Agenda packet, first session — Silicon Valley Clean Energy Board of Directors, February 11, 2026 (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).

Larry Klein, Chair
City of Sunnyvale
Sally Meadows, Vice Chair
City of Los Altos
Elliot Scozzola
City of Campbell
R “Ray” Wang
City of Cupertino
Zach Hilton
City of Gilroy
George Tyson
Town of Los Altos Hills
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
Chuck Page
City of Saratoga
Otto Lee
County of Santa Clara
svcleanenergy.org
333 W El Camino Real
Suite 330
Sunnyvale, CA 94087
Silicon Valley Clean Energy Authority
Board of Directors Meeting
Wednesday, February 11, 2026
7:00 pm
Sunnyvale Civic Center
456 W. Olive Avenue
Sunnyvale, CA
Gilroy City Hall
Administration Conference Room
7351 Rosanna Street
Gilroy, CA
Teleconference Meeting
Webinar:
https://svcleanenergy-org.zoom.us/j/89924077063
Telephone (Audio Only):

US: +1 669-219-2599
Webinar ID: 899 2407 7063
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 January 14, 2026, Board of Directors Meeting 1b) Receive December 2025 Treasurer Report
1c) Receive SVCE Rate Schedules Effective January 1, 2026 1d) Approve 2026 Updates to Exhibit C, Annual Energy Use, and Exhibit D, Voting Shares, of the SVCE Joint Powers Agreement
1e) Receive December 2025 Decarbonization Strategy and Programs Quarterly Report
1f) Authorize the Chief Executive Officer to Execute an Amendment to the Renewable Power Purchase Agreement with ORNI 50 LLC and Any Necessary Ancillary Agreements and Documents to Extend the Term by Five Years, Increase the Capacity to 7.5 Megawatts and Set a New Not-to-Exceed Amount of $72,500,000 1g) Authorize the Chief Executive Officer to Execute an Agreement with CLEAResult to Provide Technical Assistance Services for the Community Grants Program with a Not-to-Exceed Amount of $300,000
1h) Receive Executive Committee Report
1i) Receive Additional Committees Report
1j) Receive California Community Power Report

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Larry Klein, Chair
City of Sunnyvale
Sally Meadows, Vice Chair
City of Los Altos
Elliot Scozzola
City of Campbell
R “Ray” Wang
City of Cupertino
Zach Hilton
City of Gilroy
George Tyson
Town of Los Altos Hills
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
Chuck Page
City of Saratoga
Otto Lee
County of Santa Clara
svcleanenergy.org
333 W El Camino Real
Suite 330
Sunnyvale, CA 94087
Regular Calendar
2) CEO Report (Informational)
3) Appoint Members to 2026 SVCE Committees (Action)
4) Approve New May Board of Directors Regular Meeting Date (Action) 5) Adopt Resolution 2026-04 Revising the General and Administrative Policy 9: Hybrid Meetings to Set Preferences for Participation Rules and Incorporate Changes from SB 707 (2025) (Action)
6) Power Charge Indifference Adjustment Briefing (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, January 14, 2026
7:00 pm
Sunnyvale Civic Center
456 W. Olive Ave
Sunnyvale, CA
Gilroy City Hall
Administration Conference Room
7351 Rosanna Street
Gilroy, CA

DRAFT MEETING MINUTES
Call to Order:

Chair Tyson called the meeting to order at 7:01 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
Maria Ristow, Los Gatos
Garry Barbadillo, Milpitas
Bryan Mekechuk, Monte Sereno
Yvonne Martinez Beltran, Morgan Hill
Pat Showalter, Mountain View
Chuck Page, Saratoga
Otto Lee, Santa Clara County

Absent:

None.

Public Comment on Matters Not Listed on the Agenda
Bruce Karney, Mountain View resident, addressed an invitation sent via email for an upcoming Carbon Free Mountain View meeting with guest speaker Joshua Neutel, lead author of Stanford University study, “What will it take to get to net-zero emissions in California?” Adopt Resolution Commending George Tyson for His Dedicated Service as Chair of the Board of Directors in 2025
Vice Chair Klein presented Chair Tyson with a resolution on behalf of the Board of Directors and thanked him for his service as Chair of the Board in 2025.

Item 1a Draft Minutes: 1/14/26 Board of Directors Meeting SILICON VALLEY \3/ CLEAN ENERGY

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Vice Chair Klein opened Public Comment.

No speakers.

Vice Chair Klein closed Public Comment.

Board members shared their gratitude to Chair Tyson for his leadership.

MOTION: Director Showalter moved and Director Mekechuk seconded the motion to adopt Resolution 2026-01 commending Chair George Tyson for his dedicated service as Chair of the Board of Directors in 2025.

The motion carried unanimously by verbal roll call vote.

Chair Tyson thanked the board for their acknowledgement and provided brief comments.

Consent Calendar (Action)
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 December 10, 2025, Board of Directors Meeting 1b) Approve Minutes of the December 12, 2025, Board of Directors Special Meeting 1c) Receive November 2025 Treasurer Report
1d) Appoint SVCE Treasurer/Auditor and Board Secretary for 2026 1e) Adopt Resolution Amending SVCE Conflict of Interest Code to Add Multiple Titles and Change the Titles of Power Settlements and Compliance Analyst to Power Settlements Analyst, and Regulatory and Compliance Manager to Compliance Manager as Designated Positions for Filing Statements of Economic Interests
1f) Authorize the Chief Executive Officer to Finalize and Execute Agreement with Beals Martin and Associates, Inc. to Support the Development and Construction of SVCE’s New Headquarters in the Amount of $6,554,435
1g) Authorize the Chief Executive Officer to Execute an Amended and Restated Agreement with IP Darden III, LLC for 91.48 MW of Solar Photovoltaic Energy and a 91.48 MW Co-located, Four-Hour Battery Energy Storage System to Extend the Term of the Original Agreement by Five Years, Reduce the Price and Increase the Lifetime Not-to-Exceed Amount to $440,000,000 1h) Receive Executive Committee Report
1i) Receive Additional Committees Report
1j) Receive California Community Power Report
MOTION: Director Mekechuk moved and Vice Chair Klein seconded the motion to approve the Consent Calendar, Items 1a through 1j.

The motion carried unanimously by verbal roll call vote.

Regular Calendar
2) CEO Report (Informational)
CEO Padilla addressed the following in her report:
• A welcome to new board member, Director Chuck Page, representing Saratoga; and • Recognition of staff members who received peer nominated awards at SVCE’s banquet dinner in December.

Chair Tyson opened Public Comment.

No speakers.

Chair Tyson closed Public Comment.

Item 1a Draft Minutes: 1/14/26 Board of Directors Meeting

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3) Elect Silicon Valley Clean Energy Board Officers for 2026 (Action) Vice Chair Klein, speaking on behalf of the Nominating Ad Hoc Committee, shared the recommendations for 2026 Board Officers which included:

Recommendation for Board Chair: Larry Klein, Sunnyvale
Recommendation for Board Vice Chair: Sally Meadows, Los Altos Recommendation for Executive Committee:
• Elliot Scozzola, Campbell
• Sally Meadows, Los Altos
• George Tyson, Los Altos Hills
• Yvonne Martinez Beltran, Morgan Hill
• Pat Showalter, Mountain View
• Larry Klein, Sunnyvale
Director Scozzola and Director Showalter shared comments as members of the Nominating Ad Hoc Committee.

Chair Tyson opened the floor for nominations for the role of Chair.

MOTION: Director Meadows moved and Director Martinez Beltran seconded the motion to nominate Director Larry Klein to serve as Chair of SVCE’s Board of Directors in 2026.

Chair Tyson opened Public Comment.

No speakers.

Chair Tyson closed Public Comment.

The motion carried unanimously by verbal roll call vote.

Following the vote, former Chair Tyson congratulated newly appointed Chair Klein and passed the gavel for Chair Klein to preside over the remainder of the meeting.

Chair Klein opened the floor for nominations for the role of Vice Chair.

MOTION: Director Martinez Beltran moved and Alternate Director Ristow seconded the motion to nominate Director Sally Meadows to serve as Vice Chair of SVCE’s Board of Directors in 2026.

Chair Klein confirmed with Director Meadows that she supported the nomination.

Chair Klein opened Public Comment.

No speakers.

Chair Klein closed Public Comment.

The motion carried unanimously by verbal roll call vote.

Following the vote for the Vice Chair, Chair Klein confirmed that all directors who were included in the recommendation to serve on the Executive Committee were still interested and that there were no additional members interested in serving.

MOTION: Director Lee moved and Director Mekechuk seconded the motion to appoint Director Scozzola, Vice Chair Meadows, Director Tyson, Director Martinez Beltran, Director Showalter, and Chair Klein to serve on the 2026 SVCE Executive Committee.

Chair Klein opened Public Comment.

No speakers.

Chair Klein closed Public Comment.

The motion carried unanimously by verbal roll call vote.

Item 1a Draft Minutes: 1/14/26 Board of Directors Meeting

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Board Clerk Andrea Pizano provided a deadline reminder for members interested in serving on SVCE’s remaining committees, which would be appointed at the February Board of Directors meeting. 4) Authorize the Chief Executive Officer to Finalize Negotiations and Execute Necessary Agreements for Willow Rock Long Duration Energy Storage with California Community Power, Participating Community Choice Aggregators and Hydrostor’s GEM A-CAES LLC (Action) Zak Liske, Deputy Director of Power Resources, presented a request to the Board to authorize CEO Padilla to finalize negotiations and execute on behalf of SVCE as a member of California Community Power (CC Power) any necessary agreements for the Willow Rock Compressed Air Energy Storage Facility for long duration storage. Deputy Director of Power Resources Liske’s presentation included information on the following:
• CC Power,
• Background and timeline,
• Key commercial terms for the project,
• How the technology of advanced compressed air energy storage works, • Project location and project benefits,
• An illustrative example of arbitrage,
• SVCE’s current storage portfolio,
• Willow Rock qualitative evaluation and SVCE-specific PPA Project Selection Policy, • Contracting method and participating CCAs,
• Approval process and timeline, and
• A summary on the opportunities and value of the project.

Staff responded to questions regarding the contingency percentage of 25%, the largest scale of this type of project and the scale in other locations, potential risks of the project, how many existing projects are using this same technology, the technology being used, if there is an opportunity to get a larger share than the requested 5.7MW, diversification of SVCE’s portfolio, clarification on SVCE’s liability, and where the dirt from the project would be moved to.

Chair Klein opened Public Comment.

Leslie Austin, CCA Workforce and Environmental Justice Alliance, commented support for staff’s proposal.

Chair Klein closed Public Comment
MOTION: Director Martinez Beltran moved and Director Showalter seconded the motion to delegate authority to the Chief Executive Officer to finalize negotiations and execute on behalf of SVCE as a member of CC Power the following agreements and any necessary ancillary documents for the Willow Rock Compressed Air Energy Storage Facility for long duration storage:

1. Project Participation Share Agreement (PPSA) between Silicon Valley Clean Energy Authority, California Community Power and participating community choice aggregators (CCAs)

2. Resource Adequacy and TB4 Agreement (RA and TB4 Agreement) – Buyer Liability Pass Through Agreement (BLPTA) between Silicon Valley Clean Energy Authority, California Community Power and GEM A-CAES LLC
And within the following parameters:
• SVCE’s expected share of project 5.7 MW with a maximum incremental step-up quantity of

1.425 MW for a maximum of 7.125 MW;
• Delivery term of 20 years starting at the Commercial Operation Date on or about December 31, 2030 through December 30, 2050; and
• Total lifetime amount not to exceed $37.62 million
Item 1a Draft Minutes: 1/14/26 Board of Directors Meeting

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The motion carried unanimously by verbal roll call vote. 5) Adopt Resolution to Establish EV Rate Pilot Program (Action) Rebecca Fang, Manager of Data and Analytics, and Peter Mustacich, Manager of Technical Decarb Strategy, presented information on the GridShift: EV Charging Program, including its sunset, and a request that the Board adopt the new EV Rate Pilot Program with a budget of $1.5M. Staff’s presentation included:
• Background information on the Gridshift: EV Charging Program and ChargeWise Pilot; • Accomplishments from both the GridShift program and ChargeWise Pilot; • Findings, conclusions, and key learnings;
• An overview of the SVCE EV Rate Pilot, including the time-of-use structure; • The benefit of adding the EV Rate Pilot Program while the E-ELEC 2.0 Rate Pilot Program is being set up; and
• Timeline for implementation.

Staff responded to questions and comments which included: how many people could take advantage of the new proposed program, clarifying questions on how the program would work, how customers can sign-up for the program, if there is any legislation that mandates technology to incentivizes daytime charging, cost-structure of the program, if there was any consideration to change the proposed “super off-peak” hours to earlier in the day, habits that may have formed that will need to be changed due to the new cheaper “super off-peak” hours and difficulty for those who work during those hours, learnings on consumer’s energy usage and the need for more data, the cost differentiation to charge at a workplace than at home, consider leaving the off-peak hours the same cost, the proposed pilot reach, and the purpose of the pilot.

Chair Klein opened Public Comment.

No speakers.

Chair Klein closed Public Comment.

MOTION: Director Showalter moved and Director Tyson seconded the motion to adopt Resolution 2026-03 Approving Establishing the SVCE EV Rate Pilot Program with a budget of $1.5M.

The motion carried unanimously by verbal roll call vote. 6) Approve the Transportation Electrification Programs Budget Reallocation (Action) Nupur Hiremath, Manager of Decarbonization Programs, and Hannah Gustafson, Programs Lead, presented a transportation programs overview and requested the Board support a budget reallocation to scale core programs. Staff’s presentation included:
• Background on SVCE’s Electric Vehicle Infrastructure (EVI) Joint Action Plan that was adopted in 2019;
• The evolution of the EV landscape since 2019;
• SVCE Transportation Electrification programs, program impacts, and program learnings; and • The core program budget recommendation and its impact of reallocating the transportation electrification funds.

Staff responded to a question about the small number of applications for the New Construction Affordable Housing program.

Chair Klein opened Public Comment.

No speakers.

Chair Klein closed Public Comment.

Item 1a Draft Minutes: 1/14/26 Board of Directors Meeting

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MOTION: Director Martinez Beltran moved and Director Page seconded the motion to approve the Transportation Electrification Program Budget Reallocation of $7.2 million in unspent funds as follows:
• Charging Technical Assistance: add $1.1 million;
• EV Charging Rebates: add $5.1 million; and
• EV Rebates and Education: add $1 million
The motion carried unanimously by verbal roll call vote. 7) Receive Update on Net Billing Tariff (NBT, NEM 3.0) Following First Year of Customer Performance (Informational)
Peyton Parks, Energy Services Manager, presented an informational item on background of the recent solar policy decisions, NEM, NEM 2.0, and Net Billing Tariff (NBT), NBT first year performance, and the solar landscape look-ahead. Energy Services Manager Parks concluded:
• There were large spikes of installs prior to NBT but currently still seeing growth locally; • NBT resulted in lower compensation during the year, and lower cash-outs; • SVCE is offering several programs to support local installs, especially with storage (which will expand in 2026);
• New challenges also coming that may have big impacts on rooftop solar deployment; and • Staff will continue to monitor and return with updates and new ideas as appropriate.

Staff responded to questions about if the addition of solar panels would result in a change of NEM status, and demand side grid support.

Chair Klein opened Public Comment.

No speakers.

Chair Klein closed Public Comment.

Board Member Announcements and Future Agenda Items
Director Mekechuk commented his appreciation for the randomized roll call votes.

Adjourn
Chair Klein adjourned the meeting at 9:15 p.m.

ATTEST:
________________________
Andrea Pizano, Board Secretary
Item 1a Draft Minutes: 1/14/26 Board of Directors Meeting 1 TREASURER REPORT
Fiscal Year to Date
As of December 31, 2025
(Preliminary & Unaudited)
Issue Date: February 11, 2026
Table of Contents
Page
Summary 2-3
Statement of Net Position 4
Statement of Revenues, Expenses & Changes in Net Position 5 Statement of Cash Flows 6-7
Actuals to Budget Report 8-12
Monthly Change in Net Position 13
Investments Report 14
Customer Accounts and Aging Report 15
Certificate of Compliance 16
SVCE Managed Account & Security Transactions 17-29
Item 1b December 2025 Treasurer Report
©

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Balance Sheet Highlights:
> SVCE operations resulted in an increase in net position of $9.7 million for the month of December or an increase of $25.1 million for the first three months of the fiscal year 2025-2026 (FYTD). > Total Net Position increased to $532.2 million from $522.6 million at the end of November 2025. > SVCE is investing ~98.4% of available funds, recognizing interest/dividend income of $6.2M FYTD. *Does not yet recognize unspent program dollars
**For reconciliation purposes, budget numbers include actual program expenses and depreciation, excludes GASP 96 expenses.

SVCE Yield-bearing Accounts:

Combined Ending Balance* 586.0 M
Total Interest/Div. Earned FYTD 6.2 M
Average Yield to Maturity** 3.83%
* Includes River Bank accounts - Money Market, Collateral and ICS; CAMP; PFMAM 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)
December 31, 2025
*** Displays the starting fiscal year net position on Oct. 1, 2025, of $506.9M. 506.9 M 532.2 M
-550 M
-440 M
-330 M
-220 M
-110 M
0 M
110 M
220 M
330 M
440 M
550 M
-25 M
-20 M
-15 M
-10 M
-5 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) Adjusted Budget (Left Y-Axis)** Actual (Left Y-Axes) 537 533 535
435 427 430 500
350
120
0 50
100
150
200
250
300
350
400
450
500
550
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
$6.2 M

2.0 M 1.8 M 1.8 M 1.9 M

2.3 M 2.0 M

0.0 M

1.0 M

2.0 M

3.0 M

4.0 M

5.0 M

6.0 M

7.0 M

8.0 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 Adjusted Budget Actual and Accrued Cash Basis Accounting Returns River City Bank
Accounts
7%
California Asset Management
Program (CAMP)
33%
PFM Asset Management Investment
Portfolio
60%
SVCE Accounts
* Earmarked funds are unspent SVCE program and building funds.

DCOH Includes rate stabilization funds.

DCOH is computed as Cash and cash equivalents plus investments divided by daily budgeted expenditures.

October, 2025 results are updated per the Adjusted Budget adopted in December 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 December 2025 Treasurer Report
3

Page 3 ends

Summary of Actual Results vs. Adopted Budget (includes allocated but unspent program dollars):
> Operating margin of $30.5 million (or 26%) was significantly above the Adjusted Budget expectations of $12.2M (11%) operating margin for the fiscal year to date. > FY 2025 Power Supply costs were -16% below Adjusted Budget FYTD. > Retail GWh sales landed +2.8% above Adjusted Budget for the month of December and +2.5% for the fiscal year to date.

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

Revenue 41.0 M 40.2 M 2% 115.5 M 113.5 M 2%
Power Supply Cost 29.1 M 34.1 M -15% 84.9 M 101.3 M -16% Operating Margin 11.9 M 6.1 M 95% 30.5 M 12.2 M 150%
Operating Expenses (ex Power) 2.6 M 3.6 M -29% 7.5 M 10.8 M -30% Other Non-Op. Expen. (Income) -2.0 M -1.8 M 12% 6.6 M 7.3 M -10% Net Increase in Available Fund
Balance 11.3 M 4.3 M 163% 16.5 M -5.9 M -377%
Customer Load Statistics:

Total Accounts 284,720
Opt-Out Accounts (Month) 15
Opt-Out Accounts (FYTD) 46
Opt-Up Accounts (Month) (6)
Opt-Up Accounts (FYTD) (19)
Program Funds:

General Program Fund
CRCR Fund*
Electrification Discount Fund
Nuclear & Hanford Prog. Funds
Building Fund
* Customer Relief and Community Resilience Fund
** The financial results in this report are preliminary and subject to change pending the closing of the books for the fiscal year. $ 7,251,000 $ 3,643,177
$ 4,911,889 $ 4,592,287 $ -
$ 8,214,310 $ 13,275,885 $ 5,500,000 $ 438,425
Lower costs are mostly due to decline in energy/attribute prices and the timing of inviocing. Staffing vacancies, underrunning professional services, and lower marketing expenses . Reflects budgetary transfers to program and building funds offset by investment income. Higher YTD customer demand plus $1.3M liquidated damage payments.

SILICON VALLEY CLEAN ENERGY AUTHORITY
Financial Statement Highlights** ($ in millions)
December 31, 2025
December Fiscal YTD
November - weaker revenues due to lower customer demand were offset by lower power supply cost.

October & December - Primarily due to declines in power supply costs due to lower prices. Additionally, increased customer demand/revenues along with lower operating expenses further improved the net position.
Reflects budgetary transfers to program and building funds offset by higher investment income. $ 7,691,455 $ 7,669,871 $ - $ 21,584
YTD Contributions YTD Expenditures
$ 8,740,312 $ 8,740,312 $ - $ -
$ 319,602
Beginning Balance End Balance
$ 76,714,107 $ 80,321,930

7.6 M7.8 M

7.0 M
0 M
2 M
4 M
6 M
8 M
10 M
12 M
Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Net Increase in Available Fund Balance
Comparing Actuals to Adjusted Budget
Power Supply

90.5%
Personnel

4.2% Contract
Services

4.1%
G & A

0.9%
Depreciation

0.3%
YTD Operating Expenses
-12%
-9%
-6%
-3%
0%
3%
6%
9%
12%
270
290
310
330
350
370
Retail Sales - Actual vs Mid-Year Budget (GWh)
Retail Sales Budget (GWh) Retail Sales Actual (GWh)
Load deviation from the Budget (Right Y-Axes)
256,675
256,860
257,179
27,523
27,553
27,541

94.0%

94.5%

95.0%

95.5%

96.0%

96.5%

97.0%
-
50,000
100,000
150,000
200,000
250,000
300,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Customer Accounts and Participation Rate
Res Accounts Com Accounts Customer Participation (Right Y-Axes) Item 1b December 2025 Treasurer Report
4 Current Assets
Cash & Cash Equivalents* $ 237,545,536
Accounts Receivable, net of allowance 34,490,851
Accrued Revenue 25,569,256
Other Receivables 16,514,461
Prepaid Expenses 7,065,389
Deposits 995,910
Investments 93,361,225
Cash equivalents - restricted 1,249,113
Total Current Assets 416,791,741
Noncurrent assets
Investments** 264,473,833
Capital assets, net of depreciation 14,032,961
Total Noncurrent Assets 278,506,794
Total Assets 695,298,535
Current Liabilities
Accrued Cost of Electricity 47,559,503
Accounts Payable 2,636,221
Other accrued liabilities 1,920,459
User Taxes and Energy Surcharges due to other gov'ts 1,444,625 Information technology subscription liability 518,057
Total Current Liabilities 54,078,865
Noncurrent Liabilities
Information technology subscription liability 528,481
Supplier security deposits 8,478,125
Total noncurrent liabilities 9,006,606
Total Liabilities 63,085,471
Rate Stabilization Fund 100,000,000
Net investment in capital assets 14,032,961
Restricted for security collateral 1,249,113
Unrestricted (deficit) 516,930,990
Total Net Position $ 532,213,064
* May not account for securities acquired towards the end of the month but not yet paid. ** May include securities acquired towards the end of the month but not yet paid.

NET POSITION

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF NET POSITION
As of December 31, 2025
ASSETS

LIABILITIES

DEFERRED INFLOWS OF RESOURCES
Item 1b December 2025 Treasurer Report
5 OPERATING REVENUES
Electricity Sales, Net $ 113,559,603
GreenPrime electricity premium 588,640
Liquidated damages 1,344,332
TOTAL OPERATING REVENUES 115,492,575

OPERATING EXPENSES
Cost of Electricity 84,948,635
Contract services 3,814,038
Staff compensation and benefits 3,972,467
Program incentives 2,740,330
Other operating expenses 868,514
Depreciation and amortization 238,815
TOTAL OPERATING EXPENSES 96,582,799
OPERATING INCOME(LOSS) 18,909,776

NONOPERATING REVENUES (EXPENSES)
Investment Income 6,187,229
Financing costs (17,345)
TOTAL NONOPERATING REVENUES (EXPENSES) 6,169,884
CHANGE IN NET POSITION 25,079,660
Net Position at beginning of period 507,133,404
Net Position at end of period $ 532,213,064

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES
October 1, 2025 through December 31, 2025

AND CHANGES IN NET POSITION
Item 1b December 2025 Treasurer Report
6 CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $ 111,027,212
Receipts of liquidated damages 1,344,332
Receipts of wholesale sales 9,881,864
Payments to suppliers for electricity (110,051,145)
Payments of security deposits (90,000)
Payments for other goods and services (6,597,916)
Payments for program incentives (2,742,843)
Payments for staff compensation and benefits (4,228,222) Tax and surcharge payments to other governments (2,998,755) Net cash provided (used) by operating activities (4,455,473)

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Payments of subscription liability and related interest (118,010) Acquisition of capital assets (57,638)
Net cash provided (used) by capital and related
financing activities (175,648)

CASH FLOWS FROM INVESTING ACTIVITIES
Investment income received 5,542,938
Proceeds from investment sales 30,343,349
Purchase of investments (108,197,563)
Net cash provided (used) by investing activities (72,311,276) Net change in cash and cash equivalents (76,942,397)
Cash and cash equivalents at beginning of year 315,737,046 Cash and cash equivalents at end of period $ 238,794,649 Reconciliation to the Statement of Net Position
Cash and cash equivalents - unrestricted 237,545,536
Cash equivalents - restricted 1,249,113
Total cash and cash equivalents $ 238,794,649

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF CASH FLOWS
October 1, 2025 through December 31, 2025
Item 1b December 2025 Treasurer Report
7 Operating Income (loss) $ 18,909,776
Adjustments to reconcile operating income to net cash
provided (used) by operating activities
Depreciation expense 238,815
(Increase) decrease in accounts receivable (11,396,832) (Increase) decrease in accrued revenue 5,527,818
(Increase) decrease in other receivables 9,428,434
(Increase) decrease in prepaid expenses (6,219,382)
(Increase) decrease in current deposits (116,500)
Increase (decrease) in accrued cost of electricity (19,388,237) Increase (decrease) in accounts payable (275,417)
Increase (decrease) in accrued liabilities (913,170)
Increase (decrease) in taxes and surcharges due to other governments (250,778) Net cash provided (used) by operating activities $ (4,455,473)

NONCASH INVESTING ACTIVITIES
Change in fair value of investments $ 675,370
Change in interest receivable $ (31,079)

CASH PROVIDED (USED) BY OPERATING ACTIVITIES

SILICON VALLEY CLEAN ENERGY AUTHORITY
STATEMENT OF CASH FLOWS (Continued)
October 1, 2025 through December 31, 2025

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
Item 1b December 2025 Treasurer Report
8 FYTD FYTD FY 2024-25 FY 2024-25
OPERATING REVENUES Actual Adjusted Budget $ % Adjusted Budget Remaining Budget Energy Sales $114,939,251 $114,319,654 $ 619,597 1% $321,123,118 $206,183,867 Green Prime Premium 588,640 $618,515 (29,875) -5% $2,468,912 1,880,272 Customer bill relief (existing CARE/FERA) (1,379,648) (1,396,238) 16,590 -1% -$4,268,498 - Other Income 1,344,332 - 1,344,332 n/a $0 (1,344,332)
TOTAL OPERATING REVENUES 115,492,575 113,541,931 1,950,644 2% 319,323,532 206,719,807

ENERGY EXPENSES
Power Supply 84,948,635 101,336,481 (16,387,846) -16% 344,220,910 259,272,275 Operating Margin 30,543,940 12,205,450 18,338,490 150% (24,897,378) (52,552,468)

OPERATING EXPENSES
Data Management 901,397 940,905 (39,508) -4% 3,763,620 2,862,223 PG&E Fees 301,042 392,175 (91,133) -23% 1,568,700 1,267,658 Salaries & Benefits 3,972,467 4,717,593 (745,126) -16% 18,870,370 14,897,903 Professional Services 970,227 2,725,439 (1,755,212) -64% 10,901,756 9,931,529 Marketing & Promotions 419,589 586,688 (167,099) -28% 2,346,750 1,927,161 General & Administrative 945,785 1,435,508 (489,723) -34% 5,742,030 4,796,245 TOTAL OPERATING EXPENSES 7,510,507 10,798,308 (3,287,801) -30% 43,193,226 35,682,719 OPERATING INCOME/(LOSS) 23,033,433 1,407,142 21,626,291 1537% (68,090,604) (91,124,037)

NON-OPERATING REVENUES
Investment Income 6,187,229 5,546,710 640,519 12% 20,882,403 14,695,174 TOTAL NON-OPERATING REVENUES 6,187,229 5,546,710 640,519 12% 20,882,403 14,695,174

NON-OPERATING EXPENSES
Financing 18,489 7,150 11,339 159% 28,600 10,111

CAPITAL EXPENDITURES, TRANSFERS,
& OTHER
Capital Outlay - 128,000 (128,000) -100% 512,000 512,000 Building Fund 5,500,000 5,500,000 0% 5,500,000 -
Transfer to Programs Fund 7,251,000 7,251,000 - 0% 7,251,000 - TOTAL OTHER USES 12,751,000 12,879,000 (128,000) -1% 13,263,000 512,000

NET INCREASE(DECREASE) IN AVAILABLE
FUND BALANCE $ 16,451,173 $ (5,932,298) $ 22,383,471 -377% -$60,499,802 -$76,950,975 Variance

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2025 through December 31, 2025
Item 1b December 2025 Treasurer Report
9 Net Increase (decrease) in available fund balance
per budgetary comparison schedule $ 16,451,173
Adjustments needed to reconcile to the changes
in net position in the Statement of Revenues,
Expenses and Changes in Net Position
Subtract depreciation expense (238,815)
Subract program expense not in operating budget (3,984,363) Add back portion of lease payment applied to reduce lease liability 100,665 Add back transfer to Program funds 12,751,000
Add back capital asset acquisition -
Change in Net Position 25,079,660

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGET RECONCILIATION TO STATEMENT OF

REVENUES, EXPENSES AND CHANGES IN NET POSITION
October 1, 2025 through December 31, 2025

OPERATING FUND
Item 1b December 2025 Treasurer Report
10 BUDGET ACTUAL/
REVENUE & OTHER SOURCES: ACTUAL REMAINING BUDGET
Transfers in - General Programs $ 7,251,000 $ 7,251,000 $ - 100.0% Total $ 7,251,000 $ 7,251,000 $ -
EXPENDITURES & OTHER USES:

Program expenditures 22,242,570 3,643,177 18,599,393 16.4% Net increase (decrease) in fund balance $ (14,991,570) $ 3,607,823 Fund balance at beginning of period 76,714,107
Fund balance at end of period $80,321,930

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

Other program expenditures 963,704 319,602 644,102 33.2% Total Program expenditures 963,704 319,602 644,102
Net increase (decrease) in fund balance $ (963,704) $ (319,602) Fund balance at beginning of period 4,911,889
Fund balance at end of period $4,592,287

SILICON VALLEY CLEAN ENERGY AUTHORITY

BUDGETARY COMPARISON SCHEDULE
October 1, 2025 through December 31, 2025

CUSTOMER RELIEF & COMMUNITY RESILIENCY FUND

GENERAL PROGRAM FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2025 through December 31, 2025
BUDGET
BUDGET
Item 1b December 2025 Treasurer Report
11 BUDGET ACTUAL/
REVENUE & OTHER SOURCES: BUDGET ACTUAL REMAINING BUDGET Transfer from Operating Fund $ - $ - $ - n/a
EXPENDITURES & OTHER USES:

Program expenditures 4,500,000 - 4,500,000 0.0%
Net increase (decrease) in fund balance $ (4,500,000) 0 Fund balance at beginning of period 8,740,312
Fund balance at end of period $8,740,312

BUDGET ACTUAL/
REVENUE & OTHER SOURCES: BUDGET ACTUAL REMAINING BUDGET Transfer in - Building Fund $ 5,500,000 $ 5,500,000 $ - 100.0% EXPENDITURES & OTHER USES:

Capital outlay 8,421,000 438,425
Other building expenditures - -
438,425
Net increase (decrease) in fund balance $ (2,921,000) 5,061,575 Fund balance at beginning of period 8,214,310
Fund balance at end of period $13,275,885

ELECTRIFICATION DISCOUNT FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2025 through December 31, 2025

BUILDING FUND

BUDGETARY COMPARISON SCHEDULE
October 1, 2025 through December 31, 2025
Item 1b December 2025 Treasurer Report
12 BUDGET ACTUAL/
REVENUE & OTHER SOURCES: ACTUAL REMAINING BUDGET
Transfers in - Nuclear Allocation $ - $ -
Transfer in - Hanford Emissions Mitigation Fund $ - $ - $ - n/a Total $ - $ - $ -
EXPENDITURES & OTHER USES:

Program expenditures 2,142,000 21,584 2,120,416
Net increase (decrease) in fund balance $ (2,142,000) -$21,584 Fund balance at beginning of period 7,691,455
Fund balance at end of period $7,669,871
BUDGET

NUCLEAR AND HANFORD PROGAM FUNDS

BUDGETARY COMPARISON SCHEDULE
October 1, 2025 through December 31, 2025
Item 1b December 2025 Treasurer Report
13 October November December January February March April May June July August September YTD

OPERATING REVENUES
Electricity sales, net $ 38,508,886 $ 35,571,690 $ 39,479,027 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 113,559,603 Green electricity premium $ 204,210 $ 186,390 $ 198,040 $ - $ - $ - $ - $ - $ - $ - $ - $ - 588,640 Liquidated damages $ 5,750 $ 21,750 $ 1,316,832 $ - $ - $ - $ - $ - $ - $ - $ - $ - 1,344,332 Other Income $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - - Total operating revenues 38,718,846 35,779,830 40,993,899 - - - - - - - - - 115,492,575

OPERATING EXPENSES
Cost of electricity 28,412,034 $ 27,405,294 $ 29,131,307 $ - $ - $ - $ - $ - $ - $ - $ - $ - 84,948,635 Staff compensation and benefits 1,276,785 $ 1,267,182 $ 1,428,500 $ - $ - $ - $ - $ - $ - $ - $ - $ - 3,972,467 Data manager 301,259 $ 299,868 $ 300,270 $ - $ - $ - $ - $ - $ - $ - $ - $ - 901,397 Service fees - PG&E 100,223 $ 100,352 $ 100,467 $ - $ - $ - $ - $ - $ - $ - $ - $ - 301,042 Consultants and other professional fees 899,290 $ 895,784 $ 816,525 $ - $ - $ - $ - $ - $ - $ - $ - $ - 2,611,599 Program incentives 1,146,022 $ 394,408 $ 1,199,900 2,740,330 Other operating expenses 279,315 $ 291,015 $ 298,184 $ - $ - $ - $ - $ - $ - $ - $ - $ - 868,514 Depreciation 79,605 $ 79,605 $ 79,605 $ - $ - $ - $ - $ - $ - $ - $ - $ - 238,815 Total operating expenses 32,494,533 30,733,508 33,354,758 - - - - - - - - - 96,582,799 Operating income (loss) 6,224,313 5,046,322 7,639,141 - - - - - - - - - 18,909,776

NONOPERATING REVENUES (EXPENSES)
Grant income - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - - Interest income 1,865,552 $ 2,295,828 $ 2,025,849 $ - $ - $ - $ - $ - $ - $ - $ - $ - 6,187,229 Financing costs (3,797) $ (7,922) $ (5,626) $ - $ - $ - $ - $ - $ - $ - $ - $ - (17,345) Total nonoperating revenues (expenses) 1,861,755 2,287,906 2,020,223 - - - - - - - - - 6,169,884 CHANGE IN NET POSITION $ 8,086,068 $ 7,334,228 $ 9,659,364 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 25,079,660

SILICON VALLEY CLEAN ENERGY AUTHORITY

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN NET POSITION
October 1, 2025 through December 31, 2025
Item 1b December 2025 Treasurer Report
14 Ending Balance of SVCE Accounts: Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts $ 40,453,602 $ 39,908,498 $ 40,045,114 $ - $ - $ - $ - $ - $ - $ - $ - $ - California Asset Management Program (CAMP) $ 204,479,801 $ 198,168,622 $ 198,832,731 $ - $ - $ - $ - $ - $ - $ - $ - $ - PFM Asset Management Investment Portfolio $ 361,652,377 $ 359,561,190 $ 360,891,157 $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Ending Balance $ 606,585,779 $ 597,638,310 $ 599,769,003 $ - $ - $ - $ - $ - $ - $ - $ - $ - Return On Investments:

Annual % Yield Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts 3.92% 3.70% 4.07%
California Asset Management Program (CAMP) 4.26% 4.10% 3.95% PFM Asset Management Investment Portfolio * 3.90% 3.82% 3.74% Average Return On Investments: 4.02% 3.91% 3.83%
* Yield to Maturity at Market.

Accounting Returns Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep River City Bank Accounts $ 20,457 $ 13,570 $ 56,716 $ - $ - $ - $ - $ - $ - $ - $ - $ - California Asset Management Program (CAMP) $ 825,532 $ 688,821 $ 664,109 $ - $ - $ - $ - $ - $ - $ - $ - $ - Other Interest Income $ 4,447 $ 3,138 $ 1,919 $ - $ - $ - $ - $ - $ - $ - $ - $ - PFM Asset Management Investment Portfolio * $ 1,017,502 $ 1,590,299 $ 1,303,104 $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Interest and Investment Gains $ 1,867,938 $ 2,295,828 $ 2,025,848 $ - $ - $ - $ - $ - $ - $ - $ - $ - * 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 $ 20,457 $ 13,570 $ 56,716 $ - $ - $ - $ - $ - $ - $ - $ - $ - Camp Pool Composition (based on market value): $ 825,532 $ 688,821 $ 664,109 $ - $ - $ - $ - $ - $ - $ - $ - $ - Other Interest Income $ 4,447 $ 3,138 $ 1,919 $ - $ - $ - $ - $ - $ - $ - $ - $ - PFM Asset Management Investment Portfolio * $ 1,111,671 $ 1,125,280 $ 1,086,434 $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Interest and Investment Gains $ 1,962,107 $ 1,830,809 $ 1,809,178 $ - $ - $ - $ - $ - $ - $ - $ - $ - * Includes interest/dividends/coupons received, net realized gains/losses and monthly change in accrued interest.

CAMP Portfolio Statistics
As of December 31, 2025
Beginning of the Month Market Value $ 198,168,622
Ending of The Month Market Value $ 198,832,731
Monthly Distribution Yield 3.95% Weighted Average Maturity (days) 45 PFM Portfolio Statistics
As of December 31, 2025
Portfolio Par Value $ 358,222,984
Portfolio Market Value (icl. Accrued Interest) $ 360,891,157 Yield to Maturity at Cost 4.15%
Yield to Maturity at Market 3.74%
Benchmark Yield* 3.46%
Portfolio Effective Duration (years) 1.34 Weighted Average Maturity (days) 668 *ICE BofA 0-3 Year U.S. Treasury Index
SVCE Investment Policy:
https://svcleanenergy.org/wp-content/uploads/FP-08_Investments.pdf

SILICON VALLEY CLEAN ENERGY AUTHORITY

INVESTMENTS SUMMARY
October 1, 2025 through December 31, 2025

5.46%

22.21%

33.20%

26.56%

7.13%

5.44%

0.00%
0%
5%
10%
15%
20%
25%
30%
35%
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
39%
Commercial
Paper
9%
CAMP Pool
0%
Federal Agency Com MBS
6%
Supra-National
Agency
0%
Corp. & Bank Notes
24% Certificate of Deposit
4%
Asset-Backed
Security
18%
SVCE PFM Portfolio Investments
Repurchase
Agreements,

35.5%
Certificates of
Deposit, 24.7%
Commercial
Paper, 34.0%
Bank Note,

0.8%
US Treasuries,

1.9%
Money Market
Funds, 0.6%
Federal Agency
Note, 0.2%
Corporate
Notes, 2.2%
Camp Pool Composition (based on market value)
Item 1b December 2025 Treasurer Report
15 October November December January February March April May June July August September YTD Retail Sales Actual (GWh) 330.4 320.7 354.3 1,005
Retail Sales Budget (GWh) 309.2 327.3 344.7 359.4 335.7 321.8 307.1 305.2 319.1 342.7 350.3 345.9 981 Load deviation from the Budget (Right Y-Axes)6.8% -2.0% 2.8% 2.5% Customer Participation Rate Res 96.3% 96.3% 96.3%
Customer Participation Rate Com 96.5% 96.4% 96.4%
Total Accounts 284,198 284,413 284,720 284,720
Opt-Out Accounts 14 17 15 46
Opt-Up Accounts -7 -6 -6 -19

0.12 43.33
SVCE Arrearager Total for customers 31+ days late and 120+ days late Age Summary (as of 1/1/2026) Date Amount
<30 days $30,822,937 High 11/29/2021 $7.99M
<60 days $1,839,437 Low 4/17/2020 $2.54M
<90 days $1,140,181 Current 1/1/2026 $7.1 M
<120 days $788,007
Older $3,317,170

October 2025 FYTD
Bad Debt % (Budget )

0.75%
Bad Debt % (Actual)

0.32%

SILICON VALLEY CLEAN ENERGY AUTHORITY

RETAIL SALES, CUSTOMER ACCOUNTS AND AGING REPORT
Accounts Receivable Days
43 Days
$37,907,731

TOTAL DUE
• 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.
• Blue arrow marks the
distribution of SVCE One-Time
Customer Bill Credit
'17-'18 '18-'19 '19-'20 '20-'21 21-'22 22-'23 23-'24 24-'25 25-'26 Total (L Axes) 0.3 M 0.4 M 0.4 M 0.6 M 0.9 M 1.5 M 1.5 M 1.6 M 0.4 M % Revenue 0.12% 0.14% 0.14% 0.25% 0.23% 0.33% 0.29% 0.33% 0.32% Av./Month (R Axes) $25,713 $34,773 $34,599 $53,288 $73,833 $123,729 $128,286 $131,153 $124,871 $-
$30,000
$60,000
$90,000
$120,000
$150,000
$180,000
$210,000
$240,000

0.0 M

0.2 M

0.4 M

0.6 M

0.8 M

1.0 M

1.2 M

1.4 M

1.6 M

1.8 M
SVCE Write-offs By Fiscal Year
0 M
2 M
4 M
6 M
8 M
10 M
12 M
14 M
16 M
>120 Days 31+ Days
Item 1b December 2025 Treasurer Report
16 Item 1b December 2025 Treasurer Report
Silicon Valley Clean Energy December 31, 2025
Certificate of Compliance
During the reporting period for the month ended December 31, 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"). 17 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal
Proceeds
Accrued
Interest Total
Realized G/L
Cost
Realized G/L
Amort Cost
Sale
Trade Settle Security Description CUSIP Par Method

I BUY I
12/01/25 12/04/25 MERCK & CO INC (CALLABLE)
DTD 12/04/2025 3.850% 03/15/2029
58933YBW4 500,000.00 (499,260.00) 0.00 (499.260.00)
12/01/25 12/08/25 AUST 8c NZ BANKING GRP NY
DTD 12/08/2025 3.919% 12/08/2028
05253JB83 825,000.00 (825,000.00) 0.00 (825.000.00)
12/02/25 12/03/25 US TREASURY N/B
DTD 11/17/2025 3.500% 11/15/2028
91282CPK1 1,425,000.00 (1,423,552.73) (2,479.97) (1.426.032.70) 12/04/25 12/08/25 US TREASURY N/B
DTD 12/01/2025 3.375% 11/30/2027
91282CPL9 4,000,000.00 (3,989,687.50) (2,967.03) (3.992.654.53) 12/09/25 12/15/25 US TREASURY N/B
DTD 12/15/2025 3.500% 12/15/2028
91282CPP0 1,800,000.00 (1,792,406.25) 0.00 (1.792.406.25) 12/10/25 12/11/25 TORONTO DOMINION BANK NY
DTD 12/11/2025 3.900% 12/09/2026
89115DJH0 4,000,000.00 (4,000,000.00) 0.00 (4,000,000.00) 12/24/25 12/31/25 US TREASURY N/B
DTD 12/31/2025 3.375% 12/31/2027
91282CPS4 2,000,000.00 (1,994.062.50) 0.00 (1.994,062.50) Transaction Type Sub-Total 14,550,000.00 (14,523,968.98) (5,447.00) (14,529,415.98)

INTEREST
12/01/25 12/01/25 USAA CAPITAL CORP (CALLABLE)
DTD 06/02/2025 4.375% 06/01/2028
9O327ODA4 0.00 8.375.09 8.375.09
12/01/25 12/01/25 USAA CAPITAL CORP
DTD 06/03/2024 5.250% 06/01/2027
9O327OD97 0.00 18.768.75 18.768.75
12/01/25 12/25/25 FHMS K076 A2
DTD 05/01/2018 3.900% 04/01/2028
3137FEZU7 0.00 3,900.00 3,900.00
12/01/25 12/25/25 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 0.00 1,937.91 1.937.91
12/01/25 12/25/25 FNA 2024-M6 A2
DTD 11/01/2024 2.904% 07/01/2027
3136BTGM9 0.00 4.840.00 4,840.00
12/01/25 12/25/25 FHMS K737 A2
DTD 01/01/2020 2.525% 10/01/2026
3137FOXJ7 0.00 2.209.37 2.209.37
12/01/25 12/25/25 FHMS KJ28 A2
DTD 02/01/2020 2.308% 10/01/2027
3137FREE7 0.00 2,364.45 2.364.45
12/01/25 12/25/25 FHMS K067 A2 3137FAWS3 0.00 4,591.38 4,591.38 DTD 09/01/2017 3.194% 07/01/2027
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 48
18 Item 1b December 2025 Treasurer Report
\ D J
\ / ill Rj
& Interest Managed Account Security Transactions For the Month Ending December 31, 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 Amort Cost Method 1 INTEREST
12/01/25 12/25/25 FHMS K058 Al
DTD 11/01/2016 2.340% 07/01/2026
3137BSP64 0.00 341.13 341.13
12/01/25 12/25/25 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
3137FBBX3 0.00 2.297.83 2,297.83
12/01/25 12/25/25 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
3137F4D41 0.00 3.000.00 3,000.00
12/01/25 12/25/25 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 0.00 6,359.79 6,359.79
12/01/25 12/25/25 FHMS K079 A2
DTD 08/01/2018 3.926% 06/01/2028
3137FGZT5 0.00 4.907.50 4.907.50
12/01/25 12/25/25 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 0.00 2,303.82 2,303.82
12/01/25 12/25/25 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 0.00 1,262.65 1,262.65
12/01/25 12/25/25 FHMS K075 A2
DTD 04/01/2018 3.650% 02/01/2028
3137F4X72 0.00 4,486.46 4,486.46
12/01/25 12/25/25 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
3137BSRE5 0.00 1.812.07 1,812.07
12/01/25 12/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 1.372.58 1.372.58
12/01/25 12/25/25 FHMS K739 A2
DTD 11/01/2020 1.336% 09/01/2027
3137F64P9 0.00 2.620.67 2.620.67
12/01/25 12/25/25 FHMS K065 Al
DTD 07/01/2017 2.864% 10/01/2026
3137F1G36 0.00 631.03 631.03
12/01/25 12/25/25 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2U3 0.00 2.727.38 2.727.38
12/01/25 12/25/25 FNA 2018-M2 A2
DTD 02/01/2018 2.928% 01/01/2028
3136B0YM2 0.00 2,811.97 2,811.97
12/03/25 12/03/25 HSBC USA INC
DTD 06/03/2025 4.650% 06/03/2028
40428HR95 0.00 6,045.00 6,045.00
12/08/25 12/08/25 IP MORGAN CHASE BANK NA
(CALLABLE)
DTD 12/08/2023 5.110% 12/08/2026
48125LRU8 0.00 15.330.00 15,330.00
PPM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 49
19 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 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 Amort Cost Method

INTEREST
DTD 09/19/2023 5.230% 09/15/2028
12/08/25 12/08/25 BANK OF MONTREAL CHICAGO
DTD 01/10/2025 4.470% 12/08/2025
06367DNW1 0.00 206,116.67 206,116.67
12/09/25 12/09/25 BANK OF NY MELLON CORP
(CALLABLE)
DTD 06/10/2025 4.441% 06/09/2028
06406RCH8 0.00 9,163.88 9,163.88
12/10/25 12/10/25 NATIONAL AUSTRALIA BK/NY
DTD 01/10/2024 4.750% 12/10/2025
63253OAF1 0.00 9,500.00 9,500.00
12/11/25 12/11/25 NATIONAL AUSTRALIA BK/NY
DTD 06/11/2024 5.087% 06/11/2027
63253OAJ3 0.00 62,442.93 62,442.93
12/13/25 12/13/25 NATIONAL AUSTRALIA BK/NY
DTD 06/13/2025 4.308% 06/13/2028
63252508 0.00 16,370.40 16,370.40
12/15/25 12/15/25 TAOT 2025-A A2A
DTD 01/29/2025 4.480% 11/15/2027
89240JAB7 0.00 4,135.22 4,135.22
12/15/25 12/15/25 KCOT 2024-2A A2
DTD 06/25/2024 5.450% 04/15/2027
50117DAB2 0.00 584.43 584.43
12/15/25 12/15/25 DCENT 2023-Al A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 4,669.17 4,669.17
12/15/25 12/15/25 KCOT 2025-2A A2
DTD 06/25/2025 4.480% 04/17/2028
50117LAB4 0.00 1,120.00 1,120.00
12/15/25 12/15/25 TAOT 2024-B A2A
DTD 04/30/2024 5.410% 03/15/2027
89237NAB3 0.00 137.76 137.76
12/15/25 12/15/25 WFCIT 2024-A2 A
DTD 10/24/2024 4.290% 10/15/2029
9297OOAE5 0.00 2,341.63 2,341.63
12/15/25 12/15/25 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
44935CAD3 0.00 6,102.00 6,102.00
12/15/25 12/15/25 COMET 2024-Al A
DTD 09/24/2024 3.920% 09/15/2029
14O41NGE5 0.00 4,736.67 4,736.67
12/15/25 12/15/25 HART 2022-C A3
DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 0.00 482.46 482.46
12/15/25 12/15/25 FORDO 2024-B A2A
DTD 06/24/2024 5.400% 04/15/2027
34531QAB5 0.00 1,539.28 1,539.28
12/15/25 12/15/25 AMXCA 2023-3 A 02582JKD1 0.00 3,595.62 3,595.62 PFM Asset Management, a division of
U.S. Bancorp Asset Management. Inc.

Account 4025-002 Page 50
20 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 2025 Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type
Trade Settle Security Description
Principal
CUSIP Par Proceeds
Accrued
Interest Total
Realized G/L Realized G/L Sale
Cost Amort Cost Method

INTEREST
DTD 08/20/2024 4.780% 01/18/2028
12/15/25 12/15/25 WOART 2025-A A2A
DTD 01/29/2025 4.490% 04/17/2028
98164YAB7 0.00 2,741.82 2,741.82
12/15/25 12/15/25 CHAIT 2024-Al A
DTD 01/31/2024 4.600% 01/15/2029
161571HV9 0.00 2,664.17 2,664.17
12/15/25 12/15/25 TAOT 2024-D A2A
DTD 10/17/2024 4.550% 08/16/2027
89239TAB8 0.00 904.53 904.53
12/15/25 12/15/25 NAROT 2025-A A3
DTD 05/27/2025 4.490% 12/17/2029
65481GAD7 0.00 4,620.96 4,620.96
12/15/25 12/15/25 WOART 2025-D A2A
DTD 10/15/2025 3.910% 02/15/2029
98165HAB3 0.00 6,516.67 6,516.67
12/15/25 12/15/25 HART 2025-C A2A
DTD 09/17/2025 3.970% 07/17/2028
44935JAB2 0.00 8,237.75 8,237.75
12/15/25 12/15/25 AMXCA 2025-4 A
DTD 07/22/2025 4.300% 07/15/2030
02582JKV1 0.00 2,938.33 2,938.33
12/15/25 12/15/25 FORDO 2023-C A3
DTD 11/21/2023 5.530% 09/15/2028
344940AD3 0.00 1,208.47 1,208.47
12/15/25 12/15/25 WOART 2025-C A2A
DTD 08/13/2025 4.190% 10/16/2028
981936AB3 0.00 2,863.17 2,863.17
12/15/25 12/15/25 BAAT 2024-1A A3
DTD 05/22/2024 5.350% 11/15/2028
09709AAC6 0.00 501.03 501.03
12/15/25 12/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 3,116.21 3,116.21
12/15/25 12/15/25 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 0.00 2,814.30 2,814.30
12/15/25 12/15/25 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 0.00 1,339.64 1,339.64
12/15/25 12/15/25 NAROT 2024-A A2A
DTD 05/22/2024 5.470% 12/15/2026
65479UAB4 0.00 151.02 151.02
12/15/25 12/15/25 HAROT 2024-4 A2
DTD 10/24/2024 4.560% 03/15/2027
43816DAB1 0.00 2,249.74 2,249.74
12/15/25 12/15/25 KCOT 2024-1A A2
DTD 02/21/2024 5.390% 01/15/2027
50117BAB6 0.00 590.05 590.05
12/15/25 12/15/25 WOART 2024-C A2A 98164NAB1 0.00 1,134.57 1,134.57 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 51
21 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 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
I INTEREST 1
12/15/25 12/15/25 ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.250% 06/15/2028
032654BD6 0.00 31,063.96 31,063.96
12/15/25 12/15/25 HDMOT 2023-B A3
DTD 09/27/2023 5.690% 08/15/2028
41285YAC9 0.00 2.992.33 2,992.33
12/15/25 12/15/25 TARGET CORP (CALLABLE)
DTD 06/10/2025 4.350% 06/15/2028
87612EBU9 0.00 7,600.42 7,600.42
12/15/25 12/15/25 AMXCA 2025-1 A
DTD 02/11/2025 4.560% 12/17/2029
025823KM1 0.00 6.137.00 6,137.00
12/15/25 12/15/25 WOART 2024-B A2A
DTD 05/22/2024 5.480% 09/15/2027
98164HAB4 0.00 18.20 18.20
12/15/25 12/15/25 FORDO 2025-C A3
DTD 11/25/2025 3.900% 06/15/2030
34535LAD8 0.00 2,101.67 2,101.67
12/15/25 12/15/25 KCOT 2025-1A A2
DTD 02/19/2025 4.610% 12/15/2027
50117FAB7 0.00 2.321.94 2,321.94
12/15/25 12/15/25 HART 2025-D A3
DTD 11/12/2025 3.990% 09/16/2030
44891XAD9 0.00 5,778.85 5,778.85
12/15/25 12/15/25 AMXCA 2025-2 A
DTD 05/13/2025 4.280% 04/15/2030
02582JKP4 0.00 3.727.17 3,727.17
12/15/25 12/15/25 US TREASURY N/B
DTD 06/16/2025 3.875% 06/15/2028
91282CNH0 0.00 77.500.00 77,500.00
12/15/25 12/15/25 COMET 2025-Al A
DTD 09/16/2025 3.820% 09/15/2030
14041NGF2 0.00 3.835.92 3,835.92
12/15/25 12/15/25 HART 2024-B A2A
DTD 07/24/2024 5.150% 06/15/2027
44934OAB7 0.00 637.11 637.11
12/15/25 12/15/25 FORDO 2024-D A2A
DTD 11/22/2024 4.590% 10/15/2027
34535VAB0 0.00 1.179.82 1,179.82
12/15/25 12/15/25 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 0.00 971.74 971.74
12/15/25 12/15/25 US TREASURY N/B
DTD 12/16/2024 4.000% 12/15/2027
91282CMB4 0.00 18.000.00 18,000.00
12/15/25 12/15/25 BACCT 2024-Al A
DTD 06/13/2024 4.930% 05/15/2029
05522RDJ4 0.00 4.231.58 4,231.58
12/15/25 12/15/25 HAROT 2025-4 A3
DTD 11/12/2025 3.980% 06/17/2030
43814XAD5 0.00 5.545.47 5,545.47
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025 002 Page 52
22 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 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
12/15/25 12/15/25 TA0T 2024-C A2A
DTD 07/30/2024 5.160% 05/17/2027
892370AB6 0.00 319.25 319.25
12/15/25 12/15/25 WFCTT 2025-Al A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 0.00 4,068.75 4,068.75
12/15/25 12/15/25 HART 2024-C A2A
DTD 10/16/2024 4.530% 09/15/2027
448976AB6 0.00 1,607.38 1,607.38
12/15/25 12/15/25 COPAR 2024-1 A2A
DTD 11/26/2024 4.610% 10/15/2027
14O43NAB5 0.00 612.29 612.29
12/15/25 12/15/25 TAOT 2025-D A3
DTD 10/23/2025 3.840% 06/17/2030
89231GAD0 0.00 4,704.00 4,704.00
12/15/25 12/15/25 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
02007NAC2 0.00 2,277.00 2,277.00
12/15/25 12/15/25 NAROT 2024-B A2A
DTD 10/23/2024 4.510% 06/15/2027
65479WAB0 0.00 1.733.39 1.733.39
12/15/25 12/15/25 USAOT 2025-A A3
DTD 10/09/2025 3.950% 12/17/2029
9O327HAC3 0.00 1,497.71 1.497.71
12/15/25 12/15/25 COPAR 2025-1 A3
DTD 11/05/2025 3.850% 07/15/2030
14043YAD7 0.00 3,507.78 3.507.78
12/15/25 12/15/25 USAOT 2024-A A2
DTD 07/30/2024 5.250% 03/15/2027
90327VAB4 0.00 258.36 258.36
12/15/25 12/15/25 WFCTT 2024-Al A
DTD 03/01/2024 4.940% 02/15/2029
92970OAA3 0.00 3.807.92 3.807.92
12/15/25 12/15/25 TAOT 2024-A A3
DTD 01/30/2024 4.830% 10/16/2028
89238DAD0 0.00 1,194.00 1,194.00
12/15/25 12/15/25 MBART 2025-1 A2A
DTD 01/23/2025 4.500% 02/15/2028
58773DAB0 0.00 4,065.94 4.065.94
12/15/25 12/15/25 FORDO 2024-C A2A
DTD 09/20/2024 4.320% 08/15/2027
34532UAB5 0.00 1.089.92 1.089.92
12/15/25 12/15/25 FORDO 2025-A A2A
DTD 03/25/2025 4.470% 12/15/2027
34535KAB4 0.00 6,604.57 6,604.57
12/15/25 12/15/25 CHAIT 2023-Al A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 3,461.50 3.461.50
12/15/25 12/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 1.473.25 1.473.25
PFM Asset Management, a division of
U.S. Bancorp Asset Management. Inc.

Account 4025-002 Page 53
23 Item 1b December 2025 Treasurer Report
Al
Managed Account Security Transactions & 31, 2025 Interest ror me nonui cnaing uecemuer Silicon Valley Clean Energy - SVCE Investment Portfolio - 4025-002 - (12517950) Transaction Type Principal Accnted Realized G/L Realized G/L Sale Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost Amort Cost Method 1 INTEREST
12/15/25 12/15/25 ALLYA 2024-1 A3
DTD 03/13/2024 5.080% 12/15/2028
02008FAC8 0.00 1.269.12 1,269.12
12/16/25 12/16/25 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 0.00 393.29 393.29
12/16/25 12/16/25 GMCAR 2025-4 A2A
DTD 11/05/2025 3.880% 12/18/2028
36273EAB9 0.00 9,037.17 9.037.17
12/16/25 12/16/25 GMCAR 2023-4 A3
DTD 10/11/2023 5.780% 08/16/2028
379930AD2 0.00 1.710.73 1.710.73
12/16/25 12/16/25 GMCAR 2024-3 A2A
DTD 07/10/2024 5.350% 06/16/2027
38O13KAB6 0.00 423.92 423.92
12/16/25 12/16/25 GMCAR 2025-1 A2A
DTD 01/15/2025 4.440% 01/18/2028
362955AB2 0.00 2,959.08 2,959.08
12/16/25 12/16/25 GMCAR 2024-4 A2A
DTD 10/16/2024 4.530% 10/18/2027
38014AAB7 0.00 962.39 962.39
12/18/25 12/18/25 AUST & NZ BANKING GRP NY
DTD 06/18/2025 4.362% 06/18/2028
05253JB75 0.00 21,810.00 21,810.00
12/20/25 12/20/25 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 0.00 1,383.00 1,383.00
12/20/25 12/20/25 VALET 2025-1 A2A
DTD 03/25/2025 4.510% 01/20/2028
92868MAB5 0.00 5.396.82 5.396.82
12/20/25 12/20/25 VALET 2024-1 A2A
DTD 11/26/2024 4.650% 11/22/2027
92868RAB4 0.00 2.929.07 2.929.07
12/20/25 12/20/25 VZMT 2025-9 A1A
DTD 11/25/2025 3.960% 10/21/2030
92348KEV1 0.00 3,905.00 3.905.00
12/20/25 12/20/25 TMUST 2025-2A A
DTD 08/06/2025 4.340% 04/22/2030
87268MAA3 0.00 1,862.58 1,862.58
12/20/25 12/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 0.00 5,675.08 5,675.08
12/20/25 12/20/25 VALET 2025-2 A3
DTD 11/25/2025 3.920% 03/20/2030
92869OAD1 0.00 3,375.56 3.375.56
12/20/25 12/20/25 BAAT2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 0.00 1,015.00 1,015.00
12/21/25 12/21/25 HAROT 2024-3 A2
DTD 08/21/2024 4.890% 02/22/2027
43813YAB8 0.00 857.97 857.97
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 54
24 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 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
12/21/25 12/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 699.58 699.58
12/21/25 12/21/25 HAROT 2025-1 A2
DTD 02/11/2025 4.530% 08/23/2027
43814VAB3 0.00 7,784.23 7.784.23
12/21/25 12/21/25 HAROT 2025-3 A2A
DTD 08/12/2025 4.190% 03/21/2028
43813OAB5 0.00 5,569.21 5.569.21
12/22/25 12/22/25 PFAST 2024-1A A2A
DTD 12/13/2024 4.450% 01/24/2028
73328EAB7 0.00 379.93 379.93
12/22/25 12/22/25 PFAST 2025-1A A2A
DTD 10/24/2025 3.910% 03/22/2029
732911AB8 0.00 8,862.67 8.862.67
12/24/25 12/24/25 HOME DEPOT INC
DTD 06/25/2024 5.100% 12/24/2025
437076CX8 0.00 25,500.00 25,500.00
12/25/25 12/25/25 BMWOT 2024-A A3
DTD 06/11/2024 5.180% 02/26/2029
096919AD7 0.00 3,086.42 3.086.42
12/25/25 12/25/25 CHAOT 2025-2A A2
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16144MAC8 0.00 6.565.54 6.565.54
12/25/25 12/25/25 CHAOT 2025-1A A3
DTD 07/30/2025 4.290% 06/25/2030
16145NAC5 0.00 2,717.00 2,717.00
12/25/25 12/25/25 CHAOT 2024-5A A2
DTD 09/24/2024 4.400% 11/26/2027
16144QAB1 0.00 284.82 284.82
12/25/25 12/25/25 CHAOT 2024-4A A2
DTD 07/30/2024 5.250% 09/27/2027
16144YAB4 0.00 308.41 308.41
12/25/25 12/25/25 BMWLT 2025-1 A3
DTD 06/10/2025 4.430% 06/26/2028
096912AD2 0.00 1,827.38 1,827.38
12/25/25 12/25/25 CHAOT 2024-3A A2
DTD 06/27/2024 5.530% 09/27/2027
16144LAB2 0.00 336.46 336.46
12/25/25 12/25/25 BMWOT 2025-A A2A
DTD 02/12/2025 4.430% 10/25/2027
096924AB1 0.00 2.084.77 2,084.77
12/31/25 12/31/25 US TREASURY N/B
DTD 06/30/2025 3.750% 06/30/2027
91282CNL1 0.00 23,437.50 23.437.50
Transaction Type Sub-Total 0.00 853,263.27 853,263.27

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

Account 4025-002 Page 55
25 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 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

MATURITY
12/08/25 12/08/25 BANK OF MONTREAL CHICAGO
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63253OAF1 400,000.00 400,000.00 0.00 400,000.00 652.00 0.00 12/24/25 12/24/25 HOME DEPOT INC
DTD 06/25/2024 5.100% 12/24/2025
437076CX8 1,000,000.00 1,000,000.00 0.00 1,000,000.00 840.00 0.00 Transaction Type Sub-Total 6,400,000.00 6,400,000.00 0.00 6,400,000.00 1,492.00 0.00

PAYDOWNS
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12/01/25 12/25/25 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BROJ7 2,117.40 2,117.40 0.00 2,117.40 137.88 33.26
12/01/25 12/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
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DTD 11/26/2024 4.610% 10/15/2027
14O43NAB5 25,838.49 25,838.49 0.00 25,838.49 1.09 0.68
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 56
26 Item 1b December 2025 Treasurer Report
3 J
Managed Account Security Transactions & Interest For the Month Ending December 31, 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

PAYDOWNS
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DTD 03/13/2024 5.080% 12/15/2028
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DTD 06/25/2024 5.450% 04/15/2027
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DTD 11/14/2023 5.540% 08/15/2028
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DTD 03/25/2025 4.470% 12/15/2027
34535KAB4 147,885.71 147,885.71 0.00 147,885.71 8.76 6.50 12/15/25 12/15/25 FORDO 2024-B A2A
DTD 06/24/2024 5.400% 04/15/2027
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DTD 01/23/2025 4.500% 02/15/2028
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DTD 05/22/2024 5.350% 11/15/2028
09709AAC6 7,392.21 7,392.21 0.00 7,392.21 1.20 0.80
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 57
27 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 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

PAYDOWNS
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DTD 11/22/2024 4.590% 10/15/2027
34535VAB0 36,109.61 36,109.61 0.00 36,109.61 1.76 1.14
12/15/25 12/15/25 WOART 2024-B A2A
DTD 05/22/2024 5.480% 09/15/2027
98164HAB4 3,985.51 3,985.52 0.00 3,985.52 0.42 0.23
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DTD 11/21/2023 5.530% 09/15/2028
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DTD 02/19/2025 4.610% 12/15/2027
5O117FAB7 36,501.69 36,501.69 0.00 36,501.69 4.56 3.27
12/15/25 12/15/25 HAROT 2024-4 A2
DTD 10/24/2024 4.560% 03/15/2027
43816DAB1 121,682.43 121,682.43 0.00 121,682.43 8.30 4.43 12/15/25 12/15/25 FORDO 2024-C A2A
DTD 09/20/2024 4.320% 08/15/2027
34532UAB5 39,121.39 39,121.39 0.00 39,121.39 1.57 0.88
12/15/25 12/15/25 HDMOT 2023-B A3
DTD 09/27/2023 5.690% 08/15/2028
41285YAC9 43,733.46 43,733.46 0.00 43,733.46 9.89 53.84 12/15/25 12/15/25 HART 2022-C A3
DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 21,863.86 21,863.86 0.00 21,863.86 168.25 69.41 12/15/25 12/15/25 WOART 2025-A A2A
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12/15/25 12/15/25 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
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12/15/25 12/15/25 HART 2024-B A2A
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DTD 10/16/2024 4.530% 10/18/2027
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DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 6,120.19 6,120.19 0.00 6,120.19 1.23 0.79
PFM Asset Management a division of
U.S. Bancorp Asset Management. Inc.

Account 4025-002 Page 58
28 Item 1b December 2025 Treasurer Report
Managed Account Security Transactions & Interest For the Month Ending December 31, 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

PAYDOWNS
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12/21/25 12/21/25 HAROT 2024-3 A2
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12/25/25 12/25/25 CHAOT 2024-4A A2
DTD 07/30/2024 5.250% 09/27/2027
16144YAB4 31,113.07 31,113.07 0.00 31,113.07 2.91 1.66
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Transaction Type Sub-Total 2,774,743.06 2,774,743.08 0.00 2,774,743.08 16,342.34 2,099.62 SELL
12/02/25 12/03/25 COMCAST CORP (CALLABLE)
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U.S. Bancorp Asset Management, Inc.

Account 4025-002 Page 59
29 Item 1b December 2025 Treasurer Report
\ D J
> & Interest W '
For the Month Ending December 31, 2025 1 1 8)
Managed Account Security Transactions
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 SELL
12/10/25 12/11/25 US TREASURY N/B 91282CLB5
DTD 07/31/2024 4.375% 07/31/2026
50,000.00 50.212.89 790.59 51,003.48 (5.86) 140.70 FIFO 12/15/25 12/15/25 US TREASURY N/B 91282CLB5
DTD 07/31/2024 4.375% 07/31/2026
50,000.00 50,230.47 814.37 51,044.84 (162.11) 101.56 FIFO Transaction Type Sub-Total 4,425,000.00 4,443,377.02 55,344.24 4,498,721.26 (7,811.09) 7,835.45 Managed Account Sub-Total (905,848.88) 903,160.51 (2,688.37) 10,023.25 9,935.07 Total Security Transactions ($905,848.88) $903,160.51 ($2,688.37) $10,023.25 $9,935.07 PPM Asset Management, a division of
U.S. Bancorp Asset Management. Inc.

Account 4025-002 Page 60
Staff Report – Item 1c
Item 1c: Receive SVCE Rate Schedules Effective January 1, 2026 From: Monica Padilla, CEO
Prepared by: Peyton Parks, Energy Services Manager
Kaila Kiefer, Energy Services Specialist
Date: 2/11/2026

RECOMMENDATION
Staff requests the Board of Directors (Board) receive this January 2026 rate update, which maintains a one percent (1%) discount relative to all corresponding Pacific Gas and Electric (PG&E rates), per the discount approved by the Board on December 10, 2025 by the adoption of Resolution 2025-24, Approving Customer Generation Rates and The Fiscal Year 2025-2026 Updated Budget.

BACKGROUND
At the December 10, 2025 meeting of the SVCE Board of Directors, the Board adopted a 1% generation rate discount relative to PG&E for the calendar year 2026, a $12 monthly bill credit to California Alternate Rates for Energy (CARE)/ Family Electric Rate Assistance (FERA) customers, and an update to the GreenPrime rate premium to $0.0074/kWh. The Board also granted the Chief Executive Officer (CEO) the authority to adjust the Authority’s current electric generation rates for its customers upon receiving PG&E’s updated rates and with a sufficient time window for implementing new generation rates in SVCE’s billing system.

ANALYSIS & DISCUSSION
PG&E published new generation and Power Charge Indifference Adjustment (PCIA) rates on December 27, 2025, which became effective January 1, 2026. SVCE rate schedules and associated billing determinants have been updated as referenced in the attachments and reflect a 1% discount to PG&E’s comparable generation rates while recovering sufficient revenue to meet the forecasted costs in the Board-approved budget from Resolution 2025-24. The rates have been loaded into the billing system and are effective as of January 1, 2026.

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

ALTERNATIVE
N/A

FISCAL IMPACT
The fiscal impact of this rate change relative to the existing budget is negligible, as this rate change has been modeled and accounted for as presented in the December 10, 2025 Board meeting.

ATTACHMENTS

1. SVCE Residential Rate Schedule effective January 1, 2026

2. SVCE Non-Residential Rate Schedule effective January 1, 2026

Page 1 of 1 ends

Item 1c
SILICON VALLEY \3/ CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3 Notes
E-1 Year-round $ 0.08006 $ 0.11726 $ 0.11844 Rates applicable to all usage throughout the year EV-A, EV-B Summer (May-Oct)
SUMMER PEAK $ 0.24679 $ 0.28399 $ 0.28686 2:00 p.m. to 9:00 p.m. Monday through Friday, 3:00 p.m. to 7:00 p.m. Saturday, Sunday and Holidays
SUMMER PART-PEAK $ 0.10476 $ 0.14196 $ 0.14339 7:00 a.m. to 2:00 p.m. and 9:00 p.m. to 11:00 p.m. Monday through Friday, except holidays
SUMMER OFF-PEAK $ 0.05884 $ 0.09604 $ 0.09701 All other hours Winter (Nov-Apr)
WINTER PEAK $ 0.05427 $ 0.09147 $ 0.09239 2:00 p.m. to 9:00 p.m. Monday through Friday. 3:00 p.m. to 7:00 p.m. Saturday, Sunday and Holidays
WINTER PART-PEAK $ 0.02966 $ 0.06686 $ 0.06754 7:00 a.m. to 2:00 p.m. and 9:00 p.m. to 11:00 p.m. Monday through Friday, except holidays
WINTER OFF-PEAK $ 0.02966 $ 0.06686 $ 0.06754 All other hours EV-2A Summer (Jun-Sep)
SUMMER PEAK $ 0.13921 $ 0.17641 $ 0.17819 4:00 p.m. to 9:00 p.m. every day including weekends and holidays SUMMER PART-PEAK $ 0.09495 $ 0.13215 $ 0.13348 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
SUMMER OFF-PEAK $ 0.05422 $ 0.09142 $ 0.09234 All other hours Winter (Oct-May)
WINTER PEAK $ 0.08291 $ 0.12011 $ 0.12132 4:00 p.m. to 9:00 p.m. every day including weekends and holidays WINTER PART-PEAK $ 0.07054 $ 0.10774 $ 0.10883 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
WINTER OFF-PEAK $ 0.04730 $ 0.08450 $ 0.08535 All other hours Item 1c
Attachment 1
1 SILICON VALLEY <3/ CLEAN ENERGY
1 1
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3
Notes
SVCE E-ELEC Summer (Jun-Sep)
SUMMER PEAK $ 0.21315 $ 0.25035 $ 0.25288 4:00 p.m. to 9:00 p.m. every day including weekends and holidays SUMMER PART-PEAK $ 0.11503 $ 0.15223 $ 0.15377 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
SUMMER OFF-PEAK $ 0.07038 $ 0.10758 $ 0.10867 All other hours Winter (Oct-May)
WINTER PEAK $ 0.05264 $ 0.08984 $ 0.09075 4:00 p.m. to 9:00 p.m. every day including weekends and holidays WINTER PART-PEAK $ 0.03287 $ 0.07007 $ 0.07078 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
WINTER OFF-PEAK $ 0.01966 $ 0.05686 $ 0.05743 All other hours E-ELEC Summer (Jun-Sep)
SUMMER PEAK $ 0.21315 $ 0.25035 $ 0.25288 4:00 p.m. to 9:00 p.m. every day including weekends and holidays SUMMER PART-PEAK $ 0.11503 $ 0.15223 $ 0.15377 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
SUMMER OFF-PEAK $ 0.07038 $ 0.10758 $ 0.10867 All other hours Winter (Oct-May)
WINTER PEAK $ 0.05264 $ 0.08984 $ 0.09075 4:00 p.m. to 9:00 p.m. every day including weekends and holidays WINTER PART-PEAK $ 0.03287 $ 0.07007 $ 0.07078 3:00 p.m. to 4:00 p.m. and 9:00 p.m. to 12:00 a.m. every day including weekends and holidays
WINTER OFF-PEAK $ 0.01966 $ 0.05686 $ 0.05743 All other hours Item 1c
Attachment 1
2 SILICON VALLEY <3/ CLEAN ENERGY
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3 Notes
E-TOU-B Summer (Jun-Sep)
SUMMER PEAK $ 0.24549 $ 0.28269 $ 0.28555 4:00 p.m. to 9:00 p.m. Monday through Friday SUMMER OFF-PEAK $ 0.12367 $ 0.16087 $ 0.16249 All other times including Holidays Winter (Oct-May)
WINTER PEAK $ 0.14055 $ 0.17775 $ 0.17955 4:00 p.m. to 9:00 p.m. Monday through Friday WINTER OFF-PEAK $ 0.10214 $ 0.13934 $ 0.14075 All other times including Holidays E-TOU-C Summer (Jun-Sep)
SUMMER PEAK $ 0.15853 $ 0.19573 $ 0.19771 4:00 p.m. to 9:00 p.m. everyday SUMMER OFF-PEAK $ 0.05656 $ 0.09376 $ 0.09471 All other times Winter (Oct-May)
WINTER PEAK $ 0.08852 $ 0.12572 $ 0.12699 4:00 p.m. to 9:00 p.m. everyday WINTER OFF-PEAK $ 0.06211 $ 0.09931 $ 0.10031 All other times Item 1c
Attachment 1
3 ©

SILICON VALLEY

CLEAN ENERGY
E-TOU-D Summer (Jun-Sep)
SUMMER PEAK $ 0.15699 $ 0.19419 $ 0.19615 5:00 p.m. to 8:00 p.m. Monday - Friday SUMMER OFF-PEAK $ 0.05308 $ 0.09028 $ 0.09119 All other times including Holidays Winter (Oct-May)
WINTER PEAK $ 0.11653 $ 0.15373 $ 0.15528 5:00 p.m. to 8:00 p.m. Monday - Friday WINTER OFF-PEAK $ 0.08180 $ 0.11900 $ 0.12020 All other times including Holidays GreenPrime + $ 0.00740 Same as applicable rate, with 0.0074/kWh adder for 100% Renewable energy 1 SVCE Generation Rates, without added PG&E fees, effective 1/1/2026 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 1/1/2026 3 PG&E Generation service rate effective 1/1/2026
Silicon Valley Clean Energy
Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh)1
SVCE
Generation
Service
($/kWh)2
PG&E
Generation
Service
($/kWh)3 Notes
Item 1c
Attachment 1
4 SILICON VALLEY

CLEAN ENERGY
A-1-A Summer (May-Oct) $ 0.09560 $ 0.13199 $ 0.13332 Rates applicable to all usage throughout the season Winter (Nov-Apr) $ 0.05587 $ 0.09226 $ 0.09319 Rates applicable to all usage throughout the season A-1-B Summer (May-Oct)
PEAK $ 0.09869 $ 0.13508 $ 0.13644 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.09869 $ 0.13508 $ 0.13644 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.07422 $ 0.11061 $ 0.11173 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays Winter (Nov-Apr)
PART-PEAK $ 0.06824 $ 0.10463 $ 0.10569 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.06767 $ 0.10406 $ 0.10511 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Item 1c
Attachment 2
1 ©

SILICON VALLEY

CLEAN ENERGY
PEAK $ 0.08353 $ 0.11992 $ 0.12113 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06757 $ 0.10396 $ 0.10501 All other hours
SUPER OFF-PEAK $ 0.05131 $ 0.08770 $ 0.08859 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only, including weekends and holidays B-1-ST Summer (Jun-Sep)
PEAK $ 0.14294 $ 0.17933 $ 0.18114 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.10090 $ 0.13729 $ 0.13868 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06551 $ 0.10190 $ 0.10293 All other hours
Winter (Oct-May)
PEAK $ 0.09286 $ 0.12925 $ 0.13056 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.08065 $ 0.11704 $ 0.11822 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05887 $ 0.09526 $ 0.09622 All other hours
SUPER OFF-PEAK $ 0.04261 $ 0.07900 $ 0.07980 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only, including weekends and holidays B-1 Summer (Jun-Sep)
PEAK $ 0.13823 $ 0.17462 $ 0.17638 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.08949 $ 0.12588 $ 0.12715 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06889 $ 0.10528 $ 0.10634 All other hours
Winter (Oct-May)
Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Item 1c
Attachment 2
2 ©

SILICON VALLEY

CLEAN ENERGY
A-6 Summer (May-Oct)
PEAK $ 0.11148 $ 0.14787 $ 0.14936 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.11148 $ 0.14787 $ 0.14936 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.07806 $ 0.11445 $ 0.11561 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays Winter (Nov-Apr)
PART-PEAK $ 0.06878 $ 0.10517 $ 0.10623 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.06807 $ 0.10446 $ 0.10552 9:30 P.M. to 8:30 A.M. Monday through Friday and all day Saturday and Sunday, holidays B-6 Summer (Jun-Sep)
PEAK $ 0.23081 $ 0.26720 $ 0.26990 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06258 $ 0.09897 $ 0.09997 All other hours
Winter (Oct-May)
PEAK $ 0.09180 $ 0.12819 $ 0.12948 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05264 $ 0.08903 $ 0.08993 All other hours
SUPER OFF-PEAK $ 0.01692 $ 0.05331 $ 0.05385 9:00 a.m. to 2:00 p.m.; Every day in March, April, and May only, including weekends and holidays Silicon Valley Clean Energy Small Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Item 1c
Attachment 2
3 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison SVCE Rate
Schedule Period
SVCE
($/kW)
SVCE
($/kW)
PG&E
($/kW) Notes
A-10-A Summer (May-Oct) $ 0.09334 $ 0.13175 $ 0.13308 Rates applicable to all usage throughout the season SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr) $ 0.07180 $ 0.11021 $ 0.11132 Rates applicable to all usage throughout the season A-10-B Summer (May-Oct)
PEAK $ 0.10687 $ 0.14528 $ 0.14675 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.10687 $ 0.14528 $ 0.14675 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.08036 $ 0.11877 $ 0.11997 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.07260 $ 0.11101 $ 0.11213 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.07190 $ 0.11031 $ 0.11142 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays A-10-B-P Summer (May-Oct)
PEAK $ 0.09252 $ 0.13093 $ 0.13225 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.09252 $ 0.13093 $ 0.13225 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.06746 $ 0.10587 $ 0.10694 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.06011 $ 0.09852 $ 0.09952 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.05945 $ 0.09786 $ 0.09885 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
4 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison Schedule Period
SVCE
($/kW)
SVCE
($/kW)
PG&E
($/kW) Notes
A-10-B-T Summer (May-Oct)
PEAK $ 0.07475 $ 0.11316 $ 0.11430 12 Noon to 6 P.M. Monday through Friday (except holidays) PART-PEAK $ 0.07475 $ 0.11316 $ 0.11430 8:30 A.M. to 12 Noon and 6 P.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.05034 $ 0.08875 $ 0.08965 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays SUMMER MAX (kW) $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.04318 $ 0.08159 $ 0.08241 8:30 A.M. to 9:30 P.M. Monday through Friday (except holidays) OFF-PEAK $ 0.04252 $ 0.08093 $ 0.08175 9:30 P.M. to 8:30 A.M. Monday through Friday, all day Saturday and Sunday, holidays B-10-S Summer (Jun-Sep)
PEAK $ 0.16140 $ 0.19981 $ 0.20183 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.10033 $ 0.13874 $ 0.14014 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays Winter (Oct-May)
PEAK $ 0.10394 $ 0.14235 $ 0.14379 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06882 $ 0.10723 $ 0.10831 All other hours
SUPER OFF-PEAK $ 0.03284 $ 0.07125 $ 0.07197 9:00 a.m. to 2:00 p.m.; Every day in March, April and May only, including weekends and holidays OFF-PEAK $ 0.06809 $ 0.10650 $ 0.10758 All other hours
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
5 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison Schedule Period
SVCE
($/kW)
SVCE
($/kW)
PG&E
($/kW) Notes
B-10-P Summer (Jun-Sep)
PEAK $ 0.14371 $ 0.18212 $ 0.18396 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.08599 $ 0.12440 $ 0.12566 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05546 $ 0.09387 $ 0.09482 All other hours
Winter (Oct-May)
PEAK $ 0.08963 $ 0.12804 $ 0.12933 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05632 $ 0.09473 $ 0.09569 All other hours
SUPER OFF-PEAK $ 0.02035 $ 0.05876 $ 0.05935 9:00 a.m. to 2:00 p.m.; Every day in March, April and May only, including weekends and holidays B-10-T Summer (Jun-Sep)
PEAK $ 0.12539 $ 0.16380 $ 0.16545 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.06920 $ 0.10761 $ 0.10870 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03944 $ 0.07785 $ 0.07864 All other hours
Winter (Oct-May)
PEAK $ 0.07287 $ 0.11128 $ 0.11240 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04035 $ 0.07876 $ 0.07956 All other hours
SUPER OFF-PEAK $ 0.00438 $ 0.04279 $ 0.04322 9:00 a.m. to 2:00 p.m.; Every day in March, April and May only, including weekends and holidays SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
6 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison Schedule Period
SVCE
($/kW)
SVCE
($/kW)
PG&E
($/kW) Notes
BEV1 Summer/Winter
PEAK $ 0.22906 $ 0.25939 $ 0.26201 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04833 $ 0.07866 $ 0.07945 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays SUPER OFF-PEAK $ 0.02319 $ 0.05352 $ 0.05406 9:00 a.m. to 2:00 p.m.; Every day, including weekends and holidays BEV2S Summer/Winter
PEAK $ 0.24402 $ 0.27846 $ 0.28127 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04269 $ 0.07713 $ 0.07791 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays SUPER OFF-PEAK $ 0.01754 $ 0.05198 $ 0.05251 9:00 a.m. to 2:00 p.m.; Every day, including weekends and holidays BEV2P Summer/Winter
PEAK $ 0.23374 $ 0.26818 $ 0.27089 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03972 $ 0.07416 $ 0.07491 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 9:00 a.m.; Every day, including weekends and holidays SUPER OFF-PEAK $ 0.01576 $ 0.05020 $ 0.05071 9:00 a.m. to 2:00 p.m.; Every day, including weekends and holidays SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Medium Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
7 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison Schedule Period
SVCE
($/kW)
SVCE
($/kW)
PG&E
($/kW) Notes
E-19-S Summer (May-Oct)
PEAK $ 0.04933 $ 0.08564 $ 0.08650
PART-PEAK $ 0.04933 $ 0.08564 $ 0.08650 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.04389 $ 0.08020 $ 0.08101 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 12.56 $ 12.56 $
PART-PEAK (kW) $ 12.56 $ 12.56 $
Winter (Nov-Apr)
PART-PEAK $ 0.04153 $ 0.07784 $ 0.07863
OFF-PEAK $ 0.04089 $ 0.07720 $ 0.07798 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-P Summer (May-Oct)
PEAK $ 0.04120 $ 0.07751 $ 0.07829
PART-PEAK $ 0.04120 $ 0.07751 $ 0.07829 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03580 $ 0.07211 $ 0.07284 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 11.45 $ 11.45 $
PART-PEAK (kW) $ 11.45 $ 11.45 $
Winter (Nov-Apr)
PART-PEAK $ 0.03348 $ 0.06979 $ 0.07049
OFF-PEAK $ 0.03284 $ 0.06915 $ 0.06985 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison

12.69 12.69

11.57 11.57
12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 8:30 a.m. to 12:00 noon Monday through Friday AND
6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) 9:30 p.m. to 8:30 a.m. Monday through Friday, and
All day Saturday, Sunday, and holidays
9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
8:30 a.m. to 12:00 noon Monday through Friday AND
6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) 9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
8 ©

SILICON VALLEY

CLEAN ENERGY
E-19-T Summer (May-Oct)
PEAK $ 0.02967 $ 0.06598 $ 0.06665 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.02967 $ 0.06598 $ 0.06665 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.02445 $ 0.06076 $ 0.06137 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 12.39 $ 12.39 $ 12.52
PART-PEAK (kW) $ 12.39 $ 12.39 $ 12.52
Winter (Nov-Apr)
PART-PEAK $ 0.02220 $ 0.05851 $ 0.05910 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.02160 $ 0.05791 $ 0.05849 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-R-S Summer (May-Oct)
PEAK $ 0.10753 $ 0.14384 $ 0.14529
PART-PEAK $ 0.10753 $ 0.14384 $ 0.14529 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.07471 $ 0.11102 $ 0.11214 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.07214 $ 0.10845 $ 0.10955 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.07144 $ 0.10775 $ 0.10884 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison 8:30 a.m. to 12:00 noon Monday through Friday AND
6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) 9:30 p.m. to 8:30 a.m. Monday through Friday, and
All day Saturday, Sunday, and holidays
12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 8:30 a.m. to 12:00 noon Monday through Friday AND
6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) 9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
9 ©

SILICON VALLEY

CLEAN ENERGY
E-19-R-P Summer (May-Oct)
PEAK $ 0.08971 $ 0.12602 $ 0.12729 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.08971 $ 0.12602 $ 0.12729 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06065 $ 0.09696 $ 0.09794 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.05821 $ 0.09452 $ 0.09547 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.05754 $ 0.09385 $ 0.09480 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-19-R-T Summer (May-Oct)
PEAK $ 0.08456 $ 0.12087 $ 0.12209 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.08456 $ 0.12087 $ 0.12209 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.05916 $ 0.09547 $ 0.09643 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.05675 $ 0.09306 $ 0.09400 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.05610 $ 0.09241 $ 0.09334 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
10 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison Schedule Period
SVCE
($/kW)
SVCE
($/kW)
PG&E
($/kW) Notes
B-19-S Summer (Jun-Sep)
PEAK $ 0.10732 $ 0.14363 $ 0.14508 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.06898 $ 0.10529 $ 0.10635 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04187 $ 0.07818 $ 0.07897 All other hours
PEAK $ 19.27 $ 19.27 $ 19.46
PART-PEAK (kW) $ 2.80 $ 2.80 $ 2.83
Winter (Oct-May)
PEAK $ 0.08297 $ 0.11928 $ 0.12048 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04176 $ 0.07807 $ 0.07886 All other hours
SUPER OFF-PEAK $ (0.01352) $ 0.02279 $ 0.02302 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays PEAK (kW) $ 2.29 $ 2.29 $ 2.31
B-19-P Summer (Jun-Sep)
PEAK $ 0.08775 $ 0.12406 $ 0.12531 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.05850 $ 0.09481 $ 0.09577 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03307 $ 0.06938 $ 0.07008 All other hours
PEAK (kW) $ 16.27 $ 16.27 $ 16.43
PART-PEAK (kW) $ 2.39 $ 2.39 $ 2.41
Winter (Oct-May)
PEAK $ 0.07075 $ 0.10706 $ 0.10814 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03339 $ 0.06970 $ 0.07040 All other hours
SUPER OFF-PEAK $ (0.01977) $ 0.01654 $ 0.01671 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays PEAK (kW) $ 1.67 $ 1.67 $ 1.69
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
11 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison Schedule Period
SVCE
($/kW)
SVCE
($/kW)
PG&E
($/kW) Notes
B-19-T Summer (Jun-Sep)
PEAK $ 0.07487 $ 0.11118 $ 0.11230 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.06252 $ 0.09883 $ 0.09983 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03625 $ 0.07256 $ 0.07329 All other hours
PEAK (kW) $ 14.52 $ 14.52 $ 14.67
PART-PEAK (kW) $ 3.63 $ 3.63 $ 3.67
Winter (Oct-May)
PEAK $ 0.07404 $ 0.11035 $ 0.11146 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03683 $ 0.07314 $ 0.07388 All other hours
SUPER OFF-PEAK $ (0.01790) $ 0.01841 $ 0.01860 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays PEAK (kW) $ 1.40 $ 1.40 $ 1.41
B-19-R-S /
B-19-ST-S Summer (Jun-Sep)
PEAK $ 0.23121 $ 0.26752 $ 0.27022 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.09699 $ 0.13330 $ 0.13465 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05887 $ 0.09518 $ 0.09614 All other hours
Winter (Oct-May)
PEAK $ 0.10070 $ 0.13701 $ 0.13839 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05880 $ 0.09511 $ 0.09607 All other hours
SUPER OFF-PEAK $ 0.02334 $ 0.05965 $ 0.06025 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
12 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison B-19-R-P /
B-19-ST-P Summer (Jun-Sep)
PEAK $ 0.20351 $ 0.23982 $ 0.24224 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.08120 $ 0.11751 $ 0.11870 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04617 $ 0.08248 $ 0.08331 All other hours
Winter (Oct-May)
PEAK $ 0.08355 $ 0.11986 $ 0.12107 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04628 $ 0.08259 $ 0.08342 All other hours
SUPER OFF-PEAK $ 0.01081 $ 0.04712 $ 0.04760 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays B-19-R-T /
B-19-ST-T Summer (Jun-Sep)
PEAK $ 0.17168 $ 0.20799 $ 0.21009 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.09099 $ 0.12730 $ 0.12859 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04927 $ 0.08558 $ 0.08644 All other hours
Winter (Oct-May)
PEAK $ 0.08282 $ 0.11913 $ 0.12033 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04947 $ 0.08578 $ 0.08665 All other hours
SUPER OFF-PEAK $ 0.01401 $ 0.05032 $ 0.05083 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
13 ©

SILICON VALLEY

CLEAN ENERGY
E-20-S Summer (May-Oct)
PEAK $ 0.04819 $ 0.08216 $ 0.08299 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.04819 $ 0.08216 $ 0.08299 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.04279 $ 0.07676 $ 0.07754 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 12.10 $ 12.10 $ 12.22
PART-PEAK (kW) $ 12.10 $ 12.10 $ 12.22
Winter (Nov-Apr)
PART-PEAK $ 0.04043 $ 0.07440 $ 0.07515 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03979 $ 0.07376 $ 0.07450 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-P Summer (May-Oct)
PEAK $ 0.04783 $ 0.08057 $ 0.08138 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.04783 $ 0.08057 $ 0.08138 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.04251 $ 0.07525 $ 0.07601 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 13.12 $ 13.12 $ 13.25
PART-PEAK (kW) $ 13.12 $ 13.12 $ 13.25
Winter (Nov-Apr)
PART-PEAK $ 0.04023 $ 0.07297 $ 0.07371 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03962 $ 0.07236 $ 0.07309 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
14 ©

SILICON VALLEY

CLEAN ENERGY
Non-Residential Generation Rates and Generation Service Cost Comparison E-20-T Summer (May-Oct)
PEAK $ 0.03790 $ 0.07088 $ 0.07160
PART-PEAK $ 0.03790 $ 0.07088 $ 0.07160 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03253 $ 0.06551 $ 0.06617 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
PEAK (kW) $ 16.37 $ 16.37 $ 16.54
PART-PEAK (kW) $ 16.37 $ 16.37 $ 16.54
Winter (Nov-Apr)
PART-PEAK $ 0.03022 $ 0.06320 $ 0.06384
OFF-PEAK $ 0.02960 $ 0.06258 $ 0.06321 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-R-S Summer (May-Oct)
PEAK $ 0.09837 $ 0.13234 $ 0.13368 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09837 $ 0.13234 $ 0.13368 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06831 $ 0.10228 $ 0.10331 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.06574 $ 0.09971 $ 0.10072 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06504 $ 0.09901 $ 0.10001
9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 8:30 a.m. to 12:00 noon Monday through Friday AND
6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) 9:30 p.m. to 8:30 a.m. Monday through Friday, and
All day Saturday, Sunday, and holidays
9:30 p.m. to 8:30 a.m. Monday through Friday,
All day Saturday, Sunday, and holidays
Item 1c
Attachment 2
15 ©

SILICON VALLEY

CLEAN ENERGY
E-20-R-P Summer (May-Oct)
PEAK $ 0.09691 $ 0.12965 $ 0.13096 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09691 $ 0.12965 $ 0.13096 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06568 $ 0.09842 $ 0.09941 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.06323 $ 0.09597 $ 0.09694 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06257 $ 0.09531 $ 0.09627 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
E-20-R-T Summer (May-Oct)
PEAK $ 0.09603 $ 0.12901 $ 0.13031 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09603 $ 0.12901 $ 0.13031 8:30 a.m. to 12:00 noon Monday through Friday AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06513 $ 0.09811 $ 0.09910 9:30 p.m. to 8:30 a.m. Monday through Friday, and All day Saturday, Sunday, and holidays
Winter (Nov-Apr)
PART-PEAK $ 0.06272 $ 0.09570 $ 0.09667 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06207 $ 0.09505 $ 0.09601 9:30 p.m. to 8:30 a.m. Monday through Friday, All day Saturday, Sunday, and holidays
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
16 ©

SILICON VALLEY

CLEAN ENERGY
B-20-S Summer (Jun-Sep)
PEAK $ 0.10344 $ 0.13741 $ 0.13880 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.06904 $ 0.10301 $ 0.10405 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04186 $ 0.07583 $ 0.07660 All other hours
PEAK (kW) $ 18.07 $ 18.07 $ 18.25
PART-PEAK (kW) $ 2.62 $ 2.62 $ 2.65
Winter (Oct-May)
PEAK $ 0.08295 $ 0.11692 $ 0.11810 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04165 $ 0.07562 $ 0.07638 All other hours
SUPER OFF-PEAK $ (0.01368) $ 0.02029 $ 0.02050 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays PEAK (kW) $ 2.30 $ 2.30 $ 2.32
B-20-P Summer (Jun-Sep)
PEAK $ 0.10148 $ 0.13422 $ 0.13558 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.06461 $ 0.09735 $ 0.09833 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03888 $ 0.07162 $ 0.07234 All other hours
PEAK (kW) $ 20.16 $ 20.16 $ 20.36
PART-PEAK (kW) $ 2.77 $ 2.77 $ 2.80
Winter (Oct-May)
PEAK $ 0.07801 $ 0.11075 $ 0.11187 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03895 $ 0.07169 $ 0.07241 All other hours
SUPER OFF-PEAK $ (0.01648) $ 0.01626 $ 0.01642 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays PEAK (kW) $ 2.32 $ 2.32 $ 2.34
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
17 ©

SILICON VALLEY

CLEAN ENERGY
B-20-T Summer (Jun-Sep)
PEAK $ 0.08717 $ 0.12015 $ 0.12136 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.06284 $ 0.09582 $ 0.09679 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03571 $ 0.06869 $ 0.06938 All other hours
PEAK (kW) $ 22.06 $ 22.06 $ 22.28
PART-PEAK (kW) $ 5.26 $ 5.26 $ 5.31
Winter (Oct-May)
PEAK $ 0.08064 $ 0.11362 $ 0.11477 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03156 $ 0.06454 $ 0.06519 All other hours
SUPER OFF-PEAK $ (0.01746) $ 0.01552 $ 0.01568 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays PEAK (kW) $ 2.94 $ 2.94 $ 2.97
B-20-R-S /
B-20-ST-S Summer (Jun-Sep)
PEAK $ 0.22314 $ 0.25711 $ 0.25971 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.09172 $ 0.12569 $ 0.12696 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05464 $ 0.08861 $ 0.08950 All other hours
Winter (Oct-May)
PEAK $ 0.09780 $ 0.13177 $ 0.13310 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05451 $ 0.08848 $ 0.08937 All other hours
SUPER OFF-PEAK $ 0.01911 $ 0.05308 $ 0.05362 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
18 ©

SILICON VALLEY

CLEAN ENERGY
B-20-R-P /
B-20-ST-P Summer (Jun-Sep)
PEAK $ 0.21354 $ 0.24628 $ 0.24877 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.08593 $ 0.11867 $ 0.11987 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05158 $ 0.08432 $ 0.08517 All other hours
Winter (Oct-May)
PEAK $ 0.09130 $ 0.12404 $ 0.12529 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05163 $ 0.08437 $ 0.08522 All other hours
SUPER OFF-PEAK $ 0.01624 $ 0.04898 $ 0.04947 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays B-20-R-T /
B-20-ST-T Summer (Jun-Sep)
PEAK $ 0.21762 $ 0.25060 $ 0.25313 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.10018 $ 0.13316 $ 0.13451 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05044 $ 0.08342 $ 0.08426 All other hours
Winter (Oct-May)
PEAK $ 0.10003 $ 0.13301 $ 0.13435 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04755 $ 0.08053 $ 0.08134 All other hours
SUPER OFF-PEAK $ 0.01507 $ 0.04805 $ 0.04854 9:00 a.m. to 2:00 p.m.; Every day in March, April and May, including weekends and holidays SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy Large Commercial
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
19 ©

SILICON VALLEY

CLEAN ENERGY
Agriculture
AG-1-A Summer (May-Oct) $ 0.06014 $ 0.09453 $ 0.09548 Rates applicable to all usage throughout the season SUMMER MAX $ 3.10 $ 3.10 $ 3.13
Winter (Nov-Apr) $ 0.04675 $ 0.08114 $ 0.08196 Rates applicable to all usage throughout the season AG-1-B Summer (May-Oct) $ 0.06773 $ 0.10212 $ 0.10315 Rates applicable to all usage throughout the season SUMMER MAX $ 4.11 $ 4.11 $ 4.15
Winter (Nov-Apr) $ 0.03744 $ 0.07183 $ 0.07256 Rates applicable to all usage throughout the season AG-A1 Summer (Jun-Sep)
PEAK $ 0.19493 $ 0.22932 $ 0.23164 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.07645 $ 0.11084 $ 0.11196 All other hours
Winter (Oct-May)
PEAK $ 0.07316 $ 0.10755 $ 0.10864 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04698 $ 0.08137 $ 0.08219 All other hours
AG-A2 Summer (Jun-Sep)
PEAK $ 0.19493 $ 0.22932 $ 0.23164 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.07645 $ 0.11084 $ 0.11196 All other hours
Winter (Oct-May)
PEAK $ 0.07316 $ 0.10755 $ 0.10864 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04698 $ 0.08137 $ 0.08219 All other hours
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
20 ©

SILICON VALLEY

CLEAN ENERGY
All other hours Monday through Friday
All other hours Monday through Friday
Group I 12:00 noon to 6:00 p.m. Monday, Tuesday, Wednesday (except holidays) All other hours Monday through Friday
All other hours Monday through Friday
Agriculture
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison AG-RA Summer (May-Oct)
PEAK $ 0.05962 $ 0.09401 $ 0.09496 G
G
r
r
o
o
u
u
p
p
I
II
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OFF-PEAK $ 0.05962 $ 0.09401 $ 0.09496 All day Saturday, Sunday, holidays SUMMER $ 2.07 $ 2.07 $ 2.09
Winter (Nov-Apr)
PART-PEAK $ 0.04318 $ 0.07757 $ 0.07835 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.04247 $ 0.07686 $ 0.07764 All day Saturday, Sunday, holidays AG-RB Summer (May-Oct)
PEAK $ 0.05023 $ 0.08462 $ 0.08547 Group II 12:00 noon to 6:00 p.m. Wednesday, Thursday, Friday (except holidays) OFF-PEAK $ 0.05023 $ 0.08462 $ 0.08547 All day Saturday, Sunday, holidays MAX $ 2.96 $ 2.96 $ 2.99
PEAK $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.03894 $ 0.07333 $ 0.07407 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03824 $ 0.07263 $ 0.07336 All day Saturday, Sunday, holidays AG-FA Summer (Jun-Sep)
PEAK $ 0.15991 $ 0.19430 $ 0.19626 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.08354 $ 0.11793 $ 0.11912 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
Winter (Oct-May)
PEAK $ 0.07344 $ 0.10783 $ 0.10892 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.04726 $ 0.08165 $ 0.08247 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
Item 1c
Attachment 2
21 ©

SILICON VALLEY

CLEAN ENERGY
AG-FB Summer (Jun-Sep)
PEAK $ 0.17682 $ 0.21121 $ 0.21334 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.09632 $ 0.13071 $ 0.13203 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
Winter (Oct-May)
PEAK $ 0.08438 $ 0.11877 $ 0.11997 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.05819 $ 0.09258 $ 0.09352 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
AG-FC Summer (Jun-Sep)
PEAK $ 0.07903 $ 0.11342 $ 0.11457 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.04932 $ 0.08371 $ 0.08456 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
MAX $ 16.04 $ 16.04 $ 16.20
Winter (Oct-May)
PEAK $ 0.06476 $ 0.09915 $ 0.10015 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays, except for the special off-peak days by Group as indicated below
OFF-PEAK $ 0.03857 $ 0.07296 $ 0.07370 All other hours and all day for the days indicated by these options: Option 1) Wednesday and Thursday; Option 2) Saturday and Sunday; Option 3) Monday and Friday
AG-VA Summer (May-Oct)
OFF-PEAK $ 0.05615 $ 0.09054 $ 0.09145 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER $ 2.18 $ 2.18 $ 2.20
Winter (Nov-Apr)
PART-PEAK $ 0.04107 $ 0.07546 $ 0.07622 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.04036 $ 0.07475 $ 0.07551 All other hours Monday through Friday All day Saturday, Sunday, holidays
PEAK $ 0.05615 $ 0.09054 $ 0.09145
Group I 12:00 noon to 4:00 p.m. Monday through Friday (except holidays) Group II 1:00 p.m. to 5:00 p.m. Monday through Friday (except holidays) Group III 2:00 p.m. to 6:00 p.m. Monday through Friday (except holidays) Agriculture
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
22 ©

SILICON VALLEY

CLEAN ENERGY
AG-VB Summer (May-Oct)
OFF-PEAK $ 0.04714 $ 0.08153 $ 0.08235 All other hours Monday through Friday All day Saturday, Sunday, holidays
MAX $ 2.80 $ 2.80 $ 2.83
PEAK $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.03485 $ 0.06924 $ 0.06994 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03415 $ 0.06854 $ 0.06923 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-4-A Summer (May-Oct)
PEAK $ 0.05751 $ 0.09190 $ 0.09283 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.05751 $ 0.09190 $ 0.09283 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER $ 2.13 $ 2.13 $ 2.15
Winter (Nov-Apr)
PART-PEAK $ 0.04338 $ 0.07777 $ 0.07856 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.04268 $ 0.07707 $ 0.07785 All other hours Monday through Friday All day Saturday, Sunday, holidays
PEAK $ 0.04714 $ 0.08153 $ 0.08235
Group I 12:00 noon to 4:00 p.m. Monday through Friday (except holidays) Group II 1:00 p.m. to 5:00 p.m. Monday through Friday (except holidays) Group III 2:00 p.m. to 6:00 p.m. Monday through Friday (except holidays) Agriculture
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
23 ©

SILICON VALLEY

CLEAN ENERGY
AG-4-B Summer (May-Oct)
PEAK $ 0.06771 $ 0.10210 $ 0.10313 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06771 $ 0.10210 $ 0.10313 All other hours Monday through Friday All day Saturday, Sunday, holidays
MAX $ 3.75 $ 3.75 $ 3.79
PEAK $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.05386 $ 0.08825 $ 0.08914 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.05318 $ 0.08757 $ 0.08845 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-4-C Summer (May-Oct)
PEAK $ 0.04867 $ 0.08306 $ 0.08390 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.04867 $ 0.08306 $ 0.08390 8:30 a.m. to 12:00 p.m. Monday through Friday (except holidays) AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03758 $ 0.07197 $ 0.07270 9:30 p.m. to 8:30 a.m. Monday through Friday All day Saturday, Sunday, holidays
PEAK $ 3.96 $ 3.96 $ 4.00
PART-PEAK $ 3.96 $ 3.96 $ 4.00
Winter (Nov-Apr)
PART-PEAK $ 0.03502 $ 0.06941 $ 0.07011 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03432 $ 0.06871 $ 0.06940 All other hours Monday through Friday All day Saturday, Sunday, holidays
Agriculture
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
24 ©

SILICON VALLEY

CLEAN ENERGY
AG-B Summer (Jun-Sep)
PEAK $ 0.21072 $ 0.24511 $ 0.24759 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.08888 $ 0.12327 $ 0.12452 All other hours
Winter (Oct-May)
PEAK $ 0.08360 $ 0.11799 $ 0.11918 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.05766 $ 0.09205 $ 0.09298 All other hours
AG-5-A Summer (May-Oct)
PEAK $ 0.06402 $ 0.09841 $ 0.09940 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06402 $ 0.09841 $ 0.09940 All other hours Monday through Friday All day Saturday, Sunday, holidays
SUMMER $ 5.88 $ 5.88 $ 5.94
Winter (Nov-Apr)
PART-PEAK $ 0.05186 $ 0.08625 $ 0.08712 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.05116 $ 0.08555 $ 0.08641 All other hours Monday through Friday All day Saturday, Sunday, holidays
Agriculture
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
25 ©

SILICON VALLEY

CLEAN ENERGY
AG-5-B Summer (May-Oct)
PEAK $ 0.05674 $ 0.09113 $ 0.09205 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.05674 $ 0.09113 $ 0.09205
MAX $ 7.28 $ 7.28 $ 7.35
Agriculture
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison PEAK $ - $ - $ -
Winter (Nov-Apr)
PART-PEAK $ 0.04443 $ 0.07882 $ 0.07962 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.04376 $ 0.07815 $ 0.07894 All other hours Monday through Friday All day Saturday, Sunday, holidays
AG-5-C Summer (May-Oct)
PEAK $ 0.03879 $ 0.07318 $ 0.07392 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.03879 $ 0.07318 $ 0.07392 8:30 a.m. to 12:00 p.m. Monday through Friday (except holidays) AND 6:00 p.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.03278 $ 0.06717 $ 0.06785 9:30 p.m. to 8:30 a.m. Monday through Friday All day Saturday, Sunday, holidays
PEAK $ 8.17 $ 8.17 $ 8.25
PART-PEAK $ 8.17 $ 8.17 $ 8.25
Winter (Nov-Apr)
PART-PEAK $ 0.03022 $ 0.06461 $ 0.06526 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.02951 $ 0.06390 $ 0.06455 All other hours Monday through Friday All day Saturday, Sunday, holidays
All other hours Monday through Friday
All day Saturday, Sunday, holidays
Item 1c
Attachment 2
26 ©

SILICON VALLEY

CLEAN ENERGY
AG-C Summer (Jun-Sep)
PEAK $ 0.07220 $ 0.10659 $ 0.10767 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04302 $ 0.07741 $ 0.07819 All other hours
MAX $ 16.04 $ 16.04 $ 16.20
Winter (Oct-May)
Agriculture
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison PEAK $ 0.05771 $ 0.09210 $ 0.09303 5:00 p.m. to 8:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.03244 $ 0.06683 $ 0.06751 All other hours
Item 1c
Attachment 2
27 SILICON VALLEY

CLEAN ENERGY
Standby
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison STOUS Summer (May-Oct)
PEAK $ 0.11954 $ 0.14512 $ 0.14659 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09225 $ 0.11783 $ 0.11902 8:30 a.m. to 12:00 noon AND 6:00 p.m. to 9:30 p.m.

Monday through Friday (except holidays)
OFF-PEAK $ 0.05653 $ 0.08211 $ 0.08294 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday, and holidays
Reservation (kW) $ 0.66 $ 0.66 $ 0.67
Winter (Nov-Apr)
PART-PEAK $ 0.09660 $ 0.12218 $ 0.12341 8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) OFF-PEAK $ 0.06894 $ 0.09452 $ 0.09547 9:30 p.m. to 8:30 a.m. Monday through Friday All Day Saturday, Sunday and holidays
Reservation (kW) $ 0.66 $ 0.66 $ 0.67
STOUP Summer (May-Oct)
PEAK $ 0.11954 $ 0.14512 $ 0.14659 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) PART-PEAK $ 0.09225 $ 0.11783 $ 0.11902 8:30 a.m. to 12:00 noon AND 6:00 p.m. to 9:30 p.m.

SILICON VALLEY

CLEAN ENERGY
STOUT Summer (May-Oct)
PEAK $ 0.08044 $ 0.10602 $ 0.10709
PART-PEAK $ 0.05977 $ 0.08535 $ 0.08621
OFF-PEAK $ 0.03242 $ 0.05800 $ 0.05859
Reservation (kW) $ 0.50 $ 0.50 $ 0.51
Winter (Nov-Apr)
PART-PEAK $ 0.06302 $ 0.08860 $ 0.08949
OFF-PEAK $ 0.04202 $ 0.06760 $ 0.06828
Reservation (kW) $ 0.50 $ 0.50 $ 0.51
S-B-S Summer (Jun-Sep)
PEAK $ 0.09064 $ 0.11622 $ 0.11739 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.07847 $ 0.10405 $ 0.10510 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06494 $ 0.09052 $ 0.09143 All other hours
Reservation (kW) $ 1.02 $ 1.02 $ 1.03
Winter (Oct-May)
PEAK $ 0.08577 $ 0.11135 $ 0.11247 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06608 $ 0.09166 $ 0.09259 All other hours
SUPER OFF-PEAK $ 0.02238 $ 0.04796 $ 0.04844 9:00 a.m. to 2:00 p.m.; Every day in March, April and May including weekends and holidays Reservation (kW) $ 1.02 $ 1.02 $ 1.03
Standby
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) 8:30 a.m. to 12:00 noon AND 6:00 p.m. to 9:30 p.m.

Monday through Friday (except holidays)
9:30 p.m. to 8:30 a.m. Monday through Friday
All Day Saturday, Sunday, and holidays
8:30 a.m. to 9:30 p.m. Monday through Friday (except holidays) 9:30 p.m. to 8:30 a.m. Monday through Friday
All Day Saturday, Sunday and holidays
Item 1c
Attachment 2
29 ©

SILICON VALLEY

CLEAN ENERGY
S-B-P Summer (Jun-Sep)
PEAK $ 0.09064 $ 0.11622 $ 0.11739 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.07847 $ 0.10405 $ 0.10510 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06494 $ 0.09052 $ 0.09143 All other hours
Reservation (kW) $ 1.02 $ 1.02 $ 1.03
Winter (Oct-May)
PEAK $ 0.08577 $ 0.11135 $ 0.11247 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.06608 $ 0.09166 $ 0.09259 All other hours
SUPER OFF-PEAK $ 0.02238 $ 0.04796 $ 0.04844 9:00 a.m. to 2:00 p.m.; Every day in March, April and May including weekends and holidays Reservation (kW) $ 1.02 $ 1.02 $ 1.03
S-B-T Summer (Jun-Sep)
PEAK $ 0.07117 $ 0.09675 $ 0.09773 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays PART-PEAK $ 0.05932 $ 0.08490 $ 0.08576 2:00 p.m. to 4:00 p.m. and 9:00 p.m. to 11:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04614 $ 0.07172 $ 0.07244 All other hours
Reservation (kW) $ 0.47 $ 0.47 $ 0.47
Winter (Oct-May)
PEAK $ 0.06652 $ 0.09210 $ 0.09303 4:00 p.m. to 9:00 p.m.; Every day, including weekends and holidays OFF-PEAK $ 0.04736 $ 0.07294 $ 0.07368 All other hours
SUPER OFF-PEAK $ 0.00359 $ 0.02917 $ 0.02946 9:00 a.m. to 2:00 p.m.; Every day in March, April and May including weekends and holidays Reservation (kW) $ 0.47 $ 0.47 $ 0.47
Standby
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison Item 1c
Attachment 2
30 ©

SILICON VALLEY

CLEAN ENERGY
Lighting
SVCE Rate
Schedule
Time of Use
Period
SVCE
Generation
Rates
($/kWh) or
($/kW)1
SVCE
Generation
Service
($/kWh) or
($/kW)2
PG&E
Generation
Service
($/kWh) or
($/kW)3 Notes
Silicon Valley Clean Energy
Non-Residential Generation Rates and Generation Service Cost Comparison LS-1, LS-2, $ 0.06499 $ 0.09535 $ 0.09631
LS-3, OL-1
TC-1 Year-round $ 0.06524 $ 0.10163 $ 0.10266 Rates applicable to all usage throughout the year GreenPrime + $ 0.00740 Same as applicable rate, with 0.0074/kWh adder for 100% Renewable energy DAYLIGHT SAVING TIME ADJUSTMENT: The time periods shown above will begin and end one hour later for the period between the second Sunday in March and the first Sunday in April, and for the period between the last Sunday in October and the first Sunday in November.

HOLIDAYS: Holidays, for the purpose of this rate schedule, are New Year’s Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day and Christmas Day. The dates will be those on which holidays are legally observed.
1 SVCE Generation Rates, without added PG&E fees, effective 1/1/2026 2 SVCE Generation Service reflects our price for Generation, with added PG&E fees (PCIA and Franchise Fees), effective 1/1/2026 3 PG&E Generation service rate effective 1/1/2026
Year-round Rates applicable to all usage throughout the year Item 1c
Attachment 2
31 SILICON VALLEY

CLEAN ENERGY

Page 1 of 1 ends

Staff Report – Item 1d
Item 1d: Approve 2026 Updates to Exhibit C, Annual Energy Use, and Exhibit D, Voting Shares, of the SVCE Joint Powers Agreement
From: Monica Padilla, CEO
Prepared by: Peyton Parks, Energy Services Manager
Colleen McCamy, Data Scientist
Date: 2/11/2026

RECOMMENDATION
Approve update to Exhibits C & D in Silicon Valley Clean Energy’s (SVCE) Joint Powers Agreement (JPA) to reflect the member agencies’ energy demand and voting rights.

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

4.9.3 Voting Shares Formula.

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

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

All Jurisdictions in SVCE territory received service for an entire calendar year in 2025. Each Party’s 2026 voting share was calculated as a percentage of total 2025 load served by SVCE only.

ATTACHMENTS

1. Update to Exhibit C, Annual Energy Use

2. Update to Exhibit D, Voting Shares
Item 1d
SILICON VALLEY \3/ CLEAN ENERGY
Exhibit C

Page 1 ends

EXHIBIT C

ANNUAL ENERGY USE
This Exhibit C is effective as of February 11, 2026.

Party kWh (2025*)
Campbell 155,944,279
Cupertino 185,891,923
Gilroy 203,799,564
Los Altos 103,480,891
Los Altos Hills 37,552,534
Los Gatos 153,702,909
Milpitas 613,991,891
Monte Sereno 13,619,886
Morgan Hill 188,457,942
Mountain View 565,348,318
Santa Clara County
(Unincorporated) 318,006,677
Saratoga 97,008,465
Sunnyvale 1,056,137,649
Total 3,692,942,928
*Data provided by Calpine Energy Solutions
**Data may not sum to 100% due to rounding
Item 1d
Attachment 1
Exhibit D

Page 1 ends

EXHIBIT D

VOTING SHARES
This Exhibit D is effective as of February 11, 2026.

Party kWh (2025*) Voting Share
Section 4.9.2
Campbell 155,944,279 4.2%
Cupertino 185,891,923 5.0%
Gilroy 203,799,564 5.5%
Los Altos 103,480,891 2.8%
Los Altos Hills 37,552,534 1.0%
Los Gatos 153,702,909 4.2%
Milpitas 613,991,891 16.6%
Monte Sereno 13,619,886 0.4%
Morgan Hill 188,457,942 5.1%
Mountain View 565,348,318 15.3%
Santa Clara County
(Unincorporated) 318,006,677

8.6%
Saratoga 97,008,465 2.6%
Sunnyvale 1,056,137,649 28.6%
Total 3,692,942,928 100.0%
*Data provided by Calpine Energy Solutions
**Data may not sum to 100% due to rounding
Item 1d
Attachment 2

Page 1 of 1 ends

Staff Report – Item 1e
Item 1e: Receive December 2025 Decarbonization Strategy and Programs Quarterly Report From: Monica Padilla, CEO
Prepared by: Justin Zagunis, Director of Customer Success Douglas Bernard, Decarbonization Management Analyst
Date: 2/11/2026

RECOMMENDATION
Staff recommends the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) accept the current update of the Decarbonization Strategy and Programs quarterly report, reflecting project statuses as of the end of December 2025.

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

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

STRATEGIC PLAN
This item supports SVCE’s 2025-2026 Strategic Plan Goals 7 and 8, to support “SVCE communities to decarbonize through local investments that reduce barriers and demonstrate sensible, scalable, and equitable solutions” and to “engage customers and community stakeholders to build trust of SVCE and advance decarbonization.”

FISCAL IMPACT
Accepting the December 2025 Update of the Decarbonization Strategy and Programs quarterly report has no fiscal impact.

ATTACHMENTS

1. Decarbonization Strategy & Programs Quarterly Report – December 2025 Update Item 1e
SILICON VALLEY \3/ CLEAN ENERGY
$205 million
in lifetime bill savings

DECARBONIZATION PROGRAMS &

MARKETING HIGHLIGHTS
December 2025 Milestones
Quarterly Report
$138 million
in lifetime program
funding allocation
Item 1e
Attachment 1
SILICON VALLEY <3/ CLEAN ENERGY
630
EV charger ports installed

DECARBONIZATION PROGRAMS
& MARKETING HIGHLIGHTS
December 2025 Milestones
Quarterly Report
2,978
customers engage
with Go Electric
Advisor service
$4.2M
in home rebates
distributed in 2025
Item 1e
Attachment 1
SILICON VALLEY <3/ CLEAN ENERGY
Name Budget Potential Impact
Cumulative Impact To-Date
Last Quarter (Update) Next Quarter (Target)
Multifamily
Retrofits (TE and
BE)
$12.5M
300 to 1,000 MF AH
units electrified
1 site completed (120
units)
2 multifamily sites in
construction (130 units)
Prepared for permit
submission at 2 sites.

Start construction at 2 sites.

Start outreach to enroll 2
more sites.

EV Charging
Incentives
$11.4M
80 MUDs with EVI
(720 ports)
4,000 L1/L2
chargers at
affordable housing
28 sites completed
(264 L1/L2 ports)
30 MUD active
reservations (269 ports)
Prepared for program
expansion and previewed
budget reallocation proposal
to the Executive Committee.

Expand program to include
workplace and public
charging, simplified
rebates.

Full-Service
Home Upgrades
$11.4M
600 single-family
homes electrified
Completed installations in
20 homes
Completed 5 installations.
33 projects signed in Q4
due to expiring tax
credits.

Start door-to-door
canvassing to increase
program awareness and
participation.

Home Rebates $14.45M
2,800 homes
fully/partially
electrified
2,942 homes fully/partially
electrified
Exceeded target for the
quarter. Continued Salesforce
transition.

Hit 3,400 claims. Launch
Los Altos and Sunnyvale
rebates; relaunch Mountain
View rebates.

Electrification
Rate Discount
$9.5M
5,000 customers
enrolled
5,500 enrolled in pilot,
before SVCE closed v1 in
July 2025 (v2 coming in
2026)
E-ELEC 2.0 rate pilot
program development. Board
approved EV rate pilot
program with $1.5M budget.

Finish pilot program rate
schedules and bring to
Board. Develop pilot design
and implement.

Member Agency
Grants
$6.5M
21 member agency
projects focused on
community
engagement and
decarb
Selected 8 projects for
competitive grant and 12
noncompetitive grant
projects
Executed 8 grant agreements
for competitive grant, and
approved 12 noncompetitive
grant projects
Execute grant agreements
with remaining agencies
Zero Interest
Financing Pilot
$5.2M
200 customers
finance electrification
All target customers
contacted and 5 executed
loan agreements
First batch of loan
agreements executed.

Merged customer journey
with FSHU to improve
customer experience
40 new loan agreements
executed & launch
solar/storage offering
Community
Energy
Resilience
$5.15M
13 agencies complete
projects, 15 total
projects
9 completed agency
projects
4 projects in progress, 2
shelved
Closeout remaining
projects
C&I
Decarbonization
Program
$5M
8,000 metric tons of
CO2e removed
through carbon
saving measures
16 customers enrolled Hosted workshop #3.

Finish M&V and energy
models for projects. Host
workshop #4.

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

Quarterly Report
View our active rebates here.
1 DEC 25
Item 1e
Attachment 1
0 SILICON VALLEY

CLEAN ENERGY
Name Budget Potential Impact Cumulative Impact To-Date Last Quarter (Update) Next Quarter (Target) Decarbonization
Demonstration
Grants
$3.2M
7 local public facing
electric projects
2 projects complete
2 projects shelved due to
logistical constraints and
staffing constraints.

Monitor and reimburse
remaining 3 projects as
they move to completion.

Permit
Modernization
$3.2M
13 member agencies
improve
electrification
permitting
Permitting agencies have
action plans. All agencies have
reduced barriers for heat
pump water heaters and many
offer expedited permitting.

All 13 agency action plans
in place. Work underway in
many agencies: expediting
permitting, training staff,
and educating customers
on prewiring.

Continue deploying
resources in all member
agencies. Begin laying
groundwork for a
contractor certification
program.

Emergency
Water Heater
Replacement
$2.6M
700 emergency
water heaters
upgraded
12 emergency water heater
installations completed
6 emergency water heater
installations completed.

Implement program
process improvements and
start marketing.

CALeVIP 1.0 $2.5M
85 DCFC
installed
1,100 L2 installed
26 DCFC installed
338 L2 installed
One reserved application
remains. Program end date
extended to July 2026.

Make payments for 1 project
when completed. Final
report.

Customer
Resource Center
(eHub)
$2.1M
800K email
opens
100K unique web
visits
1M email opens (50% open
rate)
345K unique web visits
13K Unique Visits, 172K
Unique Opens.
75K Unique Visits, 250K
Unique Opens. Launch
Appliance Marketplace
promotion.

Existing Building
Policy
Experimentation
$1.9M
Spur action on
building
electrification and
reduce building gas
combustion
Existing building policies are
now understood and
momentum is building for
implementing various
activities to address them.

Four additional agencies
adopted existing building
code amendments.

Support two more agencies
with ordinances for
adoption. Consider other
ordinances as needed such
as local building
performance standards.

Contractor
Training
$1.7M
300 contractors
trained
500 graduate
incentives
371 contractors completed
training
476 approved graduate
incentive claims
Completed 25 more
trainings and gave out 157
bonuses.

Update modules to reflect
more rates education and
more email marketing
tactics.

EV Rebates $1.5M
600 EV purchase
incentives for
income qualified
customers
339 rebates paid
Sponsored EV Expo at La
Ofrenda in Gilroy and
attended Sunnyvale Frunk-or-Treat event.

Continue EV education
campaigns and events.

Continue dealership
outreach and engagement.

Programs
Marketing Fund
$1M
4,500 new program
participants
Marketing for 12 programs.

Nearly 4,000 program
participants added. Analytics
dashboard completed.

Customer.io tested. Nativa
multilingual campaign
executed. Citizen Group
Kick-off.

Annual survey distribution
and analysis. First CG
marketing campaign for
ZIF. Start website refresh.

PROGRAMS PORTFOLIO
Active Programs
View our active rebates here.
2 DEC 25
Item 1e
Attachment 1

SILICON VALLEY

CLEAN ENERGY
Name Budget Potential Impact
Cumulative Impact To-Date
Last Quarter (Update) Next Quarter (Target)
GridShift EV
Charging and
Rebates
$973K
Bill/emissions savings
and load shifting
capacity
1,616 EVs enrolled
(incl. ChargeWise)
83 charger rebates
Sunset GridShift, ChargeWise,
and EV charger rebate program
December 2025. Started EM&V.

Continue EM&V work.

Go Electric
Advisor
$892K
3,600 customers use
hotline, 1,200 use tech
assistance, 350 use
electrification plans
2,978 customers use
service
581 new contacts. 77 non-program inquiries.

Add 600 new inquiries.

Add 75 non-program
contacts.

Business
Rebates
$750K 20-30 SMBs electrified
10 SMBs fully/partially
electrified
Completed 15 Site Assessments.

Awarded 1 new rebate.

Complete Site Assessment
Pilot Program. Award 2-4
new rebates.

EM&V $640K
Evaluate 80% of SVCE
programs within 2 years
of launch
11 reports completed
Began residential programs
EM&V customer survey.

Define EM&V scope for 4
additional programs.

SV Building
Electrification
Stronger
Together
$600K
Educate stakeholders
about building
electrification
42 stakeholders engaged
to date
Hosted fourth contractor focus
group. Program design working
group set to meet in next
quarter.

Select new contractor
focus group participants
and host first meeting.

Decarbonizati
on
Engagement
Grants
$442K
5 communities engage
residents on climate
action topics
3 projects complete 2 remaining projects closing out.

Monitor and reimburse
remaining 2 projects as
they move to completion.

Natural Gas
Phaseout
Feasibility
$300K
Complete 2 whitepapers
to inform local, regional,
and statewide policies
1 whitepaper (funding
requirements)
completed, technical
feasibility study shared
with Air District
Air District planning exemptions
in alignment with study’s
recommendations.

Post study on website,
monitor exemption
updates.

Fleet
Electrification
$300K
Complete fleet
electrification and
charger install planning
for 15 fleets
15 fleets in the program.
8 agencies have completed the
planning program. Remaining 7
agencies are actively proceeding.

Two more fleets complete
process.

Assisted
Home
Upgrades
(Rock Rabbit)
$190K
Pilot web app to help
homeowners/contractor
s to apply for multiple
incentives
simultaneously
110 projects created, 60
claims processed
Scaled enrollment. Integration is
operational with Salesforce.

Reach 100 claims. Get this
tool in front of a bigger
audience.

Innovation
Onramp (EV
Charging
Pilot)
$1M
Demonstrate innovative
and scalable solutions to
reduce the cost of EV
charging for MF
residents.
3 multifamily sites with
charging installed
All three vendors have
completed at least 1 EVSE
installation. Two vendors are
completing the MDMA software
process.

Complete MDMA process
with PG&E. Begin
implementation of
software for pilot users by
the end of Q1.

PROGRAMS PORTFOLIO
Active Programs
View our active rebates here. 3
DEC 25
Item 1e
Attachment 1
©

SILICON VALLEY

CLEAN ENERGY
Name Budget Potential Impact Last Quarter (Update) Next Quarter (Target) Community Grants $3.5M
Fund resiliency, engagement, and
decarbonization projects for
schools, community groups, and
non-profits
Fellow onboarded to design and
develop the grant and released RFP
for technical assistance for grantees.

Select technical assistance provider.

Neighborhood
Electrification
$1.5M
Test model to electrify buildings
within a community. Electrify 15
homes and set plans for 24 homes
Hosted meeting for prospective
resident hosts; collected additional
program feedback
Co-host an Amp the Block! event with
resident hosts.

Workforce
Development
Partnerships
$1.3M
Increase capacity to coordinate
and train skilled workforce for
residential electrification jobs
Continued workforce stakeholder
engagement.

Create new program design with
contractor focus group and
stakeholder input.

Demand Flexibility
and Virtual Power
Plant programs
$1M
Connectivity to flexible, customer-sided loads to enable bill savings, avoided generation and capacity
costs, reliability and carbon
benefits
Battery energy storage program
design underway. Completed internal
stakeholder workshop, and valuation
assessments of batteries.

Complete outreach with
manufacturers and aggregators, draft
program design documents, develop
contracts for storage and C&I DR.

E-Bike Rebates $500K 450 e-bikes
Program to be designed; progress
paused due to other priorities.

Begin program design process; target
launch in Q3 2026.

PROGRAMS PORTFOLIO
Planning
View our active rebates here. 4
DEC 25
Item 1e
Attachment 1

SILICON VALLEY

CLEAN ENERGY
10/22
12/22
2/23
4/23
6/23
8/23
10/23
12/23
2/24
4/24
6/24
8/24
10/24
12/24
2/25
4/25
6/25
12/25
$0
$2,000
$4,000
$6,000
$8,000
$10,000
Rebates claimed:

Current Level of $ Funds Reserved (in 000s)
0 20 40 60 80 100
Commercial business
Government
Multifamily
School/Nonprofit
Incentive program for L1 and L2 EV charging
infrastructure at multifamily properties
0 500 1000 1500 2000 2500
HPWH

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

Funds Claimed:

Ports Installed:

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

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

EV Charging Incentives
Number of Claims

PROGRAMS HIGHLIGHTS
5 $2.3M
$8.7M
$1.5M
257 L1/L2
Rebates reserved:
= 10 Installed EVSE Ports
Cumulative $ Funds Claimed to Date (in 000s)
Cumulative Applications
Completed Assessments
$1.15M
DEC 25
Item 1e
Attachment 1

SILICON VALLEY

CLEAN ENERGY
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12/21
6/22
12/22
6/23
12/23
6/24
12/24
3/25
7/25
10/25
12/25
0 200
400
600
800
300 Participants Complete
the Course (Phase 2)
Goal:

Funding: $1.5M
Completions
Contractor Training
Provide financial relief to contractors by
expanding their knowledge of electrification
technologies.
= 10 Participants Complete Course
688
Registrations
346
6 PROGRAMS HIGHLIGHTS
DEC 25
2/22
4/22
6/22
8/22
10/22
12/22
2/23
4/23
6/23
8/23
12/23
7/24
1/25
6/25
12/25
0 500
1000
1500
2000
GridShift EV Charging
Managed EV charging app that optimizes charging
to reduce associated costs and emissions.

Charger Rebates Issued: 83
Number of Enrolled EVs
1,616
Rebate Goal:
$30K
Goal:
120 EV Chargers
added to fleet
Item 1e
Attachment 1

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1/25 2/25 3/25 4/25 5/25 6/25 7/25 8/25 9/25 10/25 11/25 12/25 0 50,000
100,000
150,000
200,000
3,039 1,728 2,985 1,454 2,615
9,004 9,295
4,814 2,146 2,706 3,253 3,770 2,350
5,204 3,202 4,427
1,991 3,965 1,801
Web traffic increased

7.5x due to Power
Squad Ad Campaign
eHub 2.0 Report
Online customer resource center to enable
engagement, education and action related to clean
electricity, EVs and home electrification.

Unique Visits Return Visits
7 PROGRAMS HIGHLIGHTS
DEC 25
Item 1e
Attachment 1
SILICON VALLEY <3/ CLEAN ENERGY

MARKETING HIGHLIGHTS
DEC 25
8 Incentives Finder Recommendations Email
Campaign on Customer.io
Goal: Send customers a personalized and educational email that includes their specific electrification goals, recommended electrification actions, and SVCE offers and services tailored to the filters they provided or neglected to indicate on the Incentives Finder.

Customer Experience Impact: This personalized email nurture campaign is designed to meet customers at their electrification journey's current stage. When customers opt in for recommendations, we gain valuable insights into their interests. Leveraging this data allows us to deliver relevant resources directly aligned with their needs. This strategy fosters customer engagement and builds trust. By providing tailored support, we enhance their experience and satisfaction during the education and consideration phases of their decision-making process.

Item 1e
Attachment 1
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Up to $13,000 in Rebates for Home Appliances
Save thousands on a new heat pump water healer, heat pump KVAC, induction stove, and more. learn More
Home Upgrade Services
Up to $13,000in rebatesplus taiored installation support to upgrade your home with new. efficient electric appliances
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To help fight climate change and
reduce the reliance on fossil
fuels, transitioning to efficient
electnc equipment is crucial.

Installing an electric heat pump
water heater is a cost-effective
choice, while upgrading to an
energy-efficient heat pump
can help reduce
high energy bills by providing
both heating and cooling year-round. Additionally, consider switching to an induction
cooktop to improve air quality in
your kitchen and home. Each
upgrade not only creates a
healthier home but can also
receive up to $8,750 in rebates,
with income-qualified customers
potentially receiving an extra
Hello Valued Customer’ If you
need more time to choose the
upgrades that best fit your
needs, as your ocal not-for-profit electricity provider, we’ve prepared a comprehensive guide
to help you with the process.

SILICON VALLEY \3/ CLEAN ENERGY
Built Environment
Community Energy Resilience: Resources (grants) and tools for member agencies to increase individual and collective capacity to adapt to future power outages.

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

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

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

Electrification Rate Discount: Custom rate to promote building electrification.

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

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

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

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

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

Business Rebates: Incentives for projects at a handful of small and medium business properties.

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

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

Reach Codes 2.0: Provide model building energy codes supportive of all-electric design and EV infrastructure to member agencies along with consultant support. 10 GLOSSARY
DEC 25
Item 1e
Attachment 1
©

SILICON VALLEY

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

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

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

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

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

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

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

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

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

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

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

Grid Integration
11 DEC 25
Item 1e
Attachment 1
©

SILICON VALLEY

CLEAN ENERGY

Page 1 of 3 ends

Staff Report – Item 1f
Item 1f: Authorize the Chief Executive Officer to Execute an Amendment to the Renewable Power Purchase Agreement with ORNI 50 LLC and Any Necessary Ancillary Agreements and Documents to Extend the Term by Five Years, Increase the Capacity to 7.5 Megawatts and Set a New Not-to-Exceed Amount of $72,500,000 From: Monica Padilla, CEO
Prepared by: Zak Liske, Deputy Director of Power Resources Date: 2/11/2026

RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) delegate authority to the Chief Executive Officer (CEO) to execute in substantial form the first amendment to the Renewable Power Purchase Agreement (PPA) with ORNI 50 LLC (Attachment 1) and any necessary ancillary agreements and documents subject to the following parameters specified below.

Parameters:
• Geothermal energy delivered from Casa Diablo IV project eligible as Power Content Category One (PCC1);
• Power delivery term extended by 5 years to 15 years with an end date of 7/13/2037; • Increase contract capacity of 0.5 megawatts (MW) for new capacity of 7.5 MW; and • Increase the spending authority by $30,000,000 for a new not-to-exceed amount of $72,500,000 Execution of the amendment will help SVCE meet Resource Adequacy (RA) requirements, including Mid-Term Reliability (MTR) requirements for new clean capacity and the SVCE’s clean and Renewable Portfolio Standard (RPS) mandates.

BACKGROUND
The SVCE Board previously approved SVCE’s execution of the PPA at its January 8, 2020 meeting for a 10-year term and 7 MW of capacity. The project achieved commercial operation in July 2022.

In 2021 and 2023, as part of the 2020 IRP the CPUC issued through Decisions (D.) 21-06-035 and (D.) 23-02- 040—together, the Mid-term Reliability (MTR) Procurement Orders (MTR Orders)—requiring CPUC-jurisdictional load serving entities (LSEs), such as SVCE, to procure and/or develop a collective 15,500 MW of new capacity by 2031. SVCE’s total share of the MTR Order and Supplemental MTR Order is 317 MW, which was determined based on SVCE’s load ratio share of the CPUC’s jurisdictional load in the Pacific Gas and Electric transmission access area. Included within the MTR Orders is an identified need of 1,000 MW of Firm Clean Resources (FCR, i.e. geothermal). SVCE’s obligation is approximately 20.5 MW for FCR resources. SVCE’s procurement efforts to date are expected to fulfill most of the obligation for FCR resources, however an open position still exists.

ANALYSIS & DISCUSSION
The Casa Diablo IV (CDIV) project is a 31 MW binary geothermal facility located in Mono County, CA. When the project achieved commercial operation, it was the first new geothermal to meet that milestone in California in decades.

Item 1f
SILICON VALLEY \3/ CLEAN ENERGY
Agenda Item: 1f Agenda Date: 2/11/2026

Page 2 of 3 ends

Overview of Project
Project Name Casa Diablo IV, ORNI 50 LLC
Parent Company Ormat Technologies, Inc.

Technology Binary geothermal
Location Mono County, CA
Facility Size 31 MW
Proposed Revised Contract Capacity 7.5 MW (previously 7 MW) Contract Extension and Price Adjustment
The amendment will extend the term of the agreement by five years and increase the price starting later in 2026 for the remainder of the term. Since the original PPA was signed, the price for new geothermal in California has increased significantly as new geothermal is a much sought after resource. Staff was able to negotiate a blended rate to preserve benefit to SVCE ratepayers.

Mid-term Reliability Procurement Order & Resource Adequacy Capacity SVCE has made significant progress towards meeting its allocation in all tranches of procurement mandates per the MTR Orders. The amendment to the ORNI 50 LLC PPA will provide an additional 0.5 MW of capacity that can be counted toward the FCR requirement. SVCE’s position has some uncertainty given development risk of other projects, so staff finds it prudent to amend an existing PPA to provide additional MTR capacity.

Renewable Portfolio Standard and Clean Energy Goals
The CDIV project provides approximately 1.5% of SVCE’s overall clean resource needs. Extension of the PPA will continue to support that portfolio contribution for an additional five years.

Other Portfolio Benefits
The CDIV project is used to support SVCE’s prepay green bonds which are 30-year commitments. The additional years of generation will help meet the future obligations of the prepay bonds.

ALTERNATIVE
SVCE can decide not to amend the PPA. This alternative is not recommended as geothermal is a limited resource with few opportunities to procure.

Additionally, SVCE can choose not to abide by the MTR Orders. Doing so would expose SVCE’s ratepayers to significant cost in the form of “back-stop” procurement undertaken by Pacific Gas & Electric and imposed on SVCE’s customers in addition to CPUC penalties imposed on SVCE.

Staff does not recommend either of these alternatives, as MTR-eligible and geothermal resources are scarce.

STRATEGIC PLAN
Execution of the amendment to the PPA with ORNI 50 LLC supports the goals of the Board adopted Strategic Plan including:

Strategic Focus Area 2: Expand Clean & Reliable Grid Actions • Goal 2: Long-term, target for 100% clean energy annually by building a balanced portfolio with consideration for both affordability and reliability while exploring long-term pathways to clean power supply.
• Goal 4: Acquire power supply resources in a cost-effective manner to meet legislative and regulatory obligations, Board directives and customer specific products. • Goal 5: Manage and optimize load and power resources to meet affordability, GHG reduction and reliability objectives.

Item 1f
Agenda Item: 1f Agenda Date: 2/11/2026

Page 3 of 3 ends

FISCAL IMPACT
Ultimate execution of the amendment will result in incremental cost to SVCE starting in Fiscal Year 2026-27, which will be included in the budget at that time.

ATTACHMENTS

1. First Amendment to Renewable Power Purchase Agreement Item 1f
Buyer Draft 1/27/2026

FIRST AMENDMENT TO RENEWABLE POWER PURCHASE AGREEMENT
THIS FIRST AMENDMENT TO RENEWABLE POWER PURCHASE AGREEMENT (“First Amendment”), dated as of January [•], 2026 (“First Amendment Effective Date”), is by and between ORNI 50 LLC, a Delaware limited liability company (“Seller”), and Silicon Valley Clean Energy Authority, a California joint powers authority (“Buyer”). Each of Seller and Buyer are referred to herein individually as a “Party” and collectively as the “Parties.” Capitalized terms used but not defined herein have the meanings assigned to them in the PPA (as defined below).

RECITALS
A. The Parties entered into that certain Renewable Power Purchase Agreement, dated January 8, 2020 (the “PPA”).

B. The Parties desire to amend the PPA to extend the Delivery Term by five (5) years at a new Contract Price that would take effect on October 1, 2026, to increase the Contract Capacity by one half (0.5) MW as of October 1, 2026, to make certain related changes as set forth herein, and to update Exhibit N of the PPA.

NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the Parties agree as follows:

SECTION 1. Effectiveness of Amendments. The amendments set forth in Section 2 are effective as of the First Amendment Effective Date.

SECTION 2. Amendments.
a. In the Cover Sheet to the PPA, the “Description of Facility” is amended to replace “30 MW” with “31 MW”.
b. The Cover Sheet to the PPA is amended to delete the text “Delivery Term: Ten (10) Contract Years.” in its entirety and to replace such text with the following text: “Delivery Term: Fifteen (15) Contract Years.”
c. The Cover Sheet to the PPA is amended to delete the table shown under “Expected Energy” in its entirety and to replace such table with the following table:

Contract Year Expected Energy (MWh)
1 2
3 4
5 6
7 8
9 10
11 -2-
12 13
14 15
d. The Cover Sheet to the PPA is amended to delete the text “Contract Capacity: 7 MW” in its entirety and to replace such text with the following text:
“Contract Capacity: The Contract Capacity shall be 7 MW through 11:59 PM Pacific Daylight Time on September 30, 2026 and shall be 7.5 MW on and after 12:00 AM Pacific Daylight Time on October 1, 2026.”
e. The Cover Sheet to the PPA is amended to delete the text and the table following “Contract Price” and to replace such text and table with the following text:
“The Contract Price of the Product shall be
through 11:59 PM Pacific Daylight Time on September 30, 2026 and shall be on and after 12:00 AM Pacific Daylight Time on
October 1, 2026.”
f. In Section 1.1 of the PPA, the definition of “Total Facility Capacity” is amended to replace “thirty (30) MW” with “thirty-one (31) MW”.
g. Exhibit A to the PPA is amended to delete the text “Contract Capacity: 7 MW (net, at the Delivery Point), as the same may be adjusted pursuant to Section 4 of Exhibit B” in its entirety and to replace such text with the following text:
“Contract Capacity: 7 MW (net, at the Delivery Point) through 11:59 PM Pacific Daylight Time on September 30, 2026 and 7.5 MW (net, at the Delivery Point) on and after 12:00 AM Pacific Daylight Time on October 1, 2026”
h. Exhibit A to the PPA is amended to delete the text “Total Facility Capacity: 30 MW (net, at the Delivery Point)” in its entirety and to replace such text with the following text: “Total Facility Capacity: 31 MW (net, at the Delivery Point)”
i. In Exhibit C to the PPA, Section (c)(i) is revised to add the text shown below in bold and double-underlined text:
(i) exceeds one hundred five percent (105%) but is less than or equal to one hundred fifteen percent (115%) of the Expected Energy for such Contract Year, the Contract Price applicable to such Delivered Energy and Deemed Delivered Energy in excess of one hundred five percent (105%) but less than or equal to one hundred fifteen percent (115%) of the Expected Energy for such Contract Year will be (A)
through 11:59 PM Pacific Daylight Time on September 30, 2026 and (B) on and after 12:00 AM Pacific
Daylight Time on October 1, 2026;
j. Exhibit N is updated to replace the “All Notices” addresses for Seller as follows:

ORNI 50 LLC (“Seller”)
All Notices:
-3-
Street: 6884 Sierra Center Parkway
City: Reno, Nevada 89511
Attn: CEO
Phone:

Facsimile:

Email:

With a copy to:

Street: 6884 Sierra Center Parkway
City: Reno, Nevada 89511
Attn: Asset Manager
Phone:

Facsimile:

Email:
k. Exhibit N as it pertains to Buyer is deleted in its entirety and replaced with the following:

Silicon Valley Clean Energy Authority (“Buyer”)
All Notices:
333 W. El Camino Real, Suite 330
Sunnyvale, CA 94087
Attn: Monica Padilla, CEO and Kris Van Vactor, Director of Power Resources
Phone:

Email:

Reference Numbers:

Duns:

Federal Tax ID Number:

Invoices:

Attn: Power Supply Group
Phone:

Email:

Scheduling:

Attn: Tenaska
Team Email:

Attn: 24x7 Operations Desk
Phone:

Email:

Attn: Adam Cochran, Manager, Operations
Phone:

Email:

Attn: Paul Messmann, Senior System Operator
Phone:

Email:

Outage information:

Resource testing information:

Confirmations:

Attn: Kris Van Vactor, Director of Power Resources
-4-
Phone:

Email:

Payments:

Attn: Finance Group
Phone:

Email:

Wire Transfer:

BNK: River City Bank
ABA:

ACCT:

With additional Notices of an Event of Default to:

Michael Callahan, General Counsel
Email:
and to:

Attn: Kris Van Vactor, Director of Power Resources
Email:

Attn: Amrit Singh, CFO/Director of Administrative Services Email:

With a copy to:

Hall Energy Law PC
Attn: Stephen Hall
Phone:

Email:

Emergency Contact:

Attn: Kris Van Vactor, Director of Power Resources
Phone:

Email:

SECTION 3. Performance Security Increase. No later than October 1, 2026, in connection with the Contract Capacity increase from 7 MW to 7.5 MW, Seller shall increase the amount of Performance Security delivered to Buyer by
SECTION 4. Limited Assignment Agreements. Pursuant to Section 19.11 (Further Assurances), Seller agrees to work in good faith with Buyer to negotiate and enter into requested amendments to the Parties’ existing limited assignment agreements, with such agreement and execution not to be unreasonably withheld, conditioned or delayed.

SECTION 5. Miscellaneous.
a. Entire Agreement. This First Amendment, together with the PPA as amended by this First Amendment, contains the entire understanding concerning the subject matter herein and supersedes and replaces any prior negotiations, discussions or agreements between the Parties concerning that subject matter, whether written or oral, except as expressly provided herein. b. PPA Not Otherwise Affected. Except as expressly set forth herein, all of the terms and conditions of the PPA are and shall remain in full force and effect and are hereby ratified and confirmed in all respects; provided that the event of a conflict between the provisions of this First Amendment and the provisions of the PPA, the provisions of this First Amendment shall control. The execution and delivery of, or acceptance of, this First Amendment and any other documents and instruments in connection herewith by either Party shall not be deemed to create a course of dealing or otherwise create any express or implied -5-
duty by it to provide any other or further amendments, consents, or waivers in the future, or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Parties under, the PPA. c. Costs and Expenses. Each Party shall be responsible for any costs and expenses incurred by such Party in connection with the negotiation, preparation, execution and delivery of this First Amendment and any other documents to be delivered in connection herewith. d. Governing Law. This First Amendment and the rights and duties of the Parties hereunder shall be governed and construed, enforced and performed in accordance with the laws of the state of California, without regard to principles of conflicts of Law. To the extent enforceable at such time, each Party waives its respective right to any jury trial with respect to any litigation arising under or in connection with this First Amendment.
e. Interpretation. This First Amendment is the result of negotiations between and has been reviewed by counsel to each of the Parties and is the product of all of the Parties. Accordingly, this First Amendment shall not be construed against either Party merely because of such Party’s involvement in the preparation hereof.
f. Counterparts. This First Amendment may be executed by one or more of the Parties on any number of separate counterparts, by facsimile or electronic mail, and all of said counterparts taken together shall be deemed to constitute one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signatures are physically attached to the same document. A facsimile or portable document format (“.pdf”) signature page shall constitute an original for all purposes hereof.
g. Headings. The Section headings used herein are for convenience of reference only, are not part of this First Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this First Amendment.
h. Severability. Any provision of this First Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition of unenforceability without invalidating the remaining provisions hereof, and any such prohibition of unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. The Parties shall, however, use their best endeavors to agree on the replacement of the void, illegal or unenforceable provision(s) with legally acceptable clauses which correspond as closely as possible to the sense and purpose of the affected provision and this First Amendment as a whole. i. Enforceability. This First Amendment shall be enforceable by and binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. [Signature Page Follows]
IN WITNESS WHEREOF, the Parties have caused this First Amendment to be executed and delivered as of the First Amendment Effective Date.

ORNI 50 LLC,
a Delaware limited liability company
By:

Name:

Title:

By:

Name:

Title:

Silicon Valley Clean Energy Authority,
a California joint powers authority
By:

Name:

Title:

Approved as to form:

By:

Name:

Title:

Page 1 of 2 ends

Staff Report – Item 1g
Item 1g:

From:

Prepared by:

Date:

Authorize the CEO to Execute an Agreement with CLEAResult to Provide Technical Assistance Services for the Community Grants Program with a Not-to-Exceed Amount of $300,000
Monica Padilla, CEO
Zoe Elizabeth, Director of Decarbonization, Policy, and Community Strategies Jessica Cornejo, Decarbonization and Community Strategies Lead Alison Maas, Community Grants Fellow
2/11/2026

RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) authorize the Chief Executive Officer to finalize and execute an agreement with CLEAResult for Technical Assistance services (Attachment 1) in support of the Community Grants Program in an amount not-to-exceed $300,000, for a term of four years.

BACKGROUND
In March 2024, the Board approved $10 million in community grants (SVCE Board of Directors Meeting, March 13, 2024, Item 5) to support building and transportation electrification, energy resilience, and community engagement projects. The program is divided into three areas: 1) Noncompetitive Member Agency Grants ($3 million), 2) Competitive Member Agency Grants ($3.5 million), and 3) Competitive Community Grants ($3.5 million) for Community Organizations. Each member agency was awarded a noncompetitive allocation that can be used for a variety of projects that support building or transportation electrification, energy resilience, or community engagement on these topics. Both the Noncompetitive and Competitive Member Agency Grants launched on October 30, 2024.

The Competitive Community Grants will launch in the Spring of 2026. The Community Grants program will provide funding for Schools ($2.2 million) and Community Organizations such as nonprofits, faith-based groups, and community-based organizations ($1 million) to support projects that address building and transportation electrification and energy resilience. SVCE has dedicated funds for community organizations in this grant cycle to build partnerships at a local level that will strengthen and sustain long-term decarbonization goals.

To expand accessibility, equity, and education for electrification and energy resilience projects, SVCE will provide an opportunity for all grant awardees to “opt-in” for Technical Assistance to support planning, developing, and implementing their projects. $300,000 has been allocated from the total $3.5 million to bring on a Technical Assistance Consultant to support the awardees for the full duration of the grant (projects to be completed by March 2030). This Technical Assistance Consultant will work with grant awardees to develop building electrification and building energy resilience projects. For electric vehicle (EV) and associated infrastructure projects, Technical Assistance support will be offered through SVCE’s Electric Vehicle Technical Assistance Program, which is anticipated to relaunch in 2026.

In alignment with this program design, staff issued a request for proposals (RFP) to procure a Technical Assistance Consultant on November 17, 2025 (RFP here). Staff received seven proposals on January 6, 2026, Item 1g
SILICON VALLEY \3/ CLEAN ENERGY
Agenda Item: 1g Agenda Date: 2/11/2026

Page 2 of 2 ends

and interviewed two firms between January 23 and January 26, 2026. After a competitive review process, staff identified CLEAResult as the most qualified Consultant to provide grant awardees with technical assistance, capacity building, and program support.

ANALYSIS & DISCUSSION
In May 2025, SVCE staff conducted a survey directed toward schools and community organizations to gauge interest in and experience with electrification projects. The survey results revealed that approximately half of the respondents were only “somewhat familiar” with decarbonization, a finding consistent across stakeholder segments, including environmental sectors. Most respondents, primarily community-based organizations, indicated that they would need support to implement electrification projects. Schools, however, more often indicated that they would need less support but more funding for capital projects. Based on these findings, SVCE staff determined that schools and community organizations have differing capacities to implement electrification projects.

Staff incorporated a Technical Assistance component into the program in response to these differing capacity needs to provide hands-on support for all grant awardees that indicated interest and a need for such assistance. The Technical Assistance component was designed to ensure that organizations receive the guidance necessary to successfully complete their projects. Staff conducted a competitive solicitation process and received seven proposals in response to the Technical Assistance for Community Grants Program RFP. The key evaluation criteria included:
• Proposed Team & Team’s Experience
• Technical Approach & Expertise with Relevant Technologies • Completeness of Proposed Solution
• Responsiveness to Awardee Organizational and Project Needs Staff, along with an external reviewer, assessed the proposals for completeness and scored them against these evaluation criteria. Four proposals were shortlisted, and of those, two were invited to participate in an in-depth virtual interview. Following the interviews, staff selected CLEAResult based on their demonstrated experience, capacity to address the specific needs of Schools and Community Organizations, and ability to carry out the work as outlined in the RFP.

STRATEGIC PLAN
The grant programs are in direct support of SVCE’s overall mission and directly support 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
Do not authorize the selection of CLEAResult and approval of the presented contract. In this case, staff would need to either select another short-listed vendor or issue a new solicitation to secure technical support services for grant awardees. This would result in a delay to the grant timeline to accommodate the new solicitation and onboarding of a different vendor.

FISCAL IMPACT
The Board of Directors previously approved $10 million for member agency and community grants. $3.5 million has been dedicated to support the Community Grants Program and $300,000 will be used to cover services related to the Technical Assistance vendor. Therefore, the services covered by this contract are already allocated in the existing budget, and approval will not result in any fiscal impact.

ATTACHMENTS

1. Draft agreement with CLEAResult
Item 1g
1/2024 Version 1.0

AGREEMENT BETWEEN THE SILICON VALLEY CLEAN ENERGY AUTHORITY AND
CLEARESULT CONSULTING INC.

FOR

TECHNICAL ASSISTANCE FOR

COMMUNITY GRANTS PROGRAM
THIS AGREEMENT (“Agreement”), is entered into the last date of signature (the “Effective Date”) by and between the SILICON VALLEY CLEAN ENERGY AUTHORITY, an independent public agency, ("Authority"), and CLEARESULT CONSULTING INC., a Texas corporation whose address is 6504 Bridge Point Parkway, Suite 425, Austin, TX 78730 (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 implementation services for commercial and industrial decarbonization strategic energy management program upon the terms and conditions herein.

NOW, THEREFORE, the Parties mutually agree as follows:

1. TERM
The term of this Agreement shall commence on the Effective Date and shall terminate on December 31, 2030, unless terminated earlier as set forth herein.

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

3. COMPENSATION TO CONSULTANT
Consultant shall be compensated for services performed pursuant to this Agreement in a total amount not to exceed three hundred thousand ($300,000) based on the rates and termsset forth in Exhibit "C," which is attached hereto and incorporated herein by this reference.

Item 1g
Attachment 1
1/2024 Version 1.0

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

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.

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

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

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

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

Item 1g
Attachment 1
1/2024 Version 1.0

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 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 reasonably acceptable to Indemnitees , and shall pay all costs and expenses, including all attorneys’ fees and experts’ costs actually and reasonably incurred in connection with such defense. Consultant shall reimburse the Indemnitees for any and all reasonable legal expenses and costs incurred by Indemnitees in connection therewith, except that Consultant shall not reimburse the Indemnities for any costs relating to shadow legal counsel that Indemnitees retain independently. Notwithstanding the foregoing, should Consultant fail to defend the Indemnitees or should Indemnitees be required to hire legal counsel to preserve its legal rights, such legal expenses and costs incurred by Indemnitees in connection therewith shall be borne by Consultant.

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 Item 1g
Attachment 1
1/2024 Version 1.0
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
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. Consultant shall provide thirty (30) days’ advance written notice to the Authority by certified mail, Attention: Chief Executive Officer" of any cancellation or modification impacting compliance with the insurance required by tis section. 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 Item 1g
Attachment 1
1/2024 Version 1.0
that any available insurance proceeds broader than or in excess of the specified minimum Insurance coverage requirements and/or limits shall be available to the additional insureds. Furthermore, the requirements for coverage and limits shall be the minimum coverage and limits specified in this Agreement, or the broader coverage and maximum limits of coverage of any insurance policy or proceeds available to the named insured, whichever is greater.

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

Consultant and its officers, employees, associates and subcontractors, if any, shall comply with all conflict of interest statutes of the State of California applicable to Consultant’s services under this Agreement, including the Political Reform Act (Gov. Code § 81000, et seq.) and Government Code Section 1090. During the term of this Agreement, Consultant may perform similar services for other clients, but Consultant and its officers, employees, associates and subcontractors shall not, without the Authority Representative’s prior written approval, perform work for another person or entity for whom Consultant is not currently performing work that would require Consultant or one of its officers, employees, associates or subcontractors to abstain from a decision under this Agreement pursuant to a conflict of interest statute. Consultant shall incorporate a clause substantially similar to this section into any subcontract that Consultant executes in connection with the performance of this Agreement. Consultant understands that it may be required to fill out a conflict of interest form if the services provided under this Agreement require Consultant to make certain governmental decisions orserve in a staff Authority, as defined inTitle 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 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, Item 1g
Attachment 1
1/2024 Version 1.0
automobile and professional liability insurance in substantial conformity to the insurance carried by Consultant. In addition, any work or services subcontracted hereunder shall be subject to each provision of this Agreement.

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

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

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

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

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

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

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

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. Upon reasonable advance notice, Consultant shall provide escorted 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 Item 1g
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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. Keri Macklin (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.

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. Authority agrees that all proprietary and confidential business information and trade secrets of Consultant (collectively “Confidential Information”) received by Authority in connection with this Agreement and clearly marked as “Confidential” or “Proprietary ” are deemed confidential; however, 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 may disclose without breach of this Agreement the portion of the Confidential Information that was requested 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 Item 1g
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receipt of further direction from the Authority.

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. The Parties’ covenants under thissection 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:

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

CLEAResult Consulting Inc.

Attention: Legal Department
2000 SW First Ave, Suite 220
Portland, OR 97201

19. TERMINATION
In the event Consultant or Authority fail or refuse to perform any of the provisions hereof at the time and in the manner required hereunder, that Party shall be deemed in default in the performance of this Agreement. If the defaulting Party fails to cure the default within the time specified (which shall be not less than 20 days) and according to the requirements set forth in the notifying Party’s written notice of default, and in addition to any other remedy available to the notifying Party by law, the notifying Party may terminate the Agreement by giving the defaulting party 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 thirty (30) 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.

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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.

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 or by Consultant 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.

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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.

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, pandemic, 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
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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.

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

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

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

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

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

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

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

RECOMMENDED FOR APPROVAL
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Authority Clerk
CLEAResult Consulting Inc.

By:

Name: Rebecca Troutfetter

SILICON VALLEY CLEAN ENERGY

AUTHORITY
A Joint Powers Authority
Title: Vice President of Engineering
and Corporate Impact
By:

Date: Name: Monica Padilla
Title: Chief Executive Officer
Date:

APPROVED AS TO FORM:

ATTEST:

Counsel for Authority
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Exhibit A
Scope of Work
Tasks. Consultant shall perform the following in order to implement the Technical Assistance For Community Grants Program (“Program”)
Task Number Description
Task A. Administrative The Consultant shall coordinate closely with SVCE throughout the engagement to ensure effective planning, communication, and delivery of the Program. The Consultant will participate in a kickoff meeting with SVCE to review objectives, budget, timeline, administrative processes, and contractual requirements. The Consultant shall also participate in any required screening calls and provide informed feedback on project suitability; for selected projects, this call will serve as the initial kickoff.

The Consultant will establish recurring meetings with awardees at a frequency appropriate to each project’s needs. The Consultant shall provide SVCE with monthly progress updates, as well as project‑specific progress reports at key milestones.

At project completion, the Consultant shall provide a final report summarizing the technologies installed and other required outcomes.

Deliverables:
• Kickoff Meeting: Attend an initial kickoff meeting with SVCE to review objectives, schedule, and requirements.
• Screening / Project Calls: Participate in screening calls and provide suitability feedback; serve as kickoff for approved projects. • Recurring Awardee Meetings: Hold ongoing meetings with awardees based on project needs.
• Monthly Progress Reports: Provide monthly updates to SVCE on activities, status, and issues.
• Milestone Reports: Submit 1–2 project‑specific progress reports at key milestones.
• Mid‑Grant Check‑In (as requested): Meet with SVCE to review progress and address challenges.
• Final Report: Deliver a brief summary report at project completion, including installed technologies.

Task B.1 Site Assessment
and Feasibility Analysis
The Consultant shall perform project‑specific technical assessments to evaluate the feasibility of proposed electrification, solar, storage, and efficiency upgrades. Working with the participant, the Consultant shall Item 1g
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review existing systems and identify opportunities to replace or upgrade equipment with all‑electric alternatives.

The Consultant may conduct either onsite assessments or remote walk‑throughs, depending on project needs. Assessments may include:
• Reviewing historic and current energy usage and utility data. • Collecting basic building information, including operating hours, equipment conditions, and usage patterns.
• Assessing electrical panel capacity and identifying electrical infrastructure constraints or upgrading needs.
• Identifying opportunities for energy system improvements. • For solar and battery storage evaluations: reviewing rooftop condition, identifying viable installation areas, checking for shading or obstructions, assessing system feasibility
• Participate in calls with program participants to define the scope of technical design and planning services.

Deliverables:
• Consultant shall prepare and deliver a written summary or report to both the awardee and SVCE summarizing findings,
recommendations, and estimated project costs.

Task B.2 Advisory Support
for Design, Planning,
Contractor Bidding, and
Funding
Task B.2 – Advisory Support for Design, Planning, Contractor Bidding, and Funding
The Consultant shall serve as a technical advisor throughout the design and early development phase of each project, including contractor selection and construction planning.

Advisory services may include:
• Reviewing or suggesting equipment lists and providing cost estimates with itemized details.
• Offering guidance on potential equipment locations and recommendations for all‑electric appliances and systems. • Assisting with analysis of historical utility usage and projected load changes for electrification, solar, and storage sizing. • Providing contractor references when appropriate.
• Guiding awardees toward relevant state, federal, or independent funding opportunities.

Deliverables:

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• Technical Advisory Support throughout design and
pre‑construction, including assistance with documentation needed to move toward permit‑readiness and responses to awardee questions.
• Recommendations for External Funding Opportunities applicable to the project.

Task C Project
Implementation Support
The Consultant shall provide limited technical support during project implementation, including assisting awardees with competitive bid processes, reviewing contractor proposals, and offering feedback as requested. The Consultant may also support permit package review, compliance checks, and progress tracking but will not oversee contractor installation.

Deliverables:
• Facilitation of bid support or processes and proposal review • Periodic check‑ins with the awardee during implementation • Final installation support, including a brief memo to SVCE if requested
Task D Project completion
and education support
(within the scope of TA)
The Consultant shall provide education and outreach support upon request from the awardee. This may involve drafting technical guidance documents, short memos, or presentations summarizing project components, equipment installed, and final system layout. The Consultant may also be asked to provide basic post‑installation guidance, including training facility staff in proper operation and maintenance of new equipment.

Deliverables
• Support awardees in developing final project reports
• Prepare general technical guidance, training, or summary materials for education and outreach for facilities and/or management staff
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Exhibit B
Schedule of Performance
This schedule may be modified with the email approval of the Authority.

Successful delivery of the Community Grants Program requires clear roles and consistent communication among SVCE, the consultant team, and program participants. Table 4 outlines key responsibilities and coordination pointsto ensure alignment, accountability, and smooth execution throughout the project lifecycle.

Table 4: Expected Roles & Responsibilities by Organization CLEAResult SVCE Community Organization
▪ Programmatic support
leads (Task A & D)
▪ Technical engineering
and construction
management leads
(Task B& C)
▪ Program Manager
(oversight, approvals)
▪ Facilities lead
▪ Finance/procurement
contact
▪ Executive leader and
program sponsor
The following workplan in Table 5 illustrates the typical steps and milestones for a participant who enrolls in March 2026 and requests full Technical Assistance across the complete scope of work. This example reflects our anticipated approach under SVCE’s Community Grants Program and demonstrates how we guide participants from kickoff through project completion. The timeline and activities will be fully customized based on participant needs, project complexity, and specific technical requirements.

Table 5: Typical Participant Workplan and Timeline
Activity Timing Description
Programmatic Start-up
Activities
February 2026 Develop standardized templates, project management tools, participation agreement, and secure document-sharing platforms for smooth coordination among SVCE, participants, and stakeholders.

Deliverables:
▪ Program Implementation Plan
▪ Participation Agreement
▪ Project Tracker and Management tools
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Activity Timing Description
Participant Enrollment March 2026 Develop scope of work in collaboration with Community Organization and SVCE. Participant signs
into the program and (if applicable) opts for Technical Assistance; SVCE later communicates the scope of
awarded projects and requested TA to the Consultant.

Deliverables:
▪ Participation agreement
▪ Scope of Work
▪ Initial data request
Kickoff & Program
Governance (Task A)
April 2026 Align objectives, roles, cadence, and document standards; set recurring touchpoints with the participant and SVCE; confirm reporting milestone. Deliverables:
▪ Kickoff agenda & notes
▪ Stakeholder list
▪ Project tracker (e.g., Asana board or other
tool)
▪ Secure document site (e.g., SharePoint)
Data Intake & Baseline Setup
(Task A)
April 2026 Gather utility interval data, BAS exports, equipment inventories, past audits and studies, and as‑built drawing to enable screening analyses and baseline definition.

Deliverables:
▪ Data intake checklist; baseline summary.

Site Assessment (Task
B.1)
May 2026 Conduct facility walkthrough(s) to understand O&M/RCx, capital, electrification, and resilience projects, document parameters, sequences, and constraints.

Deliverables:
▪ Field tool notes and summary
▪ Equipment inventory and photos
▪ Opportunity Register
Feasibility & Option Analyses
(Task B.1)
May 2026 –
June 2026
Evaluate candidate measures(e.g., heat pumps,
electrification, controls, solar + storage), staging options, and interdependence; size, sequence, and integrate with BAS/electrical.

Deliverables:
▪ Recommendations such as Good/Better/Best
options by ROI, carbon impact, and schedule
implications
▪ Participant review session and regular coaching
▪ Identify any and address any challenges or
constraints with the participant before design
phase
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Activity Timing Description
Design Advising &
Pre‑Construction
Support (Task B.2)
July 2026 –
August 2026
Translate selected options into permit‑ready scopes;
flag interconnection, permitting, and vendor
requirements early; coordinate specialist inputs (e.g., structural/electrical).

Deliverables:
▪ Draftscope of work
▪ Procurement package for vendors
Incentives, Grants &
External Funding (Task B.2)
July 2026 Identify eligible SVCE incentives and stackable rebates/grants; guide documentation and submissions
so participants maximize affordability—especially for
schools and CBOs. Deliverables:
▪ Additional funding recommendations
Procurement &
Competitive Bidding
(Task B.2 / Task C)
August 2026 –
September
2026
Run an impartial, competitive process(issue RFPs,
manage bidder Q&A, and evaluate proposals against
cost, quality, safety, and compliance criteria; provide award recommendation).

Deliverables:
▪ Recommendations of selected vendor
Implementation Support &
QA/QC (Task C)
October 2026 –
December
2029
Provide check‑ins, submittal reviews, and field QA/QC;
manage change orders against scope, schedule, and
objectives; keep SVCE informed at agreed progress
milestone
Deliverables:
▪ Regular client check-ins and reporting
Education, Outreach & Staff
Training (Task D)
October 2026 –
December
2029
Prepare accessible technical guidance, summary decks,
and final reports to support non‑technical audiences;
provide post‑installation staff training and O&M
guidance as requested.

Deliverables:
▪ Education materials; training checklist; staff
training sessions as requested; final report on
project impacts and metrics (technologies
installed, quantities, outcomes)
Closeout & Handoff
(Task A/D)
October 2029 –
December
2029
Closeout: Archive documents, deliver a concise final
summary to SVCE, and hand off as‑built information and
O&M materials; confirm any long‑term participant
reporting obligations Deliverables:
▪ Final report to SVCE; document archive;
lessons‑learned log
Project Conclusion January 1,
2030
Project and all contracts conclude
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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.

Compensation shall be calculated based on the hourly rates set forth below up to the not to exceed budget amount set forth below. This SOW is based upon time and materials charges, and Consultant will bill for authorized labor and expenses on a monthly basis. Hourly billing increments will be by the quarter hour. For example, only, Services of fifteen (15) minutes of time or fewer will be billed as fifteen (15) minutes, sixteen (16) to thirty (30) minutes will be billed as thirty (30) minutes, etc.

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

Below is the proposed rate schedule for this opportunity. This table assumes the final day of the contract is December 31, 2030, since the program is anticipated to end in 2030.

Table 1: CLEAResult Rate Schedule ($/hr.)
Position 2026 2027 2028 2029
Jr. Engineer $132.53 $136.50 $140.59 $144.82
Engineer $148.67 $153.13 $157.72 $162.46
Sr. Engineer $237.04 $244.16 $251.48 $259.03
Engineering Manager $222.66 $229.34 $236.21 $243.31
Engineering Director $285.63 $294.20 $303.03 $312.11
Associate Program Manager $153.03 $157.62 $162.35 $167.22 Program Manager $173.84 $179.06 $184.43 $189.96
Sr. Program Manager $196.65 $202.54 $208.62 $214.87
Program Director $252.27 $259.84 $267.63 $275.66
Operations Manager $153.03 $157.62 $162.35 $167.22
Sr. Operations Manager $222.66 $229.34 $236.21 $243.31
Associate $106.51 $109.70 $112.99 $116.38
Consultant $132.53 $136.50 $140.59 $144.82
Sr. Consultant $167.04 $172.04 $177.21 $182.52
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Invoices
Monthly Invoicing: In order to request payment, Consultant shall submit monthly invoices to the Authority describing the services performed and the applicable charges (including a summary of the work performed during that period, personnel who performed the services, hours worked, task(s) for which work was performed). Authority shall pay all undisputed invoice amounts within thirty (30) calendar days after receipt up to the maximum compensation set forth herein. Authority does not pay interest on past due amounts. Invoices will be sent to:

Silicon Valley Clean Energy
Attention: Jessica Cornejo
E-mail: [email protected]
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 as provided in this paragraph. 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.

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

A. COVERAGE:
(1) Workers' Compensation:

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

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

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

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

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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 their duties with respect to the Consultant program and who agree to be bound by the Item 1g
Attachment 1
1/2024 Version 1.0
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 required by Authority; (c) in the case of Confidential Information, at Authority’s sole Item 1g
Attachment 1
1/2024 Version 1.0
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.

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 Item 1g
Attachment 1
1/2024 Version 1.0
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.

Item 1g
Attachment 1

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Staff Report – Item 1h
Item 1h: Receive Executive Committee Report
To: Silicon Valley Clean Energy Board of Directors
Prepared by: Pat Showalter, Executive Committee Chair
Date: 2/11/2026
The Executive Committee (Committee) held its first meeting of the year on Friday, January 23, and selected me, Pat Showalter, to serve as Chair of the Committee and Elliot Scozzola to serve as Vice Chair. The Committee addressed the following topics at the meeting: selection of a regular meeting schedule for 2026, review of proposed changes to SVCE’s Hybrid Meeting Policy, and input on timing to solidify proposals of the community space at SVCE’s new headquarters.

Monica Padilla, Chief Executive Officer, Zoe Elizabeth, Director of Decarbonization Policy and Community Strategies, and Justin Zagunis, Director of Customer Success, provided a debrief from SVCE’s special meeting that took place on December 12, 2025 that addressed SVCE’s financial levers and the development of a decarbonization roadmap.

The Committee discussed a meeting schedule for 2026, ultimately voting to approve meetings the fourth Fridays of the month at 10:00 a.m., with the exception of February (start time of 2:00 p.m.), a summer hiatus in July, a September 18th meeting at 2:00 p.m., and a combined November/December meeting on December 4th. The meeting schedule can be found on SVCE’s website: 2026 Executive Committee Meeting Schedule
Michael Callahan, SVCE’s General Counsel, presented proposed changes to SVCE’s Hybrid Meetings Policy which would include incorporating accommodations for disability, including options for hybrid meetings, and amending the teleconference options (just cause and multijurisdictional remote meetings). Given many of these changes were a result of SB 707 (2025) which amended the Brown Act, the Committee asked many clarifying questions on what would vs. would not be permitted with the proposed amendments. The Committee also discussed the translation rules that were included in SB 707, which staff will assess. The Committee voted unanimously to support the proposed changes to the policy amendments, which will be presented for the Board’s consideration at the February board meeting.

Director of Decarbonization Policy and Community Strategies Zoe Elizabeth and Jessica Cornejo, Decarbonization and Community Strategies Lead, presented a request for the Committee to support staff’s request to return with a budget recommendation for the community space of SVCE’s headquarters in fiscal year 2027-2028 to allow for time to assess building usage post move-in, conduct a market study, and community needs assessment. The Committee voted unanimously to support this request.

Materials from this meeting can be found on SVCE’s website: SVCE Executive Committee Meeting, January 23, 2026
The next meeting of the Executive Committee will be held February 27, 2026 at 2:00 p.m.; materials will be posted no later than 72 hours in advance of the meeting.

Item 1h
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Staff Report – Item 1i
Item 1i: Receive Additional Committees Report
To: Silicon Valley Clean Energy Board of Directors
Prepared by: Andrea Pizano, Sr. Executive Assistant and Board Clerk Date: 2/11/2026
There are no reports for the Finance and Administration Committee and the Audit Committee, as they have not met since the last report. Both committees are expected to meet this month, February 2026. The 2026 Legislative Ad Hoc Committee has not yet met.

Materials for the Brown Act meetings will be posted 72 hours in advance of the meeting dates.

Item 1i
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Staff Report – Item 1j
Item 1j: Receive California Community Power Report
To: Silicon Valley Clean Energy Board of Directors
From: Monica Padilla, CEO
Date: 2/11/2026
Per direction from the Silicon Valley Clean Energy (SVCE) Board of Directors (Board) on December 9, 2020 for the Chief Executive Officer to provide a report of the ongoing activities of California Community Power (CC Power) after each of its meetings, this is to report CC Power held a regular board meeting on Wednesday, January 28, 2026.

Attached is a January summary report from General Manager Alex Morris; materials from the January board meeting can be found here on the CC Power website: CC Power Meeting, 1/28/26 The next meeting of the board will be February 18, 2026 at 1:00 p.m.; meeting materials can be found on the CC Power website: https://cacommunitypower.org/meetings/

ATTACHMENT

1. CA Community Power Board Meeting Summary from General Manager Alex Morris, January 28, 2026 Item 1j
SILICON VALLEY \3/ CLEAN ENERGY
Item 1j
Attachment 1
California Community Power
901 H St, Ste 120 PMB 157, Sacramento, CA 95814 | cacommunitypower.org TO: Board of Directors and Alternates DATE: 2/4/26
FROM: Alex Morris- General Manager
SUBJECT: Report on Regular Board of Directors Meeting - January 28, 2026 The California Community Power (CC Power] Board of Directors held a meeting on January 28, 2026, via Zoom. Details on the Board packet, presentation materials, and public comment letters can be found under the Meetings tab at the CC Power website: Meetings and Agendas - ca community power
Highlights of the meeting included the following:
• Consent Agenda - The Board approved the following item:
o Minutes of the Regular Board Meeting held on December 17, 2025 • Regular Agenda Items:
o Resolution 26-01-01-Approval ofHydrostor Project Phase 3 Agreements:The Board authorized CC Power to enter into contracts related to procurement of 50 MWs of Capacity from the Hydrostor Willow Rock project, a compressed air energy storage project in Kern County, CA. This project will provide long-duration energy storage capacity and some energy storage technological diversity (away from lithium-ion energy storage technology) forsix participating members. Participating members must also undergo an approval process from their own agencies to finalize this CC Power joint-procurement contract. Project commercial operation is required by 12/31/2030.
o Resolution 26-01-02-Approval ofThree Geothermal Exclusivity, Offtake, and Development Engagement (GEODE) Agreements. The Board authorized CC Power to enter into agreements for ‘exclusivity’ or‘right-of-first offer’ opportunities for geothermal capacity from three developers using advanced geothermal approaches to develop new geothermal projects. CC Power will enter into the contracts and then manage the contracts by working with developers and members.

These agreements are not Power-Purchase Agreements (PPAs) but are intended to create low-cost optionsfor future PPAs when the underlying projects mature. o Resolution 26-01-03 - 2026 Officers' Election: The Board elected officersfor 2026: Chair - Rob Shaw (3CE), Vice-Chair - Howard Chang (Ava), Treasurer/Controller - Mitch Sears, VCE, and Secretary - Monica Padilla (SVCE). o General Manager Report: Work is underway on an updated Strategic Plan, which will reflect the recently adopted Strategic Priorities. A draft updated Strategic Plan A Joint Powers Agency whose members are:

Ava Community Energy | Central Coast Community Energy | CleanPowerSF | Peninsula Clean Energy | Redwood Coast Energy Authority | San Jose Clean Energy | Silicon Valley Clean Energy | Sonoma Clean Power | Valley Clean Energy
Item 1j
Attachment 1
will be reviewed by the Board this Spring. A schedule for devlopingthe 2026-2027 work-planning and budget willstart in February and will include in-person meetings with all members. Outgoing 2025 Board Chair Lori Mitchell, as part of this, established a Budget Ad Hoc Committee, and incoming Chair Rob Shaw will determine the participating Board members. The Tumbleweed Energy Storage project will have its Ribbon Cutting on June 18th in Kern County. This project will be the first 8-hour lithium-ion battery project to come online in California. • Closed Session Agenda: the Board completed a Performance Evaluation of the General Manager. No reportable items occurred from the closed session. 2

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Staff Report – Item 2
Item 2: CEO Report
To: Silicon Valley Clean Energy Board of Directors
Prepared by: Monica Padilla, CEO
Date: 2/11/2026
REPORT
Staff Updates:

Liyang Wang joined SVCE as a Senior Forecasting and Planning Analyst on February 2nd. Liyang is currently finalizing her dissertation at UC Berkeley and will be a part-time member of staff until June when she will become fulltime. Liyang’s PhD research has focused on energy system planning under uncertainty. During her time at Berkeley she has worked as a Senior Research Associate at the Lawrence Berkeley National Laboratory. At SVCE Liyang will support development of load forecasts, integrated resource planning and related analyses.

Personnel Officer Update
Staff is in the process of preparing job descriptions to backfill the Deputy Board Clerk/Administrative Assistant and Director of Human Resources vacancies. Both positions are expected to be posted in February. Job descriptions and applications for these positions will be posted to SVCE’s website: Current Job Openings Power Resources & Clean Energy Update
For the clean position, current projections see SVCE ending at 103% for 2025. Looking forward, for 2026, SVCE is expected to be at 105% and for 2027 at 104%.

In mid-January the Aratina project started to commission its solar panels and battery cells. During this process that project delivers test energy out on the grid. This is a significant step in the development of the Aratina project bringing it one step closer to commercial operation. When fully on-line, Aratina will provide 80 MW of solar with 50 MW of storage, meeting about 6.6% of SVCE annual energy needs.

SVCE staff along with Chair Klein and Directors Tyson and Showalter visited PG&E’s Diablo Canyon Power Plant (DCPP) on February 6, 2026. The nuclear power plant has been in operation for decades and is slated to decommission at the end of the decade. SVCE’s customers, along with other California ratepayers, pay for this power plant to stay on-line and provide clean and reliable baseload energy to the grid. SVCE has been receiving carbon-free attributes from DCPP since 2020.

Attachment 1 provides a summary of clean energy procurement and development progress.

Budget and Financial Outlook Update
Treasurer’s Report: The Board packet includes the Treasurer’s report (Item 1b), which shows the Total Net Position increased to $532.2 million from $522.6 million reported in last month’s report. Staff will review the mid-year budget update with the Finance and Administration Committee this month and then with the Board in March 2026.

Item 2
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Agenda Item: 2 Agenda Date: 2/11/2026

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Customer Success Department Updates
SVCE to begin canvassing outreach in Milpitas
SVCE will be trying a new outreach tactic for the first time, working with a local non-profit partner, Breathe California, to canvas ~4,000 targeted single-family homes in Milpitas to promote the Full-Service Home Upgrades and Zero Interest Financing programs. This is being facilitated by the program implementation partner, Franklin Energy, which has seen success with this tactic in programs they have supported with other CCA partners.

Staff understands there are customer sensitivities with canvassers, so they have developed protocols and scripts to take extra care to address these common concerns, including ensuring folks are properly identified, transparent about the services being promoted, and not pushy about “selling” anything. The SVCE call center and customer service reps are aware of these planned activities, as well as Milpitas city staff.

Press and Media
Press Releases
• SV Clean Energy Implements 2026 Electric Generation Rates, Press Release, 1-14-26 Media Mentions
• Mountain View doubles money to offer $2k water heater rebates, Mountain View Voice, 2-3-26 Recent & Upcoming Events
February 27 – Joint Venture State of the
Valley
- Sponsorship, staff and BOD attending
- 8:30 a.m. – 12:30 p.m.
- SJSU Student Union 2nd Floor Ballroom,
One Washington Sq, San Jose, CA 95192
March 11 – MV Chamber Business Issues &
Public Policy Meeting
- Staff presentation
- 12 – 1:30 p.m.
- Zoom; email SVCE staff for registration
link
March 14 – Cupertino Rotary Club Home
Tours
- Sponsorship
- Time TBD
- Homes throughout Cupertino, Saratoga,
Los Altos, and Los Altos Hills
March (Date TBD) - SCCOE Environmental
Literacy Summit
- Sponsorship
- Time TBD
- SCCOE, 1290 Ridder Park Drive
San Jose, CA 95131
Regulatory & Legislative Update
Regulatory:

PCIA: On December 26, 2025, the CPUC issued a scoping memorandum for Track 2 to address one sole issue: the valuation of renewable energy credits ("RECs") banked by IOUs prior to 2019. These are RECs that IOUs are using for compliance currently, and the issue is whether these RECs should be valued at current market price benchmarks or some other valuation.

Integrated Resource Planning: One January 14th, 2026 the CPUC issued a proposed decision (“PD”) which would require load serving entities (“LSEs”) to procure an additional 6,000 MW of net qualifying capacity (“NQC”) by 2032. If adopted, SVCE’s share will be 125 MW. The order largely follows the rules and structure of prior procurement orders, including requiring all resources be incremental to the “baseline” resource list the CPUC has been using since 2021. Unlike previous orders, this PD caps the amount of batteries and LSE can procure to 50% of their total. This is due to a concern there will be insufficient generating capacity to charge the batteries.

Opening comments are due February 6, 2026. SVCE staff is working with CalCCA to draft comments.

Item 2
Agenda Item: 2 Agenda Date: 2/11/2026

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2026 PG&E ERRA Forecast Application: On January 12, 2026, CalCCA filed an Application for Rehearing ("Application") of D.25-12-027 (approving PG&E's 2026 ERRA Forecast Application), to which PG&E responded on January 27. The CPUC must respond by mid-March, otherwise the Application is deemed denied.

Legislative:

The state legislature reconvened on January 5, 2026, for the start of the second year of the two-year legislative session. On January 9, 2026, the Governor released his January Budget proposal, which kicks off the budget setting process at the state legislature. The Governor’s budget proposal projects a $2.9 billion deficit, which is significantly smaller than the $18 billion deficit projected by the Legislative Analyst’s Office. The Legislative Analyst's Office took a more conservative look at revenues and is predicting a burst of an AI bubble, which is not included in the Governor’s budget projections. Highlights on energy and climate funding include a proposal to use $322.5 million from Proposition 4, the Climate Bond, to support the new California Transmission Accelerator Revolving Fund and a new $200 million one-time fund to establish a light-duty zero emission vehicle program. The legislature has until June 15, 2026, to pass a budget for the Governor’s signature.

On the federal side, Congress passed several appropriation bills to keep the government funded. Part of the package is a $20 million increase in funding for the Low-Income Home Energy Assistance Program (LIHEAP), which assists low-income households with energy bills and weatherization.

Attachment 2 contains a summary of current regulatory proceedings and legislative initiatives SVCE staff is either participating in or monitoring.

New SVCE Headquarters
SVCE executed a contract with Beals Marting Inc for construction of the new headquarters building. Staff is awaiting the final permit from the City of Sunnyvale. Assuming no further delays on permitting, the project is on schedule. The estimated start date is February 16, 2026. Construction is scheduled to end in June and staff will begin working in the office in July.

Strategic Plan – FY 2025-2027 Quarter 1 Update
On September 10, 2025, the SVCE Board of Directors adopted the five Strategic Focus Areas and Strategic Plan for fiscal years 2025-2027. Attachment 3 provides the highlights of the accomplishments and progress on the Strategic Focus Areas and Strategic Plan for the first quarter, October – December 2025.

Look Ahead Update
Staff continues to plan for Board and committee meetings for the year. Below is a preview of what’s ahead for the Board from March through May 2026:

Item 2
Agenda Look Ahead: March - May 2026
March
11th: BOD Meeting
• Adopt Resolution Approving the Mid-Year
2025-26 Adjusted Operating Budget-Action
• Receive Audited Financial Statements-Action
• SVCE Financial Levers Update -
Discussion
April
8 th: BOD Meeting
• New Headquarters Update -Discussion
• Approve Power Purchase Agreement -
Action
• SVCE Decarbonization Roadmap
Update -Discussion
• Programs Impact Summary -January 1,
2025 to December 31, 2025 -
Informational
May
13th: BOD Meeting
• Integrated Resource Plan -Action
• SVCE Financial Levers Discussion and
Direction - Action
*Please note the items on this schedule may change
depending on priorities
Agenda Item: 2 Agenda Date: 2/11/2026

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Silicon Valley Clean Energy Board of DirectorsFebruary 11, 2026

Silicon Valley Clean Energy Board of Directors
February 11, 2026