1 yvonnehunterphotography.com
Valley Clean Energy Board of Directors Meeting – February 12, 2026 Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Public Comments
To Provide Public Comment on any agenda item please:
➢ E-mail 300 words or less to: [email protected] OR
Join the Public Comment Queue by
➢ “Raising Hand” on Zoom Meeting
OR
➢ Press *9 if joining by phone
Emailed comments received before the item has concluded will be read into the record.
Emailed comments received after the item has concluded but before the end of the meeting will not be read but will be included in the meeting record.
2 2025 Year
in Review:
Impact
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 3 Estimated $12M savings by the end of 2026
Saving Customers Money
New Tagline A Growing
Team
Press Events
and Publicity
Photo: YvonneHunterPhotography.com
2025 Year in
Review:
Marketing
& Outreach
4 Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Events: 10 events; 50,000+ people reached
(including media, in-person)
Media: 4 press releases, 4 press placements, 200
+ media contacts
Customer inquiries: rapid, tailored responses
with emphasis on authenticity and engagement
Outreach: Meeting Our Customers Where They Are
Photos:
YvonneHunterPhotography.com
5 Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Photos: YvonneHunterPhotography.com 6
Outreach Highlight:
Strategic Plan
Workshops
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 7 Marketing
Highlight:
Social Media
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 2025 Year in
Review:
Customer
Care
Photo: YvonneHunterPhotography.com
8 Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 9 Customer Service Representative (CSR) Interactions
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Total Interactions
1/1/2025-12/31/2025
10 Customer Service Representative (CSR) Interactions
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Year End Review
11 Opt-Outs & Opt-Ups, 2025
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 0 1
2 3
4 5
6 Monthly Opt Ups
0 10
20 30
40 50
60 70
Monthly Opt Outs
Year End Review
12 Monthly Interaction Type
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Average Time Spent on Websites
Across Industries: 53 seconds
(VCE: 1 minute 23 seconds)
VCE Home
13 Website Analytics: Page Views & Engagement
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 2025 Year in
Review:
Programs
Photo: YvonneHunterPhotography.com
14 Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Photos: YvonneHunterPhotography.com 15
Program
Highlights
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Smart Home Energy and
Load Flexibility (SHELF) –
Approved. Funded by
Panasonic.
Microgrid Incentive Program
(MIP) – Application
Submitted. Funded through
Public Purpose Charge,
Administered by PG&E.
Rural Electrification and
Charging Technology
(REACT) – Continued.
Funded by California Energy
Commission.
VCE Invited to Join Yolo
Energy Partnership (YEP).
Energy Advisor (main offering
in YEP) funded by VCE
Programs Fund.
Electric Advisor –
Continued. Funded by VCE
Programs Fund.
Charge Your Ride (CYR) -
Approved. Funded by VCE
Programs Fund.
Hourly Flex Pricing (HFP)
– Continued. Funded by
California Public Utilities
Commission.
VCE May Join Northern Rural
Energy Network (NREN) in 2028
(invited by Yolo County). Funded
by Public Purpose Charge,
Administered by Redwood Coast
Energy Authority.
16 Program Spotlight: Electric Advisor
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 17 Program Spotlight: Electric Advisor
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 2024 Year in
Review:
Power
Portfolio
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Photo: YvonneHunterPhotography.com 18
Photo: YvonneHunterPhotography.com
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 19 Power Highlights
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Willy 9 Chap 2. PV portion came online January 2024.
Battery came online March 2025.
2025 Power Contracts Highlights
• March - Willy 9 Chap 2 battery came online
• May - Indian Valley 2.9 MW hydro PPA expired
• June – CC Power’s contract for the Goal Line long-duration storage project terminated • Gibson COD delayed to 2027
20 Power Highlights
21 (100,000)
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2023 2024 2025 2026 2027 2028 2029 2030
Resurgence Willy Aqua PutahCreek
IndianValley Fish Lake Ormat Gibson
Net PCC1 Transactions RetailLoad WholesaleLoad State RPS Obligation Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance Power Highlights
Forecast 90% renewable
beginning 2028
22 Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2023 2024 2025 2026 2027 2028 2029 2030
Actual RE % Current RE % 2025Plan RE % 2024Plan RE % TEAStart RE % Power Highlights
Forecast renewable % has
improved over time
23 Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance (100,000)
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2023 2024 2025 2026 2027 2028 2029 2030
Resurgence Willy Aqua PutahCreek
IndianValley Fish Lake Net PCC1 Transactions Ormat
Gibson Hydro Allocation Nuclear Allocation RetailLoad
WholesaleLoad State RPS Obligation
Power Highlights
Forecast 100% GHG-free
beginning 2028
2024 Year in
Review:
Finance
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance 24 Photo: YvonneHunterPhotography.com
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance ● 2025 Customer Savings
o 5% “Stackable” CARE/FERA Discount - $750K to (low-income) o 5% Standard and UltraGreen Discount - $5M in Savings (Includes
CARE/FERA)
o PIPP & NEM discounts and incentives unchanged
o Allocated $3,856,000 in customer dividends for future discounts (2026)
25 Finance Highlights
Item 2 – 2025 Year in Review: Customer Care, Marketing, Procurement, and Finance ● Adoption of Updated Reserve Policy (2025)
o Minimum 120+ Days Cash for Operating Reserve
o Minimum 60+ Days Cash for Rate Stabilization Reserve
● PPA Prepay Transaction – 14.4%/~3M in Annual PPA Savings ● “A-” Investment Grade Credit Rating with S&P –$250K in annual savings ● 2024 Clean Financial Audited Financials
● Compliance with All Debt (Line of Credit) and Power Purchase covenants ● Developed a Multi-Year Enterprise Financial Model
26 Finance Highlights
27 yvonnehunterphotography.com
Valley Clean Energy Board Meeting – February 12, 2026
Item 18 – Approve VCE’s Participation in CC Power Willow Rock Project Public Comments
To Provide Public Comment on any agenda item please:
➢ E-mail 300 words or less to: [email protected] OR
Join the Public Comment Queue by
➢ “Raising Hand” on Zoom Meeting
OR
➢ Press *9 if joining by phone
Emailed comments received before the item has concluded will be read into the record.
Emailed comments received after the item has concluded but before the end of the meeting will not be read but will be included in the meeting record.
28 Item X – Short Title and Slide Description [Calibri (Body) 29 font (not bold)]
2 9
Item 18 – Approve Participation in Willow Rock Project
Agenda:
• Existing VCE storage projects
• CC Power
• VCE’s regulatory procurement
obligations
• Willow Rock project overview
• Contract structure
• CCA participation
• Benefits and staff recommendation
29 Photo: YvonneHunterPhotography.com
Item 18 – Approve Participation in Willow Rock Project
30 VCE Storage Projects:
• 5 Solar + BESS projects
• 2 Stand-alone storage projects
• Tierra Buena (4 hours)
• Tumbleweed (through CC
Power) (8 hours)
Item 18 – Approve Participation in Willow Rock Project
31 CC Power is composed of 9 member CCAs allowing those members to combine resources to procure cost-effective energy projects on behalf of 2.7 million customers and collectively provide 30,000 GWh of energy annually Photo: YvonneHunterPhotography.com
Item 18 – Approve Participation in Willow Rock Project
32 VCE Regulatory Procurement Obligations:
Resource adequacy (RA):
• VCE must procure RA matching is slice-of-day demand
• Willow Rock provides baseload RA complementing VCE’s solar-heavy portfolio Mid-term reliability (MTR) long-duration storage (LDS) procurement obligation:
• CPUC requires all load-serving entities to procure long-duration storage by 2028 • VCE’s LDS obligation is 4 MW
• VCE is currently meeting this requirement with CC Power’s Tumbleweed LDS project and VCE’s obligation swap with the CCA Desert Clean Energy
• Willow Rock would help VCE meet future LDS requirements due to new CPUC procurement orders or load growth
Item 18 – Approve Participation in Willow Rock Project
33 Project • Willow Rock
Technology • Advanced Compressed Air Energy Storage (A-CAES) Project Characteristics • 500 MW total nameplate capacity • 8-hour storage generation (4,000 MWh)
Location • Rosamond, Kern County, California
Contracted Products
• 50 MW of Resource Adequacy capacity
• Counts toward member CCAs’ mid-term reliability long-duration storage procurement requirements
• CC Power will not manage the resource in the wholesale market • Financial settlement of energy arbitrage revenues corresponding to the top 4 daily discharge hours of operation for 50 MW of capacity Commercial Online Date
• Expected: July 1, 2030
• Guaranteed: December 31, 2030
• Deadline w/ all extensions: June 1, 2031
Contract Term • 20 years
Contract Payment • Fixed $/kW-mo price over the delivery term Item 18 – Approve Participation in Willow Rock Project
34 • Charges when wholesale
market prices are low and
energy supply is high
• Discharges when wholesale
market prices and demand are
high
• Captures energy arbitrage value
in the wholesale electricity
market
Item 18 – Approve Participation in Willow Rock Project
35 Item 18 – Approve Participation in Willow Rock Project 36 Resource Adequacy + TB4 Agreement Project Participant Share Agreement (PPSA)
Buyer Liability Pass Through
Agreement (BLPTA)
• CC Power gets rights to resource
adequacy capacity and long-duration
storage for CPUC mid-term reliability
procurement obligations.
• Monthly capacity payment to Willow Rock
• CC Power receives “top / bottom 4” or TB4
financial settlement approximating energy
arbitrage revenues
• Equivalent to charging at top 4 most
expensive hours and discharging at
bottom 4 least expensive hours (after
efficiency losses)
• Allocates costs, benefits and
responsibilities among member
CCAs
• CC Power manages the TB4
agreement on behalf of CCAs
• Each CCA commits to “step-up”
its share of the project by up to
25%, in the event of a default by
another participant
• Manages the relationship between
CC Power, Willow Rock and each
participating CCA
• Details each member’s share of
the project and commits each
participating member to
guarantee their financial liability in
supporting offtake from the
project
Item 18 – Approve Participation in Willow Rock Project
37 Item 18 – Approve Participation in Willow Rock Project 38 Project Participants Percentage Share (%) Capacity Entitlement (MW) CPSF 23.00% 11.5
PCE 30.00% 15
RCEA 6.20% 3.1
SJCE 24.00% 12
SVCE 11.40% 5.7
VCE 5.40% 2.7
Total 100% 50
Item X – Short Title and Slide Description [Calibri (Body) 29 font (not bold)]
39 Item 18 – Approve Participation in Willow Rock Project Benefits:
• Supports strategic plan goal of shared procurement
with CCAs
• Counts toward CPUC resource adequacy (RA) and
mid-term reliability (MTR) long-duration storage
procurement obligations
• Diversifies RA, MTR and technology portfolio
Staff Recommendation:
• Authorize Executive Officer to execute necessary
agreements for VCE to purchase share of CC
Power’s Willow Rock advanced compressed air
energy 8-hour storage project.