 296 314 301 317 341 354 366 343 3,914 3,914 * The financial results in this report are preliminary and subject to change pending closing of the books for the fiscal year. Any potential changes are not expected to be significant.

Financial Statement Highlights* ($ in 000's)

SILICON VALLEY CLEAN ENERGY AUTHORITY
Item 1b January 2022 Treasurer Report
3 Working Capital $162,265,087
Current Ratio 5.6
Operating Margin -8.2%
Expense Coverage Days 181
Long-Term Debt $0
Total Accounts 274,893
Opt-Out Accounts (Month) 38
Opt-Out Accounts (FYTD) 127
Opt-Up Accounts (Month) 9
Opt-Up Accounts (FYTD) 216
Other Statistics and Ratios
Item 1b January 2022 Treasurer Report

30.0 25.0
'" 20.0 C:
0 : 15.0
~ 10.0

5.0 0.0

30.0 25.0
'" 20.0 C:
0 : 15.0
~ 10.0

5.0 0.0

YTD EXPENSES
Retail Sales - Month

28.2 18.6
I
Actual Budget
Controllable O&M - Month

24.9 25.8
Actual Budget

16.9 Personnel

2.6%
I
FY20/21

20.0 FY20/21
Retail Sales - YTD
100.0 85.4

78.0 80.0 68.7
..

I
C: 60.0
~
~ 40.0

20.0 0.0
Actual Budget FY20/21
Controllable O&M -YTD
100.0 91.1

80.0 ..

C: 60.0 g
~ 40.0

20.0 0.0
Actual Budget FY20/21
4 Current Assets
Cash & Cash Equivalents $ 165,591,030
Accounts Receivable, net of allowance 18,380,842
Accrued Revenue 10,706,471
Other Receivables 418,157
Prepaid Expenses 2,132,264
Deposits 638,616
Restricted cash 1,084,282
Total Current Assets 198,951,662
Noncurrent assets
Capital assets, net of depreciation 312,907
Deposits 45,330
Total Noncurrent Assets 358,237
Total Assets 199,309,899
Current Liabilities
Accounts Payable 1,333,297
Accrued Cost of Electricity 32,943,332
Other accrued liabilities 719,335
User Taxes and Energy Surcharges due to other gov'ts 606,329 Total Current Liabilities 35,602,293
Noncurrent Liabilities
Supplier security deposits 9,131,250
Total noncurrent liabilities 9,131,250
Total Liabilities 44,733,543
Net investment in capital assets 312,907
Restricted for security collateral 1,084,282
Unrestricted (deficit) 153,179,167
Total Net Position $ 154,576,356

NET POSITION

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF NET POSITION
As of January 31, 2022
ASSETS

LIABILITIES
Item 1b January 2022 Treasurer Report
5 OPERATING REVENUES
Electricity Sales, Net $ 67,031,097
GreenPrime electricity premium 699,798
Other income 8,000
Liquidated damages 922,250
TOTAL OPERATING REVENUES 68,661,145

OPERATING EXPENSES
Cost of Electricity 74,271,649
Contract services 3,011,325
Staff compensation and benefits 2,079,676
General & Administrative 803,201
Depreciation 30,941
TOTAL OPERATING EXPENSES 80,196,792
OPERATING INCOME(LOSS) (11,535,647)

NONOPERATING REVENUES (EXPENSES)
Interest Income 75,254
Financing costs (45,737)
TOTAL NONOPERATING REVENUES (EXPENSES) 29,517
CHANGE IN NET POSITION (11,506,130)
Net Position at beginning of period 166,082,486
Net Position at end of period $154,576,356

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES
October 1, 2021 through January 31, 2022

AND CHANGES IN NET POSITION
Item 1b January 2022 Treasurer Report
6 CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $ 80,442,743
Receipts from liquidated damages $ 922,250
Other operating receipts 4,294,888
Payments to suppliers for electricity (73,714,011)
Payments for other goods and services (4,147,169)
Payments for staff compensation and benefits (2,087,325) Tax and surcharge payments to other governments (1,847,063) Net cash provided (used) by operating activities 3,864,313

CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Finance costs paid (45,737)

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition of capital assets (27,082)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest income received 75,254
Net change in cash and cash equivalents 3,866,748
Cash and cash equivalents at beginning of year 162,808,564 Cash and cash equivalents at end of period $166,675,312 Reconciliation to the Statement of Net Position
Cash and cash equivalents (unrestricted) $ 165,591,030
Restricted cash 1,084,282
Cash and cash equivalents $ 166,675,312

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF CASH FLOWS
October 1, 2021 through January 31, 2022
Item 1b January 2022 Treasurer Report
7 Item 1b January 2022 Treasurer Report

SILICON VALLEY CLEAN ENERGY AUTHORITY
STATEMENT OF CASH FLOWS (Continued)
October 1, 2021 through January 31 , 2022

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET

CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Operating Income (loss)
Adjustments to reconcile operating income to net cash
provided (used) by operating activities
Depreciation expense
Revenue adjusted for uncollectible accounts
(Increase) decrease in net accounts receivable
(Increase) decrease in energy settlements receivable
(Increase) decrease in other receivables
(Increase) decrease in accrued revenue
(Increase) decrease in prepaid expenses
(Increase) decrease in current deposits
Increase (decrease) in accounts payable
Increase (decrease) in accrued cost of electricity
Increase (decrease) in accrued liabilities
Increase (decrease) in energy settlements payable
Increase {decrease) in taxes and surcharges due to other governments Increase (decrease) in supplier security deposits
Net cash provided (used) by operating activities
$ (11 ,535,647)
30,941
37,624
7,571 ,718
269,012
(187,672)
3,704,149
245,972
87,468
(204,079)
87,083
77,292
2,029,158
(448,706)
2 ,100,000
$ 3,864,313
8 FYTD FYTD FY 2020-21 FY 2020-21
OPERATING REVENUES Actual Adopted Budget $ % Adopted Budget Remaining Budget Energy Sales $67,031,097 $77,878,167 -$10,847,070 -14% $338,603,000 $271,571,903 Green Prime Premium 699,798 153,810 545,988 355% 470,000 (229,798) Liquidated damages 922,250 922,250
TOTAL OPERATING REVENUES 68,653,145 78,031,977 (9,378,832) -12% 339,073,000 271,342,105

ENERGY EXPENSES
Power Supply 74,271,649 83,635,211 (9,363,562) -11.2% 273,561,000 199,289,351 Operating Margin (5,618,504) (5,603,234) (15,270) 0% 65,512,000

OPERATING EXPENSES
Data Management 1,053,895 1,083,137 (29,242) -3% 3,249,000 2,195,105 PG&E Fees 395,416 483,315 (87,899) -18% 1,450,000 1,054,584 Salaries & Benefits 2,079,676 3,090,374 (1,010,698) -33% 9,271,000 7,191,324 Professional Services 1,054,676 1,939,446 (884,770) -46% 5,648,000 4,593,324 Marketing & Promotions 163,727 312,295 (148,568) -48% 919,000 755,273 Notifications 38,855 43,750 (4,895) -11% 131,000 92,145 Lease 164,187 175,000 (10,813) -6% 525,000 360,813
General & Administrative 414,086 362,355 51,731 14% 1,213,000 798,914 TOTAL OPERATING EXPENSES 5,364,518 7,489,672 (2,125,154) -28% 22,406,000 17,041,482 OPERATING INCOME/(LOSS) (10,983,022) (13,092,906) 2,109,884 -16% 43,106,000 54,089,022

NON-OPERATING REVENUES
Other Income 8,000 16,667 (8,667) -52% 50,000 42,000
Investment Income 75,254 100,000 (24,746) -25% 300,000 224,746 TOTAL NON-OPERATING REVENUES 83,254 116,667 (33,413) -29% 350,000 266,746

NON-OPERATING EXPENSES
Financing 45,737 13,333 32,404 243% 40,000 (5,737)

CAPITAL EXPENDITURES, TRANSFERS,
& OTHER
Capital Outlay 27,174 116,667 (89,493) -77% 150,000 122,826 Transfer to Programs Fund 1,560,640 1,560,640 - 0% 6,781,000 5,220,360 TOTAL OTHER USES 1,587,814 1,677,307 (89,493) -5% 6,931,000 5,343,186

NET INCREASE(DECREASE) IN AVAILABLE
FUND BALANCE -$12,533,319 -$14,666,879 $2,133,560 -15% $36,485,000 Variance

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2021 through January 31, 2022
Item 1b January 2022 Treasurer Report
9 ADOPTED ACTUAL/

ADOPTED BUDGET ADOPTED
REVENUE & OTHER SOURCES: BUDGET ACTUAL REMAINING BUDGET Transfer from Operating Fund $ 6,781,000 $ 1,560,640 $ 5,220,360 23% EXPENDITURES & OTHER USES:

Program expenditures 7,333,950 526,611 6,807,339 7.2%
Net increase (decrease) in fund balance $ (552,950) $1,034,029 Fund balance at beginning of period 5,837,711
Fund balance at end of period $6,871,740

ADOPTED ACTUAL/

ADOPTED BUDGET ADOPTED
REVENUE & OTHER SOURCES: BUDGET ACTUAL REMAINING BUDGET Transfer from Operating Fund * $ - $ - $ -
EXPENDITURES & OTHER USES:

Program expenditures * 3,000,000 3,073 2,996,927 0.1%
Net increase (decrease) in fund balance $ (3,000,000) (3,073) Fund balance at beginning of period 7,990,315
Fund balance at end of period $7,987,242

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2021 through January 31, 2022

CUSTOMER RELIEF & COMMUNITY RESILIENCY FUND

PROGRAM FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2021 through January 31, 2022
Item 1b January 2022 Treasurer Report
10 Net Increase (decrease) in available fund balance
per budgetary comparison schedule $ (12,533,319)
Adjustments needed to reconcile to the changes
in net position in the Statement of Revenues,
Expenses and Changes in Net Position
Subtract depreciation expense (30,941)
Subract program expense not in operating budget (526,611) Subract CRCR expense not in operating budget (3,073)
Add back transfer to Program fund 1,560,640
Add back capital asset acquisition 27,174
Change in Net Position (11,506,130)

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGET RECONCILIATION TO STATEMENT OF

REVENUES, EXPENSES AND CHANGES IN NET POSITION
October 1, 2021 through January 31, 2022

OPERATING FUND
Item 1b January 2022 Treasurer Report
11 October November December January February March April May June July August September YTD

OPERATING REVENUES
Electricity sales, net $ 17,365,080 $ 14,621,707 $ 17,815,729 $ 17,228,581 $ 67,031,097 Green electricity premium 80,961 $ 60,556 $ 95,594 $ 462,687 699,798 Other Income 1,000 $ 2,500 $ 1,000 $ 3,500 8,000
Liquidated damages 922,250 922,250
Total operating revenues 17,447,041 14,684,763 17,912,323 18,617,018 - - - - - - - - 68,661,145

OPERATING EXPENSES
Cost of electricity 14,524,607 17,907,845 18,660,060 23,179,137 74,271,649 Staff compensation and benefits 448,844 465,162 593,320 572,350 2,079,676 Data manager 263,759 263,759 262,863 263,514 1,053,895
Service fees - PG&E 97,254 96,768 104,341 97,053 395,416 Consultants and other professional fees 370,413 341,404 376,273 473,924 1,562,014 General and administration 209,985 134,289 152,437 306,490 803,201 Depreciation 7,289 8,162 7,774 7,716 30,941
Total operating expenses 15,922,151 19,217,389 20,157,068 24,900,184 - - - - - - - - 80,196,792 Operating income (loss) 1,524,890 (4,532,626) (2,244,745) (6,283,166) - - - - - - - (11,535,647) -

NONOPERATING REVENUES (EXPENSES)
Interest income 18,545 18,382 19,370 18,957 75,254
Financing costs (11,042) (11,626) (12,027) (11,042) (45,737) Total nonoperating revenues (expenses) 7,503 6,756 7,343 7,915 - - - - - - - - 29,517 CHANGE IN NET POSITION $ 1,532,393 $ (4,525,870) $ (2,237,402) $ (6,275,251) -$ -$ -$ -$ -$ -$ $ - $ (11,506,130) - $

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN NET POSITION
October 1, 2021 through January 31, 2022
Item 1b January 2022 Treasurer Report
12 YTD
Return on Investments Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Total $18,545 $18,382 $19,370 $18,957 $0 $0 $0 $0 $0 $0 $0 $0 $75,254 Portfolio Invested
Average daily portfolio available to invest* 152,976,979 155,897,345 155,743,105 157,270,808 Average daily portfolio invested 141,994,910 145,456,026 148,530,962 147,297,741 % of average daily portfolio invested 92.8% 93.3% 95.4% 93.7% Detail of Portfolio
Opening
Rate
December
Rate
Carrying
Value
Interest
Earned
Money Market - River City Bank 1.26% 0.15% $153,195,158 $18,766 * Note: Balance available to invest does not include lockbox or debt service reserve funds. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

SILICON VALLEY CLEAN ENERGY AUTHORITY

INVESTMENTS SUMMARY
October 1, 2021 through January 31, 2022
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Item 1b January 2022 Treasurer Report
13 CUSTOMER ACCOUNTS
Item 1b January 2022 Treasurer Report

RESIDENTIAL ACCOUNTS
300 VJ
'tJ
C 246.9 247.2 247.4 247.5 (ti 250 VJ
::::,
0 s::. 200 I-150
100
50 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
- Actual - Budget

NON-RESIDENTIAL ACCOUNTS
30 VJ 27.7 'tJ 27.6 27.6 27.4
C
(ti
VJ 25 ::::,
0 s::.

I- 20
15 10
5 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
- Actual - Budget
14 SILICON VALLEY CLEAN ENERGY AUTHORITY

ACCOUNTS RECEIVABLE AGING REPORT
October November December January February March April May June July August September 0 to 30 days 74.6% 66.6% 67.7% 70.4%
31 to 60 days 8.3% 11.6% 9.1% 5.4%
61 to 90 days 3.1% 3.7% 5.1% 3.9%
91 to 120 days 2.0% 2.9% 3.0% 3.2%
Over 120 days 12.0% 15.1% 15.0% 17.1%

TOTAL DUE
Bad Debt % (Budget)
1%
Accounts Receivable Days
24 Days
$22,624,583
Item 1b January 2022 Treasurer Report

AGE SUMMARY
$18,000,000
$16,000,000 $15,938,677
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000 $3,864,403
$2,000,000 $1,223,657 $871,999
-
$725,847
$0
<30 days <60 days <90
- -
days <120 days Older

Page 1 of 2 ends

Staff Report – Item 1c
Item 1c: Adopt Resolution Authorizing Public Meetings to Continue to Be Held Via Teleconferencing Pursuant to Government Code Section 54953(e) and Making Findings
From: Trisha Ortiz, Assistant General Counsel
Prepared by: Trisha Ortiz, Assistant General Counsel
Date: 3/9/2022

RECOMMENDATION
To continue meetings to be held via teleconferencing pursuant to Government Code Section 54953(e), adopt the attached Resolution 2022-07 making the findings required by Section 54953(e)(3).

BACKGROUND
Pursuant to Government Code Section 54953(b)(3) legislative bodies may meet by “teleconference” only if the agenda lists each location a member remotely accesses a meeting from, the agenda is posted at all remote locations, and the public may access any of the remote locations. Additionally, a quorum of the legislative body must be within the legislative body’s jurisdiction.

Due to the COVID-19 pandemic, the Governor issued Executive Order N-29-20, suspending certain sections of the Brown Act. Pursuant to the Executive Order, legislative bodies no longer needed to list the location of each remote attendee, post agendas at each remote location, or allow the public to access each location. Further, a quorum of the legislative body does not need to be within the legislative body’s jurisdiction. After several extensions, Executive Order N-29-20 expired on September 30, 2021.

On September 16, 2021 Governor Newsom signed AB 361, new legislation that amends the Brown Act to allow local agencies to meet remotely during Governor declared emergencies under certain conditions. AB 361 authorizes local agencies to continue meeting remotely without following the Brown Act’s standard teleconferencing provisions if the meeting is held during a state of emergency proclaimed by the Governor and either of the following applies: (1) state or local officials have imposed or recommended measures to promote social distancing; or (2) the agency has already determined or is determining whether, as a result of the emergency, meeting in person would present imminent risks to the health or safety of attendees.

Due to the rise in COVID-19 cases caused by the Delta Variant, on September 21, 2021, the Santa Clara County Health Officer issued a recommendation that public bodies meet remotely due to the increased protection provided by social distancing. The Health Officer cited “unique characteristics” of government meetings that lead to increased risk of transmission, including the gathering of people from across communities, the need for everybody to participate (including those who are immunocompromised or unvaccinated), and difficulty ensuring compliance with vaccination and safety recommendations. In addition, the Health Officer has described the new Omicron variant as significantly more transmissible than prior variants of the virus.

On October 13, 2021, the Board adopted its Resolution 2021-23 to authorize public meetings to be held via teleconferencing pursuant to Government Code section 54953(e).

Within thirty days after the first teleconferenced meeting held under AB 361, and every thirty days thereafter, in order to continue meeting by teleconference, the local agency’s legislative body must find that it has Item 1c
/ A"\ SILICON VALLEY
~CLEAN ENERGY
Agenda Item: 1c Agenda Date: 3/9/2022

Page 2 of 2 ends

reconsidered the circumstances of the state of emergency and that either: (1) The state of emergency continues to directly impact the ability of the members to meet safely in person; or (2) State or local officials continue to impose or recommend measures to promote social distancing.

On November 10, 2021, December 8, 2021, January 12, 2022, and February 9, 2022 the Board adopted Resolutions 2021-26, 2021-27, 2022-02, and 2022-03 authorizing public meetings to continue to be held via teleconferencing pursuant to Government Code Section 54953(e) and directing staff to return with a resolution to make the findings necessary to continue meeting pursuant to Government Code section 54953(e).

STRATEGIC PLAN
SVCE’s Board-adopted Strategic Plan identifies engaging the public as a goal of SVCE and remote meetings will better engage the public as long as COVID-19 is a threat to public health.

FISCAL IMPACT
Continuing to conduct remote public Board of Directors and Standing Committee meetings will not increase the cost of meetings.

ANALYSIS & DISCUSSION
The attached Resolution makes the periodic findings necessary to continue holding meetings under Government Code Section 54953(3). Specifically, the attached Resolution makes findings that the Board has reconsidered the circumstances of the COVID-19 state of emergency and that local officials continue to recommend measures to promote social distancing. As required by Government Code Section 54953(e)(3), the resolution makes the findings and provides that the findings will cover the period of time until the next regular meeting of the Board.

The resolution applies to both the Board of Directors and its Committees.

Staff will continue to monitor the situation and will return to the Board every 30 days or as needed with additional recommendations related to the conduct of public meetings.

ATTACHMENTS

1. Resolution 2022-07 Reconsidering Circumstances Of The COVID-19 State Of Emergency And Making Findings In Connection Therewith To Authorize Public Meetings To Be Held Via Teleconferencing Pursuant To Government Code Section 54953(e)
Item 1c
1 RESOLUTION 2022-07

SILICON VALLEY CLEAN ENERGY AUTHORITY
RESOLUTION NO. 2022-07

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SILICON

VALLEY CLEAN ENERGY AUTHORITY RECONSIDERING
CIRCUMSTANCES OF THE COVID-19 STATE OF EMERGENCY

AND MAKING FINDINGS IN CONNECTION THEREWITH TO

AUTHORIZE PUBLIC MEETINGS TO BE HELD VIA

TELECONFERENCING PURSUANT TO GOVERNMENT CODE
SECTION 54953(e)
WHEREAS, the Silicon Valley Clean Energy Authority (“Authority”) was formed on March 31, 2016 pursuant to a Joint Powers Agreement to study, promote, develop, conduct, operate, and manage energy programs in Santa Clara County; and WHEREAS, the Board of Directors (“the Board”) of Silicon Valley Clean Energy (“SVCE”) is committed to public access and participation in its meetings while balancing the need to conduct public meetings in a manner that reduces the likelihood of exposure to COVID-19; and
WHEREAS, all meetings of the Board of Directors and the other legislative bodies of SVCE are open and public, as required by the Ralph M. Brown Act (Cal. Gov.

Code 54950 – 54963), so that any member of the public may attend, participate, and watch the Board and other legislative bodies conduct their business; and WHEREAS, pursuant to Assembly Bill 361 legislative bodies of local agencies may hold public meetings via teleconferencing pursuant to Government Code Section 54953(e), without complying with the requirements of Government Code Section 54953(b)(3), if the legislative body complies with certain enumerated requirements in any of the following circumstances:

1. The legislative body holds a meeting during a proclaimed state of emergency, and state or local officials have imposed or recommended measures to promote social distancing.

2. The legislative body holds a meeting during a proclaimed state of emergency for the purpose of determining, by majority vote, whether as a result of the emergency, meeting in person would present imminent risks to the health or safety of attendees.

3. The legislative body holds a meeting during a proclaimed state of emergency and has determined, by majority vote, that, as a result of the emergency, meeting in person would present imminent risks to the health or safety of attendees; and WHEREAS, on March 4, 2020, Governor Newsom declared a State of Item 1c
Attachment 1
2 RESOLUTION 2022-07
Emergency in response to the COVID-19 pandemic (the “Emergency”) which remains in effect; and
WHEREAS, the Santa Clara Public Health Officer recommends that public bodies meet remotely to the extent possible, specifically including use of newly enacted AB 361.

WHEREAS, due to the ongoing COVID-19 pandemic and the need to promote social distancing to reduce the likelihood of exposure to COVID-19, the Board determined that meetings of the SVCE legislative bodies may be held via teleconferencing pursuant to Government Code Section 54953(e).

WHEREAS, to continue meeting pursuant to Government Code Section 54953(e), an agency must make periodic findings that: (1) the body has reconsidered the circumstances of the declared emergency; and (2) that any of the following circumstances exist: (a) the state of emergency continues to directly impact the ability of the members to meet safely in person, or (b) state or local officials continue to impose or recommend measures to promote social distancing.

NOW THEREFORE, the Board of Directors of the Silicon Valley Clean Energy Authority does hereby resolve, determine, and order as follows:

Section 1. The Recitals provided above are true and correct and are hereby incorporated by reference.

Section 2. The Board has reconsidered the circumstances of the COVID-19 state of emergency and local officials continue to recommend measures to promote social distancing.

Section 3. The Board and other legislative bodies of SVCE may continue to conduct their meetings pursuant to Government Code section 54953(e).

Section 4. Staff is hereby authorized and directed to take all actions necessary to carry out the intent and purpose of this Resolution. Such action includes returning to the Board within 30 days and every 30 days thereafter to make the findings required by Section 54953(e)(3).

Section 5. This Resolution shall take effect immediately upon its adoption.

PASSED AND ADOPTED this 9th day of March 2022, by the following vote:

JURISDICTION NAME AYE NO ABSTAIN ABSENT
City of Campbell Director Gibbons
City of Cupertino Director Willey
City of Gilroy Director Hilton
City of Los Altos Director Fligor
Item 1c
Attachment 1
3 RESOLUTION 2022-07
Town of Los Altos Hills Director Tyson
Town of Los Gatos Director Rennie
City of Milpitas Director Chua
City of Monte Sereno Director Ellahie
City of Morgan Hill Director Martinez Beltran
City of Mountain View Director Abe-Koga
County of Santa Clara Director Lee
City of Saratoga Director Walia
City of Sunnyvale Director Klein

Chair
ATTEST:

Andrea Pizano, Board Clerk
Item 1c
Attachment 1

Page 1 of 2 ends

Staff Report – Item 1d
Item 1d: Authorize the Chief Executive Officer Ability to Modify and Extend Scheduling Services Agreement with ZGlobal Inc.

From: Girish Balachandran, Chief Executive Officer
Prepared by: Monica Padilla, Director of Power Resources Zakary Liske, Manager of Contracts and Settlements
Date: 3/9/2022

RECOMMENDATION
Staff recommends that the SVCE Board authorize the Chief Operating Officer (CEO) to modify as necessary and extend the agreement with ZGlobal Inc. (ZGlobal) for Scheduling Services for up to five (5) years.

BACKGROUND
In 2016, SVCE issued a request for proposals (RFP) for scheduling coordination services, selected ZGlobal as the vendor, and received Board approval for a five (5) year agreement at its November 9, 2016, board meeting: Item 7, November 2016 Board of Directors Meeting. ZGlobal began providing load forecasting, load scheduling, portfolio management and financial settlement services to SVCE in April 2017.

The ZGlobal Scheduling Services Agreement (attached) was approved for five years from the start of services.

The agreement automatically renews every year unless terminated by either party with proper notice as required by the agreement. April 2022 marks the five-year anniversary from when services began under the ZGlobal agreement and therefore the CEO’s authority to operate under the agreement also expires unless extended by the Board.

In 2021, SVCE issued a joint-RFP with Central Coast Community Energy (3CE) for scheduling coordination services for the parties’ joint-PPA generation resources. The RFP also requested proposals for load scheduling services. ZGlobal, which was awarded the joint-scheduling RFP, also provided a competitive bid for load scheduling services that is comparable to current service pricing. The SVCEA Board unanimously approved delegating authority to the CEO to negotiate and execute an agreement with ZGlobal: Item 1d, May 2021 Board of Directors Meeting. The agreement for generation resource scheduling runs through December 2024.

ANALYSIS & DISCUSSION
SVCEA is a market participant in the California Independent System Operator (CAISO) balancing authority. As such, SVCEA is obligated to meet certain CAISO requirements including scheduling its load and resources into the CAISO. Services involve interfacing with the CAISO to exchange information regarding projected loads, generation supply schedules, and grid conditions to help the CAISO maintain system balance and grid reliability. Scheduling coordinators must maintain a 24 X 7 operation and specialized information systems in order to deal with grid operations that may arise at any time. SC services also involve processing financial settlements with the CAISO for load and generation schedules.

Item 1d
/ A"\ SILICON VALLEY
~CLEAN ENERGY
Agenda Item: Item 1d Agenda Date: 3/9/2022

Page 2 of 2 ends

SVCE has been satisfied with services provided thus far by ZGlobal and would like to continue receiving such services. Given the timing of the automatic renewal in April 2022 as it relates to other changes in the portfolio, including new PPA onboarding, Staff believes it is prudent to let the agreement automatically renew this year and for the CEO to renew the agreement in the future in its substantial form. Annual expenses under the ZGlobal agreement are expected to be approximately $200,000, which exceeds the CEO’s current authority for contracts.

Staff believes scheduling both load and generation with the same service provider can create synergies and is advantageous to doing so with separate providers which could lead to inefficiencies in workload. Further, Staff recommends that a future RFP be developed to combine both load and generation scheduling under a single agreement starting in April 2025, which is at the end of the initial term of the generation scheduling services and coincides with renewal of load scheduling services.

STRATEGIC PLAN
Renewing this agreement is aligned with SVCE’s Strategic Plan Goal Number 6: Manage and optimize power supply resources to meet affordability, GHG reduction and reliability objectives.

FISCAL IMPACT
Load Scheduling Services are already considered in the SVCE Annual Budget. The cost is estimated to be approximately $17.5K per month for services between April 2022 and March 2025.

SC Services Forecasting
Portfolio
Management Total Status
April 2017 - March 2018 $21,250 $15,375 $0 $36,625 Paid April 2018 - March 2019 $51,255 $61,808 $77,100 $190,163 Paid April 2019 - March 2020 $52,280 $63,044 $78,000 $193,323 Paid April 2020 - March 2021 $53,237 $64,198 $79,559 $196,995 Paid April 2021 - March 2022 $55,027 $65,591 $80,215 $200,832 Paid/Estimated April 2022 - March 2023 $56,586 $66,902 $81,151 $204,639 Estimated April 2023 - March 2024 $58,393 $69,039 $82,774 $210,206 Estimated April 2024 - March 2025 $60,752 $71,829 $84,429 $217,010 Estimated $408,780 $477,785 $563,227 $1,449,792

ATTACHMENTS

1. Scheduling Services Agreement – ZGlobal – 10-21-2016 – fully executed Item 1d
Item 1d
Attachment 1
Final for Execution

SCHEDULING SERVICES AGREEMENT
This Scheduling Services Agreement ("Agreement"), dated as of October 21. 2016 ("Effective Date"), is entered into between ZGlobal Inc. ("ZGlobal") and Silicon Valley Clean Energy Authority, a California joint powers authority ("SVCEA" or "Client"). ZGlobal and Client are referred to individually as a "Party" and collectively as the "Parties "

RECITALS
WHEREAS, Client desires to have ZGlobal perform the Services (as defined below); WHEREAS, ZGlobal is in the business of providing energy scheduling/settlement and related services as an agent, including the Services; and
WHEREAS, except as otherwise defined in the body of this Agreement, tenns and expressions used in this Agreement shall have the meanings contained in Exhibit A.

NOW THEREFORE, in consideration of the promises, covenants and conditions contained herein and for other good and valuable ·consideration, the receipt and sufficiency of which are hereby acknowledged, ZGlobal and Client, intending to be legally bound, hereby agree as follows:

ARTICLEl

TERM AND TERMINATION

1.1 Term. The "Primary Tenn" of this Agreement shall be five (5) years, beginning on the Commencement Date, unless terminated earlier as provided in this Agreement. At the conclusion of the Primary Term, this Agreement shall automatically continue for successive one {l) year terms (each such term an "Additional Term"), unless either Party has given the other Party ~t least ninety (90) days' written notice prior to the end of the Primary Term or the Additional Term that it does not wish to renew the Agreement or unless terminated earlier as provided in this Agreement (the period during which the Agreement remains in effect, the "Term").

1.2 Termination for Convenience. During the Term, either Party may terminate this Agreement at any time for any reason or no reason upon one hundred eighty ( 180) days' prior written notice for ZGlobal and ninety (90) days' prior written notice for Client. For the avoidance of doubt, Client may request the cancellation of a Service on prior written notice to ZGlobal without temiinating the Agreement.

1.3 Termination for Cause. During the Term, if one of the following events ( each, an "Event of Default") occurs with respect to a Party (the "Defaulting Party"), the other Party (the ''Non-Defaulting Party") shall have the right to terminate this Agreement upon delivery of written notice to the Defaulting Party: ,
( a) A Party fails to make when due any undisputed payment due under this Agreement, if such failure is not remedied within five (5) Business Days after written notice' of such failure is given to the Party failing to make payment;
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(b) A Party breaches a material covenant or agreement in this Agreement ( other than a default in a payment obligation), if such breach is not remedied within ten (10) Business Days after written notice is given to the Party in breach of its covenants or agreements under this Agreement;
( c) A Party makes an assignment or any general arrangement for the benefit of creditors; or files a petition or otherwise commences, authorizes or acquiesces -in the commencement of a proceeding or cause under any bankruptcy or similar law for the protection of creditors, or has such petition filed against it; or otherwise becomes bankrupt or insolvent (however evidenced); or becomes unable to pay its debts as they fall due;
( d) ZGlobal fails to maintain Performance Assurance in accordance with Article VII, and does not remedy such breach within three (3) Business Days after written notice from Client; or
( e) One or more of a Party's representations or warranties set forth in Section 5 .1 or 5 .2 ( as applicable) are no longer true or correct, and such representation or warranty is not corrected within thirty (30) days after written notice is given to the Party whose representation or warranty is no longer true or correct.

1.4 Effect of Termination. Notwithstanding anything else set forth herein, the terms and conditions of this Agreement shall remain in effect until the Parties have fulfilled all outstanding obligations, including payment in full of amounts due and transfer of information to Client or Client's designee, and the termination of this Agreement shall not relieve either Party of (i) any unfulfilled obligation or undischarged liability of such Party existing as of the termination date, including without limitation the transition of the Services to Client or its designee (ii) the consequences of any breach or default under this Agreement to the extent not excused by this Agreement, or (iii) any obligations or liabilities arising from provisions of this Agreement that either expressly or by their nature survive the termination of this Agreement. Within 90 days after the termination of this Agreement, any amounts due from either Party shall be paid, any corrections or adjustments to payments previously made shall be determined, and any refunds made. No termination by ZGlobal shall be effective until the later of (x) the termination date specified in ZGlobal's written notice of termination or (y) the date upon which ZGlobal has transitioned the Services to Client or its designee in accordance with Section 2.3; provided that such transition period shall not exceed forty-five (45) days. The Client's cancellation of a Service shall not act as a termination of the Agreement.

1.5 Exclusive Remedy. For the avoidance of doubt, except for and subject to its right to indemnification under Article 8, if Client is not satisfied with ZGlobal' s performance of Services hereunder, Client's sole and exclusive remedy shall be to terminate this Agreement pursuant to Section 1.2 or Section 1.3 above, as applicable.

1.6 Cooperation. In connection with the termination of this Agreement, ZGlobal shall take such actions as Client may reasonably request and ZGlobal agrees to work cooperatively with Client to facilitate the transition of Services from ZGlobal to Client or Client's designee. 2 29462258v2
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ARTICLE2
DESCRIPTION OF CLIENT ASSETS; SERVICES

2.1 Description of Client Assets. As requested by Client, ZGlobal will provide Services for the loads and generation assets set forth in Exhibit B attached hereto ("Client Assets"), as amended in writing by the Parties from time to time.

2.2 Services. ZGlobal, as agent for Client pursuant to this Agreement, shall provide the following Services for the Client Assets, commencing on the date identified for each Service (Client to check all that apply, and provide a start date for any checked Service):

Check All
that Apply
NIA
X
NIA
Services Description
Generation Scheduling Services
Scheduling and Outage Coordination (Exhibit C)
Financial Settlement Services (Exhibit D)
Load Scheduling Services
Scheduling and Outage Coordination (Exhibit C)
Load Forecasting Services
Forecasting Services (Exhibit E)
Portfolio Management Services
Portfolio Management Services (Exhibit G)
Risk Management Services
Risk Management Program Development and Support
Services (Exhibit H)
Information Resources
Information Resources (Exhibit K)
Start Date
411/201 7
411/2017
4/112017
411/2017
111/2017
Each Exhibit checked above is attached hereto and incorporated herein by reference, and collectively comprise the "Services" to be performed by ZGlobal under this Agreement.

2.3 Continuity of Service. In the event Client cancels a Service, this Agreement terminates, or ZGlobal fails, ceases or is unable to provide the Services under this Agreement for any reason, then, to the extent necessary, the Parties shall take all steps necessary to terminate the designation of ZGlobal as agent tor Client for the Service or Services, and ZGlobal shall take such actions as Client may reasonably request in order to transition responsibility for the performance of the Service or Services to Client or a replacement provider. Additionally, as part of the transfer of a Service or Services under this Section 2.3, ZGlobal agrees to assign to Client, at Client's request, any underlying agreements with third-party software or service providers necessary for continued performance of the Service or Services, including the Information Resources ( as defined below). 3 29462258v2_
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2.4 Information Access. ZGlobal shall provide Client and Client's designated representatives and consultants with access to the software, databases, data, and infonnation portal(s) identified in Exhibit K ( collectively, the "Information Resources").

2.5 Designation of ZGlobal as Agent. Client hereby designates ZGlobal as its agent and representative in connection with and to the extent reasonably required to perfonn the Services. Client agrees to promptly:
(a) Notify CAISO and any other relevant entities of this arrangement; and (b) Provide ZGlobal with all necessary and appropriate information and data for ZGlobal to begin performing the Services.

2.6 Standard of Performance. ZGlobal shall perform the Services consistent with Good Industry Practice and Applicable Laws, and in accordance with written direction from Client (if any).

ARTICLE3
COMPENSATION; BILLING AND PAYMENT

3.1 Compensation. As consideration for the Services performed by ZGlobal hereunder, Client shall pay ZGlobal all undisputed applicable Services Fees in accordance with Exhibit I. In the event Client, in good faith, disputes ZGlobaPs computation of amounts due and owing, Client will provide ZG lobal with written documentation explaining the disputed amount and describing in detail the factual and legal basis of the dispute. Client must pay all charges which are not in dispute in accordance with the payment terms outlined above. Client will cooperate with ZGlobal to resolve any payment dispute expeditiously.

3.2 Billing Statements. ZGlobal shall deliver to Client on or before the tenth (10th) Business Day of the month following that month for which Services were provided a monthly Scheduling Coordinator Services statement ( each a "Statement") setting forth the Services Fees applicable to the Services performed during that period. Payments shall be made to ZGlobal on or before thirtieth (30th
) Business Day after receipt of each Statement.

3.3 Failure to Pay. Client's failure to make timely payments hereunder shall be considered a breach. In the event such breach is not cured within fifteen (15) days following written notice by ZGlobal, then Client shall be in default and ZGlobal may:
(a) Apply any revenues or payments received by ZGlobal for the benefit of Client from Balancing Authorities, Transm~ssion Owners/Operators the CAISO, or any other third party towards the outstanding amount owed to ZGlobal;
(b) Ap_ply any monies from the Services Payment Security posted by Client pursuant to Exhibit C towards the outstanding amount owed to ZGlobal; and/or ( c) Terminate this Agreement and all Services provided for herein pursuant to Section 1.3(a) above.

3.4 Late Payments. Any payment that is not received by ZGlobal on or before the date required shall incur a monthly late fee, which shall be the total undisputed outstanding balance due · 4
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multiplied by the Interest Rate ("Late Fee").
3 .5 Audit Rights. Client ( or its designee) shall have the right, with prior written notice, at its sole expense and during normal working hours, to examine the records of ZGlobal to the extent reasonably necessary to verify the accuracy of any Statement, charge or computation made pursuant to this Agreement. If any such examination reveals any inaccuracy in any Statement or Late Fee, the necessary adjustments in such Statement or Late Fee and the payments thereof will be promptly made and shall bear interest calculated at the Interest Rate.

3.6 Independent Contractor. ZGlobal shall provide the Services to Client as an independent contractor, not as an employee of Client. ZGlobal shall not have or claim any right arising from employee status.

ARTICLE4
CONFIDENTIALITY; PROPRIETARY RIGHTS

4.1 Confidentiality.
(a) Each Party shall hold in confidence all information disclosed to it by the other Party or its representatives that pertains to Client's or ZGlobal's busines~, as the case may be, and that is not publicly available, including tsis AgFeemest, proprietary practices, technical information and relevant data ("Confidential Information"). The Parties hereto acknowledge that SVCEA is a local agency and subject to provisions of the California Public Records Act (Cal. Government Codes section 6250 and following). The Parties are expressly authorized to disclose the existence of this Agreement and the Tenn. Unless otherwise provided by this Agreement or Applicable Laws, all other terms of tJ.:ris AgreemeBt are confidential and neither Party may disclose such confidential information to anyone, other than (i) as may be agreed to in writing by the Parties in advance of such disclosure; (ii) to any of such Parties' directors, officers and employees and directors, officers and employees of affiliated companies and representatives thereof or their advisors who need to know such information and agree, for the benefit of the other Party, to treat such information confidentially to the same extent required by this Agreement; (iii) to the extent required to be disclosed by Applicable Laws or legal process or other mandatory or voluntary standard, and then only to the extent of such requirement; or (iv) to any actual or potential lender or lenders providing financing to a Party or any of its affiliates, to any actual or potential investor in a Party or any of its affiliates or to any other potential acquirer of any direct or indirect ownership interest in Party or any of its affiliates or to any advisor providing professional advice to Party or any of its affiliates or to any such actual or potential lender, investor or acquirer who needs to know such information and agree to treat such information confidentially to the same extent required by this Agreement. The Parties are entitled to all remedies available at law or in equity, including specific performance, to enforce this provision; however, neither Party will be liable for any damage suffered as a result of the use or disclosure of confidential information made in accordance with the express terms and conditions of this Agreement. This provision will survive for a period of five ( 5) years following the expiration of this Agreement. (b) Confidential Information shall not include (i) information that is publicly available or that enters the public domain pursuant to Applicable Laws, or (ii) information obtained by a Party from a third party not known to be under an obligation of non-disclosure to Client or ZGlobal, as the case may be.
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(c) Notwithstanding the foregoing, each Party may disclose Confidential Information to the extent necessary to perform this Agreement, and to any Governmental Authority, but only to the extent legally required to do so. If a Party is requested or required by any Governmental Authority to disclose any of the other Party's Confidential Information, such Party shall provide the other Party with prompt notice of such request(s) so that the other Party may seek, at its sole expense, a protective order or other appropriate remedy with respect to such disclosure.

4.2 Proprietary Rights. Client shall retain all rights, title and interest in and.to all models, tools, systems or processes owned by and used or developed by ZGlobal in the course of providing Services pursuant to this Agreement including, but not limited to, patent rights, trade secrets, mask works and copyrights; provided, however, that ZGlobal shall have a non-exclusive right to use said models, tools, systems or processes to serve Client or other agencies approved by Client without further consideration.

ARTICLES

REPRESENTATIONS AND WARRANTIES

5.1 ZGlobal's Representations and Warranties. ZGlobal represents and warrants to Client as follows:
(a) It is duly organized, validly existing and in good standing under the laws of the state of its incmporation, and in each jurisdiction where it is required to be qualified as a foreign corporation;
(b) It has obtained all regulatory approvals and Permits necessary for it to legally perform its obligations under this Agreement; .
( c) It possesses the requisite expertise to perform its obligations hereunder, and it is not restricted in any manner, through an agreement not to compete or similar agreement, from performing the Services for Client;
( d) The execution and delivery of this Agreement and the performance of this Agreement are within its powers, have been duly authorized by all necessary action and do not violate any of the terms or conditions in its governing documents, any contract or other agreement to which it is a party or any Applicable Laws; and
( e) This Agreement constitutes ZGlobal' s legally valid and binding obligation enforceable against it in accordance with the terms thereof; and (f) There are no bankruptcy proceedings pending or being contemplated by it or, to its know ledge, threatened against it.

5.2 Client's Representations and Warranties. Client represents and warrants to ZGlobal as follows:
(a) It is duly organized, validly existing and in good standing under the laws of the state of California;
(b) The execution and delivery of this Agreement and the performance of this 6 29462258v2
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Agreement are within its powers, have been duly authorized by all necessary action and do not violate any of the terms or conditions in its governing documents, any contract or other agreement to which it is a party or any Applicable Laws; and
( c) This Agreement constitutes a legally valid and binding obligation enforceable against it in accordance with the terms thereof; and
( d) There are no bankruptcy proceedings pending or being contemplated by it or, to its knowledge, threatened against it.

5.3 Annual Updates. Upon the request of the other party on or prior to the anniversary of the Effective Date and no later than thirty (30) days after each anniversary of the Effective Date, ZGlobal and Client shall each confirm in writing to the other that their respective representations and warranties set forth above remain true and correct.

ARTICLE6
RELATIONSHIP OF THE PARTIES; DISCLAIMERS

6.1 Relationship of the Parties. ZGlobal shall act as Client's agent while performing the Services hereunder. Except when and to the extent that ZGlobal is performing the Services, neither Party has the right, power or authority to assume, create or incur any liability or obligation, express or implied, against, in the name of or on behalf of the other Party, or to enter into any agreement or undertaking for, or act as or be an agent or legal representative of, or otherwise bind, the other Party.

Further, this Agreement shall not be interpreted or construed as creating any association, joint venture or partnership between the Parties, or any other arrangement other than the contractual arrangement expressly set forth in this Agreement.

6.2 Other Business. Subject to Section 4.1 above, nothing in this Agreement shall preclude ZGlobal from performing Services similar to those hereunder for other clients.

6.3 Warranty Disclaimers. Client acknowledges that it has entered into this Agreement and is contracting to receive the Services based solely upon the expressed representations and warranties in this Agreement. As a result, Client accepts all Services provided under this Agreement "as is" and "with all faults." The Parties expressly negate and disclaim any other representation or warranty with respect to the Services provided under this Agreement, whether written or oral, expressed or implied, including any representation or warranty with respect to merchantability or fitness for any particular purpose.

ARTICLE7

PERFORMANCE ASSURANCE
7 .1 Performance Assurance. As a condition of Client's obligations hereunder, ZGlobal shall provide to Client no later than April 1, 2017 and thereafter maintain throughout the Term cash or a letter of credit (the "Performance Assurance") in the amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000). The Performance Assurance shall be held by Client as security for ZGlobal's performance hereunder. If ZGlobal establishes the Performance Assurance by means of a letter of credit, the letter of credit must be provided in a form reasonably acceptable to Client. The Performance Assurance will be returned to ZGlobal at the end of the Term upon the satisfaction of ZGlobal's obligations under this Agreement (net of any amounts applied to ZGlobal's obligations). 7 29462258v2
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After April 1,2018, at ZGlobal's written request, Client agrees to consider in good faith ZGlobal's request to reduce the amount of the Performance Assurance; provided, however, that any reduction will be made at Client's sole discretion and Client is under no obligation to grant such request. 7 .2 Security Interest in Performance Assurance .. To secure its obligations under this Agreement, and until released as provided herein, ZGlobal hereby grants to Client a present and continuing first-priority security interest ("Security Interest") in, and lien on (and right to net against), and assignment of the Performance Assurance and any and all interest thereon or proceeds resulting therefrom or from the liquidation thereof, whether now or hereafter held by, on behalf of, or for the benefit of Client, and ZGlobal agrees to take all action as Client reasonably requires in order to perfect Client's Security Interest in, and lien on (and right to net against), such collateral and any and all proceeds resulting therefrom or from the liquidation thereof.

7.3 Event of Default. Upon or any time after the occurrence of, and during the continuation of, an Event of Default caused by ZGlobal, Client may do any one or more of the following:
(a) Exercise any of its rights and remedies with respect to the Performance Assurance, including any such rights and remedies under law then in effect; (b) Draw on any outstanding letter of credit issued for its benefit; and ( c) Liquidate all Performance Assurance then held by or for the benefit of Client free from any claim or right of any nature whatsoever of ZGlobal, including any equity or right of purchase or redemption by ZGlobal.

Client shall apply the proceeds of the collateral realized upon the exercise of any such rights or remedies to reduce ZGlobal's obligations under this Agreement (ZGlobal ~emains liable for any amounts owing to Client after such application), subject to Client's obligation to return any surplus proceeds remaining after these obligations are satisfied. 8 29462258v2
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ARTICLES
LIMITATION OF LIABILITY; INDEMNITY

8.1 Limitation of Liability.
(a) To the extent permitted by Applicable Laws, ZGlobal hereby agrees to indemnify, defend and hold harmless Client, its partners, officers, directors, representatives and employees (collectively, the "Client lndemnitees"), from and against any and all losses, claims, damages and liabilities (including third-party claims, reasonable attorney, consultant, accounting and other professional fees, and reasonable fees and costs actually incurred in enforcing this Agreement, and any penalties or fines imposed by Governmental Authority) (collectively, "Losses") relating to ZGlobal' s performance of the Services and any breach by ZGlobal of the provisions of this Agreement, except to the extent caused by the fraud, negligence or the willful misconduct or breach of this Agreement by the Client lndemnitees. The foregoing notwithstanding, to the extent a Loss is due to a communications failure between ZGlobal and the CAISO, ZGlobal's liability hereunder, unless excused by Force Majeure, shall be limited to reimbursing Client for only those fees or charges imposed by CAISO or any other third party caused by the failure of ZGlobal to communicate the necessary information received from Client in a timely manner.

ZGlobal shall be promptly notified in writing of any such claim or suit brought against any Client lndemnitee and shall be permitted to manage at its cost and expense a defense against or negotiate a settlement ( other than any settlement involving criminal liability or admission of guilt or responsibility by such Client Indemnitee) of such claim or suit through counsel reasonably acceptable to Client. The Client Indemnitees shall provide, at ZGlobal expense, such cooperation as ZGlobal may reasonably request in connection with its defense or settlement of the claim or suit against such Client Indemnitee.
(b) To the . extent permitted by Applicable Laws, Client hereby agrees to indemnify, defend and hold harmless ZGlobal, its partners, officers, directors, and employees (collectively, the "ZGlobal Indemnitees"), from and against any and all Losses arising from the breach by Client of the provisions of this Agreement including, without limitation, the loss or claims for loss or damage to property, except to the extent caused by the fraud, negligence or the willful misconduct or breach of this Agreement by the ZGlobal Indemnitees.

Client shall be promptly notified in writing of any such claim or suit brought against a ZGlobal Indemnitee and shall be permitted to manage at its cost and expense a defense against or negotiate a settlement ( other than any settlement involving criminal liability or admission of guilt or responsibility by such ZGlobal lndemnitee) of such claim or suit through counsel reasonably acceptable to ZGlobal. The ZGlobal Indemnitees shall provide, at Client expense, such cooperation as Client may reasonably request in· connection with its defense or settlement of the claim or suit against such ZGlobal Indemnitee.
( c) For the avoidance of doubt, consistent with the provisions set forth in Section

8.1 above, neither Party shall have any responsibility or liability for any third party agreements not incorporated by r~ference by this Agreement or transactions not contemplated by this Agreement entered into by the other Party, including but not limited to such Party or any third party failing to perform, inadequately performing, and/or incorrectly performing under or breaching any such third 9 29462258v2
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party agreements or transactions.
( d) Except as expressly provided herein, nothing in this Agreement shall be construed to create a duty to, any standard of care with reference to, or any liability in connection with any person not a party to this Agreement.
( e) In no event shall either Party be liable to the other Party for any consequential, incidental or indirect damages for any cause of action, whether in contract or tort or otherwise.

Incidental, consequential or indirect damages include, but are not limited to, lost profits or revenues and loss of business opportunity, whether or not the Party was aware or should have been aware of the possibility of such damages.

8.2 Limitation on Damages. FOR BREACH OF ANY PROVISION, THE LIABILITY

OF THE DEFAULTING PARTY SHALL BE LIMITED TO DIRECT DAMAGES AND EACH

PARTY AGREES TO WAIVE ALL OTHER TYPES OF DAMAGES OR REMEDIES TO WHICH

IT MIGHT BE ENTITLED UNDER THIS AGREEMENT, INCLUDING CONSEQUENTIAL,

INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, LOST PROFITS, LOST

OPPORTUNITY COSTS, OR OTHER BUSINESS INTERRUPTION DAMAGES, BY STATUTE, IN TORT OR IN CONTRACT, UNDER ANY INDEMNITY PROVISION OR OTHERWISE. IT IS

THE INTENT OF THE PARTIES THAT THE LIMITATIONS IMPOSED HEREIN ON

REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD TO THE CAUSE

OR CAUSES RELATED THERETO, INCLUDING THE NEGLIGENCE OF ANY PARTY,

WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR CONCURRENT, OR ACTIVE OR PASSIVE.

8.3 Indemnification. Notwithstanding the foregoing Sections 8.1.and 8.2, each Party shall hold the other Party harmless as follows: the indemnitor shall defend, indemnify and hold harmless the indemnitee, its officers, agents and employees from any claims, suits or actions of every name, kind and description brought forth, or on account of, injuries to or death of any person (including but not limited to workers and the public), or damage to property, resulting from or arising out of indemnitor's willful misconduct or gross negligence while engaged in the performance of obligations or exercise of rights created by this Agreement, except to the extent of those matters arising from indemnitee' s negligence.

ARTICLE9

MISCELLANEOUS

9.1 Entire Agreement. This Agreement is the Parties' complete and final expression of . agreement on the subject matter of this Agreement and supersedes all prior agreements, representations, understandings, negotiations, offers and communications, whether oral or written, regarding the subject matter of this Agreement.

9.2 No Assignment. Neither Party may assign this Agreement or any right or obligation under this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld or delayed. Any purported assignment in violation of this Section 9 .2 shall be void. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.
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9.3 Modification and Amendment. This Agreement can be modified or amended only by a written agreement executed by an authorized representative of each Party.

9.4 Severability. If any provision of this Agreement is held invalid or unenforceable, all other provisions of this Agreement shall not be affected. With respect to a provision held invalid or unenforceable, the Parties shall amend this Agreement as necessary to effect the Parties' original intent as closely as possible.
9 .5 No Waiver. If on any occasion a Party does not insist upon the performance of any term, condition or provision of this Agreement, such forbearance shall not operate or be construed as an acceptance of any variation in any term, · condition or provision of this Agreement or relinquishment of any right under this Agreement. _No waiver by either Party of any right or of any default by the other Party under this Agreement shall be effective unless the waiver is in writing and signed by the waiving Party, and no waiver shall operate or be construed as a waiver of any other or further right or as a waiver of any future default, whether of like or different character or nature.

9.6 Governing Law. This Agreement is governed by and shall be construed according to the laws of the State of California, without regard to principles of conflicts of law.

9. 7 Preparation of Agreement. This Agreement was prepared jointly by the Parties, each Party having had access to advice of its own counsel, and not by either Party to the exclusion of the other Party, and this Agreement shall not be construed against either Party as a result of the manner in which this Agreement was prepared, negotiated or executed. 9 .8 No Third-Party Rights. This Agreement is iniended solely for the benefit of the Parties, and nothing in this Agreement shall be construed to create any rights in favor of, any duty to or standard of care with reference to, or any liability to any person not a party to this Agreement. 9 .9 Notices. Except as otherwise expressly provided in this Agreement, all notices and other communications to be given or made under this Agreement shall be in writing, shall be addressed as specified below, and shall either be personally delivered or sent by courier, by registered or certified mail, or by facsimile. Initially, the respective_ Parties' addresses and facsimile numbers are:

If to ZGlobal:

With a copy to:

Ifto Client
ZGlobal Inc.
750 Main St.

El Centro, CA 92243
604 Sutter Street, Ste. 250
Folsom, CA 95630
All notices shall be deemed delivered (a) when delivered in person, (b) if received on a Business Day for the receiving Party, when transmitted by facsimile to the receiving Party's facsimile number specified above and, if received on a day that is not a Business Day for the receiving Party, on the first Business Day following the date transmitted by facsimile to the receiving Party's facsimile number specified above, ( c) one day after being delivered to a courier for overnight delivery, addressed to the receiving Party at the address specified above ( or such other address as the receiving 11 29462258v2
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Party may have specified by written notice delivered to the delivering Party at its address or facsimile number specified above), or ( d) five ( 5) days after being deposited in a United States Postal Service receptacle, postage prepaid, registered or certified, return receipt requested, addressed to the receiving Party at the addre"ss specified above ( or such other address as such the receiving Party may have specified by written notice delivered to the delivering Party at its address or facsimile number specified above). Any Party may, by written notice, change the address or facsimile number, or both, to which notices and communications are to be sent.
9 .10 Execution in Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which, taken together, shall constitute only one legal instrument. The delivery of an executed counterpart of this Agreement by facsimile shall be deemed to be valid delivery of the counterpart.

9.11 Survival. Notwithstanding any provision herein to the contrary, Articles 3, 4, 6, 7, 8 and 9 shall survive the termination or expit:ation of this Agreement.

9.12 Publicity. Either Party may issue or release for external publication any press release, article, advertising or other publicity matter in any form (including print, electronic or interview) relating to the Services or this Agreement; provided, however, the disclosing Party shall, if reasonably possible, provide advance notice of such disclosure to the other Party. 9 .13 Intemretation. In this Agreement:
(a) The headings are for convenience of reference only and shall be ignored in construing this Agreement;
(b) Where the context requires, the singular includes the plural and vice versa; (c) The words "include," "includes" and "including" shall be deemed to be followed by the words "without limitation";
( d) Unless the context otherwise indicates, references in this Agreement to articles, sections or exhibits are references, respectively, to articles, sections or exhibits of or to this Agreement;
( e) All exhibits referenced in this Agreement are incorporated into this Agreement and are an integral part of this Agreement;
( f) If a conflict or inconsistency exists between any exhibit and this Agreement ( exclusive of the exhibits), the provisions of this Agreement ( exclusive of the exhibits) shall control; and
(g) All references in this Agreement to contracts, agreements and other documents shall be deemed to refer to such contracts, agreements and other documents as amended, modified and supplemented from time to time.

9.14 No Recourse Against Constituent Members ofSVCEA.

SVCEA is organized as a joint powers authority in accordance with the Joint Exercise of 12 29462258v2
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assumed liability for any obligations or liabilities ofSVCEA. SVCEA will solely be responsible for all debts~ obligations and liabilities accruing and arising out of this Agreement. ZGloba] will have no rights and will not make any claimst take any actions or assert any remedies against any of SVCEA's constituent members in connection with this Agreement.

To evidence their acceptance of this Agreement, the Parties have caused their authorized representatives to sign below as of the Effective Date.

ZGlobal Inc.

B ~' v-v{ . ..

Ja~e: i. f At\ f\\&tt,\ W~Vl
Title: t~1)

SILICON VALLEY CLEAN ENERGY AUTHORITY
By: ~-{hb ~~-- .. Name: t O VV\ \-\-~+ ~ Title: CEO
By:_
Name:

Title:
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Powers Act of the State of California (Government Code Section 6500, et seq.) pursuant to the Joint Powers Agreement effective as of March 31, 2016 (the "Joint Powers Agreement") and is a public entity separate from its constituent members and under the Joint Powers Agreement such members have not assumed liability for any obligations or liabilities of SVCEA. SVCEA will solely be responsible for all debts, obligations and liabilities accruing and arising out of this Agreement.

ZGlobal will have no rights and will not make any claims, take any actions or assert any remedies against any of SVCEA's constituent members in connection with this Agreement.

To evidence their acceptance of this Agreement, the Parties have caused their authorized representatives to sign below as of the Effective Date.

ZGLOBAL INC.

N
Byame:?tj ~-cl ~~n~ ~~ Title: C"ED

SILICON VALLEY CLEAN ENERGY AUTHORITY
By:

Name:

Title:

By:_
Name:

Title:
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Final for Execution

EXHIBIT A
Definitions
Each of the following capitalized terms shall, for all purposes of this Agreement, have the respective meanings set forth below.
"Additional Term" has the meaning set forth in Section 1.1. "Agreement" means this Scheduling Services Agreement, including all exhibits attached to this Agreement, as amended, modified, or supplemented from time to time. "Applicable Laws" means all constitutions, treaties, laws, ordinances, rules, regulations, orders, interpretations, Permits, judgments, decrees, injunctions, writs and orders of any Governmental Authority or arbitrator that apply to either or both of the Parties, the Client Assets, the Services or the terms of this Agreement.
"Balancing Authority" means the entity responsible for integrating resource plans ahead of time, maintaining load-interchange-generation balance within a Balancing Authority Area, and supporting interconnection frequency in real time.
"Balancing Authority Area" means the collection of generation, transmission, and loads within the metered boundaries of the Balancing Authority. The Balancing Authority maintains load-resource balance within this area. "Business Dav" means any Day other than a Saturday, a Sunday, the day after Thanksgiving, or a Day on which commercial banks in California are authorized or required to close. "California Independent System Operator" and "CAI SO" mean the Calif omia Independent System Operator.
"CAISO Tariff means the CAISO FERC Electric Tariff, as amended from time to time. "Client Assets" has the meaning set forth in Exhibit B. "Client Assets Operating Parameters" means the various operating parameters set forth in Exhibit B.
"Commencement Date" means that date declared by Client by written notice to ZGlobal following the Effective Date upon which ZGlobal commences providing any of the Services under this Agreement.
"Confidential Information" has the meaning set forth in Section 4.1. "Day" means a calendar day beginning at 12:00 midnight, Prevailing Pacific Time. "Effective Date" has the meaning set forth in the introductory paragraph of this Agreement.

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"Energy" means electricity measured in MWh.
"Event of Default" has the meaning set forth in Section 1.3. "Financial Settlement Services" has the meaning set forth in Exhibit D. "Forecasting Services" has the meaning set forth in Exhibit E. "Force Maieure" means, in respect of a non-performing Party, an event beyond the reasonable control of the non-performing Party that the non-performing Party is unable to prevent, avoid or overcome through the exercise of diligent efforts, and that is not the result of the non-performing Party's fault or negligence or failure to comply with any provision of this Agreement. The following events, among others, shall, to the extent they meet the requirements set forth in the immediately preceding sentence, constitute Force Majeure: acts of God, landslide, lightning, earthquake, fire, explosion, flood, storm, hurricane, tornado, storm, insurrection, war, blockade, riot, civil disturbance, sabotage, terrorism and embargo.
"Forced Outage" an Outage for which sufficient notice cannot be given to allow the Outage to be factored into CAISO's day-ahead market or real time market bidding processes. "Good Industry Practice" means those practices, methods and acts that would be implemented and followed by prudent operators in the Western United States during the relevant time period, which practices, methods and acts, in the exercise of prudent and responsible professional judgment in the light of the facts known at the time the decision was made, could reasonably have been expected to accomplish the desired result consistent with good business practices, reliability and safety, and shall include, at a minimum, those professionally responsible practices, methods and acts described in the preceding sentence that comply with applicable standards and the requirements of Governmental Authorities, WECC standards, WREGIS Standards, the CAISO and Applicable Laws.

Good Industry Practice is not intended to be the optimum practice, method or act to the exclusion of all others, but rather is intended to be any of the practices, methods and/or actions generally accepted in the region.
"Governmental Authority" means any federal, state, local, municipal, tribal or other governmental, administrative, judicial or regulatory entity having or asserting junsdiction over a Party, the Client Assets, the Services or this Agreement. "Interest Rate" means the means the rate of interest per annum publicly announced from time to time by Bank of America as its 'Prime Rate', plus three percent (3%), or the maximum rate permitted by Applicable Laws, whichever is less.
"Late Fee" has the meaning set forth in Section 3.4.
"Losses" has the meaning set forth in Section 8.l(a).
"Month" means a calendar month
"Parties" means ZGlobal and Client.
"Party" means either ZGlobal or Client.

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"Performance Assurance" has the meaning set forth in Section 7 .1. "Permit" means any license, permit, approval, consent, authorization, waiver, exemption, variance, franchise or similar order of or from any Governmental Authority. "Primary Tenn" has the meaning set forth in Section 1.1. "Outage" means disconnection, separation or reduction in capacity, planned or forced, of one or more elements of an electric system.
"Participating Generator Agreement" means an agreemen~ between CAISO and the owner of a generator that participates in the CAISO markets, a pro form.a version of which is set forth in Appendix B.2 to the CAISO Tariff.
"Portfolio Management Services" has the meaning set forth in Exhibit G. "Risk Management Program Development and Support Services" has the meaning set forth in ExhibitH.
"RECs" means renewable energy certificates, which represent the environmental attributes of the power produced from renewable energy projects and which are sold separately from the electricity commodity from such renewable energy projects.
"Scheduling Coordinator" or "SC" means any entity certified by the CAISO for the purposes of undertaking the functions identified in the CAISO Tariff for Scheduling Coordinators. "Scheduling Coordinator Services" has the meaning set forth in Exhibit C. "Security Interest" has the meaning in Section 7 .2.
"Service" means any of the Services expressly identified in Section 2.2 (and set forth in the corresponding exhibits) to be performed by ZGlobal under this Agreement. "Services" means all of the services expressly identified in Section 2.2 (and set forth in the corresponding exhibits) to be performed by ZGlobal under this Agreement. "Services Fees" means the various fees for Services performed under this Agreement as set forth in Exhibit I.
"Statement" means a billing statement delivered according to Section 3.2. "Transmission Owner/Operator" means an entity owning or operating transmission facilities or having firm contractual rights to use such transmission facilities. "WECC" means the Western Electricity Coordinating Council and its successors. "WREGIS" means the Western Renewable Energy Generation Information System and its successors.

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EXHIBITB
Client Assets

1. Client Assets.
• The following is a list of assets subject to this Agreement (e.g., generators) and, if applicable, load and types of transactions to be scheduled (i.e., CAISO IS Ts, imports/exports and WECC bilateral transactions) ( collectively, the "Client Assets"). oLoad
0 o Current Supply Contracts
0 o Anticipated
0 2. Operating Parameters.
• The various operating parameters for the Client Assets are set forth in the agreements below, as may be supplemented from time to time by Client upon prior written notice to ZGlobal ("Client Assets Operating Parameters").
o Power Purchase Agreements o Meter
Service Agreements o Participating
Generator Agreements o Transmission
Service Agreements o Qualified Reporting
Entity Agreements
[End of Exhibit BJ
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EXHIBITC
Scheduling and Outage Coordination Services
If applicable, this Exhibit C details the scheduling and outage coordinator services ("Scheduling Coordinator Services") to be performed or provided by ZGlobal at Client's written request under this Agreement.

1. Categories of Scheduling Coordinator Services
Scheduling Coordinator Services functions vary depe:qding upon location (inside the CAISO vs. outside the CAISO) and need for real-time support. At Client's written request, ZGlobal shall perform the Scheduling Coordinator Services for the following categories:
• CAISO
o 7-day per week day-ahead pre-scheduling Services o 7
day, 24 hour real-time Services o Non-Business Day
real-time Services
• WECC (non-CAISO)
o Business Day day-ahead Services o 7
day, 24 hour real-time Services o Non-Business Day real-time Services

2. Description of Scheduling Coordinating Services
Scheduling Coordinator Services may include scheduling and/or bidding of Client's generation, load, transactions and contractual resources with the appropriate Balancing Authorities, Transmission Owners/Operators, purchasing/selling entities and others as necessary.

In order to effectively provide Scheduling Coordinator Services, ZGlobal shall perform activities and tasks and Client shall provide information and support as described in the following paragraphs.

3. Client's Responsibilities
3 .1 Client shall select and specify in writing the categories of Scheduling Coordinator Services listed in this Exhibit C that ZGlobal shall provide.

3.2 Designation of ZGlobal as Client's Scheduling Coordinator. At least ten (10) Business Days before the Commencement Date for ZGlobal to provide Scheduling Coordinator Services on behalf of Client, Client shall have performed all tasks necessary to allow ZGlobal to provide Scheduling Coordinator Services for Client. This includes but is not limited to executing relevant agreements, notifying relevant entities and enabling ZGlobal's access to systems on behalf of Client such as OASIS, OATI (and/or other applicable transmission scheduling applications), the CAISO's SIBR and CMRI systems, meter data and meteorological data. Prior to the C-1
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Commencement Date, ZGlobal will identify all tasks necessary for Client to complete so that ZGlobal can commence the Scheduling Coordinator Services on the Commencement Date.

3.3 Information to be Provided by Client to ZGlobal. Client shall provide ZGlobal with all relevant information to allow ZGlobal to effectively bid and/or schedule Client's resources, load and transactions ("Portfolio") into the applicable market/Balancing Authority Area. This includes data such as Client's load information, transactions with counterparties, facilities' capabilities and limitations, planned and forced outages or derates, transmission paths to be utilized, bid prices for energy and ancillary services markets, access to relevant meteorological data and all other pertinent information required by the CAISO or Balancing Authorities. Prior to the Commencement Date, ZGlobal will identify the information required from Client under this paragraph.

Information required for day-ahead pre-scheduling shall be provided no later than 7:30 AM Pacific Prevailing Time on the trading/pre-scheduling day in accordance with the W estem Electricity Coordinating Council's (WECC's) pre-scheduling timelines and CAISO Tariff. For example, the current WECC pre-scheduling timeline requires that on schedules for flow days Friday and Saturday be submitted on Thursday. Similarly, schedules for flow days Sunday and Monday are required to be submitted on Friday. The CAISO pre-schedules one day prior to flow day every day.

Information required for day-of scheduling shall be provided no later than 30 minutes prior to the applicable scheduling deadline. For WECC Balancing Authorities other than the CAISO, the hour-ahead scheduling deadline is currently 20 minutes prior to the flow hour. For the CAISO, the real-time scheduling deadline is currently 75 minutes prior to the flow hour.

3.4 Fees and Costs Imposed as a Result of Scheduling and/or Bidding. Client shall be entitled to and responsible for all costs and revenues charged or paid to ZGlobal and/or Client from Balancing Authorities, Transmission Owners/Operators, and the CAISO, or other third parties as a result of ZGlobal scheduling and/or bidding Client's Portfolio. This includes items such as the CAISO' s Grid Management Charge ("GMC"), ancillary services and energy imbalance, among others. The intent is that ZGlobal acts as a conduit for dollar flows between Client and the CAISO, Balancing Authorities, Transmission Owners/Operators, and other third parties.

Client payments for all costs and fees shall be remitted to ZGlobal no less than two (2) Business Days prior to the CAISO, Balancing Authorities and/or Transmission Owners/Operators timelines required per the appropriate tariff or contract. Client understands and agrees that failure to timely remit any such costs and fees to ZGlobal could result in Client's security being drawn upon, as further described in paragraph 3.5 below.

3.5 Client Security. To ensure ZGlobal's performance of the Services, and to secure Client's payment obligations hereunder, Client agrees to post the following forms of security:

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• CAISO Registration Security. ZGlobal is required to post $500,000 with CAISO to demonstrate ZGlobal's ability to act as a SC on an on-going basis (the "Registration Security Deposit"). ZGlobal shall post and maintain the Registration Security Deposit as required by the CAISO at no cost or expense to Client.
• Estimated Aggregate Liability Security. ZGlobal is also required to post with CAISO an amount greater than 111.11 % of ZGlobal' s Estimated Aggregate Item 1d
Attachment 1
Liability ("EAL")/.9 as SC for Client. ZGlobal's EAL is determined by the CAISO for SC obligations based on outstanding, estimated and extrapolated financial amounts. Within five ( 5) Business Days of ZGlobal' s written request, Client agrees to deposit security with ZGlobal in an amount equal to the lesser of (a) $75,000 or (b) the actual EAL obligation (as determined using the CAISO EAL calculation), which will be utilized to satisfy ZGlobal's EAL security requirements ("EAL Security Deposit"). If ZGlobal's EAL increases during the Term, ZGlobal shall promptly notify Client and Client shall promptly deposit additional security with ZGlobal such that the EAL Security Deposit is never less than 111.11 % of ZGlobal' s EAL ( as determined using the CAISO EAL calculation) up to $75,0_Q0. If Client ever fails to timely remit any costs and fees to ZGlobal as required under paragraph 3.4 above, then Cltent understands that CAISO may draw upon the EAL Security Deposit to satisfy any outstanding ZGlobal obligations as SC for Client. If the EAL Security Deposit is ever drawn upon by CAISO, then Client shall promptly replenish the amount that was drawn.

ZGlobal shall return the EAL Security Deposit to Client within five ( 5) Business Days of the termination of this Agreement.

4. ZGlobal's Responsibilities

4.1 Professional Services. ZGlobal shall perform the following Scheduling Coordinator Services in a professional manner consistent with the requirements of this Agreement and Good Industry Practices and Applicable Laws.

4.2 Scheduling. ZGlobal shall submit to the CAISO and/or Balancing Authorities schedules and/or bids consistent with the CAISO's and/or Balancing Authorities' timelines as prescribed by their tariffs and Client's CAISO Participating Generator Agreements (if required);

4.2.1 Final Schedules. ZGlobal shall provide Client with fmal confirmed day- ahead pre-schedules no later than 5 :00 PM Pacific Prevailing Time the day prior to the day that electricity flows. Any changes to the pre-schedules shall be provided to Client as soon as practicable, but no later than 8:00 AM Pacific Prevailing Time the next day.

4.2.2 OASIS and Other Pertinent Applications. If Client uses applications such as OASIS, OA TI and ICE, and ZGlobal' s access to such applications is necessary for its performance of the Services under this Agreement, upon ZGlobal' s written request Client shall provide reasonable access to such applications to the extent required by ZGlobal to perform the Services under this Agreement.

4.2.3 Outage Reporting and Notification. ZGlobal shall provide the CAISO, Balancing Authorities and/or Transmission Owners/Operators with all required notices and updates regarding Client's generation facilities as required by applicable procedures, requirements and standards. This includes information such as SLIC outage requests, SLIC Forced Outages, CAISO Forced Outage reports, among other requirements.

4.2.4 NERC Tagging and Checkout. ZGlobal shall be responsible for all tagging and checkout of schedules consistent with pertinent timelines.

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EXHIBITD
Financial Settlement Services
If applicable, this Exhibit D details financial settlement services ("Financial Settlement Services") to be perfonned or provided by ZGlobal at Client's written request under this Agreement.

1. Categories of Financial Settlement Services
Financial Settlement Services functions vary depending on the specific Scheduling Coordinator Services provided to Client ( e.g., CAISO, bilateral transactions, Open Access Transmission Tariff (OATI), and power purchase agreements (PPA)). In coordination with the Scheduling Coordinator Services set forth in Exhibit C, ZGlobal shall perform Financial Settlement Services for the following categories:
■ CAISO Settlement statement verification and invoice processing ■ CAISO Shadow settlement
■ OA TT statement verification
■ PP A statement verification
■ Bilateral transactions verification by counterparty

2. Description of Services
ZGlobal will provide Financial Settlement Services on behalf of Client to allow for settlement of Client's transactions with the appropriate Balancing Authorities, Transmission Owners/Operators, counterparties and others as necessary. Such Financial Settlement Services shall coincide with the Scheduling Coordinator Services that ZGlobal is providing to Client pursuant to Exhibit C of this Agreement.

2.1 CAISO Settlement Verification. ZGlobal will download the CAISO daily settlement statements and review the settlement statements to ensure that they are consistent with Client's scheduled and metered volumes. ZGlobal will verify that the CAISO's charges/revenues are accurate.

ZGlobal will also provide Client with a summary description of the CAISO charge types and how they are applied to Client's schedules and metered volumes.

On a weekly basis or pursuant to the CAISO Payment Calendar (as defined below), ZGlobal will receive or remit payments on behalf of Client for all CAISO Invoices and Payment Advices related to their CAISO transactions. Pursuant to Exhibit C, paragraph 3.4, all CAISO costs and revenues related to Clients' transactions shall be the responsibility of Client.

In the case of net Payment due to CAISO, Client shall remit funds to ZGlobal no less than two (2) Business Days prior to the CAISO due date published on the CAISO payment calendar available on its website ("Payment Calendar"). In the case of net payments due to ZGlobal for the Client transactions, ZGlobal will remit funds to Client no less than two (2) Business Days after the CAISO posts funds to ZGlobal. In both cases, ZGlobal will provide an invoice or payment advice to Client for remittance.

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2.2 CAISO Shadow Settlement. ZGlobal will independently perform parallel CAISO settlement calculations prior to the CAISO's publication of settlement statements to provide Client with preview of expected CAISO charges for agreed CAISO charge types related to the Scheduling Coordinator Services that ZGlobal is providing to Client under this Agreement (the "Shadow Settlement"). The CAISO Shadow Settlement results will be compared to CAISO charge types and differences between dollar values will be highlighted and investigated when deemed necessary.

ZGlobal shall publish regular exception reports resulting from shadow settlements within 30 Days of receipt of monthly T+3, T+12, T+55 CAISO invoices and on an annual basis. Content and publishing schedule is to be determined by mutual agreement between ZGlobal and Client, but at a frequency no less than once per month in addition to an annual report summarizing monthly content."

2.3 OATT Statement Verification. ZGlobal will review the settlement statements to ensure that they are consistent with Client's scheduled and metered volumes. ZGlobal will verify that the charges are accurate. ZGlobal will also provide Client with a description of the charge types and how they are applied to Client's schedules and metered volumes.

2.4 PPA Verification. ZGlobal will review the settlement statements to ensure that they are consistent with Client's scheduled and metered volumes. ZGlobal will verify that the charges/revenues are accurate. ZGlobal will also provide Client with a description of the charge types and how they are applied to Client's schedules and metered volumes.

2.5 Bilateral Transactions Verification by Counteroarty. ZGlobal shall review settlement statements for accuracy and coordinate with third parties as necessary to resolve discrepancies. Upon confirming accuracy of such statements, ZGlobal will provide a final invoice to Client for remittance to the appropriate parties.

2.6 Dispute Submittal. ZGlobal shall act as Client's representative with regard to disputes associated with Client's facilities and transactions for which ZGlobal is providing Scheduling Coordinator Services. This includes informally querying the CAISO with respect to the dispute or questionable charge, formally submitting disputes per the CAISO's dispute process and providing Client with progress status and eventual results of the dispute. To the extent there are other types of disputes, ZGlobal shall assist Client by providing information and data as necessary to resolve such disputes.

3. Client's Responsibilities
3 .1 Client shall select and specify in writing the categories of Financial Settlement Services listed in this Exhibit D that ZGlobal shall provide. 3 .2 Information to be Provided by Client to ZGlobal. Client shall provide ZGlobal with all relevant information to allow ZGlobal to effectively settle Client's Portfolio into the applicable market/Balancing Authority Area. This includes data such as Client's load information, transactions with counterparties, facilities' capabilities and limitations, planned and forced outages. or derates, transmission paths to be utilized, bid prices for energy and ancillary services markets, Settlement Quality Meter Data ( as that term is defined in the CAISO Tariff), access to relevant meteorological data and all other pertinent information required by counterparties, the CAISO, or Balancing Authorities.

3.3 Payments. Payments shall be remitted no less than two (2) Business days prior to the D-2
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CAISO, Balancing Authorities and Transmission Owners/Operators timelines required per the appropriate tariff or contract.

4. ZGlobaPs Responsibilities

4.1 Professional Services. ZGlobal shall perform the Financial Settlement Services in a professional manner consistent with this Agreement, Good Industry Practices and Applicable Laws.

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EXHIBITE
Forecasting Services
If applicable, this Exhibit E details forecasting services ("Forecasting Services") to be performed or provided by ZGlobal at Client's written request under this Agreement.

1. Categories of Forecasting Services
Forecasting Services functions vary depending upon resource type, number of resources and location of resources . .At Client's written request, ZGlobal shall perform the Forecasting Services for the following categories:
• Total Load
o Annual energy demand (MWh/month) o Quarterly energy
demand (MWh/month) o Monthly energy demand
(MWh/month) o Day-Ahead preschedule demand by hour
(MWh/hour) o Intra-day (Hour-Ahead) schedule volumes
(MWh/hour)

2. Description of Services
ZGlobal proposes to provide Forecasting Services on behalf of Client to allow for scheduling of Client's demand with the CAISO and other appropriate Balancing Authorities and others as necessary. Such Forecasting Services shall coincide with then Scheduling Coordinator Services that ZGlobal is providing to Client pursuant to Exhibit C of this Agreement.

2.1 Day-Ahead Forecasting. ZGlobal will use a computerized algorithm to convert input data to a 24-hour energy forecast of Client's demand. The forecast will be used for Day- Ahead prescheduling purposes, and will be produced at a time sufficient to meet relevant markets' and counterparties' processing time lines. The input data will include, but not be limited to, relevant meteorological data, historical data, and time of day and year.

2.2 Intra-Dav /Hour-Ahead) Forecasting. ZGlobal will utilize relevant meteorological historical data, and time of day and year to determine an hourly energy forecast for the upcoming hours of the day necessary for Hour-Ahead scheduling purposes.

2.3 Longer Term (Monthly, Quarterly. Annual) Energy Production Forecast. ZGlobal will utilize relevant historical data, expected change in customer base and external factors such as economic growth to determine an hourly forecast for the period (up to one year) as directed by Client.

3. Client's Responsibilities

3.1 Client shall select and specify in writing the categories of Forecasting Services listed in this Exhibit E that ZGlobal shall provide.

E-1

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all relevant information to allow ZGlobal to effectively forecast Client's demand to allow for scheduling into the CAISO and as applicable, other market/Balancing Authority Areas. This includes data such as historical energy demand, meteorological data, and expected changes in customer base.

Information shall be provided by Client to ZGlobal in time sufficient to perform Forecasting Services, as det~rmined and specified in writing by ZGlobal. Information shall be provided by Client in electronic format to ZGlobal' s Oracle database or other automation-ready format to be specified by ZGlobal, without errors. If ZGlobal is required to subscribe to additional data services, described below in Paragraph 4, Client shall also remain current on pass-through costs of paid data services._ As a forecast necessarily requires input data, any failure by Client to provide data will result in the inability of ZGlobal to provide a forecast.

4. ZGiobal's Responsibilities

4.1 Professional Services. ZGlobal shall perform the Forecasting Services in a professional manner consistent with this Agreement, Good Industry Practices and Applicable Laws.

ZGlobal will endeavor to provide Client's forecast in a timely manner, and in accordance with appropriate trading timeframes. ZGlobal will subscribe to paid data service~, if ZGlobal deems necessary for use as input data as noted in above in Paragraph2, and will invoice Client for the cost of such service( s ), including any costs shared among multiple other clients, if applicable.

ZGlobal will endeavor to produce forecasts as accurate as possible. As demand forecasting is an inexact art, ZGlobal makes no warranty of accuracy of its forecasts. Client indemnifies and holds harmless ZGlobal for any direct or indirect financial loss or other damages due to inaccuracy of forecasts or failure to produce forecasts.

5. Intellectual Property
The forecast results and its methodologies are the proprietary intellectual property of ZGlobal.

ZGlobal grants Client royalty-free use of forecasts for the purposes stated above in Paragraph 2.

ZGlobal reserves the right to update, improve, or otherwise alter its forecast methodologies without notice. ZGlobal may use forecasts and related information created on behalf of Client in a non-identifiable manner for purposes unrelated to the client, such as in publication in trade journals, presentation at conferences or industry forums, or in advertising. In such cases, ZGlobal will notify Client of such use.

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EXHIBITF
Facilities Management Services
[End of Exhibit F]
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EXHIBITG
Portfolio Management Services
If applicable, this Exhibit G details specific services ("Portfolio Management Services") to be performed or provided by ZGlobal at Client's written request under this Agreement.

1. Categories of Portfolio Management Services
Portfolio Management Services functions vary depending upon level of responsibility the Client desires ZGlobal to undertake (real-time, day-ahead, forward). At Client's option, Client shall expressly direct ZGlobal µi writing to perform Portfolio Management Services for the following categories:
• Assess and manage Client's net open position by performing analysis to develop strategies · for:
o Short term Energy positions (Operating Month through Real Time) o Capacity positions
o Transmission positions (including CAISO markets) o Financial positions
o Energy Storage and Demand Response bidding
• Utilize applications and data for assessment of Client's portfolio. Examples of applications and data are shown below:
o Production forecast for renewable energy resources o Production meter data for renewable energy resources o Imbalance energy costs for specific resources o Other costs that affect resource revenue o Execute financial transactions:
■ Forward (including the CAISO's Congestion Revenue Rights (CRRs)) ■ Day-Ahead
■ Hour-Ahead
• Assist Client with developing in-house expertise as directed by Client. This includes training, information, data and analysis.

2. Description of Services
ZGlobal proposes to provide Portfolio Management Services on behalf of Client to allow for managing Client's net open position.

3. Client's Responsibilities

3.1 Client shall select and specify in writing the categories of Portfolio Management Services listed in this Exhibit G that ZGlobal shall provide.

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3.2 Authorization for ZGlobal to Transact on Behalf of Client. To the extent reasonably required by ZGlobal to perform the Portfolio Management Services requested by Client, Client will provide authorization for ZGlobal to transact on Client's behalf consistent with parameters established by Client and agreed upon by ZGlobal in writing pijor to engaging in such transactions.

As a condition of performance of the Portfolio Management Services, ZGlobal will identify and Client shall have performed all tasks necessary to allow ZGlobal to provide Portfolio Management Services for Client. This includes but is not limited to executing relevant agreements, notifying relevant entities and enabling ZGlobal' s access to systems on behalf of Client. 3 .3 Information to Be Provided by Client to ZGlobal. ZGlobal shall identify and Client shall provide ZGlobal with all relevant information to allow ZGlobal to determine Client's net open position, effectively bid, schedule and execute transactions in order to close Client's net open position. This includes data such as Client's load information, transactions with counterparties, facilities' and contractual economic data, capabilities and limitations, planned and Forced Outages or derates, transmission paths to be utilized, bid prices for energy and ancillary services markets, access to rel~vant meteorological data and all other pertinent information.

Parameters required for Day-Ahead and Hour-Ahead Portfolio Management Services shall be agreed to between ZGlobal and Client at a time to allow ZGlobal to effectively perform Portfolio Management Services, but no later than 48 hours prior to day that electricity is to be scheduled onto the electrical grid.

Parameters required for forward Portfolio Management Services shall be agreed to between ZGlobal and Client at a time to allow ZGlobal to effectively perform Portfolio Management Services, but no later than one calendar week prior to day that electricity is to be scheduled onto the electrical grid.

3.4 Fees and Costs Imposed as a Result of Portfolio Management Services. For transactions that ZGlobal transacts on behalf of Client, Client shall be responsible for all costs and revenues Client incurs as a result of such transactions. Costs and revenues may emanate from Balancing Authorities, Transmission Owners/Operators, the CAISO or third parties. This includes items such as the CAISO's Grid Management Charge (GMC), ancillary services, among others. The intent is that ZGlobal acts as a conduit for dollar flow between Client and the CAISO, Balancing Authorities, Transmission Owners/Operators and third parties.

4. ZGlobal's Responsibilities

4.1 Transactions. At Client's written direction, ZGlobal shall execute transactions on behalf of Client designed to implement Client's portfolio management strategy. Prior to executing any transactions, ZGlobal and Client shall document portfolio management strategy, roles, responsibilities, allowable transactions (for example, product, term, and counterparty), and process for performing Portfolio Management Services pursuant to this Agreement.

4.2 Strategy Review. Client and ZGlobal shall meet on a regular basis to review Client's portfolio management strategy, but no less than twice per year.

4.3 Transaction Data. All transaction data shall be recorded and stored by ZGlobal and provided to Client as requested. Transaction data shall include information such as counterparty, tenure, price, volume, location, and product.

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/
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4.4 Reports. ZGlobal shall publish regular Portfolio Management Services reports.

Reports shall include exception reports resulting from shadow settlements within 30 Days of receipt of monthly T+3, T+l2, T+55 CAISO invoices. Content and publishing schedule is to be determined by mutual agreement between ZGlobal and Client, but at a frequency no less than once per month.

ZGlobal shall provide standardized monthly reports including, but not limited to, the following, upon Client's request: net short and long positions, day ahead energy charges, imbalance charges, portfolio changes, and potential areas for improvement and CRR effectiveness reports. Upon Client's request, ZGlobal shall also provide ad hoc settlement and contract analysis and settlement charge code and billing determinant data.

4.5 Professional Services. ZGlobal shall perform Portfolio Management Services in a professional manner consistent with this Agreement, Good Industry Practices and Applicable Laws.

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EXHIBITH
Risk Management Program Development and Support Services If applicable, this Exhibit H details specific services ("Risk Management Program Development and Support Services") to be performed or provided by ZGlobal at Client's written request under this Agreement.

1. Categories of Risk Management Program Development and Support Services Risk Management Program Development and Support Services functions vary depending upon level of responsibility the Client desires ZGlobal to undertake (polices, processes, and procedures). At Client's written request, ZGlobal shall perform Risk Management Program Development and Support Services for the following categories:

Initial assessment of Risk Policy Review Current Risk Management Documents and Tools ■ Confinnation of Organizational Objectives,
■ Confirmation of Client's Risk Management Organizational Structure and Responsibilities,
■ Understanding of procurement strategy, including methods for measurement and management of net open positions for the short, mid and long-term, ■ Perform comprehensive review of information and documentation provided by Client ■ Assess and document Client's risk tolerance
■ Develop for discussion purposes approaches for monitoring and managing Net Open Position on an intermediate and long-term basis and associated risk ■ Compare and contrast existing practices and information with those that are needed to reflect Client's risk tolerance
Develop Comprehensive Risk Policy Consistent with Client's Risk Tolerance, includes provisions for the following:
■ Measuring and closing Net Open Position in the short-term (less than one year); Concepts and approaches for intermediate and long term management ■ Procurement to satisfy load obligations
■ Submitting load and resource bids and offers into markets ■ Executing bilateral physical transactions including exposure to credit risk ■ Executing financial transactions
■ Submitting offers to markets
■ Hedging instruments consistent with Client's risk tolerance ■ Approved products
Develop Operating Procedures for Risk Management Activities ■ Measuring and closing Net Open Position in the short term (less than one year) ■ Procurement to satisfy load obligations
■ Executing bilateral physical transactions including exposure to credit risk H-1
■ Executing fmancial transactions
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■ Submitting offers into markets
■ Hedging instruments consistent with Client's risk tolerance ■ Approved products
Develop documented material suitable for presentation to management and/ or Board of Directors and will include:
■ Confirmation of Organizational Objectives,
■ Confirmation of the Risk Management Organizational Structure and Responsibilities, ■ Identification and prioritization of Risks given its portfolio definition, ■ Analysis of current Risk Tolerance including assessment of limit structures and approved products and recommendations for improvement,
■ Understanding of procurement strategy, including methods for measurement and management of net open positions for the short, mid and long-term, ■ Recommendations for changes to credit procedure and counterparty transaction limits,
■ Updated Risk Management Policy, and
■ Updated reporting and metrics as needed.
■ Develop and present material to Client's management team for approval ■ Modify material based on feedback from Client as necessary ■ Discussion of intermediate and long term Net Open Position management On-going Support Services. Once the updated policy and procedures including approved risk tolerances have been adopted, ZGlobal will be available for on-going support upon request to provide the following services as outlined in approved risk procedures:
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■ Provide on a monthly basis counterparty credit risk exposure report, ■ Perform annual counterparty credit strength evaluation and provide credit assessment based on the clients approved counterparty credit limits, including evaluating new counterparties on an as needed basis,
■ Assist in establishing the proper security requirements for purchase power agreements based on client's desired level of risk exposure, ■ Assist in the review of letters of credit and parental guarantees received as security deposits from counterparties,
■ Monitor counterparty business risk and provide reporting on news pertaining to their business and could have impact, including providing updates from credit rating agencies when applicable,
■ Evaluate periodically the energy risk management policy and procedures, and provide recommendations to improve overall effectiveness including comparison with other municipal utilities and best practices for similar entities, ■ Review the hedging strategy and compare with other municipal utilities and best practices for similar entities. Provide recommendations if needed, ■ Assess risks of term transactions and long-term agreements, H-2
Item 1d
Attachment 1
■ Perform evaluation of the current value-at-risk calculation and provide recommendations to improve overall effectiveness. Provide recommendations on risk metrics appropriate for a municipal entity to measure risk exposure, and ZGlobal will provide on-demand support through the duration of this contract. Lead times to complete requested services will vary depending on the tasks. Based on the availability of team members high-level schedules will be determined by mutual agreement.

2. Description of Services
ZGlobal proposes to provide Risk Management Program Development and Support Services on behalf of Client to create their Risk Management Program and provide support in managing Client's net open position.

3. Client's Responsibilities

3.1 Client shall select and specify in writing the categories of Portfolio Management Services listed in this Exhibit H that ZGlobal shall provide. 3 .2 Information to Be Provided by Client to ZGlobal. ZGlobal will identify and Client shall provide ZGlobal with all relevant information to allow ZGlobal to determine Client's risk including:
■ Credit assessment for new counterparty is completed upon review of third-party security documents
■ Third party review of security documents assumes that documents are readily available.
■ Input data is readily available for assessing hedging strategy 31\d estimating Value at Risk calculation
■ All necessary information to allow ZGlobal to determine Client's net open position and other metrics defined by the documented Risk Policy, Process, or Procedure.

4. ZGlobal's Responsibilities

4.1 Strategy Review, Client and ZGlobal shall meet on a regular basis to review Risk Management documentation and review the risk strategy, but no less than once per year.

4.2 Required Data, All transaction data shall be recorded and stored by ZGlobal and provided to Client as requested. Transaction data shall include information such as counterparty, tenure, price, volume, location, and product.

4.3 Reports, ZGlobal shall publish regular reports. Content and publishing schedule is to be determined by mutual agreement between ZGlobal and Client, but at a frequency no less than once per quarter.

H-3
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Item 1d
Attachment 1

4.4 Professional Services, ZGlobal shall perform these services in a professional manner consistent with this Agreement, Good Industry Practices and Applicable Laws.

H-4
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[End of Exhibit HJ
Item 1d
Attachment 1
Final for Execution

EXHIBIT I
Services Fees
This Exhibit I describes the Services Fees ("Services Fees") to be remitted to ZGlobal from Client for all Services performed pursuant to this Agreement. It also lists additional contact information for Client and ZGlobal.

Service Fees
• Note Service Fees Shown Below are Waived for the First Six Months after each service Start Date as listed in Section 2.2.
• Set-up and Scheduling Coordinator Transition Fees= $0 • Scheduling Coordinator Services Fee = $4,250 per month for 12 months then escalated by

2.0% each year thereafter
• Financial Settlement Services Fee = $0
• Forecasting Services Fee= $5,125 per month for 12 months, then escalated by 2.0% each year thereafter
• Facility Management Services Fee = $NI A
• Portfolio Management Services Fee= $6,425 per month for 12 months, then escalated by

2.0% each year thereafter
• Risk Management Program Development and Support Services Fee = $0 [End of Exhibit I]
1-1
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Item 1d
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Real Time:

Tel: 760-483-5000
[email protected]

EXHIBITJ
Contacts
Additional Contacts: Day Ahead: _
Eric Vaa Tel: (916)985-9461
Monthly/Structured:

Kevin Coffee
Tel: (916)985-9461
Deal Confirmations:

Christine V angelatos Tel: (916)985-9461

CLIENT CONTACTS
[End of Exhibit J]
J-1
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Final for Execution
E-mail: [email protected]
E-mail: [email protected]
Email: [email protected]
Item 1d
Attachment 1
Final for Execution

EXHIBITK
Information Resources
This Exhibit K describes the software, databases, data, and information portal(s) developed or acquired by ZGlobal on Client's behalf that ZGlobal shall provide Client and Client's designated representatives and consultants access to in connection with the Services:
• MCG Integrated Asset Manager (1AM) -
Services provided under this Agreement include storing Client's energy transactional and settlement data hosted and maintained by MCG via a software services agreement with ZGlobal. Client's operational, scheduling and settlement data stored in the MCG 1AM shall be. provided electronically as part of the Generation and Load Scheduling Services via regular data downloads, reporting and/ or ad hoc requests, including:
• Email communication
• Shared folders
• Pushed reports
Client shall retain Rights in Data, Confidentiality and Non-Disclosure for all its scheduling, settlement and contractual information. CAISO Shadow Settlements CAISO shadow settlements that are used to validate CAISO daily and monthly settlement statements, invoices and payment notices will be made available to Client via a mutually agreed method through customized reports and bill determinant files. Shadow settlement data and files are to be calculated or prepared using the relevant CAISO shadow settlement system utilized by ZGlobal during the term of this Agreement between ZGlobal and Client including but not limited to: Power Settlements Settlecore, MCG 1AM and/or other customized tools developed by ZGlobal staff. CAISO shadow settlements shall be provided as part of Generation Scheduling Services and Load Scheduling Services, as applicable. • CRR Analysis
Results of CRR analysis performed for Client including any inputs ( e.g. - prices, constraints and outages) used to prepare such results will be made available to Client via a mutually agreed method through customized reports and data files. CRR analyses are to be performed utilizing various database services and tools acquired by ZGlobal to perform such analysis, including but not limited to: Yes Energy's PowerSignals, ZGlobal proprietary Oracle databases, CAISO OASIS, Plexos Integrated Energy Model and/or other similar data sources and applications. Direct access by Client staff to one or more of ZGlobal' s database sources or software tools shall be governed by any relevant software license or use agreements ZGlobal has with the relevant third party during the term of this Agreement between ZGlobal and Client. In some cases, this may require Client to have its own agreement and fee structure with said third party and ZGlobal will promptly notify K-1
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Item 1d
Attachment 1
Client if a separate agreement is required. Systems related to CRR Analysis shall be provided as part of the Portfolio Management Services.

K-2
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[End of Exhibit K]

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Staff Report – Item 1e
Item 1e: Adopt Resolution Delegating Authority to the Chief Executive Officer to Amend Existing Renewable Resources Power Purchase Agreements (PPAs) and Energy Storage Service Agreements (ESSAs) As Exigent Circumstances Arise Consistent with Policies and Financial Parameters Initially Established in the Approval of the PPAs
From: Girish Balachandran, CEO
Prepared by: Monica Padilla, Director of Power Resources Bob Tang, Power Supply Project Manager
Date: 3/9/2022

RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy (SVCE) Board adopt Resolution 2022-08 delegating authority to the Chief Executive Officer (CEO) to execute amendments to the existing renewable resources power purchase agreements (PPAs) and Energy Storage Service Agreements (ESSA) when exigent circumstances arise to the extent amendments are in conformance with the policies and financial parameters initially established in the approvals of the PPAs.

EXECUTIVE COMMITTEE RECOMMENDATION
At the February 25, 2022 Executive Committee meeting, Staff recommended the Committee recommend the SVCE Board delegate the additional authority to the CEO to execute amendments to the PPAs/ESSAs within specific guidelines when exigent circumstances dictate timely approval of the amendments.

The Committee voted unanimously with one member absent to recommend such delegation of authority to the CEO.

BACKGROUND
In the past three years, SVCE has entered into thirteen long term renewable resources PPAs to fulfill SVCE’s obligations toward California’s Renewable Portfolio Standard (RPS) mandate as well as policy directives established by SVCE’s Board. Additionally in February 2022, the SVCE Board authorized the execution of the first ESSA through California Community Power to meet the long duration storage requirements under the California Public Utilities’ Commission Mid-term Reliability Procurement Order. Table 1 is a summary of SVCE Board authorized long-term PPAs and ESSAs (“Agreements”).

Item 1e
/ A"\ SILICON VALLEY
~CLEAN ENERGY
Agenda Item: 1e Agenda Date: 3/9/2022

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Table 1: SVCE Existing and Pending PPAs and ESSAs
In the approval of these Agreements, the Board typically delegates the authority to SVCE’s Chief Executive Officer (CEO) to execute the PPA and the associated ancillary documents for the PPAs. This delegation of authority is envisioned to be ministerial and administrative in nature as the Board would have already approved the terms and conditions of the PPAs in the first instance, e.g. the MW amount to be purchased, the duration of the PPA, the pricing, the not-to-exceed (NTE) budget for the life of the Agreement, credit terms and other terms and conditions specified in the PPA etc.

Many of these Agreements are associated with new projects that require significant lead time toward development, engineering, construction and commissioning with many unknowns and uncertainties. In the implementation of these Agreements, circumstances have arisen that will require some deviations from the terms and conditions of the PPA to be effectively implemented. Some examples of these deviations are:

1. Agreement Start Date
The agreements typically specify the date the project must start delivery of power with a specified allowance for an early start (up to ninety days earlier) or a delayed start (up to 120 days of delay).

In the instance of one agreement , the project is anticipated to finish its construction and commissioning activities and ready to start power delivery well ahead of the 90-day early start limitation. Unless the agreement is formally amended by the Board to waive the early start limitation, the project will be either sitting idle for many months or be selling to other entities to the detriment of SVCE as it is to SVCE’s best interest to accept the early start.

In other instances, several projects are facing uncertain impact in component deliveries caused by supply chain disruptions due to global pandemic that could likely extend beyond the 120-day delay limitations. Unless the PPA is formally amended by the Board to waive the 120-day delay limitation, these projects are likely to fail and the agreements might be terminated by the developer for fear of occurring significant delay damages if they continue development beyond the 120-day delay limitation.

In these instances, it is to SVCE’s interest to promptly provide reasonable accommodation and certainty to the developers to the timing of project commercial operation date so long the duration of the agreement and the pricing do not change.

Item 1e
- ,- - Lifetime
Notto Average
Exceed Annual Annual Cost as
Approximate % Authority cost % of Power Board
Developer Project Name Technology Contract Type of load in 2024 Term (years) (MM$) (MM$) Supply Cost Approval Recurrent
1 Energy/canadian Solar Slate New Solar+ Storage PPA 6.7% 17 $198 $12 5% Oct-18 2 EDF Big Beau New Solar+ Storage PPA 5.8% 20 $196 $10 4% Oct-18 3 Ormat casa Diablo New Geothermal PPA 1.4% 10 $43 $4 2% Feb-20 4 Middle River Power Coso Existing Geothermal PPA 9.6% 15 $331 $22 9% Mar-20 5 First Solar/LS Power Rabbit brush New Solar+ Storage PPA 3.0% 15 $64 $4 2% Apr-20 6 Nextera Yellow Pine New Solar+ Storage PPA 4.1% 20 $128 $6 3% May-20 7 8 Minute Energy Aratina New Solar+ Storage PPA 6.6% 20 $174 $9 4% Jun-20 8 174 Power Global At las New Solar PPA 3.8% 10 $27 $3 1% Jan-21 9 Samsung Angela New Solar+ Storage PPA 1.4% 15 $35 $2 1% Mar-21 10 AES Mountain View Existing Wind PPA 3% 20 $128 $6 3% Apr-21 11 Origis San Luis West New Solar+ Storage PPA 4% 15 $74 $5 2% Apr-21 12 Clearway Victory Pass New Solar + Storage PPA 8% 15 $149 $10 4% May-21 13 Terra-gen cameron Crest Existing Wind PPA 5% 15 $150 $10 4% May-21 14 LS Power/Rev Renewables Tumbleweed Long Durat ion Storage ESSA n/a 15 $100 $7 3% Feb-22 Total 62% $1,797 $110 43%
Agenda Item: 1e Agenda Date: 3/9/2022

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2. Ancillary Costs
In the implementation of the projects, staff has found that there are a myriad of costs associated with critical services to which the cost responsibility is not clearly delineated to either the seller or the buyer in the PPA.

One example of such costs is the cost associated with the telemetry service to monitor the generating plant status at all times from CAISO power scheduling perspective. This is a critical service to which the cost responsibility is not clearly delineated in the PPA.

Another example would be a change in configuration of a generating plant that provides more value to SVCE.

Although there are provisions in the PPA that deal with cost responsibility caused by changes in regulations that seller is responsible for, it is not clear whether it covers the costs of potential changes to the configuration that benefits SVCE.

In these instances, it is to SVCE’s interest to timely negotiate with the PPA counterparties and reach an agreement on cost responsibility, typically at fairly modest costs and carry out the implementation without delay.

3. Pricing for Phased Project
In the agreements, typically pricing for power when the generating plant undergoes testing is at a discount of full PPA price, e.g. 70% of full PPA price.

In some instances, different parts of the project may become available for commercial operation at different times, e.g. the solar PV portion may become fully operational before the battery energy storage system becomes fully operational with a significant time lag. In such instances, it may make sense to pay the full PPA price for the phased project if the product delivered is of full value, i.e. pay full price for PV energy is the PV portion is fully operational and recognized as such by the CAISO.

As more projects get developed, there are likely to be other circumstances that may dictate deviations or amendments to the existing PPAs in a timely manner.

With this in mind, staff recommends that the SVCE Board delegate authority to the CEO to amend the existing Agreements without Board approval that adhere to the following guidelines:

1. Any amendment shall not extend the term of the existing Agreement or ESSA without Board approval;

2. Any amendment shall not change the pricing under the Agreement or ESSA after the delivery term starts without Board approval;

3. An amendment may change the pricing provided that: (i) such change occurs during the project testing period (“Test Energy Pricing”), and (ii) the CEO determines that such change provides the best value to SVCE;

4. Any amendment shall not cause the not-to-exceed budget for the life of the Agreement or ESSA originally approved by the Board to be exceeded without Board approval.

5. The CEO will provide timely updates to the Board when amendments to the Agreements are executed under this delegated authority

STRATEGIC PLAN
Item 1e
Agenda Item: 1e Agenda Date: 3/9/2022

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The proposed delegation of authority to CEO supports SVCE’s Strategic Plan Goal #6, Manage and optimize power supply resources to meet affordability, GHG reduction and reliability objectives. The proposed delegation of authority to CEO supports this goal by acting timely to effectively manage SVCE’s renewable resource portfolio consistent with Board’s policy and financial directives.

ALTERNATIVE
An alternative is to seek Board approval in every instance that PPA amendment is required. However, this alternative is not preferred as it might result in significant administrative burden for modest changes to the PPA that benefit SVCE. In some instances, timely amendment is critical to provide the certainty that a developer might need to carry on the development activities which the formal Board approval process might not be able to accommodate.

FISCAL IMPACT
The proposed delegation of authority to CEO might result in some additional costs under the PPAs or ESSA. As explained above, such additional costs are bounded by the recommended guidelines above and are not expected to exceed the original not-to-exceed authority approved by the Board without further Board approval.

PPA and ESSA expected expenditures will be included in the annual operating budget as adopted by the Board.

ATTACHMENT

1. Resolution 2022-08 Delegating Authority to the Chief Executive Officer to Amend Existing Renewable Resources Power Purchase Agreements (PPAs) and Energy Storage Service Agreements (ESSAs) as Exigent Circumstances Arise Consistent with Policies and Financial Parameters Initially Established in the Approvals of the PPAs and ESSAs
Item 1e
Resolution 2022-08 -1-

SILICON VALLEY CLEAN ENERGY AUTHORITY
RESOLUTION NO. 2022-08

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SILICON VALLEY CLEAN

ENERGY AUTHORITY DELEGATING THE AUTHORITY TO THE CHIEF EXECUTIVE

OFFICER TO AMEND EXISTING RENEWABLE RESOURCES POWER PURCHASE AGREEMENTS (PPAs) AND ENERGY STORAGE SERVICE AGREEMENTS (ESSAs) AS

EXIGENT CIRCUMSTANCES ARISE CONSISTENT WITH POLICIES AND FINANCIAL PARAMETERS INITIALLY ESTABLISHED IN THE APPROVALS OF THE PPAs AND ESSAs

THE BOARD OF DIRECTORS OF THE SILICON VALLEY CLEAN ENERGY AUTHORITY HEREBY RESOLVES AS FOLLOWS:

WHEREAS, the Silicon Valley Clean Energy Authority (“SVCE”) was formed on March 31, 2016, pursuant to a Joint Powers Agreement to promote, develop, conduct, operate, and manage energy programs in Santa Clara County;
WHEREAS, launch of service for Phase I occurred in April 2017, and launch of service for the remaining Phases occurred in July 2017;
WHEREAS, SVCE has entered into long term power purchase agreements for renewable resources and energy storage service agreements to fulfill SVCE’s obligation toward California’s Renewable Portfolio Standard (RPS), procurement mandate of California Public Utilities Commission and the directives established by the SVCE’s Board; WHEREAS, in the approvals of PPAs and ESSAs SVCE’s Board has delegated the ministerial and administrative authority to the Chief Executive Officer (CEO) to execute the PPAs/ESSAs and the associated ancillary documents in the PPAs/ESSAs; WHEREAS, in the implementation of the PPAs/ESSAs exigent circumstances have arisen to address issues and cost responsibilities not initially contemplated in the approvals of PPAs/ESSAs that require deviations from or clarification of the terms and conditions in the existing PPAs/ESSAs;
WHEREAS, timely resolution of these new PAAs/ESSAs issues via amendments to the existing PPAs/ESSAs is essential to provide the certainty project developers require to continue project development activities in an efficient and effective manner; WHEREAS, the Board wishes to delegate additional authority to the CEO to execute necessary amendments to the existing PPAs/ESSAs in such circumstances within the guidelines established in this Resolution;

NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SILICON VALLEY CLEAN

ENERGY AUTHORITY DOES HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:

Section 1. The Board hereby delegates authority to the Chief Executive Officer to execute amendments to the existing PPAs and ESSAs without the Board’s prior approval, provided that such amendments will adhere to the guidelines outlined as follows:

Item 1e
Attachment 1
Resolution 2022-08 -2-
a. Any amendment shall not extend the term of the existing PPA or ESSA without Board approval;
b. Any amendment shall not change the pricing under the PPA or ESSA after the delivery term starts without Board approval;
c. An amendment may change the pricing provided that: (i) such change occurs during the project testing period (“Test Energy Pricing”), and (ii) the CEO determines that such change provides the best value to SVCE;
d. Any amendment shall not cause the not-to-exceed (NTE) budget for the life of the PPA or ESSA originally approved by the Board to be exceeded without Board approval; e. The CEO will provide timely updates to the Board when amendments to the Agreements are executed under this delegated authority

ADOPTED AND APPROVED this 9th day of March 2022, by the following vote:

JURISDICTION NAME AYE NO ABSTAIN ABSENT
City of Campbell Director Gibbons
City of Cupertino Director Willey
City of Gilroy Director Hilton
City of Los Altos Director Fligor
Town of Los Altos Hills Director Tyson
Town of Los Gatos Director Rennie
City of Milpitas Director Chua
City of Monte Sereno Director Ellahie
City of Morgan Hill Director Martinez Beltran
City of Mountain View Director Abe-Koga
County of Santa Clara Director Lee
City of Saratoga Director Walia
City of Sunnyvale Director Klein
________________________________
Chair
ATTEST:
__________________________________
Clerk
Item 1e
Attachment 1

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Staff Report – Item 1f
Item 1f: Approve Bill Credits to CARE/FERA Customers to Implement Board Direction to Distribute $3 Million in Customer Relief Funding
From: Girish Balachandran, CEO
Prepared by: Don Bray, Director of Account Services and Community Relations Peyton Parks, Energy Services Lead
Date: 3/9/2022

RECOMMENDATION
Distribute $3M in equity relief funding approved by the SVCE Board of Directors in February 2022 via bill credits of $12.50, paid monthly to all SVCE CARE/FERA customers during the eight-month period of April – November 2022.

BACKGROUND
Residential electricity rates (in total, including generation, transmission and distribution, and other fees) are increasing by 13-15% effective March 1, 2022. In the community, the financial impacts of COVID persist. The number of low-income CARE/FERA customers has increased by 30% since early 2020, and total customer past-due balances have doubled from pre-pandemic levels.

To help mitigate the impact of electric rate increases on lower-income customers, the SVCE Board voted on February 9, 2022 to allocate $3M in rate relief for disadvantaged customers, and directed staff to return to the Board in March with a recommendation for how to allocate and distribute the relief funding.

Relatedly, in 2020, SVCE provided $3.4M in COVID relief credits to qualifying residential and small business customers. Residential CARE/FERA customers received a total of $100 in bill credits, credited in two $50 installments on successive monthly bills. Small business customers were sent notices via hardcopy mail and email informing them of their credit eligibility, and if they returned a simple claim form, received a one-time $250 bill credit.

ANALYSIS & DISCUSSION
As of February 2022, SVCE has 29,800 income-qualified CARE/FERA customers, approximately 12% of all SVCE residential customers. As of March, the average monthly electric bill for an SVCE CARE/FERA customer will be $90, up from $77 in 2021.

On February 25th, SVCE staff reviewed three options with the Executive Committee for allocation and distribution of the $3M in relief funding:
1) One-time bill credit of $100 to all CARE/FERA customers in April 2022 2) Multiple bill credits – eight monthly $12.50 credits to CARE/FERA customers of record during the months of April-November 2022
3) Establishment of a new (and higher) SVCE discount rate for all CARE/FERA customers, equating to an annual savings of approximately $100 for a typical CARE/FERA customer.

The Executive Committee and staff both recommend Option 2. Option 2 provides a credit over much of the remainder of 2022 that is well-matched with electric rate increases being incurred by a typical CARE/FERA Item 1f
IA'\ SILICON VALLEY ~ CLEAN ENERGY
Agenda Date: 03/09/2022

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customer. In addition, as the credit is applied over several months, it offers increased customer visibility, and is more likely applied to SVCE-specific charges. This process of applying monthly credits will result in no additional administrative costs for SVCE.

Option 1 provides funds to customers more rapidly, but as most SVCE CARE/FERA customers owe less than $100 to SVCE monthly, the credit will likely also pay for other charges on the energy bill – including PG&E charges for gas, and electricity transmission/distribution. In addition, the credit appears for just one month, making the benefit less persistent, and potentially less visible.

Option 3, establishing a higher discount rate for CARE/FERA customers, involves creation of new SVCE rates for all residential rate schedules, and special billing processes that will take significant time and resources to implement. SVCE would need to pay Calpine (our billing and data services provider) an incremental fee to create this new rate structure. Customers would need to be formally noticed that they are being moved to a special rate – when they are placed on this new rate, and when they are taken off.

STRATEGIC PLAN
SVCE’s decision to allocate additional rate relief credits to lower-income customers is consistent with Strategic Plan Goal 11.7 - maintain and expand relationships with community groups, including in underserved/hard-to-reach communities, and Goal 12.1 - maintain SVCE customer value proposition, participation rate, and retail electric rates.

FISCAL IMPACT
During the February 9, 2022 Board of Directors meeting, the Board voted to allocate $3M in rate relief for lower-income customers. Option 2 as described above would result in estimated payments totaling $2.98M in rate relief, based on $100 in total credits (8 months x $12.50) and a CARE/FERA customer count of 29,800 as of February 2022.

If the number of qualifying customers varies between April and November of 2022, the estimated $2.98M in payments would fluctuate accordingly. Staff anticipates that the total number of CARE/FERA customers should remain mostly stable in the coming months, as processes for eligibility renewal are being re-established by PG&E.

ATTACHMENT

1. Presentation to Board of Directors, March 9, 2022 – Recommendation for Allocation of $3M in Customer Relief Payments
Item 1f
1 • Subtitle
New SV Clean Energy
PowerPoint Template
Recommendation for Allocation of
$3M in Customer Relief Payments
Presentation to Board of Directors
March 9, 2022
Item 1f
Attachment 1
2 On Feb 9, the SVCE BOD approved $3M in funding
for equity relief, to help mitigate rate increases.

Background
• Residential electricity rates (in total) set to increase 13-14% on March 1st
• Financial impacts of COVID remain a major issue
o Number of CARE/FERA customers up nearly 30% since early 2020 • In 2020, SVCE provided $3.4M in COVID relief credits to qualifying residential and small business customers
o two $50 bill credits for ~26,000 CARE/FERA residential customers o one $250 bill credit to ~3,000 small business customers • Staff to bring recommendation for new equity relief payments back to the BOD in March
Item 1f
Attachment 1
3 On Feb 25th, the Exec Committee reviewed three
relief payment options, and recommended Option 2
29,800 CARE/FERA
customers as of Feb 2022
Average Electric Bill
- $90.31 in 2022
- $76.62 in 2021
1) One-Time Direct Bill Credit
• $100 to all CARE/FERA customers
• deliver in April 2022
2) Multiple Direct Bill Credits
• e.g. eight monthly $12.50 credits
• deliver April through November 2022
3) Discounted rate for CARE/FERA
• raise discount above 1% for CARE/FERA customers
• estimated (annualized) discount in range of ~15%
• several months to implement
Item 1f
Attachment 1
4 CARE/FERA Rate Relief – Evaluation of Options
Option 1: One-Time Bill Credit
Mechanics Considerations
• Credit is announced to customers via direct
SVCE communication (mail, email, etc.)
• Calpine receives list of qualified customers
from SVCE
• A single $100 credit is applied to customer
accounts, with on-bill message
• Customer sees direct reduction in amount
owed
• Majority of customers owe less than $100
monthly to SVCE for generation
• Credit dollars above and beyond SVCE gen
charges will flow to PG&E side of bill (T&D, gas)
• Credit dollars above and beyond SVCE + PG&E
charges will exist on account as credit until used
• No additional admin cost for billing
Item 1f
Attachment 1
5 CARE/FERA Rate Relief – Evaluation of Options
Option 2: Multiple Bill Credits
Mechanics Considerations
• Credit is announced to customers via direct
SVCE communication (mail, email, etc.)
• Calpine receives list of qualified customers
from SVCE
• A smaller credit amount (e.g. $12.50) is
applied over multiple months (e.g. 8) to
customer accounts, with on-bill message
• Customer sees direct reduction in amount
owed
• Majority of customers owe less than $100 monthly to
SVCE for generation
• With smaller monthly credit amounts, dollars are
more likely to apply directly offset SVCE gen charges
• Customers will see a credit amount from SVCE over
a period of many months, versus one month
• Credit dollars above and beyond SVCE + PG&E
charges will exist on account as credit until used
• No additional admin cost for billing
Item 1f
Attachment 1
6 CARE/FERA Rate Relief – Evaluation of Options
Option 3: Rate Discount to CARE/FERA Customers
Mechanics Considerations
• Credit (or Discount) is announced to
customers via direct SVCE communication
(mail, email, etc.)
• SVCE develops rate product based on
participation and revenues, Calpine
implements and bills customers
• ~15% reduction in residential rates yields a
savings of $3M across ~30k customers for
12 months
• Customers must be noticed, moved to special rate,
then taken off a special rate
• Rate relief will be proportional to customers’ usage - high users will benefit more
• Considerable add’l admin costs associated with a
Calpine ‘special project’ to create new rate product
• CARE/FERA participation must be tracked weekly
• SJCE invested significant staff and financial
resources to create a similar product
Item 1f
Attachment 1
7 CARE/FERA Rate Relief
Recommendation
The Executive Committee and Staff recommend Option 2 – Multiple Bill Credits as the best approach for implementing rate relief:
• $12.50/month, for 8 mos (April – November 2022), paid for all CARE/FERA customers on record in the preceding calendar month
• Simple and proven process, no incremental data/billing administration costs • Smaller monthly credit amounts over multiple months will usually offset SVCE charges, versus other portions of the energy bill; SVCE credits visible on bill for multiple months • Estimated total credit amount of $2.98M, based on February 2022 CARE/FERA customer counts; actual total credit amount will vary based on monthly CARE/FERA enrollment counts Item 1f
Attachment 1
8 Learn more svcleanenergy.org
[email protected]
1-844-474-7823
@svcleanenergy
Questions
Item 1f
Attachment 1

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Staff Report – Item 1g
Item 1g: Approve and Authorize the Chief Executive Officer to Execute Agreement with School of Thought for Marketing And Advertising Services
From: Girish Balachandran, CEO
Prepared by: Don Bray, Director of Account Services and Community Relations Pamela Leonard, Communications Manager
Date: 3/9/2022

RECOMMENDATION
Staff recommends the Board of Directors authorize the Chief Executive Officer to execute an agreement with School of Thought for an amount not to exceed $300,000 from March 2022 through February 2024 for marketing and advertising services. These services will help promote customer electrification awareness via the SVCE eHub, and additional electrification programs.

BACKGROUND
As part of the education and outreach programs approved in the Decarbonization Programs Roadmap, SVCE built and launched an online customer resource center known as eHub in summer 2020. The eHub provides SVCE customers with educational information and resources on how clean energy can power their homes, car, and appliances. eHub offers a set of third-party tools that customers can use to browse solar and battery systems with the Solar+Battery Assistant, compare EV models and rebates with the EV Assistant, or learn about and shop electric appliances with the Appliances Assistant.

In December 2019, the SVCE Board of Directors approved a $140,000 contract with School of Thought, an Oakland-based creative agency, to provide strategic messaging, website design, and user experience services to develop eHub. This work included customer research and interviews that informed the overall structure and messaging of eHub, and creative content used to drive interest in eHub and awareness of electrification.

School of Thought also provided media buying services for SVCE’s support of the Building Decarbonization Coalition’s Switch Is On electrification awareness campaign. The initial contract with School of Thought was extended in June 2021 and expired in December 2021.

Staff ran a competitive Request for Proposals (RFP) from November 2021 through January 2022 to identify a creative agency for the ongoing need to perform electrification education and outreach to customers. SVCE received 10 proposals from agencies throughout California and the U.S. School of Thought’s proposal was very competitive, and they were selected to interview along with three other bidders.

In the interview, School of Thought differentiated themselves by demonstrating a deep understanding of building and transportation decarbonization, particularly the challenges we face in elevating the importance of such initiatives to the general public. They also presented new ideas about digital engagement, particularly the use of captivating video, as well as in-person opportunities to give customers experiences that connect them to our mission. School of Thought continues to work with the Building Decarbonization Coalition, which allows SVCE to leverage the research and insights of working with this statewide organization. Continuing to work with School of Thought also offers SVCE the advantage of building on the successes and lessons learned from working with the firm in 2020 – 2021.

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/ A"\ SILICON VALLEY
~CLEAN ENERGY
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ANALYSIS & DISCUSSION
A critical part of meeting SVCE’s decarbonization goals is to educate and inform customers about the importance of electrification and provide them with the resources to make the switch from polluting gas to clean electricity. Paid advertising is a valuable tool to supplement the many tactics we deploy annually to help address the significant lift in consumer education, awareness, and inspiration around electrification.

While SVCE has been deploying a successful email marketing campaign with high engagement and open rates, not all customers have an email on file, and for those that do, there is only one email on file per household.

We need other tactics to reach those who do not open our messages. The marketing industry commonly refers to the ‘Rule of 7,’ which states that it takes an average of seven interactions with a brand or ad for consumers to take action. With this in mind, our annual communications plan tries to reach customers in various ways and across multiple channels – direct mail, email, member agency communications, earned media, ads, and virtual or in-person events.

In 2020, SVCE worked with School of Thought to deploy ads across multiple channels to drive awareness and education about electrification and direct customers to the SVCE eHub resources. The campaign results showed that the paid media plan successfully drove traffic to the site and associated electrification resources.

Throughout the process, staff learned valuable lessons, and School of Thought provided expert analysis to optimize campaigns to inform future efforts.

As the Board of Directors has directed SVCE to ‘double down’ on decarbonization, awareness is identified as a key program approach necessary to achieve our goals. SVCE will utilize School of Thought’s creative abilities for the following advertising and marketing services.

Advertising Services
SVCE expects to run two annual campaigns. The campaigns include ads to promote electrification education with SVCE eHub resources and a second campaign to support recruitment for a specific program, which will be determined later. Example programs that School of Thought can support in 2022 are the launch of the FutureFit Homes and Buildings program or the FutureFit Fundamentals Contractor Training program.

Ad development and production include SVCE and School of Thought working collaboratively to develop campaign goals and messaging. School of Thought will provide creative services such as artwork and video production for the advertising channels identified to achieve the campaign goals. The outlets may include and are not limited to print, digital, social, out-of-home, broadcast, and streaming services.

Media Planning and Buying
School of Thought will provide media strategy and planning to manage the creative asset deployment of electrification campaigns locally. School of Thought may also offer this service to SVCE for any of the agency’s paid advertising needs across programs and departments. Working with School of Thought as a media buyer offers SVCE an opportunity to negotiate ad rates, buy placements in bulk, and coordinate placements to reduce wasted ad dollars and impressions. This task includes monitoring and managing ad placements to ensure ads perform well and optimize customer engagement.

School of Thought may work with the SVCE translation vendor or their subcontractors for in-language ad campaigns in Spanish, Chinese, and Vietnamese. School of Thought may also coordinate multicultural marketing efforts for program deployment.

Marketing Services
As a creative agency, School of Thought specializes in developing impactful content and assisting clients with high-impact experiences to capture consumers’ attention. As consumers are distracted by nonstop news and content across many platforms and knowing that energy is not top of mind, marketing activations can help break through the noise and drive interest in electrification.

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School of Thought will support the SVCE communications and marketing team by developing interactive electrification displays and experiences to engage customers as we return to in-person community events.

Activations may be related to specific program initiatives or serve broader electrification awareness. These projects may include developing community outreach materials, conference or event booth materials, and displays.

STRATEGIC PLAN
There are several goals in the SVCE Board-adopted Strategic Plan that marketing and advertising services for electrification program awareness will touch upon, including:
• Goal 8: Coordinate development of decarbonization and resilience strategy, lead design of local policy and programs, and support program deployment.
• Goal 10: Empower customers with the awareness, knowledge and resources needed to make effective clean energy choices
• Goal 12: Enact competitive service offerings and programs that deliver measurable environmental and economic benefits

ALTERNATIVE
Do not approve the contract with School of Thought. Staff will pursue a different bidder from the competitive solicitation for these services.

FISCAL IMPACT
The contract is not to exceed $300,000 over two years. The existing budget for these services is allocated from the approved marketing and programs budget for Fiscal Year 21-22 and will be included in the proposed budget for Fiscal Year 22-23.

ATTACHMENT

1. Draft Agreement with School of Thought
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AGREEMENT BETWEEN THE SILICON VALLEY CLEAN ENERGY AUTHORITY AND

SCHOOL OF THOUGHT
FOR

MARKETING AND ADVERTISING SERVICES
THIS AGREEMENT, is entered into this 9th day of March 2022, by and between the SILICON VALLEY CLEAN ENERGY AUTHORITY, an independent public agency, ("Authority"), and School of Thought, a California corporation whose address is 544 60th Street, Oakland, CA, 94609 (hereinafter referred to as "Consultant") (collectively referred to as the “Parties” and individually as a “Party”).

RECITALS:

A. Authority is an independent public agency duly organized under the provisions of the Joint Exercise of Powers Act of the State of California (Government Code Section 6500 et seq.) (“Act”) with the power to conduct its business and enter into agreements.

B. Consultant possesses the skill, experience, ability, background, certification and knowledge to provide the services described in this Agreement pursuant to the terms and conditions described herein.

C. Authority and Consultant desire to enter into an agreement for marketing and advertising upon the terms and conditions herein.

NOW, THEREFORE, the Parties mutually agree as follows:

1. TERM
The term of this Agreement shall commence on March 9, 2022, and shall terminate on February 29, 2024, unless terminated earlier as set forth herein.

2. SERVICES TO BE PERFORMED
Consultant shall perform each and every service set forth in Exhibit "A" pursuant to the schedule of performance set forth in Exhibit "B," both of which are attached hereto and incorporated herein by this reference.

3. COMPENSATION TO CONSULTANT
Consultant shall be compensated for services performed pursuant to this Agreement in a total amount not to exceed Three hundred thousand dollars ($300,000.00) based on the rates and terms set forth in Exhibit "C," which is attached hereto and incorporated herein by this reference.

4. TIME IS OF THE ESSENCE
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Consultant and Authority agree that time is of the essence regarding the performance of this Agreement.

5. STANDARD OF CARE
Consultant agrees to perform all services required by this Agreement in a manner commensurate with the prevailing standards of specially trained professionals in the San Francisco Bay Area under similar circumstances and in a manner reasonably satisfactory to Authority and agrees that all services shall be performed by qualified and experienced personnel. Consultant shall be responsible to Authority for any errors or omissions in the performance of work pursuant to this Agreement. Should any errors caused by Consultant be found in such services or products, Consultant shall correct the errors at no additional charge to Authority by redoing the professional work and/or revising the work product(s) called for in the Scope of Services to eliminate the errors.

Should Consultant fail to make such correction in a reasonably timely manner, such correction may be made by Authority, and the cost thereof shall be charged to Consultant. In addition to all other available remedies, Authority may deduct the cost of such correction from any retention amount held by Authority or may withhold payment otherwise owed Consultant under this Agreement up to the amount of the cost of correction.

6. INDEPENDENT PARTIES
Authority and Consultant intend that the relationship between them created by this Agreement is that of an independent contractor. The manner and means of conducting the work are under the control of Consultant, except to the extent they are limited by statute, rule or regulation and the express terms of this Agreement. No civil service status or other right of employment will be acquired by virtue of Consultant's services. None of the benefits provided by Authority to its employees, including but not limited to, unemployment insurance, workers’ compensation plans, vacation and sick leave are available from Authority to Consultant, its employees or agents. Deductions shall not be made for any state or federal taxes, FICA payments, PERS payments, or other purposes normally associated with an employer-employee relationship from any fees due Consultant. Payments of the above items, if required, are the responsibility of Consultant. Consultant shall indemnify and hold harmless Authority and its elected officials, officers, employees, servants, designated volunteers, and agents serving as independent contractors in the role of Authority officials, from any and all liability, damages, claims, costs and expenses of any nature to the extent arising from Consultant’s personnel practices. Authority shall have the right to offset against the amount of any fees due to Consultant under this Agreement any amount due to Authority from Consultant as a result of Consultant’s failure to promptly pay to Authority any reimbursement or indemnification arising under this section.

7. NO RECOURSE AGAINST CONSTITUENT MEMBERS OF AUTHORITY Authority is organized as a Joint Powers Authority in accordance with the Joint Powers Act of the State of California (Government Code Section 6500 et seq.) pursuant to a Joint Powers Agreement dated March 31, 2016, and is a public entity separate from its constituent members.

Authority shall solely be responsible for all debts, obligations and liabilities accruing and arising Item 1g
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out of this Agreement. Consultant shall have no rights and shall not make any claims, take any actions or assert any remedies against any of Authority’s constituent members in connection with this Agreement.

8. NON-DISCRIMINATION
In the performance of this Agreement, Consultant, and any subconsultant under the Consultant, shall not discriminate against any employee, subcontractor or applicant for employment because of race, color, religious creed, sex, gender, gender identity, gender expression, marital status, national origin, ancestry, age, physical disability, mental disability, medical condition, genetic information, sexual orientation, military or veteran status, or other basis prohibited by law, except as provided in Government Code section 12940. Consultant shall have responsibility for compliance with this Section.

9. HOLD HARMLESS AND INDEMNIFICATION
A. General Indemnification. To the fullest extent permitted by law, Consultant shall, at its sole cost and expense, defend, hold harmless and indemnify Authority and its elected officials, officers, attorneys, agents, employees, designated volunteers, successors, assigns and those Authority agents serving as independent contractors in the role of Authority officials (collectively “Indemnitees”), from and against any and all damages, costs, expenses, liabilities, claims, demands, causes of action, proceedings, expenses, judgments, penalties, liens, and losses of any nature whatsoever, including fees of accountants, attorneys, or other professionals and all costs associated therewith and the payment of all consequential damages (collectively “Liabilities”), in law or equity, whether actual, alleged or threatened, which arise out of, are claimed to arise out of, pertain to, or relate to the acts or omissions of Consultant, its officers, agents, servants, employees, subcontractors, materialmen, consultants or their officers, agents, servants or employees (or any entity or individual that Consultant shall bear the legal liability thereof) in the performance of this Agreement, including the Indemnitees’ active or passive negligence, except for Liabilities arising from the sole negligence or willful misconduct of the Indemnitees as determined by court decision or by the agreement of the Parties. Consultant shall defend the Indemnitees in any action or actions filed in connection with any Liabilities with counsel of the Indemnitees’ choice, and shall pay all costs and expenses, including all attorneys’ fees and experts’ costs actually incurred in connection with such defense. Consultant shall reimburse the Indemnitees for any and all legal expenses and costs incurred by Indemnitees in connection therewith.

B. Intellectual Property Indemnification. Consultant hereby certifies that it owns, controls, or licenses and retains all right, title, and interest in and to any intellectual property it uses in relation to this Agreement, including the design, look, feel, features, source code, content, and other technology relating to any part of the services and including all related patents, inventions, trademarks, and copyrights, all applications therefor, and all trade names, service marks, know how, and trade secrets (collectively referred to as “IP Rights”), except as otherwise expressly provided by this Agreement. Consultant warrants that the services to be provided pursuant to this Agreement do not infringe, violate, trespass, or constitute the unauthorized use or misappropriation of any IP Rights of any third party. Consultant shall indemnify, defend, and hold Item 1g
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Indemnitees, harmless from and against any Liabilities by a third party that the services to be provided pursuant to this Agreement infringe or violate any third-party’s IP Rights, provided any such right is enforceable in the United States. Such costs and expenses shall include reasonable attorneys’ fees of counsel of Authority’s choice, expert fees and all other costs and fees of litigation.

C. The acceptance of the services by Authority shall not operate as a waiver of these rights of indemnification. The hold harmless and indemnification provisions of this Section shall apply regardless of whether or not any insurance policies are determined to be applicable to the Liability.

D. Consultant’s indemnifications and obligations under this section shall survive the expiration or termination of this Agreement.

10. INSURANCE
A. General Requirements. On or before the commencement of the term of this Agreement, Consultant shall furnish Authority with certificates showing the type, amount, class of operations covered, effective dates and dates of expiration of insurance coverage in compliance with the requirements listed in Exhibit "D," which is attached hereto and incorporated herein by this reference. Such insurance and certificates, which do not limit Consultant’s indemnification obligations under this Agreement, shall also contain substantially the following statement:
"Should any of the above insurance covered by this certificate be canceled or coverage reduced before the expiration date thereof, the insurer affording coverage shall provide thirty (30) days’ advance written notice to the Authority by certified mail, Attention: Chief Executive Officer." Consultant shall maintain in force at all times during the performance of this Agreement all appropriate coverage of insurance required by this Agreement with an insurance company that is acceptable to Authority and licensed to do insurance business in the State of California.

Endorsements naming the Authority as additional insured shall be submitted with the insurance certificates.

B. Subrogation Waiver. Consultant agrees that in the event of loss due to any of the perils for which he/she has agreed to provide comprehensive general and automotive liability insurance, Consultant shall look solely to his/her/its insurance for recovery. Consultant hereby grants to Authority, on behalf of any insurer providing comprehensive general and automotive liability insurance to either Consultant or Authority with respect to the services of Consultant herein, a waiver of any right to subrogation which any such insurer of Consultant may acquire against Authority by virtue of the payment of any loss under such insurance.

C. Failure to secure or maintain insurance. If Consultant at any time during the term hereof should fail to secure or maintain the foregoing insurance, Authority shall be permitted to obtain such insurance in the Consultant's name or as an agent of the Consultant and shall be compensated by the Consultant for the costs of the insurance premiums at the maximum rate permitted by law and computed from the date written notice is received that the premiums have not been paid.

D. Additional Insured. Authority, its members, officers, employees and volunteers Item 1g
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shall be named as additional insureds under all insurance coverages, except any professional liability insurance, required by this Agreement. The naming of an additional insured shall not affect any recovery to which such additional insured would be entitled under this policy if not named as such additional insured. An additional insured named herein shall not be held liable for any premium, deductible portion of any loss, or expense of any nature on this policy or any extension thereof. Any other insurance held by an additional insured shall not be required to contribute anything toward any loss or expense covered by the insurance provided by this policy.

E. Sufficiency of Insurance. The insurance limits required by Authority are not represented as being sufficient to protect Consultant. Consultant is advised to confer with Consultant's insurance broker to determine adequate coverage for Consultant.

F. Maximum Coverage and Limits. It shall be a requirement under this Agreement that any available insurance proceeds broader than or in excess of the specified minimum Insurance coverage requirements and/or limits shall be available to the additional insureds. Furthermore, the requirements for coverage and limits shall be the minimum coverage and limits specified in this Agreement, or the broader coverage and maximum limits of coverage of any insurance policy or proceeds available to the named insured, whichever is greater.

11. CONFLICT OF INTEREST
Consultant warrants that it, its officers, employees, associates and subcontractors, presently have no interest, and will not acquire any interest, direct or indirect, financial or otherwise, that would conflict in any way with the performance of this Agreement, and that it, its officers, employees, associates and subcontractors, will not employ any person having such an interest.

Consultant and its officers, employees, associates and subcontractors, if any, shall comply with all conflict of interest statutes of the State of California applicable to Consultant’s services under this Agreement, including the Political Reform Act (Gov. Code § 81000, et seq.) and Government Code Section 1090. During the term of this Agreement, Consultant may perform similar services for other clients, but Consultant and its officers, employees, associates and subcontractors shall not, without the Authority Representative’s prior written approval, perform work for another person or entity for whom Consultant is not currently performing work that would require Consultant or one of its officers, employees, associates or subcontractors to abstain from a decision under this Agreement pursuant to a conflict of interest statute. Consultant shall incorporate a clause substantially similar to this section into any subcontract that Consultant executes in connection with the performance of this Agreement. Consultant understands that it may be required to fill out a conflict of interest form if the services provided under this Agreement require Consultant to make certain governmental decisions or serve in a staff Authority, as defined in Title 2, Division 6, Section 18700 of the California Code of Regulations.

12. PROHIBITION AGAINST TRANSFERS
Consultant shall not assign, sublease, hypothecate, or transfer this Agreement, or any interest therein, directly or indirectly, by operation of law or otherwise, without prior written consent of Authority. Any attempt to do so without such consent shall be null and void, and any assignee, sublessee, pledgee, or transferee shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. However, claims for money by Consultant from Item 1g
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Authority under this Agreement may be assigned to a bank, trust company or other financial institution without prior written consent. Written notice of such assignment shall be promptly furnished to Authority by Consultant.

The sale, assignment, transfer or other disposition of any of the issued and outstanding capital stock of Consultant, or of the interest of any general partner or joint venturer or syndicate member or cotenant, if Consultant is a partnership or joint venture or syndicate or cotenancy, which shall result in changing the control of Consultant, shall be construed as an assignment of this Agreement. Control means fifty percent (50%) or more of the voting power of the corporation.

13. SUBCONTRACTOR APPROVAL
Unless prior written consent from Authority is obtained, only those persons and subcontractors whose names are attached to this Agreement shall be used in the performance of this Agreement.

In the event that Consultant employs subcontractors, such subcontractors shall be required to furnish proof of workers’ compensation insurance and shall also be required to carry general, automobile and professional liability insurance in substantial conformity to the insurance carried by Consultant. In addition, any work or services subcontracted hereunder shall be subject to each provision of this Agreement.

Consultant agrees to include within their subcontract(s) with any and all subcontractors the same requirements and provisions of this Agreement, including the indemnity and insurance requirements, to the extent they apply to the scope of the subcontractor’s work. Subcontractors hired by Consultant shall agree to be bound to Consultant and Authority in the same manner and to the same extent as Consultant is bound to Authority under this Agreement. Subcontractors shall agree to include these same provisions within any sub-subcontract. Consultant shall provide a copy of the Indemnity and Insurance provisions of this Agreement to any subcontractor. Consultant shall require all subcontractors to provide valid certificates of insurance and the required endorsements prior to commencement of any work and will provide proof of compliance to Authority.

14. REPORTS
A. Each and every report, draft, work product, map, record and other document, hereinafter collectively referred to as "Report", reproduced, prepared or caused to be prepared by Consultant pursuant to or in connection with this Agreement, shall be the exclusive property of Authority. Consultant shall not copyright any Report required by this Agreement and shall execute appropriate documents to assign to Authority the copyright to Reports created pursuant to this Agreement. Any Report, information and data acquired or required by this Agreement shall become the property of Authority, and all publication rights are reserved to Authority. Consultant may retain a copy of any Report furnished to the Authority pursuant to this Agreement.

B. All Reports prepared by Consultant may be used by Authority in execution or implementation of: (1) The original project for which Consultant was hired; (2) Completion of the Item 1g
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original project by others; (3) Subsequent additions to the original project; and/or (4) Other Authority projects as Authority deems appropriate in its sole discretion.

C. Consultant shall, at such time and in such form as Authority may require, furnish reports concerning the status of services required under this Agreement.

D. All Reports shall also be provided in electronic format, both in the original file format (e.g., Microsoft Word) and in PDF format.

E. No Report, information or other data given to or prepared or assembled by Consultant pursuant to this Agreement that has not been publicly released shall be made available to any individual or organization by Consultant without prior approval by Authority.

F. Authority shall be the owner of and shall be entitled upon request to immediate possession of accurate reproducible copies of Reports or other pertinent data and information gathered or computed by Consultant prior to termination of this Agreement or upon completion of the work pursuant to this Agreement.

15. RECORDS
Consultant shall maintain complete and accurate records with respect to costs, expenses, receipts and other such information required by Authority that relate to the performance of services under this Agreement, in sufficient detail to permit an evaluation of the services and costs. All such records shall be clearly identified and readily accessible. Consultant shall provide free access to such books and records to the representatives of Authority or its designees at all proper times, and gives Authority the right to examine and audit same, and to make transcripts therefrom as necessary, and to allow inspection of all work, data, documents, proceedings and activities related to this Agreement. Such records, together with supporting documents, shall be maintained for a minimum period of five (5) years after Consultant receives final payment from Authority for all services required under this agreement

16. PARTY REPRESENTATIVES
The Chief Executive Officer (“Authority Representative”) shall represent the Authority in all matters pertaining to the services to be performed under this Agreement. Tom Geary (Consultant Representative”) shall represent Consultant in all matters pertaining to the services to be performed under this Agreement.

17. INFORMATION AND DOCUMENTS
A. Consultant covenants that all data, reports, documents, discussion, or other information (collectively “Data”) developed or received by Consultant or provided for performance of this Agreement are deemed confidential and shall not be disclosed or released by Consultant without prior written authorization by Authority. Authority shall grant such authorization if applicable law requires disclosure. Consultant, its officers, employees, agents, or Item 1g
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subcontractors shall not without written authorization from the Authority Representative or unless requested in writing by the Authority Attorney, voluntarily provide declarations, letters of support, testimony at depositions, response to interrogatories or other information concerning the work performed under this Agreement or relating to any project or property located within the Authority.

Response to a subpoena or court order shall not be considered “voluntary,” provided Consultant gives Authority notice of such court order or subpoena.

B. Consultant shall promptly notify Authority should Consultant, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admissions or other discovery request, court order or subpoena from any party regarding this Agreement and the work performed thereunder or with respect to any project or property located within the Authority. Authority may, but has no obligation to, represent Consultant or be present at any deposition, hearing or similar proceeding. Consultant agrees to cooperate fully with Authority and to provide Authority with the opportunity to review any response to discovery requests provided by Consultant. However, Authority’s right to review any such response does not imply or mean the right by Authority to control, direct or rewrite the response.

C. In the event Authority gives Consultant written notice of a “litigation hold”, then as to all data identified in such notice, Consultant shall, at no additional cost to Authority, isolate and preserve all such data pending receipt of further direction from the Authority.

D. Consultant’s covenants under this section shall survive the expiration or termination of this Agreement.

18. NOTICES
Any notice, consent, request, demand, bill, invoice, report or other communication required or permitted under this Agreement shall be in writing and conclusively deemed effective: (a) on personal delivery, (b) on confirmed delivery by courier service during Consultant’s and Authority’s regular business hours, or (c) three Business Days after deposit in the United States mail, by first class mail, postage prepaid, and addressed to the Party to be notified as set forth below:

TO AUTHORITY:
333 W. El Camino Real
Suite 330
Sunnyvale CA 94087
Attention: Chief Executive Officer
TO CONSULTANT:

Tom Geary
School of Thought
544 60th Street
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19. TERMINATION
In the event Consultant fails or refuses to perform any of the provisions hereof at the time and in the manner required hereunder, Consultant shall be deemed in default in the performance of this Agreement. If Consultant fails to cure the default within the time specified (which shall be determined by the Authority but shall be not less than 10 days) and according to the requirements set forth in Authority’s written notice of default, and in addition to any other remedy available to the Authority by law, the Authority Representative may terminate the Agreement by giving Consultant written notice thereof, which shall be effective immediately. The Authority Representative shall also have the option, at its sole discretion and without cause, of terminating this Agreement by giving seven (7) calendar days' prior written notice to Consultant as provided herein. Upon receipt of any notice of termination, Consultant shall immediately discontinue performance.

In the event of Authority’s termination of this Agreement due to no fault or failure of performance by Consultant, Authority shall pay Consultant for services satisfactorily performed up to the effective date of termination. Upon termination, Consultant shall immediately deliver to the Authority any and all copies of studies, sketches, drawings, computations, and other material or products, whether or not completed, prepared by Consultant or given to Consultant, in connection with this Agreement. Such materials shall become the property of Authority.

Consultant shall have no other claim against Authority by reason of such termination, including any claim for compensation.

20. COMPLIANCE WITH LAWS
Consultant shall keep itself informed of all applicable federal, state and local laws, ordinances, codes, regulations and requirements which may, in any manner, affect those employed by it or in any way affect the performance of its services pursuant to this Agreement. Consultant shall, at all times, observe and comply with all such laws and regulations, including, but not limited to the Americans with Disabilities Act, the Stored Communications Act, 18 U.S.C. Section 2701, et seq., California Civil Code Sections 1798.80 through 1798.84, and the California Consumer Privacy Act, Civil Code Section 1798.100 et seq. Authority, and its officers and employees, shall not be liable at law or in equity by reason of the failure of the Consultant to comply with this paragraph.

Consultant represents and agrees that all personnel engaged by Consultant in performing services are and shall be fully qualified and are authorized or permitted under state and local law to perform such services. Consultant represents and warrants to Authority that it has all licenses, permits, certificates, qualifications, and approvals required by law to provide the services and work required to perform services under this Agreement, including a business license. Consultant further represents and warrants that it shall keep in effect all such licenses, permits, and other approvals during the term of this Agreement.

21. CONFLICT OF LAW
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This Agreement shall be interpreted under, and enforced by the laws of the State of California. The Agreement and obligations of the Parties are subject to all valid laws, orders, rules, and regulations of the authorities having jurisdiction over this Agreement (or the successors of those authorities). Any suits brought pursuant to this Agreement shall be filed with the Superior Court of the County of Santa Clara, State of California.

22. ADVERTISEMENT
Consultant shall not post, exhibit, display or allow to be posted, exhibited, displayed any signs, advertising, show bills, lithographs, posters or cards of any kind pertaining to the services performed under this Agreement unless prior written approval has been secured from Authority to do otherwise.

23. WAIVER
A waiver by Authority of any breach of any term, covenant, or condition contained herein shall not be deemed to be a waiver of any subsequent breach of the same or any other term, covenant, or condition contained herein, whether of the same or a different character.

24. INTEGRATED CONTRACT
This Agreement represents the full and complete understanding of every kind or nature whatsoever between the Parties, and all preliminary negotiations and agreements of whatsoever kind or nature are merged herein. No verbal agreement or implied covenant shall be held to vary the provisions hereof. Any modification of this Agreement will be effective only by a written document signed by both Authority and Consultant.

25. AUTHORITY
The individual(s) executing this Agreement represent and warrant that they have the legal Authority and authority to do so on behalf of their respective legal entities.

26. INSERTED PROVISIONS
Each provision and clause required by law to be inserted into the Agreement shall be deemed to be enacted herein, and the Agreement shall be read and enforced as though each were included herein. If through mistake or otherwise, any such provision is not inserted or is not correctly inserted, the Agreement shall be amended to make such insertion on application by either Party.

27. CAPTIONS AND TERMS
The captions in this Agreement are for convenience only, are not a part of the Agreement and in no way affect, limit or amplify the terms or provisions of this Agreement.

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28. AUTHORITY’S RIGHTS TO EMPLOY OTHER CONSULTANTS
Authority reserves the right to employ other consultants in connection with the subject matter of the Scope of Services.

29. EXHIBITS
The Exhibits referenced in this Agreement are attached hereto and incorporated herein by this reference as though set forth in full in the Agreement. If any inconsistency exists or arises between a provision of this Agreement and a provision of any exhibit, or between a provision of this Agreement and a provision of Consultant’s proposal, the provisions of this Agreement shall control.

30. FORCE MAJEURE
Consultant shall not be liable for any failure to perform its obligations under this Agreement if Consultant presents acceptable evidence, in Authority’s sole judgment, that such failure was due to acts of God, embargoes, inability to obtain labor or materials or reasonable substitutes for labor or materials, governmental restrictions, governmental regulations, governmental controls, judicial orders, enemy or hostile governmental action, civil commotion, fire or other casualty, or other causes beyond Consultant’s reasonable control and not due to any act by Consultant.

31. FINAL PAYMENT ACCEPTANCE CONSTITUTES RELEASE
The acceptance by Consultant of the final payment made under this Agreement shall operate as and be a release of Authority from all claims and liabilities for compensation to Consultant for anything done, furnished or relating to Consultant’s work or services. Acceptance of payment shall be any negotiation of Authority’s check or the failure to make a written extra compensation claim within ten calendar days of the receipt of that check. However, approval or payment by Authority shall not constitute, nor be deemed, a release of the responsibility and liability of Consultant, its employees, subcontractors and agents for the accuracy and competency of the information provided and/or work performed; nor shall such approval or payment be deemed to be an assumption of such responsibility or liability by Authority for any defect or error in the work prepared by Consultant, its employees, subcontractors and agents.

32. ATTORNEY FEES
In any litigation or other proceeding by which a Party seeks to enforce its rights under this Agreement (whether in contract, tort or both) or seeks a declaration of any rights or obligations under this Agreement, the prevailing Party shall be entitled to recover all attorneys’ fees, experts’ fees, and other costs actually incurred in connection with such litigation or other proceeding, in addition to all other relief to which that Party may be entitled.

33. SEVERABILITY
If any provision in this Agreement is held by a court of competent jurisdiction to be illegal, Item 1g
Attachment 1
2/2022 Version
invalid, void, or unenforceable, the remaining provisions will nevertheless continue in full force without being impaired or invalidated in any way.

34. SUCCESSORS AND ASSIGNS
The terms and conditions of this Agreement shall be binding on the successors and assigns of the Parties to this Agreement.

35. NO THIRD PARTY BENEFICIARIES INTENDED
This Agreement is made solely for the benefit of the Parties to this Agreement and their respective successors and assigns, and no other person or entity may have or acquire a right by virtue of this Agreement.

36. COUNTERPARTS; FACSIMILE/PDF/ELECTRONIC SIGNATURE
This Agreement may be executed in multiple counterparts, all of which shall be deemed an original, and all of which will constitute one and the same instrument. The Parties agree that a facsimile, PDF or electronic signature may substitute for and have the same legal effect as the original signature.

37. DRAFTING PARTY
This Agreement shall be construed without regard to the Party that drafted it. Any ambiguity shall not be interpreted against either Party and shall, instead, be resolved in accordance with other applicable rules concerning the interpretation of contracts.

IN WITNESS WHEREOF, the Parties have caused the Agreement to be executed as of the date set forth above.

RECOMMENDED FOR APPROVAL
_______________________________
Don Bray
Director of Account Services & Community Relations
Item 1g
Attachment 1
2/2022 Version

RECOMMENDED FOR APPROVAL
__________________________________________________________ Amrit Singh, Chief Financial Officer/Director of Administrative Services

CONSULTANT NAME
Tom Geary
By: __________________________
Name: ________________________
Title: _________________________
Date: __________________________

SILICON VALLEY CLEAN ENERGY

AUTHORITY
A Joint Powers Authority
By: ___________________________
Name: Girish Balachandran
Title: Chief Executive Officer
Date: __________________________
APPROVED AS TO FORM:
_______________________
Counsel for Authority
ATTEST:
_____________________
Authority Clerk
Item 1g
Attachment 1
2/2022 Version
Exhibit A
Scope of Services
Task 1 - Advertising Services for Electrification Campaigns (Tasks 1, A – D) • Ad Development and Production
o Consultant will provide creative services such as messaging development, artwork, video production and any other needs to help develop compelling ads that furthers electrification awareness and SVCE customer program enrollment. o Consultant will collaborate with SVCE staff on messaging and creative strategy sessions to co-create campaigns and identify campaign goals. o Consultant will provide translated and accessible materials as appropriate for various advertising platforms. This includes enlisting multicultural marketing expertise or subcontractors, as needed.
o Annually, consultant will develop two marketing campaigns:

A) Promote electrification awareness via the SVCE eHub in 2022 B) Promote electrification awareness via the SVCE eHub in 2023 C) Promote a specific SVCE electrification program, TBD 2022 (e.g., FutureFit Homes and Buildings, EV programs, FutureFit Fundamentals Contractor Training).

D) Promote a specific SVCE electrification program, TBD 2023 o Ongoing advertising needs will support other customer programs, or general agency business. These campaigns are to-be-determined.
• Media Planning and Buying
o Consultant will assist SVCE in developing advertising strategies that help deliver on pre-defined campaign goals. This includes advising on placements for digital, print, out-of-home, video, streaming services, broadcast, and others. o Consultant will negotiate rates on behalf of SVCE and secure placements. o Consultant will assist SVCE with ad placements for local efforts as directed by SVCE staff.

Marketing Services (Tasks 2, A – B)
• Separate from the advertising services listed in Task 1, marketing services includes a broader range of activities that the Consultant will perform to support the SVCE communications and marketing goals.
o These services include experiential market activations that assist with customer outreach and events and may be related to specific program initiatives or may serve broader electrification and agency awareness.
o Examples of these types of projects range from developing community outreach materials, conference or event booth materials and displays.

Item 1g
Attachment 1
2/2022 Version
Exhibit B
Schedule of Performance
This schedule may be modified with the written approval of the Authority.

Task 1 – Advertising Services Begin Complete
A) Electrification awareness eHub campaign 2022 March 2022 December 2022 B) Electrification program campaign 2022 June 2022 December 2022 C) Electrification awareness eHub campaign 2023 March 2023 December 2023 D) Electrification program campaign 2023 June 2023 February 2024 Task 2 – Marketing Services Begin Complete
A) General marketing support 2022 March 2022 December 2022 B) General marketing support 2023 January 2023 February 2024 Item 1g
Attachment 1
2/2022 Version
Exhibit C
Compensation
Authority shall compensate Consultant for professional services in accordance with the terms and conditions of this Agreement based on the rates and compensation schedule set forth below.

Compensation shall be calculated based on the hourly rates set forth below up to the not to exceed budget amount set forth below.

The compensation to be paid to Consultant under this Agreement for all services described in Exhibit “A” and reimbursable expenses shall not exceed a total of Three-hundred thousand dollars ($300,000), as set forth below. Any work performed or expenses incurred for which payment would result in a total exceeding the maximum amount of compensation set forth herein shall be at no cost to Authority unless previously approved in writing by Authority.

Task Estimated Budget
Task 1 A – Electrification awareness eHub campaign 2022 - Quarterly big-picture working sessions to establish goals - Study and analyze research
- Creative Strategy: Identify campaign or activation themes (at least 3 distinct themes)
Messaging: Create distinctive messaging to be used in
different channels
- Production of at least 3-4 executions for each of the below:
o Digital display ads
o Social media ads for Facebook and Instagram
o Out-of-home ads for buses or bus shelters
o At least two videos of varying lengths for different
platforms, 1 min., 30 sec., and 15 sec. versions
o 1 radio ad
- Out of pocket expenses (at cost + 5%): stock imagery, film crews, retouching, HTML banner coding
$50,000
Task 1 B – Electrification program campaign 2022
- Quarterly big-picture working sessions to establish goals - Study and analyze research
- Creative Strategy: Identify campaign or activation themes (at least 3 distinct themes)
- Messaging: Create distinctive messaging to be used in different channels
- Production of at least 3-4 executions for each of the below:
o Digital display ads
o Social media ads for Facebook and Instagram
o Out-of-home ads for buses or bus shelters
$50,000
Item 1g
Attachment 1
2/2022 Version
o At least two videos of varying lengths for different
platforms, 1 min., 30 sec., and 15 sec. versions
o 1 radio ad
- Out of pocket expenses (at cost + 5%): stock imagery, film crews, retouching, HTML banner coding
Task 1 C – Electrification awareness eHub campaign 2023 - Quarterly big-picture working sessions to establish goals - Study and analyze research
- Creative Strategy: Identify campaign or activation themes (at least 3 distinct themes)
Messaging: Create distinctive messaging to be used in
different channels
- Production of at least 3-4 executions for each of the below:
o Digital display ads
o Social media ads for Facebook and Instagram
o Out-of-home ads for buses or bus shelters
o At least two videos of varying lengths for different
platforms, 1 min., 30 sec., and 15 sec. versions
o 1 radio ad
- Out of pocket expenses (at cost + 5%): stock imagery, film crews, retouching, HTML banner coding
$50,000
Task 1 D – Electrification program campaign 2023
- Quarterly big-picture working sessions to establish goals - Study and analyze research
- Creative Strategy: Identify campaign or activation themes (at least 3 distinct themes)
Messaging: Create distinctive messaging to be used in
different channels
- Production of at least 3-4 executions for each of the below:
o Digital display ads
o Social media ads for Facebook and Instagram
o Out-of-home ads for buses or bus shelters
o At least two videos of varying lengths for different
platforms, 1 min., 30 sec., and 15 sec. versions
o 1 radio ad
- Out of pocket expenses (at cost + 5%): stock imagery, film crews, retouching, HTML banner coding
$50,000
Task 2 A (2022)
- Additional projects will be billed on a time and materials basis.
$50,000
Item 1g
Attachment 1
2/2022 Version
- Additional concepting ideas and production oversight and management
Task 2 B (2023)
- Additional projects will be billed on a time and materials basis.
- Additional concepting ideas and production oversight and management
$50,000
Total $300,000
Rates
Personnel Title Hourly
Tom Geary Executive Creative Director $180
John Buscaglia Senior Editor $180
Ryan Clifford Executive Producer $180
Ashley Villarreal Senior Writer & Researcher $180
Will Geary Writer $180
Cory Pierce Strategist $180
Maxine Nisse Media Director $180
Invoices
Monthly Invoicing: In order to request payment, Consultant shall submit monthly invoices to the Authority describing the services performed and the applicable charges (including a summary of the work performed during that period, personnel who performed the services, hours worked, task(s) for which work was performed). Authority shall pay all undisputed invoice amounts within thirty (30) calendar days after receipt up to the maximum compensation set forth herein. Authority does not pay interest on past due amounts.

Reimbursable Expenses
Administrative, overhead, secretarial time or overtime, word processing, photocopying, in house printing, insurance and other ordinary business expenses are included within the scope of payment for services and are not reimbursable expenses. Travel expenses must be authorized in advance in writing by Authority. In no event shall reimbursable expenses collectively exceed the total sum of Fifteen thousand dollars ($15,000). These costs are included at 5% in the task table of Exhibit C.

Additional Services
Consultant shall provide additional services outside of the services identified in Exhibit A only by advance written authorization from Authority Representative prior to commencement of any additional services. Consultant shall submit, at the Authority Representative’s request, a detailed written proposal including a description of the scope of additional services, schedule, and proposed maximum compensation. Any changes mutually agreed upon by the Parties, and any increase or decrease in compensation, shall be incorporated by written amendments to this Agreement.

Item 1g
Attachment 1
2/2022 Version
Exhibit D
Insurance Requirements and Proof of Insurance
Consultant shall maintain the following minimum insurance coverage:

A. COVERAGE:
(1) Workers' Compensation:

Statutory coverage as required by the State of California. (2) Liability:

Commercial general liability coverage with minimum limits of $1,000,000 per occurrence and $2,000,000 aggregate for bodily injury and property damage.

ISO occurrence Form CG 0001 or equivalent is required.
(4) Professional Liability
Professional liability insurance which includes coverage for the professional acts, errors and omissions of Consultant in the amount of at least $1,000,000.

Item 1g
Attachment 1

Page 1 of 1 ends

Staff Report – Item 1h
Item 1h: Receive SVCE Rate Schedules Effective March 1, 2022 From: Girish Balachandran, CEO
Prepared by: Don Bray, Director of Account Services and Community Relations Peyton Parks, Energy Services Lead
Date: 3/9/2022

RECOMMENDATION
Receive staff report and rate tables for new SVCE rates effective March 1, 2022 at a 1% discount to PG&E, established per the discount approved by the Board on February 9, 2022 by the adoption of Resolution 2022- 06, Approving Customer Generation Rates.

BACKGROUND
At the February 9, 2022 Board meeting, the Board directed staff to apply an across-the-board 1% discount to PG&E generation rates when calculating new SVCE rates beginning March 1, 2022.

ANALYSIS & DISCUSSION
PG&E published new generation and PCIA rates on February 18, 2022, which became effective as of March 1, 2022. The load-weighted average decrease in PG&E’s PCIA rate was approximately 59.3%, and load-weighted average increase in PG&E’s generation rates was approximately 31.9%.

SVCE rate schedules and associated billing determinants have been updated as referenced in the Attachments, and reflect a 1% discount to PG&E’s comparable generation rates. The rates are currently loaded into the billing system and became effective on March 1, 2022.

STRATEGIC PLAN
Rate setting is directly supported by SVCE Strategic Plan Goal 12 ‘enact competitive service offerings and programs that deliver measurable environmental and economic benefits’.

FISCAL IMPACT
As noted in the February 9, 2022 Board presentation on rates, the combined decrease in PCIA and increase in PG&E generation rates has created a large upward swing in SVCE generation rates. Coupled with projected supply costs, this movement in SVCE rates creates $46M in operating margin above and beyond the original budget for FY2021-22.

During the February 9, 2022 Board of Directors meeting, the Board voted to allocate $17M to customer-focused electrification programs and $3M to be returned to disadvantaged customers. The mid-year budget update to the SVCE Board in March 2022 reflects these adjustments to revenue projections for the remainder of FY2021-22.

ATTACHMENT

1. SVCE Residential Rate Schedule effective March 1, 2022

2. SVCE Non-Residential Rate Schedule effective March 1, 2022 Item 1h
IA'\ SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-1 Year-round $ 0.12871 $ 0.14935 $ 0.15086 Rates applicable to all usage throughout the year E-6 Summer (Jun-Sep)
SUMMER PEAK $ 0.25676 $ 0.27740 $ 0.28020 3:00 p.m. to 8:00 p.m. Monday through Friday SUMMER PART-PEAK $ 0.17466 $ 0.19530 $ 0.19727 12:00 p.m. to 3:00 p.m. AND 8:00 p.m. to 10:00 p.m. Monday through Friday, 5:00 p.m. to 8:00 p.m. Saturday and Sunday
SUMMER OFF-PEAK $ 0.10518 $ 0.12582 $ 0.12709 All other times including Holidays Winter (Oct-May)
WINTER PART-PEAK $ 0.14227 $ 0.16291 $ 0.16456 5:00 p.m. to 8:00 p.m. Monday through Friday WINTER OFF-PEAK $ 0.10881 $ 0.12945 $ 0.13076 All other times including Holidays EV-A, EV-B Summer (May-Oct)
SUMMER PEAK $ 0.28836 $ 0.30900 $ 0.31212 2:00 p.m. to 9:00 p.m. Monday through Friday, 3:00 p.m. to 7:00 p.m. Saturday, Sunday and Holidays
SUMMER PART-PEAK $ 0.14632 $ 0.16696 $ 0.16865 7:00 a.m. to 2:00 p.m. and 9:00 p.m. to 11:00 p.m. Monday through Friday, except holidays
SUMMER OFF-PEAK $ 0.10041 $ 0.12105 $ 0.12227 All other hours Winter (Nov-Apr)
WINTER PEAK $ 0.09637 $ 0.11701 $ 0.11819 2:00 p.m. to 9:00 p.m. Monday through Friday. 3:00 p.m. to 7:00 p.m. Saturday, Sunday and Holidays
WINTER PART-PEAK $ 0.07177 $ 0.09241 $ 0.09334 7:00 a.m. to 2:00 p.m. and 9:00 p.m. to 11:00 p.m. Monday through Friday, except holidays
WINTER OFF-PEAK $ 0.07177 $ 0.09241 $ 0.09334 All other hours Item 1h
Attachment 1
Residential Generation Rates
rA, s1ucoN vALLEv ~ CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
EV-2A Summer (Jun-Sep)
SUMMER PEAK $ 0.19536 $ 0.21600 $ 0.21818 4:00 p.m. to 9:00 p.m. every day including weekends and holidays SUMMER PART-PEAK $ 0.15110 $ 0.17174 $ 0.17347 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
SUMMER OFF-PEAK $ 0.11037 $ 0.13101 $ 0.13233 All other hours Winter (Oct-May)
WINTER PEAK $ 0.13905 $ 0.15969 $ 0.16130 4:00 p.m. to 9:00 p.m. every day including weekends and holidays WINTER PART-PEAK $ 0.12669 $ 0.14733 $ 0.14882 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
WINTER OFF-PEAK $ 0.10345 $ 0.12409 $ 0.12534 All other hours E-TOU-B Summer (Jun-Sep)
SUMMER PEAK $ 0.24758 $ 0.26822 $ 0.27093 4:00 p.m. to 9:00 p.m. Monday through Friday SUMMER OFF-PEAK $ 0.12575 $ 0.14639 $ 0.14787 All other times including Holidays Winter (Oct-May)
WINTER PEAK $ 0.14265 $ 0.16329 $ 0.16494 4:00 p.m. to 9:00 p.m. Monday through Friday WINTER OFF-PEAK $ 0.10424 $ 0.12488 $ 0.12614 All other times including Holidays Item 1h
Attachment 1
Residential Generation Rates
rA, s1ucoN vALLEv ~ CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-TOU-C Summer (Jun-Sep)
SUMMER PEAK $ 0.17801 $ 0.19865 $ 0.20066 4:00 p.m. to 9:00 p.m. everyday SUMMER OFF-PEAK $ 0.12511 $ 0.14575 $ 0.14722 All other times Winter (Oct-May)
WINTER PEAK $ 0.12973 $ 0.15037 $ 0.15189 4:00 p.m. to 9:00 p.m. everyday WINTER OFF-PEAK $ 0.11486 $ 0.13550 $ 0.13687 All other times E-TOU-D Summer (Jun-Sep)
SUMMER PEAK $ 0.20716 $ 0.22780 $ 0.23010 5:00 p.m. to 8:00 p.m. Monday - Friday SUMMER OFF-PEAK $ 0.10325 $ 0.12389 $ 0.12514 All other times including Holidays Winter (Oct-May)
WINTER PEAK $ 0.16670 $ 0.18734 $ 0.18923 5:00 p.m. to 8:00 p.m. Monday - Friday WINTER OFF-PEAK $ 0.13197 $ 0.15261 $ 0.15415 All other times including Holidays GreenPrime + $ 0.00800 Same as applicable rate, with $0.008/kWh adder for 100% Renewable energy 1 SVCE Generation Rates, without added PG&E fees, effective 3/1/2022 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 3/1/2022 3 PG&E Generation service rate effective 3/1/2022
Item 1h
Attachment 1
Residential Generation Rates
rA, s1ucoN vALLEv ~ CLEAN ENERGY
Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
A-1-A Summer (May-Oct) $ 0.14212 $ 0.16199 $ 0.16363 Rates applicable to all usage throughout the season Winter (Nov-Apr) $ 0.10240 $ 0.12227 $ 0.12350 Rates applicable to all usage throughout the season A-1-B Summer (May-Oct)
PEAK $ 0.14539 $ 0.16526 $ 0.16693 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.14539 $ 0.16526 $ 0.16693 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.12092 $ 0.14079 $ 0.14221 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays Winter (Nov-Apr)
PART-PEAK $ 0.11494 $ 0.13481 $ 0.13617 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.11437 $ 0.13424 $ 0.13560 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays B-1 Summer (Jun-Sep)
PEAK $ 0.18585 $ 0.20572 $ 0.20780 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.13711 $ 0.15698 $ 0.15857 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.11651 $ 0.13638 $ 0.13776 All other hours
Winter (Oct-May)
PEAK $ 0.13115 $ 0.15102 $ 0.15255 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.11520 $ 0.13507 $ 0.13643 All other hours
SUPER OFF-PEAK $ 0.09894 $ 0.11881 $ 0.12001 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Quick Access to Rates
Small Commercial
Medium Commercial
Commercial EV
Large Commercial
Agriculture
Stand By
Lighting
Item 1h
Attachment 2
Commercial Generation Rates
IA' SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
A-6 Summer (May-Oct)
PEAK $ 0.20754 $ 0.22741 $ 0.22971 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.15868 $ 0.17855 $ 0.18035 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.12686 $ 0.14673 $ 0.14821 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays Winter (Nov-Apr)
PART-PEAK $ 0.11757 $ 0.13744 $ 0.13883 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.11687 $ 0.13674 $ 0.13812 9:30 P.M. to 8:30 A.M. Monday through Friday and all day Saturday and Sunday, holidays B-6 Summer (Jun-Sep)
PEAK $ 0.18800 $ 0.20787 $ 0.20997 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.11755 $ 0.13742 $ 0.13881 All other hours
Winter (Oct-May)
PEAK $ 0.12512 $ 0.14499 $ 0.14645 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10823 $ 0.12810 $ 0.12939 All other hours
SUPER OFF-PEAK $ 0.09198 $ 0.11185 $ 0.11298 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Item 1h
Attachment 2
Commercial Generation Rates
( A' SILICON VALLEY \!, CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
A-10-A Summer (May-Oct) $ 0.14353 $ 0.16490 $ 0.16657 Rates applicable to all usage throughout the season SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr) $ 0.12199 $ 0.14336 $ 0.14481 Rates applicable to all usage throughout the season A-10-B Summer (May-Oct)
PEAK $ 0.15687 $ 0.17824 $ 0.18004 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.15687 $ 0.17824 $ 0.18004 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.13036 $ 0.15173 $ 0.15326 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.12260 $ 0.14397 $ 0.14542 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.12189 $ 0.14326 $ 0.14471 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays A-10-B-P Summer (May-Oct)
PEAK $ 0.14108 $ 0.16245 $ 0.16409 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.14108 $ 0.16245 $ 0.16409 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.11601 $ 0.13738 $ 0.13877 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.10868 $ 0.13005 $ 0.13136 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.10801 $ 0.12938 $ 0.13069 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays Item 1h
Attachment 2
Commercial Generation Rates
( A' SILICON VALLEY \!, CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
A-10-B-T Summer (May-Oct)
PEAK $ 0.12243 $ 0.14380 $ 0.14525 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.12243 $ 0.14380 $ 0.14525 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.09802 $ 0.11939 $ 0.12060 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.09087 $ 0.11224 $ 0.11337 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.09021 $ 0.11158 $ 0.11271 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays B-10-S Summer (Jun-Sep)
PEAK $ 0.21270 $ 0.23407 $ 0.23643 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.15162 $ 0.17299 $ 0.17474 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.11938 $ 0.14075 $ 0.14217 All other hours
Winter (Oct-May)
PEAK $ 0.15523 $ 0.17660 $ 0.17838 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.12010 $ 0.14147 $ 0.14290 All other hours
SUPER OFF-PEAK $ 0.08412 $ 0.10549 $ 0.10656 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Item 1h
Attachment 2
Commercial Generation Rates
rA, s1L1coN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
B-10-P Summer (Jun-Sep)
PEAK $ 0.19545 $ 0.21682 $ 0.21901 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.13773 $ 0.15910 $ 0.16071 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10720 $ 0.12857 $ 0.12987 All other hours
Winter (Oct-May)
PEAK $ 0.14136 $ 0.16273 $ 0.16437 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10806 $ 0.12943 $ 0.13074 All other hours
SUPER OFF-PEAK $ 0.07209 $ 0.09346 $ 0.09440 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only B-10-T Summer (Jun-Sep)
PEAK $ 0.17148 $ 0.19285 $ 0.19480 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.11531 $ 0.13668 $ 0.13806 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08554 $ 0.10691 $ 0.10799 All other hours
Winter (Oct-May)
PEAK $ 0.11896 $ 0.14033 $ 0.14175 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08645 $ 0.10782 $ 0.10891 All other hours
SUPER OFF-PEAK $ 0.05047 $ 0.07184 $ 0.07257 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Item 1h
Attachment 2
Commercial Generation Rates
rA, s1L1coN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
BEV1 Summer/Winter
PEAK $ 0.27295 $ 0.29049 $ 0.29342 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09221 $ 0.10975 $ 0.11086 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays SUPER OFF-PEAK $ 0.06708 $ 0.08462 $ 0.08547 All other hours; Every day, including weekends and holidays BEV2S Summer/Winter
PEAK $ 0.28982 $ 0.30956 $ 0.31269 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08850 $ 0.10824 $ 0.10933 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays SUPER OFF-PEAK $ 0.06335 $ 0.08309 $ 0.08393 All other hours; Every day, including weekends and holidays BEV2P Summer/Winter
PEAK $ 0.27955 $ 0.29929 $ 0.30231 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08553 $ 0.10527 $ 0.10633 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays SUPER OFF-PEAK $ 0.06157 $ 0.08131 $ 0.08213 All other hours; Every day, including weekends and holidays Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1ucoN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-19-S Summer (May-Oct)
PEAK $ 0.09767 $ 0.11765 $ 0.11884 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09767 $ 0.11765 $ 0.11884 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.09175 $ 0.11173 $ 0.11286 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 12.19 $ 12.19 $ 12.31
PART-PEAK (kW) $ 12.19 $ 12.19 $ 12.31
Winter (Nov-Apr)
PART-PEAK $ 0.08919 $ 0.10917 $ 0.11027 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.08848 $ 0.10846 $ 0.10956 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-P Summer (May-Oct)
PEAK $ 0.08579 $ 0.10577 $ 0.10684 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.08579 $ 0.10577 $ 0.10684 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.08013 $ 0.10011 $ 0.10112 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 10.57 $ 10.57 $ 10.68
PART-PEAK (kW) $ 10.57 $ 10.57 $ 10.68
Winter (Nov-Apr)
PART-PEAK $ 0.07768 $ 0.09766 $ 0.09865 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.07702 $ 0.09700 $ 0.09798 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1h
Attachment 2
Commercial Generation Rates
( A' SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-19-T Summer (May-Oct)
PEAK $ 0.07652 $ 0.09650 $ 0.09747 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.07652 $ 0.09650 $ 0.09747 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.07091 $ 0.09089 $ 0.09181 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 11.68 $ 11.68 $ 11.80
PART-PEAK (kW) $ 11.68 $ 11.68 $ 11.80
Winter (Nov-Apr)
PART-PEAK $ 0.06851 $ 0.08849 $ 0.08938 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06785 $ 0.08783 $ 0.08872 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-R-S Summer (May-Oct)
PEAK $ 0.16562 $ 0.18560 $ 0.18747 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.14842 $ 0.16840 $ 0.17010 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.11940 $ 0.13938 $ 0.14079 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.11684 $ 0.13682 $ 0.13820 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.11614 $ 0.13612 $ 0.13749 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1L1coN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-19-R-P Summer (May-Oct)
PEAK $ 0.14926 $ 0.16924 $ 0.17095 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.13397 $ 0.15395 $ 0.15551 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10827 $ 0.12825 $ 0.12955 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.10583 $ 0.12581 $ 0.12708 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10517 $ 0.12515 $ 0.12641 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-R-T Summer (May-Oct)
PEAK $ 0.14451 $ 0.16449 $ 0.16615 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.13104 $ 0.15102 $ 0.15255 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10857 $ 0.12855 $ 0.12985 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.10617 $ 0.12615 $ 0.12742 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10551 $ 0.12549 $ 0.12676 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1h
Attachment 2
Commercial Generation Rates
/'A' SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
B-19-S Summer (Jun-Sep)
PEAK $ 0.15355 $ 0.17353 $ 0.17528 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.11629 $ 0.13627 $ 0.13765 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08996 $ 0.10994 $ 0.11105 All other hours
PEAK $ 18.66 $ 18.66 $ 18.85
PART-PEAK (kW) $ 2.71 $ 2.71 $ 2.74
Winter (Oct-May)
PART-PEAK $ 0.12989 $ 0.14987 $ 0.15138 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08985 $ 0.10983 $ 0.11094 All other hours
SUPER OFF-PEAK $ 0.03613 $ 0.05611 $ 0.05668 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only PEAK (kW) $ 2.22 $ 2.22 $ 2.24
B-19-P Summer (Jun-Sep)
PEAK $ 0.13415 $ 0.15413 $ 0.15569 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.10580 $ 0.12578 $ 0.12705 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08115 $ 0.10113 $ 0.10215 All other hours
PEAK (kW) $ 15.99 $ 15.99 $ 16.15
PART-PEAK (kW) $ 2.34 $ 2.34 $ 2.36
Winter (Oct-May)
PART-PEAK $ 0.11878 $ 0.13876 $ 0.14016 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08132 $ 0.10130 $ 0.10232 All other hours
SUPER OFF-PEAK $ 0.02800 $ 0.04798 $ 0.04846 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only PEAK (kW) $ 1.63 $ 1.63 $ 1.65
Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1ucoN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
B-19-T Summer (Jun-Sep)
PEAK $ 0.12179 $ 0.14177 $ 0.14320 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.10987 $ 0.12985 $ 0.13116 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08448 $ 0.10446 $ 0.10552 All other hours
PEAK (kW) $ 12.59 $ 12.59 $ 12.72
PART-PEAK (kW) $ 3.15 $ 3.15 $ 3.18
Winter (Oct-May)
PART-PEAK $ 0.12338 $ 0.14336 $ 0.14481 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08482 $ 0.10480 $ 0.10586 All other hours
SUPER OFF-PEAK $ 0.02809 $ 0.04807 $ 0.04856 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only PEAK (kW) $ 1.21 $ 1.21 $ 1.22
B-19-R-S /
%19-ST-S Summer (Jun-Sep)
PEAK $ 0.27738 $ 0.29736 $ 0.30036 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.14316 $ 0.16314 $ 0.16479 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10504 $ 0.12502 $ 0.12628 All other hours
Winter (Oct-May)
PEAK $ 0.14686 $ 0.16684 $ 0.16853 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10498 $ 0.12496 $ 0.12622 All other hours
SUPER OFF-PEAK $ 0.06952 $ 0.08950 $ 0.09040 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1ucoN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
B-19-R-P /
%19-ST-P Summer (Jun-Sep)
PEAK $ 0.25397 $ 0.27395 $ 0.27672 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.13167 $ 0.15165 $ 0.15318 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09663 $ 0.11661 $ 0.11779 All other hours
Winter (Oct-May)
PEAK $ 0.13401 $ 0.15399 $ 0.15555 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09674 $ 0.11672 $ 0.11790 All other hours
SUPER OFF-PEAK $ 0.06128 $ 0.08126 $ 0.08208 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only B-19-R-T /
%19-ST-T Summer (Jun-Sep)
PEAK $ 0.22099 $ 0.24097 $ 0.24340 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.14031 $ 0.16029 $ 0.16191 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09857 $ 0.11855 $ 0.11975 All other hours
Winter (Oct-May)
PEAK $ 0.13213 $ 0.15211 $ 0.15365 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09879 $ 0.11877 $ 0.11997 All other hours
SUPER OFF-PEAK $ 0.06333 $ 0.08331 $ 0.08415 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Item 1h
Attachment 2
Commercial Generation Rates
rA, s1ucoN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-20-S Summer (May-Oct)
PEAK $ 0.09299 $ 0.11147 $ 0.11260 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09299 $ 0.11147 $ 0.11260 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.08713 $ 0.10561 $ 0.10668 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 11.68 $ 11.68 $ 11.80
PART-PEAK (kW) $ 11.68 $ 11.68 $ 11.80
Winter (Nov-Apr)
PART-PEAK $ 0.08457 $ 0.10305 $ 0.10409 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.08387 $ 0.10235 $ 0.10338 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-P Summer (May-Oct)
PEAK $ 0.08975 $ 0.10780 $ 0.10889 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.08975 $ 0.10780 $ 0.10889 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.08405 $ 0.10210 $ 0.10313 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 12.48 $ 12.48 $ 12.61
PART-PEAK (kW) $ 12.48 $ 12.48 $ 12.61
Winter (Nov-Apr)
PART-PEAK $ 0.08160 $ 0.09965 $ 0.10066 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.08094 $ 0.09899 $ 0.09999 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1h
Attachment 2
Commercial Generation Rates
rA, s1ucoN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-20-T Summer (May-Oct)
PEAK $ 0.07707 $ 0.09434 $ 0.09529 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.07707 $ 0.09434 $ 0.09529 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.07145 $ 0.08872 $ 0.08962 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 14.87 $ 14.87 $ 15.02
PART-PEAK (kW) $ 14.87 $ 14.87 $ 15.02
Winter (Nov-Apr)
PART-PEAK $ 0.06905 $ 0.08632 $ 0.08719 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06839 $ 0.08566 $ 0.08653 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-R-S Summer (May-Oct)
PEAK $ 0.15027 $ 0.16875 $ 0.17045 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.13545 $ 0.15393 $ 0.15548 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10868 $ 0.12716 $ 0.12844 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.10611 $ 0.12459 $ 0.12585 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10541 $ 0.12389 $ 0.12514 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1h
Attachment 2
Commercial Generation Rates
f A' SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
E-20-R-P Summer (May-Oct)
PEAK $ 0.15114 $ 0.16919 $ 0.17090 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.13385 $ 0.15190 $ 0.15343 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10638 $ 0.12443 $ 0.12569 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.10394 $ 0.12199 $ 0.12322 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10327 $ 0.12132 $ 0.12255 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-R-T Summer (May-Oct)
PEAK $ 0.14568 $ 0.16295 $ 0.16460 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.12842 $ 0.14569 $ 0.14716 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.10127 $ 0.11854 $ 0.11974 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.09887 $ 0.11614 $ 0.11731 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.09821 $ 0.11548 $ 0.11665 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1h
Attachment 2
Commercial Generation Rates
Ill'\ SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
B-20-S Summer (Jun-Sep)
PEAK $ 0.14574 $ 0.16422 $ 0.16588 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.11235 $ 0.13083 $ 0.13215 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08597 $ 0.10445 $ 0.10551 All other hours
PEAK (kW) $ 18.14 $ 18.14 $ 18.32
PART-PEAK (kW) $ 2.63 $ 2.63 $ 2.66
Winter (Oct-May)
PEAK $ 0.12585 $ 0.14433 $ 0.14579 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08577 $ 0.10425 $ 0.10530 All other hours
SUPER OFF-PEAK $ 0.03206 $ 0.05054 $ 0.05105 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only PEAK (kW) $ 2.32 $ 2.32 $ 2.34
B-20-P Summer (Jun-Sep)
PEAK $ 0.14213 $ 0.16018 $ 0.16180 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.10664 $ 0.12469 $ 0.12595 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08187 $ 0.09992 $ 0.10093 All other hours
PEAK (kW) $ 19.99 $ 19.99 $ 20.19
PART-PEAK (kW) $ 2.74 $ 2.74 $ 2.77
Winter (Oct-May)
PEAK $ 0.11954 $ 0.13759 $ 0.13898 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08194 $ 0.09999 $ 0.10100 All other hours
SUPER OFF-PEAK $ 0.02859 $ 0.04664 $ 0.04711 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only PEAK (kW) $ 2.30 $ 2.30 $ 2.32
Item 1h
Attachment 2
Commercial Generation Rates
Ill'\ SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
B-20-T Summer (Jun-Sep)
PEAK $ 0.11950 $ 0.13677 $ 0.13815 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.09761 $ 0.11488 $ 0.11604 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.07317 $ 0.09044 $ 0.09135 All other hours
PEAK (kW) $ 22.62 $ 22.62 $ 22.85
PART-PEAK (kW) $ 5.39 $ 5.39 $ 5.44
Winter (Oct-May)
PEAK $ 0.11844 $ 0.13571 $ 0.13708 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06874 $ 0.08601 $ 0.08688 All other hours
SUPER OFF-PEAK $ 0.01910 $ 0.03637 $ 0.03674 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only PEAK (kW) $ 3.02 $ 3.02 $ 3.05
B-20-R-S /
%20-ST-S Summer (Jun-Sep)
PEAK $ 0.26482 $ 0.28330 $ 0.28616 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.13340 $ 0.15188 $ 0.15341 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09631 $ 0.11479 $ 0.11595 All other hours
Winter (Oct-May)
PEAK $ 0.13946 $ 0.15794 $ 0.15954 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09617 $ 0.11465 $ 0.11581 All other hours
SUPER OFF-PEAK $ 0.06078 $ 0.07926 $ 0.08006 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1L1coN vALLEv
~ CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
B-20-R-P /
%20-ST-P Summer (Jun-Sep)
PEAK $ 0.25594 $ 0.27399 $ 0.27676 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.12834 $ 0.14639 $ 0.14787 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09398 $ 0.11203 $ 0.11316 All other hours
Winter (Oct-May)
PEAK $ 0.13370 $ 0.15175 $ 0.15328 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09403 $ 0.11208 $ 0.11321 All other hours
SUPER OFF-PEAK $ 0.05864 $ 0.07669 $ 0.07746 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only B-20-R-T /
%20-ST-T Summer (Jun-Sep)
PEAK $ 0.25493 $ 0.27220 $ 0.27495 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.13749 $ 0.15476 $ 0.15632 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08774 $ 0.10501 $ 0.10607 All other hours
Winter (Oct-May)
PEAK $ 0.13734 $ 0.15461 $ 0.15617 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08485 $ 0.10212 $ 0.10315 All other hours
SUPER OFF-PEAK $ 0.05238 $ 0.06965 $ 0.07035 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Item 1h
Attachment 2
Commercial Generation Rates
rA, s1ucoN VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-1-A Summer (May-Oct) $ 0.09968 $ 0.11813 $ 0.11932 Rates applicable to all usage throughout the season SUMMER MAX $ 2.51 $ 2.51 $ 2.54
Winter (Nov-Apr) $ 0.08650 $ 0.10495 $ 0.10601 Rates applicable to all usage throughout the season AG-1-B Summer (May-Oct) $ 0.11151 $ 0.12996 $ 0.13127 Rates applicable to all usage throughout the season SUMMER MAX $ 3.93 $ 3.93 $ 3.97
Winter (Nov-Apr) $ 0.07934 $ 0.09779 $ 0.09878 Rates applicable to all usage throughout the season AG-A1 Summer (Jun-Sep)
PEAK $ 0.23414 $ 0.25259 $ 0.25514 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.11566 $ 0.13411 $ 0.13546 All other hours
Winter (Oct-May)
PEAK $ 0.11237 $ 0.13082 $ 0.13214 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08618 $ 0.10463 $ 0.10569 All other hours
AG-A2 Summer (Jun-Sep)
PEAK $ 0.23414 $ 0.25259 $ 0.25514 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.11566 $ 0.13411 $ 0.13546 All other hours
Winter (Oct-May)
PEAK $ 0.11237 $ 0.13082 $ 0.13214 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08618 $ 0.10463 $ 0.10569 All other hours
Item 1h
Attachment 2
Commercial Generation Rates
IA' SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-RA Summer (May-Oct)
PEAK $ 0.14521 $ 0.16366 $ 0.16531 Group I 12:00 noon to 6:00 p.m. Monday, Tuesday, Wednesday Group II 12:00 noon to 6:00 p.m. Wednesday, Thursday, Friday OFF-PEAK $ 0.09571 $ 0.11416 $ 0.11531 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER $ 1.97 $ 1.97 $ 1.99
Winter (Nov-Apr)
PART-PEAK $ 0.08281 $ 0.10126 $ 0.10228 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.08210 $ 0.10055 $ 0.10157 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-RB Summer (May-Oct)
PEAK $ 0.13347 $ 0.15192 $ 0.15345 Group I 12:00 noon to 6:00 p.m. Monday, Tuesday, Wednesday Group II 12:00 noon to 6:00 p.m. Wednesday, Thursday, Friday OFF-PEAK $ 0.09025 $ 0.10870 $ 0.10980 All other hours Monday through Friday All day Saturday, Sunday, holidays
MAX $ 2.83 $ 2.83 $ 2.86
PEAK $ 0.80 $ 0.80 $ 0.81
Winter (Nov-Apr)
PART-PEAK $ 0.08227 $ 0.10072 $ 0.10174 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.08157 $ 0.10002 $ 0.10103 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-FA Summer (Jun-Sep)
PEAK $ 0.20004 $ 0.21849 $ 0.22070 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.12367 $ 0.14212 $ 0.14356 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday Winter (Oct-May)
PEAK $ 0.11358 $ 0.13203 $ 0.13336 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.08739 $ 0.10584 $ 0.10691 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1ucoN VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-FB Summer (Jun-Sep)
PEAK $ 0.21930 $ 0.23775 $ 0.24015 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.13880 $ 0.15725 $ 0.15884 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday Winter (Oct-May)
PEAK $ 0.12686 $ 0.14531 $ 0.14678 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.10068 $ 0.11913 $ 0.12033 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday AG-FC Summer (Jun-Sep)
PEAK $ 0.13627 $ 0.15472 $ 0.15628 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.10656 $ 0.12501 $ 0.12627 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday MAX $ 15.23 $ 15.23 $ 15.38
Winter (Oct-May)
PEAK $ 0.12199 $ 0.14044 $ 0.14186 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.09581 $ 0.11426 $ 0.11541 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday AG-VA Summer (May-Oct)
OFF-PEAK $ 0.09252 $ 0.11097 $ 0.11209 All other hours Monday through Friday All day Saturday, Sunday, holidays
Group I 12:00 noon to 4:00 p.m. Monday through Friday
Group II 1:00 p.m. to 5:00 p.m. Monday through Friday
Group III 2:00 p.m. to 6:00 p.m. Monday through Friday
PEAK $ 0.13443 $ 0.15288 $ 0.15442
SUMMER $ 2.00 $ 2.00 $ 2.02
Winter (Nov-Apr)
PART-PEAK $ 0.08105 $ 0.09950 $ 0.10050 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.08034 $ 0.09879 $ 0.09979 All other hours Monday through Friday All day Saturday, Sunday, holidays
Item 1h
Attachment 2
Commercial Generation Rates
rA, s1L1coN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-VB Summer (May-Oct)
OFF-PEAK $ 0.08611 $ 0.10456 $ 0.10562 All other hours Monday through Friday All day Saturday, Sunday, holidays
MAX $ 2.61 $ 2.61 $ 2.64
PEAK $ 0.84 $ 0.84 $ 0.85
Winter (Nov-Apr)
PART-PEAK $ 0.07606 $ 0.09451 $ 0.09546 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.07535 $ 0.09380 $ 0.09475 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-4-A Summer (May-Oct)
PEAK $ 0.11749 $ 0.13594 $ 0.13731 12:00 noon to 6:00 p.m. Monday through Friday OFF-PEAK $ 0.09513 $ 0.11358 $ 0.11473 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER $ 1.98 $ 1.98 $ 2.00
Winter (Nov-Apr)
PART-PEAK $ 0.08418 $ 0.10263 $ 0.10367 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.08348 $ 0.10193 $ 0.10296 All other hours Monday through Friday All day Saturday, Sunday, holidays
PEAK $ 0.12349 $ 0.14194 $ 0.14337
Group I 12:00 noon to 4:00 p.m. Monday through Friday
Group II 1:00 p.m. to 5:00 p.m. Monday through Friday
Group III 2:00 p.m. to 6:00 p.m. Monday through Friday
Item 1h
Attachment 2
Commercial Generation Rates
rA, s1L1coN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-4-B Summer (May-Oct)
PEAK $ 0.11686 $ 0.13531 $ 0.13668 12:00 noon to 6:00 p.m. Monday through Friday OFF-PEAK $ 0.10423 $ 0.12268 $ 0.12392 All other hours Monday through Friday All day Saturday, Sunday, holidays
MAX $ 3.60 $ 3.60 $ 3.64
PEAK $ 0.97 $ 0.97 $ 0.98
Winter (Nov-Apr)
PART-PEAK $ 0.09533 $ 0.11378 $ 0.11493 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.09465 $ 0.11310 $ 0.11424 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-4-C Summer (May-Oct)
PEAK $ 0.09396 $ 0.11241 $ 0.11355 12:00 noon to 6:00 p.m. Monday through Friday PART-PEAK $ 0.07901 $ 0.09746 $ 0.09844 8:30 a.m. to 12:00 p.m. Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday
OFF-PEAK $ 0.07356 $ 0.09201 $ 0.09294 9:30 p.m. to 8:30 a.m. Monday through Friday All day Saturday, Sunday, holidays
PEAK $ 4.78 $ 4.78 $ 4.83
PART-PEAK $ 3.58 $ 3.58 $ 3.62
Winter (Nov-Apr)
PART-PEAK $ 0.07368 $ 0.09213 $ 0.09306 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.07298 $ 0.09143 $ 0.09235 All other hours Monday through Friday All day Saturday, Sunday, holidays
Item 1h
Attachment 2
Commercial Generation Rates
Ill'\ SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-B Summer (Jun-Sep)
PEAK $ 0.25165 $ 0.27010 $ 0.27283 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.12981 $ 0.14826 $ 0.14976 All other hours
Winter (Oct-May)
PEAK $ 0.12453 $ 0.14298 $ 0.14442 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.09859 $ 0.11704 $ 0.11822 All other hours
AG-5-A Summer (May-Oct)
PEAK $ 0.11951 $ 0.13796 $ 0.13935 12:00 noon to 6:00 p.m. Monday through Friday OFF-PEAK $ 0.10089 $ 0.11934 $ 0.12055 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER $ 5.45 $ 5.45 $ 5.51
Winter (Nov-Apr)
PART-PEAK $ 0.09201 $ 0.11046 $ 0.11158 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.09131 $ 0.10976 $ 0.11087 All other hours Monday through Friday All day Saturday, Sunday, holidays
Item 1h
Attachment 2
Commercial Generation Rates
Ill'\ SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-5-B Summer (May-Oct)
PEAK $ 0.11333 $ 0.13178 $ 0.13311 12:00 noon to 6:00 p.m. Monday through Friday OFF-PEAK $ 0.08946 $ 0.10791 $ 0.10900 All other hours Monday through Friday All day Saturday, Sunday, holidays
MAX $ 6.92 $ 6.92 $ 6.99
PEAK $ 2.16 $ 2.16 $ 2.18
Winter (Nov-Apr)
PART-PEAK $ 0.08558 $ 0.10403 $ 0.10508 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.08491 $ 0.10336 $ 0.10440 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-5-C Summer (May-Oct)
PEAK $ 0.08817 $ 0.10662 $ 0.10770 12:00 noon to 6:00 p.m. Monday through Friday PART-PEAK $ 0.07565 $ 0.09410 $ 0.09505 8:30 a.m. to 12:00 p.m. Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday
OFF-PEAK $ 0.07099 $ 0.08944 $ 0.09034 9:30 p.m. to 8:30 a.m. Monday through Friday All day Saturday, Sunday, holidays
PEAK $ 9.69 $ 9.69 $ 9.79
PART-PEAK $ 7.74 $ 7.74 $ 7.82
Winter (Nov-Apr)
PART-PEAK $ 0.07299 $ 0.09144 $ 0.09236 8:30 a.m. to 9:30 p.m. Monday through Friday OFF-PEAK $ 0.07228 $ 0.09073 $ 0.09165 All other hours Monday through Friday All day Saturday, Sunday, holidays
Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1L1coN vALLEv
~ CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
AG-C Summer (Jun-Sep)
PEAK $ 0.11573 $ 0.13418 $ 0.13554 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08655 $ 0.10500 $ 0.10606 All other hours
MAX $ 15.23 $ 15.23 $ 15.38
Winter (Oct-May)
PEAK $ 0.10124 $ 0.11969 $ 0.12090 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.07598 $ 0.09443 $ 0.09538 All other hours
Item 1h
Attachment 2
Commercial Generation Rates
rA, s1ucoN VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Standby
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
STOUS Summer (May-Oct)
PEAK $ 0.14137 $ 0.15623 $ 0.15781 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.11659 $ 0.13145 $ 0.13278 8:30 a.m. to 12:00 noon AND 6:00 p.m. to 9:30 p.m.

Monday through Friday (except holidays)
OFF-PEAK $ 0.08415 $ 0.09901 $ 0.10001 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday, and holidays
Reservation (kW) $ 0.60 $ 0.60 $ 0.61
Winter (Nov-Apr)
PART-PEAK $ 0.12054 $ 0.13540 $ 0.13677 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.09541 $ 0.11027 $ 0.11138 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday and holidays
Reservation (kW) $ 0.60 $ 0.60 $ 0.61
Item 1h
Attachment 2
Commercial Generation Rates
IA' SILICON VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Standby
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
STOUT Summer (May-Oct)
PEAK $ 0.11236 $ 0.12722 $ 0.12851 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09241 $ 0.10727 $ 0.10835 8:30 a.m. to 12:00 noon AND 6:00 p.m. to 9:30 p.m.

Monday through Friday (except holidays)
OFF-PEAK $ 0.06599 $ 0.08085 $ 0.08167 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday, and holidays
Reservation (kW) $ 0.49 $ 0.49 $ 0.49
Winter (Nov-Apr)
PART-PEAK $ 0.09554 $ 0.11040 $ 0.11152 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.07526 $ 0.09012 $ 0.09103 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday and holidays
Reservation (kW) $ 0.49 $ 0.49 $ 0.49
S-B-S Summer (Jun-Sep)
PEAK $ 0.13386 $ 0.14872 $ 0.15022 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.11829 $ 0.13315 $ 0.13449 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10095 $ 0.11581 $ 0.11698 All other hours
Reservation (kW) $ 0.40 $ 0.40 $ 0.40
Winter (Oct-May)
PEAK $ 0.12763 $ 0.14249 $ 0.14393 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10242 $ 0.11728 $ 0.11846 All other hours
SUPER OFF-PEAK $ 0.04645 $ 0.06131 $ 0.06193 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Reservation (kW) $ 0.40 $ 0.40 $ 0.40
Item 1h
Attachment 2
Commercial Generation Rates
rA'\ s1ucoN VALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Standby
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
S-B-P Summer (Jun-Sep)
PEAK $ 0.13386 $ 0.14872 $ 0.15022 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.11829 $ 0.13315 $ 0.13449 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10095 $ 0.11581 $ 0.11698 All other hours
Reservation (kW) $ 0.40 $ 0.40 $ 0.40
Winter (Oct-May)
PEAK $ 0.12763 $ 0.14249 $ 0.14393 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.10242 $ 0.11728 $ 0.11846 All other hours
SUPER OFF-PEAK $ 0.04645 $ 0.06131 $ 0.06193 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Reservation (kW) $ 0.40 $ 0.40 $ 0.40
S-B-T Summer (Jun-Sep)
PEAK $ 0.11621 $ 0.13107 $ 0.13239 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.10121 $ 0.11607 $ 0.11724 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08452 $ 0.09938 $ 0.10038 All other hours
Reservation (kW) $ 0.23 $ 0.23 $ 0.23
Winter (Oct-May)
PEAK $ 0.11032 $ 0.12518 $ 0.12644 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08607 $ 0.10093 $ 0.10195 All other hours
SUPER OFF-PEAK $ 0.03066 $ 0.04552 $ 0.04598 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only Reservation (kW) $ 0.23 $ 0.23 $ 0.23
Item 1h
Attachment 2
Commercial Generation Rates
rA, s1L1coN vALLEY ~ CLEAN ENERGY
Silicon Valley Clean Energy Lighting
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates1
SVCE
Generation
Service2
PG&E
Generation
Service3 Notes
LS-1, LS-2,
LS-3, OL-1
TC-1 Year-round $ 0.11280 $ 0.13267 $ 0.13401 Rates applicable to all usage throughout the year GreenPrime + $ 0.00800 Same as applicable rate, with $0.008/kWh adder for 100% Renewable energy 1 SVCE Generation Rates, without added PG&E fees, effective 3/1/2022 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 3/1/2022 3 PG&E Generation service rate effective 3/1/2022
DAYLIGHT SAVING TIME ADJUSTMENT: The time periods shown above will begin and end one hour later for the period between the second Sunday in March and the first Sunday in April, and for the period between the last Sunday in October and the first Sunday in November.

HOLIDAYS: Holidays, for the purpose of this rate schedule, are New Year’s Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day and Christmas Day. The dates will be those on which holidays are legally observed.

Year-round $ 0.10241 $ 0.11885 $ 0.12005 Rates applicable to all usage throughout the year Item 1h
Attachment 2
Commercial Generation Rates
rA, s1L1coN vALLEY ~ CLEAN ENERGY

Page 1 of 2 ends

Staff Report – 1i
Item 1i: Accept Committee Report and Authorize Support for Legislation to Amend the Brown Act to Promote Remote Meetings
From: Girish Balachandran, CEO
Prepared by: Bena Chang, Senior Government Affairs Manager Date: 3/9/2022

RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy Authority Board (“Board”) accept the Legislative and Regulatory Response to Industry Transition 2022 Ad Hoc Committee’s (“Ad Hoc Committee”) report and support legislation that promotes more flexibility in the Brown Act for remote meetings, including AB 1944 (Lee and C. Garcia) and SB 1100 (Cortese).

AD HOC COMMITTEE REPORT
At its March 3, 2022 meeting, the Ad Hoc Committee discussed the need for remote participation flexibility at SVCE Board meetings. As a result of the discussion, the Ad Hoc Committee is recommending the Board support AB 1944 (Lee and C. Garcia) and SB 1100 (Cortese) and provide direction to staff to support legislation that promotes more flexibility for remote meetings.

BACKGROUND
Last year, Governor Newsom signed AB 361 (Rivas) into law. AB 361 (Rivas) allows local agencies to continue meeting remotely without following the Brown Act’s standard teleconferencing positions if the meeting is held during a state of emergency proclaimed by the Governor and either of the following applies: (1) state or local officials have imposed or recommended measures to promote social distancing; or (2) the agency has already determined or is determining whether, as a result of the emergency, meeting in person would present imminent risks to the health or safety of attendees. AB 361 (Rivas) sunsets on January 1, 2024.

AB 1944 (Lee and C. Garcia) would allow a legislative body’s members who are teleconferencing into a meeting from a private location to not disclose the address on the notice and agenda of the meeting. If the legislative body uses teleconferencing, it must provide to the public a video stream of the meeting and an option for members of the public to address the body remotely. The provisions in AB 1944 would be a permanent change to the Brown Act, and not subject to the provisions of AB 361 which include a sunset and a requirement to have a statewide emergency proclamation.

SB 1100 (Cortese) would allow a legislative body to remove an individual for willfully interrupting the meeting.

The bill defines “willfully interrupting” to mean intentionally engaging in a behavior during a meeting that “substantially impairs or renders infeasible the orderly conduct of the meeting.” The bill requires that before removing the individual, the presiding officer of the legislative body or a law enforcement officer issue a warning to the individual that they are disrupting the proceedings and a request that the individual curtail their disruptive behavior or be subject to removal.

ANALYSIS & DISCUSSION
During the pandemic, remote participation in SVCE Board and standing committees has given Board members and the public additional flexibility and access to meetings. AB 1944 (Lee and C. Garcia) modernizes the Brown Act requirement to post addresses of all teleconference locations so only public places would be listed Item 1i
/ A"\ SILICON VALLEY
~CLEAN ENERGY
Agenda Item: 1i Agenda Date: 3/9/2022

Page 2 of 2 ends

on the meeting notice and agenda. This will help maintain privacy for any Board members who may be joining the meeting from their home. Additionally, AB 1944 ensures the public’s access to remote meetings by requiring a video stream and an option for the public to provide remote comment. On SB 1100, additional clarity on the definition of a person who is willfully interrupting a meeting and the process to remove that person can help keep meetings moving in an orderly way.

STRATEGIC PLAN
SVCE’s Board-adopted Strategic Plan identifies engaging the public as a goal of SVCE. Remote meetings and the civil flow of remote meetings will provide more access and better public engagement.

ALTERNATIVE
The SVCE Board could choose to not engage on AB 1944 and SB 1100 or to take a position to oppose the bills.

FISCAL IMPACT
Continuing to conduct remote Board of Directors and Standing Committee meetings will not increase the cost of meetings.

Item 1i

Page 1 of 1 ends

Staff Report – Item 1j
Item 1j: Executive Committee Report
To: Silicon Valley Clean Energy Board of Directors
Prepared by: George Tyson, Chair of the Executive Committee Neysa Fligor, Vice Chair of the Executive Committee
Date: 3/9/2022
The Executive Committee met February 25, 2022 and received presentations from staff on “doubling down” on decarbonization programs, reach codes, details on how to allocate the $3 million for customer relief as directed by the Board of Directors at the February Board of Directors meeting, and a request to recommend the SVCE Board of Directors delegate authority to the CEO to amend existing renewable resources power purchase agreements (PPAs) and energy storage service agreements (ESSAs).

Director of Decarbonization and Grid Innovation Programs Justin Zagunis presented potential options for the allocation of the approved additional program funds in the amount of $17 million; the Committee provided input on the presentation being brought to the Board of Directors for their consideration to approve these funding allocations.

Manager of Energy Services Zoe Elizabeth presented on the ongoing reach code support effort which included new construction reach codes and existing building electrification policies; she will be providing a presentation at the March 9, 2022 Board of Directors meeting.

At last month’s Board of Directors meeting, the Board of Directors approved $3 million for customer relief and requested staff bring back how those funds would be spent. Staff presented three options to the Executive Committee for their consideration of a recommendation to the full Board of Directors. Of those three options, the Executive Committee voted to approve staff’s recommendation of multiple direct bill credits in the amount of $12.50 for eight months. This item is on the Consent Calendar for the Board’s consideration.

Lastly, the Executive Committee received a presentation from Director of Power Resources Monica Padilla with a request to recommend that the SVCE Board of Directors approve to delegate additional authority to the CEO to amend existing PPAs or ESSAs within a set of guidelines. The Executive Committee voted to approve staff’s recommendation, and the item is on the Consent Calendar for the SVCE Board of Directors consideration.

Materials from the February 25, 2022 meeting can be found here: SVCE Executive Committee Meeting Materials, 2/25/22
The next meeting of the Executive Committee will be March 25, 2022 at 10:00 a.m.; materials will be posted no later than 72 hours in advance of the meeting.

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Staff Report – Item 1k
Item 1k: Finance and Administration Committee Report
To: Silicon Valley Clean Energy Board of Directors
Prepared by: Andrea Pizano, Board Clerk/Executive Assistant Date: 3/9/2022
No report as the Finance and Administration Committee has not met since December 16, 2021.

The next meeting of the Finance and Administration Committee is to be determined; materials will be posted no later than 72 hours in advance of the meeting.

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Staff Report – Item 1l
Item 1l: Audit Committee Report
To: Silicon Valley Clean Energy Board of Directors
Prepared by: Bryan Mekechuk, Chair, Audit Committee
Date: 3/9/2022
The Audit Committee met Thursday, March 3, 2022, and selected me to serve as Chair and Director Abe-Koga to serve as Vice Chair of the 2022 Audit Committee.

Three of the four members of the Audit Committee changed from 2021 to 2022. Hung Wei (Cupertino), Evelyn Chua (Milpitas), and Yvonne Martinez Beltran (Morgan Hill) were members of the Audit Committee in 2021; in 2022, Director Margaret Abe-Koga (Mountain View), Alternate Director Sergio Lopez (Campbell), and Vickie Rahman, City of Gilroy Finance Analyst (Gilroy) joined the Audit Committee. Alternate Director Bryan Mekechuk (Monte Sereno) remained on the Audit Committee in 2022.

Amrit Singh, CFO and Director of Administrative Services, gave an overview of the Audit Committee’s role and the annual audit of the financial statements. Mr. Singh explained that it is SVCE’s policy to solicit proposals for financial audit services at least every five years; since this is Pisenti & Brinker LLP’s fifth audit, Staff will issue an RFP for financial audit services in Spring/Summer 2022.

Next, SVCE Administrative Services Manager Kevin Armstrong and Sr. Management Analyst Nik Zanotto gave a presentation to the Audit Committee on SVCE’s Information Technology Audit, which was completed in September 2021, and Automated Meter Infrastructure (AMI) audit, which started in January 2022. The AMI audit is mandated by the CPUC and occurs every three years; this audit covers 2019 to 2021.

The independent auditors from Pisenti & Brinker LLP, Brett Bradford and Jenna Blanchard, presented results of the Fiscal Year 2020-21 financial audit. Mr. Bradford explained that they expect to report an unmodified (or “clean”) audit opinion and they did not find any significant deficiencies in in control. The date of the audit opinion will be March 4, 2022.

Following the presentation, the Committee voted unanimously to recommend the SVCE Board of Directors accept the audit report and findings, pending discussion with the auditors and myself to discuss the audit.

Subsequently, I spoke with the auditors in private and, after our conversation, confirmed the recommendation from the Audit Committee stands. This recommendation will be presented to the Board for consideration at the March 9, 2022, Board of Directors meeting.

Materials from this meeting can be found at the following link: SVCE Audit Committee Meeting, 3/3/22.

The next meeting of the Audit Committee is anticipated for early August and will be determined by Audit Committee member availability; materials will be posted no later than 72 hours in advance of the meeting.

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Silicon Valley Clean Energy Board of DirectorsMarch 9, 2022

Silicon Valley Clean Energy Board of Directors
March 9, 2022