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1 RiversideCA.gov1
RiversideCA.gov
SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY EXPENDITURE REPORTFISCAL YEAR 2023-24City CouncilDecember 17, 2024Finance Division RiversideCA.gov2
A joint powers authority comprising of 12 local publicly owned utilitiesSOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY 1 2
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2 RiversideCA.gov3
Generation and Transmission Projects:1. Palo Verde Nuclear Generation Station - Generation 2. Southern Transmission System - Transmission3. Mead-Adelanto Transmission Project - Transmission4. Mead-Phoenix Transmission Project - TransmissionSCPPA PROJECT APPROVALS RiversideCA.gov4
Executed renewable energy, power sales agreements and Buyers Joint Project Agreements since 2012:1. Columbia II Solar2. Kingbird B (Solar)3. Summer Solar4. Antelope Big Sky Ranch (Solar)5. Antelope DSR 1 (Solar)6. Coso Geothermal7. Roseburg BiomassSCPPA PROJECT APPROVALS3 4 11/21/2024
3 RiversideCA.gov5
FY2023-24 ACTUAL EXPENDITURESFOR JULY 2023 – JUNE 2024•Existing joint generation, transmission, and renewable projects – Approx. 100%•Other member services – Approx. less than 1%Fiscal YearTotalJan-Jun2024Jul-Dec2023SCPPA Category$ 3,650,025 $ 1,919,258 $ 1,730,767 Generation Projects Joint Power Supply & Transmission 7,144,157 4,055,445 3,088,712 Transmission Projects Joint Power Supply & Transmission 14,243,533 9,804,635 4,438,898 Renewable Projects Joint Power Supply & Transmission ---Energy Efficiency Programs Other Member Services 19,861 14,660 5,201 Training Other Member Services ---Legislation & Regulatory Other Member Services $25,057,576 $15,793,998 $ 9,263,578 Total Actual Expenditures RiversideCA.gov6
1. Training 2. Legislation & Regulatory3. Energy Efficiency Programs and Support (Riverside does not participate)OTHER MEMBER SERVICES 5 6
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4 RiversideCA.gov7
STRATEGIC PLAN ALIGNMENTCommunity Trust
Equity
Fiscal Responsibility
Innovation
Sustainability & Resiliency
Strategic Priority 4 - Environmental StewardshipGoal 4.1 - Rapidly decrease Riverside’s carbon footprint by acting urgently to reach a zero-carbon electric grid with the goal of reaching 100% zero-carbon electricity production by 2040 while continuing to ensure safe, reliable, and affordable energy for all residents. Strategic Priority 5 - High Performing GovernmentGoal 5.4 - Achieve and maintain financial health by addressing gaps between revenues and expenditures and aligning resources with strategic priorities to yield the greatest impact. Cross-Cutting Threads RiversideCA.gov8
That the City Council receive the Southern California Public Power Authority semi-annual expenditure report for the period of July 2023 through June 2024.RECOMMENDATION7 8