Presentations — Silicon Valley Clean Energy Executive Committee, May 26, 2023

New SV Clean Energy
PowerPoint Template
Subtitle
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PRESENTATION

SILICON VALLEY

CLEAN ENERGY
Workforce Development
Strategy Update
Bena Chang
Executive Committee
May 26, 2023
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PRESENTATION
Workforce
Development
Strategy
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Update on workforce development strategic focus area
Where have we been? Where are we going?
How does workforce fit
into SVCE’s mission?
Where have we
focused?
Where might we want
to go?
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PRESENTATION
SVCE has ambitious clean energy and decarb goals - strong workforce is critical Workforce Development and SVCE Mission
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Offshore Wind
Solar
Wind
Storage
Geothermal
New Technologies
Planners/Financers
Engineers
Construction
Workers
Port staff, inspection
officials
Operational Staff
Manufacturers
Engineers/planners
Construction workers
Lineworkers
Manufacturers
Engineers/Planners
Lineworkers
Manufacturers
Solar installers
EV Charger installers
Electricians
Plumbers
City Permitting and
Inspecitions Staff
Manufacturers
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PRESENTATION
Building Demand + Programs and Advocacy work
CD What have we done to date?
Area Name Description SVCE Already
Doing
Programs & Power Prevailing wage Requires prevailing wage on all PPAs and certain programs
Yes
Power Project Labor
Agreements
PPAs have PLA preference Yes
Programs FutureFit Fundamentals
Contractor Training
Online training - $500 for 5
hours
Yes
Advocacy Legislative Advocacy Support funding and statewide workforce coordination
Yes
Programs & Power Diverse Supplier Provide resources to
contractors on how to obtain
diverse supplier certification
Yes
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PRESENTATION
Strategic partnerships are critical
The Future - SVCE is only one entity in a
complex landscape
Educational
Institutions
High
Schools Community
Colleges
4-year
colleges
Government
Agencies
CA Labor &
Workforce
Development
Agency
Federal
Dept of
Labor
Industry
Associations
Association National
General Electrical
Contractors Contractor;
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PRESENTATION
Next Steps
Refine SVCE’s understanding of workforce landscape, bring back ideas to Board Conduct additional stakeholder conversations
Explore partnership opportunities
Refine workforce development strategy and bring ideas
back to the Board
• Subtitle
New SV Clean Energy
PowerPoint Template
Item 4

PRESENTATION
SVCE Executive Committee

SILICON VALLEY

CLEAN ENERGY
Strategic Plan Update
May 26, 2023
May
Enterprise Risk &
Opportunities
Budget
Strategic Focus
Areas
May-Aug
Strategic Plan Input
& Updates
September
Approve Budget,
Strategic Focus
Areas
Sep-Oct
CEO evaluation&
Priorities (Sep)
Present detailed
work plan and
measures (Oct)
Oct-May
Implementation
Strategic Plan & Budget Timeline
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PRESENTATION
April & May & Q3 - Staff input
May 26 - Executive Committee (strategic plan & budget)
June 14 - Board (strategic plan)
June 23 - Executive Committee (strategic plan & budget) August 1 - Finance Committee (budget)
August 9 - Board (budget)
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PRESENTATION
CD SVCE Planning & Budgeting Process
Budget
Comprehensive assessment of risks and
opportunities to optimally achieve mission
Organization-wide priorities and
alignment toward achieving the mission
Funding in alignment with achieving
the strategic focus areas
SVCE Mission: Reduce dependence on fossil fuels by
providing carbon-free, affordable, and reliable electricity and innovative programs for the SVCE community.
3 Item 4

PRESENTATION
CD Strategic Work Plan & Focus Areas
Mission
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STRATEGIC FOCUS AREAS

PRESENTATION
A lens to spotlight cross-cutting and incremental priorities Useful for Board and CEO establishing priorities
Mapping to each department's goals and measures
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CD No Changes to Mission & Measure
MISSION:

Reduce dependence on fossil fuels by providing carbon free, affordable, and reliable electricity and innovative programs for the SVCE community MEASURE:

SVCE, working with SVCE member agencies, aspires to achieve energy and transportation GHG reductions of 30% from the 2015 baseline by 2021, 40% by 2025, and 50% by 2030 6 Item 4

PRESENTATION
5 Strategic Focus Areas - FY 23
Synergy & Overlap
24x7 Clean
Energy
Customer Base
& Electrification
Inflation
Reduction Act Finance Employee
Explore 24x7 clean
energy delivery at
scale, to improve
on the current 100%
clean energy goal
Grow Customer
Base & Offerings,
Emphasize
Electrification
Accelerate
deployment of
currently adopted
decarbonization
strategies and
goals; evaluate and
capitalize on the
Inflation Reduction
Act to further
improve programs
Leverage Balance
Sheet for
Structured
Financing and use
financing solutions
to increase impact
of decarbonization
program offerings,
especially to lower-income customers
Be the Employer of
Choice, and
Increase Staffing
Synergy & Overlap
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PRESENTATION
FY 24: Risk Register & Opportunities

1. Working through each department and cross-department meetings

2. Several initiatives span multiple years
/ASILICON VALLEY <3/ CLEAN ENERGY 8
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PRESENTATION
FY 24 Focus Areas - Essentially Unchanged,
except for #3 IRA
FY 23

1. 24x7 Clean Energy

2. Customer Base and
Electrification

3. Inflation Reduction Act

4. Finance

5. Employee
/ASILICON VALLEY <3/ CLEAN ENERGY
FY 24

1. Clean and Renewable Grid

2. Accelerate Building &
Transportation Electrification

3. Finance

4. Employee
Supporting Work:

Risk and Opportunities being updated
Strategies (21), Measures (80) being updated
Utilize Monday.com to track during the year
Update details under each Strategic Focus Area
9 May
Enterprise Risk &
Opportunities
Budget
Strategic Focus
Areas
May-Aug
Strategic Plan Input
& Updates
September
Approve Budget,
Strategic Focus
Areas
Sep-Oct
CEO evaluation&
Priorities (Sep)
Present detailed
work plan and
measures (Oct)
Oct-May
Implementation
Strategic Plan & Budget Timeline
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APPENDIX
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STRATEGIC PLAN GOALS
Each Goal
associated
with 1. Manage Power Supply Portfolio and Energy Risk
Measures

13. Commit to maintaining a strong financial position

14. Avoid failures in management of market, credit, liquidity, operational and enterprise risks

16. Engage regulators, legislators, and local elected officials in representing SVCE priorities

17. Develop and enhance internal processes related to Supplier Diversity. Staffing and Compliance

19. Drive SVCE’s local policy objectives by leveraging key stakeholders Q WORKPLAN - 21Goals and 75 Measures
(to be updated & presented to Board in October 2022)

GOAL MEASURES

GOAL MEASURES
POWER
SUPPLY
Manage and optimize
power supply resources
to meet affordability,
GHG reduction and
reliability objectives

1. Achieve SVCE 100% < RPS mandate of 65%; n
procurement mandates

2. Meet SVCE’s standar
(i.e.. GreenPrime and Gi
development of sustain
GreenPrime Direct and
custom product offerin
Acquire clean and
reliable electricity
in a cost effective,
equitable and
sustainable manner

1. Integrated Resource I
affordable, reliable, and
2030 and beyond (204
Plan for resources to
meet SVCE’s mission
while balancing
multiple stakeholder
objectives 2. Develop a platform t
distributed energy reso
operations

3. Implement process a
and policy integration t
Policy Teams

2. Implement and Operate Power Purchase Agreements
to enhance value to SVCE

3. Ensure SVCE adopts the appropriate tools, systems,
and resources to support portfolio optimization.
risk management, load forecasting, compliance, and
settlements
Monica Padilla
Director of Power Resources
SVCE’s Power Resource Team is responsible for planning, acquiring, and managing power supply resources to meet the community’s clean energy goals and state-mandated power and reliability requirements. This is done through a balanced approach which considers cost. risk, long-term value, and best fit in meeting community goals. This requires sustainable planning, innovative thinking, prudent risk management and the constant search for the best solutions. Going forward, to be successful SVCE must adapt to new climate and social challenges; customer specific needs; support region-wide decarbonization and electrification goals; integrate distributed energy resources; collaborate and leverage opportunities for joint procurement; and become technology and data driven.

3. Pursue joint procurer
resource adequacy and
through CC Power and
power partners

15. Advocate for policies that protect CCA customer investments and furthers decarbonization, grid reliability, affordability, and social equity with federal and state elected officials and regulators

21. Enable data-driven decision-making across the organization; automate, integrate, and streamline business processes to minimize operational risk and move organization toward industry best practices from its startup phase

10. Empower customers with the awareness, knowledge and resources needed to make effective clean energy choices

8. Coordinate development of decarbonization and resilience strategy, lead design of local policy and programs, and support program deployment

18. Encourage the development of regulations that proactively support the changing, evolving energy market and facilitate grid innovation

20. Ensure SVCE’s Information Technology infrastructure is secure, reliable, and disaster resilient to provide 24/7/365 online access
"The successful planning and acquisition ofclean and reliable energy serves as the foundation of SVCE's mission. Moving forward, we aspire to strengthen and diversify our portfolio with new cost-effective and innovative resources such as long-duration storage."

12. Enact competitive service offerings and programs that deliver measurable environmental and economic benefits

4. Plan for resources to meet SVCE's mission while balancing multiple stakeholder objectives

11. Engage a full range of public, private, and non-profit stakeholders to leverage our decarbonization efforts

5. Acquire clean and reliable electricity in a cost effective, equitable and sustainable manner

9. Use DAISY to enable data-driven decision-making across the organization

3. Get great at prioritizing, and rebalancing to align work plan with higher level goals

2. Maintain an enjoyable and rewarding workplace

6. Manage and optimize power supply resources to meet affordability, GHG reduction and reliability objectives

1. Build and maintain a high-performing team

7. Work with the community to plan and track achieving energy and transportationGHG reductions of 30% from the 2015 baseline by 2021, 40% by 2025, and 50% by 2030 Explore 24x7
clean energy
delivery at scale,
to improve on the
current 100%
clean energy goal
• Explore pathways to measure & achieve
carbon free 24x7 for the entire portfolio
• Implement 24/7 service with Google and
explore with other customers
• Explore VPP opportunities and how we can
demonstrate the “grid of the future”
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PRESENTATION

01. 24x7 CLEAN ENERGY
Explore 24x7
clean energy
delivery at scale,
to improve on the
current 100%
clean energy goal
• Change to Clean and Reliable Grid
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PRESENTATION
0 1. 24x7 CLEAN ENERGY
14 Grow Customer
Base, Offerings, &
Emphasize
Electrification
• Be the Supplier of Choice; attract and retain DA
customers
• Maintain competitive rates; increase customer
offerings and demand side programs
• Expand value proposition emphasizing
electrification
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PRESENTATION

02. CUSTOMER BASE & ELECTRIFICATION
Accelerate
deployment of
currently adopted
decarbonization
strategies and goals;
evaluate and
capitalize on the
Inflation Reduction
Act to further
improve programs
• Evaluate clean energy asset ownership to structurally lower costs and lower risk
• Grow our capacity and deploy programs at a much larger scale
• Operationalize equity into programs; utilize SEVI framework in double-down programs
• Assist member agencies evaluating IRA decarbonization policies and program impacts
• Evaluate policies related to the utilization of organized labor in utility-scale projects and decarbonization programs and present options to the Board
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PRESENTATION

03. INFLATION REDUCTION ACT
Leverage Balance
Sheet for Structured
Financing and use
financing solutions to
increase impact of
decarbonization
program offerings,
especially to lower-income customers
• Continue building strong financial reserves
• Attract and retain DA customers
• Strategically use balance sheet to advance
our mission; providing innovative financing
solutions to customers, particularly to reach
those with barriers to conventional
programs (e.g., low income, renters)
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PRESENTATION
Q 4. FINANCE
17 Be The Employer
of Choice, &
Increase Staffing
• Attract and Hire New Employees, passionate
about our mission and with excellent job
knowledge
• Build and maintain a high-performance
agency; preserve start-up culture of employee
innovation, engagement, and collaboration
• Develop plans for remote, hybrid and in-person work
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PRESENTATION
0 5. EMPLOYEES
18 New SV Clean Energy
PowerPoint Template
Subtitle
Item 5

PRESENTATION

SILICON VALLEY

CLEAN ENERGY
Amrit Singh
Executive Committee
May 26, 2023
FY 23-24 Budget
Framework
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Purpose

PRESENTATION
Discuss Budget Framework
Seeking high-level feedback/validation
on principles and assumptions
Budget numbers to be computed in
July based on feedback
Methodology could be tweaked if
results from actual numbers in July do
not align with expectations
Main Areas of Discussion

1. Revenue Modeling
PCIA and PG&E Gen Rate
Uncertainty
2, Reserve Targets

3. Customer Discount Rate,
Additional Funding for Programs
and Set Aside for Reserves

4. Power Supply Costs

5. Other Cost Drivers
Office Space
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FY23-24 Budget will be ready for Discussion in August
May 12 May/June August (tbd) August 9
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Revenue Forecast Depends on PG&E Generation and PCIA Rates PG&E Generation
Rate: 14.96 C/kWh
4% SVCE discount J
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* Power Charge Indifference Adjustment (PCIA) is a
charge our customers pay to PG&E such that they can
recover commitments made on behalf of the customer
when they were part of PG&E’s portfolio.

Issue: Rate Uncertainty Staff
Recommendation
Implications/Reasons
PG&E issued 2023
ERRA forecast on May
15 with preliminary
2024 PG&E generation
and PCIA rate forecasts
PG&E will update this
forecast in the fall.

CPUC normally adopts
the rate in December
based on this update
Given the high volatility
in power prices, when
staff prepares the
Budget in July, the
PG&E estimate will be
outdated
Use latest market
data in Cal-CCA
NewGen model
after calibrating
the NewGen
model to PG&E’s
forecasted rates
Likely aligns revenues
closer to rates that PG&E
will update in October
Better aligns revenues with
power supply costs
Primarily for budget setting
purposes
Additional expenditures
based on headroom
projections can be made
by the Board in December
when actual PG&E and
PCIA rates are known
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Current 2023 Rate vs PG&E 2024 ERRA Forecast
PG&E filed it’s forecast of 2024
Rates on 5/15/23 Current 2023 Rate* ERRA Forecast 2024 Rate** PG&E Gen Rate decreased
~-
3%
PCIA reduced from positive

0.28 c/kWh to negative -0.62
C/kWh
PG&E ERRA forecast is based
on 3/27/2023 forward market
prices
Represents weighted average
customer billing rate decrease
of -3% from 14.36 4/kWh to

13.95 C/kWh
SVCE gen rate is higher than
Customer Billing Rate due to
negative PCIA
SVCE gen rate up ~3.5%
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' Scuree: PG&E 2023 Average Rate, effective January t. 2023 (Weighted lor SVCE Portfolio Load) " PG&E 2024 ERRA Forecast, released on I5lh of May,2023 (Weighted lor SVCE portfolio Load) Above margin analyses ignores minor reductions tor franchise fees '0.09 c/kWi) PG&E Gen Rate:

14.96 <t/kWh
4% SVCE discount
PG&E Gen Rate:

14.54 <t/kWh
4% SVCE discount
(Illustrative)
PCIA -0.62
C/kWh
SVCE
Gen
Rate

14.57 <t/kWh
Item 5

PRESENTATION
PG&E 2024 ERRA Forecastvs NewGen Model Run
Using 3/27/2023 Forward Prices
ERRA Forecast 2024 Rate* NewGen Model 2024 Rate**
NewGen Model
has approximately
3 - 5% modeling
error
PG&E Gen Rate:

14.54 C/kWh
4% SVCE discount T
(Illustrative) I
"PG&E 2024 ERRA Forecast, released on 15th of May,2023 (Weighted for SVCE Portfolio Load)
"""Using NewGen Model (version 3.4) with 3/27/2023 Forward Curves (Weighted for SVCE Portfolio Load)
Above margin analyses ignores minor reductions for franchise fees (0.09 C/kWh) PG&E Gen Rate:

15.28 <t/kWh
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Current
Gen Rate

PG&E ERRA
Forecast
(3/27/23)
NewGen
Run
(5/11/23)-
No Haircut
NewGen
Run
(5/11/23)-
5% Haircut
NewGen
Run
(5/11/23)-
10% Haircut
PG&E Gen Rate (₵/KWH) 14.96 14.54 14.21 13.50 12.79
Customer Rate Discount*** -4% -4% -4% -4% -4%
Customer Billing Generation Rate 14.36 13.95 13.65 12.96 12.28 PCIA (₵/KWH) 0.28 -0.62 0.93 0.89 0.84
Headroom (₵/KWH) 14.08 14.57 12.71 12.08 11.44
Headroom Delta from Current Rates 0% 3% -10% -14% -19%
Estimated 2024 $M Delta from Current
Rates - 17.3 (48.8) (71.4) (94.0)
* Source: Official PG&E Rates for 2023 (Weighted for SVCE Portfolio Load) ** Source: PG&E 2024 ERRA Forecast released on May 15 and NewGen model runs (Weighted for SVCE Portfolio Load) *** Customer discount for 2024 is illustrative and will be determined later this year.

Note: 1% discount represents ~ $4.6M at current estimated 2024 rates CY 2023* CY 2024**
Item 5

PRESENTATION
C-) Market Prices Since PG&E’s ERRA Forecast Date has Dropped On average, prices are down
"10%
Reduces SVCE headroom
from current rates by ~14-19%
Based on 5/11 market prices
Budget will be based on
market prices in July
Prices are extremely volatile;
RPS premium and RA prices
difficult to estimate
Like last year, staff
recommends adjusting
NewGen Model results by 10%
to account for modeling error
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Ensure SVCE maintains sufficient
reserves to manage risks such as those
modeled under the Stress Test analyses
Staff will update the stress test analyses
in July using market prices consistent
with those used to develop the annual
budget
Target to keep reserves above 120 Days
Cash On Hand (DCOH) for FY 2023-
2024 and FY 2024-2025
Reset Upper Reserve Target such that
over the next 5 fiscal years reserves do
not fall below 90 DCOH
FY 24 margins not guaranteed
given true-up in 2023 for PCIA
and PG&E Gen rate
If adverse conditions
materialize, need 120 days to
reshape strategy and secure
additional liquidity
Increase upper reserve target
to take advantage of good
margin years to manage risks
over 5-year period
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Additional Funding for Programs, Customer Discounts,
and Building Reserves
1% customer discount over 12 months of
2024 is "$5 million*
1% discount over 9 months (Jan -Sep
2024) ^$3.5 million*
Monthly Average Bill Savings of 1%’
Discount:

Residential - ~$0.67
Small Commercial - *“$2.41
Medium Commercial -^$26.58
Issue: Balancing
Priorities
Staff Recommendation Implications/Reasons
Continue to provide
competitively-priced and
high-valued services to
SVCE customers
Funds not needed to
cover cost-of-service flow
to customers via lower
SVCE rates (discount to
comparable PG&E rates)
Cost-of-service includes
funds needed to cover
operations, meet reserve
targets, and fund
decarbonization programs
To be developed later after
completing the budget analysis
Likely to keep current discount
through the end of this year
Set a preliminary discount for
next year
Board can change the budgeted
discount rate once actual PG&E rates
are known towards the end of the
year
Staff plans to present several options
to the Board on different levels of
discount rates, additional spending
on programs, and set aside for
reserves
Reaching new target
reserve levels ensures
SVCE can withstand
adverse risk scenarios
Keeping the discount
rate to a reasonable
level
Enables additional
funding for valued
customer programs
such as
decarbonization
efforts
Ensures there’s more
organizational
resiliency to respond
to risks over the 5-yr
planning horizon
* Based on 4/27/23 Forward prices 10
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Power Supply Expenses
(>90% of Expenses)
Issue: Volatile Power Prices Staff Recommendation Implications/Reasons Power prices are near record high levels
and are very volatile
In addition to PG&E Gen Rate and PCIA
uncertainty, power price volatility makes
energy budget projections highly uncertain
Budget will be developed based on a
snapshot of market prices in July
Currently hedged "79%
Remaining 21% exposed to volatile market
prices
Contract delays/renegotiations further add
uncertainty
Resource adequacy requirements are
changing, and costs are high, but more
hedged next year
Continue hedging to current ERM
(Energy Risk Management) targets
Continue with SVCE’s 100% clean policy
Maintain a high customer value
proposition with 100% clean
energy and serve SVCE’s
mission
Furthers SVCE focus toward
24x7 clean energy goal
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Other Costs
(Staffing, Cost of living/Merit, Operations)
Status Staff Recommendation Implications/Reasons
Review and assess staffing in all
areas of the organization
10 new budgeted positions
added in the FY22-23 budget
12 new staff hired since Sept
2022
5 remaining vacancies
Adjust employee salaries for
cost-of-adjustment and
merit/promotions
Review existing employee
benefits to remain competitive
with peer CCAs
Decarb Programs continue to
ramp -quantity of rebates /
scope of outreach
Current budgeted headcount of 49
Directors are being surveyed for future
staffing needs
Adjustment for COLA
Consider basing on 6-month (Jan - June
2023) rolling average of SF Bay Area CPI-current trailing 6-mo average is 5.48% CEO discretion applied depending on
employee pay relative to market range,
performance, and date of hire
Any additional increases for merit and
promotions based on CEO discretion
Employee benefits -to be reviewed/
updated during budget process
Evaluate staff levels needed to:

Scale up programs team
Reduce high level of existing employee workload
Advance strategic focus area goals
Create organizational depth for business continuity
Sustained investments in cybersecurity
preparedness and business process optimization
projects
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Currrent Lease Details
Monthly Lease Cost 5.30 $/sf
Size 7,900 sf
New Lease Assumptions
New Monthly Lease Cost 7.50 $/sf (est)
Purchase Assumptions
Purchase Cost 700 $/sf (est)
Improvement Cost 100 $/sf (est)
Office Assumptions
Size 20,000 sf (est)
Location for Comps*
* further analyses to include broader service territory Sunnyvale, Mtn View, Santa
Clara, San Jose
Item 5

PRESENTATION
SVCE Office Space - Lease vs Buy
Issue: Financial Stewardship Staff Recommendation Implications/Reasons SVCE’s current lease runs
through Sept. 2025
Need time to explore
the alternatives of
buying or leasing new
space
SVCE should be prepared to
pursue attractive property
opportunities as they arise
Research alternatives
and establish an ad hoc
Committee to advise staff
and evaluate property
and financing options
Buying may be a cheaper
longer-term option
Initial back-of-the-envelope analysis
indicates a roughly 10-
year breakeven period
compared to leasing
SVCE is growing and requires
more space for employees and
expanded programs
Purchasing also enables
customization to suit the hybrid
work environment
Flexible workspace for
collaborative work
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Next Steps
Update revenue and energy cost forecasts using
the latest prices
Develop recommendations with some options for:

May 12 May/June August (tbd) August 9
High-level Budget Budget Framework Present Draft Present Draft Framework Discussion Discussion with Budget to Finance Budget to BOD with Finance and Executive Committee & Admin Comm y
Customer Discount Levels Admin Committee
Additional funding for Programs
Late August Sept. 13 March 2Q24
Set aside for Reserves
Staffing Needs
Incorporate Present Recommended Mid-Year Budget
Changes based Budget to BOD. Adopt Review/ Adjustment
on BOD feedback updated Strategic Plan
Employee Cost of Living, Merit, and Benefits adjustments Present draft budget for Finance Committee review in early August and then to the Board Recommend the Board adopt the budget in September
14 Item 5

PRESENTATION
Thank you! / Questions?
15 Current Gen
Rate

PG&E ERRA
Forecast
(3/27/23)
NewGen
Run
(3/27/23)-
No Haircut
NewGen
Run
(3/27/23)-
5% Haircut
NewGen Run
(3/27/23)-
10% Haircut
NewGen Run
(5/11/23)-
No Haircut
NewGen
Run
(5/11/23)-
5% Haircut
NewGen Run
(5/11/23)-
10% Haircut
PG&E Gen Rate (₵/KWH) 14.96 14.54 15.28 14.52 13.75 14.21 13.50 12.79 Customer Rate Discount*** -4% -4% -4% -4% -4% -4% -4% -4% Customer Billing Generation Rate 14.36 13.95 14.67 13.93 13.20 13.65 12.96 12.28 PCIA (₵/KWH) 0.28 -0.62 -0.30 -0.29 -0.27 0.93 0.89 0.84 Headroom (₵/KWH) 14.08 14.57 14.97 14.22 13.47 12.71 12.08 11.44 Headroom Delta from Current Rates 0% 3% 6% 1% -4% -10% -14% -19% Estimated 2024 $ Delta from Current Rates - 17.3 31.5 4.8 (21.8) (48.8) (71.4) (94.0) CY 2023* CY 2024**
Current
Gen Rate

PG&E ERRA
Forecast
(3/27/23)
NewGen
Run
(3/27/23)-
No Haircut
NewGen
Run
(3/27/23)-
5% Haircut
NewGen
Run
(3/27/23)-
10% Haircut
NewGen
Run
(5/11/23)-
No Haircut
NewGen
Run
(5/11/23)-
5% Haircut
NewGen
Run
(5/11/23)-
10% Haircut
PG&E Gen Rate (₵/KWH) 14.96 14.54 15.28 14.52 13.75 14.21 13.50 12.79 Customer Rate Discount*** -1% -1% -1% -1% -1% -1% -1% -1% Customer Billing Generation Rate 14.81 14.39 15.13 14.37 13.61 14.07 13.37 12.66 PCIA (₵/KWH) 0.28 -0.62 -0.30 -0.29 -0.27 0.93 0.89 0.84 Headroom (₵/KWH) 14.08 15.01 15.43 14.66 13.88 13.14 12.48 11.83 Headroom Delta from Current Rates 0% 7% 10% 4% -1% -7% -11% -16% Estimated 2024 $ Delta from Current Rates - 32.8 47.8 20.3 (7.1) (33.6) (57.0) (80.4) * Source: Official PG&E Rates for 2023 (Weighted for SVCE Portfolio Load) ** Source: PG&E 2024 ERRA Forecast released on May 15 and NewGen model runs (Weighted for SVCE Portfolio Load) *** Customer discount for 2024 is illustrative and will be determined later this year.

Note: 1% discount represents ~ $4.6M at current estimated 2024 rates CY 2023* CY 2024**
Item 5

PRESENTATION
CD Additional Headroom Analyses
Table 1: Illustrative Customer Discount at 4%
Table 2: Illustrative Customer Discount at 1%
16 SVCE PG&E SVCE PG&E SVCE PG&E SVCE PG&E
Rate Schedule (eff. Jan 1, 2023) E-TOUC E-TOUC B-1 B-1 B-10 B-10 B-19S B-19S Average Usage (kWh/month) 491 491 1,851 1,851 19,390 19,390 148,625 148,625 Annual Peak Demand (kW) 499 499
PG&E Electric Delivery $ 93.36 $ 93.36 $ 334.88 $ 334.88 $ 3,484.91 $3,484.91 $18,457.74 $18,457.74 Electric Generation $ 71.63 $ 76.66 $ 258.55 $ 276.71 $ 3,319.99 $3,550.05 $20,835.80 $22,292.26 PG&E Added Fees (PCIA, Franchise) $ 1.96 $ - $ 7.09 $ - $ 91.06 $ - $ 564.78 $ - Average Total Cost $ 166.95 $ 170.02 $ 600.52 $ 611.59 $ 6,895.96 $7,034.96 $39,858.32 $40,750.00 Average Monthly Savings $ 3.07 $ 11.07 $ 139.00 $ 891.68 Residential Small Commercial Medium Commercial Large Commercial Item 5

PRESENTATION
O Typical Customer Bill Savings
(Current Rates)
17 Item 5

PRESENTATION
Current Energy Hedge Levels
Hedged 79% for FY24
Table 1Calendar Year Energy NOP Tolerance Bands
Period* Minimum
Tolerance
Maximum
Tolerance
Prompt Quarter 85% 110%
Current Balance
of Year
80% 110%
Year 2 70% 90%
Year 3 55% 80%
Year 4 50% 80%
Year 5 50% 80% 20%
0%
2023 Q 2023 2024 2025 2026 2027
Base ^■Tolerance Range -CHContracted
18 SILICON VALLEY CLEAN ENERGY
MY 2022-23 OPERATING BUDGET
($ in thousands)
MY 2022-23

ADJUSTED

DESCRIPTION BUDGET

ENERGY REVENUES
Energy Sales 522,853
Green Prime 1,055
Other Income 50
TOTAL ENERGY REVENUES 523,958

ENERGY EXPENSES
Power Supply 392,436
OPERATING MARGIN 131,522

OPERATING EXPENSES
Data Management 3,413
PG&E Fees 1,470
Salaries and Retirement 11,285
Professional Services 8,016
Marketing & Promotions 862
Notifications 131
Lease 525
General & Administrative 1,857
TOTAL OPERATING EXPENSES 27,559
OPERATING INCOME (LOSS) 103,963

NON-OPERATING REVENUES
Interest Income 3,870
Grant Income 0
TOTAL NON-OPERATING REVENUES 3,870

NON-OPERATING EXPENSES
Financing 3
Interest 0
TOTAL NON-OPERATING EXPENSES 3

TOTAL NON-OPERATING INCOME
(EXPENSES) 3,867
CHANGE IN NET POSITION 107,830

CAPITAL EXPENDITURES, INTERFUND

TRANSFERS & OTHER
Capital Outlay 200
Transfer to CRCR Fund 0
Transfer to Program Fund 9,765
Nuclear Allocation 1,900
Multi Family Direct Install Program 9,500
Electrification Discount Program 9,500
Customer Bill Relief 3,600
Other 0

TOTAL CAPITAL EXPENDITURES, INTERFUND
TRANSFERS & OTHER $34,465
BALANCE AVAILABLE FOR RESERVES $73,365
Item 5

PRESENTATION
2022-2023 Mid¬
Year Operating
Budget
19 • Subtitle
New SV Clean Energy
PowerPoint Template
Item 6

PRESENTATION
FutureFit Homes

SILICON VALLEY

CLEAN ENERGY
Executive Committee Meeting
May 26, 2023
•
•
•
Item 6

PRESENTATION
CD FutureFit Homes
Provide rebates for HPWH, HP HVAC, panel upgrades, pre-wiring for future electric appliances, and removal of the gas meter Objectives:

Support whole-home electrification by addressing key financial and technical barriers Provide services to support incentive layering and develop electrification roadmaps Target Audience: Residential
Single-family homes, ADUs, and small multi-family properties Item 6

PRESENTATION
Oct 2022 Jan 2023
Rebates go live FULL LAUNCH
Soft launch approach Increased marketing
& outreach
May 2023
Expanded income-qualified eligibility
3 0
25 50
75 100
125
150
175
200
Oct Nov Dec Jan Feb Mar April
Prewire
Panel

HP HVAC
HPWH
Item 6

PRESENTATION
Q) Strong rebate uptake!
$1M of $2M incentive budget currently reserved across 225 customers; $164K rebates already claimed across 65 customers
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4 Item 6

PRESENTATION
Uptake driven by awesome marketing & outreach
Targeted emails, social
media posts, Earth
Month flyers, & more! L
Dear Silicon Valley Clean Energy Customer,
Learn more
Share
it Homes Program
':l.

FutureFit Homes Program
Learn More

I VALLEY
ENERGY
You've already taken an important step by going electri If you haven't already, you can take it a step further by electric at home and upgrading to clean, efficient, all-el appliances. As a customer of Silicon Valley Clean Energ. electricity provider, you can receive rebates of up to $8 replacing you gas water heater and gas furnace with ef
electric heat pump appliances through the FutureFit Ho
Program.

GET
PUMPED

FOR HEAT
PUMPS!
Upgrade your home
appliances today!
rA L,ke rj Comment
Item 6

PRESENTATION
O Expansion of income-qualified eligibility
Previously: Income-qualified =
CARE/FERA customers
CARE <$55,500 for family of 4
Now: Income-qualified = 80% of AMI
80% Santa Clara AMI < $132k for family of 4
Appliance SVCE Standard Rebate SVCE Income-Qualified Rebate HPWH $2,000 for gas replacement
$1,000 for electric replacement
$3,000 for gas replacement
$2,000 for electric replacement
HP HVAC $2,500 $3,500
Panel upgrade $1,000 $2,000
Prewiring $500 per circuit, up to $2,000 total $750 per circuit, up to $3,000 total Gas meter removal $500 $1500
Max Total $8,000 $13,000
6 •
•
•
•
•
Item 6

PRESENTATION
Ongoing program adjustments
Continuous improvements based on
observations and feedback:

Clarifications on prewiring
Updates on new incentive offerings
Tracking referral pathways
Retroactive application for emergency replacements
Translating program website & materials
7 Item 6

PRESENTATION
Check out our rebates today!
Visit SVCIeanEnergy.org/home-rebates/
LSMAftOL Ti6ng V4< Key Documents MoeUngs & Ageodau I
AASILICON VALLEY VI/ CLEAN ENERGY ABOUT US- GOELECTRIC - REBATES A OFFERS. RATES A BILLING. 8

Silicon Valley Clean Energy Executive CommitteeMay 26, 2023

Silicon Valley Clean Energy Executive Committee
May 26, 2023