• Subtitle
New SV Clean Energy
PowerPoint Template
SVCE Information Update on 2025
SVCE Board Elections
Executive Committee Meeting
November 22, 2024
Item 4
PRESENTATION
2 Purpose
Review the selection process and timeline for 2025 SVCE appointments for Board of Directors Chair, Vice Chair, and committees.
Item 4
PRESENTATION
3 Selection Process
January BOD Meeting
Board Chair/Vice Chair
Appointments
Executive Committee
Appointments
December 13th:
• Letters of Interest requested for Board
Chair/Vice Chair
• Notification of Executive Committee interest
requested
Deadline: December 31st: Notification to
Board Clerk for Board Chair, Vice Chair, or
Executive Committee due
Selections made at annual meeting on January
8, 2025 by vote
Item 4
PRESENTATION
4 Selection Process (Cont.)
February
All other Committee
Appointments (Audit,
Finance and
Administration, any Ad
Hoc Committees)
January 10th:
Request for members to notify Board Clerk of
interest in serving on remaining Committees
Deadline: January 31st: Notification to Board
Clerk for committee interests due
Selections made at February 12, 2025 Board of
Directors Meeting by vote.
Item 4
PRESENTATION
5 Timeline Snapshot
Dec
Jan
Feb
11th: SVCE BOD meeting Info item
13th: Requests for Board Chair/Vice Chair letters and Executive Committee interest emailed
31st: Board Chair/Vice Chair Interest Letters & Executive Committee notification of interest due
10th: Selections made at BOD meeting
11th: Written information for committee interests distributed 31st: Interest responses for committees due
12th : Remaining committee assignments made at BOD meeting Item 4
PRESENTATION
6 Thank you
Item 4
PRESENTATION
1 New SV Clean Energy
PowerPoint Template
Subtitle
Budget Update
Amrit Singh
Executive Committee
November 22, 2024
Item 5
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
2 Main Areas of Discussion
1. Recap of assumptions used in setting
the adopted budget and an update on
the budget forecast using the recent
rate forecasts
2. Comparison of adopted and updated
Budget
3. Updated reserve projection
4. Proposal on funding long-term
strategic priorities
5. Additional uncertainty in budget
projections
Purpose
1. Review updated budget projections
2. Recommend the Board approve the
updated budget
Item 5
PRESENTATION
3 FY24-25 Budget Development Timeline
May August August
High-level budget framework
discussion with the Finance
and Admin Committee
Finance & Admin
Committee review of
the proposed budget
BOD review of the
proposed budget
September March 2025
BOD adopts the budget and
agrees to revisit additional
expenditures later in the
year when there would be
more certainty on PG&E
rates
Mid-Year Budget
Review / Adjustment
Budget framework discussion
with the Executive Committee
and the BOD
May/June
November
Executive Committee and
Finance and Admin Committee
review the updated budget
based on the revised PG&E rate
filing and provide feedback on
any additional expenditures
December
BOD reviews and adopts
amendments to the budget
incorporating any additional
expenditures
Item 5
PRESENTATION
4 Key Messages
Recap of Adopted Budget Assumptions
• Conservative assumptions used in estimating revenues
• CPUC’s fall updating of RA and RPS prices used for setting the Market Price Benchmark (MPB) was highly uncertain • Budget conservatively showed contribution to reserves of $14 million using prior year’s RA and RPS MPBs • Staff estimated an additional increase in revenues of $145 million if higher RPS and RA MPB prices were adopted • Budget provided a 4% customer discount and an additional 1% offered as bill credits to low-income customers Highlights of the Updated Budget
• SVCE’s forecasted revenues are higher by about $85 million using CPUC’s updated MPB prices • Revenues are $60 million lower than staff anticipated primarily because of the recent decline in energy prices • Updating for revenues and power supply expenses, the net contribution to reserves increases from $14.0 million to $96.7 million • Trues up the budget to fund transfers to programs at 2% of updated revenues and to fund the “1%” low-income customer bill credits • Reserves slightly exceed the target days of cash on hand of 350 but remain below the maximum target of 500 (excluding earmarked funds) • Due to several delays in PG&E’s ERRA update process, the budget update contains more uncertainty than in the past • Staff may update the budget further if additional material ERRA updates are received in time for the December Board meeting Item 5
PRESENTATION
5 FY 24-25 Adopted and Updated Budget
SILICON VALLEY CLEAN ENERGY
FY 2024-25 OPERATING BUDGET
($ in thousands)
FY 2024-25 FY 2024-25
ADOPTED ADJUSTED
DESCRIPTION BUDGET BUDGET $ %
Energy Revenues 441,050 526,513 85,463 19.4%
Power Supply Expense 387,145 390,091 2,946 0.8%
Operating Margin 53,905 136,422 82,516 153.1%
Operating Expenses 36,433 36,433 0 0.0%
Non-Operating Revenue (Expense) 16,275 19,168 2,893 17.8% Annual Transfers and Other Expenses
Capital Outlay 1,002 1,002 0 0.0%
Building Fund 0 0 0 0.0%
Program Fund 8,821 10,530 1,709 19.4%
Nuclear Allocation 3,708 3,708 0 0.0%
Customer Bill Relief 4,411 5,370 959 21.7%
Hanford Emissions Mitigation Fund 1,800 1,800 0 0.0%
BALANCE AVAILABLE FOR RESERVES 14,005 96,746 82,741 590.8% Change
• Higher RA and RPS MPBs
increase revenues
• Power Supply Costs increase
slightly
• Portfolio updates, including those
for additional clean resources and
Power Purchase Agreement
changes and resulting higher RPS
and RA costs, more than offset
declines in energy prices.
• Program fund is trued up for
updated revenues
• Customer bill relief, low-income
bill credit, also trued up
Item 5
PRESENTATION
6 • Market Price Benchmarks (MPB)
reflect higher RPS and RA prices
• RPS prices for 2024/2025 have
increased 72%/125%.
• RA prices for 2024/2025 have
increased 55%/179%.
• Energy prices for 2024/2025 have
decreased -13%/-16%.
• Updated budget rate forecast,
incorporating latest MPB prices,
shows PG&E gen rates in January
decreasing on average by 8% from
2024 blended rates.
• Relative to adopted budget
assumptions, SVCE’s margins, on
average, improved by ~31%.
Resulting in a ~$85 million increase
in revenues.
• Rates are not final until late
December
• PG&E continues to challenge
CPUC MPB methodology,
proposing to utilize last year’s
MPBs.
• The adoption of one of PG&Es
proposals could reduce SVCEs
projected FY2025 revenue by
$20 to $134 Million.
* Source: Blended PG&E Jan-Jun 2024 & Jul-Dec 2024 Average Rate (Weighted for SVCE Portfolio Load) ** CalCCA NewGen Model analysis using market data as of 6/28/2024 and CPUC attribute benchmarks adopted for CY 2024 (Weighted for SVCE Portfolio Load) *** CalCCA NewGen Model analysis using market data as of 6/28/2024 and market RA and RPS prices (Weighted for SVCE Portfolio Load) Above margin analyses ignore minor reductions for franchise fees (0.09 ¢/kWh) Current Blended
2024 Rate Adopted
Budget
Blended Jan-Dec
2024 Rate*
PG&E Gen Rate:
16.00 ¢/kWh SVCE Gen Rate 14.32 ¢/kWh
4% SVCE discount
PCIA 1.04 ¢/kWh
2025 Rate**
PG&E Gen Rate:
13.76 ¢/kWh
4% SVCE discount
PCIA 2.92 ¢/kWh
Updated Budget
2025 Rate
PG&E Gen Rate:
14.76 ¢/kWh
4% SVCE discount
PCIA 0.7
¢/kWh SVCE Gen Rate
13.47 ¢/kWh
SVCE Gen Rate 10.29 ¢/kWh
Estimated
Budget
2025 Rate***
PG&E Gen Rate:
16.69 ¢/kWh SVCE Gen Rate 15.96 ¢/kWh
PCIA 0.06 ¢/kWh 4% SVCE discount
Item 5
PRESENTATION
Above margin analyses ignore minor franchise fees (0.09 ¢/kWh) 7 Current Jul-Dec
2024 Rate
Forecast of 2025
Rate
PG&E Gen Rate:
14.76 ¢/kWh
4% SVCE discount
PCIA 0.7 ¢/kWh SVCE Gen Rate 13.47 ¢/kWh
SVCE Gen Rate 10.29 ¢/kWh SVCE Customer Billing Gen Rate 14.17 ¢/kWh PG&E Gen Rate:
15.08 ¢/kWh SVCE Gen Rate 13.42 ¢/kWh
4% SVCE discount
PCIA 1.05 ¢/kWh
SVCE Customer Billing Gen Rate 14.47 ¢/kWh
-2.1%
If Forecasted Rates Prevail, SVCE Customer Rates
on Average will Decline Slightly
PG&E’s generation rate
in July 2024 decreased
on average by 11%
from January 2024
levels (SVCE portfolio weighted).
Item 5
PRESENTATION
8 Reserve Projection
Projected End of FY Reserves:
• 382 Days of Cash on Hand
(DCOH)
• Excludes Unspent Program
Funds and Building Fund
• 450 Days of Cash on Hand
(DCOH)
• If unspent Program Funds and
Building Fund were included
in the reserve calculation
450 436 447
491 471
382 389
418
470 474
0 100
200
300
400
500
FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29
Days Cash on Hand (DCOH)
DCOH (Inc. Unspent Earmarked Funds)* DCOH (Excl. Unspent Earmarked Funds)* Max Reserves Target Reserves
Min Reserves
* Earmarked funds are unspent SVCE Program Funds and Building Fund.
Item 5
PRESENTATION
9 Funds Above Projected SVCE Reserve
Target
• 5-yr reserve forecast shows reserves above target levels and approaching the maximum reserve levels
• Financial projection enables SVCE to consider funding longer-term key SVCE mission-aligned strategic priorities • These strategic priorities are addressed in the next agenda item • For fiscal year 2024-25, the forecast ending DCOH is 382, which is 32 DCOH above the target DCOH of 350 and equates to $40 million.
Item 5
PRESENTATION
10 Funding Criteria for Strategic Priorities
• Generally, direct funds above target DCOH
• During the December budget update or the mid-year budget update, staff will propose the funding level after reviewing the available information on prior fiscal year financial results and accounting for the level of uncertainty in the budget forecast • For fiscal year 2024-25, Staff does not recommend any funding yet • There’s greater uncertainty on rates the CPUC will approve in December • Staff may recommend funding during the mid-year budget update Item 5
PRESENTATION
11 Additional Uncertainty In this Fiscal Year’s
Budget
• PG&E continues to propose capping RA MPBs at last year’s levels • CPUC judge ruled earlier that PG&E’s arguments were out of scope but could be considered in a new proceeding or a reopening of the PCIA proceeding
• PG&E now argues that high MPBs create a cost shift
• SVCE with CalCCA will continue to make the case in this proceeding that PG&E’s arguments are out of scope • Uncertain how the CPUC will rule
• CPUC’s Energy Division released MPBs on October 4th but subsequently made two corrections, with the latest correction on November 5th
• As a result of these delays, staff does not have all PG&E ERRA updates and NewGen Consultant model updates • Final rates are expected to be published at the end of December, after PG&E updates ERRA account balances, incorporates CPUC decision likely on Dec. 15, and files its Annual Electric True-up advice letter.
Item 5
PRESENTATION
12 Recommendation
Recommend that the Board of Directors approve the
updated Fiscal Year 2024-25 operating budget.
Item 5
PRESENTATION
13 Thank you! / Questions?
Item 5
PRESENTATION
14 Estimated Customer Billing Rate
Breakdown and Comparison Y-o-Y
Note
Total CARE/FERA bill discount (including T&D) vs average residential customer, assuming the same usage (491 kWh/month) is about 44%.
On average, CARE/FERA usage is about 12% lower than that of an average E-TOUC customer. 2024 2025 2024 2025* 2024 2025 2024 2025 2024 2025
Rate Schedule (as of Oct, 2024) E-TOUC Est. Avg E-TOUCL Est. Avg B-1 Est. Avg B-10S Est. Avg B-19S Est. Avg PG&E Bundled Gen Rate ($/kWh) $ 0.1501 $ 0.1553 $ 0.1503 $ 0.1553 $ 0.1499 $ 0.1469 $ 0.1581 $ 0.1541 $ 0.1442 $ 0.1459 SVCE Gen Rate ($/kWh) $ 0.1320 $ 0.1407 $ 0.1323 $ 0.1407 $ 0.1324 $ 0.1330 $ 0.1395 $ 0.1396 $ 0.1270 $ 0.1322 PG&E Delivery Rate ($/kWh)** $ 0.2807 $ 0.2807 $ 0.1242 $ 0.1242 $ 0.2830 $ 0.2830 $ 0.2108 $ 0.2108 $ 0.1613 $ 0.1613 PG&E PCIA/FF ($/kWh) $ 0.0121 $ 0.0084 $ 0.0121 $ 0.0084 $ 0.0116 $ 0.0080 $ 0.0122 $ 0.0084 $ 0.0115 $ 0.0079 Total Electricity Cost ($/kWh)** $ 0.4248 $ 0.4298 $ 0.2685 $ 0.2733 $ 0.4270 $ 0.4240 $ 0.3625 $ 0.3588 $ 0.2998 $ 0.3014 SVCE CARE/FERA Monthly Credit* $ (12.50) $ (16.94)
Est. Average Usage (kWh/month) 491 491 491 491 1,851 1,851 22,540 22,540 148,625 148,625 SVCE Gen Rate Discount vs PG&E 4% 4% ~21%* ~26%* 4% 4% 4% 4% 4% 4% Est. Av. Monthly Savings vs PG&E $ 3.09 3.05 $ 15.59 19.99 $ 11.16 10.87 $ 143.54 138.97 $ 902.81 867.53 *Estimated, based on PG&E October 2024 ERRA update and average historic residential usage and number of CARE/FARE customers as of September 27, 2024. ** The 2025 PG&E delivery charges at current levels (as of October 2024) because 2025 rates are not yet available.
Residential Res CARE/FERA* Small Commercial Medium Commercial Large Commercial Item 5
PRESENTATION
15 Typical Customer Bill Savings
(Current Rates)
SVCE PG&E SVCE PG&E SVCE PG&E SVCE PG&E SVCE PG&E
Rate Schedule (eff. July 1, 2024) E-TOUC E-TOUC B-1 B-1 B-10 B-10 B-19S B-19S Average Usage (kWh/month) 491 491 491 491 1,851 1,851 22,540 22,540 148,625 148,625 Annual Peak Demand (kW) 499 499
PG&E Electric Delivery $ 124.84 $ 124.84 $ 55.22 $ 55.22 $ 482.30 $ 482.30 $ 4,755.94 $ 4,755.94 $25,884.53 $25,884.53 Electric Generation $ 68.34 $ 77.36 $ 68.34 $ 77.36 $ 246.10 $ 278.69 $ 3,169.39 $ 3,588.37 $19,964.14 $22,570.19 CARE/FERA monthly bill credit $ (12.50)
PG&E Added Fees (PCIA, Franchise)$ 5.93 $ 5.93 $ 21.43 $ 275.44 $ 1,703.24 Average Total Cost $ 199.11 $ 202.20 $ 116.99 $ 132.58 $ 749.83 $ 760.99 $ 8,200.77 $ 8,344.31 $47,551.91 $48,454.72 Average Monthly Savings $ 3.09 $ 15.59 $ 11.16 $ 143.54 $ 902.81 *Estimated based on average residential customer usage, PG&E delivery charges and number of CARE/FERA customers as of July 25, 2024.
Residential Res CARE/FERA* Small Commercial Medium Commercial Large Commercial Item 5
PRESENTATION
16 MPB Impact on Rate Projections • MPBs for RA and RPS are significantly above last year’s levels, while energy
prices have declined.
• Updated 2025 forecast RPS MPB is
~125% / 31% higher than 2024
forecast/actual MPBs
• Updated 2025 system RA MPB is ~
165% / 54% above 2024 forecast /
actual MPBs
• CPUC uses a historical volume-weighted average of all IOU, CCA, and ESP market transactions
executed in a specific time frame to
set next year’s MPBs.
* Source: CalCCA NewGen Model analysis using market data as of 6/28/2024 and CPUC MPBs (Market Price Benchmark) adopted for CY 2024 (Weighted for SVCE Portfolio Load) ** Blended PG&E Jan-Jun 2024 & Jul-Dec 2024 Average Rate (Weighted for SVCE Portfolio Load) *** CalCCA NewGen Model analysis using market data as of 6/28/2024 and estimated CPUC MPBs for CY 2025 (Weighted for SVCE Portfolio Load) Above margin analyses ignores minor reductions for franchise fees (0.09 ¢/kWh) Adopted
Budget 2025
2025 Rate*
Estimated FY2025
Revenue $441M
PG&E Gen Rate:
13.76 ¢/kWh
PCIA 2.92 ¢/kWh SVCE Gen Rate 10.29 ¢/kWh
4% SVCE discount
PG&E Gen Rate:
16.69 ¢/kWh
PCIA 0.06 ¢/kWh 4% SVCE discount
2025 Rate
PG&E Gen Rate:
14.76 ¢/kWh
4% SVCE discount
PCIA 0.7 ¢/kWh SVCE Gen Rate 13.47 ¢/kWh
SVCE Gen Rate 15.96 ¢/kWh
2025 Rate*
Estimated FY2025
Revenue $586M
Estimated FY2025
Revenue $525M
• Energy
• RA
• RPS
• Energy
• System RA
• Local/Flex RA
• RPS
2023 2024 2025
Forecast RPS
Transacted in
09/2021 - 08/2022
for CY 2023
Transacted in
09/2022 - 08/2023
for CY 2024
Transacted in
09/2023 - 08/2024
for CY 2025
Final RPS
Transacted in
12/2021 - 08/2023
for CY 2023
Transacted in
12/2022 - 08/2024
for CY 2024
Transacted in
12/2023 - 08/2025
for CY 2025
Forecast RA - system & flex
Transacted in
09/2021 - 08/2022
for CY 2023
Transacted in
09/2022 - 08/2023
for CY 2024
Transacted in
09/2023 - 08/2024
for CY 2025
Forecast RA - local
Transacted in
09/2019 - 08/2022
for CY 2023
Transacted in
12/2020 - 08/2023
for CY 2024
Transacted in
09/2021 - 08/2024
for CY 2025
Final RA - system & flex
Transacted in
12/2021 - 08/2023
for CY 2023
Transacted in
12/2022 - 08/2024
for CY 2024
Transacted in
12/2023 - 08/2025
for CY 2025
Final RA- local
Transacted in
12/2019 - 08/2023
for CY 2023
Transacted in
12/2020 - 08/2024
for CY 2024
Transacted in
12/2021 - 08/2025
for CY 2025
Set by CPUC in October 2023
Will be set by CPUC in October 2024
Item 5
PRESENTATION
17 Updated Market Price Benchmark
2025 Forecast On Peak Energy MPB 64.77 64.77 55.02 -15.1% -15.1% 2025 Forecast Off Peak Energy MPB 63.78 63.78 53.18 -16.6% -16.6% 2024 Actual On Peak Energy MPB 50.75 50.75 44.08 -13.1% -13.1% 2024 Actual Off Peak Energy MPB 47.95 47.95 42.22 -11.9% -11.9% 2025 Forecast RPS MPB 31.73 62.00 71.24 124.5% 14.9% 2.4% 2024 Actual RPS MPB 31.73 50.00 54.56 72.0% 9.1% 0.8%
2025 Forecast System RA MPB 15.23 33.50 42.54 179.3% 27.0% -0.6% 2025 Forecast Local RA MPB 9.52 20.94 13.29 39.6% -36.5% -7.3% 2025 Forecast Flex RA MPB 9.12 20.06 14.16 55.3% -29.4% -3.0% 2024 Actual System RA MPB 15.23 21.40 28.65 88.1% 33.9% 4.0% 2024 Actual Local RA MPB 9.52 13.38 12.22 28.4% -8.6% -1.1% 2024 Actual Flex RA MPB 9.12 12.81 12.89 41.3% 0.6% 0.0% Impact on the headroom
(gen rate - PCIA) - Est.
Budget vs Upd. Budget
-6.5%
-4.2%
Estimated
Budget
6/28
% Change
from
Budget
% Change
from Est.
Budget
Adopted
Budget 6/28
Updated
Budget
10/25
Item 5
PRESENTATION
1 New SV Clean Energy
PowerPoint Template
• Subtitle
Affordable
Clean Community Fund
Executive Committee Meeting
November 22, 2024
Item 6
PRESENTATION
2 Proposal to establish an Affordable Clean Community Fund Discussion Item
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
3 1. Why we need this fund
2. Funding priorities and targets
3. Funding allocations and FY24/25 budget estimates
4. Implementation process and accounting overview
Discussion Structure
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
4 Why We Need This Fund
Strategic direction from the Board will enable staff to plan for and grow the impact of SVCE’s strategic
community investments.
Item 6
PRESENTATION
5 Reduce dependence on fossil fuels by providing
carbon free, affordable, and reliable electricity and
innovative programs for the SVCE community.
SVCE Mission
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
6 1. As reserves reach target levels, SVCE can fund longer-term mission-aligned strategic priorities.
2. Increasing electric bills underscore the need for SVCE to have consistent discounts.
3. New air district policies will exponentially increase the demand for heat pumps and the need for support to ensure affordability for all.
4. Evolving market conditions make it more difficult to hit clean targets and amplify the need for new technologies and local developments to supply affordable and reliable clean energy.
SVCE is at an inflection point that requires
strategic direction.
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
7 1. Instead of making decisions every year, we need multi-year strategic direction.
2. Staff has proposed three priority areas for funding.
3. Board retains authority to shift direction if circumstances change.
Board direction will enable staff to plan for large
investments & grow impact.
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
8 Funding Priorities and Targets
By investing in three priority areas, SVCE will be
doing its best to ensure the energy transition is
affordable and accessible for all in the short, medium
and long term.
Item 6
PRESENTATION
9 1. Funds above Reserve Policy Targets will be identified as part of budget process.
2. For FY 24-25, based on the updated December 2024 budget estimate, ~$40M is available to establish the ACC Fund.
3. At mid-year Budget, March 2025, staff will confirm estimates and make a recommendation to fund the ACC Fund.
Allocations are based on Board set priorities. The following examples assume $40M available in total.
Determining the Availability of Funds & Allocations
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
10 1. Discount Stabilization – SVCE discount should be secure amid changing conditions.
2. Scalable Support for Pollution-Free Appliances – Everyone must be able to upgrade to a heat pump.
3. Local and Emerging Power Supply Technology – We need new solutions for a long-term clean supply.
This three-pronged approach can help clean energy be
affordable for all – today and in the future.
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
11 Discount Stabilization
Recommendation Customer Benefit Cost to SVCE
Build a fund to ensure a
rate discount even in
bad years.
Each 1% discount:
~60 cents/month/residential
customer
~$3/month for average non-res
customer
Larger monthly savings for large C&I
who have more usage
Up to $75M
Stabilizes discount three years
Each 1% discount costs
~$5M/year
5% is about $25M/year
Item 6
PRESENTATION
12 Scalable Support for Pollution-Free Appliances
*This funding is unlikely to
Recommendation Customer Benefit Cost to SVCE
Build a fund to
provide scalable rebates
and financing for heat
pump water heaters
(HPWH) installed after
regulation.
Rebates and/or financing to lower upfront cost.
Customers with the greatest need get the
greatest support.
Aim design of programs to provide support for up
to 100% of HPWH installations.
Consistent funding, not come-and-go state
programs.
Up to $90M
- Estimate needed for three years.
- Actual programs deployed will
depend on funding available and
learnings from ongoing
programs.
- Program timing would align with
regulations going into effect.
- Staff ran several scenarios to
estimate funding needed for
three years of support – example
in appendix.
Note: SVCE will also continue to consider external funding sources such as energy efficiency program dollars, to better ensure sufficient support coverage.
Item 6
PRESENTATION
13 x
Local & Emerging Power Supply Technology
Recommendation Customer Benefit Cost to SVCE
Build a fund to
invest in the above
market costs of
local and emerging
power supply
technologies.
Investments in emerging technology can
bring down costs long term and help to
stabilize emissions.
This fund would be set aside for:
• Local projects
• Demand flexibility
• Emerging technologies
Up to $100M
Staff will develop investment
recommendations based on
level of funding.
Item 6
PRESENTATION
14 Priority Investment Cap Key Risks
Discount Stabilization
$75M
Estimate needed to secure three
years of a 5% discount
- Customers don’t notice or feel
value
Scalable Support for Pollution-Free Appliances
$90M
Estimate needed to provide
support the first three years of
BAAQMD. Example in appendix.
- Low demand (BAAQMD
changes)
- Programs scaling challenges
Local and Emerging Technology
$100M
Estimate needed to catalyze a
combination of demand flex, local
and emerging technologies.
- Technology doesn’t work
- Costs are much higher
- Technology not available
Discussion: Summary of Proposed Priorities &
Targets
Item 6
PRESENTATION
15 Funding Allocations and FY24/25 Budget
Estimates
Item 6
PRESENTATION
16 Option A: Strict Waterfall – Discount Funded First
Priority Allocation FY 24/25 – Estimated $40M
Discount Stabilization 100% ~$40M or 53% of target
Scalable Support of Pollution-Free
Appliances 0% until discount funded $0
Power Supply Emerging Technology 0% until discount and appliances funded $0
This option would fund each target fully, in order of priority, starting with the discount.
Thus, the preceding priorities wouldn’t be funded until the preceding priority was 100%.
Item 6
PRESENTATION
17 Option B: Strict Waterfall – Appliances Funded
First
Priority Allocation FY 24/25 – Estimated $40M
Scalable Support of Pollution-Free
Appliances 100% ~$40M or 44% of target
Rate Discount 0% until appliances are funded $0
Power Supply Emerging Technology 0% until appliances and rate are funded $0
This option would fund each target fully, in order of priority, starting with appliances. Thus, the preceding priorities wouldn’t be funded until the preceding priority was 100%.
Item 6
PRESENTATION
18 RECOMMENDED Option C: Percent Allocation
Priority Allocation FY 24/25 – Estimated $40M
Discount Stabilization 40% ~$16M or 21% of target
Scalable Support of Pollution-Free
Appliances 40% ~$16M or 18% target
Power Supply Emerging Technology 20% ~$8M or 8% of target In this option, each priority would receive a portion of funding starting in FY 24/25. Once the discount and appliances allocations are at their targets, all remaining funds would go towards emerging tech.
Item 6
PRESENTATION
19 Discussion: Staff Recommends Option C
Priority Option Allocation Options
FY 24/25
FY 24/25 –
Estimated $40M
Discount Stabilization
A 100% $40M - 53% target
B 0% $0 - 0% target
C 40% $16M - 21% target
Universal Support of
Pollution-Free Appliances
A 0% $0 - 0% target
B 100% $40M - 44% target
C 40% $16M - 18% target
Power Supply Emerging
Technology
A 0% $0 - 0% target
B 0% $0 - 0% target
C 20% $8M - 8% target
Item 6
PRESENTATION
20 Implementation Process and Accounting Overview
Item 6
PRESENTATION
21 1. Board adopts a resolution to establish the ACC Fund, with threshold to determine funding level available, set funding priorities, targets, and allocations.
2. As part of budgeting process, if funds are available, Board approves the annual transfers to each fund based on the predetermined allocations.
3. Staff will bring spending proposals for ACC Fund priorities to the Board for review and approval as necessary.
4. Each ACC Fund priority is capped based on recommended maximums. Total ACC Fund set at $265M. NOTE: This fund is distinct from the programs fund.
5. The Board may adopt changes to the allocation percentages and/or targets at any time.
Proposed ACC Fund Process and Guidelines
Item 6
PRESENTATION
SILICON VALLEY
CLEAN ENERGY
22 Appendix svcleanenergy.org
[email protected]
Item 6
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
23 Heat pump water heater demand will exceed
current budget
• SVCE has budget for
2,145 new water
heaters through FY 26-
27. • In 2027, heat pump
water heater demand is
expected to increase
about 10,000 per year
due to local policies.
Item 6
PRESENTATION
30000
25000
20000
15000
10000
5000
(0
CD
Budgeted heat pump water
heater demand
CD
to
Projected heat pump water
heater demand
Q.
E
tn
CD
co
CD
CD
To
co
0 FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29 FY 29-30 24 Current programs budget spend is ramping up;
will mostly be deployed by Fiscal Year 2026-2027
*Total budget is not inclusive of any additional funding added. • Demonstrating approaches,
learning, gathering data,
and informing how to scale.
• Actual spend depends on
program uptake, so forecast
has large uncertainty.
• Budget used for all decarb
programs (buildings and
transportation), resilience,
C&I decarb, E-ELEC, etc.
• Cumulative spend doubled
over two years prior to FY
23-24.
Item 6
PRESENTATION
Projected Spend
200
150
100
O
50 co
O
Q
0 FY 23-24 FY 24-25
Available & Reserved Remaining
FY 25-26 FY 26-27 FY 27-28
25 Major Variables
% Customer Participation 85%
% BAAQMD Compliance 75%
SVCE Admin Cost (%) 20%
Income Group AMI Range ($ for family of 4) Offering
% SVCE
Housing
Annual
HPWHs
through
SVCE
SVCE Annual
Rebate &
Finance Cost
Annual
Admin Cost
Total Annual
SVCE Cost
Very Low <60% (<$84,960) Full cost coverage 1% 50 $0.4M $0.08M $0.5M Low 60-80% ($84,960 - $113,280) $4,500 rebate 9% 790 $3.6M $0.7M $4M Median 80-150% ($113,280 - $212,400) $2k + 0% financing 49% 4,285 $12.4M $2.5M $15M High >150% ($212,400) $1k or 0% financing 41% 3,560 $4.6M $0.9M $6M SMB - $2k + 0% financing - 300 $0.9M $0.2M $1M
TOTAL 100% 8,685 $21M $4M $26M
Appliance Support Needed - Example
Item 6
PRESENTATION
26 Community Advocates Ranking
Recommendations
Item 6
PRESENTATION
27 Thank you! svcleanenergy.org
[email protected]
Item 6
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
• Subtitle
New SV Clean Energy
PowerPoint Template
Policy Streamlining
Project
Michael Callahan
Demarie Weber
November 22, 2024
Item 7
PRESENTATION
Amended
SILICON VALLEY
CLEAN ENERGY
2 Recommendation for ExCom
Adopt staff’s proposed revisions to policies including the following:
Policies for Adoption Policies for Retirement
• G&A Vehicle and Charger Use Policy
• G&A California Public Records Act Policy
• G&A CEO Absence Policy
• G&A Hybrid Meetings Policy
• G&A Files and Records Management Policy
• HR Personnel and Reimbursement Policy
• G&A Vehicle Use Policy
• G&A Charging Station Policy
• G&A Travel and Meeting Expense
Reimbursements Policy
• HR Smartphone Stipend Policy
• HR Recruitment Incentive Policy
• HR Volunteer Time Off Policy
• HR Unpaid Leave Policy
• HR Paid Time Off Cash Out
• HR Tuition Assistance Policy
• HR Cash in Lieu of Health Benefits Policy
• HR Fitness Reimbursement Benefit Policy
Item 7
PRESENTATION
Amended
3 Framework
2024 Policy Refresh
November 2023: Discussion with
Finance and Administration
Committee
Review all policies for needed
updates
Ensure right level of detail
November 22, 2024:
Executive
Committee
Reviewing Changes
General and
Administrative
Human Resources
2024: Internal staff work
to recommended
changes
Update and reduce
language
Eliminate
redundancies
Transfer extensive or
sensitive details to
standards
Keep key policy details
at the Board
November 25, 2024:
Finance and
Administration
Committee
Reviewing Changes
Finance
Information
Technology
December 11, 2024:
Board Meeting
Adopt Changes
Retire policies
Adopt new
policies
December 2024:
After Board
decision
Staff Adopts all
finalized
standards
Near-term Post
Adoption
Roll out to staff
Long-term Post
Adoption
Regular reviews
Regular trainings
Item 7
PRESENTATION
Amended
O
November 2023: Discussion with
Finance and Administration
Committee
• Review allpolicies for needed
updates
• Ensure right levelof detail
November 22, 2024:
Executive
Committee
ReviewingChanges
• General and
Administrative
• Human Resources
2024: Internalstaff work
to recommended
changes
• Update and reduce
language
• Eliminate
redundancies
• Transfer extensive or
sensitive details to
standards
• Keep key policy details
at theBoard
November 25, 2024:
Finance and
Administration
Committee
ReviewingChanges
• Finance
• Information
Technology
December 11,2024:
Board Meeting
Adopt Changes
• Retire policies
• Adopt new
policies
Near-term Post
Adoption
• Roll outtostaff
December 2024:
After Board
decision
• StaffAdopts all
finalized
standards
Long-term Post
Adoption
• Regular reviews
• Regulartrainings
4 RECORDS BY TYPE (%)
STANDARD
30 (37%)
POLICY
21 (26%)
RETIRED
30 (37%)
SVCE
82 DOCUMENTS
TAKEAWAYS
63% (52 of 82 records) are existing records.
• 26% (21 of 82 records) are policies.
• 37% (30 of 82 records) are standards.
• 1% (1 of 82 records) is a handbook that includes
information found in policies and standards.
37% (30 of 82 records) are retired policies.
• 13% (4 of 30 retired policies) fall under Finance.
• 10% (3 of 30 retired policies) fall under General and Administrative.
• 27% (8 of 30 retired policies) fall under Human
Resources.
• 50% (15 of 30 retired policies) fall under Information Technology.
Policy
HANDBOOK
1 (1%)
Standard
Handbook
Retired
Status Summary
2024 Policy Refresh
Item 7
PRESENTATION
Amended
5 KEY TAKEAWAYS
1) Consolidation of the
vehicle and charger
use policies
2) California Public
Records Act was
refreshed to include
exceptions
• Vehicle and Charger Use policies consolidated into a single new policy with a new standard
• CEO Absence and Hybrid Meetings policies were refreshed with administrative clean up
• No changes to the Code of Ethics, Chair and Vice Chair, and Ticket and Pass Distribution policies
• California Public Records Act policy includes additional administrative clarifications
Other General and Administrative Revisions
General and Administrative Policy Takeaways
2024 Policy Refresh
Item 7
PRESENTATION
Amended
6 General and Administrative
2024 Policy Refresh
SUMMARY GRAPHIC – GENERAL AND ADMINISTRATIVE
GAP-01 GAP-04 GAP-05 GAP-06 GAP-07 GAP-08 GAP-09 GAP-10 GAS-01 GAS-03*
GAS-02
GAP-01 GAP-02 GAP-03
GAP01 - Vehicle and Charger Use
GAP04 - California Public Records Act
GAP05 - Code of Ethics
GAP06 - Chair and Vice Chair Vacancy
GAP07 - CEO Absence
GAP08 - Ticket and Pass Distribution
GAP09 - Hybrid Meetings
GAP10 - Files and Records Management
GAS01 - Vehicle and Charger Use
GAS02 - Files and Records Management
GAS03 - Travel and Meeting Expense Reimbursements
[Retired] GAP01 - Travel and Meeting Expense
Reimbursements
[Retired] GAP02 - Vehicle Use Policy
[Retired] GAP03 - Charging Station Policy
8 Policies
3 Standards
3 Retired
*GAS-03 falls under HRP-01 Personnel and Reimbursement
Item 7
PRESENTATION
Amended
7 Next Steps
• Nov 25 - Finance and Administration Committee
• Information Technology Policies
• Finance Policies
• Dec 11 – Board Meeting
• All policies
• ~Dec 12 – Staff adopts standards
• Q1 2025 – Roll out policy changes to staff & train incoming Board members
• Continuous improvement with regular reviews and trainings Item 7
PRESENTATION
Amended
8 Thank you! Questions?
Item 7
PRESENTATION
Amended
9 Appendix A: FAC Policies
Item 7
PRESENTATION
Amended
10 Recommendation for FAC
Adopt staff’s proposed revisions to policies including the following:
Policies for Adoption Policies for Retirement
• Finance Accounting Policy
• Finance Budget Policy
• Finance Purchasing and
Spending Policy
• Finance Investment Policy
• Finance Delinquent
Accounts & Collections
Policy
• Finance Capitalization
Policy
• Finance Customer
Generation Rates
• IT Information
Technology Policy
• Finance Capital Projects Policy
• IT Information Systems Use
Policy
• IT Email Use Policy
• IT Asset Management Policy
• IT Internet Usage Policy
• IT Security Plan Policy
• IT Access Control Policy
• IT Password Protection Policy
• IT Malware Defense Policy
• IT Security Audit Policy
• IT Disaster Recovery Policy
• IT Threat-Risk Assessment
Policy
• IT Satisfaction Policy
• IT Data Breach Policy
• IT Workstation Security for
HIPPA Policy
• IT Clean Desk Policy
Item 7
PRESENTATION
Amended
11 Recommendation for FAC
Adopt staff’s proposed revisions to policies including the following:
Policies for Adoption Policies for Retirement
• G&A Files and Records
Management Policy
• HR Personnel and
Reimbursement Policy
• G&A Travel and Meeting Expense Reimbursements Policy
• HR Smartphone Stipend Policy
• HR Recruitment Incentive Policy
• HR Volunteer Time Off Policy
• HR Unpaid Leave Policy
• HR Paid Time Off Cash Out
• HR Tuition Assistance Policy
• HR Cash in Lieu of Health Benefits Policy
• HR Fitness Reimbursement Benefit Policy
Item 7
PRESENTATION
Amended
12 Appendix B: Controls
Item 7
PRESENTATION
Amended
13 Name Controls
GAP02 - Vehicle and Charger Use
Policy
Purpose: SVCE EV and officer charger
use
Cadence: Review every five (5) years
1) Staff maintains standards for AOV management that include pre-driving and qualification requirements, reservation process, driving requirements, reported accidents; traffic violations, parking tickets; required documentation, and serving the AOV.
2) Staff maintains standards for electric vehicle charging stations located at the SVCE office, which include charging requirements and limitations, safety, and limitation of liability.
GAP04 - CA Public Records Act
Policy
Purpose: Managing PRA requests
Cadence: Review every five (5) years
1) SVCE must adhere to the California Public Records Act (CPRA) and SVCE affirms the public's right to access its public records. SVCE staff will cooperate fully with the Board Clerk in producing records in a timely manner typically within 10 calendar days starting the day after the request receipt date except in cases with unusual circumstance.
2) The requestor is responsible for any direct cost of producing a paper or electronic record if applicable. If a request requires compilation, extraction, or computer programming to produce the record, or requires the production of an electronic record that is otherwise produced only at regularly scheduled intervals, the requester shall bear the cost of producing the electronic copy, including the fully burdened hourly rate of staff members required to construct the record or the cost charged by an outside programmer or consultant. SVCE is not required to reconstruct electronic copies of records that are no longer maintained or available in an electronic format.
General and Administrative Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
14 Name Controls
GAP02 - Vehicle and Charger Use
Policy
Purpose: SVCE EV and officer charger
use
Cadence: Review every five (5) years
1) Staff maintains standards for AOV management that include pre-driving and qualification requirements, reservation process, driving requirements, reported accidents; traffic violations, parking tickets; required documentation, and serving the AOV.
2) Staff maintains standards for electric vehicle charging stations located at the SVCE office, which include charging requirements and limitations, safety, and limitation of liability.
GAP05 - Code of Ethics Policy
Purpose: Obligations to public, gifts,
conflicts
Cadence: Review every five (5) years
1) Officers and employees of SVCE at all levels are guardians of the public trust. SVCE officers and employees are required to be impartial and responsible in the fulfillment of their duties. 2) SVCE officers and employees are prohibited from making, participating in making, or attempting to influence a decision of SVCE in which he or she has a financial interest as defined by law. 3) In addition to any other penalty as provided by law, employees who violate the Code of Ethics will be subject to disciplinary action, up to and including termination. Members of the Board of Directors or other officers who intentionally or repeatedly do not follow this Code of Ethics may be reprimanded or formally censured by the Board, lose committee assignments, or have official travel restricted.
GAP06 - Chair and Vice Chair
Vacancy Policy
Purpose: Procedures for Interim Chair
Cadence: Review every five (5) years
1) At any meeting where the Chair and Vice Chair are not present, the previous Chair of that body will serve as Interim Chair. If that person is not present, the longest-serving member of that body will serve as Interim Chair. If it is a new committee, members will draw lots to determine the Interim Chair.
General and Administrative Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
15 Name Controls
GAP07 - CEO Absence Policy
Purpose: For temporary CEO absences
Cadence: Review every five (5) years
1) When the CEO is absent from work and unavailable to perform the regular functions of the role, the CEO shall designate one Department Director to serve as Acting CEO during their absence. In cases where the CEO is unable to designate an Acting CEO or should an absence extend beyond 30 days, a special meeting of the Executive Committee shall be called to appoint an Acting CEO.
GAP08 - Ticket and Pass
Distribution Policy
Purpose: Rules for tickets given to
staff
Cadence: Review every five (5) years
1) SVCE is subject to the Political Reform Act. The use of tickets of passes is a privilege extended by SVCE and not the right of any person to which the privilege may from time to time be extended. Tickets or passes shall not be transferred to any other person except to members of such SVCE Official's Immediate Family or no more than one guest solely for their attendance at an event. 2) Within 30 days of adopting of amendment of this Policy, the Policy shall be posted on SVCE's website and the link of the website shall be emailed to the FPPC. 3) Within 45 days of distribution of a ticket or pass, SVCE must report the distribution on FPPC Form 802 containing agency, function, recipients, and verification.
GAP09 - Hybrid Meetings Policy
Purpose: Allows remote Board
participation
Cadence: Review every five (5) years
1) At least a quorum of the members of the SVCE's Board of Directors/Committee members must participate in person at a singular physical location within the agency's jurisdiction where the public can attend.
General and Administrative Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
16 Name Controls
GAP10 - Files and Records
Management Policy
Purpose: Rules for maintaining SVCE
records
Cadence: Review every five (5) years
1) SVCE is subject to the CPRA and must maintain records for public inspection. SVCE developed standards that outline methods for record maintenance to support public access and transparency.
GAS01 - Vehicle and Charger Use
Purpose: SVCE EV and officer charger
use
Cadence: Review every five (5) years
1) AOV drivers must be added to the insurance plan, sign off on the AOV driver code-of-conduct, submit a new driver checklist, and be approved by the Director of ESCR or his or her designee. 2) The SVCE charging station stalls are limited to 4 hours of use. Authorized SVCE personnel may disconnect the vehicle at any time.
GAS02 - Files and Records
Management
Purpose: Rules for maintaining SVCE
records
Cadence: Review every five (5) years
1) Files labeled with employee names are considered confidential personnel files only accessible to those who are in direct line of supervisory authority or those responsible for payroll or human resource duties on a need-to-know basis.
2) Staff shall determine whether files labeled with an energy counterparty name contain confidential information before public release.
3) Record Retention Periods is a guide for record maintenance. Three to six months after year-end, a CEO-designated SVCE employee will proceed with record destruction for files that have exceeded their holding period.
General and Administrative Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
17 Name Controls
GAS02A01 - Files and Records
Management Att - Retention
Periods
Purpose: Records retention guide for
maintaining SVCE records
Cadence: Review every five (5) years
1) Describes records retention periods for records maintenance.
GAS03 - Travel and Meeting
Expense Reimbursements
Purpose: Reimbursement for business
expenses
Cadence: Review every five (5) years
1) Advanced CEO approval is required for incurring expenses for out-of-state travel by SVCE employees. 2) All in-state travel involving overnight accommodations is approved by the appropriate department head only under specified conditions.
3) Travel and meeting expenditures shall not exceed approved budget appropriations and associated fiscal policies.
4) Reimbursement claims should be submitted no later than 60 days, and in no event later than 180 days, after the event and include an itemization of expenses, a brief explanation, and original receipts.
General and Administrative Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
18 Name Controls
HRP-01 [Personnel &
Reimbursement]
Purpose: Delegate personnel authority
to CEO
Cadence: Review every five (5) years
1) CEO is designated as the Personnel Officer and is authorized and directed to administer the personnel system, and may delegate powers of the Personnel Officer as appropriate. 2) The Personnel Officer and General Counsel will act as appointing authorities for all employees of SVCE implementing an employee handbook, personnel rules and regulations necessary for personnel administration.
3) Board approval needed to add a position added or adjust salary that causes the total annual budget to be exceeded in total by fiscal year-end.
HR Handbook
Purpose: HR rights and policies for
staff
Cadence: Review every one (1) year
1) One source for employee-facing HR standards and policies. 2) Updates to any employee-facing HR Standard or Policy is summarized in the HR Handbook. 3) Generally provides limitations and requires various approvals by HR and Finance and Administration for the different types of leave and benefits including unpaid leave, accommodations, PTO cash out option, etc.
HRS-01 [Technology Stipend]
Purpose: Benefit for phone & internet
service
Cadence: Review every five (5) years
1) Employee registers their smartphone to SVCE Mobile Asset Management (MAM) program. 2) Residential internet service needs to be at least 100 Mbps (download)/ 20 Mbps (upload). 3) Stipend is neither permanent or guaranteed. SVCE reserves the right to modify or cancel this benefit. 4) SVCE does not accept liability for claims, charges, or disputes between service provider(s) and the employee.
Human Resources Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
19 Name Controls
HRS-02 [Recruitment Incentive]
Purpose: Support competitive hiring
Cadence: Review every five (5) years
1) Threshold of 10% of salary or $15,000 incentive.
2) Employee must compensate SVCE if the employee terminates within 12 months from which the bonus is received.
HRS-03 [Volunteer Time Off]
Purpose: Staff benefit to volunteer
Cadence: Review every five (5) years
1) Threshold of 40 hours per year of Volunteer Time Off (VTO). 2) VTO must be longer than 2 hours.
3) VTO must be no more than 2 days per quarter.
4) VTO does not accrue and is refreshed at the beginning of each calendar year.
HRS-04 [Unpaid Leave]
Purpose: Allows leave without accruals
Cadence: Review every five (5) years
1) Approval of immediate supervisor, department director, and CEO is required for leave longer than one week.
2) F&A ensures any employee on an approved leave of absence is not paid.
HRS-05 [Paid Time Off Cash Out]
Purpose: Option to give staff flexibility
Cadence: Review every five (5) years
1) Minimum of 40 hours must be retained in PTO bank, and confirmation of retention of 40 hrs in PTO bank is verified.
2) Limit of two PTO cash-outs and not to exceed 80 hours per calendar year.
Human Resources Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
20 Name Controls
HRS-06 [Tuition Assistance]
Purpose: Reimbursement for eligible
education
Cadence: Review every five (5) years
1) There needs to be an availability of funding based on the annual budget process. 2) Two weeks prior to course start, an employee submits the Tuition Assistance Reimbursement form to their supervisor and department director.
3) Employee provides written justification of coursework that aligns with SVCE's core mission, employee's duties, or future opportunities within the agency.
4) Documentation (proof of payment, registration completion, and proof of completion) must be received within 60 days of course completion
5) If an employee voluntarily leaves, they must repay tuition reimbursements received within 12 months preceding the employee separation date or a deduction from employee compensation is due.
HRS-07 [Cash in Lieu of Health
Benefits]
Purpose: For staff that are separately
insured
Cadence: Review every five (5) years
1) Employee submits proof of other current health coverage. 2) Employee submits Election of Cash In-Lieu form declining all SVCE-offered coverage (medical, dental, and vision).
Human Resources Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended
21 Name Controls
HRS-08 [Fitness Reimbursement
Benefit]
Purpose: Benefit to support wellbeing
Cadence: Review every five (5) years
1) Injuries resulting from an employee’s participation in this Program will not qualify for worker’s compensation benefits.
2) Expense reimbursement submitted in HRIS demonstrates reimbursement meets requirements of the program along with receipts and inputs of approved health club, fitness program, equipment, or service.
HRS-09 [Flexible Work]
Purpose: Allows remote work with
conditions
Cadence: Review every five (5) years
1) Employees agree to ensure that they have a workspace that lends itself to remote work in that it is 1) free from distractions that would impede success; 2) safe and free from hazards that could lead to harm or injury; 3) compliant from a cyber security perspective; and 4) aligned with the required IT requirements outlined in the technology stipend.
2) Employees agree to ensure their work documents and devices are secured and confidential and that passwords are protected.
3) Employees who are approved to live outside the SVCE service territory do so at their own choosing and will not be reimbursed for regular travel. expenses associated with required in-office time. 4) Working outside of the United States is not permitted.
Human Resources Controls
2024 Policy Refresh
Item 7
PRESENTATION
Amended