Item 9
VALLEY CLEAN ENERGY ALLIANCE
Staff Report – Item 9
____________________________________________________________________________________ TO: Board of Directors
FROM: Edward Burnham, Chief Financial Officer
SUBJECT: Budget Amendment for California Community Power Projects Exploration and Execution DATE: April 11, 2024
RECOMMENDATION
1. Approve 2025 Budget Increase of $108,000 for California Community Power’s annual budgeted expenses from $216,000 annually to $324,000.
BACKGROUND & ANALYSIS
On April 8, 2021 through VCE Board Resolution 2021-010, the Board approved application to join California Community Power (CC Power), a joint powers agency comprised of several CCAs to facilitate joint procurement of power projects and services. The purpose of California Community Power or “CC Power” Joint Powers Authority is to acquire energy, capacity, storage or other energy products on a scale that the individual members most likely would not be able to achieve on their own.
On December 12, 2024, the Board approved the VCE 2025 Budget (Calendar Year) including estimated $175,000 in annual dues and $41,000 for projects for an annual total of $216,000.
CC Power is on a July to June fiscal year (FY) Budget and recently approved its 2025-2026 FY budget.
CC Power’s FY 2025-2026 Budget includes an additional $190,000 in estimated costs for new or soon-to-launch projects for a FY annual total of $406,000 ($34,000 monthly). Examples of CC Power expenses include normal operating costs, WoodMac Data & Reports, and project costs for long duration storage, geothermal origination, GreenGen Storage, RA Optimization tool, and wind projects. Many of these efforts benefit from economies of scale and would be outside VCE’s ability to pursue in a cost effective manner.
CONCLUSION
Staff is seeking approval budget amendment of $108,000 for 2025 CC Power Expenses.