Ibarra, Evelyn
From: Robert Gmail <
Sent: Thursday, July 18, 2024 10: 37 AM
To: eComment
Subject: Police budget request for new technology
Attention: This email originated from outside of City of Santa Ana. Use caution when opening attachments or links.
To whom it may concern,
I wanted to suggest that the City of Santa Ana make available to your investigative law enforcement departments facial recognition software.
I was recently a victim of a financial crime where the theft from my Bank of America account took place at the Main Street Bank of America - inside the bank. The thief' s were impersonating me with my stolen atm card at the teller' s .
Bank of America has clear photos and video that your police department is waiting for. But I was informed that without someone knowing these people, and without reviewing the pictures via facial recognition, they have no good leads. I am sure I am not the only one who has had this type of crime happen , and feel providing your investigators with the best and advanced tools could increase their closing success rates. Also, it can assist in many other areas of investigation.
Sincerely,
Robert Schultz
Sent from my iPhone
Robert Schultz
1 Ibarra, Evelyn
From: Flores, Gaston
Sent: Tuesday, July 23, 2024 10: 18 AM
To: eComment
Subject: FW: Contact the City Council Submission
From: notify@proudcity. com < [email protected]> Sent:
Tuesday, July 23, 20249: 59AM To:
Flores, Gaston < GFlores@santa-ana. org> Subject:
Contact the City CouncilSubmissionAttention:
This emailoriginatedfrom outsideof Cityof SantaAna. Use cautionwhen openingattachmentsor links. Name Sheri
Menke Email
sherimenkeOD-
1032
States Map
It Phone
626)
is thismessagefor? Mayor
Valerie Amezcua Mayor
Pro Tern Thai Viet Phan Councilmember
Benjamin Vazquez Councilmember
Jessie Lopez Councilmember
Phil BacerraCouncilmember
Johnathan Ryan HernandezCouncilmember
David PenalozaComments
or questionsDear
Council Members, Hello
again! I understandfrom Mr. Nunezthat shortterm rentalswill be backon the city councilagenda in August. I appreciatesincerely you bringingthis issueback as manyjobs and peopleare affectedby yourdecision. am writingagain to helpyou understandthe needfor shortterm rentalsin residentialneighborhoods. My nextdoor neighborin who has beenaroundthe past7 yearsthat I havebeen runningmy businessjust yesterdayneeded to usemy homeas herhome flooded. This is notthe first time a neighborwas in needof myhomefor a shortamountof timewith housingsituationssuch as thisone or familycomingto townwho wantedto staynear by theirfamilyand not in downtown. Pleaseunderstandthat short term rentalsare neededthroughoutthe city! Shortterm rentals who don' t follownoise and traffic regulationscan be shut easily with a taxedand regulatedpermit program. Attached
is a screenshot of our conversationwith our neighbor. Thank you for yourconsiderationof a taxedand regulatedprogram for shortterm rentals! 1
Best,
Sheri Menke
Upload a file
Resized Screenshot 20240723 103136 Messages. 0peq
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Ibarra, Evelyn
From: Timothy Rush <
Sent: Monday, July 29, 2024 2: 36 PM
To: eComment
Subject: " Votos Locos" videogame
Attention: This email originated from outside of City of SantaAna. Use caution when opening attachmentsor links.
Attn; City Attorney
Please cc this to City Council & Mayor, City Manager, Arts Commission members All; I am writing to you on behalf of the G7 Neighborhood Leaders Alliance who wish to express their concern and deep disappointment with this project. We are of the understanding that it was created as a result of a sizable grant from the City of Santa Ana? If so we wish to express our concern about its messaging, its intended usage and most importantly the decision making that went into granting funding for this in the first place.
We encourage the City Attorney to investigate this initiative and we are of the belief that it may incite participants to violence, it is filled with many derogatory images and seems to seek to further separate people in our city vs. attempting to bring them together.
This videogame in our view is a questionable use of the public purse. Please let us know what the thinking is with City Council, staff and the Arts Commission.
Sincerely,
Tim Rush
Chairman
The G- 7 Neighborhood Leaders Alliance
Leaders Leading The Way to a Better Santa Ana"
1 I
w.
Hall, Jennifer
From: Tomas Souza de Castro < tomas@climateactioncampaign. org> Sent: Wednesday, July 31, 2024 3:07 PM
To: Tomas Souza de Castro
Subject: Monthly Climate Funding Updates + Building Performance Standard Info! Am: eiinfi(( in, 'Hfis euuffl nror0na1ed fug-mnzonut;nde o, 'Cu y oro'S: nua Anna. Use can fionnwhen opelfing aflac4gunenus or finks.
Dear OC Councilmembers and Staff,
Welcome to our July newsletter with available grants for OC cities! Climate Action Campaign is pleased to bring you our monthly climate and infrastructure funding newsletter. Orange County currently ranks last among all California counties for climate funding, but we are committed to changing that.
Please see the opportunities below and let us know if you have any questions.
We wanted to highlight a recent informational call hosted by the Institute for Market Transformation IMT) on the importance of Building Performance Standards ( BPS). BPS is an important tool for achieving building electrification in light of the recent CA Restaurant Association vs. Berkeley case, which narrowed the ways in which cities can decarbonize buildings. We have attached the recording as well as the slideshow used and FAQs for your reference.
Available Grants
Name: Energy Storage Innovations to Support Grid Reliability Phase I Source: Department of Energy
Amount: $ 30 million
Application Due Date: August 9, 2024
Name: Safe Streets and Roads for All ( SS4A) Grant Program Source: US DOT
Amount: $ 1. 7 billion
Application Due Date: August 29, 2024
Name: Charging and Fueling Infrastructure Discretionary Grant Program Source: Department of Transportation
Amount: $ 1. 3 billion
Application Due Date: August 28, 2024
Name: Clean, Dispatchable Generation Grants
Source: Clean Energy Commission
Amount: $ 8 million
Application Due Date: September 13, 2024
Name: Technical Assistance for the Adontion of Buildina Enerav Codes Source: Office of State and Community Energy Programs
Amount: $ 1 billion
Application Due Date: September 30, 2025
Name: Sea - Level Rise Adaptation Planning Grant Program Solicitation Source: CA Ocean Protection Council
Amount: $ 1. 5 - $ 10 million
Application Due Date: October 4, 2024
Tools
Name: Office Hours for Elective Pay for Tax Credits
Source: IRS
Due Date: July 2-October 2, 2024
Name: Rural Energy for America Program ( REAP)
Source: USDA
Due Date: September 20, 2024
Thank you for all you do,
Tomas
Tomas Castro ( he/ him)
OC Climate Equity Advocate and Organizer
Climate Action Campaign
www. climateactioncampaign. org
Twitter: ( a sdchmateaction
nstagram: ( a), sdchmateaction
Facebook. com/ ClimateActionCampaign
Like what we do? Support Climate Action Campaign today.
Our Mission is Simple: Stop the Climate Crisis
Hall, Jennifer
From: DeeFox <[email protected]>
Sent: Wednesday, PM
To: [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; !CityClerk; [email protected]; [email protected]; [email protected]; [email protected]
Subject: OCPA - ORANGECOUNTYPOWERAUTHORITY
Attachments: OCPACheckRegister09-2023.pdf; OCPACheckRegister03-2024.pdf; OCPACheck Register12-2023.pdf; OCPA-JPA-Agreement-Executed.pdf; SierraMadre- JoeMosca’s politicalcareergoessouth – SanGabrielValleyTribune.pdf
Attention: ThisemailoriginatedfromoutsideofCityofSantaAna. Usecautionwhenopeningattachmentsorlinks.
Pleaseincludethisemailfor allcouncilmembersandtheattachmentsatyournextcitycouncilmeetingunder non-agendizeditems. If thistopicisonyouragenda, thenpleaseplaceit in theappropriateplace. -Thankyou
ORANGECOUNTYPOWERAUTHORITY (OCPA) -
INFORMATIONFORCITIESTHAT ARECONSIDERINGJOININGTHE POWERAUTHORITY
OCPARATEPLANS
OCPAclaimscustomersenrolledin theirSmartRateor100% RenewablePlansare “choosing” topaymoreevery monthfortheirelectricitythanSCEcustomers. Thereason, accordingtoIrvineCityCouncilmembersandOCPA Boardmembers, TammyKimandKathleenTreseder, istogetthebenefitofcleanerenergy, andtheydoit forthe benefitofeveryone. Thatsoundssonoble, butI don’t thinktheircustomersareactuallyseeingit thatway. Butit is all sopointlessanyway, becausethefossil-fuelbasedutilitygrid (SCE), whereweALL receiveourpowerfrom, is atitsmaximumcapacityforrenewableenergy. ThegridsuppliesusALL withapproximately35.8% ofrenewables, andintegratinganymorepresentschallengeswithoutahugebackupsystem.
PURCHASEOFRENEWABLES
Sowhereisall thatrenewableenergygoingthatOCPAcustomersarepayingapremiumfor? Well, theOCPAisin thebusinessofbuyingandsellingpower, foraprofit, AndbecauseCaliforniahasanover-abundanceofrenewables, andtheyareinexpensive, OCPAwill gointoamarketwheretheycangetsoldforaprofit, whilesimultaneously purchasingcheapfossilfueltosupplytothegrid. Witheachpurchaseofrenewableenergycomesareceiptthatis separatefromthephysicalelectricity, andthesereceiptscanbeboughtandsoldindependently. OCPAhangsonto thesereceipts, alsoknownasRenewableEnergyCertificates (REC’s), andgivesthosetotheStatetooffsettheir ownenergyconsumptionoffossilfuels, andclaimthattheyareusingrenewableenergy, evenif theyarestill connectedtoaconventionalgridlikeSCE. Thisprocessisknownasgreenwashing. Greenwashingisthepracticeof misleadingthepublicbypresentingaproductorserviceasenvironmentallyfriendlyorsustainablewhenit isnot.
RESERVEFUND
1 I findit extremelyconcerningthattheOCPAhasahugereservefund. Especiallysincetheyhavethelargestopt-out rateofall CaliforniaCommunityChoiceEnergy (CCE) programsin Californiaof38%. Theaverageisbetween4% 8%. IrvineCityCouncilmemberandOCPABoardmember, KathleenTresederusedOCPAreservefundsto donatetoAynCracuin’scampaignforaseatontheIrvineCityCouncil. AynCraciunisTresedersfriend, and additionalOCPAfundsweregiventoAynCraciun/ClimateActionCampaign, totaling $30,000! Alsoimportantto note; CraciunisTreseder’sCommissionerontheIrvineCityCouncil. ThenthereisIrvineCityCouncilmemberand OCPABoardmember, TammyKim, whogivesthousandsofdollarstonon-profitorganizationsoverseasthathelp fundhercampaignassherunsfortheMayorofIrvine. OtherBoardmembersgivecustomerfundsawayto organizationsoftheirliking, organizationsthathavenothingtodowithcleanenergyprojects. Someofthese organizationsgetfundingfromtheirowncitiesaswell. TosaythattheOCPAisbeingusedastheirownpersonal slushfundisanunderstatement. I haveattachedOCPA’sFinancialStatementsthatincludetheircheckregisters (on theverylastpages) foryoutodecide.
REASONSWHY OTHERCITIESGOTOUTOFTHE POWERAUTHORITY
LakeForestleftduringtheirgraceperiodandbeforeanyenergywasprocuredfortheircity. Thereasonswere multiple. TheywantedtheJointPowersAgreementamendedtogiveatermlimit fortheBoardChairperson. They alsowantedthementionsofEMINENTDOMAINin theJointPowersAgreementtobetakenout, completely. And theydidnotwantIrvinetohavetwoseatsontheBoard. All requestsweredenied.
TheCountyofOrangegavenoticeafterpowerwasalreadyprocuredfortheircustomers, butpriortoits deliverybySCE. Theystill walkedawaypayingaheftyfine.ThetwomainreasonstheBoardofSupervisorsvoted togetoutwasbecausetheOCPArefusedtoshowtheirpowerpurchasecontractsandagreements. Theyalsofeltthat theCEOandtheirlegalattorneywasunabletoproperlyaddresstheiroverallconcerns.
HuntingtonBeachandOCPABoardmember, CaseyMcKeon, askedtheOCPAfortheCaliforniaIndependent SystemOperatorSettlementStatements. TheOCPAdeniedhisrequest. McKeonstatedthattherewasnoreasonnot toreleasethesedocuments, andbynotdoingso, confirmshisbeliefthattheirentireoperationisafraud. Hestated theywerenothingbuta “Shell“ company, andcomparedthemtoEnron.
OCPAOPERATIONS
Long-termpowerpurchasesaremadeayearin advance. AndwithOCPA’sunusuallyhighopt-outrate, theyneedto securenewcitiesbeforetheirexistingcustomersaresaddledwithpayingthecostdifference. Thiscouldfinancially bankrupttheorganization.
POWERCONTENTLABEL
OCPA’sPowerContentLabel (PCL) onlydiscloseswhattheOCPAhaspurchased, andnotwhattheyhavesoldoff forprofit. Misleadingordeception, youdecide.
FEASIBILITY STUDY
RecentlyataCostaMesaCityCouncilMeeting, OCPACEO, JoeMoscastatedthataFeasibilityStudyisdoneFOR thebenefitoftheOCPA. Heclaimsthatthestudyistoseeif thecityconsideringjoiningwill benefittheir organization. ThisisaboldfacelieandI thinktheCostaMesaCouncilsawthisasadeceptionaswell. Thefactthat OCPAispayingforthisstudy, whiletheothercitieshadtopayfortheirown, bututilizedOCPA’srecommended agency, andbeforetheOCPAwasupandrunning, saystheywanttocontrolwhatthestudywill sayaboutthe organizationnow, becausethereportwill besharedwiththerespectivecity.
IMPORTANTFACTSTO REMEMBER
CitiesthatjoinareautomaticallyremovingtheirresidentsandbusinessesfromSCEandplacingthemin the OCPA.
Whetherenrolledin OCPAorSCE, everyonereceivesthesamemixofenergy, onlydifferenceis, OCPA customerspaymoreforSmartChoiceand100% renewable.
OCPAclaimstheyaretransparent, butrefusestoshowtheirsettlementstatements.
UntiltheloantoIrvineispaidback, Irvinewill havetwoseatsontheboard.
Havingsubstantialreserveswithanunusuallyhighopt-outrateisconcerningastohowthosereserveswere collected.
Misuseofcustomerfundsbyboardmembers, andmismanagementareseriousconcerns. Withoutanoutside independentoversightreviewboard, customerswill havenoideawhatisgoingonbehindthescenes.
Long-termenergycontractscanaffectrates. OCPAneedstobetransparentandkeepcustomersinformedofthe prosandconsofthesecontracts.
Thesix-monthnoticerequirementbytheOCPAforcustomerstoswitchbacktoSCEisasignificantconsideration forapotentialcitythatisconsideringsigningon.
OCPAcanchangetheirratesAT ANYTIME, astheyarenotregulatedbytheStatelikeSCE. 2 Citiesdonothavelocalcontrolwhentheboardvotesareweightedbyeachcitiesloadshare, andIrvinegetstwo votes.
TheJointPowersAgreement (attached) shouldbereviewedbyalegalattorneythatspecializesin energycontracts.
Citiesneedtoknowwhattheiroutsideliabilitiesare, andhoweminentdomaincanbecomearealissueif theOCPA goesbankruptandthoselong-termpowercontractsdonotgetpaid.
PASTHISTORY
Withall thepublicscrutinyandpastaudits, includingbytheCityofIrvine, theOCPAhasnotchangedhowtheyare managedandoperated. Managementisstill thesame. Theystill employthesamelegalfirmandadvisory consultants; theCEOisnobetterthanthelastCEO. In fact, theybothhavethesameemploymenthistoryofsitting onvariousboards, exceptJoeMoscawastheMayorofSierraMadre. However, asyouwill seefromtheattached article, theresidentswerenottoohappyabouthim, evendescribinghislessthantruthfulways. Andtothinkthe OCPAselectedJoe, outofover100applicants, apersonwhowasalreadyemployedattheOCPA, inthe CommunicationsDepartment, andwashiredbythepreviousCEO. Bothofwhom, havenodegreein theenergy field, orexperiencein dealingwithhugeamountsofmoneyin buyingandsellingofpower. Anobviousrequirement foraCEOpositionin anyenergyorganization, andmentionedin theauditreports.
SUMMARY
Thisorganizationgivestheappearancethatit isreducingcarbonemissionsbytheprocurementofrenewables, and evenworseistheircustomersaremisleadintobelievingthoserenewablesaregoingstraightintotheirhomesand businesses. Going100% renewablemeansspendingtrillionsofdollarstoinvestin batterystorageandsolarpanels.
Butthiswouldjustaddtoenvironmentalconcernsdowntheroad. BatteriesandSolarPanelsaretoxicwithin themselves, andwithoutasafewaytodisposeofthemwhentheyhavebeenusedupisamajorconcern. Thepublic needstoknowwhatthelong-termeffectsarebygoing100% Green, insteadofencouragingorganizationslikethe OrangeCountyPowerAuthority, whichisn’t evendoingthat.
LET USNOTTRY TO SOLVEONEPROBLEMBY CREATINGANOTHERPROBLEM! CheckRegister
CheckRegister
CheckRegister
JointPowersAgreement
JoeMosca
Pleasefeelfreeto contactmeif youneedmoreinformationor documentation.
ThankYou.
DeeFox
Irvine, CA92604
3 1
ACCOUNTANTS’ COMPILATION REPORT
Management
Orange County Power Authority
Management is responsible for the accompanying financial statements of Orange County Power Authority ( a California Joint Powers Authority) which comprise the statement of net position as of March 31, 2024, and the related statement of revenues, expenses, and changes in net position, and the statement of cash flows for the period then ended in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, conclusion, nor provide any assurance on these financial statements.
Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.
Orange County Power Authority’ s annual audited financial statements include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’ s conclusions about the Authority’ s financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.
We are not independent with respect to the Authority because we performed certain accounting services that impaired our independence.
MaherAccountancy
San Rafael, CA
April 30, 2024
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa. com ASSETS
Current assets
Cash and cash equivalents - unrestricted 79, 353, 122$
Cash - restricted 600, 000
Investments 19, 950, 557
Accounts receivable, net of allowance 25, 014, 338
Accrued revenue 18, 516, 771
Other receivables 1, 656, 176
Prepaid expenses 81, 261
Deposits 295, 268
Total current assets 145, 467, 493
Noncurrent assets
Cash - restricted 5, 000, 000
Lease asset, net of amortization 918, 417
Total noncurrent assets 5, 918, 417
Total assets 151, 385, 910
LIABILITIES
Current liabilities
Accrued cost of electricity 35, 395, 095
Accounts payable 782, 147
Other accrued liabilities 892, 792
User taxes and energy surcharges due to other governments 1, 214, 306 Lease liability 32, 429
Total current liabilities 38, 316, 769
Noncurrent liabilities
Loan payable 7, 527, 841
Accrued interest and financing costs 251, 883
Lease liability 885, 988
Total noncurrent liabilities 8, 665, 712
Total liabilities 46, 982, 481
NET POSITION
Unrestricted 104, 403, 429
Total net position 104, 403, 429$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF NET POSITION
As of March 31, 2024
See accountants' compilation report. 2
OPERATING REVENUES
Electricity sales, net 299, 426, 052$
OPERATING EXPENSES
Cost of electricity 226, 624, 242
Contract services 5, 640, 286
Staff compensation 1, 784, 552
Other operating expenses 695, 200
Total operating expenses 234, 744, 280
Operating income ( loss) 64, 681, 772
NONOPERATING REVENUES ( EXPENSES)
Investment income 1, 466, 175
Interest and financing expense ( 281, 111)
Nonoperating revenues ( expenses), net 1, 185, 064
CHANGE IN NET POSITION 65, 866, 836
Net position at beginning of period 38, 536, 593
Net position at end of period 104, 403, 429$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET POSITION
Nine Months Ended March 31, 2024
See accountants' compilation report. 2
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 307, 404, 805$
Receipts from market settlements 3, 636, 435
Other operating receipts 1, 466, 303
Payments to suppliers for electricity ( 226, 625, 381)
Payments for goods and services ( 6, 264, 194)
Payments of staff compensation and benefits ( 1, 710, 528) Payments of taxes and energy surcharges to other governments ( 6, 113, 082) Net cash provided ( used) by operating activities 71, 794, 358
CASH FLOWS FROM NON- CAPITAL FINANCING ACTIVITIES
Payments of interest and related expenses ( 160, 150)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income received 1, 442, 175
Purchase of investments ( 19, 950, 556)
Net cash provided ( used) by investing activities ( 18, 508, 381) Net change in cash 53, 125, 827
Cash and cash equivalents at beginning of period 31, 827, 295 Cash and cash equivalents at end of period 84, 953, 122$ Reconciliation to the Statement of Net Position
Cash and cash equivalents ( unrestricted) 79, 353, 122$ Restricted cash, current 600, 000
Restricted cash, noncurrent 5, 000, 000
Total cash at end of period 84, 953, 122$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF CASH FLOWS
Nine Months Ended March 31, 2024
See accountants' compilation report. 2
RECONCILIATION OF OPERATING INCOME ( LOSS) TO NET
CASH PROVIDED ( USED) BY OPERATING ACTIVITIES
Operating income ( loss) 64, 681, 772$
Adjustments to reconcile operating income ( loss) to net cash provided ( used) by operating activities
Increase) decrease in:
Accounts receivable ( 1, 645, 613)
Other receivables 1, 639, 769
Accrued revenue 3, 546, 691
Prepaid expenses 11, 275, 298
Deposits 1, 445, 695
Increase ( decrease) in:
Accrued cost of electricity ( 9, 344, 524)
Accounts payable 270, 404
Other accrued liabilities ( 39, 727)
User taxes and energy surcharges due to other governments ( 35, 407) Net cash provided ( used) by operating activities 71, 794, 358$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF CASH FLOWS ( continued)
Nine Months Ended March 31, 2024
See accountants' compilation report. 2
1 ACCOUNTANTS’ COMPILATION REPORT
Board of Directors
Orange County Power Authority
Management is responsible for the operating fund and program fund budget comparison reports of Orange County Power Authority ( OCPA), a California Joint Powers Authority, for the period ended March 31, 2024, and for determining that the budgetary basis of accounting is an acceptable financial reporting framework. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statement nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any assurance on this special purpose budgetary comparison statement.
The special purpose statement is prepared in accordance with the budgetary basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United States of America. This report is intended for the information of the Board of Directors of OCPA.
Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.
OCPA’ s annual audited financial statements include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’ s conclusions about the Authority’ s financial position, results of operations, and cash flows.
Accordingly, these financial statements are not designed for those who are not informed about such matters.
We are not independent with respect to OCPA because we performed certain accounting services that impaired our independence.
MaherAccountancy
San Rafael, CA
April 30, 2024
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa. com
YTD Actual
YTD
Budget
YTD
Budget
Variance
Under)
Over
YTD
Actual as a
Percent of
Budget
Annual
Budget
Annual
Budget
Remaining
REVENUE AND OTHER SOURCES
Transfer in - from Operating Budget 750, 000$ 750, 000$ -$ 100. 0% 750, 000$ -$
EXPENDITURES AND OTHER USES
Energy Program expenditures 170, 452 750, 000 ( 579, 548) 22. 7% 750, 000 579, 548 Net change in fund balance 579, 548$ -
Fund balance at beginning of period -
Fund balance at end of period -$
ORANGE COUNTY POWER AUTHORITY
PROGRAM BUDGET COMPARISON REPORT
Nine Months Ended March 31, 2024
Budget Item
Actual /
Budget % Comment
Electric Sales Revenue 100. 6% Year- to- date energy sales are more than forecast by approx. $ 1. 6M or 0. 6%. Sales revenue includes revenues actually billed to customers as well as estimated customer usage during the reporting period that is not yet billed.
Cost of Energy 95. 9% The variance is affected by increased energy purchases required to provide for greater than expected customer load. Also affecting the variance is the timing difference between projected and actual delivery of Renewable Energy Certificates RECs) and fluctuating market prices.
Data Manager 100. 1% These are Calpine fees charged on a per active account basis.
Service Fees - SCE 88. 5% These are SCE fees charged on a per customer basis.
Personnel 75. 4% Staffing expenses are under budget due to the timing delay of new hires.
Professional Services 81. 2% This category includes accounting and audit, rates and financial & planning analysis, portfolio management, scheduling coordinator, HR including recruitment services and compensation study, IT, and other consultants.
Legal Costs 84. 4% This category includes outside legal costs for general counsel, energy procurement transactional support, labor, clerk support, regulatory, member agency withdrawal, and RA appeal services.
Marketing and customer enrollment 96. 4% This category includes advertising, strategic marketing & communications, digital marketing and website development and hosting, collateral marketing, translation, sponsorships & memberships, promotional items, required customer notifications printing and mailing.
Other General & Administrative 98. 6% This category includes ordinary G& A including rent, CalCCA membership, general business insurance, small equipment and software, travel, business meals, professional development, and office supplies.
Interest and financing expenses 92. 1% This category includes interest and fees related to Letters of Credit posted for collateral on energy supply.
ORANGE COUNTY POWER AUTHORITY
BUDGETARY COMPARISON REPORT
Nine Months Ended March 31, 2024
Date Vendor Description Amount
01/02/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor12/08/23 - 12/13/23 13,557.01 01/02/2024 CalpineEnergySolutions November2023services {po:1003} 211,223.41 01/02/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod12/08/23 - 12/13/23and9/08/23-9/14/23 394,337.88 01/02/2024 USBankCreditCard Zoom - RecordingServices 318.90 01/02/2024 USBankCreditCard Amazon - OfficeSupplies 18.27 01/02/2024 USBankCreditCard Checkr - Employeebackgroundcheck 384.20 01/02/2024 USBankCreditCard GotoCom - PhoneForwardingServiceforCallCenter 439.70 01/02/2024 USBankCreditCard VistaPrint - StaffBusinessCards 188.58 01/02/2024 USBankCreditCard SmithAI - PhoneForwardingServiceForCallCenter 235.00 01/02/2024 USBankCreditCard SouthwestAirline - airfare 257.59 01/02/2024 USBankCreditCard Amazon - OfficeSupplies 41.12 01/02/2024 USBankCreditCard PaniniKabobGrillIrvine - BoardLunch 160.00 01/02/2024 USBankCreditCard Adobe - SoftwareLicense 65.41 01/02/2024 USBankCreditCard Adobe - SoftwareLicense 65.41 01/02/2024 USBankCreditCard Adobe - SoftwareLicense 65.41 01/02/2024 USBankCreditCard Perimeter81LLC - Network 56.14 01/02/2024 USBankCreditCard IHOP - Staffbreakfast 129.28 01/02/2024 USBankCreditCard GoogleSuite 12.00
01/02/2024 USBankCreditCard Zoom - RecordingServices 318.90 01/02/2024 USBankCreditCard ElliesTable - CoffeeWithLOCCStaffC. Medina 11.64 01/02/2024 USBankCreditCard Herb & Ranch - CoffeewithIrvineCityStaffMember 3.40 01/02/2024 USBankCreditCard HuntingtonBeachChamber - TicketsStateofCityEvent 110.00 01/02/2024 USBankCreditCard SouthwestAirline - airfare 294.80 01/02/2024 USBankCreditCard Ralphs - Food 14.84
01/02/2024 USBankInterestandServiceCharges October - Decemberinterestpaymentoncreditlineaccount 9,844.94 01/02/2024 USBankInterestandServiceCharges LetterofCredit - SouthernCaliforniaEdison 563.50 01/02/2024 USBankInterestandServiceCharges LetterofCredit - CaliforniaIndependentSystem 3,800.00 01/02/2024 USBankInterestandServiceCharges LetterofCredit - MarshLandingLLC 9,955.77 01/02/2024 USBankInterestandServiceCharges LetterofCredit - SouthernCaliforniaEdison 10,848.33 01/02/2024 USBankInterestandServiceCharges LetterofCredit - PacificGasandElectric 10,012.47 01/02/2024 USBankInterestandServiceCharges LetterofCredit - GraceOrchardEnergyCenter 11,732.88 01/02/2024 USBankInterestandServiceCharges LetterofCredit - ShellEnergyNorthAmerica 13,416.67 01/03/2024 HalliganSteven Mileagereimbursement 55.15
01/03/2024 OrangeCountyPrintingCompany OrangeCountyLetters {po: 1007} 1,098.89 01/03/2024 TheWoman's Clubof Fullerton 2023Women's LeadershipForum - SilverSponsor 500.00 01/03/2024 UnitedLanguageGroup, Inc. HuntingtonBeachNoticeTranslations 2,349.49 01/08/2024 AmericanExpress AMEX - Adjustmenttoreconcileaccount, priormonthbankservicefees ( 52.25) 01/08/2024 AmericanExpress AmtrakTransportation - OwenLee - SalinastoSanLuisObispo 119.00 01/08/2024 AmericanExpress Ubertrip - Transportation 20.97 01/08/2024 AmericanExpress Lyft - Transportation 44.72 01/08/2024 AmericanExpress Amtrak - Transportation - OwenLee - SantaAnatoSanLuisObispo 119.00 01/08/2024 AmericanExpress Ubertrip - Transportation 15.19 01/08/2024 AmericanExpress Ubertrip - Transportation 14.99 01/08/2024 AmericanExpress Sonesta - Hotel - OwenLee 655.78 01/08/2024 AmericanExpress Ubertrip - Transportation 41.94 01/08/2024 AmericanExpress ACHotel - Hotel - GabrieleFriedman 840.29 01/08/2024 AmericanExpress HawaiianAirlines - Flight - GabrieleFriedman 475.15 01/08/2024 AmericanExpress Starbucks - BoardMeetingRefreshments 97.15 01/08/2024 AmericanExpress AMEX - CashbackProgramFee - 9 Months 90.00 01/08/2024 AmericanExpress AMEX - NewMembershipFee - 9Months 26.25 01/08/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor12/14/23 - 12/19/23 3,887.02 01/08/2024 OrangeCountyPrintingCompany HuntingtonBeachNotificationPostcards {po: 1007} 10,625.70 01/08/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod12/14/23 - 12/19/23and9/15/23-9/21/23 113,306.11 01/10/2024 LincolnFinancialGroup 1/10/24Retirementdebit401A 16,724.90 01/10/2024 LincolnFinancialGroup 1/10/24Retirementdebit457B 5,191.95 01/11/2024 CleanPeaksEnergyServices, LLC Consultantservices - November2023 -- {po:1027} 19,160.00 01/12/2024 Stericycle, Inc. Papershreddingservice 349.53 01/16/2024 ABMIndustryGroups, LLC JanuaryParking 660.00 01/16/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor12/20/23 - 12/27/23 25,054.85 01/16/2024 LBAIV-PPI, LLC January2024Rent 19,000.00
01/16/2024 METHODTECHNOLOGIES (INC) SupportOptions - Laptopsetup {po: 1017} 246.00 01/16/2024 METHODTECHNOLOGIES (INC) SupportOptions - MSSuiteandothersoftware {po: 1022} 1,997.95 01/16/2024 Pisenti & BrinkerLLP FinalProgressbill forauditendedJune30, 2023 {po: 1018} 12,000.00 01/16/2024 ReveilleInc. December2023OCPAFYMarketingandPRBudget-- {po: 1025} 71,762.30 01/16/2024 SDRMA Februaryemployeebenefitcharges 15,201.92 01/16/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod12/20/23 - 12/27/23 , 9/22/23-9/28/23and1/1/23 - 1/31/23 78,202.90 01/16/2024 USBankInterestandServiceCharges USBank - AnalysisServiceCharge 3,880.69 01/19/2024 BestBest & Krieger December2023 - Regulatory - CPUC {po: 1002} 20,761.50 01/19/2024 BestBest & Krieger December2023 - Financial/PowerProcurement {po: 1002} 5,806.50 01/19/2024 BestBest & Krieger December2023 - PublicRecordsRequests {po: 1002} 6,662.50 01/19/2024 BestBest & Krieger December2023 - HuntingtonBeachWithdrawal {po: 1002} 4,020.00 01/19/2024 BestBest & Krieger December2023 - CountyWithdrawal {po: 1002} 1,106.00 01/19/2024 BestBest & Krieger December2023 - SpecialCounsel{po: 1002} 1,817.00 01/19/2024 BestBest & Krieger December2023 - GeneralCounsel {po: 1002} 13,646.60 01/19/2024 CITYOFBUENAPARK - UUT DecemberUtilityUserTax 87,001.85 01/19/2024 CITYOFHUNTINGONBEACH - UUT DecemberUtilityUserTax 299,000.51 01/19/2024 CITYOFIRVINE - UUT DecemberUtilityUserTax 126,891.12 01/19/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 183.79 01/19/2024 KarboneInc. Brokeragefees - TownsiteSolar, LLC 168,750.00 01/19/2024 MaherAccountancy January2024 - TreasurerandAccountingServices {PO:1031} 21,000.00 01/19/2024 MaherAccountancy October-December2023Pass-ThroughBill.comfees { {PO:1005} 482.08 01/19/2024 NewGenStrategies & Solutions, LLC December2023 - Financial & EconomicConsultingservices {po: 1028} 4,851.25 01/19/2024 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 984.57 01/19/2024 OrangeCountyPrintingCompany HBNotificationPostCards {po: 1007} 12,304.65 01/19/2024 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 634.74 01/19/2024 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 684.36 01/19/2024 SouthernCaliforniaEdison DecemberCapacity 485,562.30 01/19/2024 TullettPrebonAmericasCorp. BrokerFees - TenaskaPowerServicesCo. 3,445.00 01/19/2024 ZodiacSolutions, LLC December2023Fees {po: 1012} 1,800.00 01/22/2024 AES December2023capacitypurchases 562,500.00 01/22/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor12/01/23 - 12/31/23 3,279.86 01/22/2024 GoldenCommunicationsInc SustainingProfessionalServicesandConsultingFees, MonthlyManagedWebServices, andAdditionalLabor - December2023 {po: 1004} 2,199.00 01/22/2024 MarshLanding, LLC DecemberCapacityPurchases 705,250.00 Orange County Power Authority
PAYMENTSISSUEDJANUARY1, 2024THROUGHMARCH31, 2024
Orange County Power Authority
PAYMENTSISSUEDJANUARY1, 2024THROUGHMARCH31, 2024
01/22/2024 PacificEnergyAdvisorsInc. December2023 - MonthlyServices {po: 1008} 42,531.60 01/22/2024 SanDiegoGas & Electric December2023RECs 18,998.10 01/22/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod12/28/23 - 1/03/24 255,298.12 01/22/2024 USBankInterestandServiceCharges LetterofCredit - CaliforniaIndependentSystem 150.00 01/23/2024 CaliforniaCommunityChoiceAssociation CALCCAJanuary - March2024membershipdues 98,635.50 01/23/2024 CalpineEnergyServicesL.P. Decembercapacity 722,250.00 01/23/2024 CalpineEnergyServicesL.P. August2023RECs 4,850.00 01/23/2024 ConstellationEnergyGeneration, LLC Novemberenergypurchases 4,024,323.50 01/23/2024 MorganStanleyCapitalGroup DecemberEnergyPurchases 2,157,769.20 01/23/2024 MorganStanleyCapitalGroup September2023RECs 357,085.15 01/23/2024 ShellEnergyNorthAmerica NovemberEnergyPurchases 4,283,064.00 01/23/2024 ShellEnergyNorthAmerica NovemberCapacityPurchases 504,500.00 01/23/2024 SunrisePowerCompanyLLC Decembercapacitypurchase 1,906,250.00 01/23/2024 TransaltaEnergyMarketingUsInc. NovemberEnergyPurchases 1,095,125.40 01/24/2024 LincolnFinancialGroup 1/24/24Retirementdebit401A 19,108.60 01/24/2024 LincolnFinancialGroup 1/24/24Retirementdebit457B 6,033.18 01/24/2024 TheEnergyAuthorityInc. (ServiceFees) DecemberResourceManagementMonthlyFees {PO:1011} 14,620.00 01/29/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 103.00 01/29/2024 Powerex JanuaryEnergyPurchases 79,166.67
01/29/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod1/04/23 - 1/10/24 194,318.06 01/30/2024 CaliforniaPublicUtilitiesCommission September2022 - Adequacycompliancefilingviolation 415,406.40 01/30/2024 CaliforniaPublicUtilitiesCommission CPUCCitation - August2023Deficiency 147,408.00 01/30/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 100.00 01/30/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 1,017.55 01/30/2024 LittlerMendelson, PC Decemberlegalservices {po: 1016} 187.50 01/30/2024 OrangeCountyBusinessCouncil OCBC - AnnualDinner & BoardInstallation 2,750.00 01/30/2024 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 644.17 01/30/2024 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 925.24 01/31/2024 CaliforniaDepartmentof TaxandFeeAdministration October-December2023ElectricEnergySurcharge 198,113.00 02/01/2024 KantolaTrainingSolutionsLlc HarassmentTrainingSessions 750.00 02/01/2024 USBankCreditCard Checkr - Employeebackgroundcheck 66.61 02/01/2024 USBankCreditCard Amazon - OfficeSupplies 43.09 02/01/2024 USBankCreditCard GotoCom - PhoneForwardingServiceforCallCenter 290.51 02/01/2024 USBankCreditCard Amazon - OfficeSupplies 15.99 02/01/2024 USBankCreditCard Amazon - OfficeSupplies 4.39 02/01/2024 USBankCreditCard Amazon - OfficeSupplies 28.23 02/01/2024 USBankCreditCard Amazon - OfficeSupplies 20.46 02/01/2024 USBankCreditCard SmithAI - PhoneForwardingServiceForCallCenter 235.00 02/01/2024 USBankCreditCard GoogleSuite - SocialMedia/YouTubeaccount 12.00 02/01/2024 USBankCreditCard Starbucks - HolidayGiftCards 261.00 02/01/2024 USBankCreditCard WorldMarket - HolidayGiftsforStaff 283.41 02/01/2024 USBankCreditCard Costco - SnacksforBoard & CommitteeMeetings 86.43 02/01/2024 USBankCreditCard BearCoastCoffee - BusinessMeeting 5.00 02/01/2024 USBankCreditCard BearCoastCoffee - BusinessMeeting 10.25 02/01/2024 USBankCreditCard PaulMartin's - StaffHolidayDinner 2,472.95 02/01/2024 USBankCreditCard NorthItalia - BusinessLunch 26.95 02/01/2024 USBankCreditCard Puestos - BoardHolidayLunch 650.61 02/02/2024 CalpineEnergySolutions December2023services {po:1003} 212,356.46 02/02/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 140.00 02/05/2024 ABMIndustryGroups, LLC November13nightlybilling 300.00 02/05/2024 ABMIndustryGroups, LLC FebruaryParking 660.00 02/05/2024 Associationof CaliforniaCities Sponsorship - 2024AffiliateMembership 5,000.00 02/05/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor1/11/24 - 1/18/24 165,631.99 02/05/2024 EnergyDevelopment & ConstructionCorporation NovemberRECspurchases 21,312.00 02/05/2024 Friedman, Gabriele Decemberexpensereimbursement 152.09 02/05/2024 IntegratedImpressions Multipleitems 23,324.63 02/05/2024 LBAIV-PPI, LLC February2024Rent 19,000.00
02/05/2024 MissFountainValleyScholarshipFoundation, Inc 2024SilverSponsorship 1,500.00 02/05/2024 SouthernCaliforniaEdison (Non-Energy) Massenrollmentfee & monthlyservicefeesthroughDecember2023 {po: 1020} 163,587.18 02/05/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod1/11/24-1/18/24 & 10/06/23-10/12/23 1,306,619.35 02/06/2024 AmericanExpress AMEX - Cashbackcredit ( 35.76) 02/06/2024 AmericanExpress Ubertrip - Transportation 34.20 02/06/2024 AmericanExpress Ubertrip - Transportation 5.00 02/06/2024 AmericanExpress Ubertrip - Transportation 68.99 02/06/2024 AmericanExpress Ubertrip - Transportation 9.91 02/06/2024 AmericanExpress Ubertrip - Transportation 17.98 02/06/2024 AmericanExpress Ubertrip - Transportation 9.90 02/06/2024 AmericanExpress Sonesta - Hotel - OwenLee 705.30 02/06/2024 AmericanExpress Ubertrip - Transportation 34.91 02/06/2024 AmericanExpress Ubertrip - Transportation 74.26 02/06/2024 AmericanExpress AmtrakTrain - Transportation 77.00 02/06/2024 AmericanExpress AmtrakTrain - Transportation 120.00 02/06/2024 AmericanExpress Ubertrip - Transportation 14.85 02/06/2024 AmericanExpress Sonesta - Hotel - GabrieleFriedman 889.14 02/06/2024 AmericanExpress Ubertrip - Transportation 4.00 02/06/2024 AmericanExpress PaniniKabob- Boardmeetingandteambuildinglunch 300.00 02/06/2024 AmericanExpress FromYourFlowers - Flowers - staffanniversary 63.55 02/06/2024 AmericanExpress FromYourFlowers - Flowers - staffanniversary 63.55 02/06/2024 AmericanExpress SouthwestAirlines - Lobbydays - Sacramento - Jung 299.96 02/06/2024 AmericanExpress SouthwestAirlines - Lobbydays - Sacramento - Treseder 319.96 02/06/2024 AmericanExpress SouthwestAirlines - Lobbydays - Sacramento - Sonne 357.96 02/06/2024 AmericanExpress SouthwestAirlines - Lobbydays - Sacramento - Kim 427.96 02/06/2024 AmericanExpress VistaPrint - staffbusinesscards 114.73 02/06/2024 AmericanExpress OCBC - memberfull registration 1,480.00 02/06/2024 AmericanExpress SouthwestAirlines - SCBCadvocacyday - Sacramento - GabeDima-Smith 269.97 02/07/2024 LincolnFinancialGroup 2/05/24Retirementdebit457B 5,807.54 02/07/2024 LincolnFinancialGroup 2/05/24Retirementdebit401A 17,425.00 02/08/2024 ABMIndustryGroups, LLC Februaryparking 120.00 02/08/2024 ABMIndustryGroups, LLC Januaryparking 60.00
02/08/2024 LittleSaigonTVNetwork, Inc. BronzeSponsorship - LittleSaigonTVNewYearCelebration 1,000.00 02/08/2024 NewGenStrategies & Solutions, LLC January2024 - Financial & EconomicConsultingservices {po: 1028} 14,957.50 02/08/2024 OrangeCountyPrintingCompany 2023YearinReviewInfographic{po: 1007} 439.62 02/08/2024 OrangeCountyPrintingCompany ConsumerBrochure {po: 1007} 3,082.73 02/08/2024 OrangeCountyPrintingCompany 2023YearinReviewPosters {po: 1007} 367.43 Orange County Power Authority
PAYMENTSISSUEDJANUARY1, 2024THROUGHMARCH31, 2024
02/08/2024 OrangeCountyPrintingCompany BuenaParkLetter{po: 1007} 687.05 02/08/2024 TheEnergyFederationInc. Marketplace - Rebates {po:1026} 12,936.00 02/08/2024 TheEnergyFederationInc. Marketplace - Rebates {po:1026} 6,724.00 02/08/2024 TheEnergyFederationInc. Phonesupportfor Marketplace {po:1026} 349.06 02/09/2024 CITYOFBUENAPARK - UUT JanuaryUtilityUserTax 90,915.10 02/09/2024 CITYOFHUNTINGONBEACH - UUT JanuaryUtilityUserTax 315,090.73 02/09/2024 CITYOFIRVINE - UUT JanuaryUtilityUserTax 114,897.90 02/12/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor1/19/24 - 1/25/24 686.15 02/12/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 394.58 02/12/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod1/19/24-1/25/24 & 10/13/23-10/19/23 201,678.64 02/14/2024 CleanPeaksEnergyServices, LLC Consultantservices - December2023 -- {po:1027} 14,617.50 02/14/2024 USBankInterestandServiceCharges February2024MonthlyAnalysisCharge 5,412.11 02/16/2024 LincolnFinancialGroup Retirementfees 889.36
02/16/2024 LincolnFinancialGroup Retirementfees 1,557.39 02/20/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor1/01/24 - 1/31/24and2/1/24 7,843.14 02/20/2024 HighDesertPowerProjectLLC JanuaryCapacity 625,000.00 02/20/2024 MarshLanding, LLC JanuaryCapacityPurchases 703,587.50 02/20/2024 Powerex JanuaryRec's 121,396.74
02/20/2024 Powerex FebruaryEnergyPurchases 79,166.67
02/20/2024 SouthernCaliforniaEdison JanuaryCapacity 514,621.70 02/21/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 206.37 02/21/2024 LincolnFinancialGroup 2/20/24Retirementdebit401A 21,227.60 02/21/2024 LincolnFinancialGroup 2/20/24Retirementdebit457B 6,812.60 02/22/2024 GoldenCommunicationsInc SustainingProfessionalServicesandConsultingFees, MonthlyManagedWebServices, andAdditionalLabor - January2024 {po: 1004} 2,199.00 02/23/2024 BestBest & Krieger January2024 - Regulatory - CPUC{po: 1002} 2,265.00 02/23/2024 BestBest & Krieger January2024 - HuntingtonBeachWithdrawal {po: 1002} 581.00 02/23/2024 BestBest & Krieger January2024 - CountyWithdrawal{po: 1002} 41.50 02/23/2024 BestBest & Krieger January2024 - PublicRecordsRequests {po: 1002} 756.00 02/23/2024 BestBest & Krieger January2024 - Financial/PowerProcurement {po: 1002} 4,938.50 02/23/2024 BestBest & Krieger January2024 - SpecialCounsel {po: 1002} 3,735.00 02/23/2024 BestBest & Krieger January2024 - GeneralCounsel {po: 1002} 7,615.00 02/23/2024 BestBest & Krieger January2024 - Investigation {po: 1002} 44,937.00 02/23/2024 CalpineEnergyServicesL.P. JanuaryCapacity 309,750.00 02/23/2024 ConstellationEnergyGeneration, LLC Decemberenergypurchases 4,737,358.65 02/23/2024 MorganStanleyCapitalGroup October2023RECs 53,651.25 02/23/2024 PacificEnergyAdvisorsInc. January2024 - MonthlyServices {po: 1008} 39,610.62 02/23/2024 ShellEnergyNorthAmerica DecemberCapacityPurchases 504,500.00 02/23/2024 ShellEnergyNorthAmerica DecemberEnergyPurchases 4,409,337.60 02/23/2024 SunrisePowerCompanyLLC Januarycapacitypurchase 1,906,250.00 02/23/2024 TransaltaEnergyMarketingUsInc. DecemberEnergyPurchases 1,156,049.10 02/23/2024 TullettPrebonAmericasCorp. BrokerFees - CommercialEnergyofMontanaInc. 28,350.00 02/26/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor2/2/24 - 2/07/24 24,959.20 02/26/2024 Cityof BuenaPark CandyCaneland - Sponsorship 250.00 02/26/2024 Friedman, Gabriele Januaryexpensereimbursement 161.18 02/26/2024 Grammarly, Inc. Grammarlyforbusiness - annualsubscription 2,610.00 02/26/2024 HawaiiStateTaxCollector LetterID # L1333617792 322.29 02/26/2024 MaherAccountancy February2024 - TreasurerandAccountingServices{ {PO:1031} 21,000.00 02/26/2024 OrangeCountyPrintingCompany 3% lessenvelopes {po: 1007} 3,066.00 02/26/2024 ReveilleInc. January2024OCPAFYMarketingandPRBudget-- {po: 1025} 64,810.84 02/26/2024 SDRMA Marchemployeebenefitcharges 13,773.97
02/26/2024 TheAssnofWomeninWater, Energy, Environ Membershipapplication. Level: IndividualMembership (Nonprofit/Govt/NotAffiliated) forLindaKraemer 135.00 02/26/2024 TheEnergyFederationInc. Rebate {po:1026} 349.96 02/28/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 100.00 02/29/2024 EnergyDevelopment & ConstructionCorporation DecemberRECspurchases 10,476.00 02/29/2024 SouthernCaliforniaEdison (Non-Energy) Massenrollmentfee & monthlyservicefeesthroughDecember2023outstandingamount {po: 1020} 63,555.90 03/01/2024 USBankCreditCard Zoom - Recordingservices 338.90 03/01/2024 USBankCreditCard Stericycle - Shreddingservices 349.53 03/01/2024 USBankCreditCard GotoCom - PhoneForwardingServiceforCallCenter 337.02 03/01/2024 USBankCreditCard Dell - Wirelesskeyboardsx5 457.88 03/01/2024 USBankCreditCard PaniniKabob - LunchwithBarbaraDelgleize 65.98 03/01/2024 USBankCreditCard Zoom - RecordingServices 338.90 03/01/2024 USBankCreditCard BaekjeongKorean - OCPAgoalslunchwithchair 96.01 03/01/2024 USBankCreditCard SmithAI - PhoneForwardingServiceForCallCenter 235.00 03/01/2024 USBankCreditCard GoogleSuite - SocialMedia/YouTubeaccount 12.00 03/01/2024 USBankCreditCard ParisBaguette - Boardmeeting 60.05 03/04/2024 ABMIndustryGroups, LLC Marchparking 780.00
03/04/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor2/8/24 - 2/14/24 25,431.89 03/04/2024 CleanPeaksEnergyServices, LLC Consultantservices - January2024 - {po:1027} 16,515.00 03/04/2024 FullertonMayor's PrayerBreakfast FullertonMayor's PrayerBreakfast 1,000.00 03/04/2024 Jung, Fred Expensereimbursement - Parkingandcabexpenses 72.00 03/04/2024 LBAIV-PPI, LLC March2024Rent {PO:1030} 19,000.00 03/04/2024 Lee, Owen ExpensereimbursementfromFebruary2023to July2023 2,763.80 03/04/2024 MaherAccountancy AuditAssistanceforReportingperiod2022/23 { {PO:1005} 15,000.00 03/04/2024 METHODTECHNOLOGIES (INC) SupportOptions - MSSuiteandothersoftware {po: 1022} 2,114.43 03/04/2024 OrangeCountyPrintingCompany Countyletters {po: 1007} 679.09 03/04/2024 OrangeCountyPrintingCompany Missingmailers {po:1007} 1,291.61 03/04/2024 OrangeCountyPrintingCompany Countyletters {po:1007} 1,003.75 03/05/2024 CalpineEnergySolutions December2023services {po:1003} 213,587.26 03/07/2024 AmericanExpress AMEX - Cashbackcredit ( 24.44) 03/07/2024 AmericanExpress HawaiianAirlines - Transportation - FebruaryBoardMeeting- Gabriele 676.17 03/07/2024 AmericanExpress UberTrip - Transportation 70.08 03/07/2024 AmericanExpress UberTrip - Transportation 38.93 03/07/2024 AmericanExpress AmtrakTrain - Transportation 119.00 03/07/2024 AmericanExpress LyftTrip - Transportation 85.00 03/07/2024 AmericanExpress UberTrip - Transportation 11.34 03/07/2024 AmericanExpress AmtrakTrain - Transportation 109.00 03/07/2024 AmericanExpress UberTrip - Transportation 18.88 03/07/2024 AmericanExpress Sonesta - Hotel - OwenLee 520.79 03/07/2024 AmericanExpress UberTrip - Transportation 41.94 03/07/2024 AmericanExpress UberTrip - Transportation 53.75 03/07/2024 AmericanExpress UberTrip - Transportation 8.06 03/07/2024 AmericanExpress Sonesta - Hotel - Gabriele 848.50 03/07/2024 AmericanExpress HawaiianAirlines - Transportation - MarchBoardMeeting- Gabriele 764.61 03/07/2024 AmericanExpress SouthwestAirlines - Transportation - Airticketto SanJose (FromSantaAna) - Leyna 365.97 Orange County Power Authority
PAYMENTSISSUEDJANUARY1, 2024THROUGHMARCH31, 2024
03/07/2024 AmericanExpress SouthwestAirlines - Transportation - Airticketto SanJose (FromSantaAna) - Agustin 365.97 03/07/2024 AmericanExpress SouthwestAirlines - Transportation - Airticketto SanJose (FromSanDiego) - Michelle 253.96 03/07/2024 AmericanExpress ParisBaguetteIrvine - TeamMeeting - Breakfast 60.06 03/07/2024 AmericanExpress SheratonGrandHotelSacramento - Hotel - LobbyDays - Sacramento 324.48 03/07/2024 AmericanExpress ParisBaguetteIrvine - TeamMeeting - Breakfast - Credit ( 60.06) 03/07/2024 AmericanExpress Ralph's - Snacks - CACMeeting 72.10 03/07/2024 AmericanExpress SouthwestAirlines - Transportation - FlightChange 141.00 03/07/2024 AmericanExpress SheratonGrandHotelSacramento - Hotel 602.43 03/07/2024 AmericanExpress SheratonGrandHotelSacramento - Hotel 672.21 03/07/2024 AmericanExpress Starbucks - Breakfast - BoardMeeting 95.35 03/07/2024 AmericanExpress PizzaSupremeBeing - Lunch 127.06 03/07/2024 AmericanExpress Syllabusx - ClimateChangePreparednessConference 2,570.00 03/07/2024 AmericanExpress SigniaSanJose - Hotel 14,684.00 03/07/2024 AmericanExpress SheratonGrandHotelSacramento - Hotel - Credit ( 301.21) 03/07/2024 AmericanExpress Georgie's Donuts - Breakfast - L&RandM&C CommitteeMeetings 34.40 03/07/2024 AmericanExpress Amazon - OfficeSupplies 41.96 03/07/2024 AmericanExpress Amazon - OfficeSupplies 26.93 03/07/2024 AmericanExpress Amazon - OfficeSupplies 26.93 03/07/2024 AmericanExpress Amazon - OfficeSupplies 264.86 03/07/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 14.85 03/07/2024 LincolnFinancialGroup 3/7/24Retirementdebit457B 5,722.41 03/07/2024 LincolnFinancialGroup 3/7/24Retirementdebit401A 18,530.42 03/11/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor2/15/24 - 2/22/24 & 3/1/23 - 3/31/23 16,527.63 03/13/2024 BestBest & Krieger February2024 - Countywithdrawal {po: 1002} 2,080.50 03/13/2024 BestBest & Krieger February2024 - Financial/powerprocurement {po: 1002} 1,743.00 03/13/2024 BestBest & Krieger February2024 - Specialcounsel {po: 1002} 2,988.00 03/13/2024 BestBest & Krieger February2024 - HuntingtonBeachwithdrawal {po: 1002} 996.00 03/13/2024 BestBest & Krieger February2024 - Generalcounsel {po: 1002} 10,774.00 03/13/2024 BestBest & Krieger February2024 - RegulatoryCPUC {po: 1002} 6,950.00 03/13/2024 CITYOFBUENAPARK - UUT FebruaryUtilityUserTax 88,594.27 03/13/2024 CITYOFHUNTINGONBEACH - UUT FebruaryUtilityUserTax 295,765.57 03/13/2024 CITYOFIRVINE - UUT FebruaryUtilityUserTax 164,710.65 03/13/2024 CleanPeaksEnergyServices, LLC Consultantservices - February2024 - {po:1027} 11,287.50 03/13/2024 NewGenStrategies & Solutions, LLC February2024 - Financial & EconomicConsultingservices {po: 1028} 6,408.75 03/13/2024 NorthOrangeCountyChamber 2024FullertonStateof theCityAddress & Luncheon 1,500.00 03/13/2024 OrangeCountyPrintingCompany CountyLettermailing {po:1007} 34.57 03/13/2024 OrangeCountyPrintingCompany CountyLettermailing {po:1007} 26.81 03/13/2024 OrangeCountyPrintingCompany Postenrolmentenvelopes {po:1007} 62.98 03/13/2024 OrangeCountyPrintingCompany CountyLettermailing {po:1007} 894.45 03/13/2024 OrangeCountyPrintingCompany 100% RenewableLettermailing {po:1007} 27,906.00 03/13/2024 OrangeCountyPublicAffairsAssociation SponsorshipTableof 8 600.00 03/13/2024 UnitedStatesPostalServices (Trust/EPSAccount) PostageaddedtoUSPSAccount 25,000.00 03/14/2024 SDRMA Aprilemployeebenefitcharges 19,863.81
03/14/2024 USBankInterestandServiceCharges March2024MonthlyAnalysisCharge 5,244.78 03/15/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 12.31 03/15/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 210.00 03/18/2024 CaliforniaISO (SettlementInvoices) CAISO CAISOCRRperiodfor2/01/24 - 2/29/24 117,197.42 03/18/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod2/23/24-2/29/24 & 11/22/23-11/30/23 65,432.48 03/20/2024 CPSHRConsulting 24-01OrangeCountyPowerAuthority-ChiefExecOfficer PhasesI - III - {po:1029} 30,000.00 03/20/2024 MarshLanding, LLC FebruaryCapacityPurchases 701,750.00 03/20/2024 Powerex MarchRec's 79,166.67
03/20/2024 Powerex FebruaryRec's 160,402.20
03/20/2024 SouthernCaliforniaEdison FebruaryCapacity 514,621.70 03/21/2024 HighDesertPowerProjectLLC FebruaryCapacity 625,000.00 03/21/2024 LincolnFinancialGroup 3/21/24Retirementdebit457B 5,766.30 03/21/2024 LincolnFinancialGroup 3/21/24Retirementdebit401A 18,664.02 03/22/2024 Friedman, Gabriele Februaryexpensereimbursement 172.74 03/22/2024 MaherAccountancy March2024 - TreasurerandAccountingServices { {PO:1031} 21,000.00 03/22/2024 OneOC BPCollaborativeAnnualMembership 1,000.00 03/22/2024 OrangeCountyPrintingCompany Postenrolmentenvelopes {po:1007} 604.57 03/22/2024 PacificEnergyAdvisorsInc. February2024 - MonthlyServices {po: 1008} 40,160.68 03/22/2024 TheFullertonCollaborative Membership - FullertonCollaborative 1,450.00 03/25/2024 3PRTradingInc. Vintage2023RECSpurchase 895,000.00 03/25/2024 CalpineEnergyServicesL.P. FebruaryCapacity 309,750.00 03/25/2024 ConstellationEnergyGeneration, LLC Januaryenergypurchases 7,923,196.30 03/25/2024 MorganStanleyCapitalGroup November2023RECs 400,655.00 03/25/2024 OrangeCountyPrintingCompany Postageoncountyletters {po:1007} 673.94 03/25/2024 OrangeCountyPrintingCompany Salestaxoncountyletters {po:1007} 421.96 03/25/2024 ReveilleInc. February2024OCPAFYMarketingandPRBudget-- {po: 1025} 65,286.14 03/25/2024 ShellEnergyNorthAmerica Januarycapacitypurchases 504,500.00 03/25/2024 ShellEnergyNorthAmerica Januaryenergypurchases 5,633,251.26 03/25/2024 SunrisePowerCompanyLLC Februarycapacitypurchase 1,906,250.00 03/25/2024 TheEnergyAuthorityInc. (CAISOandENERGY) CAISOperiod3/01/24-3/07/24 & 12/01/23-12/07/23 339,749.16 03/25/2024 UnitedLanguageGroup, Inc. OCPAPost-EnrollmentLetters | MultipleLanguagestranslationservice 4,400.65 03/26/2024 FullertonMuseumCenterAssociation FullertonMuseumCenterPunkExhibit & MikeNessDayEventSponsorship 5,000.00 03/26/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 9.79 03/27/2024 ABMIndustryGroups, LLC Aprilparking 780.00
03/27/2024 BRAUNBLAISING & WYNNE, P.C. February - FractionalshareoftheJointCCABioMATInvoice 982.46 03/27/2024 LBAIV-PPI, LLC April2024Rent {PO:1030} 19,000.00 03/27/2024 OrangeCountyBusinessCouncil BronzeLevelAnnualInvestment - (02/24to01/25) 2,500.00 03/27/2024 OrangeCountyPrintingCompany HB60dayNEMreturnnotices {po:1007} 2,838.13 03/27/2024 TheEnergyFederationInc. FebruaryRebate {po:1026} 93.00 03/28/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 100.00 03/29/2024 EnergyDevelopment & ConstructionCorporation January2024RECspurchases 14,166.00 03/29/2024 Igoe (Med-iBank) Medicaland/orDependentCareFSAMonthlyParticipationFee 1.35 SUBTOTAL 59,876,314.56
1/4/2024 December16 - 31 -PaychexServiceFee 221.10
1/4/2024 December16 - 31 - PayrollTaxes 19,402.99
1/4/2024 December16 - 31 -Salaries, Wages, FringeBenefits 56,404.62 1/19/2024 January1 - 15 - PayrollTaxes 22,569.18
1/19/2024 January1 - 15 -Paychex (FutaPayrollTaxes) 846.71 1/19/2024 January1 - 15 -Salaries, Wages, FringeBenefits 67,508.64 Orange County Power Authority
PAYMENTSISSUEDJANUARY1, 2024THROUGHMARCH31, 2024
2/5/2024 January16-31 - PayrollTaxes 17,359.13
2/5/2024 January16-31 - PaychexServiceFee 259.30
2/5/2024 January16-31 -Salaries, Wages, FringeBenefits 58,495.23 2/20/2024 February1-15 -PaychexServiceFee 433.25
2/20/2024 February1-15 - PayrollTaxes 25,120.98
2/20/2024 February1-15 -Salaries, Wages, FringeBenefits 73,068.75 3/5/2024 February16-29 -Salaries, Wages, FringeBenefits 62,171.08 3/5/2024 February16-29 - PayrollTaxes 18,504.77
3/5/2024 February16-29 -PaychexServiceFee 193.50
3/19/2024 March1 - 15 -PaychexServiceFee 379.35
3/19/2024 March1 - 15 - PayrollTaxes 22,338.14
3/19/2024 March1 - 15 -Salaries, Wages, FringeBenefits 72,216.62 SUBTOTAL 517,493.34
1 ACCOUNTANTS’ COMPILATION REPORT
Management
Orange County Power Authority
Management is responsible for the accompanying financial statements of Orange County Power Authority ( a California Joint Powers Authority) which comprise the statement of net position as of September 30, 2023, and the related statement of revenues, expenses, and changesin net position, and the statement of cash flows for the period then ended in accordance with accounting principles generally acceptedin the United Statesof America. We have performed a compilation engagementin accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, conclusion, nor provide any assurance on these financial statements.
Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.
Orange County Power Authority’ s annual audited financial statements include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’s conclusions about the Authority’ s financial position, results of operations, and cash flows. Accordingly, these financial statementsare not designed for those who are not informed about such matters.
We are not independent with respect to the Authority because we performed certain accounting services that impaired our independence.
MaherAccountancy
San Rafael, CA
October 26, 2023
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa. com ASSETS
Current assets
Cash - unrestricted 67,400,266$
Cash - restricted 5,800,000
Accounts receivable, net of allowance 37,050,890
Accrued revenue 28,583,180
Other receivables 4,287,420
Prepaid expenses 2,557,463
Deposits 1,570,304
Total current assets 147,249,523
LIABILITIES
Current liabilities
Accrued cost of electricity 64,068,325
Accounts payable 476,874
Other accruedliabilities 893,703
User taxes and energy surchargesdue to other governments 1,676,852 Accrued interest and financing costs 9,927
Total current liabilities 67,125,681
Noncurrent liabilities
Loan payable 7,527,841
Accrued interest and financing costs 163,516
Total noncurrent liabilities 7,691,357
Total liabilities 74,817,038
NET POSITION
Unrestricted 72,432,485
Total net position 72,432,485$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF NET POSITION
As of September 30, 2023
Seeaccountants' compilation report. 2
OPERATING REVENUES
Electricity sales, net 134, 021,892$
OPERATING EXPENSES
Cost of electricity 97,666, 454
Contract services 1,894, 493
Staff compensation 469,414
Other operating expenses 206,957
Total operating expenses 100, 237,318
Operating income ( loss) 33,784, 574
NONOPERATING REVENUES ( EXPENSES)
Investment income 165,669
Interest and financing expense ( 54,351)
Nonoperating revenues ( expenses), net 111,318
CHANGE IN NET POSITION 33,895,892
Net position at beginning of period 38,536, 593
Net position at end of period 72,432, 485$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET POSITION
Three Months Ended September 30, 2023
Seeaccountants' compilation report. 2
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 116,284,097$
Receipts from market settlements 2,196,863
Other operating receipts 228,000
Paymentsto suppliers for electricity ( 72,573,564)
Paymentsfor goods and services ( 2,312,275)
Paymentsof staff compensationand benefits ( 482,411)
Paymentsof taxesand energy surchargesto other governments ( 2,036,949) Net cashprovided (used) by operating activities 41,303,760
CASH FLOWS FROM NON- CAPITAL FINANCING ACTIVITIES
Paymentsof interest and related expenses ( 11,830)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income received 81,041
Net changein cash 41,372,971
Cashat beginning of period 31,827,295
Cashat end of period 73,200,266$
Reconciliation to the Statement of Net Position
Cash (unrestricted) 67,400,266$
Restricted cash 5,800,000
Total cashat end of period 73,200,266$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF CASH FLOWS
Three Months Ended September 30, 2023
Seeaccountants' compilation report. 2
RECONCILIATION OF OPERATING INCOME ( LOSS) TO NET
CASH PROVIDED ( USED) BY OPERATING ACTIVITIES
Operating income (loss) 33,784,574$
Adjustments to reconcile operating income (loss) to net cashprovided (used) by operating activities
Increase) decreasein:
Accounts receivable ( 13,682,165)
Other receivables ( 930,847)
Accrued revenue ( 6,519,718)
Prepaid expenses 8,799,096
Deposits 170,659
Increase (decrease) in:
Accrued cost of electricity 19,328,707
Accounts payable ( 34,869)
Other accruedliabilities ( 38,816)
User taxes and energy surchargesdue to other governments 427,139 Net cashprovided (used) by operating activities 41,303,760$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF CASH FLOWS ( continued)
Three Months Ended September 30, 2023
Seeaccountants' compilation report. 2
1 ACCOUNTANTS’ COMPILATION REPORT
Board of Directors
OrangeCounty Power Authority
Management is responsible for the operating fund and program fund budgetary comparison reports of Orange County Power Authority ( OCPA), a California Joint Powers Authority, for the period ended September 30, 2023, and for determining that the budgetary basis of accounting is an acceptable financial reporting framework. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statement nor were we required to perform any proceduresto verify the accuracy or completenessof the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any assuranceon this special purposebudgetary comparison statement.
The special purpose statement is prepared in accordance with the budgetary basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United Statesof America. This report is intended for the information of the Board of Directors of OCPA.
Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.
OCPA’s annual audited financial statements include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’s conclusions about the Authority’s financial position, results of operations, and cash flows.
Accordingly, these financial statements are not designed for those who are not informed about such matters.
We are not independentwith respectto OCPA becausewe performed certain accounting servicesthat impaired our independence.
MaherAccountancy
San Rafael, CA
October 26, 2023
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa. com
YTD Actual
YTD
Budget
YTD
Budget
Variance
Under)
Over
YTD
Actual as a
Percent of
Budget
Annual
Budget
Annual
Budget
Remaining
REVENUE AND OTHER SOURCES
Transfer in - from Operating Budget 750,000$ 750,000$ -$ 100.0% 750,000$ -$
EXPENDITURES AND OTHER USES
Energy Program expenditures 70,000 290,000 ( 220,000) 24.1% 750,000 Net change in fund balance 680,000$ 460,000
Fund balance at beginning of period 500,000
Fund balance at end of period 960,000$
ORANGE COUNTY POWER AUTHORITY
PROGRAM BUDGET COMPARISON REPORT
Three Months Ended September 30, 2023
Budget Item
Actual /
Budget % Comment
Electric SalesRevenue 105.2% Year-to-date energy salesare slightly more than forecast by approx. $6.6M or 5.2%.
Salesrevenue includes revenuesactually billed to customers as well as estimated customer usageduring the reporting period that is not yet billed.
Cost of Energy 101.7% The variance is primarily due to the timing difference between projected and actual delivery of Renewable Energy Certificates ( RECs) and fluctuating market prices.
Data Manager 107.4% These are Calpine fees charged on a per active account basis. The discrepancy related to Calpine's service fees was higher than expected due to the bi-monthly enrollment of Net Energy Metering ( NEM) accounts, which were not accounted for in the original budget. By October 2023, all NEM accounts had been enrolled into the OCPA service, contributing to the increasedfees. Staff plans to update the service fee projections in the mid- year FY23/ 24 budget review in March 2024.
Service Fees - SCE 164.6% These are SCE fees charged on a per customer basis. The discrepancy arosebecause the actual service fees charged by SCE for were higher than initially projected by SCE. This resulted in a budget shortfall. Staff plans to update the SCE service fee projections during the mid- year FY23/ 24 budget review in March 2024 to align with the actual costs.
Personnel 31.2% Staffing expensesare under budget due to the timing delay of new hires.
Professional Services 78.4% This category includes accounting and audit, rates and financial & planning analysis, portfolio management, scheduling coordinator, HR including recruitment services and compensation study, IT, and other consultants.
Legal Costs 87.6% This category includes outside legal costs for general counsel, energy procurement transactional support, labor, clerk support, regulatory, member agency withdrawal, and RA appeal services.
Marketing and customer enrollment 94.6% This category includes advertising, strategic marketing & communications, digital marketing and website development and hosting, collateral marketing, translation, sponsorships & memberships, promotional items, required customer notifications printing and mailing.
Other General & Administrative 77.7% This category includes ordinary G& A including rent, CalCCA membership, general businessinsurance, small equipment and software, travel, businessmeals, professional development, and office supplies.
Interest and financing expenses 77.6% This category includes interest and fees related to Letters of Credit posted for collateral on energy supply.
ORANGE COUNTY POWER AUTHORITY
BUDGETARY COMPARISON REPORT
Three Months Ended September 30, 2023
Date Vendor Description Amount
07/03/2023 ARTHURJ. GALLAGHER & CO. INSURANCE, INC Cyber, Directors & Officers, CommercialPackageInsurance - 6/3/23 - 6/3/24 74,380.60 07/03/2023 BlackChamberof OrangeCounty Banquet & SupportSponsorship 2,500.00 07/03/2023 Cruz, Patricia expensereimbursement - airfarefrom SFOto SNAandback 541.80 07/03/2023 LisaGordon FacilitationServices - OCPAGoalSetting & TeamBuildingWorkshop 12,174.49 07/03/2023 Littler Mendelson, PC Maylegalservices {po: 1016} 24,753.50 07/03/2023 OCCACC CorporateAnnualmembership 1,500.00
07/03/2023 OrangeCountyPrintingCompany Post-EnrollmentNotice {po: 1007} 906.46 07/03/2023 OrangeCountyPrintingCompany Courtesyletters {po: 1007} 3,780.59 07/03/2023 OrangeCountyPrintingCompany Post-EnrollmentNotice {po: 1007} 393.80 07/03/2023 PretendCityChildren'sMuseum PlaybuilderSponsorship 2,500.00 07/03/2023 USBankInterestandServiceCharges Remainingintereston paidoff loanin March 11,829.99 07/05/2023 3349MichelsonDriveIrvineLLC Parking {po: 1015} 160.00 07/10/2023 BalancePublicRelationsInc. Consultingandlobbyservices {po: 1014} 13,500.00 07/10/2023 BestBest & Krieger April2023 - GeneralCounsel {po: 1002} 2,507.50 07/10/2023 LincolnFinancialGroup 7/10/23Retirementdebit 457B 5,366.34 07/10/2023 LincolnFinancialGroup 7/10/23Retirementdebit 401A 13,553.82 07/11/2023 LBAIV-PPI, LLC JulyRent 19,000.00
07/11/2023 NewGenStrategies & Solutions, LLC June2023 - Financial & EconomicConsultingservices {po: 1006} 9,951.25 07/11/2023 OCIACC ExecuitveMembership 950.00
07/11/2023 OrangeCountyHispanicChamberof CommerceMembershipDues 1,500.00 07/11/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 717.34 07/11/2023 OrangeCountyPrintingCompany Pre-EnrollmentNotices {po: 1007} 254.73 07/11/2023 OrangeCountyPrintingCompany Pre-EnrollmentNotices {po: 1007} 3,742.66 07/11/2023 ReveilleInc. July2023EMCQuantitativeResearch -- {po: 1010} 66,850.00 07/11/2023 WarnerAndrea MayExpenseReimbursement 127.99
07/12/2023 METHODTECHNOLOGIES (INC) SupportOptions - MSSuiteandother software {po: 1017} 1,801.95 07/14/2023 CITYOFBUENAPARK - UUT JuneUtility UserTax 91,974.48 07/14/2023 CITYOFHUNTINGONBEACH - UUT JuneUtility UserTax 325,294.60 07/14/2023 CITYOFIRVINE - UUT JuneUtility UserTax 120,838.04 07/14/2023 SDRMA Augustemployeebenefitcharges 6,191.04
07/17/2023 SouthernCaliforniaEdison MarchRecsandCarbonpurchases 1,034,561.19 07/20/2023 AES June2023capacitypurchases 562,500.00
07/20/2023 BakerTillyUS, LLP, formerlyManagementPartneJune2023 - ManagementServices {po: 1013} 455.00 07/20/2023 BestBest & Krieger June2023 - LaborandEmployment {po: 1002} 1,449.00 07/20/2023 BestBest & Krieger June2023 - PublicRecordsRequests {po: 1002} 2,180.00 07/20/2023 BestBest & Krieger June2023 - Fiancial/PowerProcurement {po: 1002} 5,648.50 07/20/2023 BestBest & Krieger June2023 - HuntingtonBeachWithdrawal {po: 1002} 10,411.69 07/20/2023 BestBest & Krieger June2023 - GeneralCounsel {po: 1002} 17,092.56 07/20/2023 BestBest & Krieger June2023 - CountyWithdrawal {po: 1002} 395.00 07/20/2023 BestBest & Krieger June2023 - RegulatoryCPUC {po: 1002} 15,981.00 07/20/2023 HalliganSteven Suppliesfrom Costco 128.15
07/20/2023 MarshLanding, LLC JuneCapacityPurchases 671,562.50 07/20/2023 OrangeCountyPrintingCompany PostEnrollmentNotice {po: 1007} 383.91 07/20/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 934.10 07/20/2023 Powerex JulyEnergyPurchases 79,166.67
07/20/2023 SanDiegoGas & Electric June2023RECs 11,758.33 07/20/2023 SanDiegoGas & Electric March2023RECs 732.54
07/20/2023 SanDiegoGas & Electric April2023RECs 921.99
07/20/2023 SanDiegoGas & Electric May2023RECs 580.98
07/20/2023 SanDiegoGas & Electric June2023RECs 593.61
07/20/2023 SouthernCaliforniaEdison JuneCapacityPurchases 176,029.80 07/21/2023 CaliforniaCommunityChoiceAssociation CALCCAJuly-September2023membershipdues 98,635.50 07/21/2023 GoldenCommunicationsInc SustainingProfessionalServicesandConsultingFees, Monthly ManagedWebServices, andAdditionalLabor - June'23 {po: 1004 9,249.00 07/21/2023 PacificEnergyAdvisorsInc. June2023 - Monthly Services {po: 1008} 42,062.50 07/21/2023 ReveilleInc. OCPAProfessionalServicesthroughJune30, 2023 -- {po: 1010} 68,295.43 07/24/2023 CalpineEnergyServicesL.P. JuneCapacityPurchases 204,750.00 07/24/2023 ConstellationEnergyGeneration, LLC Juneenergypurchases 4,832,415.80 07/24/2023 FilipinoAmericanChamberof Commerceof OC BasicCorporateSponsorship 2,500.00 07/24/2023 FullertonHeritageTheatreFoundation Dayof MusicSponsorship 2,500.00 07/24/2023 GreaterIrvineChamberof Commerce AnnualMembershipInvestment 675.00 07/24/2023 MorganStanleyCapitalGroup JuneEnergyPurchases 2,247,260.40 07/24/2023 OrangeCountyPrintingCompany Post-EnrollmentNotice {po: 1007} 255.16 07/24/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 565.25 07/24/2023 ShellEnergyNorthAmerica MayEnergyPurchases 5,598,129.60 07/24/2023 ShellEnergyNorthAmerica MayCapacityPurchases 4,500.00 07/24/2023 SunrisePowerCompanyLLC Junecapacitypurchase 1,906,250.00 07/24/2023 TheEnergyAuthorityInc. (ServiceFees) June- ResourceManagementMonthlyFees {PO:1011} 14,620.00 07/24/2023 TransaltaEnergyMarketingUsInc. JuneEnergyPurchases 1,547,987.40 07/24/2023 ZodiacSolutions, LLC June2023Fees {po: 1012} 7,875.00 07/25/2023 ClimateActionCampaign NexusChampionSponsorship 10,000.00 07/27/2023 LincolnFinancialGroup 7/27/23Retirementdebit 401A 14,897.54 07/27/2023 LincolnFinancialGroup 7/27/23Retirementdebit 457B 5,885.24 07/28/2023 CaliforniaDepartmentof TaxandFeeAdministraApril-June2023ElectricEnergySurcharge 176,171.00 07/28/2023 Igoe (Med-iBank) Medicaland/or DependentCareFSAMonthly ParticipationFee 100.00 07/28/2023 UnionBank (CreditCard) CaliforniaBoardof Accountancy - CPArenewal 280.00 07/28/2023 UnionBank (CreditCard) DoubletreeHotels - Boardworkshop 275.00 07/28/2023 UnionBank (CreditCard) HuntingtonBeachChamber 20.00 07/28/2023 UnionBank (CreditCard) CheckrInc. 54.99
Orange County Power Authority
PAYMENTSISSUEDJULY 1, 2023THROUGHSEPTEMBER30, 2023
07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) UnionKitchen & Tap - CalCCAConferencedinnerfor OCPAattendees 723.88 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 60.00 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 20.64 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 79.38 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 20.64 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 99.38 07/28/2023 UnionBank (CreditCard) SimpleTruths - Boardworkshopbook 336.18 07/28/2023 UnionBank (CreditCard) Smith.AI - answeringservice 220.00 07/28/2023 UnionBank (CreditCard) TenSushi & CocktailBar - OCPAteamlunch 330.85 07/28/2023 UnionBank (CreditCard) ParkPLCenter - conferenceroomrental 450.00 07/28/2023 UnionBank (CreditCard) ParkPLCenter - food for committeemeetings 382.64 07/28/2023 UnionBank (CreditCard) Freemius - WPactivitylog 149.00 07/28/2023 UnionBank (CreditCard) Eventbrite - DirectorKim'sregistrationfor CalCCAconference 850.00 07/28/2023 UnionBank (CreditCard) Zoom.com - subscription 350.88 07/28/2023 UnionBank (CreditCard) Costco - officesupplies 129.63 07/28/2023 UnionBank (CreditCard) ParkPLCenter - conferenceroomrental 450.00 07/28/2023 UnionBank (CreditCard) ParkPLCenter - food for committeemeetings 227.25 07/28/2023 UnionBank (CreditCard) PretendCity - sponsorship 2,500.00 07/28/2023 UnionBank (CreditCard) AlaskaAir - PattyCruz'sFlight 386.88 07/28/2023 UnionBank (CreditCard) GotoCommunications - businessaccountfor callcenter 372.75 07/28/2023 UnionBank (CreditCard) Amazo - officesupplies 161.61 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 708.04 07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 78.76 07/28/2023 UnionBank (CreditCard) Uber 7.43
07/28/2023 UnionBank (CreditCard) Marriott MarquisSanDiegoMarina - CalCCAconference 40.00 07/28/2023 UnionBank (CreditCard) HomeDepot - officesupplies 32.31 07/28/2023 UnionBank (CreditCard) creditcardfees ( 961.78) 07/31/2023 ABMIndustryGroups, LLC JulyParking 480.00
07/31/2023 ABMIndustryGroups, LLC May Parking 620.00
07/31/2023 ABMIndustryGroups, LLC JuneParking 560.00
07/31/2023 DavisonSusan Apriltravelreimbursements 68.58 07/31/2023 DavisonSusan Maytravelreimbursements 34.26
07/31/2023 DavisonSusan Junetravelreimbursements 68.58
07/31/2023 EnergyDevelopment & ConstructionCorporationMayRECspurchases 73,458.00 07/31/2023 OrangeCountyPrintingCompany Postenrollmentnotice {po: 1007} 652.84 07/31/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 729.44 07/31/2023 OrangeCountyPrintingCompany Postage{po: 1007} 607.38 07/31/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod7/07/23-7/13/23 & period4/7/13-4/13/23 122,446.65 07/31/2023 UnitedLanguageGroup, Inc. Translationof residentialnoticesinto 8 languages 4,952.81 08/01/2023 DarooKoreanPerformingArtsandCulture Daroo's2023KoreanDay - TitleSponsorship 4,000.00 08/01/2023 USBankCreditCard GotoCommunications - businessaccountfor callcenter 420.32 08/01/2023 USBankCreditCard Wahoo'sFishTaco 26.92
08/01/2023 USBankCreditCard SGTPepperoni'sPizza 6.00
08/01/2023 USBankCreditCard Smith.AI - answeringservice 220.00 08/01/2023 USBankCreditCard Adobe 145.25
08/01/2023 USBankCreditCard PuestoParkPlace - staff lunch 259.91 08/01/2023 USBankCreditCard AlaskaAir - StevenHalligan'sFlight 262.80 08/01/2023 USBankCreditCard Zoom.com - subscription 350.88 08/01/2023 USBankCreditCard Smith.AI - answeringservice 15.00 08/01/2023 USBankCreditCard creditcardfees ( 663.87)
08/01/2023 USBankCreditCard ezCater - staffersluncheon 352.12 08/01/2023 USBankCreditCard Zoom.com - subscription 350.88 08/01/2023 USBankCreditCard OfficeDepot - officesupplies 79.11 08/01/2023 USBankCreditCard VietnameseAmericanChamberof Commerce - sponsorship 2,500.00 08/01/2023 USBankCreditCard AsianBusinessAssociationof OrangeCounty - corporateadvisoryboardmembership 1,000.00 08/01/2023 USBankCreditCard KoreanAmericanChamberof Commerce - sponsorship 1,500.00 08/01/2023 USBankCreditCard OfficeDepot - officesupplies 32.31 08/01/2023 USBankCreditCard OfficeDepot - officesupplies 162.99 08/01/2023 USBankCreditCard DoubleTreeHotels - LisaGordon 170.16 08/01/2023 USBankCreditCard DoubleTreeHotels - food for guests 1,130.66 08/01/2023 USBankCreditCard ParkPLCenter - conferenceroom rental 450.00 08/01/2023 USBankCreditCard ParkPLCenter - food for committeemeetings 350.87 08/01/2023 USBankCreditCard creditcardfees 80.00
08/01/2023 USBankCreditCard cashrewardsredemption ( 1,800.00) 08/01/2023 USBankCreditCard creditcardfees 921.78
08/01/2023 USBankCreditCard EIGConstantContact 410.20
08/01/2023 USBankCreditCard GotoCommunications - businessaccountfor callcenter 393.87 08/01/2023 USBankCreditCard Sustainibilityjobs 695.00
08/01/2023 USBankCreditCard Perimeter81 - subscription 1,344.00 08/01/2023 USBankCreditCard Smith.AI - answeringservice 235.00 08/01/2023 USBankCreditCard GoogleLLC 1.55
08/01/2023 USBankCreditCard SimplyVeganProject - sponsorship 3,500.00 08/01/2023 USBankCreditCard TheCottage - businesslunch 59.84 08/01/2023 USBankCreditCard SouthwestAirlines - JoeMosca - flight to Oaklandfor CalCCAconference 227.97 08/01/2023 USBankCreditCard SouthwestAirlines - JoeMosca - flight to Sacramentofor Advocacy & EducationMeetingsregardingstateaudit 267.97 08/01/2023 USBankCreditCard Paymentto beappliedto Sep2023purchases 1,302.51 08/02/2023 CalpineEnergySolutions June2023services {po:1003} 204,407.26 08/03/2023 ConstellationEnergyGeneration, LLC Juneenergypurchases 4,832,415.80 08/03/2023 DavisonSusan Marchtravelreimbursements 68.58 08/03/2023 DavisonSusan Maytravelreimbursements - CalCCAConference 135.65 08/03/2023 LBAIV-PPI, LLC AugustRent 19,000.00
08/07/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod7/14/23-7/20/23 & period4/14/13-4/20/23 478,528.44 08/08/2023 LincolnFinancialGroup 8/8/23Retirementdebit 401A 14,060.70 08/08/2023 LincolnFinancialGroup 8/8/23Retirementdebit 457B 5,668.75 08/10/2023 Igoe (Med-iBank) Medicaland/or DependentCareFSAMonthly ParticipationFee 2,275.08 08/11/2023 ARTHURJ. GALLAGHER & CO. INSURANCE, INC CrimeInsurance - 8/1/23 - 8/1/24 1,691.00 08/11/2023 BakerTillyUS, LLP, formerlyManagementPartneJuly2023 - ManagementServices {po: 1013} 7,762.50 08/11/2023 BalancePublicRelationsInc. Consultingandlobbyservices {po: 1014} 13,500.00 08/11/2023 Cityof BuenaPark SuperSeniorSaturdayResourceFair 150.00 08/11/2023 CITYOFBUENAPARK - UUT JulyUtility UserTax 92,416.64 08/11/2023 CITYOFHUNTINGONBEACH - UUT JulyUtility UserTax 300,497.73 08/11/2023 CITYOFIRVINE - UUT JulyUtility UserTax 146,715.51 08/11/2023 DavisonSusan Julyshipmentreimbursement 228.60 08/11/2023 DiGiovanna, Andrew 2023CelebrateIrvine - GreaterIrvineChamber 465.00 08/11/2023 FullertonJuniorAll American FullertonBearsJuniorAll AmericanFootball - Sponsorship 4,000.00 08/11/2023 Jacquez-Nares, Pat Expensereimbursments 98.17 08/11/2023 JoeMosca JulyTeamLunch 223.05
08/11/2023 Littler Mendelson, PC Junelegalservices {po: 1016} 2,761.00 08/11/2023 Littler Mendelson, PC Julylegalservices {po: 1016} 1,423.50 08/11/2023 NorthOrangeCountyChamber NOC - ChamberMembership - Corporate 875.00 08/11/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 615.86 08/11/2023 OrangeCountyPrintingCompany Postage{po: 1007} 519.34 08/11/2023 OrangeCountyPrintingCompany OctoberNotice #1 Postcard {po: 1007} 1,195.43 08/14/2023 METHODTECHNOLOGIES (INC) SupportOptions - MSSuiteandother software {po: 1017} 1,894.95 08/14/2023 OrangeCountyPrintingCompany Post-EnrollmentNotice {po: 1007} 428.74 08/14/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 597.54 08/14/2023 SDRMA Septemberemployeebenefitcharges 11,768.80 08/14/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod7/21/23-7/27/23 period4/14/13-4/20/23and8/1/22-8/31/22 2,080,562.94 08/14/2023 TheEnergyFederationInc. MarketplaceSetUpFeefor FY23/24 {po:1026} 50,000.00 08/17/2023 Wregis TransferredRECs 108.80
08/18/2023 MaherAccountancy August2023 - TreasurerandAccountingServices {PO:1005} 18,000.00 08/18/2023 ReveilleInc. OCPAProfessionalServicesthroughJuly31, 2023 -- {po: 1010} 67,205.10 08/18/2023 UnitedStatesPostalServices (Trust/EPSAccount)Postageaddedto USPSAccount 75,000.00 08/21/2023 AES July2023capacitypurchases 562,500.00
08/21/2023 LincolnFinancialGroup retirementfees 722.83
08/21/2023 MarshLanding, LLC JulyCapacityPurchases 667,800.00 08/21/2023 Powerex AugustEnergyPurchases 79,166.67
08/21/2023 SanDiegoGas & Electric July2023RECs 13,716.18 08/21/2023 SouthernCaliforniaEdison JulyCapacityPurchases 1,976,029.80 08/21/2023 SouthernCaliforniaEdison AprilRECs 1,215,586.98 08/21/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod7/28/23-8/03/23andperiod4/28/23-5/04/23 1,001,556.30 08/22/2023 CalpineEnergySolutions July2023services {po:1003} 206,511.01 08/22/2023 CPSHRConsulting 23-01OrangeCoPowerAuthorityResourcesDirector 9,000.00 08/22/2023 GoldenCommunicationsInc SustainingProfessionalServicesandConsultingFees, MonthlyManagedWebServices, andAdditionalLabor - July'23 {po: 1004} 18,549.00 08/22/2023 Igoe (Med-iBank) Medicaland/or DependentCareFSAMonthlyParticipationFee 878.96 08/22/2023 PacificEnergyAdvisorsInc. July2023 - MonthlyServices {po: 1008} 31,909.95 08/23/2023 ABMIndustryGroups, LLC AugustParking 480.00
08/23/2023 CalpineEnergyServicesL.P. JulyCapacityPurchases 204,750.00 08/23/2023 CalpineEnergyServicesL.P. AprilRECspurchased 1,689,800.00 08/23/2023 Cruz, Patricia Julyexpensereimbursements 600.00 08/23/2023 MorganStanleyCapitalGroup JulyEnergyPurchases 3,094,072.50 08/23/2023 OrangeCountyPrintingCompany Post-EnrollmentNotice {po: 1007} 549.27 08/23/2023 ShellEnergyNorth America JuneCapacityPurchases 504,500.00 08/23/2023 ShellEnergyNorth America JuneEnergyPurchases 5,868,878.40 08/23/2023 SunrisePowerCompanyLLC Julycapacitypurchase 1,906,250.00 08/23/2023 ZArmstrong, Marshall NSCPayout 257.71
08/24/2023 LincolnFinancialGroup 8/24/23Retirementdebit 457B 4,641.04 08/24/2023 LincolnFinancialGroup 8/24/23Retirementdebit 401A 11,607.40 08/24/2023 TheEnergyAuthorityInc. (ServiceFees) July- ResourceManagementMonthly Fees {PO:1011} 14,620.00 08/28/2023 EnergyDevelopment & ConstructionCorporationJuneRECspurchases 84,744.00 08/28/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod8/04/23-8/10/23andperiod5/05/23-5/11/23 673,781.36 08/30/2023 ABMIndustryGroups, LLC AugustParking 60.00
08/30/2023 BestBest & Krieger July2023 - GeneralCounsel {po: 1002} 13,412.10 08/30/2023 BestBest & Krieger July2023 - RegulatoryCPUC {po: 1002} 32,040.60 08/30/2023 BestBest & Krieger July2023 - CountyWithdrawal {po: 1002} 3,160.00 08/30/2023 BestBest & Krieger July2023 - Financial/PowerProcurement {po: 1002} 6,162.00 08/30/2023 BestBest & Krieger July2023 - HuntingBeachWithdrawal {po: 1002} 4,508.95 08/30/2023 BestBest & Krieger July2023 - PublicRecordsRequests {po: 1002} 2,410.00 08/30/2023 DarooKoreanPerformingArtsandCulture Daroo's2023KoreanDay - TitleSponsorship 4,000.00 08/30/2023 Igoe (Med-iBank) Medicaland/or DependentCareFSAMonthlyParticipationFee 100.00 08/30/2023 LBAIV-PPI, LLC SeptemberRent 19,000.00
08/30/2023 MaherAccountancy Bill.comcloudbasedaccountspayableanddocumentmanagementsystemJune & July2023 {PO:1005} 296.12 08/30/2023 MaherAccountancy July2023 - TreasurerandAccountingServices {PO:1005} 18,000.00 08/30/2023 OrangeCountyPrintingCompany OCPAConsumerBrochure {po: 1007} 1,048.41 08/30/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 673.61 08/30/2023 ReveilleInc. One-YearAnniversaryPaidMedia - Invoice1 of 2 -- {po: 1010} 50,000.00 08/30/2023 SouthernCaliforniaEdison (Non-Energy) Massenrollmentfee & monthlyservicefeesthroughJuly2023 {po: 1020} 556,703.60 08/30/2023 Wregis Retired RECs 5,427.28
08/31/2023 LincolnFinancialGroup retirementfees 1,091.99 09/05/2023 ABMIndustryGroups, LLC SeptemberParking 420.00 09/05/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 1,014.71 09/05/2023 OrangeCountyPrintingCompany JointRateMailer {po: 1007} 41,255.79 09/05/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod8/11/23-8/17/23andperiod5/12/23-5/17/23 2,535,315.68 09/05/2023 UnitedLanguageGroup, Inc. Translationof residentialnoticesinto 8 languages 4,962.81 09/06/2023 TGPEnergyManagement, LLC JuneRECs 1,223,436.00 09/07/2023 BalancePublicRelationsInc. Consultingandlobbyservices {po: 1014} 13,500.00 09/07/2023 SouthernCaliforniaEdison May RECs 1,402,233.12 09/08/2023 Cityof BuenaPark ChristmasTreeLightingSponsorship 1,000.00 09/08/2023 Cityof SantaClara (SiliconValleyPower) 2023September - DecemberRecsInstallment1 of 3 1,625,000.00 09/08/2023 LincolnFinancialGroup 9/8/23Retirementdebit 457B 4,641.04 09/08/2023 LincolnFinancialGroup 9/8/23Retirementdebit 401A 11,640.80 09/08/2023 OrangeCountyPrintingCompany Courtesyletters {po: 1007} 1,478.45 09/08/2023 OrangeCountyPrintingCompany Post-Enrollment {po: 1007} 396.86 09/08/2023 OrangeCountyPrintingCompany PostEnrollmentNotice {po: 1007} 319.79 09/08/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 1,164.96 09/08/2023 TullettPrebonAmericasCorp. BrokerFees - TheEnergyAuthority 19,775.00 09/11/2023 Powerex SeptemberEnergyPurchases 79,166.67
09/11/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod8/18/23-8/23/23, 5/18/23-5/24/23and9/1/22 & 9/30/22 617,254.33 09/12/2023 Cityof Irvine Cityof Irvine - FiestaLatinaCommunitySponsor 1,001.00 09/12/2023 EquusEnergyGroupLLC Augustbrokerfees - CounterPartySiliconValleyPower 46,312.50 09/12/2023 METHODTECHNOLOGIES (INC) SupportOptions - MSSuiteandother software {po: 1017} 1,883.08 09/12/2023 OrangeCountyPrintingCompany BuenaParkLetters {po: 1007} 557.55 09/12/2023 OrangeCountyPrintingCompany Post-EnrollmentNotice {po: 1007} 343.06 09/12/2023 OrangeCountyPrintingCompany Pre-EnrollmentNotice {po: 1007} 1,370.58 09/12/2023 ReveilleInc. September2023EMCQuantitativeResearch -- {po: 1025} 66,850.00 09/12/2023 TullettPrebonAmericasCorp. BrokerFees - CalpineEnergyServicesLP 7,304.00 09/14/2023 Igoe (Med-iBank) Medicaland/or DependentCareFSAMonthly ParticipationFee 25.75 09/15/2023 BakerTillyUS, LLP, formerlyManagementPartneAugust2023 - ManagementServices {po: 1024} 5,287.50 09/15/2023 Cityof SantaClara (SiliconValleyPower) 2023September - DecemberRecsInstallment2 of 3 1,625,000.00 09/15/2023 ClimateActionCampaign ClimateActionCampaignProgram 20,000.00 09/15/2023 IntegratedImpressions Multiple items 10,822.38 09/15/2023 SDRMA Octoberemployeebenefitcharges 5,493.23 09/18/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod8/24/23-8/30/23, 5/25/23-6/01/23 1,116,964.11 09/20/2023 AES August2023capacitypurchases 562,500.00
09/20/2023 MarshLanding, LLC AugustCapacityPurchases 666,137.50 09/20/2023 Powerex AugustRec's 92,172.01
09/20/2023 SanDiegoGas & Electric August2023RECs 10,217.67 09/20/2023 SouthernCaliforniaEdison AugustCapacity 249,708.10 09/21/2023 GoldenCommunicationsInc SustainingProfessionalServicesandConsultingFees, MonthlyManagedWebServices, andAdditionalLabor - Aug'23 {po: 1004} 10,899.00 09/22/2023 CaliforniaCommunityChoiceAssociation Quarterlyinvoicefor SCECaseManagementSpecialAssessment (August2023 - December2023) 7,200.00 09/22/2023 Cityof BuenaPark YouthPosterExhibitionSponsorship 500.00 09/22/2023 CITYOFBUENAPARK - UUT AugustUtility UserTax 156,758.02 09/22/2023 CITYOFHUNTINGONBEACH - UUT AugustUtility UserTax 429,674.43 09/22/2023 CITYOFIRVINE - UUT AugustUtility UserTax 196,608.35 09/22/2023 Lee, Owen Expensereimbursement 283.82
09/22/2023 Lee, Owen Expensereimbursementfrom June2022to December2022 3,735.10 09/22/2023 Littler Mendelson, PC Augustlegalservices {po: 1016} 414.00 09/22/2023 NewGenStrategies & Solutions, LLC August2023 - Financial & EconomicConsultingservices {po: 1028} 6,118.75 09/22/2023 PacificEnergyAdvisorsInc. August2023 - Monthly Services {po: 1008} 42,111.80 09/22/2023 ReveilleInc. August2023MarketingServices -- {po: 1025} 86,019.29 09/22/2023 UnitedStatesPostalServices (Trust/EPSAccount)Postageaddedto USPSAccount 45,000.00 09/25/2023 CalpineEnergyServicesL.P. Augustcapacitypurchases 204,750.00 09/25/2023 ConstellationEnergyGeneration, LLC Julyenergypurchases 6,877,012.20 09/25/2023 EnergyDevelopment & ConstructionCorporationJulyRECspurchases 44,982.00 09/25/2023 MaherAccountancy September2023 - TreasurerandAccountingServices {PO:1005} 18,000.00 09/25/2023 MorganStanleyCapitalGroup AugustEnergyPurchases 4,114,761.20 09/25/2023 OCIACC MehreganFallFestivalCommunitySponsorship 2,500.00 09/25/2023 OrangeCountyPrintingCompany Pre-EnrollmentNotice {po: 1007} 383.67 09/25/2023 OrangeCountyPrintingCompany BuenaParkLetter {po: 1007} 840.00 09/25/2023 ReveilleInc. OneYearAnniversaryPaidMedia -- {po: 1025} 64,883.00 09/25/2023 ShellEnergyNorthAmerica JulyCapacityPurchases 504,500.00 09/25/2023 ShellEnergyNorthAmerica JulyEnergyPurchases 5,204,520.00 09/25/2023 SunrisePowerCompanyLLC Augustcapacitypurchase 1,906,250.00 09/25/2023 TheEnergyAuthorityInc. (CAISOandENERGY)CAISOperiod8/31/23-9/07/23, 6/02/23-6/08/23 608,118.01 09/25/2023 TransaltaEnergyMarketingUsInc. JulyEnergyPurchases 1,356,772.05 09/26/2023 LincolnFinancialGroup 9/26/23Retirementdebit 401A 11,563.40 09/26/2023 LincolnFinancialGroup 9/26/23Retirementdebit 457B 4,641.04 09/28/2023 CalpineEnergySolutions August2023services {po:1003} 210,365.76 09/28/2023 CleanPeaksEnergyServices, LLC Consultantservices - August2023 -- {po 1027} 8,090.00 09/28/2023 DellMarketingL.P. 5 Computerstationsplus10monitors 9,538.48 09/28/2023 TheEnergyAuthorityInc. (ServiceFees) August- ResourceManagementMonthlyFees {PO:1011} 14,620.00 09/29/2023 Igoe (Med-iBank) Medicaland/or DependentCareFSAMonthly ParticipationFee 100.00 SUBTOTAL 83,678,037.63
07/05/2023 June16 - June30 - PayrollTaxes 12,657.38
07/05/2023 June16 - June30 -Salaries, Wages, FringeBenefits 45,346.83 07/05/2023 June16 - June30 -PaychexServiceFee 172.50
07/19/2023 July1 - July15 -PaychexServiceFee 319.80
07/19/2023 July1 - July15 - PayrollTaxes 15,714.96
07/19/2023 July1 - July15 -Salaries, Wages, FringeBenefits 52,636.94 08/03/2023 July16 - July31 -PaychexServiceFee 168.30
08/03/2023 July16 - July31 - PayrollTaxes 14,507.02
08/03/2023 July16 - July31 -Salaries, Wages, FringeBenefits 45,811.77 08/17/2023 August1 - 15 - PayrollTaxes 12,366.57
08/17/2023 August1 - 15 -PaychexServiceFee 315.60
08/17/2023 August1 - 15 -Salaries, Wages, FringeBenefits 42,283.82 09/05/2023 August16 - 31 -Salaries, Wages, FringeBenefits 38,434.29 09/05/2023 August16 - 31 - PayrollTaxes 11,421.43
09/05/2023 August16 - 31 -PaychexServiceFee 224.10
09/05/2023 Employeenet paycheckfor 8/17/23-8/22/23 1,843.46 09/19/2023 September1 - 15 -PaychexServiceFee 309.90
09/19/2023 September1 - 15 - PayrollTaxes 11,739.13
09/19/2023 September1 - 15 -Salaries, Wages, FringeBenefits 40,088.54 SUBTOTAL 346,362.34
1 ACCOUNTANTS’ COMPILATION REPORT
Management
Orange County Power Authority
Management is responsible for the accompanying financial statements of Orange County Power Authority ( a California Joint Powers Authority) which comprise the statement of net position as of December 31, 2023, and the related statement of revenues, expenses, and changesin net position, and the statement of cash flows for the period then ended in accordance with accounting principles generally acceptedin the United Statesof America. We have performed a compilation engagementin accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, conclusion, nor provide any assurance on these financial statements.
Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.
Orange County Power Authority’ s annual audited financial statements include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’s conclusions about the Authority’ s financial position, results of operations, and cash flows. Accordingly, these financial statementsare not designed for those who are not informed about such matters.
We are not independent with respect to the Authority because we performed certain accounting services that impaired our independence.
MaherAccountancy
San Rafael, CA
January31, 2024
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa. com ASSETS
Current assets
Cash - unrestricted 65,587,681$
Cash - restricted 800,000
Accounts receivable, net of allowance 29,268,787
Accrued revenue 20,278,757
Other receivables 926,563
Prepaid expenses 91,577
Deposits 1,512,807
Total current assets 118,466,172
Noncurrent assets
Cash - restricted 5,000,000
Total assets 123,466,172
LIABILITIES
Current liabilities
Accrued cost of electricity 31,664,305
Accounts payable 1,069,442
Other accruedliabilities 541,071
User taxes and energy surchargesdue to other governments 1,270,269 Total current liabilities 34,545,087
Noncurrent liabilities
Loan payable 7,527,841
Accrued interest and financing costs 207,941
Total noncurrent liabilities 7,735,782
Total liabilities 42,280,869
NET POSITION
Unrestricted 81,185,303
Total net position 81,185,303$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF NET POSITION
As of December 31, 2023
Seeaccountants' compilation report. 2
OPERATING REVENUES
Electricity sales, net 218, 558,881$
OPERATING EXPENSES
Cost of electricity 170, 890,793
Contract services 4,077, 185
Staff compensation 1,040, 044
Other operating expenses 438,828
Total operating expenses 176, 446,850
Operating income ( loss) 42,112, 031
NONOPERATING REVENUES ( EXPENSES)
Investment income 703,513
Interest and financing expense ( 166,834)
Nonoperating revenues ( expenses), net 536,679
CHANGE IN NET POSITION 42,648,710
Net position at beginning of period 38,536, 593
Net position at end of period 81,185, 303$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET POSITION
Six Months Ended December 31, 2023
Seeaccountants' compilation report. 2
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 218,796,181$
Receipts from market settlements 2,449,791
Other operating receipts 228,000
Paymentsto suppliers for electricity ( 172,739,821)
Paymentsfor goods and services ( 4,462,083)
Paymentsof staff compensationand benefits ( 993,279)
Paymentsof taxesand energy surchargesto other governments ( 4,332,101) Net cashprovided (used) by operating activities 38,946,688
CASH FLOWS FROM NON- CAPITAL FINANCING ACTIVITIES
Paymentsof interest and related expenses ( 89,815)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income received 703,513
Net changein cash 39,560,386
Cashat beginning of period 31,827,295
Cashat end of period 71,387,681$
Reconciliation to the Statement of Net Position
Cash (unrestricted) 65,587,681$
Restricted cash, current 800,000
Restricted cash, noncurrent 5,000,000
Total cashat end of period 71,387,681$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF CASH FLOWS
Six Months Ended December 31, 2023
Seeaccountants' compilation report. 2
RECONCILIATION OF OPERATING INCOME ( LOSS) TO NET
CASH PROVIDED ( USED) BY OPERATING ACTIVITIES
Operating income (loss) 42,112,031$
Adjustments to reconcile operating income (loss) to net cashprovided (used) by operating activities
Increase) decreasein:
Accounts receivable ( 5,900,062)
Other receivables 2,345,382
Accrued revenue 1,784,705
Prepaid expenses 11,264,983
Deposits 228,156
Increase (decrease) in:
Accrued cost of electricity ( 13,075,314)
Accounts payable 557,699
Other accruedliabilities ( 391,448)
User taxes and energy surchargesdue to other governments 20,556 Net cashprovided (used) by operating activities 38,946,688$
ORANGE COUNTY POWER AUTHORITY
STATEMENT OF CASH FLOWS ( continued)
Six Months Ended December 31, 2023
Seeaccountants' compilation report. 2
1 ACCOUNTANTS’ COMPILATION REPORT
Board of Directors
OrangeCounty Power Authority
Management is responsible for the operating fund and program fund budgetary comparison reports of Orange County Power Authority ( OCPA), a California Joint Powers Authority, for the period ended December 31, 2023, and for determining that the budgetary basis of accounting is an acceptable financial reporting framework. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the accompanying statement nor were we required to perform any proceduresto verify the accuracy or completenessof the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any assuranceon this special purposebudgetary comparison statement.
The special purpose statement is prepared in accordance with the budgetary basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United Statesof America. This report is intended for the information of the Board of Directors of OCPA.
Management has elected to omit substantially all of the note disclosures required by accounting principles generally accepted in the United States of America in these interim financial statements.
OCPA’s annual audited financial statements include the note disclosures omitted from these interim statements. If the omitted disclosures were included in these financial statements, they might influence the user’s conclusions about the Authority’s financial position, results of operations, and cash flows.
Accordingly, these financial statements are not designed for those who are not informed about such matters.
We are not independentwith respectto OCPA becausewe performed certain accounting servicesthat impaired our independence.
MaherAccountancy
San Rafael, CA
January31, 2024
1101 Fifth Avenue, Suite 200 San Rafael, CA 94901 415 459 1249 mahercpa. com
YTD Actual
YTD
Budget
YTD
Budget
Variance
Under)
Over
YTD
Actual as a
Percent of
Budget
Annual
Budget
Annual
Budget
Remaining
REVENUE AND OTHER SOURCES
Transfer in - from Operating Budget 750,000$ 750,000$ -$ 100.0% 750,000$ -$
EXPENDITURES AND OTHER USES
Energy Program expenditures 154,660 470,000 ( 315,340) 32.9% 750,000 595,340 Net change in fund balance 595,340$ 280,000
Fund balance at beginning of period -
Fund balance at end of period 280,000$
ORANGE COUNTY POWER AUTHORITY
PROGRAM BUDGET COMPARISON REPORT
Six Months Ended December 31, 2023
Budget Item
Actual /
Budget % Comment
Electric Sales Revenue 105. 8% Year- to- date energy sales are slightly more than forecast by approx. $ 12. 0M or
5.8%. Sales revenue includes revenues actually billed to customers as well as estimated customer usage during the reporting period that is not yet billed.
Cost of Energy 107.0% The variance is affected by increased energy purchases required to provide for greater than expected customer load. Also affecting the variance is the timing difference between projected and actual delivery of RenewableEnergy Certificates RECs) and fluctuating market prices.
Data Manager 108. 1% These are Calpine fees charged on a per active account basis. The discrepancy related to Calpine's service fees was higher than expected due to the bi-monthly enrollment of Net Energy Metering ( NEM) accounts, which were not accounted for in the original budget. By October 2023, all NEM accountshad been enrolled into the OCPA service, contributing to the increased fees. Staff plans to update the service fee projections in the mid-year FY23/24 budget review in March 2024.
Service Fees - SCE 146. 8% These are SCE fees charged on a per customer basis. The discrepancy arose because the actual service fees charged by SCE for were higher than initially projected by SCE. This resulted in a budget shortfall. Staff plans to update the SCE service fee projections during the mid- year FY23/ 24 budget review in March 2024 to align with the actual costs.
Personnel 33.4% Staffing expensesare under budget due to the timing delay of new hires.
Professional Services 77. 5% This category includes accounting and audit, rates and financial & planning analysis, portfolio management, scheduling coordinator, HR including recruitment services and compensation study, IT, and other consultants.
Legal Costs 90. 0% This category includes outside legal costs for general counsel, energy procurement transactional support, labor, clerk support, regulatory, member agency withdrawal, and RA appeal services.
Marketing and customer enrollment 111. 3% This category includes advertising, strategic marketing & communications, digital marketing and website development and hosting, collateral marketing, translation, sponsorships & memberships, promotional items, required customer notifications printing and mailing. Actual expenses were greater than the budget by $ 136k. This was due to timing, as the OCPA' s anniversary campaign and related media and communication initiatives were incurred in October 2023. Staff expects less expenses to be incurred in 2024.
Other General & Administrative 82. 9% This category includes ordinary G& A including rent, CalCCA membership, general business insurance, small equipment and software, travel, business meals, professional development, and office supplies.
Interest and financing expenses 114. 9% This category includes interest and fees related to Letters of Credit posted for collateral on energy supply.
ORANGE COUNTY POWER AUTHORITY
BUDGETARY COMPARISON REPORT
Six Months Ended December 31, 2023
Date Vendor Description Amount
10/ 02/ 2023 ABM Industry Groups, LLC September Parking 500.00 10/ 02/ 2023 Best Best & Krieger August 2023 - Financial/Power Procurement { po: 1002} 4,621.50 10/ 02/ 2023 Best Best & Krieger August 2023 - Regulatory/ CPUC {po: 1002} 10,882.25 10/ 02/ 2023 Best Best & Krieger August 2023 - Huntington Beach Withdrawal { po: 1002} 4,266.00 10/ 02/ 2023 Best Best & Krieger August 2023 - County Withdrawal { po: 1002} 118.50 10/ 02/ 2023 Best Best & Krieger August 2023 - General Counsel {po: 1002} 6,350.00 10/ 02/ 2023 Best Best & Krieger August 2023 - Public RecordsRequests {po: 1002} 2,355.00 10/ 02/ 2023 LBAIV-PPI, LLC October Rent 19,000.00
10/ 02/ 2023 Orange County Printing Company Post-Enrollment Notice {po: 1007} 363.50 10/ 02/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 761.52 10/ 02/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 1,008.67 10/ 02/ 2023 Orange County Printing Company Post-Enrollment Notice {po: 1007} 338.24 10/ 02/ 2023 Southern California Edison Vintage 2023 RECs 1,456,175.85 10/ 02/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 9/ 08/ 23-9/ 14/ 23, 6/ 09/ 23-6/ 15/ 23 744,781.05 10/ 02/ 2023 USBankCredit Card Zoom.com - subscription 318.90 10/ 02/ 2023 USBankCredit Card Southwest Airlines - Pat JacquezNares ticket to Sacramento 311.97 10/ 02/ 2023 USBankCredit Card Southwest Airlines - Fred Jungticket to Sacramento 311.97 10/ 02/ 2023 USBankCredit Card Southwest Airlines - Steve Halligan ticket to Sacramento 311.97 10/ 02/ 2023 USBankCredit Card Southwest Airlines - Andrew Giovanna ticket to Sacramento 311.97 10/ 02/ 2023 USBankCredit Card Goto Communications - businessaccount for call center 583.05 10/ 02/ 2023 USBankCredit Card Linkedin 88.84
10/ 02/ 2023 USBankCredit Card Venmo-subscription 900.00 10/ 02/ 2023 USBankCredit Card Uber 56.77
10/ 02/ 2023 USBankCredit Card Uber 15.94
10/ 02/ 2023 USBankCredit Card Linkedin 51.16
10/ 02/ 2023 USBankCredit Card Smith.AI - answering service 235.00 10/ 02/ 2023 USBankCredit Card Uber 67.43
10/ 02/ 2023 USBankCredit Card ChezMaman - businessmeals 39.60 10/ 02/ 2023 USBankCredit Card Courtyard SanFrancisco - Steve Halligan 516.44 10/ 02/ 2023 USBankCredit Card Courtyard SanFrancisco - Agustin Lee 474.52 10/ 02/ 2023 USBankCredit Card Uber 20.99
10/ 02/ 2023 USBankCredit Card Vista Print - businesscards 737.43 10/ 02/ 2023 USBankCredit Card CivicCtr Santa Ana - parking 20.00 10/ 02/ 2023 USBankCredit Card CivicCtr Santa Ana - parking 14.00 10/ 02/ 2023 USBankCredit Card Google LLC 12.00
10/ 02/ 2023 USBankCredit Card Zoom.com - subscription 318.90 10/ 02/ 2023 USBankCredit Card USPS - postage 28.75
10/ 02/ 2023 USBankCredit Card Southwest Airlines - JoeMosca ticket to Sacramento 217.96 10/ 02/ 2023 USBankCredit Card Irvine Global Village - City of Irvine event booth 2,000.00 10/ 02/ 2023 USBankCredit Card Jan' Health Bar - lunch with staff 42.61 10/ 02/ 2023 USBankCredit Card Jan' Health Bar - lunch with staff 46.96 10/ 02/ 2023 USBank Interest and ServiceCharges September interest payment on credit line account 9,926.57 10/ 02/ 2023 USBank Interest and ServiceCharges Letter of Credit - California Independent System 563.50 10/ 02/ 2023 USBank Interest and ServiceCharges Letter of Credit - Southern California Edison 1,533.33 10/ 02/ 2023 USBank Interest and ServiceCharges Letter of Credit - Marsh Landing LLC 9,955.77 10/ 02/ 2023 USBank Interest and ServiceCharges Letter of Credit - Pacific Gasand Electric Company 10,012.47 10/ 02/ 2023 USBank Interest and ServiceCharges Letter of Credit - Southern California Edison 10,848.33 10/ 02/ 2023 USBank Interest and ServiceCharges Letter of Credit - Grace Orchard EnergyCenter 11,732.88 10/ 02/ 2023 USBank Interest and ServiceCharges Letter of Credit - ShellEnergyNorth America 13,416.67 10/ 04/ 2023 BalancePublic Relations Inc. Consulting and lobby services {po: 1014} 13,500.00 10/ 05/ 2023 Climate Action Campaign OCRound Table Event 15,000.00 10/ 05/ 2023 Halligan Steven Mileage reimbursement 62.88 10/ 05/ 2023 Jung, Fred Expensereimbursement - Amtrack 51.40 10/ 05/ 2023 North Orange County Chamber SheInfluences Conference 150.00 10/ 05/ 2023 Orange County Printing Company Streetlight Pre-Enrollment { po: 1007} 732.91 10/ 05/ 2023 Orange County Printing Company NEM Postcard {po: 1007} 2,800.39 10/ 05/ 2023 SustainSouthern California Gold Sponsor - Four Event Registration 3,800.00 10/ 10/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod 9/ 15/ 23-9/ 21/ 23 41,749.29 10/ 10/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 9/ 15/ 23-9/ 21/ 23, 6/ 16/ 23-6/ 21/ 23 483,660.13 10/ 11/ 2023 Baker Tilly US, LLP, formerly Management Partners Inc September 2023 - Management Services {po: 1024} 13,443.75 10/ 11/ 2023 Lincoln Financial Group 10/ 11/ 23 Retirement debit 457B 4,641.04 10/ 11/ 2023 Lincoln Financial Group 10/ 11/ 23 Retirement debit 401A 12,073.88 10/ 11/ 2023 NewGen Strategies & Solutions, LLC September 2023 - Financial & Economic Consulting services {po: 1028} 8,321.25 10/ 11/ 2023 Orange County Printing Company Orange County Letters {po: 1007} 715.93 10/ 11/ 2023 Orange County Printing Company Pop Up Banner {po: 1007} 278.00 10/ 12/ 2023 CITYOFBUENAPARK - UUT September Utility User Tax 142,547.85 10/ 12/ 2023 CITYOFHUNTINGONBEACH - UUT September Utility User Tax 400,406.63 10/ 12/ 2023 CITYOFIRVINE - UUT September Utility User Tax 196,013.17 10/ 12/ 2023 METHODTECHNOLOGIES (INC) Support Options - MS Suite and other software { po: 1017} 1,917.84 10/ 13/ 2023 Littler Mendelson, PC September legal services {po: 1016} 414.00 10/ 13/ 2023 SDRMA November employee benefit charges 9,683.29 10/ 16/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod 9/ 22/ 23-9/ 28/ 23 31,059.63 10/ 16/ 2023 Southern California Edison September Capacity 1,885,261.70 10/ 16/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 9/ 22/ 23-9/ 28/ 23, 6/ 22/ 23-6/ 28/ 23 and 10/ 1/22-10/ 31/ 22 514,073.36 10/ 16/ 2023 USBank Interest and ServiceCharges AnalysisService Charge 2,538.12 10/ 17/ 2023 City of Fullerton Fullerton Park and Recreation Department - Memorial Tree and Plaque 1,400.00 10/ 18/ 2023 City of Fullerton Tommy Lasorda Day Festival - Sponsorship 5,000.00 10/ 18/ 2023 United LanguageGroup, Inc. Localization - Subtitling 829.40 10/ 20/ 2023 AES September 2023 capacity purchases 562,500.00 10/ 20/ 2023 Best Best & Krieger September 2023 - General Counsel {po: 1002} 11,618.57 10/ 20/ 2023 Best Best & Krieger September 2023 - Financial/Power Procurement { po: 1002} 2,488.50 10/ 20/ 2023 Best Best & Krieger September 2023 - County Withdrawal { po: 1002} 118.50 10/ 20/ 2023 Best Best & Krieger September 2023 - Huntington Beach Withdrawal { po: 1002} 23,144.88 10/ 20/ 2023 Best Best & Krieger September 2023 - Regulatory {po: 1002} 18,605.70 10/ 20/ 2023 Best Best & Krieger September 2023 - Public RecordsRequests {po: 1002} 1,372.50 10/ 20/ 2023 Marsh Landing, LLC September Capacity Purchases 671,825.00 10/ 20/ 2023 Pacific EnergyAdvisors Inc. September 2023 - Monthly Services {po: 1008} 48,991.51 10/ 20/ 2023 Powerex October Rec's 79,166.67
10/ 20/ 2023 SanDiego Gas & Electric September 2023 RECs 24,664.20 10/ 23/ 2023 2023 WKBCOrganizing Committee World Korean BusinessConvention - BasicPackage 2,500.00 10/ 23/ 2023 3PRTrading Inc. September capacity Purchases 3,150,000.00 10/ 23/ 2023 960 CoolOC Bright Futures Outreach Grant Program 10,000.00 10/ 23/ 2023 California Community ChoiceAssociation CALCCAOctober-December 2023 membership dues 98,635.50 10/ 23/ 2023 Calpine EnergyServicesL.P. September capacity purchases 722,250.00 10/ 23/ 2023 Calpine EnergyServicesL.P. JuneRECs 1,184,300.00 10/ 23/ 2023 Calpine EnergyServicesL.P. May RECs 2,121,050.00 10/ 23/ 2023 Constellation EnergyGeneration, LLC August energy purchases 8,326,995.40 10/ 23/ 2023 Di Giovanna, Andrew September reimbursement expenses 413.95 10/ 23/ 2023 Morgan Stanley Capital Group September EnergyPurchases 3,063,280.00 10/ 23/ 2023 Morgan Stanley Capital Group September RECs 476,460.75 10/ 23/ 2023 Morgan Stanley Capital Group Vintage 2023 RECs 82,892.75 10/ 23/ 2023 OCGoesSolar Bright Futures Outreach Grant Program 20,000.00 10/ 23/ 2023 Orange County Printing Company Post Enrollment Notice {po: 1007} 539.45 10/ 23/ 2023 Orange County Printing Company Orange County Letters {po: 1007} 509.76 10/ 23/ 2023 Orange County Printing Company Orange County Letters {po: 1007} 1,702.86 10/ 23/ 2023 Pretend City Children's Museum Bright Futures Outreach Grant Program 20,000.00 10/ 23/ 2023 ShellEnergyNorth America August EnergyPurchases 5,543,524.80 10/ 23/ 2023 ShellEnergyNorth America August Capacity Purchases 504,500.00 10/ 23/ 2023 SunrisePower Company LLC September capacity purchase 1,906,250.00 10/ 23/ 2023 SustainSouthern California SustainSoCalAnnual Membership - Government 10/ 23 - 10/ 24 1,000.00 10/ 23/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 9/ 29/ 23-10/ 05/ 23 and 6/ 29/ 23-7/ 06/ 23 899,439.25 10/ 23/ 2023 Transalta EnergyMarketing Us Inc. August EnergyPurchases 1,438,900.20 10/ 23/ 2023 Tullett Prebon Americas Corp. Broker Fees - Calpine EnergyServicesLP 6,806.00 10/ 23/ 2023 Tullett Prebon Americas Corp. Broker Fees - Calpine EnergyServicesLP 4,731.00 Orange County Power Authority
PAYMENTSISSUEDOCTOBER1, 2023THROUGHDECEMBER31, 2023
Date Vendor Description Amount
Orange County Power Authority
PAYMENTSISSUEDOCTOBER1, 2023THROUGHDECEMBER31, 2023
10/ 23/ 2023 Tullett Prebon Americas Corp. Broker Fees - Constellation Energy & Generation LLC 13,000.00 10/ 23/ 2023 Tullett Prebon Americas Corp. Broker Fees - PeninsulaClean Energy 3,600.00 10/ 23/ 2023 Tullett Prebon Americas Corp. Broker Fees - Pilot Power Group LLC 6,392.00 10/ 23/ 2023 Zodiac Solutions, LLC September 2023 Fees {po: 1012} 5,700.00 10/ 24/ 2023 Lincoln Financial Group 10/ 24/ 23 Retirement debit 401A 10,796.94 10/ 24/ 2023 Lincoln Financial Group 10/ 24/ 23 Retirement debit 457B 4,668.72 10/ 24/ 2023 Maher Accountancy October 2023 - Treasurer and Accounting Services {PO:1005} 18,000.00 10/ 24/ 2023 TheEnergyAuthority Inc. (ServiceFees) September ResourceManagement Monthly Fees {PO:1011} 14,620.00 10/ 25/ 2023 California Department of Taxand FeeAdministration July-September 2023 Electric EnergySurcharge 226,477.00 10/ 25/ 2023 USBank Interest and ServiceCharges Letter of Credit - California Independent System 150.00 10/ 26/ 2023 Buena Park Noon LionsClub Inc. Silverado days - Commercial Booth 500.00 10/ 26/ 2023 Golden Communications Inc SustainingProfessional Servicesand Consulting Fees, Monthly Managed Web Services, and Additional Labor - September 2023 {po: 1004} 8,949.00 10/ 26/ 2023 OCGoesSolar Workshop - ExpoTable 250.00
10/ 26/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 1,493.23 10/ 26/ 2023 Orange County Printing Company Power Content LabelMaker { po: 1007} 43,979.99 10/ 27/ 2023 METHODTECHNOLOGIES (INC) Support Options - computer installation, move or reload of operating system {po: 1017} 300.00 10/ 30/ 2023 American Express AMEX - CashbackProgram Fee 90.00 10/ 30/ 2023 American Express AMEX - Annual Membership Fee 35.00 10/ 30/ 2023 American Express AMEX - Annual Membership Fee 35.00 10/ 30/ 2023 American Express AMEX - CashbackProgram Fee 90.00 10/ 30/ 2023 American Express AMEX - Annual Membership Fee 35.00 10/ 30/ 2023 American Express AMEX - CashbackProgram Fee 90.00 10/ 30/ 2023 American Express AMEX - Expedited Fee 15.00 10/ 30/ 2023 American Express AMEX - Annual Membership Fee 35.00 10/ 30/ 2023 American Express AMEX - CashbackProgram Fee 90.00 10/ 30/ 2023 American Express AMEX - Annual Membership Fee 35.00 10/ 30/ 2023 American Express AMEX - CashbackProgram Fee 90.00 10/ 30/ 2023 American Express Peet's - Coffee 8.69
10/ 30/ 2023 American Express SDIAAirport - Parking in SanDiego 76.00 10/ 30/ 2023 American Express FoxRent-A-Car - Car Rental in Oakland 164.58 10/ 30/ 2023 American Express Chevron - Fuel for Car Rental 28.21 10/ 30/ 2023 City of Santa Clara (Silicon Valley Power) 2023 September - December Recs 1,625,000.00 10/ 30/ 2023 EnergyDevelopment & Construction Corporation August RECspurchases 34,236.00 10/ 30/ 2023 Igoe (Med-iBank) Medical and/ or Dependent Care FSAMonthly Participation Fee 100.00 10/ 30/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 10/ 06/ 23-10/ 12/ 23 and 7/07/ 23-7/13/ 23 1,261,835.83 10/ 31/ 2023 Ektaa Center Ektaa Diwali Fest2023 - Events/Arts Partner Sponsorship 1,500.00 10/ 31/ 2023 LBAIV-PPI, LLC November Rent 19,000.00
10/ 31/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 1,236.46 11/ 01/ 2023 Calpine EnergySolutions September 2023 services {po:1003} 211,370.46 11/ 01/ 2023 USBankCredit Card SanPeetsCoffee - Coffee 10.58 11/ 01/ 2023 USBankCredit Card Sell & Family Sacramento - Dinner at Ellain Sacramento 3,851.10 11/ 01/ 2023 USBankCredit Card Starbucks - Committee Meeting Food & Coffee 74.40 11/ 01/ 2023 USBankCredit Card Starbuck - Food & Coffee for Board Meeting 105.55 11/ 01/ 2023 USBankCredit Card Mothers Market - Food 6.19 11/ 01/ 2023 USBankCredit Card SDIAAirport Parking - Parking in SanDiego 2.95 11/ 01/ 2023 USBankCredit Card Office Depot - Office Supplies 89.86 11/ 01/ 2023 USBankCredit Card Go to Com - Phone Forwarding Service for CallCenter 713.16 11/ 01/ 2023 USBankCredit Card Smith AI - Phone Forwarding ServcieFor CallCenter 235.00 11/ 01/ 2023 USBankCredit Card Google LLCGsuite 12.00
11/ 01/ 2023 USBankCredit Card Southwest Airlines - Airline Ticketsto Sacramento F. Jung 33.00 11/ 01/ 2023 USBankCredit Card Southwest Airlines - Airline Ticketsto Sacramento S. Halligan 10/ 10/ 23 249.96 11/ 01/ 2023 USBankCredit Card Uber Trip - Transportation 25.14 11/ 01/ 2023 USBankCredit Card Uber Trip - Transportation 27.48 11/ 01/ 2023 USBankCredit Card Amtrak - Train Fare to SanDiego 40.40 11/ 01/ 2023 USBankCredit Card Uber Trip - Transportation 28.74 11/ 01/ 2023 USBankCredit Card Hotel E - Room in Santa Rosa 188.15 11/ 01/ 2023 USBankCredit Card Hilton Garden Inn - Room at Sacramento 246.52 11/ 01/ 2023 USBankCredit Card Hilton Garden Inn - Room at Sacramento 246.52 11/ 01/ 2023 USBankCredit Card Hilton Garden Inn - Room at Sacramento 246.52 11/ 01/ 2023 USBankCredit Card Hilton Garden Inn - Room at Sacramento 246.52 11/ 01/ 2023 USBankCredit Card Alamo Rent-A-Car - Car Rental in Sacramento 112.28 11/ 01/ 2023 USBankCredit Card Uber Trip - Transportation 33.42 11/ 01/ 2023 USBankCredit Card Arco - Gasfor Rental 14.19 11/ 01/ 2023 USBankCredit Card Parking Meter - Parking in Santa Rosa 1.25 11/ 01/ 2023 USBankCredit Card SDIAAirport Parking - Parking in SanDiego 76.00 11/ 01/ 2023 USBankCredit Card UCSDParking Mobile - Parking 31.50 11/ 01/ 2023 USBankCredit Card LazParking - Parking in SanDiego 2.00 11/ 01/ 2023 USBankCredit Card John Wayne Airport - Parking 34.00 11/ 01/ 2023 USBankCredit Card Checkr - Employee background check 61.61 11/ 01/ 2023 USBankCredit Card Indeed Jobs - Advertisement 80.00 11/ 06/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 10/ 13/ 23-10/ 19/ 23 and 7/14/ 23-7/20/ 23 2,319,770.55 11/ 06/ 2023 TMI Trust Company (INC) Annual Fee: TMI Trust Company Annual Administration Feefor period October 29 2023 to October 28 2024 12,500.00 11/ 07/ 2023 Lincoln Financial Group 11/ 7/23 Retirement debit 401A 11,842.16 11/ 07/ 2023 Lincoln Financial Group 11/ 7/23 Retirement debit 457B 4,696.40 11/ 08/ 2023 United LanguageGroup, Inc. Translation Charges 980.00 11/ 09/ 2023 Southern California Edison January - July 2023 RECsPurchases 13,206,960.81 11/ 10/ 2023 ABM Industry Groups, LLC October Parking 420.00 11/ 10/ 2023 Jung, Fred Expensereimbursement - Businessmeal 198.52 11/ 10/ 2023 Lincoln Financial Group Retirement fees 1,304.77 11/ 10/ 2023 Lincoln Financial Group Retirement fees 807.73 11/ 10/ 2023 Maher Accountancy Bill.com cloud based accounts payable and document management system August & September 2023 {PO:1005} 296.13 11/ 10/ 2023 Orange County Printing Company Streetlight Pre-Enrollment { po: 1007} 732.89 11/ 10/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 918.09 11/ 13/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 10/ 20/ 23-10/ 26/ 23v 7/ 21/ 23-7/ 28/ 23 and 11/ 1/22-11/ 30/ 22 2,201,018.80 11/ 14/ 2023 Baker Tilly US, LLP, formerly Management Partners Inc October 2023 - Management Services {po: 1024} 5,118.75 11/ 14/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod 10/ 20/ 23-10/ 26/ 23 and 11/ 1/23-11/ 30/ 23 1,925.93 11/ 14/ 2023 CITYOFBUENAPARK - UUT October Utility User Tax 149,547.51 11/ 14/ 2023 CITYOFHUNTINGONBEACH - UUT October Utility User Tax 440,471.29 11/ 14/ 2023 CITYOFIRVINE - UUT October Utility User Tax 191,473.09 11/ 14/ 2023 Littler Mendelson, PC October legal services {po: 1016} 3,928.50 11/ 14/ 2023 METHODTECHNOLOGIES (INC) Support Options - computer installation, move or reload of operating system {po: 1017} 2,057.78 11/ 14/ 2023 ReveilleInc. September 2023 Marketing Services -- {po: 1025} 100,541.69 11/ 14/ 2023 ReveilleInc. October 2023 EMCQualitative Researchand FocusGroups -- {po: 1025} 22,500.00 11/ 14/ 2023 SDRMA December employee benefit charges 6,693.94 11/ 14/ 2023 TGPEnergyManagement, LLC August RECs 66,736.00 11/ 14/ 2023 TGPEnergyManagement, LLC Vintage 2023 RECs 860,301.00 11/ 14/ 2023 TheEnergyFederation Inc. Marketplace - Annual Management 9/ 26/ 23-9/ 25/ 24 {po:1026} 60,000.00 11/ 14/ 2023 United StatesPostal Services (Trust/ EPSAccount) Postageadded to USPSAccount 50,000.00 11/ 15/ 2023 American Express AMEX - Adjustment to reconcile account, prior month bank service fees ( 15.00) 11/ 15/ 2023 American Express Pannini Kabob Grill Irvine - Lunch with Brenda Deely 47.81 11/ 15/ 2023 American Express Puesto Park Place - Lunch with Daily Post 68.98 11/ 15/ 2023 American Express Benihana Newport - Team Building Luncheon 587.43 11/ 15/ 2023 American Express North Italia - Team Lunch 310.87 11/ 15/ 2023 American Express Starbucks - Board Meeting 105.55 11/ 15/ 2023 American Express Starfish Restaurant Fountain Valley 108.24 11/ 15/ 2023 American Express Mimi' s Cafe - Lunch Team Building 187.35 11/ 15/ 2023 American Express Sam's Club - Meeting Snacks 66.93 11/ 15/ 2023 American Express Sweet ElleCafé Huntington Beach 16.80 11/ 15/ 2023 American Express BRAINYACTZSOCAL.COM IRVINE - Team Building 286.55 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 16.49 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 46.71 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 52.68 11/ 15/ 2023 American Express Amtrak - Train Owen Lee 73.00 11/ 15/ 2023 American Express Transportation - Gabriele Friedman 71.19 Date Vendor Description Amount
Orange County Power Authority
PAYMENTSISSUEDOCTOBER1, 2023THROUGHDECEMBER31, 2023
11/ 15/ 2023 American Express Uber - Transportation Owen Lee 26.28 11/ 15/ 2023 American Express Transportation - Gabriele Friedman 10.00 11/ 15/ 2023 American Express Hawaiian Airlines - Air Fare - Gabriele Friedman 736.43 11/ 15/ 2023 American Express BOOKING.COM B.V. AMSTERDAM - Hotel - Gabriele Friedman 865.95 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 11.56 11/ 15/ 2023 American Express Amtrak - Train Owen Lee 81.00 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 9.45 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 10.71 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 9.16 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 11.35 11/ 15/ 2023 American Express Hawaiian Airlines - Air Fare - Gabriele Friedman 568.37 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 9.96 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 40.70 11/ 15/ 2023 American Express Amtrak - Train Owen Lee 81.00 11/ 15/ 2023 American Express BOOKING.COM B.V. AMSTERDAM - Hotel Owen Lee 690.08 11/ 15/ 2023 American Express Uber - Transportation Owen Lee 16.93 11/ 15/ 2023 United LanguageGroup, Inc. Translation Charges 270.00 11/ 16/ 2023 ABM Industry Groups, LLC November Parking 360.00 11/ 16/ 2023 Clean PeaksEnergyServices, LLC Consultant services - September 2023 -- {po 1027} 19,725.00 11/ 17/ 2023 Friedman, Gabriele October expensereimbursements 275.78 11/ 20/ 2023 AES October 2023 capacity purchases 562,500.00 11/ 20/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod10/ 01/ 23-10/ 31/ 23 and 11/ 1/23-11/ 02/ 23 130,839.06 11/ 20/ 2023 Maher Accountancy November 2023 - Treasurer and Accounting Services { {PO:1005} 18,000.00 11/ 20/ 2023 Marsh Landing, LLC October Capacity Purchases 689,587.50 11/ 20/ 2023 NewGen Strategies & Solutions, LLC October 2023 - Financial & Economic Consulting services {po: 1028} 17,853.75 11/ 20/ 2023 Powerex November Rec's 79,166.67
11/ 20/ 2023 Powerex October Rec's 102,533.34
11/ 20/ 2023 SanDiego Gas & Electric October 2023 RECs 121,273.44 11/ 20/ 2023 Southern California Edison October Capacity 485,562.30 11/ 20/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 10/ 27/ 23-11/ 02/ 23 7/28/ 23-8/03/ 23 1,020,746.68 11/ 21/ 2023 EquusEnergyGroup LLC October broker fees - Counter Party BPEnergyCompany 106,875.00 11/ 21/ 2023 Golden Communications Inc SustainingProfessional Servicesand Consulting Fees, Monthly Managed Web Services, and Additional Labor - October 2023 {po: 1004} 2,349.00 11/ 21/ 2023 Pacific EnergyAdvisors Inc. October 2023 - Monthly Services {po: 1008} 42,270.17 11/ 22/ 2023 Best Best & Krieger October 2023 - Huntington BeachWithdrawal { po: 1002} 10,337.00 11/ 22/ 2023 Best Best & Krieger October 2023 - County Withdrawal { po: 1002} 2,050.00 11/ 22/ 2023 Best Best & Krieger October 2023 - Public RecordsRequests {po: 1002} 1,397.50 11/ 22/ 2023 Best Best & Krieger October 2023 - Labor and Employment {po: 1002} 158.00 11/ 22/ 2023 Best Best & Krieger October 2023 - General Counsel {po: 1002} 13,472.75 11/ 22/ 2023 Best Best & Krieger October 2023 - Regulatory - CPUC {po: 1002} 7,083.00 11/ 22/ 2023 Best Best & Krieger October 2023 - Financial/Power Procurement { po: 1002} 6,359.50 11/ 22/ 2023 Dell Marketing L.P. 1 Wireless Keyboard & Mouse, 1 Thunderbolt and 2 Dell Monitors 554.40 11/ 22/ 2023 TheEnergyAuthority Inc. (ServiceFees) October ResourceManagement Monthly Fees {PO:1011} 14,620.00 11/ 22/ 2023 Zodiac Solutions, LLC October 2023 Fees {po: 1012} 3,600.00 11/ 24/ 2023 Calpine EnergyServicesL.P. October capacity 722,250.00 11/ 24/ 2023 Constellation EnergyGeneration, LLC September energy purchases 7,028,398.00 11/ 24/ 2023 Friedman, Gabriele October & November expensereimbursements 242.59 11/ 24/ 2023 Lincoln Financial Group 11/ 24/ 23 Retirement debit 401A 14,568.98 11/ 24/ 2023 Lincoln Financial Group 11/ 24/ 23 Retirement debit 457B 4,696.40 11/ 24/ 2023 Morgan Stanley Capital Group October EnergyPurchases 2,203,495.80 11/ 24/ 2023 Morgan Stanley Capital Group July Rec's 478,330.70 11/ 24/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 1,338.96 11/ 24/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 627.78 11/ 24/ 2023 ShellEnergyNorth America September Capacity Purchases 504,500.00 11/ 24/ 2023 ShellEnergyNorth America September EnergyPurchases 5,369,472.00 11/ 24/ 2023 SunrisePower Company LLC October capacity purchase 1,906,250.00 11/ 24/ 2023 Transalta EnergyMarketing Us Inc. September EnergyPurchases 1,392,988.50 11/ 24/ 2023 United StatesPostal Services (Trust/ EPSAccount) Postageadded to USPSAccount 10,000.00 11/ 28/ 2023 Dell Marketing L.P. 2 Dell Latitude 5540 3,378.47 11/ 28/ 2023 Orange County Printing Company January Streetlight Notice {po: 1007} 1,346.74 11/ 28/ 2023 Orange County Printing Company Fullerton Letter {po: 1007} 1,479.00 11/ 29/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod 11/ 03/ 23 - 11/ 09/ 23 431,376.15 11/ 29/ 2023 EnergyDevelopment & Construction Corporation September RECspurchases 46,710.00 11/ 29/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 11/ 03/ 23-11/ 09/ 23 & 8/ 04/ 23-8/ 10/ 23 942,591.55 12/ 01/ 2023 Filipino American Chamber of Commerce of OC TableSponsorship Filipino American Chamber of Commerce Gala 750.00 12/ 01/ 2023 Igoe (Med-iBank) Medical and/ or Dependent Care FSAMonthly Participation Fee 100.00 12/ 01/ 2023 USBankCredit Card Google Suite - Advertising 12.00 12/ 01/ 2023 USBankCredit Card Kodiako Ramen & B - Food 30.87 12/ 01/ 2023 USBankCredit Card Amazon - Office Supplies 169.06 12/ 01/ 2023 USBankCredit Card USPS - Postage 28.50
12/ 01/ 2023 USBankCredit Card Amazon - Office Supplies 118.10 12/ 01/ 2023 USBankCredit Card Amazon - Office Supplies 75.35 12/ 01/ 2023 USBankCredit Card Amazon - Office Supplies 119.10 12/ 01/ 2023 USBankCredit Card Amazon - Office Supplies 75.42 12/ 01/ 2023 USBankCredit Card Amazon - Office Supplies 31.26 12/ 01/ 2023 USBankCredit Card Zoom - Recording Services 318.90 12/ 01/ 2023 USBankCredit Card Adobe - Additional Licensefor New Staff 79.21 12/ 01/ 2023 USBankCredit Card Adobe - Additional Licensefor New Staff 158.42 12/ 01/ 2023 USBankCredit Card Smith AI - Phone Forwarding ServiceFor CallCenter 235.00 12/ 01/ 2023 USBankCredit Card Go to Com - Phone Forwarding Service for CallCenter 669.29 12/ 01/ 2023 USBankCredit Card Courtyard by Marriott - Hotel 224.50 12/ 01/ 2023 USBankCredit Card John Wayne Airport - Parking 40.00 12/ 01/ 2023 USBankCredit Card Uber Trip - Transportation 13.98 12/ 01/ 2023 USBankCredit Card Uber Trip - Transportation 13.99 12/ 01/ 2023 USBankCredit Card Checkr - Employee background check 166.98 12/ 04/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 11/ 10/ 23-11/ 14/ 23 & 8/ 11/ 23-8/ 17/ 23 520,726.85 12/ 05/ 2023 ABM Industry Groups, LLC December Parking 540.00 12/ 05/ 2023 Calpine EnergySolutions October 2023 services {po:1003} 211,950.16 12/ 05/ 2023 Charitable Ventures Orange County Sustainability Decathalon Sponsorship 6,550.00 12/ 05/ 2023 LBAIV-PPI, LLC December 2023 Rent 19,000.00 12/ 05/ 2023 Orange County BusinessCouncil Supporter Sponsor - Turning RedTape into Red Carpet and Holiday Reception 2,000.00 12/ 05/ 2023 Orange County Division Leagueof CACities Orange County Division Meeting (09/ 21/ 23) 60.00 12/ 05/ 2023 Pisenti & Brinker LLP First Progressbill for audit ended June30, 2023 {po: 1018} 17,000.00 12/ 06/ 2023 American Express AMEX - Adjustment to reconcile account, prior month bank service fees ( 2.78) 12/ 06/ 2023 American Express Starbucks - Board Meeting Food 88.95 12/ 06/ 2023 American Express Uber Eats - Food ( 96.80) 12/ 06/ 2023 American Express Uber Eats - Food 96.80
12/ 06/ 2023 American Express Night Owl - Coffee Fulleton Council Member Ahamad Zahra 6.01 12/ 06/ 2023 American Express Puesto Park Place - Team Lunch 278.10 12/ 06/ 2023 American Express Starbucks - Board Meeting Food 85.10 12/ 06/ 2023 American Express Starbucks - Board Meeting Food 89.60 12/ 06/ 2023 American Express FYFFrom Your Flowers - Flowers 50.08 12/ 06/ 2023 American Express FYFFrom Your Flowers - Flowers 49.53 12/ 06/ 2023 American Express Sonesta - Hotel - Owen Lee 1,253.58 12/ 06/ 2023 American Express Uber Trip - Transportation 17.68 12/ 06/ 2023 American Express Sonesta - Hotel - Owen Lee 157.69 12/ 06/ 2023 American Express Uber Trip - Transportation 35.91 12/ 06/ 2023 American Express Amtrak Train - Owen Lee 119.00 12/ 06/ 2023 American Express Hawaiian Airlines - Airfare - Gabriele Friedman 567.14 12/ 06/ 2023 American Express Uber trip - Transportation 16.90 12/ 06/ 2023 American Express Sonesta - Hotel - Gabriele Friedman 649.60 12/ 06/ 2023 American Express Uber trip - Transportation 7.71 12/ 06/ 2023 American Express Uber trip - Transportation 51.41 12/ 06/ 2023 American Express Uber trip - Transportation 9.90 12/ 06/ 2023 American Express Uber Trip - Transportation 7.18 Date Vendor Description Amount
Orange County Power Authority
PAYMENTSISSUEDOCTOBER1, 2023THROUGHDECEMBER31, 2023
12/ 06/ 2023 American Express Uber trip - Transportation 9.91 12/ 06/ 2023 American Express Uber trip - Transportation 12.90 12/ 06/ 2023 American Express Uber trip - Transportation 9.94 12/ 07/ 2023 Clean PeaksEnergyServices, LLC Consultant services - October 2023 -- {po 1027} 12,115.00 12/ 08/ 2023 Lincoln Financial Group 12/ 08/ 23 Retirement debit 401A 14,741.38 12/ 08/ 2023 Lincoln Financial Group 12/ 08/ 23 Retirement debit 457B 4,758.46 12/ 11/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod 12/ 01/ 22-12/ 31/ 22 & 11/ 15/ 23 - 11/ 21/ 23 24,633.39 12/ 11/ 2023 Halligan Steven Mileage reimbursement 75.59 12/ 11/ 2023 Orange County Division Leagueof CACities Sponsorship for Orange County Division (10/ 1/ 23 - 9/ 30/ 24) 2,500.00 12/ 11/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 1,129.14 12/ 11/ 2023 ReveilleInc. October 2023 OCPAFYMarketing and PRBudget-- {po: 1025} 135,676.91 12/ 11/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 11/ 15/ 23-11/ 21/ 23, 8/ 18/ 23-8/ 23/ 23 and 12/ 1/22-12/ 31/ 22 553,014.95 12/ 14/ 2023 USBank Interest and ServiceCharges USBank - AnalysisService Charge 2,665.46 12/ 15/ 2023 Best Best & Krieger November 2023 - Public RecordsRequests {po: 1002} 3,807.50 12/ 15/ 2023 Best Best & Krieger November 2023 - Huntington BeachWithdrawal { po: 1002} 7,581.49 12/ 15/ 2023 Best Best & Krieger November 2023 - Financial/Power Procurement { po: 1002} 4,740.00 12/ 15/ 2023 Best Best & Krieger November 2023 - County Withdrawal { po: 1002} 3,067.30 12/ 15/ 2023 Best Best & Krieger November 2023 - General Counsel {po: 1002} 21,815.60 12/ 15/ 2023 Best Best & Krieger November 2023 - Regulatory - CPUC {po: 1002} 17,044.50 12/ 18/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod for 11/ 1/ 23-11/ 30/ 23 51,918.74 12/ 18/ 2023 City of Buena Park Christmas Tree Lighting Sponsorship - Inflatable Globe 1,000.00 12/ 18/ 2023 CITYOFBUENAPARK - UUT November Utility User Tax 104,177.31 12/ 18/ 2023 City of Fullerton City of Fullerton Tree Lighting Sponsorship 3,000.00 12/ 18/ 2023 CITYOFHUNTINGONBEACH - UUT November Utility User Tax 311,239.19 12/ 18/ 2023 City of Irvine Illuminate Irvine - Community Sponsor 1,000.00 12/ 18/ 2023 CITYOFIRVINE - UUT November Utility User Tax 132,799.50 12/ 18/ 2023 Maher Accountancy December 2023 - Treasurer and Accounting Services { {PO:1005} 18,000.00 12/ 18/ 2023 METHODTECHNOLOGIES (INC) Support Options - MS Suite and other software { po: 1017} 300.00 12/ 18/ 2023 METHODTECHNOLOGIES (INC) Support Options - MS Suite and other software { po: 1017} 2,343.65 12/ 18/ 2023 METHODTECHNOLOGIES (INC) Support Options - Laptop setup {po: 1017} 300.00 12/ 18/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 1,034.27 12/ 18/ 2023 Orange County Printing Company Buena Park Letter {po: 1007} 794.17 12/ 18/ 2023 ReveilleInc. November 2023 OCPAFYMarketing and PRBudget-- {po: 1025} 107,316.93 12/ 18/ 2023 SDRMA January employee benefit charges 15,584.68 12/ 18/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 11/ 22/ 23-11/ 30/ 23 and 8/24/ 23-8/30/ 23, NERCJanuary 2022 Charges 862,986.07 12/ 18/ 2023 Tullett Prebon Americas Corp. Broker Fees - Morgan Stanley Capital Group Inc. 12,500.00 12/ 18/ 2023 United StatesPostal Services (Trust/ EPSAccount) Postageadded to USPSAccount 10,000.00 12/ 18/ 2023 Waymakers Light a Light of Love - Sponsorship 500.00 12/ 20/ 2023 AES November 2023 capacity purchases 562,500.00 12/ 20/ 2023 Marsh Landing, LLC November Capacity Purchases 694,137.50 12/ 20/ 2023 Powerex December EnergyPurchases 79,166.67 12/ 20/ 2023 Powerex California PRSPCC1RECSales 125,663.16 12/ 20/ 2023 SanDiego Gas & Electric November 2023 RECs 23,058.30 12/ 20/ 2023 Southern California Edison November Capacity 485,562.30 12/ 21/ 2023 ABM Industry Groups, LLC December Parking 120.00 12/ 21/ 2023 California Community ChoiceAssociation Quarterly invoice for SCECaseManagement SpecialAssessment (January 2024 - March 2024) 7,200.00 12/ 21/ 2023 City of Fullerton City of Fullerton - First Night Sponsorship - Gold Tier 2,500.00 12/ 21/ 2023 CPSHRConsulting 23-01 Orange Co Power Authority ResourcesDirector for period 10/ 1/23-10/ 28/ 23 9,000.00 12/ 21/ 2023 Golden Communications Inc SustainingProfessional Servicesand Consulting Fees, Monthly Managed Web Services, and Additional Labor - November 2023 {po: 1004} 2,649.00 12/ 21/ 2023 Lincoln Financial Group 12/ 21/ 23 Retirement debit 401A 16,633.26 12/ 21/ 2023 Lincoln Financial Group 12/ 21/ 23 Retirement debit 457B 4,706.32 12/ 21/ 2023 Littler Mendelson, PC November legal services {po: 1016} 298.00 12/ 21/ 2023 NewGen Strategies & Solutions, LLC November 2023 - Financial & Economic Consulting services {po: 1028} 8,148.75 12/ 21/ 2023 Orange County Printing Company Orange County Letters {po: 1007} 597.30 12/ 21/ 2023 Pacific EnergyAdvisors Inc. November 2023 - Monthly Services {po: 1008} 43,029.60 12/ 21/ 2023 TheEnergyAuthority Inc. (ServiceFees) November ResourceManagement Monthly Fees {PO:1011} 14,620.00 12/ 22/ 2023 California ISO (Settlement Invoices) CAISO CAISOCRRperiod for 12/ 01/ 23 - 12/ 07/ 23 52,107.87 12/ 22/ 2023 EnergyDevelopment & Construction Corporation October RECspurchases 31,284.00 12/ 22/ 2023 METHODTECHNOLOGIES (INC) Support Options - Laptop setup {po: 1017} 600.00 12/ 22/ 2023 Portland General Electric Co June2022 PCC1RECSale 387,598.75 12/ 22/ 2023 Portland General Electric Co July 2022 PCC1RECSale 737,161.25 12/ 22/ 2023 Portland General Electric Co PCC1RECSale 2,250,000.00 12/ 22/ 2023 TheEnergyAuthority Inc. (CAISOand ENERGY) CAISOperiod 12/ 01/ 23 - 12/ 07/ 23 and 8/31/ 23-9/07/ 23 369,257.08 12/ 23/ 2023 Igoe (Med-iBank) Medical and/ or Dependent Care FSAMonthly Participation Fee 100.00 12/ 26/ 2023 Calpine EnergyServicesL.P. November capacity 4,750.00 12/ 26/ 2023 Constellation EnergyGeneration, LLC October energy purchases 4,657,287.00 12/ 26/ 2023 Morgan Stanley Capital Group November EnergyPurchases 1,974,742.50 12/ 26/ 2023 Morgan Stanley Capital Group August Recs 545,347.70 12/ 26/ 2023 ShellEnergyNorth America October EnergyPurchases 4,757,443.20 12/ 26/ 2023 ShellEnergyNorth America October Capacity Purchases 504,500.00 12/ 26/ 2023 SunrisePower Company LLC November capacity purchase 1,906,250.00 12/ 26/ 2023 Transalta EnergyMarketing Us Inc. October EnergyPurchases 1,233,048.15 SUBTOTAL 109,646,940.49
10/ 4/ 2023 September 16 - 30 -Salaries, Wages, Fringe Benefits 39,698.95 10/ 4/ 2023 September 16 - 30 -PaychexService Fee 164.10 10/ 4/ 2023 September 16 - 30 - Payroll Taxes 12,137.11 10/ 19/ 2023 October 1 - 15 -PaychexService Fee 308.90
10/ 19/ 2023 October 1 - 15 - Payroll Taxes 11,406.61
10/ 19/ 2023 October 1 - 15 -Salaries, Wages, Fringe Benefits 39,547.30 11/ 3/ 2023 October 16 - 31 -Salaries, Wages, Fringe Benefits 39,065.83 11/ 3/ 2023 October 16 - 31 - Payroll Taxes 11,401.28
11/ 3/ 2023 October 16 - 31 -PaychexServiceFee 224.10
11/ 14/ 2023 AnalysisService Charge 6,831.51
11/ 17/ 2023 November 1 - 15 -Salaries, Wages, Fringe Benefits 53,362.84 11/ 17/ 2023 November 1 - 15 -PaychexService Fee 325.70 11/ 17/ 2023 November 1 - 15 - Payroll Taxes 16,414.76 12/ 4/ 2023 November 16 - 30 - Payroll Taxes 15,117.15 12/ 4/ 2023 November 16 - 30 -Salaries, Wages, Fringe Benefits 49,323.61 12/ 4/ 2023 November 16 - 30 -PaychexServiceFee 176.70
12/ 20/ 2023 December 1 - 15 -PaychexService Fee 398.10 12/ 20/ 2023 December 1 - 15 - Payroll Taxes 18,396.39 12/ 20/ 2023 December 1 - 15 -Salaries, Wages, Fringe Benefits 61,853.60 SUBTOTAL 376,154.54
55695.00001\33485367.1
1 ORANGE COUNTY POWER AUTHORITY
JOINT POWERS AGREEMENT
This Joint PowersAgreement (“Agreement”), effective asof the datespecified in Section
1.2, below, which is November 20, 2020 (“Effective Date”) is made and enteredinto pursuant to the Joint Exercise of PowersAct (California Government Code § 6500 et seq.) relating to the joint exerciseof powersamongthe partiessetforth in Exhibit A. All partiesthat executethis Agreement prior to December31, 2020 shall bedesignatedindividually as “Founding Party” andcollectively as “Founding Parties”. All cities, counties, or other public agencies added as parties to this agreementafter December 31, 2020 shall be designatedindividually as “Additional Party” and collectively “Additional Parties”. The term “Party” refers individually to any Founding Party or Additional Party, and the term “ Parties” refers collectively to the Founding Parties and the Additional Parties.
RECITALS
A. In 2002, Assembly Bill 117 (Stat. 2002, Ch. 838, codified at Public Utilities Code Sections218.3, 366, 394, 394.25, 331.1 366.2, and 381.1) was signedinto law allowing customers to aggregate their electrical loads as members of their local community with public agencies designatedas community choice aggregators, and allowing such public agenciesto aggregatethe electrical load of interested consumers within their jurisdictional boundaries and purchase electricity on behalf of thoseconsumers.
B. In 2006, Assembly Bill 32 (Stat. 2006, Ch. 488, codified at Health and Safety Code Sections 38500 et seq.), known as the Global Warming Solutions Act, was signed into law, mandating a reduction in greenhousegasemissionsto 1990 levels by 2020.
C. In 2015, SenateBill 350 (Stat. 2015, Ch. 547, codified at Health and Safety Code Section 44258.5; Labor Code Section 1720; Public ResourcesCode Sections 25302.2, 25310, 25327 and 25943; and Public Utilities Code Sections 237.5, 337, 352, 359, 365.2, 366.3, 399.4, 399.11, 399.12, 399.13, 399.15, 399.16, 399.18, 399.21, 399.30, 454.51, 454.52, 454.55, 454.56, 701.1, 740.8, 740.12, 9505, 9620, 9621, 9622, and Article 17 (commencing with Public Utilities Code Section 400)) was signed into law, mandating a reduction in greenhousegasemissionsto 40 percentbelow 1990 levels by 2030 and to 80 percent below 1990 levels by 2050.
D. In 2018, Senate Bill 10 ( Stat.f 2018, Ch. 312, codified at Public Utilities Code sections 399.11, 399.15, 399.30, and 454.53) was signed into law, directing that the Renewables Portfolio Standardto be increasedto 60 percent renewablesby 2030 and establishing a policy for eligible renewableenergy resourcesand zero-carbon resourcesto supply 100 percentof electricity retail salesto California end-usecustomersby 2045.
E. The Parties each hold various powers under California law, including, but not limited to, the power to purchase, supply, and aggregateelectricity for themselvesand customers within their jurisdictions in accordancewith Public Utilities Code Sections 333.1 and 366.2; they aretherefore properly empoweredto enter into this Agreement under the Joint Exercise of Powers Act ( Government Code Section 6500 et seq., the “Act”). 55695.00001\33485367.1
2 F. The purposes for entering into this Agreement are more fully specified in subsection 1.4 below, but principally consist of the study, promotion, development, funding, financing, purchasing, conduct, operation, and management of energy, energy efficiency and conservation, and other energy-related and community choice aggregation programs (the “CCA Program”), through which the following objectives may be advanced: (a) reducing greenhouse gas emissions related to the use of power throughout the Parties’ jurisdictions and neighboring regions; (b) providing electric power and other forms of energyto customersat a competitive cost; c) carrying out programs for ratepayersof all income levels to reduce energy consumption; (d) stimulating and sustaining the local economy by developing local jobs in renewable and conventional energy; and ( e) promoting long-term electric rate stability, energy security and reliability for residentsthrough local control of electric generation resources.
G. The Founding Parties desire to establish a separatepublic agency, known as the Orange County Power Authority (“ Authority”), under the Act and consistent with Assembly Bill 117, in order to collectively implement the CCA Program, and to exerciseany powers common to the Authority’s membersto further thesepurposes.
H. The Parties have eachadopted an ordinance electing to participate as a group in a community choice aggregationprogram through the Authority, asauthorized by California Public Utilities Code § 366.2(a)(12)(B).
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises, covenants, and conditions hereinafter set forth, it is agreedby and among the Partiesasfollows:
SECTION 1. FORMATION OF AUTHORITY
1.1 Creation of Agency. Pursuant to the Act there is hereby createda public entity to be known as The Orange County Power Authority. Pursuant to Section 6507 of the Act, the Authority is a public agency separatefrom the Parties. The jurisdiction of the Authority shall be all territory within the geographic boundaries of the Parties; however, the Authority may, as authorized under applicable law, undertake any action outside such geographic boundaries as is necessaryto accomplish its purpose.
1.2 Effective Date andTerm. This Agreement shall becomeeffective andthe Authority shall exist as a separatepublic agency on the date this Agreement is executed by at least two Parties. The Authority shall continue to exist, and this Agreement shall be effective, until this Agreement is terminated in accordancewith this Agreement, subject to the rights of a Party to withdraw from the Authority.
1.3 Parties. The names, particular capacities, and addressesof the Parties are shown on Exhibit A, asit may be amendedfrom time to time.
1.4 Purpose. The purpose of this Agreement is to establish an independent public agencyin order to exercisepowers common to eachParty to implement the CCA Program, and to 55695.00001\33485367.1
3 exerciseall other powers necessaryand incidental to accomplishing this purpose. This Agreement authorizes the Authority to provide opportunities by which the Parties can work cooperatively to createeconomiesof scaleandimplement sustainableenergyinitiatives that reduceenergydemand, increase energy efficiency, provide consumer choice and cost savings, and advance the use of clean, efficient, and renewable resourcesin the region for the benefit of all the Parties and their constituents, including, but not limited to, establishing andoperating a CCA Program (collectively, the “Purpose”). The Parties intend for this Agreement to be usedas a contractual mechanism by which they areauthorized to participate in the CCA Program and achievethe Purpose. The Parties intend that other agreements shall define the terms and conditions associated with the implementation of the CCA Program and any energy programs approved by the Authority.
SECTION 2. POWERS OF AUTHORITY
2.1 Powers. The Authority shall have all powers common to the Parties and such additional powers accordedto it by law. The Authority is authorized, in its own name, to exercise all powers and do all acts necessaryand proper to carry out the provisions of this Agreement and fulfill its Purpose, including, but not limited to, eachof the following powers:
2.1.1 Serve as a forum for the consideration, study, and recommendation of energy servicesfor the CCA Program;
2.1.2 To make and enter into any and all contracts to effectuate the purpose of this Agreement, including, but not limited to, those relating to the purchase or sale of electrical energy or attributes thereof, and related service agreements;
2.1.3 To employ agentsand employees, including, but not limited to, engineers, attorneys, planners, financial consultants, and separateand apart therefrom to employ such other persons, asit deemsnecessary;
2.1.4 To acquire, contract, manage, maintain, and operate any buildings, works, or improvements, including, but not limited to, electric generation resources;
2.1.5 To acquire property by eminent domain, or otherwise, except as limited by Section 6508 of the Act, and to hold or disposeof property;
2.1.6 To leaseor license any property;
2.1.7 To sueand be suedin its own name;
2.1.8 To incur debts, liabilities, and obligations, including, but not limited to, loans from private lending sources pursuant to its temporary borrowing powers, such as California Government Code § 53850 et seq. and authority under the Act;
2.1.9 To form subsidiary or independent corporations or entities, if appropriate, to carry out energy supply and energy conservation programs, or to take advantage of legislative or regulatory changes;
55695.00001\33485367.1
4 2.1.10 To issue revenue bonds and other forms of indebtedness;
2.1.11 To apply for, accept, and receive all licenses, permits, grants, loans, or other assistancefrom any federal, state, or local agency;
2.1.12 To submit documentation and notices, register, and comply with orders, tariffs, and agreementsfor the establishmentand implementation of the CCA Program and other energy and climate changeprograms;
2.1.13 To adopt rules, regulations, policies, bylaws, and proceduresgoverning the operation of the Authority;
2.1.14 To receive loans, gifts, contributions, and donations of property, funds, services, and other forms of financial assistancefrom persons, firms, corporations, and any governmental entity;
2.1.15 To make and enter into service agreements relating to the provision of servicesnecessaryto plan, implement, operateand administer the CCA Program and other energy programs, including the acquisition of electric power supply and the provision of retail and regulatory support services;
2.1.16 To receive revenues from sale of electricity and other energy-related programs;
2.1.17 To partner or otherwise work cooperatively with other CCAs on the acquisition of electric resources, joint programs, advocacyand other efforts in the interests of the Authority; and
2.1.18 To the extent not specifically provided in this Agreement, to exercise any powers authorized by the member agenciesto achieve the Authority’s objectives and such further powers not specifically mentioned herein, but common to Parties, and authorized by the California Government Code.
2.2 Additional Powers to be Exercised. In addition to those powers common to each of the Parties, the Authority shall have those powers that may be conferred upon it by law and by subsequentlyenactedlegislation.
2.3 Manner of Exercising Powers. The powers specified in subsections2.1 and 2.2 shall be exercised by the Board (as defined in subsection3.1, below), unless otherwise delegated to a committee of the Board or the Chief Executive Officer of the Authority in accordancewith a Board adoptedpolicy or action. All such powers shall be exercisedin the manner set forth in this Agreement.
2.4 Limitation on Exercise of Powers: The powers of the Authority are subject to the restrictions upon the manner of exercising power possessedby the City of Irvine, California and 55695.00001\33485367.1
5 any other restrictions on exercising the powers of the Authority that may be adopted by the Authority’ s Board of Directors.
SECTION 3: GOVERNANCE
3.1 General Governance; Board of Directors. The governing body of the Authority shall be a Board of Directors (“Board”) consisting of one director for each Party appointed in accordancewith subsection3.2, except the City of Irvine whose governing body shall appoint two directors (the “Irvine Directors”). Notwithstanding the foregoing, the governing body of the City of Irvine shall appoint one director upon the full satisfaction and repayment of the Capital Loan, as defined in subsection5.5.
3.2 Appointment of Directors. The governing body of each Party shall appoint and designatein writing the Director( s) who shall be authorized to act for and on behalf of the Party on matterswithin thepowersof the Authority. The governing body of eachParty shall alsoappoint anddesignatein writing analternateDirector( s) who may vote in matterswhen the regular Director is absentfrom a Board meeting. The governing bodies of the Founding Parties may, in their sole discretion, elect to appoint their respective Director( s) prior to the Effective Date, in which case such appointment(s) to the Board shall take effect on the Effective Date. The personsappointed and designated as the regular Director and the alternate Director shall be a member of the governing body of the Party when appointed.
3.3 Terms of Office. Each regular and alternate Director shall serve a term of four years. If at any time a vacancy occurs on the Board, a replacement shall be appointed by the governing body to fill the position of the previous Director within ninety (90) daysof the datethat such position becomesvacant. ReplacementDirectors shall serve until the scheduledexpiration of the four year term of the Board member that they replace.
3.4 Quorum. A majority of the Directors of the entire Board shall constitute, and is necessaryto constitute, a quorum, exceptthat lessthan a quorum may adjourn a meeting from time to time in accordancewith law.
3.5 Powers of the Board of Directors. The Board may exercise all the powers enumerated in this Agreement and shall conduct all business and activities of the Authority consistent with this Agreement and any bylaws, operating procedures, and applicable law.
3.6 Executive Committee. The Board shall establish an executive committee consisting of a smaller number of Directors upon the Authority’s membership consisting of nine or more members. The initial members of the executive committee shall be the Directors of the Founding Members with the chair of the Board serving aschair of the Executive Committee.
3.7 Committees. The Board may establishcommittees asthe Board deemsappropriate to assistthe Board in carrying out its functions and implementing the purposesof this Agreement.
In accordancewith subsection 2.3, the Board may delegateto any committees that consist solely of Board membersany of the powers specified in subsection2.1, except for the power to acquire property by eminent domain specified in subsection2.1.5. Committees that include or consist of non-Board membersshall be advisory only.
55695.00001\33485367.1
6 3.8 Director Compensation. The Board shall adopt policies establishing compensation attendanceat Board and Committee meetings and work performed by each Director on behalf of the Authority as well as policies for the reimbursement of expensesincurred by each Director; provided that in no instance shall the per meeting or per day compensation be less than the compensationprovided to directors of the Orange County Sanitation District.
3.9 Voting by the Board of Directors.
3.9.1 Equal Vote. Each Director or participating alternate shall have one vote.
Except as provided for in Sections 3.9.2, 3.9.3 and 3.9.4, action of the Board on all matters shall require an affirmative vote of a majority of all Directors who are present at the subject meeting Equal Vote”).
3.9.2 Voting SharesVote. Immediately after (and during the sameBoard Meeting as) an affirmative or tie Equal Vote, two or more Directors shall have the right to request and conduct a Voting SharesVote ( defined below) to reconsider that action approved by the Equal Vote. In the event of a Voting SharesVote where the City of Irvine appoints two Directors to the Board and one or more Irvine Directors requestsa Voting SharesVote, a Party other than the City of Irvine must constitute the second Director for purposes of having the right to request and conduct a Voting SharesVote. A “yes” vote on the Voting SharesVote shall be a vote to reverse and reject the Equal Vote; a “no” vote on the Voting SharesVote shall be a vote to affirm the Equal Vote. For Voting SharesVotes, votes shall be weighted asdescribedin subsection3.9.3. A yes” vote on a Voting SharesVote shall require (i) for votes requiring a majority under subsection
3.9.1, more than fifty percent (50%) of the voting shares of all Directors voting; ( ii) for votes requiring a supermajority of two-thirds under this Agreement, sixty- sevenpercent (67%) or more of the voting sharesof all Directors voting; and (iii) for votes requiring a supermajority of three quarters under this Agreement more than seventy-five percent (75%) of the voting sharesof all Directors voting. All votes taken pursuantto this subsection3.9.2 shall be referred to asa “Voting Shares Vote.” If a Voting SharesVote yields a “no” vote, the legal effect is to affirm the Equal Vote with respectto which the Voting SharesVote was taken. If the Voting SharesVote succeeds, the legal effect is to nullify the Equal Vote with respect to which the Voting SharesVote was taken. If the underlying Equal Vote was a tie, the Voting SharesVote replacesthat tie vote. No action may be taken solely by a Voting SharesVote without first having taken an Equal Vote.
3.9.3 Voting SharesFormula. When a Voting SharesVote is requestedby two or more Directors, voting sharesof eachDirector shall be determined by the following formula:
Annual Energy Use/Total Annual Energy) x 100
For purposesof this formula (a) “Annual Energy Use” means (i) for the first two yearsfollowing the Effective Date, the annual electricity usage, expressedin kilowatt hours (“kWh”), within the jurisdiction of the Party appointing the Director( s) and (ii) following the secondanniversary of the Effective Date, the annual electricity usage, expressedin kWh, of accountswithin the jurisdiction of the Party appointing the Director( s) that are served by the Authority, and (b) “Total Annual Energy” meansthe sum of all Parties’ Annual Energy Use. The initial values for Annual Energy 55695.00001\33485367.1
7 use are designated in Exhibit B and the initial voting sharesare designated in Exhibit C. Both Exhibit B and Exhibit C shall be adjusted annually as soon as reasonably practicable after January 1 of eachyear, but no later than March 1 of eachyear, subject to the approval of the Board. Voting sharesattributable to Irvine shall be divided equally betweenthe Irvine Directors.
3.9.4 Special Voting.
3.9.4.1 Two-Thirds Supermajority Votes. An affirmative vote of two-thirds of the Directors of the entire Board shall berequired to take any action on the following ( i) issuing or repayment of bonds loans or other forms of debt; (ii) adding or removing Parties on or after January 1, 2021; ( iii) amending or terminating this Agreement or adopting or amending the bylaws of the Authority; and ( iv) terminating the CCA Program.
3.9.4.2 Three-Fourths Supermajority Votes. An affirmative vote of three-fourths of the Directors of the Board shall be required to initiate any action for eminent domain and no eminent domain action shall be approved within the jurisdiction of a Party without the affirmative vote of suchParty’s Director (or both Irvine Directors, if applicable, in the case of eminent domain action within the City of Irvine).
3.9.4.3 Advance Notice of Special Voting. At leastthirty ( 30) daysadvancewritten notice to the Partiesshall be provided for all special voting items under subsection3.9.4.1 and/or subsection 3.9.4.2. Such notice shall include a copy of all substantive documents necessaryto meaningfully deliberate and consider the proposed vote (e.g., any proposed amendment to this Agreement or the bylaws of the Authority). The Authority shall also provide prompt written notice to all Parties of the action taken, which shall include any resolution, ordinance, rule, policy, agreement, filing or other operative document (if any) adoptedor approved by the Board.
3.10 Officers.
3.10.1 Chair and Vice Chair. The Directors shall selectfrom among themselvesa Chair and a Vice- Chair. The Chair shall be the presiding officer of all Board meetings.
The Vice- Chair shall servein the absenceof the Chair. The term of office of the Chair and Vice- Chair shall continue until the expiration of the office of the Directors serving in such positions. There shall be no limit on the number of terms held by the Chair and the Vice- Chair. The office of either the Chair or Vice- Chair shall be declared vacant and a new selection shall be made if: ( i) the person serving dies, resigns, or becomeslegally unable to fulfill his or her duties, or (b) the Party that appointed the Chair or Vice- Chair withdraws from the Authority pursuant to the provisions of this Agreement.
3.10.2 Secretary. The Secretaryshall be responsiblefor keeping the minutes of all meetings of the Board and all other official records of the Authority.
3.10.3 Treasurer/Auditor. In accordance with California Government Code § 6505.5, the Board shall appoint a qualified person to act as the Treasurer and a qualified personto act asthe Auditor, neither of whom needbemembersof the Board. The Treasurer 55695.00001\33485367.1
8 and the Auditor shall possessthe powers of, and shall perform those functions required of them by California Government Code §§ 6505, 6505. 5, and 6505. 6, and by all other applicable laws and regulations and amendmentsthereto.
3.11 Meetings. The Board shall provide for its regular meetings, the date, hour, and place of which shall be fixed by resolution of the Board. Regular, adjourned, and specialmeetings shall be called and conducted in accordancewith the provisions of the Ralph M. Brown Act, California Government Code § 54950 et seq.
3.12 Chief Executive Officer. The Board shall appoint a Chief Executive Officer. The Chief Executive Officer shall be the chief administrative officer of the Authority, and shall be Secretary of the Board. The powers and duties of the Chief Executive Officer shall be those delegatedand/or assignedto the Chief Executive Officer by duly adoptedaction of the Board.
3.13 Additional Officers and Employees. The Board shall have the power to authorize such additional officers and assistantsas may be necessaryand appropriate, including retaining one or more administrative service providers for planning, implementing, and administering the CCA Program. Such officers and employees may also be, but are not required to be, officers and employeesof the Parties.
3.14 Bonding Requirement. The officers or personswho havechargeof, handle, or have accessto any property of the Authority shall be the members of the Board, the Treasurer, the Executive Director, and any suchofficers or personsto be designatedor empoweredby the Board.
Each such officer or person shall be required to file an official bond with the Authority in an amount which shall be establishedby the Board. Should the existing bond or bonds of any such officer be extendedto cover the obligations provided herein, said bond shall be the official bond required herein. The premiums on any suchbond attributable to the coveragerequired herein shall be the appropriate expensesof the Authority.
3.15 Audit. The records and accountsof the Authority shall be audited annually by an independent certified public accountant with the final audit completed within six months of the fiscal year end,and copies of such audit report shall be filed with the State Controller, and each Party no later than fifteen ( 15) days after receipt of said audit by the Board.
3.16 Privileges and Immunities from Liability. All of the privileges and immunities from liability, exemption from laws, ordinancesand rules, all pension, relief, disability, workers’ compensation, and other benefits which apply to the activities of officers, agents, or employeesof a public agency when performing their respective functions shall apply to the officers, agents, or employees of the Authority to the same degreeand extent while engagedin the performance of any of the functions and other duties of such officers, agents, or employeesunder this Agreement.
None of the officers, agents, or employees directly employed by the Authority shall be deemed, by reasonof such employment to be employed by the Parties (or any of them). 55695.00001\33485367.1
9 SECTION 4: ADDITIONAL PARTIES AND IMPLEMENTATION OF CCA PROGRAM
4.1 Additional Parties. An incorporated city or county, or other public agency as authorized by California Public Utilities Code § 331.1, may become a member of the Authority and a Party to this Agreement upon satisfaction of the following:
4.1.1 Adoption of a resolution by the governing body of the proposedadditional party approving the Agreement, and requesting participation and an intent to join the Authority;
4.1.2 Adoption by the Board of a resolution authorizing participation of the proposed additional party;
4.1.3 Satisfaction of any additional conditions as established by the Board or applicable laws or regulations; and
4.1.4 Execution of the Agreement by the proposedadditional party.
4.2 Continuing Participation. The Parties acknowledge that participation in the CCA Program may changeby the addition or withdrawal or termination of a Party. The Parties agree to participate in good faith with additional membersasmay later be added. The Partiesalso agree that the withdrawal or termination of a Party shall not affect the enforceability of this Agreement asto the remaining Parties, or the remaining Parties’ continuing obligations under this Agreement.
4.3 Implementation of CCA Program. The Authority shall cause to be prepared an implementation plan meeting the requirements of California Public Utilities Code § 366.2 Implementation Plan”) and any applicable regulations of the California Public Utilities Commission (“CPUC”). The Board shall approve the Implementation Plan prior to it being filed with the CPUC. The Authority, acting by and through the Board, shall take all such stepsas are necessaryand appropriate to implement the Implementation Plan and the CCA Program in a manner consistent with this Agreement.
4.4 Power Supply. The Board will establish power supply options for the Authority.
The Authority’s power supply options will include, but not be limited to, renewableand GHG-free baseproduct that is equivalent to the minimum required by law. Each Party may selectits power supply baseproduct for the ratepayersin its jurisdiction. Each Party shall also have the flexibility to achieveits climate goals without impeding any other Party from doing the same.
4.4 Authority Documents. The Parties acknowledge and agree that the operations of the Authority will beimplemented through various program documentsand regulatory filings duly adopted by the Board, including, but not limited to, bylaws, an annual budget, and plans and policies related to the CCA Program. The Partiesagreeto abide by and comply with the terms and conditions of all such Authority documentsthat may be approved or adoptedby the Board.
4.5 Termination of CCA Program. Nothing contained in this Agreement shall be construed to limit the discretion of the Authority to terminate the implementation or operation of 55695.00001\33485367.1
10 the CCA Program at any time, so long as such termination is in accordancewith any applicable requirements of state law and the voting procedures specified in subsection 3.9.4.1, above.
SECTION 5: FINANCIAL PROVISIONS
5.1 Fiscal Year. The Authority’s fiscal year shall be twelve (12) months commencing July 1 of eachyear and ending June30 of the succeedingyear.
5.2 Treasurer. The Treasurerfor theAuthority shall bethedepository for theAuthority.
The Treasurer of the Authority shall have custody of all funds and shall provide for strict accountability thereof in accordance with California Government Code § 6505.5 and other applicable laws. The Treasurer shall perform all of the duties required in California Government Code § 6505 et seq. and all other such duties asmay be prescribedby the Board.
5.3 Depository & Accounting. All funds of the Authority shall be held in separate accountsin the nameof the Authority and not commingled with the funds of any Party or any other personor entity. Disbursementof suchfunds during the term of this Agreement shall be accounted for in accordance with generally accepted accounting principles applicable to governmental entities and pursuant to California Government Code § 6505 et seq. and other applicable laws.
There shall be a strict accountability of all funds. All revenuesand expendituresshall be reported regularly to the Board. The books and records of the Authority shall be promptly open to inspection by the Partiesat all reasonabletimes.
5.4 Budget. The Board shall establishthe budget for the Authority, and may from time to time amend the budget to incorporate additional income and disbursementsthat might become available to the Authority for its purposesduring a fiscal year.
5.5 City of Irvine Initial Funding of Authority. The Authority shall, concurrent with the execution of this Agreement, enter into an agreement that covers repayment to the City of Irvine of (i) funding andcollateral provided by the City of Irvine to the Authority to facilitate start- up and launch costs for the Authority and the CCA Program, and (ii) costs incurred by the City including staff, consultant, and legal expenses, and associated allocated overhead and administrative expenses) in connection with the study and analysis of the CCA, the formation of the Authority, and the creation of the Implementation Plan (the “Capital Loan Agreement” or the “Capital Loan”). The Capital Loan shall be repaid from customer charges for electrical services to the extent permitted by law when the CCA Program becomesoperational. The form of the Capital Loan Agreement is attachedhereto asExhibit D. The Authority shall enter into the Capital Loan Agreement so long asits final form is substantially consistentwith the form attached as Exhibit D.
5.6 No Requirement for Contributions or Payments. Except as otherwise specified herein, the Parties are not required under this Agreement to make any financial contributions or paymentsto the Authority, and the Authority shall have no right to require such a contribution or payment.
5.6.1 Notwithstanding subsection5.6, the Board may adopt a membership fee to be paid by Additional Parties upon entering into the Agreement, which 55695.00001\33485367.1
11 membership fee shall be established (if at all) by the Board and may cover a reasonable estimate of the transactional and other costs incurred by the Authority in processing the addition of the Additional Party to the Authority.
5.6.2 Notwithstanding subsection 5.6, the Authority and a Party may mutually and voluntarily enter into an agreement to provide the following: ( i) contributions of public funds for the purposes set forth in this Agreement; (ii) advancesof public funds for the purposesset forth in this Agreement, such advances to be repaid as provided by such written agreement; or (iii) its personnel, equipment or property.
5.6.3 For the avoidance of doubt, nothing in this Agreement requires, nor shall the Authority for any reasonever require, that any Party adoptany local tax, assessment, fee or chargefor the benefit of the Authority.
5.7 Obligations of the Authority. Unless otherwise agreed by the Parties, the debts, liabilities, and obligations of the agency shall not be the debts, liabilities, and obligations, either jointly or severally, of the members of the agency. A Party may, in its sole discretion, agreeto assumeone or more of the debts, liabilities, and obligations of the Authority if, and only if, such Party, with the approval of its governing body, agrees in writing to assume any such debts, liabilities, or obligation of the Authority.
SECTION 6: WITHDRAWAL AND TERMINATION
6.1 Right to Withdraw.
6.1.1 Right to Withdraw Prior to March 1, 2021. Except for the City of Irvine, a Party may withdraw from the Authority for any reasonand without liability or cost prior to March 1, 2021 upon providing the Authority fifteen (15) days advancewritten notice.
6.1.2 Right to Withdraw After March 1, 2021. Except for the withdrawal provided for in Section 6.1.1, a Party may withdraw its membership in the Authority, effective as of the beginning of the Authority’s fiscal year, by giving no less than one hundred eighty ( 180) days advancewritten notice of its election to do so, which notice shall be given to the Authority and each Party. Withdrawal of a Party shall require an affirmative vote of the Party’s governing board. A Party that withdraws from the Authority pursuant to this subsection may be subject to certain continuing liabilities as described in this Agreement. The withdrawing Party and the Authority shall execute and deliver all further instruments and documents, and take any further actions asmay be reasonablynecessaryto effectuate the orderly withdrawal of such Party.
6.2 Involuntary Termination. This Agreement may be terminated with respect to a Party for material non-compliance with provisions of this Agreement upon a two-thirds vote of the entire Board (excluding the vote of the Party subject to possible termination) taken in accordance with subsection 3.9.4.1. Prior to any vote to terminate this Agreement with respect to a Party, written notice of the proposedtermination and the reason(s) for suchtermination shall be delivered 55695.00001\33485367.1
12 to the Party whose termination is proposed at least thirty ( 30) days prior to the regular Board meeting at which such matter shall first be discussed as an agenda item. The written notice of proposed termination shall specify the particular provisions of this Agreement that the Party has allegedly violated with supporting documentation. The Party subject to possible termination shall have the opportunity at the next regular Board meeting following the expiration of the thirty- day 30) day notice period to respond to any reasonsand allegations that may be cited as a basis for termination. The Party’s responseshall be evaluatedat a public meeting prior to a vote regarding termination. A Party that has had its membership in the Authority terminated may be subject to certain continuing liabilities, as described in subsection 6.3. If the Board votes to terminate a Party’s membership in the Authority, the effective date of the termination shall be scheduledby the Board, in its reasonablediscretion, to ensureadequatetime for the transition of the terminated Party’s CCA Program customers to another electricity provider. The Parties expressly intend, agree and acknowledge that a Board action to terminate a Party’s membership in the Authority shall be upheld so long as it is not arbitrary and capricious, and is supported by substantial evidence.
6.3 Continuing Liability; Refund. Upon a withdrawal of a Party under subsection6.1.2 or involuntary termination of a Party under subsection 6.2, the Party shall be responsible for any claims, demands, damages, or liabilities attributable to the Party through the effective date of its withdrawal or involuntary termination. Such Party also shall be responsibleliable to the Authority for ( a) any damages, losses, or costs incurred by the Authority which result directly from the Party’s withdrawal or termination, including, but not limited to, costs arising from the resale of capacity, electricity, or any attribute thereof no longer needed to serve such Party’s load, and removal of customersfrom the CCA Program resulting from the withdrawal or termination of the Party; and (b) any costsor obligations associatedwith the Party’s participation in any program in accordancewith the program’s terms, provided suchcostsor obligations were incurred prior to the withdrawal of the Party. Except asotherwise specified, suchParty shall not be responsiblefor any claims, demands, damages, or liabilities commencing or arising after the effective date of the Party’s withdrawal or involuntary termination. From and after the date a Party provides notice of its withdrawal or is terminated, the Authority shall reasonablyand in good faith seekto mitigate any costs and obligations to be incurred by the withdrawing or terminated Party under this subsection through measuresreasonableunder the circumstances; provided, however, that this obligation to mitigate does not impose any obligation on the Authority to transfer any cost or obligation directly attributable to the membership and withdrawal or termination of the withdrawing or terminated Party to the ratepayersof the remaining Parties. Further the liability of the withdrawing or terminated Party shall be based on actual costs or damagesincurred by the Authority and shall not include any penalties or punitive chargesimposed by the Authority. The Authority may withhold funds otherwise owing to the Party or may require the Party to deposit sufficient funds with the Authority, asreasonablydeterminedby the Authority, to cover the Party’s liability for the costs described above. The withdrawing or terminated Party agreesto pay any suchdeposit determinedby the Authority in consultation with athird party audit firm. Any amount of the withdrawing or terminated Party’sfunds held on depositwith the Authority abovethat which is required to pay any liabilities or obligations shall bereturnedto that Party. In the implementation of this subsection6.3, the Parties intend, to the maximum extent possible, without compromising the viability of ongoing Authority operations, that any claims, demands, damages, or liabilities covered hereunder, be funded from the rates paid by CCA Program customerslocated within the 55695.00001\33485367.1
13 service territory of the withdrawing Party, and not from the generalfund of the withdrawing Party itself. The liability of a withdrawing Party under this subsection shall be only to the Authority and not to any other Party.
6.4 Termination of Agreement. This Agreement may be terminated by vote of the Board in accordancewith subsection 3.9.4.1, or by mutual agreementof all the Parties approved by majority votes of their respective governing bodies. provided, however, that this subsection shall not be construedas limiting the rights of a Party to withdraw in accordancewith Section 6.
6.5 Disposition of Authority Assets Upon Termination of Agreement. Upon termination of this Agreement, any surplus money or assetsin possessionof the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred by the Authority, shall be returned to the then-existing Partiesin proportion to the contributions madeby each.
SECTION 7: MISCELLANEOUS PROVISIONS
7.1 Dispute Resolution. The Parties and Authority shall make efforts to settle all disputes arising out of or in connection with this Agreement. Before exercising any remedy provided by law, a Party or Partiesand the Authority shall engagein nonbinding mediation in the manneragreedto by the Party or Partiesand the Authority. In the event that nonbinding mediation does not resolve a dispute within one hundred twenty (120) days after the demand for mediation is made, any Party or the Authority may pursueany all remediesprovided by law.
7.2 Liability of Directors, Officers, and Employees. The Directors, officers, and employeesof the Authority shall useordinary careand reasonablediligence in the exerciseof their powers and in the performance of their duties pursuant to this Agreement. No current or former Director, officer, or employee will be responsible for any act or omission by another Director, officer, or employee. The Authority shall defend, indemnify, and hold harmless the individual current and former Directors, officers, and employees for any acts or omissions in the scope of their employment or duties in the manner provided by California Government Code § 995 et seq.
Nothing in this subsection shall be construed to limit the defensesavailable under the law to the Parties, the Authority, or its Directors, officers, or employees.
7.3 Indemnification. The Authority shall acquire suchinsurancecoverageasthe Board deems necessary to protect the interests of the Authority, the Parties, and the Authority’s ratepayers. The Authority shall indemnify, defend, and hold harmlessthe Partiesand eachof their respective board membersor council members, officers, agents, and employees, from any and all claims, losses, damages, costs, injuries, and liabilities of every kind to the extent arising directly or indirectly from the conduct, activities, operations, acts, and omissions of the Authority under this Agreement.
7.4 Assignment. The rights and duties of a Party may not be assigned or delegated without the advancewritten consent of all other Parties. Any attempt to assign or delegatesuch rights or duties without expresswritten consent of all other Parties shall be null and void. This Agreement shall inure to the benefit of, and shall be binding upon, the successorsand assignsof the Parties. This subsectiondoesnot prohibit a Party from entering into an independentagreement 55695.00001\33485367.1
14 with another entity regarding the financing of that Party’s contributions to the Authority ( if any), or the disposition of proceeds which that Party receives under this Agreement, so long as such independentagreementdoesnot affect, or purport to affect, the rights and duties of the Authority or the Partiesunder this Agreement.
7.5 Severability. If any part of this Agreement is held, determined, or adjudicated to be illegal, void, or unenforceable by a court of competent jurisdiction, the remainder of this Agreement shall be given effect to the fullest extent reasonablypossible.
7.6 Further Assurances. Each Party agrees to execute and deliver all further instruments and documents, and take any further action that may be reasonably necessary to effectuate the purposes of this Agreement.
7.7 Counterparts. This Agreement may be executedin two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute but one and the sameinstrument.
7.8 Notices. Any notice authorized or required to be given pursuantto this Agreement shall be validly given if served in writing either personally, by deposit in the United Statesmail, first class postageprepaid with return receipt requested, or by a recognized courier service to the addressesspecified on Exhibit A. Notices given ( a) personally or by courier service shall be conclusively deemed received at the time of delivery and receipt and ( b) by mail shall be conclusively deemedgiven 48 hours after the deposit thereof (excluding Saturdays, Sundaysand holidays) if the senderreceives the return receipt. All notices shall be addressedto the office of the clerk or secretaryof the Authority or Party, asthe casemay be, or suchother persondesignated in writing by the Authority or Party. Notices given to one Party shall be copied to all other Parties.
Notices given to the Authority shall be copied to all Parties.
Signature to Follow on Next Page]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as evidenced by the signatures below
MEMBER AGENCY:
CITY OF IRVINE
By: Itto, riamlut kartistuv4i..
Name: Marianna Marysheva
Title: Interim City Manager
11/ 20/ 2020
Dated: , 2020
Approved as to Form:
may Attaikl
City Attorney
Approved as to Form:
baron.
Special Counsel
CITY OF FULLERTON
By:
Name:
Title:
Dated: , 2020
Approved as to Form:
City Attorney
CITY OT. B41 NA PARK
By:
ame: Aaron France
Title: Interim City Manager
Dated: December 15, 2020
Approved as to Form:
City Attorney
15 ATTEST:
ADRIA M. JIMENEZ, M
CITY CLERK
U 11
55695. 0000103485367. 1
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as evidenced by the signatures below
MEMBER AGENCY:
CITY OF IRVINE
By:
Name:
Title:
Dated: , 2020
Approved as to Form:
City Attorney
Approved as to Form:
Special Counsel
Name: ke. In e,1-1.1 Omer
Title: C.,11. Wt 721
Dated: I , 2020
15 55695. 00001 \ 33485367. 1
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as evidenced by the signatures below
MEMBER AGENCY:
CITY OF IRVINE CITY OF HUNTINGTON BEACH
By:
Name:
Title:
Dated: , 2020
Approved as to Form:
City Attorney
Approved as to Form:
Special Counsel
CITY OF FULLERTON
By:
Name:
Title:
Dated: , 2020
Approved as to Form:
City Attorney
15 55695. 00001\ 33485367. 1
City Manager
Approves, as to Form
City Attorney
CITY OF LAKE FOREST
EXHIBIT A
LIST OF PARTIES
Founding Members:
City of Irvine City of Fullerton
1 Civic Center Plaza 303 W. Commonwealth Ave.
Irvine, CA 92606 Fullerton, CA 92832
City of Huntington Beach City of Buena Park
2000 Main Street 6650 Beach Blvd.
Huntington Beach, CA 92648 Buena Park, CA 90622
City of Lake Forest
25550 CommercentreDr.
Suite 100
Lake Forest, CA 92630
EXHIBIT B
ANNUAL ENERGY USAGE BY JURISDICTION
2019
Annual
Load
GWh1
City of Buena Park2 450
City of Fullerton 676
City of Huntington Beach 1, 046
City of Irvine 1, 937
City of Lake Forest 459
Total 4, 569
1. Annual energy usage is preliminary data and has not been validated by Southern California Edison SCE) at the time of execution of the Agreement. This Exhibit will be updated without requiring an amendment of the Agreement upon SCE validation of the data.
2. City' s 2019 annual load is an estimated value that may change pending preliminary and validated data from SCE.
55695. 00001\ 33526896. 1
EXHIBIT C
PARTY VOTING SHARES
Estimated
Voting
Share'
City of Buena Park 9. 8%
City of Fullerton 14. 8%
City of Huntington Beach 22. 9%
City of Irvine 42. 4%
City of Lake Forest 10. 0%
Total 100. 0%
1. Estimated Voting Share is based on Exhibit B ( Annual Energy Usage by Jurisdiction). Annual energy usage is preliminary data and has not been validated by Southern California Edison ( SCE) at the time of execution of the Agreement. This Exhibit will be updated without requiring an amendment of the Agreement upon SCE validation of the data. 55695. 00001\ 33526896. 1
DocuSign Envelope ID: E6953DE9- EDE5- 471C- AC16- 82834D472329
EXHIBIT D
FORM OF CAPITAL LOAN AGREEMENT
AGREEMENT BETWEEN THE CITY OF IRVINE AND THE ORANGE COUNTY
POWER AUTHORITY FOR THE ADVANCE OF FUNDS FOR IMPLEMENTATION
OF A COMMUNITY CHOICE ENERGY PROGRAM
This Agreement, effective (" Effective Date"), is by and between the CITY OF IRVINE, a municipal corporation and charter city (" City"), and the ORANGE COUNTY POWER AUTHORITY, a California joint powers authority (" Authority"), for the purpose of stating the terms for an advance of funds from the City to be repaid to City by the Authority as provided herein. City and Authority shall be referred to individually as a " Party" collectively as the " Parties."
RECITALS
A. On , the Authority was formed by participating Orange County cities, including the City, to administer a community choice aggregation (" CCA") program within the jurisdictional boundaries of its members in Orange County.
B. Prior to formation of the Authority, the City funded a feasibility study, peer review, and other activities necessary to evaluate the feasibility and implementation of a CCA program. The City also funded certain costs to form the Authority and implement the CCA program for itself and the Authority' s founding members.
C. As expressly stated in that certain document entitled, Orange County Power Authority Joint Powers Agreement, at Section 5. 5, which is incorporated herein by this reference, it was agreed upon by the parties thereto that the City would be reimbursed by the Authority for all costs regarding the feasibility and implementation of the CCA program, contingent upon the Authority' s launch of the CCA program.
D. The City estimates that its costs to study, form and implement the Authority are 250, 000, which include, but are not limited to, costs for its feasibility study, peer review, City staffing, legal costs, member and stakeholder outreach, and formation of the Authority Formation Costs").
E. The City estimates that the Authority will need approximately $ 2, 500, 000 for working capital to pay for implementation costs through a projected launch of the CCA program in 2022 Pre- Launch Costs").
F. The City further estimates that the Authority will need up to an additional $ 8, 000, 000 to 20, 000, 000 in the form of a credit facility for operational support and power procurement as well as other cash fl ow needs, and that any such credit facility may require cash collateral from an Authority member between $ 2, 000, 000 to $ 5, 000, 000 (" Launch Costs"). 19 55695. 00001\ 33485367. 1
DocuSign Envelope ID: E6953DE9- EDE5- 471C- AC16- 82834D472329 G. The Parties desire to enter into this Agreement to document the Authority' s repayment obligations to the City for all such funds expended on behalf of, or in support of, the formation of the Authority and implementation of the CCA program.
AGREEMENT
NOW THEREFORE, in consideration of their mutual promises and obligations, the Parties hereby agree as follows:
1. City Loan to the Authority.
1. 1. Formation Costs. The Authority acknowledges that the City has expended certain City funds toward Formation Costs and agrees to reimburse the City for such costs in an amount not to exceed $ 250, 000 dollars, subject to the repayment provisions herein.
1. 2. Pre- Launch Costs. The City agrees to loan the Authority Pre- Launch Costs in the amount of $ 2, 500, 000 by January 1, 2021, which shall be used by the Authority for working capital costs associated with the Authority' s launch, anticipated in 2022.
1. 3 Launch Costs. The City agrees to post the necessary cash collateral, not to exceed 5, 000, 000, in order for the Authority to secure a credit facility for its Launch Costs for additional working capital associated with power procurement and operational support (" Credit Agreement"). The City will also provide a loan for Launch Costs if needed by the Authority should a Credit Agreement be unavailable or insufficient to cover the Authority' s working capital needs. The terms and conditions of any City loan to the Authority for Launch Costs excluding the cash collateral requirement above) shall be negotiated and agreed upon in an amendment to this Agreement, subject to the reasonable approval of the Parties. The Authority shall provide the City with the Authority' s pro forma demonstrating the amount needed for the aforementioned City loan.
1. 4. City Loan Amount. Formation Costs, Pre- Launch Costs, and Launch Costs shall be collectively referred to herein as " City Loan Amount."
2. Repayment; Interest.
2. 1 Repayment Date. The Authority shall repay the City Loan Amount to City, plus interest, no later than the repayment date, which shall be January 1, 2027. The Parties acknowledge that they may modify the Repayment Date for the Launch Costs in an amendment to this Agreement depending on the terms and conditions of the Credit Agreement.
2. 2 Interest Rate. In accordance with subsection 2. 3, interest shall be paid on all outstanding portions of the City Loan Amount that bear interest. The interest rate on any outstanding amount shall be calculated according to the sum of the following calculation of each respective quarter:
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DocuSign Envelope ID: E6953DE9- EDE5- 471C- AC16- 82834D472329 Principal x Quarterly Interest Rate x ( No. of Days in Quarter/ No. of Days in Year)
Where " Principal" is the relevant funding of the City Loan Amount as described herein; Quarterly Interest Rate" is the gross earnings for the respective quarter as reported in the City of Irvine Treasurer' s monthly investment report found on the Treasurer' s website https:// www. cityofirvine. org/ administrative- services- department/ investment- policies- and- reports No. of Days in Quarter" is the sum of days of each month that make up each respective quarter; and " No. of Days in Year" is 365, except in leap years, in which the number of days in the year shall be 366.
The City Loan Amount shall bear interest as follows:
a. Formation Costs shall bear no interest whatsoever and shall be repaid to City as reimbursement for out- of- pocket expenses by the Repayment Date. b. Pre- Launch Costs shall bear interest beginning January 1, 2021 through the Repayment Date as estimated and set forth on Exhibit A, attached hereto. c. Launch Costs for the City' s collateral associated with the Credit Agreement shall bear interest beginning on the effective date of the Credit Agreement. Launch Costs for amendment to this Agreement, as set forth in subsection 1. 3, through the Repayment Date.
In the event the City Loan Amount, along with any and all interest owed pursuant to this Section 2, are not repaid by the Repayment Date, any such amounts that remain outstanding shall accrue interest at the rate specified by law for prejudgment interest.
3. City Liability; Hold Harmless; Indemnification.
3. 1 City Liability. The Authority acknowledges and agrees that by lending said funds to the Authority, the City does not assume any debt, liability, obligation, or duty whatsoever with respect to the Authority' s operations, liabilities, business, or transactions.
3. 2. Hold Harmless/ Indemnification. The Authority shall hold harmless, indemnify and defend the City, its elected officials, officers, employees, and agents from and against any and all claims, suits or actions of every kind which arise out of the performance or nonperformance of the Authority' s covenants, responsibilities, and obligations under this Agreement, and which result from the negligent or wrongful acts of the Authority or its board members, officers, employees, or agents. City shall hold harmless, indemnify and defend the Authority, its board members, officers, employees and agents from and against any and all claims, suits or actions of any kind which arise out of the performance or non- performance of the City' s covenants, responsibilities and obligations under this Agreement and which result from the negligent or wrongful acts of the City or its elected officials, officers, employees or agents.
In the event of concurrent negligence of the City, its officer or employees, and the Authority, its officers and employees, the liability for any and all claims for injuries or damages to persons 21 55695. 00001 \ 33485367. 1
DocuSign Envelope ID: E6953DE9- EDE5- 471C- AC16- 82834D472329 and/ or property or any other loss or costs which arise out of the terms, conditions, covenants or responsibilities of this Agreement shall be apportioned according to the California theory of comparative negligence.
4. General Provisions.
4. 1. Audit. Prior to January 1, 2023, the City may audit the Authority' s expenditure of Pre- Launch Costs to confirm that such expenditures have been made consistent with the purposes of this Agreement.
4. 2 Waiver. The waiver by City or Authority of any term, covenant, or condition herein contained shall not be deemed to a waiver of such term, covenant, or condition or any subsequent breach of the same or any other term, covenant, or condition herein contained.
4. 2. Successors and Assigns/ Assignment. The terms of this Agreement shall apply and bind the heirs, successors, executors, administrators and assigns of the Parties. No Party may assign this Agreement without the express written consent of the other Party, which shall not be unreasonably withheld.
4. 3. Entirety/ Amendment. This Agreement contains the entire understanding between the Parties relating to the obligations of the Parties described herein. No provision of this Agreement may be amended or added to except by an agreement in writing signed by the Parties or their respective successors in interest. This Agreement shall not be effective or binding until fully executed by both Parties.
4. 4. Venue & Choice of Law. This Agreement shall be governed by and construed under the laws of the State of California. In the event of any legal action to enforce or interpret this Agreement, the sole and exclusive venue shall be a court of competent jurisdiction located in Orange County, California.
4. 5. Independent Entities. This Agreement is by and between two independent entities and is not intended to and shall not be construed to create the relationship of agent, servant, employee, partnership, joint venture, joint employer, or association.
4. 6. Authority to Execute Agreement. The Parties each warrant that they have the authority to execute this Agreement and that all actions have occurred, and all necessary approvals or consents have been obtained to allow each party to enter into this Agreement.
4. 7. Notices. All notices provided for herein shall be in writing and shall be delivered to the appropriate parties as provided below:
For City: Attn: City Manager
City of Irvine
1 Civic Center Plaza
Irvine, CA 92606
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DocuSign Envelope ID: E6953DE9- EDE5- 471C- AC16- 82834D472329 For Authority: TBD
23 55695. 00001' 33485367. 1
DocuSign Envelope ID: E6953DE9- EDE5- 471C- AC16- 82834D472329 IN WITNESS WHEREOF, Authority and City have executed this Agreement on the date set forth below.
CITY OF IRVINE
Date:
11/ 20/ 2020
By: at44114jitjA4 4144114"."
Title: Interim City Manager
Approved as to Form:
Yffrui Attitiut4
City Attorney
ORANGE COUNTY POWER AUTHORITY
Date:
By:
Title:
Approved as to Form:
General Counsel
24 55695. 00001133485367. 1
DocuSign Envelope ID: E6953DE9- EDE5- 471C- AC16- 82834D472329
EXHIBIT A
PRE- LAUNCH COSTS INTEREST SCHEDULE
Loan Borrower Orange County Power Authority
Loan Amount/ Pre- Launch $ 2, 500, 000
Loan Start Date 1/ 1/ 2021
Loan Maturity Date 1/ 1/ 2027
Estimated Interest Rate 1. 75% See Note on Interest Rate Period Interest Cumulative Interest
3/ 31/ 2021 10, 787. 67 $ 10, 787. 67
6/ 30/ 2021 10, 907. 53 21, 695. 21
9/ 30/ 2021 11, 027. 40 32, 722. 60
12/ 31/ 2021 11, 027. 40 43, 750. 00
3/ 31/ 2022 10, 787. 67 54, 537. 67
6/ 30/ 2022 10, 907. 53 65, 445. 21
9/ 30/ 2022 11, 027. 40 76, 472. 60
12/ 31/ 2022 11, 027. 40 87, 500. 00
3/ 31/ 2023 10, 787. 67 98, 287. 67
6/ 30/ 2023 10, 907. 53 109, 195. 21
9/ 30/ 2023 11, 027. 40 120, 222. 60
12/ 31/ 2023 11, 027. 40 131, 250. 00
3/ 31/ 2024 10, 877. 73 142, 127. 73
6/ 30/ 2024 10, 877. 73 153, 005. 46
9/ 30/ 2024 10, 997. 27 164, 002. 73
12/ 31/ 2024 10, 997. 27 175, 000. 00
3/ 31/ 2025 10, 787. 67 185, 787. 67
6/ 30/ 2025 10, 907. 53 196, 695. 21
9/ 30/ 2025 11, 027. 40 207, 722. 60
12/ 31/ 2025 11, 027. 40 218, 750. 00
3/ 31/ 2026 10, 787. 67 229, 537. 67
6/ 30/ 2026 10, 907. 53 240, 445. 21
9/ 30/ 2026 11, 027. 40 251, 472. 60
12/ 31/ 2026 11, 027. 40 $ 262, 500. 00
Pre- Launch Loan $ 2, 500, 000. 00
Total Due 1/ 1/ 2027 $ 2, 762, 500. 00
Note: Interest Rate is based on the average of last six months of interest earned on the City' s investment
portfolio.
25 55695. 00001133485367. 1
Sierra Madre: Joe Mosca’s political
career goes south
John Crawford • May 7, 2022 at 12:15 p.m.
Encinitas if famed for its flower farms and perhaps also for its politics of development. ( AP 11/12/23, 11:16PMPage1of4
Photo/ Lenny Ignelzi)
While more recent arrivals in town may be unaware of this fellow’s significance, veteran Sierra Madreanos are likely to remember Joe Mosca.
The one- time mayor of Sierra Madre first arrived in town in late 2005, only to run for City Council less than a year later. Obviously he was a young man in a hurry. One of splendid gifts and much promise all were assured by his handlers.
Running as a preservationist opposed to a clunky mixed- use nightmare known as the “Downtown Specific Plan,” Joe rode to elective glory upon a wave of local revulsion at the city’s fraudulent proto- development political establishment. When his election gave slow- growthers a clear City Council majority, many declared the town’s troubles over.
Alas, no. As often happens with local baby- kissers, Mosca quickly flipped on everything he’d previously promised. He became an aggressive supporter of the very project he’d opposed when running for office.
Something that led to a successful resident land use revolt called Measure V, an unsuccessful recall, general civic mayhem, plus some annoying blogs.
Then, for reasons remaining unclear to this day, in 2011 Joe suddenly resigned his office. This only months after he’d won re-election with a campaign vowing his eternal love of Sierra Madre. Some credited Chris Holden for effortlessly crushing Mosca’s state Assembly ambitions, leaving him with little reason to stay. Others pointed to his physician husband being awarded a lucrative job in San Diego, bread winner’s needs carrying the day.
Shortly after landing in the San Diego County surf and sand suburb of Encinitas, Mosca somehow managed to get himself appointed to an open 11/12/23, 11:16PMPage2of4
seat on that City Council. This despite the many other hopeful applicants who’d lived there for more than a hot minute. When he actually needed to run for that seat a few years later, he barely eked out a victory over an 80- year- old resident who rarely left the house due to his ailments.
The ad spots run by his opponent’ s campaign featured footage of Mosca acting up at Sierra Madre City Council meetings. If you’ve ever lived in Sierra Madre you should go to the March 20 entry of The Tattler and check one out. You might be in it.
Which leads us to the present, and a story that ran in several Encinitas weeklies. Apparently they all share the same reporter. “ Mosca announces he won’t run again for Encinitas City Council: Encinitas City Councilman Joe Mosca will not seek another term in office, he announced at the March 16 council meeting.”
Deja vu? Again? I asked a politically connected Encinitas resident what’s up with this. The reply: Mosca certainly would have encountered an absolutely brutal campaign going up against a respected Planning Commissioner, someone who knows the code and fights for residents.
Joe’s reputation in Encinitas, and especially in his district, is one of favoring over- development. Specifically burdening his district, mostly horse country having wildfire evacuation issues already, with the high- density 283- unit Goodson project, which spawned the citizens group Encinitas RRD.” Joe and his development issues. They follow him wherever he may roam.
My poetic informant then added this:
Joe never stops talking. The endless thanking of city staff ( who often get things wrong at resident expense) is mind- blowing. His revisions of history are outright lies and he has no shame telling them, straight- faced, to people 11/12/23, 11:16PMPage3of4
knowing better.”
Can it be that Mosca has simply worn everybody in Encinitas out? Certainly this wouldn’t be the first time.
But is it really the end of Joe? Is there going to be a third town? As one prognosticator on my site opined, “ My guess is he will move to El Centro, and run for their City Council as Jose Mosca.”
John Crawford publishes the Sierra Madre Tattler.
11/12/23, 11:16PMPage4of4