• Subtitle
New SV Clean Energy
PowerPoint Template
SVCE 2026 Integrated Resource
Plan Preview
SVCE Executive Committee
May 22, 2026
Maren Wenzel, Director of Regulatory Policy and Planning Jessica Feng, Power Resource Planner
Item 4
PRESENTATION
Agenda and Purpose
Today’s Agenda:
Review CPUC IRP purpose and requirements
Summary of proposed SVCE 2026 IRP and development process Proposed Preferred Conforming Plan draft results
Proposed Alternate Conforming Plan draft results
Summary of additional analysis
Key narrative components
Request of Executive Committee
Staff will provide an overview of the Integrated Resource Plan (IRP) process and share draft results intended for use in SVCE’s 2026 IRP which is due to the California Public Utilities Commission on August 10th.
Item 4
PRESENTATION
CPUC IRP Summary and Purpose
The IRP is first and foremost a compliance requirement. • The IRP’s purpose is to ensure that collectively LSEs are on track to develop an electric system which
maintains reliability while achieving the state’s clean goals.
• LSE’s individual IRPs are “stitched together” to form a Preferred System Plan which is used for CAISO
transmission planning processes and evaluation of long-term system needs. • The CPUC generally requires individual IRPs be filed by jurisdictional LSEs every two years.
• The CPUC skipped the 2024 IRP cycle making this
the first IRP SVCE has filed since 2022.
• SVCE’s 2026 IRP is due August 10th
Electric Sector
Emissions
2030 30 MMT
2035 25 MMT
2040 17 MMT
2045 8 MMT
Item 4
PRESENTATION
360.4 MMT CO2e
2023 TOTAL CA EMISSIONS
IRP Requirements
The IRP filing is composed of three parts:
1) Clean System Power Tool (CSP)
• Used to assess compliance with CPUC set emissions targets. • Calculates LSEs hourly system emissions for key study years (2030, 2035, 2040, 2045). • Relies on CPUC modelled emissions and curtailment.
2) Resource Data Template (RDT):
• Provides contract data for online, in development and planned resources. • Calculates compliance with reliability needs using Effective Load Carrying Capability (ELCC) metrics, not the Slice-of-Day metrics used in Resource Adequacy program. 3) Narrative:
• Document describing modeling process and results.
• Provides opportunity for LSEs to discuss risks, costs and viability of its portfolios. • Requires LSEs discuss many specific issues including impacts to disadvantages communities, potential central procurement activities and more.
Item 4
PRESENTATION
IRP Requirements
The CPUC mandates many of the inputs and assumptions LSEs must use, which may not align with SVCE’s view of the future.
• SVCE staff relied on CPUC assumptions for candidate resource profiles, future system emissions and reliability metrics.
• CPUC prices and resource availability informed, but did not dictate, SVCE modeling inputs. • While several CPUC assumptions do not align with SVCE staff world view, the most impactful is the load forecast.
The CPUC’s 2035 load
forecast increased 60%
relative to last cycle, mainly
driven by EV adoption, data
centers and behind-the-meter PV.
Item 4
PRESENTATION GWh
9,000
Load Forecast (GWh)
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
2026 IRP Load
Forecast
—SVCE Operating
Forecast
2022 IRP Load
Forecast
SVCE’s Proposed IRP
Staff is proposing SVCE submit two formal cases as part of its IRP. • Preferred Conforming Plan: Utilizes SVCE’s current board adopted clean targets • 75% RPS by 2030, 100% RPS by 2035 (and beyond)
• 106% clean each year, measured annually
• No explicit clean capacity target for reliability/resource adequacy • Alternate Conforming Plan: Assumes 50% of SVCE’s load moves to a minimum compliance product, while remaining load maintains product that meets current board targets • Proxy for “levers” discussions held with the Board in recent months • SVCE also plans to provide information – but not full RDT/CSPs – on other scenarios in its narrative:
• SVCE internal load (optional): To show impact of forecast uncertainty • CPE Allocations (required): To show impact of potential central procurement allocation of Geothermal, LDES and Offshore Wind on portfolio results Item 4
PRESENTATION
Process Overview
SVCE’s modeling is substantially complete but work is ongoing. • Baseline
resources
• Candidate
resource
information
(shape, capacity
factor, price)
• Load
• Targets: RPS,
GHG-free,
emissions,
reliability
Inputs
• Selection of least
cost resource
build to meet
load and targets
based on model
calibration with
CPUC
compliance tools
Capacity
Expansion Model
• Adjust resource
build to align
with CPUC’s
CSP and RDT
tools
Post-Processing
• Cost and risk
analysis
• Reliability
analysis
• 24x7 emissions
view
Additional Analysis
• Final RDT and
CSP for each
conforming plan
Compliance
Deliverables
• Study Design
• Study Results
• Includes review
of viability and
cost
• Action Plan
• Lessons
Learned
Narrative
Development
File
Aug.
10 Complete In Process
Item 4
PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
Results of Recommended
Conforming Plans
Item 4
PRESENTATION
Results of Preferred Conforming Plan
Model results indicate SVCE will need to build or purchase nearly 4 GW additional of capacity by 2045.
Cumulative Build
2030 2035 2040 2045
Hybrid - Solar 100 140 220 810
Hybrid - Storage 100 140 220 810
Onshore Wind - 470 835 848
Solar - - 560 850
Geothermal* 44 108 108 331
Storage 8h - 20 20 20
Storage 4h - - - 10
Storage 12h - 70 70 95
Total 244 948 2,033 3,773
*2030 geothermal number like to be substantially
decreased.
Item 4
PRESENTATION
Results of Preferred Conforming Plan
Much of SVCE’s existing PPA portfolio will roll off by the late 2030s, necessitating new contracts.
* DCPP is not included per CPUC’s requirement.
Results add extra
energy in years with
binding emissions
constraint.
Due to curtailment,
total energy needed
can exceed load.
Model is hitting
constraint of 35%
Short-Term (ST)
energy in most
years.
Item 4
PRESENTATION
Modelled Portfolio Mix
12,000
10,000
8,000
4,000
2,000
IRP Load Forecast SVCE 2026 Operating Forecast
§ 6,000
0 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 Baseline PPA Baseline ST NewPPA 88KM8B8 New ST
Preferred Conforming Plan Reliability
Results
Staff “right-sized” short-term fossil RA purchases to achieve reliability needs per CPUC requirements.
• On average SVCE meets 60% of its
RA needs with clean resources.
• In all years except 2043 and 2044
SVCE uses less than its load share
of the CPUC’s assumed available
gas fleet. In 2043 and 2044 it is over
by small margin (>15 MW)
Item 4
PRESENTATION
Preferred Conforming Plan Emissions and
Annual Results
CSP results meet emissions targets but fall short of SVCE’s view of annual RPS results.
SVCE Target 0.442 0.351 0.300 0.155
Emissions Total Unit 2028 2030 2035 2040 2045
CO2 MMt/yr 0.29 0.39 0.34 0.28 0.14
PM2.5 tonnes/yr 20 27 25 19 12
SO2
tonnes/yr 3 3 3 2 1
NOx tonnes/yr 35 42 40 19 13
Renewable and GHG-Free % Unit 2028 2030 2035 2040 2045
LSE Supply, before curtailment and
exports
GWh 5,182 5,956 8,167 9,645 10,850
Curtailment GWh (438) (685) (1,368) (1,880) (2,119)
Retail Sales GWh 4,738 5,479 6,786 7,692 8,198
RPS-Eligible Delivered Renewable GWh 2,756 3,359 5,811 6,206 6,607 GHG free GWh 4,584 5,124 6,699 7,836 8,802
RPS-Eligible Delivered Renewable
Percentage % of retail sales 58% 61% 86% 81% 81%
GHG-free Percentage % of retail sales 97% 94% 99% 102% 107% CSP assumes nearly
20% of energy lost to
curtailment by 2045
Curtailment
assumptions result in
RPS below SVCE
modelled results
Item 4
PRESENTATION
Results of Alternate Conforming Plan
Cumulative Build
2030 2035 2040 2045
Difference from
Preferred Plan
Hybrid - Solar 100 140 140 590 (220)
Hybrid - Storage 100 140 140 590 (220)
Onshore Wind 0 225 833 835 (13)
Solar 0 0 265 655 (195)
Geothermal* 44 106 106 308 (23)
Storage 8h 0 20 20 20 -
Storage 4h 0 0 0 100 90
Storage 12h 0 65 65 70 (25)
Total 244 823 1568 3168 (605)
The Alternate Plan reduces build or procurement by over 600 MW relative to the Preferred Plan.
*2030 geothermal number like to be substantially
decreased.
Item 4
PRESENTATION
Alternate Conforming Plan Reliability
Results
The lower build quantities in this scenario require more “leaning” on the system. • On average SVCE meets approximately
55% of its RA needs with clean
resources.
• In 2042-2044 the portfolio requires as
much as 85 MW more than its load
share allocation of the gas fleet.
Item 4
PRESENTATION
Alternate Conforming Plan Emissions and
Annual Results
SVCE Target 0.442 0.351 0.300 0.155
Emissions Total Unit 2028 2030 2035 2040 2045
CO2 MMt/yr 0.29 0.39 0.35 0.28 0.15
PM2.5 tonnes/yr 20 27 26 19 12
SO2
tonnes/yr 3 3 3 2 1
NOx tonnes/yr 35 42 43 27 14
Renewable and GHG-Free % Unit 2028 2030 2035 2040 2045
LSE Supply, before curtailment and
exports
GWh 5,182 5,956 7,426 8,644 9,739
Curtailment GWh (438) (685) (757) (950) (1,081)
Retail Sales GWh 4,738 5,479 6,786 7,692 8,198
RPS-Eligible Delivered Renewable GWh 2,756 3,359 5,037 5,569 5,870 GHG free GWh 4,584 5,124 6,616 7,812 8,777
RPS-Eligible Delivered Renewable
Percentage % of retail sales 58% 61% 74% 72% 72%
GHG-free Percentage % of retail sales 97% 94% 97% 102% 107% Curtailment is lower
in alternate case due
to fewer clean
purchases.
Achieved RPS ~10%
lower than Preferred
Case.
The Alternate case has lower curtailment but also significantly lower RPS achieved.
Item 4
PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
• Additional Analysis &
Scenarios
• Narrative Topics
Item 4
PRESENTATION
Results of Alternate Load Scenario
Using SVCE’s internal load forecast dramatically decreases build requirements.
Note: Results developed using ARS model
and do not reflect post-processing to achieve
GHG targets. (CPUC assigned targets are
dependent on load forecast).
Cumulative Build
2030 2035 2040 2045
Difference from
Preferred Plan
Hybrid - Solar 100 140 140 140 (670)
Hybrid - Storage 100 140 140 140 (670)
Onshore Wind 0 225 405 650 (198)
Solar 0 0 80 490 (360)
Geothermal 44 73 73 73 (258)
Storage 8h 0 20 20 20 (0)
Storage 4h 0 0 0 0 (10)
Storage 12h 0 0 0 0 (95)
Total 0 0 0 0 (2,260)
Item 4
PRESENTATION
Additional Pending Analysis
Staff will be working on several additional analyses over the coming months for inclusion in the 2026 IRP.
• Potential Central Procurement Entity impacts
• Cost analysis for each portfolio
• Risk analysis for each portfolio
• Reliability Analysis: ELCC vs. Slice-of-Day
• Transmission viability
Item 4
PRESENTATION
Key Narrative Points
Staff is still developing the narrative but will likely highlight several themes. • Value of clean, firm resources & need for additional transmission build out • Geothermal in portfolio may manifest as other emerging technology, not modelled • Load forecast uncertainty
• Planning challenges associated with uncertainty of CPE actions • Lack of alignment between IRP and RA reliability metrics • If Diablo Canyon Nuclear Power Plant (DCPP) is extended, need to consider the benefits in future IRP cycles
• Need to finalize development of the Reliable Clean Power Procurement Program (intended to replace “order by order” procurement)
Item 4
PRESENTATION
Request of Executive Committee
Staff is seeking support from Executive Committee to recommend to the Board of Directors at the June 10th meeting:
1. Adoption of proposed Preferred Conforming Plan and Alternate Conforming Plan for submission in SVCE’s 2026 IRP, acknowledging additional edits may be needed as work continues.
2. Delegate authority to the CEO for final approval of SVCE’s 2026 IRP plan, due August 10th.
Item 4
PRESENTATION
21 Appendix
Item 4
PRESENTATION
Core Inputs and Assumptions
All modeling included several key assumptions
1) Baseline resource list includes all PPAs under contract as of 3/1/2026. 2) Forced in capacity to serve as a proxy for requirements under the latest procurement order (D.26-02-057)
3) Removal of DCPP allocations for all years, per CPUC guidance 4) Portfolio must purchase between 15% and 35% of its energy from the short-term market each year.
5) Limits to wind procurement, both in state and out of state per guidance from Procurement Team. 6) Used internal price forecasts for new resources.
7) Used CPUC resource profile shapes and capacity factors. 8) Limited short-term RA purchases to SVCE’s load share of CPUC reference system plan fossil fleet.
Item 4
PRESENTATION
Required Narrative Sections
The CPUC is prescriptive as to what must be discussed in the narrative Item 4
PRESENTATION
Preferred Conforming Plan Energy Mix
Item 4
PRESENTATION
Results of Alternate Conforming Plan
Item 4
PRESENTATION
24x12 Heat Maps: 2035
2035
1 2 3 4 5 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 44 62 61 53 54 61 61 50 67 16 -7 8 10 4 3 10 13 7 57 41 49 72 71 72 54 2 43 69 63 57 59 67 67 70 53 29 20 10 3 10 12 1 20 2 61 39 46 64 61 76 58 3 40 56 49 43 47 43 43 65 4 -11 -4 5 4 4 2 0 4 11 30 34 37 31 33 25 20 4 31 24 10 10 18 29 29 1 0 2 -1 0 1 2 1 2 4 6 19 26 22 1 5 4 5 5 27 19 16 14 18 20 20 4 -7 -3 0 1 1 2 1 1 3 -2 4 13 -1 -19 -7 -19 -10 6 34 32 22 16 24 18 18 -8 -5 -7 -9 0 0 0 1 1 3 6 -7 -2 7 -4 1 2 0 7 91 74 61 59 67 44 44 14 -1 -3 -1 -2 0 1 1 4 8 15 65 94 36 23 45 59 77 8 120 100 86 82 90 84 84 37 5 11 11 6 8 7 7 12 19 35 100 95 48 58 93 97 105 9 122 107 92 86 92 110 110 56 3 2 7 4 3 6 8 14 26 67 135 71 69 75 117 122 116 10 88 78 65 61 68 82 82 69 5 0 0 6 4 5 6 9 13 49 62 51 77 70 83 74 79 11 48 72 59 48 48 58 58 65 -17 -22 -29 -30 0 3 5 5 19 73 58 40 60 75 69 69 52 12 73 89 82 71 69 80 80 83 70 38 18 29 34 27 32 34 38 91 80 69 85 101 91 104 95 Preferred Conforming Plan:
Alternate Conforming Plan:
2035
1 2 3 4 5 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 15 36 37 29 30 35 35 20 83 62 49 38 22 15 13 15 17 11 26 11 19 43 42 44 25 2 29 55 50 44 45 53 53 57 86 81 66 42 29 28 24 17 26 16 52 27 33 50 45 61 43 3 22 41 34 28 32 24 24 71 45 22 17 7 6 6 4 3 7 14 39 21 24 17 18 9 3 4 14 7 -9 -11 -3 14 14 18 8 2 2 0 1 2 1 2 4 6 18 12 9 -14 -10 -12 -12 5 7 -2 -1 0 6 15 15 8 5 2 2 1 1 2 1 1 3 0 6 7 -15 -34 -22 -37 -29 6 15 9 -4 -8 -2 8 8 -3 -2 1 -1 0 0 0 1 1 3 6 -1 3 -5 -16 -12 -13 -16 7 88 72 59 54 60 61 61 40 28 33 20 7 0 1 1 4 8 15 103 117 33 20 42 56 74 8 124 103 88 81 88 92 92 81 68 64 62 28 19 17 16 23 29 41 140 108 56 66 101 104 111 9 119 104 89 82 87 103 103 91 86 96 86 50 33 17 13 18 30 94 144 67 66 72 115 120 114 10 79 71 58 53 59 71 71 89 78 75 45 21 14 12 9 11 18 65 51 41 67 59 73 64 69 11 29 55 44 33 33 42 42 54 41 49 41 28 17 11 13 14 24 74 41 22 42 57 50 51 33 12 52 70 65 53 51 61 61 60 88 92 74 78 67 53 53 47 52 78 56 46 62 80 69 84 75 Item 4
PRESENTATION
24x12 Heat Maps: 2045
2045
1 2 3 4 5 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 35 42 33 20 20 32 32 52 77 25 2 9 7 8 -1 11 4 -4 31 37 50 54 59 54 41 2 56 54 36 18 19 31 31 66 53 30 8 11 -9 2 6 -10 6 -12 7 26 34 43 52 54 51 3 32 26 17 6 14 22 22 53 -22 -2 8 6 4 3 0 -2 -2 -3 -8 19 18 30 30 28 25 4 10 1 -6 -5 -2 -1 -1 -28 7 2 -2 0 0 1 0 0 1 0 -4 10 11 12 10 11 18 5 2 -1 -3 -3 -2 -4 -4 -5 -8 -3 0 0 0 1 1 1 1 1 -10 -2 -1 -2 -1 -2 -2 6 0 -8 -4 -3 -2 -7 -7 -4 -5 0 0 0 0 0 0 0 0 0 -3 -21 -4 -4 0 -1 4 7 52 31 15 9 14 3 3 0 -7 0 0 0 0 0 0 0 0 0 12 53 56 53 51 49 55 8 97 71 50 39 44 55 55 -3 -12 -9 -1 3 2 2 4 3 4 8 58 85 81 85 94 90 93 9 112 83 59 46 51 75 75 26 -21 -30 -7 -5 1 1 2 3 3 19 122 105 98 99 111 107 110 10 66 48 30 22 31 49 49 59 -9 -20 1 -1 1 3 5 1 3 16 68 67 74 72 70 62 66 11 55 50 39 20 15 30 30 60 -19 -16 -7 -2 -3 -2 -1 -5 -1 17 50 55 61 62 65 59 57 12 73 76 65 51 47 58 58 77 89 60 23 36 30 27 20 22 21 45 74 77 84 86 84 84 76 Preferred Conforming Plan:
Alternate Conforming Plan:
2045
1 2 3 4 5 6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 15 18 6 -7 -7 6 6 29 123 111 55 40 25 19 14 16 9 -3 2 11 22 25 31 26 18 2 48 38 17 -1 1 14 14 54 106 87 59 37 13 18 15 5 10 -3 -9 8 15 24 36 39 41 3 18 8 -2 -10 2 10 10 69 50 25 11 9 7 6 3 1 1 0 -6 3 2 13 15 16 16 4 -4 -10 -17 -12 -8 -7 -7 -6 9 6 2 0 0 1 0 0 1 0 -4 -1 0 1 -2 -2 4 5 -3 -6 -8 -7 -6 -7 -7 0 0 1 0 0 0 1 1 1 1 1 -10 -7 -11 -11 -10 -11 -12 6 -13 -20 -10 -6 -5 -8 -8 -2 -2 0 0 0 0 0 0 0 0 0 -4 -24 -18 -15 -11 -11 -8 7 36 16 5 -1 3 9 9 12 5 0 0 0 0 0 0 0 0 0 27 58 43 41 39 41 45 8 88 61 39 29 35 60 60 48 47 42 27 17 11 7 8 9 6 13 78 83 78 80 86 87 92 9 101 73 49 37 42 66 66 88 94 84 41 19 6 7 2 3 3 32 127 101 92 93 101 101 105 10 54 36 19 12 20 38 38 100 93 69 32 14 9 7 5 4 5 30 56 56 60 61 59 57 60 11 47 36 20 2 -2 12 12 58 66 59 28 12 8 6 6 4 5 16 35 40 42 43 47 44 46 12 59 57 46 32 28 38 38 58 131 140 105 85 57 47 38 36 36 34 53 57 62 64 63 63 59 Item 4
PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
Item 5: Recommend the Silicon Valley Clean Energy
Board of Directors Authorize the Chief Executive Officer Approval of CC Power’s Annual Budget and Dues in an
Amount Not to Exceed $600,000 for CC Power’s Fiscal
Year 2026-2027 and Delegate Authority to the Chief
Executive Officer to Enter Agreements Using Approved
Funds
Executive Committee
May 22, 2026
Item 5
PRESENTATION
SVCE Share:
• FY 2026-27:
$547K
• FY 2025-26:
$476K
CC Power
Budget
FY 2026-27
Starting July 1,
2026
2 RECOMMENDATION
Staff recommends that the Silicon Valley Clean Energy
(SVCE) Executive Committee recommend that the Board of
Directors (Board) approve annual budget for payment to
California Community Power (“CC Power”) starting CC
Power’s next Fiscal Year (July 1, 2026-June 30, 2027) in an amount not to exceed $600,000 and delegate authority to the Chief Executive Officer to enter agreements using approved funds.
G&A,
$178,049
Phase 1,
$37,745
Phase 2,
$157,277
Phase 3,
$174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2026-27 CC Power Budget
SVCE Share
Item 5
PRESENTATION
California Community
Power: CC Power
Joint Powers Agency comprised
of nine California Community
Choice Aggregators (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. CC Power members
represent over 2.7 million
customers across 112
municipalities spanning from
Humboldt County to Santa
Barbara County.
3 To date, primary focus on regulatory
driven procurement
• Tumbleweed, Willow Rock, Fish
Lake, Ormat
Item 5
PRESENTATION
CC Power
Joint-Procurement
Success Story
Tumbleweed Long
Duration Storage
• 8-hour lithium-ion
• 75 MW
• Needed for
Compliance
Contracted in 2022
Operational in June
2026
4 Overhead view of Tumbleweed site in October 2025
Item 5
PRESENTATION
SVCE Share:
• FY 2026-27:
$547K
• Carryover from
FY 2025-26:
$147K
• Cash call with
carryover: $400K
CC Power
Budget
FY 2026-27
Starting July 1,
2026
Cash call: following
budget approval
5 G&A,
$178,049
Phase 1,
$37,745
Phase 2,
$157,277
Phase 3,
$174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2026-27 CC Power Budget
SVCE Share
Item 5
PRESENTATION
CC Power
Budget
FY 2026-27
Starting July 1,
2026
SVCE share
approx. 13%
6 $0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
SVCE Share CC Power Total
CC Power Budget
FY 2026-27
G&A Phase 1 Phase 2 Phase 3
$547K
$4.3M
Item 5
PRESENTATION
CC Power Budget
$72K or 15% y-o-y
increase
Majority of increase is
in Phase 2 opt-in
projects
Unspent funds rollover
or are returned
7 G&A, $173,977 G&A, $178,049
Phase 1, $90,085
Phase 1, $37,745
Phase 2, $43,164 Phase 2, $157,277
Phase 3, $168,532
Phase 3, $174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2025-26
Gross Budget
FY 2026-27
Gross Budget
CC Power Budget
SVCE Share
Item 5
PRESENTATION
CC Power
Budget
8 • Cover overhead, general costs G&A • Allocated equally to all • Exploratory projects Phase 1 • Allocated proportionally to all • Opt-in: procurement, contracting Phase 2 • Allocated on custom basis • Opt-in: signed contracts Phase 3 • Allocated on custom basis G&A,
$178,049
Phase 1,
$37,745
Phase 2,
$157,277
Phase 3,
$174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2026-27 CC Power Budget
SVCE Share
Item 5
PRESENTATION
CC Power Budget
Phase 1
9 Annual
Solicitation
BTA
Strategy
BTA O&M
RFI G&A,
$178,049
Phase 1,
$37,745
Phase 2,
$157,277
Phase 3,
$174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2026-27 CC Power Budget
SVCE Share
Item 5
PRESENTATION
CC Power Budget
Phase 2:
Examples
10 Geothermal
Origination
Emerging
Tech Storage
BTA
Origination
Greenfield
Development
G&A,
$178,049
Phase 1,
$37,745
Phase 2,
$157,277
Phase 3,
$174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2026-27 CC Power Budget
SVCE Share
Item 5
PRESENTATION
CC Power Budget
Phase 3: Active
Note: contract/commodity costs
excluded
11 Tumbleweed Willow Rock Fish Lake
Ormat
Computer
Based
Trainings
Wood
Mackenzie
Subscription
Gridwell RA
G&A, Report
$178,049
Phase 1,
$37,745
Phase 2,
$157,277
Phase 3,
$174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2026-27 CC Power Budget
SVCE Share
Item 5
PRESENTATION
CC Power Budget
Phase 3: Active
Project
12 Tumbleweed Energy Storage
• Project set to reach commercial
operation in June 2026
• Phase 3 Operating costs include
scheduling coordination, contract
administration, billing and settlements
• Commodity pass through costs for
contract (cost of purchase net
of wholesale revenues) will go through
CC Power as “billing agent”
• SVCE separately gets approval and
budget authority on the commodity
pass through costs for Tumbleweed as
part of SVCE's Operating Budget G&A,
$178,049
Phase 1,
$37,745
Phase 2,
$157,277
Phase 3,
$174,297
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
FY 2026-27 CC Power Budget
SVCE Share
Item 5
PRESENTATION
Title of the
Page
Next Steps
May 20
Today
June 10
July 1
CEO voted on CC Power Budget at CC Power BOD meeting contingent on SVCE BOD approval
Seek Recommendation of the Executive Committee
CC Power FY 2026 starts
Seek SVCE BOD approval on Consent Calendar
Item 5
PRESENTATION
CC Power
Budget
FY 2026-27
Starting July 1,
2026
14 RECOMMENDATION
Staff recommends that the Silicon Valley
Clean Energy (SVCE) Executive Committee
recommend that the Board of Directors
(Board) approve annual budget for payment
to California Community Power (“CC Power”)
starting CC Power’s next Fiscal Year (July 1,
2026-June 30, 2027) in an amount not to
exceed $600,000 and delegate authority to
the Chief Executive Officer to enter
agreements using approved funds.
Item 5
PRESENTATION
Title of the
Page
Thank You
Item 5
PRESENTATION
CC Power
Budget
Prior FY
16 G&A • Overhead and Opex
• Annual solicitation
• Transmission Education and
Strategy Exploration
Phase 1
• Geothermal origination Phase 2 • Long Duration Storage origination • Projects and Contract
Management for Geothermal and
Storage resources and operations Phase 3
G&A,
$173,977
Phase 1,
$90,085
Phase 2,
$43,164
Phase 3,
$168,532
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
FY 2025-26 CC Power Budget
SVCE Share
Item 5
PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
Approving the Financial Levers
Playbook
Justin Zagunis and Monica Padilla
Executive Committee
May 2026
Item 6
PRESENTATION
2 • Recap levers and feedback
• Recommendation for Board
• How June’s approval will work
Agenda
Item 6
PRESENTATION
Recap
3 Item 6
PRESENTATION
4 Recap: SVCE’s Mission and Value Prop
MISSION: reduce dependence
on fossil fuels by providing
carbon free, affordable and
reliable electricity and innovative
programs for the SVCE
community.
Customer-Facing
Value Proposition
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PRESENTATION
5 Recap: SVCE’s Customers
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PRESENTATION
6 Recap: Forecasted Gap and Cost Components
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PRESENTATION
7 Recap: Continue to Find Ways to Close the
Gap, Including Pre-Pays, Opex Efficiencies
Data Management
9%
PG&E Service Fees
4%
Salaries and Retirement
44%
Professional Services
25%
Marketing & Promotions
5%
General and Administration
13%
Operating Forecasted Expense, 5-yr Avg
• Non-Supply Operating
Expenses represent
~10% of Budget
• ~$40M per year; ~1
cent per kWh
• 25%-50% non-discretionary expenses
• Continued savings
potential from prepays
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PRESENTATION
8 • Important to mission
• SVCE core role
• Small long-term $
impact to changing
• Ideally don’t adjust
Clean Energy Lever – Feedback
Don’t
Change
Minimize If
Needed
Current: 106% clean energy based on annual retail sales Item 6
PRESENTATION
9 Decarb Programs Lever – Feedback
Don’t
Change
Minimize If
Needed
• Important to mission
• Only SVCE is doing in a
big way, locally
• Small long-term $
impact to changing
• This is how much to
fund, Decarb Plan is
what to fund
• Ideally don’t adjust
Current: annually fund programs at 2% of retail revenues (~$7M/yr); projected use of existing program reserves is ~$19M/yr
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PRESENTATION
10 Rates Lever – Feedback
Don’t
Change
Raise If
Needed
• Not meaningfully
impacting affordability
(directly)
• Keep CARE/FERA
discount
• Competitiveness is
important
• Ongoing $ impact
• Ideally don’t adjust
Current: 1% discount to PG&E generation rate
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PRESENTATION
11 • 98% of customer accounts are on GreenStart
~60% Renewable Portfolio Standard (RPS) + 100% clean @ 1% discount to PG&E • GreenPrime
100% RPS @ 0.74 ¢/kWh premium compared to GreenStart
• GreenPrime Direct
Custom arrangement for large commercial customers – must cover all costs, be 100% clean, and commit to a term/contract
Split Product Offerings: Keep Customer
Choice While Raising Rate if Needed
Current:
Split Product Concept:
• Move the default GreenStart to a premium and create new opt-down at a discount to PG&E (less clean, program ineligibility)
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PRESENTATION
12 Financial Forecast Has Been Changing Since
March
Midyear
Estimate
Current
Estimate
Variance
FY2026 ($12,000,000) $4,000,000 +$16,000,000
FY2027 ($131,000,000) ($143,000,000) -$12,000,000
Change in Net Position / Available for Reserves (still using Oct-Sep fiscal year) Power supply cost forecast has come down, resulting in improved ‘Change to Net Position’ estimate for FY2026 and a worse number for FY2027 Data as of May 13th
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PRESENTATION
0 100
200
300
400
500
600
700
FY2026 FY2027 FY2028 FY2029 FY2030
Days Cash on Hand (DCOH)
DCOH Forecast by End of Year (incl. unspent program dollars) 13 • New rate proceedings
• Large load legislation
• Updated IRP runs
• New procurement orders
• Credit rating improvement
• Integrated Decarb Plan
discussions
• Continued review of opex and
increased efficiencies
Other Things Have Been Changing Since
March
Max
Target
Min
Base Case
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PRESENTATION
Recommendation and
projected impacts
14 Item 6
PRESENTATION
15 • Ongoing search for cost savings and efficiencies
• Maintain current levels of clean, programs, and rate discount (at minimum)
• If needed, introduce split product offerings to assess opt-out risk and interest:
• One cheaper than PG&E but less clean and no program participation • One same as current default but at premium
• Scale up costs for both products over time if needed
• Incorporate small reduction/pause in programs
And direct staff to plan to continue as-is for 2026 and 2027 Staff Recommends the EC Recommend the Board
Approve the Playbook of:
Item 6
PRESENTATION
How this “playbook”
approval will work
16 Item 6
PRESENTATION
17 1. Get “playbook” approved today – capturing priorities between levers
2. Staff monitors financial situation
3. At every future budget decision, staff will propose changes based on this playbook if needed (along with alternatives)
4. New Integrated Decarb Plan will lay out how SVCE can prioritize across programs portfolio at any expenditure level
Direction Today (June), Action in the Future
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PRESENTATION
0 100
200
300
400
500
600
700
FY2026 FY2027 FY2028 FY2029 FY2030
Days Cash on Hand (DCOH)
Example 1 DCOH Forecast by End of Year
(incl. unspent program dollars)
18 Scenario: next few years happen as forecasted
Example 1: Continued Decline Path A
• 2026 and 2027: continue as-is, with efficiency
improvements and cost savings
• 2028: new split products
• Default: 4% premium, clean and eligible for programs
• Opt-down available at 1% discount, some emissions, and ineligible for programs
• FY28 sees a 5% program spend reduction
• 2029: raise rates
• Default: move to 8% premium
• Opt-down: 3% premium for opt-down
• FY29 sees a 10% programs spend reduction
• 2030+: new proposals based on conditions
Will revisit during FY if needed
Base Case
Example Forecast
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PRESENTATION
0 100
200
300
400
500
600
700
FY2026 FY2027 FY2028 FY2029 FY2030
Days Cash on Hand (DCOH)
Example 2 DCOH Forecast by End of Year
(incl. unspent program dollars)
19 Scenario: next few years happen as forecasted
Example 2: Continued Decline Path B
• 2027: take action to introduce split products one
year earlier than previous example
• 2028: stay with those products; no increase
• 2029: stay with those products; no increase
• 2030+: new proposals based on conditions
Will revisit during FY if needed
Base Case
Example Forecast
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PRESENTATION
0 100
200
300
400
500
600
700
FY2026 FY2027 FY2028 FY2029 FY2030
Days Cash on Hand (DCOH)
Example 3 DCOH Forecast by End of
Year (incl. unspent program dollars)
20 Scenario: FY2027 is negative, but later years improve Example 3: Delayed Improvement
• 2026 and 2027: continue as-is, with efficiency
improvements and cost savings
• 2028: new split products:
• Default: 4% premium, clean and eligible for programs
• Opt-down available at 1% discount, some emissions, and ineligible for programs
• FY28 sees a 5% program spend reduction
• 2029: lower rates
• Default: move to 1% discount
• Opt-down: 4% discount for opt-down
• Return to full programs spend
• 2030+: new proposals based on conditions
Will revisit during FY if needed
Base Case
Example Forecast
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PRESENTATION
Re-stating recommendation
and discussion
21 Item 6
PRESENTATION
22 • Ongoing search for cost savings and efficiencies
• Maintain current levels of clean, programs, and rate discount (at minimum)
• If needed, introduce split product offerings to assess opt-out risk and interest:
• One cheaper than PG&E but less clean and no program participation • One same as current default but at premium
• Scale up costs for both products over time if needed
• Incorporate small reduction/pause in programs
And direct staff to plan to continue as-is for 2026 and 2027 Staff Recommends the EC Recommend the Board
Approve the Playbook of:
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PRESENTATION
Today we are seeking a recommendation
for approval
Exec Committee
Oct 2025
Board
(introduction to
concepts)
Dec 2025
Exec Committee
Finance & Admin
Board
(specific modeled
scenario)
Feb/Mar 2026
Exec Committee
Finance & Admin
Board
(final decisions on
preferred approach)
May/Jun 2026
Board Study Session
(initial feedback on
values and priorities)
Dec 2025
Board (as
needed,
incorporate in
budget)
Sep 2026+
*Timeline subject to change
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PRESENTATION
24 • September 2026: Approve Stub Budget (Oct to Dec 2026) • October 2026: Integrated Decarb Plan Approval
• December 2026: CFY2027 Budget Approval
• June 2027: Midyear Budget Adjustment
• December 2028: CFY 2028 Budget Approval
Next Steps After Playbook Approved
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PRESENTATION
Thank you
25 Item 6
PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
Proposal to Extend the Go
Electric Advisor Program
Jessamyn Allen
May 2026
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PRESENTATION
2 Today’s Agenda
Overview of the Go Electric Advisor program
• What is it?
• Uptake
• Learnings
Staff recommendation to extend the Advisor program
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PRESENTATION
3 Go Electric
Advisor program
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PRESENTATION
4 Goal is to answer the customer’s question
“How do I electrify my …”
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PRESENTATION
5 Phone Hotline and Web Interface
White-glove assistance
General
Questions
External Program
Referrals
Incentive layering
assistance
Technical
Assistance
Electrification
Plans
SVCE Program
Referrals
Item 7
PRESENTATION
6 GEA connects customers across programs
Home
Rebates &
EV Rebates
Assisted
Home
Upgrades
On-Bill
Financing
Full-Service
Home
Upgrades
Level of customer support
Low
High
Go Electric Advisor
Difficulty of Paying for Electrification High
Item 7
PRESENTATION
June 2023 Dec 2023 Aug 2026
SVCE -SMUD
contract executed
Service went live Current contract
end
Program Timeline
Original 39 -month contract with SMUD for implementation We are here
June 2028
Proposed
extension end date
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PRESENTATION
Service is live
Weekdays 9AM -5PM
GoElectric.SVCleanEnergy.org
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PRESENTATION
Program Uptake
Dec ’23 – April ’26
Advisors have supported over 3,500 customers since launch Item 7
PRESENTATION
Program Uptake
Higher uptake & more web contacts than initially forecasted Year Hotline
Phone
Web
Email & Chat
Forecast Actual Forecast Actual
1 1000 391 200 174
2 1200 1526 240 720
3 1440 507 288 198
Year 1 = Dec '23 (launch) - Nov '24. Year 2 = Dec '24 – Nov '25. Year 3 = Dec '25 – April '26 Item 7
PRESENTATION
Program Uptake
Home Rebates & incentive layering assistance
Project costs & bill impacts
How -to guidance – permitting, finding contractors, etc.
Project quote walk -throughs
Equipment options & technical assistance
Electrification plans
Top customer inquiries & additional advisor services
Item 7
PRESENTATION
"I’m planning a remodel. Who can I talk to about electrification ?" "I’m trying to add a HPWH and induction stove, but I’m facing a panel upgrade. What should I do ?"
"I’m considering a heat pump for my manufactured home. What are my options & what are typical costs? Can I add solar to offset any increases in my electricity bill ?"
Program Uptake
"What rebates are available for my heat pump heating & cooling system ?" Actual customer inquires to SVCE
Item 7
PRESENTATION
13 Original goals for GEA
Goal Findings
Incentive layering assistance • Dominates customer inquiries • Advisors provide up -to-date info on incentive & funding changes Program/resource referrals
• Customers interested in our ‘getting started’ resources (e.g. contractor lists) • Strong interest in project costs & bill impacts
• Advisors helpful for EV rebates customer inquiries
“White -glove” service • Customers rank service highly & really appreciate in -person support Technical assistance • Technical assistance calls not as frequent as expected. Customers rely on contractors if they already have a project started.
Promote whole -home electrification • Saw lower uptake of electrification plans than expected but see similar trends in Home Rebates (upgrades are typically 1 appliance at a time vs. whole home) Item 7
PRESENTATION
14 Plan for extension
Item 7
PRESENTATION
15 Continued need for advisory services
1. Air District implementation
Live resource fluent on Air District rules seen as important to Rule implementation.
2. Strong member agency support
GEA linked on many member agency websites & cities actively refer customers. Several CCAs have established identical services.
3. Continued need for SVCE customer program support
Home Rebates questions to continue. Advisors provide valuable referrals & clarity to customers on SVCE offerings.
Item 7
PRESENTATION
16 Proposed extension
Current Extension Total
Program
Budget
$892,000
Current SMUD contract NTE
$108k remaining as of Mar 2026
$700,000
SMUD contract NTE increased by
$650k. Additional $50k set aside
for contingency.
SMUD allocation will cover
customer support, admin, and
database costs.
$1,592,000
New SMUD contract NTE will be
$1.542M
Term June 2023 – Aug 2026 Sept 2026 – June 2028 June 2023 – June 2028 60 months (total)
Customer
Contacts
3,539
Number of contacts through April
2026
3,800
Estimated
7,940
Estimated (total)
Item 7
PRESENTATION
17 Alternatives
Pros Cons Estimated Timeline
Impact
Sunset the Go
Electric Advisor
• No additional funding • Higher Homes Rebates
administration costs
• Loss of customer support
Services ends August 2026
Move the Go
Electric Advisor in -
house
• Lower implementation costs
• More staff control over
customer experience
• Loss of live service &
technical expertise
• Requires deprioritization of
other programs and tasks
Pause in service for at least 3
months to train staff & bring
service in -house
Pause the Go
Electric Advisor &
issue solicitation for
alternative vendor
• Potentially lower
implementation costs for
customer support services
• Potentially better support
and experience
• Significant start -up costs for
new vendor
• Temporary loss of service
• Additional effort and may
select current vendor in any
case – they are doing a very
good job
Pause in service for at least 6
months to issue solicitation,
contract, & start -up new service
Item 7
PRESENTATION
Action
18 Staff requests that the Silicon Valley
Clean Energy Executive Committee
recommend the Board of Directors
approve an allocation of $700,000 of
programs fund dollars to extend the Go
Electric Advisor program and authorize
the CEO to execute an amendment with
SMUD to extend the term through June
2028 and set a new NTE amount of
$1.54M
Item 7
PRESENTATION
19 Thank you!
Questions?
Item 7
PRESENTATION