Silicon Valley Clean Energy Board of Directors
April 10, 2024

Staff Report – Item 1g
Item 1g: Receive Update on California Electric Vehicle Infrastructure Project 1.0 (CALeVIP) Program Budget Reallocation
From: Monica Padilla, CEO
Prepared by: Justin Zagunis, Director of Decarbonization Programs and Policy Hannah Gustafson, Senior Programs Specialist
Date: 4/10/2024

RECOMMENDATION
Receive an update on the reallocation of the remaining transportation electrification program budget from the California Electric Vehicle Infrastructure Project 1.0 (CALeVIP) to the EV Charging Installation Incentive Program (CHIIP) and Priority Zone DC Fast Charging 3.0 (PZDCFC) Programs. No action is required.

BACKGROUND
In 2019, the SVCE Board of Directors approved $6 million in match funding to join the CALeVIP 1.0 initiative to accelerate regional EV charging infrastructure deployment. The California Energy Commission (CEC) provided an additional $6 million towards this program with a combined goal of installing roughly 85 DC fast charging (DCFC) stations and 1,100 Level 2 charging stations across SVCE territory by mid-2025. Since the CALeVIP program launched at the end of 2020, 10 DCFC stations and 247 Level 2 charging ports have been installed in SVCE territory, with more sites still reserved or under construction.

In June 2023, the CALeVIP program closed to new applications, as the CEC began implementing its plan to fully sunset this program statewide by September 2025. Some funds dedicated to SVCE’s service territory remained unreserved as of June 2023, although projects with previously reserved incentives can continue construction and submit rebate claims until March 2025. SVCE currently estimates that approximately $2.4 million of SVCE’s contribution will be spent – mostly on project incentives and a portion on program administration - while $3.6 million will remain unspent and can be reallocated to other SVCE EV charging incentive programs. Of the $6 million contributed to SVCE’s service territory by the CEC, SVCE currently estimates that approximately $5.1 million will be spent by the time the program is closed.

ANALYSIS & DISCUSSION
The CALeVIP program has had a series of successful DCFC and L2 charger installations. To date, 10 DCFC stations and 247 L2 charging ports have been installed across SVCE territory, alongside a massive roll-out of similar stations across Santa Clara and San Mateo counties. As of March 2024, there are an additional 57 DCFC and 216 L2 stations with funds reserved through the program and SVCE continues to monitor the status of these working with the statewide third-party program administrator. At its completion, CALeVIP will have substantially increased the population of public and shared EV charging, adding to the previously existing pool of 256 DCFC and 479 L2 public chargers in SVCE territory at the end of 2020, according to the Alternative Fuels Data Center.

However, there have been some challenges across the state in the roll-out of the CALeVIP program in its 13 regions. The program’s approach of reserving funds on a first-come-first-served basis led to full subscription on the day the program launched. Due to delays in the implementation of projects, partially attributable to Item 1g
SILICON VALLEY \3/ CEAN ENERGY
Agenda Item: 1g Agenda Date: 4/10/2024

COVID and related supply chain delays, among other challenges, significant numbers of the applications received initially dropped out or were canceled during the program lifecycle. These dropouts were replaced with projects in the existing waitlist, but many of those projects also cancelled for similar reasons. This turnover resulted in funds left over when the program closed to new applications on June 2023. Some of the challenges faced by CALeVIP locally and state-wide were unforeseen and some were raised by SVCE during the design process; however, SVCE was limited in our ability to drive changes to the program model since we were joining onto an existing, state-driven program.

As of March 2024, SVCE estimates the program will end with $3.6 million in unspent SVCE funds allocated to CALeVIP; the exact amount remaining may vary depending on trailing costs expected for the third-party implementer’s administration of the program and on applications that are canceled or adjusted between now and the program’s end date. SVCE is reallocating the remaining $3.6 to two other EV charging incentive programs, the Charging Installation Incentives Program (CHIIP) and the Priority Zone DCFC (PZDCFC) program. These programs align with the intent of CALeVIP and are more directly controlled by SVCE. Both programs are already in progress, so the additional funding will be rapidly made available and translate into projects quickly. These program designs took advantage of lessons learned from CALeVIP and are more targeted towards improving multifamily resident EV charging access. Staff currently intends to add funding to each program as shown in the table below.

Program Current
Budget
Additional
Budget Added
from Unspent
CALeVIP Funds
Program Description
Charging
Installation
Incentive
Program (CHIIP)
$1.4M +$2.5M
Launched in June 2022, CHIIP currently offers incentives for EV charging infrastructure installed in multifamily properties. Eligible sites can access rebates for Level 1 and Level 2 charging equipment, panel upgrades, and pre-wiring for future charging installations. To date, 18 Level 2 EV chargers and 32 Level 1 outlets have been installed at 5 multifamily properties. The program has approved applications for an additional 72 L1 ports and 119 L2 ports to be installed across 21 multifamily properties in 2024.

An additional $2.5M in funding will allow an additional 50-60 multifamily properties to install charging on-site for residents.

Priority Zone DC
Fast Charging
(PZDCFC) 3.0
$875K +$1.1M
The PZDCFC program incentivizes fast charging stations near high-priority and high-density multifamily buildings in communities where currently little-to-no local access to DCFC technology exists. SVCE is working with selected EVSE vendors to explore opportunities for discounted charging pricing for multifamily residents living nearby. The current PZDCFC Program, launched in July 2022, provided $500K for 10 DCFC ports across 4 sites in SVCE territory. All chargers are expected to be active by June 2024.

An additional $1.1M for the next iteration of this program could fund an additional 20-22 DCFC ports.

The reallocation of CALeVIP funds to these active SVCE programs is the most seamless way to deploy the funding in support of the objectives originally authorized by the Board. SVCE’s existing programs are the best opportunities to install chargers in our service territory rapidly. Staff is sharing this update on reallocation with the Board for awareness. As the CALeVIP program draws to a close and final projects are completed, the exact total for unspent funds may be slightly different than presented herein, but the final allocations to each program will be similar to what is shown in the table above. The final, specific reallocations will be shared with the Board in future Decarbonization Strategy and Programs Quarterly Reports.

STRATEGIC PLAN
This update aligns with SVCE’s Strategic Plan Goal #14: Coordinate development of decarbonization and resilience strategy, lead design of local policy, and design and deploy programs; Measure #2, lead programs Item 1g
Agenda Item: 1g Agenda Date: 4/10/2024

on decarbonization focus areas (including topics of mobility, built environment, energy efficiency, innovation, and resilience).

FISCAL IMPACT
There is no fiscal impact associated with reallocating the remaining CALeVIP incentive funds towards SVCE’s other electric vehicle infrastructure incentive programs, CHIIP and PZDCFC. These funds have already been authorized and committed by the SVCE Board and are captured in the current budget.

Item 1g

Staff Report – Item 1h
Item 1h: Receive Updates to Street Light (SL) and Traffic Control (TC) Rate Components From: Monica Padilla, CEO
Prepared by: Peyton Parks, Energy Services Lead
Kaley Dodson, Energy Services Specialist
Date: 4/10/2024

RECOMMENDATION
Receive updates to the Street Light (SL) and Traffic Control (TC) rate components to bring them into alignment with Silicon Valley Clean Energy (SVCE) Board of Directors adopted a four percent discount policy.

No action is necessary.

BACKGROUND
At the December 13, 2023 meeting of the SVCE Board adopted a four percent generation rate discount relative to Pacific Gas & Electric (PG&E) for calendar year 2024. Following this direction, SVCE staff provided a full accompaniment of final SVCE generation rates for the Board’s approval at the January 10, 2024 meeting.

Since then, staff identified a small error in the calculation of SVCE’s generation rate for all Street Light (SL-1, SL-2, SL-3, OL-1) and Traffic Control (TC-1) schedules. As a result, SVCE’s generation rate component needs to be amended to maintain the BOD-approved four percent discount for these rates.

SL and TC rates are SVCE’s smallest rate classes. The owners of these types of outdoor lighting accounts are almost exclusively SVCE’s city partners.

ANALYSIS & DISCUSSION
When formulating SVCE’s generation rates, PG&E’s generation rates first need to be combined with their corresponding bundled Power Cost Indifference Adjustment (PCIA). The combination of PG&E’s unbundled generation rates with Franchise Fee Surcharge (FFS) and PCIA fees represents the total cost of PG&E’s generation service, which is then used to calculate SVCE’s discounted rates. In this case, the formula used for the calculation of these two rate classes did not include PG&E’s bundled PCIA, resulting in an eight percent discount. Therefore, our city partners effectively received a small additional discount for the first three months of this year.

STRATEGIC PLAN
Alignment of rates is reflected in SVCE Strategic Plan Goal 12 – “Enact and maintain competitive service offerings for SVCE customers that deliver measurable economic and environmental benefits.”

FISCAL IMPACT
This error led to an under-collection for these rates of about $28,000 for the first 90 days of the calendar year.

Item 1h
SILICON VALLEY \3/ CEAN ENERGY
Agenda Item: 1h Agenda Date: 4/10/2024

Rate Name Old Rate Corrected Rate Difference Load Jan-Mar Fiscal Impact SL .12256 .12843 .00587 692,416 $4,064
TC .13096 .13788 .00692 3,444,525 $23,826

ATTACHMENTS

1. Voided SL/OL and TC SVCE rate sheet

2. Updated SL/OL and TC SVCE rate sheet
Item 1h
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, $ 0.12256 $ 0.13212 $ 0.13763
LS-3, OL-1
TC-1 Year-round $ 0.13096 $ 0.14224 $ 0.14817 Rates applicable to all usage throughout the year GreenPrime + $ 0.01500 Same as applicable rate, with 0.015/kWh adder for 100% Renewable energy 1 SVCE Generation Rates, without added PG&E fees, effective 2/1/2024 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 2/1/2024 3 PG&E Generation service rate effective 1/1/2024
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 Rates applicable to all usage throughout the year 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. VOID Item 1h
Attachment 1
©

SILICONVALLEY

CEAN ENERGY
1 1
1 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, $ 0.12843 $ 0.13799 $ 0.14374
LS-3, OL-1
TC-1 Year-round 0.13788$ $ 0.14916 $ Rates applicable to all usage throughout the year 0.15538 GreenPrime 0.01500+ $ Same as applicable rate, with 0.015/kWh adder for 100% Renewable energy 1 SVCE Generation Rates, without added PG&E fees, effective 4/1/2024 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 4/1/2024 3 PG&E Generation service rate effective 1/1/2024
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 Rates applicable to all usage throughout the year 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.

Item 1h
Attachment 2
©

SILICONVALLEY

CEAN ENERGY
1 1
1

Staff Report – Item 1i
Item 1i: California Community Power Report
To: Silicon Valley Clean Energy Board of Directors
From: Monica Padilla, CEO
Date: 4/10/2024
Per direction from the SVCE Board on December 9, 2020 for the CEO to provide a report of the ongoing activities of California Community Power (CC Power) after each of its meetings, this is to report CC Power held a regular board meeting on Wednesday, March 20, 2024.

Attached is a summary report from General Manager Alex Morris; materials from the March board meeting can be found here on the CC Power website: CC Power Meeting, 3/20/24 The next meeting of the board will be April 17, 2024 at 1:00 p.m.; meeting materials can be found on the CC Power website: https://cacommunitypower.org/meetings/
ATTACHMENTS:

1. CA Community Power Board Meeting Summary from General Manager Alex Morris, March 20, 2024 Item 1i
SILICON VALLEY \3/ CEAN ENERGY

!"#$ %& '( ) $""*#+,-$.!/$!0
& 1$+# $.!2 &0# , .3$2 ""4!2 !5 %#!6 %$2 %$""*#+, 7#!0, ) %6#$.!8 ) 72 , %$""*#+, 7#!0, ) %7 ) #+#2*6 %6# 7#!0, ) 9:.$$: %$2 7#!0, &*3$!+, ) # 1$2; %6# 7#!0, ) +6+ $# <66, %6# 7#!0, ) $#$" %6# $.! ) <66, %6# 7#!0, =>? @@ ABCDE FBGEH BI JKEDLMBEN GOH PQMDEOGMDN RS=T? UVWXVWY Z[>\? PQD] ^BEEKN _ `DODEGQ ^GOGaDE bcdeTf=? [ghijk il ff mingj [gopqrj dirjs it Rujgvkijw \ggkulo x \rjvy z{| z{z} ~D @@ ABCDE FBGEH BI JKEDLMBEN DQH KMN EDa€QGEQ NLDH€QDH ‚DDMKOa BO ^GEL Wƒ„ WƒWY„ KG †BB‚‡
JDMGKQN BO MD FBGEH ˆGL‰DM„ ˆEDNDOMGMKBO ‚GMDEKGQN„ GOH ˆ€ŠQKL LB‚‚DOM QDMMDEN LGO ŠD IB€OH €OHDE MD ^DDMKOaN MGŠ GM MD @@ ABCDE CDŠNKMD‹ ^DDMKOaN GOH PaDOHGN _ LG LB‚‚€OKM ˆBCDE ŒKaQKaMN BI MD ‚DDMKOa KOLQ€HDH MD IBQQBCKOa‹  \rkkgjw wpŽwgpglk ki hiwkulo kyg Soglsr ‘BOD‡ mpŽquv fi’’glk ‘BOD‡  filwglk Soglsr “ ~D FBGEH GˆˆEB DH MD IBQQBCKOa KMD‚N‹ ” ^KO€MDN BI MD •Da€QGE FBGEH ^DDMKOa DQH BO –DŠE€GE W—„ WƒWY‡  ˜glgjrq \rlrogj [ghijk x MD FBGEH DGEH IB€E €ˆHGMDN„ KOLQ€HKOa BO WƒWY“WƒW™ CBE‰ GOH Š€HaDM ˆQGOOKOa„ BO Š€NKODNN ‚GMMDEN„ BO G NKMD“MB€E BI G HEBaDO“LGˆGŠQD DODEa ˆBCDE ˆQGOM„ GOH BO MD šOIQGMKBO •DH€LMKBO PLM AGND WG ›F€KQH“~EGONIDE D]ˆQBEGMKBOœ EBDLM‡  [gopqrj Soglsr žkg’w‹ ” ~D FBGEH EDˆBEMDH MGM MDED CDED OB EDˆBEMGŠQD ‚GMMDEN IEB‚ MD –DŠE€GE W—M @QBNDH ŸDNNKBO‡ ” ~D FBGEH €OGOK‚B€NQ GHBˆMDH  ¡¢£¤¥¦§£¨ ©ª«¬­«¬®¯ °£±±¡¨²§¨³ ´¨² µ¶´¨·§¨³ ¸§¹§¢¶ º´¤´»¶´¨²¹´¨ ¼£¹ ¶§¢ ½¡¹¾§»¡ ¦£ °´¤§¼£¹¨§´ °£±±¥¨§¦¿ À£Á¡¹‡ ‘€‚DEB€N FBGEH ‚D‚ŠDEN LB‚‚DOMDH GOH EDLBaOKÂDH JKEDLMBE FGQGLGOHEGO„ GOH BOD LBOaEGM€QGMBE ˆ€ŠQKL LB‚‚DOM CGN ˆEB KHDH‡ ” ~D FBGEH €OGOK‚B€NQ GHBˆMDH  ¡¢£¤¥¦§£¨ ©ª«¬­«¬©¯ °£±±¡¨²§¨³ ´¨² µ¶´¨·§¨³ ô¦¦¶¡Á ô¹¢¶´¤¤ ¼£¹ ¶§¢ ½¡¹¾§»¡ ¦£ °´¤§¼£¹¨§´ °£±±¥¨§¦¿ À£Á¡¹Ä ‘€‚DEB€N FBGEH ‚D‚ŠDEN LB‚‚DOMDH GOH EDLBaOKÂDH JKEDLMBE ^GENGQQ„ GOH BOD LBOaEGM€QGMBE ˆ€ŠQKL LB‚‚DOM CGN ˆEB KHDH‡ ” ~D FBGEH €OGOK‚B€NQ GHBˆMDH  ¡¢£¤¥¦§£¨ ©ª«¬­«¬­¯ Ų£Æ¦§£¨ £¼ ¸¡¦¦§¨³ Ǧ º¥§¤¦  §³¶¦ ų¹¡¡±¡¨¦¢‡ ~DND GaEDD‚DOMN CDED ˆEBˆBNDH Š ŸMGII GOH G @@ ABCDE Ų È£» @B‚‚KMMDD KO EDNˆBOND MB MD `DMMKOa šM F€KQM •KaM D DOM ›‘B
D‚ŠDE WƒWUœ CDED HKNL€NNKBON BLL€EEDH BO BC MB ŠGQGOLD ‚GO ˆEKBEKMKDN KO ˆEBDLM D GQ€GMKBO„ NDQDLMKBO„ GOH HD
DQBˆ‚DOM„ DML‡‡ –€EMDE„ MDND GaEDD‚DOMN NDD‰ MB DON€ED @@ ABCDE LBONKHDEN GOH HDIDEN MB ‚D‚ŠDENÉ ÊËÌÍÎÏ ÐËÍ ÏÑÒÒÓÔÕ ÖÑÖ×ÑÍÏÉ ØËÙÓÚÓÑÏÛ ÜÝÓÙÑ Item 1i
Attachment 1

Item 1i
Attachment 1

Staff Report – Item 1j
Item 1j: Additional Committee Reports
To: Silicon Valley Clean Energy Board of Directors
Prepared by: Andrea Pizano, Sr. Executive Assistant and Board Clerk Date: 4/10/2024
There are no reports for the Executive Committee, Finance and Administration Committee, Audit Committee, and 2024 Legislative Ad Hoc Committee as they have not met since the last report.

The next meeting of the Executive Committee is scheduled for April 26, 2024 at 10:00am; the Finance and Administration Committee will meet in May based on member availability, the Audit Committee will meet in September based on member availability, and the 2024 Legislative Ad Hoc Committee will meet this month.

Item 1j

SILICON VALLEY

CEAN ENERGY

Staff Report – Item 2
Item 2: CEO Report
To: Silicon Valley Clean Energy Board of Directors
Prepared by: Monica Padilla, CEO
Date: 4/10/2024
REPORT
Staff Updates
Oswaldo Martinez joined the Decarbonization Programs and Policy (DPP) group as a Senior Programs Specialist on March 25, 2024. Oswaldo comes to us from Central Coast Community Energy (3CE) where he led a $7M portfolio of e-mobility customer programs for more than three years. He brings broad experience with strategic planning, design, implementation, and evaluation of programs; customer engagement; and data management and reporting. Prior to 3CE, he worked on habitat restoration, was a CivicSpark Fellow for a municipal water district, and served in the Peace Corps as an environmental educator for primary schools in Nicaragua. Oswaldo holds a B.S. in Earth Systems Science from UC Irvine.

Michael Callahan joined SVCE April 1, 2024 as General Counsel. He will oversee all legal matters to advance SVCE's ambitious decarbonization goals. Prior to joining SVCE, Michael served as Associate General Counsel for MCE, California’s oldest CCA. Michael is passionate about enabling equitable solutions to the climate crisis and enjoys working across teams on complex and novel projects. He has represented California CCAs for nearly 10 years driving statewide leadership on CCA energy policy. Michael got over $200 million in CPUC-funding approved for CCA customer programs, navigated PG&E's most recent bankruptcy, and successfully launched the California Community Choice Financing Authority – the joint power authority that SVCE used to successfully issue prepay bonds.

Michael obtained his J.D. from the University of California, College of Law, San Francisco (formerly UC Hastings) and is licensed to practice law in California. He received a B.S. from UC Davis in Environmental Policy Analysis and Planning.

Raul Hernandez has been promoted from Senior Marketing Specialist to Marketing Lead, where he will add an increased focus on multicultural outreach. This promotion benefits SVCE’s efforts to scale program marketing by leveraging Raul’s bilingual capabilities, years of experience working with Spanish-language and other ethnic media outlets, as well as a personal passion Raul has for serving all members of the community. Raul joined SVCE in May 2022, and since then has led marketing of the successful FutureFit Homes rebate program, which has more than $2 million in rebates reserved and claimed by customers. Raul previously worked for the City of San Jose in the environmental services department, and for San Jose Clean Energy during their startup phase. Prior to that Raul, worked in music industry marketing.

Maren Wenzel has been promoted from Senior Manager of Policy and Regulatory Analysis to Director of Regulatory, Policy and Planning. Maren has been with SVCE since 2021, leading SVCE’s regulatory efforts. Along with SVCE’s Bena Chang, who oversees the legislative and government affairs function, the two will oversee a new department called RPPL (Regulatory, Policy, Planning and Legislative). Maren and Bena have worked well together and aligning the two groups should add to our overall effectiveness in meeting our policy objectives.

Item 2
SILICON VALLEY \3/ CEAN ENERGY
Agenda Item: 2 Agenda Date: 4/10/2024

Personnel Officer Update
SVCE currently has two job postings: Wholesale Energy Markets Planner or Manager and Energy Trading Planner or Manager. Job descriptions and applications can be found on SVCE’s website: Current Job Openings Victory Pass Solar plus Storage Project
On March 29, 2024 Victory Pass achieved Commercial Operation for Delivery (COD), the final step in CAISOs interconnection process. Once COD, the resource will be allowed to sell its various products to CAISO. The resource is a solar + storage asset that is configured as co-located, which means each part of the resources Solar and Battery Energy Storage System (BESS) are scheduled separately but honor the point of interconnection limits that the transmission allows for. The solar is a 200 MW unit, while the BESS is 50 MWs with a 4-hour duration that allows for 200 MWh of discharge. This resource is split 50/50 with 3CE; the term of the contract is 15 years. The project will meet about 8% of SVCE’s load through qualifying renewable energy in addition to helping meet reliability procurement orders. SVCE looks forward to a successful project and congratulates all those involved.

CEO Agreements Executed
The following agreements have been executed by the CEO, consistent with the authority delegated by the Board:
1) Keyes & Fox, Agreement: Legal Representation, not to exceed $8,000 2) SMUD, Task Order 3: Gridshift Program Support, not to exceed $51,000, ends 1/31/2026 3) Tenaska Power Services, Agreement: Scheduling Coordinator Agreement, 3/19/2024 – 12/31/2026, approved by the Board of Directors at the 3/13/24 Board of Directors Meeting 4) Renne Public Policy Group (RPPG), Agreement: Grant Services Bench for Advanced Clean Energy Buildings, Transportation and Innovation Programs and Projects, not to exceed $108,000, March 26, 2024 – March 25, 2025
5) Bluepoint Planning, Agreement: Building Electrification Engagement Services, not to exceed $100,000, April 1, 2024 – April 1, 2027
Item 2

CEO Power Supply Agreements Executed
Counterparty Name Execution/Effective
Date Transaction Type Product Start Date End Date Notional Value Calpine 3/26/2024 Purchase Resource Adequacy 6/1/2024 6/30/2024 $720,250 This agreement is included in the Board packet as Appendix A.

Item 2

SILICON VALLEY

CEAN ENERGY

Presentations & Relevant Meetings Attended by CEO
- Participated in CalCCA Monthly board and executive meetings - 3/20/24, CC Power Board Meeting (meeting report included on Consent Calendar)

ATTACHMENTS

1. Clean Power Update, April 2024

2. Decarbonization Programs Quarterly Report, FY24 Q1 Milestones

3. Energy Services & Community Relations Update, April 2024

4. Regulatory and Legislative Update, April 2024

5. Agenda Look Ahead, April 2024 – August 2024
Item 2
SILICON VALLEY \3/ CEAN ENERGY
• Subtitle
New SV Clean Energy
PowerPoint Template
Item 2
Attachment 1
Clean Power Update, April 2024

SILICON VALLEY

CEAN ENERGY
CEO eort
Clean Power date
SVCE ard Meeting
pr10, 2024
•
•
•
•
•
•
•
•
•
•
•
•
•
Item 2
Attachment 1
Clean Power Update, April 2024
CD Clean ongterPower Agreeents
SACRAMENTO Q g GEOTHERMAL

BATTERY STORAGE
X SA+ STORAGE
X. SAPOWER
• WIND GENERATION
$3.7B+ n commitments
21 s sned
18 new build projects
896 MW of Renewable Power
1,845 MWh of aery Storage
7 Projects now delivering to SVCE
meeting 33of enery needs:

COSO geothermal - anary 2022
Slate ar + Storage -anary 2022
asa Diablo geothermal-September 2022
Mountain View wind -y 2022
Rabbitbrush ar + Storage -October 2022
erraen Wnd -anary 2023
Yellow ne ar + Storage -y 2023
cry ass ar + Storage - March 2024
2 Seller Project Name Technology Generation MW
Storage
MW Storage MWh
Approximate % of Annual
load in 2030
Term
(years)
Lifetime Not to
Exceed Authority
(MM$)
SVCE Board
Approval Status
1 MN8 Slate Solar + Storage 93 46.5 186 6.2% 17 $198 Oct-18 Online 2 Ormat Casa Diablo Geothermal 7 1.4% 10 $43 Feb-20 Online 3 Atlantica Coso Geothermal 43.8 6.1% 15 $331 Mar-20 Online 4 Leeward Rabbitbrush Solar + Storage 40 8 20 2.9% 15 $64 Apr-20 Online 5 NextEra Yellow Pine Solar + Storage 50 26 104 3.8% 20 $128 May-20 Online 6 Avantus Aratina Solar + Storage 80 50 200 6.3% 20 $368 Jun-20 Pre-construction 7 174 Power
Global Atlas Solar 50 3.6% 10 $32 Jan-21 Pre-construction 8 SB Energy Angela Solar + Storage 20 10 40 1.4% 15 $35 Mar-21 Pre-construction 9 AES Mountain View Wind 33.3 3.1% 20 $128 Apr-21 Online 10 Origis San Luis West Solar + Storage 62.5 15.625 62.5 3.9% 15 $132 Apr-21 Pre-construction 11 Clearway Victory Pass Solar + Storage 100 25 100 7.6% 15 $173 May-21 Online 12 Terra-Gen Cameron Crest Wind 77.7 4.6% 15 $150 May-21 Online 13 Rev Renewables Tumbleweed
Long Duration
Storage 15.9375 127.5 15 $100 Feb-22 Construction
14 Onward Goal Line
Long Duration
Storage 14.2 113.6 15 $100 Mar-22 Pre-construction
15 Ormat Geothermal Portfolio Geothermal 16.75 4.2% 20 $256 Jun-22 Pre-construction 16 OME Fish Lake Geothermal 1.82 0.4% 20 $30 Jun-22 Pre-construction 17 AES Baldy Mesa (RA-only) Storage 0 75 300 10 $81 Sep-22 Construction 18 MRP Hanford Thermal + BESS 99.4 131.4 131.4 12 $280 Apr-23 Construction 19 NextEra Grace Solar 120 0 8.3% 15 $286 Aug-23 Pre-construction 20 NextEra Yellow Pine III Storage 0 115 460 15 $420 Aug-23 Pre-construction 21 Pattern SunZia Wind 100 0 0 7.6% 15 $361 Nov-23 Construction Item 2
Attachment 1
Clean Power Update, April 2024
O SVCE ongerClean Energy Contracts
•
•
•
•
•
•
•
•
Item 2
Attachment 1
Clean Power Update, April 2024
Clean Energy esources nline rogress
as of 4/10/2024
2024 -H1 • cry ass ar + Storage: Online and Operating in CAISO Market • ady Mesa ny Storage): Construction mode
2024 -H2 anrd BESS on eaer: Construction mode
2025 -H1 • Goal ne Long Duration Storage: Pre-construction • Aratina ar + Storage: Pre-construction - delayed
• an Luis West ar + Storage: Pre-construction - delayed Atlas ar: Pre-construction - delayed
Yellow ne III Storage: Pre-construction
nea ar + Storage: Pre-construction - delayed
Tumbleweed Long Duration Storage: Construction mode
sh Lake Geothermal: Pre-construction
Ormat Geothermal Portfolio: Pre-construction
SunZia Wnd: Construction mode
race ar: Pre-construction
2025 -H2
2026+
Item 2
Attachment 1
Clean Power Update, April 2024
CA
RPS
Requirements
SVCE rogress Toward S euireents
CALIFORNIA S REQUIREMENTS vs VCE PROJECTED/REALIZED S 40of SVCE’s total load s
2021
2023
Yellow ne I
enmet
y long-term
projects
Rabbitbrush
Mountain View
Diablo
s
Slate
erraen
2025
2030
Item 2
Attachment 1
Clean Power Update, April 2024
Victory ass Solar + Storage
Achieved COD on March 31, 2024
Developer: earay
Riverside ny, CA
PV: 100 MW
BESS: 25 MW
Meets approx. 8% of SVCE’s load
Item 2
Attachment 1
Clean Power Update, April 2024
1,200 E-ELEC
customers
enrolled

DECARBONIZATION PROGRAMS
FY24 Q1 Milestones
Quarterly Report
1,303
EVs enrolled in
GridShift
470
completed
electrification
projects for
FutureFit Homes
Item 2
Attachment 2
DPP Quarterly Update

SILICON VALLEY

CEAN ENERGY
Name Budget Potential Impact Cumulative Impact
To-Date Last Quarter (Update) Next Quarter (Target)
Electrification Rate
Discount $9.5M 5,000 customers enrolled 1,200 enrolled
Reevaluated program via
design review, updating
tracking system
2 awareness campaigns,
targeted outreach,
enrollment of 1,500
customers
CHIIP, including
Affordable Housing
EVI Incentives
$8.9M
25 MUDs with EVI
4,000 L1/L2 chargers at
affordable housing
23 reservations
(198 ports)
3 completed
(18 L2 and 20 L1)
Processed applications and
completed installations Expand enrollment
CALeVIP 1.0 $6M 85 DCFC installed
1,100 L2 installed
10 DCFC installed
227 L2 installed
Continued monitoring
installations
Continue making payments
to DCFC and L2 projects as
they are completed
Community Energy
Resilience $5.15M 13 agencies completeprojects
13 agencies finalized
agreements
Continued monitoring
progress of projects
Develop engagement plan,
develop standardized
EM&V
FutureFit Homes -
Residential
Incentives
$4.05M 750 homes fully/partially
electrified
470 homes
fully/partially
electrified
Continued to see strong
uptake in Q1 FY24, around
$400k in claims
Add induction and increase
flexibility around other
rebates, such as prewiring
& electrical upgrades
Decarbonization
Demonstration
Grants
$3.2M 8 local public facing
electric projects 1 project complete Grantees continue toimplement their projects Prepare for a Summer
release of a new solicitation
for the $10M in new Board-approved funding
Permit
Modernization $3.2M
13 member agencies
improve electrification
permitting
Data gathered for all
13 agencies. Program
just began rolling out
Launched, and began
outreach to member
agencies
Roll out in conjunction with
policy experimentation and
reach code modernization
FutureFit
Fundamentals
Contractor Training
$1.7M 300 contractors trained
500 graduate incentives
138 contractors
completed training
Continued offering online
video training
Increase program
marketing
FutureFit Homes
and Buildings: C&I
and SMB Incentives
$1.25M 20-30 SMBs electrified 2 SMBs fully/partially
electrified
Campaigns sent, first 2
rebates completed and
awarded
Increase outreach and
engagement, particularly
with school districts, and
award 2 more rebate claims
Customer Resource
Center (eHub) $1.1M 1.5M email opens350K unique web visits 313K email opens,
313K web visits, 164
induction cooktop
rebate claims
Sent email marketing, drove
online traffic
100K email opens, 15K web
visits, 50 induction cooktop
rebate claims

PROGRAMS PORTFOLIO
Active Programs
See Glossary for program descriptions. Title links to program homepage (if available).

Quarterly Report
View our active rebates here. 1
FY24 Q1
Item 2
Attachment 2
DPP Quarterly Update

SILICON VALLEY

CEAN ENERGY
Name Budget Potential Impact Cumulative
Impact To-Date Last Quarter (Update) Next Quarter (Target) Go Electric
Advisor $892K
3,600 customers use
hotline, 1,200 use
tech assistance, 350
use electrification
plans
25 customers use
service Soft launched service mid-Q1
Ramp up the service to
generate more customer
demand
Priority Zone DC
Fast Charger
(PZDCFC) 2.0
$875K 10 DCFC installations
near MUD hotspots
4 of 10 ports are
live now (1 of 4
sites)
Waited for project installs Monitor site construction
progress and milestones
FutureFit Assist $725K
60 assessments
36 projects done
250 ports
52 applications Supported additional projects Expand enrollment GridShift EV
Charging $600K
Bill/emissions savings
and load shifting
capacity
1,303 EVs
enrolled
30 charger
rebates
Continued enrolling EVs
Offer an ongoing enrollment
incentive, launch a referral
program, and continue e-mail
marketing
Reach Codes

2.0 $600K
Require all new
buildings to be
emissions-free
13 agencies adopt
electrification
ordinances
Monitor and support agencies
as the Berkeley legal case
evolved (BAAQMD)
Present alternative reach codes
to member agencies
Decarbonization
Engagement
Grants
$442K
5 communities
engage residents on
climate action topics
In progress 5 communities executed
agreements
Work to complete projects,
share during MAWG meetings
Fleet
Electrification $300K
Complete for 5
member agency and
5 SMB fleets
7 fleets in
progress
Supporting fleet
transformations
2-3 agencies anticipate
completing
SV
Transportation
Electrification
Clearinghouse
$150K
Create cohort to
enable equitable
electrification.

In progress Conduct relaunch to assess
how to increase impact Relaunch program
Lights On
Silicon Valley
Power
Supply
Budget
750 SFH and 5 MF
completed 657 enrolled SFH Sunrun continued to enroll andinstall customers Delivery begins SV Building
Electrification
Stronger
Together
$150K
Educate stakeholders
about building
electrification
30 new
stakeholders
engaged to date
Identified renters groups,
workforce, and low-moderate
income individuals as key
stakeholders
Launch engagement incentive
program to invite new feedback
from members of workforce,
housing, and LMI groups on
SVCE programs

PROGRAMS PORTFOLIO
Active Programs
View our active rebates here. 2
FY24 Q1
Item 2
Attachment 2
DPP Quarterly Update
TT
©

SILICONVALLEY

CEAN ENERGY
Name Budget Potential Impact Last Quarter (Update) Next Quarter (Target) Multifamily Direct
Install (TE and BE) $12.5M 300 to 1,000 MF AH unitselectrified Contract with Association for
Energy Affordability (AEA)
approved in December 2023
Convene affordable housing developer
and tenant rights groups to gather
input on program design
Tariffed On Bill
(TOB) Financing $3M 500 to 1,000 customers financeelectrification Supported CPUC Working Group &
Equity Committee with IOUs to
develop Joint Proposal for a TOB
financing pilot
Submit joint proposal to CPUC for
consideration & complete bill savings
analysis for SVCE territory
Innovation Onramp $2.4M
1-2 pilot projects per year that
advance electrification programs
and strategies
Identified theme of application
cycle Open applications for pilot proposals
Existing Building
Policy Experiment $1.9M
Spur action on building
electrification and reduce building
gas combustion
Outreach to member agencies
Roll out in conjunction with policy
experimentation and reach code
modernization
Feasibility
Assessment,
Natural Gas Phase
Out
$300K Complete study that informs local,
regional, and statewide policies Issued RFP and selected vendor Send contract to BOD and beginanalysis

PROGRAMS PORTFOLIO
Planning
View our active rebates here.

Name Budget Summary
FutureFit Homes Heat Pump Water
Heater $1.5M Program closed in December 2022, and active applications were transitioned to FutureFit HomesIncentives program Electric Showcase Awards 2.0 $1.5M 150 applications, 16 winners, $95,000 awarded Reach Codes 2019 $400K Reach Codes 2019 were adopted by 12 of 13 member agencies, and several agencies updated Reach Codes in the 2022 code cycle
Medical Battery Program $200K All 50 batteries are claimed by customers who require electricity for medical devices and are at high risk of power outages
Closed/Inactive
3 FY24 Q1
Item 2
Attachment 2
©
DPP Quarterly Update

SILICONVALLEY

CEAN ENERGY
10/2
12/2
2/23
4/23
6/23
8/23
10/23
12/23
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
Rebates claimed:

Total $ Funds Reserved (in 000s)
0 10 20 30 40
Commercial business
Government
Multifamily
School/Nonprofit
Incentive program for L1 and L2 EV charging
infrastructure at multifamily properties
0 50 100 150 200 250 300 350
HPWH

HP HVAC
Panel Upgrades
Pre-wiring
Meter Removals
Funds Reserved:

Approved Reservations:

Goal:

FutureFit Homes
Provide incentives to residents for electric heat
pump water heaters (HPWH), heat pump HVAC
systems, service panel upgrades, and pre-wiring
upgrades to replace gas appliances.

Future Fit Assist
Assistance in site assessment, preliminary
design, and applying to rebates for charging at
multifamily housing and small and medium
workplace properties.

Cumulative Applications
Charging Installation
Incentive Program (CHIIP)
Number of Claims
PROGRAMS HIGHLIGHTS FY24 Q1
4 $1.36M
$1.32M
23 $883K
35 Sites, 150 ports
Rebates reserved:

Item 2
Attachment 2
DPP Quarterly Update
SILICON VALLEY <3/ CEAN ENERGY
CALeVIP
Level 2 DCFC
0 1
2 3
4 5
6 1 /21
1/23/25/2
7/29/2
1 /2
1/23
3/23
5/23
7/23
9/23
1 /23
1/24
0 50
100
150
200
250
Reserved
Provide incentives for electric vehicle (EV) chargers
as part of a regional program.
= 25 Level 2 Installations
150 Participants Complete
the Course (Phase 1)
Goal:

Funding: $1.5M
Completions
FutureFit Fundamentals
Provide financial relief to contractors by
expanding their knowledge of electrification
technologies.
1K Level 2 + 85 DC Fast
Chargers by 2023
Goal:

Funding: $11.58M
= 5 Participants Complete Course
Funds Issued = 5 DCFC Installations
138
Remaining Funds
Registrations
241
$5.2M
$1.1M $700K
$1.5M
$3.0M
$6M
$4M
$2M
5 PROGRAMS HIGHLIGHTS FY24 Q1
Item 2
Attachment 2
DPP Quarterly Update
**********
**********
**********
**********
S
1/23/25/2
7/29/2
1 /2
1/23
3/23
5/23
7/23
9/23
0 200
400
600
800
1,000
1,200
1,400
9/23 10/23 11/23 12/23
0 50,000
100,000
150,000
200,000
250,000
300,000
350,000
GridShift EV Charging
Managed EV charging app that optimizes charging
to reduce associated costs and emissions.

Charger Rebates Reserved: 30
Number of Enrolled EVs
1,303
Rebate Goal: $30K
Goal: 120 EV Chargers
eHub Report
Online customer resource center to enable
engagement, education and action related to clean
electricity, EVs and home electrification.
= 1 email campaign completed
313,932
27,335
Unique Visits Return Visits
FY 22-23
6 PROGRAMS HIGHLIGHTS FY24 Q1
Website Visit Goal:

Reach 350K Unique Visitors
Conduct 6 email campaigns
Email Goal:

Item 2
Attachment 2
DPP Quarterly Update

A A A A A A A A
AiAAAA A A A

A A A A A A A

AAAAAAAA

AAAAAAAA

A A A A
Built Environment
Community Energy Resilience: Resources (grants) and tools for member agencies to increase individual and collective capacity to adapt to future power outages.

Electric Showcase Awards 2.0: Award program to recognize residential, commercial, and non-profits who are early adopters of existing building electrification.

Decarbonization Demonstration Grants: Grants to encourage member agencies and other key groups an opportunity to electrify their facilities. Focus on projects with public visibility for education/awareness purposes.

Decarbonization Engagement Grants: Grants for member agencies and other key groups to work on smaller electrification engagement initiatives to engage their communities.

Electrification Rate Discount: Custom rate to promote building electrification.

Existing Building Policy Experimentation: Assess and support potential policy levers that member agencies can explore to mitigate emissions from existing buildings.

Feasibility Assessment of Natural Gas Phase Out by 2045: Feasibility study to identify technical, legal, and economic barriers and opportunities for phasing out natural gas service by 2045 in SVCE's service territory.

FutureFit Fundamentals Contractor Training: Training and financial incentive program for contractors to expand their knowledge and installation of electrification technologies.

FutureFit Homes - Concierge: Comprehensive one-on-one phone or web assistance to SVCE customers to assist them in applying for electrification incentives, technical assistance, or developing a whole-home electrification plan.

FutureFit Homes - Residential Incentives: Incentives for various building electrification technologies for single- and small multi-family residential customers. Includes major appliances as well as eventual gas meter removal.

FutureFit Homes and Buildings - C&I Incentives: Incentives for demonstration projects at a handful of small and medium business properties.

Multifamily BE Direct Install: Comprehensive building electrification retrofits with a direct installer for multifamily affordable housing sites.

Permit Modernization: Benchmark and streamline member agency permitting and inspection processes to identify barriers and opportunities to electrification.

Reach Codes 2.0: Provide model building energy codes supportive of all-electric design and EV infrastructure to member agencies along with consultant support. 7 GLOSSARY FY24 Q1
Item 2
Attachment 2
©
DPP Quarterly Update

SILICONVALLEY

CEAN ENERGY
CALeVIP 1.0: Incentives for L2 and DCFC publicly-accessible EV chargers funded by California Energy Commission and SVCE as part of a regional collaboration.

CHIIP: Incentive program for L1 and L2 EV charging at hard-to-reach multifamily properties.

Fleet Electrification Program: Competitive application for SVCE’s fleet electrification planning support and funding for site upgrades targeting a broad set of fleet types.

FutureFit Assist: Technical assistance for preliminary site design and pertinent rebates for charging at multifamily housing and small and medium workplace properties.

Multifamily TE Direct Install: Comprehensive transportation electrification retrofits with a direct installer for multifamily affordable housing sites.

Priority Zone DC Fast Charger (PZDCFC) 2.0: Competitive grant application for DCFC installations in “priority zones” that support designated multifamily housing clusters.

SVTEC: Regular regional stakeholder meetings focused on information sharing, solving critical issues, and attracting external funding to the SVCE community in support of EV infrastructure deployment.

GLOSSARY
Lights On Silicon Valley: Provide incentives for enrolling solar and battery systems in the SVCE grid services program.

Medical Battery Program: Pilot program to deploy ~50 portable batteries to qualified customers who rely on power for medical equipment.

Customer Resource Center (eHub): Online customer resource center and marketplace to enable engagement, education, and action related to clean electricity, EVs, and home electrification.

Mobility
Power Supply
Education & Outreach
Built Environment
SVBEST: Regular regional stakeholder convenings to coordinate program alignment across building decarbonization workstreams.

Tariffed On Bill (TOB) Financing: Equitable financing pilot program for electrification for low-moderate income residents focusing cost recovery through on-bill charges that are lower than bill savings.

GridShift EV Charging: Managed EV charging phone app that optimizes charging to reduce associated costs and emissions. Includes incentives for reducing grid peak demand.

Grid Integration
8 FY24 Q1
Item 2
Attachment 2
©
DPP Quarterly Update

SILICONVALLEY

CEAN ENERGY
1 1. Outreach Events & Sponsorships
Date Sponsorship Location
4/2/2024 SPUR Webinar: Reaching 1 Million Electric
Vehicle Chargers by 2030
12:30 – 1:30 p.m.

Sponsorship
Virtual
4/4/2024 CPUC Small and Diverse Business Expo
9 a.m. – 2 p.m.

Tabling
South San Francisco Conference Center
255 S Airport Blvd, South San Francisco, CA 94080
4/5/2024 Los Altos Village Association First Friday
6 – 9 p.m.

Tabling
State Street & Main Street
Los Altos, CA 94022
4/7/2024 Science is Elementary 15th Anniversary Fair
2 – 5 p.m.

Sponsorship and Tabling
Los Altos Community Center
97 Hillview Ave
Los Altos, CA 94022
4/11/2024 FUHSD Earth Day
5 – 8 p.m.

Tabling
Computer History Museum
1401 N Shoreline Blvd
Mountain View, CA 94043
Item 2
Attachment 3
ESCR Update, April 2024
2 Outreach Events & Sponsorships (cont.)
Date Sponsorship Location
4/13/2024 Acterra Love Our Earth Festival
10 a.m. – 2 p.m.

Tabling
Bloomhouse
2555 Pulgas Ave
East Palo Alto, CA 94303
4/13/2024 Saratoga Blossom Festival
10 a.m. – 4 p.m.

Tabling
Heritage Orchard
Saratoga, CA, 95070
4/16 –
4/18/2024
CalCCA Conference
Attendance
Signia by Hilton San Jose
170 South Market Street
San Jose, CA 95113
4/20/2024 Morgan Hill Earth Day
10 a.m. – 3 p.m.

Tabling
Morgan Hill Community and Cultural Center
17000 Monterey St
Morgan Hill, CA 95037
4/20/2024 Sunnyvale Earth Day
11 a.m. – 3 p.m.

Tabling
Sunnyvale City Hall
456 W Olive Ave
Sunnyvale, CA 94086
Item 2
Attachment 3
ESCR Update, April 2024
3 Outreach Events & Sponsorships (cont.)
Date Sponsorship Location
4/20/2024 Mountain View Earth Day
10 a.m. – 2 p.m.

Tabling
Mountain View Community Center
201 S Rengstorff Ave
Mountain View, CA 94040
4/20/2024 Cupertino Earth Day
11 a.m. – 3 p.m.

Tabling and solar stage sponsorship
Cupertino Library Park Field
10800 Torre Ave
Cupertino, CA 95014
4/20/2024 Milpitas Earth Day
10 a.m. – 12 p.m.

Tabling
Calle Oriente Park
1199 Calle Oriente
Milpitas, CA 95035
4/21/2024 Los Gatos Spring Into Green
10 a.m. – 1 p.m.

Tabling
Town Plaza Park
Montebello Way
Los Gatos, CA 95030
Item 2
Attachment 3
ESCR Update, April 2024
4 Outreach Events & Sponsorships (cont.)
Date Sponsorship Location
4/23/2024 Cupertino Induction Cooking Experience
6:30 – 8 p.m.

Tabling
Quinlan Community Center - Cupertino Room
10185 North Stelling
Cupertino, CA 95014
4/24/2024 Western Digital Earth Day Vendor Fair
(tentative)
11:30 a.m. – 1:30 p.m.

Tabling
951 SanDisk Drive
Milpitas, CA
95035
4/26/2024 Saratoga Elementary Earth Day
Time TBD
Tabling
Saratoga Elementary School
14592 Oak St
Saratoga, CA 95070
4/27/2024 SCCOE Environmental Literacy Summit
9 a.m. – 3 p.m.

Tabling and sponsorship
Santa Clara County Office of Education
1290 Ridder Park Dr
San Jose, CA 95131
Item 2
Attachment 3
ESCR Update, April 2024
5 Participation Rate
Overall Participation
Rate
Residential 96.16%

96.20%
Commercial 96.59%

2. Customer Participation
Item 2
Attachment 3
ESCR Update, April 2024

SILICON VALLEY

CEAN ENERGY
6 3. Ads Currently Running
EV Charger Tech Assist Program: svcleanenergy.org/ev-charging-assist • Google + LinkedIn ads and a cold-calling campaign
Item 2
Attachment 3
ESCR Update, April 2024
XX Silicon aey ean nery
I
" 1 Utilities • nnyaearna
JkloHownrs
Did yknow that 42of all new vehicles sd n Santa ara ny
last year were electric? Take chare of yr prperys EV future and sn upday to receive:
~ree onsite evaluation
Custom-tailored project desn assistance
XInstallation and procurement support
ree EV charer technical assistance signup
O 34
Like Coent > Share Send
XAX Silicon aey ean nery
( " ) Utilities nnyae, arna
3kIoHowtt;
prade yr multi-unit prpery with no-cost technical assistance.

Up to $50,000 inEV charger incentives
O ^4
Like Coent Share Send
EV harers r Your Business
m prade yr prpery withree EV charer
inctallation support and expert aceistance
Silicon aey
earn More
Future-Proof Your rpery
CO rpery upgrades made easy with EV
incentives up to $50K andree project tech support.

Siliconaey
earn More
7 Compass Point Mentorship
(Sunnyvale): Collecting environmental
data from the Alviso community using
solar-powered sensors.

Dr. Bike (Cupertino): Hosting bicycle
repair workshops and promoting safe
cycling.

EcoValley (Cupertino): Leading
workshops on upcycling art, renewable
power, and more for local youth.

4. The 2024 Education Fund Recipients
2024 recipient, EcoValley, tabling a community event
Item 2
Attachment 3
ESCR Update, April 2024
8 The 2024 Education Fund Recipients
• Environmental Outreach Club (Los Gatos):

Distributing native tree saplings to offset
approximately 10% of the community's carbon
emissions.
• FUHSD Climate Collective (Sunnyvale):

Facilitating a district-wide showcase of
environmental literacy instruction at the Fremont
Union High School District's Earth Day event.
• Green Ninja Project (Saratoga): Leading a
student film festival focused on creating
educational videos about climate solutions. The Environmental Outreach Club's online advertisements promoting their earth day
event
Item 2
Attachment 3
ESCR Update, April 2024

GS TREE-PLENISH

PROJECT
OUR MSSN PLANT 1OOO FRUIT TREES TO OFFSET THE
GS CARBON FOOTPRINT BY 15%
9 The 2024 Education Fund Recipients
• Harker Green Team (Saratoga):

Building an upcycling app for students
to swap and share items like books and
clothes.
• Morgan Hill Youth Climate Action
(Morgan Hill): Organizing professional
development for teachers on climate
and environmental education.
• Utmost Atmos (Cupertino):

Organizing conferences, competitions,
and presentations to raise student
awareness about climate change. Team Utmost Atmos on a bicycle distribution and education day in 2023
Item 2
Attachment 3
ESCR Update, April 2024
10 The 2024 Education Fund Recipients
• West Valley College Lab Rats
Club (Saratoga): Engineering solar-powered
electric bikes to donate to students.
• Young Women Leaders (Morgan Hill): Hosting
a youth conference on green career
development, skill workshops, and related topics
for young women.
• Sherman Oaks Dual Immersion Middle
School (Campbell): Creating a solar-powered
school announcement system.

A flyer announcing the Young Woman
Leaders' annual conference
Item 2
Attachment 3
ESCR Update, April 2024
•» ‘"M*
MARZO 9 2024
9M - 2:30 PM

DE LIDERAZGO
VEN2024

SILICON VALLEY

CEAN ENERGY
ara mujeres jovenes en s
rads de 8 a 12 en el
condado de Santa ara

QUIENES SMS

LASJOVENES LIDERES SON UN GRUPO DE

ESTUDIANTES INSPIRADORAS DEL OCTAVO AL

DOCEAVO GRADO DEDICADASY APASIONADAS

PORSERVIR A LAS MUJERES JOVENES DE

NUESTRA COMUNIDAD EQUIPANDOLAS CON
HABILIDADES CLAVE DE UDERAZGO.

Expositor rncpa
Actividades
rems

CENTRAL HIGH SC,
85 TILTON AVE
MORGAN HILL 95037
esarra hadades en liderazgo.finanzas,
cambio climdtico y mas
LASJOVENES LIDERES (YOUNG WMLEADERS) PRESENTAN...

CONFERENCIA
Registrate aqui o en eventbri
“Young Women eaders
http://bit.Lg/3tJsje5
Mantente en contacto en: ynmeneadersr
11 The most recent MAWG meeting was held in person on March 28, 2024 and was attended by 9 different agencies and organizations with a total of 21 participants.

The following agenda items were
presented and discussed:
• Welcoming remarks by SVCE
CEO, Monica Padilla
• Zero NOx BAAQMD Ruling -
Panel presentations and
roundtable Q+A with
BAAQMD, SPUR, PCE, and
SVCE
• Induction cooking training

4. Member Agency Working Group –
March Update
Item 2
Attachment 3
ESCR Update, April 2024
12 5. Press Releases & Media
Press Releases
• Kris Van Vactor Selected as Director of Power Resources at Silicon Valley Clean Energy, Press Release, 03-05-24
• Lights, Camera, Action! Entries Now Open for EmPowerSV Video Scholarship Competition, Press Release, 03-11-24
Media Mentions
• Stakeholders Continue Pursuit of Clarity in Power Source Disclosure Program, California Energy Markets, 03-01-24
• Chaset Leaving Ava Community Energy, California Energy Markets, 03-01-24 • Stem's PowerBidder Pro Selected by Two CCAs in CAISO, TMCNET News, 03-19-24 • Milpitas celebrates Hindu festival of colors, Marin Independent Journal, 03-19-2024 Item 2
Attachment 3
ESCR Update, April 2024
TM
13 5. Press & Media (continued)
• Mountain View city officials lay out ambitious plans, and need for funding, in annual update, Mountain View Voice, 03-25-24
• Letter: Seeking environmental justice for Gilroy, Gilroy Dispatch, 03-26-24 • ev.energy to scale EV charging solutions across California, Automotive Purchasing and Supply, 02-23-24 Item 2
Attachment 3
ESCR Update, April 2024
• Subtitle
New SV Clean Energy
PowerPoint Template
Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
CD olicy dates
egulatory date
1 emand ey: Income Graduated Fixed
hare
2 Provider of Last Resort
Legislative date
1 Bill Update
2 SVCE Bill Positions
3 2024 Legislative aendar
2 Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
egulatory
date
Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
ey egulatory Activities
Actiity urose Status
emand
ey rceedn
(R. 220700
Income Graduated Fixed
hare rac
To advance demand
ey through electric rates.
he CPUC issued a rpsed ecsn authorizing all investor-owned electric utilities (e.g., PG&E n s errryto chane the structure of their residential customer s n accrdance with ssemy Bill 205, Stats. 2022, ch61. If voted out as s, PG&E will e required to implement income graduated fixed chares on residential s during the first quarter of 2026. he rpsed ecsn prpses to adopt a three-tiered income graduated fixed chare structure. er 1 customers must e enred n arna Alternative Rates r nery and would pay a $6 mnhy chareer 2 customers must e enred n amy Electric Rate Assistance r e living n ardae housing restricted to residents with ncmes at r below 80 percent of rea Medan Income and will pay a $12.08 mnhy chareer 3 customers will e all other customers not eligible r ers 1 and 2 and will pay a $24.15 mnhy charehe rpsed ecsn s expected to e voted out y the CPUC on May 9th at the earliest. However, there are several active s at the legislature that may repeaany CPUC action.

Provider of Last Resort
(R.21-03-011)
rder Instituting Rulemaking to
Implement Senate Bill 520 and
ddress Other Matters Related
to Provider of Last Resort.
he CPUC issued its hase 1 rpsed ecsn ("PD"), which established a new minimum nancaecry Requirement ("FSR") as well as new nanca reporting requirements. Relative to sme pary prpsas, the PD s an overall positive outcome r she PD did not adopt s prpsa, which would have sncany ncreased the required FSR posting r all s, nr des it mpse what aand SVCE thought were unreasonable nanca monitoring steps.

However, the PD des rase the minimum FSR to cover s administrative ees, such that s estimated FSR will ncrease rm 147,000 to mre than 1 million. hs paymencan e made n the rm of a letter of credit, meannactual costs to SVCE will e sncany ess than the posting amount. he decsn s expected to e voted out y the end of pr Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
Legislative
date
5 Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
0 Bill date
SVCE s readnand analyzing several s this sessnremnary s of interest include:

Topic Area Bill Nuers Suary
Income Graduated Fixed hare AB 1999 (Irwin), SB 1312 yen, SB 1314 yen, AB 2805
ssay, AB 1326 nes, SB
1292 radrd
Most of the legislature’s
prpsas would repeaincome
graduated fixed chares on
eecrcy s
Net n ar AB 2619 nny, SB 1374
ecer, AB 3269 ssay
Legislative prpsas would
impact rooftop sar y repean
r mdyn the Net n ar
6 Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
0 SVCE Bill ositions
Bill Nuer Suary osition
SB 1095 ecer Prohibits mobile home pars and
homeowner associations rm
instituting arrers to electric
appances
Support
7 •
•
•
•
•
•
•
•
•
•
•
•
•
Item 2
Attachment 4
SVCE Leg/Reg Update, April 2024
1 ey 2024 State Legislative Milestones
anary 3—Legislature Reconvenes
anary 12—Last day r pcy committees to har sca s rm their house last year anary 19—Last day to submit bill requests to Legislative Counsel; last day r committees to har and report to the r s introduced last year
anary 31—Last day r each house to pass s introduced last year erary 16—Last day r s to bo introduced
pr 26 -Last day r pcy committees to vote on sca s
May 17 - Last day r sca committees to hear s introduced n that house May 24Last day r each house to pass s introduced n that house June 15 -Budget bill must pass y midnight
y 3 - Last day r pcy committees to vote on s
August 16 - Last day r sca committees to vote on s
August 31Last day r each house to pass s
September 30 - Last day r Governor to sn s
8 •
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Item 2
Attachment 5
Agenda ooAheadAril- August 2024
pr
th
Study
BOD
Session:

Meeting
—
EV
—
Charging
Study Session:

Load Modifiers & Forecasting
thEC Meeting
Mas eaer mmny
Investment cy
Intro to 2025 Strategic an
May
thBOD Meeting
Intro to 2025 Strategic an
(Tentative)
Mas eaer mmny
Investment cy
thEC Meeting
Wrrce cy & raey
FY 2024-25 Budget Framework
June
th BOD Meeting
FY 24-25 Budget Framework
Stress Test nayses
Study Session: Clean Pathway
and 24x7 study; Integrated
Resource Plan
thEC Meeting
TBD
TBD: F&A CoMeeting
ERM Framework, Budget
Framework
Stress Test
th BOD Meeting
Wrrce cy &
raey
Provide Feedback on
FY 2024-25 Budget
ERM cy Approval
rdEC Meeting
FY 2024-25 Budget
Framework
cy Project Update
TBD: F&A CoMeeting
Recommend Approval
of FY 24-25 Budget
ease note the items on this
schedule may chane

Staff Report – Item 3
Item 3: Study Session: Decarbonization Programs and Policy Overview of Residential Electric Vehicles and Charging
From: Monica Padilla, CEO
Prepared by: Justin Zagunis, Director of Decarbonization Programs and Policy Douglas Bernard, Decarbonization Management Analyst
Date: 4/10/2024

BACKGROUND
Staff will provide a presentation on SVCE’s programs for the residential electric vehicle and charging sectors.

The purpose of the presentation is to support increased awareness of programs, underlying data, policy approaches, and the scale needed to fully electrify the region.

The presentation will include high-level statistics on emissions and residential vehicles and charging in SVCE territory, along with a review of datasets on the electric vehicle and charging sectors. The presentation will also highlight a handful of current programs and impacts, as well as describe a handful of upcoming programs that will help expand our reach to additional customer demographics. This presentation is for informational purposes only.

Item 3

ATTACHMENTS
The PowerPoint presentation for this item is posted to SVCE’s website.

SILICON VALLEY \3/ CEAN ENERGY

Staff Report – Item 4
Item 4: Study Session: Update on Load Forecasting Efforts From: Monica Padilla, CEO
Prepared by: Maren Wenzel, Director of Regulatory, Policy and Planning Date: 4/10/2024

BACKGROUND
Staff will provide an informational presentation to the Board of Directors on SVCE’s load forecasting efforts.

The presentation will review why we forecast, how we forecast, and will review current forecast results.

ATTACHMENTS
The PowerPoint presentation for this item will be posted to SVCE’s website.

Item 4

SILICON VALLEY

CEAN ENERGY

Staff Report – Item 5

RECOMMENDATION
Staff requests that the Board receive an update on the Permit Modernization and Building Decarbonization Policy initiative.

BACKGROUND
In late 2023, SVCE launched two complementary programs to help member agencies sensibly expand the decarbonization of local buildings and prepare for upcoming rules that will limit the sale of gas appliances. The two programs, Permit Modernization and Policy Experimentation, provide $4M in technical resources and support to help member agencies adopt local policies and improve permit practices that enable the adoption of local policies that support the transition to fossil-free buildings.

Staff is in the process of supporting member agencies with core technical assistance and developing customized plans that meet the unique needs and goals of each jurisdiction. The details of these efforts will be discussed in more detail at the Board meeting.

ANALYSIS & DISCUSSION
SVCE staff will address the analysis as a presentation to the Board.

STRATEGIC PLAN
The proposal supports SVCE’s Strategic Plan Goal 14, “coordinate development of decarbonization and resilience strategy, lead design of local policy and programs, and design and deploy programs.”

FISCAL IMPACT
N/A

ATTACHMENTS
The presentation for this item is posted to the SVCE website.

Item 5
Item 5: Building Electrification Policy Update
From: Monica Padilla, CEO
Prepared by: Zoe Elizabeth, Deputy Director of Decarbonization Programs and Policy Date: 4/10/2024
SILICON VALLEY \3/ CEAN ENERGY
Appendix A

Silicon Valley Clean Energy
Board of Directors Meeting
April 10, 2024
Appendix A
Power Resource Contracts Executed by CEO

SILICON VALLEY

CEAN ENERGY
Calpine Deal: 3806291
1 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx

MASTER POWER PURCHASE AND SALE AGREEMENT
CONFIRMATION LETTER – RESOURCE ADEQUACY

BETWEEN
CALPINE ENERGY SERVICES, L.P.

AND
Silicon Valley Clean Energy Authority
This Confirmation Letter (“Confirmation”) confirms the Transaction between Calpine Energy Services, L.P., a Delaware limited partnership (“Seller”), and Silicon Valley Clean Energy Authority, a California joint powers authority (“Buyer”), each individually a “Party” and together the “Parties”, dated as of March 26, 2024 (the “Confirmation Effective Date”), in which Seller agrees to provide to Buyer the right to the Product, as such term is defined in Article 3 of this Confirmation. This Transaction is governed by the Edison Electric Institute Master Power Purchase and Sale Agreement between the Parties, and that certain Cover Sheet, effective as of June 20, 2017, along with any annexes and amendments thereto (collectively, the “Master Agreement”). The Master Agreement and this Confirmation shall be collectively referred to herein as the “Agreement”. All provisions contained in or incorporated by reference in the Master Agreement will govern this Confirmation except as expressly modified herein. Subject to any contrary provisions in the Master Agreement, in the event of any inconsistency between the provisions of the Master Agreement and this Confirmation, this Confirmation will prevail for the purpose of this Transaction.

Capitalized terms used but not otherwise defined in this Confirmation have the meanings ascribed to them in the Master Agreement or the Tariff (as defined herein).

1. DEFINITIONS

1.1 “Agreement” has the meaning specified in the introductory paragraph hereof.

1.2 “Alternate Capacity” means any replacement Product which Seller has elected to provide to Buyer in accordance with the terms of Section 4.5.

1.3 “Applicable Laws” means any law, rule, regulation, order, decision, judgment, or other legal or regulatory determination by any Governmental Body having jurisdiction over one or both Parties or this Transaction, including without limitation, the Tariff.

1.4 “Availability Incentive Payments” has the meaning set forth in the Tariff.

1.5 “Availability Standards” shall mean Availability Standards as defined in Section 40.9 of the Tariff or otherwise applicable to CAISO.

1.6 “Buyer” has the meaning specified in the introductory paragraph hereof.

1.7 “CAISO” means the California Independent System Operator or its successor.

1.8 “Capacity Replacement Price” means (a) the price actually paid for any Replacement Capacity purchased by Buyer pursuant to Section 4.7 hereof, plus costs reasonably incurred by Buyer in purchasing such Replacement Capacity, or (b) absent a purchase of any Replacement Capacity, the market price for such Designated RA Capacity not provided at the Delivery Point. The Buyer shall determine such market prices in a commercially reasonable manner. For purposes of the definition of Section 1.51 of the Master Agreement, “Capacity Replacement Price” shall be deemed to be the “Replacement Price.”

1.9 “Confirmation” has the meaning specified in the introductory paragraph hereof.

1.10 “Confirmation Effective Date” has the meaning specified in the introductory paragraph hereof.

DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
2 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx

1.11 “Contingent Firm RA Product” has the meaning specified in Section 3.4 hereof.

1.12 “Contract Price” means, for any Monthly Delivery Period, the price specified under the RA Capacity Price Table in Section 4.9.

1.13 “Contract Quantity” means, with respect to any particular Showing Month of the Delivery Period, the amount of Product (in MWs) set forth in table in Section 4.3 which Seller has agreed to provide to Buyer from the Unit for such Showing Month (as such amount may be adjusted pursuant to Section 4.4).

1.14 “Control Area” has the meaning set forth in the Tariff.

1.15 “CPUC Decisions” means CPUC Decisions 04-01-050, 04-10-035, 05-10-042, 06-06-064, 06-07- 031, 07-06-029, 08-06-031, 09-06-028, 10-06-036, 11-06-022, 12-06-025, 13-06-024, 14-06-050, 15-06-063, 16-06-045, 17-06-027, 18-06-030, 18-06-031, 19-02-022 and 19-06-026, 20-06-002, 20-06-028, 20-06-31, 20-12-006, 21-06-035, and any other existing or subsequent decisions related to resource adequacy issued from time to time by the CPUC, as amended from time to time.

1.16 “CPUC Filing Guide” means the annual document issued by the CPUC which sets forth the guidelines, requirements and instructions for LSE’s to demonstrate compliance with the CPUC’s resource adequacy program.

1.17 “Delivery Period” has the meaning specified in Section 4.1 hereof.

1.18 “Delivery Point” has the meaning specified in Section 4.2 hereof.

1.19 “Designated RA Capacity” shall be equal to, with respect to any particular Showing Month of the Delivery Period, the Contract Quantity of Product for such Showing Month including the amount of Contract Quantity that Seller has elected to provide Alternate Capacity with respect to, minus any reductions to Contract Quantity specified in Section 4.4 with respect to which Seller has not elected to provide Alternate Capacity.

1.20 “Effective Flexible Capacity” means the flexible capacity of a resource that can be counted towards an LSE’s FCR obligation, as identified from time to time by the Tariff, the CPUC Decisions, LRA, or other Governmental Body having jurisdiction.

1.21 “FCR Attributes” means, with respect to a Unit, any and all FCR attributes that can be counted toward an LSE’s FCR, as they are identified from time to time by the CPUC Decisions, the Tariff, an LRA, or other Governmental Body having jurisdiction that can be counted toward FCR and are consistent with the operational limitations and physical characteristics of such Unit. For clarity, it should be understood that if the CAISO, LRA, or other Governmental Body, defines new or re-defines the FCR Attributes of a Unit, then such change will not result in a change in obligations or payments made pursuant to this Transaction.

1.22 “FCR Showings” means the FCR compliance showings (or similar or successor showings) an LSE is required to make to the CPUC (and, to the extent authorized by the CPUC, to the CAISO) pursuant to the CPUC Decisions and the Tariff, or to an LRA having jurisdiction over the LSE.

1.23 “Firm RA Product” has the meaning specified in the Section 3.3 hereof.

1.24 “Flexible Capacity Requirements” or “FCR” means the flexible capacity requirements established for LSEs by the CPUC pursuant to the CPUC Decisions, or by an LRA or other Governmental Body having jurisdiction.

1.25 “Flexible RA Product” has the meaning specified in the Section 3.2 hereof.

DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
3 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx

1.26 “GADS” means the Generating Availability Data System or its successor.

1.27 “Generic RA Product” means Designated RA Capacity consisting of RAR Attributes and, if applicable, LAR Attributes, which does not include FCR Attributes.

1.28 “Good Utility Practice” has the meaning set forth in the Tariff.

1.29 “Governmental Body” means (i) any federal, state, local, municipal or other government; (ii) any governmental, regulatory or administrative agency, commission or other authority lawfully exercising or entitled to exercise any administrative, executive, judicial, legislative, police, regulatory or taxing authority or power; and (iii) any court or governmental tribunal.

1.30 “LAR” means local area reliability, which is any program of localized resource adequacy requirements established for jurisdictional LSEs by the CPUC pursuant to the CPUC Decisions, or by another LRA having jurisdiction over the LSE, as implemented in the Tariff. LAR may also be known as local resource adequacy, local RAR, or local capacity requirement in other regulatory proceedings or legislative actions.

1.31 “LAR Attributes” means, with respect to a Unit, any and all resource adequacy attributes (or other locational attributes related to system reliability), as they are identified as of the Confirmation Effective Date by the CPUC Decisions, CAISO, LRA, or other Governmental Body having jurisdiction, associated with the physical location or point of electrical interconnection of the Unit within the CAISO Control Area, that can be counted toward LAR and are consistent with the operational limitations and physical characteristics of such Unit, but exclusive of any RAR Attributes which are not associated with where in the CAISO Control Area the Unit is physically located or electrically interconnected. For clarity, it should be understood that if the CAISO, LRA, or other Governmental Body, defines new or re-defines existing local areas, then such change will not result in a change in obligations or payments made pursuant to this Transaction.

1.32 “LAR Showings” means the LAR compliance showings (or similar or successor showings) an LSE is required to make to the CPUC (and, to the extent authorized by the CPUC, to the CAISO) pursuant to the CPUC Decisions, or to an LRA having jurisdiction over the LSE.

1.33 “LRA” has the meaning set forth in the Tariff.

1.34 “LSE” means load-serving entity. LSEs may be an investor-owned utility, an electric service provider, a community aggregator or community choice aggregator, or a municipality serving load in the CAISO Control Area (excluding exports).

1.35 “Master Agreement” has the meaning specified in the introductory paragraph hereof.

1.36 “Monthly Delivery Period” means each calendar month during the Delivery Period and shall correspond to each Showing Month.

1.37 “Monthly RA Capacity Payment” has the meaning specified in Section 4.9 hereof.

1.38 “NERC” means the North American Electric Reliability Council, or its successor.

1.39 “NERC/GADS Protocols” means the GADS protocols established by NERC, as may be updated from time to time.

1.40 “Net Qualifying Capacity” has the meaning set forth in the Tariff.

1.41 “Non-Availability Charges” has the meaning set forth in the Tariff.

DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
4 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx

1.42 “Outage” means disconnection, separation, or reduction in the capacity of any Unit that relieves all or part of the offer obligations of the Unit consistent with the Tariff. For the avoidance of doubt, Outage shall be deemed to include Planned Outage (defined below).

1.43 “Party” and “Parties” have the meanings specified in the introductory paragraph hereof.

1.44 “Planned Outage” means, subject to and as further described in the CPUC Decisions and the Tariff (Planned Outage referred to as “Approved Maintenance Outage” under the Tariff), a CAISO-approved planned or scheduled disconnection, separation or reduction in capacity of the Unit that is conducted for the purposes of carrying out routine repair or maintenance of such Unit, or for the purposes of new construction work for such Unit.

1.45 “Product” has the meaning specified in Article 3 hereof.

1.46 “RA Capacity” means the qualifying and deliverable capacity of the Unit for RAR, LAR, and FCR purposes for the Delivery Period, as determined by the CAISO, or other Governmental Body authorized to make such determination under Applicable Laws. RA Capacity encompasses the RAR Attributes, LAR Attributes and FCR Attributes of the capacity provided by a Unit, as applicable pursuant to this Confirmation.

1.47 “RA Capacity Price” means the price specified in the RA Capacity Price Table in Section 4.9 hereof.

1.48 “RAR” or “Resource Adequacy Requirements” means the resource adequacy requirements, exclusive of LAR and FCR, established for LSEs by the CPUC pursuant to the CPUC Decisions, by the CAISO under the Tariff, or by an LRA or other Governmental Body having jurisdiction.

1.49 “RAR Attributes” means, with respect to a Unit, any and all resource adequacy attributes, as they are identified as of the Confirmation Effective Date by the Tariff, the CPUC Decisions, LRA, or any Governmental Body having jurisdiction, that can be counted toward RAR and are consistent with the operational limitations and physical characteristics of such Unit, exclusive of any LAR Attributes or FCR Attributes.

1.50 “RAR Showings” means the RAR compliance showings (or similar or successor showings) an LSE is required to make to the CPUC (and/or, to the extent authorized by the CPUC, to the CAISO), pursuant to the Tariff or CPUC Decisions, or to an LRA having jurisdiction.

1.51 “Replacement Capacity” has the meaning specified in Section 4.7 hereof.

1.52 “Replacement Unit” means a generating unit meeting the requirements specified in Section 4.5.

1.53 “Resource Category” shall be as described in the CPUC Filing Guide, as such may be modified, amended, supplemented or updated from time to time.

1.54 “Scheduling Coordinator” or “SC” has the meaning set forth in the Tariff.

1.55 “Seller” has the meaning specified in the introductory paragraph hereof.

1.56 “Showing Month” shall be the calendar month during the Delivery Period that is the subject of the RAR Showing, LAR Showing, and/or FCR Showing, as applicable, as set forth in the CPUC Decisions. For illustrative purposes only, pursuant to the CPUC Decisions in effect as of the Confirmation Effective Date, the monthly RAR Showing made in June is for the Showing Month of August.

1.57 “Subsequent Buyer” means the purchaser of Product from Buyer in a re-sale of Product by Buyer.

DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
5 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx

1.58 “Supply Plan” means the supply plans, or similar or successor filings, that each Scheduling Coordinator representing RA Capacity submits to the CAISO, LRA, or other Governmental Body, pursuant to Applicable Laws, in order for that RA Capacity to count for its RAR Attributes, LAR Attributes, and/or FCR Attributes.

1.59 “Tariff” means the tariff and protocol provisions of the CAISO, including associated rules, procedures and business practice manuals, as amended or supplemented from time to time.

1.60 “Transaction” has the meaning specified in the introductory paragraph hereof.

1.61 “Unit” or “Units” shall mean the generation assets described in Article 2 hereof (including any Replacement Units), from which RA Capacity is provided by Seller to Buyer.

1.62 “Unit EFC” means the Effective Flexible Capacity set by the CAISO for the applicable Unit. If the CAISO adjusts the Effective Flexible Capacity of a Unit after the Confirmation Effective Date, then for the period in which the adjustment is effective, the Unit EFC shall be deemed the lesser of (i) the Unit EFC as of the Confirmation Effective Date, and (ii) the CAISO-adjusted Effective Flexible Capacity. To the extent the Confirmation Effective Date of this Confirmation occurs prior to the CAISO’s setting of a Unit EFC for the applicable Unit, the Unit EFC shall be as agreed to by the Parties and specified in Article 2, and Seller represents that, to the best of its knowledge, this Unit EFC is consistent with the CAISO’s methodology for determining Unit EFC as of the Confirmation Effective Date. To the extent the CAISO creates new categories of flexible capacity during the term of this Transaction and a Unit can count toward such new categories of flexible capacity while operating consistent with the operational limitation and physical characteristics of such Unit, any and all such new categories of flexible capacity shall be deemed to be part of the Effective Flexible Capacity of that Unit. The above notwithstanding, to the extent the CAISO decides to reduce the applicable Unit EFC, Seller shall not be liable for any costs or damages related to such reduction and the Unit EFC shall be reduced per Section 4.4 of this Confirmation.

1.63 “Unit NQC” means the Net Qualifying Capacity set by the CAISO for the applicable Unit. If the CAISO adjusts the Net Qualifying Capacity of a Unit after the Confirmation Effective Date, then for the period in which the adjustment is effective, the Unit NQC shall be deemed the lesser of (i) the Unit NQC as of the Confirmation Effective Date, and (ii) the CAISO-adjusted Net Qualifying Capacity.

2. UNIT INFORMATION AND DESIGNATION

2.1 Unit Information
Delta Energy Center
Name: Delta Energy Center Aggregate
Location: Pittsburg, CA
CAISO Resource ID: DELTA_2_PL1X4
Resource Type: I_Phys_Res
Resource Category (1, 2, 3 or 4): 4
Point of interconnection with the CAISO Controlled Grid ("Substation"): Pittsburg 230 kV substation Local Capacity Area (as of the Confirmation Effective Date): CAISO System DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
6 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx Path 26 (North, South or None): North
Deliverability restrictions, if any, as described in most recent CAISO deliverability assessment: None Run Hour Restrictions: None
LAR Attributes (Yes/No): N/A
If yes: Local Capacity Area (as of the Confirmation Effective Date): N/A Product Type (Generic/Flexible): Flexible
If Generic: Unit NQC (as of the Confirmation Effective Date): N/A If Flexible: Unit EFC (as of the Confirmation Effective Date): Varies by Month Flexible Capacity Category (Base/Peak/Super-peak): Base

2.2 Seller to Designate Unit
(a) At any point prior to the Delivery Period, Seller may modify the Unit from which RA Capacity will be provided to Buyer by providing Buyer with the specific Unit information identified in Section 2.1 by no later than ten (10) Business Days before the relevant deadline for the Compliance Showing.
(b) The Unit shall meet the Product characteristics and Contract Quantity specified in Articles 3 and 4 and the Resource Category requirements set forth in Section

2.2(c). Under no circumstances shall the Unit be a coal-fired generating facility. (c) The Unit shall qualify as a Maximum Cumulative Capacity (“MCC”) Resource Category 4 resource, which is described in the CPUC’s 2020 Filing Guide as being able to run or operate in “All Hours (planned availability is unrestricted)”. (d) Seller may designate an import resource as a Unit, provided that (i) such import resource meets each of the requirements of this Section 2.2, (ii) such resource meets the requirements of “resource-specific resource) pursuant to the CPUC Decisions, and any other applicable CAISO or CPUC requirements, and (iii) Seller provides to Buyer, at no additional cost, sufficient import allocation rights necessary to ensure delivery of the Product to Buyer.
(e) Nothing in this Section 2.2 shall be construed to limit the applicability of Sections

4.4 (Adjustment to Contract Quantity) or 4.5 (Alternate Capacity and Replacement Units) of this Confirmation.
(f) Seller’s designation of the Unit each year shall not in any way (i) convert the Contingent Firm RA Product being sold under this Confirmation into a Firm RA Product, or (ii) cause any change to the Monthly RA Capacity Payment.

3. RESOURCE ADEQUACY CAPACITY PRODUCT
During the Delivery Period, Seller shall provide to Buyer, pursuant to the terms of this Confirmation, the Designated RA Capacity in the amount of the Contract Quantity of (i) RAR Attributes and, if applicable, LAR DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
7 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx Attributes, and (ii) FCR Attributes, if Flexible RA Product is specified in Section 3.2, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as specified in either Section

3.3 or 3.4 (the “Product”). The Product does not confer to Buyer any right to the electrical output from the Units, other than the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and FCR Showings, as applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction and Buyer shall not be responsible for compensating Seller for Seller's commitments to the CAISO required by this Confirmation. Seller retains the right to sell pursuant to the Tariff any RA Capacity from a Unit that is in excess of that Unit’s Contract Quantity and any RAR Attributes, LAR Attributes or FCR Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation.

3.1 RAR and LAR Attributes
Seller shall provide Buyer with the Designated RA Capacity of RAR Attributes and, if applicable, LAR Attributes from each Unit, as measured in MWs, in accordance with the terms and conditions of this Agreement.

3.2 Flexible RA Product
Seller shall provide Buyer with Designated RA Capacity of FCR Attributes from the Units in the amount of the applicable Contract Quantity.

3.3 Firm RA Product
Seller shall provide Buyer with Designated RA Capacity from the Units in the amount of the Contract Quantity. If the Units are not available to provide the full amount of the Contract Quantity for any reason other than Force Majeure, including without limitation any Outage or any adjustment of the RA Capacity of any Unit, pursuant to Section 4.4, then, Seller shall provide Buyer with Designated RA Capacity from one or more Replacement Units pursuant to Section 4.5 hereof. If Seller fails to provide Buyer with replacement Designated RA Capacity from Replacement Units pursuant to Section 4.5, then Seller shall be liable for damages and/or required to indemnify Buyer for penalties or fines pursuant to the terms of Sections 4.7 and 4.8 hereof.

3.4 Contingent Firm RA Product
Seller shall provide Buyer with Designated RA Capacity from the Units in the amount of the applicable Contract Quantity; provided, however, that if (i) the Units are not available to provide the full amount of the Contract Quantity due to Force Majeure, any Planned Outage or any reduction of the RA Capacity of any Unit, and (ii) Seller has given Buyer timely notice pursuant to Section 4.5, then, Seller may either reduce the Contract Quantity or provide Buyer with Designated RA Capacity from one or more Replacement Units pursuant to Section 4.5 hereof. If Seller fails to provide Buyer with any portion of the Designated RA Capacity (x) for a reason other than a Force Majeure, Planned Outage or reduction of the RA Capacity of any Unit (as provided in Section 4.4), or (y) Seller failed to give Buyer timely notice pursuant to Section

4.5(a), then Seller shall be liable for damages and/or required to indemnify Buyer for penalties or fines pursuant to the terms of Sections 4.7 and 4.8 hereof.

4. DELIVERY AND PAYMENT

4.1 Delivery Period
The Delivery Period shall be June 1, 2024 through June 30, 2024, inclusive. For the avoidance of doubt, nothing in this Agreement shall obligate Seller to provide any RA Capacity to Buyer for any period after the end of the Delivery Period.

DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
EL
a
Calpine Deal: 3806291
8 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx

4.2 Delivery Point
The Delivery Point for each Unit shall be the CAISO Control Area, and if applicable, the LAR region in which the Unit is electrically interconnected.

4.3 Contract Quantity
The Contract Quantity of each Unit for each Monthly Delivery Period shall be:

Contract Quantity (MWs)
Contract Year/Month Contract Quantity
(MWs)
Resource ID
DELTA_2_PL1X4

4.4 Adjustments to Contract Quantity
(a) Planned Outages: Seller’s obligation to deliver the Contract Quantity for any Showing Month may be reduced at Seller’s option if any portion of the Unit is scheduled for a Planned Outage during the applicable Showing Month; provided, Seller notifies Buyer, no later than ten (10) Business Days before the relevant deadlines for the corresponding RAR Showings, LAR Showings and/or FCR Showings applicable to that Showing Month, of the amount of Product from the Unit Buyer is permitted to include in Buyer’s RAR Showings, LAR Showings, and/or FCR Showings applicable to that month as a result of such Planned Outage.

If Seller is unable to provide the applicable Contract Quantity for a Showing Month because of a Planned Outage of a Unit, Seller has the option, but not the obligation, to provide Product for such Showing Month from Replacement Units, provided, Seller provides and identifies such Replacement Units in accordance with Section

4.5. If Seller chooses not to provide Product from Replacement Units and a Unit is on a Planned Outage for the applicable Showing Month, then, the Contract Quantity shall be revised in accordance with any applicable adjustments stipulated by the CPUC Filing Guide or CAISO Tariff in effect for the applicable Showing Month in which the Planned Outage occurs.
(b) Reductions in Unit NQC: If Product is both (i) Generic RA Product, and (ii) Contingent Firm RA Product specified under Section 3.4, then Seller’s obligation to deliver the applicable Contract Quantity of Flexible RA for any Showing Month may also be reduced or adjusted by Seller if the CPUC, CAISO, or other Governmental Body changes or eliminates the FCR, such that Flexible Capacity Attributes are no longer required for compliance or results in changes to how the Units are counted towards such requirements. To the extent any such changes occur during the Delivery Period, Seller may reduce the amount of Flexible RA Product provided to Buyer from the Unit on a pro rata basis based on the overall size (in MWs) of the Unit. The Parties acknowledge and agree that any such change to the Unit EFC shall not (i) entitle Buyer to a change in the Contract Price or a change in the amounts payable under Article 3, (ii) result in any change to the Contract Quantity, (iii) give either Party the right to terminate this Agreement, or (iv) allow for the severability of any provisions of this Confirmation pursuant to the Master Agreement.. If the Unit experiences such a reduction in Unit NQC, then Seller has the option, but not the obligation, to provide the applicable Contract Quantity for such Showing Month from (i) the same Unit, provided the Unit has sufficient remaining and available Product and/or (ii) from Replacement Units, DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
9 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx provided, that in each case Seller provides and identifies such Replacement Units in accordance with Section 4.5.
(c) Reductions in Unit EFC: If Product is both (i) Flexible RA Product specified under Section 3.2, and (ii) Contingent Firm RA Product specified under Section 3.4, then Seller’s obligation to deliver the applicable Contract Quantity of Product for any Showing Month may also be reduced if the Unit experiences a reduction in Unit EFC as determined by the CAISO. Seller’s potential reduction in Contract Quantity for each remaining Showing Month shall equal the product of (a) the applicable Showing Month Contract Quantity and (b) the total amount (in MW) Unit EFC was reduced since Confirmation Effective Date, divided by (c) Unit EFC as of the Confirmation Effective Date. If the Unit experiences such a reduction in Unit EFC, then Seller has the option, but not the obligation, to provide the applicable Contract Quantity for such Showing Month from (i) the same Unit, provided the Unit has sufficient remaining and available Product and/or (ii) from Replacement Units, provided, that in each case Seller provides and identifies such Replacement Units in accordance with Section 4.5.
(d) UCAP: If during the Delivery Period the CAISO or the CPUC either (i) replaces Unit NQC as the value utilized to measure the qualifying capacity of a Unit with a successor value such as unforced capacity (UCAP) or (ii) utilizes such successor value as a supplemental means of measuring the qualifying capacity of a Unit together with Unit NQC, then from and after such replacement, Seller will convey the equivalent amount of qualifying capacity of such Unit, to be determined by Seller, on a pro rata basis (i.e. following such replacement, Seller’s delivery obligation will be obtained by calculating the product of (A) the Contract Quantity divided by the Unit NQC, multiplied by (B) the Unit’s overall qualifying capacity (in MW) as measured by such new method of measuring a Unit’s qualifying capacity).

4.5 Alternate Capacity and Replacement Units
(a) If Seller is unable to provide the full Contract Quantity for any Showing Month for any reason, including, without limitation, due to one of the reasons specified in Section 4.4, or Seller desires to provide the Contract Quantity for any Showing Month from a different generating unit other than the Unit, then Seller may, at no cost to Buyer, provide Buyer with Alternate Capacity from one or more Replacement Units, with the total amount of Product provided to Buyer from the Unit and Replacement Units up to an amount equal to the Contract Quantity for the applicable Showing Month; provided that in each case, Seller shall notify Buyer of its intent (i) not to provide or (ii) to provide Alternative Capacity and identify Replacement Units meeting the above requirements no later than ten (10) Business Days before that Showing Month’s applicable deadlines for Buyer’s RAR Showings, LAR Showings, and/or FCR Showings. If Seller notifies Buyer in writing as to the particular Replacement Units and such Units meet the requirements of this Section 4.5, then such Replacement Units shall be automatically deemed a Unit for purposes of this Confirmation for that Showing Month. (b) With respect to a Contingent Firm RA Product, if Seller does not provide Alternate Capacity in an amount equal to the Contract Quantity for that Showing Month, then Buyer may, but shall not be required to, purchase replacement Product. Seller shall not be liable for damages and/or required to indemnify Buyer for penalties or fines pursuant to the terms of Sections 4.7 and 4.8 hereof if the failure to deliver the full Contract Quantity is due to Force Majeure, any Planned Outage or any reduction of the RA Capacity of any Unit (as provided in Section 4.4) and Seller notified Buyer, no later than ten (10) Business Days before that Showing Month’s relevant deadlines for Buyer’s RAR Showings, LAR Showings, and/or FCR DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
10 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx Showings, as applicable, of Seller’s intent not to provide Alternate Capacity in an amount equal to the Contract Quantity of that Showing Month.

4.6 Delivery of Product
Seller shall provide Buyer with the Designated RA Capacity of Product for each Showing Month consistent with the following:
(a) Seller shall, on a timely basis, submit, or cause the Unit’s SC to submit, Supply Plans to identify and confirm the Designated RA Capacity provided to Buyer for each Showing Month so that the total amount of Designated RA Capacity identified and confirmed for such Showing Month equals the Designated RA Capacity, unless specifically requested not to do so by Buyer.
(b) Seller shall cause the Unit’s Scheduling Coordinator to submit written notification to Buyer, no later than ten (10) Business Days before the applicable RAR Showings, LAR Showings and/or FCR Showings deadlines for each Showing Month, that Buyer will be credited with the Designated RA Capacity for such Showing Month in the Unit’s Scheduling Coordinator Supply Plan so that the Designated RA Capacity credited equals the Designated RA Capacity for such Showing Month.

4.7 Damages for Failure to Provide Designated RA Capacity If Seller fails to provide Buyer with the Designated RA Capacity of Product for any Showing Month and such failure is not excused under the terms of this Confirmation, then the following shall apply:
(a) Buyer may, but shall not be required to, replace any portion of the Designated RA Capacity not provided by Seller with capacity having equivalent RAR Attributes, LAR Attributes and/or FCR Attributes as the Designated RA Capacity not provided by Seller, provided, that, if any portion of the Designated RA Capacity that Buyer is seeking to replace is Designated RA Capacity having RAR Attributes and no LAR Attributes (such capacity shall also include FCR Attributes if this is a Flexible Capacity Product) and no such RAR capacity is available, then Buyer may replace such portion of the Designated RA Capacity with other capacity having RAR Attributes and LAR Attributes (as well as FCR Attributes if this is a Flexible Capacity Product) (“Replacement Capacity”). Such Replacement Capacity may be provided by CAISO to Buyer pursuant to the Tariff. Buyer may enter into purchase transactions with one or more parties to replace any portion of Designated RA Capacity not provided by Seller. Additionally, Buyer may enter into one or more arrangements to repurchase its obligation to sell and deliver capacity to another party and, to the extent such transactions are done at prevailing market prices, such arrangements shall be considered equivalent to the procurement of Replacement Capacity. Buyer shall use commercially reasonable efforts to minimize damages when procuring any Replacement Capacity. (b) Seller shall pay to Buyer at the time set forth in Section 4.1 of the Master Agreement, the following damages in lieu of damages specified in Section 4.1 of the Master Agreement: an amount equal to the positive difference, if any, between (i) the sum of (A) the actual cost paid by Buyer for any Replacement Capacity, plus (B) each Capacity Replacement Price times the amount of the Designated RA Capacity neither provided by Seller nor purchased by Buyer pursuant to Section

4.7(a), and (ii) the Designated RA Capacity not provided for the applicable Showing Month times the Contract Price for that month. If Seller fails to pay these damages, then Buyer may offset those damages owed it against any future DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
11 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx amounts it may owe to Seller under this Confirmation pursuant to Article Six of the Master Agreement.

4.8 Indemnities for Failure to Deliver Contract Quantity Seller agrees to indemnify, defend and hold harmless Buyer from any penalties, fines or costs assessed against Buyer by the CPUC or the CAISO to the extent not otherwise paid by Seller to Buyer under Section

4.7(b), resulting from any of the following:
(a) Seller’s failure to provide any portion of the Designated RA Capacity; (b) Seller’s failure to provide notice of the non-availability of any portion of Designated RA Capacity as required under Section 4.6;
(c) A Unit Scheduling Coordinator’s failure to timely submit Supply Plans that identify Buyer’s right to the Designated RA Capacity purchased hereunder; or (d) A Unit Scheduling Coordinator’s failure to submit accurate Supply Plans that identify Buyer’s right to the Designated RA Capacity purchased hereunder.

With respect to the foregoing, the Parties shall use commercially reasonable efforts to minimize such penalties, fines and costs; provided, that in no event shall Buyer be required to use or change its utilization of its owned or controlled assets or market positions to minimize these penalties and fines. If Seller fails to pay the foregoing penalties, fines or costs, or fails to reimburse Buyer for those penalties, fines or costs, then Buyer may offset those penalties, fines or costs against any future amounts it may owe to Seller under this Confirmation.

4.9 Monthly RA Capacity Payment
In accordance with the terms of Article Six of the Master Agreement, Buyer shall make a Monthly RA Capacity Payment to Seller for each Unit, in arrears after the applicable Showing Month. Each Unit's Monthly RA Capacity Payment shall be equal to the product of (a) the applicable Contract Price for that Monthly Delivery Period, (b) the Designated RA Capacity for the Monthly Delivery Period, and (c) 1,000.

The final product of this Monthly RA Capacity Payment calculation shall be rounded to the nearest penny (i.e., two decimal places).

RA CAPACITY PRICE TABLE
Contract
Year/Month
RA Capacity Price
($/kW-month)

4.10 Allocation of Other Payments and Costs
Seller may retain any revenues it may receive from the CAISO or any other third party with respect to any Unit for (a) start-up, shut-down, and minimum load costs, (b) capacity revenue for ancillary services, (c) energy sales, (d) any revenues for black start or reactive power services, or (e) the sale of the unit-contingent call rights on the generation capacity of the Unit to provide energy to a third party, so long as such rights do not confer on such third party the right to claim any portion of the RA Capacity sold hereunder in order to make an RAR Showing, LAR Showing, FCR Showing, or any similar capacity or resource adequacy showing with the CAISO or CPUC. Buyer acknowledges and agrees that all Availability Incentive Payments are for the benefit of Seller and for Seller’s account, and that Seller shall receive, retain, or be entitled to receive all credits, payments, and revenues, if any, resulting from Seller achieving or exceeding Availability Standards. The Parties acknowledge and agree that any Non-Availability Charges are the DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
12 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx responsibility of Seller, and for Seller’s account and Seller shall be responsible for all fees, charges, or penalties, if any, resulting from Seller failing to achieve Availability Standards. However, Buyer shall be entitled to receive and retain all revenues associated with the Designated RA Capacity of any Unit during the Delivery Period (including any capacity or availability revenues from Reliability Must Run Agreements for any Unit, Reliability Compensation Services Tariff, and Residual Unit Commitment capacity payments, but excluding payments described in clauses (a) through (c) above). In accordance with Section 4.9 of this Confirmation and Article Six of the Master Agreement, all such revenues received by Seller, or a Unit’s SC, owner, or operator shall be remitted to Buyer, and Seller shall indemnify Buyer for any such revenues that Buyer does not receive, and Seller shall pay such revenues to Buyer if the Unit’s SC, owner, or operator fails to remit those revenues to Buyer. If Seller fails to pay such revenues to Buyer, Buyer may offset any amounts owing to it for such revenues pursuant to Article Six of the Master Agreement against any future amounts it may owe to Seller under this Confirmation.

5. CAISO OFFER REQUIREMENTS
During the Delivery Period, except to the extent any Unit is in an Outage, or is affected by an event of Force Majeure that results in a partial or full Outage of that Unit, Seller shall either schedule or cause the Unit’s Scheduling Coordinator to schedule with, or make available to, the CAISO each Unit’s Designated RA Capacity in compliance with the Tariff, and shall perform all, or cause the Unit’s Scheduling Coordinator, owner, or operator, as applicable, to perform all obligations under the Tariff that are associated with the sale of Designated RA Capacity hereunder. Buyer shall have no liability for the failure of Seller or the failure of any Unit’s Scheduling Coordinator, owner, or operator to comply with such Tariff provisions, including any penalties or fines imposed on Seller or the Unit’s Scheduling Coordinator, owner, or operator for such noncompliance.

6. RESERVED

7. OTHER BUYER AND SELLER COVENANTS

7.1. Buyer and Seller shall, throughout the Delivery Period, take all commercially reasonable actions and execute any and all documents or instruments reasonably necessary to ensure Buyer's right to the use of the Contract Quantity for the sole benefit of Buyer's RAR, LAR and/or FCR, as applicable. Such commercially reasonable actions (neither Party shall be required to spend more than $10,000 in total under the Agreement in support of such actions) shall include, without limitation:
(a) Cooperating with and providing, and in the case of Seller causing each Unit’s Scheduling Coordinator, owner, or operator to cooperate with and provide requested supporting documentation to the CAISO, the CPUC, or any other Governmental Body responsible for administering RAR, LAR and/or FCR under Applicable Laws, to certify or qualify the Contract Quantity as RA Capacity and Designated RA Capacity. Such actions shall include, without limitation, providing information requested by the CAISO, the CPUC, or by an LRA having jurisdiction, to demonstrate for each month of the Delivery Period the ability to deliver the Contract Quantity from each Unit to the CAISO Controlled Grid for the minimum hours required to qualify as RA Capacity, and providing information requested by the CPUC, the CAISO or other Governmental Body having jurisdiction to administer RAR, LAR or FCR to demonstrate that the Contract Quantity can be delivered to the CAISO Controlled Grid, pursuant to “deliverability” standards established by the CAISO, or other Governmental Body having jurisdiction to administer RAR, LAR and/or FCR; and
DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
13 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx (b) Negotiating in good faith to make necessary amendments, if any, to this Confirmation to conform this Transaction to subsequent clarifications, revisions, or decisions rendered by the CPUC, CAISO, FERC, or other Governmental Body having jurisdiction to administer RAR, LAR and FCR, so as to maintain the benefits of the bargain struck by the Parties on the Confirmation Effective Date.

7.2 Seller represents, warrants and covenants to Buyer that, throughout the Delivery Period:
(a) Seller owns or has the exclusive right to the RA Capacity sold under this Confirmation from each Unit, and shall furnish Buyer, CAISO, CPUC or other jurisdictional LRA, or other Governmental Body with such evidence as may reasonably be requested to demonstrate such ownership or exclusive right; (b) No portion of the Contract Quantity has been committed by Seller to any third party in order to satisfy RAR, LAR, FCR or such analogous capacity obligations in CAISO markets, other than pursuant to a Reliability Must Run Agreement between the CAISO and either Seller or the Unit’s owner or operator; (c) No portion of the Contract Quantity has been committed by Seller in order to satisfy RAR, LAR, FCR, or analogous capacity obligations in any non-CAISO market; (d) Each Unit is connected to the CAISO Controlled Grid, is within the CAISO Control Area, or is under the control of CAISO;
(e) The owner or operator of each Unit is obligated to maintain and operate each Unit using Good Utility Practice and, if applicable, General Order 167 as outlined by the CPUC in the Enforcement of Maintenance and Operation Standards for Electric Generating Facilities Adopted May 6, 2004, and is obligated to abide by all Applicable Laws in operating such Unit; provided, that the owner or operator of any Unit is not required to undertake capital improvements, facility enhancements, or the construction of new facilities;
(f) The owner or operator of each Unit is obligated to comply with Applicable Laws, including the Tariff, relating to RA Capacity and, as applicable, RAR, LAR and/or FCR;
(g) If Seller is the owner of any Unit, the respective cumulative sums of LAR Attributes, RAR Attributes, and FCR Attributes that Seller has sold, assigned or transferred for any Unit does not exceed that Unit’s RA Capacity;
(h) With respect to the RA Capacity provided under this Confirmation, Seller shall, and each Unit’s SC is obligated to, comply with Applicable Laws, including the Tariff, relating to RA Capacity, and RAR, LAR and FCR;
(i) Seller has notified the SC of each Unit that Seller has transferred the Designated RA Capacity to Buyer, and the SC is obligated to deliver the Supply Plans in accordance with the Tariff;
(j) Seller has notified the SC of each Unit that Seller is obligated to cause each Unit’s SC to provide to the Buyer, at least five (5) Business Days before the relevant deadline for each RAR Showing, LAR Showing, and/or FCR Showing, as applicable, the Designated RA Capacity of each Unit that is to be submitted in the Supply Plan associated with this Agreement for the applicable period; and DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
14 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx (k) Seller has notified each Unit’s SC that Buyer is entitled to the revenues set forth in Section 4.10 of this Confirmation, and such SC is obligated to promptly deliver those revenues to Buyer, along with appropriate documentation supporting the amount of those revenues.

8. CONFIDENTIALITY
Notwithstanding Section 10.11 of the Master Agreement, the Parties agree that Buyer may disclose the Designated RA Capacity under this Transaction to any Governmental Body, the CPUC, the CAISO or any LRA having jurisdiction in order to support its LAR Showings, RAR Showings, and/or FCR Showings, as applicable, and Seller may disclose the transfer of the Designated RA Capacity under this Transaction to the SC of each Unit in order for such SC to timely submit accurate Supply Plans.

9. BUYER’S RE-SALE OF PRODUCT
(a) Buyer may re-sell all or a portion of the Product hereunder; provided, however, that (i) any Subsequent Buyer assumes all of Buyer’s obligations and liabilities hereunder, and (ii) any such re-sale does not increase Seller’s obligations or liabilities hereunder. Seller will, or will cause the Unit’s SC, to follow Buyer’s instructions with respect to providing such resold Product to Subsequent Buyers, to the extent such instructions are consistent with Seller’s obligations under this Confirmation. Seller will, and will cause the Unit’s SC, to take all commercially reasonable actions and execute all documents or instruments reasonably necessary to allow such Subsequent Buyers to use such resold Product in a manner consistent with Buyer’s rights under this Confirmation. If Buyer incurs any liability to a Subsequent Buyer due to the failure of Seller or the Unit’s SC to comply with this Confirmation, Seller will be liable to Buyer for the same amounts Seller would have owed Buyer under this Confirmation if Buyer had not resold the Product. (b) Buyer will notify Seller in writing of any resale of Product and the Subsequent Buyer no later than two (2) Business Days before the Notification Deadline for the Showing Month.

Buyer will notify Seller of any subsequent changes or further resales no later than two (2) Business Days before the Notification Deadline for the Showing Month..

10. MARKET BASED RATE AUTHORITY
Seller agrees, in accordance with Federal Energy Regulatory Commission (FERC) Order No. 697, to, upon request of Buyer, submit a letter of concurrence in support of any affirmative statement by Buyer that this contractual arrangement does not transfer “ownership or control of generation capacity” from Seller to Buyer as the term “ownership or control of generation capacity” is used in 18 CFR Section 35.42. Seller also agrees that it will not, in filings, if any, made subject to Order Nos. 652 and 697, claim that this contractual arrangement conveys ownership or control of generation capacity from Seller to Buyer.

11. COLLATERAL REQUIREMENTS
Notwithstanding anything herein or in the Master Agreement to the contrary, Performance Assurance shall not be required from either Party in connection with this Transaction.

DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
Calpine Deal: 3806291
15 O:\Confirmations\RA & LAR Deals\Silicon Valley Clean Energy Authority\3806291_Phys Capacity RA SVCE 03.26.2024.docx

12. COUNTERPARTS
This Confirmation may be signed in any number of counterparts with the same effect as if the signatures to the counterparts were upon a single instrument. The Parties may rely on electronic, facsimile or scanned signatures as originals under this Confirmation. Delivery of an executed signature page of this Confirmation by facsimile or electronic mail transmission (including PDF) shall be the same as delivery of a manually executed signature page.

13. ENTIRE AGREEMENT; NO ORAL AGREEMENTS OR MODIFICATIONS This Confirmation sets forth the terms of the Transaction into which the Parties have entered and shall constitute the entire agreement between the Parties relating to the contemplated purchase and sale of the Product. Notwithstanding any other provision of the Agreement, this Transaction may be confirmed only through writing executed by both Parties, and no amendment or modification to this Transaction shall be enforceable except through a writing executed by both Parties. [SIGNATURE PAGE FOLLOWS]

ACKNOWLEDGED AND AGREED TO AS OF THE CONFIRMATION EFFECTIVE DATE Calpine Energy Services, L.P. Silicon Valley Clean Energy Authority By: ___________________________
Name: William Stokes
Title: Vice President
By: ____________________________
Name: _________________________
Title: ___________________________
DocuSign Envelope ID: 776474B6-81AE-4808-86EB-1133EAF4F701 CEO
Monica Padilla
DocuSign Envelope ID: 5BB969D9-F746-4484-A81E-9456EBAAD9E0 Appendix A Calpine
x DocuSigned y:
573FC104110B4C0...