• Subtitle
New SV Clean Energy
PowerPoint Template
Receive Report on SVCE Committee
Vacancies and Select Vice Chair of the
2026 Executive Committee
Andrea Pizano
April 24 , 2026
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PRESENTATION
2 Recommendation
• Receive SVCE Committee Report on existing
rosters and provide feedback on staff’s approach
to solicit interest in filling open seats; and
• Select a 2026 Vice Chair of the Executive
Committee
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Title of the Page
2026 SVCE
Committees
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4 2026 Committee Rosters (as of April 2026)
2026 Executive Committee
1. Pat Showalter, Mountain View (Committee Chair)
2. Sally Meadows, Los Altos
3. George Tyson, Los Altos Hills
4. Yvonne Martinez Beltran, Morgan Hill
5. Larry Klein, Sunnyvale
6. Vacant
2026 Finance and Administration Committee
1. Murali Srinivasan, Sunnyvale (Committee Chair)
2. Bryan Mekechuk, Monte Sereno (Committee Vice Chair)
3. Maria Ristow, Los Gatos
4. Chuck Page, Saratoga
5. Vacant
6. Vacant
2026 Audit Committee
1. Bryan Mekechuk, Monte Sereno (Committee
Chair)
2. Harjot Sangha, Gilroy (Committee Vice Chair)
3. Jessie Kim, Los Altos
4. George Tyson, Los Altos Hills
5. Vacant
6. Vacant
2026 Legislative Ad Hoc Committee
1. Pat Showalter, Mountain View (Committee
Chair)
2. Zach Hilton, Gilroy (Committee Vice Chair)
3. Garry Barbadillo, Milpitas
4. Bryan Mekechuk, Monte Sereno
5. Yvonne Martinez Beltran, Morgan Hill
6. Tina Walia, Saratoga
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5 Proposed Plan
• Solicit interest from Primary and Alternate*
Board Members for committees with vacancies
•
• Present interest at Board Meeting for a vote to
add members using standard voting process
* Information on any committee membership guidelines will be included in solicitation Additional Option for Executive Committee:
Reconstitute Nominating Ad Hoc Committee (Chair Klein and Dir. Showalter) to recommend Executive Committee member for consideration at the May 15 th Board Meeting
April
May 15
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6 Questions/Discussion
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Title of the Page
2026 SVCE Executive
Committee Vice Chair
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• Nominations (including self)
• Each interested member will be
given an opportunity to make a
statement
• If more than one person is
interested, a roll call vote by name
will be performed
• Vote of three needed to reach
majority
• Ratification vote needed to solidify
selection
Vice Chair
Selection Process
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• Subtitle
New SV Clean Energy
PowerPoint Template
Policy Updates
Michael Callahan, General Counsel
April 24, 2026
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• Proposing to change:
• Human Resources Policy 1: Personnel
and Reimbursement
• Customer Confidentiality Policy
• Changes are intended to clarify
delegations to the CEO and reduce
the administrative items that must
be decided by the Board.
Recommended
Updates
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• Shift the appointment of the
General Counsel from the Board to
the CEO;
• Clarify the CEO has authority to
terminate staff which includes
entering into severance
agreements;
• Clarifying the budget shall include
staff costs such as salaries and
benefits; and
• Providing the CEO authority to
modify benefits within budget,
except for increases or decreases
to paid time off such as holidays,
furloughs, bereavement leave, and
regular paid time off
Personnel and
Reimbursement
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• Clarify that SVCE may utilize
customer data for period beyond
the current five year default period.
• Data is used for load forecasting and
other business purposes such as
customer programs planning.
• Will help SVCE manage its business
risks and ensure forecasting and
planning is based on the best
available data
• Removing outdated reference
Customer
Confidentiality
Policy
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Recommendation: Executive
Committee recommends the Board
adopt the proposed changes to the
Personnel and Reimbursement and
Customer Confidentiality Policies.
Next Step: Staff will prepare
revisions for Board consideration.
Next Steps
5 Item 4
PRESENTATION
6 Questions?
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PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
Energy Products & Clean
Accounting
Executive Committee
April 24, 2026
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• Electric System & Grid Review
• How clean is counted and reported
• Different types of energy products
• Energy
• Attributes
• Capacity
• SVCE Clean Energy Procurement
Goals and Strategy
Discussion Item
Overview of
Topics
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3 What is the Electric System?
The electric system powers our society 24/7 365.
The electric system is a complex machine built to provide reliable, stable on demand power to millions of customers. ➢ Energy is generated by power plants – hydroelectric, natural gas, coal, nuclear, and increasingly, renewables: solar and wind ➢ Energy is transmitted across the transmission and
distribution system – poles, wires, transformers, substations, and other electrical equipment – from power plants to
customers
➢ Energy is consumed by load – light bulbs, air conditioners, ovens, dryers, factory motors, water pumps, electric cars, and thousands of other electrical end uses powering society Generation
Transmission
Load
Distribution
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4 SVCE – The Generation Provider
The SVCE role on the grid is focused on buying clean energy for its customers.
Generation
Transmission
Load
Distribution
SVCE Clean Energy Portfolio
SVCE Customers
PG&E Grid
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5 The Grid is like an Electron Pool
All generation resources are blended together – hence the need for accounting SVCE customers
consume energy
from the grid
Renewable energy is produced
onto the grid
All load-serving
entities, such as
SVCE, receive
electricity from the
supply mix from the
grid at that instant in
time Conventional energy is
produced onto the grid
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6 Electricity: Power Flow vs. Attribute Tracking
How do we account for SVCE electrons?
• Once delivered to the grid, electrons (“green” or “brown”) are indistinguishable from one another. • No way to physically track specific electrons after they are put on the grid. That is, we cannot know who consumed the electrons that were supplied by Wind Farm A. • For regulatory compliance and substantiation of marketing claims, a load-serving entity, such as SVCE, must use power supply contracts to specify ownership of the “attributes” associated with supplying electricity.
• Power supply contracts specify ownership of product attributes (examples: electric energy volumes, resource adequacy/RA, and Renewable Energy Credits or RECs). • Owners of product attributes can make claims with regard to renewable energy content and environmental impacts.
• RECs, e-tags and contract documents are typically referenced to substantiate such claims.
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What is a Renewable Energy Certificate (REC)?
A certificate of proof, issued through the accounting system established by the Energy Commission…that one unit of electricity was generated and delivered by an eligible renewable energy resource. “Renewable energy credit” includes all renewable and environmental attributes associated with the production of electricity from the eligible renewable energy resource, except for an emissions reduction credit issued pursuant to Section 40709 of the Health and Safety Code and any credits or payments associated with the reduction of solid waste and treatment benefits created by the utilization of biomass or biogas fuels.”
The CPUC further defines the attributes, including the avoided greenhouse gas (GHG) attributes, associated with a REC in D.08-08- 028. Pursuant to this decision, the GHG attributes associated with the RPS energy generation are transferred to the buyer of the REC.
California Law (Public Utilities Code S. 399.12 [f] ) defines a REC as:
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Not all RECs are the same
RPS Facility
California RPS Portfolio Content Requirements – all
renewable energy procured from contracts after June 1, 2010 are separated into three categories, or “buckets.” Retailers are required to meet RPS obligations with a minimum
percentage of bucket 1 RECs and a maximum percentage of bucket 3 RECs.
• Category 1 RECs (aka Portfolio Content Category One
“PCC1”) – Energy and RECs (typically from CA) delivered to a California balancing authority (CBA) without
substituting electricity from another source.
SVCE procures predominantly PCC1 to meet RPS targets
from new and existing resources
CBA
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Not all RECs are the same
Category 2 RECs (PCC2) – Energy and RECs (typically
from an out-of-state renewable energy project) that
cannot be delivered to a CBA without substituting
energy from another source (i.e. intermittent wind
energy needs to substitute in another energy source to
meet demand during times when the wind facility is not
generating electricity).
Intermediary
RPS
Facility
CBA
Other
Power
Category 3 RECs (PCC3)– Unbundled RECs, or RECs
that do not meet Category 1 and 2 conditions.
SVCE has historically procured limited PCC2 and
PCC3 RECs to achieve compliance obligations.
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Carbon-Free Attributes
Carbon-Free Attributes are
another clean product separate from
RECs:
Products from resources that are not
RPS-eligible, but that emit no
carbon (e.g. nuclear energy or large
hydropower, which is not RPS-eligible in California)
Carbon-free energy must be
delivered into CAISO
• Solar
• Wind
• Geothermal
• Small Hydro
• Biomass
Renewable
• Nuclear
• Large Hydro
Carbon-Free
• Natural gas
Thermal
RPS-Eligible
Clean
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11 Clean Energy
Definition,
Reporting and
Energy
Products
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12 Defining and Reporting Clean
SVCE’s Clean Energy Target is set at 100% of retail sales, plus losses, measured annually. SVCE does not have a clean capacity target.
Reporting Requirements:
➢ Annual Power Content Label to CEC and Customers, along with attestation approved by Board ➢ Annual Renewable Portfolio Standard Compliance Report to CPUC ➢ Annual Renewable Portfolio Standard Plan to CPUC
➢ Semi-Annual Integrated Resource Plan Compliance with MTR to CPUC ➢ Bi-annual Integrated Resource Plan to CPUC – approved by Board Item 5
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13 How SVCE shows what we procure
Power Content Label (PCL)
• In place since 2009 and used to
show customers where their
electricity dollars go.
• AB 1110 (Ting, 2016) modified the
PCL by requiring reporting and
disclosure of the GHG emissions
intensity associated with the
electricity serving retail customers.
• Prior to implementation in
2020, GHG emissions reporting
was voluntary
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14 Products we Buy and Sell
1. Energy
• The product SVCE buys to provide clean electricity to customers • Energy is what is scheduled onto the grid from generating facilities
2. Attributes
• A product that is provided for every megawatt of energy generated, such as a Renewable Energy Credit or Carbon Free attribute
• These are used to measure and account for clean energy generation to meet state mandates for the Renewable Portfolio Standard
3. Capacity
• The main capacity product is Resource Adequacy (RA)
• A market product in which Load Serving Entities pay generating facilities to simply be available to the CAISO market (at any price), not necessarily to generate
• Ensures there is enough energy available on the grid in case of an extreme event (e.g. heat wave or equipment outage elsewhere)
• The offtaker of RA from a generating facility is not the offtaker for their energy (unless otherwise contracted)
SVCE signs a mix of short- and long-term agreements that include some or all of the three primary products:
Energy and Attributes,
together, are the products
comprising the clean
energy we deliver to
customers
Capacity is a compliance
requirement and does not
represent energy delivered to
customers
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15 Clean Energy
Clean Energy is the combo of Energy + Attributes. Demand for environmental attributes is largely driven by state laws and regulations. ➢ Currently LSEs only have an RPS obligation;
starting in 2035 the obligation will extend to also
include GHG-free (RPS + large hydro + nuclear)
➢ Obligation based on share of retail load;
compliance attributes sold per MWh
➢ Demand is largely driven by these obligations,
though corporate demand and LSEs desire to go
beyond minimum compliance also impact supply.
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SVCE Procurement Strategy
& Historical Power Mix
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17 Clean Energy Goals
SVCE’s
procurement
targets are
primarily driven
by regulatory
requirements and
Board goals
• 60% Renewable Energy by 2030 SB100 • 100% Carbon Free by 2045 • 65% of Renewable Energy must be from Long-Term SB350 (10yr or more) contracts • Mid-Term Reliability
• Established by the CPUC to focus on securing
sufficient online resources to meet expected demand
in the coming few years
MTR
• 100% Clean – annually, with line losses
• 75% Renewable by 2030
• 100% Renewable by 2035 (adopted late 2024)
SVCE
BOD
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18 Clean Energy Goals/Mandates
Requirements:
• State RPS & Clean targets
• State Reliability Mandates
• SVCE Clean targets
• SVCE Energy Risk
Management Policies
Goal is to create a least cost, best
fit portfolio and manage risk via:
• Mix of short-term and long-term products/ resources
• Price diversity – index and
fixed-price
• New & existing resources
• resource technology diversity
• Location diversity
• Developer/supplier diversity
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19 SVCE’s Power Mix Title of the Page
100% of retail sales met with Clean Energy in all years except 2024
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20 SVCE’s Historical RPS Position Title of the Page
SVCE has increased its share of RPS energy coming from long-term contracts and from PCC1 RECs over time. *CP 3 and CP 4 represent RPS Compliance Periods 3 and 4, representing totals for the years 2017-2020 and 2021-2024, respectively. RPS is measured by compliance period totals, rather than as an annual metric. * * * *
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21 Title of the Page SVCE’s Power Mix: Long-Term vs. Short-Term Clean Energy Contracts SVCE is on track to meet its 75% RPS target by 2030 and 100% Clean, predominately through the use of long-term PPAs.
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22 Power Supply Cost Drivers Title of the Page
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23 Questions?
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