Agenda packet — Silicon Valley Clean Energy Board of Directors, June 11, 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).

US: +1 669-219-2599
Webinar ID: 836 4251 0467
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 SILICON VALLEY <3/ CLEAN ENERGY

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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.

Consent Calendar (Action)
1a) Approve Minutes of the May 14, 2025, Board of Directors Meeting 1b) Approve Minutes of the May 14, 2025, Board of Directors Special Meeting
1c) Approve Minutes of the May 29, 2025, Board of Directors Special Meeting
1d) Receive April 2025 Treasurer Report
1e) Authorize the Chief Executive Officer to Approve CC Power’s Annual Budget and Dues in an Amount Not to Exceed $500,000 for CC Power’s Fiscal Year 2025-2026 and Delegate Authority to the Chief Executive Officer to Enter Agreements Using Approved Funds
1f) Authorize the Chief Executive Officer to Execute Agreement with the Building Decarbonization Coalition for Support with Event Strategy, Planning and Implementation Services and the Neighborhood Electrification Program in an Amount Not-to-Exceed $400,000 Over Two Years
1g) Approve Member Agency Support Programs Budget Consolidation 1h) Receive 2024 Silicon Valley Clean Energy and Electrification Awareness Residential Customer Survey Results
1i) Authorize the Chief Executive Officer to Execute First Amendment to the Bellawatt Inc., SVCE eHub and Appliances Assistant Agreement to Add

SILICON VALLEY

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
$223,000 for a New Customer Rate Tool, for a New Not-to-Exceed Amount of $890,500 through 2027
1j) Receive Executive Committee Report
1k) Receive 2025 Legislative Response to Industry Transition Ad Hoc Committee Report
1l) Receive Finance and Administration Committee Report 1m) Receive Audit Committee Report
1n) Receive California Community Power Report
Regular Calendar
2) CEO Report (Informational)
3) Adopt Resolution to Authorize the Chief Executive Officer to Approve or Execute Agreements with Firms Providing Services to Initiate Silicon Valley Clean Energy to Execute its Fourth Prepay (Action) 4) Results of Stress Test Analyses (Discussion)
5) Authorize the Chief Executive Officer to Execute Agreement for Planning, Architecture, & Design Services for Silicon Valley Clean Energy Headquarters (Action)
6) Local Agency Action Planning (Informational)
Board Member Announcements and Direction on Future Agenda Items Adjourn
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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

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Silicon Valley Clean Energy Authority
Board of Directors Meeting
Wednesday, May 14, 2025
7:00 pm
Cupertino Community Hall
10350 Torre Avenue
Cupertino, CA
Monte Sereno Council Chambers
18041 Saratoga-Los Gatos Road
Monte Sereno, CA

DRAFT MEETING MINUTES
Call to Order:

Chair Tyson called the meeting to order at 7:05 p.m.

Roll Call

Present:

George Tyson (Chair), Los Altos Hills
Larry Klein (Vice Chair), Sunnyvale
Elliot Scozzola, Campbell
J.R. Fruen, Cupertino
Sally Meadows, Los Altos
Maria Ristow, Los Gatos (arrived at 7:09 p.m.)
Bryan Mekechuk, Monte Sereno (participated remotely)
Pat Showalter, Mountain View
Otto Lee, Santa Clara County
Tina Walia, Saratoga

Absent:

Zach Hilton, Gilroy
Garry Barbadillo, Milpitas
Yvonne Martinez Beltran, Morgan Hill
A quorum was present.

Public Comment on Matters Not Listed on the Agenda
No speakers.

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 April 9, 2025, Board of Directors Meeting 1b) Receive March 2025 Treasurer Report
Item 1a Draft Minutes: 5/14/25 BOD Regular Meeting
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1c) Adopt Resolution Amending SVCE Conflict of Interest Code to Remove and Retitle Decarbonization Programs & Policy Positions and Add Senior Regulatory Analyst & Associate General Counsel and Senior Data Engineer as Designated Positions for Filing Statements of Economic Interests
1d) Approve Real Time Pricing Rate for Compliance
1e) Authorize the Chief Executive Officer to Execute a Three-Year Agreement with Strategic Energy Innovations to Host Climate Corps Fellows for the 2025-2028 Fellowship Cycles for a Not to Exceed Amount of $750,000
1f) Receive March 2025 Decarbonization Strategy and Programs Quarterly Report 1g) Receive Updates to E-TOU-C Summer Rates
1h) Receive Executive Committee Report
1i) Receive Additional Committees Report
1j) Receive California Community Power Report
MOTION: Director Lee moved and Vice Chair Klein seconded the motion to approve the Consent Calendar, Items 1a through 1j.

The motion carried by verbal roll call vote with Directors Hilton, Barbadillo, Martinez Beltran, and Alternate Director Ristow absent.

Regular Calendar
2) CEO Report (Discussion)
Alternate Director Ristow arrived at 7:09 pm during Item 2.

CEO Monica Padilla addressed the following in her report:
1) Staff promotion announcement for Sangeetha Kumar, Senior Data Engineer, who was promoted from Data Engineer to Senior Data Engineer;
2) An update on the Federal Budget Reconciliation package and the California state budget from Bena Chang, Director of Government and Legislative Affairs; 3) Invitation to a 2025 Building Codes event scheduled for May 29, 2025 at the Ameswell Hotel in Mountain View from 6:00 pm to 8:00 pm;
4) A recap from the Board of Directors Special Meeting held earlier in the evening on the design and building phases of SVCE Headquarters; and
5) Highlights and photos from SVCE’s April events which included:
• Hanford Hybrid Battery Project ribbon-cutting event;
• CalCCA Annual Conference in Irvine, CA; and
• Earth Day events hosted in partnership with SVCE local agencies Staff responded to comments and questions on the legislative update, and a request to provide additional information on the state Cap and Invest program.

Directors commented on the various events mentioned and provided supportive comments to SVCE staff regarding their participation in Earth Day community events.

Chair Tyson opened Public Comment.

No speakers.

Item 1a Draft Minutes: 5/14/25 BOD Regular Meeting

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Chair Tyson closed Public Comment.
3) Authorize the Chief Executive Officer to Execute Two 10-Year Power Purchase Agreements with SunZia Wind South LLC and SunZia Wind North LLC (Action) Britta Bradshaw, Power Resources Manager, presented a request for the CEO to execute two agreements with SunZia Wind South LLC and SunZia Wind North LLC for the procurement of renewable wind energy in substantial form and any necessary ancillary agreements and documents as follows:

1. SunZia Wind South LLC
a) 17.25 MegaWatt (MW) or approximately 55,000 MWh per year b) 10-Year term power purchase agreement (PPA) with expected commercial operation dates (COD) and term from June 1, 2026 through May 31, 2026 c) Total amount not-to-exceed $58,000,000.

2. SunZia Wind North LLC
a) 7.75 MW or approximately 25,000 MWh per year
b) 10-Year term PPA with expected COD and term from June 1, 2026 through May 31, 2036 c) Total amount not-to-exceed $26,000,000.

The presentation included a summary of SVCE’s executed long-term PPAs, summer 2024 procurement efforts, information on SunZia Wind South LLC and SunZia Wind North LLC, SVCE’s annual renewable portfolio standard (RPS) progress, information on compliance with the long-term RPS procurement mandate, and a summary of the energy and reliability portfolio.

Staff responded to questions and comments regarding the duration of existing SunZia Wind contracts, cost comparison, battery storage, and potential future acquisition of offshore wind and geothermal energy.

Chair Tyson opened Public Comment.

No speakers.

Chair Tyson closed Public Comment.

MOTION: Director Lee moved and Vice Chair Klein seconded the motion to authorize the CEO to execute two 10-year power purchase agreements with SunZia Wind South LLC and SunZia Wind North LLC.

The motion carried by verbal roll call vote with Directors Hilton, Barbadillo and Martinez Beltran absent.
4) Adopt Resolution Authorizing the Chief Executive Officer to Execute a Main Services Agreement with Lunar Energy for a Distributed Energy Resources Management System (DERMS) and Related Customer Demand Flexibility Services (Action) Don Bray, Director of Strategic Development, Joseph Lande, Energy Services Manager, and Colton Heath, Trading Planner, presented a request for the Board of Directors to authorize the CEO to negotiate and execute an agreement with Lunar Energy for a Distributed Energy Resource Management (DERMS) software platform and related services. Staff’s presentation included information on the following:
• The benefits and value of demand flexibility;
• SVCE’s demand flexibility goals;
• Definition of a DERMS;
• SVCE and Peninsula Clean Energy’s RFP for DERMS software as a service platform and an outline of implementation phases, which consisted of the following two parts:

Item 1a Draft Minutes: 5/14/25 BOD Regular Meeting

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• Part 1 – Implementation of DERMS software as a service platform, and enrollment of approximately 5MW of demand flexibility capacity from existing resources in SBCE’s service area in 2026.
• Part 2 – Programs for enrollment and management of approximately 25MW of new demand flexibility capacity by 2030, from batteries, commercial buildings, thermostats and HPWH; and
• Background information on the recommended vendor, Lunar Energy.

Staff responded to questions and comments regarding features of DERMS software as a service platform, similar DERMS contracts with local CCAs, residential battery storage capabilities and future customer incentives.

Board members provided supportive comments regarding demand flexibility opportunities and recognition of local innovation efforts in the clean energy sector.

Chair Tyson opened Public Comment.

Bruce Karney, Mountain View resident, addressed the CAISO Wholesale Energy Prices graph on slide three of staff’s presentation, commented on the existing transition distribution system and future grid demands and cost, and provided supportive comments regarding the future implementation of a DERMS software platform.

Chair Tyson closed Public Comment.

MOTION: Director Walia moved and Director Showalter seconded the motion to Adopt Resolution 2025-11 Authorizing the Chief Executive Officer to Execute a Main Services Agreement with Lunar Energy for a Distributed Energy Resources Management System (DERMS) and Related Customer Demand Flexibility Services.

The motion carried by verbal roll call vote with Directors Hilton, Barbadillo and Martinez Beltran absent.
5) Adopt Resolution to End SVCE’s “E-ELEC 1.0” Electrification Discount Rate Pilot Program and Establish the “E-ELEC 2.0” Rate Pilot Program with Dedicated Funding (Action) Peter Mustacich, Technical Manager of Decarbonization Planning and Strategy, and Michaela Pippin, Communications Manager, presented a request for the Board of Directors to approve ending the current E-ELEC 1.0 Rate Pilot Program associated rate schedule effective July 1, 2025 and adopt the E-ELEC

2.0 Rate Pilot Program and associated rate schedule with a budget of $3.5M. The presentation included information on:
• Time-of-Use (TOU) rates;
• Learnings from the E-ELEC 1.0 Rate Pilot Program;
• Introduction of the E-ELEC 2.0 Rate Pilot Program; and, • E-ELEC 2.0 pilot program budget and timeline.

Staff responded to questions regarding customer enrollment flexibility, notifications regarding enrollment, the proposed E-ELEC 2.0 rate structure and affordability, communication ideas, heat pump installation requirements, and SVCE’s efforts to increase customer interaction and education of the E-ELEC 2.0 rate pilot program.

Chair Tyson opened Public Comment.

Bruce Karney, Mountain View resident and E-ELEC 1.0 customer, commented on the proposed transition from E-ELEC 1.0 to E-ELEC 2.0 and its impact, suggested an alternative approach to end the E-ELEC Item 1a Draft Minutes: 5/14/25 BOD Regular Meeting

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1.0 pilot at a later time when E-ELEC 2.0 is closer to launching, and allowing time for early customer notification of the program’s transition.

Chair Tyson closed Public Comment.

Director Mekechuk provided a comment regarding customer enrollment restrictions of the E-ELEC 1.0 and 2.0 rate pilot programs and inability to participate.

MOTION: Director Scozzola moved and Director Walia seconded the motion to Adopt Resolution 2025-12 to End SVCE’s “E-ELEC 1.0” Electrification Discount Rate Pilot Program and Establish the “E-ELEC 2.0” Rate Pilot Program with Dedicated Funding.

The motion carried by verbal roll call vote with Directors Hilton, Barbadillo and Martinez Beltran absent, and Director Mekechuk abstaining.
6) Approve Formation of Ad Hoc Committee to Propose Amendments to Silicon Valley Clean Energy’s Operating Rules and Regulations (Action)
Chair Tyson provided an overview of a request for the Board to consider the formation of a three-person Ad Hoc Subcommittee, comprised of Board Chair Tyson, Vice Chair Klein, and Director Showalter, to review and propose amendments to Silicon Valley Clean Energy’s Operating Rules and Regulations.

Chair Tyson noted the Ad Hoc Committee would report back to the Executive Committee and Board with recommendations.

Directors provided supportive comments regarding the formation of an ad hoc committee and the importance of good governance.

Chair Tyson opened Public Comment.

No speakers.

Chair Tyson closed Public Comment.

MOTION: Director Mekechuk moved and Vice Chair Klein seconded the motion to approve the formation of an Ad Hoc Committee, made up of Chair Tyson, Vice Chair Klein, and Director Showalter, to propose amendments to Silicon Valley Clean Energy’s Operating Rules and Regulations.

The motion carried by verbal roll call vote with Directors Hilton, Barbadillo and Martinez Beltran absent.

CEO Padilla commented support on the formation of the Ad Hoc Committee, noting staff would also be looking at the Operating Rules and Regulations for opportunities for improvement, and would work with the Ad Hoc Committee in proposing amendments.

Board Member Announcements and Future Agenda Items
Director Lee requested information regarding SVCE’s electric yard care equipment rebate programs; staff responded to the request with information on SVCE’s eHub appliance marketplace electric yard care instant rebate promotion. Staff noted they would follow up on the timing of the promotion.

Adjourn
Chair Tyson adjourned the meeting at 8:57 p.m.

ATTEST:
_____________________________
Andrea Pizano, Board Secretary
Item 1a Draft Minutes: 5/14/25 BOD Regular Meeting

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Silicon Valley Clean Energy Authority
Board of Directors Special Meeting
Wednesday, May 14, 2025
4:00 pm
298 South Sunnyvale Avenue
Sunnyvale, CA

DRAFT MEETING MINUTES
Call to Order:

Chair Tyson called the meeting to order at 4:10 p.m.

Roll Call

Present:

Directors
George Tyson (Chair), Los Altos Hills
Larry Klein (Vice Chair), Sunnyvale
Elliot Scozzola, Campbell
J.R. Fruen, Cupertino (arrived at 4:27 p.m.)
Sally Meadows, Los Altos
Bryan Mekechuk, Monte Sereno (arrived at 4:29 p.m.)
Yvonne Martinez Beltran, Morgan Hill
Pat Showalter, Mountain View (arrived at 4:11 p.m.)
Otto Lee, Santa Clara
Tina Walia, Saratoga
Alternate Directors
Chris Clark, Mountain View
Linda Swan, Los Altos Hills
Murali Srinivasan, Sunnyvale

Absent:

Directors
Zach Hilton, Gilroy
Rob Rennie, Los Gatos
Garry Barbadillo, Milpitas
Alternate Directors
Sergio Lopez, Campbell
Sheila Mohan, Cupertino
Tom Cline, Gilroy
Pete Dailey, Los Altos
Maria Ristow, Los Gatos
Evelyn Chua, Milpitas
Javed Ellahie, Monte Sereno
Tanya Carothers, Morgan Hill
Belal Aftab, Saratoga
Margaret Abe-Koga, Santa Clara County
Item 1b Draft Minutes: 5/14/25 BOD Special Meeting
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Public Comment on Matters Not Listed on the Agenda
No speakers.

Regular Calendar
1) New SVCE Headquarters Board of Directors Feedback Workshop (Discussion) Staff presented an overview of the new SVCE Headquarters building and led the group through two exercises to gather feedback and ideas on two topics: 1) input on the future Board Chambers and 2) policy direction on the benefits attendees would like prioritized in the future community space. Attendees shared ideas identified within their groups and to the room. Additional ideas were shared on the potential benefits of the future community space.

Chair Tyson opened Public Comment.

Bruce Karney, Mountain View resident, provided a suggestion to create a satellite area in South County to allow residents throughout SVCE’s territory to experience a similar community space offering.

Chair Tyson closed Public Comment.

Alternate Director Chris Cline left the meeting at 5:32 p.m.

Director Martinez Beltran left the meeting at 5:35 p.m.

Staff concluded the item with a review of next steps that included presenting a summary of the key takeaways from the workshop at the May Executive Committee meeting and seeking board approval in June for contract(s) with an architect/designer and contractor.

Adjourn
Chair Tyson adjourned the meeting at 5:43 p.m.

ATTEST:
_____________________________
Andrea Pizano, Board Secretary
Item 1b Draft Minutes: 5/14/25 BOD Special Meeting

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Silicon Valley Clean Energy Authority
Board of Directors Special Meeting
Thursday, May 29, 2025
6:00 pm
Ameswell Hotel
800 Moffett Boulevard
Mountain View, CA

DRAFT MEETING MINUTES
Call to Order:

Chair Tyson called the meeting to order at 6:05 p.m.

Verification of Meeting Quorum

Present:

Directors
George Tyson (Chair), Los Altos Hills
Larry Klein (Vice Chair), Sunnyvale
Elliot Scozzola, Campbell
Sally Meadows, Los Altos
Pat Showalter, Mountain View
Otto Lee, Santa Clara (arrived at 6:41 p.m.)
Tina Walia, Saratoga
Alternate Directors
Sergio Lopez, Campbell
Linda Swan, Los Altos Hills
Maria Ristow, Los Gatos
Javed Ellahie, Monte Sereno (arrived at 6:10 p.m.)
Chris Clark, Mountain View (arrived during Item 1)

Absent:

Directors
J.R. Fruen, Cupertino
Zach Hilton, Gilroy
Rob Rennie, Los Gatos
Garry Barbadillo, Milpitas
Bryan Mekechuk, Monte Sereno
Yvonne Martinez Beltran, Morgan Hill
Alternate Directors
Sheila Mohan, Cupertino
Tom Cline, Gilroy
Pete Dailey, Los Altos
Evelyn Chua, Milpitas
Tanya Carothers, Morgan Hill
Belal Aftab, Saratoga
Margaret Abe-Koga, Santa Clara County
Murali Srinivasan, Sunnyvale
Item 1c Draft Minutes: 5/29/25 BOD Special Meeting
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Public Comment on Matters Not Listed on the Agenda
No speakers.

Recess for Dinner
Board members recessed for dinner at 6:10 p.m.
7 P.M. Regular Calendar
1) 2025 Local Energy Codes: Maintaining Momentum in Uncertain Times (Discussion) The meeting was reconvened at 7:00 p.m.

The Welcome Address was provided by Silicon Valley Clean Energy (SVCE) Chair George Tyson and Peninsula Clean Energy (PCE) Vice Chair Marty Medina.

Commissioner J. Andrew McAllister, California Energy Commission, provided the keynote address.

Jonny Kocher, Manager, RMI; Larry Waters, CEO and Founder, Electrify My Home; and Tom White, Eden Housing, spoke on a panel discussing building electrification.

Farhad Farahmand, PE, Director of Research and Consulting, TRC addressed existing building reach codes.

Chair Tyson opened Public Comment.

No speakers.

Chair Tyson closed Public Comment.

Monica Padilla, SVCE CEO, provided closing remarks.

Adjourn
Chair Tyson adjourned the meeting at 8:34 p.m.

ATTEST:
_____________________________
Andrea Pizano, Board Secretary
Item 1c Draft Minutes: 5/29/25 BOD Special Meeting
1 TREASURER REPORT
Fiscal Year to Date
As of April 30, 2025
(Preliminary & Unaudited)
Issue Date: June 11, 2025
Table of Contents

Page
Summary 2
Statement of Net Position 3
Statement of Revenues, Expenses & Changes in Net Position 4 Statement of Cash Flows 5-6
Actuals to Budget Report 7-10
Monthly Change in Net Position 11
Investments Report 12
Customer Accounts and Aging Report 13
Certificate of Compliance 14
SVCE Managed Account & Security Transactions 15-26
Item 1b April 2025 Treasurer Report
©

SILICONVALLEY

CLEAN ENERGY
2

Page 2 ends

Balance Sheet Highlights:
> SVCE operations resulted in a change in net position of $6.8 million for the month of April and $66.9 million for fiscal-year-to-date (FYTD).* > Total Net Position increased further to $552.1 million. > SVCE is investing ~97.5% of available funds, recognizing interest/dividend income of $13.1M FYTD. *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* 537.5 M
Total Interest/Div. Earned FYTD 13.1 M
Average Yield to Maturity** 4.29%
* Includes River Bank accounts - Money Market, Collateral and ICS; CAMP; PFM Portfolio ** Average annualized yield for the current month. Investment yields are measured to maturity at market.

SILICON VALLEY CLEAN ENERGY AUTHORITY
Financial Statement Highlights* ($ in millions)
April 30, 2025
498.0 M
552.1 M
0 M
100 M
200 M
300 M
400 M
500 M
600 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) Mid-Year Budget (Left Y-Axis)** Actual (Left Y-Axes) 408 415 427 432 430 435 441
300 305 319 324 333 339 346
500
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
$13.1 M

1.9 M

1.8 M 2.0 M

2.0 M

2.0 M 1.8 M 1.9 M

0.4 M

1.7 M 1.7 M

2.1 M

2.6 M

2.0 M

2.6 M

0.0 M

2.0 M

4.0 M

6.0 M

8.0 M

10.0 M

12.0 M

14.0 M

16.0 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 Mid-Year Budget Actual and Accrued Cash Basis Accounting Returns 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, 2024-January, 2025 results are updated per the Mid-Year budget revisions adopted in March 2025. * Accounting returns investment of income includes unrealized mark-to-market gain or loss of the total investment portfolio as per US GAAP, Actual and Accrued Cash Basis excludes mark-to-market gains (losses).

Item 1b April 2025 Treasurer Report
111111

I II IIII
..lllllllllllll I III
3 Current Assets
Cash & Cash Equivalents* $ 282,721,544
Accounts Receivable, net of allowance 28,544,116
Investments 61,545,160
Accrued Revenue 21,212,256
Other Receivables 7,605,031
Prepaid Expenses 1,406,924
Deposits 735,560
Total Current Assets 403,770,591
Noncurrent assets
Capital assets, net of depreciation 12,242,716
Investments** 210,791,200
Deposits
Total Noncurrent Assets 223,033,916
Total Assets 626,804,507
Current Liabilities
Accounts Payable 2,467,203
Accrued Cost of Electricity 44,696,217
Other accrued liabilities 2,995,585
User Taxes and Energy Surcharges due to other gov'ts 1,014,809 Supplier security deposits 225,000
Lease liability 94,331
Total Current Liabilities 51,493,145
Noncurrent Liabilities
Supplier security deposits 23,228,125
Total noncurrent liabilities 23,228,125
Total Liabilities 74,721,270
Net investment in capital assets 12,148,385
Unrestricted (deficit) 539,934,852
Total Net Position $ 552,083,237
* 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 April 30, 2025
ASSETS

LIABILITIES
Item 1b April 2025 Treasurer Report
4 OPERATING REVENUES
Electricity Sales, Net $ 257,838,083
GreenPrime electricity premium 1,352,867
Liquidated damages 7,573,869
TOTAL OPERATING REVENUES 266,764,819

OPERATING EXPENSES
Cost of Electricity 190,856,065
Contract services 8,102,159
Staff compensation and benefits 8,572,556
Other operating expenses 5,000,697
Depreciation 463,961
TOTAL OPERATING EXPENSES 212,995,438
OPERATING INCOME(LOSS) 53,769,381

NONOPERATING REVENUES (EXPENSES)
Investment Income 13,122,003
Financing costs (5,021)
TOTAL NONOPERATING REVENUES (EXPENSES) 13,116,982
CHANGE IN NET POSITION 66,886,363
Net Position at beginning of period 485,196,874
Net Position at end of period $ 552,083,237

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES
October 1, 2024 through April 30, 2025

AND CHANGES IN NET POSITION
Item 1b April 2025 Treasurer Report
5 CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $ 286,743,692
Receipts of liquidated damages 7,573,869
Receipts of security deposits 24,215,123
Payments of security deposits (2,700,000)
Payments to suppliers for electricity (216,250,918)
Payments for other goods and services (12,898,523)
Payments for staff compensation and benefits (8,155,350) Tax and surcharge payments to other governments (5,336,450) Net cash provided (used) by operating activities 73,191,443

CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Finance costs paid (1,719)
Net cash provided (used) by financing activities (1,719)

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Payments of lease liability (311,710)
Acquisition of capital assets (11,728,699)
Net cash provided (used) by capital and related
financing activities (12,040,409)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investments (144,771,239)
Proceeds from investment sales 92,861,837
Investment income received 12,007,759
Net cash provided (used) by investing activities (39,901,643) Net change in cash and cash equivalents 21,247,672
Cash and cash equivalents at beginning of year 261,473,872 Cash and cash equivalents at end of period $ 282,721,544

NONCASH INVESTING ACTIVITIES
Unrealized appreciation (depreciation) and timing differences in investment income$ 1,114,244

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF CASH FLOWS
October 1, 2024 through April 30, 2025
Item 1b April 2025 Treasurer Report
6 Operating Income (loss) $ 53,769,381
Adjustments to reconcile operating income to net cash
provided (used) by operating activities
Depreciation expense 463,961
(Increase) decrease in accounts receivable 14,517,329
(Increase) decrease in other receivables 8,563,291
(Increase) decrease in accrued revenue 8,367,229
(Increase) decrease in prepaid expenses (780,595)
(Increase) decrease in current deposits 35,419
Increase (decrease) in accounts payable 697,138
Increase (decrease) in accrued cost of electricity (19,737,735) Increase (decrease) in accrued liabilities 185,541
Increase (decrease) in taxes and surcharges due to other governments (664,516) Increase (decrease) in supplier security deposits 7,775,000 Net cash provided (used) by operating activities $ 73,191,443

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET

CASH PROVIDED (USED) BY OPERATING ACTIVITIES

SILICON VALLEY CLEAN ENERGY AUTHORITY
STATEMENT OF CASH FLOWS (Continued)
October 1, 2024 through April 30, 2025
Item 1b April 2025 Treasurer Report
7 $277,974,092
FYTD FYTD FY 2024-25 FY 2024-25
OPERATING REVENUES Actual Mid-Year Budget $ % Mid-Year Budget Remaining Budget Energy Sales $257,830,901 $277,974,092 * -$20,143,191 -7% $521,650,000 * $263,819,099 Green Prime Premium 1,352,867 840,159 * $512,708 61% $1,884,000 * 531,133 Other Income 7,581,051 * 7,581,051 n/a * (7,581,051)
TOTAL OPERATING REVENUES 266,764,819 278,814,250 (12,049,431) -4% 523,534,000 256,769,181

ENERGY EXPENSES
Power Supply 190,856,065 204,183,747 (13,327,682) -7% 349,478,000 158,621,935 Operating Margin 75,908,754 74,630,503 1,278,251 2% 174,056,000 98,147,246 28% 27%

OPERATING EXPENSES
Data Management 1,949,590 2,028,147 (78,557) -4% 3,549,000 1,599,410 PG&E Fees 699,026 840,728 (141,702) -17% 1,516,000 816,974 Salaries & Benefits 8,572,556 10,464,331 (1,891,775) -18% 18,805,000 10,232,444 Professional Services 2,353,493 4,059,696 (1,706,203) -42% 7,797,000 5,443,507 Marketing & Promotions 484,745 926,015 (441,270) -48% 1,885,000 1,400,255 General & Administrative 2,143,394 3,055,693 (912,299) -30% 5,733,000 3,589,606 TOTAL OPERATING EXPENSES 16,202,804 21,374,610 (5,171,806) -24% 39,285,000 23,082,196 OPERATING INCOME/(LOSS) 59,705,950 53,255,893 6,450,057 12% 134,771,000 75,065,050

NON-OPERATING REVENUES
Investment Income 13,122,003 10,937,865 2,184,138 20% 19,756,000 6,633,997 TOTAL NON-OPERATING REVENUES 13,122,003 10,937,865 2,184,138 20% 19,756,000 6,633,997

NON-OPERATING EXPENSES
Financing 1,720 6,496 (4,776) -74% 12,000 10,280

CAPITAL EXPENDITURES, TRANSFERS,
& OTHER
Capital Outlay 6,361 29,167 (22,806) -78% 50,000 43,639 One-Time Customer Bill Credit - - - n/a 35,000,000 35,000,000 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 (310,125) - (310,125) n/a - 310,125 Transfer from CRCR Fund - customer bill relief (2,796,498) - (2,796,498) n/a - 2,796,498 TOTAL OTHER USES 18,307,738 21,437,167 (3,129,429) -15% 56,458,000 38,150,262

NET INCREASE(DECREASE) IN AVAILABLE
FUND BALANCE $ 54,518,495 $ 42,750,095 $ 11,768,400 28% $98,057,000 $43,538,505 * While the Total Operating Revenues were correctly modeled, the Mid-Year budget incorrectly included actual revenues from Oct-Dec 2024 of $0.6 million from Green Prime Premium and $2.8 million from Other Income in the Energy Sales category. The breakdown of the budgeted Total Operating Revenues among Energy Sales, Green Prime Premium, and Other Income is shown according to the approved Mid-Year budget.

Variance

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through April 30, 2025
Item 1b April 2025 Treasurer Report
8 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 17,552,064 5,184,570 12,367,494 29.5% Net increase (decrease) in fund balance $ (7,022,064) $5,345,430 Fund balance at beginning of period 77,436,658
Fund balance at end of period $82,782,088

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 4,411,000 2,796,498 1,614,502 63.4% Other program expenditures 825,000 526,637 298,363 63.8% Total Program expenditures 5,236,000 3,323,135 1,912,865 Net increase (decrease) in fund balance $ 134,000 2,046,865 Fund balance at beginning of period 5,437,984
Fund balance at end of period $7,484,849

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through April 30, 2025

CUSTOMER RELIEF & COMMUNITY RESILIENCY FUND

GENERAL PROGRAM FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through April 30, 2025
BUDGET
BUDGET
Item 1b April 2025 Treasurer Report
9 BUDGET ACTUAL/
REVENUE & OTHER SOURCES: BUDGET ACTUAL REMAINING BUDGET Transfer from Operating Fund $ - $ - $ - n/a
EXPENDITURES & OTHER USES:

Program expenditures 850,000 310,125 539,875 36.5%
Net increase (decrease) in fund balance $ (850,000) (310,125) Fund balance at beginning of period 9,159,383
Fund balance at end of period $8,849,258

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

Capital outlay - 11,505,531 (11,505,531)
Other program expenditures 73,111
11,578,642
Net increase (decrease) in fund balance $ - (11,578,642) Fund balance at beginning of period 20,000,000
Fund balance at end of period $8,421,358

BUILDING FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through April 30, 2025

ELECTRIFICATION DISCOUNT FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2024 through April 30, 2025
Item 1b April 2025 Treasurer Report
10 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 April 30, 2025
Item 1b April 2025 Treasurer Report
11 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 $ 37,228,673 $ 35,529,828 $ 34,904,798 $ 31,391,510 $ - $ - $ - $ - $ - $ 257,838,083 Green electricity premium $ 216,009 $ 177,897 $ 192,481 $ 188,052 $ 178,307 $ 193,727 $ 206,394 $ - $ - $ - $ - $ - 1,352,867 Liquidated damages $ 2,400,000 $ 404,610 $ - $ - $ 4,769,259 $ - $ - $ - $ - $ - $ - $ - 7,573,869 Other Income $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - - Total operating revenues 44,888,270 36,649,471 40,636,530 37,416,725 40,477,394 35,098,525 31,597,904 - - - - - 266,764,819

OPERATING EXPENSES
Cost of electricity 29,690,455 $ 23,435,665 $ 24,597,864 $ 30,250,162 $ 31,366,058 $ 27,919,533 $ 23,596,328 $ - $ - $ - $ - $ - 190,856,065 Staff compensation and benefits 1,153,708 $ 1,135,297 $ 1,503,015 $ 1,268,232 $ 1,111,324 $ 1,224,232 $ 1,176,748 $ - $ - $ - $ - $ - 8,572,556 Data manager 270,465 $ 270,551 $ 270,449 $ 271,060 $ 271,407 $ 297,492 $ 298,166 $ - $ - $ - $ - $ - 1,949,590 Service fees - PG&E 100,000 $ 96,085 $ 104,098 $ 99,430 $ 99,450 $ 99,963 $ 100,000 $ - $ - $ - $ - $ - 699,026 Consultants and other professional fees 806,956 $ 771,641 $ 713,688 $ 488,719 $ 758,117 $ 686,305 $ 1,228,117 $ - $ - $ - $ - $ - 5,453,543 Other operating expenses 462,895 $ 852,622 $ 1,008,087 $ 522,513 $ 628,025 $ 686,023 $ 840,532 $ - $ - $ - $ - $ - 5,000,697 Depreciation 53,537 $ 53,341 $ 65,816 $ 65,817 $ 65,679 $ 79,983 $ 79,788 $ - $ - $ - $ - $ - 463,961 Total operating expenses 32,538,016 26,615,202 28,263,017 32,965,933 34,300,060 30,993,531 27,319,679 - - - - - 212,995,438 Operating income (loss) 12,350,254 10,034,269 12,373,513 4,450,792 6,177,334 4,104,994 4,278,225 - - - - - 53,769,381

NONOPERATING REVENUES (EXPENSES)
Grant income - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - - Interest income 428,694 $ 1,712,666 $ 1,742,311 $ 2,102,525 $ 2,556,286 $ 2,024,762 $ 2,554,759 $ - $ - $ - $ - $ - 13,122,003 Financing costs (701) $ (625) $ (549) $ (472) $ (2,125) $ (308) $ (241) $ - $ - $ - $ - $ - (5,021) Total nonoperating revenues (expenses) 427,993 1,712,041 1,741,762 2,102,053 2,554,161 2,024,454 2,554,518 - - - - - 13,116,982 CHANGE IN NET POSITION $ 12,778,247 $ 11,746,310 $ 14,115,275 $ 6,552,845 $ 8,731,495 $ 6,129,448 $ 6,832,743 $ - $ - $ - $ - $ - $ 66,886,363

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN NET POSITION
October 1, 2024 through April 30, 2025
Item 1b April 2025 Treasurer Report
12 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 $ 23,794,276 $ 27,049,188 $ 42,937,816 $ 45,927,353 California Asset Management Program (CAMP) $ 206,767,899 $ 229,607,825 $ 216,507,939 $ 249,409,396 $ 240,227,528 $ 233,113,584 $ 233,966,069 PFM Asset Management Investment Portfolio $ 281,807,003 $ 270,469,593 $ 271,357,416 $ 273,147,693 $ 276,597,488 $ 275,221,074 $ 277,682,923 Total Ending Balance $ 521,938,658 $ 528,639,108 $ 536,751,338 $ 546,351,364 $ 543,874,204 $ 551,272,475 $ 557,576,345 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% 4.53% 4.42% 4.39% 4.36% California Asset Management Program (CAMP) 5.03% 4.87% 4.73% 4.55% 4.51% 4.47% 4.45% PFM Asset Management Investment Portfolio * 4.45% 4.45% 4.45% 4.40% 4.33% 4.25% 4.14% Average Return On Investments: 4.69% 4.64% 4.57% 4.47% 4.41% 4.35% 4.29% * Yield to Maturity at Market.

Accounting Returns Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts $ 14,385 $ 26,036 $ 36,682 $ 38,759 $ 20,782 $ 21,676 $ 25,765 California Asset Management Program (CAMP) $ 908,552 $ 839,926 $ 900,114 $ 901,457 $ 818,132 $ 886,056 $ 852,485 Other Interest Income $ 4,447 $ 2,470 $ 2,313 $ 2,322 $ 2,242 $ 2,020 $ 2,181 PFM Asset Management Investment Portfolio * $ (498,690) $ 844,234 $ 803,202 $ 1,159,987 $ 1,715,130 $ 1,115,010 $ 1,674,328 Total Interest and Investment Gains $ 428,694 $ 1,712,666 $ 1,742,311 $ 2,102,525 $ 2,556,286 $ 2,024,762 $ 2,554,758 * Includes change in current market value (month over month), accrued interest and money market dividends (as per US GAAP).

Actual and Accrued Cash Basis Returns Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts $ 14,385 $ 26,036 $ 36,682 $ 38,759 $ 20,782 $ 21,676 $ 25,765 Camp Pool Composition (based on market value): $ 908,552 $ 839,926 $ 900,114 $ 901,457 $ 818,132 $ 886,056 $ 852,485 Other Interest Income $ 4,447 $ 2,470 $ 2,313 $ 2,322 $ 2,242 $ 2,020 $ 2,181 PFM Asset Management Investment Portfolio * $ 945,927 $ 954,874 $ 1,046,439 $ 1,048,124 $ 1,144,192 $ 895,923 $ 1,043,886 Total Interest and Investment Gains $ 1,873,311 $ 1,823,305 $ 1,985,548 $ 1,990,662 $ 1,985,349 $ 1,805,676 $ 1,924,316 * Includes interest/dividends/coupons received, net realized gains/losses and monthly change in accrued interest.

CAMP Portfolio Statistics
As of April 30, 2025
Beginning of the Month Market Value $ 233,113,584
Ending of The Month Market Value $ 233,966,069
Monthly Distribution Yield 4.45% Weighted Average Maturity (days) 44 PFM Portfolio Statistics
As of April 30, 2025
Portfolio Par Value $ 275,720,558
Portfolio Market Value (icl. Accrued Interest) $ 277,682,923 Yield to Maturity at Cost 4.53%
Yield to Maturity at Market 4.14%
Benchmark Yield* 3.77%
Portfolio Effective Duration (years) 1.34 Weighted Average Maturity (days) 663 *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 April 30, 2025

12.67%

10.96%

34.49% 33.80%

4.94%

3.14%

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
35% Commercial
Paper
10%
CAMP Pool
1%
Federal Agency
Commercial
8%
Supra-National
Agency
0%
Corp. & Bank Notes
23% Certificate of Deposit
4%
Asset-Backed
Security
19%
SVCE PFM Portfolio Investments
Repurchase
Agreements,

35.2%
Certificates of
Deposit, 29.5%
Commercial
Paper, 34.0%
Bank Note,

0.4%
Money Market
Funds, 0.1%
Corporate
Notes, 0.8%
Camp Pool Composition (based on market value)
Item 1b April 2025 Treasurer Report
1 3
October November December January February March April May June July August September YTD Retail Sales Actual (GWh) 338.0 306.3 334.6 341.1 312.1 329.2 305.1 2,266 Retail Sales MY Budget (GWh) 338.0 306.3 334.6 363.3 341.8 326.0 310.5 310.3 323.6 342.9 348.8 344.1 2,321 Load deviation from the Budget (Right Y-Axes)0.0% 0.0% 0.0% -6.1% -8.7% 1.0% -1.7% -2.3% Customer Participation Rate Res 96.1% 96.1% 96.2% 96.1% 96.2% 96.2% 96.2% Customer Participation Rate Com 96.5% 96.5% 96.4% 96.5% 96.2% 96.4% 96.5% Total Accounts 281,658 282,096 281,927 281,940 282,098 282,423 282,833 282,833 Opt-Out Accounts 41 25 31 66 42 40 50 295
Opt-Up Accounts -7 17 -23 -9 8 -11 -8 -33

0.06 21.61
SVCE Arrearager Total for customers 31+ days late and 120+ days late Age Summary (as of 5/1/2025) Date Amount
<30 days $25,076,737 High 11/29/2021 $7.99M
<60 days $1,270,759 Low 4/17/2020 $2.54M
<90 days $712,746 Current 7/31/2023 $5.9 M
<120 days $589,528
Older $3,342,013

April 2025 FYTD
Accounts Receivable Days
22 Days
$30,991,783

SILICON VALLEY CLEAN ENERGY AUTHORITY

RETAIL SALES, CUSTOMER ACCOUNTS AND AGING REPORT
Bad Debt % (Actual)

0.36%

TOTAL DUE
Bad Debt % (Budget )

0.75% • 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 $967,238 % Revenue 0.12% 0.14% 0.14% 0.25% 0.23% 0.33% 0.29% 0.36% Av./Month (R Axes) $25,713 $34,773 $34,599 $53,288 $73,833 $123,729 $128,286 $138,177 $-
$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
16 M
14M
12M
4 10
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8 M Ml
6 MA .Ju
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4M
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Item 1b April 2025 Treasurer Report
15 Item 1b April 2025 Treasurer Report
Silicon Valley Clean Energy April 30, 2025
Certificate of Compliance
During the reporting period for the month ended April 30, 2025, 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"). 15 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accnied Realized G/L Realized G/L Sale Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost AinortCost Method |
BUY
DTD 11/01/2020 1.336% 09/01/2027
03/26/25 04/01/25 MERCEDES-BENZ FIN NA
DTD 04/01/2025 4.650% 04/01/2027
58769JBC0 1,000,000.00 (999,400.00) 0.00 (999,400.00)
04/03/25 04/08/25 FNA 2018-M2 A2
DTD 02/01/2018 3.003% 01/01/2028
3136B0YM2 1,319,184.97 (1.281,773.71) (770.21) (1,282,543.92) 04/07/25 04/10/25 US TREASURY N/B
DTD 03/17/2025 3.875% 03/15/2028
91282CMS7 2,500,000.00 (2,512,109.38) (6,844.43) (2,518,953.81) 04/08/25 04/11/25 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2U3 1,050,000.00 (1,026.292.97) (909.13) (1.027.202.10) 04/14/25 04/22/25 BANK OF NEW YORK MELLON
(CALLABLE)
DTD 04/22/2025 4.587% 04/20/2027
06405LAF8 380.000.00 (380.000.00) 0.00 (380.000.00)
04/15/25 04/23/25 WELLS FARGO & COMPANY
(CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 685,000.00 (685,000.00) 0.00 (685,000.00)
04/16/25 04/22/25 FHMS K079 A2
DTD 08/01/2018 3.926% 06/01/2028
3137FGZT5 1,500.000.00 (1,485,058.59) (3,435.25) (1,488,493.84) 04/17/25 04/17/25 CANADIAN IMP BK COMM NY
DTD 04/17/2025 4.250% 04/17/2026
13606DJL7 1,000,000.00 (1,000,000.00) 0.00 (1,000,000.00) 04/23/25 04/28/25 WALMART INC
DTD 04/28/2025 4.100% 04/28/2027
931142FL2 440,000.00 (439,942.80) 0.00 (439,942.80)
04/28/25 05/02/25 CINTAS CORPORATION NO. 2
(CALLABLE)
DTD 05/02/2025 4.200%
05/01/2028
17252MAR1 805.000.00 (803.969.60) 0.00 (803,969.60)
Transaction Type Sub Total 10,679,184.97 (10,613,547.05) (11,959.02) (10,625,506.07)

INTEREST
04/01/25 04/25/25 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 0.00 1,284.68 1,284.68
04/01/25 04/25/25 FHMS K075 A2
DTD 04/01/2018 3.650% 02/01/2028
3137F4X72 0.00 4,486.46 4,486.46
04/01/25 04/25/25 FHMS K739 A2 3137F64P9 0.00 2,672.00 2,672.00 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 42
16 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 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

INTEREST
04/01/25 04/25/25 FNA 2015-M11 A2
DTD 07/01/2015 2.987% 04/01/2025
3136APSZ6 0.00 351.27 351.27
04/01/25 04/25/25 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
3137F4D41 0.00 3,000.00 3,000.00
04/01/25 04/25/25 FHMS K737 A2
DTD 01/01/2020 2.525% 10/01/2026
3137FOXJ7 0.00 2.209.37 2,209.37
04/01/25 04/25/25 FHMS KJ28 A2
DTD 02/01/2020 2.308% 10/01/2027
3137FREE7 0.00 3,194.06 3,194.06
04/01/25 04/25/25 FHMS K733 A2
DTD 11/01/2018 3.750% 08/01/2025
3137FJXO7 0.00 1,513.55 1,513.55
04/01/25 04/25/25 FHMS K065 Al
DTD 07/01/2017 2.864% 10/01/2026
3137F1G36 0.00 1,071.26 1,071.26
04/01/25 04/25/25 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 0.00 6,359.79 6,359.79
04/01/25 04/25/25 FHMS K076 A2
DTD 05/01/2018 3.900% 04/01/2028
3137FEZU7 0.00 3,900.00 3,900.00
04/01/25 04/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 2.368.97 2.368.97
04/01/25 04/25/25 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
3137FBBX3 0.00 2.297.83 2,297.83
04/01/25 04/25/25 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BROJ7 0.00 2.516.46 2,516.46
04/01/25 04/25/25 FNA 2024-M6 A2
DTD 11/01/2024 3.005% 07/01/2027
3136BTGM9 0.00 5.007.70 5,007.70
04/01/25 04/25/25 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 0.00 1,964.69 1,964.69
04/01/25 04/25/25 FHMS K058 Al
DTD 11/01/2016 2.340% 07/01/2026
3137BSP64 0.00 562.76 562.76
04/01/25 04/25/25 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
3137BSRE5 0.00 1,820.00 1,820.00
04/02/25 04/02/25 BMW US CAPITAL LLC
DTD 04/02/2024 5.050% 04/02/2026
05565ECG8 0.00 8.837.50 8,837.50
04/03/25 04/03/25 AMERICAN HONDA FINANCE
DTD 10/04/2023 5.800% 10/03/2025
02665WEO0 0.00 13.050.00 13,050.00
PPM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 43
17 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 PFM Asset Management, a division of Account 4025-002 Page 44 U.S. Bancorp Asset Management, Inc.

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
Aniort Cost
Sale
Trade Settle Method

INTEREST
04/03/25 04/03/25 BNP PARIBAS NY BRANCH
DTD 04/04/2024 5.380% 04/03/2025
05593D5R0 0.00 122,395.00 122.395.00
04/04/25 04/04/25 ACCENTURE CAPITAL INC (CALLABLE)
DTD 10/04/2024 3.900% 10/04/2027
0O440KAA1 0.00 6,337.50 6,337.50
04/04/25 04/04/25 ADOBE INC (CALLABLE)
DTD 04/04/2024 4.850% 04/04/2027
00724PAE9 0.00 8,487.50 8,487.50
04/08/25 04/08/25 TOYOTA MOTOR CREDIT CORP
DTD 10/10/2024 4.350% 10/08/2027
89236TMS1 0.00 14,948.29 14,948.29
04/15/25 04/15/25 MBART 2025-1 A2A
DTD 01/23/2025 4.500% 02/15/2028
58773DAB0 0.00 7.593.75 7,593.75
04/15/25 04/15/25 HART 2024-B A2A
DTD 07/24/2024 5.150% 06/15/2027
44934QAB7 0.00 2,015.86 2,015.86
04/15/25 04/15/25 HARDT 2024-4 A2
DTD 10/24/2024 4.560% 03/15/2027
43816DAB1 0.00 5,966.00 5,966.00
04/15/25 04/15/25 TAOT 2024-A A3
DTD 01/30/2024 4.830% 10/16/2028
89238DAD0 0.00 1.348.38 1.348.38
04/15/25 04/15/25 COPAR 2024-1 A2A
DTD 11/26/2024 4.610% 10/15/2027
14O43NAB5 0.00 1.536.67 1,536.67
04/15/25 04/15/25 KCOT 2024-2A A2
DTD 06/25/2024 5.450% 04/15/2027
50117DAB2 0.00 1.362.50 1,362.50
04/15/25 04/15/25 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 0.00 1,108.00 1,108.00
04/15/25 04/15/25 UNITEDHEALTH GROUP INC
(CALLABLE)
DTD 03/21/2024 4.600% 04/15/2027
91324PEY4 0.00 17.250.00 17,250.00
04/15/25 04/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 1.473.25 1,473.25
04/15/25 04/15/25 TAOT 2024-B A2A
DTD 04/30/2024 5.410% 03/15/2027
89237NAB3 0.00 1.662.15 1,662.15
04/15/25 04/15/25 USAOT 2024-A A2
DTD 07/30/2024 5.250% 03/15/2027
9O327VAB4 0.00 3,920.05 3,920.05
04/15/25 04/15/25 FORDO 2024-B A2A
DTD 06/24/2024 5.400% 04/15/2027
34531OAB5 0.00 5.906.25 5.906.25
18 Item 1b April 2025 Treasurer Report
/
Managed Account Security Transactions & 30, 2025 Interest ror me moron cnamg April silicon vaiiey uiean energy - dvce investment rortroiio - 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 1 INTEREST
04/15/25 04/15/25 WOART 2023-D A2A
DTD 11/08/2023 5.910% 02/16/2027
98164DAB3 0.00 507.33 507.33
04/15/25 04/15/25 FORDO 2024-C A2A
DTD 09/20/2024 4.320% 08/15/2027
34532UAB5 0.00 2,322.00 2,322.00
04/15/25 04/15/25 US TREASURY N/B
DTD 10/16/2023 4.625% 10/15/2026
91282OC6 0.00 69,375.00 69,375.00
04/15/25 04/15/25 BAAT 2024-1A A3
DTD 05/22/2024 5.350% 11/15/2028
09709AAC6 0.00 557.29 557.29
04/15/25 04/15/25 AMXCA 2025-1 A
DTD 02/11/2025 4.560% 12/15/2029
02582JKM1 0.00 6,137.00 6,137.00
04/15/25 04/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 3,595.63 3,595.63
04/15/25 04/15/25 NAROT 2023-B A2A
DTD 10/25/2023 5.950% 05/15/2026
65480MAB9 0.00 1.122.20 1,122.20
04/15/25 04/15/25 WFOT 2024-Al A
DTD 03/01/2024 4.940% 02/15/2029
929700AA3 0.00 3,807.92 3,807.92
04/15/25 04/15/25 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
02007NAC2 0.00 2.277.00 2,277.00
04/15/25 04/15/25 BACCT 2024-Al A
DTD 06/13/2024 4.930% 05/15/2029
05522RDJ4 0.00 4.231.58 4,231.58
04/15/25 04/15/25 FORDO 2024-D A2A
DTD 11/22/2024 4.590% 10/15/2027
34535VAB0 0.00 1,969.88 1,969.88
04/15/25 04/15/25 FORDO 2024-A A2A
DTD 03/19/2024 5.320% 01/15/2027
34535EAB8 0.00 1,016.30 1,016.30
04/15/25 04/15/25 TAOT 2024-C A2A
DTD 07/30/2024 5.160% 05/17/2027
892370AB6 0.00 1,182.39 1,182.39
04/15/25 04/15/25 HDMOT 2023-B A3
DTD 09/27/2023 5.690% 08/15/2028
41285YAC9 0.00 4,433.46 4.433.46
04/15/25 04/15/25 BAAT 2023-2AA3
DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 0.00 4,018.00 4,018.00
04/15/25 04/15/25 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
O2OO7WAC2 0.00 2,275.00 2,275.00
04/15/25 04/15/25 TAOT 2024-D A2A
DTD 10/17/2024 4.550% 08/16/2027
89239TAB8 0.00 2,310.43 2,310.43
PPM Asset Management a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 45
19 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 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 Aniort Cost Method

I INTEREST
04/15/25 04/15/25 HART 2024-C A2A
DTD 10/16/2024 4.530% 09/15/2027
448976AB6 0.00 3,340.88 3,340.88
04/15/25 04/15/25 FORDO 2023-C A3
DTD 11/21/2023 5.530% 09/15/2028
344940AD3 0.00 1.566.83 1,566.83
04/15/25 04/15/25 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 0.00 617.42 617.42
04/15/25 04/15/25 WOART 2024-A A2A
DTD 02/14/2024 5.050% 04/15/2027
98164RAB2 0.00 642.18 642.18
04/15/25 04/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 3.116.21 3.116.21
04/15/25 04/15/25 COMCAST CORP (CALLABLE)
DTD 10/05/2018 3.950% 10/15/2025
20030NCS8 0.00 7,900.00 7,900.00
04/15/25 04/15/25 MBART 2023-2 A2
DTD 10/25/2023 5.920% 11/16/2026
58769FAB1 0.00 317.21 317.21
04/15/25 04/15/25 CHAIT 2024-Al A
DTD 01/31/2024 4.600% 01/16/2029
161571HV9 0.00 2,664.17 2,664.17
04/15/25 04/15/25 CHAIT 2023-Al A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 3.461.50 3.461.50
04/15/25 04/15/25 US TREASURY N/B
DTD 04/15/2024 4.500% 04/15/2027
91282009 0.00 22.500.00 22,500.00
04/15/25 04/15/25 FORDO 2025-A A2A
DTD 03/25/2025 4.470% 12/15/2027
34535KAB4 0.00 5.165.33 5.165.33
04/15/25 04/15/25 HART 2022-C A3
DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 0.00 1.505.27 1.505.27
04/15/25 04/15/25 WOART 2024-B A2A
DTD 05/22/2024 5.480% 09/15/2027
98164HAB4 0.00 1.146.04 1,146.04
04/15/25 04/15/25 HART 2023-C A2A
DTD 11/13/2023 5.800% 01/15/2027
44918CAB8 0.00 1.017.49 1.017.49
04/15/25 04/15/25 ALLYA 2024-1 A3
DTD 03/13/2024 5.080% 12/15/2028
02008FAC8 0.00 1,629.83 1,629.83
04/15/25 04/15/25 WFCIT 2024-A2 A
DTD 10/24/2024 4.290% 10/15/2029
92970OAE5 0.00 2,341.63 2,341.63
04/15/25 04/15/25 US TREASURY N/B
DTD 10/15/2024 3.875% 10/15/2027
91282CLO2 0.00 145.312.50 145,312.50
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 46
20 Item 1b April 2025 Treasurer Report
\ 1
VAW Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 rincon vauey clean energy - ovlc investment rortrono - 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

I INTEREST
04/15/25 04/15/25 MORGAN STANLEY BANK NA
(CALLABLE)
DTD 10/18/2024 4.447% 10/15/2027
61690U8G8 0.00 9,948.31 9,948.31
04/15/25 04/15/25 WOART 2024-C A2A
DTD 08/20/2024 4.780% 01/18/2028
98164NAB1 0.00 3,443.95 3,443.95
04/15/25 04/15/25 NAROT 2024-B A2A
DTD 10/23/2024 4.510% 06/15/2027
65479WAB0 0.00 3.965.04 3,965.04
04/15/25 04/15/25 TAOT 2025-A A2A
DTD 01/29/2025 4.480% 11/15/2027
89240JAB7 0.00 6,608.00 6,608.00
04/15/25 04/15/25 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
44935CAD3 0.00 6,712.20 6,712.20
04/15/25 04/15/25 COMET 2024-Al A
DTD 09/24/2024 3.920% 09/15/2029
14041NGE5 0.00 4.736.67 4,736.67
04/15/25 04/15/25 DCENT 2023-Al A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 4,669.17 4,669.17
04/15/25 04/15/25 KCOT 2024-1A A2
DTD 02/21/2024 5.390% 01/15/2027
5O117BAB6 0.00 2,565.62 2,565.62
04/15/25 04/15/25 WOART 2025-A A2A
DTD 01/29/2025 4.490% 04/17/2028
98164YAB7 0.00 4,302.92 4,302.92
04/15/25 04/15/25 HARDT 2024-1 A2
DTD 02/21/2024 5.360% 09/15/2026
437918AB1 0.00 2,289.55 2.289.55
04/15/25 04/15/25 NAROT 2024-A A2A
DTD 05/22/2024 5.470% 12/15/2026
65479UAB4 0.00 2,129.01 2,129.01
04/15/25 04/15/25 COPAR 2023-2 A2A
DTD 10/11/2023 5.910% 10/15/2026
14044EAB4 0.00 1.228.49 1,228.49
04/15/25 04/15/25 KCOT 2025-1A A2
DTD 02/19/2025 4.610% 12/15/2027
5O117FAB7 0.00 2,439.46 2,439.46
04/16/25 04/16/25 GMCAR 2024-4 A2A
DTD 10/16/2024 4.530% 10/18/2027
38014AAB7 0.00 2,472.63 2,472.63
04/16/25 04/16/25 GMCAR 2023-4 A3
DTD 10/11/2023 5.780% 08/16/2028
379930AD2 0.00 2,263.83 2,263.83
04/16/25 04/16/25 GMCAR 2024-2 A2A
DTD 04/10/2024 5.330% 03/16/2027
379931AB4 0.00 630.32 630.32
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 47
21 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & 30, 2025 interest ror me monin cnainq Apni 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

I INTEREST
04/16/25 04/16/25 GMCAR 2025-1 A2A
DTD 01/15/2025 4.440% 01/18/2028
362955AB2 0.00 5.383.50 5.383.50
04/16/25 04/16/25 GMCAR 2024-3 A2A
DTD 07/10/2024 5.350% 06/16/2027
38013KAB6 0.00 2.453.67 2.453.67
04/16/25 04/16/25 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 0.00 444.58 444.58
04/16/25 04/16/25 CATERPILLAR FINL SERVICE
DTD 08/16/2024 4.450% 10/16/2026
14913UAN0 0.00 6.563.75 6.563.75
04/17/25 04/17/25 CANADIAN IMP BK COMM NY
DTD 04/22/2024 5.550% 04/17/2025
13606K2K1 0.00 83,250.00 83,250.00
04/20/25 04/20/25 VALET 2023-2 A2A
DTD 11/21/2023 5.720% 03/22/2027
92867YAB0 0.00 980.89 980.89
04/20/25 04/20/25 VALET 2024-1 A2A
DTD 11/26/2024 4.650% 11/22/2027
92868RAB4 0.00 5.134.38 5.134.38
04/20/25 04/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 0.00 3.783.39 3,783.39
04/20/25 04/20/25 VALET 2025-1 A2A
DTD 03/25/2025 4.510% 01/20/2028
92868MAB5 0.00 5,863.00 5,863.00
04/21/25 04/21/25 HAROT 2025-1 A2
DTD 02/11/2025 4.530% 08/23/2027
43814VAB3 0.00 10.192.50 10,192.50
04/21/25 04/21/25 HAROT 2024-3 A2
DTD 08/21/2024 4.890% 02/22/2027
43813YAB8 0.00 3,240.20 3.240.20
04/21/25 04/21/25 BANK OF AMERICA CORP (CALLABLE)
DTD 10/21/2016 3.248% 10/21/2027
06051GGA1 0.00 28,420.00 28,420.00
04/21/25 04/21/25 CITIGROUP INC (CALLABLE)
DTD 10/21/2016 3.200% 10/21/2026
172967KY6 0.00 12.000.00 12.000.00
04/21/25 04/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 921.38 921.38
04/22/25 04/22/25 JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2021 1.578% 04/22/2027
46647PCB0 0.00 6.706.50 6.706.50
04/22/25 04/22/25 PFAST 2024-1A A2A
DTD 12/13/2024 4.450% 01/24/2028
73328EAB7 0.00 2,397.26 2,397.26
04/22/25 04/22/25 JPMORGAN CHASE & CO (CALLABLE)
DTD 10/23/2023 6.070% 10/22/2027
46647PDW3 0.00 9.105.00 9.105.00
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 48
22 Item 1b April 2025 Treasurer Report
Managed«1Account Security Transactions & Interest For the Month Ending April 30, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type
Security Description CUSIP
Principal
Par Proceeds
Accrued
Interest Total
Realized G/L
Cost
Realized G/L
Aniort Cost
Sale
Trade Settle Method

INTEREST
04/22/25 04/22/25 STATE STREET CORP (CALLABLE)
DTD 10/22/2024 4.330% 10/22/2027
857477CP6 0.00 16,237.50 16,237.50
04/22/25 04/22/25 WELLS FARGO & COMPANY
DTD 04/22/2016 3.000% 04/22/2026
949746RW3 0.00 6,000.00 6,000.00
04/24/25 04/24/25 BANK OF NY MELLON CORP
(CALLABLE)
DTD 04/24/2020 1.600% 04/24/2025
06406RAN7 0.00 6.800.00 6,800.00
04/25/25 04/25/25 CHAOT 2024-5A A2
DTD 09/24/2024 4.400% 11/26/2027
16144OAB1 0.00 981.18 981.18
04/25/25 04/25/25 CHAOT 2024-1A A2
DTD 03/27/2024 5.480% 04/26/2027
16144BAB4 0.00 369.22 369.22
04/25/25 04/25/25 CHAOT 2024-2A A2
DTD 04/25/2024 5.660% 05/26/2027
16144CAB2 0.00 1,579.59 1,579.59
04/25/25 04/25/25 CHAOT 2024-4A A2
DTD 07/30/2024 5.250% 09/27/2027
16144YAB4 0.00 1,677.59 1,677.59
04/25/25 04/25/25 BMWOT 2024-A A3
DTD 06/11/2024 5.180% 02/26/2029
096919AD7 0.00 3.086.42 3,086.42
04/25/25 04/25/25 CHAOT 2024-3A A2
DTD 06/27/2024 5.530% 09/27/2027
16144LAB2 0.00 2.498.72 2,498.72
04/25/25 04/25/25 BMWOT 2025-A A2A
DTD 02/12/2025 4.430% 10/25/2027
096924AB1 0.00 3.414.79 3,414.79
04/30/25 04/30/25 US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2026
91282CLS8 0.00 154.687.50 154,687.50
04/30/25 04/30/25 US TREASURY N/B
DTD 04/30/2024 4.875% 04/30/2026
91282CKK6 0.00 48.750.00 48,750.00
04/30/25 04/30/25 CITIBANK NA (CALLABLE)
DTD 04/30/2024 5.438% 04/30/2026
17325FBF4 0.00 7,885.10 7,885.10
Transaction Type Sub-Total 0.00 1,088,375.18 1,088,375.18

MATURITY
04/03/25 04/03/25 BNP PARIBAS NY BRANCH
DTD 04/04/2024 5.380% 04/03/2025
05593D5R0 2.250.000.00 2.250.000.00 0.00 2.250.000.00 0.00 0.00 04/17/25 04/17/25 CANADIAN IMP BK COMM NY
DTD 04/22/2024 5.550% 04/17/2025
13606K2K1 1,500,000.00 1,500,000.00 0.00 1,500,000.00 0.00 0.00 PFM Asset Management, a division of
U.S. Bancorp Asset Management. Inc.

Account 4025-002 Page 49
23 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type
Par
Principal
Proceeds
Accrued
Interest Total
Realized G/L
Cost
Realized G/L
Amort Cost
Sale
Trade Settle Security Description CUSIP Method

MATURITY
04/24/25 04/24/25 BANK OF NY MELLON CORP
(CALLABLE)
DTD 04/24/2020 1.600% 04/24/2025
06406RAN7 850,000.00 850,000.00 0.00 850,000.00 53,363.00 0.00 04/30/25 04/30/25 BARCLAYS CAPITAL INC
DTD 10/25/2024 0.000% 04/30/2025
06743URW4 2,500,000.00 2,500,000.00 0.00 2.500.000.00 58,522.22 0.00 Transaction Type Sub-Total 7,100,000.00 7,100,000.00 0.00 7,100,000.00 111,885.22 0.00

PAYDOWNS
04/01/25 04/25/25 FHMS K733 A2
DTD 11/01/2018 3.750% 08/01/2025
3137FJXO7 247.24 247.24 0.00 247.24 8.13 1.76
04/01/25 04/25/25 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 1,214.83 1,214.83 0.00 1,214.83 58.75 45.63
04/01/25 04/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 1,957.48 1,957.48 0.00 1,957.48 99.02 36.76
04/01/25 04/25/25 FNA 2015-M11 A2
DTD 07/01/2015 2.987% 04/01/2025
3136APSZ6 141,129.20 141,129.15 0.00 141,129.15 5,518.32 251.11 04/01/25 04/25/25 FHMS K058 Al
DTD 11/01/2016 2.340% 07/01/2026
3137BSP64 13,729.36 13,729.36 0.00 13,729.36 703.63 319.46 04/01/25 04/25/25 FHMS KJ28 A2
DTD 02/01/2020 2.308% 10/01/2027
3137FREE7 20,378.20 20,378.22 0.00 20,378.22 750.66 710.02 04/01/25 04/25/25 FHMS K065 Al
DTD 07/01/2017 2.864% 10/01/2026
3137F1G36 22,141.30 22,141.29 0.00 22,141.29 955.70 518.69 04/01/25 04/25/25 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 1,428.54 1,428.54 0.00 1,428.54 93.03 45.46
04/01/25 04/25/25 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 1,036.21 1,036.21 0.00 1,036.21 74.76 35.30
04/15/25 04/15/25 HART 2024-B A2A
DTD 07/24/2024 5.150% 06/15/2027
44934OAB7 42,091.06 42,091.06 0.00 42,091.06 1.70 1.29
04/15/25 04/15/25 WOART 2024-B A2A
DTD 05/22/2024 5.480% 09/15/2027
98164HAB4 35,665.35 35,665.35 0.00 35,665.35 3.58 2.66
04/15/25 04/15/25 KCOT 2024-2A A2
DTD 06/25/2024 5.450% 04/15/2027
50117DAB2 20,163.41 20,163.41 0.00 20,163.41 2.29 1.63
04/15/25 04/15/25 MBART 2023-2 A2
DTD 10/25/2023 5.920% 11/16/2026
58769FAB1 22,209.31 22,209.31 0.00 22,209.31 1.00 0.54
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 50
24 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accrued Realized G/L Realized G/L Sale DTD 06/24/2024 5.400% 04/15/2027
Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method

PAYDOWNS
04/15/25 04/15/25 TAOT 2024-B A2A
DTD 04/30/2024 5.410% 03/15/2027
89237NAB3 47,358.54 47,358.54 0.00 47,358.54 3.40 2.32
04/15/25 04/15/25 NAROT 2024-A A2A
DTD 05/22/2024 5.470% 12/15/2026
65479UAB4 60,096.51 60,096.51 0.00 60,096.51 0.62 0.38
04/15/25 04/15/25 HART 2023-C A2A
DTD 11/13/2023 5.800% 01/15/2027
44918CAB8 42,787.79 42,787.79 0.00 42,787.79 2.00 1.14
04/15/25 04/15/25 WOART 2023-D A2A
DTD 11/08/2023 5.910% 02/16/2027
98164DAB3 21,905.89 21,905.89 0.00 21,905.89 1.84 1.06
04/15/25 04/15/25 USAOT 2024-A A2
DTD 07/30/2024 5.250% 03/15/2027
9O327VAB4 119,315.55 119,315.55 0.00 119,315.55 7.72 5.65 04/15/25 04/15/25 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 29,140.39 29,140.39 0.00 29,140.39 756.97 401.25 04/15/25 04/15/25 FORDO 2024-A A2A
DTD 03/19/2024 5.320% 01/15/2027
34535EAB8 30,654.05 30,654.05 0.00 30,654.05 1.07 0.66
04/15/25 04/15/25 TAOT 2024-C A2A
DTD 07/30/2024 5.160% 05/17/2027
89237OAB6 27,867.27 27,867.27 0.00 27,867.27 0.27 0.17
04/15/25 04/15/25 TAOT 2024-D A2A
DTD 10/17/2024 4.550% 08/16/2027
89239TAB8 52,788.88 52,788.88 0.00 52,788.88 3.43 2.80
04/15/25 04/15/25 HAROT 2024-1 A2
DTD 02/21/2024 5.360% 09/15/2026
437918AB1 93,844.31 93,844.31 0.00 93,844.31 8.66 4.86
04/15/25 04/15/25 KCOT 2024-1A A2
DTD 02/21/2024 5.390% 01/15/2027
50117BAB6 56,798.29 56,798.29 0.00 56,798.29 0.74 0.37
04/15/25 04/15/25 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 16,477.49 16,477.49 0.00 16,477.49 118.43 80.21 04/15/25 04/15/25 WOART 2024-A A2A
DTD 02/14/2024 5.050% 04/15/2027
98164RAB2 25,578.36 25,578.36 0.00 25,578.36 2.00 1.26
04/15/25 04/15/25 COPAR 2024-1 A2A
DTD 11/26/2024 4.610% 10/15/2027
14043NAB5 15,072.12 15,072.12 0.00 15,072.12 0.63 0.53
04/15/25 04/15/25 HART 2022-C A3
DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 31,775.71 31,775.71 0.00 31,775.71 244.53 145.71 04/15/25 04/15/25 COPAR 2023-2 A2A
DTD 10/11/2023 5.910% 10/15/2026
14044EAB4 69,506.36 69,506.36 0.00 69,506.36 6.13 3.18
04/15/25 04/15/25 FORDO 2024-B A2A 34531OAB5 137,550.28 137,550.28 0.00 137,550.28 10.29 7.28 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 51
25 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accrued Realized G/L Realized G/L Sale DTD 02/15/2023 4.000% 02/15/2026
Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method

PAYDOWNS
04/15/25 04/15/25 WOART 2024-C A2A
DTD 08/20/2024 4.780% 01/18/2028
98164NAB1 81,175.10 81,175.10 0.00 81,175.10 1.73 1.25
04/15/25 04/15/25 NAROT 2023-8 A2A
DTD 10/25/2023 5.950% 05/15/2026
65480MAB9 73,291.38 73,291.38 0.00 73,291.38 1.08 0.46
04/16/25 04/16/25 GMCAR 2024-4 A2A
DTD 10/16/2024 4.530% 10/18/2027
38014AAB7 40.400.68 40,400.68 0.00 40.400.68 1.69 1.34
04/16/25 04/16/25 GMCAR 2024-2 A2A
DTD 04/10/2024 5.330% 03/16/2027
379931AB4 20,979.77 20,979.77 0.00 20,979.77 1.39 0.92
04/16/25 04/16/25 GMCAR 2024-3 A2A
DTD 07/10/2024 5.350% 06/16/2027
38013KAB6 62,409.03 62,409.03 0.00 62,409.03 0.16 0.00
04/20/25 04/20/25 VALET 2023-2 A2A
DTD 11/21/2023 5.720% 03/22/2027
92867YAB0 29,448.11 29,448.11 0.00 29,448.11 1.72 1.02
04/21/25 04/21/25 HAROT 2024-3 A2
DTD 08/21/2024 4.890% 02/22/2027
43813YAB8 80,818.34 80,818.34 0.00 80,818.34 6.33 4.67
04/22/25 04/22/25 PFAST 2024-1A A2A
DTD 12/13/2024 4.450% 01/24/2028
73328EAB7 87,111.08 87,111.08 0.00 87,111.08 7.43 6.54
04/25/25 04/25/25 CHAOT 2024-5A A2
DTD 09/24/2024 4.400% 11/26/2027
16144OAB1 25,386.51 25,386.51 0.00 25,386.51 2.25 1.86
04/25/25 04/25/25 CHAOT 2024-3A A2
DTD 06/27/2024 5.530% 09/27/2027
16144LAB2 63,313.55 63,313.55 0.00 63,313.55 0.54 0.29
04/25/25 04/25/25 CHAOT 2024-4A A2
DTD 07/30/2024 5.250% 09/27/2027
16144YAB4 42,157.58 42,157.58 0.00 42,157.58 3.94 3.06
04/25/25 04/25/25 CHAOT 2024-1A A2
DTD 03/27/2024 5.480% 04/26/2027
16144BAB4 14,900.81 14,900.81 0.00 14,900.81 1.26 0.82
04/25/25 04/25/25 CHAOT 2024-2A A2
DTD 04/25/2024 5.660% 05/26/2027
16144CAB2 50,716.65 50,716.65 0.00 50,716.65 1.83 1.83
Transaction Type Sub-Total 1,874,017.87 1,874,017.83 0.00 1,874,017.83 9,470.65 2,653.20 SELL
03/28/25 04/01/25 US TREASURY N/B
DTD 02/15/2023 4.000% 02/15/2026
91282CGL9 1,000,000.00 998,828.13 4,972.38 1,003,800.51 18,632.82 5,932.95 FIFO 04/09/25 04/10/25 US TREASURY N/B 91282CGL9 1,375,000.00 1,375,000.00 8,204.42 1,383,204.42 27,231.45 0.00 FIFO PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 52
26 Item 1b April 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending April 30, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type
CUSIP Par
Principal
Proceeds
Accrued
Interest Total
Realized G/L
Cost
Realized G/L
Amort Cost
Sale
Trade Settle Security Description Method
SELL
04/09/25 04/10/25 US TREASURY N/B
DTD 02/15/2023 4.000% 02/15/2026
91282CGL9 625,000.00 625,170.90 3,729.28 628,900.18 12,548.83 4,486.52 FIFO 04/23/25 04/23/25 US TREASURY N/B
DTD 02/15/2023 4.000% 02/15/2026
91282CGL9 50,000.00 49,949.22 370.17 50,319.39 939.45 280.04 FIFO Transaction Type Sub-Total 3,050,000.00 3,048,948.25 17,276.25 3,066,224.50 59,352.55 10,699.51 Managed Account Sub-Total 1,409,419.03 1,093,692.41 2,503,111.44 180,708.42 13,352.71 Total Security Transactions $1,409,419.03 $1,093,692.41 $2,503,111.44 $180,708.42 $13,352.71 Bolded items are forward settling trades.

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

Account 4025-002 Page 53

Page 1 of 4 ends

Staff Report – Item 1e
Item 1e: Authorize the Chief Executive Officer to Approve CC Power’s Annual Budget and Dues in an Amount Not to Exceed $500,000 for CC Power’s Fiscal Year 2025-2026 and Delegate Authority to the Chief Executive Officer to Enter Agreements Using Approved Funds
From: Monica Padilla, CEO
Prepared by: Zak Liske, Deputy Director of Power Resources Date: 6/11/2025

RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) approve annual budget for payment to California Community Power (“CC Power”) starting CC Power’s next Fiscal Year (July 1, 2025-June 30, 2026) in an amount not to exceed $500,000 and delegate authority to the Chief Executive Officer (“CEO”) to enter agreements using approved funds. This budget enables SVCE to continue its membership and project participation as a part of CC Power. The approval to enter agreements with CC Power is still subject to the limits and requirements of the SVCE Energy Risk Management Policy.

EXECUTIVE COMMITTEE RECOMMENDATION
The Executive Committee met on May 23, 2025 and unanimously supported staff’s recommendation for the CEO to be authorized to approve CC Power’s annual budget and dues in an amount not to exceed $500,000 for CC Power’s Fiscal Year 2025-2026 and to delegate authority to the CEO to enter agreements using approved funds.

BACKGROUND
SVCE has been a member of CC Power since early 2021, after the Board of Director’s authorized its membership in December 20201. CC Power is a Joint Powers Authority (“JPA”) of California Community Choice Aggregators (“CCAs”) with the goal to acquire energy, capacity, storage or other energy products on a scale that the individual member CCAs most likely could not be able to achieve individually. CC Power is comprised of nine CCAs throughout Northern California, serving more than six million customers. Since 2021, SVCE, through CC Power, has been able to help meet its share of the California Public Utilities Commission’s (“CPUC”) Mid-Term Reliability (MTR) procurement mandate for long lead resources including two long-duration storage and two geothermal contracts.

SVCE’s CEO, Monica Padilla, serves on the CC Power Board of Directors and on its Ad-hoc Budget Committee.

At CC Power’s May 2025 board meeting the FY 2025-26 budget was approved. SVCE’s board member, CEO Padilla, voted to approve contingent on receiving SVCE Board approval. The sequence and timing of CC Power and SVCE approvals has some challenges that SVCE will seek to address in future fiscal years to avoid utilizing contingent approvals.

CC Power’s budget is broken down into several major categories:
1 See SVCE Board of Directors, Agenda Item 5 (Approve Participation in California Community Power Joint Powers Authority), December 9, 2020.

Item 1e
SILICON VALLEY \3/ CLEAN ENERGY
Agenda Item: 1e Agenda Date: 6/11/2025

Page 2 of 4 ends

• General and Administrative (“G&A”): these are the annual dues assessed equally to all members.

G&A covers overhead and general operating expenses of CC Power. • Phase 1: these are projects and initiatives at which point all members participate and share in costs equally. This would include strategic assessments and working groups open to all members. • Phase 2: projects that advance from Phase 1 and require members to opt-in. Cost allocation is determined on a project specific basis and may be equal or based on size, e.g. load weighted.

Examples of Phase 2 projects would be solicitations and negotiations of potential resources. • Phase 3: this phase is comprised of projects that are “in-flight” with executed agreements. The overwhelming majority of Phase 3 costs are the underlying commodity costs in a power supply contract for which participating CCAs receive all the benefits and are obligated to budget and pay for their respective share. Other Phase 3 costs include the overhead and operating expenses to administer the contracts and projects.

CC Power makes up a unique aspect of SVCE’s procurement activities that can unlock access to projects that may not otherwise make sense for SVCE to do alone either due to size or if an emerging technology. This procurement approach allows for the sharing of cost and risk between several CCAs. To date, the SVCE Board has authorized SVCE’s participation in two power purchase agreements (“PPA”) and two Energy Storage Service Agreements (“ESSA”) through CC Power, all of which are Phase 3 projects:

1. Tumbleweed Long Duration Energy Storage Project approved by the Board at the February 9, 2022 meeting;

2. Goal Line Long Duration Storage Project approved by the Board at the March 9, 2022 meeting;

3. Ormat Nevada Inc. Portfolio of Geothermal Projects approved by the Board at the June 8, 2022 meeting; and

4. Open Mountain Energy LLC., Fish Lake Geothermal Project approved by the Board at the June 8, 2022 meeting.

Notable items in the 2025-26 budget include:
• Phase 1: Annual solicitations, transmission education, scheduling coordinator roadmap, emerging technology exploration
• Phase 2: Origination activities to cover: geothermal, alternative, non-lithium-ion storage, pumped hydro, off-shore and large on-shore wind
• Phase 3: Tumbleweed, Goal Line, Fish Lake, Ormat

ANALYSIS & DISCUSSION
The staff recommendation includes approving SVCE’s share of CC Power’s annual budget of an amount not to exceed $500,000 for the CC Power 2025-2026 fiscal year costs starting July 1, 2025. These costs primarily consist of operating expenses (staff, consultants, legal) and administrative costs. Staff is also asking for CEO authority to enter agreements with CC Power using approved funds under Phase 2 and Phase 3. These agreements will come up throughout the fiscal year and are specific authorizations of SVCE’s participation and CC Power’s use of SVCE approved funds for various projects and activities.

SVCE is also seeking some headroom in the budget if projects come up during the fiscal year that make sense for SVCE to participate in but are not yet identified at this time. Having the spending flexibility will allow SVCE to stay nimble and minimize missing out on joint-action opportunities that can add value to SVCE.

Staff recognizes that the limits and requirements of the Energy Risk Management Policy still apply and is not seeking to modify CEO authority on commodity contracts.

Table 1 below summarizes the year-over-year (y-o-y) budget amounts and changes per category.

Item 1e
Agenda Item: 1e Agenda Date: 6/11/2025

Page 3 of 4 ends

• Column A, FY 2024-25 - Gross Budget: this was the approved budget amount for the prior fiscal year totaling $657,000.
• Column B, FY 2024-25 - Rollover Balance: there were several planned projects and expenses that were either not pursued or did not materialize. As a result, there is an excess balance of $209,396 that can be rolled over to fund FY 2025-26 expenses.
• Column C, FY 2025-26 - Gross Budget: this is the total budget for SVCE’s participation at CC Power in the upcoming year totaling $596,000.
• Column D, FY 2025-26 - Funding Requirement: the combines Column B and C to get to the net amount SVCE is required to fund CC Power for continued participation at $386,605. • Column E, Gross Budget Change - Increase (Decrease): this compares the y-o-y gross budget amounts which is a decrease of $61,000 or 9%. However, the overall funding requirement, taking into account the rollover balance, is down 41% y-o-y.

Table 1: SVCE Share of CC Power Annual Budget Comparison to Prior Fiscal Year

A B C D E
FY 2024-25 –
Gross Budget
FY 2024-25 -
Rollover Balance
FY 2025-26 –
Gross Budget
FY 2025-26 -
Funding
Requirement
Gross Budget
Change -
Increase
(Decrease)
Dues $118,000 $173,977 $173,977 $55,977
Phase 1 $90,085 $90,085 $90,085
Phase 2 $237,000 -$121,396 $164,559 $43,163 -$72,441
Phase 3 $302,000 -$88,000 $167,379 $79,379 -$134,621
Total $657,000 -$209,396 $596,000 $386,605 -$61,000
Primary drivers of year-over-year changes:
• Dues: increased overhead and operating expenses of CC Power • Phase 1: previously bundled with Dues in annual budget but now broken out. FY 2025-26 consists of shared exploratory efforts that provide education and may lead to Phase 2 or 3 projects. • Phase 2: gross budget decrease due additional refinement in the strategic planning process. Annually, CC Power and member CCAs develop priorities for the upcoming year and have provided increasing focus on which efforts to pursue which has resulted in a smaller number of projects in FY 2025-26.

Further, in FY 2024-25 expected to incur significant expenses for Build Transfer Agreement (“BTA”) solicitation. The solicitation did not yield any project negotiations which resulted in surplus funds available for subsequent fiscal year which has a net funding requirement of $43K. • Phase 3: decrease due primarily to development timeline of signed power resource projects. Several long-term agreement projects have had commercial online dates in flux which resulted in budget being unutilized in FY 2024-25. The costs associated with contract and project management can vary depending on the development stage and associated activities. It is Phase 3 costs will increase as projects come online and have additional overhead expenses related to operations, scheduling coordination, battery optimization and settlements.

Note that SVCE has already received BOD approval of Not-to-Exceed limits for its share of commodity costs for the two PPAs and two ESSAs listed above and is not seeking further approval of these costs. These are already captured in the power supply costs of SVCE’s annual budget.

STRATEGIC PLAN
Given the strategic nature of CC Power’s work, continued membership in the organization will support SVCE’s Goal 4 to, “Acquire power supply resources in a cost-effective manner to meet legislative and regulatory obligations, Board directives and customer specific products” and Goal 5 to “Manage and optimize load and power resources to meet affordability, GHG reduction and reliability objectives”.

Item 1e
Agenda Item: 1e Agenda Date: 6/11/2025

Page 4 of 4 ends

ALTERNATIVE
Not funding CC Power membership may require SVCE to withdraw from CC Power. SVCE needs to approve funding for CC Power to remain in the four projects noted above. These resources are needed for compliance under CPUC’s procurement orders. SVCE could also seek to fund only that portion of the CC Power budget which corresponds to general administration and direct costs associated with the four projects the Board has approved. However, this would require the CC Power board to allow elective funding level as an option, which it has not thus far.

FISCAL IMPACT
CC Power budget costs shown here are captured in SVCE’s annual budget within the Power Resources department’s share of operating expenses. Given the misalignment of fiscal year starts, SVCE has historically budgeted a buffer to ensure that the CC Power expenses for July through September are covered prior to the start of SVCE’s fiscal year.

CC Power members, including SVCE, pay dues in the first quarter of the CC Power fiscal year (Jul 1 – Jun 30).

The remaining costs for Phase 1-3 will be incurred on a project-specific basis when funds are required throughout the fiscal year.

While the expected funding requirement is approximately $386,000 for FY 2025-26, Staff is requesting authority up to $500,000 to cover potential projects that are not yet identified but may come up later in the fiscal year.

ATTACHMENT

1. May 23, 2025 Executive Committee Presentation
Item 1e
• Subtitle
New SV Clean Energy
PowerPoint Template
Item 4: Recommend the Silicon Valley Clean Energy
Board of Directors Authorize the Chief Executive Officer Approval of CC Power’s Annual Budget and Dues in an
Amount Not to Exceed $500,000 for CC Power’s Fiscal
Year 2025-2026 and Delegate Authority to the Chief
Executive Officer to Enter Agreements Using Approved
Funds
Executive Committee
May 23, 2025
SILICON VALLEY <3/ CLEAN ENERGY
Item 1e
Attachment 1
Executive Committee Presentation
SVCE Share:
• FY 2025-26: $386K
• FY 2024-25: $657K
CC Power
Budget
FY 2025-26
Starting July 1,
2025
2 RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy
(SVCE) Executive Committee recommend that the Board of
Directors (Board) approve annual budget for payment to
California Community Power (“CC Power”) starting CC
Power’s next Fiscal Year (July 1, 2025-June 30, 2026) in an amount not to exceed $500,000 and delegate authority to the Chief Executive Officer to enter agreements using approved funds. This budget enables SVCE to continue its membership and project participation as a part of CC Power.

Dues,
$173,977
Phase 1,
$90,085
Phase 2,
$43,163
Phase 3,
$79,379
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
FY2025-26 CC Power Budget
SVCE Share
SILICON VALLEY <3/ CLEAN ENERGY
Item 1e
Attachment 1
Executive Committee Presentation
Background
CC Power is a super-JPA that does
procurement on behalf of 9 member
CCAs where economies of scale exist
To date, primary focus on Mid-Term
Reliability (MTR) procurement
• Tumbleweed, Goal Line, Fish Lake,
Ormat
CC Power
Budget
FY 2025-26
3 SILICON VALLEY <3/ CLEAN ENERGY
Item 1e
Attachment 1
Executive Committee Presentation
CC Power
Budget
4 • Cover overhead, general costs Dues • Allocated equally to all • Exploratory projects Phase 1 • Allocated proportionally to all • Opt-in: procurement, contracting Phase 2 • Allocated on custom basis • Opt-in: signed contracts Phase 3 • Allocated on custom basis Dues,
$173,977
Phase 1,
$90,085
Phase 2,
$43,163
Phase 3,
$79,379
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
FY2025-26 CC Power Budget
SVCE Share
Item 1e
Attachment 1
Executive Committee Presentation
CC Power
Budget
Prior FY
5 • Overhead and Opex
• Strategic assessments for power
supply projects
Dues &
Phase 1
• Build Transfer Agreement (“BTA”)
solicitation
• RA Power Pool
• Offshore Wind
Phase 2
• Projects and Contract
Management for Geothermal and
Storage resources and operations $118,000
Dues Phase 3
Phase 2
$237,000
Phase 3
$302,000
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
FY2024-25 CC Power Budget
SVCE Share
SILICON VALLEY <3/ CLEAN ENERGY
Item 1e
Attachment 1
Executive Committee Presentation
CC Power
Budget: Phase 1
6 Mega Project Annual
Solicitation
T&D
Education
T&D
Strategy
Exploration
In-House SC
Roadmap
Emerging
Tech
Exploration
Bulk Buy
Whitepaper Dues,
$173,977
Phase 1,
$90,085
Phase 2,
$43,163
Phase 3,
$79,379
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
FY2025-26 CC Power Budget
SVCE Share
Item 1e
Attachment 1
Executive Committee Presentation
CC Power
Budget: Phase 2 -
Examples
7 Geothermal
Origination
New/Incremental
LDS
Offshore Wind Alternative
Storage
RA Optimization
Dues,
$173,977
Phase 1,
$90,085
Phase 2,
$43,163
Phase 3,
$79,379
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
FY2025-26 CC Power Budget
SVCE Share
Item 1e
Attachment 1
Executive Committee Presentation
CC Power Budget:

Phase 3: Active
Note: contract/commodity costs
excluded
8 Tumbleweed Goal Line Fish Lake
Ormat
Computer
Based
Trainings
Wood
Mackenzie
Subscription
Gridwell RA
Report Dues,
$173,977
Phase 1,
$90,085
Phase 2,
$43,163
Phase 3,
$79,379
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
FY2025-26 CC Power Budget
SVCE Share
SILICON VALLEY <3/ CLEAN ENERGY
Item 1e
Attachment 1
Executive Committee Presentation
CC Power
Budget: Phase 3:

Active Project
9 •Tumbleweed Energy
Storage
• Project set to reach
commercial operation in
Spring 2026
• Commodity costs for contract
will go through CC Power as
“billing agent”
• SVCE separately gets
approval and budget
authority on the Tumbleweed
contract from Board of
Directors
Dues,
$173,977
Phase 1,
$90,085
Phase 2,
$43,163
Phase 3,
$79,379
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
FY2025-26 CC Power Budget
SVCE Share
I
SILICON VALLEY <3/ CLEAN ENERGY
Item 1e
Attachment 1
Executive Committee Presentation
Title of the
Page
Next Steps
May 21
Today
June 11
July 1
CEO voted on CC Power Budget at CC Power BOD meeting contingent on SVCE BOD approval
Seek Recommendation of the Executive Committee
CC Power FY 2025 starts
Seek SVCE BOD approval on Consent Calendar
Item 1e
Attachment 1
Executive Committee Presentation
CC Power
Budget
FY 2025-26
Starting July 1,
2025
11 RECOMMENDATION
Staff recommends that the Silicon Valley
Clean Energy (SVCE) Executive Committee
recommend that the Board of Directors
(Board) approve annual budget for payment
to California Community Power (“CC Power”)
starting CC Power’s next Fiscal Year (July 1,
2025-June 30, 2026) in an amount not to
exceed $500,000 and delegate authority to
the Chief Executive Officer to enter
agreements using approved funds. This
budget enables SVCE to continue its
membership and project participation as a
part of CC Power. SILICON VALLEY <3/ CLEAN ENERGY
Item 1e
Attachment 1
Executive Committee Presentation
Title of the
Page
Thank You
Item 1e
Attachment 1
Executive Committee Presentation

Page 1 of 3 ends

Staff Report – Item 1f
Item 1f:

From:

Prepared by:

Date:

Authorize the Chief Executive Officer to Execute Agreement with the Building Decarbonization Coalition for Support with Event Strategy, Planning and Implementation Services and the Neighborhood Electrification Program in an Amount Not-to-Exceed $400,000 Over Two Years
Monica Padilla, CEO
Zoe Elizabeth, Director of Decarbonization Policy and Community Strategies Pamela Leonard, Deputy Director of Marketing and Communications 6/11/2025

RECOMMENDATION
Staff recommends the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) authorize the Chief Executive Officer to execute an agreement with the Building Decarbonization Coalition (BDC) for support with event strategy, planning and implementation services and the neighborhood electrification program in an amount not-to-exceed $400,000 over two years.

BACKGROUND
SVCE conducts community and stakeholder events to help advance its decarbonization goals and elevate awareness of the agency for customers. These events help to showcase how SVCE delivers on its commitments to the community and is reinvesting locally. Events include ribbon cuttings to celebrate local grant-funded projects, business meetings with large commercial and industrial customers to foster relationships, providing timely updates to member agency staff and collecting feedback on how we can continue to support municipal initiatives. Staff also conduct numerous community activations at local events, such as EV showcases and utilizing the Dream Home, mobile electric appliance showroom, to promote electrification education and customer programs.

SVCE has expanded its team in part to support these events, which take time to identify, plan, line up speakers/support and staff. The level of interest and volume of possible events continue to increase as SVCE member agencies offer more event attendance opportunities to help build awareness of the agency and its mission – especially with the new Dream Home. There were roughly 30 events in fiscal year 2023-24, reaching on the order of 50,000 customers. Staff want to continue to expand engagement in these local events and continue to improve the effectiveness of SVCE’s participation by adding more helpful and interesting resources.

Further, the Board approved $1.5M in 2024 for a Neighborhood Electrification program to attempt a new model of electrification that has the potential to lower per-customer costs and be a scalable way to optimally manage the phase-out of the existing natural gas distribution system. The Neighborhood Electrification program will aggregate electrification and electrification readiness projects in a concentrated area by getting groups of neighbors to agree to these projects all at the same time – lowering the per-customer project costs by simplifying things for the contractors doing the work and getting bulk project pricing.

Community events are a critical part of the Neighborhood Electrification program. The program aims to identify local champions who have already adopted electric technologies and support them in inspiring their Item 1f
SILICON VALLEY \3/ CLEAN ENERGY
Agenda Item: 1f Agenda Date: 6/11/2025

Page 2 of 3 ends

neighbors to take steps, such as pre-wiring or partial/full electrification, to prepare for the upcoming Bay Area Air District zero NOx rules. The program seeks to answer, “How could a scalable, grassroots campaign encourage residents to voluntarily prepare for Air District rule implementation and electrification while leaning on trusted neighbors as messengers to promote action?” This will necessitate a new level of targeted community events to host electrification block parties or house gatherings that can inspire and educate the champion’s neighbors to electrify.

High-quality, well-coordinated and memorable events are critical for all these efforts. The conversations and visibility that these events create has not only led to direct adoption of electric equipment but is an opportunity for SVCE to go out and meet customers where they are. Induction cooking in particular is an area where customer research shows a need to increase education and awareness support because customer motivators are heavily tied to their emotional connection to cooking.

SVCE issued a request for proposals (RFP) seeking event planning services including both strategic planning and event logistics, implementation and day-of coordination. SVCE received six proposals. Of the six proposals, the BDC had clear alignment with the goals of these efforts, in addition to bringing valuable industry expertise and connections, which is where they stood out from the other strong proposals.

ANALYSIS & DISCUSSION
BDC is a California 501(c)3 nonprofit organization that was founded in 2018 with a mission to forge paths to upgrade and power homes and buildings with clean electricity. BDC works with energy providers, manufacturers, design and construction firms, local governments, and NGOs to eliminate fossil fuels from buildings. Their staff of 70 specializes in consumer engagement, policy advocacy, and market transformation.

BDC’s relevant experience is twofold – bringing valuable experience with building electrification marketing and outreach, as well as deep experience with community engagement and consumer inspiration. BDC has run hundreds of events across the state, to great effect due to the high quality of planning and expertise on electrification. Notable examples of BDC led events include:
• “Chefluencers,” whereby BDC brings renowned Bay Area celebrity chefs, such as Martin Yan, to provide induction cooking demonstrations in a limited partnership with the County of Santa Clara. • The Switch Is On a public awareness electrification campaign and contractor network, of which SVCE was a founding member.

SVCE strives to be customers’ trusted energy experts. The addition of BDC’s support in events will allow SVCE to maximize program and policy impact by bringing interesting, positive and engaging interactions like induction demonstrations and heat pump equipment experts to customers; reaching beyond what staff can currently achieve with current capacity.

The two-year, $400,000 contract covers the cost of two main services for an estimated 20-25 events. 1) BDC support for event planning and hosting. This work has been budgeted to be about $260,000 of the contract total. This will include any support that SVCE staff needs for strategic planning of events, especially to reach new audiences and incorporate some of the novel tactics that BDC has used including chefluencers. This scope also includes tapping BDC staff to support coordination for tabling events. Many of these events will be in support of the Neighborhood Electrification program, but will include events supporting other initiatives as well. 2) Pass-through event costs. To simplify BDC’s support of events, they will be responsible for some of the implementation details of events such as venue fees, rentals (chairs, tables, audio and visual), catering, permits, portable restrooms, signage, etc. The remaining $140,000 in this contract will be used for SVCE to reimburse BDC for these costs that they have paid directly to vendors, on behalf of and only with prior approval from SVCE.

Item 1f
Agenda Item: 1f Agenda Date: 6/11/2025

Page 3 of 3 ends

Given the number of potential events, staff will create a task order system to track expenses to ensure costs do not exceed the authorized limits and to maximize the use of BDC for key events.

STRATEGIC PLAN
This request supports SVCE’s Strategic Focus Area number four (SFA 4) to prepare the region for electrification at scale to inform and prepare for upcoming requirements such as Bay Area Air District and California Air Resources Board rules and continue scaling SVCE efforts. A critical part of this initiative is increasing awareness of the resources offered by SVCE and influencing a positive social norm around electric technologies. As the agency expands efforts to increase awareness and promotion of these zero-emissions technologies, there is an opportunity to reach even more residents and businesses with strategic and engaging events.

ALTERNATIVE
Do not authorize the CEO to execute the agreement with the BDC. Staff would pause the launch of the Neighborhood Electrification program and need to reduce the number of events that SVCE can take on in the future. Staff would need to consider reprioritization of its efforts across all marketing and outreach activities.

To meet all current plans, staff would likely need to run another RFP to find resources and support for a similar set of activities. Staff would maintain a select and limited number of events throughout the year.

FISCAL IMPACT
Funding to support the BDC contract are included in the current fiscal year 2024-25 operating budget which have been approved as part of the Neighborhood Electrification and Community Grant programs, and general marketing and communications budget approved on an annual basis as part of the SVCE operating budget.

ATTACHMENTS

1. Agreement between the Silicon Valley Clean Energy Authority and Building Decarbonization Coalition for event planning services
Item 1f
1 AGREEMENT BETWEEN THE SILICON VALLEY CLEAN ENERGY AUTHORITY AND

BUILDING DECARBONIZATION COALIATION
FOR

EVENT PLANNING SERVICES
THIS AGREEMENT, is entered into this 12th day of June, 2025, by and between the SILICON VALLEY CLEAN ENERGY AUTHORITY, an independent public agency, ("Authority"), and BUILDING DECARB COALITION, a California 501(c)3 non profit (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 event planning services upon the terms and conditions herein.

NOW, THEREFORE, the Parties mutually agree as follows:

TERM
The term of this Agreement shall commence on June 12, 2025, and shall terminate on May 31, 2026, unless terminated earlier as set forth herein.

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.

COMPENSATION TO CONSULTANT
Consultant shall be compensated for services performed pursuant to this Agreement in a total amount not to exceed four hundred thousand dollars ($400,000.00) based on the rates and terms set forth in Exhibit "C," which is attached hereto and incorporated herein by this reference.

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

STANDARD OF CARE
Item 1f
Attachment 1
Draft Agreement with BDC
2 Consultant agrees to perform all services required by this Agreement in a manner commensurate with the prevailing standards of specially trained professionals in the San Francisco Bay Area under similar circumstances and in a manner reasonably satisfactory to Authority and agrees that all services shall be performed by qualified and experienced personnel. Consultant shall be responsible to Authority for any errors or omissions in the performance of work pursuant to this Agreement. Should any errors caused by Consultant be found in such services or products, Consultant shall correct the errors at no additional charge to Authority by redoing the professional work and/or revising the work product(s) called for in the Scope of Services to eliminate the errors.

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

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.

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.

NON-DISCRIMINATION
In the performance of this Agreement, Consultant, and any subconsultant under the Consultant, shall not discriminate against any employee, subcontractor or applicant for employment because of race, color, religious creed, sex, gender, gender identity, gender expression, marital status, national origin, ancestry, age, physical disability, mental disability, Item 1f
Attachment 1
Draft Agreement with BDC
3 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.

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

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

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

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

10. INSURANCE
Item 1f
Attachment 1
Draft Agreement with BDC
4 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.

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
Item 1f
Attachment 1
Draft Agreement with BDC
5 Consultant warrants that it, its officers, employees, associates and subcontractors, presently have no interest, and will not acquire any interest, direct or indirect, financial or otherwise, that would conflict in any way with the performance of this Agreement, and that it, its officers, employees, associates and subcontractors, will not employ any person having such an interest.

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

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

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

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

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

Consultant agrees to include within their subcontract(s) with any and all subcontractors the same requirements and provisions of this Agreement, including the indemnity and insurance requirements, to the extent they apply to the scope of the subcontractor’s work. Subcontractors hired by Consultant shall agree to be bound to Consultant and Authority in the same manner and Item 1f
Attachment 1
Draft Agreement with BDC
6 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.

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. Friday Apaliski Item 1f
Attachment 1
Draft Agreement with BDC
7 (“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’s General Counsel, 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. It is understood that Authority is subject to the California Public Records Act (Gov.

Code § 7920.000 et seq.). If a request under the California Public Records Act is made to view any documents Consultant provided to Authority, Authority shall notify Consultant of the request and the date that such records will be released to the requester unless Consultant obtains a court order enjoining that disclosure. If Consultant fails to obtain a court order enjoining that disclosure, Authority will release the requested information on the date specified.

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

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

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

Item 1f
Attachment 1
Draft Agreement with BDC
8 NOTICES TO AUTHORITY:
333 W. El Camino Real
Suite 330
Sunnyvale CA 94087
Attention: Chief Executive Officer
INVOICES TO AUTHORITY:
[email protected]
TO CONSULTANT:

Friday Apaliski
Building Decarbonization Coalition
16 Front St, PO Box 642
Lewes, DE 19958

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

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

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

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

Item 1f
Attachment 1
Draft Agreement with BDC
9 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 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.

Item 1f
Attachment 1
Draft Agreement with BDC
10 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.

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.

Item 1f
Attachment 1
Draft Agreement with BDC
11 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
_______________________________
Pamela Leonard
SVCE Dept. Director of Marketing & Communications

CONSULTANT NAME
Building Decarbonization Coalition
By: __________________________
Name: Romy Banks
Title: Managing Director of Operations
Date: __________________________

SILICON VALLEY CLEAN ENERGY

AUTHORITY
A Joint Powers Authority
By: ___________________________
Name: Monica Padilla
Title: Chief Executive Officer
Date: __________________________
Item 1f
Attachment 1
Draft Agreement with BDC
1/2025 Version 1.0
APPROVED AS TO FORM:
_______________________
Counsel for Authority
ATTEST:
_____________________
Authority Clerk
Item 1f
Attachment 1
Draft Agreement with BDC
1/2025 Version 1.0
Exhibit A
Scope of Services
Staff will work with Building Decarbonization Coalition (BDC) on scope and budget for every event, before planning begins. BDC will provide
Task A. Neighborhood Electrification and Demonstration
Core to the SVCE decarbonization is increasing adoption, awareness and education around electric technologies.

The Neighborhood Electrification pilot initiative will support neighborhood champions by throwing block parties, household gatherings or other events to promote electrification and prewiring at a neighborhood scale in preparation for Bay Area Air District appliance rules and as a way to begin to prepare the region for future zonal electrification.

The initiative aims to test incentives, civic engagement, and neighborhood action as a means to catalyze broader electrification readiness and adoption. In addition to the logistical support and implementation, BDC will be a strategic partner in event design and communication leveraging their expertise in this area.

These events generally require venue selection within the SVCE service area, full logistics planning, including invitations, entertainment, communication with partners and stakeholders (when applicable), catering, rentals, and run-of-show, as well as day-of setup.

Task B. Community Grant Celebrations
SVCE funds a series of programs and grants that have event needs throughout the SVCE service area. SVCE Community Grants are distributed to member communities, schools and other local organizations to fund electric upgrades to facilities. When these projects reach completion, SVCE and the grant recipient hold celebratory events, from ribbon cuttings to facility tours. Each event is different depending on the specific member community and project. These events are an opportunity for local leaders, elected officials, and residents to see firsthand how SVCE is reinvesting in their community and how they can benefit from clean electric technologies in their own home or business.

These events generally require venue selection within the SVCE service area, logistics planning support, including invitations, entertainment, communication with partners and stakeholders (when applicable), catering, rentals, and run-of-show, as well as day-of setup.

Task C. Member Agency Meetings
SVCE holds Member Agency Working Groups throughout the year. These meetings are an opportunity to highlight local key policies or initiatives for municipal staff. This task also includes other member-agency specific meetings around building and transportation electrification, demonstration projects, upcoming grants, etc.

Task D. Business to Business Engagement
Throughout the year, SVCE connects with key customers to better understand their needs. These events generally require an indoor venue within the SVCE service area, full logistics planning, including invitations, communication with partners and stakeholders (when applicable), catering, rentals, and run-of-show, as well as day-of setup.

Task E. Programmatic and Educational Outreach
SVCE has a variety of programs including EV and heat pump rebates where events may be used to promote SVCE offers and services to customers. This includes attracting customers to visit the Dream Home at community events where a BDC “Chefluencer” can demonstrate induction cooking. BDC brings significant subject matter expertise that will help coordinate highly relevant experiences to SVCE’s electrification goals.

Services for the tasks above include:

Item 1f
Attachment 1
Draft Agreement with BDC
1/2025 Version 1.0
● Research and booking process for venues/location, catering and event materials including but not limited to:
- Tables, chairs, flatware, linens, etc.
- Audio visual systems
- Podiums and stages
- Food trucks or local catering companies, and any required permits for cooking or distributing food - Custom ribbons, gift cards, giveaways, etc.
- Portable restrooms (if needed)
- Accessibility requirements
- Parking or other transportation needs
● Coordination with event stakeholders which may include the vendor joining virtual meetings with SVCE and city/town/county staff or other SVCE vendors.
● Planning, preparing, distributing and managing event run-of-show. ● Creation and printing of event signage.
● Creation of budget (include all costs such as set up fees, license fees, etc.; and direct labor rates and estimated hours for named project resources if applicable; and subcontractor rates if applicable for the event examples included in the proposal).
● Creation of work plan (timeline and schedule).
● Day-of-event information subject matter expertise or learning sessions about heat pumps, heat pump water heaters, induction stoves, pre-wiring, and other electrification technologies or energy efficiency measures that attendees may inquire about
● Developing, tracking, and sharing attendance sheets from events to include contact information with SVCE staff and relevant SVCE partners as designated by the Agency
Exhibit B
Schedule of Performance
This schedule may be modified with the written approval of the Authority. Events beyond the outlined dates below will be discussed and determined at a later date.

Anticipated Date
(Calendar Year)
Event Type Task
Q3 25’ – 2 events
Q4 25’,- 2 events
Q1 26’,- 2 events
Q2 26’ – 2 events
Neighborhood Electrification Program Task A
Q3 25’ – 1 event
Q4 25’ – 1 event
Q2 26’ – 1 event
Grant Ribbon Cuttings Task B
Q4 25’ – 1 event Community Grant Meetings Task C
Q3 25’ – 1 event
Q1 26’ – 1 event
Q3 26’ – 1 event
Member Agency Working Group
Meetings
Task C
Q3 25’ – 1 event
Q1 26’ – 1 event
Watts For Lunch - C&I roundtable Task D
Q4 25’ – 2 events EV Expo & Program Ribbon Cutting Task E Item 1f
Attachment 1
Draft Agreement with BDC
1/2025 Version 1.0
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 four-hundred thousand dollars . dollars ($400,000), 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
A $114,286
B $85,714
C $114,286
D $57,143
E $28,571
Total $400,000
Rates
Personnel Title Rate
Coordinator $95
Tiffany Vu, Alejandra Hurtado Associate $108
Jessica Yap, Kathrina Lopez-White, Tryn
Brown, Lindsey Holliday Senior Associate $127
Frank Vargas Associate Manager $135
John Masuga, Jessica Silber-Byrne, Noah
Cordoba Manager $153
Marycella Dumlao, Rachelle Boucher, Leada
Fuller-Marashi Sr. Manager $176
Ted Tiffiny, Robin Tung, Associate Director $184
Laura Wilson, Jeff Chenoweth, Zsofia Balogh-Simon, Beckie Menten Director $200 Item 1f
Attachment 1
Draft Agreement with BDC
—
—
—
—
1/2025 Version 1.0
Amy Rider Senior Director $211
Friday Apaliski, Brian Barnacle Managing Director $227
Panama Bartholomy Executive Director $270

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.

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 1f
Attachment 1
Draft Agreement with BDC
1/2025 Version 1.0
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:

Professional liability insurance which includes coverage for the professional acts, errors and omissions of Consultant in the amount of at least $1,000,000.

Item 1f
Attachment 1
Draft Agreement with BDC

Page 1 of 1 ends

Staff Report – Item 1g
Item 1g: Approve Member Agency Support Programs Budget Consolidation From: Monica Padilla, CEO
Prepared by: Zoe Elizabeth, Director of Decarbonization Policy and Community Strategies Date: 6/11/2025

RECOMMENDATION
Staff requests that the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) approve combining the previously-allocated budgets for Permit Simplification and Policy Experimentation into one new Permits and Policies Budget.

BACKGROUND
As part of the “Double-Down” funding allocations approved by the Board on March 9, 2022, two separate budgets were created to boost SVCE’s work supporting member agencies in simplifying permitting and in exploring new policies to address existing buildings. This work has continued since 2022 and the Board receives bimonthly reports on member agency progress.

A total of $5.5M was approved for these two initiatives and $3.2M and $1.9M remain in the Permit Simplification and Policy Experimentation budgets, respectively.

ANALYSIS & DISCUSSION
While having separate budgets has worked satisfactorily up to this point, staff have found that the work frequently pools together which makes the separate budgets less efficient. By combining the two programs into one budget, it will enable staff to more easily leverage technical resources to strategically serve both building policy codes and permit modernization efforts. For example, staff are exploring the hiring of qualified fellows who would be deployed to member agencies to support their permit and policy work directly. Having a single combined fund for this work will allow for the efficient oversight and administration of these fellows. If combined, the new budget is $5.5M.

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
The Board can choose not to support combining the two budgets, though it would continue to be less efficient.

FISCAL IMPACT
The proposed action to combine existing budgets does not add to or subtract from the overall program's budget and therefore there is no fiscal impact.

Item 1g
SILICON VALLEY \3/ CLEAN ENERGY

Page 1 of 5 ends

Staff Report – Item 1h
Item 1h: Receive 2024 Silicon Valley Clean Energy and Electrification Awareness Residential Customer Survey Results
From: Monica Padilla, CEO
Prepared by: Justin Zagunis, Director of Customer Success Pamela Leonard, Deputy Director of Marketing & Communications Date: 6/11/2025

RECOMMENDATION
Staff recommends the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) receive the 2024 SVCE and Electrification Awareness Residential Customer Survey Results.

EXECUTIVE COMMITTEE RECOMMENDATION
The Executive Committee received a presentation on the survey results on May 23, 2025, which is included as Attachment 2 for reference.

BACKGROUND
On a roughly annual basis, the marketing and communications team sends a customer survey to measure baseline awareness of SVCE and interest in electric technologies. The first survey was sent in fall 2020, just before SVCE began major marketing and outreach efforts to introduce customers to eHub, an online resource center that educates and enables action for electrification. Each subsequent survey is used to gauge whether there is an increase in awareness and likelihood of purchasing the electric technologies SVCE promotes with eHub and customer programs.

Staff utilized Evergreen Economics, one of SVCE’s Data Analytics Support Services vendors, to support this latest annual survey. The survey was fielded in January 2025 and was intended to capture customer perspectives as of the end of 2024. This year’s survey was administered later than usual to avoid the heavy survey and polling activity during the fall 2024 election and the following holiday season. The survey was sent via email and postal mail with a link to complete the survey online. A $15 incentive was offered to complete the survey and it was sent to randomly selected customers and made available in English, Spanish, Chinese, and Vietnamese.

The results are grouped by census tract into Socioeconomic Vulnerability Index (SEVI) quartiles to provide greater insight into SVCE and electrification awareness across different customer segments and identify how we can equitably conduct outreach or do more education targeting to different groups. SEVI describes the socioeconomic characteristics of census tracts within the SVCE service territory and includes five sub-indicators: education attainment, housing burden, linguistic isolation, poverty, and unemployment, which are indicators that present active barriers to energy security and decarbonization participation. When reviewing the takeaways, the first quartile, or “SEVI 1” represents the least burdened customers, and the fourth quartile, or “SEVI 4” represents those with the most economic burdens.

Item 1h
SILICON VALLEY \3/ CLEAN ENERGY
Agenda Item: 1h Agenda Date: 6/11/2025

Page 2 of 5 ends

ANALYSIS & DISCUSSION
The annual survey serves as a useful tool to help inform messaging and marketing opportunities, as the questions explore motivations for purchasing and where customers go to learn about specific technologies.

The survey focuses on EVs, heat pump water heaters, solar+battery and induction cooking.

The results of this year’s survey were as expected in terms of levels of awareness, purchasing motivations, and barriers to adoption. However, there were several new, key takeaways that staff is focusing on to inform the continued outreach and education efforts that communicate the benefits of electrification and improve customer knowledge of SVCE.

Key Takeaways
SVCE Awareness & Customer Values

1. SVCE awareness remains consistent with prior years. While recall of SVCE is high, there is not a lot of awareness of SVCE’s role in their purchase of electricity. In summary:
a. Roughly 21% of respondents were aware of SVCE’s role in their purchase of electricity; b. When prompted, 71% had heard of SVCE before this survey.

2. Lower rates are the most desired service from SVCE.
a. The question asked about programs and offers customers are interested in, if SVCE were to offer them in the future. This included discounted electricity rates, financing for electric home upgrades, rebates for battery storage, and rebates for e-bikes. Overall, respondents would like discounted electricity rates the most (92%).
b. A new question was added to gauge what customers value most from SVCE. Keeping rates low was by far the most important service offering from SVCE. Energy from clean sources comes second.
c. This is not surprising due to recent and ongoing rate increases, as discussed at the SVCE Board in several study sessions and a major focus area for SVCE in the current strategic plan.

A caveat to this finding is that the respondents were unlikely to be aware that SVCE charges comprise only one-third of their energy bill.

Electrification Technology Insights

3. When asked about considerations when making purchasing decisions, cost is the top consideration, followed by health and safety. Environmental impacts is the lowest priority reason.

4. Cost was cited in the top five barriers for each technology – EVs, heat pump water heaters, solar + battery and induction cooking.

5. There were insightful findings to inform how to disseminate information about EVs: Respondents were asked about the sources of information they use to learn more about EVs. Those respondents who are not current owners but are interested in owning an EV (the group that would be most relevant for SVCE to share information with) reported being most likely to ask friends or family, suggesting word of mouth will be their most likely source of information. a. Since customers indicate friends and family as their sources of information, this confirms the importance of getting customers into the final stage of their relationship with SVCE – becoming electrification advocates.
b. Regarding purchasing barriers, respondents were more commonly concerned about the driving range of the vehicle, the cost of purchasing one, and the operational costs of owning an EV, including electricity costs.

6. Induction cooking
a. 73% reported that they were not interested in induction cooking at this time and were not thinking about it. (25% of respondents reported already having induction.) Item 1h
Agenda Item: 1h Agenda Date: 6/11/2025

Page 3 of 5 ends

b. Respondents without cooktops were asked at the same time about what they would be interested in regarding cooktops; respondents reported being most interested in information on how they compare to gas ranges, followed by what their environmental impact is. c. Induction cooktop owners are more likely to strongly agree that induction cooktops are safer; and those who do not own induction cooktops are more likely to somewhat agree (vs. strongly agree) that they are better for the environment. This suggests that the next adopters of induction cooktops will likely be those that are more likely to agree that induction cooktops are safer. This is an opportunity to lean into safety messaging for induction.

Views on All-Electric Homes

7. By and large, respondents believe all-electric homes can improve indoor and outdoor air quality (83%, n=475), yet tend to believe that they are expensive (70%). There is a strong consensus that all-electric homes are reliable (67%) and are more energy-efficient (67%). a. Views on all-electric homes are consistent among SEVI groups for the most part, with the exception of reliability. SEVI group 4 respondents, who are more socioeconomically vulnerable, are more likely to say that all-electric homes are less reliable when compared to SEVI group 3 (43% vs. 27%), a statistically significant difference.

Year-Over-Year Comparisons

8. Compared to prior years, there is a slight increase across statements respondents believe to be true, and a decrease for the statement claiming SVCE is a company, division, or branch of PG&E. Even though overall, unaided awareness remains largely consistent with previous years, this could indicate that customers are becoming more knowledgeable about who SVCE is as a local agency (Figure 8).

Figure 8: SVCE Beliefs – Comparisons Across Prior Years Item 1h
dean energy sources. public agency. PG&E.
2020 2022 2023 2024
Agenda Item: 1h Agenda Date: 6/11/2025

Page 4 of 5 ends

9. Website user increase – When comparing across
prior years, there is an increase in customers visiting the SVCE website (Figure 14). This indicates the
efforts of staff to drive traffic to the SVCE website
for customers to learn about offers and services is
working. Of customers that indicated that they
visited the website, 55% visited to review
electricity rates, and 48% to learn more about
electric appliances.

10. The survey results show continued growth over time in interest/likelihood to purchase certain electric technologies (Figure 22). This could be due to a variety of reasons, including increased market interest, but overall, it’s a positive trend for meeting SVCE’s mission.

The survey process accounts for potential sample bias, however, some findings presented in this report suggest some potential bias in the responses. For example, respondents were asked to self-report ownership of EVs and heat pump water heaters – the percentages indicating they own these equipment are much higher than the available adoption rate data for SVCE’s territory would suggest. The differences between the survey sample and the available ownership estimates and data could be a result of misunderstanding the question or response options, or a combination of these factors. Staff will keep this information in mind and will continue working with research partners to reduce bias in future surveys.

Conducting routine awareness surveys can help SVCE gain insight into customers’ awareness, knowledge, and attitudes towards electrification and SVCE. SVCE leverages this knowledge to conduct meaningful and impactful marketing, outreach and communications. The survey methodology and question set continue to evolve and improve as more information is learned and gaps in knowledge are identified.

Figure 14: SVCE Website Use –
Comparisons Across Prior Years
Figure 22: Likelihood of Purchases – Comparisons Across Prior Years Item 1h
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2020 12022 I 2023 12024
2022 2023 2024
Agenda Item: 1h Agenda Date: 6/11/2025

Page 5 of 5 ends

The complete survey results and a copy of the survey questions are available in the attached Awareness Survey Summary of Findings. These are the findings received to date, and staff will continue to dig into it to glean additional insights or further analysis.

STRATEGIC PLAN
The annual customer awareness survey is completed in alignment with the SVCE Strategic Plan, Goal #8:

Engage customers and community stakeholders to build trust of SVCE and advance decarbonization.

ALTERNATIVE
N/A

FISCAL IMPACT
No impact to receive these results. The cost of survey development and administration was included in the FY 23-24 and FY 24-25 marketing budget. This effort spanned both fiscal years throughout the planning process, development and execution of the survey.

ATTACHMENTS

1. Awareness Survey Summary of Findings

2. May 23, 2025 Executive Committee Presentation
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Evergreen Economics
May 30, 2025
Draft 2024 Annual
Customer Survey
Summary of Results for
Silicon Valley Clean
Energy
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Table of Contents
1 EXECUTIVE SUMMARY ..........................................................................................................1

1.1 RESEARCH OBJECTIVES................................................................... ERROR! BOOKMARK NOT DEFINED.

1.2 KEY FINDINGS .............................................................................. ERROR! BOOKMARK NOT DEFINED. 2 STUDY BACKGROUND ...........................................................................................................2

2.1 METHODOLOGY.......................................................................................................................... 2

2.2 WEIGHTING DESIGN.................................................................................................................... 3

2.3 POTENTIAL RESPONDENT BIAS AND LIMITATIONS .............................................................................. 4 3 FINDINGS..............................................................................................................................5

3.1 HOME/HOUSEHOLD CHARACTERISTICS ........................................................................................... 5

3.1.1 Household Characteristics....................................................................................................... 5

3.1.2 Home Characteristics............................................................................................................... 6

3.1.3 Primary Fuel Use...................................................................................................................... 8

3.2 SVCE AND PROGRAM AWARENESS ................................................................................................ 9

3.2.1 Awareness of SVCE .................................................................................................................. 9

3.2.2 Source of Awareness.............................................................................................................. 14

3.2.3 Program Communication and Interests................................................................................. 18

3.3 AWARENESS OF AND EDUCATION ON SPECIFIC TECHNOLOGIES........................................................... 21

3.3.1 Overall Purchasing Trends and Barriers................................................................................. 22

3.3.2 Electric Vehicles....................................................................................................................... 3

3.3.3 Heat Pump Water Heaters....................................................................................................... 8

3.3.4 Rooftop Solar with Battery Storage....................................................................................... 13

3.3.5 Induction Cooktop ................................................................................................................. 15

3.4 ELECTRIFICATION AWARENESS AND EDUCATION.............................................................................. 16

3.4.1 Overall Awareness and Attitudes .......................................................................................... 16

3.4.2 Attitudes on Fossil Fuel Use................................................................................................... 19

3.4.3 Attitudes on Energy Saving Equipment/Appliances.............................................................. 20 APPENDIX A: SURVEY GUIDE.....................................................................................................25 APPENDIX B: ADDITIONAL SURVEY FINDINGS ...........................................................................39

3.5 ADDITIONAL DEMOGRAPHIC FINDINGS.......................................................................................... 39

3.6 ADDITIONAL EV FINDINGS .......................................................................................................... 41 Item 1h
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1 Executive Summary
This report summarizes findings from SVCE’s 2024 annual customer survey. • Lower electric costs remain the most important service offering among customers. • Clean energy sources are valued, but rank second to cost. • When making home or product purchases, cost consistently ranks as the most important factor, followed by health and safety.
\
• Only 21 percent of customers could correctly identify SVCE’s role in electricity generation unprompted, though 71 percent recognized the name once prompted. • Program awareness is still low overall. Only 43 percent were aware of rebate offerings. • Post mail, email and bill inserts are customers most preferred communication channels.

Research Objectives Background
• Awareness is lower in
vulnerable groups.
• Cost and info gaps are
key barriers.

Top Customer Priorities
Awareness and Communication
The survey builds on and leverages
prior efforts by ADM, with the
addition of new questions and slight
modifications while maintaining the
ability to compare across years.

1. Track customer awareness and trends over time;

2. See differences by demographic characteristics;

3. Inform marketing to targeted groups; and

4. Track technology adoption and concentrations
Technology Awareness and Barriers
Electric Vehicles Heat Pump Water Heaters
• Most respondents agree that all-electric homes improve air quality (83%) and are more energy-efficient (67%), but also perceive them as expensive (70%) • The most vulnerable respondents are more likely to view all-electric homes as less reliable and more costly, suggesting a need for targeted education. • Word of mouth is leading info source
for non-owners interested in EVs.
• Non-owners more likely than owners
to get information from news outlet.

All Electric Homes
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2 Study Background and Methodology

2.1 Methodology
Evergreen Economics fielded an annual survey to Silicon Valley Clean Energy (SVCE) customers using a multi-modal approach. The survey, which was fielded from December 2024 to January 2025, was conducted with households across socioeconomic vulnerability index (SEVI1) groups and were no more than 20 minutes in length. Respondents had the option to take the survey in English, Spanish, Mandarin, and Vietnamese, and were thanked with a $15 physical or emailed gift card. Completes by language are shown in Table 1.

Table 1: Survey Completes by Language
Survey Language
Distribution
Number of Survey
Completes
English 450
Vietnamese 17
Spanish 7
Mandarin 2
Total 476
The survey was mainly completed through postcard recruitment and a web survey, with the option for a phone survey for respondents who were not as comfortable performing tasks online (e.g., elderly, disabled, or those without convenient web access). Phone surveys would have been available only in English, although there were no respondents who took the survey via phone call.

We designed postcards and worked with SVCE’s mailing department to send them to customers inviting them to complete an online survey using a QR code and gave them a call-in number to take the survey if they would prefer. We conducted outreach and made the web survey available in all four languages using SVCE’s translation contractor.

This multi-modal approach allowed for this move away from phone interviews, which have been less successful in prior years, while still allowing the method to be utilized for respondents who prefer it.
1 California Public Utilities Commission. "Socioeconomic Vulnerability Index - 2019 Annual Affordability Report." https://www.cpuc.ca.gov/industries-and-topics/electrical-energy/affordability/socioeconomic-vulnerability-index Item 1h
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The breakdown of completed surveys by SEVI group is shown below (Error! Reference source not found.). “NA” includes customers for whom the SEVI was unknown or had not been identified, though they most closely resemble SEVI group 2, based on respondent income distribution.

The survey had a 16 percent drop-off rate. On average, those who completed the survey did so in less than 5 minutes suggesting that the length of the survey was not a large burden.

Out of all communities in the SVCE territory, majority of respondents were located in Milpitas, Sunnyvale, and Mountain View. Table 2 shows the number of completes by SVCE member agency.

Table 2: Completes by SVCE Member Agency Location
Community Count Percent
Milpitas 128 27%
Sunnyvale 95 20%
Mountain View 76 16%
Cupertino 30 6%
Unincorporated Santa
Clara County 25 6%
Gilroy 24 5%
Campbell 20 4%
Los Altos 20 4%
Los Gatos 20 4%
Saratoga 16 3%
Morgan Hill 15 3%
Los Altos Hills 4 1%
Monte Sereno 3 1%
Total 476

2.2 Weighting Design
To ensure our survey results accurately represented SVCE’s customer base, Evergreen weighted the survey data to capture overall customer statistics based on the population, adjusting for socioeconomic vulnerability differences. The data were weighted based on the distribution of SVCE customers across the SEVI groups. Each response was assigned a weight factor that adjusted its SEVI group’s influence to match with the actual prevalence of each SEVI group in the Item 1h
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population. Applying these population-based weights helped to mitigate self-selection bias and improved the generalizability of the findings.

2.3 Potential Respondent Bias and Limitations
In comparing the survey respondents to data from the US Census and American Community Survey, we note that respondents were more likely (when compared to the population in SVCE’s territory) to be higher-income homeowners who reported living in a single-family detached home.

Among those who were slightly underrepresented in the survey were those within the 18-24 and 65+ age ranges, those in manufactured homes, and those within lower household income brackets.

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3 Findings
This section focuses on findings from the most recent customer survey fielded in late 2024. We also bring in relevant findings from prior years that help indicate if customer responses are changing over time.

Findings are broken down by the following main sections:
• Home/Household Characteristics
• SVCE and Program Awareness
• Awareness of and Education on Specific Technologies
• Electrification Awareness and Education

3.1 Home/Household Characteristics
We asked respondents a series of questions regarding their household and home characteristics.

3.1.1 Household Characteristics
By definition, households in SEVI group 4 have lower household incomes than lower SEVI groups.

The unknown or “NA” SEVI group looks most similar to SEVI 2 in terms of income, though it is likely that this group is comprised of a mix of all four SEVIs (Table 3).

Table 3: Income by SEVI Group (n=469)
SEVI 1
(n=95)
SEVI 2
(n=98)
SEVI 3
(n=90)
SEVI 4
(n=100)
NA
(n=86)
Total
(n=469) Income Level
Less than $40,000 1% 2% 3% 8% 5% 4%
Between $40,000 and $64,999 2% 5% 7% 14% 2% 6%
Between $65,000 and $94,999 3% 4% 8% 10% 1% 5%
Between $95,000 and $149,999 14% 15% 23% 19% 13% 17%
Between $150,000 and $199,999 7% 10% 11% 10% 12% 10%
Between $200,000 and $249,999 12% 11% 6% 5% 8% 8%
Between $250,000 and $299,999 3% 8% 2% 4% 9% 5%
Between $300,000 and $349,999 4% 7% 6% 3% 5% 5%
Over $350,000 23% 17% 9% 10% 20% 16%
The survey captured perspectives from a wide range of age groups, though lower-numbered SEVIs skewed older. This is likely correlated with income, which is a factor in SEVIs with older Item 1h
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respondents likely to have more career experience and higher incomes than younger respondents (Figure 1).

Figure 1: Age by SEVI Group (n=476)

3.1.2 Home Characteristics
Generally, the less vulnerable a household is (using SEVI to indicate vulnerability):
• The more likely they are to live in a single-family home; • The more likely they are to own their home; and
• The more likely they are to have fewer occupants in their home (see Appendix B).

This section expands on these findings.

Respondents were more likely to own their home rather than rent, with the exception of respondents in SEVI group 4 (Figure 2). Renters were nearly always responsible for paying their electricity bills.

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100%
0%
26%
13%
14%
16%
6%
1tn =961
13%
13%
13%
11%
11%
I I
2{n=LM} 3(n=92)
10%
17%
10%
17%
25%
10%
13%
19%
37%
15%
17%
13%
19%
Total{lt=47^
18-24 25-84 35-44 «45-54 «55-64 «65+ Prefer notto answer Section 3: Findings
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Figure 2: Home Ownership by SEVI Group (n=475)
Overall, about half of the respondents live in a single-family detached home. Single-family homes were more common amongst the less vulnerable SEVI groups (Figure 3). Two percent of respondents selected Other, and 1 percent preferred not to answer and are represented by the blank space below the 100 percent line in the figure below.

Figure 3: Home Type by SEVI Group (n=468)
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22% 13%
12%
14%
5EVI3 |n=9o] iEvl4 (n=3B| NA{n=g5) Total (n=46B]
5%
20% 27%
37% 56%
53%
Manufactured home
Apartment in a building, with 4 ar mare units
Single-family hcuse detached from any aher house
Apartment in a building with 2 to 3 units
S inele-famlly huuseattached to one or more other houses Section 3: Findings
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3.1.3 Primary Fuel Use
Most respondents use natural gas as their primary heating fuel. Respondents in SEVI group 4 were the least likely to use natural gas as the fuel type to heat their home (49%, Figure 4). This finding is statistically significant when comparing SEVI group 4 to SEVI group 2.

Figure 4: Primary Fuel Type Used for Home Heating (n=433) When asked about the type of fuel they use to operate their water heater, most respondents said natural gas (70%, n=390). Among the SEVI groups, more respondents in SEVI group 4 reported that electricity was the primary fuel type used to operate their water heater (39%, Figure 5). This difference is statistically significant when compared to SEVIs 1 and 2.

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Natural gas Electricity Otter Prefer not to answer
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Figure 5: Primary Fuel Type Used to Operate Water Heater (n=390)

3.2 SVCE and Program Awareness
This section discusses the levels of awareness of SVCE among survey respondents, their opinions of the programs that are offered through SVCE, and how they view communication with program representatives. While recall of SVCE is high, there is not a lot of awareness of SVCE’s role in their purchase of electricity. In summary:
• Roughly 21 percent of respondents were aware of SVCE’s role in their purchase of electricity; • 32 percent of respondents were not confident that they had seen an SVCE charge on their bill;
• 34 percent recalled receiving an email or postal mail from SVCE; • 43 percent were aware of SVCE offering rebates for EVs; and • 71 percent had heard of SVCE before this survey.

3.2.1 Awareness of SVCE
Unaided Recall Awareness
We first asked respondents about who they believe they purchase their electricity from. The majority (88%, consistent across SEVI groups) reported that they purchase electricity from PG&E.

We then clarified with those respondents that PG&E provides the electric delivery service and asked the question again.

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SEVlL(n=S3> SEVI 2 (n=92j 5EVI3 (n=?8) SEVM |n=fi5] NA(n=52) TataI | n=3M} Natural gas Electricity Other IPrefer not to answer
Section 3: Findings
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Ultimately—after this clarification—we saw that 21 percent of respondents were aware of SVCE’s involvement in their electricity purchases (Figure 6), up from 6 percent of respondents who were aware before our clarification. Compared to prior years, the response in identifying SVCE as who respondents purchase electricity from has not changed by much, up by only 3 percent from the previous year (18% in 2023).

Figure 6: SVCE Awareness Recall – Who Do Respondents Purchase Electricity From? (n=476) 2 Beliefs About SVCE
The survey then asked respondents who were aware that SVCE provided their electricity generation service about what they thought SVCE did by prompting them with four statements:

1. SVCE is a community-owned, not-for-profit public agency.

2. SVCE electricity rates are lower than PG&E rates.

3. SVCE provides electricity from renewable and clean energy resources.

4. SVCE is a company, division, or branch of PG&E.

Seventy-eight percent of respondents (who were aware of SVCE’s involvement in their electricity provision) believed that SVCE is a community-owned, not-for-profit public agency, and 74 percent believed that SVCE electricity rates are lower than PG&E rates (Figure 7). Surprisingly, almost all respondents believed that SVCE provides electricity from renewable and clean energy sources 2 SVCE Close indicates that the respondent attempted to recall SVCE, i.e., “Silicon Valley energy, SV Clean Power, etc.”, but were not quite right or exact.

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0%

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SVCE SVCE Close PG&E/S7CE PG&E Other
Section 3: Findings
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(98%). Twelve percent believe that SVCE is a company, division, or branch of PG&E. Among SEVI groups, there were no differences in this level of understanding about SVCE’s role.

Figure 7: Beliefs About SVCE as a Company, Of Those Who Know It Provides Electricity Generation (n= 137)
Compared to prior years, there was a slight increase across statements they believe to be true, and a decrease for the statement claiming SVCE is a company, division, or branch of PG&E. This could indicate that customers are becoming more knowledgeable about who SVCE is as a local agency (Figure 8).

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Figure 8: SVCE Beliefs – Comparisons Across Prior Years Prompted Awareness
After letting respondents know that SVCE is one of the electricity providers in their region, recognition of SVCE greatly improved. Seventy-one percent of respondents stated that they had heard of SVCE before this survey, and 29 percent stated that this was the first time they had heard of SVCE (Figure 9). These differences were not statistically significant across the four SEVI groups.

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2020 2022 2023 2024
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Figure 9: Prompted Level of Awareness of SVCE Among SEVI Groups (n=476) The degree to which customers have heard of SVCE before the survey has not changed much over time (Figure 10).

Figure 10: Prompted Level of Awareness of SVCE – Comparison Across Prior Years Item 1h
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SEVIl{n=96| SEV12{n=ljM| SEVI3 5EVI4|n=102t NA(r^BB) Total^n=47fi^ Thi s Is thefirst time you have heard of Slicen VaI ley Clean Energy You have heard of SiIkon Valley dean Energy before this survey Ha vc heard of Silicon Valley dean Energy before this survey Section 3: Findings
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3.2.2 Source of Awareness
All respondents were asked if they had seen the SVCE charge on their electricity bill. In contrast to prior years, we added the option of responding “not sure.” This added a new finding, which is that roughly a third (32%) of respondents were not confident that they had an SVCE charge on their bill, and only 58 percent of respondents thought that they had (Figure 11). This did not vary by SEVI group.

Another possible source of awareness is emails and postal mail from SVCE. Thirty four percent of respondents reported having seen any email or mail from SVCE.

When compared across prior years, we saw a slight increase in those who indicated they had seen the SVCE charge on their bills; however, there were no significant differences, and responses regarding both sources of potential awareness of SVCE have remained relatively the same.

Figure 11: Source of Awareness – Comparison Across Prior Years3 Awareness of SVCE Offerings
Awareness was low across the board for prompted SVCE offerings with the exception of rebates for EVs and for heat pump water heaters (HPWHs) and HVAC (Figure 12). Even then, there was 3 The question regarding whether they have received emails or postal mail from SVCE was not asked in the 2020 survey and was then added as a new question in 2022.

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room for improved awareness, with close to 60 percent of respondents not being aware of these offerings.

Figure 12: Awareness of SVCE Offerings (n=476)
Website Usage
Only a third (35%) of respondents reported that they had visited SVCE's website at least once through multiple sources, including conducting an online search (12%) and via email (10%) (Figure 13). Seventy-seven percent of all other respondents reported that they had not visited the SVCE website.

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Rebates for electric vehicles
iRdbates for heat pump water heaters and HVAC
Go Electric Advisor
cHub, online resourcecenter
GridSbift Electric Vehicle SmartCharging App
Community grants funding localresilience projects
Education Fund grants or the Empower Silicon Valley Film Competition
Yes No
Section 3: Findings
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Figure 13: By Which Means Did Respondents Visit SVCE's Website? – Multiple Responses Allowed (n=476)
When comparing across prior years, there was an increase in the percentage of customers visiting SVCE's website (Figure 14). This is most likely informed by respondents having reported that their home has an internet provider (96%, n=476) or that they use a smart phone or mobile device with a data plan (95%, n=476). This suggests that these households are becoming more likely to have the ability to use the internet to interact with SVCE outreach efforts and information.

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Figure 14: SVCE Website Use – Comparison Across Prior Years4 There was no single reason why respondents visited the website, but the most common reasons were to review electricity rates (55%) or to learn about efficient electric appliances (46%) (Figure 15). Of those who said “other,” most mentioned rebates more generally. 4 The wording for this question has changed over time, from “Before today, have you visited the SV Clean Energy website?” in 2020, to “From emails or other means, have you visited the SV Clean Energy website?” in 2022, to the current question, “If you have visited the SV Clean Energy website, by which means have you visited the website?” Respondents were allowed to select multiple responses of those means, or to exclusively indicate that they have not visited the website.

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Figure 15: Why Did Respondents Visit SVCE's Website? – Multiple Responses Allowed (n=109)

3.2.3 Program Communication and Interests
Communication Preferences
By far, postal mail, email, and energy bills are the three most preferred means for receiving information (shown in green in Figure 16). The top three preferences remained consistent across all SEVI groups (not shown in a figure).

Figure 16: Preferences for Receiving Information About Products and Services – Multiple Responses Allowed (n=476)
Program Offer Interests
In the 2024 version of the annual survey, we added a new question to gauge what program offers customers are interested in, if SVCE were to offer them in the future. This included discounted Item 1h
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electricity rates, financing for electric home upgrades, rebates for battery storage, and rebates for e-bikes. Overall, respondents would like discounted electricity rates the most (92%, n=476, Figure 17)). This was the most common response regardless of which SEVI group respondents were in. All SEVI groups were also found to almost equally be interested in seeing financing for electric home upgrades, rebates for battery storage and e-bikes, as future program offers.

Figure 17: Program Offer Interests – Multiple Responses Allowed (n=476) Customer Values
Respondents were prompted to rank the importance of four of SVCE’s offerings:

1. Services such as rebates;

2. Keeping the cost of electricity low;

3. Investing in their community; and

4. Generating electricity from clean sources.

Lower costs for electricity was by far the most important service offering from SVCE amongst respondents, with rebates a distant second (Figure 18). Responses were consistent across SEVI groups, with the exception of the importance placed on generating electricity from clean sources.

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Figure 18: Levels of Importance of SVCE Service Offerings (n=476) While the difference is not statistically significant, more respondents in SEVI groups 1 and 2 placed the category “generating energy from clean sources” of slightly higher importance. These findings are interesting, given that discounted electricity rates were by far the most commonly chosen program offer interest (see Figure 17).

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Extremely important
Slightly important
Very important
Not at all important
Moderately important
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Figure 19: Levels of Importance of SVCE Service Offerings by SEVI (n=476)

3.3 Awareness of and Education on Specific Technologies In this section, we discuss the purchasing trends among specific appliances as well as the barriers to the adoption of and levels of interest for various measures such as electric vehicles, heat pump water heaters (HPWHs), solar rooftops with battery storage, and induction cooktops. 16%
16%
28%
30%
49%
28%
32%
33%
27%
32%
38%
22%
8%
14%
2%
8%
6%
6%
4%
6%
0% 100%
SEVI 4 (n=102)
SEVI 3 (n=92)
SEVI 2 (n=100)
SEVI 1 (n=96)
Generating electricity from clean sources
14%
17%
17%
15%
45%
27%
41%
34%
28%
30%
30%
29%
15%
18%
10%
17%
5%
4%
6%
5%
0% 100%
SEVI 4 (n=102)
SEVI 3 (n=92)
SEVI 2 (n=100)
SEVI 1 (n=96)
Investing in my community
Extremely important Very important Moderately important Slightly important Not at all important 70%
65%
80%
63%
27%
20%
17%
26%
6%
6%
7%
11%
2%
3% 2%
0% 100%
SEVI 4 (n=102)
SEVI 3 (n=92)
SEVI 2 (n=100)
SEVI 1 (n=96)
Keeping the cost of electricity low
29%
33%
31%
29%
33%
24%
25%
21%
24%
24%
28%
24%
9%
11%
10%
15%
3%
9%
11%
0% 100%
SEVI 4 (n=102)
SEVI 3 (n=92)
SEVI 2 (n=100)
SEVI 1 (n=96)
Offering services such as rebates
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3.3.1 Overall Purchasing Trends and Barriers
Regardless of the SEVI group, the majority of respondents indicated they do not own many of the measures about which we asked. The most common equipment that respondents have are smart thermostats (49%, n=475). Many respondents also indicated owning a heat pump heating and cooling system (40%, n=476) and a HPWH (34%, n=475) though these numbers are higher than we would expect and may indicate that respondents did not understand the question correctly.

Battery storage is the least commonly-owned type of equipment.

EVs stand out because despite 34 percent of respondents reporting owning an EV currently, only 25 percent have a home charger. This indicates that these respondents are finding other ways to charge outside their home. This difference is more pronounced with renters than with owners, which makes sense given that owners can make changes to their homes without consulting a landlord (Figure 20).

When comparing responses to prior years, there is a jump in the percentage of respondents who indicated they were extremely or very likely to purchase a home EV charger, aligning with the suggestion that respondents are charging elsewhere and possibly looking to charge their vehicle at home (Figure 22). Among those who said they do not own an EV, more homeowners said they were extremely or somewhat likely to purchase one in the next three years (39%, n=159). In contrast, more renters said they were extremely or somewhat unlikely to purchase an EV in the next three years (55%, n=144).

Figure 20: EV and Home Charger Ownership versus Home Ownership (n varies) Item 1h
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Figure 21: Types of Appliances or Equipment in Respondent Homes and the Likelihood of Purchasing What They Do Not Own in Next Three Years (n varies) Item 1h
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Smart thermostat (n=475) 20%
17%
Heat pump water heater (n=476)
Electric vehicle (n=475) 25%
Electricyard and garden equipment (n=475) 10%
Induction cooktop (n=475) 14%
Home electric vehicle charger (n=475) 20%
Solar system (n=476) 17%
Battery storage (n=475) 18%
0%
49% 7% 25% 18% 30%
7% 19% 23% 33%
22% 18% 40%
9% 16% 18% 32%
21% 20% 46%
21% 23% 39%
10% 16% 16% 39%
23% 17% 18% 42%
10% 23% 22% 33%
M Somewhat likely
Extremely unlikely
Heat pump heating and cooling system
(HVAC) (n=476)
0%
Extremely likely
Somewhat unlikely
100%
H Neither likely nor unlikely
Section 3: Findings
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Figure 22: Likelihood of Purchases – Comparison Across Prior Years5 5 In previous surveys, all respondents were asked “Which purchases, if any, are you likely to make within the next three years?”, allowing the option to select all that applied to them. In the current survey, this question was only asked to those who do not own the equipment to assess the likelihood of purchase. This figure presents percentages of those who were extremely or very likely to purchase.

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Prior and current options
2022
2GW
1(1% Uii
New options Of
energy
audit
Home EV
charger
Induction
cooktop
Electric
yard and
garden
equipment
None of the
above
or
evaluation
Heat pump Smart
beating thermostat
and cooIkig
system
Heat pump Electric
water vehicle
heater
2023 2024
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Compared to prior years, ownership rates of solar and battery remained relatively the same, whereas respondents reported owning significantly more EVs (34%) and HPWHs (34%), though these increased gaps are likely inflated. Estimates of self-reported ownership of EVs and HPWHs suggests the possibility that customers may have considered hybrid vehicles to be the same as electric vehicles and may not understand the difference between a HPWH versus a gas water heater. Compared to California 2023 DMV records, reported EV saturation is 13 percent. Of those who reported owning a HPWH, more respondents indicated that they use natural gas to operate their water heater (58%, n=132) versus using electricity (40%).

Figure 23: Ownership of Clean Technologies – Comparison Across Prior Years6 6 In previous surveys, questions regarding whether a respondent owns a solar system and battery storage included response options such as “I already own solar without battery storage” and “I already own solar with battery storage,” and did not ask about battery storage separately.

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Home & Product Purchase Considerations
We asked respondents to rank a set of considerations they use when purchasing products or making decisions about their homes. Respondents were given the following four considerations:
1) cost, 2) health and safety, 3) convenience/performance, and 4) environmental impacts.

Evergreen assigned a score of 1 to 4 based on the ranking that each person selected for each consideration. The most important consideration would be scored as a 4, and the least important would be scored as a 1. An average score would be 2.5. Overall, respondents ranked cost highest as a consideration, with health and safety a close second (Figure 24). These differences are not statistically significant.

Figure 24: Average Ranking of Considerations When Making Decisions about Home and Product Purchases (n=476)
Compared to the previous year’s responses, levels of importance for each consideration have not changed, with the exception of cost being ranked slightly higher this time, and environmental impacts slightly lower (Figure 25).

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Figure 25: Ranking of Home and Purchase Considerations – Comparison to Prior Years Across all SEVI groups, the average scores keep the same overall rankings consistent, with cost always coming first and environmental impacts always coming in last (Figure 26).

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Figure 26: Average Ranking of Considerations When Making Decisions About Home and Product Purchases, by SEVI Group (n=476)

3.3.2 Electric Vehicles
We asked respondents a series of questions regarding EVs: their awareness of EVs, interest level, sources of information, purchasing likelihood, and barriers to purchasing. In prior years, these series of questions were combined. Each component was asked separately to compare responses to one another.

Figure 27 shows that amongst the approximately two-thirds (65%) of respondents that do not have EVs, there is very high awareness of EVs (99%) and that almost three-quarters (73%) of respondents without EVs were interested in them based on the technology. When looking at the Item 1h
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differences in levels of interest in EVs by single-family and multifamily households, slightly more respondents who live in a single-family detached home showed higher interest (32%) compared to those in multifamily homes with four or more units (26%).

It is important to note that while a third of respondents indicated owning an EV, these findings regarding EV awareness and education are likely inflated due to the possibility of overreporting. In prior years, EV self-reported ownership was lower (20% in 2023 and 19% in 2022). It is likely that respondents may have considered an EV to also include hybrid vehicles and other types of vehicles, inflating the level of EV ownership.

Figure 27: EV Awareness and Interest, by Existing EV Ownership Current EV owners are almost twice as likely as those who do not currently own an EV to report that they are very or extremely likely to purchase an EV as their next vehicle. Regardless of current ownership, this totals to nearly half (47%) of respondents reporting that their next car purchase is very or extremely likely to be an EV (Figure 28).

Figure 28: Existing EV Ownership and Self-Reported Likelihood of Future EV Ownership We asked respondents about the sources of information they use to learn more about EVs. Those respondents that are not current owners but are interested in owning an EV (the group that would be most relevant for SVCE to share information with) reported being most likely to ask friends or Item 1h
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Has EV Does not have EV
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Have heard of EVs {n=311}
27%
MX
99%
Interested based on 73%
technology (n=311)
Current Ownership
Extremely or Very
Likely Future
Ownership
Does not have EV
MX 65%
i
75% F 32%
report being extremely or
very likely to purchase EV
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family, suggesting word of mouth will be their most likely source of information (Figure 29). They are also more likely to get information from the news than those who already have EVs, suggesting that local news segments or stories may be another good source of education about EVs and SVCE’s programming.

Figure 29: Sources of Information for Electric Vehicles – Of Those Who Do and Do Not Own (n varies)
We asked respondents about potential purchasing barriers when it comes to buying or leasing an EV. Respondents were more commonly concerned about the driving range of the vehicle, the cost of purchasing one, and the operational costs of owning an EV, including electricity costs (Figure 30). These purchase barriers were relatively the same across all SEVI groups. More respondents that own an EV indicated that the driving range of the vehicle would be a higher barrier than the cost of owning one, compared to those who do not already own an EV (74% vs. 62%, respectively).

Of those who selected “Other,” 69 respondents provided a free response to specify other possible purchase barriers. Respondents mentioned the cost of maintenance, specific fears regarding the battery such as potential fires or explosions, the degradation of the battery, worries about the Item 1h
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Friend or family
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News
Dealerships
Social media such as Facebook or Instagram
SV Clean Energy website
Community workshops/Ride & Drive events
0% 80%
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environmental impact of EV materials, and their personal political values, as well as not wanting or needing an EV in the future.

Figure 30: Purchase Barriers for Electric Vehicles – Of Those Who Do and Do Not Own (n varies) Ability to Charge EVs
EV ownership (34%) is higher than home charger ownership (25%) (Figure 21), suggesting that not everyone is charging their EVs at home. This is not surprising, knowing that only 56 percent of the respondents have proximity to an outlet from where they park at home. Figure 31 indicates that homes in less vulnerable SEVI groups are more likely to have an outlet nearby. With just over half of all respondents having easy access to an outlet, there are significant challenges to charging EVs in SVCE’s territory. This issue is even more prevalent for those in higher vulnerability SEVI groups and is likely correlated with home type.

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Of Those Who Own an Electric Vehicle (n=161)
Driving range of the vehicle
Cost of purchasing or leasing an electric vehicle
Cost of operating an electric vehicle
Don't know where to charge it away from home
Not enough models or styles to choose from
No place to charge the vehicle at my home
Reliability of the technology
Concern about the safety of EV battery systems
Unable to find one for sale
Don't know enough information
0% 80%
Of Those Who Do Not Own an EV But Are Interested (n=228) Cost of purchasing or leasing an electric vehicle
Driving range of the vehicle
No place to charge the vehicle at my home
Don't know where to charge it away from home
Cost of operating an electric vehicle
ReIiability of the technology
Concern about the safety of EV battery systems
Not enough models or styles to choose from
Don't know enough information
Unable to find one for sale
0% 80%
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Figure 31: Proximity to an Electric Outlet with Parked Vehicle by SEVI Group (n=466) Across different home types, those who live in an apartment building were much less likely to park their vehicle within 20 feet of an electric outlet compared to those who own a single-family home (Figure 32).

Figure 32: Presence of an Electric Outlet within 20 Feet of Parked Vehicle, by Home Type (n varies)
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100%
0%
SBVI l{n4C) S^I3{n42] 5B/14|n»lO2J NA (n=86) Tot^n^te)
Yes hNo Not sure Prefer not tosay
Manufactured home (n=6)
Single-family house detached
from any other house (n=2 34)
Single-family house attached
to one Dr more other houses (n=69)
Apartment in a building
with 2 to 3 units (n=ll)
Apartment in a budding
with 4 or more units (n=137)
0% 100%
Yes No INot sure
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3.3.3 Heat Pump Water Heaters
We asked respondents a series of questions regarding HPWHs to assess their level of awareness of the equipment, interest, sources of information, purchasing likelihood, and barriers to adopting HPWHs. In previous years, these series of questions were combined. Current questions were asked separately to compare responses to one another.

About a third of the respondents reported having HPWHs (Figure 33). Of those who reported not having HPWHs, just over half (57%) have heard of them. Of the two-thirds of respondents who do not have a HPWH and know what they are, there is high interest in them based on the technology.

Responses in the level of interest between renters and homeowners did not vary.

While a third of respondents indicated that they own a HPWH, it is likely that respondents may have misidentified what a HPWH is, suggesting that respondents have overreported ownership of the technology. This is further evidenced when we asked respondents what fuel type they primarily use to operate their water heater (Figure 5). Additionally, in prior years, self-reported ownership of HPWHs was much lower in comparison (10% in 2023 and 7% in 2022). Thus, these responses regarding HPWH awareness and education are likely inflated due to overreporting of ownership.

Figure 33: HPWH Awareness and Interest, by Existing HPWH Ownership Awareness of HPWHs is higher in less vulnerable SEVI groups. When comparing across SEVI groups, most respondents in SEVI groups 1 and 2 know what a HPWH is, while those in SEVI groups 3 and 4 have less awareness of HPWHs (Figure 34). This difference is statistically significant when comparing respondents in SEVI group 2 to respondents in SEVI group 4.

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Figure 34: Awareness of Heat Pump Water Heaters by SEVI Group – Of Those Who Do Not Own (n=315)
Of those who indicated that they have heard of HPWHs, we asked for their level of interest in the technology. Across all SEVI groups, levels of interest vary greatly, though the number of respondents who were aware was not large enough for statistically significant findings across these groups. Overall, 70 percent of respondents reported being somewhat to extremely interested in HPWHs (Figure 35).

Figure 35: Level of Interest in Heat Pump Water Heaters by SEVI Group – Of Those Who Are Aware (n=178)
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SEV11
(n=H|
5EVI2 5EVI3 SEVI4 NA(n=S4| Total
(n=64} |n=51} |n=71J
I Yej No
100%
0%
10%
14%
43%
16%
16%
23%
15%
33%
21%
8%
a%
15%
23%
19%
13%
20%
43%
t3
17%
14%
14%
43%
29%
14%
16%
39%
16%
15%
5EVI1 Jn=49] 4EVI 2 (n=i2| 5EVI3 (n=26) i£vi4 (30) hJA (n=21> T<rtal(n=L^ Extremely interestsd Very interested Somewhat interested Nat w interested Nat at all interested
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When asked about the likelihood of purchasing a HPWH for their next water heater, only 16 percent of survey respondents reported that they are extremely or very likely to make it their next purchase; this is in part because many respondents who do not have a HPWH currently have not heard of HPWHs (Figure 34).

Figure 36: Self-Reported HPWH Ownership Likelihood – Of Those Who Are Aware (n=178) Generally, the reported likelihood of purchasing a HPWH as the next water heater purchase does not differ in a statistically significant way between people who currently have HPWHs and those who do not (Figure 37).

Figure 37: Likelihood of Purchasing a HPWH as Next Water Heater – Of Those Who Do vs. Do Not Own but Are Aware (n=339)
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Of all respondents report
being extremely or very
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next
Owns a taat pump water taater (n=161) 17% 1154 4054 18% 1354 Total(n=339)
Does not own a heat pump water heater
(n=178} 14% is% u 33% 19% 1854
1594 14%| 36% 19% 16%
0% 100%
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If SVCE is interested in getting additional information to respondents who do not currently own a HPWH but are interested in the technology, do-it-yourself or home renovation media is the most popular source of information (Figure 38).

Figure 38: Sources of Information to Learn about HPWHs – Of Those Who Do and Do Not Own (n varies)
When asked about the barriers to purchase and install HPWHs, most respondents indicated the cost to purchase and install them as the biggest barrier, followed by the belief that they do not think they will need to replace what they have in the next three years, as well as not knowing enough information about the technology. This compares with the previous finding that respondents are generally unaware of the equipment or have not heard of what a HPWH is (Figure 34).

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Of Those Who Own Heat Pump Water Heater (n=161)
Of Those Who Do Not Own Heat

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Electrician
Friend or family
Plumber
Contractor
Social media such as Facebook or Instagram
SV Clean Energy website
Electrician
Plumber
Community workshops
Contractor
Do it yourself or home renovation media
Community workshops
SV Clean Energy website
Social media such as Facebook or Instagram
Do it yourself or home renovation media
Friend or family
News
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Figure 39: Purchase Barriers for Heat Pump Water Heaters – Of Those Who Do and Do Not Own (n varies)
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Of Those Who Own Heat Pump Water Heater (n=161)
Cost of purchase and installation
Don't need to replace it in the next three years
Don't know enough information
Does not work for my property or I do not own my home
Cost of electricity to heat water
Need to upgrade electric system
Having to search for a qualified contractor
Not enough available models
No space in my home for a tank water heater
Reliability of the technology
Of Those Who Do Not Own Heat

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Cost of purchase and installation
No need to replace it in the next three years
Need to upgrade electric system
Don't know enough information
Cost of electricity to heat water
Having to search for a qualified contractor
Does not work for my property or I do not own my home
Reliability of the technology
No space in my home for a tank water heater
Not enough available models
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3.3.4 Rooftop Solar with Battery Storage
We asked respondents a series of questions about rooftop solar with battery storage to gauge their level of awareness, interest, sources of information, and purchase barriers. Previously, these series of questions were combined. The current questions were asked separately to compare responses.

Of those who indicated they do not have solar or battery storage, respondents overall said they have heard of rooftop solar with battery storage (88%, n=33). When compared across SEVI groups, almost if not all respondents in SEVI groups 1, 2, and 3 said they know what rooftop solar with battery storage is, whereas only half of those in SEVI group 4 said they had heard of it before.

Based on what the respondents reported knowing about rooftop solar with battery storage, we asked about their level of interest in the technology. Those who said they had heard of this technology indicated that overall, they are extremely interested in it (68%, n=29).

We asked respondents what sources of information they use to learn more about rooftop solar with battery storage. The most common response was that they do not use any sources of information to learn about it (22%, n=476). Almost half of those who do not own solar or battery storage do not seek information about the technology (44%, n=352), compared to those who do own it (25%, n=124). This is the most common response regardless of SEVI group.

Comparing those who own solar or battery storage and those who do not, the most common sources of information were through friends or family, followed by the news and do-it-yourself or home renovation media such as magazines, YouTube channels, TV shows, or blogs. Sources such as SVCE's website, community workshops, and plumbers were the least common sources of information (Figure 40).

Of those who selected 'Other', 22 respondents left a free response to indicate other sources of information they use. These sources included work, school, specific websites, and online advertisements.

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Figure 40: Sources of Information for Rooftop Solar with Battery – Of Those Who Own and Do Not Own (n varies)
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Cost is the largest reported barrier for respondents without solar or battery storage. When asked about the possible barriers that would stop respondents from purchasing rooftop solar with battery storage, respondents who do not own either most commonly responded that the biggest barriers to purchasing the technologies are the cost of purchasing and installing solar (93%) and the cost of purchasing and installing a battery (90%) (n=29) (Figure 41).

Figure 41: Purchase Barriers for Rooftop Solar with Battery Storage – Of Those Who Do Not Own, Multiple Responses Allowed (n=29)

3.3.5 Induction Cooktop
Twenty-five percent of all respondents already have induction cooktops. Of the remaining respondents without induction cooktops, 73 percent reported that they were not interested in induction cooking at this time and were not thinking about it (Figure 42). Respondents without cooktops were asked at the same time about what they would be interested in regarding cooktops; respondents reported being most interested in information on how they compare to gas ranges, followed by what their environmental impact is, and with induction cooktop user guides as the least common interest.

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Figure 42: Induction Cooktop Interests of Those Without Induction Stoves, Multiple Responses Allowed (n=354)

3.4 Awareness and Education
This section breaks down overall customer awareness and general attitudes regarding energy efficient appliances, electrification, and fossil fuel usage.

3.4.1 Overall Awareness and Attitudes
Views on All-Electric Homes
We asked respondents to indicate whether each statement about all-electric homes was true or false to gauge their beliefs and overall attitudes. Respondents were given the following statements:
• All-electric homes are more energy efficient.
• All-electric homes are expensive.
• All-electric homes improve indoor and outdoor quality. • All-electric homes are less reliable.

By and large, respondents believe all-electric homes can improve indoor and outdoor air quality (83%, n=475), yet tend to believe that they are expensive (70%). There is a strong consensus that all-electric homes are more energy-efficient (67%) (Figure 43).

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Figure 43: Percent of Respondents Who Agree with Statements on All-Electric Homes (n=475) When comparing the findings against prior years, we see that there is a slight uptick in how much customers agree with the statements that all-electric homes improve indoor and outdoor air quality, are more energy-efficient, and that they are expensive (Figure 44). This suggests that overall views on all-electric homes are generally positive and are becoming increasingly more so.

Figure 44: All-Electric Homes – Comparisons Across Prior Years7 7 In the current survey, a new statement “All-electric homes are less reliable” was added, which asked respondents to indicate whether the statement was true or false.

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Broken down by SEVI group, regarding the statement “all-electric homes are expensive,” we can see that more respondents in SEVI group 4 (the group with the highest vulnerability) indicated this statement to be true compared to the other SEVI groups (76%). Additionally, regarding the statement “all-electric homes improve indoor and outdoor air quality,” more respondents in SEVI group 1 (the group with the lowest vulnerability) indicated this statement to be true compared to other SEVI groups (88%) (Figure 45). Both these results are statistically significant at the 90 percent confidence interval.

Views on all-electric homes are consistent among SEVI groups for the most part, with the exception of reliability. SEVI group 4 respondents, who are more socioeconomically vulnerable, are more likely to say that all-electric homes are less reliable when compared to SEVI group 3 (43% vs. 27%), a statistically significant difference.

Figure 45: Percent of Respondents Who Agree with Statements on All-Electric Homes, by SEVI Group (n=475)
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3.4.2 Attitudes on Fossil Fuel Use
Respondents were asked questions to gauge their attitudes on fossil fuel use using a rating scale from 0 to 10, with 0 indicating not at all likely to be worried about their fossil fuel use and 10 indicating a great deal or extremely worried.

When asked about the extent to which they feel a personal responsibility to reduce their fossil fuel use, the average score among respondents was a 6.3, indicating that respondents feel somewhat responsible for reducing their fossil fuel use. Respondents were also asked about how much they had thought about their fossil fuel use before the point they took the survey. The average score among respondents was a 5.8.

Finally, when asked about how worried they are about their fossil fuel use, the average overall rating was slightly lower, at 5.4 (n=473) (Figure 46).

Figure 46: Attitudes Toward Fossil Fuel Use (n varies)
When broken down by SEVI group, we do not see differences that are statistically significant (Figure 47). Interestingly, when comparing attitudes of fossil fuel use against prior years, there is a slight decrease in the extent to which they feel personally responsible for, have thought about, and are worried about their fossil fuel use. However, there is no statistically significant difference across these responses.

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Figure 47: Attitudes Towards Fossil Fuel Use – Comparison Across Prior Years

3.4.3 Attitudes on Energy Saving Equipment/Appliances
Customers were asked about their overall opinions and attitudes regarding energy saving equipment or appliances such as electric vehicles, water heaters, and induction cooktops.

Respondents were asked to indicate how much they agree with the following statements:
• Driving an electric vehicle is better for the environment than driving a standard gas vehicle. • Using electricity to power your water heater is better for the environment than using natural gas.
• Using an electric induction cooktop is better for the environment than using a gas stove. • Using an electric induction cooktop is safer than using a gas stove.

In general, approximately 70 percent of respondents somewhat or strongly agreed with the above statements, with the majority of the remaining respondents giving a neutral response. To contextualize the findings from Figure 48:
• Regarding beliefs about EVs: The finding aligns with earlier findings about level of interest with SVCE regarding EVs and charging (see Figure 17).
• Regarding beliefs about water heaters: Respondents were less likely to strongly agree with the statement about electric water heaters being better for the environment than natural Item 1h
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gas. This is perhaps due to the overall lack of awareness (see Figure 34) or knowledge of appliances such as a HPWH and its energy saving capabilities.

Figure 48: Opinions on Energy Saving Equipment (n=476)
When analyzing across prior years, only one question was kept among the group of statements, and three new statements were added. For the statement “Driving an electric vehicle is better for the environment than driving a standard gas vehicle,” the comparison of the current year’s response against prior years has not changed by much, with only a 4 percent increase compared to the previous year.

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Figure 49: Opinions on Energy Saving Equipment – Comparison Across Prior Years8 We analyzed each statement by comparing those who own the related appliance or equipment with those who do not own it to see the differences in the levels of agreement. Of those who own an EV, more respondents strongly agreed with the statement “Driving an electric vehicle is better for the environment than driving a standard gas vehicle” compared to those who do not own an EV (Figure 50).
8 In the current survey, prior question categories were slightly modified, and new questions were added to gauge customer opinions on all energy saving equipment being asked throughout the survey. The question “Using your electricity to heat your home is better for the environment than using natural gas to heat your home” was modified to specifically ask about opinions on HPWHs. The question “Using electricity to heat your home is safer than using natural gas to heat your home” was replaced with the question “Using an electric, induction cooktop is safer than using a gas stove” to target opinions on induction cooktops.

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Figure 50: Comparison Between Those Who Do/Do Not Own Electric Vehicle (n=475) When comparing those who own a HPWH and those who do not in responding to the statement “Using electricity to power your water heater is better for the environment than using natural gas,” respondents were less inclined to strongly agree with the statement, regardless of whether or not they own the equipment (Figure 51). This tracks with the possibility of respondents overreporting and misidentifying the differences between the gas and electric versions of this technology and whether or not they do own the equipment.

Figure 51: Comparison Between Those Who Do/Do Not Own Heat Pump Water Heater (n=475) Item 1h
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Strongly agree
Somewhat disagree
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We compared the following two statements regarding induction cooktops across those who own them and those who do not and found two statistically significant differences that indicate that:
• Induction cooktop owners are more likely to strongly agree that induction cooktops are safer; and
• Those who do not own induction cooktops are more likely to somewhat agree (vs. strongly agree) that they are better for the environment (Figure 52).

This suggests that the next adopters of induction cooktops will likely be those that are more likely to agree that induction cooktops are safer.

Figure 52: Comparison Between Those Who Do/Do Not Own Induction Cooktop (n=476) Item 1h
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Using an electric, induction cooktop is better for the environment than using a gas stove.

Strongly agree H Somewhat agree H Neither agree nor disagree Somewhat disagree H Strongly disagree
Using an electric, induction cooktop is safer than using a gas stove.

Strongly agree H Somewhat agree Neither agree nor disagree Somewhat disagree Strongly disagree
Appendix A: Survey Guide
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Appendix A: Survey Guide
Appendix A includes the survey guide utilized for this study.

Screening
Thank you for taking the time to take this survey. Please note that all responses will be kept confidential. [reminder of incentive]

1. Our records say that you live at [ADDRESS]. Is that your current address?

1. Yes

2. No

2. [IF Q1 =2] What city do you live in?

1. Campbell

2. Cupertino

3. Gilroy

4. Los Altos

5. Los Altos Hills

6. Los Gatos

7. Milpitas

8. Monte Sereno

9. Morgan Hill

10. Mountain View

11. Saratoga

12. Sunnyvale

13. Unincorporated Santa Clara County (including Alum Rock, Burbank, Cambrian Park, East Foothills, Lexington Hills, Loyola, San Martin, Fruitdale, and any other unincorporated location)

14. None of the above [Terminate survey: Display: Thank you for that information but you do not qualify for this survey.]
SVCE Awareness

3. From whom do you currently purchase electricity?
[Text entry]
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4. [Display if (Q3 contains “PGE” or “PG&E” or “Pacific” or “Gas” ) and (Q3 does not contain “SVCE” or “Silicon” or “Valley” or “Clean”, “SV”)] [Select ignore case] It seems like you mentioned PG&E. PG&E provides your electricity delivery service. Do you know who provides your electricity generation service?

1. Yes, please specify:__________________

2. No

5. One of the electricity providers in your region is Silicon Valley Clean Energy. Which of the following describes your awareness of Silicon Valley Clean Energy?

1. You have heard of Silicon Valley Clean Energy before this survey

2. This is the first time you have heard of Silicon Valley Clean Energy

6. [IF Q4 =1] Which of the following statements about Silicon Valley Clean Energy, also known as SV Clean Energy, are true or false. Your best guess is fine. [Response options: 1 = True, 2 = False]

1. SV Clean Energy is a community-owned, not-for-profit, public agency

2. SV Clean Energy electricity rates are lower than PG&E rates

3. SV Clean Energy provides electricity from renewable and clean energy sources

4. SV Clean Energy is a company, division, or branch of PG&E

7. You live in a community that SV Clean Energy provides electricity for. SV Clean Energy works with PG&E to provide your electricity service and you receive a monthly bill from PG&E for your electricity use.

Have you seen the SV Clean Energy Electric Generation charge on your electricity bill?

1. Yes

2. No

3. Not sure

8. Residents in your community have choices when it comes to who provides their energy. Below are some services that Silicon Valley Clean Energy provides. For each, can you tell us how important they are to your choice? [Matrix of not at all important to extremely important]

1. Generating electricity from clean sources

2. Investing in my community

3. Keeping the cost of electricity low

4. Offering services, such as rebates
Item 1h
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 27
Program Awareness

9. Have you heard of the following programs that are offered by SV Clean Energy? [Response options: 1 = Yes, 2 = No]

1. eHub, online resource center

2. Go Electric Advisor

3. Rebates for heat pump water heaters and HVAC

4. Rebates for electric vehicles

5. GridShift Electric Vehicle Smart Charging App

6. Education Fund grants or the Empower Silicon Valley Film Competition

7. Community grants funding local resilience projects

10. Have you received any emails or postal mail from SV Clean Energy?

1. Yes

2. No, not that you recall

11. If you have visited the SV Clean Energy website, by which means did to visit the site? Select all that apply. [Multiselect. Randomize 2 – 7]

1. I have not visited the website [Exclusive]

2. Email

3. Online Ad

4. Video Ad

5. Online search

6. Social media

7. Community newsletter

12. [IF Q11 !=1] What have you visited the SV Clean Energy website for? Please select all that apply. [Multiselect]

1. Review electricity rates

2. Learn more about payment assistance programs

3. Learn more about electric vehicles

4. Learn more about solar and batteries

5. Learn more about efficient, electric appliances

6. Other (specify): _______

13. How would you prefer to get information from SV Clean Energy on clean energy products and services? Please select up to three from the list below. [Multiselect. Limit to three selections. Randomize 1 -11]

1. Email
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 28

2. Postal mail

3. Radio advertisements

4. Local television station advertisement

5. Video streaming advertisement (such as YouTube or Hulu)

6. Newspaper

7. Facebook

8. X (formerly Twitter)

9. Instagram

10. Nextdoor

11. With energy bill

12. Some other way: __________

14. [IF Q13 = 12] What other way do you think SV Clean Energy should use to inform you and your neighbors about the clean energy products and services they offer? [Text entry]

15. Below is a list of programs that SVCE may offer in the future. Which programs would you be most interested in, if SVCE were to offer them? Choose all that apply. (Randomize 1 - 4)

1. Financing for electric home upgrades

2. Discounted electricity rates

3. Rebates for battery storage

4. Rebates for e-bikes

5. Other: __________
Awareness and Education of Specific Technologies

16. Below is a list of appliances or equipment that you may have in your home. For each, please tell us yes or no if you use it in your home. [Yes or NO for each; Randomize options]

1. Smart thermostat

2.Electric vehicle

3. Home electric vehicle charger

4. Heat pump water heater

5. Solar system

6. Battery storage

7. Induction cooktop

8. Heat pump heating and cooling system (HVAC)

9. Electric yard and garden equipment
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 29

17. Next is a list of appliances that you said you don’t currently use in your home. For each, can you tell us how likely you are to purchase one in the next 3 years? [Carry forward NO from above; matrix with not at all likely to extremely likely]

18. [IF Q16 2 = NO] Have you heard of electric vehicles?

1. Yes

2. No [SKIP to Q23]

19. [IF Q18 = 1] Based on what you know about electric vehicles, how interested are you in this technology?

1. Extremely interested

2. Very interested

3. Somewhat interested

4. Not so interested

5. Not at all interested

20. What sources of information have you used to learn about electric vehicles? Please select all that apply. [Multiselect. Randomize 2 -8]

1. I have not used any sources of information to learn about electric vehicles. [Make exclusive]

2. SV Clean Energy website (including the Electric Vehicle Assistant online tool)

3. Friend or family

4. Community workshops/Ride & Drive events

5. News

6. Dealerships

7. Social media such as Facebook or Instagram

8. Automotive media such as magazines, websites, YouTube channels, television shows, or blogs

9. Other (specify): _________

21. How likely are you to choose an electric vehicle for your next vehicle purchase?

1. Extremely likely

2. Very likely

3. Somewhat likely

4. Not so likely

5. Not at all likely
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 30

22. What are the top three things that may stop you from purchasing or leasing an electric vehicle. [Multiselect. Limit to three selections. Randomize 1 -10]

1. Cost of purchasing or leasing an electric vehicle

2. Cost of operating an electric vehicle, including electricity costs

3. Driving range of the vehicle

4. Reliability of the technology

5. Don’t know enough information about electric vehicles

6. Not enough models or styles to choose from

7. Not having a place to charge the vehicle at my home

8. Not knowing where I can charge it away from my home

9. Concern about the safety of electric vehicle battery systems

10. Unable to find one for sale

11. Other (specify):____________

23. [IF Q16 4 = NO] Have you heard of heat pump water heaters? These are efficient, electric water heaters. [Insert image of HPWH]

1. Yes

2. No [SKIP to Q28]

24. [IF Q23 = 1] Based on what you know about heat pump water heaters, how interested are you in this technology?

1. Extremely interested

2. Very interested

3. Somewhat interested

4. Not so interested

5. Not at all interested

25. What sources of information have you used to learn about heat pump water heaters? Please select all that apply. [Multiselect. Randomize 2 -11]

1. I have not used any sources of information to learn about heat pump water heaters. [Make exclusive]

2. SV Clean Energy website (including the Appliances Assistant online tool)

4. Friend or family

5. Community workshops

6. News

7. Contractor

8. Plumber
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 31

9. Electrician

10. Do it yourself or home renovation media such as magazines, websites, YouTube channels, television shows, or blogs

11. Social media such as Facebook or Instagram

12. Other (specify): _______________

26. How likely are you to choose a heat pump water heater for your next water heater purchase?

1. Extremely likely

2. Very likely

3. Somewhat likely

4. Not so likely

5. Not at all likely

27. What are the biggest barriers you face to installing a heat pump water heater? Please select up to three options. [Multiselect. Limit to three selections. Randomize 1 -9]

1. Cost of purchase and installation

2. I do not have space in my home for a tank water heater

2. Cost of electricity to heat water

3. Reliability of the technology

4. Don’t know enough information

5. Not enough available models

6. Having to search for a qualified contractor

7. Need to upgrade electric system such as add an outlet, upgrade electric panel

8. Does not work for my property or I do not own my home

9. I don’t think we’ll need to replace it in the next three years

10. Other: _______________

28. [IF Q16 BOTH 5 & 6 != YES] Have you heard of rooftop solar with battery storage?

1. Yes

2. No [skip to Q32]

29. [IF Q28 = YES] Based on what you know about solar with battery storage, how interested are you in this technology?

1. Extremely interested

2. Very interested

3. Somewhat interested

4. Not so interested

5. Not at all interested
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 32

30. What sources of information have you used to learn about solar with battery storage? Please select all that apply. [Multiselect. Randomize 2 -10]

1. I have not used any sources of information to learn about solar and battery storage. [Make exclusive]

2. SV Clean Energy website (including the Solar + Battery Assistant online tool)

3. Friend or family

4. Community workshops

5. News

6. Contractor

7. Plumber

8. Electrician

9. Do it yourself or home renovation media such as magazines, websites, YouTube channels, television shows, or blogs

10. Social media such as Facebook or Instagram

11. Other (Specify): ____________

31. [IF Q25 BOTH 5 & 6 != YES] What are the biggest barriers you face for installing solar with battery storage? Please select up to three options. [Multiselect. Limit to three selections.

Randomize 1 -5]

1. Cost of purchase and installation of solar

2. Cost of purchase and installation of battery

3. Reliability of the technology

4. Don’t know enough information

5. Does not work for my property or I do not own my home

6. Other (specify): ______

32. [IF Q16 7 = NO] Induction cooktops are an efficient, electric cooking surface that uses a magnetic field to heat cookware.

Thinking about buying an induction cooktop, which of the following would you be interested in? Select all that apply. [Multiselect. Randomize 2 -4]

1. Not interested at this time/not thinking about buying an induction cooktop

2. Induction cooktop user guides

3. Information on similarities and differences between induction cooktops and gas ranges

4. Information on environmental impact of induction cooktops

5. Other (please specify): _______________
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 33
Electrification Awareness and Education

33. We are interested in your thoughts on all-electric homes. For the following statements, please mark if you feel they are true or false. [Scale: 1 = True, 2 = False] a) All-electric homes are more energy efficient
b) All-electric homes are expensive
c) All-electric homes improve indoor and outdoor air quality d) All-electric homes are less reliable
The next few questions are about your attitudes towards fossil fuel use. Fossil fuels include coal, oil, natural gas, and propane.

34. Using a scale where 0 means not at all and 10 means a great deal, to what extent do you feel a personal responsibility to try to reduce the use of fossil fuels? [Scale: 0 (Not at all) – 10 (A great deal)]

35. Using the same scale, how much have you thought about your use of fossil fuels before today?
[Scale: 0 (Not at all) – 10 (A great deal)]

36. Using a scale where 0 means not at all worried and 10 means extremely worried, how worried are you about your use of fossil fuels?
[Scale: 0 (Not at all) – 10 (Extremely worried)]
Please mark how much you agree or disagree with the following statements.

37. Driving an electric vehicle is better for the environment than driving a standard gas vehicle.

1. Strongly agree

2. Somewhat agree

3. Neither agree nor disagree

4. Somewhat disagree

5. Strongly disagree

38. Using electricity to power your water heater is better for the environment than using natural gas.

1. Strongly agree

2. Somewhat agree

3. Neither agree nor disagree

4. Somewhat disagree

5. Strongly disagree
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 34

39. Using an electric, induction cooktop is better for the environment than using a gas stove.

1. Strongly agree

2. Somewhat agree

3. Neither agree nor disagree

4. Somewhat disagree

5. Strongly disagree

40. Using an electric, induction cooktop is safer than using a gas stove.

1. Strongly agree

2. Somewhat agree

3. Neither agree nor disagree

4. Somewhat disagree

5. Strongly disagree

41. Please rank the following considerations when making decisions about your home and the products you purchase in order from most important to least important.

Click and drag the options to rank them [Randomize]

1. Environmental impacts

2. Health and safety

3. Cost

4. Convenience/performance
Demographics and Home Characteristics [Do not display title] The next few questions are about you and your home. Like all of your responses, we will keep your answers confidential.

42. Do you rent or own your home?

1. Own

2. Rent

98. Don’t know

99. Prefer not to answer

43. [IF Q42 = 2] Can you tell us which best describes how you or someone in your household pays your electricity bill?

1. I or someone in my household pays the electricity bill directly to the local utility

2. The electricity bill is included in the rent
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 35

3. Something else: _______

4. Don't know

44. For each of the following, please tell us if you use it to access the internet in your home:
[Response options: 1 = Yes, 2 = No.]

1. A smartphone or mobile device with a data plan

2. An internet provider

3. I do not have internet access in my home

45. Which of the following best describes your home?

1. Manufactured home

2. Single-family house detached from any other house

3. Single family house attached to one or more other houses, for example, duplex, row house, or townhome

4. Apartment in a building with 2 to 3 units

5. Apartment in a building with 4 or more units

6. Other: __________________

98. Don’t know

99. Prefer not to answer

46. Do you or any member of your household park a vehicle, of any type, within about 20 feet of an electric outlet?

1. Yes

2. No

98. Not sure

99. Prefer not to answer

47. What is the primary fuel type used to heat your home?

1. Natural gas

2. Electricity

3. Other: __________________

98. Don’t know

99. Prefer not to answer

48. What is the primary fuel type to operate your water heater?

1. Natural gas

2. Electricity

3. Other: __________________
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 36

98. Don’t know

99. Prefer not to answer

49. Including yourself, how many people lived in your home in 2023 for more than half of the year?

1. 1 person

2. 2 people

3. 3 people

4. 4 people

5. 5 people

6. 6 people

7. 7 people

8. 8 or more people

98. Don’t know

99. Prefer not to answer

50. What is your age?

1. 18-24

2. 25-34

3. 35-44

4. 45-54

5. 55-64

6. 65+

99. Prefer not to answer

51.[Display if survey was administered in English] What languages other than English are spoken at your home? [Multiselect]

0. Only English is spoken [Make exclusive]

1. Spanish

2. Mandarin

3. Vietnamese

4. Tagalog

5. Hindi

6. Korean

7. Japanese

8. Other

99. Prefer not to answer [Make exclusive]

52. Which of the following categories best describes your total household income in 2023? Item 1h
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 37

1. Less than $40,000

2. Between $40,000 and $64,999

3. Between $65,000 and $94,999

4. Between $95,000 and $149,999

5. Between $150,000 and $199,999

6. Between $200,000 and $249,999

7. Between $250,000 and $299,999

8. Between $300,000 and $349,999

9. Over $350,000

98. Don’t know

99. Prefer not to answer

53. Are you of Hispanic, Latino, or Spanish origin?

1. Yes

2. No

99. Prefer not to answer

54. What is your race or ethnicity? Select all that apply. [Multiselect]

1. White / Caucasian

2. Chinese

3. Vietnamese

4. Filipino

5. Japanese

6. Korean

7. Indian

8. Pakistani

9. Black / African American

10. Native American / Alaskan Native

11. Native Hawaiian

12. Other Pacific Islander

13. Other
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Appendix A: Survey Guide
EVERGREEN ECONOMICS Page 38

99. Prefer not to answer [Make exclusive]
Thank You! That completes the survey.

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Appendix B: Additional Survey Findings
EVERGREEN ECONOMICS Page 39
Appendix B: Additional Survey Findings
Appendix B contains additional data from respondents in the survey.

3.5 Additional Demographic Findings
The most common household occupancy overall across SEVI groups is two people (33%, n=470), followed by three people (24%). More respondents in SEVI groups 1 and 2 have a household occupancy of two people, while SEVI groups 3 and 4 had more even distributions of household occupancies between two to four people.

Figure 53: Household Occupancy (n=470)
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Appendix B: Additional Survey Findings
EVERGREEN ECONOMICS Page 40
Table 4: Ethnicity
Ethnicity
SEVI 1
(n=96)
SEVI 2
(n=100)
SEVI 3
(n=92)
SEVI 4
(n=102) NA (n=86)
Total
(n=476)
White/Caucasian 47% 41% 10% 35% 30% 33%
Chinese 14% 20% 26% 13% 26% 19%
Vietnamese 2% 0% 11% 4% 1% 4%
Filipino 0% 1% 7% 3% 2% 3%
Japanese 1% 7% 1% 1% 1% 2%
Korean 1% 4% 1% 3% 4% 3%
Indian 8% 9% 9% 8% 7% 10%
Pakistani 0% 0% 1% 0% 0% 0%
Black / African-American 4% 0% 1% 2% 3% 2%
Native American
/ Alaskan Native 0% 1% 1% 2% 1% 1%
Native Hawaiian 0% 0% 0% 0% 0% 0%
Other Pacific
Islander 0% 0% 2% 0% 0% 0%
Other 7% 5% 7% 10% 7% 7%
Prefer not to
answer
17% 13% 12% 19% 17% 16%
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Appendix B: Additional Survey Findings
EVERGREEN ECONOMICS Page 41
Table 5: Hispanic/Latino Origin
SEVI Yes No
Prefer not to
answer
1 4% 90% 6%
2 11% 83% 6%
3 10% 85% 5%
4 16% 73% 12%
NA 6% 86% 8%
Total (n=476) 10% 83% 8%

3.6 Additional EV Findings
Of those who claimed they did not have an electric vehicle, 99 percent of those respondents had heard of electric vehicles before (n=314). We then asked respondents who are aware of the technology for their level of interest in electric vehicles, based on what they know about it.

Overall, only 33 percent indicated they were somewhat interested in electric vehicles, while 23 percent are very interested, and 17 percent are extremely interested (n=311). When looking at responses by SEVI group, those in SEVI group 2 had the most responses indicating they were somewhat interested in electric vehicles, whereas those in SEVI group 1 had the most responses indicating they were very interested in electric vehicles out of all SEVI groups (41%). This is interesting given that those in SEVI groups 1 and 2 tend to have higher household incomes compared to other groups (Table 3).

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Appendix B: Additional Survey Findings
EVERGREEN ECONOMICS Page 42
Figure 54: Level of Interest in Electric Vehicles – Of Those Who Are Aware (n=311) Overall, respondents who do own an electric vehicle and respondents who do not but are aware of the technology have various levels of likelihood in purchasing an electric vehicle as their next vehicle purchase. Only 47 percent of respondents are either very likely or extremely likely to purchase an electric vehicle in the future, compared to the 30 percent of respondents who are either not so likely or not at all likely to purchase an electric vehicle as their next vehicle in the future (n=473). Of those who do own an electric vehicle, they are found to be extremely likely (44%) or very likely (31%) to purchase an electric vehicle again as their next vehicle purchase (n=161). On the other hand, those who do not own an electric vehicle had more varied levels of likelihood in purchasing an electric vehicle as their next vehicle purchase, with 22 percent not so likely and 18 percent as not at all likely.

Item 1h
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100%
0%
11%
7%
26%
41%
13%
11%
44%
18%
9%
10%
19%
14%
18%
1B%
18%
35%
14%
15%
7%
16%
36%
18%
23%
13%
15%
33%
g17%
2(n=55) 3(n=SS] 4(n=M) NA{n=SS| T0tal(n=Ml|l
Extremely Intercstcd Very iinterested Somewhat Interested Net so Interested Net at aII Interested
Appendix B: Additional Survey Findings
EVERGREEN ECONOMICS Page 43
Figure 55: Likelihood of Choosing Electric Vehicle as Next Vehicle Purchase – Of Those Who Do and Do Not Own (n=473)
Item 1h
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Extremely Iikely Very lihe y

EVERGREEN

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IEomewtiaL likely Not so likely Not at all likely
1 • Subtitle
New SV Clean Energy
PowerPoint Template
2024 Customer
Survey Findings
Executive Committee
May 23, 2025
Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation

SILICON VALLEY

CLEAN ENERGY
2 • Information item on annual residential customer survey to better understand our customers, which informs marketing and messaging. • Key takeaways show steady and expected levels of SVCE awareness and growth in electrification interest and programs.
• Survey findings will be shared via consent at the June board meeting.

Purpose
Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation

SILICON VALLEY

CLEAN ENERGY
3 Background & Methodology
SVCE runs an annual customer survey to measure SVCE and electrification awareness Goal: Measure SVCE customer awareness and interest in
electrification
• 2024-2025 survey conducted January 2025
• 476 residential customers responded
• Administered online, outreach conducted via email and mail • Offered $15 incentive to complete
Survey Language
Distribution
Number of
Completes
English 450
Vietnamese 17
Spanish 7
Mandarin 2
Total 476
Breakdown of Selected Survey
Languages
Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation
4 SEVI Quartiles
Socio-Economic Vulnerability Index (SEVI)
base heat map (CES 3.0)
1 (Least Vulnerable)
2 3
4 (Most Vulnerable)
Insufficient Data
Source: CalEnviroScreen 3.0
For illustrative purposes
Sample Design
• Stratified sample by SEVI quartile
• Weighted responses to capture
overall customer statistics based
on the population, adjusting for
socioeconomic vulnerability
differences.
• Results account for sample bias
Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation
5 Awareness of SVCE consistent with prior
years, with high prompted awareness
n=476
12% of respondents believe they
purchase electricity from SVCE
After clarifying PG&E provides
electric delivery services:
21% believe they purchase
generation services from SVCE
After letting survey respondents
know SVCE is one of electricity
providers in their region:
71% say they had heard of
SVCE!
SVCE Awareness Recall – Who Do Respondents
Purchase Generation Services From?
Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation
100%
0%
SVCE SVCE Close PG&E/SVCE PG&E Other
6 Our digital engagement efforts are paying off!
Large increase in
customers reporting they
come to our website for
info about electric rates
and to learn about
efficient, electric
appliances.

SVCE Website Use – Comparison Across Prior Years
Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation
2020 2022 2023 2024
7 Results support affordability focus area; continued
emphasis on clean energy and rebates.
n=476
92% respondents say SVCE
keeping low electricity prices
is extremely/very important
56% say SVCE
programs/services are
extremely/very important
SEVI groups 1 and 2 placed
the category “generating
energy from clean sources” of
slightly higher importance.

Stay the course, with opportunities for more info on bill understanding since SVCE only controls 1/3 of energy bills.

Item 1h
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May 23, 2025 Executive Committee Presentation
Extremely important Very important Moderately important Slightly important Not at all important 8 How we use these customer insights
• Addressing affordability concerns
• Payment Assistance and Efficiency
Resources Campaign (direct customers to
resources)
• Upcoming rate education campaign
A solar panel in a desert
AI-generated content may be incorrect.
• Support for clean resources
• Highlighting our renewable energy projects, and
electrification education
Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation
Victory Pass Solar and Storage Project
9 Technology Specific
Purchasing Decisions
• EVs
• Heat Pump Water Heaters
• Solar + Battery
• Induction Cooking
Item 1h
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May 23, 2025 Executive Committee Presentation
10 Cost, health and safety key decisions
for home and product purchases

1.7 2.5

2.7 3.0
0 1 2 3 4
Environmental impacts
Convenience/performance
Health and safety
Cost
n=476
Considerations ranked in order of importance
(1 is least, 4 is most)
• Environmental
impact is lowest
consideration by a
considerable margin.
• This does not change
our mission, but
affects our
messaging and
marketing
approaches.

Results are consistent across
SEVI quartiles.

Item 1h
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May 23, 2025 Executive Committee Presentation
11 Cost was cited in the top 5 barriers for each
technology
Technology-specific barriers that were among the top 5 barriers for each technology:
• EVs: Driving range and charging access
• Heat pump water heaters: Not enough info, need to upgrade electric panel, and not knowing enough about the tech.
• Solar/battery: Far second to cost, reliability of tech • Induction: Most (73%) not interested, info about comparison to gas and environmental impact desired.

Item 1h
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May 23, 2025 Executive Committee Presentation
12 How we use these customer insights
Focus on cost savings with rebates and
optimizing electric rates:

New “programs pocket guide” for Earth
Month
Messaging connecting electrification to
reducing pollution:

Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation
SAVE
moneu^
ENERGY
Discover thousands of dollars of
incentives and free services.

SILICON VALLEY

CLEAN ENERGY
SILICON VALLEY X^J CLEAN ENERGY
View this email in your browser
THE ELECTRIC AVENUE: YOUR

PATH TO DRIVING ELECTRIC
Gas vehicles cause over 50% of local
air pollution. Taking the “Electric
Avenue" offers a smarter, cleaner,
and more cost-effective way to get
around. From electric vehicle (EV)
basics to accessing rebates, Silicon
Valley Clean Energy (SVCE) is here
to support you.
13 Electric Vehicles
• Respondents most likely to get
information about EVs from friends
and family.

Sources of Information for Electric Vehicles
Customers can be advocates for clean technologies, and info should focus on education/myth-busting.

Item 1h
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May 23, 2025 Executive Committee Presentation
SVCE Marketing Funnel
05 Awareness
Building brand recognition so
customers trust content
Consideration
Customers come to SVCE website
and review marketing content
Conversion
Customer participates in program, utilizing
service or rebate
Loyalty
Customers trust SVCE through positive
" experience participating in program
Advocacy
Social behavior change, influence friends,
neighbors family to participate
14 Seeing continued growth over time in
interest/likelihood to purchase electric technologies
Likelihood of Purchases – Comparison Across Prior Years Item 1h
Attachment 2
May 23, 2025 Executive Committee Presentation
Prior and current options New options Of those who don't own 2022 2023 2024
15 • Results are aligned with expectations for SVCE awareness • Perceived and real concerns for technology adoption helps inform messaging and education strategies
• Opportunity with new income-qualified programs to target outreach by SEVI to increase electrification education in more vulnerable groups Summary
Item 1h
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May 23, 2025 Executive Committee Presentation

SILICON VALLEY

CLEAN ENERGY
16 Questions?
Item 1h
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May 23, 2025 Executive Committee Presentation

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Staff Report – Item 1i
Item 1i: Authorize the Chief Executive Officer to Execute First Amendment to the Bellawatt Inc., SVCE eHub and Appliances Assistant Agreement to Add $223,000 for a New Customer Rate Tool, for a New Not-to-Exceed Amount of $890,500 through 2027 From: Monica Padilla, CEO
Prepared by: Pamela Leonard, Deputy Director of Marketing and Communications Michaela Pippin, Communications Manager
Date: 6/11/2025

RECOMMENDATION
Staff recommends the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) authorize the Chief Executive Officer (CEO) to execute the First Amendment to the Bellawatt Inc., SVCE eHub and Appliances Assistant Agreement (Attachment 1) to add $223,000 for a new not-to-exceed (NTE) amount of $890,500 through 2027, which will add a customer rate tool integrated with eHub.

The rate tool will help customers compare electric rate plans, understand the impact of possible electrification measures on their bills, and identify opportunities for savings based on their energy needs.

BACKGROUND
In fall 2020, eHub was formally launched to customers. Per the goals identified in the SVCE strategic plan, SVCE continues to expand eHub capabilities to increase accessibility and add resources to support customers’ electrification journeys by bringing electrification to customers’ minds, providing knowledge to customers about the benefits of electrification and assisting customers with going electric.

In April 2024, the Board approved an agreement with Bellawatt, Inc for eHub and Appliance Assistant services (Attachment 2), to improve the existing eHub, under a three-year agreement with an NTE of $667,500. This functionality has successfully been put in place and staff are pushing out these updated resources to SVCE customers. The scope of work noted that Bellawatt was developing resources that would align with eHub in the future (under ”Future Roadmap Functionality”) with specific reference to Bellawatt’s proprietary rate engine it uses for calculating electric bills.

In fall 20245, the Board adopted Strategic Focus Area One (SFA1) to expand the agency’s affordability efforts.

Since then, staff have launched a payment assistance and energy efficiency resources campaign targeting customers most in need of immediate bill relief, including a targeted effort to help more eligible customers enroll in available rate discounts. Zooming out to all SVCE residents, staff are preparing to launch a rate education campaign in fall 2025. Understanding how rates work, when to shift your usage, and considering whether to change to a more advantageous rate will all be key to these campaigns. Thus far, when trying to help customers consider switching rates, SVCE’s resources have sent customers to the PG&E rate comparison tool. The PG&E tool does not reflect SVCE’s generation discount and will not capture any rates unique to SVCE.

Sending customers to a different website also cuts off the relationship with SVCE resources, removing the opportunity to learn about additional SVCE services and offers.

Item 1i

AMENDED
SILICON VALLEY \3/ CLEAN ENERGY
I
Agenda Item: 1i Agenda Date: 6/11/2025

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The need to effectively communicate with customers about rates, bills and affordability continues to increase and is an opportunity for SVCE to highlight the value the agency brings through bill savings and resources. In May 2025, the Board approved a second iteration of the Electric Home (E-ELEC) Rate Pilot Program – this will be the first unique whole-home rate for which SVCE will be solely responsible for managing enrollment and recruitment. To meet the growing need to explain rate plan options and assist customers in evaluating which plan is best for them and how electrification may impact their bill, SVCE staff began looking into different ways this could be accomplished.

ANALYSIS & DISCUSSION
SVCE launched the E-ELEC 1.0 Pilot Program in 2023 with a rate schedule that mirrored PG&E rate periods but varied in price. Through the pilot, staff have learned that even the customers most engaged with their energy bill struggle to understand how much they save by shifting load and installing heat pumps, let alone how much they might save, when trying to think about those installations ahead of time. Through the feedback process of this pilot program, staff also heard customers ask for more guidance and education from SVCE about rates. SVCE issued a rate design customer survey in spring 2025 and found that over 42% of respondents (out of over 800 responses) selected their rate plan using the PG&E rate comparison tool which does not incorporate any SVCE-specific information. From the survey responses, staff concludes that customers are looking for a rate comparison option, and that SVCE has an opportunity to further support and empower customers when selecting a rate plan while keeping them engaged with SVCE content and opening additional opportunities to share about SVCE offers and services.

Staff reviewed the landscape to assess various approaches to deliver this kind of support for understanding rates. It became apparent that a rate comparison tool, similar to the one used by PG&E, was likely the best approach. It was the only idea that effectively met the three main drivers behind the need for this functionality:

1. Adding a rate comparison tool will address one of SVCE’s ongoing communication pain points around rates.

We know from customer and Board feedback that understanding energy rates is difficult to do from the blue bill alone. Putting the rate options in terms of savings will not only help guide customers to the best rate plan for them but also highlight the value of shifting load and/or installing electric equipment. As staff begins planning for a fall rate education communications campaign, having a resource to offer to customers will allow SVCE to track its impact and provide more value to customers compared to sending them to PG&E’s website.

2. There is increasing demand from customers to have this guidance on rates from SVCE. From the most recent customer survey, more than half of respondents indicated that their primary reason to visit the SVCE website is to review electricity rates. As SVCE ventures further into rate design that differs from PG&E, in support of affordability and clean goals, there is a need to communicate the value of these rate pilots (E-ELEC 2.0 & beyond) in an easy-to-understand manner.

Item 1i

AMENDED
Agenda Item: 1i Agenda Date: 6/11/2025

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3. SVCE wants to be the customers’ trusted energy advisor. Currently, SVCE supports customers through many aspects of the electrification journey. Once a customer adopts an electrification measure, the journey with SVCE often ends as they are sent to PG&E to explore which rate is best for them. This deprives SVCE the opportunity for additional rate education, trust building and further program promotion.

Staff reviewed potential vendors and identified that Bellawatt would be an optimal fit for developing this tool.

They already run the updated eHub resources, into which the rate comparison tool will need to seamlessly fit, and the scope for the original eHub services included a future rate tool functionality – meaning an additional solicitation was not needed to proceed. Staff will work with Bellawatt to design and implement a tool that can give customers generalized guidance on SVCE rate options and explore electrification savings with load shifting. Staff will monitor closely the impact and usage of the tool to assess whether improvements should be made to increase the effectiveness. Bellawatt also offers a data integration component of this tool that can utilize a customer’s historical energy use data to provide an even more accurate rate comparison – this function requires additional work to determine how to best provide the data connection and authorization, so it is not included in this amendment and staff may return in the future with an ask to add that scope if deemed valuable and feasible.

It is important to note that PG&E will continue to offer their rate comparison tool, which operates as part of the logged-in state on their website. Their tool does access historical usage data to show customers what the customer’s savings would have been on the recommended rate. An update to their toolset is supposed to launch in June, including the functionality to evaluate electrification impacts. For the reasons articulated previously in this report, staff believe that there is still sufficient value in offering a rate comparison tool that keeps customers within the SVCE ecosystem, which add more value than the risk of duplicative efforts. If this assessment changes during the design or implementation process, then staff would stop work and return to the Board with an update.

Why Did Respondents Visit SVCE's Website? – Multiple Responses Allowed (n=109) Question from SVCE 2024 Annual Customer Survey
Item 1i

AMENDED
Agenda Item: 1i Agenda Date: 6/11/2025

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In tandem with this external-facing tool, staff plan to explore building out internal analytics tools that can proactively identify customers on costlier rates. This analysis is currently performed in an ad hoc manner that is not suited to pushing messages to customers. It is possible that the Bellawatt tool can help support that as well, once the architecture is in place.

Ultimately, adding an easy-to-use rate tool as a new feature of eHub will help customers to explore the full electrification journey. Recent residential electrification webinars hosted by SVCE provided another reminder of the interest here, as staff heard directly from customers that they have many questions about electric rate plans and how going electric would affect their monthly bills. This tool, included as one of many ways SVCE supports its customers, allows the agency to help complete the suite of services offered with the award-winning eHub platform and better support clean and affordable energy goals. This tool will serve all residential SVCE customers.

STRATEGIC PLAN
A rate comparison tool will help increase customer awareness of rate plans and which plans will help customers save the most, in support of the Board-adopted SFA1 - expanding affordability efforts. This tool will also support SFA4 – preparing the region for electrification at scale, by directly showing customers how installing electric equipment, specifically heat pumps, can save them money on their energy bill and will not increase overall bill costs when they are on a complimentary rate. Implementing this tool will also meet Strategic Plan Goal #8 – Engage customers and community stakeholders to build trust of SVCE and advance decarbonization.

ALTERNATIVE
Do not authorize the CEO to execute the amendment with Bellawatt. SVCE staff would either stop attempting to deploy a rate comparison tool and instead continue to point to PG&E’s website or issue a request for proposals (RFP) for this service and come back to the Board with an updated recommendation.

FISCAL IMPACT
The increase in the NTE of $223,000 will not impact the current Fiscal Year 2024-25 budget as the budget includes funds for marketing and communication. Approximately $178,000 is anticipated to be spent during the current fiscal year. The spending of the remaining agreement amount will be reflected in operating budgets for future fiscal years through 2027.

ATTACHMENTS

1. Draft First Amendment to the Bellawatt Agreement

2. Agreement with Bellawatt Inc, for SVCE eHub and Appliances Assistant Item 1i

AMENDED
FIRST AMENDMENT TO AGREEMENT WITH “BELLAWATT, INC.”
WHEREAS, the SILICON VALLEY CLEAN ENERGY AUTHORITY, an independent public agency (“Authority”), and “BELLAWATT, INC.”. entered into that certain agreement entitled “AGREEMENT BETWEEN THE SILICON VALLEY CLEAN ENERGY AUTHORITY AND BELLAWATT, INC. FOR THE SVCE EHUB & APPLIANCES ASSISTANT”, effective on “APRIL 11, 2024”, hereinafter referred to as “Original Agreement”; and WHEREAS, Authority and “BELLAWATT” 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. “Exhibit A: Scope of Services & Service Level Agreement” of Original Agreement shall be amended to include the following:

The Authority provides renewable and clean electricity at competitive rates, and works with its member communities to reduce emissions. The mission of the Authority is to reduce dependence on fossil fuels by providing carbon-free, affordable and reliable electricity and innovative programs. The Authority offers its customers an online Customer Resource Center – known as eHub and available at https://ehub.svcleanenergy.org/ – to educate customers about energy use, associated emissions, self-generation and resilience, building and vehicle electrification and enable subsequent actions.

Following the successful design, development, and launch of the eHub by the Consultant and the Authority in 2024, the Authority is asking Consultant to expand the functionality of the eHub to develop and integrate a comprehensive Rate Comparison Tool. This tool will enable Authority customers to evaluate various rate options, understand the impact of Distributed Energy Resources (DERs), and make informed decisions about their electricity plans, with many Authority rate options being superior to PG&E default rates.

The Rate Comparison Tool will serve customers who do not have login credentials with the Authority, requiring the tool to deduce customer scenarios without authentication. The tool will represent a typical customer's home usage patterns, available DER options, current rate structure, and applicable rate alternatives using industry-standard load profile methodology consistent with utility rate case strategies.

By leveraging the Consultant's electric rate calculation engine, the Rate Comparison Tool will serve as an integrated component of the eHub, providing comprehensive educational resources and enabling customers to understand complex rate structures. The methodology utilizes industry-standard "test year" load profile analysis, consistent with utility rate case strategies. Home load profiles will be sourced from NREL End-Use Load Profiles via ResStock for baseline usage modeling. DER load profiles will utilize NREL End-Use Savings Shapes via ResStock for distributed energy resource impact analysis. Load profiles will be converted to annualized billing determinants including demand, usage, and peak/off-peak consumption, with mathematical application of Authority and PG&E rate structures to these billing determinants.

Item 1i
Attachment 1
1 Draft First Amendment to Agreement with Bellawatt, Inc.

Rate sources will include five (5) Authority rates and five (5) PG&E rates sourced from publicly available CPUC-approved tariff books. Load profiles will be set once during implementation, with rates updated quarterly as part of ongoing maintenance.

Task 1: Discovery, Technical Validation & Design Development The project will kick off with a meeting to ensure all parties are aligned on the goals, objectives, and timeline. Communication channels and project management processes will be established to facilitate effective collaboration. Key success metrics and performance indicators will be defined to measure the impact of the Rate Comparison Tool.

Consultant will conduct stakeholder interviews with Authority staff to gather nuanced needs of Authority's residential customers. Functional and non-functional requirements will be documented, including key user stories and use cases.

Building upon the discovery findings, Consultant will develop the user interface and experience design for the Rate Comparison Tool, maintaining a consistent user experience. The design will create high-fidelity visual prototypes that combine user inputs for home characteristics and DER scenarios with rate comparison outputs in an interactive and engaging interface.

The interface will be designed to clearly present key takeaways including the best rate option for customer circumstances, ramifications of DER installations on costs, comprehensive view of all applicable rate options, and supporting educational content explaining rate structures and decision criteria.

Deliverables for Phase 1 include:
● Stakeholder Research Summary documenting customer needs and user requirements. ● High-fidelity visual prototype of the Rate Comparison Tool, integrated within the eHub design system and ready for development implementation.

Task 2: Core Development & Staging
The second phase encompasses the core development of the Rate Comparison Tool, including implementation of the rate calculation engine and load profile database. Development will occur within the existing eHub infrastructure to minimize hosting costs and maintenance complexity.

Consultant will implement the NREL ResStock load profile database, develop the mathematical rate calculation engine applying Authority and PG&E tariff structures, and create the user interface within the eHub framework following approved design specifications from Phase 1.

The development will include comprehensive testing of rate calculations, load profile accuracy, and user interface functionality across desktop and mobile devices. This phase will deliver a fully functional staging environment.

Item 1i
Attachment 1
2 Draft First Amendment to Agreement with Bellawatt, Inc.

Deliverables for Phase 2 include:
● Staging environment for Authority staff to preview and test Rate Comparison Tool functionality before public launch.
● Complete implementation of rate calculation engine with NREL load profiles.

Task 3: User Acceptance Testing & Production Launch
The third phase focuses on user acceptance testing, performance optimization, and production deployment of the Rate Comparison Tool within the live eHub environment. This phase includes final refinements based on Authority feedback and comprehensive testing to ensure optimal user experience.

Consultant will coordinate user acceptance testing with Authority stakeholders, implement final adjustments and optimizations, deploy the Rate Comparison Tool to the production eHub environment, and provide post-launch monitoring and support during the initial launch period.

Deliverables for Phase 3 include:
● Quality assurance testing documentation and bug resolution for core functionality. ● Production-ready Rate Comparison Tool integrated within the live eHub platform. ● Launch coordination and post-launch monitoring support.

Future Roadmap Functionality
The Consultant is continuing to develop features for its suite of products that are not included in this Scope, but may be requested by the Authority in the future. Upcoming functionality in the Consultant's product roadmap includes device-level total cost calculations leveraging the rate engine, banner alert and text-messaging features for communicating timely outage and demand response events, enrollment into demand response or virtual power plant programs, carbon emissions reduction behavioral engagement functionality, and project timeline planning for larger home retrofits.

The Authority may choose to request Bellawatt to develop a data integration function for the rate comparison tool; to utilize a customer’s historical energy use data to provide an even more accurate rate comparison.

Service Level Agreement (SLA)
Consultant will uphold all SLA clauses defined in the agreement dated April 25th, 2024, between the parties.

2. “Exhibit B: Schedule of Performance” of Original Agreement shall be amended to include:

Item 1i
Attachment 1
3 Draft First Amendment to Agreement with Bellawatt, Inc.

Consultant will execute the Scope of Services as defined in Exhibit A in a phased approach, where each major Task is broken down into Milestones.

Task Milestone Duration
1: Discovery,
Validation & Design
Kickoff Week 1
Design Completion Weeks 2-6
2: Core Development
& Staging
Core Development Weeks 7-12
Staging Environment Delivery Week 12
3: Testing & Launch User Acceptance Testing Weeks 13-14 Production Launch Week 14
This schedule may be modified with the written approval of the Authority.

3. “Exhibit C: Compensation” of Original Agreement shall be amended to include:

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 deliverables and milestones 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 two hundred twenty four thousand four hundred dollars ($224,400) 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 Budget

1. Project Kickoff $ 89,000

2. Launch to Production $ 89,000

3. Year 2 Annual Rate Updates & System Maintenance – Oct 1 2025 through Sept 30 2026
$ 23,200

4. Year 3 Annual Rate Updates & System Maintenance – Oct 1 2026 through Sept 30 2027
$ 23,200
Total $224,400
Item 1i
Attachment 1
4 Draft First Amendment to Agreement with Bellawatt, Inc. 1/2025 Version 1.0
Year 1 of the current eHub agreement is already under way, and is therefore not included.

Rates
Personnel Title Hourly
Dalton Vogler Product Manager $235.00
Jessica Lee Product Manager $235.00
Sky Davis Product Designer $235.00
Jake Rogers Front-End Engineer $235.00
Dave Corderman Full-Stack Engineer $235.00
Matt Bauer Full-Stack Engineer $235.00
The Consultant reserves the right, at its sole discretion, to supplement the designated team with supplementary personnel as it deems necessary and appropriate to fulfill its obligations and responsibilities efficiently and effectively under the terms of this Agreement. All Consultant staff will be charged at the equivalent rate of $235.00 US Dollars per hour.

Invoices
Invoices for work performed will be submitted in accordance with the appropriate Milestone and Task as defined in the Schedule of Performance in Exhibit B, and upon written acceptance by a representative of the Authority.

For any additional work requested by the Authority and performed by the Consultant on a Time & Materials basis, 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.

Item 1i
Attachment 1
5 Draft First Amendment to Agreement with Bellawatt, Inc. 1/2025 Version 1.0

4. “Exhibit C: Insurance Requirements and Proof of Insurance” of Original Agreement shall be amended to read:

Consultant shall maintain the minimum coverage as defined in the agreement dated April 25th, 2024, between the parties. In addition, Consultant shall increase the minimum coverage for 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.

5. This Amendment shall be effective on “JUNE 12, 2025”.

3. Except as expressly modified herein, all of the provisions of the Original Agreement shall 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.

4. 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.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the dates set forth besides their signatures below.

RECOMMENDED FOR APPROVAL
_____________________________________________________
Justin Zagunis, Director of Customer Succes
APPROVED AS TO FORM:
_______________________
Counsel for Authority

CONSULTANT NAME

BELLAWATT
By: __________________________
Name: ________________________
Title: _________________________
Date: __________________________

SILICON VALLEY CLEAN ENERGY

AUTHORITY
A Joint Powers Authority
By: ___________________________
Name: Monica Padilla
Title: Chief Executive Officer
Date: __________________________
Item 1i
Attachment 1
6 Draft First Amendment to Agreement with Bellawatt, Inc. 1/2024 Version 1.0

AGREEMENT BETWEEN THE SILICON VALLEY CLEAN ENERGY AUTHORITY AND
BELLAWATT, INC.

FOR

THE SVCE EHUB & APPLIANCES ASSISTANT
THIS AGREEMENT (“Agreement”), is entered into this 11th day of April 2024, by and between the SILICON VALLEY CLEAN ENERGY AUTHORITY, an independent public agency, ("Authority"), and Bellawatt, Inc., an Illinois Corporation whose address is 747 Manhattan Ave Floor 3, Brooklyn NY, 11222 (hereinafter referred to as "Consultant") (collectively referred to as the “Parties” and individually as a “Party”).

RECITALS:

C. Authority and Consultant desire to enter into an agreement for revising the Authority’s eHub and Appliances Assistant upon the terms and conditions herein.

NOW, THEREFORE, the Parties mutually agree as follows:

1. TERM
The term of this Agreement shall commence on April 11, 2024, and shall terminate on September 30, 2027, 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 six-hundred sixty-seven thousand and five-hundred dollars ($667,500) 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.

DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0

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

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.

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:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0
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.

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

DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0

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.

DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0

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 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 DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0
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.

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.

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. Eugene Granovsky (Consultant Representative”) shall represent Consultant in all matters pertaining to the services to be performed under this Agreement.

17. CONFIDENTIAL 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’s General Counsel, 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.

C. It is understood that Authority is subject to the California Public Records Act (Gov.

E. Consultant agrees to comply with the confidentiality and data protection provisions set forth in Exhibit “E,” attached hereto and incorporated herein by this reference.

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

18. NOTICES
Any notice, consent, request, demand, bill, invoice, report or other communication required or permitted under this Agreement shall be in writing and conclusively deemed effective: (a) on DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0
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:

Eugene Granovsky
Bellawatt, Inc.
747 Manhattan Ave, Floor 3
Brooklyn, NY 11222

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.

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

20. COMPLIANCE WITH LAWS
Consultant shall keep itself informed of all applicable federal, state and local laws, ordinances, codes, regulations and requirements which may, in any manner, affect those employed by it or in any way affect the performance of its services pursuant to this Agreement. Consultant shall, at all times, observe and comply with all such laws and regulations, including, but not limited to the Americans with Disabilities Act, the Stored Communications Act, 18 U.S.C. Section 2701, et seq., California Civil Code Sections 1798.80 through 1798.84, and the California Consumer Privacy Act, Civil Code Section 1798.100 et seq. Authority, and its officers and employees, shall DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
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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.

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.

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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.

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 DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
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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.

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

RECOMMENDED FOR APPROVAL
______________________________________________________
Adam Selvin, Director of Energy Services & Community Relations

RECOMMENDED FOR APPROVAL
___________________________________________________________ Amrit Singh, Chief Financial Officer/Director of Administrative Services DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
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DocuSigned by:

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CONSULTANT
Bellawatt, Inc.

By: ________________________
Name: Eugene Granovsky
Title: Chief Executive Officer
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
DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 4/25/2024 4/25/2024
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1/2024 Version 1.0
Exhibit A
Scope of Services & Service Level Agreement
Scope of Services
The Authority provides renewable and clean electricity at competitive rates, and works with its member communities to reduce emissions. The mission of the Authority is to reduce dependence on fossil fuels by providing carbon-free, affordable and reliable electricity and innovative programs. The Authority offers its customers an online Customer Resource Center – known as eHub and available at https://svcleanenergy.org/ehub – to educate customers about energy use, associated emissions, self-generation and resilience, building and vehicle electrification and enable subsequent actions.
eHub aims to support customers’ electrification journeys by enabling customer education, engagement and action related to electrification and decarbonization, via online tools, resources and promotions. The current eHub offers customers with educational tools focused on self-generation and resilience, building and vehicle electrification by linking to additional third-party resources such as the Electric Vehicle Assistant, the Appliances Assistant, and the Solar + Battery Assistant.

Consultant will work with Authority to develop a redesigned highly intuitive, customer-centric eHub experience that effectively educates and engages the Authority’s customers that combines the current functionality of the eHub and the Appliances Assistant, while continuing to link to additional resources including the Electric Vehicle Assistant and the Solar + Battery Assistant.

By leveraging the Consultant’s existing Guide platform, the new eHub will serve as a centralized hub for inspiring customers to take action, providing comprehensive educational resources, and enabling seamless access to energy-efficient products and programs. The reimagined eHub will be designed to align with the Authority’s strategic objectives, ensuring that it supports the organization’s mission to promote clean energy solutions and empower customers to make informed decisions about their energy consumption.

The key deliverables are organized into three distinct milestones, each focusing on a critical aspect of the platform’s development and implementation. Milestone 1 lays the groundwork for the project by establishing a clear understanding of the requirements, designing visual prototypes, and defining the integration architecture. This phase involves close collaboration with Authority stakeholders to gather insights, analyze systems, and map out the revised eHub’s functionality.

Milestone 2 includes the buildout of the revised eHub and makes it available to the Authority’s customers. Milestone 3 enhances the eHub’s capabilities by implementing instant rebate functionality and adds data integrations to create a seamless and personalized experience for the Authority’s customers.

Milestone 1: Implementation Plan
The project will kick off with a meeting to ensure all parties are aligned on the goals, objectives, and timeline. Communication channels and project management processes will be established to DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
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facilitate effective collaboration. Key success metrics and performance indicators will be defined to measure the impact of the eHub.

Consultant will conduct stakeholder interviews with Authority staff to gather nuanced needs of Authority’s residential customers (both single-family and multi-unit dwellings), small-to-medium businesses, and contractors and other vendors. Functional and non-functional requirements will be documented, including key user stories and use cases.

Deliverables for Milestone 1 include:

1. High-fidelity visual prototype of the revised eHub, to be built out in Milestone 2. The Authority will have multiple opportunities during this first phase to provide feedback on the designs, and they will be deemed complete at the conclusion of this Milestone.

2. Definition of integration points available for rebate processing and Authority customer personalization, to be completed in Milestone 3.

3. An Implementation Plan that confirms the schedule as defined in Exhibit B, or makes adjustments based on Authority needs. The plan will also define a strategy to coordinate with the Authority’s other eHub vendors that manage the Electric Vehicle Assistant and the Solar + Battery Assistant.

Milestone 2: eHub and Appliances Assistant Features
The second milestone concentrates on developing the core features and functionality of the eHub, encompassing the Inspire, Educate, and Act sections.

The Inspire section will focus on creating an engaging and intuitive user interface and experience.

A user-friendly navigation system with clear labels and hierarchy will be developed, along with search tools. Visually appealing Popular Starting Points will be created to showcase key Authority Action Tools and guide users to relevant content. A sophisticated Recommendation Engine will be implemented to provide personalized suggestions based on customers’ zip code, desired outcomes, and home type. The eHub interface will be designed to be mobile-responsive, ensuring a seamless experience across devices.

The Educate section will provide comprehensive product and program education through detailed information, reviews, and rebates for key electrification technologies such as, but not limited to space and water heating, cooking, and electric vehicle chargers. Informative Content Detail Views will be developed to highlight decision criteria like specifications, price comparisons, operating costs, energy and cost savings, and links to relevant programs and retailers. A user-friendly Product Comparison tool will be implemented, allowing customers to compare up to three products side-by-side.

The Act section will enable customers to take action on their electrification journey. Product purchase functionality will be integrated with program eligibility requirements available to Authority’s customers. A Content Management System (CMS) will be provided for Authority to self-manage eHub content and taxonomy.

Deliverables for Milestone 2 include:

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1. A staging/testing environment for Authority staff to preview and approve features and functionality before launching to the public.

2. The launch of a revised eHub provisioned on an Authority subdomain of the Authority’s choosing such as https://ehub.svcleanenergy.org/ or https://resources.svcleanenergy.org/.

Consultant will provide hosting, monitoring, and user-level analytics for the revised eHub from launch. Company will provide Authority access to web tracking service such as Google Analytics.

3. The inclusion of an Appliances Assistant within the revised eHub, where Authority customers can view and shop for money-saving programs and energy-saving devices.

Consultant will leverage Authority brand guidelines and comply with accessibility standards.

Specifically, the revised eHub will adhere to Authority’s corporate identity, brand and digital guidelines. Visual requirements will be shared with Bellawatt by Authority staff upon project kickoff. In addition, Consultant will demonstrate accessibility compliance using publicly available tooling such as the WAVE tool (link: https://wave.webaim.org/), and will confirm all SEO metadata is set for all pages via https://www.linkedin.com/post-inspector/.

The revised eHub will include Desktop, Mobile, and Tablet compatible versions using responsive design principles when assessed through a customer’s web browser. Supported browsers will include the last two versions of Safari, Chrome, Edge, and Firefox. Internet Explorer is explicitly not included as it is no longer being supported by Microsoft.

Milestone 3: Instant Rebates and Data Integrations
The third and final milestone focuses on implementing instant rebate functionality and advanced data integrations to enhance the eHub experience.

Consultant will design and implement rebate application and redemption processes, integrating with the retailer rebate processing system(s). Customer communication templates for rebate status updates will be developed to keep users informed throughout the process.

Deliverables for Milestone 3 include:

1. Implementation of Rebate Processing through big-box retailers.

2. Ability for Authority staff to enter translations for Spanish, Mandarin, and Vietnamese within the CMS. Text-based data provided via API from retailers (ie, product information) will not be translated.

3. Integration of the Go Electric Advisor (the first version of which is currently available at https://goelectric.svcleanenergy.org/) within the eHub experience. This scope assumes that should the Authority request a deeper integration of the two services, the Authority can provide sufficient documentation to integrate the Go Electric Advisor chatbot in one step, and without the Consultant pointing out limitations or unforeseen edge cases of functionality.

Future Roadmap Functionality
The Company is continuing to develop features for its Guide product that are not included in this DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
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Scope, but may be requested by the Authority in the future, under this agreement. Upcoming functionality in the Company’s Guide product roadmap include:
• Device-level total cost calculations leveraging a rate engine. Bellawatt has a proprietary rate engine it uses for calculating electric bills based on full-year load profiles (i.e., a full year of 60-minute interval data commonly referred to as an “8760”). Note that Company is a stakeholder in the California Energy Commission’s statewide rate tool development process.
• Banner alert and text-messaging feature for communicating timely outage and DR events (or anything else that the Authority may want to announce) via the CMS. • Enrollment into a DR or VPP program. The Guide is designed to be the “front page” of rebates and programs, and can educate and enroll customers onto the Authority’s load flexibility strategy.
• Carbon emissions/reduction behavioral engagement functionality. A reduced scope of this functionality can be seen at Tucson Electric Power’s GoGreen tool available at https://gogreen.tep.com/.
• Project and timeline planner for larger home retrofits.

Service Level Agreement
Consultant will deploy and host the eHub via Amazon Web Services (AWS), whose Service Level Agreements are available at https://aws.amazon.com/legal/service-level-agreements.

Anything defined below is beyond the Service Level Agreement of AWS.

Technical Support Description.

Service Provider will provide to SVCE telephone and email support (“Technical Support”) during regular working hours of 8am to 5pm Pacific Time during business days. Technical Support will include any research and resolution activity performed by Service Provider. a) Request for Technical Support. Authorized Users will make Technical Support requests by calling or emailing Service Provider’s Technical Support staff or by submitting a request via Service Provider’s customer service form. The Technical Support staff shall assign to the request the Problem Severity Level (as defined herein) indicated by the requestor. b) Problem Severity Levels 1 and 2 Response and Resolution. For Technical Support requests not made by telephone, within the Request Response Time of such a request, Service Provider shall confirm to the requestor receipt of the request by Service Provider. If a Problem Severity Level 1 or 2 request cannot be corrected to the reasonable satisfaction of the requestor within the Request Resolution Time after the requestor makes the initial request for Technical Support, Service Provider will: (a) immediately escalate the request to Service Provider’s management; and (b) take and continue to take the actions which will most expeditiously resolve the request.
c) Problem Severity Levels 3 and 4 Response and Resolution. For Technical Support requests not made by telephone, within the Request Response Time of such a request, Service DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
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Provider shall confirm to the requestor receipt of the request by Service Provider. If a Problem Severity Level 3 or 4 request cannot be corrected to the reasonable satisfaction of the requestor within the Request Resolution Time after the requestor makes the initial request for Technical Support, at the sole election of requestor: (a) Service Provider will work continuously to resolve the request; or, (b) requestor and Service Provider will mutually agree upon a schedule within which to resolve the request.

Technical Support Problem Severity Levels
a) Problem Severity Level 1.
1) Description. This Problem Severity Level is within Company’s control and associated with: (a) Services, as a whole, are non-functional or are not accessible; (b) unauthorized exposure of all of part of SVCE Data; or, (c) loss or corruption of all or part of SVCE Data.
2) Request Response Time. 1 hour.
3) Request Resolution Time. 8 hours during business workdays. b) Problem Severity Level 2.
1) Description. This Problem Severity Level is within Company’s control and associated with significant and / or ongoing interruption of an Authorized User’s use of a critical function (as determined by the Authorized User) of the Services and for which no acceptable (as determined by the Authorized User) work-around is available. 2) Request Response Time. 2 hours.
3) Request Resolution Time. 24 hours during business workdays. c) Problem Severity Level 3.
1) Description. This Problem Severity Level is within Company’s control and associated with: (a) minor and / or limited interruption of an Authorized User’s use of a non-critical function (as determined by the Authorized User) of the Services; or, (b) problems which are not included in Problem Severity Levels 1 or 2. 2) Request Response Time. 24 hours.
3) Request Resolution Time. 72 hours during business workdays. d) Problem Severity Level 4.
1) Description. This Problem Severity Level is within Company’s control and associated with: (a) general questions pertaining to the Services; or, (b) problems which are not included in Problem Severity Levels 1, 2, or 3.

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2) Request Response Time. 48 hours.
3) Request Resolution Time. 120 hours during business workdays.

Service Levels.
a) Availability Service Level.
1) Definitions.
(a) “Actual Uptime” shall mean the total minutes in the reporting month that the Services were actually available to Authorized Users for normal use. (b) “Maintenance Window” shall mean the total minutes in the reporting month represented by the following day(s) and time(s) during which Service Provider shall maintain the Services: [Day(s) and Time(s)].
(c) “Scheduled Downtime” shall mean the total minutes in the reporting month represented by the Maintenance Window.
(d) “Scheduled Uptime” shall mean the total minutes in the reporting month less the total minutes represented by the Scheduled Downtime.
2) Service Level Standard. Services will be available to Authorized Users for normal use 100% of the Scheduled Uptime.
3) Calculation. (Actual Uptime / Scheduled Uptime) * 100 = Percentage Uptime (as calculated by rounding to the second decimal point)
4) Performance Credit.
(a) Where Percentage Uptime is greater than 99.8%, no Performance Credit will be due to SVCE.
(b) Where Percentage Uptime is equal to or less than 99.8%, SVCE shall be due a Performance Credit in the amount of 10% of the Maintenance and Enhancement Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Uptime.
5) Example Calculation.
(a) Assuming reporting month is February 2012 (41,760 minutes). (b) Assuming a Maintenance Window of Sundays from Midnight to 4:00 a.m. Eastern Standard Time (equals Scheduled Downtime of 960 minutes). (c) Scheduled Uptime equals 40,800 minutes (total minutes of 41,760 in February 2012 less 960 minutes of Scheduled Downtime).

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(d) Assuming Actual Uptime of 40,000 minutes. A Percentage Uptime is calculated as follows: (40,000 / 40,800) *100 = 98.04%.
(e) The threshold of 99.99% less the Percentage Uptime of 98.04% = 1.95%. (f) The difference is greater than a 1% reduction but is less than a 2% reduction; therefore, SVCE is due 10% of the Maintenance and Enhancement Fees as a Performance Credit.
b) Services Response Time Service Level.
1) Definition(s).
(a) “Response Time” shall mean the interval of time from when an Authorized User requests, via the Services, a Transaction to when visual confirmation of Transaction completion is received by the Authorized User. For example, Response Time includes the period of time representing the point at which an Authorized User enters and submits data to the Services and the Services display a message to the Authorized User that the data has been saved.
(b) “Total Transactions” shall mean the total of Transactions occurring in the reporting month.
(c) “Transaction” or “Transactions” shall mean Services web page loads, Services web page displays, and Authorized User Services requests.
2) Service Level Standard. Transactions will have a Response Time of 10 seconds or less 100% of the time each reporting month during the periods for which the Services are available.
3) Calculation. ((Total Transactions – Total Transactions failing Standard) / Total Transactions) * 100 = Percentage Response Time (as calculated by rounding to the second decimal point).
4) Performance Credit.
(a) Where Percentage Response Time is greater than 95.00%, no Performance Credit will be due to SVCE.
(b) Where Percentage Response Time is equal to or less than 95.00%, SVCE shall be due a Performance Credit in the amount of 1% of the Maintenance and Enhancement Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Response Time.
5) Example Calculation.
(a) Total Transactions during the reporting month equal 42,078.

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(b) Total Transactions failing the Standard of 100% equal 2,163. (c) Percentage Response Time is calculated as follows: ((42,078 – 2,163) / 42,078) * 100 = 94.86%
(d) The threshold of 95.01% less the Percentage Response Time of 94.86% = .15%.

The difference is less than a 1% reduction; therefore, SVCE is not due a Performance Credit.
c) Technical Support Problem Response Service Level.
1) Definition. “Total Problems” shall mean the total of problems occurring in the reporting month.
2) Service Level Standard. Problems shall be confirmed as received by Service Provider 100% of the time each reporting month, in accordance with the Request Response Time associated with the Problem Severity Level.
3) Calculation. ((Total Problems – Total Problems failing Standard) / Total Problems) * 100 = Percentage Problem Response (as calculated by rounding to the second decimal point). Note: This Calculation must be completed for each Problem Severity Level. 4) Performance Credit.
(a) Problem Severity Level 1 – 2.
(1) Where Percentage Problem Response is greater than 98.00%, no Performance Credit will be due to SVCE.
(2) Where Percentage Problem Response is equal to or less than 98.00%, SVCE shall be due a Performance Credit in the amount of 1% of the Maintenance and Enhancement Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Problem Response. (b) Problem Severity Level 3 – 4.
(1) Where Percentage Problem Response is greater than 90.00%, no Performance Credit will be due to SVCE.
(2) Where Percentage Problem Response is equal to or less than 90.00%, SVCE shall be due a Performance Credit in the amount of .5% of the Maintenance and Enhancement Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Problem Response. 5) Example Calculation (Using Problem Severity Level 1 – 2). (a) Total Problems during the reporting month equal 68.

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(b) Total Problems failing the Standard of 100% equal 3. (c) Percentage Problem Response is calculated as follows: ((68 – 3) / 68) * 100 =

95.59%
(d) The threshold of 99.01% less the Percentage Problem Response of 95.59% =

3.42%. The difference is greater than a 3% reduction but is less than a 4% reduction; therefore, SVCE is due 3% of the Maintenance and Enhancement Fees as a Performance Credit.
d) Technical Support Problem Resolution Service Level.
1) Definition. “Total Problems” shall mean the total of problems occurring in the reporting month.
2) Service Level Standard. Problems shall be resolved by Service Provider 100% of the time each reporting month, in accordance with the Request Resolution Time associated with the Problem Severity Level.
3) Calculation. ((Total Problems – Total Problems failing Standard) / Total Problems) * 100 = Percentage Problem Resolution (as calculated by rounding to the second decimal point). Note: This Calculation must be completed for each Problem Severity Level. 4) Performance Credit.
(a) Problem Severity Level 1 – 2.
(1) Where Percentage Problem Resolution is greater than 99.00%, no Performance Credit will be due to SVCE.
(2) Where Percentage Problem Resolution is equal to or less than 99.00%, SVCE shall be due a Performance Credit in the amount of 5% of the Maintenance and Enhancement Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Problem Resolution. (b) Problem Severity Level 3 – 4.
(1) Where Percentage Problem Resolution is greater than 90.00%, no Performance Credit will be due to SVCE.
(2) Where Percentage Problem Resolution is equal to or less than 90.00%, SVCE shall be due a Performance Credit in the amount of 1% of the Maintenance and Enhancement Fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in Percentage Problem Resolution. 5) Example Calculation (Using Problem Severity Level 3 – 4). (a) Total Problems during the reporting month equal 17.

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(b) Total Problems failing the Standard of 100% equal 2. (c) Percentage Problem Resolution is calculated as follows: ((17 – 2) / 17) * 100 =

88.24%
(d) The threshold of 90.01% less the Percentage Problem Resolution of 88.24% =

1.77%. The difference is greater than a 1% reduction but is less than a 2% reduction; therefore, SVCE is due 1% of the Maintenance and Enhancement Fees as a Performance Credit.

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Exhibit B
Schedule of Performance
Consultant will execute the Scope of Services as defined in Exhibit A in a phased approach, where each major Task is broken down into Milestones.

Task Milestone Complete
1: Implementation Plan Kickoff April 15, 2024
Delivery of Plan and Designs May 13, 2024
2: eHub and Appliances
Assistant Features
Development Kickoff May 20, 2024
Launch of eHub with Appliances Assistant July 15, 2024
3: Instant Rebates and
Data Integrations
Kickoff Rebate and Integration Work August 1, 2024
Launch Integrations October 1, 2024
This schedule may be modified with the written approval of the Authority.

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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 six-hundred sixty-seven thousand and five-hundred dollars ($667,500 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 Budget

1. Milestone 1 – Implementation Plan – Kickoff $ 32,900

2. Milestone 1 – Implementation Plan – Delivery $ 32,900

3. Milestone 2 – eHub and Appliances Assistant – Kickoff $ 89,300

4. Milestone 2 – eHub and Appliances Assistant – Launch $ 89,300

5. Milestone 3 – Instant Rebates and Data Integrations – Kickoff $ 72,850

6. Milestone 3 – Instant Rebates and Data Integrations – Launch $ 72,850

7. Year 1 Maintenance & Enhancements – Oct 1 2024 through Sept 30 2025 $ 65,800

8. Year 2 Maintenance & Enhancements – Oct 1 2025 through Sept 30 2026 $ 65,800

9. Year 3 Maintenance & Enhancements – Oct 1 2026 through Sept 30 2027 $ 65,800

10. Contingency funding for additional features or functionality on an as-needed basis.Up to $80,000 within this
SOW
Total $667,500
Rates
Personnel Title Hourly
Dalton Vogler Product Manager $235.00
Sky Davis Product Designer $235.00
Jake Rogers Front-End Engineer $235.00
Matt Bauer Full-Stack Engineer $235.00
The Consultant reserves the right, at its sole discretion, to supplement the designated team with supplementary personnel as it deems necessary and appropriate to fulfill its obligations and responsibilities efficiently and effectively under the terms of this Agreement. All Consultant staff DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
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will be charged at the equivalent rate above of $235.00 US Dollars per hour.

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.

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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 $1,000,000 US per occurrence.

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Exhibit E
Confidentiality and Data Security Requirements
Subject to the terms and conditions of the Agreement, current proprietary and confidential information of Authority regarding customers of Authority (“Authority Customers”) and/or other confidential information (collectively “Confidential Information”) may be disclosed to Consultant from time to time in connection herewith solely for the purposes set forth in the Agreement. Such disclosure is subject to the following legal continuing representations and warranties by Consultant:

1. The Confidential Information disclosed to Consultant in connection herewith may include, without limitation, the following information about Authority Customers: (a) names; (b) addresses; (c) telephone numbers and email addresses; (d) service agreement numbers and account numbers; (e) meter and other identification numbers; (f) Authority-designated account numbers; (g) electricity and gas usage (including monthly usage, monthly maximum demand, electrical or gas consumption, HP load, and other data detailing electricity or gas needs and patterns of usage); (h) billing information (including rate schedule, baseline zone, CARE participation, end use code (heat source) service voltage, medical baseline, meter cycle, bill cycle, balanced payment plan and other plans); (i) payment / deposit status; (j) number of units; and (k) other similar information specific to Authority Customers individually or in the aggregate. Confidential Information shall also include specifically any copies, drafts, revisions, analyses, summaries, extracts, memoranda, reports and other materials prepared by Consultant or its representatives that are derived from or based on Confidential Information disclosed by Authority, regardless of the form of media in which it is prepared, recorded or retained.

2. Except for electric and gas usage information provided to Consultant pursuant to this Agreement, Confidential Information does not include information that Consultant proves (a) was properly in the possession of Consultant at the time of disclosure; (b) is or becomes publicly known through no fault of Consultant, its employees or representatives; or (c) was independently developed by Consultant, its employees or representatives without access to any Confidential Information.

3. From the Effective Date, no portion of the Confidential Information may be disclosed, disseminated or appropriated by Consultant, or used for any purpose other than the purposes set forth in the Agreement.

4. Consultant shall, at all times and in perpetuity, keep the Confidential Information in the strictest confidence and shall take all reasonable measures to prevent unauthorized or improper disclosure or use of Confidential Information. Consultant shall implement and maintain reasonable security procedures and practices appropriate to the nature of the information, to protect the personal information from unauthorized access, destruction, use, modification, or disclosure and prohibits the use of the data for purposes not set forth in the Agreement. Specifically, Consultant shall restrict access to Confidential Information, and to materials prepared in connection therewith, to those employees or representatives of Consultant who have a “need to know” such Confidential Information in the course of DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0
their duties with respect to the Consultant program and who agree to be bound by the nondisclosure and confidentiality obligations of this Agreement. Prior to disclosing any Confidential Information to its employees or representatives, Consultant shall require such employees or representatives to whom Confidential Information is to be disclosed to review this Agreement and to agree to be bound by the terms of this Agreement. Consultant shall not disclose Confidential Information or otherwise make it available, in any form or manner, to any other person or entity that is not Consultant’s employee or representative (a “Third Party”), except where that Third Party has separately entered into a nondisclosure agreement with Authority. Without limiting Consultant’s obligation of confidentiality as further described herein, Consultant shall be responsible for establishing, maintaining, and providing a written description to Authority of, a data privacy and information security program, including physical, technical, administrative, and organizational safeguards, that comply with or are substantial similar to the security controls identified in the current version of NIST SP800-53, and that is designed to: (a) ensure the security and confidentiality of the Authority’s Data; (b) protect against any anticipated threats or hazards to the security or integrity of the Data; (c) protect against unauthorized disclosure, access to, or use of the Data; (d) ensure the proper disposal of Data; and, (e) ensure that all employees, agents, and subcontractors of Consultant, if any, comply with all of the foregoing. In no case shall the safeguards of Consultant’s data privacy and information security program used to protect Data be less stringent than the safeguards used by Consultant for its own data. If the services include handling credit card information, then the Consultant shall comply at all times with all applicable Payment Card Industry Data Security Standards (PCI-DSS). Consultant agrees and warrants that it is responsible for the security of “cardholder data” that Consultant possesses, stores, processes or transmits on behalf of the Authority, and for any impact on the security of Authority’s cardholder data environment adversely affected by any failure of Company to maintain compliance with provisions of the PCI-DSS applicable to the services. No less than annually, Consultant shall conduct a comprehensive independent third-party audit of its data privacy and information security program and provide such audit findings to Authority. The required audit shall be a SAS-70 (or successor standard) compliant audit, and Consultant shall provide the audit findings in the form of an SAS-70 Type II report.

5. Notwithstanding the above, Consultant may disclose Confidential Information to the extent required by an order, subpoena, or lawful process requiring the disclosure of such Confidential Information issued by a court or other governmental authority of competent jurisdiction, provided that Consultant notifies Authority immediately upon receipt thereof to allow Authority to seek protective treatment for such Confidential Information.

6. In the event of any act, error or omission, negligence, misconduct, or breach that permits any unauthorized access to, or that compromises or is suspected to compromise the security, confidentiality, or integrity of the Authority’s Data or the physical, technical, administrative, or organizational safeguards put in place by Consultant that relate to the protection of the security, confidentiality, or integrity of the Data, Consultant shall, as applicable: (a) notify Authority as soon as practicable but no later than twenty-four (24) hours of becoming aware of such occurrence; (b) cooperate with Authority in investigating the occurrence, including making available all relevant records, logs, files, data reporting, and other materials required to comply with applicable law or as otherwise DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0
required by Authority; (c) in the case of Confidential Information, at Authority’s sole election, (i) notify the affected individuals who comprise the Confidential Information as soon as practicable but no later than is required to comply with applicable law including, but not limited to, the provisions of California Civil Code Section 1798.82, or, in the absence of any legally required notification period, within five (5) calendar days of becoming aware of the occurrence; or, (ii) reimburse Authority for any costs in notifying the affected individuals; (d) in the case of Confidential Information, provide third-party credit and identity monitoring services to each of the affected individuals who comprise the Confidential Information for the period required to comply with applicable law, or, in the absence of any legally required monitoring services, for no less than twelve (12) months following the date of notification to such individuals; (e) perform or take any other actions required to comply with applicable law as a result of the occurrence; (f) without limiting Consultant’s obligations of indemnification as further described in this Agreement, indemnify, defend, and hold harmless Authority for any and all Claims (as defined herein), including reasonable attorneys’ fees, costs, and expenses incidental thereto, which may be suffered by, accrued against, charged to, or recoverable from Authority in connection with the occurrence; (g) be responsible for recreating lost Data in the manner and on the schedule set by Authority without charge to Authority; (h) provide to Authority a detailed plan within ten (10) calendar days of the occurrence describing the measures Consultant will undertake to prevent a future occurrence and (i) upon conclusion of the occurrence, or at Authority’s request, provide to Authority a comprehensive summary of the occurrence, including reason for occurrence, details of occurrence, how occurrence was addressed and any other information required by Authority, which shall be executed by Consultant and may be relied upon by Authority as a true and accurate account of the occurrence. Notification to affected individuals, as described above, shall comply with applicable law, be written in plain language, and contain, at a minimum: name and contact information of Consultant’s representative; a description of the nature of the loss; a list of the types of data involved; the known or approximate date of the loss; how such loss may affect the affected individual; what steps Consultant has taken to protect the affected individual; what steps the affected individual can take to protect himself or herself; contact information for major credit card reporting agencies; and, information regarding the credit and identity monitoring services to be provided by Consultant. This Section shall survive the termination of this Agreement.

7. It shall be considered a material breach of this Agreement if Consultant engages in a pattern or practice of accessing, storing, using, or disclosing the Confidential Information in violation of the contractual obligations described herein. Consultant understands that if Authority finds that Consultant is engaged in a pattern or practice of accessing, storing, using, or disclosing Confidential Information in violation of this Agreement Authority shall promptly cease all disclosures of Confidential Information to Consultant. Consultant further understands that if Authority receives a customer complaint about Consultant’s misuse of data or other violation of the Disclosure Provisions, Authority shall promptly cease disclosing that customer’s information to Consultant and shall notify the California Public Utilities Commission of the complaint.

DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.
1/2024 Version 1.0

8. Consultant shall be liable for the actions of, or any disclosure or use by, its employees or representatives contrary to this Agreement; however, such liability shall not limit or prevent any actions by Authority directly against such employees or representatives for improper disclosure and/or use. In no event shall Consultant or its employees or representatives take any actions related to Confidential Information that are inconsistent with holding Confidential Information in strict confidence. Consultant shall immediately notify Authority in writing if it becomes aware of the possibility of any misuse or misappropriation of the Confidential Information by Consultant or any of its employees or representatives. However, nothing in this Agreement shall obligate the Authority to monitor or enforce the Consultant’s compliance with the terms of this Agreement.

9. Consultant shall comply with the consumer protections concerning subsequent disclosure and use set forth in Attachment B to California Public Utilities Commission (CPUC) Decision No. 12-08-045.

10. In addition to any other requirements set forth in the Agreement, within ten (10) business days of receipt of Authority’s written request, and at Authority’s option, Consultant will either return to Authority all tangible Confidential Information, including but not limited to all electronic files, documentation, notes, plans, drawings, and copies thereof, or will provide Authority with written certification that all such tangible Confidential Information of Authority has been destroyed.

11. Consultant acknowledges that disclosure or misappropriation of any Confidential Information could cause irreparable harm to Authority and/or Authority Customers, the amount of which may be difficult to assess. Accordingly, Consultant hereby confirms that the Authority shall be entitled to apply to a court of competent jurisdiction or the California Public Utilities Commission for an injunction, specific performance or such other relief (without posting bond) as may be appropriate in the event of improper disclosure or misuse of its Confidential Information by Consultant or its employees or representatives. Such right shall, however, be construed to be in addition to any other remedies available to the Authority, in law or equity.

12. In addition to all other remedies, Consultant shall indemnify and hold harmless Authority, its officers, employees, or agents from and against and claims, actions, suits, liabilities, damages, losses, expenses and costs (including reasonable attorneys’ fees, costs and disbursements) attributable to actions or non-actions of Consultant and/or its employees and/or its representatives in connection with the use or disclosure of Confidential Information.

13. When Consultant fully performs the purposes set forth in the Agreement, or if at any time Consultant ceases performance or Authority requires Consultant cease performance of the purposes set forth in the Agreement, Consultant shall promptly return or destroy (with written notice to Authority itemizing the materials destroyed) all Confidential Information then in its possession at the direction of Authority. Notwithstanding the foregoing, the nondisclosure obligations of this Agreement shall survive any termination of this Agreement.

DocuSignEnvelopeID:41EEA75A-F38B-44E4-917A-E76CD276D7D2 Item 1i
Attachment 2
Agreement with Bellawatt. Inc.

Page 1 of 2 ends

Silicon Valley Clean Energy Board of DirectorsJune 11, 2025

Silicon Valley Clean Energy Board of Directors
June 11, 2025