• Subtitle
New SV Clean Energy
PowerPoint Template
2027 Integrated
Decarbonization
Roadmap
October 14th, 2026
Item 3
PRESENTATION
2 Staff Request
Action item requested:
Recommend that the Board of Directors approve the
2027 Integrated Decarbonization Roadmap, including the
2045 decarbonization goal, targets, principles, priorities, and outcomes presented today.
Item 3
PRESENTATION
3 Decarbonization Roadmap Organization
Path to 2045 Decarbonization
• SVCE Decarbonization Goal
• Targets
• SVCE Role
• Progress to Date
• Phases to 2045
2027 –2032 Detailed Roadmap
• SVCE Decarbonization Principles
• Decarbonization Priorities
• Outcomes
• (Detailed areas of focus) not today
• (Measuring Progress) not today
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PRESENTATION
4 Recommendations enable flexible planning if budget
changes; forecasts based on current budget.
Higher Budget ($24M/yr)
Medium Budget ($12M/yr)
Lower Budget ($6M/yr)
CURRENT FORECAST
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PRESENTATION
5 Roadmap builds off eight years of achievements and
lessons learned.
Achievements
• Met 100% of energy demand with
clean energy 9 out of 10 years.
• Contracted for > 1,000 MWs of NEW
renewable energy and 2,000 MWh of
NEW storage.
• Supported reach codes that could add
> 10,000 residential heat pumps while
lowering costs.
• Built holistic program portfolio adding
> 5,000 heat pumps and 750 EV
chargers.
Lessons Learned
• Regulations and market forces can increase
prices beyond what is reasonable
• Member agency action is one of the most
powerful levers for electrification
• Electrification scale, speed, and cost vary
based on design, technology, and site
conditions; targeted programs can
accelerate deployment and lower costs
• SVCE drives strong innovation when it
focuses on specific, timebound challenges
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PRESENTATION
6 The 2018 Decarbonization Roadmap set a series of interim GHG goals, but did not include targets or outcomes.
2018 Goal:
"Reduce GHG emissions from 2015 baseline
levels 30% by 2021, 40% by 2025, and 50% by
2030."
We need a goal that officially extends beyond
2030, aligns with current state
goals, incorporates the need to adjust spending
based on the Financial Levers Playbook, and
includes measurable targets and outcomes that
are beyond emissions.
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PRESENTATION
7 Proposed 2027 –2045
SVCE Decarbonization Goal:
Drive the SVCE region to fully electrify every
building and vehicle by 2045 and power it with
clean energy.
NOTE:SVCE measures its clean targets on an annual basis. SVCE defines clean resources to include RPS-eligible resources and carbon-free large hydroelectricity and nuclear energy.
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PRESENTATION
8 Targets for electrification help more effectively
measure progress towards this 2045 goal.
2025 Baseline -
Electrified
Equipment 2032 Target 2038 Target
2045 Target
(100%
Electrified)
Light -Duty Vehicles 75,000 132,000 200,000 451,500
Residential HVAC 29,000 75,000 130,000 271,000
Residential Cooking 9,700 40,000 110,000 281,500
Residential Water Heaters 4,000 35,000 85,000 252,000
Commercial HVAC 3,800 5,500 8,500 10,500
Commercial Water Heaters 100 600 2,200 6,500
Proposed Targets*
*Data sources on appliance adoption are rapidly evolving and proposed targets and baseline numbers presented above are subject to change based on future research .
Item 3
PRESENTATION
9 Summary Proposed Goal & Targets
Replace 2018 Goal With New Goal: Drive the SVCE region to fully electrify every building and vehicle by 2045 and power it with clean energy.
• 2045 goal aligns with state AB 1279 carbon neutrality commitment • Codifies SVCE's leadership and focus on electrification and clean energy Add Targets: Develop targets for building appliances and passenger vehicles.
• SVCE will serve as the regional hub for tracking progress, modeling uptake, and sharing successes and failures
• Targets reported on every 2 –3 years; emissions reporting continues annually • Note: Targets may need to be revised based on future research and evaluation Item 3
PRESENTATION
10 SVCE advances goal by working across four areas.
Build Clean Power Supply Catalyze Local Government
Capacity
Serve as Customer and Community
Resource Advance Thought Leadership
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PRESENTATION
11 Challenge: Emissions decreased, then plateaued and
don't appear to be on track to hit 2030 goal.
Source: SVCE 2024 GHG Inventory
Data for 2016 not
collected since prior
to SVCE launch
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PRESENTATION
12 Deep decarbonization will not be linear. More likely to be a series of plateaus and ramps.
2027 2032 2038 2045
Solving cost issues
Reducing friction
Refining tech
Accelerated
deployment
Planned
systemic
deployment
In these next 6 years, we need to reduce barriers
and create increased market change.
Eventually incremental change
becomes exponential.
Greenhouse Gas Emissions
Note: chart is illustrative
This is still optimistic;
spikes are feasible.
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PRESENTATION
13 Adoption is growing, but still nascent.
Where we
are today
Technology type Interim targets Ultimate goal
Technology Type
2025 %
Electrified 2032 Target* 2038 Target* 2045 Target
Commercial HVAC 36% 52% 80% 100%
Light-Duty Vehicles 17% 29% 44% 100%
Residential HVAC 11% 28% 48% 100%
Residential Cooking 3% 14% 39% 100%
Residential Water Heaters 2% 14% 34% 100%
Commercial Water Heaters 2% 9% 34% 100%
Note: "Commercial" refers to typical Small -to-Medium Business equipment, specifically packaged rooftop HVAC units no larger than 20 Tons and hot water heaters with unitary storage tanks no larger than 120 gallons. *Developing specific targets will require dedicating resources for further study and evaluation. Proposed targets presented above are subject to change based on future research.
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PRESENTATION
14 PROVE (2020 -2026)
• Build support and
awareness
• Launch early programs
and new construction
reach codes
• Learn what is
deployable and
feasible
14 DEVELOP (2027 -2032)
• Deploy where most
feasible to increase
demand and lower
overall costs
• Adoption is mostly
driven by residential
• Continued
experimentation and
policy efforts to reduce
barriers
BUILD (2033 -2038)
• Standardization of EV
charging
• Standardization of BE
retrofits
• Increased adoption of
nonresidential
electrification
DEPLOY (2039 -2045)
• Managed gas
transition planning for
system -wide
decommissioning
• EV charging fully
replaces gas fueling
stations
• Focus on hardest -to-electrify segments
such as restaurants,
high temperature
process heating, etc.
2025: 105K 2032: 270K 2038: 535K 2045: 1M +
Building a long -term path to deep decarbonization requires a phased approach that eventually reaches all.
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PRESENTATION
15 How can we ensure progress when progress is
so uneven?
The updated Roadmap structure aims to tackle this challenge:
1. Proposed 2045 goal hones in on SVCE's areas of focus and makes long - term ambitions crystal clear.
2. Targets for appliances and vehicles combine with existing clean portfolio targets allowing us to measure our primary objective.
3. A phased approach assures that we are supporting structural change for long -term success.
4. Identifying specific outcomes for each phase helps measure progress when emissions are slower to move.
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PRESENTATION
16 Focus 2027 –2032: Develop
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PRESENTATION
17 The 2027 –2032 decarbonization principles articulate Board direction and inform all recommendations.
1. Build a long -term clean power portfolio by pragmatically balancing risks and costs and selectively investing in innovative solutions.
2. Support and partner with member agencies to catalyze emissions reductions and scale decarbonization at a lower cost.
3. Focus on the most cost -effective and market -ready solutions to increase demand, lower costs, and lead to widespread adoption.
4. Scale impact through knowledge sharing from the lessons learned from programs, research, and pilots.
5. Reach all customers through SVCE programs .
PRINCIPLES
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PRESENTATION
18 1. Where least cost/best fit,
integrate local resources
and demand flexibility
into portfolio planning
2. Lower building
electrification costs,
especially heat pumps
3. Increase access to
affordable, reliable EV
charging solutions
4. Scale impact through
knowledge sharing
2027–2032
Priorities
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PRESENTATION
Priority 1: Where least cost/best fit, integrate local resources and demand flexibility into portfolio planning.
19 Challenge Statement
Rising load, evolving regulations, and market uncertainty are straining the path to clean portfolio targets. In addition to prudent portfolio management, new solutions — including matching demand closer to supply and the potential to leverage demand as a supply -side resource —could play a small, but important role, in long -term success.
Recommendations (2027 –2032)
1. Build a process to identify local energy projects that incorporate stakeholder input.
2. Quantify the value of demand flexibility across multiple value streams.
3. Scale demand flexibility when it provides power supply benefits that outweigh the costs, while sharing clear learnings to inform policy and market design.
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PRESENTATION
Priority 2: Lower building electrification costs, especially heat pumps.
20 Challenge Statement
High upfront costs are the fundamental barrier to adoption. Reduced federal rebates and policy changes magnify this issue, while the forthcoming Bay Area Air District appliance regulations create both additional opportunities and challenges.
Recommendations (2027 –2032)
1. Take a multi-pronged approach that includes contractor engagement, permit reform, and targeted rebates to increase demand and drive down cost of electrification.
2. Support customers, contractors, and Member Agencies to adapt to the Bay Area Air District zero -NOx appliance standards.
3. Prepare to phase out HVAC incentives as market reaches maturity.
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PRESENTATION
Priority 3: Increase access to affordable, reliable EV charging solutions.
21 Challenge Statement
The rollback of federal investment and commitments of auto manufacturers will likely slow EV adoption and make the future of EV charging unclear. SVCE needs to continue to support adoption while avoiding high -risk investments.
Recommendations (2027 –2032)
1. Focus on stable, reliable, long -term charging solutions.
2. Advocate for policy changes that make charging more affordable for multifamily residents.
3. Monitor market changes and adapt programmatic support as needed.
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PRESENTATION
Priority 4: Scale impact through knowledge sharing.
22 Challenge Statement
The SVCE Board has shown bold leadership and commitment to building a clean energy future. SVCE must leverage lessons learned to transform its commitment to trying new approaches into an invaluable resource that can guide the clean energy transition.
Recommendations (2027 –2032)
1. Publish 2 –3 key learnings for decarbonization each year.
2. Operationalize annual decarbonization reporting metrics.
3. Incorporate findings from data and analysis to continuously improve programs and refine planning approaches.
Item 3
PRESENTATION
By focusing on key outcomes, SVCE will help move the
region from Develop to Deploy phase by 2033.
1. SVCE will have identified at least three priority locations for potential local generation development and begun implementing feasible projects.
2. SVCE will have identified pathways for incorporating demand flex into long -term portfolio planning.
3. Heat pump HVAC will outsell air conditioners with gas furnaces with no incentives, and average HPWH retrofit projects will cost 20% less than today.
4. There will be twice the number of EV charging stations available to residents at existing multifamily buildings.
5. SVCE will have published 10 decarbonization learnings and shared them with stakeholders on a statewide level.
OUTCOMES
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PRESENTATION
The most important part of a plan comes after it is adopted. 24 The roadmap was developed with implementation in mind. • Staff from across the organization have co -created the recommendations. • The full decarbonization roadmap document translates these four strategic priorities into detailed recommendations across 10 sectors. • The detailed recommendations are based on functional areas within SVCE so they can be most effectively implemented by staff. • Staff will report on progress towards outcomes annually.
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PRESENTATION
Reporting Progress
Reporting practices to evaluate progress, guide decision making, and increase overall transparency:
• Develop a standardized set of reporting metrics to evaluate progress towards the Decarbonization Priorities identified.
• Report on decarbonization program performance annually using these reporting metrics.
• Provide interim updates to the Decarbonization Roadmap every three years to gauge progress and adjust priorities or strategies, as needed, to reflect learnings or changes to the broader ecosystem SVCE operates within.
• Update the Decarbonization Roadmap plan every six years to refine priorities, provide updates on electrification goals and targets, and recommend strategies for implementation.
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PRESENTATION
The final roadmap is the culmination of over one year of Board, EC, and stakeholder discussions.
*Timeline subject to change
BOD Study
Sessions: values
and priorities
Dec. 2025
MAWG and
Community
Leaders
workshops
Feb. 2025
Board info item:
Targets and
Pathways
Apr. 2026
EC discussion:
Vision and Role
Board item: final
roadmap for
adoption
Jun. 2026 Oct. 2026
EC discussion:
Targets and Pathways
Mar. 2025
EC: final roadmap
content preview
for discussion
Aug . 2026
26 Item 3
PRESENTATION
Summary of Proposed Recommendations for Adoption (1 of
3)
27 2027 -2045 SVCE Decarbonization Goal:
“Drive the SVCE region to fully electrify every building and vehicle by 2045 and power it with clean energy.”
Proposed Electrification Targets*:
2025 Baseline -
Electrified
Equipment 2032 Target 2038 Target
2045 Target (100%
Electrified)
Light -Duty Vehicles 75,000 132,000 200,000 451,500
Residential HVAC 29,000 75,000 130,000 271,000
Residential Cooking 9,700 40,000 110,000 281,500
Residential Water Heaters 4,000 35,000 85,000 252,000
Commercial HVAC 3,800 5,500 8,500 10,500
Commercial Water Heaters 100 600 2,200 6,500
*Data sources on appliance adoption are rapidly evolving and proposed targets and baseline numbers presented above are subjec t to change based on future research .
Item 3
PRESENTATION
Summary (2 of 3)
28 Decarbonization Principles (2027 –2032)
1. Build a long -term clean power portfolio by pragmatically balancing risks and costs and selectively investing in innovative solutions.
2. Support and partner with member agencies to catalyze emissions reductions and scale decarbonization at a lower cost.
3. Focus on the most cost -effective and market -ready solutions to increase demand, lower costs, and lead to widespread adoption.
4. Scale impact through knowledge sharing from the lessons learned from programs, research, and pilots.
5. Reach all customers through SVCE programs.
Decarbonization Priorities (2027 –2032)
1. Where least cost/best fit, integrate local resources and demand flexibility into portfolio planning.
2. Lower building electrification costs, especially heat pumps.
3. Increase access to affordable, reliable EV charging solutions.
4. Scale impact through knowledge sharing.
Item 3
PRESENTATION
Summary (3 of 3)
29 Outcomes (2027 -2032)
1. SVCE will have identified at least three priority locations for potential local generation development and began implementing feasible projects.
2. SVCE will have identified pathways for incorporating demand flex into long -term portfolio planning.
3. Heat pump HVAC will outsell air conditioners with gas furnaces with no incentives, and average HPWH retrofit projects will cost 20% less than today.
4. There will be twice the number of EV charging stations available to residents at existing multifamily buildings.
5. SVCE will have published 10 decarbonization learnings and shared them with stakeholders on a statewide level.
Item 3
PRESENTATION
Staff request
30 Action item requested:
Recommend that the Board of Directors approve the
2027 Integrated Decarbonization Roadmap, including the
2045 decarbonization goal, targets, principles, priorities, and outcomes presented today.
Note: Funding for Roadmap recommendations comes from previously approved budget and is designed to enable flexible planning when budgets change.
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PRESENTATION
31 APPENDIX
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PRESENTATION
32 Definition of Key Terms
Term Definition
Goal A long -term, measurable, overarching decarbonization objective Targets The number of passenger vehicles and building appliances that must be electrified to meet SVCE's long -term decarbonization goal Principles Core values that guide the SVCE decarbonization priorities, decision making, and resource allocations
Priorities Key recommendations that bridge SVCE's long -term goal with targets and outcomes over the next six years
Outcomes The results from SVCE investments, such as reduced costs to electrify, that will accelerate market deployment by solving challenges critical to reaching targets
Item 3
PRESENTATION
33 0
50,000
100,000
150,000
200,000
250,000
300,000
2025 2030 2035 2040 2045
Total Cumulative Installed HPWHs
Projected SVCE Territory HPWH Installs by 2045
Market Sales (Baseline) Statewide Building Codes
Air District Rules Member Agency Code Enhancements
SVCE Rebates and Incentives SVCE Ecosystem Improvement
Innovation and Technology Improvements Targets 33
HPWH requires more innovation or funding, growth
driven by policy; SVCE plays critical role.
HPWH Pathway:
• Based on best
available market
studies, forecasts, and
program data.
• Conservative Air
District compliance
(starts at 20%) grows
slowly.
• Current SVCE
program budget.
Item 3
PRESENTATION
34 0
100,000
200,000
300,000
400,000
500,000
2025 2030 2035 2040 2045
Total Cumulative Registered EVs
Projected SVCE Territory Light -duty Electric Vehicles by 2045 Market Sales (Baseline) Statewide Building Codes
Member Agency Code Enhancements SVCE Rebates and Incentives SVCE Ecosystem Improvement National Market Changes
Targets 34
EVs have high uncertainty due to recent policy changes; SVCE’s role is important but less influential.
Consumer demand supported by
policies are the main driver in EV
adoption.
Statewide building code and SVCE
programs help grow adoption by
increasing access to charging.
Recommitments to EVs at a
federal level are likely necessary
to meet 2045 targets.
Pathway based on current budget.
Item 3
PRESENTATION
35 0
50,000
100,000
150,000
200,000
250,000
300,000
2025 2030 2035 2040 2045
Total Cumulative HP HVAC Installs
Projected SVCE Territory HP HVAC Installs by 2045
Market Sales (Baseline) Statewide Building Codes
Air District Rules Member Agency Code Enhancements
SVCE Rebates and Incentives SVCE Ecosystem Improvement
Targets
Consumer demand is stronger
for HVAC compared to HPWH
as HP HVAC is more cost
competitive and delivers real
individual value today.
Statewide, Air District, and local
polices key to adoption.
Pathway reflects rebates
ending after 2033.
35 HP HVAC is on track; policy + AC demand key driver;
SVCE support can phase out sooner.
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PRESENTATION
36 Key Assumptions and Methodology Overview
Methodology was built on data and published studies whenever possible, and conservative but realistic estimates where needed.
Category Source
Market Sales (Baseline) California Heat Pump Partnership Blueprint (2025) CalMTA Induction Cooking Market Characterization Report (2024) BloombergNEF Vehicle Sales Outlook (2025)
CalMTA Commercial Rooftop Units Market Characterization Report (2025) SVCE Programs SVCE 2025 Programs impact data
Statewide Building Code Housing and Community Development (HCD) RHNA Data with SME assumptions for new construction compliance
Air District Bay Area Air District Rules 9 -4 and 9 -6 with SME assumptions for starting compliance and annual compliance growth
Member Agency Codes City of Mountain View reach code forecast Electric Readiness and 2 -Way AC ordinances with SME assumptions for starting compliance and annual compliance growth
Policy Compliance Support SVCE SME assumptions
Item 3
PRESENTATION
37 Consumer demand alone won't achieve targets.
Sources:
1. California Heat Pump Partnership Blueprint (2025)
2. CalMTA Induction Cooking Market Characterization Report (2024)
3. BloombergNEF Vehicle Sales Outlook (2025)
0%
20%
40%
60%
80%
100%
Water Heating Space Heating Cooking Vehicles
Percent Total Machines Electrified
Percentage of Total Machines Electrified by 2045 through Natural Market Adoption
37 Estimated Percentage of Total Machines Electrified by 2045 through Natural Market Adoption
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PRESENTATION
38 Climate targets require electrifying >1M appliances
and cars by 2045.
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PRESENTATION
39 SVCE influences over 90% of residential emissions,
but less than 60% of non -residential emissions.
Sources:
1. SVCE 2024 GHG Inventory
2. CEC Commercial End -Use Survey (CEUS)
3. SVCE 2022 Market Segmentation Study
39 Note: percentage emissions by end -use category are estimates and intended to be illustrative.
Residential Building
emissions influenced
by current
SVCE Programs: 93%
Non-Residential
Building emissions
influenced by current
SVCE Programs*:
58%
*Lower percentage due to
lack of market -ready
electrification solutions for
industrial and food service
sectors.
Item 3
PRESENTATION
1 Item 4: Authorize the Chief Executive Officer to Execute a Power Purchase Agreement with Tarantula Canyon, LLC
SVCE Board Meeting
October 14, 2026
Item 4
PRESENTATION
2 Request
Authorize the Chief Executive Officer to execute an Interconnection Process Enhancements Power Purchase Agreement (IPE PPA) agreement with Tarantula Canyon, LLC for the procurement of co-located solar energy and battery energy storage system (BESS) in substantial form and any non-substantive sequential amendments and ancillary agreements as follows:
1. Tarantula Canyon LLC (PPA)
a) 150 megawatt (MW) or approximately 440,000 megawatt hours (MWh) per year of renewable and clean energy;
b) 150 MW or 600 MWh 4-hour lithium-ion BESS;
c) 20-Year term PPA with expected commercial operation date (COD) of December 1, 2032; d) Total amount not-to-exceed $1.2 Billion, subject to a subsequent Amended and Restated PPA Item 4
PRESENTATION
3 Executed Long-Term PPAs
• 17 PPAs Online
• 1,158 MW of
nameplate capacity
online
• 1,696 MW of
nameplate capacity
executed
• 65% RPS expected in
2032
SVCE has 17 of its 26 PPAs
online
Item 4
PRESENTATION
4 SVCE Cluster 16 RFO
• CAISO Interconnection Process
Enhancements (IPE) Process for
Queue Cluster 16 (QC16): The
CAISO’s new process for prioritizing
which products to include in
interconnection studies
• Projects need Commercial Interest
Points (CIP) in order to successfully
apply for interconnection
• Load Serving Entities (LSEs), like
SVCE, are awarded CIPs
• SVCE intends to assign all of its CIPs
in order to support projects in
applying for interconnection to ensure
a robust pipeline of projects coming
online
• SVCE requires exclusivity on any
project to which it assigns points
• Deadline to assign points is late
October 2026
• SVCE launched solicitation in July 2026 seeking existing resources and CAISO Queue Cluster 16 resources
• Agreement type: Interconnection Process Enhancements PPA (IPE PPA):
• Contract designed to step up (or down) as project moves through interconnection queue
• Designed to be replaced by an Amended & Restated PPA once the interconnection studies are complete, when costs and timeline are better understood
• Prices and dates in the current contract are indicative • SVCE has the option but no obligation to sign an A&R PPA • SVCE will seek Board approval prior to execution of an A&R PPA.
Item 4
PRESENTATION
5 Tarantula Canyon, LLC
• ~8-9% of SVCE’s retail sales
• IRP GHG reduction target
• 75% RPS by 2030
• SB100 Clean Energy target
of 100% by 2045
• Meets long-term RPS
requirements
• Supports GreenStart and
GreenPrime
• Provides Resource
Adequacy
• Support future prepays
• Can count towards CPUC
Procurement Orders
• Tarantula Canyon Project
• Nye County, Nevada
• Parent Company: NextEra Energy Resources Development
Project
• 150 MW New Solar Project Size • 150 MW New 4-hour Battery Storage • ~440 GWh annual PCC1 Renewable Energy Products • MTR and RA countable • 20-year, solar starting 12/2032 and storage starting 6/2035 Expected Delivery Term Start
• Fixed price ($/kW-mo) for Resource Adequacy and ($/MWh) for Metered Energy. No Escalator
Contract Price
Structure
Item 4
PRESENTATION
6 Annual RPS Progress
Tarantula Canyon will
help SVCE meet ongoing
SB100 RPS requirements
as well as SVCE’s Agency
RPS target that climbs to
100% in 2035
SB100 Carbon Neutral
targets per SB 1020
60% by 2030
90% by 2035
95% by 2040
100% by 2045
SVCE RPS and Clean Energy Position with Proposed Tarantula Canyon Volumes Item 4
PRESENTATION
7 Tarantula Canyon Project Risk
All power supply projects carry risk which may be managed through sound contract provisions, proper portfolio oversight and diversification of technology, location, tenor and counterparty.
• Opportunity Cost for QC16 Points:
• There is opportunity cost in allocating Commercial Interest Points to a project that may not reach COD or may end up with noncompetitive pricing
• Project is one of very few projects in the queue that may be eligible for solar tax credits due to siting on BLM land
• Development Risk:
• High interconnection risk: QC16 projects have highly uncertain timelines and interconnection costs. • Shortlist deposit helps offset this risk to SVCE
• Upon execution of an A&R PPA, Development Security offsets development risk • Performance Risk:
• Solar/Storage ratio is 1:1, which will mitigate curtailment risk • NextEra is an experienced counterparty in CAISO
• Performance Security offsets performance risk
Item 4
PRESENTATION
8 Summary
Tarantula Canyon Project diversifies SVCE’s portfolio while meeting clean objectives
• Contributes an additional 8-9% of RPS-eligible energy on an annual basis • Helps meet clean energy goals, SB 100, SB 350 and SB 1020 • Reduces GHG emissions
• Can provide Resource Adequacy capacity
• Can help meet CPUC Procurement Orders
• Co-located solar and storage balance hourly clean energy and capacity positions • Provides net positive portfolio value
• Can support future prepay volume needs
The agreement provides SVCE with exclusivity on the project in exchange for assignment of Commercial Interest Points (CIPs) in the CAISO Queue Cluster 16 process.
Item 4
PRESENTATION
9 Request
Authorize the Chief Executive Officer to execute an Interconnection Process Enhancements Power Purchase Agreement (IPE PPA) agreement with Tarantula Canyon, LLC for the procurement of co-located solar energy and battery energy storage system (BESS) in substantial form and any non-substantive sequential amendments and ancillary agreements as follows:
1. Tarantula Canyon LLC (PPA)
a) 150 megawatt (MW) or approximately 440,000 megawatt hours (MWh) per year of renewable and clean energy;
b) 150 MW or 600 MWh 4-hour lithium-ion BESS;
c) 20-Year term PPA with expected commercial operation date (COD) of December 1, 2032; d) Total amount not-to-exceed $1.2 Billion, subject to a subsequent Amended and Restated PPA Item 4
PRESENTATION