Agenda packet — Silicon Valley Clean Energy Board of Directors, February 12, 2025 (part 1 of 2)

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

Morgan Hill, CA 95037
Teleconference Meeting
Webinar:
https://cityofcupertino.zoom.us/j/96030853289
Telephone (Audio Only):

US: +1 669-900-6833
Webinar ID: 960 3085 3289
Members of the public may also attend this meeting in person, or observe this meeting electronically by accessing the meeting via instructions above. Public Comments can be sent in advance of the meeting via email up to three hours before the meeting begins to Board Clerk Andrea Pizano at [email protected] and will be distributed to the Board of Directors. The public will also have an opportunity to provide comments during the meeting. Members of the public participating remotely and using Zoom may comment during public comment or the applicable agenda item by using the Raise Hand feature and you will be recognized by the Chair. Those using the telephone (audio only) feature should press star 9 on your phones to initiate the “Raise Hand” function in Zoom. You will then be announced, unmuted, and your time to speak will begin.

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

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

SILICON VALLEY <3/ CLEAN ENERGY

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

Adopt Resolution Commending Melody Tovar for her Dedication in the Formation of Silicon Valley Clean Energy
Consent Calendar (Action)
1a) Approve Minutes of the January 8, 2025, Board of Directors Meeting 1b) Receive December 2024 Treasurer Report
1c) Receive January 2025 Update for All Retail Rates
1d) Approve 2025 Updates to Exhibit C, Annual Energy Use, and Exhibit D, Voting Shares, of the SVCE Joint Powers Agreement
1e) Approve Increase to SVCE’s Payments to California Community Choice Association in the Amount of $200,000 for Special Assessments 1f) Adopt Resolution No 2025-04 Updating SVCE’s Annual Net Surplus Compensation Cash-Out Terms Effective May 2025
1g) Receive December 2024 Decarbonization Strategy and Programs Quarterly Report
1h) Authorize the Chief Executive Officer to Finalize and Execute an Amendment to an Agreement with Optony Inc. for One Additional Year and to Increase the Not to Exceed Amount from $300,000 to $512,000 for Fleet Electrification Planning Support Consulting Services 1i) Receive Executive Committee Report
1j) Receive Additional Committees Report
1k) Receive California Community Power Report

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George Tyson, Chair
Town of Los Altos Hills
Larry Klein, Vice Chair
City of Sunnyvale
Elliot Scozzola
City of Campbell
J.R. Fruen
City of Cupertino
Zach Hilton
City of Gilroy
Sally Meadows
City of Los Altos
Rob Rennie
Town of Los Gatos
Garry Barbadillo
City of Milpitas
Bryan Mekechuk
City of Monte Sereno
Yvonne Martinez Beltran
City of Morgan Hill
Pat Showalter
City of Mountain View
Tina Walia
City of Saratoga
Otto Lee
County of Santa Clara
svcleanenergy.org
333 W El Camino Real
Suite 330
Sunnyvale, CA 94087
Regular Calendar
2) CEO Report (Informational)
3) Appoint Members to SVCE’s 2025 Committees (Action)
4) Programs Impact Summary – January 1, 2024 to December 31, 2024 (Discussion)
5) Local Agency Action Planning (Informational)
Board Member Announcements and Direction on Future Agenda Items Adjourn

SILICON VALLEY

CLEAN ENERGY
Revised: February 7, 2024
1 SVCE

GLOSSARY OF TERMS
BTM – Behind the Meter – Customer-sited resources which connect to the distribution system on the customer’s side of the utility’s meter. See also “DER”.

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

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

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

CARE – California Alternate Rates for Energy Program – A monthly discount of 20% or more on gas and electricity. Participants qualify through income guidelines or if enrolled in certain public assistance programs.

CEC – California Energy Commission
CCCFA – California Community Choice Financing Authority – The California Community Choice Financing Authority (CCCFA) was established in 2021 with the goal to reduce the cost of power purchases for member community choice aggregators (CCAs) through pre-payment structures. The founding members of CCCFA include Central Coast Community Energy, East Bay Community Energy, Marin Clean Energy, and Silicon Valley Clean Energy. CCCFA is a Joint Powers Authority which can help member CCAs save up to 10% or more on power purchase agreements, helping reduce costs for ratepayers and increase available funding for local programs.

CC Power – California Community Power – California Community Power is a Joint Powers Agency comprised of nine CCAs. CC Power allows its member CCAs to combine their buying power to procure new, cost-effective clean energy and reliability resources to continue advancing local and state climate goals.

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

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

DR – Demand Response – An opportunity for consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage during peak periods in response to time-based rates or other forms of financial incentives.
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Silicon Valley Clean Energy Revised: February 7, 2024
2 DER – Distributed Energy Resource – A small-scale unit of power generation that operates locally and is connected to a larger power grid at the distribution level.

Distribution – The delivery of electricity to the retail customer’s home or business through low voltage distribution lines.
eHub – SVCE’s online customer resource center with the latest information on electric vehicles, home electrification, and solar and battery storage.

ERRA – Energy Resource Recovery Account – ERRA proceedings are used to determine fuel and purchased power costs which can be recovered in rates. The utilities do not earn a rate of return on these costs, and only recover actual costs. The costs are forecast for the year ahead. If the actual costs are lower than forecast, then the utility gives money back, and vice versa.

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

FERC – Federal Energy Regulatory Commission – Independent federal agency that regulates the interstate transmission of electricity, natural gas and oil. The CAISO is subject to FERC jurisdiction.

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

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

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

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

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

LCFS – Low Carbon Fuel Standard – A CARB program designed to encourage the use of cleaner low-carbon fuels in California, encourage the production of those fuels, and therefore, reduce greenhouse gas emissions.

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

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

Silicon Valley Clean Energy Revised: February 7, 2024
3 MMT – Million Metric Tonnes – Common unit of measurement in regulatory and policy space for California’s GHG emissions.

MAWG – Member Agency Working Group, a group of PIOs from SVCE’s member communities that gather monthly MW – Megawatt – measure of power. A megawatt equals 1,000 kilowatts or 1 million watts.

MWh – Megawatt-hour – measure of energy
NEM – Net Energy Metering – A program in which solar customers receive credit for excess electricity generated by solar panels. The main differences between NEM and FIT programs are the type of rate (flat vs. dependent on time-of-day generation), number of meters required (two vs. one), and flexibility (long-term contract vs. non-binding program enrollment).

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

PCC3 – RPS Portfolio Content Category 3 – Unbundled RECPSPS – Public Safety Power Shutoff – An event in which the IOUs purposely turn off segments of the grid due to high risk of ignition and wildfires.

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

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

PPA – Power Purchase Agreement – A contract used to purchase the energy, capacity and attributes from a renewable resource project.

Prepay – payment in advance by a municipal utility for a number of years of contracted energy, and this prepayment with tax-exempt debt
RA – Resource Adequacy – Under its Resource Adequacy (RA) program, the California Public Utilities Commission (CPUC) requires load-serving entities—both independently owned utilities and electric service providers—to demonstrate in both monthly and annual filings that they have purchased capacity commitments to contribute their share of system reliability. Today LSEs must procure no less than 115% of the peak hour load. In 2023 and 2024, this will increase to 116% and 117% respectively. Beginning in 2025 a new RA program will be implemented requiring LSEs show capacity to meet their hourly reliability needs, the “PRM” adder is still undetermined.

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

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

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

Silicon Valley Clean Energy Revised: February 7, 2024
4 SB 100 – California Senate Bill 100 established a landmark policy requiring renewable energy and zero-carbon resources supply 100 percent of electric retail sales to end-use customers by 2045.

SMUD – Sacramento Municipality Utility District
SCE – Southern California Edison
SDG&E – San Diego Gas & Electric
TOB – Tariff On-bill – Tariff On-Bill Financing is a model in which utilities use a tariff to enable customers to pay back the cost of a solar panel without credit or income level conditions.

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

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

VPP – Virtual Power Plant – A cloud-based energy supply made up of a collection of an aggregation of distributed energy resources (DERs), such as smart EV chargers, smart thermostats, building energy management systems, battery storage systems, solar PV and smart inverters.
24/7 – Goal of supplying consumer energy demand with 100% carbon-free energy at all hours of the day RESOLUTION NO. 2025-03

RESOLUTION OF THE BOARD OF DIRECTORS OF SILICON VALLEY CLEAN ENERGY AUTHORITY

COMMENDING MELODY TOVAR FOR HER DEDICATED SERVICE IN THE FORMATION OF THE JOINT POWERS AUTHORITY IN 2016 AND AS CITY STAFF OF A FOUNDING MEMBER AGENCY OF

SILICON VALLEY CLEAN ENERGY AUTHORITY

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

WHEREAS, the Silicon Valley Clean Energy Authority (“SVCEA”) was formed on March 31, 2016, with eleven Cities and Towns and the County of Santa Clara deciding to become the initial members; and
WHEREAS, Ms. Melody Tovar, Director of Regulatory Programs at the City of Sunnyvale (“City”), has had a prolific career over 32 years committed to sustainability and improving environmental quality through implementing stormwater and wastewater regulations, managing community programs, and achieving ambitious climate action goals; WHEREAS, Ms. Tovar oversaw the original study to explore the formation of a local community choice aggregation program proposed by the City’s Sustainability Commission and recognized it as the single most impactful action to reduce greenhouse gas emissions locally; WHEREAS, Ms. Tovar led the initial cohort of four founding member agencies (cities of Sunnyvale, Mountain View, Cupertino, and the County of Santa Clara) in conducting a technical and financial feasibility analysis for forming a joint powers authority (JPA) to supply clean electricity to local communities;
WHEREAS, Ms. Tovar coordinated community engagement and led information sessions to garner public support and recruited additional agencies to join the JPA, eventually covering the 13 member agencies we serve today;
WHEREAS, Ms. Tovar served as Operations Manager for the Authority in its initial days, supporting the organization as it established its public identity, hired its CEO and staff, found its first office space, ran its first Board meetings, and prepared to serve customers and fully operate as a load-serving entity that launched 100% carbon-free service in 2017; WHEREAS, Ms. Tovar continued to play a key role in the Authority’s growth, helping to steer the monthly Member Agency Working Group and providing input on initial decarbonization programs;
WHEREAS, Ms. Tovar’s dedicated support to and collaboration with the Authority has helped to reduce nearly three million metric tons of carbon dioxide emissions across our service territory to date;
WHEREAS, Ms. Tovar has demonstrated outstanding leadership in enabling the City to achieve its climate action goals and created a robust team that can carry on her vision and legacy; WHEREAS, Ms. Tovar’s deep technical expertise has been valued by her peers across the county and in professional circles across the state; and WHEREAS, Ms. Tovar’s persistent curiosity and willingness to ask “why not?” has encouraged those she has worked with at the Authority, the City, and in the community to strive for a high standard of service and innovation as we address climate change; NOW, THEREFORE, the Board of Directors of SVCEA hereby commends Ms. Melody Tovar and expresses its sincere appreciation for her dedicated service in the formation of the JPA in 2016 and as city staff of a founding member agency of the Authority.

ADOPTED AND APPROVED on this 12th day of February 2025, by the following vote:

JURISDICTION NAME AYE NO ABSTAIN ABSENT
City of Campbell Director Scozzola
City of Cupertino Director Fruen
City of Gilroy Director Hilton
City of Los Altos Director Meadows
Town of Los Altos
Hills
Director Tyson
Town of Los Gatos Director Rennie
City of Milpitas Director Barbadillo
City of Monte Sereno Director Mekechuk
City of Morgan Hill Director Martinez-Beltran
City of Mountain
View
Director Showalter
County of Santa
Clara
Director Lee
City of Saratoga Director Walia
City of Sunnyvale Director Klein
__________________________________________
Vice Chair
ATTEST:
_______________________________________
Secretary

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Silicon Valley Clean Energy Authority
Board of Directors Meeting
Wednesday, January 8, 2025
7:00 pm
Cupertino Community Hall
10350 Torre Avenue
Cupertino, CA
Royal Lahaina Resort and Bungalows
2780 Kekaa Dr.

Lahaina, HI 96761
Administrative Conference Room, Gilroy City Hall
7351 Rosanna St.

Gilroy, CA

DRAFT MEETING MINUTES
Call to Order:

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

Chair Walia provided opening comments by wishing Board members and Silicon Valley Clean Energy (SVCE) staff a Happy New Year, and, welcomed two new members to the SVCE Board of Directors (Board): Director Garry Barbadillo, City of Milpitas, and Director J.R. Fruen, City of Cupertino.

Prior to Roll Call, Chair Walia welcomed and acknowledged Director Meadows for her in-person attendance at the meeting.

Roll Call

Present:

Tina Walia (Chair), Saratoga
George Tyson (Vice Chair), Los Altos Hills (participated remotely) Elliot Scozzola, Campbell
J.R. Fruen, Cupertino
Zach Hilton, Gilroy (participated remotely)
Sally Meadows, Los Altos
Maria Ristow, Los Gatos
Garry Barbadillo, Milpitas
Burton Craig, Monte Sereno
Yvonne Martinez Beltran, Morgan Hill
Pat Showalter, Mountain View
Larry Klein, Sunnyvale

Absent:

Otto Lee, Santa Clara County
Public Comment on Matters Not Listed on the Agenda
No speakers.

Item 1a Draft Minutes: Jan. 8, 2025 BOD Meeting
SILICON VALLEY \3/ CLEAN ENERGY

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Adopt Resolution Commending Director Chua for Her Dedicated Service to SVCE Chair Walia presented Evelyn Chua with a plaque and resolution on behalf of the Board of Directors and thanked her for her contributions while serving on the SVCE Board.

Chair Walia opened public comment.

No speakers.

Chair Walia closed public comment.

MOTION: Director Martinez Beltran moved and Director Klein seconded the motion to adopt Resolution 2025-01 Commending Director Evelyn Chua for her promotion of Community Clean Energy in Santa Clara County and her dedicated service on the Board of Directors on behalf of the City of Milpitas.

The motion carried unanimously by verbal roll call vote with Director Lee absent.

Adopt Resolution Commending Chair Walia for Her Dedicated Service as Chair of the Board of Directors in 2024
Monica Padilla, CEO, presented Chair Walia with a plaque and resolution on behalf of the Board of Directors and thanked her for her leadership as Chair in 2024. CEO Padilla shared a video presentation of the Victory Pass ribbon-cutting ceremony attended by Chair Walia.

Vice Chair Tyson and the Board of Directors thanked Chair Walia for her service as Chair.

Chair Walia acknowledged Board member contributions in 2024, which included: ensuring a smooth CEO transition; executing contracts to deliver carbon-free nuclear power, 2025 through 2027; executing a local power purchase agreement near Gilroy; launching key SVCE programs focused on affordability; and recent negotiations relating to the purchase of an SVCE building in Sunnyvale.

Board Clerk Andrea Pizano acknowledged Evelyn Chua for public comment.

Evelyn Chua shared her thanks to the Board of Directors for their support during her tenure on the Board, including Chair Walia and Vice Chair Tyson.

There were no other public speakers.

MOTION: Vice Chair Tyson moved and Director Meadows seconded the motion to adopt Resolution 2025-02 Commending Chair Walia for her dedicated service as Chair of the SVCE Board of Directors in 2024.

The motion carried unanimously by verbal roll call vote with Director Lee absent.

Consent Calendar
There were no questions or comments from the Board; there were no requests from the public to speak on any matter on the Consent Calendar.
1a) Approve Minutes of the January 8, 2025, Board of Directors Meeting 1b) Approve Minutes of the December 20 2024, Board of Directors Special Meeting 1c) Receive November 2024 Treasurer Report
1d) Appoint SVCE Treasurer/Auditor and Board Secretary for 2025 1e) Authorize the Chief Executive Officer to Finalize and Execute Agreement with Ascend Analytics for Three Years with a Not to Exceed Amount of $1,600,000 for Portfolio Management, Procurement and Resource Planning SaaS and Consulting Services 1f) Receive Committee Reports
1g) Receive California Community Power Report
Item 1a Draft Minutes: Jan. 8, 2025 BOD Meeting

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MOTION: Director Klein moved and Director Martinez Beltran seconded the motion to approve the Consent Calendar, Items 1a through 1g.

The motion carried unanimously by verbal roll call vote with Director Lee absent.

Regular Calendar
2) CEO Report (Discussion)
CEO Monica Padilla addressed the following in her report:
1) An announcement SVCE and the City of San Jose were named as recipients of a $12M Charging Fueling Infrastructure (CFI) grant, noting 50 percent of the grant proceeds are slated for distribution among the following participating jurisdictions: Morgan Hill, Saratoga, Milpitas, unincorporated Santa Clara County, Gilroy, Cupertino, and Mountain View. CEO Padilla further stated that SVCE will contribute an additional $1.5M towards the grant, and commented on the potential risk that the incoming new administration may not release the funding to grantees; 2) An update regarding the SVCE office purchase; and
3) An introduction to new SVCE programs:
• Leanna Huynh, Senior Programs Specialist, provided information regarding the Full-Service Home Upgrades Program, which included support for whole home electrification and emergency water heater replacement.
• Shawn Orgel-Olsen, Programs Marketing Manager, provided information regarding the improved eHub Program, which included a new webpage for home upgrades, customer rebates location tool, and an improved UX connecting customers to educational resources with incentives and services.

Director Klein requested additional information regarding the CFI grant prior to his attendance at an upcoming Mayors Conference.

Chair Walia opened Public Comment.

No speakers.

Chair Walia closed Public Comment.
3) Elect a Chair and Vice Chair of the SVCE Board of Directors for 2025 (Action) Senior Executive Assistant and Board Clerk Andrea Pizano introduced the item and noted interest was received for Chair and Vice Chair of the Board from the following board members:

Chair – Director George Tyson
Vice Chair – Director Bryan Mekechuk, Director Yvonne Martinez Beltran, and Director Larry Klein Alternate Director Craig stated that he would provide a written statement from Director Mekechuk during the election process.

Chair Walia opened the floor for additional nominations for the role of Chair; there were none.

Director Tyson provided brief comments on his interest in serving as Chair.

Chair Walia opened Public Comment.

No speakers.

Chair Walia closed Public Comment.

MOTION: Chair Walia moved and Director Showalter seconded the motion to appoint Director George Tyson as Chair of the 2025 SVCE Board of Directors.

Directors provided supportive comments regarding the election of Director Tyson as the Chair of the 2025 SVCE Board of Directors.

Item 1a Draft Minutes: Jan. 8, 2025 BOD Meeting

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The motion carried unanimously by roll call vote with Director Lee absent.

Director Tyson requested former Chair Walia preside over the remainder of the meeting given his remote participation; former Chair Walia accepted the request.

Presiding Chair Walia opened the floor for additional nominations for the role of Vice Chair; there were none.

Presiding Chair Walia requested Alternate Director Craig provide the statement from Director Mekechuk to the Board; Alternate Director Craig read from a written statement that Director Mekechuk would be withdrawing his letter of intent for Vice Chair, but was still interested in participating in the Executive Committee.

Presiding Chair Walia requested Director Martinez Beltran and Director Klein speak briefly to their interest in the role of Vice Chair; the Directors provided comments on their interest.

Presiding Chair Walia opened the floor for questions or comments from the Board.

Director Showalter stated the importance of balancing leadership from agencies that represent small and large cities.

Chair Walia summarized the process for selection of the Vice Chair:
• A roll call vote would be taken on the two Directors who expressed interest in Vice Chair; • Board members would vote for their selection of Vice Chair by name; • In the event a majority vote of seven was not reached, the two individuals with the highest votes would proceed to an additional round of votes until seven votes were received for one person.

Board Clerk Pizano noted members would be called on in alphabetical order by member agency.

VOTE FOR THE POSITION OF VICE CHAIR (1st):

Director Scozzola: Martinez Beltran
Director Fruen: Martinez Beltran
Director Hilton: Klein
Director Meadows: Martinez Beltran
Director Tyson: Klein
Director Ristow: Klein
Director Barbadillo: Martinez Beltran
Director Craig: Klein
Director Martinez Beltran: Martinez Beltran
Director Showalter: Klein
Director Walia: Martinez Beltran
Director Klein: Klein
Prior to casting the vote for Director Martinez Beltran, presiding Chair Walia requested that Director Martinez Beltran reconsider her interest in the Vice Chair role. Director Martinez Beltran re-stated her interest in serving as Vice Chair on the SVCE 2025 Board of Directors.

Director Barbadillo provided a brief statement regarding the candidacy of both Directors for Vice Chair and made supportive comments relating to the voting process.

Board Clerk Pizano reported six votes for Director Martinez Beltran, and six votes for Director Klein.

Since a majority vote of seven was not reached, the group proceeded with a second round of votes with Director Martinez Beltran and Director Klein.

Item 1a Draft Minutes: Jan. 8, 2025 BOD Meeting

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VOTE FOR THE POSITION OF VICE CHAIR (2nd):

Director Scozzola: Martinez Beltran
Director Fruen: Martinez Beltran
Director Hilton: Klein
Director Meadows: Klein
Chair Tyson: Klein
Director Ristow: Klein
Director Barbadillo: Martinez Beltran
Director Craig: Klein
Director Martinez Beltran: Martinez Beltran
Director Showalter: Klein
Director Walia: Klein
Director Klein: Klein
Board Clerk Pizano reported eight votes for Director Klein, and four votes for Director Martinez Beltran.

Director Klein acknowledged Director Martinez Beltran for her contributions to the SVCE Board of Directors.

MOTION: Presiding Chair Walia moved and Director Fruen seconded the motion to appoint Director Klein as Vice Chair of the SVCE Board of Directors for 2025.

The motion carried by verbal roll call vote with Director Martinez Beltran voting no and Director Lee absent.
4) Appoint Directors to the 2025 SVCE Executive Committee (Action) Board Clerk Pizano reported seven Directors expressed interest in joining the 2025 Executive Committee:

Director Elliot Scozzola,
Director Sally Meadows,
Chair George Tyson,
Director Bryan Mekechuk,
Director Yvonne Martinez Beltran,
Director Tina Walia,
Vice Chair Larry Klein.

Presiding Chair Walia opened the floor for additional nominations to the Executive Committee; there were none.

Presiding Chair Walia opened Public Comment.

No speakers.

Presiding Chair Walia closed Public Comment.

Presiding Chair Walia requested Directors interested in serving on the Executive Committee to speak briefly to their interest in the role; the Directors provided comments on their interest, with Alternate Director Craig providing a statement of interest from Director Mekechuk. Presiding Chair Walia stated her interest in continuing on the Executive Committee.

The Board discussed the potential makeup of the Executive Committee, including having the Chair and Vice Chair of the Board as members. CEO Padilla conferred with Michael Callahan, General Counsel, and confirmed there is no existing requirement in SVCE’s Joint Powers Agreement (JPA) or Operating Rules and Regulations (ORR) that the Chair and Vice Chair of the Board of Directors receive automatic appointments to the Executive Committee.

Following discussion, Alternate Director Ristow stated she would make a motion to appoint the Board Chair and Board Vice Chair to the 2025 Executive Committee.

Item 1a Draft Minutes: Jan. 8, 2025 BOD Meeting

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MOTION: Alternate Director Ristow moved and Director Showalter seconded the motion to appoint Chair Tyson and Vice Chair Klein to the 2025 Executive Committee.

The motion carried unanimously by roll call vote with Director Lee absent.

The Board discussed potential membership of the remaining four seats on the Executive Committee, and provided comments on integrating new committee members, board member tenure, and support of members who were interested in participating in the Executive Committee.

MOTION: Director Scozzola moved and Director Showalter seconded the motion to appoint the following additional directors to the 2025 SVCE Executive Committee: Director Yvonne Martinez Beltran, Director Sally Meadows, Director Tina Walia and Director Elliot Scozzola.

The motion carried by verbal roll call vote with Alternate Director Craig voting no and Director Lee absent.
5) SVCE Community Grants Update (Informational)
Jessica Cornejo, Senior Programs Specialist, provided an update relating to SVCE grant projects awarded to member agencies, including the 2020 Community Resilience Grant Program, 2022 Decarbonization Engagement and Demonstration Grant, and the 2024 Round of Grants, which resulted in SVCE funding 27 projects supporting the following:
• 9 battery storage projects that provide clean back-up power • 6 building electrification retrofits to remove gas appliances • 6 community engagement projects that educate the public in innovative ways • 5 off-grid EV chargers that provide clean mobile charging and four fleet Ford F-150 Lightings
• 1 cool pavement pilot that reduces surface temperature Directors provided supportive comments to SVCE staff for their work on the grant projects.

Presiding Chair Walia opened public comment.

No speakers.

Presiding Chair Walia closed public comment.

Board Member Announcements and Future Agenda Items
Presiding Chair Walia announced that the Board of Directors would convene to closed session.

Public Comment on Closed Session
Presiding Chair Walia opened public comment.

No speakers.

Presiding Chair Walia closed public comment.

Closed Session
The Board convened to Closed Session at 8:41 p.m.

Conference with Legal Counsel – Anticipated Litigation Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9: (one potential case) The Board returned from Closed Session at 9:25 p.m.

Report from Closed Session
Chair Walia announced that the Board met in Closed Session and there was nothing to report.

Item 1a Draft Minutes: Jan. 8, 2025 BOD Meeting

Page 7 of 7 ends

Adjourn
Chair Walia adjourned the meeting at 9:25 p.m.

ATTEST:
_____________________________
Andrea Pizano, Board Secretary
Item 1a Draft Minutes: Jan. 8, 2025 BOD Meeting
1 TREASURER REPORT
Fiscal Year to Date
As of December 31, 2024
(Preliminary & Unaudited)
Issue Date: February 12, 2025
Table of Contents
Page
Summary 2-3
Statement of Net Position 4
Statement of Revenues, Expenses & Changes in Net Position 5 Statement of Cash Flows 6-7
Actuals to Budget Report 8-12
Monthly Change in Net Position 13
Investments Report 14
Customer Accounts and Aging Report 15
Certificate of Compliance 16
SVCE Managed Account & Security Transactions 16-25
Item 1b December 2024 Treasurer Report
©

SILICONVALLEY

CLEAN ENERGY
2

Page 1 ends

Balance Sheet Highlights:
> SVCE operations resulted in a change in net position of $14.1 million for the month of December and $38.6 million for fiscal-year-to-date (FYTD).* > Total Net Position increased further to $523.8 million. > SVCE is investing ~97.4% of available funds, recognizing interest/dividend income of $3.9M for October - December 2024. *Does not yet recognize unspent program dollars
**For reconciliation purposes, budget numbers include actual program expenses and depreciation, excludes GASP 87 expenses.

SVCE Yield-bearing Accounts:

Combined Ending Balance* 518.1 M
Total Interest/Div. Earned FYTD 3.9 M
Average Return On Investments** 4.66%
* Includes River Bank accounts - Money Market, Collateral and ICS; CAMP; PFM Portfolio ** Average annualized Yield for the current month
* Actual investment income includes unrealized mark-to-market gain or loss of the total investment portfolio.

SILICON VALLEY CLEAN ENERGY AUTHORITY
Financial Statement Highlights* ($ in millions)
December 31, 2024
498.0 M
523.8 M
0 M
90 M
180 M
270 M
360 M
450 M
540 M
0 M
5 M
10 M
15 M
20 M
25 M
30 M
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Net Position Change in Net Position Change in Net Position*
Net Position (Right Y-Axes) Budget (Left Y-Axis)** Actual (Left Y-Axes) 405 412 423
297 303 316
490
350
120
0 50
100
150
200
250
300
350
400
450
500
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Days Cash on Hand (DCOH)
DCOH Including Unspent Earmarked Funds* DCOH Excluding Unspent Earmarked Funds* Maximum Reserves Target Reserves
Minimum Reserves
$3.9 M
$ 428.7 K
$ 1,712.7 K
$ 1,742.3 K

0.0 M

0.6 M

1.2 M

1.8 M

2.4 M

3.0 M

3.6 M

4.2 M

4.8 M
$ 0 K
$ 500 K
$ 1,000 K
$ 1,500 K
$ 2,000 K
$ 2,500 K
$ 3,000 K
$ 3,500 K
$ 4,000 K
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Investment Income*
Actual Cumulative Budget Actual
River City Bank
Accounts
6%
California Asset Management
Program (CAMP)
40%
PFM Asset Management Investment
Portfolio
54%
SVCE Accounts
* Earmarked funds are unspent SVCE program and the building funds.

October results are updated per the budget revisions adopted in Dec 2024.

Item 1b December 2024 Treasurer Report
F=
Llllllllllll
3

Page 2 ends

Summary of Actual Results vs. Adopted Budget (includes allocated but unspent program dollars):
> FYTD operating margin of $44.5 million or 36% is above the Amended Budget expectations of $17M (14%) operating margin for the fiscal year to date. > FYTD Power Supply costs are -26% below Amended Budget. > Retail GWh sales for the month of December and FYTD landed -4% and -2% below budget respectively.

Variance Explanation:
$ in millions Actual Amd. Budget % Dif Actual Amd. Budget % Dif Main Drivers:

Revenue 40.6 M 42.4 M -4.2% 122.2 M 122.2 M 0.0%
Power Supply Cost 24.6 M 38.3 M -35.7% 77.7 M 105.3 M -26.2% Operating Margin 16.0 M 4.1 M 288.5% 44.5 M 17.0 M 162.2% Operating Expenses (ex Power) 2.5 M 3.0 M -16.2% 7.0 M 9.1 M -22.6% Other Non-Op. Expen. (Income) -2.8 M -1.5 M 87.9% 16.4 M 16.9 M -2.6% Net Increase in Available Fund
Balance 16.3 M 2.6 M 527.1% 21.0 M -9.0 M -332.5%
Customer Load Statistics:

Total Accounts 281,927
Opt-Out Accounts (Month) 31
Opt-Out Accounts (FYTD) 97
Opt-Up Accounts (Month) (23)
Opt-Up Accounts (FYTD) (13)
Program Funds:

General Program Fund
CRCR Fund*
Electrification Discount Fund
Nuclear & Hanford Prog. Funds
Building Fund
* Customer Relief and Community Resilience Fund
** The financial results in this report are preliminary and subject to change pending closing of the books for the fiscal year. Any potential changes are not expected to be significant. Lower November-December customer demand was offset by liquidated damage payments Beginning Balance End Balance
$ 20,000,000 $ 19,998,000 $ - $ 2,000
$ 77,436,658 $ 85,837,856 $ 10,530,000 $ 2,128,802
$ 5,437,984 $ 9,358,545 $ 5,370,000 $ 1,449,439

SILICON VALLEY CLEAN ENERGY AUTHORITY
Financial Statement Highlights** ($ in millions)
December 31, 2024
December Fiscal YTD
October - customer demand and revenues exceeded SVCE's
forecast, driven by higher-than-average temperatures in October.

Additionally, lower power supply costs and reduced operating expenses further improved the net position.

November / December - Weaker customer demand was offset by lower power supply cost and reduced operating expenses. Lower YTD costs is mostly due to lower energy consumption and gradual decline in energy/attribute prices. Staffing vacancies, underrunning professional services, and lower marketing expenses Reflects budgetary transfers to program and other funds $ 2,188,000 $ 7,696,000 $ 5,508,000 $ -
YTD Contributions YTD Expenditures
$ 9,159,383 $ 9,030,919 $ - $ 128,464
8,633 K
7,629 K
13,731 K
0 M
2 M
4 M
6 M
8 M
10 M
12 M
14 M
16 M
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Net Increase in Available Fund Balance
Comparing Actuals to Amended Budget
254,171
254,607
254,599
27,487
27,489
27,328

94.0%

94.5%

95.0%

95.5%

96.0%

96.5%

97.0%
-
50,000
100,000
150,000
200,000
250,000
300,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Customer Accounts and Participation Rate
Res Accounts Com Accounts Customer Participation (Right Y-Axes) -12%
-9%
-6%
-3%
0%
3%
6%
9%
12%
270.0
280.0
290.0
300.0
310.0
320.0
330.0
340.0
350.0
360.0
370.0
Retail Sales - Actual vs Budget (GWh)
Retail Sales Actual (GWh) Retail Sales Budget (GWh)
Load deviation from the Budget (Right Y-Axes)
Power Supply

88.9%
Personnel

4.3%
Contract
Services

3.9%
G & A

2.7%
Depreciation

0.2%
YTD Operating Expenses
Item 1b December 2024 Treasurer Report 1 1 1 1 FF
4 Current Assets
Cash & Cash Equivalents* $ 264,502,728
Accounts Receivable, net of allowance 34,628,384
Investments 69,910,100
Accrued Revenue 25,829,533
Other Receivables 12,655,896
Prepaid Expenses 1,513,384
Deposits 699,984
Total Current Assets 409,740,009
Noncurrent assets
Capital assets, net of depreciation 1,028,451
Investments** 199,044,366
Deposits 45,130
Total Noncurrent Assets 200,117,947
Total Assets 609,857,956
Current Liabilities
Accounts Payable 1,513,857
Accrued Cost of Electricity 55,130,134
Other accrued liabilities 1,819,556
User Taxes and Energy Surcharges due to other gov'ts 1,283,553 Supplier security deposits 225,000
Lease liability 271,025
Total Current Liabilities 60,243,125
Noncurrent Liabilities
Supplier security deposits 25,778,125
Total noncurrent liabilities 25,778,125
Total Liabilities 86,021,250
Net investment in capital assets 757,426
Unrestricted (deficit) 523,079,280
Total Net Position $ 523,836,706
* May not account for securities acquired towards the end of the month but not yet paid. ** May include securities acquired towards the end of the month but not yet paid.

NET POSITION

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF NET POSITION
As of December 31, 2024
ASSETS

LIABILITIES
Item 1b December 2024 Treasurer Report
5 OPERATING REVENUES
Electricity Sales, Net $ 118,783,274
GreenPrime electricity premium 586,387
Liquidated damages 2,804,610
TOTAL OPERATING REVENUES 122,174,271

OPERATING EXPENSES
Cost of Electricity 77,723,984
Contract services 3,403,933
Staff compensation and benefits 3,792,020
Other operating expenses 2,323,604
Depreciation 172,694
TOTAL OPERATING EXPENSES 87,416,235
OPERATING INCOME(LOSS) 34,758,036

NONOPERATING REVENUES (EXPENSES)
Investment Income 3,883,671
Financing costs (1,875)
TOTAL NONOPERATING REVENUES (EXPENSES) 3,881,796
CHANGE IN NET POSITION 38,639,832
Net Position at beginning of period 485,196,874
Net Position at end of period $ 523,836,706

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES
October 1, 2024 through December 31, 2024

AND CHANGES IN NET POSITION
Item 1b December 2024 Treasurer Report
6 CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $ 133,663,546
Receipts of liquidated damages 2,804,610
Receipts of security deposits 10,492,100
Payments of security deposits (150,000)
Payments to suppliers for electricity (83,226,229)
Payments for other goods and services (6,869,718)
Payments for staff compensation and benefits (3,574,241) Tax and surcharge payments to other governments (2,506,642) Net cash provided (used) by operating activities 50,633,426

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Payments of lease liability (133,590)
Acquisition of capital assets (223,168)
Net cash provided (used) by capital and related
financing activities (356,758)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investments (84,089,697)
Proceeds from investment sales 32,481,625
Investment income received 4,360,260
Net cash provided (used) by investing activities (47,247,812) Net change in cash and cash equivalents 3,028,856
Cash and cash equivalents at beginning of year 261,473,872 Cash and cash equivalents at end of period $ 264,502,728 Reconciliation to the Statement of Net Position
Cash and cash equivalents (unrestricted) $ 264,502,728
Restricted cash $ -
Cash and cash equivalents $ 264,502,728

NONCASH INVESTING ACTIVITIES
Unrealized appreciation (depreciation) and timing differences in investment income$ (476,589)

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF CASH FLOWS
October 1, 2024 through December 31, 2024
Item 1b December 2024 Treasurer Report
7 Operating Income (loss) $ 34,758,036
Adjustments to reconcile operating income to net cash
provided (used) by operating activities
Depreciation expense 172,694
(Increase) decrease in accounts receivable 8,433,062
(Increase) decrease in other receivables 4,206,952
(Increase) decrease in accrued revenue 3,749,952
(Increase) decrease in prepaid expenses (887,055)
(Increase) decrease in current deposits 17,100
Increase (decrease) in accounts payable (256,208)
Increase (decrease) in accrued cost of electricity (9,303,818) Increase (decrease) in accrued liabilities (186,517)
Increase (decrease) in taxes and surcharges due to other governments (395,772) Increase (decrease) in supplier security deposits 10,325,000 Net cash provided (used) by operating activities $ 50,633,426

CASH PROVIDED (USED) BY OPERATING ACTIVITIES

SILICON VALLEY CLEAN ENERGY AUTHORITY
STATEMENT OF CASH FLOWS (Continued)
October 1, 2024 through December 31, 2024

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
Item 1b December 2024 Treasurer Report
8 FYTD FYTD FY 2024-25 FY 2024-25
OPERATING REVENUES Actual Amended Budget $ % Amended Budget Remaining Budget Energy Sales $118,779,842 $121,657,656 -$2,877,814 -2% $524,078,000 $405,298,158 Green Prime Premium 586,387 550,751 $35,636 6% 2,434,000 1,847,613 Other Income 2,808,042 2,808,042 (2,808,042)
TOTAL OPERATING REVENUES 122,174,271 122,208,407 (34,136) 0.0% 526,512,000 404,337,729

ENERGY EXPENSES
Power Supply 77,723,984 105,254,596 (27,530,612) -26% 390,091,000 312,367,016 Operating Margin 44,450,287 16,953,811 27,496,476 162% 136,421,000 91,970,713

OPERATING EXPENSES
Data Management 811,465 933,424 (121,959) -13% 3,734,000 2,922,535 PG&E Fees 300,183 379,103 (78,920) -21% 1,516,000 1,215,817 Salaries & Benefits 3,792,020 4,347,108 (555,088) -13% 17,388,000 13,595,980 Professional Services 1,070,117 2,342,393 (1,272,276) -54% 9,370,000 8,299,883 Marketing & Promotions 159,027 404,250 (245,223) -61% 1,617,000 1,457,973 General & Administrative 913,932 702,046 211,886 30% 2,808,000 1,894,068 TOTAL OPERATING EXPENSES 7,046,744 9,108,324 (2,061,580) -23% 36,433,000 29,386,256 OPERATING INCOME/(LOSS) 37,403,543 7,845,487 29,558,056 377% 99,988,000 62,584,457

NON-OPERATING REVENUES
Investment Income 3,883,671 4,809,554 (925,883) -19% 19,238,000 15,354,329 TOTAL NON-OPERATING REVENUES 3,883,671 4,809,554 (925,883) -19% 19,238,000 15,354,329

NON-OPERATING EXPENSES
Financing - 17,584 (17,584) -100% 70,000 70,000

CAPITAL EXPENDITURES, TRANSFERS,
& OTHER
Capital Outlay 6,361 250,500 (244,139) -97% 1,002,000 995,639 Transfer to Programs Fund 10,530,000 10,530,000 - 0% 10,530,000 - Nuclear Allocation 3,708,000 3,708,000 - 0% 3,708,000 - Transfer to Hanford Emissions Mitigation Fund 1,800,000 1,800,000 1,800,000 Transfer to CRCR Fund 5,370,000 5,370,000 - 0% 5,370,000 - Transfer from Electrification Discount Fund (128,464) - (128,464) n/a - 128,464 Transfer from CRCR Fund - customer bill relief (973,838) - (973,838) n/a - 973,838 TOTAL OTHER USES 20,312,059 21,658,500 (1,346,441) -6% 22,410,000 2,097,941

NET INCREASE(DECREASE) IN AVAILABLE
FUND BALANCE $ 20,975,155 $ (9,021,043) $ 29,996,198 -333% $96,746,000 Variance

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through December 31, 2024
Item 1b December 2024 Treasurer Report
9 BUDGET ACTUAL/
REVENUE & OTHER SOURCES: ACTUAL REMAINING BUDGET
Transfers in - General Programs $ 10,530,000 $ 10,530,000 $ - 100.0% Total $ 10,530,000 $ 10,530,000 $ -
EXPENDITURES & OTHER USES:

Program expenditures 17,522,064 2,128,802 15,393,262 12.1% Net increase (decrease) in fund balance $ (6,992,064) $8,401,198 Fund balance at beginning of period 77,436,658
Fund balance at end of period $85,837,856

BUDGET ACTUAL/
REVENUE & OTHER SOURCES: ACTUAL REMAINING BUDGET
Transfer from Operating Fund $ 5,370,000 $ 5,370,000 $ - 100.0% EXPENDITURES & OTHER USES:

Customer bill relief credit 5,370,000 973,838 4,396,162 18.1% Other program expenditures 825,000 475,601 349,399 57.6% Total Program expenditures 6,195,000 1,449,439 4,745,561 Net increase (decrease) in fund balance $ (825,000) 3,920,561 Fund balance at beginning of period 5,437,984
Fund balance at end of period $9,358,545

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through December 31, 2024

CUSTOMER RELIEF & COMMUNITY RESILIENCY FUND

GENERAL PROGRAM FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through December 31, 2024
BUDGET
BUDGET
Item 1b December 2024 Treasurer Report
10 BUDGET ACTUAL/
REVENUE & OTHER SOURCES: BUDGET ACTUAL REMAINING BUDGET Transfer from Operating Fund $ - $ - $ - n/a
EXPENDITURES & OTHER USES:

Program expenditures 850,000 128,464 721,536 15.1%
Net increase (decrease) in fund balance $ (850,000) (128,464) Fund balance at beginning of period 9,159,383
Fund balance at end of period $9,030,919

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

Program expenditures * - 2,000 (2,000)
Net increase (decrease) in fund balance $ - (2,000)
Fund balance at beginning of period 20,000,000
Fund balance at end of period $19,998,000

ELECTRIFICATION DISCOUNT FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through December 31, 2024

BUILDING FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through December 31, 2024
Item 1b December 2024 Treasurer Report
11 BUDGET ACTUAL/
REVENUE & OTHER SOURCES: ACTUAL REMAINING BUDGET
Transfers in - Nuclear Allocation $ 3,708,000 $ 3,708,000 Transfer in - Hanford Emissions Mitigation Fund $ 1,800,000 $ 1,800,000 $ - 100.0% Total $ 5,508,000 $ 5,508,000 $ -
EXPENDITURES & OTHER USES:

Program expenditures - - -
Net increase (decrease) in fund balance $ 5,508,000 $5,508,000 Fund balance at beginning of period 2,188,000
Fund balance at end of period $7,696,000
BUDGET

NUCLEAR AND HANFORD PROGAM FUNDS

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through December 31, 2024
Item 1b December 2024 Treasurer Report
12 SILICON VALLEY CLEAN ENERGY AUTHORITY

OPERATING FUND

BUDGET RECONCILIATION TO STATEMENT OF

REVENUES, EXPENSES AND CHANGES IN NET POSITION
October 1, 2024 through December 31, 2024
Net Increase (decrease) in available fund balance
per budgetary comparison schedule $ 20,975,155
Adjustments needed to reconcile to the changes
in net position in the Statement of Revenues,
Expenses and Changes in Net Position
Subtract depreciation expense (172,694)
Subract program expense not in operating budget (2,604,403) Add back GASB 87 expenses not in operating budget 131,715 Add back transfer to Program funds 20,303,698
Add back capital asset acquisition 6,361
Change in Net Position 38,639,832
Item 1b December 2024 Treasurer Report
13 October November December January February March April May June July August September YTD

OPERATING REVENUES
Electricity sales, net $ 42,272,261 $ 36,066,964 $ 40,444,049 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 118,783,274 Green electricity premium $ 216,009 $ 177,897 $ 192,481 $ - $ - $ - $ - $ - $ - $ - $ - $ - 586,387 Liquidated damages $ 2,400,000 $ 404,610 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 2,804,610 Other Income $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - - Total operating revenues 44,888,270 36,649,471 40,636,530 - - - - - - - - - 122,174,271

OPERATING EXPENSES
Cost of electricity 29,690,455 $ 23,435,665 $ 24,597,864 $ - $ - $ - $ - $ - $ - $ - $ - $ - 77,723,984 Staff compensation and benefits 1,153,708 $ 1,135,297 $ 1,503,015 $ - $ - $ - $ - $ - $ - $ - $ - $ - 3,792,020 Data manager 270,465 $ 270,551 $ 270,449 $ - $ - $ - $ - $ - $ - $ - $ - $ - 811,465 Service fees - PG&E 100,000 $ 96,085 $ 104,098 $ - $ - $ - $ - $ - $ - $ - $ - $ - 300,183 Consultants and other professional fees 806,956 $ 771,641 $ 713,688 $ - $ - $ - $ - $ - $ - $ - $ - $ - 2,292,285 Other operating expenses 462,895 $ 852,622 $ 1,008,087 $ - $ - $ - $ - $ - $ - $ - $ - $ - 2,323,604 Depreciation 53,537 $ 53,341 $ 65,816 $ - $ - $ - $ - $ - $ - $ - $ - $ - 172,694 Total operating expenses 32,538,016 26,615,202 28,263,017 - - - - - - - - - 87,416,235 Operating income (loss) 12,350,254 10,034,269 12,373,513 - - - - - - - - - 34,758,036

NONOPERATING REVENUES (EXPENSES)
Grant income - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - - Interest income 428,694 $ 1,712,666 $ 1,742,311 $ - $ - $ - $ - $ - $ - $ - $ - $ - 3,883,671 Financing costs (701) $ (625) $ (549) $ - $ - $ - $ - $ - $ - $ - $ - $ - (1,875) Total nonoperating revenues (expenses) 427,993 1,712,041 1,741,762 - - - - - - - - - 3,881,796 CHANGE IN NET POSITION $ 12,778,247 $ 11,746,310 $ 14,115,275 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 38,639,832

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN NET POSITION
October 1, 2024 through December 31, 2024
Item 1b December 2024 Treasurer Report
14 Ending Balance of SVCE Accounts: Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts $ 33,363,756 $ 28,561,690 $ 48,885,983 California Asset Management Program (CAMP) $ 206,767,899 $ 229,607,825 $ 216,507,939 PFM Asset Management Investment Portfolio $ 281,807,003 $ 270,469,593 $ 271,357,416 Total Ending Balance $ 521,938,658 $ 528,639,108 $ 536,751,338 Return On Investments:

Annual % Yield Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts 4.58% 4.58% 4.55%
California Asset Management Program (CAMP) 5.03% 4.87% 4.73% PFM Asset Management Investment Portfolio 4.69% 4.67% 4.63% Average Return On Investments: 4.82% 4.75% 4.66%
Interest Earned Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts $ 14,385 $ 26,036 $ 36,682
California Asset Management Program (CAMP) $ 908,552 $ 839,926 $ 900,114 PFM Asset Management Investment Portfolio * $ (508,758) $ 845,657 $ 887,823 Total Interest and Investment Gains $ 414,179 $ 1,711,619 $ 1,824,619 * Includes change in current market value and accrued interest.

CAMP Portfolio Statistics
As of December 31, 2024
Beginning of the Month Market Value $ 229,607,825
Ending of The Month Market Value $ 216,507,939
Yield at Market 4.73% Weighted Average Maturity (days) 42 PFM Portfolio Statistics
As of December 31, 2024
Portfolio Par Value $ 270,589,420
Portfolio Market Value (icl. Accrued Interest) $ 271,357,416 Yield at Cost 4.63%
Yield at Market 4.45%
Benchmark Yield* 4.19%
Portfolio Effective Duration (years) 1.34 Weighted Average Maturity (days) 624 *ICE BofA 0-3 Year U.S. Treasury Index
SVCE Investment Policy:
https://svcleanenergy.org/wp-content/uploads/2018/10/FP-08_Investments-Policy-F.pdf

SILICON VALLEY CLEAN ENERGY AUTHORITY

INVESTMENTS SUMMARY
October 1, 2024 through December 31, 2024

14.02% 12.72%

34.80%

32.25%

3.47% 2.74%

0.00%
0%
5%
10%
15%
20%
25%
30%
35%
40%
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years Maturity Distribution
U.S. Treasury
Bond / Note
46%
Commercial
Paper
14%
CAMP Pool
0%
Federal Agency
Commercial
5%
Supra-National Agency
0% Corp. & Bank Notes
18%
Certificate of Deposit
3%
Asset-Backed
Security
14%
SVCE PFM Portfolio Investments
Repurchase
Agreements,

30.0%
Certificates of
Deposit, 26.3%
Commercial
Paper, 34.0%
US Treasuries,

4.0%
Money Market
Funds, 3.0%
SupraNational
Debt, 1.0%
Corporate
Notes, 1.7%
Camp Pool Composition (based on market value)
Item 1b December 2024 Treasurer Report
15 October November December January February March April May June July August September YTD Retail Sales Actual (GWh) 338.0 306.3 334.6 979
Retail Sales Budget (GWh) 316.8 331.8 346.9 363.3 341.8 326.0 310.5 310.3 323.6 342.9 348.8 344.1 995 Load deviation from the Budget (Right Y-Axes)6.7% -7.7% -3.5% -1.7% Customer Participation Rate Res 96.1% 96.1% 96.2%
Customer Participation Rate Com 96.5% 96.5% 96.4%
Total Accounts 281,658 282,096 281,927 281,927
Opt-Out Accounts 41 25 31 97
Opt-Up Accounts -7 17 -23 -13

0.07 25.99
SVCE Arrearager Total for customers 31+ days late and 120+ days late Age Summary (as of 1/1/2025) Date Amount
<30 days $30,653,654 High 11/29/2021 $7.99M
<60 days $1,801,642 Low 4/17/2020 $2.54M
<90 days $876,676 Current 7/31/2023 $6.8 M
<120 days $674,228
Older $3,488,047

December 2024 FYTD
Bad Debt % (Actual)

0.33%

TOTAL DUE
Bad Debt % (Budget )

0.75%
Accounts Receivable Days
26 Days
$37,494,247

SILICON VALLEY CLEAN ENERGY AUTHORITY

RETAIL SALES, CUSTOMER ACCOUNTS AND AGING REPORT
• Green arrow indicates
receipt of $1.3M in Federal
CAPP funds.
• An additional $717K in CAPP
funding provided in Winter
2023.
• Growth at red arrow
indicates short-term PG&E
billing-hold issue in Fall 2022
that was quickly resolved.
'17-'18 '18-'19 '19-'20 '20-'21 21-'22 22-'23 23-'24 24-'25 Total (L Axes) $308,552 $417,275 $415,187 $639,455 $885,995 $1,484,752 $1,539,437 $400,033 % Revenue 0.12% 0.14% 0.14% 0.25% 0.23% 0.33% 0.29% 0.33% Av./Month (R Axes) $25,713 $34,773 $34,599 $53,288 $73,833 $123,729 $128,286 $133,344 $-
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
$210,000
$240,000
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
SVCE Write-offs By Fiscal Year
Item 1b December 2024 Treasurer Report
16 Item 1b December 2024 Treasurer Report
Silicon Valley Clean Energy December 31, 2024
Certificate of Compliance
During the reporting period for the month ended December 31, 2024, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.

Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM"). 17 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accrued Realized G/L Realized G/L Sale DTD 12/16/2024 4.000% 12/15/2027
Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method BUY
12/04/24 12/06/24 US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 2,250,000.00 (2,247,275.39) (5,384.15) (2,252,659.54) 12/04/24 12/13/24 PFAST 2024-1A A2A
DTD 12/13/2024 4.450% 01/24/2028
73328EAB7 670,000.00 (669,942.85) 0.00 (669,942.85)
12/10/24 12/16/24 US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 2,700,000.00 (2,700,105.47) (9,537.64) (2,709,643.11) 12/12/24 12/17/24 FNA 2024-M6 A2
DTD 11/01/2024 2.905% 07/01/2027
3136BTGM9 2,000,000.00 (1,930,000.00) (2,582.60) (1,932,582.60) 12/13/24 12/13/24 JP MORGAN SECURITIES LLC
DTD 12/13/2024 0.000% 09/09/2025
46590DW97 4,500,000.00 (4,352,850.00) 0.00 (4,352,850.00) 12/23/24 12/26/24 US TREASURY N/B 91282CMB4 900,000.00 (891,140.63) (1,087.91) (892,228.54) Transaction Type Sub-Total 13,020,000.00 (12,791,314.34) (18,592.30) (12,809,906.64)

INTEREST
DTD 09/01/2016 2.570% 07/01/2026
12/01/24 12/01/24 USAA CAPITAL CORP
DTD 06/03/2024 5.250% 06/01/2027
90327OD97 0.00 18,560.21 18,560.21
12/01/24 12/25/24 FHMS K739 A2
DTD 11/01/2020 1.336% 09/01/2027
3137F64P9 0.00 2,672.00 2,672.00
12/01/24 12/25/24 FHMS K737 A2
DTD 01/01/2020 2.525% 10/01/2026
3137FQXJ7 0.00 2,209.37 2,209.37
12/01/24 12/25/24 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 0.00 6,359.79 6,359.79
12/01/24 12/25/24 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 0.00 1,978.34 1,978.34
12/01/24 12/25/24 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
3137BSRE5 0.00 1,820.00 1,820.00
12/01/24 12/25/24 FHMS K733 A2
DTD 11/01/2018 3.750% 08/01/2025
3137FJXO7 0.00 1,668.05 1,668.05
12/01/24 12/25/24 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 0.00 1,423.44 1,423.44
12/01/24 12/25/24 FHMS K057 A2 3137BROJ7 0.00 2,516.46 2,516.46 PPM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 39
18 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal
Trade Settle Security Description CUSIP Par Proceeds
Accrued
Interest Total
Realized G/L Realized G/L Sale
Cost Amort Cost Method

INTEREST
12/01/24 12/25/24 FHMS K058 Al
DTD 11/01/2016 2.340% 07/01/2026
3137BSP64 0.00 675.33 675.33
12/01/24 12/25/24 FNA 2015-M11 A2
DTD 07/01/2015 2.861% 04/01/2025
3136APSZ6 0.00 1,366.68 1,366.68
12/01/24 12/25/24 FHMS K065 Al
DTD 07/01/2017 2.864% 10/01/2026
3137F1G36 0.00 1,296.28 1,296.28
12/01/24 12/25/24 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
3137FBBX3 0.00 2,297.83 2,297.83
12/01/24 12/25/24 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 2,516.25 2,516.25
12/08/24 12/08/24 JP MORGAN CHASE BANK NA
(CALLABLE)
DTD 12/08/2023 5.110% 12/06/2026
48125LRU8 0.00 15,330.00 15,330.00
12/08/24 12/08/24 CCCIT 2023-Al Al
DTD 12/11/2023 5.230% 12/06/2027
17305EGW9 0.00 6,406.75 6,406.75
12/09/24 12/09/24 NATIONAL AUSTRALIA BK/NY
dtdn6/nQ/7n?7 ^.sno% n6/OQ/?n7s
DTD 01/10/2024 4.750% 12/10/2025
63254ABD9 0.00 8,750.00 8,750.00
12/11/24 12/11/24 NATIONAL AUSTRALIA BK/NY
DTD 06/11/2024 5.087% 06/11/2027
63253QAJ3 0.00 62,442.93 62,442.93
12/14/24 12/14/24 VISAING (CALLABLE)
DTD 12/14/2015 3.150% 12/14/2025
92826CAD4 0.00 15,750.00 15.750.00
12/15/24 12/15/24 HART 2023-C A2A
DTD 11/13/2023 5.800% 01/15/2027
44918CAB8 0.00 1,799.48 1,799.48
12/15/24 12/15/24 BACCT 2024-Al A
DTD 06/13/2024 4.930% 05/15/2029
05522RDJ4 0.00 4,231.58 4,231.58
12/15/24 12/15/24 HDMOT 2023-B A3
DTD 09/27/2023 5.690% 08/15/2028
41285YAC9 0.00 4,433.46 4,433.46
12/15/24 12/15/24 TAOT 2024-A A3
DTD 01/30/2024 4.830% 10/16/2028
89238DAD0 0.00 1,348.38 1,348.38
12/15/24 12/15/24 WFCIT 2024-Al A
DTD 03/01/2024 4.940% 02/15/2029
92970QAA3 0.00 3,807.92 3,807.92
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 40
19 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal
Trade Settle Security Description CUSIP Par Proceeds
Accrued
Interest Total
Realized G/L Realized G/L Sale
Cost Amort Cost Method

INTEREST
DTD 05/22/2024 5.470% 12/15/2026
12/15/24 12/15/24 WOART 2023-D A2A
DTD 11/08/2023 5.910% 02/16/2027
98164DAB3 0.00 951.75 951.75
12/15/24 12/15/24 COPAR 2024-1A2A
DTD 11/26/2024 4.610% 10/15/2027
14043NAB5 0.00 973.22 973.22
12/15/24 12/15/24 TAOT 2024-B A2A
DTD 04/30/2024 5.410% 03/15/2027
89237NAB3 0.00 2,499.79 2,499.79
12/15/24 12/15/24 FORDO 2023-C A3
DTD 11/21/2023 5.530% 09/15/2028
344940AD3 0.00 1,566.83 1,566.83
12/15/24 12/15/24 FORDO 2024-D A2A
DTD 11/22/2024 4.590% 10/15/2027
34535VAB0 0.00 1,510.24 1,510.24
12/15/24 12/15/24 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 0.00 960.49 960.49
12/15/24 12/15/24 TAOT 2024-C A2A
DTD 07/30/2024 5.160% 05/17/2027
89237OAB6 0.00 1,440.50 1,440.50
12/15/24 12/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 1,473.25 1,473.25
12/15/24 12/15/24 WOART 2024-C A2A
DTD 08/20/2024 4.780% 01/18/2028
98164NAB1 0.00 4,102.83 4,102.83
12/15/24 12/15/24 DCENT 2023-Al A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 4,669.17 4,669.17
12/15/24 12/15/24 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 0.00 4,018.00 4,018.00
12/15/24 12/15/24 FORDO 2024-B A2A
DTD 06/24/2024 5.400% 04/15/2027
34531OAB5 0.00 7,425.00 7,425.00
12/15/24 12/15/24 NAROT 2023-B A2A
DTD 10/25/2023 5.950% 05/15/2026
65480MAB9 0.00 2,576.43 2,576.43
12/15/24 12/15/24 HART 2022-C A3
DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 0.00 2,081.00 2,081.00
12/15/24 12/15/24 KCOT 2024-1A A2
DTD 02/21/2024 5.390% 01/15/2027
50117BAB6 0.00 3,529.37 3,529.37
12/15/24 12/15/24 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 0.00 1,108.00 1,108.00
12/15/24 12/15/24 NAROT 2024-A A2A 65479UAB4 0.00 3,008.50 3,008.50 PPM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 41
20 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal
Trade Settle Security Description CUSIP Par Proceeds
Accrued
Interest Total
Realized G/L Realized G/L Sale
Cost Amort Cost Method

INTEREST
DTD 07/30/2024 5.250% 03/15/2027
12/15/24 12/15/24 HAROT 2024-1 A2
DTD 02/21/2024 5.360% 09/15/2026
437918AB1 0.00 3,930.85 3,930.85
12/15/24 12/15/24 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 0.00 2,275.00 2,275.00
12/15/24 12/15/24 FORDO 2024-C A2A
DTD 09/20/2024 4.320% 08/15/2027
34532UAB5 0.00 2,322.00 2,322.00
12/15/24 12/15/24 WOART 2024-B A2A
DTD 05/22/2024 5.480% 09/15/2027
98164HAB4 0.00 1,769.65 1,769.65
12/15/24 12/15/24 WOART 2024-A A2A
DTD 02/14/2024 5.050% 04/15/2027
98164RAB2 0.00 1,079.94 1,079.94
12/15/24 12/15/24 MBART 2023-2 A2
DTD 10/25/2023 5.920% 11/16/2026
58769FAB1 0.00 734.96 734.96
12/15/24 12/15/24 COPAR 2023-2 A2A
DTD 10/11/2023 5.910% 10/15/2026
14044EAB4 0.00 2,558.21 2,558.21
12/15/24 12/15/24 HAROT 2024-4 A2
DTD 10/24/2024 4.560% 03/15/2027
43816DAB1 0.00 5,966.00 5,966.00
12/15/24 12/15/24 US TREASURY N/B
DTD 12/15/2022 4.000% 12/15/2025
91282CGA3 0.00 50,000.00 50,000.00
12/15/24 12/15/24 NAROT 2024-B A2A
DTD 10/23/2024 4.510% 06/15/2027
65479WAB0 0.00 3,965.04 3,965.04
12/15/24 12/15/24 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 3,595.62 3,595.62
12/15/24 12/15/24 COMET 2024-Al A
DTD 09/24/2024 3.920% 09/15/2029
14041NGE5 0.00 4,736.67 4,736.67
12/15/24 12/15/24 FORDO 2024-A A2A
DTD 03/19/2024 5.320% 01/15/2027
34535EAB8 0.00 1,569.42 1,569.42
12/15/24 12/15/24 KCOT 2024-2A A2
DTD 06/25/2024 5.450% 04/15/2027
50117DAB2 0.00 1,362.50 1,362.50
12/15/24 12/15/24 TAOT 2024-D A2A
DTD 10/17/2024 4.550% 08/16/2027
89239TAB8 0.00 2,312.92 2,312.92
12/15/24 12/15/24 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
02007NAC2 0.00 2,277.00 2,277.00
12/15/24 12/15/24 USAOT 2024-A A2 90327VAB4 0.00 4,987.50 4,987.50 PPM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 42
21 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accrued Realized G/L Realized G/L Sale Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method

INTEREST
DTD 08/21/2024 4.890% 02/22/2027
12/15/24 12/15/24 BAAT 2024-1A A3
DTD 05/22/2024 5.350% 11/15/2028
09709AAC6 0.00 557.29 557.29
12/15/24 12/15/24 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 3,116.21 3,116.21
12/15/24 12/15/24 HART 2024-B A2A
DTD 07/24/2024 5.150% 06/15/2027
44934OAB7 0.00 2,403.33 2,403.33
12/15/24 12/15/24 WFCTT 2024-A2 A
DTD 10/24/2024 4.290% 10/15/2029
92970OAE5 0.00 2,341.63 2,341.63
12/15/24 12/15/24 ALLYA 2024-1 A3
DTD 03/13/2024 5.080% 12/15/2028
02008FAC8 0.00 1,629.83 1,629.83
12/15/24 12/15/24 HART 2024-C A2A
DTD 10/16/2024 4.530% 09/15/2027
448976AB6 0.00 3,340.88 3,340.88
12/15/24 12/15/24 CHAIT 2023-Al A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 3,461.50 3,461.50
12/15/24 12/15/24 CHAIT 2024-Al A
DTD 01/31/2024 4.600% 01/16/2029
161571HV9 0.00 2,664.17 2,664.17
12/16/24 12/16/24 GMCAR 2024-2 A2A
DTD 04/10/2024 5.330% 03/16/2027
379931AB4 0.00 992.47 992.47
12/16/24 12/16/24 GMCAR 2024-3 A2A
DTD 07/10/2024 5.350% 06/16/2027
38013KAB6 0.00 3,165.42 3,165.42
12/16/24 12/16/24 GMCAR 2023-4 A3
DTD 10/11/2023 5.780% 08/16/2028
379930AD2 0.00 2,263.83 2,263.83
12/16/24 12/16/24 GMCAR 2024-4 A2A
DTD 10/16/2024 4.530% 10/18/2027
38014AAB7 0.00 2,472.63 2,472.63
12/16/24 12/16/24 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 0.00 444.58 444.58
12/20/24 12/20/24 VALET 2024-1 A2A
DTD 11/26/2024 4.650% 11/22/2027
92868RAB4 0.00 4,107.50 4,107.50
12/20/24 12/20/24 VALET 2023-2 A2A
DTD 11/21/2023 5.720% 03/22/2027
92867YAB0 0.00 1,536.19 1,536.19
12/21/24 12/21/24 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 921.38 921.38
12/21/24 12/21/24 HAROT 2024-3 A2 43813YAB8 0.00 3,341.50 3,341.50 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 43
22 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accrued Realized G/L Realized G/L Sale Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method

INTEREST
DTD 06/30/2023 4.625% 06/30/2025
12/22/24 12/22/24 PFAST 2023-2A A2A
DTD 11/10/2023 5.880% 11/23/2026
732916AB7 0.00 1,371.97 1,371.97
12/24/24 12/24/24 HOME DEPOT INC
DTD 06/25/2024 5.100% 12/24/2025
437076CX8 0.00 25,358.33 25,358.33
12/25/24 12/25/24 CHAOT 2024-3A A2
DTD 06/27/2024 5.530% 09/27/2027
16144LAB2 0.00 3,666.75 3,666.75
12/25/24 12/25/24 CHAOT 2024-1A A2
DTD 03/27/2024 5.480% 04/26/2027
16144BAB4 0.00 636.00 636.00
12/25/24 12/25/24 CHAOT 2024-2A A2
DTD 04/25/2024 5.660% 05/26/2027
16144CAB2 0.00 2,558.06 2,558.06
12/25/24 12/25/24 CHAOT 2024-4A A2
DTD 07/30/2024 5.250% 09/27/2027
16144YAB4 0.00 2,275.00 2,275.00
12/25/24 12/25/24 CHAOT 2024-5A A2
DTD 09/24/2024 4.400% 11/26/2027
16144OAB1 0.00 1,100.00 1,100.00
12/25/24 12/25/24 BMWOT 2024-A A3
DTD 06/11/2024 5.180% 02/26/2029
096919AD7 0.00 3,086.42 3,086.42
12/31/24 12/31/24 US TREASURY N/B 91282CHL8 0.00 16,765.63 16,765.63 Transaction Type Sub-Total 0.00 416,076.68 416,076.68

MATURITY
12/13/24 12/13/24 BARCLAYS CAPITAL INC
DTD 03/18/2024 0.000% 12/13/2024
06743UMD1 2,125,000.00 2,125,000.00 0.00 2,125,000.00 83,520.76 0.00 DTD 07/01/2017 2.864% 10/01/2026
Transaction Type Sub-Total 2,125,000.00 2,125,000.00 0.00 2,125,000.00 83,520.76 0.00

PAYDOWNS
12/01/24 12/25/24 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 1,279.02 1,279.02 0.00 1,279.02 61.85 54.02
12/01/24 12/25/24 FHMS K058 Al
DTD 11/01/2016 2.340% 07/01/2026
3137BSP64 14,364.67 14,364.67 0.00 14,364.67 736.19 418.87 12/01/24 12/25/24 FHMS K065 Al 3137F1G36 23,449.31 23,449.31 0.00 23,449.31 1,012.17 660.20 PPM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 44
23 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accrued Realized G/L Realized G/L Sale DTD 03/19/2024 5.320% 01/15/2027
Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method

PAYDOWNS
12/01/24 12/25/24 FHMS K733 A2
DTD 11/01/2018 3.750% 08/01/2025
3137FJXO7 261.41 261.40 0.00 261.40 8.59 3.41
12/01/24 12/25/24 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 1,091.46 1,091.46 0.00 1,091.46 78.74 46.59
12/01/24 12/25/24 FNA 2015-M11 A2
DTD 07/01/2015 2.861% 04/01/2025
3136APSZ6 51,147.90 51,147.90 0.00 51,147.90 1,999.96 564.25 12/01/24 12/25/24 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 26,884.59 26,884.59 0.00 26,884.59 1,359.98 710.90 12/15/24 12/15/24 WOART 2023-D A2A
DTD 11/08/2023 5.910% 02/16/2027
98164DAB3 22,657.19 22,657.19 0.00 22,657.19 1.91 1.29
12/15/24 12/15/24 NAROT 2024-A A2A
DTD 05/22/2024 5.470% 12/15/2026
65479UAB4 16,734.91 16,734.91 0.00 16,734.91 0.17 0.12
12/15/24 12/15/24 WOART 2024-A A2A
DTD 02/14/2024 5.050% 04/15/2027
98164RAB2 25,503.96 25,503.96 0.00 25,503.96 1.99 1.45
12/15/24 12/15/24 HAROT 2024-1 A2
DTD 02/21/2024 5.360% 09/15/2026
437918AB1 92,326.96 92,326.96 0.00 92,326.96 8.52 5.85
12/15/24 12/15/24 WOART 2024-B A2A
DTD 05/22/2024 5.480% 09/15/2027
98164HAB4 32,505.53 32,505.53 0.00 32,505.53 3.27 2.73
12/15/24 12/15/24 KCOT 2024-1A A2
DTD 02/21/2024 5.390% 01/15/2027
50117BAB6 53,159.34 53,159.34 0.00 53,159.34 0.70 0.42
12/15/24 12/15/24 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 30,208.86 30,208.86 0.00 30,208.86 784.73 491.48 12/15/24 12/15/24 HART 2022-C A3
DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 32,450.83 32,450.83 0.00 32,450.83 249.72 171.70 12/15/24 12/15/24 MBART 2023-2 A2
DTD 10/25/2023 5.920% 11/16/2026
58769FAB1 20,809.98 20,809.98 0.00 20,809.98 0.93 0.60
12/15/24 12/15/24 COPAR 2023-2 A2A
DTD 10/11/2023 5.910% 10/15/2026
14044EAB4 67,566.65 67,566.65 0.00 67,566.65 5.96 3.74
12/15/24 12/15/24 TAOT 2024-B A2A
DTD 04/30/2024 5.410% 03/15/2027
89237NAB3 46,108.32 46,108.32 0.00 46,108.32 3.32 2.64
12/15/24 12/15/24 HART 2023-C A2A
DTD 11/13/2023 5.800% 01/15/2027
4491SCABS 40,525.47 40,525.47 0.00 40,525.47 1.89 1.27
12/15/24 12/15/24 FORDO 2024-A A2A 34535EAB8 30,486.67 30,486.67 0.00 30,486.67 1.07 0.78 PPM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 45
24 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2024 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type
Security Description CUSIP Par
Principal
Proceeds
Accrued
Interest Total
Realized G/L
Cost
Realized G/L
Amort Cost
Sale
Trade Settle Method

PAYDOWNS
12/15/24 12/15/24 NAROT 2023-B A2A 65480MAB9 72,136.50 72,136.50 0.00 72,136.50 1.07 0.59 12/16/24 12/16/24
DTD 10/25/2023 5.950% 05/15/2026
GMCAR 2024-2 A2A 379931AB4 19,982.07 19,982.07 0.00 19,982.07 1.33 1.02 12/20/24 12/20/24
DTD 04/10/2024 5.330% 03/16/2027
VALET 2023-2 A2A 92867YAB0 28,272.93 28,272.93 0.00 28,272.93 1.65 1.14 12/23/24 12/23/24
DTD 11/21/2023 5.720% 03/22/2027
PFAST 2023-2A A2A 732916AB7 80,903.73 80,903.73 0.00 80,903.73 2.48 1.60 12/25/24 12/25/24
DTD 11/10/2023 5.880% 11/23/2026
CHAOT 2024-4A A2 16144YAB4 9,101.19 9,101.19 0.00 9,101.19 0.85 0.75 12/25/24 12/25/24
DTD 07/30/2024 5.250% 09/27/2027
CHAOT 2024-3A A2 16144LAB2 66,573.71 66,573.71 0.00 66,573.71 0.58 0.34 12/25/24 12/25/24
DTD 06/27/2024 5.530% 09/27/2027
CHAOT 2024-2A A2 16144CAB2 52,883.90 52,883.90 0.00 52,883.90 1.91 1.91 12/25/24 12/25/24
DTD 04/25/2024 5.660% 05/26/2027
CHAOT 2024-1A A2
DTD 03/27/2024 5.480% 04/26/2027
16144BAB4 15,326.51 15,326.51 0.00 15,326.51 1.29 0.97
Transaction Type Sub-Total 974,703.57 974,703.56 0.00 974,703.56 6,332.82 3,150.63 SELL
12/05/24 12/06/24 US TREASURY N/B 91282CHD6 2,150,000.00 2,148,404.30 1,506.18 2,149,910.48 29,478.52 6,923.09 FIFO 12/13/24 12/13/24
DTD 05/31/2023 4.250% 05/31/2025
US TREASURY N/B 91282CEY3 2,000,000.00 1,985,468.75 24,619.57 2,010,088.32 31,640.62 9,444.11 FIFO 12/13/24 12/13/24
DTD 07/15/2022 3.000% 07/15/2025
US TREASURY N/B 91282CHL8 2,000,000.00 2,003,515.63 41,725.54 2,045,241.17 17,968.75 7,726.72 FIFO 12/13/24 12/16/24
DTD 06/30/2023 4.625% 06/30/2025
US TREASURY N/B 91282CHD6 675,000.00 674,709.96 1,260.99 675,970.95 9,465.82 2,232.50 FIFO 12/13/24 12/16/24
DTD 05/31/2023 4.250% 05/31/2025
US TREASURY N/B 91282CHL8 800,000.00 801,406.25 16,991.85 818,398.10 7,187.50 3,065.29 FIFO 12/16/24 12/17/24
DTD 06/30/2023 4.625% 06/30/2025
US TREASURY N/B 91282CHL8 900,000.00 901,617.19 19,228.94 920,846.13 8,121.10 3,474.09 FIFO 12/17/24 12/17/24
DTD 06/30/2023 4.625% 06/30/2025

US TREASURY N/B
DTD 06/30/2023 4.625% 06/30/2025
91282CHL8 300,000.00 300,527.34 6,409.65 306,936.99 2,695.31 1,146.31 FIFO PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 46
25 Item 1b December 2024 Treasurer Report
Managed Account Security Transactions & For the Month Ending December 31, 2024 Interest Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type
Trade Settle Security Description CUSIP
Principal
Par Proceeds
Accrued
Interest Total
Realized G/L
Cost
Realized G/L
Amort Cost
Sale
Method
SELL
12/26/24 12/26/24 US TREASURY N/B
DTD 06/30/2023 4.625% 06/30/2025
91282CHL8 275,000.00 275,526.37 6,186.57 281,712.94 2,513.67 1,067.57 FIFO Transaction Type Sub-Total 9,100,000.00 9,091,175.79 117,929.29 9,209,105.08 109,071.29 35,079.68 Managed Account Sub-Total (600,434.99) 515,413.67 (85,021.32) 198,924.87 38,230.31 Total Security Transactions ($600,434.99) $515,413.67 ($85,021.32) $198,924.87 $38,230.31 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 47

Page 1 of 1 ends

Staff Report – Item 1c
Item 1c: Receive January 2025 Update for All Retail Rates From: Monica Padilla, CEO
Prepared by: Justin Zagunis, Director of Customer Success Peyton Parks, Energy Services Manager
Kaley Dodson, Senior Energy Services Specialist
Date: 2/12/2025

RECOMMENDATION
Staff requests the Board of Directors (Board) receive this January 2025 rate update, which maintains a four percent (4%) discount relative to all corresponding Pacific Gas and Electric (PG&E rates), per the discount approved by the Board on December 11, 2024 by the adoption of Resolution 2024-16, Resolution Approving Customer Generation Rates and The Fiscal Year 2024-2025 Updated Budget.

BACKGROUND
At the December 11, 2024 meeting of the SVCE Board of Directors, the Board adopted a 4% generation rate discount relative to PG&E for the calendar year 2025. The Board also granted the Chief Executive Officer (CEO) the authority to adjust the Authority’s current electric generation rates for its customers upon receiving PG&E’s updated rates and with a sufficient time window for implementing new generation rates in SVCE’s billing system.

ANALYSIS & DISCUSSION
PG&E published new generation and Power Charge Indifference Adjustment (PCIA) rates on December 27, 2024, which became effective January 1, 2025. SVCE rate schedules and associated billing determinants have been updated as referenced in the attachments and reflect a 4% discount to PG&E’s comparable generation rates while recovering sufficient revenue to meet the forecasted costs in the Board-approved budget from Resolution 2024-16. The rates have been loaded into the billing system and are effective as of January 1, 2025.

STRATEGIC PLAN
Rate alignment is reflected in SVCE Strategic Plan Goal 8, “Engage customers and community stakeholders to build trust of SVCE and advance decarbonization.”

ALTERNATIVE
N/A

FISCAL IMPACT
The fiscal impact of this rate change relative to the existing budget is negligible, as this rate change has been modeled and accounted for as presented in the December 11, 2024 board meeting.

ATTACHMENT

1. SVCE Residential Rate Schedule effective January 1, 2025

2. SVCE Non-Residential Rate Schedule effective January 1, 2025 Item 1c
SILICON VALLEY \3/ CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3 Notes
E-1 Year-round 0.13768 $ $ 0.14946 $ Rates applicable to all usage throughout the year 0.15569 EV-A, EV-B Summer (May-Oct)
SUMMER PEAK 0.30697 $ $ 0.31875 $ 0.33203 2:00 p.m. to 9:00 p.m. Monday through Friday, 3:00 p.m. to 7:00 p.m. Saturday, Sunday and Holidays
SUMMER PART-PEAK 0.16924 $ $ 0.18102 $ 0.18856 7:00 a.m. to 2:00 p.m. and 9:00 p.m. to 11:00 p.m. Monday through Friday, except holidays
SUMMER OFF-PEAK 0.12471 $ $ 0.13649 $ 0.14218 All other hours Winter (Nov-Apr)
WINTER PEAK 0.12028 $ $ 0.13206 $ 0.13756 2:00 p.m. to 9:00 p.m. Monday through Friday. 3:00 p.m. to 7:00 p.m. Saturday, Sunday and Holidays
WINTER PART-PEAK 0.09642 $ $ 0.10820 $ 0.11271 7:00 a.m. to 2:00 p.m. and 9:00 p.m. to 11:00 p.m. Monday through Friday, except holidays
WINTER OFF-PEAK 0.09642 $ $ 0.10820 $ 0.11271 All other hours Item 1c
Attachment 1

SILICON VALLEY

CLEAN ENERGY
1 1 1
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3 Notes
EV-2A Summer (Jun-Sep)
SUMMER PEAK 0.19614 $ $ 0.20792 $ 4:00 p.m. to 9:00 p.m. every day including weekends and holidays 0.21658 SUMMER PART-PEAK 0.15322 $ $ 0.16500 $ 0.17187 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
SUMMER OFF-PEAK 0.11372 $ $ 0.12550 $ 0.13073 All other hours Winter (Oct-May)
WINTER PEAK 0.14154 $ $ 0.15332 $ 4:00 p.m. to 9:00 p.m. every day including weekends and holidays 0.15971 WINTER PART-PEAK 0.12955 $ $ 0.14133 $ 0.14722 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
WINTER OFF-PEAK 0.10701 $ $ 0.11879 $ 0.12374 All other hours E-ELEC Summer (Jun-Sep)
SUMMER PEAK 0.31087 $ $ 0.32265 $ 4:00 p.m. to 9:00 p.m. every day including weekends and holidays 0.29332 SUMMER PART-PEAK 0.18243 $ $ 0.19421 $ 0.19421 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
SUMMER OFF-PEAK 0.09260 $ $ 0.10438 $ 0.14911 All other hours Winter (Oct-May)
WINTER PEAK 0.13253 $ $ 0.14431 $ 4:00 p.m. to 9:00 p.m. every day including weekends and holidays 0.13119 WINTER PART-PEAK 0.09944 $ $ 0.11122 $ 0.11122 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
WINTER OFF-PEAK 0.05673 $ $ 0.06851 $ 0.09787 All other hours Item 1c
Attachment 1
SILICON VALLEY <3/ CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3 Notes
E-TOU-B Summer (Jun-Sep)
SUMMER PEAK 0.24971 $ $ 0.26149 $ 0.27239 4:00 p.m. to 9:00 p.m. Monday through Friday SUMMER OFF-PEAK 0.13158 $ $ 0.14336 $ 0.14933 All other times including Holidays Winter (Oct-May)
WINTER PEAK 0.14795 $ $ 0.15973 $ 0.16639 4:00 p.m. to 9:00 p.m. Monday through Friday WINTER OFF-PEAK 0.11071 $ $ 0.12249 $ 0.12759 All other times including Holidays E-TOU-C Summer (Jun-Sep)
SUMMER PEAK 0.20329 $ $ 0.21507 $ 0.22403 4:00 p.m. to 9:00 p.m. everyday SUMMER OFF-PEAK 0.12361 $ $ 0.13539 $ 0.14103 All other times Winter (Oct-May)
WINTER PEAK 0.14564 $ $ 0.15742 $ 0.16398 4:00 p.m. to 9:00 p.m. everyday WINTER OFF-PEAK 0.12003 $ $ 0.13181 $ 0.13730 All other times Item 1c
Attachment 1
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3 Notes
E-TOU-D Summer (Jun-Sep)
SUMMER PEAK 0.21253 $ $ 0.22431 $ 0.23366 5:00 p.m. to 8:00 p.m. Monday - Friday SUMMER OFF-PEAK 0.11177 $ $ 0.12355 $ 0.12870 All other times including Holidays Winter (Oct-May)
WINTER PEAK 0.17330 $ $ 0.18508 $ 0.19279 5:00 p.m. to 8:00 p.m. Monday - Friday WINTER OFF-PEAK 0.13962 $ $ 0.15140 $ 0.15771 All other times including Holidays GreenPrime + $ 0.01700 Same as applicable rate, with 0.017/kWh adder for 100% Renewable energy 1 SVCE Generation Rates, without added PG&E fees, effective 1/1/2025 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 1/1/2025 3 PG&E Generation service rate effective 1/1/2025
Item 1c
Attachment 1
©

SILICONVALLEY

CLEAN ENERGY
1 1 1
Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
A-1-A Summer (May-Oct) $ 0.15164 $ 0.16281 $ Rates applicable to all usage throughout the season 0.16959 Winter (Nov-Apr) $ 0.11310 $ 0.12427 $ Rates applicable to all usage throughout the season 0.12945 A-1-B Summer (May-Oct)
PEAK $ 0.15422 $ 0.16539 $ 12 Noon to 6 P.M. Monday through Friday (except holidays) 0.17228 PART-PEAK $ 0.15422 $ 0.16539 $ 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) 0.17228 OFF-PEAK $ 0.13050 $ 0.14167 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.14757 Winter (Nov-Apr)
PART-PEAK $ 0.12470 $ 0.13587 $ 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) 0.14153 OFF-PEAK $ 0.12414 $ 0.13531 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.14095 Quick Access to Rates
Medium Commercial
Commercial EV
Large Commercial
Standby
Lighting
Agriculture
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
SVCE
Generation
Service
($/kWh) or
PG&E
Generation
Service
($/kWh) or Notes
B-1 Summer (Jun-Sep)
PEAK $ 0.19289 $ 0.20406 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.21256 PART-PEAK $ 0.14563 $ 0.15680 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.16333 OFF-PEAK $ 0.12565 $ 0.13682 $ All other hours 0.14252
Winter (Oct-May)
PEAK $ 0.13985 $ 0.15102 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15731 OFF-PEAK $ 0.12437 $ 0.13554 $ All other hours 0.14119
SUPER OFF-PEAK $ 0.10861 $ 0.11978 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only, including weekends and holidays 0.12477 B-1-ST Summer (Jun-Sep)
PEAK $ 0.19751 $ 0.20868 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.21738 PART-PEAK $ 0.15675 $ 0.16792 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.17492 OFF-PEAK $ 0.12243 $ 0.13360 $ All other hours 0.13917
Winter (Oct-May)
PEAK $ 0.14896 $ 0.16013 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.16680 PART-PEAK $ 0.13711 $ 0.14828 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.15446 OFF-PEAK $ 0.11599 $ 0.12716 $ All other hours 0.13246
SUPER OFF-PEAK $ 0.10023 $ 0.11140 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only, including weekends and holidays 0.11604 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
A-6 Summer (May-Oct)
PEAK 0.16754 $ $ 0.17871 $ 12 Noon to 6 P.M. Monday through Friday (except holidays) 0.18616 PART-PEAK 0.16754 $ $ 0.17871 $ 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) 0.18616 OFF-PEAK 0.13514 $ $ 0.14631 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.15241 Winter (Nov-Apr)
PART-PEAK 0.12614 $ $ 0.13731 $ 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) 0.14303 OFF-PEAK 0.12546 $ $ 0.13663 $ 9:30 P.M. to 8:30 A.M. Monday through Friday and all day Saturday and Sunday, holidays 0.14232 B-6 Summer (Jun-Sep)
PEAK 0.28250 $ $ 0.29367 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.30591 OFF-PEAK 0.11937 $ $ 0.13054 $ All other hours 0.13598
Winter (Oct-May)
PEAK 0.14770 $ $ 0.15887 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.16549 OFF-PEAK 0.10973 $ $ 0.12090 $ All other hours 0.12594
SUPER OFF-PEAK 0.07510 $ $ 0.08627 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only, including weekends and holidays 0.08986 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
A-10-A Summer (May-Oct) $ 0.15198 $ 0.16371 $ Rates applicable to all usage throughout the season 0.17053 SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr) $ 0.13109 $ 0.14282 $ Rates applicable to all usage throughout the season 0.14877 A-10-B Summer (May-Oct)
PEAK $ 0.16519 $ 0.17692 $ 12 Noon to 6 P.M. Monday through Friday (except holidays) 0.18429 PART-PEAK $ 0.16519 $ 0.17692 $ 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) 0.18429 OFF-PEAK $ 0.13948 $ 0.15121 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.15751 SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.13195 $ 0.14368 $ 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) 0.14967 OFF-PEAK $ 0.13127 $ 0.14300 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.14896 A-10-B-P Summer (May-Oct)
PEAK $ 0.14547 $ 0.15720 $ 12 Noon to 6 P.M. Monday through Friday (except holidays) 0.16375 PART-PEAK $ 0.14547 $ 0.15720 $ 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) 0.16375 OFF-PEAK $ 0.12116 $ 0.13289 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.13843 SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.11404 $ 0.12577 $ 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) 0.13101 OFF-PEAK $ 0.11340 $ 0.12513 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.13034 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
A-10-B-T Summer (May-Oct)
PEAK 0.12380 $ $ 0.13553 $ 12 Noon to 6 P.M. Monday through Friday (except holidays) 0.14118 PART-PEAK 0.12380 $ $ 0.13553 $ 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) 0.14118 OFF-PEAK 0.10014 $ $ 0.11187 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.11653 SUMMER MAX (kW) - $ $ - $ -
Winter (Nov-Apr)
PART-PEAK 0.09319 $ $ 0.10492 $ 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) 0.10929 OFF-PEAK 0.09255 $ $ 0.10428 $ 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays 0.10863 B-10-S Summer (Jun-Sep)
PEAK 0.21857 $ $ 0.23030 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.23990 PART-PEAK 0.15935 $ $ 0.17108 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.17821 OFF-PEAK 0.12808 $ $ 0.13981 $ All other hours 0.14564
Winter (Oct-May)
PEAK 0.16286 $ $ 0.17459 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.18186 OFF-PEAK 0.12879 $ $ 0.14052 $ All other hours 0.14638
SUPER OFF-PEAK 0.09391 $ $ 0.10564 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May only, including weekends and holidays 0.11004 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
B-10-P Summer (Jun-Sep)
PEAK 0.19676 $ $ 0.20849 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.21718 PART-PEAK 0.14079 $ $ 0.15252 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.15888 OFF-PEAK 0.11119 $ $ 0.12292 $ All other hours 0.12804
Winter (Oct-May)
PEAK 0.14432 $ $ 0.15605 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.16255 OFF-PEAK 0.11202 $ $ 0.12375 $ All other hours 0.12891
SUPER OFF-PEAK 0.07714 $ $ 0.08887 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May only, including weekends and holidays 0.09257 B-10-T Summer (Jun-Sep)
PEAK 0.17305 $ $ 0.18478 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.19248 PART-PEAK 0.11858 $ $ 0.13031 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.13574 OFF-PEAK 0.08971 $ $ 0.10144 $ All other hours 0.10567
Winter (Oct-May)
PEAK 0.12212 $ $ 0.13385 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.13943 OFF-PEAK 0.09061 $ $ 0.10234 $ All other hours 0.10660
SUPER OFF-PEAK 0.05572 $ $ 0.06745 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May only, including weekends and holidays 0.07026 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
BEV1 Summer/Winter
PEAK 0.27637 $ $ 0.28626 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.29819 OFF-PEAK 0.10111 $ $ 0.11100 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays 0.11563 SUPER OFF-PEAK 0.07674 $ $ 0.08663 $ 9:00 a.m. to 2:00 p.m.; Every day, including weekends and holidays 0.09024 BEV2S Summer/Winter
PEAK 0.29397 $ $ 0.30476 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.31746 OFF-PEAK 0.09875 $ $ 0.10954 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays 0.11410 SUPER OFF-PEAK 0.07436 $ $ 0.08515 $ 9:00 a.m. to 2:00 p.m.; Every day, including weekends and holidays 0.08870 BEV2P Summer/Winter
PEAK 0.28401 $ $ 0.29480 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.30708 OFF-PEAK 0.09587 $ $ 0.10666 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays 0.11110 SUPER OFF-PEAK 0.07263 $ $ 0.08342 $ 9:00 a.m. to 2:00 p.m.; Every day, including weekends and holidays 0.08690 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
E-19-S Summer (May-Oct)
PEAK 0.09399 $ $ 0.10509 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.10947 PART-PEAK 0.09399 $ $ 0.10509 $ 0.10947 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.08681 $ $ 0.09791 $ 0.10199 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) 16.61 $ $ 16.61 $ 17.30
PART-PEAK (kW) 16.61 $ $ 16.61 $ 17.30
Winter (Nov-Apr)
PART-PEAK 0.08370 $ $ 0.09480 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.09875 OFF-PEAK 0.08285 $ $ 0.09395 $ 0.09786 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-P Summer (May-Oct)
PEAK 0.08049 $ $ 0.09159 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.09541 PART-PEAK 0.08049 $ $ 0.09159 $ 0.09541 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.07354 $ $ 0.08464 $ 0.08817 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) 14.77 $ $ 14.77 $ 15.39
PART-PEAK (kW) 14.77 $ $ 14.77 $ 15.39
Winter (Nov-Apr)
PART-PEAK 0.07054 $ $ 0.08164 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.08504 OFF-PEAK 0.06972 $ $ 0.08082 $ 0.08419 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
E-19-T Summer (May-Oct)
PEAK 0.07197 $ $ 0.08307 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.08653 PART-PEAK 0.07197 $ $ 0.08307 $ 0.08653 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.06479 $ $ 0.07589 $ 0.07905 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) 17.03 $ $ 17.03 $ 17.74
PART-PEAK (kW) 17.03 $ $ 17.03 $ 17.74
Winter (Nov-Apr)
PART-PEAK 0.06171 $ $ 0.07281 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.07584 OFF-PEAK 0.06087 $ $ 0.07197 $ 0.07497 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-R-S Summer (May-Oct)
PEAK 0.16236 $ $ 0.17346 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.18069 PART-PEAK 0.16236 $ $ 0.17346 $ 0.18069 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.13054 $ $ 0.14164 $ 0.14754 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK 0.12805 $ $ 0.13915 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.14495 OFF-PEAK 0.12737 $ $ 0.13847 $ 0.14424 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
E-19-R-P Summer (May-Oct)
PEAK 0.13874 $ $ 0.14984 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.15608 PART-PEAK 0.13874 $ $ 0.14984 $ 0.15608 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.11056 $ $ 0.12166 $ 0.12673 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK 0.10819 $ $ 0.11929 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.12426 OFF-PEAK 0.10755 $ $ 0.11865 $ 0.12359 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-R-T Summer (May-Oct)
PEAK 0.13327 $ $ 0.14437 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.15039 PART-PEAK 0.13327 $ $ 0.14437 $ 0.15039 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.10864 $ $ 0.11974 $ 0.12473 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK 0.10631 $ $ 0.11741 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.12230 OFF-PEAK 0.10567 $ $ 0.11677 $ 0.12164 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
B-19-S Summer (Jun-Sep)
PEAK 0.17436 $ $ 0.18546 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.19319 PART-PEAK 0.12277 $ $ 0.13387 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.13945 OFF-PEAK 0.08628 $ $ 0.09738 $ All other hours 0.10144
PEAK 25.93 $ $ 25.93 $ 27.01
PART-PEAK (kW) 3.77 $ $ 3.77 $ 3.93
Winter (Oct-May)
PEAK 0.14160 $ $ 0.15270 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15906 OFF-PEAK 0.08614 $ $ 0.09724 $ All other hours 0.10129
SUPER OFF-PEAK 0.01174 $ $ 0.02284 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.02379 PEAK (kW) 3.07 $ $ 3.07 $ 3.20
B-19-P Summer (Jun-Sep)
PEAK 0.14728 $ $ 0.15838 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.16498 PART-PEAK 0.10808 $ $ 0.11918 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.12415 OFF-PEAK 0.07399 $ $ 0.08509 $ All other hours 0.08864
PEAK (kW) 21.80 $ $ 21.80 $ 22.71
PART-PEAK (kW) 3.20 $ $ 3.20 $ 3.33
Winter (Oct-May)
PEAK 0.12449 $ $ 0.13559 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.14124 OFF-PEAK 0.07442 $ $ 0.08552 $ All other hours 0.08908
SUPER OFF-PEAK 0.00318 $ $ 0.01428 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.01487 PEAK (kW) 2.24 $ $ 2.24 $ 2.33
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
B-19-T Summer (Jun-Sep)
PEAK 0.13063 $ $ 0.14173 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.14764 PART-PEAK 0.11403 $ $ 0.12513 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.13034 OFF-PEAK 0.07868 $ $ 0.08978 $ All other hours 0.09352
PEAK (kW) 19.55 $ $ 19.55 $ 20.36
PART-PEAK (kW) 4.89 $ $ 4.89 $ 5.09
Winter (Oct-May)
PEAK 0.12951 $ $ 0.14061 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.14647 OFF-PEAK 0.07946 $ $ 0.09056 $ All other hours 0.09433
SUPER OFF-PEAK 0.00583 $ $ 0.01693 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.01764 PEAK (kW) 1.88 $ $ 1.88 $ 1.96
B-19-R-S / B-19-ST-S Summer (Jun-Sep)
PEAK 0.28351 $ $ 0.29461 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.30689 PART-PEAK 0.15337 $ $ 0.16447 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.17132 OFF-PEAK 0.11640 $ $ 0.12750 $ All other hours 0.13281
Winter (Oct-May)
PEAK 0.15696 $ $ 0.16806 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.17506 OFF-PEAK 0.11633 $ $ 0.12743 $ All other hours 0.13274
SUPER OFF-PEAK 0.08194 $ $ 0.09304 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.09692 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
B-19-R-P / B-19-ST-P Summer (Jun-Sep)
PEAK 0.24995 $ $ 0.26105 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.27193 PART-PEAK 0.13135 $ $ 0.14245 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.14839 OFF-PEAK 0.09738 $ $ 0.10848 $ All other hours 0.11300
Winter (Oct-May)
PEAK 0.13363 $ $ 0.14473 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15076 OFF-PEAK 0.09749 $ $ 0.10859 $ All other hours 0.11311
SUPER OFF-PEAK 0.06310 $ $ 0.07420 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.07729 B-19-R-T / B-19-ST-T Summer (Jun-Sep)
PEAK 0.21935 $ $ 0.23045 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.24005 PART-PEAK 0.14111 $ $ 0.15221 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.15855 OFF-PEAK 0.10064 $ $ 0.11174 $ All other hours 0.11640
Winter (Oct-May)
PEAK 0.13318 $ $ 0.14428 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15029 OFF-PEAK 0.10085 $ $ 0.11195 $ All other hours 0.11661
SUPER OFF-PEAK 0.06646 $ $ 0.07756 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.08079 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
E-20-S Summer (May-Oct)
PEAK 0.08870 $ $ 0.09923 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.10336 PART-PEAK 0.08870 $ $ 0.09923 $ 0.10336 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.08165 $ $ 0.09218 $ 0.09602 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) 15.78 $ $ 15.78 $ 16.44
PART-PEAK (kW) 15.78 $ $ 15.78 $ 16.44
Winter (Nov-Apr)
PART-PEAK 0.07857 $ $ 0.08910 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.09281 OFF-PEAK 0.07772 $ $ 0.08825 $ 0.09193 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-P Summer (May-Oct)
PEAK 0.08832 $ $ 0.09842 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.10252 PART-PEAK 0.08832 $ $ 0.09842 $ 0.10252 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.08133 $ $ 0.09143 $ 0.09524 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) 17.25 $ $ 17.25 $ 17.97
PART-PEAK (kW) 17.25 $ $ 17.25 $ 17.97
Winter (Nov-Apr)
PART-PEAK 0.07834 $ $ 0.08844 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.09212 OFF-PEAK 0.07752 $ $ 0.08762 $ 0.09127 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
E-20-T Summer (May-Oct)
PEAK 0.07659 $ $ 0.08605 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.08964 PART-PEAK 0.07659 $ $ 0.08605 $ 0.08964 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.06959 $ $ 0.07905 $ 0.08234 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) 21.33 $ $ 21.33 $ 22.22
PART-PEAK (kW) 21.33 $ $ 21.33 $ 22.22
Winter (Nov-Apr)
PART-PEAK 0.06658 $ $ 0.07604 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.07921 OFF-PEAK 0.06577 $ $ 0.07523 $ 0.07836 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-R-S Summer (May-Oct)
PEAK 0.15029 $ $ 0.16082 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.16752 PART-PEAK 0.15029 $ $ 0.16082 $ 0.16752 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.12113 $ $ 0.13166 $ 0.13715 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK 0.11865 $ $ 0.12918 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.13456 OFF-PEAK 0.11797 $ $ 0.12850 $ 0.13385 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
E-20-R-P Summer (May-Oct)
PEAK 0.14583 $ $ 0.15593 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.16243 PART-PEAK 0.14583 $ $ 0.15593 $ 0.16243 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.11554 $ $ 0.12564 $ 0.13088 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK 0.11317 $ $ 0.12327 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.12841 OFF-PEAK 0.11253 $ $ 0.12263 $ 0.12774 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-R-T Summer (May-Oct)
PEAK 0.13932 $ $ 0.14878 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.15498 PART-PEAK 0.13932 $ $ 0.14878 $ 0.15498 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK 0.10936 $ $ 0.11882 $ 0.12377 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK 0.10703 $ $ 0.11649 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.12134 OFF-PEAK 0.10639 $ $ 0.11585 $ 0.12068 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
B-20-S Summer (Jun-Sep)
PEAK 0.16631 $ $ 0.17684 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.18421 PART-PEAK 0.12012 $ $ 0.13065 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.13609 OFF-PEAK 0.08364 $ $ 0.09417 $ All other hours 0.09809
PEAK (kW) 24.26 $ $ 24.26 $ 25.27
PART-PEAK (kW) 3.52 $ $ 3.52 $ 3.67
Winter (Oct-May)
PEAK 0.13879 $ $ 0.14932 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15554 OFF-PEAK 0.08334 $ $ 0.09387 $ All other hours 0.09778
SUPER OFF-PEAK 0.00905 $ $ 0.01958 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.02040 PEAK (kW) 3.09 $ $ 3.09 $ 3.22
B-20-P Summer (Jun-Sep)
PEAK 0.16352 $ $ 0.17362 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.18085 PART-PEAK 0.11382 $ $ 0.12392 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.12908 OFF-PEAK 0.07916 $ $ 0.08926 $ All other hours 0.09298
PEAK (kW) 27.16 $ $ 27.16 $ 28.29
PART-PEAK (kW) 3.73 $ $ 3.73 $ 3.89
Winter (Oct-May)
PEAK 0.13188 $ $ 0.14198 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.14790 OFF-PEAK 0.07925 $ $ 0.08935 $ All other hours 0.09307
SUPER OFF-PEAK 0.00458 $ $ 0.01468 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.01529 PEAK (kW) 3.13 $ $ 3.13 $ 3.26
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
B-20-T Summer (Jun-Sep)
PEAK 0.14164 $ $ 0.15110 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15740 PART-PEAK 0.10980 $ $ 0.11926 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.12423 OFF-PEAK 0.07425 $ $ 0.08371 $ All other hours 0.08720
PEAK (kW) 28.89 $ $ 28.89 $ 30.09
PART-PEAK (kW) 6.88 $ $ 6.88 $ 7.17
Winter (Oct-May)
PEAK 0.13310 $ $ 0.14256 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.14850 OFF-PEAK 0.06883 $ $ 0.07829 $ All other hours 0.08155
SUPER OFF-PEAK 0.00463 $ $ 0.01409 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.01468 PEAK (kW) 3.86 $ $ 3.86 $ 4.02
B-20-R-S / B-20-ST-S Summer (Jun-Sep)
PEAK 0.27175 $ $ 0.28228 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.29404 PART-PEAK 0.14431 $ $ 0.15484 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.16129 OFF-PEAK 0.10835 $ $ 0.11888 $ All other hours 0.12383
Winter (Oct-May)
PEAK 0.15020 $ $ 0.16073 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.16743 OFF-PEAK 0.10822 $ $ 0.11875 $ All other hours 0.12370
SUPER OFF-PEAK 0.07390 $ $ 0.08443 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.08795 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
B-20-R-P / B-20-ST-P Summer (Jun-Sep)
PEAK $ 0.25944 $ 0.26954 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.28077 PART-PEAK $ 0.13570 $ 0.14580 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.15187 OFF-PEAK $ 0.10238 $ 0.11248 $ All other hours 0.11717
Winter (Oct-May)
PEAK $ 0.14090 $ 0.15100 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15729 OFF-PEAK $ 0.10243 $ 0.11253 $ All other hours 0.11722
SUPER OFF-PEAK $ 0.06811 $ 0.07821 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.08147 B-20-R-T / B-20-ST-T Summer (Jun-Sep)
PEAK $ 0.25712 $ 0.26658 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.27769 PART-PEAK $ 0.14325 $ 0.15271 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.15907 OFF-PEAK $ 0.09501 $ 0.10447 $ All other hours 0.10882
Winter (Oct-May)
PEAK $ 0.14309 $ 0.15255 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.15891 OFF-PEAK $ 0.09220 $ 0.10166 $ All other hours 0.10590
SUPER OFF-PEAK $ 0.06072 $ 0.07018 $ 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays 0.07310 Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
AG-RA Summer (May-Oct)
PEAK 0.10894 $ $ 0.11943 $ 0.12441 Group I 12:00 noon to 6:00 p.m. Monday, Tuesday, Wednesday (except holidays) Group II 12:00 noon to 6:00 p.m. Wednesday, Thursday, Friday (except holidays) OFF-PEAK 0.10894 $ $ 0.11943 $ 0.12441 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER 2.82 $ $ 2.82 $ 2.94
Winter (Nov-Apr)
PART-PEAK 0.09300 $ $ 0.10349 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.10780 OFF-PEAK 0.09232 $ $ 0.10281 $ 0.10709 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-RB Summer (May-Oct)
PEAK 0.09512 $ $ 0.10561 $ 0.11001 Group I 12:00 noon to 6:00 p.m. Monday, Tuesday, Wednesday (except holidays) Group II 12:00 noon to 6:00 p.m. Wednesday, Thursday, Friday (except holidays) OFF-PEAK 0.09512 $ $ 0.10561 $ 0.11001 All other hours Monday through Friday All day Saturday, Sunday, holidays
MAX 3.98 $ $ 3.98 $ 4.15
PEAK - $ $ - $ -
Winter (Nov-Apr)
PART-PEAK 0.08418 $ $ 0.09467 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.09861 OFF-PEAK 0.08349 $ $ 0.09398 $ 0.09790 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-FA Summer (Jun-Sep)
PEAK 0.21189 $ $ 0.22238 $ 0.23165 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK 0.13784 $ $ 0.14833 $ 0.15451 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
Winter (Oct-May)
PEAK 0.12805 $ $ 0.13854 $ 0.14431 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK 0.10266 $ $ 0.11315 $ 0.11786 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Agriculture
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
AG-FB Summer (Jun-Sep)
PEAK 0.23568 $ $ 0.24617 $ 0.25643 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK 0.15763 $ $ 0.16812 $ 0.17512 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
Winter (Oct-May)
PEAK 0.14605 $ $ 0.15654 $ 0.16306 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK 0.12066 $ $ 0.13115 $ 0.13661 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
AG-FC Summer (Jun-Sep)
PEAK 0.12380 $ $ 0.13429 $ 0.13989 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK 0.09499 $ $ 0.10548 $ 0.10988 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
MAX 21.60 $ $ 21.60 $ 22.50
Winter (Oct-May)
PEAK 0.10996 $ $ 0.12045 $ 0.12547 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK 0.08457 $ $ 0.09506 $ 0.09902 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
AG-VA Summer (May-Oct)
OFF-PEAK 0.10412 $ $ 0.11461 $ 0.11939 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER 2.97 $ $ 2.97 $ 3.09
Winter (Nov-Apr)
PART-PEAK 0.08950 $ $ 0.09999 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.10416 OFF-PEAK 0.08882 $ $ 0.09931 $ 0.10345 All other hours Monday through Friday All day Saturday, Sunday, holidays
PEAK 0.10412 $ $ 0.11461 $ 0.11939
Group I 12:00 noon to 4:00 p.m. Monday through Friday (except holidays) Group II 1:00 p.m. to 5:00 p.m. Monday through Friday (except holidays) Group III 2:00 p.m. to 6:00 p.m. Monday through Friday (except holidays) Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

SILICON VALLEY

Monday through Friday (except holidays)
OFF-PEAK 0.10730 $ $ 0.11526 $ 0.12006 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday, and holidays
Reservation (kW) 0.98 $ $ 0.98 $ 1.02
Winter (Nov-Apr)
PART-PEAK 0.16595 $ $ 0.17391 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.18116 OFF-PEAK 0.12545 $ $ 0.13341 $ 0.13897 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday and holidays
Reservation (kW) 0.98 $ $ 0.98 $ 1.02
STOUP Summer (May-Oct)
PEAK 0.19953 $ $ 0.20749 $ 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 0.21614 PART-PEAK 0.15959 $ $ 0.16755 $ 0.17453 8:30 a.m. to 12:00 noon AND 6:00 p.m. to 9:30 p.m.

SILICONVALLEY

Monday through Friday (except holidays)
OFF-PEAK 0.06353 $ $ 0.07149 $ 0.07447 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday, and holidays
Reservation (kW) 0.67 $ $ 0.67 $ 0.70
Winter (Nov-Apr)
PART-PEAK 0.10431 $ $ 0.11227 $ 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 0.11695 OFF-PEAK 0.07632 $ $ 0.08428 $ 0.08779 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday and holidays
Reservation (kW) 0.67 $ $ 0.67 $ 0.70
S-B-S Summer (Jun-Sep)
PEAK 0.13024 $ $ 0.13820 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.14396 PART-PEAK 0.11844 $ $ 0.12640 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.13167 OFF-PEAK 0.10532 $ $ 0.11328 $ All other hours 0.11800
Reservation (kW) 1.32 $ $ 1.32 $ 1.38
Winter (Oct-May)
PEAK 0.12552 $ $ 0.13348 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.13904 OFF-PEAK 0.10643 $ $ 0.11439 $ 0.11916 All other hours
SUPER OFF-PEAK 0.06405 $ $ 0.07201 $ 0.07501 9:00 a.m. to 2:00 p.m.; Every day in March, April and May including weekends and holidays Reservation (kW) 1.32 $ $ 1.32 $ 1.38
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Standby
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
S-B-P Summer (Jun-Sep)
PEAK 0.13024 $ $ 0.13820 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.14396 PART-PEAK 0.11844 $ $ 0.12640 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.13167 OFF-PEAK 0.10532 $ $ 0.11328 $ All other hours 0.11800
Reservation (kW) 1.32 $ $ 1.32 $ 1.38
Winter (Oct-May)
PEAK 0.12552 $ $ 0.13348 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.13904 OFF-PEAK 0.10643 $ $ 0.11439 $ 0.11916 All other hours
SUPER OFF-PEAK 0.06405 $ $ 0.07201 $ 0.07501 9:00 a.m. to 2:00 p.m.; Every day in March, April and May including weekends and holidays Reservation (kW) 1.32 $ $ 1.32 $ 1.38
S-B-T Summer (Jun-Sep)
PEAK 0.10849 $ $ 0.11645 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.12130 PART-PEAK 0.09700 $ $ 0.10496 $ 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays 0.10933 OFF-PEAK 0.08421 $ $ 0.09217 $ All other hours 0.09601
Reservation (kW) 0.62 $ $ 0.62 $ 0.65
Winter (Oct-May)
PEAK 0.10398 $ $ 0.11194 $ 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays 0.11660 OFF-PEAK 0.08540 $ $ 0.09336 $ 0.09725 All other hours
SUPER OFF-PEAK 0.04295 $ $ 0.05091 $ 0.05303 9:00 a.m. to 2:00 p.m.; Every day in March, April and May including weekends and holidays Reservation (kW) 0.62 $ $ 0.62 $ 0.65
Item 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY
Silicon Valley Clean Energy Lighting
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
LS-1, LS-2, $ 0.11259 $ 0.12204 $ 0.12712
LS-3, OL-1
TC-1 Year-round 0.11831 $ $ 0.12948 $ Rates applicable to all usage throughout the year 0.13487 GreenPrime 0.01700 + $ Same as applicable rate, with 0.017/kWh adder for 100% Renewable energy 1 SVCE Generation Rates, without added PG&E fees, effective 1/1/2025 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 1/1/2025 3 PG&E Generation service rate effective 1/1/2025
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 1c
Attachment 2
Non-residential Rates
©

SILICONVALLEY

CLEAN ENERGY

Page 1 of 2 ends

Staff Report – Item 1d
Item 1d: Approve 2025 Updates to Exhibit C, Annual Energy Use, and Exhibit D, Voting Shares, of the SVCE Joint Powers Agreement
From: Monica Padilla, CEO
Prepared by: Peyton Parks, Energy Services Manager
Kaley Dodson, Senior Energy Services Specialist
Michael Callahan, General Counsel
Date: 2/12/2025

RECOMMENDATION
Staff recommends the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) approve updates to Exhibits C and D in SVCE’s Joint Powers Agreement (JPA) to reflect the member agencies’ energy demand and voting rights.

BACKGROUND
As referenced in Section 4.9.2 Voting Shares Vote of SVCE’s JPA, immediately following an affirmative percentage vote by the Board of Directors, two Directors may request a vote of the voting shares be held. A voting shares vote requires that the sum of all corresponding voting shares of Directors voting in the affirmative exceed a 50 percent majority. Voting shares are determined by the formula outlined in Section

4.9.3 Voting Shares Formula.

The Annual Energy Use (Exhibit C) and Voting Shares (Exhibit D) for each of SVCE’s 13 jurisdictions should be adjusted in SVCE’s JPA annually.

ANALYSIS & DISCUSSION
The Voting Shares Formula outlined in Section 4.9.3 specifies that for the first two years following the Effective Date (March 31, 2016) voting shares are based on annual electricity usage within the Party’s respective jurisdiction. Electricity usage combines quantities of electricity served to customers by SVCE, and by PG&E. Direct Access load is not included in this calculation. For annual Voting Shares calculations after the first two years, Section 4.9.3 specifies that the calculation be based on electric load served by SVCE only.

All jurisdictions in SVCE territory received service for an entire calendar year in 2024. Each member’s 2025 voting share was calculated as a percentage of total 2024 load served by SVCE only.

STRATEGIC PLAN
N/A

ALTERNATIVE
No alternative, as the annual update is required as part of SVCE’s JPA.

FISCAL IMPACT
N/A
Item 1d
SILICON VALLEY \3/ CLEAN ENERGY
Agenda Item: 1d Agenda Date: 2/12/2025

Page 2 of 2 ends

ATTACHMENTS

1. Update to Exhibit C, Annual Energy Use

2. Update to Exhibit D, Voting Shares
Item 1d
Exhibit C

Page 1 ends

EXHIBIT C

ANNUAL ENERGY USE
This Exhibit C is effective as of February 12, 2025.

Party kWh (2024*)
Campbell 168,958,247
Cupertino 191,320,525
Gilroy 214,708,016
Los Altos 107,813,512
Los Altos Hills 38,188,503
Los Gatos 163,787,956
Milpitas 598,960,567
Monte Sereno 14,240,137
Morgan Hill 196,433,364
Mountain View 547,956,158
Santa Clara County
(Unincorporated)
335,250,353
Saratoga 101,438,852
Sunnyvale 1,085,441,191
Total 3,764,497,380
*Data provided by Calpine Energy Solutions
Item 1d
Attachment 1
Exhibit D

Page 1 ends

EXHIBIT D

VOTING SHARES
This Exhibit D is effective as of February 12, 2025.

Party kWh (2024*) Voting Share
Section 4.9.2
Campbell 168,958,247 4.5%
Cupertino 191,320,525 5.1%
Gilroy 214,708,016 5.7%
Los Altos 107,813,512 2.9%
Los Altos Hills 38,188,503 1.0%
Los Gatos 163,787,956 4.4%
Milpitas 598,960,567 15.9%
Monte Sereno 14,240,137 0.4%
Morgan Hill 196,433,364 5.2%
Mountain View 547,956,158 14.6%
Santa Clara County
(Unincorporated)
335,250,353 8.9%
Saratoga 101,438,852 2.7%
Sunnyvale 1,085,441,191 28.8%
Total 3,764,497,380 100.0%
*Data provided by Calpine Energy Solutions
**Data may not sum to 100% due to rounding
Item 1d
Attachment 2

Page 1 of 2 ends

Staff Report – Item 1e
Item 1e: Approve Increase to SVCE’s Payments to California Community Choice Association in the Amount of $200,000 for Special Assessments
From: Monica Padilla, CEO
Prepared by: Maren Wenzel, Director of Regulatory, Policy and Planning Date: 2/12/2025

RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) approve a $200,000 increase to the approved payments to California Community Choice Association (CalCCA) from $460,000 to $660,000, for the current CalCCA Fiscal Year (July 1, 2024-June 30, 2025). This additional budget would allow SVCE to participate in several “Special Assessments” to cover regulatory cases specific to CCAs in PG&E’s service territory. This increase is largely driven by an operational change in how such cases are paid for.

BACKGROUND
In its June 2024 meeting, the SVCE Board authorized payments of $460,000 to CalCCA to cover membership dues and charges for one Special Assessment related to a legal matter for CalCCA’s fiscal year. After this approval, CalCCA expanded its “Special Assessment” process to include a wider range of activities, including coverage of several regulatory proceedings previously administered separately as “Joint CCA” cases. This change was primarily intended to streamline coordination for legal and regulatory efforts done by groups of CCAs. A primary operational change stemming from this effort is that CCAs now make payments to CalCCA instead of directly to the consultants and law firms that provide the joint services.

ANALYSIS & DISCUSSION
Historically, SVCE has participated in several Joint CCA efforts alongside other PG&E Transmission Access Charge (TAC) area CCAs to ensure fair and reasonable outcomes for CCA customers. The primary proceedings these efforts have focused on are PG&E’s General Rate Case (GRC) and Energy Resource Recovery Account (ERRA) proceedings1. Centralizing these services creates an opportunity to significantly reduce the costs of the legal services by avoiding redundant parallel services offered to each CCA individually. By participating in these cases SVCE is able to monitor PG&E spending and advocate for the interests of our customers to ensure reasonable and fair costs are incurred.

In addition to the GRC and ERRA cases, there is potential for additional Special Assessments to be added prior to the close of the CalCCA fiscal year. In the near term, the most likely of these would be to cover PG&E’s Application for Billing Modernization, which will authorize PG&E to overhaul its existing billing system. SVCE has a vested interest in ensuring the new system is designed to provide long-term functionality, including for programs SVCE is helping develop such as Real Time Pricing and Tariff On-Bill financing, while also improving bill presentation and customer experience.
1 The GRC addresses the costs and allocations for PG&E’s operations and maintenance. The ERRA cases – both forecast and compliance – determine and track the Power Charge Indifference Adjustment (PCIA) costs.

Item 1e
SILICON VALLEY \3/ CLEAN ENERGY
Agenda Item: 1e Agenda Date: 2/12/2025

Page 2 of 2 ends

Staff believe that by reallocating funds from the existing regulatory legal budget and expanding budget overall to participate in CalCCA’s Joint Assessments SVCE will be best positioned to support these important regulatory efforts.

STRATEGIC PLAN
Given the nature of the Special Assessments, this additional budget will primarily support Strategic Focus Area 1: Expand Affordability Efforts. The overarching goal of participating in the expanded Special Assessments is to ensure SVCE’s customers receive fair and reasonable bills.

ALTERNATIVE
If SVCE does not receive budget to cover these Special Assessments, the organization would need to withdraw from CalCCA’s Special Assessments and would not be able to impact the outcome of the cases. While SVCE could participate independently, as noted above, there are substantial efficiencies from completing this work through a joint CCA effort given alignment in priorities for the cases.

The Board could also approve a lower amount of $150,000 to cover GRC and ERRA cases, which have historically been high priority for SVCE, and reject SVCE’s participation in any additional Special Assessments.

While the additional $50,000 for other Special Assessments would be incremental, staff believes participation in Special Assessment, such as Billing Modernization, will help ensure SVCE is able to meet its mission.

FISCAL IMPACT
The Board-approved FY 2024-25 Budget includes sufficient funds to cover the full $200,000. SVCE had initially budgeted coverage of the ERRA and GRC resources in its regulatory legal budget. Therefore, the majority of this budget is not incremental to prior approvals, but rather a reallocation of the budgeted regulatory spend.

Item 1e

Page 1 of 4 ends

Staff Report – Item 1f
Item 1f: Adopt Resolution No 2025-04 Updating SVCE’s Annual Net Surplus Compensation Cash-Out Terms Effective May 2025
From: Monica Padilla, CEO
Prepared by: Justin Zagunis, Director of Customer Success Peyton Parks, Energy Services Manager
Kaley Dodson, Senior Energy Services Specialist
Date: 2/12/2025

RECOMMENDATION
Staff requests that the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) adopt Resolution 2025- 04 (Attachment 1) updating the Annual Cash-Out terms in the Net Energy Metering (NEM) Rate Schedule NEM-SVCE (Attachment 2) modifying the amount of Net Surplus Compensation (NSC) paid at the end of a ‘NEM Year’ (May-April) for non-income qualified customers from the current rate of two times the Pacific Gas and Electric (PG&E) NSC to a rate equivalent to the PG&E NSC. This change would become effective in May 2025 such that it would first affect cash-outs paid in April 2026.

EXECUTIVE COMMITTEE RECOMMENDATION
A proposed update to the Annual Cash-Out terms was discussed at the January 27, 2025, meeting of the SVCE Executive Committee (Committee); the presentation is included as Attachment 3. Among the Committee, there was general agreement with the proposed update to reduce the Annual Cash-Out compensation, aligning SVCE with statewide efforts to match the value of exported solar energy with grid prices while not affecting the everyday net energy metering value provided by NEM 1, NEM 2, or NEM 3.

The Committee discussed an alternative for how SVCE could change its policy, exploring whether it was prudent to keep some differentiation between SVCE’s and PG&E’s policies. The Committee debated whether to value surplus generation at 1.25 times the PG&E NSC rate. Ultimately, the Committee determined that mirroring PG&E’s policy and rate would be palatable when coupled with marketing to point out the additional value that solar customers see in the form of SVCE’s rate discount, programs, and rebates. The Committee concluded that reducing payouts to SVCE’s non-income qualified solar customers was important from the standpoint of alignment with grid value for the excess energy produced. The Committee’s concerns were somewhat mitigated by the overall size of the change compared to the total value that solar customers are receiving from everyday net metering. Following discussion, the Committee voted unanimously to support the staff’s recommendation.

BACKGROUND
At the January 11, 2017, meeting of the SVCE Board, the Board approved a resolution establishing the Silicon Valley Clean Energy Net Energy Metering Rate Schedule NEM-SVCE, effective February 1, 2017. This rate is for customers who have installed solar, or solar and storage, on their property. Customers on the NEM-SVCE rate schedule are therefore referred to herein as “solar customers.” The NEM-SVCE rate schedule governs how much value solar customers receive for their exports to the grid of any excess energy they have generated on-site. Solar customers may be on NEM 1, NEM 2, or the Net Billing Item: 1f
Agenda Item: 1f Agenda Date: 2/12/2025

Page 2 of 4 ends

Tariff (sometimes called NEM 3). All solar customers on NEM 1 and NEM 2 already receive above-market benefits for energy whenever they export it as part of the daily net metering arrangement. The rates were established to help California push for more local renewables and incentivize customers interested in going green to be able to see financial payback while supporting clean energy. In 2023, the California Public Utilities Commission (CPUC) proposed the new NEM 3 rate to right-size the incentive by making the everyday export value equal to the value of energy at that moment. The recommendation today does not affect the rules governing NEM 1, NEM 2, or NEM 3 daily net metering.

In addition to the everyday value solar customers get from excess generation, the total energy exported and imported each year is tracked – at the end of the NEM Year, any solar customers that produced more than they consumed (‘net producers’) are further compensated based on the NSC rate. The NEM-SVCE rate schedule includes terms for this ‘Annual Cash-Out.’ Typically, about 25% of solar customers produce more solar energy than they consume annually and are therefore eligible for an Annual Cash-Out. This is the focus of the recommended change today.

Under the initial terms from 2017, SVCE paid out the Annual Cash-Out at full retail value, up to $5,000/year.

These terms were updated in August 2021, effective for the 2022-23 Annual Cash-Out. Under the updated terms, Annual Cash-Outs are applicable to solar customers who were net producers as of April, or solar customers who are net producers whenever they leave SVCE service during other months of the year (e.g. sell their home). SVCE now pays two times the PG&E NSC rate per kilowatt-hour (kWh). This departure from a retail rate compensation method was intended to control total compensation costs and bring SVCE’s policy more closely in alignment with the policies of the utility industry as a whole.

Since the implementation of the updated NEM-SVCE rate schedule in 2021, Annual Cash-Out payments have continued to grow due to increased solar adoption and higher NSC rates than anticipated – totaling nearly $2.35M in 2023 and $1.74M in 2024. These amounts are twice what would be paid out under PG&E’s wholesale-based Net Surplus Compensation policy without a multiplier. PG&E’s policy values annual excess solar production at a 12-month rolling average wholesale energy cost (generally 2.5 to 3.0 cents/kWh), better reflecting the actual value of the exported solar energy to SVCE and the grid.

History of SVCE NSC Cash-Out Totals for Solar Customers Year Rate # Customers Total Cash-Out ($)
2018 Retail 539 $160,000
2019 Retail 2,219 $615,000
2020 Retail 2,736 $790,000
2021 Retail 2,590 $900,000
2022 Retail 3,605 $1,100,000
2023 2x NSC 5,035 $2,255,000
2024 2x NSC 9,927 $1,745,000

ANALYSIS & DISCUSSION
As noted above, PG&E’s policy values excess solar production at the wholesale energy costs seen in a 12- month rolling average (generally 2.5 to 3.0 cents/kWh). SVCE’s current practice of paying twice that rate for surplus solar results in a higher level of compensation than what this excess solar generation is actually worth to SVCE (i.e. compared to what it would cost to buy that energy from a utility-scale solar project). Thus, SVCE’s current policy provides an additional incentive to this 25% of solar customers.

In 2023, SVCE adopted the new NEM 3 for valuing solar exports as ordered by the CPUC. This was a major statewide effort to align the solar incentives with grid energy value for new solar projects. At that time, SVCE did not change the Annual Cash-Out rate, as there was interest in understanding the impact of NEM 3 on the Item: 1f
Agenda Item: 1f Agenda Date: 2/12/2025

Page 3 of 4 ends

health of the solar industry before making additional adjustments. However, the proposed change to the NSC compensation is consistent with the statewide push to make sure excess solar generation is rewarded but only equal to its value.

Other CCAs have NSC rates similar to what staff is proposing. Ava Community Energy also pays out at the PG&E NSC rate for surplus generation. Marin Clean Energy pays out at the NSC rate plus $0.02/kWh and Sonoma Clean Power pays out at the NSC rate plus $0.01/kWh, both up to $5,000.

The recommended changes to the SVCE policy will value surplus generation equivalent to the PG&E NSC rate for non-income-qualified customers. This change will be applied after the end date of solar customers’ March 2025-April 2025 billing cycle, meaning the current cash-out policy of 2x PG&E NSC will apply through the April 2025 cash-out period before being replaced by the new cash-out terms. The change would become effective in May 2025 for existing customers that depart SVCE service and would be used for all net-producing solar customers during the April 2026 Annual Cash-Out process. These policy changes are reflected in section f of Attachment 2, Electric Schedule NEM-SVCE 2025.

To date, SVCE has not experienced a significant number of opt-outs that can be directly related to the previous change in the cash-out policy. This is largely because solar customers realize the overwhelming majority of solar incentives by way of significant reductions in their overall monthly electric bill for both generation and transmission and delivery. It is unlikely that the Annual Cash-Out was a major part of any non-income qualified customer’s decision to install solar.

This proposed policy update would result in an average compensation decrease of roughly $80 annually for the affected 25% of solar customers, representing a fractional change in overall savings within this small population of all SVCE customers. However, many of SVCE’s most engaged customers, including many of those participating in various electrification programs, are solar customers – so it is likely that at least some customers will note this change and may be displeased to see their compensation reduced. Ultimately, staff believes this change is a reasonable balance of providing these customers with appropriate value.

No changes are being proposed to the cash-out terms for solar customers considered income-qualified, participating in CARE and/or FERA programs. This is because it is a priority for the SVCE Board to quickly transition to clean energy resources, and supporting customer-sited resources is an effective tool to expand clean energy and reduce SVCE procurement obligations for all customers. Since low-income customers have less disposable income, the cash out must cover a higher cost to incentivize those projects to be built. These customers represent only 4% of SVCE’s total solar population.

STRATEGIC PLAN
Aligning NSC cash-out rate to grid values is supportive of Goal 4, “Acquire power supply resources in a cost-effective manner to meet legislative and regulatory obligations, Board directives and customer specific products.”

ALTERNATIVE
Staff has considered the following alternatives to this proposal:

Proposed 1.25x Net Surplus Compensation rate: Several Executive Committee members proposed that staff consider amending the current proposal from 1x PG&E to 1.25x PG&E NSC to retain a competitive advantage over PG&E within this customer segment. Staff believe that maintaining the multiplier above a 1-to-1 match with PG&E’s NSC rate is counter to the statewide momentum towards ensuring the payments solar customers receive is more closely aligned with the value of those exports to the grid. Staff analysis has shown that the additional .25x would only increase the average solar customer’s Annual Cash-Out by $23 annually compared to staff’s recommendation. This is negligible in comparison to the overall value of solar due to the reduction in their energy burden from utilizing everyday net energy metering to reduce overall energy bills.

Item: 1f
Agenda Item: 1f Agenda Date: 2/12/2025

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Maintain 2x Net Surplus Compensation rate: Staff does not recommend maintaining the business-as-usual case of 2x PG&E NSC for non-income qualified customers for the reasons that 1) it does not follow the state’s lead in aligning surplus solar compensation to its actual value on the grid, as part of the effort to manage the ‘duck curve’ and 2) it is costly for SVCE compared to the value of the energy it receives.

FISCAL IMPACT
Modifying the Annual Cash-Out terms of the Rate Schedule NEM-SVCE to provide 1x the PG&E NSC rate as described is estimated to reduce SVCE expenditures for excess solar production by an estimated $778,000/year. The exact fiscal impact will vary, year by year, based on the total number of annual excess kWh generated by SVCE customers as well as the PG&E NSC rate.

ATTACHMENT

1. Resolution 2025-04, Updates to the Annual NEM Surplus Cash-Out Policy

2. Rate Schedule NEM-SVCE 2025 – Redlined

3. Rate Schedule NEM-SVCE 2025 - Clean

4. January 27, 2025, Staff Presentation to SVCE Executive Committee: ‘NEM – Net Surplus Compensation (NSC) Payment’
Item: 1f
1 RESOLUTION 2025-04

SILICON VALLEY CLEAN ENERGY AUTHORITY
RESOLUTION NO. 2025-04

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SILICON

VALLEY CLEAN ENERGY AUTHORITY UPDATING THE ANNUAL

NEM SURPLUS CASHOUT POLICY
WHEREAS, the Silicon Valley Clean Energy Authority (“Authority”) was formed on March 31, 2016 pursuant to a Joint Powers Agreement to study, promote, develop, conduct, operate, and manage energy programs in Santa Clara County; and WHEREAS, at the January 11, 2017 Board of Directors Meeting, the Board adopted Electric Schedule NEM-SVCE, establishing SVCE’s net energy metering policy and associated retail rates of surplus compensation; and WHEREAS, at the August 11, 2021 Board of Directors Meeting, the Board adopted amendments to Electric Schedule NEM-SVCE, establishing a policy of NEM surplus compensation at twice the applicable PG&E Net Surplus Compensation Rate in an effort to control costs; and
WHEREAS, since 2021, annual SVCE payouts have continued to increase under the amended SVCE Annual Cash-Out terms of Electric Schedule NEM-SVCE, and now significantly exceed payouts under PG&E’s comparable annual net surplus compensation policy; and
WHEREAS, customers receiving annual payments are predominantly from higher-income areas, with a majority of customers receiving payments from the top two socioeconomic census quartiles; and
WHEREAS, SVCE seeks to align SVCE NEM surplus compensation payment rates with the grid value of energy, reduce annual expenses on NEM surplus cash-outs, and continue to fairly compensate customers for NEM surplus energy.

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

Section 1. Update SVCE’s Annual Cash-Out terms for NEM and NBT customers as described in Attachment 1, Electric Schedule NEM-SVCE 2025, to pay NEM and NBT customers annual compensation for surplus kilowatt hours equivalent to PG&E’s wholesale net surplus compensation rate, up to a Item 1f
Attachment 1
2 RESOLUTION 2025-04
maximum of $5,000 in a year.

Section 2. The updated Cash-Out terms described in NEM-SVCE-2025 will become effective as of the end-date of a customer’s March-April 2025 billing cycle, so that the original terms of the annual NEM and NBT cash-out policy will apply through conclusion of the April 2025 annual cash-out cycle, and the new terms will be in effect thereafter.

PASSED AND ADOPTED this 12th day of February 2025, by the following vote:

JURISDICTION NAME AYE NO ABSTAIN ABSENT
City of Campbell Director Scozzola
City of Cupertino Director Fruen
City of Gilroy Director Hilton
City of Los Altos Director Meadows
Town of Los Altos Hills Director Tyson
Town of Los Gatos Director Rennie
City of Milpitas Director Barbadillo
City of Monte Sereno Director Mekechuk
City of Morgan Hill Director Martinez Beltran
City of Mountain View Director Showalter
County of Santa Clara Director Lee
City of Saratoga Director Walia
City of Sunnyvale Director Klein

Chair
ATTEST:

Andrea Pizano, Board Secretary

ATTACHMENT
Electric Schedule NEM-SVCE
Item 1f
Attachment 1
1 ELECTRIC SCHEDULE NEM-SVCE

NET ENERGY METERING
Updated February 12, 2025
APPLICABILITY:

This Net Energy Metering Schedule (NEM-SVCE) is applicable to enrolled Silicon Valley Clean Energy (SVCE) customers who use an eligible Renewable Electrical Generation Facility (REGF), as defined in the applicable PG&E Electric Schedule NEM, or its Successor Tariff NEM2, or Net Billing Tariff (NBT) that is located on the customer’s owned, leased, or rented premises, is interconnected and operates in parallel with PG&E’s transmission and distribution systems, and is intended primarily to offset part or all of the customer’s own electrical requirements (hereinafter “eligible customer- generator” or “customer”).

This NEM-SVCE rate schedule is available to customers that satisfy all necessary application, interconnection and inspection requirements as described in the applicable PG&E Electric Schedule NEM, or NEM2, or NBT, and that take service under an associated PG&E NEM or NBT tariff schedule. This NEM-SVCE schedule also applies to customers served under NEMV (Virtual Net Energy Metering), NEMVMASH (Virtual Net Energy Metering for Multifamily Affordable Housing), NEMA (NEM Aggregation) and Multiple Tariff facilities as described by PG&E Electric Schedules NEM, and NEM2, and NBT. For more information on PG&E’s NEM and NBT tariffs, visit https://bit.ly/understanding-pge-net-metering
PG&E NEM and NBT Tariff Terms and Conditions apply. SVCE NEM and NBT customers are also subject to the terms, conditions, and billing procedures of PG&E for services other than electric generation.

TERRITORY: The entire Silicon Valley Clean Energy (SVCE) service area.

RATES: All rates charged under this NEM-SVCE schedule will be in accordance with the eligible customer-generator’s otherwise-applicable SVCE rate schedule (OAS). An eligible customer-generator served under this schedule is responsible for all charges from its OAS including monthly minimum charges, customer charges, meter charges, facilities charges, demand charges and surcharges, and all other charges owed to SVCE or PG&E – any applicable PG&E charges will be addressed in a corresponding PG&E tariff. Charges for energy (kWh) supplied by SVCE, will be based on the net metered usage in accordance with this NEM-SVCE schedule.

BILLING: Customers with NEM or NBT service will be billed by SVCE as follows:
a) For a customer with Non-Time of Use (TOU) Rates:

Item 1f
Attachment 2
Electric Schedule NEM-SVCE - Redline
2 The cost/(credit) associated with any net usage/(production) during the customer’s normal billing cycle shall be determined as follows:

If the eligible customer-generator is a “Net Consumer,” as determined by usage exceeding production during a discrete billing cycle, the eligible customer-generator will be billed in accordance with the eligible customer-generator’s OAS.

If the eligible customer-generator is a “Net Generator,” as determined by production exceeding usage during a discrete billing cycle, the net energy production shall be valued in accordance with the eligible customer-generator’s OAS. The value of all net energy production during the billing cycle shall be credited to SVCE customers as described in Section (c).

If the eligible customer-generator has upgraded to GreenPrime, SVCE’s premium 100% renewable electric generation service, net energy consumption will be billed at the applicable GreenPrime rate, and net energy production will be valued at the applicable GreenPrime rate. b) For a customer with TOU Rates:

If the eligible customer-generator is a Net Consumer (as defined above) during any discrete TOU period, the net kWh consumed during such period shall be billed in accordance with the eligible customer-generator’s OAS.

If the eligible customer-generator is a Net Generator (as defined above) during any discrete TOU period, net energy production during each TOU period shall be valued in consideration of the eligible customer-generator’s OAS, applying OAS rates to the quantity of energy produced within each TOU period. The value of all net energy production during the billing cycle shall be credited to SVCE customers as described in Section (c).

NEM and NBT customers will receive a statement in their monthly PG&E bills indicating any accrued charges for their usage during the billing cycle. Customers who have accrued net production credit during previous billing cycles will see this credit applied against current generation charges. Any remaining balance will be due and must be paid in consideration of the due date and remittance advice reflected on each PG&E bill.

When a customer’s net energy production results in a net bill credit during any billing cycle, the value of any net energy production during the billing cycle shall be noted on the customer’s bill and carried over as a bill credit for use in subsequent billing period(s).

Item 1f
Attachment 2
Electric Schedule NEM-SVCE - Redline
3 d) SVCE Annual Cash-Out – effective through customer’s March-April 2022 billing cycle end date.

Each April, all current SVCE NEM customers with a production credit balance greater than $0 will be compensated for the full value of the accrued credit balance, up to a maximum of $5,000. The production credit balance will be determined as of the final date of the customer’s March-April billing cycle. Credit balances in excess of $5,000 are forfeited.

For NEM production credit balances of $100 or greater, this payment will be made by check issued from SVCE to the customer. For NEM credit balances of less than $100, the amount will be applied as a credit on the customer’s electricity bill. Customers receiving payment under the SVCE Cash-Out process will have their production credit balance reset to zero as of the start of their April-May billing cycle.

Customers who close their electric account through PG&E or move outside of the SVCE service area prior to the April billing cycle of each year are also eligible for the SVCE Annual Cash-Out process. Payments will be made by check issued from SVCE to the customer. e) SVCE Annual Cash-Out – effective after end-date of customer’s March-April 2022 billing cycle) and through customer’s March-April 2025 billing cycle During April of each year, current SVCE NEM and NBT customers with a positive production credit balance (e.g. greater than $0) will be compensated for net surplus kWh produced over the course of the preceding twelve months at two times the applicable annual net surplus compensation rate (NSC Rate), and SVCE NEM and NBT customers enrolled in the income-qualified CARE or FERA programs will be compensated at two and one half times the applicable annual NSC Rate. The production credit balance will be determined as of the final date of the customer’s March-April billing cycle. For all SVCE NEM and NBT customers, annual net surplus compensation is capped at $5,000, and any amount in excess of $5,000 is forfeited.

The applicable annual NSC Rate is defined as the simple rolling average of PG&E’s default load aggregation point (DLAP) price from 7a.m. to 5 p.m., for a 12-month period, beginning in April of the preceding year through March of the current year. The annual NSC Rate is typically in the range of 2.5 to 3 cents/kWh and will vary year to year based on energy market prices. SVCE shall use this annual NSC Rate as the basis for calculating applicable annual Cash-Out net surplus compensation payments, and any other applicable NSC payments, such as for account close-outs prior to the next annual Cash-Out in April.

Item 1f
Attachment 2
Electric Schedule NEM-SVCE - Redline
4 For annual net surplus compensation amounts greater of $100 or more, payment will be made by check issued from SVCE to the customer. For annual net surplus compensation amounts of less than $100, compensation will be applied as a credit to the customer’s bill. For all customers receiving annual net surplus compensation, their solarNEM production retail credit balance will be re-set to zero as of the beginning of their April-May billing cycle.

Customers who close their electric account through PG&E or move outside of the SVCE service area prior to the March-April billing cycle of each year are eligible for net surplus compensation under the annual SVCE Annual Cash-Out process. For any SVCE NEM or NBT customer that moves service or otherwise closes their account, net surplus compensation is capped at $5,000 and any amount in excess of $5,000 is forfeited. Net surplus compensation, if any, will be paid by check issued from SVCE to the customer.
f) SVCE Annual Cash-Out – effective after end date of customer’s March-April 2025 billing cycle Each During April of each year, current SVCE NEM and NBT customers with a positive production credit balance (e.g. greater than $0) will be compensated for net surplus kWh produced over the course of the preceding twelve months at the applicable annual net surplus compensation rate (NSC Rate), and SVCE NEM and NBT customers enrolled in the income-qualified CARE or FERA programs will be compensated at two and one- half times the applicable annual NSC Rate. The production credit balance will be determined as of the final date of the customer’s March-April billing cycle. For all SVCE NEM and NBT customers, annual net surplus compensation is capped at $5,000, and any amount in excess of $5,000 is forfeited.

The applicable annual NSC Rate is defined as the simple rolling average of PG&E’s default load aggregation point (DLAP) price from 7 a.m. to 5 p.m., for a 12-month period, beginning in April of the preceding year through March of the current year. The annual NSC Rate is typically in the range of 2.5 to 3 cents/kWh and will vary year- to- year based on energy market prices. SVCE shall use this annual NSC Rate as the basis for calculating applicable annual Cash-Out net surplus compensation payments, and any other applicable NSC payments, such as for account close-outs prior to the next annual Cash-Out in April.

For non-CARE/FERA NEM and NBT customers, net surplus compensation is calculated by multiplying any net surplus electricity (kWh) by the annual NSC Rate, and for CARE/FERA NEM and NBT customers, by multiplying any net surplus electricity (kWh) by the annual NSC Rate x

2.5. NBT customers are subject to additional conditions for compensation as described by the PG&E Electric Schedule NBT.

For annual net surplus compensation amounts of $100 or more, payment will be made by check issued from SVCE to the customer. For annual net surplus compensation amounts of less than $100, compensation will be applied as a credit to the customer’s bill. For all customers receiving annual net surplus compensation, their production credit balance will be re-set to zero as of the beginning of their April-May billing cycle.

Item 1f
Attachment 2
Electric Schedule NEM-SVCE - Redline
5 Customers who close their electric account through PG&E or move outside of the SVCE service area prior to the March-April billing cycle of each year are eligible for net surplus compensation under the annual SVCE Annual Cash-Out process. For any SVCE NEM or NBT customer that moves service or otherwise closes their account, net surplus compensation is capped at $5,000 and any amount in excess of $5,000 is forfeited. Net surplus compensation, if any, will be paid by check issued from SVCE to the customer.
gf) Return to PG&E Bundled Service:

SVCE customers with NEM or NBT service may opt out and return to PG&E bundled service at any time. Customers should be advised that PG&E will perform a true-up of their account at the time such customers return to PG&E bundled service. As described in PG&E Electric Rule 23, certain SVCE customers returning to PG&E service may receive Transitional Bundled Service (TBS) for a limited period of time; TBS will expose such customers to various market price risks – please review PG&E’s applicable electric rules and tariffs for additional information.

If a SVCE NEM or NBT customer opts-out of the SVCE program and returns to bundled service, that customer may request the direct payment option, described above in Section (d), for any generation credits that remain on the account, provided that such request is received by SVCE within 90 calendar days of the customer’s return to PG&E service. hg) PG&E NEM and NBT Services:

SVCE NEM and NBT customers are subject to PG&E’s terms, conditions and billing procedures for any non-generation services, as described in PG&E’s Electric Schedule NEM or NBT and related PG&E tariff options addressing NEM or NBT service. Customers should be advised that while SVCE reconciles payment/credit balances for generation on a monthly basis, PG&E will continue to assess charges for delivery, transmission and other services. Most NEM and NBT customers will receive an annual true-up from PG&E for these non-generation services.

Customers are encouraged to review PG&E’s most up-to-date NEM and NBT tariffs, which are available on PG&E’s website: https://bit.ly/understanding-pge-net-metering Item 1f
Attachment 2
Electric Schedule NEM-SVCE - Redline
1 ELECTRIC SCHEDULE NEM-SVCE

NET ENERGY METERING
Updated February 12, 2025
APPLICABILITY:

This Net Energy Metering Schedule (NEM-SVCE) is applicable to enrolled Silicon Valley Clean Energy (SVCE) customers who use an eligible Renewable Electrical Generation Facility (REGF), as defined in the applicable PG&E Electric Schedule NEM, NEM2, or Net Billing Tariff (NBT) that is located on the customer’s owned, leased, or rented premises, is interconnected and operates in parallel with PG&E’s transmission and distribution systems, and is intended primarily to offset part or all of the customer’s own electrical requirements (hereinafter “eligible customer-generator” or “customer”).

This NEM-SVCE rate schedule is available to customers that satisfy all necessary application, interconnection and inspection requirements as described in the applicable PG&E Electric Schedule NEM, NEM2, or NBT, and that take service under an associated PG&E NEM or NBT tariff schedule. This NEM-SVCE schedule also applies to customers served under NEMV (Virtual Net Energy Metering), NEMVMASH (Virtual Net Energy Metering for Multifamily Affordable Housing), NEMA (NEM Aggregation) and Multiple Tariff facilities as described by PG&E Electric Schedules NEM, NEM2, and NBT. For more information on PG&E’s NEM and NBT tariffs, visit https://bit.ly/understanding-pge-net-metering
PG&E NEM and NBT Tariff Terms and Conditions apply. SVCE NEM and NBT customers are also subject to the terms, conditions, and billing procedures of PG&E for services other than electric generation.

TERRITORY: The entire Silicon Valley Clean Energy (SVCE) service area.

BILLING: Customers with NEM or NBT service will be billed by SVCE as follows:
a) For a customer with Non-Time of Use (TOU) Rates:

Item: 1f
Attachment 3
2 The cost/(credit) associated with any net usage/(production) during the customer’s normal billing cycle shall be determined as follows:

Item: 1f
Attachment 3
3 d) SVCE Annual Cash-Out – effective through customer’s March-April 2022 billing cycle end date.

Customers who close their electric account through PG&E or move outside of the SVCE service area prior to the April billing cycle of each year are also eligible for the SVCE Annual Cash-Out process. Payments will be made by check issued from SVCE to the customer. e) SVCE Annual Cash-Out – effective after end-date of customer’s March-April 2022 billing cycle and through customer’s March-April 2025 billing cycle
During April of each year, current SVCE NEM and NBT customers with a positive production credit balance (e.g. greater than $0) will be compensated for net surplus kWh produced over the course of the preceding twelve months at two times the applicable annual net surplus compensation rate (NSC Rate), and SVCE NEM and NBT customers enrolled in the income-qualified CARE or FERA programs will be compensated at two and one half times the applicable annual NSC Rate. The production credit balance will be determined as of the final date of the customer’s March-April billing cycle. For all SVCE NEM and NBT customers, annual net surplus compensation is capped at $5,000, and any amount in excess of $5,000 is forfeited.

For non-CARE/FERA NEM and NBT customers, net surplus compensation is calculated by multiplying any net surplus electricity (kWh) by the annual NSC Rate x 2, and for CARE/FERA NEM and NBT customers, by multiplying any net surplus electricity (kWh) by the annual NSC Rate x 2.5. NBT customers are subject to additional conditions for compensation as described by the PG&E Electric Schedule NBT. For annual net surplus compensation amounts of $100 or Item: 1f
Attachment 3
4 more, payment will be made by check issued from SVCE to the customer. For annual net surplus compensation amounts of less than $100, compensation will be applied as a credit to the customer’s bill. For all customers receiving annual net surplus compensation, their solar production retail credit balance will be re-set to zero as of the beginning of their April-May billing cycle.

Customers who close their electric account through PG&E or move outside of the SVCE service area prior to the March-April billing cycle of each year are eligible for net surplus compensation under the annual SVCE Annual Cash-Out process. For any SVCE NEM or NBT customer that moves service or otherwise closes their account, net surplus compensation is capped at $5,000 and any amount in excess of $5,000 is forfeited. Net surplus compensation, if any, will be paid by check issued from SVCE to the customer. f) SVCE Annual Cash-Out – effective after end date of customer’s March-April 2025 billing cycle
During April of each year, current SVCE NEM and NBT customers with a positive production credit balance (e.g. greater than $0) will be compensated for net surplus kWh produced over the course of the preceding twelve months at the applicable annual net surplus compensation rate (NSC Rate), and SVCE NEM and NBT customers enrolled in the income-qualified CARE or FERA programs will be compensated at two and one-half times the applicable annual NSC Rate.

The production credit balance will be determined as of the final date of the customer’s March-April billing cycle. For all SVCE NEM and NBT customers, annual net surplus compensation is capped at $5,000, and any amount in excess of $5,000 is forfeited.

The applicable annual NSC Rate is defined as the simple rolling average of PG&E’s default load aggregation point (DLAP) price from 7 a.m. to 5 p.m., for a 12-month period, beginning in April of the preceding year through March of the current year. The annual NSC Rate is typically in the range of 2.5 to 3 cents/kWh and will vary year-to-year based on energy market prices. SVCE shall use this annual NSC Rate as the basis for calculating applicable annual Cash-Out net surplus compensation payments, and any other applicable NSC payments, such as for account close-outs prior to the next annual Cash-Out in April.

2.5. NBT customers are subject to additional conditions for compensation as described by the PG&E Electric Schedule NBT.

Item: 1f
Attachment 3
5 Customers who close their electric account through PG&E or move outside of the SVCE service area prior to the March-April billing cycle of each year are eligible for net surplus compensation under the annual SVCE Annual Cash-Out process. For any SVCE NEM or NBT customer that moves service or otherwise closes their account, net surplus compensation is capped at $5,000 and any amount in excess of $5,000 is forfeited. Net surplus compensation, if any, will be paid by check issued from SVCE to the customer.
g) Return to PG&E Bundled Service:

Customers are encouraged to review PG&E’s most up-to-date NEM and NBT tariffs, which are available on PG&E’s website: https://bit.ly/understanding-pge-net-metering Item: 1f
Attachment 3
1 • Subtitle
New SV Clean Energy
PowerPoint Template
NEM - Net Surplus
Compensation (NSC)
Payment
Executive Meeting
January 27, 2025
Item 4
Attachment 4
2 Proposal
Establish new Net Surplus Compensation (NSC) cash-out terms for Standard Solar Net Energy Metering (NEM) and Net Billing Tariff (NBT, NEM 3) customers effective May 2025. New NSC will be equal to PG&E's current NSC rate.

Standard
Solar 1x
Current Multiplier
from PG&E NSC
2x
Proposed Multiplier
from PG&E NSC
Alignment
with PG&E
Item 4
Attachment 4
3 Important: NSC is not NEM
• Today’s proposal does not affect how energy is metered for the customer
• The NSC is a separate accounting mechanism from NEM 1, NEM 2 and NEM 3
Item 4
Attachment 4
4 25% of Solar Customers Use NSC
Customers produce and
consume solar energy
throughout the year, under
their NEM agreement.

Additionally, customers that
produce more than they
consume annually get paid
at the end of the year.

Payment is based on
excess kWh produced
and the PG&E NSC
and SVCE Multiplier.

Every April, SVCE
distributes as a check in
the mail or bill credits.

Item 4
Attachment 4
5 Statewide Efforts to Align Solar Incentives with Grid Energy Value
• Duck curve shows how midday
generation value is decreasing
• In 2023, CPUC ordered changes to
NEM rates and proposed new Net
Billing Tarriff (NBT) aka "NEM 3"
to set value of energy to be based on
an avoided cost calculator along with
a new NSC rate
• SVCE adopted new NEM 3 rates in
2023, but did not change the 2x NSC
cash-out formula
Item 4
Attachment 4
California's duck curve is getting deeper
CAISO lowest net load day each spring (March-May, 2015-2023), gigawatts eia 25 12AM 2AM 4AM 6AM 8AM 10AM 12PM 2PM 4PM 6PM 8PM 10PM
Data source: California Independent System Operator c? (CAISO) 6 SVCE’s Cash-Out Terms Have Evolved
Over Time
Value of
SVCE Cash-Out
2018 -
2022
2023 -
2025
2026
Value of
PG&E Cash-Out
Double PG&E
NSC rate
PG&E NSC rate
Full retail rate PG&E NSC rate
PG&E NSC rate
PG&E NSC rate
>>>>
>>
=
Proposed
Change
NSC: Net Surplus Compensation
Item 4
Attachment 4
7 New NSC Rate for Annual Cash-Out is Consistent
with SVCE Goals
• SVCE pays higher than PG&E incentive for surplus annual solar power (2x NSC)
• 25% of solar customers (~10,000 total) receive these annual cash-outs
• In 2024, cash-out expense was over $1.7M
• NEM 1 and 2 customers already see large incentives above the value of the excess energy they produce each day
• Most solar customers are higher income
• Better align SVCE payments with grid value
Situation
Goal
Context
Item 4
Attachment 4
8 NSC Change will Impact this ~25% of NEM Customers,
But They will Continue to Receive Value
Illustration of NSC Cash-Out: Customers and Amounts
Customer Type
2024
Number of
Customers
2024
Average
Cash-Out
Average Cash-Out
Under New Policy*
Standard 9,604 $175 $95
* For illustration only. Update to NSC formula occurs May 2025. First impacted cash-out window would not occur until April 2026.

Item 4
Attachment 4

SILICON VALLEY

CLEAN ENERGY
9 Alternative
Executive Committee members expressed interest in exploring a

1.25x multiplier for the NSC cash-out rate
• Competitive advantage to PG&E
• Some customers may be counting on the higher rate
• Disincentive to save energy at 1x multiplier
Staff analysis shows that the impact is likely negligible • Difference of $23 annually between 1x and 1.25x
• NEM economics drive much larger share of value of solar • Only affects 25% of solar customers
• Customers still get other SVCE benefits (rate discount, programs) Item 4
Attachment 4
10 Request
Recommend the Board support the recommendation of staff and the Executive Committee as follows:

Adopt new Net Surplus Compensation (NSC) terms set forth in 'NEM-SVCE 2025' for Standard Solar Net Energy Metering (NEM) and NBT rates to equal Pacific Gas and Electric's (PG&E) multiplier effective May 2025.

Item 4
Attachment 4
11 Appendix
Item 4
Attachment 4
12 Historical Cash-Outs
Year Rate # Customers Total Cash-Out ($)
2018 Retail 539 $160,000
2019 Retail 2,219 $615,000
2020 Retail 2,736 $790,000
2021 Retail 2,590 $900,000
2022 Retail 3,605 $1,100,000
2023 2x NSC 5,035 $2,255,000
2024 2x NSC 9,927 $1,745,000
Item 4
Attachment 4

Page 1 of 1 ends

Staff Report – Item 1g
Item 1g: Receive December 2024 Decarbonization Strategy and Programs Quarterly Report From: Monica Padilla, CEO
Prepared by: Justin Zagunis, Director of Customer Success Douglas Bernard, Decarbonization Management Analyst
Date: 2/12/2025

RECOMMENDATION
Staff recommends the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) accept the current update of the Decarbonization Strategy and Programs quarterly report, reflecting project statuses as of the end of December 2024.

BACKGROUND
To achieve its mission to reduce dependence on fossil fuels by providing carbon-free, affordable and reliable electricity and innovative programs for the community, SVCE established a decarbonization strategy and programs roadmap (“Roadmap”), which can be found on SVCE’s website: SVCE Decarbonization Strategy and Programs Roadmap. In December 2018, the Board approved the Roadmap, and since that time, staff have been working on implementation of this Roadmap - as well as subsequent joint action plans and other additions to the programs portfolio as approved by the Board. The quarterly report included here presents a summary of all approved program activity to date.

ANALYSIS & DISCUSSION
Attachment 1 is an update of the Decarbonization Strategy and Programs quarterly report. The quarterly update includes a table with a summary of updates from last quarter and the target for next quarter.

STRATEGIC PLAN
This item supports SVCE’s 2024-2025 Strategic Plan Goals 7 and 8, to “support all SVCE communities to decarbonize through local investments that reduce barriers and demonstrate sensible, scalable, and equitable solutions” and to “engage customers and community stakeholders to build trust of SVCE and advance decarbonization.”

ALTERNATIVE
N/A

FISCAL IMPACT
Accepting the December 2024 Update of the Decarbonization Strategy and Programs quarterly report has no fiscal impact.

ATTACHMENT

1. Decarbonization Strategy & Programs Quarterly Report – December 2024 Update Item 1g
SILICON VALLEY \3/ CLEAN ENERGY
288
contractors
complete
Contractor
Training

DECARBONIZATION PROGRAMS
& MARKETING HIGHLIGHTS
December 2024 Milestones
Quarterly Report
511
L1/L2 ports
installed through
EV Charging
programs
1,700
completed
electrification
projects through
Home Rebates
Item 1g
Attachment 1
f(f\ SILICON VALLEY <3/ CLEAN ENERGY
Name Budget Potential Impact
Cumulative Impact To-Date
Last Quarter (Update) Next Quarter (Target)
Multifamily
Retrofits (TE and
BE)
$12.5M
300 to 1,000 MF AH
units electrified
2 multifamily sites enrolled
Completed 2 site
assessments. Issued RFP for
General Contractor.

Reissue Contractor RFP to
select contractor with
better pricing. Start
construction at 2 sites.

EV Charging
Incentives
$11.4M
80 MUDs with EVI
(720 ports)
4,000 L1/L2
chargers at
affordable housing
21 MUD active
reservations (166 ports)
16 sites completed
(166 L1/L2)
Processed 3 new MUD claims
for 17 additional EV ports.

Raised per site maximum to
$100k (from $50k).

Continue to expand
enrollment and ways to
help connect customers to
vendors.

Full-Service
Home Upgrades
$11.4M
600 single-family
homes electrified
Soft launched program in
November 2024
Soft launched program in
November 2024.

Complete installations for
10 projects.

Home Rebates $10.05M
2,800 homes
fully/partially
electrified
1,700 homes fully/partially
electrified
Cumulative results: 654
HPWH, 1073 HVAC, 70
Induction, 532 prewiring.

Applications launched in
Salesforce.

Hit 2,000 claims. Update
requirements for
appliances. Launch rebate
adders for Milpitas and
Mountain View.

Electrification
Rate Discount
$9.5M
5,000 customers
enrolled
4,200 enrolled
Significant enrollment
growth. NEM analysis
completed. Synthesized
learnings to-date.

Finalize proposals for E-ELEC design revision.

Create timeline for board
presentation.

Member Agency
Grants
$6.5M
13- 18 new member
agency projects
focused on
community
engagement and
capital decarb project
Received 1 noncompetitive
grant application
Launched the
noncompetitive and
competitive grants.

Hold pre-application
webinar for competitive
grant solicitation.

Community
Energy
Resilience
$5.15M
13 agencies complete
projects
5 completed agency
projects
Cupertino received two off-grid EV chargers and trailer to rotate chargers to
different community
locations.

Monitor and reimburse
agencies as projects are
completed.

C&I
Decarbonization
Program
$5M
8,000 metric tons of
CO2e removed
through carbon saving
measures
5 customers enrolled in the
program, 7 “warm” leads
reviewing Agreement
3 onsite energy audits
completed, reports in
development.

Continue on-site energy
audits. First cohort-wide
workshop scheduled for
March 14.

Decarbonization
Demonstration
Grants
$3.2M
8 local public facing
electric projects
1 project complete
Worked with several
agencies to execute grant
extensions to accommodate
project delays.

Support grantee
community engagement
efforts and grant
extensions.

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

Quarterly Report
View our active rebates here. 1
DEC 24
Item 1g
Attachment 1
©

SILICONVALLEY

CLEAN ENERGY
Name Budget Potential Impact Cumulative Impact To-Date Last Quarter (Update) Next Quarter (Target) Permit
Modernization
$3.2M
13 member agencies
improve
electrification
permitting
Permitting agencies are
briefed and have action
plans in place
Action plans were finalized
in 12 of 13 jurisdictions.

Resources actively deployed
in at least five agencies.

Emergency
Water Heater
Replacement
$2.6M
700 emergency
water heaters
upgraded
Launched program in
November 2024
Launched program in
November 2024.

Complete installations for 10
projects.

CALeVIP 1.0 $2.5M
85 DCFC installed
1,100 L2 installed
10 DCFC installed
319 L2 installed
Continued processing
incentive payments as
installations were
completed.

Continue making payments
to DCFC and L2 projects as
they are completed.

Customer
Resource Center
(eHub)
$2.1M

1.5M email opens
350K unique web
visits
1M email opens (54%
open rate)
393K web visits
Sent emails promoting:

Solar + Battery Assistant
New eHub in PCL
Launched new eHub Nov 18.

Launch EV Finder. Develop
Appliance Marketplace
rebate promotions. Prepare
Go Electric Campaign.

Fast Charger
Incentives
$1.875M
10 DCFC installations
near MUD hotspots
10 of 10 ports are live now (4
sites)
All sites now energized.

Explored ways to support
one site through ownership
transition.

Complete ownership
transition for one site.

Existing Building
Policy
Experiment
$1.9M
Spur action on
building
electrification and
reduce building gas
combustion
Concepts have been
introduced and are no longer
“foreign” and momentum is
building for incorporation
into 2025 Reach Code efffort
Action plans were finalized
in 12 of 13 jurisdictions.

Convene initial regional
workshop for staff on Reach
Code options and
developments.

Contractor
Training
$1.7M
300 contractors
trained
500 graduate
incentives
288 contractors
completed training
187 approved graduate
incentive claims
Significant growth in
registrations and
incentive claims.

Achieve 300 completed
contractor trainings.

EV Rebates $1.5M
600 EV purchase
incentives for income
qualified customers
4 claims paid
Launched program on Oct
19, 2024. Held 2 community
events with CBO partners.

Increase marketing and
education efforts. Hold 2
additional community
education events. Continue
to grow dealership network.

Programs
Marketing Fund
$1M
4,500 new program
participants
Marketing provided for 10
programs. 1,880 program
participants added.

Google Analytics setup
phase 1 completed. See
individual programs for more
detailed updates.

Large Go Electric umbrella
campaign planning with
School of Thought (vendor).

Complete allocation of
marketing fund for 2025.

GridShift EV
Charging and
Rebates
$973K
Bill/emissions savings
and load shifting
capacity
1,601 EVs enrolled (incl.

ChargeWise pilot
participants)
58 charger rebates
Launched ChargeWise pilot
and recruited pilot
participants.

Monitor ChargeWise results
and customer savings. Adjust
dynamic rate adders as
needed.

PROGRAMS PORTFOLIO
Active Programs
View our active rebates here.
2 DEC 24
Item 1g
Attachment 1
©

SILICONVALLEY

CLEAN 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
714 customers use
service
Record participation in Q4.

Contacts largely driven by
FutureFit Homes participants
with questions on available
incentives and upgrade process.

Increase marketing
campaigns and aim for 400
new contacts.

Business
Rebates
$750K 20-30 SMBs electrified
7 SMBs
fully/partially
electrified
Presented at Cupertino Business
Incentives workshop. Drafted
Consultant Agreement for site
assessment pilot. Processed first
two rebate claims in Salesforce.

Determine project rebate
caps. Award 2 to 4 new
rebates. Present at another
chamber event. Launch site
assessment pilot program.

EV Charging
Planning
$725K
60 assessments,
36 projects done,
250 ports installed
73 applications
(49 completed)
Prepared 4 new site solutions.

Enrolled 1 new property
Expand enrollment through
email and other marketing
channels. Determine and
execute wind-down
strategy.

EM&V $640K
Evaluate 80% of SVCE
programs within 2 years of
launch
11 reports completed
Completed TO6 (EVI) and TO15
(Home Rebate) reports. Set up
new TO for Member Agency
Grants.

Set up TOs for 5 additional
programs.

SV Building
Electrification
Stronger
Together
$600K
Educate stakeholders
about building
electrification
35 new stakeholders
engaged to date
Completed RFP process for
contractor bench. Completed
design of CBO programs bench.

Hold the first contractor
bench focus group. Release
community partnership
grant and conduct
information session.

Decarbonization
Engagement
Grants
$442K
5 communities engage
residents on climate action
topics
1 project complete
Worked with several agencies to
execute extensions to
accommodate project delays.

Monitor and reimburse
agencies as projects move
to completion.

Natural Gas
Phaseout
Feasibility
$300K
Complete 2 whitepapers
to inform local, regional,
and statewide policies
1 whitepaper
(funding
requirements)
completed
Assessed the most challenging
home electrification
configurations and developed
solutions for each.

Finalize technical solutions
analysis report.

Fleet
Electrification
$300K
Complete fleet
electrification and charger
installation planning for 10
fleets
10 fleets in progress
Three (3) agencies have
completed the planning program.

Remaining 7 agencies are
actively proceeding.

Finalize 2 additional agency
engineered plans and
recruit new fleets into the
program.

Lights On Silicon
Valley
Power
Supply
Budget
750 SFH and 5 MF projects
657 enrolled SFH at
outset of delivery
period
Capacity from behind-the-meter
solar and storage projects was
delivered to SVCE.

Continued delivery and
adjustments to dispatch as
needed.

PROGRAMS PORTFOLIO
Active Programs
View our active rebates here. 3
DEC 24
Item 1g
Attachment 1
©

SILICONVALLEY

CLEAN ENERGY
Name Budget Potential Impact Last Quarter (Update) Next Quarter (Target) Tariffed On Bill
(TOB) Financing
$5.2M
200 customers finance
electrification
Ongoing pilot design with focus on
billing implementation.

Launch OBF pilot and begin
enrollment.

Community Grants $3.5M
Fund resiliency, engagement, and
decarbonization projects for
schools, community groups, and
non-profits
Divided the larger $10M allocation
into three different program areas.

Explore adding fellow to assist with
program design.

Neighborhood
Electrification
$1.5M
Test model to electrify buildings
within a community. Electrify 15
homes and set plans for 24 homes
Continued pilot program design. Release RFP for vendor.

Workforce
Development
Partnerships
$1.3M
Increase capacity to coordinate
and train skilled workforce for
residential electrification jobs
Continued program design and met
with stakeholders.

Complete program design.

Demand Flexibility
and Virtual Power
Plant programs
$1M
Connectivity to flexible, customer-sided loads to enable bill savings, avoided generation and capacity
costs, reliability and carbon
benefits
Completed competitive solicitation
for demand flexibility services.

Received 16 proposals, reviewed 8 in
depth. Completed 2 rounds of
interviews with 4 firms.

Select firm(s). Develop scopes of work
and program design. Execute
contracts with selected firm(s) for
capacity, flexibility and associated
services.

Innovation Onramp
(EV Charging Pilot)
$1M
Demonstrate innovative and
scalable solutions to reduce the
cost of EV charging for MF
residents.

Received 11 proposals in this grant
cycle. Applications are currently
under review.

Launch 3-4 projects with the selected
vendors.

E-Bike Rebates $500K 450 e-bikes
Program paused due to staffing
constraints.

Determine new timeline and next
steps for program launch.

Innovation Onramp
(Rock Rabbit)
$190K
Pilot an innovative web app to
assist homeowners and contractors
to apply for multiple incentives
simultaneously.

Continued integration of Rock Rabbit
app with SVCE’s internal data tools
and systems.

Soft Launch to small group of
residential customers and contractors
planned for February 2025. Full launch
to all residential customers in late
March/April 2025.

PROGRAMS PORTFOLIO
Planning
View our active rebates here. 4
DEC 24
Item 1g
Attachment 1

SILICON VALLEY

CLEAN ENERGY
10/2
12/2
2/23
4/23
6/23
8/23
10/23
12/23
2/24
4/24
6/24
8/24
10/24
12/24
$0.0
$1,000.0
$2,000.0
$3,000.0
$4,000.0
$5,000.0
Rebates claimed:

Current Level of $ Funds Reserved (in 000s)
0 10 20 30 40 50 60
Commercial business
Government
Multifamily
School/Nonprofit
Incentive program for L1 and L2 EV charging
infrastructure at multifamily properties
0 200 400 600 800 1000 1200
HPWH

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

Funds Claimed:

Ports Installed:

Home Rebates
Provide incentives to residents for heat pump
water heaters (HPWH), heat pump HVAC systems,
service panel upgrades, induction cooktops, and
pre-wiring to replace gas appliances.

EV Charging Planning
Assistance in site assessment, preliminary
design, and applying to rebates for charging at
multifamily housing and small and medium
workplace properties.

EV Charging Incentives
Number of Claims

PROGRAMS HIGHLIGHTS
5 $1.6M
$4.5M
$789K
166 L1/L2
Rebates reserved:
= 10 Installed EVSE Ports
Cumulative $ Funds Claimed to Date (in 000s)
Cumulative Applications
Completed Assessments
$650k
DEC 24
Item 1g
Attachment 1
SILICON VALLEY <3/ CLEAN ENERGY
CALeVIP
Level 2 DCFC

0.000

1.000

2.000

3.000

4.000

5.000

6.000
12/21 6/22 12/22 6/23 12/23 6/24 12/24
0 100
200
300
400
500
Reserved
Provide incentives for electric vehicle (EV) chargers
as part of a regional program.
= 25 Level 2 Installations
300 Participants Complete
the Course (Phase 2)
Goal:

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

Funding: $11.58M
= 10 Participants Complete Course
Funds Issued = 5 DCFC Installations
456
Remaining Funds
Registrations
288
$3.34M
$700K
$1.52M
$380K
$84K
6 PROGRAMS HIGHLIGHTS
$1.96M
$84K
DEC 24
Item 1g
Attachment 1
***x
**********
**********
**********
BfafafBfBfBfafaf
S
1/23/25/2
7/29/2
1 /2
1/23
3/23
5/23
7/23
9/23
4/24
10/24
0 500
1000
1500
2000
9/23
10/23
1 /23
12/23
1/24
2/24
3/24
4/24
5/24
6/24
7/24
8/24
9/24
10/24
1 /24
12/24
0 100,000
200,000
300,000
400,000
GridShift EV Charging
Managed EV charging app that optimizes charging
to reduce associated costs and emissions.

Charger Rebates Issued: 58
Number of Enrolled EVs
1,601
Rebate Goal: $30K
Goal:
120 EV Chargers
added to fleet
eHub Report
Online customer resource center to enable
engagement, education and action related to clean
electricity, EVs and home electrification.
393,740
34,579
Unique Visits Return Visits
7 PROGRAMS HIGHLIGHTS DEC 24
Item 1g
Attachment 1

A A A A A A A A
AiAAAA A A»
A A AAA A<

AAAAAAAA

A A A A
MARKETING HIGHLIGHTS DEC 24
Contractor Lunch and Learns
Goal: To engage and reach local contractors who have not heard of SVCE offers and services or those who are aware of our programs but rarely engage.

Results: 41 contractors from our service territory attended our events in Mountain View and Morgan Hill, which were designed as small, intimate lunch-and-learn sessions. We reached our target audience via email, phone calls, and brochures.

Launch of the New and Improved eHub
Goal: Increase accessibility and remove barriers to going electric by improving the user experience (UX).

Tactics: Launched the new eHub mid-November, published a press release, and updated customers via our monthly newsletter and the annual Power Content Label. 8 Item 1g
Attachment 1
I

SILICON VALLEY <3/ CLEAN ENERGY

CONTRACTOR LUNCH & LEARN
Incentives, Networking and New Tools
Hello Contractors,
We sincerely appreciate your ongoing support of Si
Energy (SVCE) and your commitment to staying informed about our programs. We invite you to join one of two upcoming lunch-and-leam events where you can explore current incentives and innovative tools to boost your productivity, save time, and benefit your business with streamlined quotes and rebates. This is also a great opportunity to network with other professionals and engage with leaders in all-electric technologies. Don't miss out on valuable insights to help grow your business and stay up-to-date.

Event Benefits:

1. Complimentary lunch

2. Learn about SVCE and other incentives

3. Network with fellow contractors
Space is limited, so be sure to sign up ASAP!
November 14. 2024.12 - 1:30 p.m.INovember 19. 2024, 12 - 1:30 p.m.

Michael’s Restaurant in Mountain View Mama Mia’s in Morgan Hill (Contractors can only sign up for one of the two events.) Futu
Discov
eligibili
saving-incenti
credits
Find In
Homeowners Renters
and a healthier
in rebates. environment.

Find Incentives Find Incentives
Upgrade your home with
electric appliances for
comfort, efficiency, and
health—claim up to $8,750
Enhance your space with
electric appliances for
better comfort, efficiency.

Go Electric for a healthier ho
eHub simplifies your upgrade to all-electric living. Find personalized re appliances with clean energy.

Discover rebates and
home safer and more
electric equipment. Fi
Explore our
Incentives F

SILICON VALLEY

CLEAN ENERGY
MARKETING HIGHLIGHTS DEC 24
Dream Home at Community Events
Goal: Promote a hands-on, interactive experience with modern electric equipment to demonstrate why customers should replace fossil fuel appliances.

Tactics: SVCE partnered with the San Jose Conservation Corps to design and build the Dream Home, a demonstration trailer featuring a heat pump mini-split, induction cooking, heat pump water heater, and more. In 2024, SVCE brought the Dream Home to ten community events. 9 Item 1g
Attachment 1
©

SILICONVALLEY

CLEAN ENERGY
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. Contractor Training: Training and financial incentive program for contractors to expand their knowledge and installation of electrification technologies. Go Electric Advisor: 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. Home Rebates: Incentives for various building electrification technologies for single- and small multi-family residential customers. Includes major appliances as well as eventual gas meter removal. Business Rebates: Incentives for projects at a handful of small and medium business properties. Multifamily Retrofits (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. 10 GLOSSARY DEC 24
Item 1g
Attachment 1
©

SILICONVALLEY

CLEAN ENERGY
CALeVIP: Incentives for L2 and DCFC publicly-accessible EV chargers funded by California Energy Commission and SVCE as part of a regional collaboration. EV Charging Incentives: 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. EV Charging Planning: Technical assistance for preliminary site design and pertinent rebates for charging at multifamily housing and small and medium workplace properties. Multifamily Retrofits (TE Direct Install): Comprehensive transportation electrification retrofits with a direct installer for multifamily affordable housing sites. Fast Charger Incentives: 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.

SILICONVALLEY

CLEAN ENERGY

Page 1 of 2 ends

Staff Report – Item 1h
Item 1h: Authorize the Chief Executive Officer to Finalize and Execute an Amendment to an Agreement with Optony Inc. for One Additional Year and to Increase the Not to Exceed Amount from $300,000 to $512,000 for Fleet Electrification Planning Support Consulting Services
From: Monica Padilla, CEO
Prepared by: Zoe Elizabeth Director of Decarbonization Policy and Community Strategies Anthony Eulo, Senior Manager of Public Sector Services
Date: 2/12/2025

RECOMMENDATION
Staff recommends the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) authorize the Chief Executive Officer to finalize and execute an amendment (Attachment 1) to SVCE’s agreement with Optony Inc. (“Optony”) for fleet electrification planning consulting services to increase the not to exceed amount by $212,000 from $300,000 to $512,000 and extend the term for one year through January 2, 2027.

The extension to the agreement is expected to result in an increase in the number of fleets served by fifty percent.

BACKGROUND
Optony was selected by SVCE via a competitive process run by Peninsula Clean Energy to support electrification of vehicle fleets in the SVCE service territory. SVCE executed the existing agreement with Optony in 2022 (Attachment 2) for a three-year term of January 3, 2023 through January 2, 2026 with a not-to-exceed amount of $300,000. The original agreement allowed for support of ten fleets, which have all been spoken for, and there is now a waitlist of additional fleets interested in the program. The proposed amendment is intended to enable SVCE to provide this service to all interested fleets.

ANALYSIS & DISCUSSION
The fleet electrification planning services provided by Optony have served ten public agency fleets to date.

The services available through this program include:
• Data collection and analysis
• Vehicle replacement plan
• Energy needs assessment
• Charging infrastructure project plan
• Charging infrastructure engineered site designs
• Funding analysis
Optony also includes coordination and outreach to PG&E on behalf of the participating agencies to proceed with the agencies participating in PG&E’s Electric Vehicle (EV) Fleets program which installs increased electrical service to the charging sites. The agencies that have participated to date have been well-served and several have now “graduated” to the PG&E stage of the program.

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Agenda Item: 1h Agenda Date: 2/12/2025

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Three additional member agencies have requested to join the program including Los Altos Hills, Mountain View, and Sunnyvale. The attached amendment enables services to be extended to those three plus an additional two fleets that are likely to step forward during the life of this program.

STRATEGIC PLAN
The proposal supports SVCE’s Strategic Plan Goal 7, “Support all SVCE communities to decarbonize through local investments that reduce barriers and demonstrate sensible, scalable, and equitable solutions.”

ALTERNATIVE
Not amending the agreement would result in additional fleets not receiving the fleet electrification planning services.

FISCAL IMPACT
The proposed amendment increases the amount of the contract by $212,000 for a cumulative total of $512,000. Funding for this program has been allocated within the existing Fiscal Year 2024-25 Budget and reflects the budget priorities established in the EVI Joint Action Plan.

ATTACHMENTS

1. Proposed Amendment to the Agreement with Optony

2. Current Agreement with Optony Inc.

Item 1h
1/2024 Version 1.0
FIRST AMENDMENT TO AGREEMENT WITH OPTONY, INC.

WHEREAS, the SILICON VALLEY CLEAN ENERGY AUTHORITY, an independent public agency (“Authority”), and OPTONY INC., entered into that certain agreement entitled FLEET ELECTRIFICATION TECHNICAL ASSISTANCE, effective on DECEMBER 12, 2022, hereinafter referred to as “Original Agreement”; and
WHEREAS, Authority and OPTONY INC. have determined it is in their mutual interest to amend certain terms of the Original Agreement.

NOW, THEREFORE, FOR VALUABLE CONSIDERATION, THE PARTIES AGREE AS FOLLOWS:

1. TERM section of Original Agreement shall be amended to read as follows:

The term of this Agreement shall commence on January 3, 2023, and shall terminate on January 2, 2027, unless terminated earlier as set forth herein.

2. COMPENSATION TO CONSULTANT section of Original Agreement shall be amended to read as follows:

Consultant shall be compensated for services performed pursuant to this Agreement in a total amount not to exceed Five Hundred Twelve Thousand dollars and no/100 ($512,000.00) based on the rates and terms set forth in Exhibit "C," which is attached hereto and incorporated herein by this reference.

3. Exhibit A shall be replaced in its entirety by Exhibit A to this First Amendment.

4. Exhibit B shall be replaced in its entirety by Exhibit B to this First Amendment.

5. Exhibit C shall be replaced in its entirety by Exhibit C to this First Amendment. 6 This Amendment shall be effective on March 1, 2025.

7. Except as expressly modified herein, all of the provisions of the Original Agreementshall remain in full force and effect. In the case of any inconsistencies between the Original Agreement and this Amendment, the terms of this Amendment shall control.

8. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Item 1h
Attachment 1
1/2024 Version 1.0

RECOMMENDED FOR APPROVAL
______________________________________________________________ Zoe Elizabeth, Director of Decarbonization Policy and Community Strategies

CONSULTANT NAME

OPTONY INC
By: __________________________
Name: ________________________
Title: _________________________
Date: __________________________

SILICON VALLEY CLEAN ENERGY

AUTHORITY
A Joint Powers Authority
By: ___________________________
Name: Monica Padilla
Title: Chief Executive Officer
Date: __________________________
APPROVED AS TO FORM:
_______________________
Counsel for Authority
ATTEST:
_____________________
Authority Clerk
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Exhibit A
Scope of Services
Project Overview
The Fleet Electrification Technical Assistance Program (FETA) is designed to provide technical assistance to at least 15 fleets with individual vehicle inventories of 200 or fewer assets. By providing hands-on technical assistance through a consultant along with leveraging local and federal incentives, we aim to enable fleets to replace their current vehicles with suitable EV’s.

The Fleet Electrification Program’s technical assistance will provide public and private fleet managers with a range of tools as they prepare for an EV fleet transitions. The proposed full technical assistance package available to fleets is outlined below.

Objectives

1. Enable electrification for at least 15 SVCE customer fleets.

2. Prepare participating agencies to plan for and comply with upcoming state public fleet electrification targets.

3. Support non-participating agencies with fleet electrification best practices and case studies in support of upcoming state public fleet electrification targets.

4. Leverage available funding to the greatest extent practicable to minimize cost to the participating agencies while ensuring expedient project delivery.

5. Facilitate maximum operational cost savings to fleet managers and Silicon Valley Clean Energy renewable energy alignment objectives with charge management solutions.

Contractor Tasks
Administrative Tasks

1. Kickoff Meeting
Participate in a kickoff meeting with SVCE to review objectives, budget, timeline, administrative processes, and contract at a mutually determined time.

2. Monthly Progress Report and Call
Provide a short monthly progress report and associated call with the designated SVCE contract administrator. This report will outline project progress, challenges encountered, a description of additional funding or resources secured, and objectives for the following month.

3. Expense Report
Provide a monthly expense report at the beginning the month after the contract start date and Item 1h
Attachment 1
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every month thereafter, or another schedule as mutually determined, submitted with the corresponding Monthly Progress Report, documenting expenses including labor (hours, rate, total), subcontractor expenses (with invoices), and equipment (with invoices). The expense report must include the total expenditures for the quarter and running expense total.

4. Annual Report
Provide an annual report that includes an executive summary, major accomplishments in the prior year, lessons learned and recommendations for future work, overview and assessment of fleet replacement plans and EV charging project plans delivered in the previous year, and financial summary comparing actual expenditures to the project budget. Draft reports will be submitted to Silicon Valley Clean Energy for review and approval before being finalized.

The annual report should also include key performance indicators, such as:
a. Total fleets engaged, including a status summary
b. Total fleets receiving support
c. Expected number of EVs and charging infrastructure to be deployed, by fleet d. Reduction in total ownership costs to fleets
e. Estimated fuel and emissions savings, pet fleet

5. Final Report
Provide a final report for public distribution, subject to review and approval by Silicon Valley Clean Energy, this includes an executive summary, challenges encountered, and lessons learned, best practices for other public agency fleets, case studies suitable for sharing with other fleets, summary of total program impact and key performance indicators utilized in annual reports.

Project Tasks

1. Data collection
In coordination with Silicon Valley Clean Energy staff, Contractor collects fleet and other relevant data and assist in project planning.

This engagement will include the following:
a. Organize and schedule meetings with public agency staff, in coordination with SVCE, develop agendas, circulate meeting minutes, etc.
b. Facilitate a kickoff meeting with public agency staff and SVCE and follow up meetings, as relevant, to gather:
c. Baseline information (e.g., fleet inventories, “as built,” current electrical infrastructure layout, panel schedules, and capacity, etc.)
d. Existing or proposed near-term and long-term fleet transition policies e. Other information needed to scope specific projects
f. Contractor will gather information on vehicle data, including vehicle characteristics and duty cycles and facility information (e.g., electrical capacity and other relevant details).

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g. Contractor will utilize templates for data collection that seek to minimize the level of effort needed on behalf of fleet managers.
h. Contractor will share data obtained from public agencies with SVCE.

2. Develop Vehicle Replacement and Procurement Plans and Energy Needs Assessments a. Analysis of existing fleet vehicles and current duty cycles. b. Identification of 1 for 1 electric vehicle alternative options for each vehicle in the fleet, noting market availability and when replacements are not yet available or practical due to conditions such as range, hauling capacity, or other use cases (e.g., pursuit-rated police vehicles).

Contractor will note general availability of these vehicles on cooperative purchasing contracts (e.g., Sourcewell, Drive EV Fleets, California Department of General Services, etc.,) to streamline future vehicle procurement. c. Vehicle replacement schedule that aligns with the fleet’s typical replacement cycle, but also factors in state or local electrification timing requirements such as the California Air Resources Board Advanced Clean Fleet regulations. When practical, replacement schedules should start with “low-hanging fruit” options such as pool cars, light-duty vehicles, etc. as well as agency priority replacements, before moving to more difficult use cases over time.
d. Estimated purchase price and an approximated total cost of ownership of each vehicle replacement in comparison to the internal-combustion engine equivalent over the service life of the vehicle.
e. Recommended charging infrastructure types for each vehicle, which factors in estimated daily duty cycles (e.g., Level 2, high-power Level 2, DC fast charging of various power capacities, etc.) and vehicle charging needs. Recommendations for specific charging infrastructure models for the vehicle replacements identified, including piggybacking and cooperative contract procurement options (e.g., Sourcewell, Drive EV Fleets, etc.), if available, to streamline project timelines. f. Energy Needs Assessment for the electric fleet, which includes a calculation of each vehicle replacement’s estimated annual electricity needs.

Vehicle replacement and procurement plans should note the following, when applicable:
a. Consolidation opportunities to replace multiple underutilized vehicles with a fewer number of vehicles.
b. “Right-sizing” opportunities to replace a vehicle with a smaller vehicle, if the duty cycle or use has changed.

Contractor shall make proprietary tools or software (e.g., Municipal Fleet Planning Tool) Item 1h
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available to fleet managers for the duration of the project.

Vehicle replacement and procurement plans will be reviewed by both the participating agency and SVCE and contractor will correct, edit, and amend the plans prior to being finalized.

3. Produce Charging Infrastructure Project Plans and Site Designs a. Facility assessment, including the determination of electrical infrastructure capacity to support recommended charging equipment, existing electrical service, potential connection points for EV charging infrastructure, identification of suitable locations for supporting electrical infrastructure (panels, transformers, etc.), ADA requirements as necessary, potential trenching and/or conduit run routes, identify other site-specific challenges or opportunities to the project. b. Electrical load analyses, as needed.
c. Project cost estimate.
d. Construction engineering site design documents that the agency can use in a public bid to hire contractors for installation services. These documents will include:
i. Basis of Design

1. Project summary and description

2. Engineering requirements and performance specifications

3. Identification of ADA compliant EV stalls, if required

4. Considerations for grading, if required

5. Equipment specifications and cutsheets

6. Other documents, as required by the public agency, to bid these charging station installation projects or receive permits ii. Schematic Design Documents

1. Architectural renderings (a.k.a. “as built”) of the parking areas and other facilities, as relevant

2. Electrical single-line diagrams

3. Trenching and/or conduit routes

4. Panel schedules, if required
e. Contractor shall arrange for a site walk with local agency contact to gather information to complete this task, as necessary.
f. Charging infrastructure project plans will be reviewed by both the participating agency and SVCE and contractor will correct, edit, and amend the plans prior to being finalized.

4. Funding Package Overview
For each project, Contractor shall provide a detailed Funding Package Overview, which includes:

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a. Currently available funding options for both the vehicles and charging infrastructure from relevant state and local agencies, including:
i. The Clean Vehicle Rebate Project
ii. Hybrid and Zero-Emission Truck and Bus Boucher Incentive Project iii. PG&E EV Fleets Program
iv. Bay Area Air Quality Management District
v. Others to be determined.
b. The Overview will include any requirements unique to the funding agency such as vehicle utilization, access, vehicle types or use cases, etc. c. Contractors should seek to opportunities to stack funding, as relevant and allowable, to minimize costs to public agencies.
d. Contractors shall also provide all information to the agencies to minimize effort needed by the fleet managers to apply for funding.
e. The Funding Package Overview for each participating agency shall be reviewed and approved by SVCE before being finalized.

Deliverables
Public Fleet electrification packages, which each include the following elements:

1. Report summarizing baseline data collection, fleet composition or asset lists, etc.

2. Spreadsheet-based model with vehicle replacement plan scenarios, including:
a. Total cost of ownership analysis
b. Replacement timeline
c. Identified vehicles as replacement options

3. Spreadsheet-based model with charging needs assessment, including number and types of charging stations required for an all-electric fleet

4. Memo summarizing project charging infrastructure plan for one site, including project overview, number of charging stations to be installed, determination of electrical capacity of the site to support recommended charging infrastructure, and futureproofing elements to be included

5. Basis of Design and Schematic Design construction documents for one project site per fleet

6. Memo summarizing relevant funding program opportunities and “to do” list of information needed to apply for relevant funding programs and important dates and deadlines
Reporting

1. 4 Annual Reports

2. Monthly Progress reports (48)

3. 1 Final Report, including at least 1 case study that highlights an exemplary fleet electrification story

4. 2 Events or Webinars
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Exhibit B
Schedule of Performance
This schedule may be modified with the written approval of the Authority.

Task Begin (months
after kick off)
Complete

1. Data Collection 1

2. Vehicle Replacement & Procurement Plan and
Energy Needs Assessment
3 3. Charging Infrastructure Project Plan and Site
Designs
3 4. Funding package 4

5. 6.

7. 8.

9. Item 1h
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Exhibit C
Compensation
Authority shall compensate Consultant for professional services in accordance with the terms and conditions of this Agreement based on the rates and compensation schedule set forth below.

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

The compensation to be paid to Consultant under this Agreement for all services described in Exhibit “A” and reimbursable expenses shall not exceed a total of five hundred twelve thousand dollars ($512,000), as set forth below. Any work performed or expenses incurred for which payment would result in a total exceeding the maximum amount of compensation set forth herein shall be at no cost to Authority unless previously approved in writing by Authority.

Task Estimated Budget

1. Fleet Replacement Plan & Energy Needs Assessment $155,000

2. Charging Infrastructure Plan $126,000

3. Site Designs $134,500

4. Project Administration $70,000

5. Contingency $26,500
Total $512,000
Rates
Personnel Title Hourly
Byron Pakter Principal, Chief Executive Officer $325
Natalie Hanson Project Manager, Director of Energy Programs $220 Jonathan Whelan VP – Onsite Energy $230
Coleman Thompson Analytics Development Lead $190
Rachel Lore Assistant Program Manger $195
Erin Chasen EV Analyst $185
Amanda Craparotta EV Analyst $185
Jackson Flynn EV Analyst $180
Various staff Admin $110
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Invoices
Monthly Invoicing: In order to request payment, Consultant shall submit monthly invoices to the Authority describing the services performed and the applicable charges (including a summary of the work performed during that period, personnel who performed the services, hours worked, task(s) for which work was performed). Authority shall pay all undisputed invoice amounts within thirty (30) calendar days after receipt up to the maximum compensation set forth herein. Authority does not pay interest on past due amounts.

Reimbursable Expenses
Administrative, overhead, secretarial time or overtime, word processing, photocopying, in house printing, insurance and other ordinary business expenses are included within the scope of payment for services and are not reimbursable expenses. Travel expenses must be authorized in advance in writing by Authority. In no event shall reimbursable expenses collectively exceed the total sum of five hundred twelve thousand dollars ($512,000).

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

Item 1h
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AGREEMENT BETWEEN THE SILICON VALLEY CLEAN ENERGY AUTHORITY AND
OPTONY INC.

FOR

FLEET ELECTRIFICATION TECHNICAL ASSISTANCE
THIS AGREEMENT, is entered into this 12th day of December, 2022, by and between the SILICON VALLEY CLEAN ENERGY AUTHORITY, an independent public agency, ("Authority"), and OPTONY INC., a California Corporation (C- Corp) whose address is 5201 Great America Pkwy, Suite 320, Santa Clara, CA 95054 (hereinafter referred to as "Consultant") (collectively referred to as the “Parties” and individually as a “Party”).

RECITALS:

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

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

C. Authority and Consultant desire to enter into an agreement for Fleet Electrification Technical Assistance upon the terms and conditions herein.

NOW, THEREFORE, the Parties mutually agree as follows:

1. TERM
The term of this Agreement shall commence on January 3, 2023, and shall terminate on January 2, 2026, unless terminated earlier as set forth herein.

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

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

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

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5. STANDARD OF CARE
Consultant agrees to perform all services required by this Agreement in a manner commensurate with the prevailing standards of specially trained professionals in the San Francisco Bay Area under similar circumstances and in a manner reasonably satisfactory to Authority and agrees that all services shall be performed by qualified and experienced personnel. Consultant shall be responsible to Authority for any errors or omissions in the performance of work pursuant to this Agreement. Should any errors caused by Consultant be found in such services or products within 12 months of the creation of the work product, Consultant shall correct the errors at no additional charge to Authority by redoing the professional work and/or revising the work product(s) called for in the Scope of Services to eliminate the errors. Should Consultant fail to make such correction in a reasonably timely manner, such correction may be made by Authority, and the cost thereof shall be charged to Consultant. In addition to all other available remedies, Authority may deduct the cost of such correction from any retention amount held by Authority or may withhold payment otherwise owed Consultant under this Agreement up to the amount of the cost of correction.

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

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

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

8. NON-DISCRIMINATION
In the performance of this Agreement, Consultant, and any subconsultant under the Consultant, shall not discriminate against any employee, subcontractor or applicant for DocuSignEnvelopeID:13923C15-D11C-4CF1-8956-1C29CF98CAFE Item 1h
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employment because of race, color, religious creed, sex, gender, gender identity, gender expression, marital status, national origin, ancestry, age, physical disability, mental disability, medical condition, genetic information, sexual orientation, military or veteran status, or other basis prohibited by law, except as provided in Government Code section 12940. Consultant shall have responsibility for compliance with this Section.

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

B. Limits of Liability. To the fullest extent permitted by law, the total liability, in the aggregate, of Contractor, Contractor’s officers, directors, owners, partners, employees, agents, and subconsultants, to SVCE, and anyone claiming by, through, or under SVCE for any claims, losses, costs, or damages whatsoever arising out of, resulting from or in any way related to this Project or Agreement from any cause or causes, including but not limited to negligence, professional errors and omissions, strict liability, breach of contract, or breach of warranty, shall not exceed the required limits of insurance in this Contract. The liability limit in this section will not apply to any claim, damage or liability due to gross negligence or willful misconduct. Client further covenants that it will not, under any circumstances, bring a lawsuit, demand, or claim of any kind against Contractor’s individual employees, officers, directors or agents and that Client’s sole remedy will be against Contractor.

C. Intellectual Property Indemnification. Consultant hereby certifies that it owns, controls, or licenses and retains all right, title, and interest in and to any intellectual property in relation to this Agreement, including the design, look, feel, features, source code, content, and other technology relating to any part of the services and including all related patents, inventions, trademarks, and copyrights, all applications therefor, and all trade names, service marks, know how, and trade secrets (collectively referred to as “IP Rights”), except as otherwise expressly provided by this Agreement. Consultant warrants that the services to be provided pursuant to this Agreement do not infringe, violate, trespass, or constitute the unauthorized use or misappropriation of any IP Rights of any third party. Consultant shall indemnify, defend, and hold Indemnitees, DocuSignEnvelopeID:13923C15-D11C-4CF1-8956-1C29CF98CAFE Item 1h
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harmless from and against any Liabilities by a third party that the services to be provided pursuant to this Agreement infringe or violate any third-party’s IP Rights, provided any such right is enforceable in the United States. Such costs and expenses shall include reasonable attorneys’ fees of counsel of Authority’s choice, expert fees and all other costs and fees of litigation.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Byron Pakter
Optony Inc.
5201 Great America Pkwy, Suite 320
Santa Clara, CA 95054

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

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

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

20. COMPLIANCE WITH LAWS
Consultant shall keep itself informed of all applicable federal, state and local laws, ordinances, codes, regulations and requirements which may, in any manner, affect those employed by it or in any way affect the performance of its services pursuant to this Agreement. Consultant DocuSignEnvelopeID:13923C15-D11C-4CF1-8956-1C29CF98CAFE Item 1h
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shall, at all times, observe and comply with all such laws and regulations, including, but not limited to the Americans with Disabilities Act, the Stored Communications Act, 18 U.S.C. Section 2701, et seq., California Civil Code Sections 1798.80 through 1798.84, and the California Consumer Privacy Act, Civil Code Section 1798.100 et seq. Authority, and its officers and employees, shall not be liable at law or in equity by reason of the failure of the Consultant to comply with this paragraph.

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

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

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

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

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

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

26. INSERTED PROVISIONS
Each provision and clause required by law to be inserted into the Agreement shall be deemed to be enacted herein, and the Agreement shall be read and enforced as though each were included herein. If through mistake or otherwise, any such provision is not inserted or is not DocuSignEnvelopeID:13923C15-D11C-4CF1-8956-1C29CF98CAFE Item 1h
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correctly inserted, the Agreement shall be amended to make such insertion on application by either Party.

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

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

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

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

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

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

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

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

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

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

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

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

RECOMMENDED FOR APPROVAL
____________________________________________________
Justin Zagunis, Director of Decarbonization Programs and Policy

RECOMMENDED FOR APPROVAL
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CONSULTANT NAME
OPTONY INC.

By: __________________________
Name: Byron Pakter
Title: CEO
Date: __________________________

SILICON VALLEY CLEAN ENERGY

AUTHORITY
A Joint Powers Authority
By: ___________________________
Name: Girish Balachandran
Title: Chief Executive Officer
Date: __________________________
APPROVED AS TO FORM:
_______________________
Counsel for Authority
ATTEST:
_____________________
Authority Clerk
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Exhibit A
Scope of Services
Project Overview
The Fleet Electrification Technical Assistance Program (FETA) is designed to provide technical assistance to at least 5 member agencies fleets and 5 private fleets with individual vehicle inventories of 200 or fewer assets. By providing hands-on technical assistance through a consultant along with leveraging local and federal incentives, we aim to enable fleets to replace their current vehicles with suitable EV’s.

Objectives

1. Enable electrification for at least 10 SVCE customer fleets.

2. Prepare participating agencies to plan for and comply with upcoming state public fleet electrification targets.

3. Support non-participating agencies with fleet electrification best practices and case studies in support of upcoming state public fleet electrification targets.

4. Leverage available funding to the greatest extent practicable to minimize cost to the participating agencies while ensuring expedient project delivery.

5. Facilitate maximum operational cost savings to fleet managers and Silicon Valley Clean Energy renewable energy alignment objectives with charge management solutions.

Contractor Tasks
Administrative Tasks

1. Kickoff Meeting
Participate in a kickoff meeting with SVCE to review objectives, budget, timeline, administrative processes, and contract at a mutually determined time.

3. Expense Report
Provide a monthly expense report at the beginning the month after the contract start date and DocuSignEnvelopeID:13923C15-D11C-4CF1-8956-1C29CF98CAFE Item 1h
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every month thereafter, or another schedule as mutually determined, submitted with the corresponding Monthly Progress Report, documenting expenses including labor (hours, rate, total), subcontractor expenses (with invoices), and equipment (with invoices). The expense report must include the total expenditures for the quarter and running expense total.

Project Tasks

1. Data collection
In coordination with Silicon Valley Clean Energy staff, Contractor collects fleet and other relevant data and assist in project planning.

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g. Contractor will utilize templates for data collection that seek to minimize the level of effort needed on behalf of fleet managers.
h. Contractor will share data obtained from public agencies with SVCE.

Contractor shall make proprietary tools or software (e.g., Municipal Fleet Planning Tool) DocuSignEnvelopeID:13923C15-D11C-4CF1-8956-1C29CF98CAFE Item 1h
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available to fleet managers for the duration of the project.

Vehicle replacement and procurement plans will be reviewed by both the participating agency and SVCE and contractor will correct, edit, and amend the plans prior to being finalized.

1. Project summary and description

2. Engineering requirements and performance specifications

3. Identification of ADA compliant EV stalls, if required

4. Considerations for grading, if required

5. Equipment specifications and cutsheets

6. Other documents, as required by the public agency, to bid these charging station installation projects or receive permits ii. Conceptual Designs

1. Satellite map site layout showing charger locations and trenching and/or conduit routes

2. Panel schedules, if required

3. 10% design develiment level single-line, if required. e. Contractor shall arrange for a site walk with local agency contact to gather information to complete this task, as necessary.
f. Charging infrastructure project plans will be reviewed by both the participating agency and SVCE and contractor will correct, edit, and amend the plans prior to being finalized.

4. Funding Package Overview
For each project, Contractor shall provide a detailed Funding Package Overview, which includes:

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a. Currently available funding options for both the vehicles and charging infrastructure from relevant state and local agencies, including:
i. The Clean Vehicle Rebate Project
ii. Hybrid and Zero-Emission Truck and Bus Boucher Incentive Project iii. PG&E EV Fleets Program
iv. Bay Area Air Quality Management District
v. Others to be determined.
b. The Overview will include any requirements unique to the funding agency such as vehicle utilization, access, vehicle types or use cases, etc. c. Contractors should seek to opportunities to stack funding, as relevant and allowable, to minimize costs to public agencies.
d. Contractors shall also provide all information to the agencies to minimize effort needed by the fleet managers to apply for funding.
e. The Funding Package Overview for each participating agency shall be reviewed and approved by SVCE before being finalized.

Deliverables
Public Fleet electrification packages, which each include the following elements:

1. Report summarizing baseline data collection, fleet composition or asset lists, etc.

2. Spreadsheet-based model with vehicle replacement plan scenarios, including:
a. Total cost of ownership analysis
b. Replacement timeline
c. Identified vehicles as replacement options

3. Spreadsheet-based model with charging needs assessment, including number and types of charging stations required for an all-electric fleet

5. Basis of Design and Schematic Design construction documents for one project site per fleet

6. Memo summarizing relevant funding program opportunities and “to do” list of information needed to apply for relevant funding programs and important dates and deadlines
Reporting

1. 3 Annual Reports

2. Monthly Progress reports (36)

3. 1 Final Report, including at least 1 case study that highlights an exemplary fleet electrification story

4. 2 Events or Webinars
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Exhibit B
Schedule of Performance
This schedule may be modified with the written approval of the Authority.

Task Begin (months after kick off) Complete

1. Data Collection 1

2. Vehicle Replacement & Procurement Plan and
Energy Needs Assessment
3 3. Charging Infrastructure Project Plan and Site
Designs
3 4. Funding package 4
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Exhibit C
Compensation
Authority shall compensate Consultant for professional services in accordance with the terms and conditions of this Agreement based on the rates and compensation schedule set forth below.

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

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

Task Estimated Budget

1. Fleet Replacement Plan & Energy Needs Assessment $100,000

2. Charging Infrastructure Plan $80,000

3. Site Designs $77,500

4. Project Administration $41,000

5. MISC $1,500
Total $300,000
Rates
Personnel Title Hourly
Byron Pakter Principal, Chief Executive Officer $325
Natalie Hanson Project Manager, Director of Energy Programs $200 Jonathan Whelan Director of Operations $200
Coleman Thompson Energy Analyst $185
Amanda Craparotta Energy Analyst $185
Invoices
Monthly Invoicing: In order to request payment, Consultant shall submit monthly invoices to the Authority describing the services performed and the applicable charges (including a summary of the work performed during that period, personnel who performed the services, hours worked, task(s) for which work was performed). Authority shall pay all undisputed invoice amounts within thirty (30) calendar days after receipt up to the maximum compensation set forth herein. Authority does not pay interest on past due amounts.

Reimbursable Expenses
Administrative, overhead, secretarial time or overtime, word processing, photocopying, in house printing, insurance and other ordinary business expenses are included within the scope of payment DocuSignEnvelopeID:13923C15-D11C-4CF1-8956-1C29CF98CAFE Item 1h
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for services and are not reimbursable expenses. Travel expenses must be authorized in advance in writing by Authority. In no event shall reimbursable expenses collectively exceed the total sum of Three hundred thousand dollars ($300,000).

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Exhibit D
Insurance Requirements and Proof of Insurance
Consultant shall maintain the following minimum insurance coverage:

A. COVERAGE:
(1) Workers' Compensation:

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

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

ISO occurrence Form CG 0001 or equivalent is required.
(3) Automotive:

Comprehensive automotive liability coverage with minimum limits of $1,000,000 per accident for bodily injury and property damage. ISO Form CA 0001 or equivalent is required.
(4) Professional Liability
Professional liability insurance which includes coverage for the professional acts, errors and omissions of Consultant in the amount of at least $1,000,000. (5) Privacy and Cybersecurity Liability
Privacy and cybersecurity liability (including costs arising from data destruction, hacking or intentional breaches, crisis management activity related to data breaches, and legal claims for security breach, privacy violations, and notification costs of at least $5,000,000 US per occurrence.

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Silicon Valley Clean Energy Board of DirectorsFebruary 12, 2025

Silicon Valley Clean Energy Board of Directors
February 12, 2025