Silicon Valley Clean Energy Authority
Board of Directors Meeting
Wednesday, December 10, 2025
7:00 pm
Sunnyvale Civic Center
456 W. Olive Ave
Sunnyvale, CA
Gilroy City Hall
Administration Conference Room
7351 Rosanna Street
Gilroy, CA
MEETING MINUTES
Call to Order:
Chair Tyson called the meeting to order at 7:02 p.m.
Roll Call
Present:
George Tyson (Chair), Los Altos Hills
Larry Klein (Vice Chair), Sunnyvale
Elliot Scozzola, Campbell
J.R. Fruen, Cupertino
Zach Hilton, Gilroy (participated remotely)
Sally Meadows, Los Altos
Rob Rennie, Los Gatos
Garry Barbadillo, Milpitas
Bryan Mekechuk, Monte Sereno
Yvonne Martinez Beltran, Morgan Hill
Pat Showalter, Mountain View
Tina Walia, Saratoga
Absent:
Otto Lee, Santa Clara County
A quorum was present.
Public Comment on Matters Not Listed on the Agenda
No speakers.
Consent Calendar
Chair Tyson provided a summary of Item 1e) Approve Amendment No. 1 to Employment Agreement for Chief Executive Officer, noting the amendment reflects an extension with Monica Padilla, Chief Executive Officer (CEO), by one year to September 30, 2028; changes salary to $450,000 effective October 1, DocusignEnvelopeID:6C6A1150-A380-41D7-BE7B-F1E4CBFFFB79
2025; provides an automatic cost of living adjustment of 3% as a maximum in subsequent years; and ensures the contribution from SVCE to her retirement account of 10%.
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 November 12, 2025, Board of Directors Meeting 1b) Approve Minutes of the November 14, 2025, Board of Directors Special Meeting 1c) Receive October 2025 Treasurer Report
1d) Approve Amendment No. 1 to Employment Agreement for Chief Executive Officer 1e) Authorize the Chief Executive Officer to Execute Agreements with the Cities of Sunnyvale and Los Altos to Administer City Rebates for Home Electrification 1f) Receive Closing Report of the 2025 Legislative Ad Hoc Committee of the Board 1g) Receive Finance and Administration Committee Report 1h) Receive Additional Committees Report
1i) Receive California Community Power Report
MOTION: Director Mekechuk moved and Director Walia seconded the motion to approve the Consent Calendar, Items 1a through 1i.
The motion carried unanimously by verbal roll call vote with Director Lee absent.
Regular Calendar
2) CEO Report (Informational)
CEO Padilla addressed the following in her report:
• Introduction of Blake VandeVelde, Manager of Information Technology, who provided brief welcome comments;
• A reminder that on December 12, 2025 at 10:00 a.m., SVCE will be holding a Special Board of Directors Meeting, in addition to hosting guest speaker Severin Borenstein at 8:30 a.m.; and • Zoe Elizabeth, Director of Decarbonization Policy and Community Strategies, provided an update on Bay Area Air District rules and member agency electric code enhancement efforts.
There were no questions or comments on CEO Padilla’s report. 3) Approve 2026 Silicon Valley Clean Energy Board of Directors Regular Board Meeting Schedule (Action)
Andrea Pizano, Board Clerk, presented the proposed regular Board of Directors meeting schedule for 2026, noting a conflict in November due to the Veterans Day holiday.
Board members discussed availability and preferred timing for a November meeting. Vice Chair Klein noted the potential turnover for Board members in 2026, and suggested a poll could be sent to reconfirm November availability in the new year.
Chair Tyson opened Public Comment.
No speakers.
Chair Tyson closed Public Comment.
MOTION: Vice Chair Klein moved and Director Mekechuk seconded the motion to approve the 2026 Board of Directors regular meeting schedule of the second Wednesday of the month at 7:00 p.m. with a July summer recess and the November meeting to take place on November 13, 2026 at 3:00 p.m.
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The motion carried unanimously by verbal roll call vote with Director Lee absent. 4) Approve 2026 Legislative Policy Platform and Identify Focus Areas for the 2026 Legislative Ad Hoc Committee (Action)
Bena Chang, Director of Government and Legislative Affairs, introduced Chris Micheli, SVCE’s state lobbyist from Snodgrass & Micheli, LLC, who provided a state update and forecast of 2026 policies.
Director of Government and Legislative Affairs Chang presented a federal update, reviewed the proposed 2026 Legislative Policy Platform, and requested the Board establish a Legislative Ad Hoc Committee to facilitate engagement between the SVCE Board and staff on legislative issues.
Staff responded to a questions from the Board on potential bill ideas.
Chair Tyson opened Public Comment.
No speakers.
Chair Tyson closed Public Comment
MOTION: Director Martinez Beltran moved and Director Scozzola seconded the motion to approve SVCE’s 2026 Legislative Policy Platform and create the 2026 Legislative Ad Hoc Committee.
Chair Tyson noted membership of the 2026 Legislative Ad Hoc Committee would be selected in 2026.
The motion carried unanimously by verbal roll call vote with Director Lee absent.
Following the vote on Item 4, the Board heard Item 6.
5) Approve Fiscal Year 2025-2026 Budget Update and 2026 Customer Rate Setting (Action) This item was heard following Item 6.
Amrit Singh, Chief Financial Officer (CFO), presented a request for the Board of Directors to authorize the implementation of SVCE generation rate charges and adopt the updated fiscal year 2025-2026 operating budget. CFO Singh reviewed the highlights of the updated financial forecast which included the following:
• 2026 Customer Discount: recommendation of 1% and an additional $12 bill credit for low-income customers;
• The five-year margins remained negative, under a business-as-usual scenario; and • The fiscal year 2026 draw on reserves increased to $60 million from $40 million Also included in the presentation was a comparison of the fiscal year 2026 adopted budget versus the adjusted budget, a rate comparison of 2025 rate to the adopted budget forecast 2026 rate, reserve projections, staff’s proposal to keep the days cash on hand (DCOH) above 250, and a potential rate premium in 2027 to keep the DCOH above 250.
CFO Singh reviewed the staff recommendation for the Board of Directors to:
1) Authorize the CEO to implement SVCE generation rate changes to establish a 1% discount to PG&E’s applicable generation rates, provide a $12 monthly bill credit to CARE/FERA customers, and update the GreenPrime rate premium to $0.0074/kWh, when PG&E’s updated rates are implemented, expected to be January 1, 2026, or after allocation of the sufficient time window for implementing new generation rates in SVCE’s billing system, expected to be within three weeks of PG&E’s release of the new 2026 rates, and
2) Update the fiscal year 2025-2026 operating budget that projects withdrawal of $60.5 million from the reserves, considering updated revenues, power supply expenses, and investment-earning forecasts; and allocation of $5.5 million to the building fund.
Staff responded to Board member questions regarding PG&E rate projections, anticipated PG&E changes in the coming weeks, Power Charge Indifference Adjustment projections, timing of the Annual DocusignEnvelopeID:6C6A1150-A380-41D7-BE7B-F1E4CBFFFB79
Electric True-Up (AET) filing for PG&E, minimum target DCOH, and clarifying questions on staff’s recommendation for 2026 rates in comparison to projections for 2027.
Chair Tyson opened Public Comment.
No speakers.
Chair Tyson closed Public Comment.
MOTION: Vice Chair Klein moved and Director Fruen seconded the motion to adopt Resolution 2025-24 approving customer generation rates and the fiscal year 2025-2026 updated budget.
The motion carried by verbal roll call vote with a no vote by Director Barbadillo and Director Lee absent.
Following the vote on Item 5, the Board heard Item 7.
6) Data Center Information (Discussion)
This item was heard following Item 4.
Maren Wenzel, Director of Regulatory, Policy and Planning, presented information on data centers, which included an overview of data centers, California specific issues, and impacts to SVCE, and reviewed next steps in forecasting, regulatory advocacy, and customer engagement.
Staff responded to Board member questions regarding PG&E’s forecast of data center growth, the potential impact to SVCE as a result of PG&E’s Electric Rule 30, data centers in Santa Clara, SVCE’s desire to serve all customers, an estimate of how many racks is a normal amount for AI data centers, clarification on if PG&E’s Electric Rule 30 applies to any load that wants to connect at the transmission level and not only data centers, quarterly report status, state procurement orders, the 6,000 MW of additional net qualifying capacity by 2032 identified by the CPUC’s Needs Assessment, if there will be any challenges with transmission and distribution associated with data centers, transmission constraints, and SVCE’s annual peak load.
Chair Tyson opened Public Comment.
No speakers.
Chair Tyson closed Public Comment.
Following Item 6, the Board considered Item 5.
7) Financial Levers Overview and Introduction (Discussion) This item was heard following Item 5.
CEO Padilla introduced the item, noting it was foundational information for the Special Meeting taking place on Friday, December 12, 2025, and for future discussions.
Justin Zagunis, Director of Customer Success, presented an overview of SVCE’s financial levers, noting projected compression on margins and drawdown from reserves would require SVCE to adjust the way things are currently being done. Director of Customer Success Zagunis reviewed the potential financial levers which included: 1) moving from a rate discount to a premium, 2) loosening clean electricity targets, and 3) scaling back decarbonization programs.
Staff responded to Board member questions on SVCE’s participation in California’s wholesale energy spot market, and if there was a plan to discuss at the Special Meeting on December 12, 2025 the possibility of pulling funds from SVCE’s new headquarters.
Chair Tyson opened Public Comment.
No speakers.
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Chair Tyson closed Public Comment.
8) Integrated Decarbonization Roadmap (Discussion)
Director of Decarbonization Policy and Community Strategies Elizabeth and Colleen McCamy, Data Scientist, presented background information on the 2026 Integrated Decarbonization Roadmap, which will build off of seven years of previous work to build a plan focused to overcome future challenges. Staff reviewed emissions sources, customer types, decarbonization trends, and next steps for development of the roadmap which included a discussion at the December 12, 2025 Special Meeting.
Chair Tyson opened Public Comment.
No speakers.
Chair Tyson closed Public Comment.
Board Member Announcements and Future Agenda Items
Director Scozzola apologized for his absence at the November 12, 2025 Board of Directors meeting.
Director Meadows thanked Director Scozzola for his apology and announced the Los Altos City Council unanimously passed the implementation of the residential rebate program for heat pump HVAC systems and heat pump water heaters (HPWH).
Vice Chair Klein noted he connected with staff on a potential future policy discussion relating to remote meeting attendance.
Vice Chair Klein announced he received multiple applications for the 2026 Board Officers Nominating Committee and thanked Directors Showalter and Scozzola for their participation in the committee, which will also include Vice Chair Klein. Vice Chair Klein reminded the Board of Directors to submit their interest in serving as a Board Officer (Chair, Vice Chair, Executive Committee) to Board Clerk Andrea Pizano by close of business on December 12, 2025 and noted a reminder would be also be sent.
CEO Padilla announced the SVCE Office would be closed from December 25, 2025 – January 1, 2026.
Adjourn
Chair Tyson adjourned the meeting at 9:30 p.m.
ATTEST:
________________________
Andrea Pizano, Board Secretary
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