• Subtitle
New SV Clean Energy
PowerPoint Template
SB 707: Brown Act
Updates and Changes
to Hybrid Meetings
Policy
Michael Callahan
February 11, 2026
Item 5
PRESENTATION
SILICON
CLEAN ENERGY
• Adding/Clarifying Remote
Meeting Options
• Traditional Brown Act (hybrid)
• Accommodations for Disabilities
• Remote Participation for Just Cause
• Multijurisdictional body/Remote
meetings (personal travel)
• Exploring But Not Adding
Optional Translation Rules
• Other Changes to Hybrid
Meetings
• Updating meeting location to
Sunnyvale Civic Center
• Added guidance for hybrid meetings
Brown Act was
revised with
SB 707 (2025)
2 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
• Location: Prefer regular meeting
location in appointing jurisdiction
as the publicly-noticed remote
location
• Public locations must join:
Have back-up plan so SVCE can
connect to your remote location if
you cannot attend
• Good connection: Consider not
using traditional rules if: (1) unsure
of internet connectivity; or (2) out
of the country
Added
Guidance for
Hybrid
Meetings
3 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
Recommended for Policy
• Hybrid meeting option (exists)
• Accommodations for Disability
• Remote Participation for Just Cause
• Multijurisdictional body/Remote
meetings
Not Recommended for Policy
• Subsidiary bodies
Remote
Meeting
Options
4 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
5 When to use each option
Hybrid
Standard SVCE
Meeting
All public
locations
Disability
(ADA)
Meet ADA
definition
Non-public
location (as
required)
Just Cause
Emergency,
Caregiving,
Non-ADA,
Official Service
Non-public
location
(2x/year max)
Multi-jurisdictional
Personal Travel
(+20 miles)
Non-public
location
(2x/year max)
Traditional Rules Alternative Rules
Item 5
PRESENTATION
• Location noticed on agenda;
agenda posted at location
• Location must be open to the
public at all times during the
meeting
• A quorum of the Board must exist
within the jurisdiction
• Limitations
• No limits on number of times per year
• Proposed changes as part of
SVCE's Hybrid Meeting Policy:
• Prefer regular meeting locations
• Avoid international travel and poor
connectivity
• Back up plan so remote location joins
Remote
Participation:
Hybrid –
Traditional
Rules
6 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
• “Disability” meaning
• As defined in the ADA
• Limitations
• Reasonable accommodations
Remote
Participation:
Americans with
Disabilities Act
(ADA)
7 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
• Can participate from a non-public
location up to twice (2x) per year
• Staff will track and report
• For “Just Cause”
• Physical or medical need (not ADA)
• Childcare or family caregiving
• Contagious illness
• Official travel
• Immunocompromised family
• Physical or family medical emergency
• Military service
• Additional Limitations
• Remote Member must participate via
both audio and visual technology
• Quorum at a single physical location
within jurisdiction
Remote
Participation:
Just Cause
8 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
• Can participate from a non
-public
location up to twice (2x) per year • Staff will track and report • Useful for travel, including
personal travel • Must participate at least 20 miles
(one way) from a public meeting
location
• Additional Limitations • Requires notice of remote
participation on agenda
• Remote Member must participate via
both audio and visual technology
• Quorum at one or more physical
locations within jurisdiction
Remote
Participation:
Multi-
jurisdictional
9 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
10 When to use each option
Hybrid
Standard SVCE
Meeting
All public
locations
Disability
(ADA)
Meet ADA
definition
Non-public
location (as
required)
Just Cause
Emergency,
Caregiving,
Non-ADA,
Official Service
Non-public
location
(2x/year max)
Multi-jurisdictional
Personal Travel
(+20 miles)
Non-public
location
(2x/year max)
Traditional Rules Alternative Rules
Item 5
PRESENTATION
Recommendation:
Adopt Resolution 2026-04 making changes to the General
and Administrative Policy 9: Hybrid Meetings (“Policy”) to incorporate changes from Senate Bill (SB) 707 (2025) and updating rules which includes:
• modifying participation rules under traditional
hybrid/remote participation
• allowing for remote participation for just cause;
• allowing for remote participation for multijurisdictional bodies; and
• including a reference to the option for accommodation under the ADA
Next Steps:
• Develop tracking and reporting to ensure compliance
• Evaluate and recommend further changes, if necessary
Request and
Next Steps
11 Item 5
PRESENTATION
SILICON VALLEY <3/ CLEAN ENERGY
12 Questions?
Item 5
PRESENTATION
1 • Subtitle
New SV Clean Energy
PowerPoint Template
Power Charge Indifference
Adjustment Primer
February 11, 2026
Item 6
PRESENTATION
February 11, 2026
SILICON VALLEY 3/ CLEAN ENERGY
Power Charge Indifference
Adjustment Primer
2 Agenda
1. Overview of the PCIA’s purpose and mechanics
2. PCIA’s impact to SVCE
3. Regulatory update
Note: this is an information -only item requiring no Board action. The purpose is to lay groundwork for a potential Board action in the future as required.
Item 6
PRESENTATION
Agenda
1. Overview of the PCIA’s purpose and mechanics
2. PCIA’s impact to SVCE
3. Regulatory update
Note: this is an information-only item requiring no Board action. The purpose is to lay groundwork for a potential Board action in the future as required.
3 • Subtitle
New SV Clean Energy
PowerPoint Template
PCIA Overview
Item 6
PRESENTATION
4 Regulatory Background
Regulatory Compact
Utilities receive:
reasonable
expectation of
cost -recovery.
In exchange for:
strict regulatory
oversight by the
Commission.
Item 6
PRESENTATION
Regulatory Compact
Regulatory Background
Utilities receive:
reasonable
expectation of
cost-recovery.
In exchange for:
strict regulatory
oversight by the
Commission.
4 5
History of California Utility Regulation
1900s: IOUs operate in
vertical monopoly,
controlling all assets and
owning much of the
generation fleet.
Early 2000s:
IOUs directed by CPUC/state
to procure expensive
renewable projects to
stimulate the market.
2017 -2022: As CCAs grow,
PCIA proceeding opened;
largely establishing
framework in place today.
2002: AB 117 passes, enabling
CCAs.
AB 117 requires the Commission
develop a cost -recovery mechanism
to prevent cost shifts between IOU
and CCA loads
Item 6
PRESENTATION
History of California Utility Regulation
1900s: lOUs operate in
vertical monopoly,
controlling all assets and
owning much of the
generation fleet.
Early 2000s:
lOUs directed by CPUC/state
to procure expensive
renewable projects to
stimulate the market
2002: AB117 passes, enabling
CCAs.
AB117 requires the Commission
develop a cost-recovery mechanism
to prevent cost shifts between IOU
and CCA loads
2017-2022: As CCAs grow,
PCIA proceeding opened;
largely establishing
framework in place today.
5 6
PCIA Overview
• The purpose of the PCIA is to ensure fair splitting of legacy utility costs between remaining customers and departed customers.
• Without the PCIA, remaining customers alone be responsible for resources procured on behalf of all customers.
• PCIA costs are determined
per “vintage” – the date
customers left utility service –
and consisting of the portfolio
for that vintage year and all
years prior.
Item 6
PRESENTATION
PCIA Overview
The purpose of the PCIA is to ensure fair splitting of legacy utility costs between remaining customers and departed customers.
Without the PCIA, remaining customers alone be responsible for resources procured on behalf of all customers.
PCIA costs are determined
per “vintage” -the date
customers left utility service -
and consisting of the portfolio
for that vintage year and all
years prior.
7 Power Resources – Not Just Energy
Illustrative Example
• When a utility enters into a power purchase
agreement with a solar farm, often it's
bundled: a contract for energy and
compliance products:
• Products purchased by utility per MWh:
• Energy
• Resource adequacy credits (reliability)
• Renewable energy credits (for
compliance with renewable portfolio
standard requirements)
• Hydroelectric resources: green -
house gas free credits
Item 6
PRESENTATION
Q) Power Resources - Not Just Energy
Illustrative Example
When a utility enters into a power purchase
agreement with a solar farm, often it's
bundled: a contract for energy and
compliance products:
Products purchased by utility per MWh:
Energy
Resource adequacy credits (reliability)
Renewable energy credits (for
compliance with renewable portfolio
standard requirements)
Hydroelectric resources: green¬
house gas free credits
7 8
Market-Price Benchmarks
When the utility uses
PCIA resources for its
own compliance, a
market price
benchmarks ("MPB") is
a calculated proxy to
value the PCIA portfolio.
However, it is an
approximation of actual
market value .
• Calculated annually by the CPUC
• MPBs calculated for:
- Resource adequacy
- Renewable energy credits
- Green -house gas free credits
Item 6
PRESENTATION
Market-Price Benchmarks
When the utility uses
PCIA resources for its
own compliance, a
market price
benchmarks (”MPB”) is
a calculated proxy to
value the PCIA portfolio.
However, it is an
approximation of actual
market value.
Calculated annually by the CPUC
MPBs calculated for:
- Resource adequacy
- Renewable energy credits
- Green-house gas free credits
8 9
PCIA Calculation – How to Determine Above -
Market Costs
Item 6
PRESENTATION
PCIA Calculation - How to Determine Above¬
Market Costs
(minus)
Portfolio
Costs
‘Sales revenues offset
costs
Portfolio
Value
9 10
Example
Imagine a simplified world in which there is only one utility resource in a CCA’s vintage:
Cost Quantity (MWh) Total $
PPA 1 $100 2,000 $200,000
Portfolio Cost $200,000
IOU Retained RA (MPB) $20 2,000 $40,000
IOU Retained RPS (MPB) $30 2,000 $60,000
IOU Retained Settled Energy Value* $25 2,000 $50,000
Total Portfolio Value $150,000
Above Market Cost
(Portfolio Cost - Portfolio Value) $50,000
CCA Load IOU Load Total Load for Vintage
50,000 100,000 150,000
PCIA Cost per MWh
(above market cost/ load) $0.33
* Value calculated based on forward energy prices (and trued up on actuals); not MPBs Item 6
PRESENTATION
Imagine a simplified world in which there is only one utility resource in a CCA’s vintage:
Cost Quantity (MWh) Total $
PPA1 $100 2,000 $200,000
Portfolio Cost $200,000
IOU Retained RA (MPB) $20 2,000 $40,000
IOU Retained RPS (MPB) $30 2,000 $60,000
IOU Retained Settled Energy Value* $25 2,000 $50,000
Total Portfolio Value $150,000
Above Market Cost
(Portfolio Cost - Portfolio Value) $50,000
PCIA Cost per MWh
(above market cost/ load)
CCA Load IOU Load Total Load for Vintage
50,000 100,000 150,000
$0.33
* Value calculated based on forward energy prices (and trued up on actuals); not MPBs 10 11 Customer Experience
Note: bundled PG&E customers do
not have a line item for PCIA on their
bills. Timing for adding this is being
discussed in the ongoing billing
modernization proceeding.
Item 6
PRESENTATION
Customer Experience
ENERGY STATEMENT
wwwpge.com/MyEnergy
Details of PG&E Electric Delivery Charges
04/29/2025 - 05/28/2025 (30 billing days)
Service For 12345 ENERGY CT, SUNNYVALE, CA 94087
Service Agreement ID: 111111111
Rate Schedule: Time-of-Use (Peak Pricing 4-9 p.m. Every Day) 04/28/2021 - 05/26/2021
Baseline Allowance 291.00 kWh (30 days x 9.7 kWh/day)
Energy Charges
Peak 151.429000 kWh @ $0.50086 $75.84
Off Peak 398.336000 kWh @ $0.47086 187.56
Baseline Credit 291.000000 kWh @-$0.10301 -29.98
Generation Credit
=> Power Charge Indifference Adjustment
Franchise Fee Surcharge
Utility Users' Tax (2.00%)
-79.52
5.90 0.58
3.07 Account No: 1234567890-1
Statement Date: 06/04/2025
Due Date: 06/25/2025
Service Information
Meter# 1111111111
Total Usage 549.765000 kWh
Baseline Territory X
Heat Source B - Not Electric
Serial H
Rotating Outage Block 61
Note: bundled PG&E customers do
not have a line item for PCIA on their
bills. Timing for adding this is being
discussed in the ongoing billing
modernization proceeding.
Total PG&E Electric Delivery Charges
^2017 Votaged Power Charge Indifference Adjustment
$163.45
11 12
• Subtitle
New SV Clean Energy
PowerPoint Template
Impact and Management of
the PCIA
Item 6
PRESENTATION
13 PCIA’s Current Impact on SVCE
Rate Setting
SVCE includes a customer’s
PCIA charge in its rate -setting,
such that a customer’s discount
to PG&E includes the PCIA.
Item 6
PRESENTATION
Q) PCIA’s Current Impact on SVCE
Rate Setting
SVCE includes a customer’s
PCIA charge in its rate-setting,
such that a customer’s discount
to PG&E includes the PCIA.
PG&E Gen Rate:
SVCE
discount
o
a.
o
15 a:
c
<D
0 LU
O
>
CO
13 14
PCIA’s Current Impact on SVCE
Rate Setting
SVCE’s 2026 rate remains at a
1% discount to PG&E’s
generation rate when including
the PCIA charge.
Item 6
PRESENTATION
Rate Setting
Q) PCIA’s Current Impact on SVCE
PCIA 3.56
§
co
CM
co
SVCE’s 2026 rate remains at a
1% discount to PG&E’s
generation rate when including
the PCIA charge.
0)
0 LU
0)
cu
£
PG&E Gen Rate:
11.49 0/kWh
^%SVCEdhcount
14 15
PCIA’s Current Impact on SVCE
Lack of Transparency and Generation Rate Uncertainty
SVCE forecasts the PCIA with the best available market data but does not have access to PG&E’s PCIA portfolio data.
This lack of information makes it more challenging for SVCE to forecast and prudently manage its own power procurement portfolio.
Item 6
PRESENTATION
PCIA’s Current Impact on SVCE
Lack of Transparency and Generation Rate Uncertainty
SVCE forecasts the PCIA with the best available market data but does not have access to PG&E’s PCIA portfolio data.
This lack of information makes it more challenging for SVCE to forecast and prudently manage its own power procurement portfolio.
15 16
PCIA’s Current Impact on SVCE
In addition to
regular market
volatility, lack of
information as to
type and
quantity of
resources in the
PCIA portfolio
makes
forecasting
difficult.
Item 6
PRESENTATION
PCIA’s Current Impact on SVCE
PCIA & Franchise Fee* (C/kWh)
SVCE Gen Rate* (C/kWh)
—SVCE gen rate discount vs PG&E
In addition to
regular market
volatility, lack of
information as to
type and
quantity of
resources in the
PCIA portfolio
makes
forecasting
difficult.
16 17
PCIA’s Current Impact on SVCE
Over -Exposure to the Market
Because the resources in PG&E’s PCIA portfolio impact SVCE financially through revenues – all else equal – SVCE has an increased direct relationship to market prices: more revenues when market prices are higher (and vice versa).
Item 6
PRESENTATION
Over-Exposure to the Market
PCIA’s Current Impact on SVCE
Because the resources in PG&E’s PCIA portfolio impact SVCE financially through revenues - all else equal-SVCE has an increased direct relationship to market prices: more revenues when market prices are higher (and vice versa).
18 Managing the PCIA
Financial Tools
• March 2025: SVCE Board approves an update to the
Energy Risk Management Policy.
• Upon acknowledging that the PCIA provides a financial hedge to our portfolio gross margin, the Board’s decision reduced the amount of physical hedge required in order to reduce SVCE’s direct exposure to market prices.
Item 6
PRESENTATION
18 Managing the PCIA
Financial Tools
March 2025: SVCE Board approves an update to the
Energy Risk Management Policy.
Upon acknowledging that the PCIA provides a financial
hedge to our portfolio gross margin, the Board’s decision reduced the amount of physical hedge required in order to reduce SVCE’s direct exposure to market prices.
19 Managing the PCIA
Cash Reserves
The volatility of energy cost and attributes along with the lack of transparency in the data used to determine the MPBs and set the PCIA is one of the reasons SVCE has built sufficient cash reserves to draw down when needed.
Item 6
PRESENTATION
Cash Reserves
19 Managing the PCIA
The volatility of energy cost and attributes along with the lack of transparency in the data used to determine the MPBs and set the PCIA is one of the reasons SVCE has built sufficient cash reserves to draw down when needed.
20 • Subtitle
New SV Clean Energy
PowerPoint Template
PCIA Regulatory Update
Item 6
PRESENTATION
21 PCIA – Regulatory Updates from 2025
Track 1 Completed in 2025 Considered and updated the
methodology of the valuation of
resource adequacy attributes.
Track 2 Ongoing Will determine the valuation of utilities’ banked renewable energy credits
created before 2019.
Track 3 Expected in 2026 Intended to examine wholesale
structural changes to the PCIA.
CPUC PCIA Proceeding
Item 6
PRESENTATION
PCIA - Regulatory Updates from 2025
CPUC PCIA Proceeding
Track 1 Completed in 2025 Considered and updated the
methodology of the valuation of
resource adequacy attributes.
Track 2 Ongoing Will determine the valuation of utilities’ banked renewable energy credits
created before 2019.
Track 3 Expected in 2026 Intended to examine wholesale
structural changes to the PCIA.
22 PCIA – Regulatory Updates from 2025
• Track 1 reexamined the calculation of the value of resource adequacy (“RA”) attributes. This new calculation derives the RA MPB from a multi-year average instead of a single year.
• CalCCA filed an Application for Rehearing arguing that the Decision resulted in retroactive ratemaking. The CPUC denied the Application, after which CalCCA filed an appeal in the courts to overturn the Decision.
Item 6
PRESENTATION
PCIA - Regulatory Updates from 2025
Track 1 reexamined the calculation of the value of resource adequacy (“RA”) attributes. This new calculation derives the RA MPB from a multi-year average instead of a single year.
CaICCA filed an Application for Rehearing arguing that the Decision resulted in retroactive ratemaking. The CPUC denied the Application, after which CaICCA filed an appeal in the courts to overturn the Decision.
22 23
PCIA – Regulatory Updates Expected in 2026
• Track 2 – On December 26, the Commission issued a Ruling stating that only one issue would be considered in Track 2: the valuation of pre-2019 banked renewable energy credits (“RECs”).
• By last known public information, PG&E had around 2M pre -2019 RECs banked, valued today in exceedance of $1.2B. SVCE’s approximate share of that value is $60M.
Item 6
PRESENTATION
PCIA - Regulatory Updates Expected in 2026
Track 2 - On December 26, the Commission issued a Ruling stating that only one issue would be considered in Track 2: the valuation of pre-2019 banked renewable energy credits (“RECs”).
By last known public information, PG&E had around 2M pre-2019 RECs banked, valued today in exceedance of $1.2B. SVCE’s approximate share of that value is $60M.
23 24
PCIA – Regulatory Updates Expected in 2026
• Track 3 – Possible proposals:
• Sunsetting – PCIA is eliminated on a specific future date. • Allocation – Departed load is allocated attributes directly. • Buy -out / buy -down – CCAs can buy out or down their position. • MPBs – Further incremental changes.
Scoping memo is still forthcoming; other proposals and issues may be introduced.
Item 6
PRESENTATION
PCIA - Regulatory Updates Expected in 2026
Track 3 -Possible proposals:
Sunsetting -PCIA is eliminated on a specific future date.
Allocation -Departed load is allocated attributes directly.
Buy-out / buy-down -CCAs can buy out or down their position.
MPBs -Further incremental changes.
Scoping memo is still forthcoming; other proposals and issues may be introduced.
24 25
PCIA – Next Regulatory Steps for SVCE
• Participate in Track 2 and prepare for Track 3 of the CPUC proceeding.
• Monitor ongoing judicial appeal of Track 1.
• CalCCA seeking a legislative fix on data transparency issue.
Item 6
PRESENTATION
O PCIA - Next Regulatory Steps for SVCE
Participate in Track 2 and prepare for Track 3 of the CPUC proceeding.
Monitor ongoing judicial appeal of Track 1.
CaICCA seeking a legislative fix on data transparency issue. 25 26
PCIA – Final Recap and Take -Aways
• The PCIA construct is aligned with regulatory principles and is likely here to stay.
• The PCIA presents various challenges to SVCE, and we would benefit from greater transparency into PG&E's PCIA portfolio. • The goal should be ensuring fair cost allocation between utility and CCA customers.
• The re -opening of the regulatory proceeding provides an opportunity to change the overall structure of the PCIA.
Item 6
PRESENTATION
PCIA - Final Recap and Take-Aways
The PCIA construct is aligned with regulatory principles and is likely here to stay.
The PCIA presents various challenges to SVCE, and we would benefit from greater transparency into PG&E's PCIA portfolio.
The goal should be ensuring fair cost allocation between utility and CCA customers.
The re-opening of the regulatory proceeding provides an opportunity to change the overall structure of the PCIA. 26 27
• Subtitle
New SV Clean Energy
PowerPoint Template
Questions and Discussion
Item 6
PRESENTATION
28 • Subtitle
New SV Clean Energy
PowerPoint Template
Appendix
Item 6
PRESENTATION
29 PCIA’s Current Impact on SVCE
Lack of Transparency and Generation Rate Uncertainty
Impact
Prices ↑
PCIA ↓
PG&E Rate ↑
SVCE Revenues ↑
Prices ↓
PCIA ↑
PG&E Rate ↓
SVCE Revenues ↓
Item 6
PRESENTATION
Lack of Transparency and Generation Rate Uncertainty
PCIA’s Current Impact on SVCE
Prices
*
PCIAt
PG&E Rate 4-
SVCE Revenues 4
Impact
Prices t
PCIA 4
PG&E Rate
SVCE Revenues
29