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12-01-15 Searchable packetCITY OF CUPERTINO AGENDA Tuesday, December 1, 2015 10350 Torre Avenue, Council Chamber CITY COUNCIL 6:45 PM PLEDGE OF ALLEGIANCE ROLL CALL CEREMONIAL MATTERS AND PRESENTATIONS 1.Subject: Update from Teen Commission Recommended Action: Receive update 2.Subject: Update from Fine Arts Commission Recommended Action: Receive update POSTPONEMENTS ORAL COMMUNICATIONS This portion of the meeting is reserved for persons wishing to address the council on any matter not on the agenda. Speakers are limited to three (3) minutes. In most cases, State law will prohibit the council from making any decisions with respect to a matter not listed on the agenda. CONSENT CALENDAR Unless there are separate discussions and/or actions requested by council, staff or a member of the public, it is requested that items under the Consent Calendar be acted on simultaneously. 3.Subject: Approve the November 17 City Council minutes Recommended Action: Approve the minutes A - Draft Minutes 4.Subject: Accept Accounts Payable for the period ending October 23, 2015 Recommended Action: Adopt Resolution No. 15-105 accepting Accounts Payable for the period ending October 23, 2015 Page 1 CITY OF CUPERTINO 1 December 1, 2015City Council AGENDA A - Draft Resolution B - AP Report 5.Subject: Accept Accounts Payable for the period ending October 30, 2015 Recommended Action: Adopt Resolution No. 15-106 accepting Accounts Payable for the period ending October 30, 2015 A - Draft Resolution B - AP Report 6.Subject: Accept Accounts Payable for the period ending November 6, 2015 Recommended Action: Adopt Resolution No. 15-107 accepting Accounts Payable for the period ending November 6, 2015 A - Draft Resolution B - AP Report 7.Subject: California State Law AB1717, Local Prepaid Mobile Telephony Services Collection Act, effective January 1, 2016 Recommended Action: a.) Adopt Resolution No. 15-108 authorizing the City Manager to Execute the Agreement with the State Board of Equalization; and b.) Adopt Resolution No. 15-109 authorizing the Examination for the Prepaid Mobile Telephony Services Surcharge and Local Charge Records Staff Report A - Draft Resolution Agreement with the State Board of Equalization B - Draft Resolution Prepaid Mobile Telephony Services Surcharge C - Local Charge Agreement 8.Subject: Letter to President Obama expressing support for the Clean Power Plan and transitioning U.S. energy consumption to 100% renewable by 2050. Recommended Action: Authorize the Mayor to sign a letter to President Obama in support of the Clean Power Plan and transitioning the nation’s energy consumption to be 100% renewable by 2050. Staff Report A - Letter of Support 9.Subject: Participate in the Compact of Mayors by sending a letter of commitment to the Compact of Mayors Secretariat. Recommended Action: Authorize the Mayor to sign the letter of commitment to the Compact of Mayors, joining coalitions of mayors and city officials worldwide committing to reduce local greenhouse gas emissions and enhance resilience to climate change. Staff Report A - Letter of Intent 10.Subject: Participation in the Institute for Local Government’s Beacon Award: Page 2 CITY OF CUPERTINO 2 December 1, 2015City Council AGENDA Local Leadership toward Solving Climate Change Recognition Program Recommended Action: Adopt Resolution 15-110 supporting the City’s participation in the Institute for Local Government’s Beacon Award: Local Leadership toward Solving Climate Change Recognition Program. Staff Report A - Resolution 11.Subject: Declare weeds a nuisance and set hearing date of January 19 for objections to proposed removal Recommended Action: Adopt Resolution No. 15-112 declaring weeds a nuisance and setting hearing date of January 19 for objections to proposed removal Staff Report A - Draft Resolution 12.Subject: Blackberry Farm Golf Course Maintenance Agreement, Contract Award Recommended Action: Authorize the City Manager to award, negotiate and execute a contract with Professional Turf Management of San Jose, California in the amount of $99,600, as selected through a Request for Qualification process, and further authorize the City Manager to execute annual extensions to the contract for up to five years based upon the pricing in the bid documents, subject to appropriation Staff Report A - Draft Contract 13.Subject: Application for Alcoholic Beverage License for Yayoi, 20682 & 20684 Homestead Road Recommended Action: Recommend approval of the Alcoholic Beverage License to the California Department of Alcoholic Beverage Control for Yayoi, 20682 & 20684 Homestead Road Staff Report A - Application 14.Subject: Application for Alcoholic Beverage License for Pieology Pizzeria, 19409 Stevens Creek Boulevard, Suite 140 Recommended Action: Recommend approval of the Alcoholic Beverage License to the California Department of Alcoholic Beverage Control for Pieology Pizzeria, 19409 Stevens Creek Boulevard, Suite 140 Staff Report A - Application 15.Subject: Application for Alcoholic Beverage License for Tofu Plus, 10971 North Wolfe Road Page 3 CITY OF CUPERTINO 3 December 1, 2015City Council AGENDA Recommended Action: Recommend approval of the Alcoholic Beverage License to the California Department of Alcoholic Beverage Control for Tofu Plus, 10971 North Wolfe Road Staff Report A - Application 16.Subject: Application for Alcoholic Beverage License for Starbucks #5217, 20520 Stevens Creek Boulevard Recommended Action: Recommend approval of the Alcoholic Beverage Control License to the California Department of Alcoholic Beverage Control for Starbucks #5217, 20520 Stevens Creek Boulevard Staff Report A - Application 17.Subject: Application for Alcoholic Beverage License for Yoshida Restaurant, 10700 South De Anza Boulevard Recommended Action: Recommend approval of the Alcoholic Beverage License to the California Department of Alcoholic Beverage Control for Yoshida Restaurant, 10700 South De Anza Boulevard Staff Report A - Application SECOND READING OF ORDINANCES 18.Subject: Second reading of an Ordinance amending Section 2.04.010 of the Cupertino Municipal Code regarding regular City Council meetings that fall on any Election Tuesday in a regular Cupertino election year Recommended Action: Conduct the second reading and enact Ordinance No. 15-2137: "An Ordinance of the City Council of the City of Cupertino amending Section 2.04.010 of Chapter 2.04 of Title 2 of the Cupertino Municipal Code regarding regular City Council meetings that fall on any Election Tuesday in a regular Cupertino election year" Staff Report A - Redline Draft Ordinance B - Clean Draft Ordinance PUBLIC HEARINGS ORDINANCES AND ACTION ITEMS 19.Subject: Approve actions related to the formation of, and Cupertino’s membership in, the Silicon Valley Clean Energy Authority, an independent joint powers authority, which will provide a Community Choice Aggregation Program Page 4 CITY OF CUPERTINO 4 December 1, 2015City Council AGENDA to offer clean energy alternatives for Cupertino residents and businesses; and related CEQA action Recommended Action: 1.Accept the Silicon Valley Community Choice Energy Technical Study Draft Report, and find that the proposed actions are exempt from CEQA; and 2.Conduct the first reading of the Ordinance No. 15-2138: “An Ordinance of the City Council of the City of Cupertino Authorizing the Implementation of a Community Choice Aggregation Program” to create and participate in the Silicon Valley Clean Energy Authority; and 3.Adopt Resolution No. 15-111 of the City Council of the City of Cupertino Approving the Joint Powers Agreement Establishing the Silicon Valley Clean Energy Authority; and 4.Authorize the City Manager to remit up to $450,000, as previously budgeted, to the Silicon Valley Clean Energy Authority to support the initial costs of the Authority; and 5.Approve an increase to the Fiscal Year 2015-16 Sustainability Division Special Project Budget of $100,000 for project contingency as outlined in the JPA; and 6.Direct staff to return to Council with an update and potential action regarding bridge financing for the Authority; and 7.Direct staff to return to Council with a proposal to provide interim project and/or staffing support to the Authority via a separate services agreement; and 8.Direct staff to return to Council for appointment of a regular Director and alternate Director to the Authority’s Board of Directors. Staff Report A - Technical Study Draft Report B - Community Choice Energy Draft Ordinance C - Joint Powers Authority Draft Resolution D - Joint Powers Authority Draft Agreement REPORTS BY COUNCIL AND STAFF ELECTION OF MAYOR AND VICE MAYOR 20.Subject: Council members elect Mayor Recommended Action: Make nominations and elect Mayor 21.Subject: Council members elect Vice Mayor Recommended Action: Make nominations and elect Vice Mayor OATH OF OFFICE 22.Subject: Mayor takes Oath of Office Page 5 CITY OF CUPERTINO 5 December 1, 2015City Council AGENDA Recommended Action: Mayor takes Oath of Office 23.Subject: Vice Mayor takes Oath of Office Recommended Action: Vice Mayor takes Oath of Office COMMENTS BY NEW MAYOR 24.Subject: Comments by new Mayor and presentation of gifts Recommended Action: Comments by new Mayor and presentation of gifts COMMENTS BY COUNCIL MEMBERS AND PUBLIC 25.Subject: Comments by Council members Recommended Action: Comments by Council members 26.Subject: Members of the audience are invited to speak Recommended Action: Members of the audience are invited to speak RECEPTION 27.Subject: The public is invited to attend a reception in the lobby Recommended Action: The public is invited to attend a reception in the lobby ADJOURNMENT Page 6 CITY OF CUPERTINO 6 December 1, 2015City Council AGENDA The City of Cupertino has adopted the provisions of Code of Civil Procedure §1094.6; litigation challenging a final decision of the City Council must be brought within 90 days after a decision is announced unless a shorter time is required by State or Federal law. Prior to seeking judicial review of any adjudicatory (quasi-judicial) decision, interested persons must file a petition for reconsideration within ten calendar days of the date the City Clerk mails notice of the City’s decision. Reconsideration petitions must comply with the requirements of Cupertino Municipal Code §2.08.096. Contact the City Clerk’s office for more information or go to http://www.cupertino.org/index.aspx?page=125 for a reconsideration petition form. In compliance with the Americans with Disabilities Act (ADA), anyone who is planning to attend the next City Council meeting who is visually or hearing impaired or has any disability that needs special assistance should call the City Clerk's Office at 408-777-3223, 48 hours in advance of the Council meeting to arrange for assistance. Upon request, in advance, by a person with a disability, City Council meeting agendas and writings distributed for the meeting that are public records will be made available in the appropriate alternative format. Also upon request, in advance, an assistive listening device can be made available for use during the meeting. Any writings or documents provided to a majority of the Cupertino City Council after publication of the packet will be made available for public inspection in the City Clerk’s Office located at City Hall, 10300 Torre Avenue, during normal business hours and in Council packet archives linked from the agenda/minutes page on the Cupertino web site. Members of the public are entitled to address the City Council concerning any item that is described in the notice or agenda for this meeting, before or during consideration of that item. If you wish to address the Council on any issue that is on this agenda, please complete a speaker request card located in front of the Council, and deliver it to the Clerk prior to discussion of the item. When you are called, proceed to the podium and the Mayor will recognize you. If you wish to address the City Council on any other item not on the agenda, you may do so by during the public comment portion of the meeting following the same procedure described above. Please limit your comments to three (3) minutes or less. Page 7 CITY OF CUPERTINO 7 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1139 Name: Status:Type:Ceremonial Matters &Presentations Agenda Ready File created:In control:10/5/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Update from Teen Commission Sponsors: Indexes: Code sections: Attachments: Action ByDate Action ResultVer. City Council12/1/20151 Subject: Update from Teen Commission Receive update CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™8 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1140 Name: Status:Type:Ceremonial Matters &Presentations Agenda Ready File created:In control:10/5/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Update from Fine Arts Commission Sponsors: Indexes: Code sections: Attachments: Action ByDate Action ResultVer. City Council12/1/20151 Subject: Update from Fine Arts Commission Receive update CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™9 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-0700 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:2/18/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Approve the November 17 City Council minutes Sponsors: Indexes: Code sections: Attachments:A - Draft Minutes Action ByDate Action ResultVer. City Council12/1/20151 Subject: Approve the November 17 City Council minutes Approve the minutes CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™10 DRAFT MINUTES CUPERTINO CITY COUNCIL Tuesday, November 17, 2015 SPECIAL CITY COUNCIL MEETING ROLL CALL At 5:35 p.m. Mayor Rod Sinks called the Special City Council meeting to order in Cupertino City Hall Conference Room A, 10300 Torre Avenue. ROLL CALL Present: Mayor Rod Sinks, Vice Mayor Barry Chang and Council members Savita Vaidhyanathan, Darcy Paul (5:55 p.m.) and Gilbert Wong. Absent: None. At 5:35 p.m. Council went into closed session and reconvened in open session at 6:45 p.m. in the Cupertino Community Hall Council Chamber, 10350 Torre Avenue. CLOSED SESSION 1. Subject: Conference with Labor Negotiators (54957.6). Agency designated representatives: Assistant to the City Manager and Jaime Bodiford. Appointed employee: City Manager Mayor Sinks announced that Council provided direction to staff. 2. Subject: Conference with Legal Counsel - Anticipated Litigation: Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Government Code Section 54956.9 - One case Mayor Sinks announced that Council provided direction to staff and legal counsel. 3. Subject: Conference with Real Property Negotiators (Government Code 54956.8). Property: Cupertino Municipal Water System. Agency Negotiator: Timm Borden. Negotiating Parties: City of Cupertino and San Jose Water Company. Under Negotiation: Terms for City Leased Asset 11 City Council Minutes November 17, 2015 2 Mayor Sinks announced that Council provided direction to staff and legal counsel. 4. Subject: Conference with Legal Counsel - Anticipated Litigation: Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code Section 54956.9 - One case Mayor Sinks announced that Council provided direction to staff and legal counsel. ADJOURNMENT REGULAR CITY COUNCIL MEETING PLEDGE OF ALLEGIANCE At 6:45 p.m. Mayor Rod Sinks called the Regular City Council meeting to order in Cupertino Community Hall Council Chambers, 10350 Torre Avenue and led the Pledge of Allegiance. ROLL CALL Present: Mayor Rod Sinks, Vice Mayor Barry Chang and Council members Savita Vaidhyanathan, Darcy Paul and Gilbert Wong. Absent: None. STUDY SESSION 1. Subject: Study Session on the Civic Center Master Plan - Financing Alternatives and Affordability Analysis Recommended Action: Receive staff presentation and provide direction Written communications for this item included emails to Council and a staff PowerPoint presentation. Director of Public Works Timm Borden, Finance Manager Lisa Taitano, and City Manager David Brandt reviewed the staff report via a PowerPoint presentation. Also present was Peter Rossi from Rossi Financial who prepared the financial plans. Mr. Borden noted one correction to the report in the packet. Support for option 4 – perch expansion was Library staff and the Cupertino Library Commission. Staff and Mr. Rossi answered questions from Council. 12 City Council Minutes November 17, 2015 3 The following individuals spoke on this item: Cathy Helgerson Peggy Griffin Liang Chao Their comments included: concern over adding additional debt and what would have to be given up; renovate rather than build new; no need for Emergency Operations Center and no underground parking; bring bond measure to the voters; be creative with financing; cost is too high and go out to bid; conflict of interest with Perkins + Will; money from developers shouldn’t be earmarked for City Hall. Council gave the following direction to staff:  Explore options for cost of $40 million (financed plus cash)  Explore option of leasing 40,000 square feet  Explore possibility of building proposed project for half the cost Council recessed from 8:51 p.m. to 9:02 p.m. CEREMONIAL MATTERS AND PRESENTATION 2. Subject: Update from the Housing Commission Recommended Action: Receive update Written communications for this item included a PowerPoint presentation. Vice Chair of the Housing Commission Harvey Barnett gave an update on the Commission via a PowerPoint presentation. Cathy Helgerson talked about the waiting list for affordable housing and would like to see subsidies given to teachers who want to live in Cupertino and to students who can’t afford rental housing. Council received the update. 3. Subject: Update from the Planning Commission Recommended Action: Receive the update 13 City Council Minutes November 17, 2015 4 Written communications for this item included a PowerPoint presentation. Chair of the Planning Commission and Commissioner Geoff Paulsen gave an update on the Commission via a PowerPoint presentation. Council received the update. POSTPONEMENTS - None ORAL COMMUNICATIONS Mike Rhode on behalf of the Vallco Shopping Mall property owner talked about their leasing operation and notice given to the tenants as they prepare for changes to the mall. Lisa Warren talked about a letter of intent with Sand Hill Property Company and the Cupertino Union School District. She distributed a hard copy of the letter. Cathy Helgerson talked about the small business owners in Vallco being asked to relocate. Moe Satter small business owner in Vallco talked about being asked to relocate. A.J. small business owner in Vallco talked about being asked to relocate. Israv Khen General Manager at a small business in Vallco talked about the business being asked to relocate. Surinder Kaur small business owner in Vallco talked about being asked to relocate. She distributed written comments. Takken Tru talked about the Vallco Mall project. David Chang small business owner in Vallco Mall talked about being asked to relocate. Kim Chi Vo small business owner in Vallco Mall talked about being asked to relocate. Liang-Fang Chao talked about the small business owners in Vallco Mall who are being asked to relocate. Osman Khan small business owner in Vallco Mall talked about being asked to relocate. 14 City Council Minutes November 17, 2015 5 CONSENT CALENDAR Wong moved and Vaidhyanathan seconded to approve the items on the Consent Calendar as presented with the exception of item numbers 9 and 10 which were pulled for discussion. Ayes: Sinks, Chang, Paul, Vaidhyanathan and Wong. Noes: None. Abstain: None. Absent: None. 4. Subject: Approve the November 3 City Council minutes Recommended Action: Approve the minutes 5. Subject: Approve Treasurer's Investment Report for the Quarter ending June 30, Recommended Action: Accept the report 6. Subject: Approve Treasurer's Investment Report for the Quarter ending September 30, 2015 Recommended Action: Accept the report 7. Subject: Approval of the First Quarter adjustments for Fiscal Year 2015-16 as described in the First Quarter Financial Report Recommended Action: 1. Accept the City Manager's First Quarter Financial Report for Fiscal Year 2015-16; and 2. Adopt Resolution No. 15-100 approving the First Quarter budget adjustments 8. Subject: A resolution to allow the use of electronic signatures (E-signatures) on City documents Recommended Action: Staff recommends that the City Council adopt Resolution No. 15-101 to allow the use of electronic signatures (E-signatures) on applicable City documents 9. Subject: Approve the Employment Contract for the City Manager, and amend the Appointed Employees’ Compensation Program Recommended Action: a.) Adopt Resolution No. 15-102 approving the Third Amendment to the Employment Contract for the City Manager; and b.) Adopt Resolution No. 15-103 amending the Appointed Employees’ Compensation Program a.) Adopted Resolution No. 15-102 approving the Third Amendment to the Employment Contract for the City Manager as amended to make the new compensation retroactive closest to the City Manager’s annual employment date of 15 City Council Minutes November 17, 2015 6 September 9; and b.) Adopted Resolution No. 15-103 amending the Appointed Employees’ Compensation program. The motion carried unanimously. 10. Subject: Amendment to an existing consultant services agreement with David J. Powers and Associates for environmental review for a Specific Plan and project in the Vallco Shopping District Planning Area for a total contract in the amount of $919,245, and authorization for further amendments. Recommended Action: 1. Authorize an amendment to the existing “Agreement between the City of Cupertino and David J. Powers & Associates, Inc for the CEQA Environmental Review for the Vallco Specific Plan Redevelopment Project” consultant services agreement with David J. Powers and Associates, Inc. (DJP&A) for preparation of an Environmental Impact Report (EIR) for the Council’s consideration, for an additional amount not to exceed $164,940, for a total cost of $919,245. (Attachment A). 2. Authorize the City Manager to negotiate and execute additional future amendments to Item 1 above to the extent that funds are appropriated for the amendments and the total expenditures are cost-recovered from the applicant. 3. Approve an increase to the Fiscal Year 2015-16 Planning and Community Development-Mid to Long Term Planning program budget of $181,434 ($164,940 plus 10% administrative fee) Cathy Helgerson talked about the amount of money being spent on consultants and to pay attention to the EIR comments from residents. Peggy Griffin talked about the Vallco project and encouraged Council to vote no on item 2 under the recommended action. Paul moved and Chang seconded to 1. Authorize an amendment to the existing “Agreement between the City of Cupertino and David J. Powers & Associates, Inc. for the CEQA Environmental Review for the Vallco Specific Plan Redevelopment Project” consultant services agreement with David J. Powers and Associates, Inc. (DJP&A) for preparation of an Environmental Impact Report (EIR) for the Council’s consideration, for an additional amount not to exceed $164,940, for a total cost of $919,245. (Attachment A). 2. Did not authorize the City Manager to negotiate and execute additional future amendments to Item 1 above to the extent that funds are appropriated for the amendments and the total expenditures are cost-recovered from the applicant (any amendments will come back to Council). 3. Approved an increase to the Fiscal Year 2015-16 Planning and Community Development-Mid to Long Term Planning program budget of $181,434 ($164,940 plus 10% administrative fee). The motion carried with Sinks voting no. 16 City Council Minutes November 17, 2015 7 11. Subject: Amendment to increase City funding for the Memorandum of Understanding (MOU) (Attachment A) with the Santa Clara Valley Water District (District) for their Landscape Conversion Rebate Program (Program) Recommended Action: Staff recommends Council adopt Resolution No. 15-104 amending Approved FY 15/16 Operating Budget (Attachment B) and Authorize the City Manager to execute an amendment to the MOU with the District in an increased amount of up to $115,000 to supplement the District’s Program for the benefit of Cupertino residents and businesses 12. Subject: 2016 Pavement Maintenance Project, Project No. 2016-15 authority to award contract Recommended Action: Authorize the City Manager to award and execute the 2016 Pavement Maintenance Project contract, including a 10% contingency, if the lowest responsive bid is within the established budget and there are no unresolved bid protests 13. Subject: Funding agreement between the City of Cupertino and the Santa Clara Valley Transportation Authority (VTA) for the I-280/Wolfe Road Interchange Improvements Project Recommended Action: Authorize the City Manager to negotiate and execute a Funding Agreement with the VTA to identify the City of Cupertino and VTA’s respective obligations for the I-280/Wolfe Road Interchange Improvements Project to the extent that the City of Cupertino’s contributions are expected to be reimbursed from project applicants and funds are appropriated for such purpose SECOND READING OF ORDINANCES 14. Subject: Second reading of Ordinance and adopt amendments to the City's Zoning Map to rezone a 0.98 acre parcel from Light Industrial with Special Development Conditions (ML-fa) to Planned Development Zoning District with Light Industrial And Commercial Uses P(ML, CG)). (Z-2015-01, 10950 N. Blaney Avenue, APN: 316 03 041) Recommended Action: Conduct the second reading and enact Ordinance No. 15-2135: “An Ordinance of the City Council of the City of Cupertino rezoning a 0.98 acre parcel from Light Industrial with Special Development Conditions (ML-fa) to Planned Development Zoning District with Light Industrial And Commercial Uses P(ML, CG)" City Clerk Grace Schmidt read the title of the ordinance. 17 City Council Minutes November 17, 2015 8 Chang moved and Paul seconded to read Ordinance No. 15-2135 by title only and that the City Clerk’s reading would constitute the second reading thereof. Ayes: Sinks, Chang, Paul, Vaidhyanathan and Wong. Noes: None. Abstain: None. Absent: None. Chang moved and Vaidhyanathan seconded to enact Ordinance No. 15-2135. Ayes: Sinks, Chang, Paul, Vaidhyanathan and Wong. Noes: None. Abstain: None. Absent: None. 15. Subject: Second reading of ordinance amending Section 2.12.040 of the Cupertino Municipal Code to clarify the number of votes required to pass ordinances, resolutions, and certain orders to ensure that the Municipal Code is consistent with State Law Recommended Action: Conduct the second reading and enact Ordinance No. 15-2136: An Ordinance of the City Council of the City of Cupertino amending Section 2.12.040 of the Cupertino Municipal Code regarding the number of votes required for Ordinances, Resolutions, and Certain Orders City Clerk Grace Schmidt read the title of the ordinance. Chang moved and Paul seconded to read Ordinance No. 15-2136 by title only and that the City Clerk’s reading would constitute the second reading thereof. Ayes: Sinks, Chang, Paul, Vaidhyanathan and Wong. Noes: None. Abstain: None. Absent: None. Chang moved and Vaidhyanathan seconded to enact Ordinance No. 15-2136. Ayes: Sinks, Chang, Paul, Vaidhyanathan and Wong. Noes: None. Abstain: None. Absent: None. PUBLIC HEARINGS - None ORDINANCES AND ACTION ITEMS 16. Subject: First reading of an Ordinance amending Section 2.04.010 of the Cupertino Municipal Code regarding regular City Council meetings that fall on Election Tuesday in even-numbered years Recommended Action: Conduct the first reading Ordinance No. 15-2137: “An Ordinance of the City Council of the City of Cupertino amending Section 2.04.010 of Chapter 2.04 of Title 2 of the Cupertino Municipal Code regarding regular City Council meetings that fall on Election Tuesday in even-numbered years" City Clerk Grace Schmidt reviewed the staff report. 18 City Council Minutes November 17, 2015 9 Council amended the ordinance language to read: City Council meetings that fall on any Election Tuesday in a regular Cupertino election year shall automatically be moved to the first Monday of the month. City Clerk Grace Schmidt read the title of the ordinance. Chang moved and Wong seconded to read Ordinance No. 15-2137 as amended by title only and that the City Clerk’s reading would constitute the first reading thereof Ayes: Sinks, Chang, Paul, Vaidhyanathan and Wong. Noes: None. Abstain: None. Absent: None. REPORTS BY COUNCIL AND STAFF 17. Subject: Report on Committee assignments and general comments Recommended Action: Report on Committee assignments and general comments City Manager David Brandt talked about the issue with the Vallco small business owners and noted that the City’s Economic Development Manager has met with some of the owners. The City will continue to try and work with them regarding relocation. Council members highlighted the activities of their committees and various community events. ADJOURNMENT At 11:10 p.m., Mayor Sinks adjourned the meeting to Tuesday, December 1. _______________________________ Grace Schmidt, City Clerk Staff reports, backup materials, and items distributed at the City Council meeting are available for review at the City Clerk’s Office, 777-3223, and also on the Internet at www.cupertino.org. Click on Agendas & Minutes, then click on the appropriate Packet. Most Council meetings are shown live on Comcast Channel 26 and AT&T U-verse Channel 99 and are available at your convenience at www.cupertino.org. Click on Agendas & Minutes, and then click Archived Webcast. Videotapes are available at the Cupertino Library, or may be purchased from the Cupertino City Channel, 777-2364. 19 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1223 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/16/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Accept Accounts Payable for the period ending October 23, 2015 Sponsors: Indexes: Code sections: Attachments:A - Draft Resolution B - AP Report Action ByDate Action ResultVer. City Council12/1/20151 Subject: Accept Accounts Payable for the period ending October 23, 2015 AdoptResolutionNo.15-105acceptingAccountsPayablefortheperiodendingOctober23, 2015 CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™20 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ALLOWING CERTAIN CLAIMS AND DEMANDS PAYABLE IN THE AMOUNTS AND FROM THE FUNDS AS HEREINAFTER DESCRIBED FOR GENERAL AND MISCELLANEOUS EXPENDITURES FOR THE PERIOD ENDING October 23, 2015 WHEREAS, the Director of Administrative Services or her designated representative has certified to accuracy of the following claims and demands and to the availability of funds for payment hereof; and WHEREAS, the said claims and demands have been audited as required by law. NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby allows the following claims and demands in the amounts and from the funds as hereinafter set forth in the attached Payment Register. CERTIFIED: _____________________________ Lisa Taitano, Finance Manager PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 1st day of December, 2015, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: _________________________ ________________________ Grace Schmidt, City Clerk Rod Sinks, Mayor, City of Cupertino 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1224 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/16/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Accept Accounts Payable for the period ending October 30, 2015 Sponsors: Indexes: Code sections: Attachments:A - Draft Resolution B - AP Report Action ByDate Action ResultVer. City Council12/1/20151 Subject: Accept Accounts Payable for the period ending October 30, 2015 AdoptResolutionNo.15-106acceptingAccountsPayablefortheperiodendingOctober30, 2015 CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™42 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ALLOWING CERTAIN CLAIMS AND DEMANDS PAYABLE IN THE AMOUNTS AND FROM THE FUNDS AS HEREINAFTER DESCRIBED FOR GENERAL AND MISCELLANEOUS EXPENDITURES FOR THE PERIOD ENDING October 30, 2015 WHEREAS, the Director of Administrative Services or her designated representative has certified to accuracy of the following claims and demands and to the availability of funds for payment hereof; and WHEREAS, the said claims and demands have been audited as required by law. NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby allows the following claims and demands in the amounts and from the funds as hereinafter set forth in the attached Payment Register. CERTIFIED: _____________________________ Lisa Taitano, Finance Manager PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 1st day of December, 2015, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: _________________________ ________________________ Grace Schmidt, City Clerk Rod Sinks, Mayor, City of Cupertino 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1225 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/16/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Accept Accounts Payable for the period ending November 6, 2015 Sponsors: Indexes: Code sections: Attachments:A - Draft Resolution B - AP Report Action ByDate Action ResultVer. City Council12/1/20151 Subject: Accept Accounts Payable for the period ending November 6, 2015 AdoptResolutionNo.15-107acceptingAccountsPayablefortheperiodendingNovember6, 2015 CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™60 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ALLOWING CERTAIN CLAIMS AND DEMANDS PAYABLE IN THE AMOUNTS AND FROM THE FUNDS AS HEREINAFTER DESCRIBED FOR GENERAL AND MISCELLANEOUS EXPENDITURES FOR THE PERIOD ENDING November 06, 2015 WHEREAS, the Director of Administrative Services or her designated representative has certified to accuracy of the following claims and demands and to the availability of funds for payment hereof; and WHEREAS, the said claims and demands have been audited as required by law. NOW, THEREFORE, BE IT RESOLVED, that the City Council hereby allows the following claims and demands in the amounts and from the funds as hereinafter set forth in the attached Payment Register. CERTIFIED: _____________________________ Lisa Taitano, Finance Manager PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 1st day of December, 2015, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: _________________________ ________________________ Grace Schmidt, City Clerk Rod Sinks, Mayor, City of Cupertino 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:215-1146 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:10/6/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: California State Law AB1717, Local Prepaid Mobile Telephony Services Collection Act,effective January 1, 2016 Sponsors: Indexes: Code sections: Attachments:Staff Report A - Draft Resolution Agreement with the State Board of Equalization B - Draft Resolution Prepaid Mobile Telephony Services Surcharge C - Local Charge Agreement Action ByDate Action ResultVer. City Council12/1/20152 Subject:CaliforniaStateLawAB1717,LocalPrepaidMobileTelephonyServicesCollection Act, effective January 1, 2016 a.)AdoptResolutionNo.15-108authorizingtheCityManagertoExecutetheAgreementwith theStateBoardofEqualization;andb.)AdoptResolutionNo.15-109authorizingthe Examination for the Prepaid Mobile Telephony Services Surcharge and Local Charge Records CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™76 1 CITY MANAGER’S OFFICE CITY HALL 10 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3212 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject California state law AB 1717, Local Prepaid Mobile Telephony Services Collection Act, effective January 1, 2016. Recommended Action a. Adopt the Draft Resolution authorizing the City Manager to Execute the Agreement with the State Board of Equalization b. Adopt the Draft Resolution authorizing the Examination for the Prepaid Mobile Telephony Services Surcharge and Local Charge Records Description Governor Brown signed into law last year’s AB 1717, the Local Prepaid Mobile Telephony Services Collection (MTS) Act. It requires retailers and phone carriers to collect Utility Users Tax (UUT) on prepaid services beginning January 1, 2016. Retailers must pay the local UUT to the State Board of Equalization (BOE), which will distribute it to cities and counties quarterly, as it does sales and use tax. Cupertino’s existing Telecommunication Users Tax code (Chapter 3.35) sufficiently covers this new surcharge, so a change to the code is not necessary. The City does, however, need to authorize the BOE to charge, collect, and examine records pertaining to this new surcharge in order to effectively implement this legislation on behalf of the City. The attached resolutions provide that authorization. Similar documents have been executed with BOE to collect existing UUT for the City. Sustainability Impact There is no sustainability impact resulting from this action. 77 2 Fiscal Impact The prepaid MTS surcharge generally applies to amounts charged for:  prepaid wireless airtime cards  prepaid wireless cards compatible with pay-as-you-go cell phones  prepaid wireless minutes  prepaid wireless plans  prepaid wireless refill or top-off cards  prepaid wireless 'e-Cards'  prepaid mobile data or any other services when sold with any of the above  limited versions of bundled services sold with prepaid MTS. The UUT rate specified in Cupertino's ordinance is 2.4% and applies to all City utility taxes, including prepaid MTS. The City’s ordinance anticipated eventual approval of this surcharge on prepaid MTS and was drafted accordingly. For this new surcharge only, the current rate will be suspended and replaced by the applicable tiered rates under the Local Prepaid Mobile Telephony Services Collection Act. For Cupertino, the rate for prepaid MTS will be 1.5%. The full tiered chart is as follows: UUT Rate in Ordinance New UUT Rate for Prepaid MTS If less than 1.5 percent 0 percent If 1.5 percent, but less than 2.5 percent 1.5 percent If 2.5 percent, but less than 3.5 percent 2.5 percent If 3.5 percent, but less than 4.5 percent 3.5 percent If 4.5 percent, but less than 5.5 percent 4.5 percent If 5.5 percent, but less than 6.5 percent 5.5 percent If 6.5 percent, but less than 7.5 percent 6.5 percent If 7.5 percent, but less than 9.0 percent 7.5 percent If 9.0 percent or more 9.0 percent 78 3 In a previous legal analysis performed for Cupertino when this legislation was being proposed, the incremental revenue that prepaid MTS would constitute was projected to be 20% of the total telecommunications market. In the following table, projected incremental revenues are calculated using the lower rate of 1.5% (not 2.4%) and further reduced by BOE administrative costs and a 3% vendor compensation cost. Projected FY2016-17 Projected Out Years 1,536,505.91 Total Telecomm UUT 1,536,505.91 Total Telecomm UUT 192,063.24 20% of Total at 1.5% 192,063.24 20% of Total at 1.5% (96,031.62) Less 50% BOE Admin (38,412.65) Less 20% BOE Admin (5,761.90) Less 3% Vendor Commission (5,761.90) Less 3% Vendor Commission $ 90,269.72 Incremental Revenue to City $ 147,888.69 Incremental Revenue to City For the first year of full implementation, staff projects BOE Admin will be 50% and then decline to 20% in the out years. BOE administrative cost estimates have not been made and are expected to be posted to its website in December. ____________________________________ Prepared by: Lisa Taitano, Finance Manager Reviewed and Approved for Submission by: David Brandt, City Manager Attachments: A: Draft Resolution Agreement with the State Board of Equalization B: Draft Resolution Prepaid Mobile Telephony Services Surcharge C: Local Charge Agreement 79 RESOLUTION NO. ______________ A RESOLUTION OF THE CITY OF CUPERTINO AUTHORIZING CITY MANAGER TO EXECUTE AGREEMENT WITH THE STATE BOARD OF EQUALIZATION FOR IMPLEMENTATION OF THE LOCAL PREPAID MOBILE TELEPHONY SERVICES COLLECTION ACT WHEREAS, on December 1, 2015, the City Council certified that Ordinance No. 09-130 applies its local charge(s) (access to 911 or communication services and/or utility user tax) to prepaid mobile telephony services; and WHEREAS, the Local Prepaid Mobile Telephony Services Collection Act, mandates the Board of Equalization (Board) to administer and collect the local charges for all applicable local jurisdictions (Rev. & Tax Code section 42103); and WHEREAS, the Board will perform all functions incident to administration and collection of the local charges for the City of Cupertino; and WHEREAS, the Board requires that the City of Cupertino enter into an “Agreement for State Collection and Administration of Local Charges” the Agreement prior to implementation of the Local Prepaid Mobile Telephony Services Collection Act, and Whereas, the Board requires that the City Manager authorize the agreement; NOW, THEREFORE BE IT RESOLVED by the City Council that the attached “Agreement for State Collection and Administration of Local Charges” is hereby approved and the City Manager is hereby authorized to execute the Agreement and Certification of Rates and Ordinances. * * * * * * 80 The foregoing resolution was introduced and adopted at a regular meeting of the City Council held on December 1st, 2015, by the following vote: AYES: NOES: ABSENT: DATED: ATTEST: (s) (s) (Printed Name & Title) (Signature) 81 -1- RESOLUTION NO.__________ A Resolution Authorizing the Examination of Prepaid Mobile Telephony Services Surcharge and Local Charge Records WHEREAS, pursuant to Ordinance No., ___________ of the City of _______________ and the Local Prepaid Mobile Telephony Services Collection Act, the City of _________________, hereinafter called Local Jurisdiction, entered into a contract with the State Board of Equalization, hereafter referred to as the Board, to perform all functions incident to the administration and collection of the prepaid mobile telephony services surcharge and local charges (Rev. & Tax. Code, § 42101.5); and WHEREAS, the Local Jurisdiction deems it desirable and necessary for authorized representatives of the Local Jurisdiction to examine confidential prepaid mobile telephony services surcharge and local charge records pertaining to the prepaid mobile telephony services surcharge and local charges collected by the Board for the Local Jurisdiction pursuant to that contract; WHEREAS, the Board will make available to the Local Jurisdiction any information that is reasonably available to the Board regarding the proper collection and remittance of a local charge of the Local Jurisdiction by a seller, including a direct seller, subject to the confidentiality requirements of Sections 7284.6, 7284.7 and 19542 of the Revenue and Taxation Code; and WHEREAS, Sections 42110 and 42103 of the Revenue and Taxation Code sets forth certain requirements and conditions for the disclosure of Board of Equalization records and establishes criminal penalties for the unlawful disclosure of information contained in or derived from the prepaid mobile telephony services surcharge and local charge records of the Board; NOW, THEREFORE IT IS RESOLVED AND ORDERED AS FOLLOWS: Section 1. That the _______________________ or other officer or employee of the Local Jurisdiction (Title(s) of authorized position(s)) designated in writing by the _______________________ to the Board is hereby appointed to represent (Title(s) of position(s) authorized to Designate) the Local Jurisdiction with authority to examine prepaid mobile telephony services surcharge and local charge records of the Board pertaining to prepaid mobile telephony services surcharge and local charges collected for the Local Jurisdiction by the Board pursuant to the contract between the Local Jurisdiction and the Board. The information obtained by examination of Board records shall be used only for purposes related to the collection of the Local Jurisdiction’s prepaid mobile telephony services surcharge and local charges by the Board pursuant to the contract. Section 2. That the _______________________ or other officer or employee of the Local Jurisdiction (Title(s) of authorized position(s)) designated in writing by the _______________________ to the Board is hereby appointed to represent (Title(s) of position(s) authorized to Designate) the Local Jurisdiction with authority to examine those prepaid mobile telephony services surcharge and local charge records of the Board for purposes related to the following governmental functions of the Local Jurisdiction: a)_______________________________________________ b)_______________________________________________ c)_______________________________________________ 82 -2- The information obtained by examination of Board records shall be used only for those governmental functions of the Local Jurisdiction listed above. Section 3. That ________________________________ is hereby designated to examine the prepaid (Firm or consultant) mobile telephony services surcharge and local charges records of the Board of Equalization pertaining to prepaid mobile telephony services surcharge and local charges collected for the Local Jurisdiction by the Board. The person or entity designated by this section meets all of the following conditions (Rev. & Tax. Code, § 42110, subd. (b)(2)): a)has an existing contract with the Local Jurisdiction that authorizes the person to examine the prepaid mobile telephony services surcharge and local charge records; b)is required by that contract with the Local Jurisdiction to disclose information contained in or derived from, those records only to an officer or employee of the Local Jurisdiction authorized by the resolution to examine the information; c)is prohibited by that contract from performing consulting services for a seller during the term of that contract; d)is prohibited by that contract from retaining information contained in, or derived from, those prepaid mobile telephony services surcharge and local charge records, after that contract has expired. The contract between the Local Jurisdiction and ________________________ designated by the Local (Firm or consultant) Jurisdiction to request information from the Board shall be subject to the following limitations (Rev. & Tax. Code, § 42103, subd. (g)): a)____________________________ shall, to the same extent as the Board, be subject to Section(Firm or consultant) 55381, relating to unlawful disclosures. b)the contract between the Local Jurisdiction and ______________________ shall not provide, in(Firm or consultant) whole or in part, in any manner a contingent fee arrangement as payment for services rendered. BE IT FURTHER RESOLVED THAT the information obtained by examination of the Board records shall only be used for purposes related to the collection of the Local Jurisdiction’s prepaid mobile telephony services surcharge and local charges by the Board pursuant to the contract between the Local Jurisdiction and Board, or for purposes related to other governmental functions of the Local Jurisdiction, as identified above in section 2. Introduced, approved and adopted this _______________ day of ________________________, 20___. __________________________________________________________________________________ (Printed name & title) (Attest) __________________________________________________________________________________ (Signature) (Date) resolutionmts Rev. 07/15 83 1 Local Jurisdiction ______________ AGREEMENT FOR STATE COLLECTION AND ADMINISTRATION OF LOCAL CHARGES This Agreement is for the purpose of implementing the Local Prepaid Mobile Telephony Services Collection Act (Part 21.1, commencing with Section 42100) of Division 2 of the Revenue and Taxation Code), hereinafter referred to as the Local Charge Act. The ____________________________ and the State Board of Equalization, hereinafter called Insert name of local jurisdiction the Board, do agree as follows: ARTICLE I DEFINITIONS Unless the context requires otherwise, wherever the following terms appear in this Agreement they shall be interpreted to mean the following: A. “Administrative Expenses” means all expenses incurred by the Board in the administration and collection of the local charges, including preparation and wind down costs which are reimbursable to the Board from the revenues collected by the Board on behalf of the local jurisdiction. B. “Contingent Fee” includes, but is not limited to, a fee that is based on a percentage of the tax liability reported on a return, a fee that is based on a percentage of the taxes owed, or a fee that depends on the specific tax result attained. C. “Direct Seller” means a prepaid Mobile Telephony Service (MTS) provider or service supplier, as defined in section 41007, that makes a sale of prepaid mobile telephony services directly to a prepaid consumer for any purpose other than resale in the regular course of business. A direct seller includes, but is not limited to, a telephone corporation, a person that provides an interconnected Voice over Internet Protocol (VoIP) service, and a retailer as described in section 42004(b)(1). D. “Local Charges” means a utility user tax imposed on the consumption of prepaid mobile telephony services, as described in section 42102, and charges for access to communication services or to local “911” emergency telephone systems imposed by a local jurisdiction, as described in section 42102.5. E. “Local Jurisdiction” or “local agency” means a city, county, or city and county, which includes a charter city, county, or city and county of this State, which has adopted an ordinance imposing a local charge of the kind described in Part 21.1 of Division 2 of the Revenue and Taxation Code and has entered into a contract with the Board to perform all functions incident to the collection of the local charges. F. “Ordinance” means an ordinance of a local jurisdiction imposing a local charge, including any local enactment relating to the filing of a refund or a claim arising under the ordinance, attached hereto, as amended from time to time. 84 2 G. “Quarterly local charges” means the total amount of local charges transmitted by the Board to a local jurisdiction for a calendar quarter, as set forth in section 42106(a)(1). H. “Refund” means the amount of local charges deducted by the Board from a local jurisdiction’s quarterly local charges in order to pay that jurisdiction’s share of a local charge refund due to one taxpayer. I. “Section” – all section references are to the Revenue and Taxation Code. J. “Seller” means a person that sells prepaid mobile telephony service to a person in a retail transaction. ARTICLE II BOARD ADMINISTRATION AND COLLECTION OF LOCAL CHARGES A. Administration. The Board and the local jurisdiction agree that the Board shall perform functions incident to the collection of the local charges from sellers that are not direct sellers. B. Collection. The Board shall collect the local charges in the same manner as it collects the prepaid MTS Surcharge in the Prepaid Mobile Telephony Services Surcharge Collection Act, subject to specified limitations in the Local Charge Act for which the local jurisdiction is responsible, as set forth in Article III of this Agreement. C. Audits. The Board’s audit duties shall be limited to verification that the seller that is not a direct seller complied with the Local Charge Act. D. Other applicable laws. The Board and the local jurisdiction agree that all provisions of law applicable to the administration and operation of the Local Charge Act, Prepaid Mobile Telephony Services Surcharge Collection Act, and the Fee Collection Procedures Law (FCPL) shall be applicable to the collection of local charges. References in the FCPL to feepayer include a person required to pay the local charge, including the seller. All future amendments to applicable laws are automatically incorporated into this Agreement. E. Deposit of Local Charges. All local charges collected by the Board shall be deposited in the Local Charges for Prepaid Mobile Telephony Services Fund in the State Treasury to be held in trust for the local taxing jurisdiction. Local charges shall consist of all taxes, charges, interest, penalties, and other amounts collected and paid to the Board, less payments for refunds and reimbursement to the Board for expenses incurred in the administration and collection of the local charges, including preparation and wind- down costs. F. Allocation of Expenses. The Board shall allocate the total combined annual expenses incurred for administration and collection pursuant to the Prepaid Mobile Telephony Services Surcharge Collection Act and the Local Charge Act on a pro rata basis according to revenues collected for: (1) the emergency telephone users surcharge portion of the prepaid MTS surcharge, (2) the Public Utilities Commission surcharges 85 3 portion of the prepaid MTS surcharge, and (3) local charges. The Board shall charge a local jurisdiction its pro rata share of the Board’s cost of collection and administration. G. Transmittal of money. All local charges collected by the Board shall be transmitted to the local jurisdiction once in each calendar quarter. Transmittals may be made by mail or by deposit to the account of the local jurisdiction in a bank designated by that jurisdiction. The Board shall furnish a statement quarterly indicating the amounts paid and withheld for expenses of the Board. H. Rules. The Board shall prescribe and adopt such rules and regulations as in its judgment are necessary or desirable for the administration and collection of local charges and the distribution of the local charges collected. I. Security. The Board agrees that any security which it hereafter requires to be furnished under the FCPL section 55022 will be upon such terms that it also will be available for the payment of the claims of the local jurisdiction for local taxes owing to it as its interest appears. The Board shall not be required to change the terms of any security now held by it, and the local jurisdiction shall not participate in any security now held by the Board. J. Records of the Board. 1. Information obtained by the local jurisdiction from the examination of the Board’s records shall be used by the local jurisdiction only for purposes related to the collection of the prepaid mobile telephony services surcharge and local charges by the Board pursuant to this Agreement. 2. When requested by resolution of the legislative body of a local jurisdiction, the Board shall permit any duly authorized officer or employee or other person designated by that resolution to examine any information for its own jurisdiction that is reasonably available to the Board regarding the proper collection and remittance of a local charge of the local jurisdiction by a seller, including a direct seller, subject to the confidentiality requirements of sections 7284.6, 7284.7 and 19542. (sections 42110(b), 42103(e).). 3. The resolution of the local jurisdiction shall certify that any person designated by the resolution, other than an officer and an employee, meets all of the following conditions: a. Has an existing contract with the local jurisdiction that authorizes the person to examine the prepaid MTS surcharge and local charge records. b. Is required by that contract with the local jurisdiction to disclose information contained in or derived from, those records only to an officer or employee of the local jurisdiction authorized by the resolution to examine the information. c. Is prohibited by that contract from performing consulting services for a seller during the term of that contract. d. Is prohibited by that contract from retaining information contained in, or derived from, those prepaid MTS surcharge and local charge records, after that contract has expired. 86 4 4. Any third party contract between the local jurisdiction and an entity or person authorized by the local jurisdiction to request information from the Board shall be subject to the following limitations: a. Any third party shall, to the same extent as the Board, be subject to Section 55381, relating to unlawful disclosures. b. A third party contract shall not provide, in whole or in part, in any manner a contingent fee arrangement as payment for services rendered. 5. Information obtained by examination of Board records shall be used only for purposes related to the collection of the prepaid MTS surcharge and local charges by the board pursuant to the contract, or for purposes related to other governmental functions of the local jurisdiction set forth in the resolution. 6. If the Board believes that any information obtained from the Board’s records related to the collection of the prepaid MTS surcharge and local charges has been disclosed to any person not authorized or designated by the resolution of the local jurisdiction, or has been used for purposes not permitted by section 42110(b), the board may impose conditions on access to its local charge records that the board considers reasonable, in order to protect the confidentiality of those records. (section 42110 (c).) 7. The costs incurred by the Board in complying with a request for information shall be deducted by the Board from those revenues collected by the Board on behalf of the local jurisdiction making the request, as authorized by section 42110(b)(1). ARTICLE III LOCAL JURISDICTION ADMINISTRATION AND RESPONSIBILITIES A. The local jurisdictions shall be solely responsible for all of the following: 1. Defending any claim regarding the validity of the ordinance in its application to prepaid mobile telephony service. The claim shall be processed in accordance with the provisions of the local ordinance that allows the claim to be filed. 2. Interpreting any provision of the ordinance, except to the extent specifically superseded by section 42105 of the Local Charge Act. The claim shall be processed in accordance with the provisions of the local enactment that allows the claim to be filed. 3. Responding to specified consumer claims for refund involving: (1) rebutting the presumed location of the retail transaction; (2) a consumer claim of exemption from the local charge under the ordinance; or (3) any action or claim challenging the validity of a local tax ordinance, in whole or part. The claim shall be processed in accordance with the provisions of the local enactment that allows the claim to be filed. 4. Refunding the taxes in the event a local jurisdiction or local government is ordered to refund the tax under the local ordinance. 87 5 5. Reallocating local charges as a result of correcting errors relating to the location of the point of sale of a seller or the known address of a consumer, for up to two past quarters from the date of knowledge. 6. Collecting local charges on prepaid mobile telephony service and access to communication services or access to local 911 emergency telephone systems imposed on direct sellers. 7. Enforcement, including audits, of the collection and remittance of local charges by direct sellers pursuant to the ordinance. 8. The local jurisdiction shall be the sole necessary party defendant on whose behalf the local charge is collected in any action seeking to enjoin collection of a local charge by a seller, in any action seeking declaratory relief concerning a local charge, in any action seeking a refund of a local charge, or in any action seeking to otherwise invalidate a local charge. There shall be no recovery from the State for the imposition of any unconstitutional or otherwise invalid local charge that is collected under the Local Act. 9. Entering into an agreement with the Board to perform the functions incident to the collection of the local charges imposed on sellers that are not direct sellers. 10. Submitting an executed Certification to the Board, certifying that: (a) the local jurisdiction’s ordinance applies the local charge to prepaid mobile telephony services; (b) the amount of the rate charged for access to local 911 emergency telephone systems or access to communications services complies with the requirements of section 42102.5; and/or applies the tiered rate for the utility user tax, as identified in section 42102. (c) The local jurisdiction shall further certify that it agrees to indemnify and to hold harmless the Board, its officers, agents, and employees for any and all liability for damages that may result from the Board’s collection pursuant to this Agreement. 11. Submitting signed documents to the Board to include agreement(s), certification, copy of ordinance(s), and resolution(s). 12. Providing payment to the Board of the local jurisdiction’s pro rata share of the Board’s cost of collection and administration as established pursuant to subdivision (e) of section 42020. 88 6 ARTICLE IV LOCAL CHARGES A. Local Charges – Timeliness – This part shall remain in effect until proposed California Code of Regulations, title 18, section 2460 is adopted by the Board and approved by the Office of Administrative Law. 1. Ordinances in effect as of September 1, 2015. On or after January 1, 2016, a local charge imposed by a local jurisdiction on prepaid mobile telephony services shall be collected from the prepaid consumer by a seller at the same time and in the same manner as the prepaid MTS surcharge is collected under Part 21 (commencing with section 42001) provided that, on or before September 1, 2015, the local jurisdiction enters into a contract with the Board pursuant to section 42101.5. Thereafter, all subsequently enacted local charges, increases to local charges, or other changes thereto, shall become operative pursuant to paragraphs (2), (3), and (4). 2. New charges. When a local jurisdiction adopts a new local charge after September 1, 2015, the local jurisdiction shall enter into a contract with the Board, pursuant to section 42101.5, on or before December 1st, with collection of the local charge to commence April 1st of the next calendar year. 3. Increases in local charges. When a local jurisdiction increases an existing local charge after September 1, 2015, the local jurisdiction shall provide the Board written notice of the increase, on or before December 1st, with collection of the local charge to commence April 1st of the next calendar year. 4. Inaccurate rate posted on the Board’s website. When a local jurisdiction notifies the Board in writing that the rate posted on the Board’s Internet Web site (posted rate) for a local charge imposed by that local jurisdiction is inaccurate, including scenarios where the local charge was reduced or eliminated, the recalculated rate applicable to the local jurisdiction shall become operative on the first day of the calendar quarter commencing more than 60 days from the date the Board receives the local jurisdiction’s written notification that the posted rate is inaccurate. A. Local Charges – Timeliness – This part shall take effect and supersede the above “Local Charges – Timeliness section when California Code of Regulations, title 18, section 2460 is adopted by the Board and approved by the Office of Administrative Law. 1. Ordinances in effect as of September 1, 2015. On or after January 1, 2016, a local charge imposed by a local jurisdiction on prepaid mobile telephony services shall be collected from the prepaid consumer by a seller at the same time and in the same manner as the prepaid MTS surcharge is collected under Part 21 (commencing with section 42001) provided that, on or before September 1, 2015, the local jurisdiction enters into a contract with the Board pursuant to section 42101.5. In the event a local jurisdiction does not enter into a contract with the Board by September 1, 2015, the local jurisdiction may enter into a contract with the Board, pursuant to section 42101.5, on or before December 1st, with collection of the local charge to commence April 1st of the next calendar year. Thereafter, all subsequently 89 7 enacted local charges, increases to local charges, or other changes thereto, shall become operative pursuant to paragraphs (2), (3), (4) and (5) of this subdivision. 2. New charges. When a local jurisdiction adopts a new local charge after September 1, 2015, the local jurisdiction shall enter into a contract with the Board, pursuant to section 42101.5, on or before December 1st, with collection of the local charge to commence April 1st of the next calendar year. 3. Increases in local charges. When a local jurisdiction increases an existing local charge after September 1, 2015, the local jurisdiction shall provide the Board written notice of the increase, on or before December 1st, with collection of the local charge to commence April 1st of the next calendar year. 4. Advance written notification. When a local charge is about to expire or decrease in rate, the local jurisdiction imposing the local charge shall notify the Board in writing of the upcoming change, not less than 110 days prior to the date the local charge is scheduled to expire or decrease. The change shall become operative on the first day of the calendar quarter commencing after the specified date of expiration or decrease in rate. If advance written notice is provided less than 110 days prior to the specified date of expiration or decrease in rate, the change shall become operative on the first day of the calendar quarter commencing more than 60 days after the specified date of expiration or decrease. 5. Inaccurate Rate Posted on the Board’s Web site. When a local jurisdiction notifies the Board in writing that the rate posted on the Board’s Internet Web site (posted rate) for a local charge imposed by that local jurisdiction is inaccurate, including scenarios where the local charge was reduced or eliminated and the local jurisdiction failed to provide advance written notice pursuant to paragraph 4 of this subdivision, the recalculated rate applicable to the local jurisdiction shall become operative on the first day of the calendar quarter commencing more than 60 days from the date the Board receives the local jurisdiction’s written notification that the posted rate is inaccurate. The local jurisdiction shall promptly notify the Board in writing of any such discrepancies with the posted rate that are known or discovered by the local jurisdiction. ARTICLE V COMPENSATION The local jurisdiction agrees to pay the Board its pro rata share of the Board’s cost of collection and administration of the local charges, as established pursuant to section 42020, subdivision (e). Such amounts shall be deducted from the local charges collected by the Board for the local jurisdiction. ARTICLE VI MISCELLANEOUS PROVISIONS A. Communications. Communications and notices may be sent by first-class United States Mail. A notification is complete when deposited in the mail. Communications and notices to be sent to the Board shall be addressed to: 90 8 State Board of Equalization P.O. Box 942879 MIC: 27 Sacramento, California 94279-0001 Attention: Supervisor, Local Revenue Allocation Unit Communications and notices to be sent to the local jurisdiction shall be addressed to: B. Term. The date of this Agreement is the date on which it is approved by the Department of General Services. The Agreement shall take effect on the first day of the calendar quarter next succeeding the date of such approval, but in no case before the operative date of the local jurisdiction’s ordinance, nor on a day other than the first day of a calendar quarter. This Agreement shall be renewed automatically from year to year until January 1, 2020, when the Local Charge Act is repealed, unless a statute enacted prior to that date extends that date. In such event, this Agreement will continue to renew automatically from year to year to the date authorized by statute. STATE BOARD OF EQUALIZATION By_____________________________ Administrator, Return Analysis and Allocation Section LOCAL JURISDICTION_________________ By_____________________________ (Signature on this line) _______________________________ (Type name here) _______________________________ (Type title here) 91 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1234 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/19/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Letter to President Obama expressing support for the Clean Power Plan and transitioningU.S. energy consumption to 100% renewable by 2050. Sponsors: Indexes: Code sections: Attachments:Staff Report A - Letter of Support Action ByDate Action ResultVer. City Council12/1/20151 Subject:LettertoPresidentObamaexpressingsupportfortheCleanPowerPlanand transitioning U.S. energy consumption to 100% renewable by 2050. AuthorizetheMayortosignalettertoPresidentObamainsupportoftheCleanPowerPlanand transitioning the nation’s energy consumption to be 100% renewable by 2050. CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™92 1 OFFICE OF THE CITY MANAGER SUSTAINABILITY DIVISION CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-7603 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Letter to President Obama expressing support for the Clean Power Plan and transitioning U.S. energy consumption to 100% renewable by 2050. Recommended Action Authorize the Mayor to sign a letter to President Obama in support of the Clean Power Plan and transitioning the nation’s energy consumption to be 100% renewable by 2050. Description With the climate talks convening in Paris at the United Nations’ 21st Session of the Conference of Parties (COP21) on December 4, a bipartisan group of local and state elected officials across the country are writing a letter to support the nation's Clean Power Plan with the goal of transitioning America to 100% clean energy by 2050. This presents a rare and meaningful opportunity to show a commitment to climate protection and so the Mayors Innovation Project is asking for cities to send letters of support to President Obama on the Clean Power Plan. Other partners include the Young Elected Officials Network, Local Progress, State Innovation Exchange, Advanced Energy Economy, and the White House. The Mayors Innovation Project aiming for elected officials from all 50 states and to sign on. Sustainability Impact The U.S. Clean Power Plan aligns with varied goals related to the implementation of the City’s Climate Action Plan (CAP) and General Plan Environmental Resources/ Sustainability Element. The City of Cupertino is working to implement its Climate Action Plan and reduce GHG emissions by 15% below 2010 levels by the year 2020. Working to increase renewable energy is one of the most significant ways to reduce GHG in the City’s energy sector. Through the implementation of Measure C-E-5, the CAP envisions expansion of this capacity by 1.5MW in the residential and commercial sectors by 2020 and 5.0MW by 2035. Also, through its partnership in the Silicon Valley Clean Energy Partnership, Cupertino is leading an effort to explore Community Choice Aggregation in Santa Clara County, allowing the community to procure its own sources of clean renewable energy at competitive rates. 93 2 Fiscal Impact There are no direct financial impacts to writing a letter of support for the Clean Power Plan. _____________________________________ Prepared by: Misty Mersich, Sustainability Coordinator Approved for Submission by: Erin Cooke, Assistant to the City Manager & Sustainability Manager Attachments: A. Draft Support Letter 94 OFFICE OF THE MAYOR CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3200 www.cupertino.org President Barak Obama The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 December 1, 2015 Dear President Obama, We, the undersigned local and state elected officials, strongly support the goal to achieve more than 50 percent clean energy by 2030, putting us on the path to 100 percent clean energy sources by 2050. This is a necessary and achievable goal. With the implementation of the Clean Power Plan, the EPA estimates that the United States will increase our current generation of clean energy by 30 percent. This means we are already on track to generate 43 percent clean energy by 2030 by effectively implementing the Obama Administration’s policies. We appreciate the administration’s leadership supporting clean energy—and with additional leadership at the federal, state, and local levels, our country will successfully reach the 50 percent by 2030 goal. Clean energy is an American success story. It is one of the fastest growing economic sectors in the United States and already provides 360,000 jobs. The solar industry alone employs 143,000 people—more individuals than work in coal mines—and grew 20 percent in 2014. Last year a new solar project was installed every 2.5 minutes. Transitioning to clean energy isn’t just the smart choice for growing our economy—it keeps our families healthy. According to the American Lung Association, almost half of Americans live in places where pollution levels are too often dangerous to breathe. By transitioning to clean energy, we can clear the air and reduce the health risks of pollution. The time to act is now. Fourteen of the 15 warmest years on record have all occurred since 2000, and 2014 was the warmest ever recorded. Our communities are already feeling the growing costs of increased number of extreme weather events, such as hurricanes, droughts, and flooding. According to NOAA, the frequency of billion- dollar storm-related disasters has increased five percent each year since 1980. In Paris, the United States and our global partners will offer concrete targets for reducing greenhouse gas emissions to prevent the most devastating impacts of climate change. However, true success in Paris—and in the days, weeks and months that follow—will come down to America’s willingness to build on the momentum from the UN talks and continue to lead the world by implementing clean energy solutions. States, cities and 95 businesses are already paving the way with clean energy solutions that are substantially and cost-effectively transitioning our country away from dirty fossil fuels and towards clean sources like wind and solar. As leaders responsible for America’s present and future prosperity, we must protect our communities from the dangers of climate change. To ensure our economic prosperity, to protect our health and children, and to ensure our security and safety, we need to act now to transition our country to more than 50 percent clean energy by 2030. Mayors Statement: The City of Cupertino is in the heart of Silicon Valley, and has been an influential leader in advancing innovative approaches to mitigate climate change, including active pursuits of energy independence, as detailed on our agency’s Climate Action Plan (www.cupertino.org/green). Most recently our City has been leading the effort to establish a partnership with four other local governments to bring Community Choice Aggregation to Santa Clara County, through the Silicon Valley Community Choice Energy Partnership (www.svcleanenergy.org). The Partnership is looking to increase our local control of energy sources and increase our percentage of renewable energy at a faster rate then what is currently being accomplished by Investor Owned Utilities in the State, while maintaining competitive rates. With your continued leadership at the federal level, clean energy can be a possibility for all Americans, protecting our nation’s future generations from the impacts of climate change and ensuring a more secure and cleaner future. Very Respectfully, Mayor Rod Sinks, City of Cupertino 96 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1235 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/19/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Participate in the Compact of Mayors by sending a letter of commitment to the Compact ofMayors Secretariat. Sponsors: Indexes: Code sections: Attachments:Staff Report A - Letter of Intent Action ByDate Action ResultVer. City Council12/1/20151 Subject:ParticipateintheCompactofMayorsbysendingaletterofcommitmenttothe Compact of Mayors Secretariat. AuthorizetheMayortosigntheletterofcommitmenttotheCompactofMayors,joining coalitionsofmayorsandcityofficialsworldwidecommittingtoreducelocalgreenhousegas emissions and enhance resilience to climate change. CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™97 1 OFFICE OF THE CITY MANAGER SUSTAINABILITY DIVISION CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-7603 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Participate in the Compact of Mayors by sending a letter of commitment to the Compact of Mayors Secretariat. Recommended Action Authorize the Mayor to sign the letter of commitment to the Compact of Mayors, joining coalitions of mayors and city officials worldwide committing to reduce local greenhouse gas emissions and enhance resilience to climate change. Description The Compact of Mayors is a global coalition of mayors and city officials committing to reduce local greenhouse gas emissions, enhance resilience to climate change and track their progress publicly. It is a voluntary agreement among cities to respond to climate change in a consistent and complementary manner to national efforts. Like Cupertino, many cities around the world are already acting to prepare and adapt to climate change but their progress frequently goes unrecognized and is not measured or reported consistently, so the Compact can help with this. The Mayors Climate Compact was originally launched as the US Mayors Climate Protection Agreement in 2005, which was an initiative to advance the goals of the Kyoto Protocol through leadership and action by at least 141 American cities. The Kyoto Protocol was an international treaty, which extends the 1992 United Nations Framework Convention on Climate Change that commits State Parties to reduce greenhouse gas emissions, based on the premise that global warming exists and man- made CO2 emissions have caused it. Cupertino was among the list of cities that signed this initial U.S. Mayors Climate Protection agreement in 2009 and has since been a leader in pushing strong environmental sustainability goals and policy. Including, conducting a 2005 baseline GHG inventory, 2010 GHG inventory update and adopting the City’s Climate Action Plan (CAP) in January 2015. 98 2 Since the initial agreement, climate science and universal knowledge about the threat and impacts of climate change have evolved and are now seen as a major global threat. The Compact of Mayors is a new international initiative started in 2014 which gives cities the opportunity to be recognized as leaders in local climate change. The Compact of Mayors was launched by a partnership of C40 Cities Climate Leadership Group (C40), ICLEI – Local Governments for Sustainability (ICLEI) and the United Cities and Local Governments (UCLG) –with support from UN-Habitat. The Compact establishes a common platform to capture the impact of cities’ collective actions through standardized measurement of emissions and climate risk, and consistent, public reporting of their efforts. This month, in Paris, the United Nations will hold its 21st annual Conference of the Parties (COP 21), with the aim of achieving a universal agreement on climate among nation states. The Compact represents the greatest opportunity to bring attention to and quantify city action both in the lead-up to the Paris climate talks and beyond. The Compact will collect significant climate action data that cities are already developing and quantify the action that cities are taking collectively to reduce their contributions to climate change while becoming more resilient to its effects. The Compact requires the City to a specific course of action, many of which the City has already completed: 1. Take inventory. Within one year, undertake an assessment of the current impacts of climate change through a.) A city-wide inventory of greenhouse gas emissions for buildings and transport sectors, b.) The identification of climate hazards, and c.) a report on both 2. Create reduction targets and establish a system of measurement: Within two years, the City must update its inventory to include a breakdown of emissions for the waste sector; set a target to reduce its greenhouse gas emission; conduct a climate change vulnerability assessment consistent with the Compact guidelines; and report the results publicly. 3. Establish an action plan: Within three years, a city’s strategic plan must show how it will deliver on its commitment to reduce greenhouse gas emissions and adapt to climate change. The City has already taken many actions over the years to address climate change and therefore will be able to submit proof of completion of many these requirements along with our initial application. One example is the City conducted greenhouse gas inventories with 2005 and 2010 data, which includes a breakdown of emissions for energy, transportation, water and waste sectors. Additionally, the Climate Action Plan was adopted in January 2015, which outlines over 200 strategies the City will take to 99 3 reduce GHG and includes a chapter on climate adaptation and hazards. City staff has also been involved with the county-wide climate hazards and adaption effort, Silicon Valley 2.0 through its technical advisory committee. Sustainability Impact Participation in the Compact of Mayors aligns with the goals related to the implementation of the City’s CAP and General Plan Environmental Resources/ Sustainability Element. Through the CAP the City has set ambitious GHG targets, and committed to continuing to monitoring progress and conducting regular GHG inventory updates. Specifically, the CAP outlines the path to reduce greenhouse gases by 95,661 MT CO2e by the year 2020 to meet our target of 15% below 2010 baseline year by 2020 through the implementation of GHG measures. Fiscal Impact There is no direct financial impacts to joining the Compact of Mayors. Complying with the compact requires tasks that the agency’s new Sustainability Coordinator will be already doing as a part of the City’s Climate Action Plan implementation and reporting. _____________________________________ Prepared by: Misty Mersich, Sustainability Coordinator Approved for Submission by: Erin M. Cooke, Assistant to the City Manager & Sustainability Manager Attachments: A. Draft Compact of Mayors Letter of Intent 100 OFFICE OF THE MAYOR CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3200 www.cupertino.org December 1, 2015 Dear Compact of Mayors Secretariat, I hereby declare the intent of the City of Cupertino to comply with the Compact of Mayors, the world’s largest cooperative effort among mayors and city leaders to reduce greenhouse gas emissions, track progress, and prepare for the impacts of climate change worldwide. The Compact of Mayors has defined a series of requirements that cities are expected to meet over time, many of which Cupertino has already completed and we would be happy to publically report and share our stage of development on the pathway to compliance with the Compact. I commit to advancing the City of Cupertino along the stages of the Compact, with the goal of becoming fully compliant with all the requirements within three years. Specifically, I pledge to publicly report. Our plan to address climate change mitigation and adaptation within three years of less, which includes the following:  The greenhouse gas emissions inventory for our City was completed in 2010 using the US Community Protocol which is consistent with the Global Protocol for Community- Scale Greenhouse Gas Emission Inventory  Our Climate Action Plan, which was adopted in January 2015 and includes 225 Community-wide and Municipal measures  The climate hazards and vulnerabilities faced by our city, as outlined in the regional project Silicon Valley 2.0  Our target to reduce greenhouse gas emissions 15% below 2010 baseline by the year 2020, 19% below 2010 baseline by 2035 and 83% below 2010 baseline by 2050 Sincerely, Mayor Rod Sinks, City of Cupertino 101 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1236 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/19/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Participation in the Institute for Local Government’s Beacon Award: Local Leadership towardSolving Climate Change Recognition Program Sponsors: Indexes: Code sections: Attachments:Staff Report A - Resolution Action ByDate Action ResultVer. City Council12/1/20151 Subject: Participation in the Institute for Local Government’s Beacon Award: Local Leadership toward Solving Climate Change Recognition Program AdoptResolution15-110supportingtheCity’sparticipationintheInstituteforLocal Government’sBeaconAward:LocalLeadershiptowardSolvingClimateChangeRecognition Program. CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™102 1 OFFICE OF THE CITY MANAGER SUSTAINABILITY DIVISION CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-7603 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Participation in the Institute for Local Government’s Beacon Award: Local Leadership toward Solving Climate Change Recognition Program Recommended Action Adopt Resolution 15-110 supporting the City’s participation in the Institute for Local Government’s Beacon Award: Local Leadership toward Solving Climate Change Recognition Program. Description The Beacon Award, an initiative of the Institute for Local Government (ILG), recognizes and celebrates local governments that reduce greenhouse gas emissions (GHG) and energy use; adopts policies and launches programs to address climate change; and promotes community-wide sustainability. The ILG is a non-profit research and education affiliate of the League of California Cities and the California State Association of Counties. The Beacon Award is funded by California utility ratepayers and is administered by multiple utilities including PG&E, under the auspices of the California Public Utilities Commission. In order to participate in the Beacon Award, the City must complete a simple application and adopt a resolution to participate in the program; prepare or commit to prepare a GHG inventory for city facilities and the community as a whole; prepare or commit to prepare a climate action plan; and achieve measureable greenhouse gas reductions and energy savings in agency facilities and community-wide. The City has already taken actions over the years to address climate change and will be able to submit proof of completion for many these requirements soon after applying for the Award. Examples of the City’s Beacon Award-aligned efforts include; conducting greenhouse gas inventories in the energy, transportation, water and waste sectors for 2005 and 2010. Additionally, the City’s Climate Action Plan (CAP), adopted in January 2015, outlines over 200 strategies Cupertino will take to reduce GHG and includes a chapter on climate adaptation and hazards, a priority of the Beacon Award program. 103 2 City staff has also been involved in regional climate change mitigation and adaptation efforts including serving on the Joint Venture Silicon Valley Public Sector Climate Task Force and the Technical Advisory Committee of Silicon Valley 2.0, the county-wide climate hazards and adaption project. Cupertino is well-positioned to participate in the Beacon Award to be recognized and showcase its leadership in environmental sustainability. The Council has demonstrated its commitment to climate action and sustainability through the adoption of the Sustainability Element in the General Plan and the Climate Action Plan. To date, Cupertino has many sustainability and climate related initiatives that deserve recognition. These include but are not limited to, an award-winning Green Biz program, successfully installing public electric vehicle charging stations; and current efforts to explore Community Choice Energy through the Silicon Valley Community Choice Energy Partnership. The City also recently expanded the Sustainability Division to hire a Utility & Efficiency Analyst, tasked with municipal water and energy data tracking and efficiency, and Sustainability Coordinator, tasked with implementing and tracking emissions reductions and progress of the CAP, which will align with Beacon Award requirements. Participating cities and counties will be recognized with the Silver, Gold or Platinum Beacon Award for achieving specific measurable GHG reductions, energy savings and implementing best practices areas across ILG-defined categories such as Green Building and Efficient Transportation, which align well with the City’s CAP sectors. The Silver Beacon Award requires a demonstrated 5 percent reduction in agency and community greenhouse gas emissions; the Gold Beacon Award requires a 10 percent reduction for each; and the Platinum Beacon Award requires a 20 percent reduction. Participating cities and counties must also demonstrate actions taken to save energy and implement each of the ten best practice areas. There is no deadline or timeline for meeting award level criteria; awards will be given out on an ongoing basis. Participants will be asked to provide updates on their efforts to reduce greenhouse gas emissions and progress in undertaking the best practice areas, GHG inventory, and climate action plan. ILG will highlight participants’ accomplishments and offer appropriate and visible recognition and tributes. Additional detailed information about the program can be found at www.ca-ilg.org/BeaconAward. Sustainability Impact Participating in the Beacon Award program will increase the visibility of the City’s climate leadership within our region and statewide. It is a great opportunity to showcase our agency’s existing efforts to promote environmental leadership and sustainability while working towards the award level targets. Cupertino has been a leader with the adoption of the General Plan Environmental Resources/ Sustainability Element and Climate Action Plan and this additional recognition at the State level will be very valuable in helping to achieve our overall CAP goals and reduce GHG. 104 3 Fiscal Impact Program participation is voluntary. Participating in the program may help the City increase competitiveness for future grant funding for implementation of the agency’s Climate Action Plan. The Beacon Award is designed to supplement and piggyback on existing efforts to reduce greenhouse gas emissions. Upon gaining Council support, the Mayor will sign and send the letter to be considered as a Beacon Award participant to participate. Staff will work towards achieving the award levels at our own pace. There is no deadline or timeline for meeting award level criteria; awards will be given out on an ongoing basis. However, participants are asked to provide periodic information about efforts to reduce greenhouse gas emissions and save energy and as well as progress in completing a greenhouse gas inventory, climate action plan and undertaking activities in the ten best practice areas. These are all efforts that staff is already doing to implement, track and report on our own Climate Action Plan, so minimal additional staff time will be needed. _____________________________________ Prepared by: Misty Mersich, Sustainability Coordinator Approved for Submission by: Erin Cooke, Assistant to the City Manager & Sustainability Manager Attachments: A. Draft Beacon Award Resolution B. Beacon Award Information Brochure 105 RESOLUTION NO. 15-110 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO TO PARTICIPATE IN THE INSTITUTE FOR LOCAL GOVERNMENT’S BEACON AWARD: LOCAL LEADERSHIP TOWARD SOLVING CLIMATE CHANGE WHEREAS, the City of Cupertino is undertaking policies, programs and activities to reduce greenhouse gas emissions and save energy; and WHEREAS, these policies, programs and activities conserve natural resources, save energy and money, and promote sustainable land use and transportation planning in the community; and WHEREAS, cities and counties statewide are leading by example by adopting innovative sustainability programs and policies, including working with community residents, business groups and others; and WHEREAS, Cupertino continues to be a regional climate leader, offering award- winning, grant-funded, publically-recognized programs, policies and services that are sought after and modeled by adjacent communities; and WHEREAS, the City's Climate Action Plan, General Plan Sustainability Element, Green Purchasing Policy, Green Events Policy, Green Building Ordinance, Green Business Program, among others, have enabled our agency's advancement as a sustainability practitioner that gets results in the form of greenhouse gas emissions reductions, cost savings and community health & wellness benefits; and WHEREAS, Cupertino wishes to expand these activities, share its experiences with other communities, and be recognized for its accomplishments; and WHEREAS, the Beacon Award: Local Leadership Toward Solving Climate Change is a voluntary program of the Institute for Local Government, the non-profit research and education affiliate of the California State Association of Counties and the League of California Cities; and WHEREAS, the Beacon Award recognizes and celebrates achievements of cities and counties that reduce greenhouse gas emissions and save energy; and 106 WHEREAS, participating in the Beacon Award is an opportunity for Cupertino to be recognized for its efforts to promote sustainability, reduce greenhouse gas emissions and save energy; now, therefore be it NOW, THEREFORE, BE IT RESOLVED, that Cupertino City Council agrees to participate in the Beacon Award: Local Leadership Toward Solving Climate Change; BE IT FURTHER RESOLVED that the City of Cupertino will work towards achieving the Silver, Gold and/or Platinum Beacon Award levels. Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: _______________________ ________________________________ Grace Schmidt, City Clerk Rod Sinks, Mayor, City of Cupertino 107 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1205 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/3/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Declare weeds a nuisance and set hearing date of January 19 for objections to proposedremoval Sponsors: Indexes: Code sections: Attachments:Staff Report A - Draft Resolution Action ByDate Action ResultVer. City Council12/1/20151 Subject:DeclareweedsanuisanceandsethearingdateofJanuary19forobjectionsto proposed removal AdoptResolutionNo.15-112declaringweedsanuisanceandsettinghearingdateofJanuary 19 for objections to proposed removal CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™108 OFFICE OF THE CITY CLERK CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3223 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Declare weeds a nuisance and set hearing date of January 19 for objections to proposed removal. Recommended Action Adopt the Draft Resolution declaring weeds a nuisance and setting a hearing date of January 19 for objections to proposed removal. Discussion Chapter 9.08 of the Cupertino Municipal Code requires property owners to remove or destroy weeds on their property for fire protection. The weed abatement process is in place to notify the property owners of this responsibility, authorize the County to remove the weeds if the property owner doesn’t, and allow the County to recover the costs of abatement. *Please note that any fees waived by the Council will be billed to the City by the County to cover their cost of servicing the property. The process consists of eight steps that begin in November and go through August of each year. At this time the process is at Step No. 2 on the list. 1. County prepares a list of all properties that have been non-compliant in removing weeds in the last three years and provides that list to the City (Nov). 2. City Council adopts a resolution declaring weeds a nuisance and setting a hearing date to hear objections by property owners to having their name on the list (Dec). 3. County sends notice to the property owners on the list notifying them of the hearing date and explaining that they must remove weeds by the abatement deadline of April 30 or it will be done for them, and the cost of the abatement plus administrative costs assessed to their property (Dec). 109 4. City Council holds the hearing to consider objections by property owners and adopts a resolution ordering abatement (Jan). 5. County sends a courtesy letter to property owners on the list notifying them again of the abatement deadline and noting that they will work with the property owner to be sure the weeds are removed (Jan). 6. After April 30, the properties are inspected by the County to verify that weeds were removed and proceeds with abatement if the inspection fails. County makes an assessment list of all costs associated with the abatement and provides that list to the City (June-July). 7. City notifies the property owners on the assessment list notifying them of the hearing date. (July-Aug). 8. City Council holds a hearing, notes any disputes, and adopts a resolution putting a lien assessment on the properties to allow the County to recover the cost of weed abatement (July-Aug). _____________________________________ Prepared by: Kirsten Squarcia, Deputy City Clerk Reviewed by: Grace Schmidt, City Clerk Approved for Submission by: David Brandt, City Manager Attachments: A - Draft Resolution 110 RESOLUTION NO. 15- A RESOLUTION OF THE CUPERTINO CITY COUNCIL DECLARING WEEDS ON CERTAIN DESCRIBED PROPERTY TO BE A PUBLIC NUISANCE AND SETTING A HEARING FOR OBJECTIONS TO PROPOSED REMOVAL WHEREAS, weeds are growing in the City of Cupertino upon certain streets, sidewalks, highways, roads and private property; and WHEREAS, said weeds may attain such growth as to become a fire menace or which are otherwise noxious or dangerous; and WHEREAS, said weeds constitute a public nuisance; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Cupertino as follows: 1. That said weeds do now constitute a public nuisance; 2. That said nuisance exists upon all of the streets, sidewalks, highways, roads and private property more particularly described by common names or by reference to the tract, block, lot, code area, and parcel number on the report prepared by the Agricultural Commissioner and attached hereto; 3. That the 19th day of January, 2016, at the hour of 6:45 p.m., or as soon thereafter as the matter can be heard, in the Council Chamber in the Community Hall, City of Cupertino, is hereby set as the time and place where all property owners having any objections to the proposed removal of such weeds may be heard; 4. That the Agricultural Commissioner is hereby designated and ordered as the person to cause notice of the adoption of this resolution to be given in the manner and form provided in Sections 9.08.040 of the Cupertino Municipal Code. 111 Resolution No. 15- Page 2 PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 1st day of December, 2015, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: APPROVED: ______________________ ________________________________ Grace Schmidt, City Clerk Rod Sinks, Mayor, City of Cupertino 112 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1199 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:10/27/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Blackberry Farm Golf Course Maintenance Agreement, Contract Award Sponsors: Indexes: Code sections: Attachments:Staff Report A - Draft Contract Action ByDate Action ResultVer. City Council12/1/20151 Subject: Blackberry Farm Golf Course Maintenance Agreement, Contract Award AuthorizetheCityManagertoaward,negotiateandexecuteacontractwithProfessionalTurf ManagementofSanJose,Californiaintheamountof$99,600,asselectedthroughaRequest forQualificationprocess,andfurtherauthorizetheCityManagertoexecuteannualextensions tothecontractforuptofiveyearsbaseduponthepricinginthebiddocuments,subjectto appropriation CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™113 1 DEPARTMENT OF RECREATION & COMMUNITY SERVICES CITY HALL 10 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3354 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Blackberry Farm Golf Course Maintenance, Contract Award Recommended Action Authorize the City Manager to award, negotiate and execute a contract with Professional Turf Management of San Jose, California in the amount of $99,600, as selected through a Request for Qualification process, and further authorize the City Manager to execute annual extensions to the contract for up to five years based upon the pricing in the bid documents, subject to appropriation. Background Maintenance of Blackberry Farm Golf Course has been contracted since spring 2002. The current maintenance contract was bid and awarded in 2010. It had a two-year initial term, with the option for annual renewals for three more years through June 2015. The term was extended by the City Council on June 17, 2015 for an additional six months to December 31, 2015. Bid Process Bid documents for maintenance of Blackberry Farm Golf Course were prepared and issued. Notices were mailed to local plan rooms and builders exchanges, and bid documents posted on the City’s website. The project was advertised on November 7, 2015 in a newspaper with regional circulation (San Jose Mercury News). A pre-bid conference was held on November 13. On November 23, 2015, the City opened bids. One company submitted bids for this project. The following is a summary of bids, for an initial 6 months of maintenance: Bidder Bid Amount Professional Turf Management $ 99,600 The Bid Form addresses a base bid for the first 6 months of maintenance, from January to June 2016. Thereafter two more optional years of maintenance are priced on an annual basis, and structured to align with the city’s fiscal year and the annual appropriation cycle. The price bid for these two years is $205,200. Thereafter up to 114 2 three further years of maintenance could be added annually, with the fee escalated based upon the San Francisco/Oakland Consumer Price Index (CPI). Maintenance of the golf course was most recently bid in 2010. At that time, two firms submitted bids and associated qualifications information. One firm was found to be non-responsive and the proposal rejected. The second firm, Professional Turf Management, was deemed responsive and responsible, and was awarded a contract. This firm has provided continuous maintenance services at Blackberry Farm Golf Course. They have performed well at our course, especially given the condition of the golf course infrastructure and the proximity of Stevens Creek and sensitive wildlife. Discussion The request for qualification bid process was conducted in a manner consistent with applicable criteria of city ordinance, municipal code and public contracts code. This RFQ process is more appropriate than simply awarding to the lowest bidder for the following reasons:  The irrigation system at BBF Golf Course is over 50 years old and much of it is original. It uses hydraulic valves; such valves and associated parts are no longer available. Manual operation of the valves and controls is also required. Maintaining such antiquated equipment involves specialized knowledge.  There are no ‘as-built’ or record drawings of the infrastructure. The irrigation system does not provide coverage of the turf; extensive hand-watering is needed. Some areas require hand watering year round and additional areas need seasonal hand watering. The system is prone to frequent but unpredictable failures which require immediate repair. These conditions are outside the normal range or experience for golf maintenance.  BBF Golf Course is located along Stevens Creek. It is in the creek’s floodplain and drains to the creek. The creek corridor contains a variety of protected wildlife species. Presence of these species affects how the course may be maintained. Various maintenance actions that are routine in typical settings are inappropriate or prohibited in our setting. In particular, Stevens Creek hosts a year-round population of federally-threatened steelhead and is a known rearing zone for young steelhead. Certain maintenance actions can immediately adversely affect such species. The potential consequences of a poor choice by an ignorant or inexperienced maintenance firm could be dire for wildlife. The Statement of Qualifications for bidders requested information regarding the firms’ experience with old irrigation equipment similar to ours, similarly undocumented and antiquated infrastructure necessitating manual operations, and a similar wildlife setting. Based upon the bid documents received, the firm of Professional Turf Management has the appropriate experience and knowledge to provide the needed maintenance services at the golf course, in a manner that will be safe and successful. 115 3 Professional Turf Management’s qualifications were reviewed and found to be appropriate for the unique conditions at the Blackberry Farm Golf Course setting. The bid cost is deemed reasonable. The current cost to maintain the golf course is $187,280 per year, equaling $93,640 per 6 months. This amount is based upon bids received in 2010, with an adjustment the last 3 years based upon the San Francisco/Oakland CPI. Staff believes that the effort to keep the golf course properly maintained is now higher than was benchmarked in 2010. Higher effort and associated higher costs are due to continued decline in the course’s infrastructure because of its age, and extensive subsequent failures of the irrigation system necessitating increasing hand watering and manual operations, all of which increase the cost to perform maintenance. Staff recommends that Council find that the RFQ process, rather than lowest bid, is appropriate due to the unique nature of this contract, and authorize the City Manager to award, negotiate and execute the contract to Professional Turf Management as described above; and, further, authorize the City Manager to provide annual extensions to the contract for up to five years based upon the pricing in the bid documents, and subject to appropriation. Fiscal Impact Sufficient funds have been budgeted in FY 2015/16 for the proposed 6-month initial term. No additional funds are required. _____________________________________ Prepared by: Gail Seeds, Park Improvement Manager Reviewed by: Carol Atwood, Director of Recreation & Community Services Approved for Submission by: David Brandt, City Manager Attachments: A - Draft Contract 116 Page 1 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 EXHIBIT A DRAFT CONTRACT AGREEMENT BETWEEN THE CITY OF CUPERTINO AND______________ FOR BLACKBERRY FARM GOLF COURSE MAINTENANCE THIS AGREEMENT, for reference dated___________, 2015, is by and between CITY OF CUPERTINO, a municipal corporation (hereinafter referred to as "City"), and , a (California corporation, partnership, sole proprietor, individual) whose address is hereinafter called the Contractor, and is made with reference to the following: RECITALS: A. City is a municipal corporation duly organized and validly existing under the laws of the State of California with the power to carry on its business as it is now being conducted under the Constitution and the statutes of the State of California and the Cupertino Municipal Code. B. City and Contractor desire to enter into an agreement for Blackberry Farm Golf Course Maintenance, in accordance with the Technical Provisions, General and Special Conditions, and Special Environmental Conditions. NOW, THEREFORE, it is mutually agreed by and between the undersigned parties as follows: 1. TERM: The Contractor shall begin work on January 1, 2016 and continue work through June 30, 2016, and shall diligently prosecute the work. This Agreement may be renewed annually for one- year terms commencing July 1, 2016 through June 30, 2017, at the City’s sole discretion and subject to appropriation, for up to five (5) one-year terms (possible total term 5.5 years). 2. SERVICES TO BE PERFORMED: Contractor agrees, at its own cost and expense, to furnish all labor, tools, equipment, materials, except as otherwise specified, and to do all work strictly in accordance with the Scope of Work (see Exhibit A), The General and Special Conditions, Technical Provisions and Special Environmental Conditions are hereby referred to and expressly made a part hereof with the same force and effect as if the same were fully incorporated herein. 3. COMPENSATION TO CONTRACTOR: Contractor shall be compensated for services performed pursuant to this Agreement in the amount and manner set forth in Contractor's bid, which is attached hereto as Exhibit "A" and incorporated herein by this reference. Payment will be made in the same manner that claims of a like character are paid by the City, with checks drawn on the treasury of the City, to be taken from 117 Page 2 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 the fund as indicated in the city’s adopted budget. 4. TIME IS OF THE ESSENCE: Contractor and City agree that time is of the essence regarding the performance of this Agreement. 5. STANDARD OF CARE: Contractor agrees to perform all services hereunder in a manner commensurate with the prevailing standards of like professionals in the San Francisco Bay Area and agrees that all services shall be performed by qualified and experienced personnel who are not employed by the City nor have any contractual relationship with City. 6. INDEPENDENT PARTIES: City and Contractor intend that the relationship between them created by this Agreement is that of an independent contractor. The manner and means of conducting the work are under the control of Contractor, except to the extent they are limited by statute, rule or regulation and the express terms of this Agreement. No civil service status or other right of employment will be acquired by virtue of Contractor's services. None of the benefits provided by City to its employees, including but not limited to unemployment insurance, workers' compensation plans, vacation and sick leave are available from City to Contractor, its employees or agents. Deductions shall not be made for any state or federal taxes, FICA payments, PERS payments, or other purposes normally associated with an employer-employee relationship from any fees due Contractor. Payments of the above items, if required, are the responsibility of Contractor. 7. IMMIGRATION REFORM AND CONTROL ACT (IRCA): Contractor assumes any and all responsibility for verifying the identity and employment authorization of all of its employees performing work hereunder, pursuant to all applicable IRCA or other federal, or state rules and regulations. Contractor shall indemnify and hold City harmless from and against any loss, damage, liability, costs or expenses arising from any noncompliance of this provision by Contractor. 8. NON-DISCRIMINATION: Consistent with City's policy that harassment and discrimination are unacceptable employer/employee conduct, Contractor agrees that harassment or discrimination directed toward a job applicant, a City employee, or a citizen by Contractor or Contractor's employee on the basis of race, religious creed, color, national origin, ancestry, handicap, disability, marital status, pregnancy, sex, age, or sexual orientation will not be tolerated. Contractor agrees that any and all violations of this provision shall constitute a material breach of this Agreement. 9. HOLD HARMLESS: Contractor shall, to the fullest extent allowed by law, indemnify, defend, and hold harmless the City and its officers, officials, agents, employees and volunteers against any and all liability, 118 Page 3 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 claims, stop notices, actions, causes of action or demands whatsoever from and against any of them, including any injury to or death of any person or damage to property or other liability of any nature, arising out of, pertaining to, or related to the performance of this Agreement by Contractor or Contractor’s employees, officers, officials, agents or independent contractors. Contractor shall not be obligated under this Agreement to indemnify City to the extent that the damage is caused by the sole or active negligence or willful misconduct of City, its agents or employees. Such costs and expenses shall include reasonable attorneys’ fees of counsel of City’s choice, expert fees and all other costs and fees of litigation. Contractor agrees to obtain executed indemnity agreements with provisions identical to those set forth here in these sections from each and every subcontractor or any other person or entity involved by, for, with, or on behalf of Contractor in the performance of this agreement. If Contractor fails to obtain such indemnity obligations from others as required here, Contractor agrees to be fully responsible according to the terms of this section. 10. INSURANCE: On or before the commencement of the terms of this Agreement, Contractor shall furnish City with certificates showing the type, amount, class of operations covered, effective dates and dates of expiration of insurance coverage in compliance with paragraph 10A, B, C and D. Such certificates, which do not limit Contractor's indemnification, shall also contain substantially the following statement: "Should any of the above insurance covered by this certificate be canceled or coverage reduced before the expiration date thereof, the insurer affording coverage shall provide thirty (30) days' advance written notice to the City of Cupertino by certified mail, "Attention: City Manager." It is agreed that Contractor shall maintain in force at all times during the performance of this Agreement all appropriate coverage of insurance required by this Agreement with an insurance company that is acceptable to City and licensed to do insurance business in the State of California. Endorsements naming the City as additional insured shall be submitted with the insurance certificates. Contractor to complete the attached Document 00530 Insurance Forms. A. COVERAGE: Contractor shall maintain the following insurance coverage: (1) Workers' Compensation: Statutory coverage as required by the State of California; Employers’ Liability $1,000,000 per occurrence (2) General Liability: Commercial general liability coverage in the following minimum limits: Bodily Injury: $500,000 each occurrence $1,000,000 aggregate - all other Property Damage: $500,000 each occurrence $1,000,000 aggregate 119 Page 4 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 If submitted, combined single limit of $1,000,000 per occurrence; $2,000,000 in the aggregate will be considered equivalent to the required minimum limits shown above. (3) Automotive: Comprehensive automobile liability coverage in the following minimum limits: Bodily injury: $500,000 each occurrence Property Damage: $500,000 each occurrence or Combined Single Limit: $1,000,000 each occurrence B. SUBROGATION WAIVER: Contractor agrees that in the event of loss due to any of the perils for which it has agreed to provide comprehensive general and automotive liability insurance, Contractor shall look solely to its insurance for recovery. Contractor hereby grants to City, on behalf of any insurer providing comprehensive general and automotive liability insurance to either Contractor or City with respect to the services of Contractor herein, a waiver of any right to subrogation which any such insurer of said Contractor may acquire against City by virtue of the payment of any loss under such insurance. C. FAILURE TO SECURE: If Contractor at any time during the term hereof should fail to secure or maintain the foregoing insurance, City shall be permitted to obtain such insurance in the Contractor's name or as an agent of the Contractor and shall be compensated by the Contractor for the costs of the insurance premiums at the maximum rate permitted by law and computed from the date written notice is received that the premiums have not been paid. D. ADDITIONAL INSURED: City, its City Council, boards and commissions, officers, employees, and volunteers shall be named as an additional insured under all insurance coverages, except worker’s compensation insurance. The naming of an additional insured shall not affect any recovery to which such additional insured would be entitled under this policy if not named as such additional insured. An additional insured named herein shall not be held liable for any premium, deductible portion of any loss, or expense of any nature on this policy or any extension thereof. Any other insurance held by an additional insured shall not be required to contribute anything toward any loss or expense covered by the insurance provided by this policy. E. SUFFICIENCY OF INSURANCE: The insurance limits required by City are not represented as being sufficient to protect Contractor. Contractor is advised to consult Contractor's insurance broker to determine adequate coverage for Contractor. 120 Page 5 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 11. BONDS: Not applicable. 12. PROHIBITION AGAINST TRANSFERS: Contractor shall not assign, sublease, hypothecate, or transfer this Agreement, or any interest therein, directly or indirectly, by operation of law or otherwise, without prior written consent of City. Any attempt to do so without said consent shall be null and void, and any assignee, sublessee, hypothecate or transferee shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. However, claims for money by Contractor from City under this Agreement may be assigned to a bank, trust company or other financial institution without prior written consent. Written notice of such assignment shall be promptly furnished to City by Contractor. The sale, assignment, transfer or other disposition of any of the issued and outstanding capital stock of Contractor, or of the interest of any general partner or joint venturer or syndicate member or cotenant, if Contractor is a partnership or joint venture or syndicate or cotenancy, which shall result in changing the control of Contractor, shall be construed as an assignment of this Agreement. Control means fifty percent (50%) or more of the voting power of the corporation. 13. SUBCONTRACTOR APPROVAL: Unless prior written consent from City is obtained, only those people and subcontractors whose names are listed in Contractor's bid shall be used in the performance of this Agreement. Requests for additional subcontracting shall be submitted in writing, describing the scope of work to be subcontracted and the name of the proposed subcontractor. Such request shall set forth the total price or hourly rates used in preparing estimated costs for the subcontractor's services. Approval of the subcontractor may, at the option of City, be issued in the form of a Work Order. In the event that Contractor employs subcontractors, such subcontractors shall be required to furnish proof of workers' compensation insurance and shall also be required to carry general and automobile liability insurance in reasonable conformity to the insurance carried by Contractor. In addition, any work or services subcontracted hereunder shall be subject to each provision of this Agreement. 14. PERMITS AND LICENSES: Contractor, at its sole expense, shall obtain and maintain during the term of this Agreement, all appropriate permits, certificates and licenses, including a City Business License, that may be required in connection with the performance of services hereunder. 15. REPORTS: Each and every report, draft, work product, map, record and other document reproduced, prepared or caused to be prepared by Contractor pursuant to or in connection with this Agreement shall be the exclusive property of City. Consultant may retain a copy of any report furnished to the City pursuant to this Agreement. No report, information nor other data given to or prepared or assembled by Contractor 121 Page 6 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 pursuant to this Agreement shall be made available to any individual or organization by Contractor without prior approval by City. Contractor shall, at such time and in such form as City may require, furnish reports concerning the status of services required under this Agreement. 16. RECORDS: Contractor shall maintain complete and accurate records with respect to sales, costs, expenses, receipts and other such information required by City that relate to the performance of services under this Agreement. Contractor shall maintain adequate records of services provided in sufficient detail to permit an evaluation of services. All such records shall be maintained in accordance with generally accepted accounting principles and shall be clearly identified and readily accessible. Contractor shall provide free access to such books and records to the representatives of City or its designees at all proper times, and gives City the right to examine and audit same, and to make transcripts therefrom as necessary, and to allow inspection of all work, data, documents, proceedings and activities related to this Agreement. Such records, together with supporting documents, shall be kept separate from other documents and records and shall be maintained for a period of three (3) years after receipt of final payment. If supplemental examination or audit of the records is necessary due to concerns raised by City's preliminary examination or audit of records, and the City's supplemental examination or audit of the records discloses a failure to adhere to appropriate internal financial controls, or other breach of contract or failure to act in good faith, then Contractor shall reimburse City for all reasonable costs and expenses associated with the supplemental examination or audit. 17. NOTICES: All notices, demands, requests or approvals to be given under this Agreement shall be given in writing and conclusively shall be deemed served when delivered personally or on the second business day after the deposit thereof in the United States Mail, postage prepaid, registered or certified, addressed as hereinafter provided. All notices, demands, requests, or approvals from Contractor to City shall be addressed to City at: City of Cupertino 10300 Torre Avenue Cupertino CA 95014 Attention: Carol Atwood, Director of Recreation and Community Services All notices, demands, requests, or approvals from City to Contractor shall be addressed to Contractor at: ____________________________ ____________________________ ____________________________ ____________________________ 122 Page 7 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 18. URBAN RUNOFF MANAGEMENT: The Contractor shall avoid creating excess dust when breaking asphalt or concrete and during excavation and grading or other activities that may create dust or erosion. If water is used for dust control, contractor shall use as little as necessary. Contractor shall take all steps necessary to keep wash water out of the streets, gutters and storm drains. The Contractor shall develop and implement erosion and sediment control to prevent pollution of storm drains. Such control includes but is not limited to: A. Use storm drain inlet protection devices such as sand bag barriers, filter fabric fences, block and gravel filters. (Block storm drain inlets prior to the start of the rainy season (October 15), in site de-watering activities and saw-cutting activities; shovel or vacuum saw-cut slurry and remove from the site). B. Cover exposed piles of soil or construction material with plastic sheeting. All construction materials must be stored in containers. C. Sweep and remove all materials from paved surfaces that drain to streets, gutters and storm drains prior to rain as well as at the end of the each work day. At the completion of the project, the street shall be washed and the wash water shall be collected and disposed of offsite in an appropriate location. D. After breaking old pavement, Contractor shall remove all debris to avoid contact with rainfall or runoff. E. Contractor shall maintain a clean work area by removing trash, litter, and debris at the end of each work day. Contractor shall also clean up any leaks, drips, and other spills as they occur. The objective is to ensure that the City and County of Santa Clara County-Wide Clean Water Program is adequately enforced. These controls should be implemented prior to the start of construction, up-graded as required, maintained during construction phases to provide adequate protection, and removed at the end of construction. These recommendations are intended to be used in conjunction with the State’s Best Management Practices Municipal and Construction Handbooks, local program guidance materials from municipalities, Section 7.1.01 of the Standard Specifications and any other appropriate documents on storm water quality controls for construction. Failure to comply with this program will result in the issuance of noncompliance notices, citations, project stop orders or fines. The fine for noncompliance of the above program is two hundred and fifty dollars ($250.00) per occurrence per day. The State under the Federal Clean Water Act can also impose a fine on the contractor, pursuant to Cal. Water Code '13385. 19. TERMINATION: In the event Contractor fails or refuses to perform any of the provisions hereof at the time and in the manner required hereunder, Contractor shall be deemed in default in the performance of this Agreement. If such default is not cured within a period of two (2) days after receipt by Contractor from City of written notice of default, specifying the nature of such default and the steps necessary to cure such default, City may terminate the Agreement forthwith by giving to the 123 Page 8 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 Contractor written notice thereof. City shall have the option, at its sole discretion and without cause, of terminating this Agreement by giving seven (7) days' prior written notice to Contractor as provided herein. Upon termination of this Agreement, each party shall pay to the other party that portion of compensation specified in this Agreement that is earned and unpaid prior to the effective date of termination. 20. COMPLIANCES: Contractor shall comply with all state or federal laws and all ordinances, rules and regulations enacted or issued by City. Specifically, and without limitation, Contractor shall comply with all state, federal, or local regulation regarding the removal and disposal of hazardous waste. A. PREVAILING WAGES: To the extent applicable,Contractor shall comply with the City’s Labor Compliance Program and all other requirements set forth in Labor Code section 1770 et seq. Contractor shall pay prevailing wages. Contractor will submit monthly certified payroll records to the City for all employees and subcontractors in a preapproved format or a City provided form. Any delay in remitting certified payroll reports to the City upon request from the City will result in either delay and/or forfeit of outstanding payment to Contractor. B. WORKING DAY: Contractor shall comply with California Labor Code Section 1810, et seq. which provides that work performed by employees of contractors in excess of 8 hours per day, and 40 hours during any one week, must be compensated as overtime, at not less than 1 ½ times the basic rate of pay, to the extent applicable. C. PAYROLL RECORDS: Contractor shall comply with California Labor Code Section 1776 which requires certified payroll records be maintained with the name, address, social security number, work classification, straight time and overtime hours worked each day and week, and the actual per diem wages paid to each journeyman, apprentice, worker, or other employee employed by him or her in connection with this Agreement, to the extent applicable. The Payroll Records shall be made available for inspection as provided in California Labor Code Section 1776. D. APPRENTICES: Contractor shall comply with California Labor Code Section 1777.5 regarding apprentices, to the extent applicable. 21. CONFLICT OF LAW: This Agreement shall be interpreted under, and enforced by the laws of the State of California excepting any choice of law rules which may direct the application of laws of another jurisdiction. The Agreement and obligations of the parties are subject to all valid laws, orders, rules, and regulations of the authorities having jurisdiction over this Agreement (or the successors of those authorities.) Any suits brought pursuant to this Agreement shall be filed with the courts of the County of Santa Clara, State of California. 124 Page 9 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 22. ADVERTISEMENT: Contractor shall not post, exhibit, display or allow to be posted, exhibited, displayed any signs, advertising, show bills, lithographs, posters or cards of any kind pertaining to the services performed under this Agreement unless prior written approval has been secured from City to do otherwise. 23. WAIVER: A waiver by City of any breach of any term, covenant, or condition contained herein, shall not be deemed to be a waiver of any subsequent breach of the same or any other term, covenant, or condition contained herein, whether of the same or a different character. 24. INTEGRATED CONTRACT: This Agreement represents the full and complete understanding of every kind or nature whatsoever between the parties hereto, and all preliminary negotiations and agreements of whatsoever kind or nature are merged herein. No verbal agreement or implied covenant shall be held to vary the provisions hereof. Any modification of this Agreement will be effective only by written execution signed by both City and Contractor. 25. INSERTED PROVISIONS: Each provision and clause required by law to be inserted into the Agreement shall be deemed to be enacted herein, and the Agreement shall be read and enforced as though each were included herein. If through mistake or otherwise, any such provision is not inserted or is not correctly inserted, the Agreement shall be amended to make such insertion on application by either party. 26. CAPTIONS: The captions in this Agreement are for convenience only, are not a part of the Agreement and in no way affect, limit or amplify the terms or provisions of this Agreement. 125 Page 10 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 P.O. No.: _________________ IN WITNESS WHEREOF, the parties have caused the Agreement to be executed on the day and year first above written. CONTRACTOR CITY OF CUPERTINO [Name of Contractor] A Municipal Corporation By By ___________________________ Carol Atwood, Director of Recreation & Community Services Name_______________________ Date __________________________ Title Date________________________ RECOMMENDED FOR APPROVAL: By____________________________ Address______________________ ______________________________ Title APPROVED AS TO FORM: By Colleen Winchester , Acting City Attorney ATTEST: _________________________________ Grace Schmidt, City Clerk Contract Amount: _________________ Account No. : ___________________ 126 Page 11 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 EXHIBIT A SCOPE OF WORK BLACKBERRY FARM GOLF COURSE MAINTENANCE Work to provide maintenance of Blackberry Farm Golf Course 1. PUTTING GREENS 1.01 SCOPE: Greens shall be maintained disease and weed free. Complete renovation of any green is not included in this maintenance project. 1.02 MOWING FREQUENCY: Winter –six times per week. Spring/Summer/Fall – six times per week. Contractor to recycle grass trimmings. 1.03 CHANGING CUPS: Contractor shall change the cup location daily year-round. Placement is to be at least 8 feet from edge of green on level surface. When requested, use the 1/3 rule – 1/3 of the pins back, 1/3 pins middle, 1/3 pins up. 1.04 HEIGHT OF CUT: Is to be 0.135 of an inch 1.05 FERTILIZATION: Contractor to collect soil samples yearly to determine recommended nutrients, rates of application and frequency of application, with the goal of a sustainable fertility program. Use organic fertilizers, i.e. Earthworks or approved equivalent. The City shall determine which of the greens are to be tested. Contractor to use Logan Laboratories or City approved equal for soils testing and recommendations. All fertilizer shall be applied in accordance with all applicable laws, codes, specifications and policies and at minimum rates that are consistent with healthy turf. 1.06 AERIFICATION/TOP DRESS/VERTI-CUTTING: Contractor is to perform DryJect aerification or equal twice a year in March/April and September/October, and overseed with Pencross bentgrass in September. Perform a DryJect Maximus aerification or equal in July. Verti-cut greens monthly during the growing season. Top-dress with TD320 from TMT enterprises or City approved equal. 1.07 PESTICIDE APPLICATION: All pesticide application shall be completed by a qualified person in accordance with all applicable laws, codes, specifications and policies. Greens to be maintained disease and weed free. Apply all chemicals sparingly. Applications shall be as per EPA regulations. Contractor must possess SDS (safety data sheets) for all materials. All posting and re-entry requirements must be followed. Contractor to submit monthly a written report of all pesticide applications. A recommendation by a licensed Pest Control Advisor (PCA) that is familiar with Blackberry Farm Golf Course and with its setting and protected natural resources is required for applications, and a licensed staffer with a current Qualified Applicator License (QAL) or is a Qualified Applicator Certificate holder (QAC) shall be on site and provide oversight during applications is required. All work shall adhere to all laws, regulations and applicable guidelines for all pesticide applications. Contractor may be required to obtain a Restricted Materials Use Permit and Notice of Intent prior to any applications. 127 Page 12 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 1.08 PROTECTION OF CREEK AND PONDS: No runoff from fertilizer, pesticide or chemical applications shall flow into creeks or ponds nor to drainage inlets that discharge to creeks or ponds. 1.09 INTERSEEDING: Contractor shall interseed greens with City approved mix of creeping bentgrass two times per year, in the spring and fall at a rate of 2 lbs. per 1,000 sq. feet unless otherwise directed. 2. COLLAR MAINTENANCE 2.01 MOWING FREQUENCY: Twice weekly in spring/summer/fall and once a week in winter. 2.02 HEIGHT OF CUT: to be ½ inch all year 2.03 FERTILIZATION: to be fertilized the same as greens 2.04 WEED CONTROL: to be applied the same as greens 3. TEE MAINTENANCE 3.01 MOWING FREQUENCY: Two to three times per week in spring/summer/fall and one to two times a week in winter. 3.02 HEIGHT OF CUT: to be ½ inch all year 3.03 FERTILIZATION: Contractor to collect at least one soil sample yearly to determine the recommended complete fertilizer to use. Contractor to use Logan Laboratories or City approved equal for soils testing and recommendations. Fertilizer to be applied four times a year in March, May, late August and October. The application rate shall be at the manufacturer’s recommended rate. All fertilizer shall be applied in accordance with all applicable laws, codes, specification and policies and at minimum rates consistent with healthy turf. Special care shall be taken to prevent fertilizer or fertilizer-containing runoff from getting into creek areas or ponds. 3.04 AERIFICATION: Contractor to aerate four times per year in May and October and as needed. 3.05 OVERSEEDING: Contractor to overseed four times per year with perennial rye grass, at 8 lbs. per 1,000 sq. feet unless otherwise directed. Contractor to use seeder/slicer (verti-cutting) unit. 3.06 TEE MARKERS: Contractor shall move and rotate daily. Keep 10 feet apart and 8 feet from back of tee (except where markers do not allow). 3.07 PERMANENT YARDAGE MARKERS: Contractor to keep visible at all times. 3.08 WEED CONTROL: Contractor to apply two broadleaf weed control in the spring and fall. Broadleaf weed control is for, but not limited to, English Daisy, clover, spurge and chickweed. Contractor to apply one Crabgrass control in spring. All weed controls shall be applied in accordance with all applicable laws, codes, specification and policies. 3.09 PROTECTION OF CREEK AND PONDS: No runoff from fertilizer, pesticide or chemical applications shall flow into creek areas or ponds nor to drain inlets that discharge to creek areas or ponds. 128 Page 13 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 3.10 SEED AND TOPSOIL TEES: Contractor to place seeds and sand/organic compost mix on tees daily to repair divots. 4. FAIRWAY MAINTENANCE 4.01 MOWING FREQUENCY: two to three times per week in growing season, and one to two times per week in winter 4.02 HEIGHT OF CUT: ¾ inch all year 4.03 FERTILIZATION: Contractor to collect one soil sample yearly to determine the recommended complete fertilizer to use. Contractor to use Logan Laboratories or City approved equal for soils testing and recommendations. Fertilizer to be applied four times a year in March, May, late August and October. The application rate shall be at the manufacturer’s recommended rate. All fertilizer shall be applied in accordance with all applicable laws, codes, specifications and policies and at minimum rates consistent with healthy turf. 4.04 AERIFICATION: VERTI-CUTTING: Contractor to aerate, verti-cut once per year in April/May. 4.05 OVERSEEDING: Contractor shall overseed with Perennial Rye one time per year, 8 lbs. per 1,000 sq. feet unless otherwise directed. Use seeder/slicer for distribution. Perform spot-overseeding as needed with Perennial Rye. 4.06 WEED CONTROL: Contractor to apply broadleaf weed control twice per year, in the spring and fall. Broadleaf weed control is for, but not limited to, English Daisy, clover, spurge and chickweed. Contractor to apply one Crabgrass control in spring. All weed controls shall be applied in accordance with all applicable laws, codes, specification and policies. 4.07 PROTECTION OF CREEK AND PONDS: No runoff from chemical applications shall flow into creek areas or ponds. Contractor shall cover the drain inlets and drainage structures that discharge to the creek for one week after the application of any chemicals. 5. ROUGH MAINTENANCE 5.01 MOWING FREQUENCY: twice per week all year 5.02 HEIGHT OF CUT: 1 to 1 ½ inches all year 5.03 FERTILIZATION:Same as Fairway Maintenance 5.04 AERIFICATION: Same as Fairway Maintenance 5.05 WEED CONTROL:Contractor to apply two broadleaf weed control in the spring and fall. Broadleaf weed control is for, but not limited to, English Daisy, clover, spurge and checkweed. Contractor to apply one Crabgrass control in spring. All weed controls shall be applied in accordance with all applicable, laws, codes, specification and policies. 5.06 PROTECTION OF CREEK AND PONDS:No runoff from chemical applications shall flow into creeks or ponds. 129 Page 14 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 7. EQUIPMENT AND EQUIPMENT STORAGE 7.01 GREEN EQUIPMENT: The City encourages the Contractor to use Environmentally Friendly or Green equipment and supplies for this contract. 7.02 SCOPE: All mowing equipment shall be on a regular preventive maintenance schedule for hydraulic and oil lines so as to minimize damage to turf and protect the creek and wildlife habitat from leaks. Hydraulic hoses shall be changed off site every six months. 7.03 GREENS: Mowing equipment shall be 9 or more bladed, reel-type mower with a frequency of cut at a minimum of .25 at 3.6 mph. 7.04 TEES: Mowing equipment shall be 7 or more bladed, reel-type mower with a frequency of cut at a minimum of .53 at 4.2 mph. 7.05 FAIRWAYS: Mowing equipment shall be 6 or more bladed, reel-type mower with a frequency of cut at a minimum of .67 at 5.0 mph. 10. PARKING LOT AT GOLF COURSE ENTRANCE 10.01 SWEEPING: Contractor shall sweep monthly. Manually using a blower is acceptable during the hours of 7:00 am to 8:00 pm on week days and 9:00 am to 6:00 pm on weekend, and in accordance with the City’s noise ordinance. 10.02 LOOSE TRASH AND GARBAGE CANS: Contractor shall pick up trash and check area daily. 10.03 BROKEN GLASS/BOTTLES: Contractor shall pick up and dispose of broken glass or similar potentially harmful materials immediately. 11. CLUBHOUSE & MAINTENANCE BUILDING 11.01 REST ROOMS AT MAINTENANCE BUILDING: Public restrooms for golfers exist on the golf-facing side of the golf maintenance building. The public rest rooms will be cleaned and maintained by the City or City’s designee. 11.02 PATIO: Contractor shall sweep daily. 11.03 RECYCLED CARDBOARD CONTAINERs: Shall be emptied at least once per week. 12. ENTRY AREA/CLUBHOUSE GROUNDS 12.01 FLOWER BEDS: Contractor shall weed, mulch, water and replenish as needed. 12.02 TRASH: Contractor shall pick up daily. 12.03 FOOT BRUSHES: Contractor shall clean and check weekly and replace when worn. 12.04 WALKWAYS: Contractor shall sweep daily when weather permits. 12.05 TRASH AND CIGARETTE CANS: Contractor shall empty cans daily and comply with City’s recycling standards. 12.06 LEAKS FROM GOLF CARTS: Contractor shall clean immediately. 130 Page 15 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 12.07 LANDSCAPE SHRUBBERY: Contractor shall trim monthly and as needed. 12.08 ANNUAL PLANTINGS: Contractor shall remove and re-plant minimum 2 times per year the two planter boxes located at the clubhouse. The planter box on number one tee measuring roughly 4.5 ft. by 35.5 ft. (160 S.F.) and the planter box to the left of the building along the restroom walkway measuring roughly 8 ft. by 34 ft. (272 S.F.). 12.09 DRIVING RANGE: Contractor shall cut grass weekly and fertilize and aerate the same as fairways. 12.10 WEED CONTROL (NON-SELECTIVE): Contractor shall use mechanical method of trimming or removing undesirable vegetation in tree wells, perimeter and interior fence lines, barriers, railroad ties, delineators, and along edges of golf play areas that are along the creek or associated native planting areas. 12.11 LITTER: Contractor shall remove daily. 12.12 TRASH AND DEBRIS (FROM MAINTENANCE): Contractor shall remove as it occurs and dispose of it in a safe and legal manner. 12.13 SOIL, WATER SAMPLES: Contractor shall take samples annually or more often if unusual growth habits develop. 12.14 RODENT CONTROL: Contractor shall begin immediate eradication action following local, state and federal guidelines when gopher or ground squirrel activity occurs. Contractor is not allowed to use rodenticides nor any chemicals to control rodents. Acceptable methods may include carbon dioxide use, trapping, exclusion, or burrow sealing/removal, or using other techniques as acceptable to City. 12.15 SAND TRAPS: Complete renovation of any sand trap is not included in this maintenance project. Contractor shall rake daily. Contractor shall keep sand at 4 inches in depth minimum and keep clean of all weeds. When using power rake, stay about one foot from edge of trap. When hand-raking edge of trap, put sand inward on low side and pull outward on high side. Contractor to edge traps monthly and as needed. Do not drag sand out of trap when exiting trap with power rake. 12.16 TREES: Any tree removal or tree replacement must be approved by the City and any expenditures incurred will be outside the standard scope of work. Contractor shall keep all trees trimmed at least 6 feet from the ground to prevent damage to golf cart tops and maintenance equipment, except for trees and shrubs along the creek which shall only be trimmed as acceptable to the City Naturalist. Contractor shall maintain trees in a safe, healthy, and aesthetically pleasing condition at all times. Contractor shall mow, weed and/or mulch tree wells as needed. Contractors shall immediately remove any broken tree limbs. Downed brush shall be removed as soon as possible. All trimmings or debris shall be removed from the course, unless they are chipped, and used for mulch on site. Contractor shall not be responsible for removal of dead or fallen trees; such removal shall be at the City’s expense unless it is determined that the condition was caused by the Contractor’s negligence. 12.17 USGA GREEN SECTION VISIT: Contractor shall have a USGA staff agronomist visit the course yearly on the following schedule: first year in the spring, second year in the summer, third year in the fall, no winter visits. Contractor shall act on all appropriate recommendations that result from these visits. 12.18 LEAF PICKUP: Contractor shall remove leaves daily or as necessary. 131 Page 16 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 12.19 VANDALISM/GRAFFITI: Contractor shall correct vandalism immediately and remove graffiti within 24 hours. 14. OTHER AREAS 14.01 TEE MARKERS: Contractor shall have two sets each hole. Missing or broken markers shall be replaced immediately. 14.02 BENCHES/TEE SIGNS: Contractor shall immediately remove any damaged bench, and notify supervisor so that City can replace it. Any damaged tee sign shall be removed as soon as possible, and notify supervisor so that City can replace it. 14.03 YARD MARKERS: Contractor shall replace as needed any yard markers. 14.04 GREENS FLAGS, POLE, CUPS: Contractor shall replace flags, poles and cups when they are discolored, frayed or damaged in any way. 14.05 BALL WASHERS: Contractor shall check for water/soap daily. Contractor shall replace tee towels monthly or more often if towel is frayed, discolored, or aesthetically unpleasing. 14.06 SAND TRAP RAKES: Contractor shall keep two rakes per trap or more as needed, and replace any missing or broken rake immediately. 14.07 OUT-OF-BOUNDS/HAZARD STAKES: Contractor shall replace white our-of- bounds stakes immediately if missing or broken. 14.08 OVERSEEDING: Contractor shall spot-overseed with Perennial Rye when needed. 14.09 PONDS: Contractor shall keep the ponds free from algae and excessive growth of plant material. 14.10 BRIDGE: Contractor shall inspect bridge daily for safe conditions and repair structures immediately when necessary. 14.11 FOOT GOLF: Contractor shall maintain 9 hole foot golf course, with all tee markers, holes, cups, flagpoles, and flags. Edging around the cups shall be done weekly. 15. IRRIGATION 15.01 SCOPE: Irrigation system shall be maintained in a manner to provide proper watering. Any major irrigation system repairs or improvements are not included in this maintenance project. 15.02 MAINTENANCE: Contractor shall maintain system, including lateral lines, sprinkler heads, and controllers in good operating repair, functioning properly, and conforming to related laws, codes and regulations. No valves or water main repairs are included in this maintenance project. Contractor shall notify the City immediately when valve or water main repairs are necessary for proper operation. 15.03 FREQUENCY: Contractor is to irrigate as required to maintain adequate moisture for growth rate and appearance. Contractor is to hand-water as needed any and all portions of the course that do not receive adequate water from the irrigation system. 132 Page 17 of 17 Contractor Agreement Blackberry Farm Golf Course Maintenance 2016 15.04 TESTING FOR ADEQUATE SOIL MOISTURE: Contractor shall determine by visual observation, plant resiliency, turgidity, examining cores removed by soil probe, and moisture sensor devices. 15.05 WATER CONSERVATION: Irrigation controllers shall be programmed to maintain course appearance and health of vegetation while maximizing water conservation. 15.06 WIND PROBLEMS: In areas where wind creates problems of spraying onto private property or road rights of way, operation shall occur during period of lowest wind velocity. 15.07 MONITORING: Contractor shall make corrections for coverage, adjustment, clogging of lines, and removal of obstacles, tilting of heads, and management of plant materials that obstruct the spray as they occur. 15.08 SYSTEM CHECK: Contractor shall check the system daily during months of operation. 15.09 PUMPING PLANT: Pumping plant shall be maintained the City. 15.10 WATER COST: Water costs shall be paid for by the City. 133 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1218 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/10/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Application for Alcoholic Beverage License for Yayoi, 20682 & 20684 Homestead Road Sponsors: Indexes: Code sections: Attachments:Staff Report A - Application Action ByDate Action ResultVer. City Council12/1/20151 Subject:ApplicationforAlcoholicBeverageLicenseforYayoi,20682&20684Homestead Road RecommendapprovaloftheAlcoholicBeverageLicensetotheCaliforniaDepartmentof Alcoholic Beverage Control for Yayoi, 20682 & 20684 Homestead Road CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™134 CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Alcoholic Beverage License Application, Yayoi, 20682 & 20684 Homestead Road Recommended Action Recommend approval of the Alcoholic Beverage Control License to the California Department of Alcoholic Beverage Control for Yayoi, 20682 & 20684 Homestead Road Description Name of Business: Yayoi Location: 20682 & 20684 Homestead Road Type of Business: Restaurant Type of License: 41 – On-Sale Beer and Wine – Eating Place (Restaurant) Reason for Application: Annual Fee, Original Fee Discussion There are no zoning or use permit restrictions which would prohibit the sale of alcohol as proposed and staff has no objection to the issuance of this license. License Type 41 authorizes the sale of beer and wine for consumption on or off the premises where sold. This address is located at the corner of Homestead Road and Franco Court in Homestead Square Shopping Center. Sustainability Impact None Fiscal Impact None _____________________________________ Prepared by: Julia Kinst, Planning Department Reviewed by: Aarti Shrivastava, Assistant City Manager Approved for Submission by: David Brandt, City Manager Attachment: A - Application COMMUNITY DEVELOPMENT DEPARTMENT CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3308 www.cupertino.org 135 136 137 138 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1252 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/22/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Application for Alcoholic Beverage License for Pieology Pizzeria, 19409 Stevens CreekBoulevard, Suite 140 Sponsors: Indexes: Code sections: Attachments:Staff Report A - Application Action ByDate Action ResultVer. City Council12/1/20151 Subject:ApplicationforAlcoholicBeverageLicenseforPieologyPizzeria,19409Stevens Creek Boulevard, Suite 140 RecommendapprovaloftheAlcoholicBeverageLicensetotheCaliforniaDepartmentof Alcoholic Beverage Control for Pieology Pizzeria, 19409 Stevens Creek Boulevard, Suite 140 CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™139 CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Alcoholic Beverage License Application, Pieology Pizzeria, 19409 Stevens Creek Boulevard, Suite 140 Recommended Action Recommend approval of the Alcoholic Beverage Control License to the California Department of Alcoholic Beverage Control for Pieology Pizzeria, 19409 Stevens Creek Boulevard, Suite 140 Description Name of Business: Pieology Pizzeria Location: 19409 Stevens Creek Boulevard, Suite 140 Type of Business: Restaurant Type of License: 41 – On-Sale Beer and Wine – Eating Place (Restaurant) Reason for Application: Annual Fee, Original Fees, Federal Fingerprints, State Fingerprints Discussion There are no zoning or use permit restrictions which would prohibit the sale of alcohol as proposed and staff has no objection to the issuance of this license. License Type 41 authorizes the sale of beer and wine for consumption on or off the premises where sold. This address is located at Main Street. Sustainability Impact None Fiscal Impact None _____________________________________ Prepared by: Julia Kinst, Planning Department Reviewed by: Aarti Shrivastava, Assistant City Manager Approved for Submission by: David Brandt, City Manager Attachment: A - Application COMMUNITY DEVELOPMENT DEPARTMENT CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3308 www.cupertino.org 140 141 142 143 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1253 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/22/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Application for Alcoholic Beverage License for Tofu Plus, 10971 North Wolfe Road Sponsors: Indexes: Code sections: Attachments:Staff Report A - Application Action ByDate Action ResultVer. City Council12/1/20151 Subject: Application for Alcoholic Beverage License for Tofu Plus, 10971 North Wolfe Road RecommendapprovaloftheAlcoholicBeverageLicensetotheCaliforniaDepartmentof Alcoholic Beverage Control for Tofu Plus, 10971 North Wolfe Road CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™144 CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Alcoholic Beverage License Application, Tofu Plus, 10971 North Wolfe Road Recommended Action Recommend approval of the Alcoholic Beverage Control License to the California Department of Alcoholic Beverage Control for Tofu Plus, 10971 North Wolfe Road Description Name of Business: Tofu Plus Location: 10971 North Wolfe Road Type of Business: Restaurant Type of License: 41 – On-Sale Beer and Wine – Eating Place (Restaurant) Reason for Application: Annual Fee, Original Fees, Federal Fingerprints, State Fingerprints Discussion There are no zoning or use permit restrictions which would prohibit the sale of alcohol as proposed and staff has no objection to the issuance of this license. License Type 41 authorizes the sale of beer and wine for consumption on or off the premises where sold. This address is located at Cupertino Village Shopping Center at the corner of North Wolfe and Homestead Roads. Sustainability Impact None Fiscal Impact None _____________________________________ Prepared by: Julia Kinst, Planning Department Reviewed by: Aarti Shrivastava, Assistant City Manager Approved for Submission by: David Brandt, City Manager Attachment: A - Application COMMUNITY DEVELOPMENT DEPARTMENT CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3308 www.cupertino.org 145 146 147 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1254 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/22/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Application for Alcoholic Beverage License for Starbucks #5217, 20520 Stevens CreekBoulevard Sponsors: Indexes: Code sections: Attachments:Staff Report A - Application Action ByDate Action ResultVer. City Council12/1/20151 Subject:ApplicationforAlcoholicBeverageLicenseforStarbucks#5217,20520Stevens Creek Boulevard Recommend approval of the Alcoholic Beverage Control License to the California Department of Alcoholic Beverage Control for Starbucks #5217, 20520 Stevens Creek Boulevard CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™148 CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Alcoholic Beverage License Application, Starbucks #5217, 20520 Stevens Creek Boulevard Recommended Action Recommend approval of the Alcoholic Beverage Control License to the California Department of Alcoholic Beverage Control for Starbucks #5217, 20520 Stevens Creek Boulevard Description Name of Business: Starbucks #5217 Location: 20520 Stevens Creek Boulevard Type of Business: Restaurant Type of License: 41 – On-Sale Beer and Wine – Eating Place (Restaurant) Reason for Application: Annual Fee, Original Fee Discussion There are no zoning or use permit restrictions which would prohibit the sale of alcohol as proposed and staff has no objection to the issuance of this license. License Type 41 authorizes the sale of beer and wine for consumption on or off the premises where sold. This address is located at the Crossroads Shopping Center at the corner of Stevens Creek and De Anza Boulevards. Sustainability Impact None Fiscal Impact None _____________________________________ Prepared by: Julia Kinst, Planning Department Reviewed by: Aarti Shrivastava, Assistant City Manager Approved for Submission by: David Brandt, City Manager Attachment: A - Application COMMUNITY DEVELOPMENT DEPARTMENT CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3308 www.cupertino.org 149 150 151 152 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1255 Name: Status:Type:Consent Calendar Agenda Ready File created:In control:11/22/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Application for Alcoholic Beverage License for Yoshida Restaurant, 10700 South De AnzaBoulevard Sponsors: Indexes: Code sections: Attachments:Staff Report A - Application Action ByDate Action ResultVer. City Council12/1/20151 Subject:ApplicationforAlcoholicBeverageLicenseforYoshidaRestaurant,10700SouthDe Anza Boulevard RecommendapprovaloftheAlcoholicBeverageLicensetotheCaliforniaDepartmentof Alcoholic Beverage Control for Yoshida Restaurant, 10700 South De Anza Boulevard CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™153 CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Alcoholic Beverage License Application, Yoshida Restaurant, 10700 South De Anza Boulevard Recommended Action Recommend approval of the Alcoholic Beverage Control License to the California Department of Alcoholic Beverage Control for Yoshida Restaurant, 10700 South De Anza Boulevard Description Name of Business: Yoshida Restaurant Location: 10700 South De Anza Boulevard Type of Business: Restaurant Type of License: 41 – On-Sale Beer and Wine – Eating Place (Restaurant) Reason for Application: Annual Fee, Original Fee Discussion There are no zoning or use permit restrictions which would prohibit the sale of alcohol as proposed and staff has no objection to the issuance of this license. License Type 41 authorizes the sale of beer and wine for consumption on or off the premises where sold. Sustainability Impact None Fiscal Impact None _____________________________________ Prepared by: Julia Kinst, Planning Department Reviewed by: Aarti Shrivastava, Assistant City Manager Approved for Submission by: David Brandt, City Manager Attachment: A - Application COMMUNITY DEVELOPMENT DEPARTMENT CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3308 www.cupertino.org 154 155 156 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1233 Name: Status:Type:Second Reading ofOrdinances Agenda Ready File created:In control:11/18/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Second reading of an Ordinance amending Section 2.04.010 of the Cupertino MunicipalCode regarding regular City Council meetings that fall on any Election Tuesday in a regular Cupertinoelection year Sponsors: Indexes: Code sections: Attachments:Staff Report A - Redline Draft Ordinance B - Clean Draft Ordinance Action ByDate Action ResultVer. City Council12/1/20151 Subject:SecondreadingofanOrdinanceamendingSection2.04.010oftheCupertino MunicipalCoderegardingregularCityCouncilmeetingsthatfallonanyElectionTuesdayina regular Cupertino election year ConductthesecondreadingandenactOrdinanceNo.15-2137:"AnOrdinanceoftheCity CounciloftheCityofCupertinoamendingSection2.04.010ofChapter2.04ofTitle2ofthe CupertinoMunicipalCoderegardingregularCityCouncilmeetingsthatfallonanyElection Tuesday in a regular Cupertino election year" CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™157 OFFICE OF THE CITY CLERK CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-3223 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Second reading of an Ordinance amending Section 2.04.010 of the Cupertino Municipal Code regarding regular City Council meetings that fall on any Election Tuesday in a regular Cupertino election year. Recommended Action Staff recommends that City Council conduct the second reading and enact Ordinance No. 15-2137: "An Ordinance of the City Council of the City of Cupertino amending Section 2.04.010 of Chapter 2.04 of Title 2 of the Cupertino Municipal Code regarding regular City Council meetings that fall on any Election Tuesday in a regular Cupertino election year." Discussion On November 17, Council conducted the first reading of the ordinance with a further amendment to automatically move regular City Council meetings that fall on any Election Tuesday in a regular Cupertino election year to the first Monday of the month. Sustainability Impact/CEQA The proposed ordinance is purely procedural; there is no impact to sustainability. Moreover, these changes are exempt under the California Environmental Quality Act. Fiscal Impact There is no fiscal impact resulting from this amendment. _____________________________________ Prepared by: Grace Schmidt, City Clerk Approved for Submission by: David Brandt, City Manager Attachments: A –Redline Draft Ordinance B – Clean Draft Ordinance 158 ORDINANCE NO. 15-2137 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AMENDING SECTION 2.04.010 OF CHAPTER 2.04 OF TITLE 2 OF THE CUPERTINO MUNICIPAL CODE REGARDING REGULAR CITY COUNCIL MEETINGS THAT FALL ON ANY ELECTION TUESDAY IN REGULAR CUPERTINO ELECTION NOVEMBER OF EVEN-NUMBERED YEARS WHEREAS, the Ordinance is determined to be exempt under provisions and requirements of the California Environmental Quality Act of 1970, together with related State CEQA Guidelines (collectively, "CEQA"), in that the amendments involve procedural administrative changes that will not have a direct or reasonably foreseeable indirect change to the physical environment; and WHEREAS, the City Council of the City of Cupertino is the decision-making body for this Ordinance; and WHEREAS, the City Council has reviewed and considered the exemption determination under CEQA prior to taking any approval actions on this Ordinance and agrees with such exemption; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CUPERTINO DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Section 2.04.010 of Chapter 2.04 of Title 2 of the Cupertino Municipal Code is hereby amended to read as follows: 2.04.010 Regular Meetings. The City Council shall hold regular meetings on the first and third Tuesdays of each month at six forty-five p.m. and may adjourn any regular meeting to a date certain, which shall be specified in the order of adjournment and when so adjourned, such adjourned meeting shall be a regular meeting for all purposes. Such adjourned meetings may likewise be adjourned and any so adjourned meeting shall be a regular meeting for all purposes. On regular meeting days, the City Council shall begin any closed session items at six o'clock p.m. 159 Ordinance No. 15-2137 Page 2 City Council meetings that fall on legal holidays shall automatically be moved to the following day. City Council meetings that fall on any Election Tuesday in November of an even- numbered a regular Cupertino election year shall automatically be moved to the first Monday of the month. SECTION 2. The City Clerk shall certify the adoption of this Ordinance and shall give notice of its adoption as required by law. Pursuant to Government Code Section 36933, a summary of this Ordinance may be published and posted in lieu of publication and posting of the entire text. INTRODUCED at a regular meeting of the City Council of the City of Cupertino the 17th day of November and ENACTED at a regular meeting of the City Council of the City of Cupertino the 1st of December, 2015, by the following vote: PASSED: Vote: Members of the City Council Ayes: Noes: Absent: Abstain: ATTEST: APPROVED: ______________________ __________________________________ Grace Schmidt, City Clerk Rod G. Sinks, Mayor, City of Cupertino 160 ORDINANCE NO. 15-2137 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AMENDING SECTION 2.04.010 OF CHAPTER 2.04 OF TITLE 2 OF THE CUPERTINO MUNICIPAL CODE REGARDING REGULAR CITY COUNCIL MEETINGS THAT FALL ON ANY ELECTION TUESDAY IN REGULAR CUPERTINO ELECTION YEARS WHEREAS, the Ordinance is determined to be exempt under provisions and requirements of the California Environmental Quality Act of 1970, together with related State CEQA Guidelines (collectively, "CEQA"), in that the amendments involve procedural administrative changes that will not have a direct or reasonably foreseeable indirect change to the physical environment; and WHEREAS, the City Council of the City of Cupertino is the decision-making body for this Ordinance; and WHEREAS, the City Council has reviewed and considered the exemption determination under CEQA prior to taking any approval actions on this Ordinance and agrees with such exemption; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CUPERTINO DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Section 2.04.010 of Chapter 2.04 of Title 2 of the Cupertino Municipal Code is hereby amended to read as follows: 2.04.010 Regular Meetings. The City Council shall hold regular meetings on the first and third Tuesdays of each month at six forty-five p.m. and may adjourn any regular meeting to a date certain, which shall be specified in the order of adjournment and when so adjourned, such adjourned meeting shall be a regular meeting for all purposes. Such adjourned meetings may likewise be adjourned and any so adjourned meeting shall be a regular meeting for all purposes. On regular meeting days, the City Council shall begin any closed session items at six o'clock p.m. 161 Ordinance No. 15-2137 Page 2 City Council meetings that fall on legal holidays shall automatically be moved to the following day. City Council meetings that fall on any Election Tuesday in a regular Cupertino election year shall automatically be moved to the first Monday of the month. SECTION 2. The City Clerk shall certify the adoption of this Ordinance and shall give notice of its adoption as required by law. Pursuant to Government Code Section 36933, a summary of this Ordinance may be published and posted in lieu of publication and posting of the entire text. INTRODUCED at a regular meeting of the City Council of the City of Cupertino the 17th day of November and ENACTED at a regular meeting of the City Council of the City of Cupertino the 1st of December, 2015, by the following vote: PASSED: Vote: Members of the City Council Ayes: Noes: Absent: Abstain: ATTEST: APPROVED: ______________________ __________________________________ Grace Schmidt, City Clerk Rod G. Sinks, Mayor, City of Cupertino 162 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1197 Name: Status:Type:Ordinances and Action Items Agenda Ready File created:In control:10/27/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Approve actions related to the formation of, and Cupertino’s membership in, the SiliconValley Clean Energy Authority, an independent joint powers authority, which will provide a CommunityChoice Aggregation Program to offer clean energy alternatives for Cupertino residents andbusinesses; and related CEQA action Sponsors: Indexes: Code sections: Attachments:Staff Report A - Technical Study Draft Report B - Community Choice Energy Draft Ordinance C - Joint Powers Authority Draft Resolution D - Joint Powers Authority Draft Agreement Action ByDate Action ResultVer. City Council12/1/20151 Subject:Approveactionsrelatedtotheformationof,andCupertino’smembershipin,the SiliconValleyCleanEnergyAuthority,anindependentjointpowersauthority,whichwill provideaCommunityChoiceAggregationProgramtooffercleanenergyalternativesfor Cupertino residents and businesses; and related CEQA action 1.AccepttheSiliconValleyCommunityChoiceEnergyTechnicalStudyDraftReport,and find that the proposed actions are exempt from CEQA; and 2.ConductthefirstreadingoftheOrdinanceNo.15-2138:“AnOrdinanceoftheCity CounciloftheCityofCupertinoAuthorizingtheImplementationofaCommunity ChoiceAggregationProgram”tocreateandparticipateintheSiliconValleyClean Energy Authority; and 3.AdoptResolutionNo.15-111oftheCityCounciloftheCityofCupertinoApprovingthe Joint Powers Agreement Establishing the Silicon Valley Clean Energy Authority; and 4.AuthorizetheCityManagertoremitupto$450,000,aspreviouslybudgeted,tothe Silicon Valley Clean Energy Authority to support the initial costs of the Authority; and 5.ApproveanincreasetotheFiscalYear2015-16SustainabilityDivisionSpecialProject Budget of $100,000 for project contingency as outlined in the JPA; and 6.DirectstafftoreturntoCouncilwithanupdateandpotentialactionregardingbridge financing for the Authority; and 7.DirectstafftoreturntoCouncilwithaproposaltoprovideinterimprojectand/orstaffing CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 2 powered by Legistar™163 File #:15-1197,Version:1 support to the Authority via a separate services agreement; and 8.DirectstafftoreturntoCouncilforappointmentofaregularDirectorandalternate Director to the Authority’s Board of Directors. CITY OF CUPERTINO Printed on 11/25/2015Page 2 of 2 powered by Legistar™164 1 \ OFFICE OF THE CITY MANAGER SUSTAINABILITY DIVISION CITY HALL 10300 TORRE AVENUE • CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-7603 www.cupertino.org CITY COUNCIL STAFF REPORT Meeting: December 1, 2015 Subject Approve actions related to the formation of, and Cupertino’s membership in, the Silicon Valley Clean Energy Authority, an independent joint powers authority, which will provide a Community Choice Aggregation Program to offer clean energy alternatives for Cupertino residents and businesses; and related CEQA action. Recommended Action 1. Accept the Silicon Valley Community Choice Energy Technical Study Draft Report, and find that the proposed actions are exempt from CEQA; and 2. Conduct the first reading of the Ordinance No. 15-2138: “An Ordinance of the City Council of the City of Cupertino Authorizing the Implementation of a Community Choice Aggregation Program” to create and participate in the Silicon Valley Clean Energy Authority; and 3. Adopt Resolution No. 15-111 of the City Council of the City of Cupertino Approving the Joint Powers Agreement Establishing the Silicon Valley Clean Energy Authority; and 4. Authorize the City Manager to remit up to $450,000, as previously budgeted, to the Silicon Valley Clean Energy Authority to support the initial costs of the Authority; and 5. Approve an increase to the Fiscal Year 2015-16 Sustainability Division Special Project Budget of $100,000 for project contingency as outlined in the JPA; and 6. Direct staff to return to Council with an update and potential action regarding bridge financing for the Authority; and 7. Direct staff to return to Council with a proposal to provide interim project and/or staffing support to the Authority via a separate services agreement; and 8. Direct staff to return to Council for appointment of a regular Director and alternate Director to the Authority’s Board of Directors. 165 2 Description Background Authorized by California law, Community Choice Energy (CCE) enables city and county governments to pool the electricity demand within their jurisdictions to directly procure or generate electrical power supplies on behalf of the residents and businesses in their communities. The main driver for interest in CCE programs in California is the opportunity to accelerate the shift to renewable and low greenhouse gas (GHG) emitting energy sources in support of climate action objectives. While electric supply is handled by the CCE program, the electricity grid and customer service remain with the incumbent utility, or PG&E in Santa Clara County. Three CCE programs now operate in California - Marin Clean Energy, Sonoma Clean Power and Lancaster Choice Energy. In January 2015, the City Council approved Cupertino’s Climate Action Plan (CAP). The CAP provides a blueprint for the City and its community members to respond to the sources of and challenges posed by climate change by outlining a menu of actions to reduce both operational and community greenhouse gas emissions (GHG). It was adopted as a response to the State of California’s legislative directive (AB 32) for cities to develop local plans to reduce GHG emissions. CAPs provide a process through which communities can contribute to the state’s climate protection efforts, recognizing that cities are the population and business centers where emissions are generated, and local governments can serve as a direct connector to policies, programs, and infrastructure to reduce these emissions at their source. Of the more than 200 actions included in Cupertino’s CAP, shifting the energy portfolio to lower GHG sources is the single most impactful action featured, with Community Choice Energy identified as the key approach to accomplishing the shift. Following CAP adoption, the City Manager prioritized the study issue of Community Choice Energy by utilizing approved funding with the FY 2014/15 Budget to initiate an initial assessment of a CCE program with three other South Bay agencies: Sunnyvale, Mountain View and Santa Clara County. The Study included four components: 1) Interest of other communities in forming a South Bay CCE program; 2) Benefits of forming a CCE program, including the potential to advance other strategies within the CAP; 3) Costs and risks to forming a program; and 4) Framework to guide the formation of a CCE program. In May 2015, staff and the project consultant provided a presentation to the City Council on the study issue results. The Assessment Report, The Potential for Community Choice Energy in the Heart of Silicon Valley, was completed by LEAN Energy US. The full report, which was provided to Council at that May meeting, is also available to the public at www.cupertino.org/svcleanenergy. The Partnership Spurred by discussions among elected officials at the Santa Clara County Cities Association, the Cities of Sunnyvale, Cupertino and Mountain View and the County of Santa Clara (for 166 3 its unincorporated areas) contributed funding to the aforementioned collaborative study. With each agency contributing $80,000, the four agencies formed the Silicon Valley CCE Partnership (SVCCEP – www.svcleanenergy.org), with each serving a project role as guided by executive leadership. Sunnyvale staff led the project team, and procured the consultant services needed to support the partnership and to conduct an initial assessment to assist decision-makers with determining whether and how to move forward with a CCE program. Cupertino led community outreach and engagement efforts outlined below. Mountain View is working to review financing options to cover anticipated program start- up costs and working capital requirements, detailed in the fiscal impact section of this report. Upon learning the positive results of the Initial Study, each agency returned to its elected bodies to request additional funding to complete a Technical Study, the results of which are shared in Attachment A. Each agency contributed $170,000 and has made a commitment to fund an additional $350,000 to SVCCEP’s pre-launch activities through their respective FY15/16 Budget. These funds, and associated SVCCEP staff and contracted activities, have been carefully reviewed by the partner’s Executive Committee, comprised of City Managers from each of the four agencies, and Mayor’s Task Force, comprised of Mayors from each of the four partner agencies. In addition, eight other small and medium sized communities in Santa Clara County have stepped forward and expressed interest in the prospect of a multi-jurisdictional CCE. Campbell, Gilroy, Los Gatos, Los Altos, Los Altos Hills, Monte Sereno, Morgan Hill, and Saratoga have all taken a requisite preparatory step of authorizing Sunnyvale to request that PG&E provide detailed electrical data for their jurisdictions. This was essential for conducting the Technical Feasibility Study, as shared in Attachment A. Further, these agencies have been engaged through community outreach efforts lead by the Partnership in their jurisdiction (see Community Engagement Section below) and in the development of the JPA Agreement through the existing network channels including the Santa Clara County Cities Association (elected participants) and the Santa Clara County City and County Manager’s Association (executive leadership). Interest in the CCE model is spreading beyond Santa Clara County, with more than 20 communities throughout California now evaluating and/or pursuing CCE, including San Mateo County, Alameda County, and a collaboration among Monterey, Santa Cruz, and San Benito Counties. Initial Study Results Based on the experiences of the Marin and Sonoma programs (launched in 2010 and 2014, respectively), the Assessment Report found that CCE programs offer many benefits and programs that can be designed to achieve a variety of public policy and program objectives. Both CCE programs offer electricity supply portfolios with lower GHG emissions than that 167 4 of PG&E, with customer options for a standard service (with higher renewable energy ratios than PG&E) and a voluntary program to pay a moderate premium for 100% renewable energy supply. CCE programs also offer competitive rates. While they are careful to not promise to always have rates lower than PG&E, both programs are currently providing lower rates for baseline, greener electricity supply (e.g. 50 percent in Marin and 36 percent in Sonoma). CCE programs can be designed to also achieve other climate action objectives. Local investments can be directed to incentivizing solar installations and energy conservation programs, in addition to promoting innovative approaches that incorporate new technologies. Both operating programs offer favorable terms for existing and new rooftop solar installations. Marin Clean Energy has invested in local and in-state renewable projects totaling more than 225 megawatts (MWs) of new clean power, and resulting in construction and related vendor jobs. In this way, CCE programs also provide local economic development benefits. Sonoma is taking a similar path and is also investing in an innovative 12 MW “floatovolatic” solar array installation atop local irrigation ponds. Marin recently launched a partnership with Tesla to promote on-property battery storage. Marin also secured more than $5M from state public purpose programming funds (paid by all electricity ratepayers) to expand their local energy conservation programs. As such, CCE programs offer strong opportunities to meet CAP objectives for energy conservation and local solar programs. Here in the South Bay, there is also enhanced potential for synergies with Silicon Valley technology companies. These Assessment Report findings were shared with Council in May and its results served as the driver for advancing community engagement efforts and commissioning a more detailed Technical Study, each outlined below. Community Engagement Lead by staff from the City of Cupertino and with support from MIG, Inc., the SVCCEP prepared a comprehensive outreach plan to inform and orient residents, businesses, and community stakeholders in the work of the Partnership. The goals of this process are to educate the community about CCE and gather feedback on community priorities and concerns related to a potential CCE program.  Initial Efforts: In the first phase of the project, a website (www.svcleanenergy.org) was created to disseminate information about the partnership, the process towards implementation, news, events, and resources. Resources available on the website now include the initial assessment report, an animated presentation that serves a primer for CCE, a fact sheet, and frequently asked questions. Those interested in keeping up to date with SVCCEP activities and progress can join an email list-serve from the website. To date, over 225 people have joined this list. For the benefit of Cupertino residents, two CCE stories have been featured in the Cupertino Scene and 168 5 Mayor Sinks hosted a Periscope session on the issue in October. In addition, information about CCE is being shared via NextDoor, the Cupertino Chamber newsletter, Block Leader newsletter, on the City’s website, in the City’s Senior Center newsletter, and with other relevant stakeholders (Sierra Club’s Cupertino COOL, schools, Kirsch Center for Environmental Studies, etc.).  Community Meetings: To further engage residents, the SVCCEP has organized a total of 12 community meetings throughout the County. The first round of six community meetings introduced the community to the concept of CCE and presented results from the SVCCEP’s Initial Assessment Report. These introductory meetings were held in October in Cupertino, Mountain View, Campbell, Sunnyvale, Gilroy, and San Martin. During the meeting, attendees were invited to participate in a short pre-and-post poll related to their comfort with the concept of Community Choice Energy. In hearing from the 100 attendees, the partners have a better understanding of the community’s preferred outcomes, main concerns, and level of interest in a CCE program. Based upon the survey results, the vast majority of attendees (96%) think it is a good idea to create a locally controlled nonprofit to provide cleaner, greener electricity for you at competitive prices. The majority (77%) of attendees noted that their interest in CCE is to help reduce their carbon footprint and most (88%) are willing to pay a premium to have all of their electricity generated by renewable sources. Also encouraging to the partnership was the insight that most attendees reported thinking that their friends, family and neighbors would respond either enthusiastically (35%) to a CCE Program or would be interested in a CCE Program (59%). Full post-poll results by community are available upon request. Building on the momentum from the first round of community meetings, the next round of meetings are being held November through January in the communities of Cupertino, Morgan Hill, Sunnyvale, Mountain View, San Martin, and Los Altos, with additional interest from Campbell, Los Gatos, and Saratoga to also host events. This second round of community meetings will focus on the preliminary results of the partnership’s Technical Study and provide an update on the partnership’s activities to date and decision making in the months ahead.  Business Partnership: With assistance from Joint Venture Silicon Valley, the partnership has also engaged the business community since January 2015 when it hosted a Business Forum on Community Choice Energy at NetApp in Sunnyvale. A follow-up webinar on November 4t provided a primer on CCE and an update on the Silicon Valley CCE Partnership’s formation process and key milestones. The webinar was designed specifically for a business audience, including facilities, energy and sustainability professionals at local corporate and commercial organizations. Topics included how CCE works, where it’s been launched successfully, and what it means for commercial energy customers. The thirty registrants offered unique perspectives 169 6 during the session’s Q&A pertaining to program design and rate structures most compelling to this sector. In addition to a series of workshops open to all businesses, the partnership proposes to work through its next phase of outreach to directly engage with the largest 100 commercial and industrial energy users through one-on- one or small group meetings with the help of Joint Venture. In addition, a total of 5- 10 presentations on CCE are being scheduled with Chambers and other interest groups. Targeted Outreach: Finally, on November 17th, the SVCCEP hosted a productive dialogue with key community and organizational leaders to gain their ideas and learn their concerns regarding the prospect of a Community Choice Energy program. Attendees had the opportunity to provide feedback on the partnership’s activities to date, express what’s most exciting about currently operating CCE programs in California, and describe issues for consideration as the partnership proceeds. A total of 20 attendees from several environmental and community organizations participated in the meeting. This audience may serve as a successful conduit for future outreach activities. Further, presentations upon request have been given to Sunnyvale Cool, the Moffett Park Business Group, the Sunnyvale Democratic Club, the JVSV Smart Energy Enterprise Development Zone (SEEDZ) working group, Cupertino Rotary, and the Santa Clara County Cities Association. Technical Study Findings In November 2014, the City of Sunnyvale on behalf of SVCCEP issued a Request for Qualifications for technical services to complete a Technical Study for purposes of describing the potential benefits and liabilities associated with forming a CCE program in Santa Clara County. Following the outcome of the Initial Assessment Report and Council’s budget authorization for continued CCE efforts, the Partnership hired Pacific Energy Advisors (PEA) to complete this work. PEA has extensive experience in CCE program development in California and has supported the launch of all three operating CCE programs (Marin, Sonoma, and recent program in Lancaster). The final report, shared in Attachment A, reflects the results of PEA’s comprehensive analysis, which addresses prospective CCE operations under a range of scenarios over a ten-year planning horizon, including the identification of anticipated rate/cost impacts, environmental benefits, resource composition and economic development amongst other considerations. A summary of this report is provided below.  SVCCE’s Prospective Customers: Currently, Pacific Gas & Electric (“PG&E”) serves approximately 240,000 customer accounts within communities of the CCE Study Partners, representing a mix of residential (≈90%) and commercial (≈10%) accounts. These customers consume nearly four (4) billion kilowatt hours (“kWh”) of electric 170 7 energy each year. While the majority of customers fall under the residential classification, such accounts historically consume only 34% of the total electricity delivered by PG&E while commercial accounts consume the remaining 66%.  SVCCE Supply Scenarios: For purposes of the Study, PEA and the CCE Study Partners identified three indicative supply scenarios, which were designed to test the viability of prospective CCE operations under a variety of energy resource compositions, emphasizing the SVCCE Partnership’s interest in significantly reducing greenhouse gas emissions (“GHGs”) through increased use of carbon-free electric energy sources. o Scenario 1: Match the incumbent investor-owned utility’s (“IOU”), Pacific Gas & Electric Company (“PG&E”), projected greenhouse gas emissions (“GHGs”) profile while exceeding PG&E’s projected renewable energy content. o Scenario 2: Exceed applicable renewable energy procurement mandates by providing SVCCE customers with a minimum 51% renewable energy content in year one of program operations, scaling up to 66% in year 10, while also promoting a 20% reduction in electric energy sector GHG emissions relative to PG&E’s projected emissions profile by procuring additional GHG-free energy products. o Scenario 3: Maximize renewable energy and GHG-free power supplies while maintaining general parity with PG&E’s projected electric rates throughout the Study period.  Projected SVCCE Impacts: Based on current market prices and various operating assumptions, the Study indicates that SVCCE demonstrates the potential for customer cost savings, significant GHG reductions and economic benefits, as outlined below: o Cost Savings: Scenarios 1 and 2 demonstrate the potential for customer cost savings ranging from 1% to 5%, relative to projected PG&E rates, over the ten- year study period. Scenario 3, which was designed to maximize clean energy deliveries to SVCCE customers, maintains general rate parity with PG&E. o Environmental Benefits: Scenario 1, which was specifically designed to match the incumbent utility’s projected GHG emissions profile, did not yield any expected emissions savings. Supply Scenario 2, which was framed to achieve specified proportionate GHG emission reductions of at least 20% relative to the incumbent utility, resulted in annual emissions reductions ranging from approximately 38,000 (Year 1 impact) to 82,000 (Year 10 impact) metric tons. Scenario 3 yielded the most significant emissions benefits – annual projected emissions reductions ranged from approximately 112,000 (Year 1 impact) to 352,000 (Year 10 impact) metric tons, a proportionate annual GHG reduction ranging from 60% (Year 1 impact) to 86% (Year 10 impact) relative to PG&E’s projected emission profile. 171 8 o Economic Benefits: The prospective SVCCE long-term contract portfolio includes approximately 340 MW of new generating capacity, all of which is assumed to be located within California and some of which may be located within communities of the CCE Study Partners. Based on widely used industry models, such projects are expected to generate up to 11,000 construction jobs and as much as $1.4 billion in total economic output. Ongoing operation and maintenance (“O&M”) jobs associated with such projects are expected to employ as many as 185 full time equivalent positions (“FTEs”) with additional annual economic output approximating $30 million. SVCCE would also employ a combination of staff and contractors, resulting in additional ongoing job creation (up to 30 FTEs per year) and related annual economic output ranging from $3 to $9 million.  Risks and Sensitivity Analysis: Sensitivity analyses were performed by PEA to examine the range of impacts that could result from changes in the assumed base case. The key variables examined are: 1) power and natural gas prices; 2) renewable energy prices; 3) low carbon energy prices; 4) PG&E rates; 5) PG&E surcharges; and 6) customer participation/opt-out rates. Additionally, a “small JPA” sensitivity case was run reflective of minimal community participation in the SVCCE joint powers agency to test the viability of a much smaller CCE program, and a “perfect storm” sensitivity was run to examine the cumulative impacts of adverse changes to the key variables. The sensitivity analysis produced a range of levelized electric rates for the CCE program and PG&E. The Technical Study also highlights risks that may be faced by the CCE program as well as related risk-mitigation measures, including, but not limited to, the following: o Financial risks to SVCCE’s member municipalities in the unlikely event of CCE failure; 
 o Financial risks that may exist in the event that procured energy volumes fall short of or exceed actual 
customer energy use; 
 o Reasonably foreseen legislative and regulatory changes, which may limit a CCE’s ability to remain 
competitive with the incumbent utility; 
 o Availability of renewable and carbon-free energy supplies required to meet compliance mandates, 
SVCCE program goals, and customer commitments; and 
 o General market volatility and price risk. 
 Timeline & Next Steps The graphic below provides a high level summary of the main steps involved in forming a CCE program that culminates in the provision of service to enrolled customers. Key implementation activities envisioned for SVCCEP include those related to 1) CCE entity 172 9 formation; 2) regulatory requirements; 3) procurement; 4) financing; 5) organization; and 6) customer noticing.  JPA Formation: December 2015 – March 2016 Unless the municipal organization that will legally register as the CCE entity already exists, it must be legally established. Municipalities electing to offer or allow others to offer CCE service within their jurisdiction must do so by ordinance. The two existing multi-jurisdictional CCE programs each employ a Joint Powers Authority structure for program governance. Such a structure offers centralized administration of the operations and typically representation from each community on the Board of Directors. The JPA structure also offers a legal and fiscal firewall so that the assets and liabilities of the CCE program are completely separate from the general funds of member cities. Over the past year, the project team facilitated the development of a governance structure for a CCE program, engaging all twelve agencies in this process. The results of this effort are embodied in the attached JPA Agreement (Attachment D). This effort was facilitated by Greg Stepanicich, Esq. (of Richards Watson and Gershon) who supported the launch of Marin Clean Energy. The JPA documents developed for the “Silicon Valley Clean Energy Authority” build from those of the two existing programs, which also have many similarities, with Sonoma having used the Marin agreement as a model for its own structure. Key features of the Silicon Valley Clean Energy Authority Agreement include the following: o Effective Date (2.1) & Initial Participants (2.2) – The Agreement becomes effective on or prior to March 31, 2016 if executed by at least three Initial Participants after the adoption of Ordinances as required by the Public Utilities Code. o Purpose (2.4) - To study, promote, develop, conduct, operate and manage energy and energy-related climate change programs o Board of Directors (4.1) – The Board is comprised of one Director from each Party. The governing body of each Party appoints a regular Director (from among the governing body) and an alternate (which need not be from among the governing body). o Board Voting (4.9) - actions of the Board on all matters shall require an 173 10 affirmative vote of a majority of all Directors on the entire Board, unless a supermajority is specified. Two or more Directors may request that a voting shares vote also be held (4.9.2) which is based upon the Party’s proportional annual energy use (4.9.3). In such cases, both the vote by Directors and the voting shares vote must be affirmative for an action to be approved by the Board. o Funding of Initial Costs (6.3.2) - In the event that the CCE Program becomes operational, these Initial Costs paid by the Initial Participants shall be reimbursed by the Authority within four years of the Effective Date. o Withdrawal (7.1) - The agreement provides opportunities for a Party to withdraw and describes their ongoing obligations and liabilities where applicable. Such obligations can include losses to the Authority for the power contracted to serve a Party’s jurisdiction. An additional provision for early withdrawal allows that a Party may withdraw should be procurement process not yield successful results (cleaner energy for rates at or below that of PG&E). The Board of Directors is targeted to have its first meeting in April 2016.  Regulatory Compliance: January 2016 – November 2016 Before aggregating customers, the CCE program must meet certain requirements set forth by the California Public Utilities Commission (CPUC). In the case of SVCCE, an Implementation Plan must be adopted by the JPA, and that Implementation Plan must be submitted to the CPUC The Implementation Plan must include the following: o An organizational structure of the program, its operations, and its funding; o Ratesetting and other costs to participants; o Provisions for disclosure and due process in setting rates and allocating costs among participants; o The methods for entering and terminating agreements with other entities; o The rights and responsibilities of program participants, including, but not limited to, consumer protection procedures, credit issues, and shutoff procedures; o Termination of the program; and o A description of the third parties that will be supplying electricity under the program, including, but not limited to, information about financial, technical, and operational capabilities. A Statement of Intent must be included with the Implementation Plan that provides for: universal access, reliability, equitable treatment of all classes of customers, and any requirements established by law or the CPUC concerning aggregated service. The CPUC has 90 days to complete a review and certify the Implementation Plan. Following certification of the Implementation Plan, the CCE entity must submit a registration packet to the CPUC, which includes: 174 11 o An executed service agreement with PG&E, which may require a security deposit; and o A bond or evidence of sufficient insurance to cover any reentry fees that may be imposed against it by the CPUC for involuntarily returning customers to PG&E service. The current CCE bond amount is $100,000. The CCE program would be required to participate in the CPUC’s resource adequacy program before commencing service to customers by providing load forecasts and advance demonstration of resource adequacy compliance. More specifically, a start-up CCE program would be required to file a formal load forecast with the CEC upon execution of a primary supply contract, which triggers a 100% commitment to program launch.  Procurement: May 2016 – November 2016 Power supplies must be secured several months in advance of commencing service. Power purchase agreements, with one or more power suppliers, would be negotiated, typically following a competitive selection process. Services that are required include provision of energy, capacity, renewable energy and scheduling coordination.  Financing: April 2016 – October 2016 Funding must be obtained to cover program and Agency start-up activities and working capital needs. Start-up funding is typically secured early in the implementation process, as these funds are needed to conduct due diligence, planning and program development, and other critical activities leading up to service commencement. Working capital lender commitments should be secured well in advance, but actual credit drawdown need not occur until 4-6 months prior to program launch and customer enrollment.  Organizational Formation: April 2016 – February 2017 Initial staff positions would be filled several months in advance of service commencement to conduct the implementation process. On an interim basis, Parties are envisioned to provide some functional services to the JPA under separate service agreements. Initially, internal staff of the CCE program may be relatively small but this would likely change in the event that the CCE determines to insource various administrative and operational responsibilities and/or develops and administers new programs for its customers. Contracts with other service providers, such as for data management services, would be negotiated and put into effect well in advance of service commencement. 175 12  Community Engagement & Customer Noticing January 2017 – ongoing If authorized by agency’s elected bodies to move forward into SVCCE’s pre-launch activities, the partnership will intensify its outreach efforts. By law, every customer being enrolled into the CCE program must receive a minimum of four written notifications prior to program launch. For study purposes, the Technical Feasibility Study assumes that customers will be enrolled three phases, each comprising a third of the total customer base, over a 25-month period. Such notices must contain program terms and conditions as well as opt-out instructions and must be sent to prospective customers at least twice within the sixty-day period immediately preceding automatic enrollment. These notices are referred to as “pre-enrollment” notices. Two additional “post-enrollment” notices must be provided within the sixty-day period following customer enrollment during the statutory opt-out period. This costly direct mail campaign will also be paired with more cost-effective social media, collateral development, traditional advertising, and grassroots organizing (e.g. tabling at farmers markets, festivals, etc.). The partnership’s cost-share proposal (Attachment D: JPA Agreement, Exhibit E) anticipates these approaches, which will be assimilated into a next-phase Outreach Plan, should participation in the JPA be approved.  Ratesetting & Program Development: November 2016 – ongoing As a California CCE, SVCCE would have independent ratesetting authority with regard to the electric generation charges imposed on its customers. Prior to service commencement, SVCCE would need to establish initial customer generation rates for each of the customer groups represented in its first operating phase or for all prospective customers within the CCE’s prospective service territory. SVCCE may decide to create a schedule of customer generation rates that generally resembles the current rate options offered by PG&E as has been the case with existing programs. This practice would facilitate customer rate comparisons and should avoid confusion that may occur if customers were to be transitioned to dissimilar tariff options. SVCCE would need to establish a schedule for ongoing rate updates and changes for future customer phases and ongoing operations. SVCCE may also choose to offer certain customer-focused programs, such as Net Energy Metering (NEM), voluntary green pricing and/or feed-in tariff (FIT) programs, at the time of service commencement. To the extent that SVCCE intends to offer such programs, specific program design would need to be done in advance of service commencement. Sustainability Impact Cupertino’s Climate Action Plan identifies a suite of measures to achieve targeted emissions reductions for 2020 (20%), 2035 (50%) and 2050 (80%). This Plan specifically points to Community Choice Energy as the most impactful and cost-effective measure to achieve 176 13 these emissions targets for our community. Measure C-E-7 specifically identifies the formation of a Community Choice Energy program and defines a pathway to achieve this goal and associated emissions reductions. Upon launch, the SVCCEP will enable our agency to achieve 50 percent of its 2020 greenhouse gas emissions goals. The decision to proceed with the Joint Powers Authority is exempt from environmental review because it involves organizational and administrative activities that will not result in any direct or indirect physical change to the environment. (CEQA Guidelines 15378(b)(5), 15061(b) (3).) Fiscal Impact The Technical Feasibility Study concludes that ~$2.9M would be needed to support the development of SVCCEP, inclusive of initial staff hires, implementation plan development, procurement, community outreach, utility bond requirement, and the initial customer notification and enrollment process. A summary of program cost components is shown below. The JPA will refine these estimates after formation. Cost Item Amount Internal Staff $730,000 Technical Consulting and Legal Services $620,000 Marketing and Communications $280,000 Customer Noticing and Mailers $120,000 Security Deposits $40,000 Miscellaneous Administrative and General $95,000 CCE Bond $100,000 Debt Service $720,000 Other Pre-launch Activities $180,000 Total $2,885,000 It is intended that approximately $2M of this amount will be funded by contributions from participating jurisdictions (shown as Initial Costs in Exhibit E of the JPA Agreement, and included here as Attachment D) with the remaining $900,000 financed through a bank line of credit or municipal term loan. Note that these initial can be recovered over a period time from the operating revenue of CCE program if launched. Up to now, the Partnership efforts have been funded by the Cities of Cupertino, Mountain View, and Sunnyvale and County of Santa Clara, with each contributing a total of $170,000 to date. These four lead agencies are envisioned to contribute an additional $350,000 to support program launch with an additional $100,000 being requested as a contingency to supplement the Initial Costs of the JPA should multiple Parties decline to join. The JPA also requires funding contributions from the other eight Initial Participants in lesser amounts. 177 14 In addition, the JPA will require operating capital and significant credit capacity for its initial power supply contract. The amount is currently projected between $10M-$15M and will depend on the size of initial program roll out. This credit requirement may be met through a bank or municipal term loan, with a repayment/refinancing period of 3-5 years. It is important to note that a portion or all of the initial loan amount will require a credit guaranty, most often provided by a single or multiple member agencies of the JPA. This guaranty stays in place until the program is operational, revenues begin flowing into JPA, and the creditor removes the guaranty requirement. The process for identifying potential banking partners and securing working capital and the necessary credit for the first energy contract is beginning under the direction of the current Partnership for presentation and decision making by the JPA Board. Beyond the costs associated with forming and operating Silicon Valley Clean Energy, it should be noted that, based upon the scenarios provided in the Technical Study, this program has the potential to reduce operational costs for its member agencies, in addition to the community at large. Should Scenario 2, which offers a modest 3% savings/year over PG&E rates, be achieved by the program, the City of Cupertino could save up to ~$24,000 on its annual electricity bills. Such rates would also allow the Cupertino Union School District to achieve ~$60,000 in annual savings. While rate savings cannot be guaranteed at all times, it is the stated goal of the proposed CCE to offer competitive rates to PG&E, striving for stable and lower electrical rates over the life of the program. _____________________________________ Prepared by: Erin Cooke, Assistant to the City Manager & Sustainability Manager Approved for Submission by: David Brandt, City Manager Attachments: A. Technical Study Draft Report B. Community Choice Energy Ordinance C. Joint Powers Authority Resolution D. Joint Powers Authority Agreement 178 DRAFT SILICON VALLEY COMMUNITY CHOICE ENERGY TECHNICAL STUDY 11/25/2015 Prepared by Pacific Energy Advisors, Inc. This Technical Study was prepared for the Silicon Valley Community Choice Energy (SVCCE) Partnership for purposes of forming a Community Choice Energy (CCE) program, which would provide electric generation service to residential and commercial customers located within Santa Clara County. A detailed discussion of the projected operating results related to the SVCCE program is presented herein. 179 Draft Silicon Valley Community Choice Energy Technical Study Draft Silicon Valley Community Choice Energy Technical Study PREPARED BY PACIFIC ENERGY ADVISORS, INC. Table of Contents EXECUTIVE SUMMARY ............................................................................................................................. 1 SECTION 1: INTRODUCTION .................................................................................................................... 9 SECTION 2: STUDY METHODOLOGY ...................................................................................................... 12 Supply Scenario Overview ........................................................................................................................................... 13 Key Assumptions.............................................................................................................................................................. 15 Multi-Phase Customer Enrollment ................................................................................................................................. 16 Indicative Renewable Energy Contract Portfolio ..................................................................................................... 16 Energy Production Options & Scenario Composition ............................................................................................... 20 Scenario 1: GHG Emissions Parity and Additional Renewable Energy Supply Relative to PG&E ............. 21 Scenario 2: 20% Annual GHG Emissions Reductions; Increased Renewable Energy Procurement ............. 24 Scenario 3: Maximize GHG Emissions Reductions while Maintaining General Rate Parity.......................... 27 Costs and Rates............................................................................................................................................................... 30 Greenhouse Gas Emissions ............................................................................................................................................ 32 Economic Development Impacts ................................................................................................................................... 33 Local Economic Development Benefits Potential .................................................................................................... 36 SECTION 3: SVCCE TECHNICAL PARAMETERS (ELECTRICITY CONSUMPTION) ..................................... 38 Historical and Projected Electricity Consumption ...................................................................................................... 38 Projected Customer Mix and Energy Consumption .................................................................................................. 40 Renewable Energy Portfolio Requirements ............................................................................................................... 41 Capacity Requirements ................................................................................................................................................. 43 SECTION 4: COST OF SERVICE ELEMENTS .............................................................................................. 45 Electricity Purchases........................................................................................................................................................ 45 Renewable Energy Purchases....................................................................................................................................... 45 Electric Generation ......................................................................................................................................................... 47 Transmission and Grid Services ................................................................................................................................... 47 Start-Up Costs ................................................................................................................................................................. 47 Financing Costs ................................................................................................................................................................ 49 Billing, Metering and Data Management .................................................................................................................. 49 Staff and Other Operating Costs ............................................................................................................................... 50 Uncollectible Accounts .................................................................................................................................................... 50 Program Reserves ........................................................................................................................................................... 50 Bonding and Security Requirements ........................................................................................................................... 50 PG&E Surcharges ........................................................................................................................................................... 50 180 Draft Silicon Valley Community Choice Energy Technical Study SECTION 5: COST AND BENEFITS ANALYSIS ......................................................................................... 52 Scenario 1 Study Results ............................................................................................................................................... 52 Ratepayer Costs .......................................................................................................................................................... 52 GHG Impacts ................................................................................................................................................................ 54 Scenario 2 Study Results ............................................................................................................................................... 56 Ratepayer Costs .......................................................................................................................................................... 56 GHG Impacts ................................................................................................................................................................ 57 Scenario 3 Study Results ............................................................................................................................................... 59 Ratepayer Costs .......................................................................................................................................................... 59 GHG Impacts ................................................................................................................................................................ 60 SECTION 6: SENSITIVITY ANALYSES ...................................................................................................... 63 Power and Natural Gas Prices .................................................................................................................................... 63 Renewable Energy Costs ............................................................................................................................................... 63 Carbon-Free Energy Costs ............................................................................................................................................ 64 PG&E Rates ..................................................................................................................................................................... 64 PG&E Surcharges ........................................................................................................................................................... 65 Opt-Out Rates ................................................................................................................................................................. 65 Community Participation (Small JPA) .......................................................................................................................... 66 Perfect Storm ................................................................................................................................................................... 66 Sensitivity Results ............................................................................................................................................................ 66 SECTION 7: RISK ANALYSIS ................................................................................................................... 70 Financial Risks to SVCCE Members ............................................................................................................................. 70 Deviations between Actual Energy Use and Contracted Purchases ..................................................................... 71 Legislative and Regulatory Risk ................................................................................................................................... 72 Availability of Requisite Renewable and Carbon-Free Energy Supplies............................................................ 74 Market Volatility and Price Risk .................................................................................................................................. 75 SECTION 8: CCE FORMATION ACTIVITIES ............................................................................................. 77 CCE Entity Formation ...................................................................................................................................................... 77 Regulatory Requirements .............................................................................................................................................. 77 Procurement ..................................................................................................................................................................... 78 Financing .......................................................................................................................................................................... 78 Organization ................................................................................................................................................................... 78 Customer Notices ............................................................................................................................................................ 78 Ratesetting and Preliminary Program Development ............................................................................................... 78 SECTION 9: EVALUATION AND RECOMMENDATIONS .......................................................................... 80 APPENDIX A: SVCCE PRO FORMA ANALYSES ...................................................................................... 83 181 Draft Silicon Valley Community Choice Energy Technical Study Executive Summary Page 1 EXECUTIVE SUMMARY This Community Choice Energy (“CCE”) Technical Study (“Study”) was prepared for the Silicon Valley Community Choice Energy (“SVCCE”) Partnership, by Pacific Energy Advisors, Inc. (“PEA”) under contract with the City of Sunnyvale, for purposes of describing the potential benefits and liabilities associated with forming a CCE program in Santa Clara County. Such a program would provide electric generation service to residential and business customers located within the SVCCE Partner jurisdictions. The SVCCE Partnership is sponsored by the Cities of Cupertino, Mountain View, and Sunnyvale and the County of Santa Clara. The Partnership has expanded the scope of the study to include eight additional communities in Santa Clara County including Campbell, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Monte Sereno, Morgan Hill, and Saratoga, Campbell, Los Gatos, Monte Sereno, Morgan Hill and Gilroy; these 12 communities comprise the “CCE Study Partners.” This Study addresses the potential benefits and liabilities associated with forming a CCE program over a ten- year planning horizon, drawing from the best available market intelligence and PEA’s direct experience with each of California’s operating CCE programs – PEA has unique experience with regard to California CCE program evaluation, development and operation, having provided broad functional support to each operating CCE, which include Marin Clean Energy (“MCE”), Sonoma Clean Power (“SCP”) and Lancaster Choice Energy (“LCE”). PEA utilized this direct experience to generate a set of anticipated scenarios for SVCCE operations as well as a variety of sensitivity analyses, which were framed to demonstrate how certain changes in the base case scenarios would influence anticipated operating results for the SVCCE program. SVCCE’s Prospective Customers Currently, Pacific Gas & Electric (“PG&E”) serves approximately 240,000 customer accounts within communities of the CCE Study Partners, representing a mix of residential (≈90%) and commercial (≈10%) accounts. These customers consume nearly four (4) billion kilowatt hours (“kWh”) of electric energy each year. While the majority of customers fall under the residential classification, such accounts historically consume only 34% of the total electricity delivered by PG&E while commercial accounts consume the remaining 66%. Peak customer demand within communities of the CCE Study Partners, which represents the highest level of instantaneous energy consumption throughout the year, occurs during the month of July, totaling 660 megawatts (“MW”). Under CCE service, each of these accounts would be enrolled in the SVCCE program over a three-phase implementation schedule commencing in early 2017, as later discussed in this Study. Consistent with California law, customers may elect to take service from the CCE provider or remain with PG&E, a process known as “opting-out.” For purposes of the Study, PEA utilized current participatory statistics compiled by the operating CCE programs to derive an assumed participation rate of 85% for the SVCCE program; the remaining 15% of regional customers are assumed to opt-out of the SVCCE program and would continue receiving generation service from PG&E. Customer and energy usage projections referenced throughout this Study reflect such adjustment. SVCCE Indicative Supply Scenarios For purposes of the Study, PEA and the CCE Study Partners identified three indicative supply scenarios, which were designed to test the viability of prospective CCE operations under a variety of energy resource compositions, emphasizing the SVCCE Partnership’s interest in significantly reducing greenhouse gas emissions (“GHGs”) through increased use of carbon-free electric energy sources. As described to PEA, many local agencies within the region have adopted climate action plans, which recognize CCE formation as a viable opportunity to promote the achievement of targeted GHG reductions. With these considerations in mind, the following supply scenarios were constructed for purposes of completing this CCE Study: 182 Draft Silicon Valley Community Choice Energy Technical Study Page 2 Executive Summary  Scenario 1: Match the incumbent investor-owned utility’s (“IOU”), Pacific Gas & Electric Company (“PG&E”), projected greenhouse gas emissions (“GHGs”) profile while exceeding PG&E’s projected renewable energy content.1  Scenario 2: Exceed applicable renewable energy procurement mandates by providing SVCCE customers with a minimum 51% renewable energy content in year one of program operations, scaling up to 66% in year 10, while also promoting a 20% reduction in electric energy sector GHG emissions relative to PG&E’s projected emissions profile by procuring additional GHG-free energy products.2  Scenario 3: Maximize renewable energy and GHG-free power supplies while maintaining general parity with PG&E’s projected electric rates throughout the Study period.3 When considering the prospective supply scenarios evaluated in this Study, it should be understood that SVCCE would not be limited to any particular scenario assessed in this Study; the Study’s supply scenarios were developed in cooperation with CCE Study Partner leadership for the purpose of demonstrating potential operating outcomes of a new CCE program under a broad range of resource mixes, which generally reflect key objectives of the Study participants. Prior to the procurement of any particular energy products, SVCCE would have an opportunity to refine its desired resource mix, which may differ from the prospective scenarios reflected herein. When developing SVCCE’s indicative supply scenarios, PEA was directed to include additional assumptions. In particular, all scenarios include the provision of a voluntary retail service option that would provide participating customers with 100% renewable energy (presumably for a price premium); for purposes of this Study, it was assumed that only a small percentage of SVCCE customers would select this service option (≈2% of the projected SVCCE customer base), which is generally consistent with customer participation in other operating CCE programs. In addition, all scenarios assume the availability of current solar development incentives as well as an SVCCE-administered net energy metering (“NEM”) service option, which could be used to further promote the development of local, customer-sited renewable resources. PEA was also directed to exclude the use of: 1) unbundled renewable energy certificates (due to ongoing controversy focused on environmental benefit accounting for such products); 2) specified purchases from nuclear generation, which is generally unavailable to wholesale energy buyers, including CCE programs, but represents a significant portion of PG&E’s energy resource mix4; and 3) coal generation,5 which is a cost-effective but highly polluting domestic power source. 1 Consistent with California’s Renewables Portfolio Standard (“RPS”) laws, retail sellers of electric energy, including CCEs, must procure a minimum 33% of all electricity from eligible renewable energy sources by 2020; with the recent enrollment of Senate Bill 350, California’s RPS procurement mandate has been increased to 50% by 2030. 2 Industry accepted GHG accounting practices generally recognize eligible renewable energy sources as GHG-free. Under the Scenario 2 portfolio composition, incremental purchases of non-RPS-eligible GHG-free sources, specifically electricity produced by larger hydroelectric resources (with nameplate generating capacity in excess of 30 megawatts) would be procured by SVCCE to achieve the noted GHG emissions reductions. 3 Under Scenario 3, the proportion of RPS-eligible renewable energy would achieve specified procurement mandates throughout the Study period. Similar to Scenario 2, additional GHG-free energy purchases would be made, subject to the specified rate constraint, in an effort to maximize the proportion of clean energy (e.g., renewable energy plus additional GHG-free energy) delivered to SVCCE customers. 4 According to PG&E’s 2013 Power Content Label, 22% of total electric energy supply was sourced from nuclear generating facilities; in 2014, a similar proportion of PG&E’s total electric energy supply was sourced from nuclear generating facilities: 21%, as reflected in PG&E’s Power Source Disclosure Report for the 2014 calendar year. 5 According to the California Energy Commission, approximately 6% of California’s total system power mix is comprised of electric energy produced by generators using coal as the primary fuel source: http://energyalmanac.ca.gov/electricity/total_system_power.html. 183 Draft Silicon Valley Community Choice Energy Technical Study Executive Summary Page 3 Projected Cost Impacts to SVCCE Customers Based on current market prices and various operating assumptions, as detailed in Section 2: Study Methodology, the Study indicates that SVCCE would be viable under a broad range of market conditions, demonstrating the potential for customer cost savings and significant GHG reductions. In particular, Scenarios 1 and 2 demonstrate the potential for customer cost savings ranging from 1% to 5%, relative to projected PG&E rates, over the ten-year study period. Scenario 3, which was designed to maximize clean energy deliveries to SVCCE customers subject to general rate parity with PG&E, demonstrated that significant environmental benefits could be achieved through such a procurement strategy: average GHG emissions reductions approximating 73% and a renewable energy content of 76% were deemed achievable at rate parity during the 10-year Study period. As previously noted, none of the prospective supply scenarios include the use of unbundled renewable energy certificates; renewable energy products will be exclusively limited to “bundled” deliveries produced by generators primarily located within: 1) California; 2) communities of the SVCCE Study Partners; and 3) elsewhere in the western United States. General Operating Projections When reviewing the pro forma financial results associated with each of the prospective supply scenarios, as reflected in Appendix A of this Study, the “Total Change in Customer Electric Charges” during each year of the study period reflects the projected net revenues (or deficits) that would be realized by SVCCE in the event that the program decided to offer customer electric rates that were equivalent to similar rates charged by PG&E. To the extent that the Total Change in Customer Electric Charges is negative, SVCCE would have the potential to offer comparatively lower customer rates/charges, relative to similar charges imposed by PG&E; to the extent that such values are positive, SVCCE would need to impose comparatively higher customer charges in order to recover expected costs. Ultimately, the disposition of any projected net revenues will be determined by SVCCE leadership during annual budgeting and rate-setting processes. For example, in the cases of Scenario 1 and Scenario 2, each year of the study period reflects the potential for net revenues. Such net revenues could be passed through to SVCCE customers in the form of comparatively lower electric rates/charges, as contemplated in this Study, utilized as working capital for program operations in an attempt to reduce program financing requirements, or SVCCE leadership could strike a balance between reduced rates and increased funding for complementary energy programs, such as Net Energy Metering, customer rebates (to promote local distributed renewable infrastructure buildout or energy efficiency, for example) as well as other similarly focused programs. SVCCE leadership would have considerable flexibility in administering the disposition of any projected net revenues, subject to any financial covenants that may be entered into by the program. Environmental Impacts With regard to SVCCE’s anticipated clean energy supply and resultant GHG emissions impacts, each prospective supply scenario yielded progressively increasing environmental benefits, resulting from the incremental addition of renewable and other GHG-free power sources. For example, Scenario 1, which was specifically designed to match the incumbent utility’s projected GHG emissions profile (while marginally exceeding proportionate renewable energy procurement of the incumbent utility), did not yield any expected emissions savings. Supply Scenario 2, which was framed to achieve specified proportionate GHG emission reductions relative to the incumbent utility, resulted in annual emissions reductions ranging from approximately 38,000 (Year 1 impact) to 82,000 (Year 10 impact) metric tons. Scenario 3 yielded the most significant emissions benefits, as current market pricing for renewable and GHG-free power sources allowed for the significant majority of SVCCE’s projected power resource portfolio to be sourced from these supply options while still remaining at rate parity with PG&E throughout the 10-year Study period – annual projected emissions reductions ranged from approximately 112,000 (Year 1 impact) to 352,000 (Year 10 impact) 184 Draft Silicon Valley Community Choice Energy Technical Study Page 4 Executive Summary metric tons, a proportionate annual GHG reduction ranging from 60% (Year 1 impact) to 86% (Year 10 impact) relative to PG&E’s projected emission profile. With regard to the anticipated GHG emissions impacts reflected under each scenario, it is important to note that such estimates are significantly influenced by PG&E’s ongoing use of nuclear generation, which is generally recognized as GHG-free. In particular, the Diablo Canyon Power Plant (“DCPP”) produces approximately 20% of the utility’s total annual electric energy requirements. During the latter portion of the Study period, DCPP will need to relicense the facility’s two reactor units (in 2024 and 2025, respectively) and there is some uncertainty regarding PG&E’s ability to successfully relicense these units under the current configuration, which utilizes once-through cooling as part of facility operations – use of once-through cooling is no longer permissible within California, and affected generators must reconfigure requisite cooling systems or face discontinued operation. To the extent that PG&E’s use of nuclear generation is curtailed or suspended at some point in the future, SVCCE’s projected emissions reductions would significantly increase under Scenarios 2 and 3. However, due to the timing of the relicensing issue facing DCPP, substantive increases to projected environmental benefits (resulting from prospective changes to PG&E’s nuclear power supply) should not be assumed during the Study period. The various energy supply components underlying each scenario are broadly categorized as:  Conventional Supply (generally electric generation produced through the combustion of fossil fuels, particularly natural gas within the California energy markets);  “Bucket 1” Renewable Energy Supply (generally renewable energy produced by generating resources located within or delivering power directly to California);  “Bucket 2” Renewable Energy Supply (generally renewable generation imported into California); and  Additional GHG-Free Supply (generally power from large hydro-electric generation facilities, which are not eligible to participate in California’s RPS certification program). For the sake of comparison, Table 1 displays PG&E’s proportionate use of various power sources during the most recent reporting year (2014) as well as the aggregate resource mix within the state of California, as reported by the California Energy Commission (“CEC”). During the Study period, planned increases in California’s RPS procurement mandate and various other factors will contribute to periodic changes in the noted resource mix. Such changes will affect projected GHG emissions comparisons between SVCCE and PG&E. 185 Draft Silicon Valley Community Choice Energy Technical Study Executive Summary Page 5 Table 1: 2014 PG&E and California Power Mix Energy Resource 2014 PG&E Power Mix1 2014 California Power Mix2 Eligible Renewable 27% 20% --Biomass & Waste 5% 3% --Geothermal 5% 4% --Small Hydroelectric 1% 1% --Solar 9% 4% --Wind 7% 8% Coal 0% 6% Large Hydroelectric 8% 6% Natural Gas 24% 45% Nuclear 21% 9% Unspecified Sources of Power 21% 14% Total3 100% 100% 1Source: PG&E 2014 Power Source Disclosure Report; 2Source: California Energy Commission; 3Numbers may not add due to rounding. Projected Economic Development Benefits SVCCE’s projected long-term power contract portfolio is also expected to have the potential to generate substantial economic benefits throughout the state as a result of new renewable resource development. A moderate component of this impact is expected to occur within the local economy as a direct result of renewable infrastructure buildout to be supported by a SVCCE-administered Feed-In Tariff program, which could be designed to promote the development of smaller-scale renewable generating projects that would supply a modest portion of SVCCE’s total energy requirements. The prospective SVCCE long-term contract portfolio, which is reflected in the anticipated resource mix for each supply scenario, includes approximately 340 MW of new generating capacity (all of which is assumed to be located within California and some of which may be located within communities of the CCE Study Partners). Based on widely used industry models, such projects are expected to generate up to 11,000 construction jobs and as much as $1.4 billion in total economic output. Ongoing operation and maintenance (“O&M”) jobs associated with such projects are expected to employ as many as 185 full time equivalent positions (“FTEs”) with additional annual economic output approximating $30 million. SVCCE would also employ a combination of staff and contractors, resulting in additional ongoing job creation (up to 30 FTEs per year) and related annual economic output ranging from $3 to $9 million. Consolidated Scenario Highlights The following exhibit identifies the projected operating results under each supply scenario in Year 1 of anticipated CCE operations. Additional details regarding the composition of each supply scenario are addressed in Section 2. 186 Draft Silicon Valley Community Choice Energy Technical Study Page 6 Executive Summary The following exhibit identifies the projected operating results under each supply scenario in Year 10 of anticipated CCE operations. Note that projected reductions in customer savings, which are reflected in Year 10 operating results, substantially relate to the increased use of renewable and other carbon-free resources throughout the Study period. Such resources are generally more expensive that fossil-fueled power sources and impose upward pressure on SVCCE’s projected power supply costs, resulting in reduced customer savings. Key Considerations Scenario1 Scenario 2 Scenario 3 General EnvironmentalBenefits Renewable energy and GHG content 36% Renewable 63% Total GHG-Free 51% Renewable 70% Total GHG-Free 76% Renewable 85% Total GHG-Free RateCompetitiveness Incremental renewable/clean energy purchases will impose upward pressure on SVCCEcustomer rates Average 4% savingsrelative to PG&E rate projections Average 3% savingsrelative to PG&E rate projections Average savingsof <1% relative to PG&E rate projections Projected Residential Customer Cost Impacts1 Resource choices will influence monthly energy costs 1Average monthly usage for SVCCE res. customers ≈ 510 kWh Average $5.09 monthly cost savingsrelative to PG&E rate projections Average $3.49 monthly cost savingsrelative to PG&E rate projections Average $0.76 monthly cost savingsrelative to PG&E rate projections Assumed SVCCE Participation Projected rate savings/increases are assumedto impact customer participation levels; medium and large commercial customers are assumed to be highly cost sensitive 85%customer participation rate assumed across all customer groups 85%customer participation rate assumed across all customer groups 85%customer participation rate assumed across all customer groups Comparative GHG Emissions Impacts GHG emissionsimpact relative to assumed PG&E portfolio 0.158 metric tons CO2/MWh emissions rate is equivalent to PG&E, resultingin zero incremental GHG emissions impacts in Year 1 0.126 metric tons CO2/MWh emissions rate results in ≈38,000 metric ton GHG emissions reduction(20%) in Year 1 0.064 metric tons CO2/MWh emissions rate results in ≈112,000 metric ton GHG emissions reduction (60%) in Year 1 Silicon Valley CCE Indicative Supply Scenarios: Year 1 Bucket 1 RE Supply (In-State Supply) Bucket 2 RE Supply (Imported Supply)Additional GHG-Free Supply Conventional Supply Year 1 Scenario 1 Year 1 Scenario 2 Year 1 Scenario 3 187 Draft Silicon Valley Community Choice Energy Technical Study Executive Summary Page 7 Findings and Conclusions Based on the results reflected in this Study and PEA’s considerable experience with California CCEs, the SVCCE program has a variety of electric supply options that are projected to yield both customer rate savings and environmental benefits. To the extent that clean energy options, including renewable energy and hydroelectricity, are used in place of conventional power sources, which utilize fossil fuels to produce electric power, anticipated SVCCE costs and related customer rates would be marginally higher. However, Scenarios 2 and 3 indicate that the potential exists for significant GHG emissions reductions and increased renewable energy deliveries under a scenario in which SVCCE rates are equivalent (on a projected basis) to or below similar rates charged by the incumbent utility. Ultimately, SVCCE’s ability to demonstrate rate competitiveness (while also offering environmental benefits) would hinge on prevailing market prices at the time of power supply contract negotiation and execution. Depending on inevitable changes to market prices and other assumptions, which are substantially addressed through the various sensitivity analyses reflected in this Study, SVCCE’s actual electric rates may be somewhat lower or higher than similar rates charged by PG&E and would be expected to fall within a competitive range needed for program viability. As with California’s operating CCE programs, SVCCE’s ability to secure requisite customer energy requirements, particularly under long term contracts, will depend on the program’s perceived creditworthiness at the time of power procurement. Customer retention and reserve accrual, as well as a successful operating track record, will be viewed favorably by prospective energy suppliers, leading to reduced energy costs and customer rates. Operational viability is also based on the assumption that SVCCE would be able to secure the Silicon Valley CCE Indicative Supply Scenarios: Year 10 Key Considerations Scenario1 Scenario 2 Scenario 3 General EnvironmentalBenefits Renewable energy and GHG content 49% Renewable 75% Total GHG-Free 66% Renewable 80% Total GHG-Free 76% Renewable 97% Total GHG-Free RateCompetitiveness Incremental renewable/clean energy purchases will impose upward pressure on SVCCEcustomer rates Average 3% savingsrelative to PG&E rate projections Average 1% savingsrelative to PG&E rate projections General rate parity results in minimal cost impact Projected Residential Customer Cost Impacts1 Resource choices will influence monthly energy costs 1Average monthly usage for SVCCE res. customers ≈ 510 kWh Average $4.19 monthly cost savingsrelative to PG&E rate projections Average $1.93 monthly cost savingsrelative to PG&E rate projections Average $0.14 monthly cost increaserelative to PG&E rate projections Assumed SVCCE Participation Projected rate savings/increases are assumedto impact customer participation levels; medium and large commercial customers are assumed to be highly cost sensitive 85%customer participation rate assumed across all customer groups 85%customer participation rate assumed across all customer groups 85%customer participation rate assumed across all customer groups Comparative GHG Emissions Impacts GHG emissionsimpact relative to assumed PG&E portfolio 0.109 metric tons CO2/MWh emissions rate is equivalent to PG&E, resultingin zero incremental GHG emissions impacts in Year 10 0.087 metric tons CO2/MWh emissions rate results in ≈82,000 metric ton GHG emissions reduction(20%) in Year 10 0.015 metric tons CO2/MWh emissions rate results in ≈352,000 metric ton GHG emissions reduction(86%) in Year 10 Year 10 Scenario 1 Year 10 Scenario 2 Year 10 Scenario 3 Bucket 1 RE Supply (In-State Supply) Bucket 2 RE Supply (Imported Supply)Additional GHG-Free Supply Conventional Supply 188 Draft Silicon Valley Community Choice Energy Technical Study Page 8 Executive Summary necessary startup funding as well as additional financing to satisfy program working capital estimates. As previously noted, it is PEA’s opinion that SVCCE would be operationally viable under a relatively broad range of resource planning scenarios, demonstrating the potential for customer savings as well as reduced GHG emissions. 189 Draft Silicon Valley Community Choice Energy Technical Study Section 1: Introduction Page 9 SECTION 1: INTRODUCTION This Community Choice Energy (“CCE”) Technical Study (“Study”) was prepared for the Silicon Valley Community Choice Energy (“SVCCE”) Partnership, by Pacific Energy Advisors, Inc. (“PEA”) under contract with the City of Sunnyvale, for purposes of describing the potential benefits and liabilities associated with forming a CCE program in Santa Clara County. Such a program would provide electric generation service to residential and business customers located within the SVCCE Partner jurisdictions, which currently receive electric service from the incumbent utility, Pacific Gas & Electric Company (“PG&E”). The SVCCE Partnership is sponsored by the Cities of Cupertino, Mountain View, and Sunnyvale and the County of Santa Clara. The Partnership has expanded the scope of the study to include eight additional communities in Santa Clara County; the 12 communities comprise the “CCE Study Partners” and are identified below in Table 2. Table 2: Prospective SVCCE Member Communities City of Campbell City of Monte Sereno City of Cupertino City of Morgan Hill City of Gilroy City of Mountain View City of Los Altos City of Saratoga Town of Los Altos Hills City of Sunnyvale Town of Los Gatos County of Santa Clara (unincorporated areas) In consideration of its response to the Sunnyvale’s Request for Qualifications No. F15-49 for Professional Services to the Environmental Services Department in Association with the Study of Community Choice Aggregation, which was issued on November 21, 2014, PEA was retained by the City to conduct a technical study focused on the prospective formation of a CCE program serving communities of the CCE Study Partners. This Study reflects the results of a comprehensive analysis, which addresses prospective CCE operations under a range of scenarios, including the identification of anticipated rate/cost impacts, environmental benefits, resource composition and economic development amongst other considerations. When reviewing this Study, it is important to keep in mind that the findings and recommendations reflected herein are substantially influenced by current market conditions within the electric utility industry, which are subject to sudden and significant changes. PEA is an independent consulting firm specializing in providing strategic advice and technical support to various organizations within the California electricity market, particularly aspiring and operating CCE programs. PEA’s consultants have been assisting local governments with the evaluation and implementation of CCE programs since 2004, including each of California’s operational CCE programs, which include Marin Clean Energy (“MCE”), Sonoma Clean Power (“SCP”) and Lancaster Choice Energy (“LCE”). This Study reflects operating projections that are based on the best available information, utilizing transparent, documented assumptions to provide an objective assessment regarding the prospects of CCE operation within communities of the CCE Study Partners. Such assumptions are later discussed in Section 2. However, due to the dynamic nature of California’s energy markets, particularly market prices which are subject to frequent changes, the SVCCE Partnership should confirm that the assumptions reflected in this Study generally align with future market conditions (observed at the time of any decision by the SVCCE Partnership to move forward) to promote the achievement of early-stage SVCCE operations that generally align with the operating projections reflected in this Study. To the extent that future market price benchmarks materially differ from any of the assumptions noted in Section 2 of this Study, PEA recommends updating pertinent operating projections to ensure well-informed decision-making and prudent action. 190 Draft Silicon Valley Community Choice Energy Technical Study Page 10 Section 1: Introduction When reviewing this Study, note that the term Community Choice Aggregation (“CCA”), which is referenced within applicable legislation and related regulations, is currently being used interchangeably with the term Community Choice Energy (“CCE”)6, a term of art that has been adopted by the SVCCE Partnership to identify its aggregation initiative. Use of the CCE acronym is becoming increasingly common when referring to similar customer aggregation programs throughout the state. For purposes of this Study, the term Community Choice Energy or “CCE” is used when referring to such aggregation programs. Under existing rules administered by the California Public Utilities Commission (“CPUC”), PG&E would use its transmission and distribution system to deliver the electricity supplied by SVCCE in a non-discriminatory manner, as it currently does for its own “bundled service” customers (i.e., customers who receive both electric generation and delivery services from a single provider) and for “direct access” customers who receive electricity provided by competitive retail suppliers. PG&E would continue to provide all metering and billing services, and customers would receive a single electric bill each month from PG&E – each customer’s bill would show SVCCE charges for generation services as well as charges for PG&E delivery services. Money collected by PG&E on behalf of SVCCE would be electronically transferred each day to SVCCE’s designated bank account. Following enrollment in the CCE program, SVCCE customers would continue to be eligible for PG&E- administered programs funded through distribution rates and public goods charges, including rebate and subsidy programs focused on energy efficiency and distributed solar generation. To fulfill the electric energy requirements of its customers and related compliance obligations, SVCCE would participate in the electricity market to purchase various energy products from qualified generators, brokers, and/or marketers. In the future, SVCCE may also produce electricity generated by its own power plants, which could be independently developed or acquired by the CCE. Other programs and services may be offered by SVCCE as well, such as new programs to promote conservation and/or energy efficiency, locally- situated distributed renewable generation (e.g., photovoltaic solar systems that are installed by a customer “behind the meter” to reduce reliance on offsite energy sources and/or reduce overall energy costs), electric vehicle charging, and customer load shifting (also known as “demand response”). PEA’s analysis quantifies the expected benefits and liabilities of the CCE program in terms of overall operating margins, ratepayer costs, reductions in emissions of GHGs, which primarily entail carbon dioxide (“CO2”) from electric generating resources used to supply customers within communities of the CCE Study Partners, and economic development impacts arising from new job creation and local spending. The remaining sections of this report are organized by subject matter as follows: Section 2: Study Methodology – describes the approach used to conduct the Study. Section 3: SVCCE Technical Parameters – describes the electric consumption patterns and electric resource requirements of prospective SVCCE customers (i.e., electricity customers located within communities of the CCE Study Partners). Section 4: Cost of Service Elements – explains the various costs that would be involved in providing electric service through a CCE program. 6 While it is generally understood that both terms refer to the same type of load serving entity, as provided for under the California Public Utilities Code, PEA is not aware of any current references to the term “Community Choice Energy” or “CCE” in such Code or applicable regulations. In consideration of this observation, SVCCE should remain aware of this terminology when communicating with jurisdictional regulatory entities or legislators regarding its prospective aggregation program to ensure that naming conventions conform with currently applicable laws and regulations which address such programs. 191 Draft Silicon Valley Community Choice Energy Technical Study Section 1: Introduction Page 11 Section 5: Cost and Benefits Analysis – details the estimated benefits and financial liabilities associated with a variety of potential resource scenarios with regard to ratepayer costs, GHG impacts, and local economic development impacts. Section 6: Sensitivity Analyses – describes the variables that are expected to have the largest impact on customer rates and shows the range of impacts associated with key variables. Section 7: Risk Analysis – highlights key risks associated with the formation and operation of a CCE program, including recommended mitigation measures for such risks. Section 8: CCE Formation Activities – summarizes the steps involved in forming a CCE program. Section 9: Evaluation and Recommendations – summarizes Study results and provides recommendations based on PEA’s analysis. Appendix A: SVCCE Pro Forma Analyses – includes pro forma operating projections for each of the three SVCCE supply scenarios addressed in this Study. 192 Draft Silicon Valley Community Choice Energy Technical Study Page 12 Section 2: Study Methodology SECTION 2: STUDY METHODOLOGY The analytical framework for the Study is a cost-of-service model that estimates all costs and anticipated revenues that would be incurred/received in providing CCE services. The Study examines projected CCE operations over a ten-year study period, including the expected economic/financial impacts related thereto. As detailed in Section 4 (Cost of Service Elements), CCE program costs include those associated with energy procurement as well as administrative, financing and other costs that would be involved in the program’s formation and ongoing operation. Total projected costs over each twelve-month period represent the amounts that must be funded through program rates, also known as the “revenue requirement.” Average generation rates of the CCE program, which are calculated by dividing total program costs (dollars) by total program electricity sales (kilowatt hours, kWh; or megawatt hours, MWh), were determined for each year as well as the entirety of SVCCE’s ten-year study period (ten-year averages were calculated on a levelized basis, as further described below) to facilitate comparisons among potential electric supply mixes and against projected PG&E rates. The CCE program would have myriad choices with regard to the types of resources that may comprise its electric supply portfolio. Such choices typically focus on the following portfolio attributes: 1) The proportion of renewable and non-renewable, or conventional, generation sources; 2) Specification of a portfolio GHG emissions rate; 3) Selection of specific generating technologies (solar photovoltaic, wind, geothermal, etc.); 4) Identification of resource locations (local, in-state, regional or a combination thereof); 5) Preferred power supply structure (power purchase agreement or, potentially, asset development/ acquisition); 6) Determination of resource scale (for example, larger “utility-scale” projects and/or smaller distributed generating resources); and 7) Duration of supply commitments (short-, mid-, long-term).7 Each of these choices presents economic and/or environmental tradeoffs. Specification of initial supply preferences, which is a fundamental component of the resource planning process, typically occurs during the implementation and operation stages by those charged with leading and overseeing the CCE program. As the CCE continues to operate over time, resource planning will remain an ongoing obligation, enabling the CCE to adapt its planning principles to changing circumstances while promoting the CCE program’s overarching policy objectives. For purposes of this Study, PEA developed three representative supply portfolios that were evaluated on the basis of ratepayer cost, renewable energy content, GHG emissions, and economic development impacts. The objective of evaluating alternative supply scenarios is to obtain a robust set of analytical results that can be used to inform decision-makers of the inherent trade-offs that exist among various resource choices while also illustrating a reasonable range of outcomes that could be achieved through CCE implementation and operation. It should be understood that SVCCE would not be limited to any particular supply scenario assessed in this Study; the supply scenarios reflected in this Study have been developed for the sake of example, taking into consideration key objectives of the aspiring CCE program. 7 For purposes of this Study, a “short-term” supply commitment generally refers to a contract term of one to three years in duration; a “mid-term” supply commitment generally refers to a contract term of three to ten years in duration; and a “long- term” supply commitment generally refers to a contract term of ten or more years in duration. 193 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 13 Supply Scenario Overview The following supply scenarios are representative of different choices that could be made by SVCCE with regard to overall renewable energy content, fuel sources and generator locations (of the electric resources used to supply SVCCE’s customers). Each scenario embodies unique portfolio attributes and related ratepayer impacts. Subject to compliance with prevailing law and applicable regulations, California CCEs have a broad range of options when assembling supply portfolios. The three scenarios discussed in this Study also reflect the inclusion of power supply from both existing generating sources, which may supply the majority of SVCCE’s early stage energy requirements, and new renewable generation projects developed as a result of long-term power purchase agreements entered into by the CCE program, which may play an increasingly prominent role in SVCCE’s mid- and long-term resource planning efforts. With regard to the specific sources of power supply that were considered as part of this Study, PEA was directed to exclude the use of: 1) unbundled renewable energy certificates (due to ongoing controversy focused on environmental benefit accounting for such products); 2) specified purchases from nuclear generation, which is generally unavailable to wholesale energy buyers, including CCE programs, but represents a significant portion of PG&E’s energy resource mix; and 3) coal generation, which is a cost-effective but highly polluting domestic power source. Exclusion of the aforementioned energy products will not only avoid potential controversy regarding the use of generally objectionable and/or environmentally damaging power sources, but it will also ensure that SVCCE’s portfolio emissions reporting remains consistent with potential changes in California law.8 In consideration of this direction, such products were omitted during SVCCE’s portfolio analysis. It is also noteworthy that independent development and ownership of generating resources may also be an available supply alternative for the CCE program over the longer-term planning horizon, following years of successful operations, financial reserve accrual and establishment of general creditworthiness. Because the timing of any significant CCE-sponsored resource development and ownership likely falls outside the planning horizon addressed within this Study, PEA has not incorporated SVCCE-owned resources as a component of the indicative supply scenarios discussed herein. This assumption is largely based on observations related to California’s operating CCE programs, which have yet to pursue direct investment in generating resources; the timeline for investment in such resources is likely consistent with PEA’s related assumptions reflected in this Study. With regard to the three prospective SVCCE supply scenarios addressed in this Study, such scenarios were designed to evaluate a broad range of portfolio characteristics for purposes of demonstrating the inherent tradeoffs that exist when deciding between available resource options. The prospective supply portfolios were also constructed in consideration of certain key objectives that were communicated to PEA on behalf of the CCE Study Partners. These objectives generally focused on the achievement of rate competitiveness, GHG emissions reductions and increased use of renewable energy resources relative to the incumbent utility. Table 3 identifies key planning elements of each scenario addressed in this Study. 8 Assembly Bill 1110 (Ting), which has become a two-year bill, is intended to require the disclosure of portfolio emissions intensity to California’s retail electricity customers. The proposed methodology for such disclosures would not allow the inclusion of environmental benefits associated with unbundled renewable energy certificates. 194 Draft Silicon Valley Community Choice Energy Technical Study Page 14 Section 2: Study Methodology Table 3: Key Planning Elements of Each SVCCE Indicative Supply Scenario SVCCE Supply Scenario Primary Objectives of Supply Portfolio Total Renewable Energy Content9 as % of Total Supply (Year 1; Year 10) Anticipated GHG Emissions Savings10 (Year 1; Year 10) Anticipated SVCCE Customer Cost Impacts11 (Year 1; Year 10) Scenario 1 Achieve GHG emissions parity (with PG&E) on a projected basis while exceeding PG&E’s expected proportion of RPS-eligible procurement YEAR 1 = 36% YEAR 10 = 49% YEAR 1 = No Change YEAR 10 = No Change YEAR 1 = 4% average savings YEAR 10 = 3% average savings Scenario 2 Increased RPS-eligible renewable energy procurement plus 20% GHG emissions reductions (relative to incumbent utility) YEAR 1 = 51% YEAR 10 = 66% YEAR 1 = 20% reduction YEAR 10 = 20% reduction YEAR 1 = 3% average savings YEAR 10 = 1% average savings Scenario 3 Maximize GHG-free power procurement (RPS- eligible renewable energy plus additional GHG-free supply) while maintaining general rate/cost parity YEAR 1 = 76% YEAR 10 = 76% YEAR 1 = 60% reduction YEAR 10 = 86% reduction YEAR 1 = “Zero” impact YEAR 10 = “Zero” impact Under each of the three supply scenarios, the CCE program would cause new renewable generation projects to be developed through long-term power purchase agreements. It should be recognized that developing generation in California is a difficult and time-consuming process, and developing generation within communities of the CCE Study Partners and surrounding areas may be even more difficult than in other parts of the state, such as California’s Central Valley. Major development challenges include siting, permitting, financing and generator interconnection with the transmission system, all of which may take far longer (and result in higher costs) than originally planned. Suitable sites must be identified and placed under control of the developer, and the required land can be quite significant, particularly for photovoltaic solar projects.12 It is also common for proposed generating projects to draw opposition from local residents and interest groups, who may identify various objections to the project (e.g., habitat destruction/displacement, visual impacts and species mortality). Once a suitable site is secured and the necessary permits are in place, the project must be financed, and that financing will primarily depend upon the perceived creditworthiness of the CCE program, which may take several years to build. As previously noted, PEA has assumed that during the ten year study horizon, generation projects would be developed and financed by third parties under long-term power purchase agreements with SVCCE without direct ownership of such projects by the CCE program. 9 All renewable energy volumes are assumed to be eligible for use in California’s Renewables Portfolio Standard (“RPS”) program. 10 Anticipated GHG emissions impacts were determined in consideration of the GHG emissions factor associated with SVCCE’s assumed resource mix as compared to the assumed emissions factor associated with PG&E’s supply portfolio, which is expected to decline throughout the ten-year study period. 11 Anticipated customer cost impacts were determined in consideration of the projected average SVCCE customer rate to be paid under each of the three prospective supply scenarios relative to the forecasted average PG&E rate. 12 Each MW of PV capacity requires approximately five to eight acres, depending upon the location and installation characteristics. 195 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 15 Key Assumptions When preparing the Study, it was necessary for PEA to incorporate a variety of assumptions, which were primarily based on current market observations and PEA’s direct experience with California’s operating CCE programs. Such assumptions were instrumental in deriving SVCCE’s projected operating results, as many actual data points, such as final contract energy pricing and future customer participation in the SVCCE program, will not be known until immediately prior to or after service commencement. For purposes of this Study, the key assumptions identified in Table 4 were incorporated to facilitate the development of SVCCE operating projections: Table 4: Key Assumptions Underlying the SVCCE Technical Study Key Assumption Description Power Supply Costs Prices for renewable energy and resource adequacy capacity are based on prices observed for recent transactions and escalated for future periods. Prices for conventional power supply utilize forward curves based on exchange quoted futures prices for power, natural gas and GHG emissions allowances. Fees associated with wholesale scheduling, balancing and settlement with the California Independent System Operator are based on similar costs experienced by existing CCE programs. Capacity requirements and shaped energy requirements were estimated using monthly customer load data by rate classification as adjusted by PG&E’s hourly class load profiles. PG&E Rates PG&E proposed 2016 rates (August Annual Electric True-up) and surcharges (e.g., PCIA) were applied to customer load data aggregated by major rate schedule to form the basis for the PG&E rate forecast. For future years, the forecast was derived using PG&E’s most recent resource plan, adjusted for changes to renewable energy content mandated by SB 350. Forecast of PCIA is based on projected PG&E power portfolio cost and forward market prices. It is assumed that CCE would provide similar rate designs and options as PG&E. Community Participation All twelve municipalities are assumed to participate. Customer Participation Service is assumed to be offered to all customers except those taking direct access and standby service. Based on average customer retention experienced by operating CCE programs, 85% of customers offered service across all customer classes are assumed to enroll. CCE Rates & Reserve CCE rates would be set to recover all program costs including power supply, administration, and debt service as well as funding a reserve equivalent to 4% of annual program costs. CCE Operations Staffing and other operating costs were estimated by benchmarking to the three currently operating CCE programs, with adjustment for differences in the number of customers served. Costs associated with administering net energy metering, demand response and energy efficiency programs were included at $1,275,000 per year. Bonds and Other Deposits CPUC Bond: $100,000 (Included in Startup Cost) PG&E Deposit: $40,000 (Included in Startup Cost) CAISO Deposit: $500,000 (Included in Working Capital) Supplier Reserve: $2,500,000 (Included in Working Capital) Startup Costs: $2,900,000 Working Capital: $9,000,000 196 Draft Silicon Valley Community Choice Energy Technical Study Page 16 Section 2: Study Methodology Key Assumption Description Rate Comparisons Rate comparisons are based on the total delivered rate between CCE service and PG&E service, with the CCE program offering a rate structure that generally parallels that of PG&E including time-of-use rate differentials that may be applicable under certain rate schedules (e.g., certain Net Energy Metered customers, which may take service under rate schedules with time-of-use rate variants). For CCE service, the total delivered rate includes the CCE charges, PG&E delivery charges, and PG&E surcharges (e.g., PCIA). For PG&E service, the total delivered rate includes PG&E generation charges and PG&E delivery charges. Renewable Portfolio Standards Study assumes the currently applicable renewable energy requirements are maintained through 2020 and increased to 50% renewable portfolio content by 2030 as mandated by SB 350. Greenhouse gas emissions rates For PG&E, used its most recent forecast of portfolio emissions rates and adjusted the rate downwards for future years for the effects of anticipated increase in renewable energy content. Assumed continued operation of Diablo Canyon Nuclear Power Plant throughout study period. For CCE, used the CARB default emissions rate applied to power purchases other than purchases from renewable and hydro-electric sources. Voluntary 100% Renewable Energy Program Assumed 2% of enrolled customers elect this option. Multi-Phase Customer Enrollment For purposes of this Study, PEA assumed a three-phase customer implementation strategy through which that would enroll customers in the following manner: 1) one-third of prospective SVCCE customers would be enrolled during the first month of service, drawing from a broad, representative cross section of the entire SVCCE customer base; 2) another third of the original customer population (i.e., half of the remaining customer population which had yet to be enrolled) would be transitioned to CCE service during the thirteenth month of operation, reflecting similar characteristics when compared with the first phase; and 3) all remaining customers not previously enrolled would be transitioned to CCE service during the twenty fifth month of program operations. Such a strategy will allow the CCE program to “walk before its runs,” gaining operational experience while the initial customer base remains relatively small (when compared to the total prospective customer population). This approach will also create an opportunity for the CCE program to “debug” potential customer service and billing issues that may arise during initial operations and will also reduce credit/collateral concerns during initial power contracting efforts. Furthermore, a multi-year phase-in strategy will serve to minimize initial working capital requirements of the SVCCE program by reducing power contract payment obligations during early operations, allowing the CCE program to build reserves for purposes of self-funding future phase-in activities. Indicative Renewable Energy Contract Portfolio For purposes of this Study, an indicative long-term renewable energy contract portfolio, which emphasizes resource and delivery profile diversity in consideration of reasonably available project opportunities, was assembled for the SVCCE program. For example, a contract portfolio exclusively focused on solar resources would not provide for requisite energy requirements during the night; similarly, a portfolio focused on the exclusive use of wind resources would not adequately address SVCCE customer energy requirements during times of day when wind levels are low. In consideration of the unique generating characteristics associated with various renewable energy technologies, PEA assembled SVCCE’s indicative renewable energy contract portfolio for purposes of creating a composite energy delivery profile that would reasonably match the manner in which SVCCE customers use electric energy. Considerable amounts of solar capacity were incorporated in the indicative supply portfolio in consideration of robust resource availability throughout 197 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 17 California and SVCCE’s need for considerable amounts of electricity during peak times of day. Geothermal and landfill gas-to-energy generating technologies were also incorporated in the supply portfolio, as such resources have been successfully secured by other CCE programs and provide a stable (“basesload”) energy delivery profile that only marginally varies over time. Wind generating capacity was also included due to its availability and general cost effectiveness in serving CCE renewable energy requirements. This indicative long-term contract portfolio was applied when analyzing each of the three supply scenarios for purposes of determining the resource planning and financial impacts associated with long-term power supply commitments that could be reasonably pursued by SVCCE. As reflected in the following table, the indicative supply portfolio phases in a variety of contracting opportunities over time, allowing the CCE program to incrementally increase long-term renewable supply commitments without unnecessarily exposing SVCCE to renewable energy price risk at a single point in time – this is a prudent resource and risk management practice in consideration of recent, ongoing price reductions that have been observed by California’s renewable energy buyers. The incremental ramp up in contracted renewable energy volumes will also serve the purpose of mitigating credit concerns that may impact the CCE program during early operations and limit the pace at which new long-term resource commitments can be made. Based on PEA’s experience, California’s three operating CCEs, MCE, SCP and LCE, have been successful in pursuing small- (1 to 5 MWs in size) to mid-sized (5-40 MWs in size) renewable energy contracting opportunities during early operations – the developers/owners of such projects have been able to reconcile credit concerns in consideration of the CCE’s projected operating results and/or relatively nominal collateral postings. PEA expects that SVCCE would have similar experiences when pursuing available renewable project options. For example, prior to commencing operations and in the 24 to 36 months thereafter, it is expected that SVCCE would be able to secure long-term contract commitments with both small- and mid-sized renewable project opportunities on the basis of SVCCE’s projected operating results. California’s other operating CCEs have generally been able to pursue similar opportunities with little to no collateral obligations, utilizing the respective CCE’s pro forma operating projections as the basis for demonstrating creditworthiness. After establishing a successful operating track record, SVCCE should be effective in pursuing larger-scale project opportunities, which may prove to be more cost competitive. PEA expects that larger-scale projects may be available following the accrual of three or more years of successful operating history, including the accumulation of prudent financial reserves and the demonstration of significant customer retention – in general, the opt-out structure provided for by California’s CCE legislation is viewed as a risk by many prospective project developers and energy sellers; however, the successful operating track record of California’s existing CCEs and the ongoing compilation of data related to customer participation/retention has provided compelling evidence that CCE customer counts and overall program operations will remain stable over time – in general, California’s operating CCEs have each experienced customer retention rates in excess of 80% with each successive CCE program observing increasing retention rates for its customers. This trend seems to suggest that improved familiarity with the CCE business model, a growing track record of success amongst California’s operating CCE programs, and effective marketing campaigns have contributed to higher levels of customer retention over time. The indicative portfolio of long-term renewable energy contracts also reflects a significant commitment to renewable project development within communities of the CCE Study Partners – a total of 20 MWs of anticipated feed-in tariff (“FIT”) projects has been included in the Study in consideration of the CCE Study Partners’ interest in promoting local renewable infrastructure buildout and economic development. FIT projects are typically smaller-scale renewable development opportunities, ranging from 50 kW to 1.5 MW in size, so PEA has assumed that numerous projects will comprise the 20 MW allocation reflected in the indicative resource mix. 198 Draft Silicon Valley Community Choice Energy Technical Study Page 18 Section 2: Study Methodology For purposes of the Study, PEA has assumed a uniform portfolio of long-term renewable energy contracts for each of the three indicative supply scenarios. In practical terms, this means that each of the prospective supply scenarios reflects the resource mix described below as well as varying amounts of additional renewable and GHG-free energy procured under shorter-term contract arrangements. Such additional energy volumes will be procured/applied to fulfill each scenario’s specified renewable resource mix. Assumed prices for such long-term transactions as well as associated capacity factors, which reflect the amount of energy produced by each resource relative to its total, potential generating capacity, were also assembled by PEA in consideration of recent renewable energy transactions and typical operating characteristics associated with the noted renewable resource types. It is also noteworthy that PEA’s pricing assumptions reflect significant planned reductions in the federal investment tax credit (“ITC”), which is expected to decrease from 30% to 10% for projects with initial delivery dates occurring after December 31, 2016, as well as growing demand for new renewable energy projects resulting from California’s RPS procurement mandate increasing to 50% by 203013 – both of these considerations may impose upward pressure on renewable energy pricing. PEA has addressed this possibility through relatively conservative price assumptions when compared to the current market for renewable energy products. It is possible, of course, that Congress could extend the ITC at its current level, which would mean prices for solar power would be lower than the assumptions used in this study. It is also possible that increased demand, while applying upward pricing pressure in the near term, may promote expanded supply capabilities, which would have the effect of mitigating such price pressures over time. The specific contracting opportunities, which have been incorporated in SVCCE’s indicative long-term renewable energy supply portfolio, are identified below in Table 5. Table 5: SVCCE’s Indicative Long-Term Renewable Energy Contract Portfolio Resource Type Year of First Delivery Capacity (MW) Capacity Factor** Assumed Price ($/MWh)*** Solar PV, utility scale 2019 100* 30% $65 Solar PV, utility scale 2023 100* 30% $65 Wind 2020 100* 35% $70 Landfill Gas to Energy 2020 10* 90% $80 Landfill Gas to Energy 2025 10* 90% $80 Geothermal 2018 50 100% $80 Solar PV, multiple FIT (local) projects 2018 5* 22% $100 Solar PV, multiple FIT (local) projects 2020 5* 24% $90 Solar PV, multiple FIT (local) projects 2021 5* 24% $90 Solar PV, multiple FIT (local) projects 2022 5* 24% $90 Total 390 MW *Denotes assumed new generating capacity to be developed as a result of long-term contracts between SVCCE and qualified renewable project developers. 340 MW of potential new, California-based renewable generating capacity has been assumed in this Study. 13 On October 7, 2015, Governor Brown signed Senate Bill 350, the Clean Energy and Pollution Reduction Act of 2015. SB 350 increases California’s RPS to 50% by 2030 amongst other clean-energy initiatives. Many details regarding implementation of SB 350 will be developed over time with oversight by applicable regulatory agencies. 199 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 19 **Capacity factors quantify the proportionate amount of energy produced by each resource relative to its total, potential generating capacity. For example, if a 10 MW landfill gas-to-energy generator produced 78,840 MWh per year (relative to its total generating potential of 87,600 MWhs), its capacity factor would be 90%. By comparison, solar generators have relatively low capacity factors (ranging from 20% - 30%, generally), as such generators produce no power at night and very little power during the early morning and late afternoon hours. ***Certain pricing assumptions reflect planned reductions to currently applicable incentives, which may result in increased renewable energy prices during the ten-year planning period. To the extent that such incentives are continued at current levels and/or supply significantly increases, actual prices could be lower than reflected herein. It is important to note that a broad range of considerations, including California’s recently increased RPS (to 50% by 2030), may influence renewable energy pricing and product availability in future years. Regarding the referenced local solar projects, which are assumed to be developed under an SVCCE- administered FIT program, the pricing assumptions for such projects were set in consideration of three key factors: 1) Prices currently available under PG&E’s Electric-Renewable Market Adjusting Tariff (“ReMAT”), which represents the current construct of PG&E’s FIT program – local project developers would be evaluating SVCCE’s FIT in consideration of other available alternatives, so it is assumed that SVCCE would want to offer comparatively higher prices to attract such developers; 2) The assumption that project development costs within SVCCE’s participating jurisdictions generally exceed project development costs in other locations; and 3) The general interest of the CCE Study Partners in providing meaningful price incentives to promote local renewable infrastructure buildout. If such a program is administered by SVCCE, FIT energy prices will need to be sufficiently high to compel project sponsors to focus development efforts on locally situated project sites – this is the primary purpose of locally-focused FIT programs. More specifically, PG&E’s ReMAT currently offers eligible, smaller-scale solar projects a base energy price of $61.23 per MWh.14 This price is adjusted according to a schedule of Time of Delivery, or “TOD”, factors which generally increase the annual average price paid to participating solar generators, depending on the quantity of energy produced and delivered during peak times of day (e.g. weekdays between the hours of 3:00 and 8:00 P.M.). In general terms, the aforementioned base energy price may translate to a TOD-adjusted average price of more than $70 per MWh, depending on actual power production. PEA also assumed that project development costs, particularly land costs within the SVCCE service territory, would be higher than average development costs throughout PG&E’s service territory. With these observations in mind, as well as the general concept that FIT programs are intended to incentivize local renewable infrastructure buildout, the prices associated with FIT energy productions were set at comparatively high levels, ranging from $90-$100 per MWh. Such prices reflect a premium ranging from $25-$35 per MWh relative to larger projects within optimal development locations.15 While such prices seem sufficient to promote local FIT interest, it is noteworthy that SVCCE could independently adjust such prices in the event that actual FIT participation is below (or above) desired levels. In the event that the SVCCE FIT program generates more interest and participation than originally anticipated, SVCCE could cap the program by implementing a total capacity ceiling. The cap could always be modified, but implementing a participatory ceiling would provide an additional layer of financial certainty for the FIT program. 14 PG&E’s Program Period 12 price for As-Available Peaking products, as noted on PG&E’s ReMAT website on October 29, 2015: http://www.pge.com/en/b2b/energysupply/wholesaleelectricsuppliersolicitation/ReMAT/index.page. 15 Note that MCE’s FIT tariff offers similar price incentives to attract local developers. According to MCE’s FIT tariff, applicable prices are scheduled to incrementally decrease over time (as successive FIT projects enter the project development queue). 200 Draft Silicon Valley Community Choice Energy Technical Study Page 20 Section 2: Study Methodology Energy Production Options & Scenario Composition When considering the portfolio composition associated with SVCCE’s prospective supply scenarios, several resource types, including clean (e.g., renewable and GHG-free) and conventional (e.g., fossil-fueled, which typically entails the use of natural gas within California) energy sources, would be available to supply the electric energy requirements of SVCCE customers. With regard to renewable energy product options, California’s currently effective RPS program allows for the use of three distinct renewable energy products, which are primarily differentiated by unique delivery attributes. In particular, certain RPS-eligible renewable energy products are referred to as “bundled renewable energy,” meaning that the physical electricity and renewable attributes (i.e., Renewable Energy Certificates, or “RECs”) are both delivered to the buyer, whereas other RPS-eligible products are referred to as “unbundled,” meaning that the renewable attributes, or RECs, are sold separately from the electric commodity. Under the nomenclature of California’s RPS, bundled renewable energy products are categorized as Portfolio Content Category 1 (“PCC1” or “Bucket 1”) or Portfolio Content Category 2 (“PCC2” or “Bucket 2”). In general terms, PCC1 products are the most costly, least objectionable and offer the most flexibility when complying with California’s RPS procurement mandates. Unbundled renewable energy, or Portfolio Content Category 3 (“PCC3” or “Bucket 3”), has usage limitations under the RPS program and is also the subject of ongoing philosophical debate regarding environmental impacts. For purposes of this Study, PEA was advised to exclude unbundled renewable energy products from SVCCE’s prospective supply portfolios. For purposes of this Study, it was assumed that all additional GHG-free energy (i.e., GHG-free energy obtained from sources that are not RPS-eligible due to size limitations) would be produced/delivered by hydroelectric generators. In consideration of these product options, SVCCE’s three prospective supply scenarios were constructed with the resource preferences reflected in Table 6. 201 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 21 Table 6: SVCCE’s Scenario-Specific Energy Resource Preferences SVCCE Supply Scenario Primary Objectives of Supply Portfolio Total Renewable Energy Content16 as % of Total Supply (Year 1; Year 10) Total PCC1- Eligible17 Renewable Energy Content as % of Total Supply (Year 1; year 10) Total PCC3- Eligible18 Renewable Energy Content as % of Total Supply (Year 1; year 10) Total GHG-Free Energy Content19 as % of Total Supply (Year 1; Year 10) Scenario 1 Achieve GHG emissions parity (with PG&E) on a projected basis while exceeding PG&E’s expected proportion of RPS- eligible procurement YEAR 1 = 36% YEAR 10 = 49% YEAR 1 = 27% YEAR 10 = 44% YEAR 1 = None YEAR 10 = None YEAR 1 = 63% YEAR 10 = 75% Scenario 2 Increased RPS- eligible renewable energy procurement plus 20% GHG emissions reductions (relative to incumbent utility) YEAR 1 = 51% YEAR 10 = 66% YEAR 1 = 38% YEAR 10 = 57% YEAR 1 = None YEAR 10 = None YEAR 1 = 70% YEAR 10 = 80% Scenario 3 Maximize GHG- free power procurement (RPS- eligible renewable energy plus additional GHG- free supply) while maintaining general rate/cost parity YEAR 1 = 76% YEAR 10 = 76% YEAR 1 = 57% YEAR 10 = 64% YEAR 1 = None YEAR 10 = None YEAR 1 = 85% YEAR 10 = 97% Scenario 1: GHG Emissions Parity and Additional Renewable Energy Supply Relative to PG&E Scenario 1 was structured for the primary purpose of matching the projected GHG emissions profile associated with PG&E’s supply portfolio while also exceeding PG&E’s proportionate level of renewable energy procurement. With regard to renewable energy procurement, resource preferences within Scenario 1 were generally selected to promote compliance with the legal requirements of California’s RPS in advance of 16 All renewable energy volumes are assumed to be RPS-eligible for purposes of this Study. 17 Portfolio Content Category 1, or “Bucket 1” eligible renewable energy resources, are typically located within California but may also be located outside California, delivering power to California delivery points via specified energy scheduling protocols. 18 Portfolio Content Category 3, or “Bucket 3” eligible renewable energy resources, are typically referred to as “unbundled renewable energy certificates” or “unbundled RECs”. Bucket 3 products are produced when metered renewable energy is delivered to the grid and represent the environmental and/or “green attributes” associated with such renewable energy production. However, Bucket 3 products are sold separately from the physical energy commodity without any associated energy delivery obligations for the seller(s) of such products. 19 Total GHG-free content equals the proportion of total supply produced by renewable energy resources plus the proportion of total supply produced by non-GHG emitting generating resources, namely non-RPS qualifying hydroelectric generators. 202 Draft Silicon Valley Community Choice Energy Technical Study Page 22 Section 2: Study Methodology applicable deadlines.20 In particular, Scenario 1 incorporates a 36% RPS-eligible renewable energy supply from day one of CCE program operations, incrementally increasing after the 2020 calendar year in consideration of California’s transition to a 50% RPS mandate. For purposes of Scenario 1, PCC3 and nuclear volumes were excluded from the renewable energy supply portfolio, replacing such volumes with additional PCC1 and PCC2 products. This substitution has the effect of increasing total renewable energy supply costs but will likely minimize philosophical objections related to the use of unbundled renewable energy products, which have become more prominent in recent years. Additional clean energy purchases, which would have the effect of reducing overall GHG emissions associated with SVCCE supply portfolio, were also incorporated, yielding a 63% GHG-free resource mix in Year 1, increasing to 75% in Year 10. A supply portfolio reflecting such a resource mix would be expected to promote highly competitive customer rates during the study period but also the lowest level of environmental benefits amongst the three prospective supply scenarios. The expected clean energy content associated with Scenario 1 is identified in Table 7, which reflects the proportionate share of purchases relative to SVCCE’s expected energy requirements. Table 7: Scenario 1 - Proportionate Share of Planned Energy Purchases Relative to SVCCE’s Projected Retail Sales Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 PCC 1 Supply 27% 27% 27% 35% 35% 36% 42% 43% 44% 44% PCC 2 Supply 9% 9% 9% 2% 4% 6% 1% 2% 2% 4% PCC 3 Supply 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Total Renewable Energy Supply 36% 36% 36% 38% 39% 41% 43% 45% 47% 49% Additional GHG- Free Energy Supply 27% 29% 31% 32% 31% 30% 29% 28% 27% 26% Total Clean Energy Supply 63% 65% 68% 69% 70% 71% 72% 73% 74% 75% Conventional Energy Supply (including CAISO* market purchases) 37% 35% 32% 31% 30% 29% 28% 27% 26% 25% *“CAISO” refers to the California Independent System Operator, the organization responsible for overseeing operation of California’s wholesale electric transmission system and related energy markets. Energy purchases from the CAISO market are not associated with specific generating resources. As such, CAISO purchases are also commonly referred to as “Unspecified Sources of Power” or “Market Purchases” due to the fact that these purchases are made from a pool of generating resources administered by the CAISO. Note that it is very common for CCEs to incorporate considerable quantities of Market Purchases in their respective supply portfolios (20% to 40%, for example). As previously indicated, PG&E’s power supply portfolio included 21% Market Purchases in 2014. Note that numbers may not add due to rounding. As previously noted, each indicative supply scenario reflects a uniform portfolio of long-term renewable energy supply contracts, which incorporates a variety of generating technologies and related energy delivery profiles. In consideration of the expected delivery start dates and energy quantities associated with each prospective contract, SVCCE’s portfolio composition will somewhat change over time, reflecting increased resource diversity. 20 State law requires PG&E to increase its renewable energy content to 33% by 2020. Based on PG&E’s recent Power Source Disclosure Report, which addressed power purchases and sales completed by the utility during the 2014 calendar year, its current renewable energy content is approximately 27%. An equivalent renewable supply percentage should be reflected in PG&E’s 2014 Power Content Label, which was provided to customers of the utility in a recent bill insert. 203 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 23 Snapshots of the Scenario 1, Year 1 resource mix as well as the related Year 10 resource mix are shown in the following figures. Figure 1: Scenario 1 Resource Mix, Year 1 Figure 2: Scenario 1 Resource Mix, Year 10 Figure 3 shows how composition of the Scenario 1 supply portfolio changes throughout the study period, reflecting planned diversification of SVCCE’s renewable energy supply portfolio through long-term contracting efforts and local infrastructure build out. Conventional Energy Contracts 26% CAISO Purchases 11% Short Term Renewable Energy Contracts 36% Other Carbon Free Energy Contracts 27% Conventional Energy Contracts 18% CAISO Purchases 8% Other Carbon Free Energy Contracts 26% Short Term RenewableEnergy Contracts 10% Small Solar PPA 1% Small Biogas (LFG) PPA 2% Wind PPA 8% Solar PPA 14% Geothermal PPA 12% 204 Draft Silicon Valley Community Choice Energy Technical Study Page 24 Section 2: Study Methodology Figure 3: Scenario 1 Load and Resource Projections Scenario 2: 20% Annual GHG Emissions Reductions; Increased Renewable Energy Procurement Scenario 2 reflects more aggressive procurement of renewable energy resources, starting out at a 51% RPS- eligible renewable energy content, increasing to 66% by Year 10 of program operations. This renewable energy procurement strategy ensures that SVCCE will continually exceed California’s RPS mandate, even following recent adoption of the 50% renewable energy procurement requirement. In addition to the noted renewable energy volumes, Scenario 2 assumes that SVCCE will procure additional GHG-free energy supply in sufficient quantities to achieve 20% annual reductions throughout the Study period (relative to projected emission rates of the incumbent utility). As with Scenario 1, the Scenario 2 supply portfolio excludes the use of PCC3 products and nuclear power. Table 8 details the annual resource composition for Scenario 2 during the 10-year planning period. 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 1 2 3 4 5 6 7 8 9 10 GW H Year SILICON VALLEY CCE Loads and Resources Renewable, Long Term Renewable, Short Term Other Carbon Free Conventional Contracts CAISO Purchases Loads 205 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 25 Table 8: Scenario 2 - Proportionate Share of Planned Energy Purchases Relative to SVCCE’s Projected Retail Sales Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 PCC 1 Supply 38% 38% 38% 45% 46% 47% 53% 54% 57% 57% PCC 2 Supply 13% 13% 13% 6% 7% 9% 5% 6% 6% 9% PCC 3 Supply 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Total Renewable Energy Supply 51% 51% 51% 51% 53% 56% 58% 61% 63% 66% Additional GHG- Free Energy Supply 19% 21% 23% 25% 23% 21% 19% 18% 16% 14% Total Clean Energy Supply 70% 72% 74% 76% 76% 77% 78% 78% 79% 80% Conventional Energy Supply (including CAISO market purchases) 30% 28% 26% 24% 24% 23% 22% 22% 21% 20% Figure 4: Scenario 2 Resource Mix, Year 1 Conventional Energy Contracts 21% CAISO Purchases 9% Short Term Renewable Energy Contracts 51% Other Carbon Free Energy Contracts 19% 206 Draft Silicon Valley Community Choice Energy Technical Study Page 26 Section 2: Study Methodology Figure 5: Scenario 2 Resource Mix, Year 10 Conventional Energy Contracts 15% CAISO Purchases 6% Other Carbon Free Energy Contracts 14% Short Term Renewable Energy Contracts 28% Small Solar PPA1% Small Biogas (LFG) PPA 2% Wind PPA8%Solar PPA14%Geothermal PPA 12% 207 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 27 Figure 6 shows how composition of the Scenario 2 supply portfolio changes throughout the study period. Figure 6: Scenario 2 Load and Resource Projections Scenario 3: Maximize GHG Emissions Reductions while Maintaining General Rate Parity Scenario 3 represents a supply portfolio that substantially relies on renewable and other GHG-free power sources to achieve the primary objective of maximizing GHG emissions reductions (relative to related projections for PG&E) while maintaining general rate parity with the incumbent utility. The Scenario 3 resource mix contributes to the achievement of this objective by incorporating a diversified mix of shorter- and longer-term supply agreements with a variety of generating technologies. Similar to Scenarios 1 and 2, PCC3 and nuclear power products are not incorporated in this supply scenario. Throughout the Study period, the projected Scenario 3 resource mix reflects a fixed renewable energy percentage equating to 76% of total SVCCE customer energy requirements. Additional GHG-free power sources are layered on top of planned renewable energy purchases, resulting in proportionate GHG-free supply that begins at 85% in Year 1 and gradually increases to 97% in Year 10 of projected SVCCE operations. As a result of this planning strategy, the GHG emissions associated with Scenario 3 are comparatively low, reflecting average annual reductions (relative to PG&E) approximating 73% throughout the 10-year Study period. Table 9 provides additional detail regarding the indicative resource mix for Scenario 3. 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 1 2 3 4 5 6 7 8 9 10 GW H Year SILICON VALLEY CCE Loads and Resources Renewable, Long Term Renewable, Short Term Other Carbon Free Conventional Contracts CAISO Purchases Loads 208 Draft Silicon Valley Community Choice Energy Technical Study Page 28 Section 2: Study Methodology Table 9: Scenario 3 - Proportionate Share of Planned Energy Purchases Relative to SVCCE’s Projected Retail Sales Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 PCC 1 Supply 57% 57% 57% 64% 63% 61% 66% 65% 66% 64% PCC 2 Supply 19% 19% 19% 12% 13% 14% 10% 10% 9% 11% PCC 3 Supply 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Total Renewable Energy Supply 76% 76% 76% 76% 76% 76% 76% 76% 76% 76% Additional GHG- Free Energy Supply 10% 12% 14% 16% 17% 18% 19% 19% 20% 21% Total Clean Energy Supply 85% 87% 90% 91% 92% 93% 94% 95% 96% 97% Conventional Energy Supply (including CAISO market purchases) 15% 13% 10% 9% 8% 7% 6% 5% 4% 3% Figure 7: Scenario 3 Resource Mix, Year 1 Conventional Energy Contracts11% CAISO Purchases 4% Short Term Renewable Energy Contracts 76%Other Carbon Free Energy Contracts 10% 209 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 29 Figure 8: Scenario 3 Resource Mix, Year 10 Conventional Energy Contracts 3% Other Carbon Free Energy Contracts 21% Short Term Renewable Energy Contracts 38% Small Solar PPA 1% Small Biogas (LFG) PPA2% Wind PPA 8% Solar PPA 14%Geothermal PPA 12% 210 Draft Silicon Valley Community Choice Energy Technical Study Page 30 Section 2: Study Methodology Figure 9 shows how composition of the Scenario 3 supply portfolio changes throughout the study period. Figure 9: Scenario 3 Load and Resource Projections Costs and Rates For each supply scenario, detailed estimates were made for electric power supply costs and all other program costs. Net ratepayer costs or benefits were calculated for each scenario as the difference between the costs ratepayers would pay while taking service under the CCE program and the costs ratepayers would pay under bundled service, as currently provided by PG&E. Competitive rates are a key metric for program feasibility as SVCCE must offer competitive rates in order to retain customers that are automatically enrolled in the program. Customer retention may also be affected by SVCCE offering customized rate choices such as voluntary green pricing programs or market based rate options for large end users.21 Rate competiveness is particularly important during the first year, when opt out notices are being provided to eligible customers and initial impressions are being formed in the community. Generally speaking, if the net customer cost of SVCCE service is below what the customer would otherwise pay for PG&E bundled service, the SVCCE program could be considered to offer competitive rates and would be viable with regard to this important metric. Rates that provide for a modest cost increase may also be considered competitive, if the “quality” of the retail electricity product offered by SVCCE was meaningfully higher than existing option(s) 21 Such customized rate options would require SVCCE design and administration, working collaboratively with customers and interested stakeholders. Green pricing participation may also improve SVCCE’s environmental benefits and overall renewable energy content. 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 1 2 3 4 5 6 7 8 9 10 GW H Year SILICON VALLEY CCE Loads and Resources Renewable, Long Term Renewable, Short Term Other Carbon Free Conventional Contracts CAISO Purchases Loads 211 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 31 provided by the incumbent utility – in this context, the term “quality” generally refers to specific attributes of an electric supply portfolio, including renewable energy content, GHG emissions impacts and complimentary customer programs, that create measurable distinctions between two available service alternatives. To the extent that the attributes associated with SVCCE service are perceived as superior to the attributes associated with PG&E service, then certain cost increases may not impose significant impacts to the overall level of customer participation in the CCE program. More specifically, a materially higher renewable energy content and/or lower carbon intensity for the electricity sold by SVCCE may justify a higher price, and SVCCE rates may be viewed as competitive so long as such rates do not deviate substantially from the PG&E benchmark. Historically, PG&E generation rates have trended upwards as shown in Figure 10, but the recent decline in wholesale energy costs are expected to result in lower generation rates beginning in 2016. When reviewing the following figure, it is important to note that myriad factors can influence power prices over time, including weather patterns and natural disasters, infrastructure outages, natural gas storage levels and other considerations. All of these factors contribute to the volatile nature of electric power prices. When reviewing Figure 10 note that PG&E’s “System Average Generation Rate” represents the average power price paid by the composite of all customer groups (e.g., residential, commercial, etc.). Figure 10: PG&E System Average Generation Rates The primary measure of ratepayer costs calculated for this Study is the difference in total electric rates between the CCE program and PG&E. This measure examines the change in customers’ total electric bills, including PG&E delivery charges and PG&E surcharges (namely, “exit fees” associated with PG&E’s uneconomic generation commitments). In order to compare ratepayer costs over the ten-year study period, during which electric rates change from year-to-year, PEA calculated levelized electric rates on a per kWh basis for each SVCCE supply scenario and for PG&E bundled service. In simple terms, a levelized rate allows for the comparative evaluation of a multi-year period through the use of a single value or metric, which reflects the year-over-year changes that may occur over such period of time. The development of a levelized 6.0 6.9 7.5 7.4 8.0 8.1 6.7 7.1 7.9 8.6 9.7 9.2 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0 20 0 5 20 0 6 20 0 7 20 0 8 20 0 9 20 1 0 20 1 1 20 1 2 20 1 3 20 1 4 20 1 5 20 1 6 CE N T S P E R K W H PG&E Reported Generation Average Rate 212 Draft Silicon Valley Community Choice Energy Technical Study Page 32 Section 2: Study Methodology electric rate utilizes net present value analysis to consolidate rate-related impacts, which occur over time, in a single number. For purposes of this Study, a levelized rate represents the constant electric rate that would yield equivalent revenues (in present value terms) if charged to customers in place of the projected series of annual rates occurring throughout the ten-year study period. Levelized costs are commonly used in the electric utility industry to provide an apples-to-apples comparative basis for projects that have cash flows occurring at different points in time. Comparing levelized total electric rates for the CCE program against levelized total electric rates for PG&E service provides a simple measure of ratepayer impacts over the entire ten-year study period. Annual impacts are also provided for each scenario and provide a more detailed picture of ratepayer impacts from year to year of program operations. Greenhouse Gas Emissions Each supply scenario was evaluated based on the emissions of greenhouse gases associated with electricity production as compared to similar projections prepared by PG&E (for its own supply portfolio). Based on PEA’s review of PG&E’s projected annual GHG emissions factors, which have been prepared through calendar year 2020, consideration appears to have been given to the impacts of California’s increasing RPS procurement mandates. PG&E’s projected emissions factor steadily declines through the 2020 calendar year as additional renewable energy purchases and other prospective clean-energy purchases increase with time. PG&E’s GHG emissions factor projections for the five-year period beginning in 2016 through 2020 are identified in the Table 1022: Table 10: PG&E GHG Emission Factor Projections (2016 through 2020) Year Emission Factor (lbs CO2/MWh) Emission Factor (Metric Tons CO2/MWh) 2016 370 0.168 2017 349 0.158 2018 328 0.149 2019 307 0.139 2020 290 0.131 For the balance of the ten-year study period, PEA assumed incremental emission reductions for the PG&E supply portfolio in consideration of increases to California’s RPS procurement mandate and other factors, such as the launch of other California-based CCE programs, which may have the effect of reducing PG&E’s GHG emissions factor (via reductions in short-term conventional energy purchases due to declining retail sales).23 PEA’s assumed annual GHG emissions factors for the PG&E supply portfolio, over the balance of the ten-year study period, are reflected in Table 11: 22 PG&E, Greenhouse Gas Emission Factors: Guidance for PG&E Customers, April 2013. 23 In practical terms, it is not likely that PG&E would materially adjust renewable energy purchases or reduce carbon-free generation (from its hydroelectric and/or nuclear generators) as a result of customer departure following SVCCE formation. These carbon-free resources would generally remain in the PG&E supply portfolio without near-term adjustments for departing load. Instead, it is more likely that PG&E would reduce the amount of conventional market purchases with comparatively high emissions intensities, which would have the effect of marginally reducing its portfolio emissions factor following customer departures as the relative proportion of clean energy sources in the PG&E supply portfolio would incrementally increase. 213 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 33 Table 11: PEA’s Projected GHG Emission Factors for the PG&E Supply Portfolio (2021 through 2025) Year Emission Factor (lbs CO2/MWh) Emission Factor (Metric Tons CO2/MWh) 2021 280 0.127 2022 272 0.123 2023 264 0.120 2024 256 0.116 2025 248 0.112 The PG&E emissions profile was selected as the benchmark for comparison to promote a conservative assessment of direct emissions impacts related to CCE operations (on a head-to-head basis with PG&E’s anticipated supply portfolio). The GHG impacts associated with SVCCE’s supply portfolio will likely be evaluated (by members of the public and, potentially, through new emissions reporting requirements that may be incorporated in annual Power Content Label, or “PCL”, reporting) relative to the PG&E benchmark, which suggests that the aforementioned comparative methodology is appropriate. For each supply scenario, the difference in GHG emissions produced by the scenario’s assumed resource mix and the otherwise applicable PG&E supply portfolio were quantified during each year as well as the entirety of the ten-year study period. The GHG impacts were quantified in terms of total tons of CO2 emissions. Economic Development Impacts A key potential benefit of a CCE program is its ability to promote economic development through investment in and contracts with locally constructed renewable generating infrastructure. Such projects have the potential to stimulate a significant level of new economic activity within California by creating new jobs and spending activities during generator construction, ongoing operation and maintenance. Economic development impacts may also be significant factors when comparing expected operating costs, including generation costs, of the CCE program to electric generation costs under PG&E service, particularly when initial “head-to-head” cost comparisons are comparable. When performing such comparisons, it is important to acknowledge the difficulty in accurately quantifying actual economic benefits related to local project investment, particularly induced economic impacts resulting from the effects of economic multipliers. In qualitative terms, it is reasonable to assume that new development projects would stimulate new economic activity. However, as with any capital project, quantifying the specific location in which such economic benefits may occur, including job creation, is challenging due to numerous uncertainties affecting the proportion of expenditures and employment that would occur within discretely defined geographic boundaries. Certain tools, which rely on the application of industry-specific economic multipliers, have been developed to assist in completing these projections, but decision makers should be aware of the broad range of outcomes that may actually apply when interpreting analytical results. To quantify the economic impacts associated with new renewable generation projects that were incorporated in the indicative long-term renewable energy supply portfolio that was applied in each of the three energy supply scenarios, PEA utilized the National Renewable Energy Laboratory’s (“NREL”) Jobs & Economic Development Impact (“JEDI”) models. NREL is the principal research laboratory for the United States Department of Energy (“DOE”) Office of Energy Efficiency and Renewable Energy and also provides research expertise for the Office of Science, and the Office of Electricity Delivery and Energy Reliability. NREL is operated for DOE by the Alliance for Sustainable Energy, LLC.24 24 National Renewable Energy Laboratory website, http://www.nrel.gov/about/, September 2, 2015. 214 Draft Silicon Valley Community Choice Energy Technical Study Page 34 Section 2: Study Methodology NREL JEDI models are publicly available, spreadsheet-based tools that were specifically designed to “estimate the economic impacts of constructing and operating power plants, fuel production facilities, and other projects at the local (usually state) level. JEDI results are intended to be estimates, not precise predictions. Based on user-entered project-specific data or default inputs (derived from industry norms), JEDI estimates the number of jobs and economic impacts to a local area that can reasonably be supported by a power plant, fuel production facility, or other project.”25 Unique JEDI models have been developed for a variety of resource types, including wind, solar, geothermal, biogas and various other generating technologies. Each version of the model may be downloaded free of charge from NREL’s website: http://www.nrel.gov/analysis/jedi/download.html. According to NREL, the JEDI models are peer reviewed and are intended to project gross job estimates. NREL also notes that it “performed extensive interviews with power generation project developers, state tax representatives, and others in the appropriate industries to determine appropriate default values contained within the models.” In PEA’s opinion, NREL’s JEDI models are the appropriate tools to forecast “order of magnitude” local economic development impacts associated with a CCE program serving communities of the CCE Study Partners. Based on the aforementioned indicative long-term renewable energy contract portfolio that was assumed to exist under each of the three supply scenarios, PEA downloaded, populated and ran the appropriate JEDI models to derive estimates of the anticipated jobs and economic development impacts that could be created in relation to the indicative long-term contract portfolio. PEA utilized each set of economic development projections to assemble an aggregate economic impact analysis for the complete long-term contract portfolio. However, all economic development estimates within this report are presented with the understanding that subtle changes in certain expenditures (and jobs) may result in significant changes to actual economic development impacts. Key output from the JEDI models is presented within three specific categories: jobs, earnings and economic output. Within each of these broadly defined categories, JEDI models approximate the impacts of economic multipliers by quantifying the “ripple effect” that occurs as a result of new local economic activity. JEDI models initially estimate direct economic impacts at the project site and apply economic multipliers, derived from the U.S. Bureau of Economic Analysis, the U.S. Census Bureau and other sources, to approximate impacts within the supply chain (manufacturing job creation, as an example) as well as induced economic impacts (spending that occurs as a result of activity within the first two categories) related to the project. JEDI models also address job creation and economic impacts on a temporal basis, quantifying related impacts during two specific phases of the project lifecycle: 1) construction; and 2) ongoing operation and maintenance. Forecasted economic impacts associated with the indicative long-term contract portfolio are presented in aggregate form, inclusive of all anticipated development/contract opportunities, by summing the project- specific impacts calculated by the JEDI models. This approach facilitates a high-level understanding of the prospective economic impacts that could be created through such contracts but does not address temporal nuance related to the timing and creation of economic benefits associated with specific projects. For example, the unique economic impacts of projects that will begin operation/delivery during the period extending from 2018 through 2025 have been aggregated and presented within a single scenario-specific summary table. When reviewing economic development projections within this Study, it is important to distinguish between economic impacts related to the construction period and the ongoing operation and maintenance period. All job creation estimates are presented as full time equivalent positions (“FTEs”). Projections related to the 25 National Renewable Energy Laboratory website: http://www.nrel.gov/analysis/jedi/about_jedi.html, September 2, 2015. 215 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 35 construction period are intended to capture annual economic benefits received during the defined construction term (24 months, for example; note that actual construction periods may vary from project to project). Economic impacts during the ongoing operation and maintenance period are presented on an annual basis and are projected to persist throughout the project lifecycle. Aggregate jobs and economic development impacts associated with the indicative long-term contract portfolio, which would result in the assumed development and construction of approximately 340 MW (as previously reflected in Table 5, above) of new renewable generating capacity within the state are reflected in Table 12. Table 12: SVCCE Economic Development Benefits Potential As reflected in the previous table, the indicative long-term contract supply portfolio, which is assumed to exist in each of the CCE program’s three planning scenarios, would result in significant economic benefits throughout the state and, potentially, within communities of the CCE Study Partners. It is also noteworthy that all jobs reflected in the previous table are assumed to be additive relative to the status quo. More specifically, PEA assumes that jobs created through new generator development and construction as well as ongoing maintenance activities will not displace existing jobs. Furthermore, it is also reasonable to assume that SVCCE would have little impact on the current PG&E workforce, including those individuals employed to operate and maintain the utility’s distribution infrastructure, provide customer service, operate existing generating facilities and myriad other responsibilities within the utility. To date, PEA is not aware of any specific evidence linking CCE formation and operation to diminished utility employment. In practical terms, the significant majority of utility functions remain unchanged following CCE formation while the responsibilities associated with a very small subset of utility positions may change somewhat in consideration of the coordination required between the incumbent utility and CCE suppliers. 216 Draft Silicon Valley Community Choice Energy Technical Study Page 36 Section 2: Study Methodology With respect to the prospective generating facilities that have been incorporated in SVCCE’s indicative long- term contract portfolio, PEA assumed that the significant majority of such facilities would be developed in optimal renewable resource areas throughout California. PEA also assumed the development of 20 MW of locally situated renewable generating projects, which would be developed during the study period under long-term contract arrangements between SVCCE and third-party project developers (under an assumed SVCCE-administered FIT program) – such projects are discussed below. With regard to anticipated development projects occurring in areas outside of jurisdictions comprising the CCE Study Partners, PEA assumed that virtually all plant equipment, including turbines and other materials, would be procured outside of the CCE Study Partners’ communities. This equipment typically represents the largest single line item expenditure in generator construction. Requisite labor, including general site preparation and ancillary facility construction activities (concrete footings and structures not directly involved in the generation process) would also draw from California’s broader regional workforce. When considering the following economic development benefits potential, note that virtually all impacts – other than those associated with the Local Economic Development Benefits Potential, discussed in the similarly named subsection (below) – are assumed to accrue in areas outside of Santa Clara County. With this in mind, only a relatively small portion of the total potential economic development benefits are assumed to accrue within Santa Clara County. In total, SVCCE’s indicative long-term contract portfolio is projected to result in the creation of approximately 9,000-11,000 new jobs during the aggregate construction period required to complete the assumed 340 MW of new generating projects. During the construction period, individuals working directly on the projects, including electricians, engineers, construction workers and heavy equipment operators, attorneys and permitting specialists, would be responsible for as much as $475 million in new economic output of which as much as $290 million would be collected in the form of salaries and wages. Workers involved with supply chain activities, such as turbine manufacturing and assembly, cement producers and heavy equipment rental companies would be responsible for up to $600 million in new economic activity of which approximately $250 million would be collected in the form of salaries and wages. Furthermore, spending by the aforementioned individuals (as a result of salary and wage collection) would “induce” other local economic impacts at local businesses, including restaurants, grocery stores, gas stations and other providers of goods and services, totaling as much as $300 million of which approximately $110 million would be collected as salaries and wages. In total, the locally developed generation projects identified under SVCCE’s indicative long-term contract portfolio would result in approximately $1.26 to $1.38 billion in new economic output throughout the state and local economy during the construction process. During ongoing operation of the renewable generators, it is projected that as many as 185 new jobs would be created with a total annual economic impact ranging from $18 to $28 million. It is anticipated that these jobs would remain effective as long as the generating facilities remain operational, resulting in significant, lasting impacts to the local economies of the CCE Study Partners. Local Economic Development Benefits Potential The primary source of local jobs and economic development impacts would be derived through projects developed under SVCCE’s anticipated FIT program, which would promote the construction of locally situated, smaller-scale (i.e., up to 1 MW of total generating capacity, per project) renewable generating projects over a period of five to seven years (and beyond, should SVCCE choose to expand this program after initial participatory limitations are achieved). Note that the 1 MW capacity limitation has been referenced in consideration of the FIT programs currently administered by MCE and SCP. To the extent that SVCCE’s governing board determines to specify different project limitations for its FIT program, this would be permissible. However, SVCCE should be aware that projects in excess of 1 MW may result in additional administrative complexities due to generator registration and scheduling requirements (with the CAISO) imposed on projects in excess of the 1 MW capacity threshold. For purposes of this Study and in 217 Draft Silicon Valley Community Choice Energy Technical Study Section 2: Study Methodology Page 37 consideration of a similar FIT program offered by MCE, PEA assumed that SVCCE would eventually (by year five of program operation) support the development of approximately 20 MW of locally situated renewable generating capacity, which will likely utilize the photovoltaic solar generating technology. PEA acknowledges that a fairly aggressive FIT buildout schedule has been incorporated in the Study. However, growing familiarity with the CCE business model and an increasing appreciation amongst project developers for the financial viability of operating CCEs, as well as decreasing prices to be paid under PG&E’s FIT (or “ReMAT”) program, have catalyzed recent interest in CCE-administered FIT programs. In fact, interest in MCE’s FIT has jumped over the past year with more than 6 MW of locally situated renewable generating capacity (out of MCE’s total FIT participatory cap of 10 MW) actively operating or under development (with related FIT contracts in place between the developers of such projects and MCE). Ultimately, many factors may affect SVCCE’s FIT buildout schedule, including the availability of project financing to interested project developers, actual project interconnection timelines (for most projects, interconnection will be pursued under a PG&E- administered process, which is subject to delays), price competitiveness and other factors. To the extent that SVCCE’s FIT buildout schedule is delayed, noted economic development benefits will be deferred until such projects can be completed. Based on applicable JEDI modeling results, the prospective SVCCE FIT program would result in the creation of more than 370 local jobs during generator construction with as many as 500 additional jobs created through supply chain and induced (during the construction period) economic activity over a period ranging from five to seven years, depending on the actual period of time required to complete construction activities. As previously noted, these construction jobs are temporary, but there is also a nominal level of ongoing support for jobs supporting requisite operation and maintenance activity, which is projected to be approximately six full-time equivalent employees during each year of facility operation (which may continue for 25-30 years). Project development would also generate nearly $23 million in earnings for those working on the FIT projects, which is expected to create a total economic stimulus approximating nearly $40 million (in consideration of economic multiplier effects created by the spending of earnings/wages). Supply chain and induced impacts would also be significant totaling approximately $26 million and $71 million, respectively. It is also anticipated that SVCCE would employ 10 to 30 internal staff, depending on decisions related to outsourcing/insourcing of requisite activities, during program implementation and ongoing operation. These estimates were derived by PEA in consideration of direct experience working with California’s operating CCE programs. Depending on staffing levels, aggregate direct salaries for such staff are estimated to range from $1 to $3 million per year with a total of $3 to $9 million in total annual local economic activity generated by SVCCE staff. These local economic development impacts are subsumed in the aggregate economic development impact totals reflected in the previous table. It is also noteworthy that PEA attempted to contact NREL regarding certain wage-related assumptions that are included in the various JEDI models, specifically whether or not prevailing wages are reflected in such assumptions. In spite of PEA’s efforts, NREL has been non-responsive. To the extent that prevailing wage requirements are imposed in any project-specific power purchase agreement, it is reasonable to assume that earnings and related economic development impacts may somewhat increase to the extent that NREL’s wage assumptions are lower than applicable prevailing wages. 218 Draft Silicon Valley Community Choice Energy Technical Study Page 38 Section 3: SVCCE Technical Parameters (Electricity Consumption) SECTION 3: SVCCE TECHNICAL PARAMETERS (ELECTRICITY CONSUMPTION) Historical and Projected Electricity Consumption Total electric consumption for eligible customers within communities of the CCE Study Partners was provided by PG&E for the 2013 and 2014 calendar years. The PG&E historical data was used as the basis for the study’s customer and electric load forecast. Based on PEA’s review of the PG&E data set, there were 244,205 electric customers within the potential CCE service territory. These customers consumed approximately 4,771 million kilowatt-hours of electricity during the 2014 calendar year. It is noteworthy that the aforementioned customer account and usage statistics include approximately 765 accounts, which are currently served through direct access service arrangements with third party suppliers. These customers account for approximately 17% of the aforementioned energy consumption, or approximately 799 million kWh annually, within communities of the CCE Study Partners. Such usage has been excluded from the projections reflected in this Study – under direct access service arrangements, which are no longer available to California consumers26, individual customers typically engage in shorter-term contract arrangements for the provision of electric generation service. By enrolling direct access accounts in the SVCCE program, such customers would be potentially exposed to duplicate generation charges and/or may be in violation of existing supply agreements. In consideration of these potential issues, direct access accounts have been excluded from SVCCE’s prospective customer base. Table 13 summarizes customer account totals and historical annual energy use within communities of the SVCCE Study Partners. When reviewing the statistics reflected in Table 13, note that the historical annual electricity usage within communities of the CCE Study Partners is more than double MCE’s total annual energy use (which approximates 1.8 million MWh per year) and approximately 1.6 times the size of SCP’s annual sales volume. Table 13: SVCCE – Electric Energy Overview Current Service Provider Customer Accounts Customer Accounts (% of Total) Energy Use (MWh) Energy Use (% of Total) PG&E (“Bundled” electric accounts) 243,440 99.7% 3,971,985 83% Direct Access electric accounts 765 0.3% 799,268 17% Total – SVCCE Study Partners 244,205 100.0% 4,771,253 100.0% Figure 11 shows how potential electric customers are distributed throughout communities of the CCE Study Partners: the largest customer populations within the potential CCE jurisdiction include the City of Sunnyvale, the City of Mountain View, unincorporated areas of Santa Clara County, the City of Cupertino and the City of Campbell. 26 Consideration of Senate Bill 286 (Hertzberg), which would have expanded eligibility of direct access service within California, subject to the provision of increased levels of renewable energy supply, was recently suspended by the California legislature and is now a two-year bill. In consideration of this suspension, the participatory cap on direct access service remains capped/fixed at current levels, precluding new customer accounts from enrolling in such service options. 219 Draft Silicon Valley Community Choice Energy Technical Study Section 3: SVCCE Technical Parameters (Electricity Consumption) Page 39 Figure 11: Geographic Distribution of Customers Figure 12 shows the distribution of electric consumption by municipality. The geographic distribution of energy consumption is somewhat different when compared to the service account data in Figure 11 above, indicating disproportionately higher use in certain communities (as a result of differentiated account composition, particularly higher concentrations of larger commercial and/or industrial account types, within such jurisdictions). Figure 12: Geographic Distribution of Electric Consumption In deriving the load projections used for the Study, adjustments to the base forecast were made to remove customers identified as taking service under direct access27 as it was assumed that direct access customers would remain with their current electric service provider. Further adjustments were made to estimate customer 27 Direct access allows customers to choose to receive generation service from competitive electricity providers. Currently, direct access service is not available to new customers within California. Proposed legislation may lead to the reopening of this service option at some point in the future. 0%5%10%15%20%25%30% Sunnyvale Mountain View Unincorporated Santa Clara Cupertino Campbell Gilroy Morgan Hill Los Gatos Los Altos Saratoga Los Altos Hills Monte Sereno 0%5%10%15%20%25%30%35%40% Sunnyvale Mountain View Unincorporated Santa Clara Gilroy Cupertino Morgan Hill Campbell Los Gatos Los Altos Saratoga Los Altos Hills Monte Sereno 220 Draft Silicon Valley Community Choice Energy Technical Study Page 40 Section 3: SVCCE Technical Parameters (Electricity Consumption) opt-out rates during the statutory customer notification period when eligible customers would be offered CCE service and provided with information enabling them to opt out of the program. PEA assumed a 15% customer opt-out rate, which is generally consistent with the reported opt-out rates observed during recent expansions of the MCE program, when evaluating each of SVCCE’s prospective supply scenarios. Sensitivities using different opt-out rates are presented in Section 6. Going forward, potential customers and energy consumption were projected to increase by 0.5% annually, consistent with statewide projections and reflecting impacts from the significant emphasis being placed on energy efficiency within the state. The most recent baseline sales forecast for the PG&E planning area projects an average growth in energy consumption of 1.29% between 2013 and 2025.28 Adjusting the long- term growth rate for estimates of incremental self-generation (e.g., rooftop photovoltaic systems) and achievable energy efficiency yields an annual net energy consumption increase of approximately 0.3% for the PG&E planning area.29 A slightly higher growth rate (0.5%) was used for the SVCCE sales forecast in consideration of the above average growth expected for the SVCCE area. Projected Customer Mix and Energy Consumption The projections for enrolled customers (excluding direct access customers) and annual electricity consumption for the major customer classifications are shown in Table 14. Hourly electricity consumption and peak demand were estimated using hourly load profiles published by PG&E for each customer classification. Table 14: Projected Accounts Totals and Energy Use for the SVCCE Customer Base Customer Classification Customer Accounts Customer Accounts (% of Total) Energy Use (MWh) Share of Energy Use (%) Residential 218,049 90% 1,336,200 34% Small Commercial 19,120 8% 423,180 11% Medium Commercial 2,527 1% 569,501 14% Large Commercial 1,166 <1% 780,723 20% Industrial 43 <1% 771,462 19% Ag and Pumping 944 <1% 62,238 2% Street Lighting 1,588 1% 20,619 1% TOTAL* 243,437 100.0% 3,963,923** 100% Peak Demand 660 MW (July) *Numbers may not add due to rounding. **These totals exclude accounts that currently receive generation service under direct access arrangements. Also excluded are a small number of commercial customers receiving bundled service under a standby rate option, under which customers generate their own electricity and utilize the grid primarily for backup purposes. It is assumed that SVCCE’s initial schedule of available rate options may not accommodate such customers as the usage profile is sporadic and relatively costly to serve. As a result, the account totals and annual energy consumption statistics reflected in the “Total” line item are slightly less than the overall account totals and energy usage reported at the beginning of Section 3. The hourly load forecast indicates a peak demand of approximately 660 MW (occurring during the month of July), a minimum demand of approximately 300 MW (occurring during the month of March), and an average demand of about 450 MW. The minimum demand establishes the requirement for baseload energy (constant production level), while the difference between the peak demand and the minimum demand would be met by peaking and dispatchable, load following resources. 28 Kavalec, Chris, 2015. California Energy Demand Updated Forecast, 2015-2025. California Energy Commission, Electricity Supply Analysis Division. Publication Number: CEC-2002014-009-CMF, Table 6. 29 Ibid., Table 26 221 Draft Silicon Valley Community Choice Energy Technical Study Section 3: SVCCE Technical Parameters (Electricity Consumption) Page 41 Figure 13 shows the hourly load projections for the CCE program in Year 1 of program operations. Figure 13: Hourly Electric Load Profile for the CCE Study Partners Renewable Energy Portfolio Requirements Current law requires that specified percentages of annual retail electricity sales be supplied from qualified renewable energy resources. Senate Bill X1 2 (April, 2011) established a 33% Renewables Portfolio Standard by 2020 with certain interim procurement targets applying in each of three “Compliance Periods”: Compliance Period 1 began on January 1, 2011 and concluded on December 31, 2013 (a three-year period); Compliance Period 2 began on January 1, 2014 and will continue through December 31, 2016 (a three-year period; the current compliance period); and Compliance Period 3 (a four-year period), which will commence on January 1, 2017 and conclude on December 31, 2020. - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 KW Annual Hourly Load Profile 600,000 - 700,000 500,000 - 600,000 400,000 - 500,000 300,000 - 400,000 200,000 - 300,000 100,000 - 200,000 - - 100,000 222 Draft Silicon Valley Community Choice Energy Technical Study Page 42 Section 3: SVCCE Technical Parameters (Electricity Consumption) SBX1 2 also specified additional requirements for the types of renewable energy products that may be used to demonstrate compliance with California’s RPS. According to the currently effective RPS program, there are three Portfolio Content Categories (“PCCs” or “Buckets”) that have been defined in consideration of the unique product attributes associated with typical renewable energy products.  PCC1, or Bucket 1, renewable products are produced by RPS-certified renewable energy generators located within the state or by out-of-state generators that can meet strict scheduling requirements, ensuring deliverability to California. For purposes of demonstrating RPS compliance, there are no limitations with regard to the use of PCC1 products.  PCC2, or Bucket 2, renewable products are generally “firmed/shaped” transactions through which the energy produced by an RPS-certified renewable energy generator is not necessarily delivered to California, but an equivalent quantity of energy from a different, non-renewable generating resource is delivered to California and “bundled” (or associated via an electronic transaction tracking system) with the renewable attribute produced by the aforementioned RPS-certified renewable generator. As noted, PCC2 products rely on electronic transaction tracking systems to substantiate the delivery of specified quantities of RPS-eligible renewable energy.  PCC3, or Bucket 3, renewable products refer to unbundled renewable energy certificates, which are sold separately from the associated electric energy (with no physical energy delivery obligations imposed on the seller of such products). Under RPS rules, limitations apply with regard to the use of PCC2 and PCC3 products. A more detailed description of the renewable product procurement specifications applicable under the currently effective RPS program are described in Table 15. Table 15: Renewable Energy Procurement Requirements of California’s RPS Program Compliance Period Calendar Year Overall Procurement Target (% of Total Retail Sales) PCC1 Procurement (% of Total RPS Procurement) PCC2 Procurement (% of Total RPS Procurement)* PCC3 Procurement (% of Total RPS Procurement) CP 1 2011 20.0% ≥50.0% ≤50.0% ≤25.0% CP 1 2012 20.0% ≥50.0% ≤50.0% ≤25.0% CP 1 2013 20.0% ≥50.0% ≤50.0% ≤25.0% CP 2 2014 21.7% ≥65.0% ≤35.0% ≤15.0% CP 2 2015 23.3% ≥65.0% ≤35.0% ≤15.0% CP 2 2016 25.0% ≥65.0% ≤35.0% ≤15.0% CP 3 2017 27.0% ≥75.0% ≤25.0% ≤10.0% CP 3 2018 29.0% ≥75.0% ≤25.0% ≤10.0% CP 3 2019 31.0% ≥75.0% ≤25.0% ≤10.0% CP 3 2020 33.0% ≥75.0% ≤25.0% ≤10.0% *Note that PCC2 products may be used in place of PCC3 products. Beyond the 2020 calendar year, California’s RPS procurement target was recently increased to 50% by 2030 – Governor Brown signed SB 350 (De Leon and Leno), the Clean Energy and Pollution Reduction Act of 2015, on October 7, 2015; SB 350 increases California’s RPS procurement target to 50% by 2030 amongst other clean-energy initiatives. Many details related to SB 350 implementation will be developed over time with oversight by designated regulatory agencies. However, it is reasonable to assume that interim annual renewable energy procurement targets will be imposed on CCEs and other retail electricity sellers to facilitate progress towards the 50% RPS; PEA also expects that additional detail regarding renewable energy product 223 Draft Silicon Valley Community Choice Energy Technical Study Section 3: SVCCE Technical Parameters (Electricity Consumption) Page 43 eligibility, including any restrictions and/or requirements regarding the use of such products, will also become clearer during upcoming implementation efforts. For purposes of this Study, PEA assumed straight-line progress when moving from the 33% RPS mandate in 2020 to the 50% RPS mandate in 2030, or 1.7% annual increases in California’s renewable energy procurement target during the ten-year transition period. With respect to the applicability of various renewable energy products that may be eligible under the prospective 50% RPS, PEA assumed a similar product mix to that which will be allowed under the current RPS program in calendar year 2020: minimum 75% PCC1 content; maximum 10% PCC3 content. Again, final details related to the implementation of SB 350 will not be certain until implementation of this legislation commences in coordination with assigned regulatory agencies. With regard to any voluntary (above-RPS) renewable energy procurement activities, PEA has assumed that the CCE program would have discretion in how it meets such voluntary, internally imposed targets reflected in the prospective planning scenarios. Table 16 illustrates PEA’s assumed RPS procurement rules as California transitions to a 50% RPS by 2030. Table 16: Projected Renewable Energy Procurement Requirements Following SB350 Implementation Compliance Period Calendar Year Overall Procurement Target (% of Total Retail Sales) PCC1 Procurement (% of Total RPS Procurement) PCC2* Procurement (% of Total RPS Procurement)* PCC3 Procurement (% of Total RPS Procurement) TBD 2021 34.7% ≥75.0% ≤25.0% ≤10.0% TBD 2022 36.4% ≥75.0% ≤25.0% ≤10.0% TBD 2023 38.1% ≥75.0% ≤25.0% ≤10.0% TBD 2024 39.8% ≥75.0% ≤25.0% ≤10.0% TBD 2025 41.5% ≥75.0% ≤25.0% ≤10.0% TBD 2026 43.2% ≥75.0% ≤25.0% ≤10.0% TBD 2027 44.9% ≥75.0% ≤25.0% ≤10.0% TBD 2028 46.6% ≥75.0% ≤25.0% ≤10.0% TBD 2029 48.3% ≥75.0% ≤25.0% ≤10.0% TBD 2030 50.0% ≥75.0% ≤25.0% ≤10.0% *Note that PCC2 products may be used in place of PCC3 products. Capacity Requirements The CCE program would be required to demonstrate it has sufficient physical generating capacity to meet its projected peak demand (660 MW) plus a 15% planning reserve margin, in accordance with resource adequacy regulations administered by the CPUC and the CEC. A specified portion of generating capacity must be located within certain local reliability areas and the remaining capacity requirement can be met with generating plants anywhere within the CAISO system. Presently, there are two local reliability areas (as defined in the CPUC’s annual Resource Adequacy Guide) that would apply to the CCE program: the “Greater Bay Area” and the “Other PG&E Areas.” Additionally, the CPUC and CAISO impose a flexible capacity requirement, which must be satisfied by all California load serving entities, including CCEs, to ensure that certain quantities of reserve capacity are capable of increasing generation levels within specified time periods (to promote system reliability when the production from certain grid-connected generators quickly changes as is becoming increasingly common as a result of California’s buildout of intermittent renewable energy resources). 224 Draft Silicon Valley Community Choice Energy Technical Study Page 44 Section 3: SVCCE Technical Parameters (Electricity Consumption) Based on PEA’s experience in managing resource adequacy portfolios and compliance activities, the following resource adequacy capacity requirements were assumed to apply to SVCCE’s CCE program to meet the requirements identified above. Such resource adequacy capacity requirements are identified in Table 17. Table 17: SVCCE’s Projected Resource Adequacy Capacity Requirements Capacity Type Percentage of Peak Demand CAISO System 75% Greater Bay Area 14% Other PG&E Areas 26% Total 115% Accordingly, the total resource adequacy requirement for SVCCE’s first year of full operations would be approximately 631 MW per month, with approximately 75 MW of the total procured from the Greater Bay Area region, 145 MW procured from any other local reliability area in the PG&E service area, and 410 MW procured from anywhere within the CAISO northern region (NP15). Requisite resource adequacy products are typically procured/secured through one or more of the following arrangements: 1) short- to medium-term contract arrangements with the owners or controllers of qualifying generating capacity; 2) capacity attributes conferred through long-term power purchase arrangements with specified generators – such contracts typically provide the buyer with both energy and capacity products from one or more specific generating resources identified in the purchase agreement; or 3) direct ownership of generating facilities, which may be eligible to provide requisite resource adequacy capacity. 225 Draft Silicon Valley Community Choice Energy Technical Study Section 4: Cost of Service Elements Page 45 SECTION 4: COST OF SERVICE ELEMENTS This section summarizes the different types of costs that would be incurred by the CCE program in providing electric service to its customers. For each supply scenario, a detailed pro forma was developed that delineates the applicable cost of service elements. These pro forma are shown in Appendix A. Electricity Purchases The CCE program would be financially responsible for supplying the net electric demand of all enrolled customers, and it would be able to source that supply from a variety of markets and/or through the program’s own generation resources. Energy requirements are ultimately financially settled by the CAISO. The CAISO plays a critical role in balancing supply and demand on a significant portion of California’s electric grid and operates short-term markets for energy as well as real-time balancing services to cover inevitable moment-to-moment fluctuations in electricity consumption (resulting from circumstances including but not limited to weather, unexpected changes in customer energy use, unexpected variances in generator operation, infrastructure outages and other situations). The CCE program would interact with the CAISO through an intermediary known as a “Scheduling Coordinator”, periodically reporting usage data for its customers and settling with the CAISO for any imbalances (i.e., instances in which the load forecast and/or the planned generator operation differs from expectations, requiring the CAISO to balance any variances through the operation of other system resources) or transactions in the CAISO markets. Bilateral markets exist for longer term purchases, which allow hedging (i.e., contractual protection via specified/fixed product pricing over a mutually agreed upon delivery term) against the fluctuations in CAISO market prices. Longer term purchases can span many years, with the most active trading being for contracts with terms of less than three years in duration. Contracts for new generation resources typically have contract term lengths of twenty (20) years or more, allowing the project developer/owner to utilize the contract’s expected revenue stream to support project financing. Electric purchase costs were estimated using the projected energy demand during the industry-defined peak and off-peak time periods. Assumed renewable energy contracts of the CCE program, as reflected in the previously described indicative long-term contract portfolio, were subtracted from SVCCE’s expected peak and off-peak energy demands, resulting in a residual energy requirements, or “net short”, which was assumed to be met with short and mid-term contract purchases of system energy (produced by conventional generating technologies; within California, the majority of system energy is produced by generators using natural gas as a primary fuel source). Renewable Energy Purchases Renewable energy purchases may take two forms: 1) physical electric energy bundled with associated renewable/environmental attributes; or 2) unbundled renewable/environmental attributes, which are sold separately from the physical energy commodity. As described in Section 2, unbundled RECs were not incorporated in any of the supply scenarios addressed in this Study; only bundled renewable energy resources, which were assumed to meet the product delivery specifications associated with the PCC1 and PCC2 product designations were incorporated in the indicative SVCCE supply portfolios. Purchases of renewable energy from new resources are typically made under bundled, long-term contract arrangements of 20 years or more. Shorter term purchases are common for existing renewable resources and for unbundled renewable energy certificates. 226 Draft Silicon Valley Community Choice Energy Technical Study Page 46 Section 4: Cost of Service Elements Renewable energy currently sells for a premium relative to the cost of conventional power. However, when compared to the cost of new, natural gas-fueled generation, renewable resources tend to have lower levelized costs.30 Renewable energy purchase costs were estimated using predominantly long-term contracts for new renewable energy projects as specified in the indicative long-term contract portfolio. Short-term market purchases of bundled renewable energy were assumed to fulfill SVCCE’s remaining renewable energy needs. With regard to the term renewable energy certificates, or “RECs”, it is important to understand that a REC is the only mechanism by which ownership of renewable energy can be demonstrated/substantiated. One REC is created for every whole MWh of metered electricity produced by a registered renewable generating facility. Within the Western United States, a tracking system known as the Western Renewable Energy Generation Information System (“WREGIS”) has been developed to facilitate the management of RECs, providing a platform through which RECs can be transferred between buyers and sellers of renewable energy products and also “retired” (meaning, removed from the marketplace) for purposes of demonstrating legal/regulatory compliance or achievement of certain voluntary procurement objectives. All renewable energy production is substantiated via the creation of a REC, which occurs following WREGIS’ verification of metered energy production by a registered renewable generating resource. Use of the WREGIS system for purposes of REC accounting serves to minimize concerns regarding double-counting during compliance demonstration and public reporting – in the event that a renewable energy buyer does not possess a REC, it cannot make claims with regard to the associated environmental benefits. Again, some RECs are bundled with the associated electric energy; other RECs are sold apart from the electric commodity – such RECs are appropriately referred to as “unbundled RECs”. The transaction documentation associated with each renewable energy purchase should outline applicable product specifications, including whether or not RECs are being sold with or apart from the electric commodity. In selecting its renewable energy product mix, the CCE program should be aware that California law permits the use of a limited quantity of unbundled RECs, or PCC3 product volumes, for purposes of demonstrating RPS compliance – applicable limitations were previously described in Section 3. Such products currently represent lower-cost options when compared to PCC1 and PCC2 products due to the administrative simplicity associated with such transactions. In recent years, there has been robust philosophical debate regarding the advantages and pitfalls of unbundled REC use, particularly the environmental benefits associated with such products. Significant research and documentation has been prepared regarding this topic, and SVCCE is encouraged to review such information prior to engaging in unbundled REC transactions. Organizations including the Center for Resources Solutions (the program administrator for the Green-e Energy program), the United States Environmental Protection Agency, the United States Federal Trade Commission and The Climate Registry, amongst others, have all completed research and/or issued positions regarding the use of unbundled RECs. Furthermore, Assembly Bill 1110 (Ting), which was introduced to the California legislature on February 27, 2015 but is now a two-year bill, was intended to promote the inclusion of GHG emissions intensity reporting by retail electricity suppliers (in annual Power Content Label communications). If AB 1110 moves forward next year, it could impose a retail-level emissions calculation methodology that may eliminate all GHG emissions benefits associated with unbundled RECs. In consideration of the CCE Study Partners’ preliminary planning decision to exclude the use of unbundled RECs from all prospective supply scenarios, the potential change in GHG reporting conventions contemplated under AB 1110 would not present any issues for SVCCE. 30 See for example, Table 62, Estimated Cost of New Renewable and Fossil Generation in California, California Energy Commission, March 2015. 227 Draft Silicon Valley Community Choice Energy Technical Study Section 4: Cost of Service Elements Page 47 However, if SVCCE chooses to reconsider the use of unbundled RECs at some point in the future, it should be aware that such a practice may result in the reporting of higher than anticipated portfolio emission levels. As previously discussed and in light of the perceived risks and general controversy associated with the use of unbundled RECs, the CCE Study Partners advised PEA to exclude Bucket 3 products from each of the prospective supply scenarios. Electric Generation Generation projects developed or acquired by the CCE program could also supplement energy purchases. Generation costs would include development costs, capital costs for land, plant and equipment, operations and maintenance costs, and, if applicable, fuel costs. Capital costs for publicly owned utilities such as a CCE are typically financed with long-term debt, and the annual debt service would be an element of annual CCE program costs. For purposes of this Study, PEA’s analysis did not contemplate the utilization of CCE- owned/developed generating resources during the ten-year study period for reasons previously described. Transmission and Grid Services The CAISO charges market participants, including CCEs (via the CCE’s selected scheduling coordinator) for a number of transmission and grid management services that it performs. These include costs of managing transmission congestion, acquiring operating reserves and other “ancillary services”, and conducting CAISO markets and other grid operations. The CAISO charges are both directly related to SVCCE’s operations, but there are other grid charges that are shared across all load serving entities on a pro rata basis. These costs would be assessed to the Scheduling Coordinator for the CCE program, and are assumed to be directly passed through to the CCE program with no markup. Start-Up Costs Start-up costs are estimated to be nearly $2.9 million, which would provide necessary program funding during the approximate twelve-month period immediately preceding service commencement to SVCCE customers. Start-up costs include SVCCE staffing and requisite professional services, security deposits, the CCE bond/financial security requirement, communications and customer notices, data management, and other activities that must occur before the program begins providing electricity to its customers. These costs would be recovered through SVCCE rates after service commences. A breakdown of estimated start-up costs is shown in Table 18. 228 Draft Silicon Valley Community Choice Energy Technical Study Page 48 Section 4: Cost of Service Elements Table 18: Estimated SVCCE Program Start-Up Costs Cost Item Amount Internal Staff $730,000 Technical Consulting and Legal Services $620,000 Marketing and Communications $280,000 Customer Noticing and Mailers $120,000 Security Deposits $40,000 Miscellaneous Administrative and General $95,000 CCE Bond $100,000 Debt Service $720,000 Other Pre-launch Activities $180,000 Total $2,885,000 SVCCE start-up cost estimates are based on expenses incurred during the pre-launch activities of California’s operating CCE programs. More specifically, PEA developed a start-up cost profile in consideration of the actual experiences of California’s operating CCE programs, then scaled SVCCE start-up cost estimates based on relative size (electric energy requirements) and customer composition when compared to the representative start-up cost profile. A detailed description of each cost item is provided below. Internal Staffing: As an independently operating JPA, it is assumed that the SVCCE program will begin to hire its own staff (on an interim or full-time basis, depending on specific job responsibilities) twelve months prior to service commencement. Technical Consulting and Legal Services: Includes services provided by experienced firms and/or individuals to support the following pre-launch activities: contract negotiations (with data management providers and energy suppliers), regulatory and compliance reporting, load forecasting, rate design and ratesetting, customer rate analysis, joint mailer content development, pro forma and budget development, and other portfolio management services. Costs also include discussions, technical analysis, and negotiations (with banking and financial institutions) related to securing financing for Program operations. This line item generally addresses related costs that will be incurred during the twelve-month period immediately preceding SVCCE launch. Marketing and Communications: Includes costs specific to marketing, communications and customer outreach, which are assumed to be outsourced services for purposes of this Study. Additional costs include the design and printing of marketing materials, advertising across various media, and sponsorship of community events. Customer Noticing and Mailers: Includes costs associated with the first two customer mailers (printing and postage), which will be sent to prospective customers prior to service commencement – these notices are also commonly referred to as “opt-out notices.” Estimates are based on costs incurred by existing CCE programs. Security Deposits: Includes amounts required to satisfy the PG&E security deposit, which equates to the monthly average PG&E service fee to be incurred by SVCCE during its first year of operation. The security deposit is typically posted around the same time as the CCE Bond (which will be posted with the CPUC). Miscellaneous Administrative and General: Includes additional overhead during the twelve-month period immediately preceding service commencement. Some of these costs include travel, office supplies, and rent for office space. 229 Draft Silicon Valley Community Choice Energy Technical Study Section 4: Cost of Service Elements Page 49 CCE Bond: An amount equal to $100,000, which SVCCE would be required to post with the CPUC prior to launching the Program. For purposes of this Study, it is assumed that the CCE Bond is posted upon certification of the Implementation Plan. Debt Service: Includes interest and principal payments associated with initial program financing. Such payment obligations are expected to commence four months prior to service commencement. Depending on SVCEE’s final credit structure, SVCCE could potentially negotiate terms that are more closely aligned with the anticipated timing of rate revenue receipt. SVCCE’s “bridge-financing”, which is required to ensure that the Program has adequate working capital at the time of launch and during the months immediately thereafter, is the basis for assumed debt service payments. Other Pre-Launch Activities: Includes costs related to Implementation Plan development, product and portfolio design (i.e., the compilation and description of default and voluntary retail service options as well as requisite portfolio accounting activities to ensure that all customer commitments are satisfactorily addressed), and Request for Proposal development and administration (to secure requisite data manager services, energy products and scheduling coordinator services). Costs would be incurred by SVCCE during the twelve-month period immediately preceding service commencement. Financing Costs SVCCE would need access to capital for the primary purposes of covering anticipated start-up costs and working capital requirements as well as any other project financing needs that may arise. Working capital requirements are estimated at $9 million (with related debt service reflected in Table 18 above), which would cover cash flow needs, primarily arising from the timing lag between power purchase payment deadlines and the receipt of customer revenues. The noted $9 million in working capital requirements is additive to the $2.9 million in start-up costs (discussed above in the “Start-Up Costs” sub-section). Typical invoicing timelines for wholesale power purchase contracts require payment (for the prior month’s energy deliveries) by the 20th of each month. Customer payments (revenues) are typically received within sixty to ninety days following electricity delivery. The timing difference between cash outflows and inflows represents SVCCE’s working capital requirement. The possibility exists to negotiate payment timelines with power suppliers in order to reduce SVCCE’s initial working capital requirement. For example, both SCP and LCE have negotiated an additional 30 days in the supplier payment timeline, which significantly reduces each organization’s working capital need. Billing, Metering and Data Management PG&E provides billing and metering services for all CCE programs and charges the CCE for such services in accordance with applicable tariffs, which are regulated by the CPUC. PG&E posts the meter data to a data server that the CCE program would be able to access for its power accounting and settlements. PG&E uses systems to exchange billing, payment, and other customer data electronically with competitive retail electric providers such as CCEs. While PG&E issues customer bills and processes customer payments, the CCE program will have a large amount of data to manage and must be able to exchange data with PG&E using automated processes. PEA included costs for third party data management as well as PG&E charges for billing and metering in this cost of service category. 230 Draft Silicon Valley Community Choice Energy Technical Study Page 50 Section 4: Cost of Service Elements Staff and Other Operating Costs Internal staffing and/or contractors would be required to manage SVCCE’s day-to-day operations. These activities include program management, financial administration, resource planning, marketing and communications, regulatory compliance and advocacy, and other general administration. Such costs were estimated for SVCCE based on a review of the publicly available budgets adopted by the currently operating CCE programs: Marin Clean Energy, Sonoma Clean Power, and Lancaster Choice Energy. Additional costs were included for administration of certain demand side programs anticipated to be offered by SVCCE. These programs may include customer self-generation (net energy metering) program incentives, electric vehicle charging programs, energy efficiency and demand response programs. Included in the pro forma projections for this cost element is an assumed $1,275,000 annual budget to support the administration of such programs, which is assumed to include the funding of various customer incentives that may be offered by SVCCE. SVCCE may also qualify for additional funding for administration of energy efficiency programs through application to the CPUC. Uncollectible Accounts CCE rates must account for the small fraction of customers who do not pay their electric bill. PG&E attempts to collect the CCE’s charges, but some accounts must be written off as uncollectible. An allowance for uncollectible accounts has been included as a program cost element. Program Reserves A reasonable revenue surplus was factored in to estimated SVCCE rates to fund a reserve account that would be used for contingencies or as a rate stabilization tool. Financing also requires generation of net revenues that accumulate as reserves, as lenders typically require maintenance of debt service coverage ratios that would necessitate setting rates to yield revenues in excess of program costs. Bonding and Security Requirements SVCCE would be required to provide a security deposit to PG&E and post a bond or other form of financial security with the CPUC as part of its registration process. The security deposit covers approximately one month of PG&E charges for billing and metering services. The CCE bond or financial security requirement, which is posted with the CPUC, is intended to cover the potential reentry costs if customers were to be involuntarily returned to PG&E. The currently effective financial security requirement is $100,000, but PG&E and other investor owned utilities have advocated changes to the methodology that could, under certain market conditions, result in extremely large financial security requirements. PEA’s estimate of the CCE Bond amount reflects the currently applicable specification ($100,000). However, the CCE program should actively monitor applicable regulatory proceedings, which may result in changes to this bond amount. Risks associated with such changes are discussed in additional detail within Section 7 of this Study. PG&E Surcharges SVCCE customers will pay the CCE’s rates for generation services, PG&E’s rates for non-generation services (transmission, distribution, public purpose, etc.), and two surcharges that are currently included in PG&E’s generation rates: the Franchise Fee Surcharge and the Power Charge Indifference Adjustment (“PCIA”). These surcharges are not program costs per se, but they do impact how a customer’s bill will compare between PG&E bundled service and CCE service. 231 Draft Silicon Valley Community Choice Energy Technical Study Section 4: Cost of Service Elements Page 51 The franchise fee surcharge is a minor charge that ensures PG&E collects the same amount of franchise fee revenues whether a customer takes generation service from a CCE or from PG&E. The PCIA is a substantial charge that is intended to ensure that generation costs incurred by PG&E before a customer transitions to CCE service are not shifted to remaining PG&E bundled service customers (following a customer’s departure from PG&E to CCE service). For purposes of this Study, PEA’s assumed surcharges reflect the most recent advice provided by PG&E and assumed changes to the PG&E supply portfolio over time. 232 Draft Silicon Valley Community Choice Energy Technical Study Page 52 Section 5: Cost and Benefits Analysis SECTION 5: COST AND BENEFITS ANALYSIS This section contains a quantitative description of the estimated costs and benefits for each representative supply scenario. Each scenario was evaluated using the three criteria described in Section 2. Ratepayer costs and benefits are evaluated on the basis of the total electric rates customers would pay under CCE service as compared to PG&E bundled service. Total electric rates include the rates charged by the CCE program plus PG&E’s delivery charges and other surcharges. Environmental benefits are evaluated on the basis of reductions in GHG (CO2) emissions relative to the reference case. Local economic benefits are evaluated on the basis of jobs and economic activity created by the CCE program’s investments in local generation resources. When assessing the comparative environmental impacts associated with each of SVCCE’s prospective supply scenarios, it is important to consider the potential changes that could result from PG&E’s reduced or discontinued use of nuclear electricity produced by the Diablo Canyon Power Plant (“DCPP”). DCPP currently produces approximately 18,000 GWh, or more than 20% of PG&E’s total power content, per year, but licenses for the facility’s two reactor units expire in 2024 and 2025, respectively. At this point in time, there is uncertainty regarding PG&E’s ability to successfully relicense these units under the current configuration, which utilizes once-through cooling as part of facility operations. Environmental concerns regarding the use of once- through cooling may present relicensing challenges for PG&E, which could result in temporary or permanent discontinued operation of DCPP. Under this scenario, which falls towards the outer years of the study period, SVCCE’s actual GHG emissions impact would dramatically improve under each of the prospective supply scenarios. It is also noteworthy, that discontinued DCPP operation (without the addition of equivalent generating capacity within the region) may also impose upward pressure on market energy prices and resource adequacy products. PEA recommends that the CCE Study Partners continue to monitor the relicensing status of DCPP as expiration of the existing licenses approaches. As previously discussed (in Section 2), it is important to keep in mind the planned phase-in strategy for the prospective SVCCE customer base, which is expected to occur over a three-year period. The projected operating results reflected in the Study demonstrate the impacts of a phase-in strategy that would enroll customers in the following manner: 1) one-third of prospective SVCCE customers would be enrolled during the first month of service, drawing from a broad, representative cross section of the entire SVCCE customer base; 2) another third of the original customer population (i.e., half of the remaining customer population which had yet to be enrolled) would be transitioned to CCE service during the thirteenth month of operation, reflecting similar characteristics when compared with the first phase; and 3) all remaining customers not previously enrolled would be transitioned to CCE service during the twenty fifth month of program operations. Scenario 1 Study Results Ratepayer Costs The primary objective of Scenario 1 is to match the GHG emissions intensity of PG&E’s projected supply portfolio while also exceeding the incumbent utility’s proportionate renewable energy supply without the use of unbundled RECs. Consistent with PEA’s expectations, projected SVCCE customer rates in Scenario 1 are lower than similar rate projections for PG&E throughout the ten-year study period, with annual comparative benefits ranging from 3% to 5%. Levelized rates over the study period are projected to be 4% lower than projected PG&E rates. For a typical household using 510 kWh per month, a 4% rate difference would result in a cost reduction of approximately $5.09 per month in Year 1 of program operations. Projected average rates for the SVCCE customer base are shown in Figure 14 and Table 19, comparing total ratepayer impacts under the PG&E bundled service and CCE service options. 233 Draft Silicon Valley Community Choice Energy Technical Study Section 5: Cost and Benefits Analysis Page 53 Figure 14: Scenario 1 Annual Ratepayer Costs Table 19: Scenario 1 - Annual Total Delivered Rate Comparison Year PG&E Total (₵/kWh) SVCCE Total (₵/kWh) Percent Difference Levelized 22.27 21.49 -4% 1 19.51 18.64 -4% 2 19.94 19.08 -4% 3 20.59 19.48 -5% 4 21.29 20.35 -4% 5 21.90 21.19 -3% 6 22.42 21.80 -3% 7 23.14 22.49 -3% 8 23.78 23.14 -3% 9 24.49 23.84 -3% 10 25.19 24.47 -3% 14.0 16.0 18.0 20.0 22.0 24.0 26.0 1 2 3 4 5 6 7 8 9 10 Ce n t s P e r K W h Year AVERAGE TOTAL COST COMPARISON SVCCE Service PG&E Service 234 Draft Silicon Valley Community Choice Energy Technical Study Page 54 Section 5: Cost and Benefits Analysis GHG Impacts Consistent with the primary Scenario 1 planning objective, SVCCE’s anticipated GHG emissions are equivalent to projected GHG emissions of the PG&E supply portfolio. A combination of renewable and other GHG-free energy purchases is assumed to achieve this environmental outcome. The following figures and tables provide additional detail regarding the respective GHG emissions profile associated with the assumed SVCCE and PG&E supply portfolios. Figure 15: Scenario 1 – Annual GHG Emissions Comparison Table 20: Scenario 1 - Annual GHG Emissions Factor Comparison (Metric Tons CO2/MWh) Year PG&E SVCCE 1 0.158 0.158 2 0.149 0.149 3 0.139 0.139 4 0.131 0.131 5 0.127 0.127 6 0.123 0.123 7 0.120 0.120 8 0.116 0.116 9 0.112 0.112 10 0.109 0.109 - 100,000 200,000 300,000 400,000 500,000 600,000 1 2 3 4 5 6 7 8 9 10 CO 2 E m i s s i o n s ( M e t r i c T o n s ) Year ATTRIBUTED PORTFOLIO EMISSIONS PG&E SVCCE 235 Draft Silicon Valley Community Choice Energy Technical Study Section 5: Cost and Benefits Analysis Page 55 Figure 16: Scenario 1 – Annual Renewable Energy Content Comparison Table 21: Scenario 1 - Annual Renewable Energy Portfolio Content Year PG&E SVCCE 1 27% 36% 2 27% 36% 3 30% 36% 4 33% 38% 5 35% 39% 6 36% 41% 7 38% 43% 8 40% 45% 9 42% 47% 10 43% 49% 0% 10% 20% 30% 40% 50% 60% 1 2 3 4 5 6 7 8 9 10 Re n e w a b l e P o r t f o l i o C o n t e n t Year RENEWABLE ENERGY CONTENT SVCCE RENEWABLE PORTFOLIO PG&E RENEWABLE PORTFOLIO 236 Draft Silicon Valley Community Choice Energy Technical Study Page 56 Section 5: Cost and Benefits Analysis Scenario 2 Study Results Ratepayer Costs The primary objective of Scenario 2 is to increase the use of renewable energy resources while also promoting overall annual GHG emissions reductions of 20% relative to the incumbent utility. For purposes of the Study, this objective is achieved through the inclusion of renewable energy purchases that significantly exceed applicable compliance mandates (doing so without the use of unbundled RECs) as well as additional GHG-free energy purchases, which would be produced by non-RPS-eligible hydroelectric generators located within California and/or the Pacific Northwest. Under Scenario 2, projected CCE customer rates are initially lower than similar rate projections for PG&E and maintain that general relationship throughout the study period – the relationship between SVCCE and PG&E rates demonstrates marginal customer savings ranging from 1% to 4%. Levelized rates over the study period are projected to be 2% lower than projected PG&E rates. However, in consideration of typical market volatility within the electric power sector and eminent PG&E rate volatility, these results should be reasonably interpreted as reflecting only minimal rate savings throughout the study period. For a typical household using 510 kWh per month, a 2% rate difference would result in a cost reduction of approximately $2.46 per month. Projected average rates for the SVCCE customer base are shown in Figure 17 and Table 22, comparing total ratepayer impacts under the PG&E bundled service and CCE service options. Figure 17: Scenario 2 Annual Ratepayer Costs 14.0 16.0 18.0 20.0 22.0 24.0 26.0 1 2 3 4 5 6 7 8 9 10 Ce n t s P e r K W h Year AVERAGE TOTAL COST COMPARISON SVCCE Service PG&E Service 237 Draft Silicon Valley Community Choice Energy Technical Study Section 5: Cost and Benefits Analysis Page 57 Table 22: Scenario 2 - Annual Total Delivered Rate Comparison Year PG&E Total (₵/kWh) SVCCE Total (₵/kWh) Percent Difference Levelized 22.27 21.80 -2% 1 19.51 18.91 -3% 2 19.94 19.36 -3% 3 20.59 19.77 -4% 4 21.29 20.62 -3% 5 21.90 21.47 -2% 6 22.42 22.11 -1% 7 23.14 22.82 -1% 8 23.78 23.49 -1% 9 24.49 24.21 -1% 10 25.19 24.86 -1% GHG Impacts As a result of the significant proportion of GHG-free resources that were incorporated in Scenario 2, the CCE program is able to demonstrate the desired GHG emissions reduction target of 20% when compared to PG&E’s projected emissions profile. The following figures and tables provide additional detail regarding the respective GHG emissions profile associated with the assumed SVCCE and PG&E supply portfolios. Figure 18: Scenario 2 – Annual GHG Emissions Comparison - 100,000 200,000 300,000 400,000 500,000 600,000 1 2 3 4 5 6 7 8 9 10 CO 2 E m i s s i o n s ( M e t r i c T o n s ) Year ATTRIBUTED PORTFOLIO EMISSIONS PG&E SVCCE 238 Draft Silicon Valley Community Choice Energy Technical Study Page 58 Section 5: Cost and Benefits Analysis Table 23: Scenario 2 - Annual GHG Emissions Factor Comparison (Metric Tons CO2/MWh) Year PG&E SVCCE 1 0.158 0.126 2 0.149 0.119 3 0.139 0.111 4 0.131 0.105 5 0.127 0.102 6 0.123 0.099 7 0.120 0.096 8 0.116 0.093 9 0.112 0.090 10 0.109 0.087 Figure 19: Scenario 2 – Annual Renewable Energy Content Comparison 0% 10% 20% 30% 40% 50% 60% 70% 1 2 3 4 5 6 7 8 9 10 Re n e w a b l e P o r t f o l i o C o n t e n t Year RENEWABLE ENERGY CONTENT SVCCE RENEWABLE PORTFOLIO PG&E RENEWABLE PORTFOLIO 239 Draft Silicon Valley Community Choice Energy Technical Study Section 5: Cost and Benefits Analysis Page 59 Table 24: Scenario 2 - Annual Renewable Energy Portfolio Content Year PG&E SVCCE 1 27% 51% 2 27% 51% 3 30% 51% 4 33% 51% 5 35% 53% 6 36% 56% 7 38% 58% 8 40% 61% 9 42% 63% 10 43% 66% Scenario 3 Study Results Ratepayer Costs It is generally appropriate to characterize Scenario 3 as an “optimized” supply scenario under which SVCCE’s projected clean energy purchases are maximized subject to the imposition of a rate constraint, which required that SVCCE’s rates remain equivalent to projected PG&E rates on a levelized basis throughout the Study period. During individual years of the Study period, projected SVCCE and PG&E rates minimally differ within a range demonstrating periods of moderate customer savings (2% savings in Year 3 of projected program operations, for example) as well as negligible cost increases (which do not exceed 0.7% in any year of the Study). Consistent with the imposed rate constraint, projected SVCCE customer rates remain generally equivalent to similar rate projections for PG&E throughout the study period and typical residential customers are expected to incur monthly charges that would be approximately $0.05 below similar PG&E charges on a levelized basis. Projected average rates for the SVCCE customer base are shown in Figure 20 and Table 25, comparing total ratepayer impacts under the PG&E bundled service and CCE service options. 240 Draft Silicon Valley Community Choice Energy Technical Study Page 60 Section 5: Cost and Benefits Analysis Figure 20: Scenario 3 Annual Ratepayer Costs Table 25: Scenario 3 - Annual Total Delivered Rate Comparison Year PG&E Total (₵/kWh) CCE Total (₵/kWh) Percent Difference Levelized 22.27 22.26 0% 1 19.51 19.38 -1% 2 19.94 19.85 0% 3 20.59 20.27 -2% 4 21.29 21.15 -1% 5 21.90 21.97 0% 6 22.42 22.58 1% 7 23.14 23.26 1% 8 23.78 23.91 1% 9 24.49 24.59 0% 10 25.19 25.21 0% GHG Impacts Through the substantial use of renewable and other GHG-free energy resources, Scenario 3 suggests that the CCE program could achieve substantial GHG emissions reductions when compared to PG&E’s projected emissions profile. The following figures and tables provide additional detail regarding the respective GHG emissions profile associated with the assumed SVCCE and PG&E supply portfolios. 14.0 16.0 18.0 20.0 22.0 24.0 26.0 1 2 3 4 5 6 7 8 9 10 Ce n t s P e r K W h Year AVERAGE TOTAL COST COMPARISON SVCCE Service PG&E Service 241 Draft Silicon Valley Community Choice Energy Technical Study Section 5: Cost and Benefits Analysis Page 61 Figure 21: Scenario 3 – Annual GHG Emissions Comparison Table 26: Scenario 3 - Annual GHG Emissions Factor Comparison (Metric Tons CO2/MWh) Year PG&E SVCCE 1 0.158 0.064 2 0.149 0.055 3 0.139 0.045 4 0.131 0.037 5 0.127 0.033 6 0.123 0.029 7 0.120 0.025 8 0.116 0.022 9 0.112 0.018 10 0.109 0.015 - 100,000 200,000 300,000 400,000 500,000 600,000 1 2 3 4 5 6 7 8 9 10 CO 2 E m i s s i o n s ( M e t r i c T o n s ) Year ATTRIBUTED PORTFOLIO EMISSIONS PG&E SVCCE 242 Draft Silicon Valley Community Choice Energy Technical Study Page 62 Section 5: Cost and Benefits Analysis Figure 22: Scenario 3 – Annual Renewable Energy Content Comparison Table 27: Scenario 3 - Annual Renewable Energy Portfolio Content Year PG&E SVCCE 1 27% 76% 2 27% 76% 3 30% 76% 4 33% 76% 5 35% 76% 6 36% 76% 7 38% 76% 8 40% 76% 9 42% 76% 10 43% 76% 0% 10% 20% 30% 40% 50% 60% 70% 80% 1 2 3 4 5 6 7 8 9 10 Re n e w a b l e P o r t f o l i o C o n t e n t Year RENEWABLE ENERGY CONTENT SVCCE RENEWABLE PORTFOLIO PG&E RENEWABLE PORTFOLIO 243 Draft Silicon Valley Community Choice Energy Technical Study Section 6: Sensitivity Analyses Page 63 SECTION 6: SENSITIVITY ANALYSES The economic analysis uses base case input assumptions for many variable factors that influence relative costs of the CCE program. Sensitivity analyses were performed to examine the range of impacts that could result from changes in the most significant variables (relative to base case values). The key variables examined are: 1) power and natural gas prices; 2) renewable energy prices; 3) low carbon energy prices; 4) PG&E rates; 5) PG&E surcharges; and 6) customer participation/opt-out rates. Additionally, a “small JPA” sensitivity case was run reflective of minimal community participation in the SVCCE joint powers agency to test the viability of a much smaller CCE program, and a “perfect storm” sensitivity was run to examine the cumulative impacts of adverse changes to the key variables. Power and Natural Gas Prices Electric power prices in California are substantially influenced by natural gas prices, as natural gas-fired generation is predominantly used as the marginal resource within the state’s system dispatch order. This fact is consistent with how PEA developed the ten-year power price forecast in which a detailed natural gas forecast was assembled and then converted to power prices using factors consistent with industry standards. Changes in natural gas prices will also tend to change the power purchase costs of the CCE program. To the extent that SVCCE’s selected supply portfolio excludes the use of conventional energy supply, the potential impact related to price volatility within the natural gas market will be minimized. Such changes also influence PG&E’s rates, but the relative cost impacts will differ depending upon the proportionate use of conventional resources utilized by the CCE program relative to PG&E. For the CCE program, the non-renewable portion of the supply portfolio will be influenced by changes in natural gas and wholesale power prices. The PG&E resource mix includes resources that are influenced by natural gas prices such as utility-owned natural gas fueled power plants, so-called “tolling” agreements with independent generators, and certain other contracts that are priced based on an avoided cost formula. The PG&E resource mix also includes energy sources that are not affected by natural gas prices, including renewable resources as well as PG&E’s hydro-electric and nuclear assets. Sensitivity to changes in natural gas and power prices were tested by varying the base case assumptions to create high and low cases. The high case reflects a 50% increase in this input relative to the base case and the low case reflects a 25% decrease relative to the base case. Renewable Energy Costs There can be wide variation in renewable energy costs due to locational factors (wind regime, solar insulation, availability of feedstock for biomass and biogas facilities, etc.), transmission costs, technological changes, federal tax policy, and other factors. In fact, the federal investment tax credit, or “ITC”, is expected to decrease significantly for projects commencing operations on or after January 1, 2017 – the ITC is expected to drop from 30% to 10%, based on PEA’s understanding, which could impose generally proportionate increases to renewable energy pricing following such a change. Sensitivity to renewable energy cost assumptions was tested by varying the base case costs for renewable power purchase contracts and for the installed costs for renewable generation projects by 25% for the high case and -25% for the low case. The variances were only applied to SVCCE’s cost structure and not PG&E’s in order to test the impact of potential variation in site-specific renewable projects used by the CCE program. 244 Draft Silicon Valley Community Choice Energy Technical Study Page 64 Section 6: Sensitivity Analyses Carbon-Free Energy Costs Specified purchases from carbon-free resources or low carbon emissions portfolios generally yields a premium relative to system energy purchases. In consideration of the potential for increased CCE demand for low carbon content energy and the generally fixed supply of the large hydro-electric generation resource base available to California consumers, only a high case was evaluated for this factor. The high carbon-free energy cost premium scenario was evaluated at a 300% increase relative to the base case assumption. PG&E Rates The base case forecast for PG&E’s generation rates yields a projected average annual increase of approximately 2.5%. The forecast relies on resource mix data provided by PG&E in its most recent long-term procurement plan, and incorporates many of the same core market cost assumptions (natural gas prices, power prices, GHG allowance prices, etc.) as used in the forecast of CCE program rates. Numerous factors can cause variances in PG&E’s rates, and low and high cases were developed for this variable. One factor that could have a significant increase on PG&E’s rates is the potential closure or rebuilding of DCPP, resulting from regulations prohibiting the use of once-through cooling at the plant. A high case was created that reflects an average annual generation rate increase of 5%. The low case assumes 1.5% annual rate increases for PG&E. Figure 23 illustrates the base, high and low case forecasts of PG&E generation rates and how these projections compare with historical trends. Figure 23: PG&E System Average Generation Rates 6.0 6.9 7.5 7.4 8.0 8.1 6.7 7.1 7.9 8.6 9.7 9.29.2 9.4 9.6 9.9 10.3 10.5 10.7 11.1 11.4 11.7 12.0 9.2 9.7 10.1 10.6 11.2 11.7 12.3 12.9 13.6 14.3 15.0 9.2 9.3 9.5 9.6 9.8 9.9 10.0 10.2 10.4 10.5 5.0 7.0 9.0 11.0 13.0 15.0 17.0 20 0 5 20 0 6 20 0 7 20 0 8 20 0 9 20 1 0 20 1 1 20 1 2 20 1 3 20 1 4 20 1 5 20 1 6 20 1 7 20 1 8 20 1 9 20 2 0 20 2 1 20 2 2 20 2 3 20 2 4 20 2 5 20 2 6 CE N T S P E R K W H Reported Base Proj.High Proj.Low Proj. 245 Draft Silicon Valley Community Choice Energy Technical Study Section 6: Sensitivity Analyses Page 65 PG&E Surcharges The PCIA and Franchise Fee surcharges directly impact SVCCE rate competitiveness, and the PCIA has been volatile. In an August, 2015 filing to the CPUC, PG&E projected PCIA levels for 2016 that are approximately 70% higher than current levels.31 In general terms, the PCIA is set on an annual basis in consideration of a specified methodology that takes into consideration the difference in costs associated with PG&E’s supply portfolio and a market benchmark – to the extent that costs associated with the PG&E supply portfolio exceed the market benchmark, departing customers, including CCE customers, are subject to a PCIA surcharge. The specific methodology that is employed when determining the PCIA is subject to PCIA oversight, and PG&E must perform related PCIA calculations consistent with such methodology. Over time, PCIA charges will change based on the relationship between PG&E’s power portfolio costs and current market pricing. In concept, the PCIA should diminish (and eventually expire) over time, as PCIA charges are directly associated with PG&E power contracts, all of which should have finite term lengths. Once such contracts expire, any related PCIA impacts should fall to zero. However, because PG&E engages in ongoing contracting efforts, PCIA charges may persist for 20 years or more (but should diminish over time). Figure 24 shows the projected Franchise Fee Surcharge and PCIA applicable to residential customers as well as historical data illustrating the volatility of these surcharges. Figure 24: PG&E CCE Surcharges for Residential Customers (Cents Per KWh) The base case PCIA projections begin with the higher 2016 PCIA charges reported by PG&E and remain relatively flat over the forecast period. High and low cases were run at plus or minus 50% off of the base case. Opt-Out Rates Sensitivity of ratepayer costs to customer participation in the CCE program was tested by varying the opt-out rate from 25% in the high case to 5% in the low case. A higher opt-out rate would reduce sales volumes relative to base case assumptions, and increase the share of fixed costs paid by each customer, while a lower opt-out rate would have the opposite effect. 31 PG&E Advice Letter AL-4696-E. 246 Draft Silicon Valley Community Choice Energy Technical Study Page 66 Section 6: Sensitivity Analyses Community Participation (Small JPA) While the base case includes all municipalities as participants in the JPA, a sensitivity was run to examine the impacts of a much smaller program being formed in the region. For purposes of this sensitivity, it was assumed that 25% of the total potential customers are offered service in the CCE and that 15% of these customers elect to opt-out. Adjustments were made to assumed staffing costs to reflect the smaller scale of operations. The long term renewable contract portfolio was adjusted downward on a pro rata basis to reflect the reduced energy requirements. The results of this sensitivity indicate that a viable program could be operated with significantly less than 100% participation of the prospective communities. While not explicitly modeled, a program serving only the four sponsoring partner agencies (representing 68% of the total potential load) would have sufficient scale and be expected to have similar rates as presented in the base case projections. Perfect Storm This sensitivity examines the cumulative effects of adverse changes to all of the key variables to present what could be considered a worst case. The likelihood that all of these variables change in unison is remote; many of the key variables are negatively correlated meaning that increases in one variable would normally be associated with decreases in another. For example, increases in market prices for power should result in decreases in the PG&E surcharges, but for purposes of this sensitivity it was assumed that the PG&E surcharges would also increase. This sensitivity was constructed with the following assumptions: high natural gas/power prices, high renewable energy and low carbon energy costs, high PG&E surcharges, high customer opt-out rates, and low PG&E rates. Sensitivity Results The sensitivity analysis produced a range of levelized electric rates for the CCE program and PG&E as shown in the Figure 25.32 When reviewing this figure, the base case outcomes associated with each scenario are represented by the “arrowheads” that are positioned along each vertical line – to the extent each line extends above (or below) the arrowhead, this represents the potential for customer rates to be higher (or lower) than the base case outcomes. It should be noted that there is considerable overlap in the range of estimated rates, and while base case estimates show higher rates for the CCE program, any of the CCE Scenarios could potentially result in lower ratepayer costs than under the status quo. The sensitivity analysis for the Community Participation (Small JPA) and Perfect Storm conditions are discussed above but not included in Figure 25 as they are very unlikely to occur and would distort the results presented in the figure. Rate outcomes for all conditions analyzed are included in Table 28 and Figures 26 and 27. 32 The ranges shown in Figure 25 do not include the Small JPA and Perfect Storm sensitivities. 247 Draft Silicon Valley Community Choice Energy Technical Study Section 6: Sensitivity Analyses Page 67 Figure 25: Sensitivity Analysis Range of Levelized Electric Rates The sensitivity to each tested variable is shown in the following table. Natural Gas/Power prices and PG&E Surcharges had the greatest impact on SVCCE rates in Scenarios 1 and 2, while renewable energy costs were an increasingly important driver of SVCCE rates in Scenarios 3. Table 28 provides additional detail regarding potential impacts to SVCCE and PG&E rates that could result under each sensitivity variable. Table 28: Sensitivity Analysis - Levelized Ratepayer Costs (Cents Per KWh) Rate Scenario Base Case High Gas/ Power Low Gas/ Power High R.E. Costs Low R.E. Costs High PG&E Rates Low PG&E Rates High PCIA Low PCIA High Opt Out Low Opt Out High Carbon Free Cost Small JPA Perfect Storm CCE Scenario 1 21.5 22.4 21.0 22.1 20.8 21.5 21.5 22.4 20.5 21.5 21.4 21.7 22.3 23.9 CCE Scenario 2 21.8 22.7 21.4 22.5 21.1 21.8 21.8 22.8 20.8 21.8 21.7 22.0 22.4 24.2 CCE Scenario 3 22.3 23.2 21.8 23.1 21.4 22.3 22.3 23.2 21.3 22.3 22.2 22.4 22.8 24.8 PG&E Bundled 22.3 22.9 21.9 22.3 22.3 23.8 21.6 22.3 22.3 22.3 22.3 22.3 22.3 21.6 The sensitivity results for each SVCCE supply scenario are depicted graphically in the following figures. 18.0 19.0 20.0 21.0 22.0 23.0 24.0 25.0 CCA Scenario 1 CCA Scenario 2 CCA Scenario 3 PG&E Bundled Ce n t s P e r K W h 248 Draft Silicon Valley Community Choice Energy Technical Study Page 68 Section 6: Sensitivity Analyses Figure 26: Scenario 1 Sensitivity Impacts on Levelized Electric Rates Figure 27: Scenario 2 Sensitivity Impacts on Levelized Electric Rates 249 Draft Silicon Valley Community Choice Energy Technical Study Section 6: Sensitivity Analyses Page 69 Figure 28: Scenario 3 Sensitivity Impacts on Levelized Electric Rates 250 Draft Silicon Valley Community Choice Energy Technical Study Page 70 Section 7: Risk Analysis SECTION 7: RISK ANALYSIS CCE formation is not without risk, and a key element of this Study is highlighting risks that may be faced by the CCE program as well as related risk-mitigation measures. Several of the quantitative impacts associated with key risks have been addressed in Section 6, Sensitivity Analyses. However, there are additional risk elements of which any aspiring CCE program should be aware as well as associated mitigation measures for such risks. In particular, these additional risks include, but are not limited to, the following: • Financial risks to SVCCE’s member municipalities in the unlikely event of CCE failure; • Financial risks that may exist in the event that procured energy volumes fall short of or exceed actual customer energy use; • Reasonably foreseen legislative and regulatory changes, which may limit a CCE’s ability to remain competitive with the incumbent utility; • Availability of renewable and carbon-free energy supplies required to meet compliance mandates, SVCCE program goals, and customer commitments; and • General market volatility and price risk. Financial Risks to SVCCE Members In general terms, the prospective financial risks to SVCCE members will be limited to the extent that the JPA agreement creates separation, also referred to as a “firewall”, between the financial assets and obligations of the JPA and those of its individual members. This approach has been effectively employed by both MCE and SCP at the time that each JPA was created, insulating the respective members of each organization from the financial liabilities independently incurred by the JPA (e.g., power purchase agreements, debt, letters of credit and other operating expenditures). For example, if the JPA was to default on a contract obligation, any termination payments would be owed by the JPA and not the individual members, as individual JPA members would not be responsible for the financial commitments of the JPA. From a practical perspective, each member of the JPA would have a relatively small financial exposure, which would be limited to any early-stage contributions and/or expenditures related to the CCE initiative before joining the JPA. After joining the JPA, each participating municipality would be financially insulated via the JPA agreement, and it is anticipated that the JPA would be financially independent during ongoing CCE operations, meaning that the JPA would be responsible for independently demonstrating creditworthiness when entering into power purchase agreements and financial covenants. Based on PEA’s understanding, qualified legal counsel was engaged during the formation of each operating, multi-jurisdiction CCE to ensure that the associated JPA agreement created the desired financial protections for its members. Other than relatively small upfront costs/contributions that may be incurred by the JPA members during CCE evaluation and JPA formation and any guarantees that may be offered to support startup, financial obligations of the participating communities would be limited to individual customer impacts in the event of outright CCE failure. In such a scenario, the $100,000 CCE bond is intended to cover the costs of returning customers to PG&E service. However, following an involuntary return to bundled service, CCE customers would be individually required to pay the PG&E Transitional Bundled Commodity Cost (TBCC), which imposes a market-based rate on customers who fail to provide PG&E with six-month advance notice prior to reestablishing PG&E electric service.33 In recent years, the TBCC rate has likely benefited participating customers due to historically low market prices (and the favorable relationship of such prices to PG&E’s generation rates). However, inherent price volatility within the electric power sector could result in relatively high customer costs in the short-term, following an involuntary return to bundled service at a time when market 33 http://www.pge.com/tariffs/tm2/pdf/ELEC_SCHEDS_TBCC.pdf 251 Draft Silicon Valley Community Choice Energy Technical Study Section 7: Risk Analysis Page 71 prices are higher than PG&E’s prevailing generation rates. Depending on future market conditions during a time of involuntary customer return to PG&E service, cost impacts during the six-month transition period could be +/-25% (or more, depending on actual market prices) relative to otherwise applicable PG&E rate schedules. In practical terms, the likelihood of this risk materially impacting a SVCCE customer appears to be quite low. In addition to the aforementioned financial risks to the JPA and its respective members, it is also noteworthy that a subset of the CCE Study Partners, including the cities of Sunnyvale, Cupertino and Mountain View as well as Santa Clara County, have entered into a project funding agreement to facilitate CCE program evaluation, formation and implementation – these communities have made certain financial expenditures to provide for the evaluation of prospective CCE formation. PEA also understands that this subset of the CCE Study Partners, as well as other project participants, may choose to make additional contributions for purposes of completing SVCCE’s formative and start-up activities. At the time of JPA formation, PEA understands that certain CCE Study Partners may request repayment of the noted initial expenditures following successful launch of the SVCCE program and a yet-to-be-defined period of successful operations. Clearly, the repayment of such funding is dependent upon the successful launch and operation of the SVCCE program. For example, if SVCCE fails to launch or discontinues business operations prior to repaying initial funding contributed by certain of the CCE Study Partners, then such Partners run the risk of financial losses equivalent to any amounts expended in advance of such circumstances. With regard to the risk of the CCE Study Partners losing its initial investment in CCE evaluation and formation, failure to launch the SVCCE program represents the primary risk in this regard. Once SVCCE has launched and is serving customers, it is reasonable to assume that the financial contributions that were previously made by certain CCE Study Partners would be paid back within the first five years of SVCCE operation. Based on recent discussions and general enthusiasm related to the SVCCE initiative, it seems reasonable to assume that the SVCCE program will launch as planned, unless market conditions significantly change such that initial SVCCE rates are projected to exceed similar rates charged by PG&E. Under Scenario 2, for example, sensitivity analyses suggest that power costs could increase by 14% or PG&E rates could decrease by 11% (or a related combination of such impacts) before projected SVCCE rates would exceed PG&E’s projected rates. From a practical perspective, this observation suggests that current operating projections provide considerable safety margins for SVCCE, allowing for a range of market conditions and/or rate changes before rate competitiveness would be compromised. It is noteworthy that PG&E’s 2016 rates will remain unknown until January, and power costs won’t be known until SVCCE issues a related solicitation for such products, which is expected to occur in early 2016. In the event that actual PG&E rate changes and/or proposed power prices fall outside of the aforementioned safety margins, SVCCE would likely defer program launch and cease incurring startup expenses until projected operations improve, potentially jeopardizing or delaying the reimbursement of funding initially provided by certain of the CCE Study Partners. Deviations between Actual Energy Use and Contracted Purchases Deviations between actual customer energy use and contracted energy purchases are inevitable. For example, weather variation may impose meaningful day-to-day variances in expected customer energy use, which results in the potential for ongoing imbalances between procured energy volumes and actual electric energy consumption by SVCCE’s customer base. To the extent that such imbalances exist, the CCE may be required to make market purchases during unexpected price spikes and/or sell off excess energy volumes at times when prices are relatively low (when compared to the price paid for such energy), which could impose adverse financial impacts on the CCE program. Again, this is an inevitable risk that is assumed by all energy market participants, but prudent planning and procurement practices can be utilized by the CCE to manage 252 Draft Silicon Valley Community Choice Energy Technical Study Page 72 Section 7: Risk Analysis such risk to acceptable levels. In particular, “laddered” procurement strategies can be highly effective in mitigating such risks – this procurement strategy is designed to promote increased cost/rate certainty during the upcoming 12-month operating period by securing 90-100% of the CCE’s projected energy requirements during this period of time. Beyond the 12-month operating horizon, an increasing proportion of the CCE’s anticipated energy requirements are left “open” (i.e., are not addressed via contractual commitments) to avoid financial commitments based on reduced planning certainty. For example, the CCE program may decide that it is acceptable to take on market price risk associated with 5% of its expected energy requirements over the upcoming 12-month operating period – this strategy would create cost certainty for a significant portion of the CCE’s expected energy requirements, allowing the CCE to set rates in consideration of such costs with minimal financial/budgetary risk. For months 13-24, the CCE would reduce forward supply commitments to a level approximating 80-90% of expectations; for months 25-36, the CCE would further reduce forward supply commitments to a level approximating 70-80% of expectations. Forward procurement commitments would continue to “fall down the ladder” in subsequent months, but such open positions are ultimately filled with time. It is also noteworthy that such percentages could always be adjusted in consideration of prevailing market prices and the CCE’s overall risk tolerance. This procurement strategy avoids the prospect of over-procurement and minimizes the prospect of surplus energy sales while also allowing the CCE program to take advantage of favorable procurement opportunities that may come about with time. During early-stage CCE operations, this strategy is particularly useful since the CCE is unlikely to know exact customer participation levels. Over time, as the CCE’s customer base becomes more stable/predictable, it will become less challenging to predict customer usage patterns. Furthermore, a laddered procurement strategy allows the CCE’s portfolio composition to evolve over time as opposed to committing to a specific resource mix that would only be minimally adjustable (subject to potential adverse economic consequences) until related power supply agreements had expired. Legislative and Regulatory Risk California’s operating CCEs can attest to the challenges presented by anti-CCE legislation – a range of tactics have been employed over time, pre-dating MCE’s launch in May, 2010 and resurfacing thereafter in various forms. Ongoing issues continue to arise with regard to proposed legislation designed to assign/shift costs for purposes of competitively disadvantaging CCE programs and/or limit the autonomy of CCE programs, so that such programs appear more similar to their investor-owned counterparts. Recently, SB 350 and AB 1110 presented such issues. However, California’s operating CCEs were able to address many of the potentially detrimental changes included within these bills through effective lobbying and technical support. California’s IOUs regularly rely on professional lobbyists to promote their respective interests within the California legislature, and CCEs have successfully employed similar tactics to represent their own interests, which often differ from those of their investor-owned counterparts. Use of lobbyists within proximity to the State Capitol also mitigates logistical challenges that may be encountered when addressing time-sensitive issues that require on-site meeting participation and collaboration. CCEs have also enjoyed similar success in California’s regulatory arena by utilizing the expertise of specialized regulatory support, including qualified regulatory counsel and analysts, who have deep and long- standing familiarity with a broad range of regulatory proceedings, assigned commissioners, judges and support staff within jurisdictional agencies. Because certain proceedings have the potential to directly affect the formation and ongoing operation of CCE programs, it is critically important to retain such expertise for purposes of representing the CCEs interests, particularly if the CCE has not yet hired internal regulatory counsel and/or staff. Over time, the CCE program may choose to scale its internal regulatory staffing in consideration of the level of work required to achieve successful regulatory representation and desired outcomes. 253 Draft Silicon Valley Community Choice Energy Technical Study Section 7: Risk Analysis Page 73 Regarding recent legislation, on October 7, 2015, Governor Brown signed Senate Bill 350, the Clean Energy and Pollution Reduction Act of 2015, enacting pertinent clean energy mandates reflected in this legislation. In particular, SB 350 increases California’s RPS to 50% by 2030 amongst other clean-energy initiatives. Many details regarding implementation of SB 350 will be developed over time with oversight by applicable regulatory agencies. With regard to other relevant changes that have been created by SB 350, CCEs should be aware of the following:  Costs associated with the integration of new renewable infrastructure may be off-set by a CCE if it can demonstrate to the CPUC that it has already provided equivalent resources [Sections 454.51(d) and 454.52(c)];  CCEs will be required to submit Integrated Resource Plans to the CPUC for certification while retaining the governing authority and procurement autonomy administered by their respective governing boards [Section 454.52(b)(3)];  The CPUC is now responsible for ensuring that: (1) IOU bundled customers do not incur any cost increases as a result of customers participating in CCE service options, and (2) CCE customers do not experience any cost increases as a result of IOU cost allocation that is not directly related to such CCE customers (Sections 365.2 and 366.3);  Beginning in 2021, CCEs must have at least 65% of their RPS procurement under long-term contracts of 10 years or more [Section 399.13(b)]; and  CCE energy efficiency programs will be able to count towards statewide energy efficiency targets [Sections 25310(d)(6) and 25310(d)(8)]. In aggregate, the CCE-specific changes reflected in SB 350 are generally positive, providing for ongoing autonomy with regard to resource planning and procurement. CCEs must be aware, however, of the long- term contracting requirement associated with renewable energy procurement. This is not expected to present issues for SVCCE, but planning and procurement efforts will need to consider this requirement during ongoing operation of the CCE program. AB 1110, which is now a two-year bill, was primarily focused on the addition of GHG emission disclosures within the Power Content Label. During discussion in the recent legislative session, CCE interests were generally concerned that the emissions methodology reflected in the bill was designed in a manner that was not necessarily consistent with retail-level emissions reporting conventions used throughout the electric utility industry and also appeared to diminish the environmental value of certain clean energy products. On September 8, 2015, AB 1110 was ordered to the inactive file at the request of Senator Wolk.34 With this direction in mind, AB 1110 is no longer an issue in the current legislative session. However, PEA recommends that the CCE Study Partners should continue to monitor the legislature’s interest in promoting certain reporting changes reflected in AB 1110, as such changes could narrow the potential field of cost-effective supply options that could be pursued by SVCCE at some point in the future. The AB 1110 GHG emissions reporting methodology may also present methodological conflicts with other programs, such as The Climate Registry, which may be of interest to SVCCE at some point in the future. Another piece of pending legislation that could pose direct and indirect impacts on CCE programs is SB 286 (Hertzberg). SB 286 was originally introduced during the 2015 legislative session (has now been converted into a two-year bill) with the goal of increasing the direct access participatory cap by approximately 33%. In its current form, SB 286 suggests that new direct access customers would be required to contract for 100% 34 AB 1110 bill history: http://leginfo.legislature.ca.gov/faces/billHistoryClient.xhtml?bill_id=201520160AB1110. 254 Draft Silicon Valley Community Choice Energy Technical Study Page 74 Section 7: Risk Analysis renewable energy. If passed during the 2016 legislative session, SB 286 could either spark additional renewable development, which could keep prices stable, or push renewable prices upward due to the increased demand. Additionally, raising the direct access cap could put more pressure on CCE programs to offer even more price competitive products to retain large commercial and industrial customers. Regulatory risks include the potential for utility generation costs to be shifted to non-bypassable and delivery charges. Examples include: 1) the Cost Allocation Mechanism (“CAM”), under which the costs of certain generation commitments made by the investor owned utilities deemed necessary for grid reliability or to support other state policy, are allocated to non-bundled (CCE and direct access) customers; and 2) the PCIA as previously discussed. CAM is a mechanism that allows investor owned utilities to impose a portion of the costs associated with their power purchases onto CCE customers, even though these purchases are for fossil fuel resources with prices that are often above current market levels. In theory, the goal of CAM is to promote grid reliability and should only be applied to resources that contribute in that regard; in practical terms, the investor owned utilities have obtained CPUC-approved CAM treatment for many types of generating resources. Bundled, CCE, and direct access customers pay for CAM in the form of the New System Generation Charge (“NSGC”). The NSGC imposes costs on CCE customers that often seem to be duplicative in light of long-term capacity commitments that have already been made by CCEs in the form of various power purchase agreements (which can include capacity attributes as an element of the purchased product). In other words, the present CAM methodology does not appear to adequately reflect the contribution being made by CCEs in terms of promoting capacity buildout within California’s energy market and generally undermines CCE procurement autonomy through the imposition of costs that are not associated with contracts voluntarily entered into by the CCE. One of the only tangible benefits realized by CCE’s under the current CAM rules is an offsetting capacity allocation, which slightly reduces monthly resource adequacy requirements of the CCE entity. As previously noted, the passage of SB 350 requires that CCEs have at least 65% of applicable RPS procurement under long-term contracts, and existing CCEs have already demonstrated a track record of long term contracting notwithstanding the pending requirements of SB 350. Such contracts typically confer capacity benefits associated with the contracted resources, which could result in diminished value of CAM capacity allocations, as many CCEs would have already procured a significant portion of applicable capacity requirements through requisite renewable energy contracting efforts – stated somewhat differently, the CAM charges imposed on CCE customers would result in little capacity value for CCE customers due to the fact that many CCEs would have already arranged for such capacity under requisite long-term contract arrangements. Another significant regulatory risk relates to changes that may occur with regard to the CCE Bond amount. Currently, the $100,000 bond amount is quite manageable for aspiring CCE initiatives, but this could change dramatically in the event that a larger bond amount, based on market conditions at the time of an involuntary return of customers to bundled service, is established at some point in the future. PEA recommends that the CCE Study Partners actively monitor and participate in, as necessary, related regulatory proceedings to ensure that this item does not become a barrier for CCE formation or ongoing operation. As previously noted, retention of an experienced lobbyist and qualified regulatory expertise will serve to manage and mitigate the aforementioned risks. Availability of Requisite Renewable and Carbon-Free Energy Supplies California’s recent adoption of a 50% RPS has prompted various questions regarding the sufficiency of renewable generating capacity that may be available to support compliance with such mandates. In particular, both new and existing CCEs, which will be subject to prevailing RPS procurement mandates, represent a growing pool of renewable energy buyers that will be “competing” for requisite in-state resources. While this is certainly a legitimate concern, particularly when considering that the potential for CCE 255 Draft Silicon Valley Community Choice Energy Technical Study Section 7: Risk Analysis Page 75 expansion throughout California seems quite significant, it is highly unlikely that any CCE buyer would be unable to meet applicable procurement mandates during the ten-year planning horizon. To date, renewable energy contracting opportunities within California have been abundant, providing interested buyers with cost- competitive procurement opportunities well in excess of compliance mandates and voluntary renewable energy procurement targets that have been established by certain CCEs. Furthermore, to the extent that additional CCE programs continue to form, California’s largest buyers of renewable energy, represented by the three investor-owned utilities, will have diminished renewable energy procurement obligations as a result of decreasing retail sales. Certainly, the potential exists for increased supply costs as additional CCE buyers compete for available renewable projects, but the general availability of such projects does not seem to be a significant issue that will face SVCCE over the ten-year planning horizon. It is also reasonable to assume that California-based project developers will be competing for buyers in the sense that prospective renewable development opportunities (i.e., potential renewable generating capacity) may actually exceed statewide demand. This circumstance has occurred in the past, particularly when California’s largest renewable energy buyers, the IOUs, have met applicable renewable energy procurement targets – in these instances, project developers are forced to “compete” for other buyers, including CCEs, which have benefited from very favorable pricing for both short- and long-term transactions. Additionally, as the operational and future CCE’s strive to meet high carbon-free energy targets, there is some uncertainty around the availability of hydroelectric generation resources within California and throughout the Pacific Northwest to meet such goals. Outside of renewable energy resources, hydroelectric generation is the lowest cost means of meeting carbon-free objectives (keeping in mind that nuclear generation will be excluded from SVCCE’s supply portfolio) but also comes with certain variability in supply. Given the variability of such resources (i.e., wet versus dry year) and unpredictability of the day-to-day energy deliveries, there is risk in achieving carbon content goals. There is also a cost risk associated with the transmission of out-of-state hydroelectric generation into California during certain times of the year when California energy buyers are seeking to import peak hydro season production – this congestion risk could add significant costs to contracted hydroelectric power. To the extent that necessary hydroelectric power supply is not available, the CCE program may choose to incorporate additional renewable energy supply, likely at an increased cost, to ensure that emission reduction commitments can be satisfied. Market Volatility and Price Risk Wholesale energy markets are subject to sudden and significant volatility, resulting from myriad factors, including but not limited to the following: weather, natural disasters, infrastructure outages, legislation and implementing regulations, and natural gas storage levels. Over the past 24 months (or longer), wholesale energy prices have fallen to near-historic lows, providing a favorable environment for buyers of electric energy. An abundance of domestic natural gas supply, particularly shale gas, and strong storage levels have also suppressed electric energy pricing, which will likely promote the continued trend of relatively low prices for the foreseeable future. However, unexpected circumstances can impose abrupt changes to available pricing, which necessitates a thoughtful, disciplined approach to managing such risk. The following figure, provided by the CAISO, illustrates historic volatility in the wholesale electricity market, including a nearly 40% reduction in such prices over the past 24 months.35 35 California ISO Q2 2015 Report on Market Issues and Performance, August 17, 2015. 256 Draft Silicon Valley Community Choice Energy Technical Study Page 76 Section 7: Risk Analysis Figure 29: Historical Wholesale Electricity Price Curve As previously described, a laddered procurement strategy will serve to mitigate wholesale pricing impacts at any single point in time. Much like dollar cost averaging in the financial sector, laddered procurement strategies serve to mask the impacts of periodic price spikes and troughs by blending the financial impacts associated with such changes through a temporally diversified supply portfolio. For example, Table 29 reflects typical guidelines associated with a laddered procurement strategy – such strategies generally attempt to balance the interests of near-term planning and budgetary certainty while moderating market price risks at any single point in time. Based on the declining percentages reflected in Table 29, this balance could be reasonably achieved while allowing for the inclusion of other, future contracting opportunities as well as planned efficiency and demand-side impacts. Such strategies have been successfully implemented by other CCE programs and are generally recognized as a prudent planning/procurement strategy. Note that the percentages reflected in Table 29 may vary in consideration of the buyer’s unique preferences and tolerance for risk. Table 29: Indicative Contracting Guidelines under a Laddered Procurement Strategy Time Horizon Contracting Guideline (Contractual Commitments/Total Energy Need) Current Year 80% to 100% Year 2 70% to 100% Year 3 60% to 95% Year 4 and Beyond Up to 70% This procurement strategy should also create a certain level of symmetry with market impacts that would also affect incremental procurement completed by the incumbent utility. Ultimately, there is no mitigation tactic that could completely insulate the CCE from market price risk, but a diversified supply portfolio, in terms of transaction timing, fuel sources and contract term lengths, will minimize such risks over time. 257 Draft Silicon Valley Community Choice Energy Technical Study Section 8: CCE Formation Activities Page 77 SECTION 8: CCE FORMATION ACTIVITIES This section provides a high level summary of the main steps involved in forming a CCE program that culminates in the provision of service to enrolled customers. Key implementation activities include those related to 1) CCE entity formation; 2) regulatory requirements; 3) procurement; 4) financing; 5) organization; and 6) customer noticing. Completion of these activities is reflected in the Study’s startup cost estimates. CCE Entity Formation Unless the municipal organization that will legally register as the CCE entity already exists, it must be legally established. Municipalities electing to offer or allow others to offer CCE service within their jurisdiction must do so by ordinance. As anticipated for SVCCE, a joint power authority (“JPA”), the members of which will include certain or all municipal jurisdictions currently represented amongst the CCE Study Partners, will be formed via a related agreement amongst the participating municipalities. Specific examples of applicable JPA agreements are available for currently operating CCE programs, including MCE and SCP, which were formed under this joint structure. Based on PEA’s understanding, specific details related to SVCCE’s JPA agreement are being developed. Regulatory Requirements Before aggregating customers, the CCE program must meet certain requirements set forth by the CPUC. In the case of SVCCE, an Implementation Plan must be adopted by the joint powers authority, and that Implementation Plan must be submitted to the CPUC. The Implementation Plan must include the following:  An organizational structure of the program, its operations, and its funding;  Ratesetting and other costs to participants;  Provisions for disclosure and due process in setting rates and allocating costs among participants;  The methods for entering and terminating agreements with other entities;  The rights and responsibilities of program participants, including, but not limited to, consumer protection procedures, credit issues, and shutoff procedures;  Termination of the program; and  A description of the third parties that will be supplying electricity under the program, including, but not limited to, information about financial, technical, and operational capabilities. A Statement of Intent must be included with the Implementation Plan that provides for:  Universal access  Reliability  Equitable treatment of all classes of customers  Any requirements established by law or the CPUC concerning aggregated service. The CPUC has ninety days to complete a review and certify the Implementation Plan though previous Implementation Plan reviews completed on behalf of other California CCE programs have required far less time. Following certification of the Implementation Plan, the CCE entity must submit a registration packet to the CPUC, which includes:  An executed service agreement with PG&E, which may require a security deposit; and 258 Draft Silicon Valley Community Choice Energy Technical Study Page 78 Section 8: CCE Formation Activities  A bond or evidence of sufficient insurance to cover any reentry fees that may be imposed against it by the CPUC for involuntarily returning customers to PG&E service. As previously noted, the current CCE bond amount is $100,000. The CCE program would be required to participate in the CPUC’s resource adequacy program before commencing service to customers by providing load forecasts and advance demonstration of resource adequacy compliance. More specifically, a start-up CCE program would be required to file a formal load forecast with the CEC upon execution of a primary supply contract, which triggers a 100% commitment to program launch. Procurement Power supplies must be secured several months in advance of commencing service. Power purchase agreements with one or more power suppliers would be negotiated, typically following a competitive selection process. Services that are required include provision of energy, capacity, renewable energy and scheduling coordination. Once a firm commitment to offering CCE service is made, typically through execution of power supply contracts, the CCE should provide its inaugural load forecast to the California Energy Commission to initiate determination of the applicable resource adequacy requirements (i.e., capacity) for the first year of operation. Financing Funding must be obtained to cover start-up activities and working capital needs. Start-up funding would be secured early in the implementation process as these funds would be needed to conduct the critical activities leading up to service commencement. Working capital lender commitments should be secured well in advance, but actual funding need not occur until near the time that service begins. Organization Initial staff positions would be filled several months in advance of service commencement to conduct the implementation process. Initially, internal staff of the CCE program may be relatively small but this would likely change in the event that the CCE determines to insource various administrative and operational responsibilities and/or develops and administers new programs for its customers. Contracts with other service providers, such as for data management services, would be negotiated and put into effect well in advance of service commencement. Customer Notices Customers must be provided notices regarding their pending enrollment in the CCE program. Such notices must contain program terms and conditions as well as opt-out instructions and must be sent to prospective customers at least twice within the sixty-day period immediately preceding automatic enrollment. These notices are referred to as “pre-enrollment” notices. Two additional “post-enrollment” notices must be provided within the sixty-day period following customer enrollment during the statutory opt-out period. Ratesetting and Preliminary Program Development As a California CCE, SVCCE would have independent ratesetting authority with regard to the electric generation charges imposed on its customers. Prior to service commencement, SVCCE would need to establish initial customer generation rates for each of the customer groups represented in its first operating phase or for all prospective customers within the CCE’s prospective service territory. SVCCE may decide to create a schedule of customer generation rates that generally resembles the current rate options offered by PG&E. 259 Draft Silicon Valley Community Choice Energy Technical Study Section 8: CCE Formation Activities Page 79 This practice would facilitate customer rate comparisons and should avoid confusion that may occur if customers were to be transitioned to dissimilar tariff options. SVCCE would need to establish a schedule for ongoing rate updates/changes for future customer phases and ongoing operations. SVCCE may also choose to offer certain customer-focused programs, such as Net Energy Metering (“NEM”), voluntary green pricing and/or FIT programs, at the time of service commencement. To the extent that SVCCE intends to offer such programs, specific terms and conditions of service would need to be developed in advance of service commencement. 260 Draft Silicon Valley Community Choice Energy Technical Study Page 80 Section 9: Evaluation and Recommendations SECTION 9: EVALUATION AND RECOMMENDATIONS This section provides an overall assessment of the feasibility for forming a CCE program serving communities of the CCE Study Partners and provides PEA’s recommendations in the event a decision is made to proceed with development of the SVCCE program. PEA’s analysis suggests that SVCCE could provide significant benefits – both economic and environmental – which could be accomplished under certain prospective operating scenarios with customer rates that are competitive, if not lower than, current rate projections for PG&E. Under a reasonable range of sensitivity assumptions, the analysis shows that customer rates are projected to range from approximately 21 to 23 cents per kWh, on a ten-year levelized cost basis, while PG&E rates are projected to range from 22 to 24 cents per kWh on a levelized basis over this same period of time. Under base case assumptions, CCE program rates are projected to range from 21.5 cents per kWh to 22.3 cents per kWh, depending upon the ultimate CCE program resource mix. PG&E’s generation rate is projected to be 22.3 cents per kWh, creating the potential for customer savings under two of the three supply scenarios. Table 30 shows projected levelized electric rates and typical residential monthly electric bills under the base case assumptions. Table 30: Summary of Ratepayer Impacts Ratepayer Impact Scenario 1 Scenario 2 Scenario 3 PG&E Levelized Electric Rate (Cents/KWh) 21.5 21.8 22.3 22.3 Typical Residential Bill ($/Month)36 $112 $114 $116 $116 It should be noted that there is considerable overlap in the range of estimated rates under the various sensitivity scenarios described in this Study, and while base case estimates generally show highly competitive rates for the CCE program, it is anticipated that Scenarios 1 and 2 are most likely to generate customer rate savings while Scenario 3 is most likely to result in general cost equivalency over time. With regard to GHG emissions impacts, the ultimate resource mix identified by the CCE program will dictate actual GHG emissions impacts created by SVCCE operation. Depending upon resource choices made by the CCE program, potential GHG emissions may vary widely relative to PG&E. For example, under Scenario 1, SVCCE should assume zero electric power sector GHG emissions impacts within communities of the CCE Study Partners. Scenarios 2 and 3 are both expected to create significant GHG emissions reductions through the procurement of significant quantities of renewable and additional carbon-free energy. Table 31 summarizes projected GHG emissions impacts for each of the modeled supply scenarios. 36 Average monthly residential electricity consumption within communities of the CCE Study Partners is approximately 510 kWh. 261 Draft Silicon Valley Community Choice Energy Technical Study Section 9: Evaluation and Recommendations Page 81 Table 31: GHG Emissions Impacts (Ten Year Average) GHG Impact Scenario 1 Scenario 2 Scenario 3 Annual Change in GHG Emissions (Tons CO2/Year) Zero -82,659 -310,504 Change in Electric Sector CO2 Emissions within Communities of the CCE Study Partners (%) Zero -20% -73% Projected SVCCE Portfolio Emissions Factor (metric tons/MWh) 0.128 0.103 0.034 Projected PG&E Portfolio Emissions Factor (metric tons/MWh) 0.128 0.128 0.128 Figure 30 illustrate projected GHG emissions from CCE program customer under the status quo as well as each of the prospective SVCCE supply scenarios. When reviewing Figure 30, note that the sharp increase in emissions between year one and year three is directly related to SVCCE’s phased customer enrollment schedule – during this three-year period, total emissions are expected to increase as customers are added to the SVCCE program. Following full enrollment in year three, SVCCE portfolio emissions gradually decline over time as increased quantities of carbon-free energy sources are increasingly reflected in the overall SVCCE resource mix. Note that the projected GHG emissions trend associated with Scenario 1 coincides with the PG&E reference line, as there are zero assumed GHG emissions reductions under this planning scenario. Figure 30: Projected GHG Emissions The potential for local generation investment arising from the CCE program appears to offer significant benefits to the local economy. Again, resource decisions will impact the degree to which generation investments yield local benefits as indicated through the analysis of local economic impact associated with the representative supply scenarios. Compared to some other areas in the state, communities of the CCE Study Partners are not the best resource areas for solar and wind production, and local projects of this type will tend to have higher costs than projects sited in prime resource areas. Tradeoffs also exist between minimizing ratepayer costs in the short run and expanding use of renewable energy due to the cost premiums that currently exist for renewable energy. Decisions made during the implementation process and during the life - 100,000 200,000 300,000 400,000 500,000 600,000 1 2 3 4 5 6 7 8 9 10 CO 2 E m i s s i o n s ( M e t r i c T o n s ) Year PG&E/SVCCE Scenario 1 SVCCE Scenario 2 SVCCE Scenario 3 262 Draft Silicon Valley Community Choice Energy Technical Study Page 82 Section 9: Evaluation and Recommendations of the CCE program will determine how these considerations are balanced. PEA recommends that considerable thought be given upfront to the ultimate goals of the CCE program so that clear objectives are established, giving those responsible for administering the CCE program the opportunity to develop and execute resource management and procurement plans that meet objectives of the CCE Study Partners. In summary, it is PEA’s opinion that, based on currently observed wholesale market conditions, anticipated PG&E electric rates and certain of the supply scenarios evaluated in this Study, amongst various other considerations, a CCE program serving customers within communities of the CCE Study Partners could offer both economic (i.e., positive economic development impacts and overall cost savings for customers of the CCE program) and environmental benefits during initial program operations and, potentially, throughout the ten- year study period. As previously noted, due to the dynamic nature of California’s energy markets, particularly market prices which are subject to frequent changes, the SVCCE Partnership should confirm that the assumptions reflected in this Study generally align with future market conditions (observed at the time of any decision by the SVCCE Partnership to move forward) to promote the achievement of early-stage SVCCE operations that generally align with the operating projections reflected in this Study – to the extent that future market price benchmarks materially differ from any of the assumptions noted in this Study, PEA recommends updating pertinent operating projections to ensure well-informed decision making and prudent action related to SVCCE program formation. 263 Draft Silicon Valley Community Choice Energy Technical Study Appendix A: SVCCE Pro Forma Analyses Page 83 APPENDIX A: SVCCE PRO FORMA ANALYSES 264 ORDINANCE NO. 15-2138 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING THE IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION (CCA) PROGRAM The City Council of the City of Cupertino does ordain as follows: SECTION 1. FINDINGS. The City Council finds as follows: 1. The Cities of Cupertino, Mountain View and Sunnyvale and the County of Santa Clara formed and sponsored the Silicon Valley Community Choice Energy Partnership (SVCCEP) to investigate options to provide electric service to customers within the City of Cupertino and surrounding municipalities with the intent of achieving greater local control and involvement over the provision of electric services, competitive electric rates, the development of local renewable energy projects, reduced greenhouse gas emissions, and the implementation of energy conservation and efficiency projects and programs. 2. The City of Cupertino, through its participation in SVCCEP, has prepared a Technical Feasibility Study for a Community Choice Aggregation (“CCA”) program under the provisions of Public Utilities Code Section 366.2. The Technical Feasibility Study shows that implementing a community choice aggregation program would likely provide multiple benefits, including the following: a. Providing customers a choice of power providers; b. Increasing local control over energy rates and other energy-related matters; c. Providing electric rates that are competitive with those provided by the incumbent utility; d. Reducing greenhouse gas emissions arising from electricity use in the City; e. Increasing local and regional renewable generation capacity; f. Increasing energy conservation and efficiency projects and programs; g. Increasing regional energy self-sufficiency; and h. Improving the local economy by implementing new local renewable and energy conservation and efficiency projects. 3. The Joint Powers Agreement creating the Silicon Valley Clean Energy Authority (“Authority”) will govern and operate the CCA program on behalf of its member jurisdictions. The Initial Participants within the County of Santa Clara, as defined by the Joint Powers Agreement, may participate in the Authority by adoption of 265 Ordinance No. 15-2138 Page 2 a resolution approving the execution of the Joint Powers Agreement and adoption of the CCA ordinance required by Public Utilities Code Section 366.2(c)(12) by March 31, 2016. Municipalities choosing to participate in the Authority will have membership on the Board of Directors of the Authority as provided in the Joint Powers Agreement. 4. The Authority will enter into agreements with electric power suppliers and other service providers and, based upon those agreements, the Authority plans to provide electrical power to residents and businesses at rates that are competitive with those of the incumbent utility. Once the California Public Utilities Commission approves the implementation plan prepared by the Authority, the Authority may provide service to customers within the City of Cupertino and those cities that choose to participate in the Silicon Valley Clean Energy Authority; and 5. Under Public Utilities Code Section 366.2, customers have the right to opt-out of a CCA program and continue to receive service from the incumbent utility. Customers who wish to continue to receive service from the incumbent utility will be able to do so at any time; and 6. On December 1, 2016, the Cupertino City Council held a public hearing at which time interested persons had an opportunity to testify either in support or in opposition to implementation of the Silicon Valley Clean Energy CCA program in the City of Cupertino; and 7. This ordinance is exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to the State CEQA Guidelines, as it is not a “project” and has no potential to result in a direct or reasonably foreseeable indirect physical change to the environment. (14 Cal. Code Regs. § 15378(a).) Further, the ordinance is exempt from CEQA as there is no possibility that the ordinance or its implementation would have a significant negative effect on the environment. (14 Cal. Code Regs.§ 15061(b)(3).) The ordinance is also categorically exempt because it is an action taken by a regulatory agency to assure the maintenance, restoration, enhancement or protection of the environment. (14 Cal. Code Regs. § 15308.) A Notice of Exemption to be filed as authorized by CEQA and the State CEQA Guidelines; and 8. The City Council is the decision-making body for the contemplated actions, including enactment of this Ordinance; and 266 Ordinance No. 15-2138 Page 3 9. The City Council has reviewed and considered the CEQA exemptions before taking any approval actions on this Ordinance and finds such exemptions are applicable. SECTION 2. The above findings are true and correct. SECTION 3. AUTHORIZATION TO IMPLEMENT A COMMUNITY CHOICE AGGREGATION PROGRAM. Based upon the foregoing, and in order to provide businesses and residents within the City of Cupertino with a choice of power providers, the City of Cupertino hereby elects to implement a community choice aggregation program within the jurisdiction of the City by participating in the Community Choice Aggregation program of the Silicon Valley Clean Energy Authority, as described in its Joint Powers Agreement. SECTION 4. This Ordinance shall be in full force and effect thirty (30) days after its adoption, and the City Clerk shall certify the adoption of this Ordinance and shall give notice of its adoption as required by law. Pursuant to Government Code Section 36933, a summary of this Ordinance may be published and posted in lieu of publication and posting of the entire text. INTRODUCED at a regular meeting of the City Council of the City of Cupertino the 1st day of December, 2015 and ENACTED at a regular meeting of the City Council of the City of Cupertino the ____ of _______ 2015, by the following vote: Vote: Members of the City Council Ayes: Noes: Absent: Abstain: ATTEST: APPROVED: ______________________ __________________________________ Grace Schmidt, City Clerk Mayor, City of Cupertino 267 RESOLUTION NO. 15-111 A RESOLUTION OF THE CITY COUNCIL OF CUPERTINO APPROVING THE JOINT POWERS AGREEMENT ESTABLISHING THE SILICON VALLEY CLEAN ENERGY AUTHORITY WHEREAS, the Cities of Cupertino, Mountain View and Sunnyvale and the County of Santa Clara formed and sponsored the Silicon Valley Community Choice Energy Partnership (SVCCEP) to investigate options to provide electric service to customers within the City of Cupertino and surrounding municipalities with the intent of achieving greater local control and involvement over the provision of electric services, competitive electric rates, the development of local, renewable energy projects, reduced greenhouse gas emissions, and the implementation of energy conservation and efficiency projects and programs; and WHEREAS, the City of Cupertino through its participation in SVCCEP has participated in the preparation of a Technical Feasibility Study for a community choice aggregation (“CCA”) program under the provisions of Public Utilities Code Section 366.2, with the Technical Feasibility Study concluding that implementing a community choice aggregation program would likely achieve the goals and benefits described above; and WHEREAS, the City of Cupertino desires to enter into the Joint Powers Agreement establishing the Silicon Valley Clean Energy Authority in order to implement a community choice aggregation program pursuant to Public Utilities Code Section 366.2(c)(12) within the jurisdiction of the City along with the other municipalities that become a member of the Authority; NOW, THEREFORE, THE COUNCIL OF THE CITY OF CUPERTINO HEREBY RESOLVES: Section 1. The Silicon Valley Clean Energy Authority Joint Powers Agreement, attached hereto, is herby approved and the Mayor is authorized to execute this Agreement upon the effective date of this resolution with any minor changes to the Agreement approved by the City Manager and City Attorney. Section 2. This resolution and the establishment of the Silicon Valley Clean Energy Authority is exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to the State CEQA Guidelines, as it is not a “project” since this action involves organizational and administrative activities of government that will not result in direct or indirect physical changes in the environment. (14 Cal. Code Regs. § 15378(b)(5)). Further, the ordinance and resolution are exempt from CEQA as there is no possibility that the ordinance or its implementation would have a significant 268 RES. NO. 15-111 Page 2 negative effect on the environment. (14 Cal. Code Regs.§ 15061(b)(3)). A Notice of Exemption shall be filed as authorized by CEQA and the State CEQA guidelines. The City Council is the decision-making body for the contemplated actions, including approval of this Resolution. The City Council has reviewed and considered the CEQA exemptions prior to taking any approval actions and finds such exemptions are applicable. Section 2. The Silicon Valley Clean Energy Authority Joint Powers Agreement, attached hereto, is herby approved and the Mayor is authorized to execute this Agreement upon the effective date of this resolution. Section 3. This resolution shall be effective upon the adoption of Ordinance No. ______, AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO AUTHORIZING THE IMPLEMENTATION OF A COMMUNITY CHOICE AGGREGATION (CCA) PROGRAM. PASSED AND ADOPTED this ______ day of ___________________, 2015, by the following vote: PASSED: Vote: Members of the City Council Ayes: Noes: Absent: Abstain: ATTEST: APPROVED: ______________________ __________________________________ Grace Schmidt, City Clerk Mayor, City of Cupertino 269 10016-003\1901335v1.doc Final Draft (11/25/15) Silicon Valley Clean Energy Authority - Joint Powers Agreement – Effective _____________ Among The Following Parties: City of Campbell City of Cupertino City of Gilroy City of Los Altos Town of Los Altos Hills Town of Los Gatos City of Monte Sereno City of Morgan Hill City of Mountain View County of Santa Clara (Unincorporated Area) City of Saratoga City of Sunnyvale 270 -1- 10016-003\1901335v1.doc SILICON VALLEY CLEAN ENERGY AUTHORITY JOINT POWERS AGREEMENT This Joint Powers Agreement (“Agreement”), effective as of _________, is made and entered into pursuant to the provisions of Title 1, Division 7, Chapter 5, Article 1 (Section 6500 et seq.) of the California Government Code relating to the joint exercise of powers among the parties set forth in Exhibit B (“Parties”). The term “Parties” shall also include an incorporated municipality or county added to this Agreement in accordance with Section 3.1. RECITALS 1. The Parties are either incorporated municipalities or counties sharing various powers under California law, including but not limited to the power to purchase, supply, and aggregate electricity for themselves and their inhabitants. 2. The purposes for the Initial Participants (as such term is defined in Section 2.2 below) entering into this Agreement include addressing climate change by reducing energy related greenhouse gas emissions and securing energy supply and price stability, energy efficiencies and local economic benefits. It is the intent of this Agreement to promote the development and use of a wide range of renewable energy sources and energy efficiency programs, including but not limited to solar and wind energy production. 3. The Parties desire to establish a separate public agency, known as the Silicon Valley Clean Energy Authority (“Authority”), under the provisions of the Joint Exercise of Powers Act of the State of California (Government Code Section 6500 et seq.) (“Act”) in order to collectively study, promote, develop, conduct, operate, and manage energy programs. 4. The Initial Participants have each adopted an ordinance electing to implement through the Authority a Community Choice Aggregation program pursuant to California Public Utilities Code Section 366.2 (“CCA Program”). The first priority of the Authority will be the consideration of those actions necessary to implement the CCA Program. 271 -2- 10016-003\1901335v1.doc AGREEMENT NOW, THEREFORE, in consideration of the mutual promises, covenants, and conditions hereinafter set forth, it is agreed by and among the Parties as follows: ARTICLE 1 CONTRACT DOCUMENTS 1.1 Definitions. Capitalized terms used in the Agreement shall have the meanings specified in Exhibit A, unless the context requires otherwise. 1.2 Documents Included. This Agreement consists of this document and the following exhibits, all of which are hereby incorporated into this Agreement. Exhibit A: Definitions Exhibit B: List of the Parties Exhibit C: Annual Energy Use Exhibit D: Voting Shares Exhibit E: Funding of Initial Costs 1.3 Revision of Exhibits. The Parties agree that Exhibits B, C and D to this Agreement describe certain administrative matters that may be revised upon the approval of the Board, without such revision constituting an amendment to this Agreement, as described in Section 8.4. The Authority shall provide written notice to the Parties of the revision of any such exhibit. ARTICLE 2 FORMATION OF SILICON VALLEY CLEAN ENERGY AUTHORITY 2.1 Effective Date and Term. This Agreement shall become effective and Silicon Valley Clean Energy Authority shall exist as a separate public agency on March 31, 2016 provided that this Agreement is executed on or prior to such date by at least three Initial Participants after the adoption of the ordinances required by Public Utilities Code Section 366.2(c)(12). The Authority shall provide notice to the Parties of the Effective Date. The Authority shall continue to exist, and this Agreement shall be effective, until this Agreement is terminated in accordance with Section 7.4, subject to the rights of the Parties to withdraw from the Authority. 2.2 Initial Participants. Until March 31, 2016, all other Initial Participants may become a Party by executing this Agreement and delivering an executed copy of this Agreement and a copy of the adopted ordinance required by Public Utilities Code Section 366.2(c)(12) to the Authority. Additional conditions, described in Section 3.1, may apply (i) to either an incorporated municipality or county desiring to become a Party that is not an Initial Participant 272 -3- 10016-003\1901335v1.doc and (ii) to Initial Participants that have not executed and delivered this Agreement within the time period described above. 2.3 Formation. There is formed as of the Effective Date a public agency named the Silicon Valley Clean Energy Authority. Pursuant to Sections 6506 and 6507 of the Act, the Authority is a public agency separate from the Parties. The debts, liabilities or obligations of the Authority shall not be debts, liabilities or obligations of the individual Parties unless the governing board of a Party agrees in writing to assume any of the debts, liabilities or obligations of the Authority. A Party who has not agreed to assume an Authority debt, liability or obligation shall not be responsible in any way for such debt, liability or obligation even if a majority of the Parties agree to assume the debt, liability or obligation of the Authority. Notwithstanding Section 8.4 of this Agreement, this Section 2.3 may not be amended unless such amendment is approved by the governing boards of all Parties. 2.4 Purpose. The purpose of this Agreement is to establish an independent public agency in order to exercise powers common to each Party and any other powers granted to the Authority under state law to study, promote, develop, conduct, operate, and manage energy and energy-related climate change programs, and to exercise all other powers necessary and incidental to accomplishing this purpose. Without limiting the generality of the foregoing, the Parties intend for this Agreement to be used as a contractual mechanism by which the Parties are authorized to participate as a group in the CCA Program pursuant to Public Utilities Code Section 366.2(c)(12). The Parties intend that subsequent agreements shall define the terms and conditions associated with the actual implementation of the CCA Program. 2.5 Powers. The Authority shall have all powers common to the Parties and such additional powers accorded to it by law. The Authority is authorized, in its own name, to exercise all powers and do all acts necessary and proper to carry out the provisions of this Agreement and fulfill its purposes, including, but not limited to, each of the following: 2.5.1 make and enter into contracts; 2.5.2 employ agents and employees, including but not limited to an Executive Director; 2.5.3 acquire, contract, manage, maintain, and operate any buildings, works or improvements; 2.5.4 acquire property by eminent domain, or otherwise, except as limited under Section 6508 of the Act, and to hold or dispose of any property; 2.5.5 lease any property; 2.5.6 sue and be sued in its own name; 2.5.7 incur debts, liabilities, and obligations, including but not limited to loans from private lending sources pursuant to its temporary borrowing powers such as Government Code Section 53850 et seq. and authority under the Act; 273 -4- 10016-003\1901335v1.doc 2.5.8 issue revenue bonds and other forms of indebtedness; 2.5.9 apply for, accept, and receive all licenses, permits, grants, loans or other assistance from any federal, state or local public agency; 2.5.10 submit documentation and notices, register, and comply with orders, tariffs and agreements for the establishment and implementation of the CCA Program and other energy programs; 2.5.11 adopt rules, regulations, policies, bylaws and procedures governing the operation of the Authority (“Operating Rules and Regulations”); and 2.5.12 make and enter into service, energy and any other agreements necessary to plan, implement, operate and administer the CCA Program and other energy programs, including the acquisition of electric power supply and the provision of retail and regulatory support services. 2.6 Limitation on Powers. As required by Government Code Section 6509, the power of the Authority is subject to the restrictions upon the manner of exercising power possessed by the City of Cupertino and any other restrictions on exercising the powers of the Authority that may be adopted by the Board. 2.7 Compliance with Local Zoning and Building Laws. Notwithstanding any other provisions of this Agreement or state law, any facilities, buildings or structures located, constructed or caused to be constructed by the Authority within the territory of the Authority shall comply with the General Plan, zoning and building laws of the local jurisdiction within which the facilities, buildings or structures are constructed. ARTICLE 3 AUTHORITY PARTICIPATION 3.1 Addition of Parties. Subject to Section 2.2, relating to certain rights of Initial Participants, other incorporated municipalities and counties may become Parties upon (a) the adoption of a resolution by the governing body of such incorporated municipality or county requesting that the incorporated municipality or county, as the case may be, become a member of the Authority, (b) the adoption by a two-thirds affirmative vote of the entire Board satisfying the requirements described in Section 4.9, of a resolution authorizing membership of the additional incorporated municipality or county, specifying the membership payment, if any, to be made by the additional incorporated municipality or county to reflect its pro rata share of organizational, planning and other pre-existing expenditures, and describing additional conditions, if any, associated with membership, (c) the adoption of an ordinance required by Public Utilities Code Section 366.2(c)(12) and execution of this Agreement and other necessary program agreements by the incorporated municipality or county, (d) payment of the membership fee, if any, and (e) satisfaction of any conditions established by the Board. 3.2 Continuing Participation. The Parties acknowledge that membership in the Authority may change by the addition and/or withdrawal or termination of Parties. The Parties agree to participate with such other Parties as may later be added, as described in Section 3.1. 274 -5- 10016-003\1901335v1.doc The Parties also agree that the withdrawal or termination of a Party shall not affect this Agreement or the remaining Parties’ continuing obligations under this Agreement. ARTICLE 4 GOVERNANCE AND INTERNAL ORGANIZATION 4.1 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 accordance with Section 4.2. 4.2 Appointment and Removal of Directors. The Directors shall be appointed and may be removed as follows: 4.2.1 The governing body of each Party shall appoint and designate in writing one regular Director who shall be authorized to act for and on behalf of the Party on matters within the powers of the Authority. The governing body of each Party also shall appoint and designate in writing one alternate Director who may vote on matters when the regular Director is absent from a Board meeting. The person appointed and designated as the Director shall be a member of the governing body of the Party. The person appointed and designated as the alternate Director may be a member of the governing body of the Party, a staff member of the Party, or a member of the public. 4.2.2 The Operating Rules and Regulations, to be developed and approved by the Board in accordance with Section 2.5.11, shall specify the reasons for and process associated with the removal of an individual Director for cause. Notwithstanding the foregoing, no Party shall be deprived of its right to seat a Director on the Board and any such Party for which its Director and/or alternate Director has been removed may appoint a replacement. 4.3 Terms of Office. Each regular and alternate Director shall serve at the pleasure of the governing body of the Party that the Director represents, and may be removed as Director by such governing body at any time. If at any time a vacancy occurs on the Board, a replacement shall be appointed to fill the position of the previous Director in accordance with the provisions of Section 4.2 within 90 days of the date that such position becomes vacant. 4.4 Quorum. A majority of the Directors of the entire Board shall constitute a quorum. 4.5 Powers and Function of the Board. The Board shall conduct or authorize to be conducted all business and activities of the Authority, consistent with this Agreement, the Authority Documents, the Operating Rules and Regulations, and applicable law. 4.6 Executive Committee. The Board may establish an executive committee consisting of a smaller number of Directors. The Board may delegate to the executive committee such authority as the Board might otherwise exercise, subject to limitations placed on the 275 -6- 10016-003\1901335v1.doc Board’s authority to delegate certain essential functions, as described in the Operating Rules and Regulations. The Board may not delegate to the Executive Committee or any other committee its authority under Section 2.5.11 to adopt and amend the Operating Rules and Regulations. 4.7 Commissions, Boards and Committees. The Board may establish any advisory commissions, boards and committees as the Board deems appropriate to assist the Board in carrying out its functions and implementing the CCA Program, other energy programs and the provisions of this Agreement. 4.8 Director Compensation. Compensation for work performed by Directors on behalf of the Authority shall be borne by the Party that appointed the Director. The Board, however, may adopt by resolution a policy relating to the reimbursement of expenses incurred by Directors. 4.9 Board Voting. 4.9.1 Percentage Vote. Except when a supermajority vote is expressly required by this Agreement or the Operating Rules and Regulations, action of the Board on all matters shall require an affirmative vote of a majority of all Directors on the entire Board. A supermajority vote is required by this Agreement for the matters addressed by Sections 3.1, 6.4, 7.1.1, 7.1.2, 7.2, and 8.4. When a supermajority vote is required by this Agreement or the Operating Rules and Regulations, action of the Board shall require an affirmative vote of the specified supermajority of all Directors on the entire Board. All votes taken pursuant to this Section 4.9.1 shall be referred to as a percentage vote. No action can be taken by the Board without an affirmative percentage vote. 4.9.2 Voting Shares Vote. In addition to and immediately after an affirmative percentage vote, two or more Directors may request that, a vote of the voting shares shall be held. In such event, the corresponding voting shares (as described in Section 4.9.2 and Exhibit D) of all Directors voting in the affirmative shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Rules and Regulations, of all Directors on the entire Board. All votes taken pursuant to this Section 4.9.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote. 4.9.3 Voting Shares Formula. When a voting shares vote is requested by two or more Directors, voting shares of the Directors shall be determined by the following formula: 276 -7- 10016-003\1901335v1.doc (Annual Energy Use/Total Annual Energy) multiplied by 100, where (a) “Annual Energy Use” means (i) with respect to the first two years following the Effective Date, the annual electricity usage, expressed in kilowatt hours (“kWh”), within the Party’s respective jurisdiction and (ii) with respect to the period after the second anniversary of the Effective Date, the annual electricity usage, expressed in kWh, of accounts within a Party’s respective jurisdiction that are served by the Authority and (b) “Total Annual Energy” means the sum of all Parties’ Annual Energy Use. The initial values for Annual Energy use are designated in Exhibit C and the initial voting shares are designated in Exhibit D. Both Exhibits C and D shall be adjusted annually as soon as reasonably practicable after January 1, but no later than March 1 of each year subject to the approval of the Board. 4.10 Meetings and Special Meetings of the Board. The Board shall hold at least four regular meetings per year, but the Board may provide for the holding of regular meetings at more frequent intervals. The date, hour and place of each regular meeting shall be fixed by resolution or ordinance of the Board. Regular meetings may be adjourned to another meeting time. Special meetings of the Board may be called in accordance with the provisions of California Government Code Section 54956. Directors may participate in meetings telephonically, with full voting rights, only to the extent permitted by law. All meetings of the Board shall be conducted in accordance with the provisions of the Ralph M. Brown Act (California Government Code Section 54950 et seq.). 4.11 Selection of Board Officers. 4.11.1 Chair and Vice Chair. The Directors shall select, from among themselves, a Chair, who shall be the presiding officer of all Board meetings, and a Vice Chair, who shall serve in the absence of the Chair. The term of office of the Chair and Vice Chair shall continue for one year, but there shall be no limit on the number of terms held by either the Chair or Vice Chair. The office of either the Chair or Vice Chair shall be declared vacant and a new selection shall be made if: (a) the person serving dies, resigns, or the Party that the person represents removes the person as its representative on the Board or (b) the Party that he or she represents withdraws from the Authority pursuant to the provisions of this Agreement. 4.11.2 Secretary. The Board shall appoint a Secretary, who need not be a member of the Board, who shall be responsible for keeping the minutes of all meetings of the Board and all other official records of the Authority. 4.11.3 Treasurer and Auditor. The Board shall appoint a qualified person to act as the Treasurer and a qualified person to act as the Auditor, neither of whom needs to be a member of the Board. If the Board so designates, and in accordance with the provisions of applicable law, a qualified person may hold both the office of Treasurer and the office of Auditor of the 277 -8- 10016-003\1901335v1.doc Authority. Unless otherwise exempted from such requirement, the Authority shall cause an independent audit to be made by a certified public accountant, or public accountant, in compliance with Section 6505 of the Act. The Treasurer shall act as the depositary of the Authority and have custody of all the money of the Authority, from whatever source, and as such, shall have all of the duties and responsibilities specified in Section 6505.5 of the Act. The Board may require the Treasurer and/or Auditor to file with the Authority an official bond in an amount to be fixed by the Board, and if so requested, the Authority shall pay the cost of premiums associated with the bond. The Treasurer shall report directly to the Board and shall comply with the requirements of treasurers of incorporated municipalities. The Board may transfer the responsibilities of Treasurer to any person or entity as the law may provide at the time. The duties and obligations of the Treasurer are further specified in Article 6. ARTICLE 5 IMPLEMENTATION ACTION AND AUTHORITY DOCUMENTS 5.1 Preliminary Implementation of the CCA Program. 5.1.1 Enabling Ordinance. Prior to the execution of this Agreement, each Party shall adopt an ordinance in accordance with Public Utilities Code Section 366.2(c)(12) for the purpose of specifying that the Party intends to implement a CCA Program by and through its participation in the Authority. 5.1.2 Implementation Plan. The Authority shall cause to be prepared an Implementation Plan meeting the requirements of Public Utilities Code Section 366.2 and any applicable Public Utilities Commission regulations as soon after the Effective Date as reasonably practicable. The Implementation Plan shall not be filed with the Public Utilities Commission until it is approved by the Board in the manner provided by Section 4.9. 5.1.3 Termination of CCA Program. Nothing contained in this Article or this Agreement shall be construed to limit the discretion of the Authority to terminate the implementation or operation of the CCA Program at any time in accordance with any applicable requirements of state law. 5.2 Authority Documents. The Parties acknowledge and agree that the affairs of the Authority will be implemented through various documents duly adopted by the Board through Board resolution or minute action, including but not necessarily limited to the Operating Rules and Regulations, the annual budget, and specified plans and policies defined as the Authority Documents by this Agreement. The Parties agree to abide by and comply with the terms and conditions of all such Authority Documents that may be adopted by the Board, subject to the Parties’ right to withdraw from the Authority as described in Article 7. 278 -9- 10016-003\1901335v1.doc ARTICLE 6 FINANCIAL PROVISIONS 6.1 Fiscal Year. The Authority’s fiscal year shall be 12 months commencing July 1 and ending June 30. The fiscal year may be changed by Board resolution. 6.2 Depository. 6.2.1 All funds of the Authority shall be held in separate accounts in the name of the Authority and not commingled with funds of any Party or any other person or entity. 6.2.2 All funds of the Authority shall be strictly and separately accounted for, and regular reports shall be rendered of all receipts and disbursements, at least quarterly during the fiscal year. The books and records of the Authority shall be open to inspection by the Parties at all reasonable times. The Board shall contract with a certified public accountant or public accountant to make an annual audit of the accounts and records of the Authority, which shall be conducted in accordance with the requirements of Section 6505 of the Act. 6.2.3 All expenditures shall be made in accordance with the approved budget and upon the approval of any officer so authorized by the Board in accordance with its Operating Rules and Regulations. The Treasurer shall draw checks or warrants or make payments by other means for claims or disbursements not within an applicable budget only upon the prior approval of the Board. 6.3 Budget and Recovery Costs. 6.3.1 Budget. The initial budget shall be approved by the Board. The Board may revise the budget from time to time through an Authority Document as may be reasonably necessary to address contingencies and unexpected expenses. All subsequent budgets of the Authority shall be prepared and approved by the Board in accordance with the Operating Rules and Regulations. 6.3.2 Funding of Initial Costs. The Initial Participants shall fund the Initial Costs of the Authority in establishing the Authority and implementing the CCA Program as described in Exhibit E to this Agreement. The Initial Participants shall remit to the Authority their respective shares of Phase 2 and 3 Initial Costs as described in Exhibit E within 30 days after the Effective Date. In the event that the CCA Program becomes operational, these Initial Costs paid by the Initial Participants shall be included in the customer charges for electric services as provided by Section 6.3.3 to the extent permitted by law, and the Initial Participants shall be reimbursed by the Authority within four years of the Effective Date. The Authority may establish a reasonable time period over which such costs are recovered. In 279 -10- 10016-003\1901335v1.doc the event that the CCA Program does not become operational, the Initial Participants shall not be entitled to any reimbursement of the Initial Costs they have paid from the Authority or any Party. 6.3.3 CCA Program Costs. The Parties desire that, to the extent reasonably practicable, all costs incurred by the Authority that are directly or indirectly attributable to the provision of electric, conservation and energy efficiency services under the CCA Program shall be recovered through charges to CCA customers receiving such electric services or from revenues received from grants or other third-party sources. 6.3.4 Additional Contributions and Advances. Pursuant to Government Code Section 6504, the Parties may in their discretion make financial contributions, loans or advances to the Authority for the purposes of the Authority set forth in this Agreement. The repayment of such contributions, loans or advances will be on the written terms agreed to by the Party making the contribution, loan or advance and the Authority. 6.4 Debt. The Authority shall not incur any debts, including but not limited to loans and the issuance of bonds, unless approved by a two-thirds affirmative vote of the entire Board satisfying the requirements described in Section 4.9. ARTICLE 7 WITHDRAWAL AND TERMINATION 7.1 Withdrawal. 7.1.1 General Right to Withdraw. 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 180 days advance written notice of its election to do so, which notice shall be given to the Authority and each Party. By a two- thirds affirmative vote of the entire Board satisfying the requirements described in Section 4.9, the Board may shorten the 180 day period for a withdrawal under this Section 7.1.1 to become effective. 7.1.2 Amendment. Notwithstanding Section 7.1.1, a Party may withdraw its membership in the Authority following an amendment to this Agreement provided that the requirements of this Section 7.1.2 are strictly followed. A Party shall be deemed to have withdrawn its membership in the Authority effective 180 days after the Board approves an amendment to this Agreement if the Director representing such Party has provided notice to the other Directors immediately preceding the Board’s vote of the Party’s intention to withdraw its membership in the Authority should the amendment be approved by the Board. By a two-thirds affirmative vote of the entire Board satisfying the requirements described in Section 4.9, the Board may shorten the 180 day period for a withdrawal under this Section 7.1.2 to become effective. 280 -11- 10016-003\1901335v1.doc 7.1.3 Liabilities; Further Assurances. A Party that withdraws its membership in the Authority under either Section 7.1.1 or 7.1.2 may be subject to certain liabilities, as described in Section 7.3. The withdrawing Party and the Authority shall execute and deliver all further instruments and documents, and take any further action that may be reasonably necessary, as determined by the Board, to effectuate the orderly withdrawal of such Party from membership in the Authority. The Operating Rules and Regulations shall prescribe the rights, if any, of a withdrawn Party to continue to participate in those Board discussions and decisions affecting customers of the CCA Program that reside or do business within the jurisdiction of the Party. 7.2 Involuntary Termination of a Party. This Agreement may be terminated with respect to a Party for material non-compliance with provisions of this Agreement or the Authority Documents upon a two-thirds affirmative vote of the entire Board satisfying the requirements described in Section 4.9, including the vote and voting shares of the Party subject to possible termination. Prior to any vote to terminate this Agreement with respect to a Party, written notice of the proposed termination and the reason(s) for such termination shall be delivered to the Party whose termination is proposed at least 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 or the Authority Documents that the Party has allegedly violated. The Party subject to possible termination shall have the opportunity at the next regular Board meeting to respond to any reasons and allegations that may be cited as a basis for termination prior to a vote regarding termination. A Party that has had its membership in the Authority terminated may be subject to certain liabilities, as described in Section 7.3. 7.3 Continuing Liability; Refund. Subject to the provisions of Section 2.3, upon a withdrawal or involuntary termination of a Party pursuant to Sections 7.1 or 7.2, the Party shall remain responsible for any claims, demands, damages, or liabilities arising from the Party’s membership in the Authority through the date of its withdrawal or involuntary termination. Notwithstanding Section 2.3,thereafter, the withdrawing or terminated Party shall be responsible for any damages, losses or costs incurred by the Authority resulting from the Party’s withdrawal, including but not limited to losses from the resale of power contracted for by the Authority to serve the Party’s load. In addition, such Party also shall be responsible for any costs or obligations associated with the Party’s participation in any program in accordance with the provisions of any agreements relating to such program provided such costs or obligations were incurred prior to the withdrawal of the Party. The Authority may withhold funds otherwise owing to the Party or may require the Party to deposit sufficient funds with the Authority, as reasonably determined by the Authority, to cover the Party’s liability for the costs described above. Any amount of the Party’s funds held on deposit with the Authority above that which is required to pay any liabilities or obligations shall be returned to the Party. 7.4 The Right to Withdraw Prior to Program Launch. After receiving bids from power suppliers for the CCA Program, the Authority must provide to the Parties a report from the electrical utility consultant retained by the Authority comparing the Authority’s total estimated electrical rates, the estimated greenhouse gas emissions rate and the amount of 281 -12- 10016-003\1901335v1.doc estimated renewable energy to be used with that of the incumbent utility. Within 15 days after receiving this report, any Party may immediately withdraw its membership in the Authority by providing written notice of withdrawal to the Authority if the report determines that any one of the following conditions exists: (1) the Authority is unable to provide total electrical rates, as part of its baseline offering to customers, that are equal to or lower than the incumbent utility, (2) the Authority is unable to provide electricity in a manner that has a lower greenhouse gas emissions rate than the incumbent utility, or (3) the Authority will use less renewable energy than the incumbent utility. Any Party who withdraws from the Authority pursuant to this Section 7.4 shall not be entitled to any refund of the Initial Costs it has paid to the Authority prior to the date of withdrawal unless the Authority is later terminated pursuant to Section 7.5. In such event, any Initial Costs not expended by the Authority shall be returned to all Parties, including any Party that has withdrawn pursuant to this section, in proportion to the contribution that each made. Notwithstanding anything to the contrary in this Agreement, any Party who withdraws pursuant to this section shall not be responsible for any liabilities or obligations of the Authority after the date of withdrawal, including without limitation any liability arising from power purchase agreements entered into by the Authority. 7.5 Mutual Termination. This Agreement may be terminated by mutual agreement of all the Parties; provided, however, the foregoing shall not be construed as limiting the rights of a Party to withdraw its membership in the Authority, and thus terminate this Agreement with respect to such withdrawing Party, as described in Section 7.1. 7.6 Disposition of Property upon Termination of Authority. Upon termination of this Agreement as to all Parties, any surplus money or assets in possession of the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any Authority Documents, shall be returned to the then-existing Parties in proportion to the contributions made by each. ARTICLE 8 MISCELLANEOUS PROVISIONS 8.1 Dispute Resolution. The Parties and the Authority shall make reasonable efforts to settle all disputes arising out of or in connection with this Agreement. Before exercising any remedy provided by law, a Party or the Parties and the Authority shall engage in nonbinding mediation or arbitration in the manner agreed upon by the Party or Parties and the Authority. In the event that nonbinding mediation or arbitration is not initiated or does not result in the settlement of a dispute within 120 days after the demand for mediation or arbitration is made, any Party and the Authority may pursue any remedies provided by law. 8.2 Liability of Directors, Officers, and Employees. The Directors, officers, and employees of the Authority shall use ordinary care and reasonable diligence in the exercise of 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 Government Code Section 995 et 282 -13- 10016-003\1901335v1.doc seq. Nothing in this section shall be construed to limit the defenses available under the law, to the Parties, the Authority, or its Directors, officers, or employees. 8.3 Indemnification of Parties. The Authority shall acquire such insurance coverage as the Board deems necessary to protect the interests of the Authority, the Parties and the public but shall obtain no less than $2 million dollars in coverage. Such insurance coverage shall name the Parties and their respective Board or Council members, officers, agents and employees as additional insureds. The Authority shall defend, indemnify and hold harmless the Parties and each of their respective Board or Council members, officers, agents and employees, from any and all claims, losses, damages, costs, injuries and liabilities of every kind arising directly or indirectly from the conduct, activities, operations, acts, and omissions of the Authority under this Agreement. 8.4 Amendment of this Agreement. This Agreement may be amended in writing by a two-thirds affirmative vote of the entire Board satisfying the requirements described in Section 4.9. The Authority shall provide written notice to the Parties at least 30 days in advance of any proposed amendment being considered by the Board. If the proposed amendment is adopted by the Board, the Authority shall provide prompt written notice to all Parties of the effective date of such amendment along with a copy of the amendment. 8.5 Assignment. Except as otherwise expressly provided in this Agreement, the rights and duties of the Parties may not be assigned or delegated without the advance written consent of all of the other Parties, and any attempt to assign or delegate such rights or duties in contravention of this Section 8.5 shall be null and void. This Agreement shall inure to the benefit of, and be binding upon, the successors and assigns of the Parties. This Section 8.5 does not prohibit a Party from entering into an independent agreement with another agency, person, or entity regarding the financing of that Party’s contributions to the Authority, or the disposition of proceeds which that Party receives under this Agreement, so long as such independent agreement does not affect, or purport to affect, the rights and duties of the Authority or the Parties under this Agreement. 8.6 Severability. If one or more clauses, sentences, paragraphs or provisions of this Agreement shall be held to be unlawful, invalid or unenforceable, it is hereby agreed by the Parties, that the remainder of the Agreement shall not be affected thereby. Such clauses, sentences, paragraphs or provision shall be deemed reformed so as to be lawful, valid and enforced to the maximum extent possible. 8.7 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 and intent of this Agreement. 8.8 Execution by Counterparts. This Agreement may be executed in any number of counterparts, and upon execution by all Parties, each executed counterpart shall have the same force and effect as an original instrument and as if all Parties had signed the same instrument. Any signature page of this Agreement may be detached from any counterpart of this Agreement without impairing the legal effect of any signatures thereon, and may be attached to another 283 -14- 10016-003\1901335v1.doc counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages. 8.9 Parties to be Served Notice. Any notice authorized or required to be given pursuant to this Agreement shall be validly given if served in writing either personally, by deposit in the United States mail, first class postage prepaid with return receipt requested, or by a recognized courier service. 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 deemed given 72 hours after the deposit thereof (excluding Saturdays, Sundays and holidays) if the sender receives the return receipt. All notices shall be addressed to the office of the clerk or secretary of the Authority or Party, as the case may be, or such other person designated in writing by the Authority or Party. In addition, a duplicate copy of all notices provided pursuant to this section shall be provided to the Director and Alternate Director for each Party. Notices given to one Party shall be copied to all other Parties. Notices given to the Authority shall be copied to all Parties. ARTICLE 9 SIGNATURE IN WITNESS WHEREOF, the Parties hereto have executed this Joint Powers Agreement establishing the Silicon Valley Clean Energy Authority. By: Name: Title: Date: Party: 284 Exhibit A Page 1 10016-003\1901335v1.doc EXHIBIT A -DEFINITIONS- “AB 117” means Assembly Bill 117 (Stat. 2002, ch. 838, codified at Public Utilities Code Section 366.2), which created CCA. “Act” means the Joint Exercise of Powers Act of the State of California (Government Code Section 6500 et seq.) “Agreement” means this Joint Powers Agreement. “Annual Energy Use” has the meaning given in Section 4.9.2. “Authority” means the Silicon Valley Clean Energy Authority. “Authority Document(s)” means document(s) duly adopted by the Board by resolution or motion implementing the powers, functions and activities of the Authority, including but not limited to the Operating Rules and Regulations, the annual budget, and plans and policies. “Board” means the Board of Directors of the Authority. “CCA” or “Community Choice Aggregation” means an electric service option available to cities and counties pursuant to Public Utilities Code Section 366.2. “CCA Program” means the Authority’s program relating to CCA that is principally described in Sections 2.4 and 5.1. “Days” shall mean calendar days unless otherwise specified by this Agreement. “Director” means a member of the Board of Directors representing a Party. “Effective Date” means the date on which this Agreement shall become effective and the Silicon Valley Clean Energy Authority shall exist as a separate public agency, as further described in Section 2.1. “Implementation Plan” means the plan generally described in Section 5.1.2 of this Agreement that is required under Public Utilities Code Section 366.2 to be filed with the California Public Utilities Commission for the purpose of describing a proposed CCA Program. “Initial Costs” means all costs incurred by the Authority relating to the establishment and initial operation of the Authority, such as the hiring of an Executive Director and any administrative staff, any required accounting, administrative, technical and legal services in support of the Authority’s initial activities or in support of the negotiation, preparation and approval of power purchase agreements. The Board shall determine the termination date for Initial Costs. “Initial Participants” means, for the purpose of this Agreement the County of Santa Clara, the Cities of Campbell, Cupertino, Gilroy, Los Altos, Monte Sereno, Morgan Hill, Mountain View, Saratoga, and Sunnyvale, and the Towns of Los Altos and Los Gatos. 285 Exhibit A Page 2 10016-003\1901335v1.doc “Operating Rules and Regulations” means the rules, regulations, policies, bylaws and procedures governing the operation of the Authority. “Parties” means, collectively, the signatories to this Agreement that have satisfied the conditions in Sections 2.2 or 3.1 such that it is considered a member of the Authority. “Party” means, singularly, a signatory to this Agreement that has satisfied the conditions in Sections 2.2 or 3.1 such that it is considered a member of the Authority. “Percentage vote” means a vote taken by the Board pursuant to Section 4.9.1 that is based on each Party having one equal vote. “Total Annual Energy” has the meaning given in Section 4.9.2. “Voting shares vote” means a vote taken by the Board pursuant to Section 4.9.2 that is based on the voting shares of each Party described in Section 4.9.3 and set forth in Exhibit D to this Agreement. A voting shares vote cannot take place on a matter unless the matter first receives an affirmative percentage vote in the manner required by Section 4.9.1 and two or more Directors immediately thereafter request such vote. 286 Exhibit B Page 1 10016-003\1901335v1.doc DRAFT EXHIBIT B -LIST OF THE PARTIES (This draft exhibit is based on the assumption that all of the Initial Participants will become Parties. On the Effective Date, this exhibit will be revised to reflect the Parties to this Agreement at that time.)- City of Campbell City of Cupertino City of Gilroy City of Los Altos Town of Los Altos Hills Town of Los Gatos City of Monte Sereno City of Morgan Hill City of Mountain View County of Santa Clara (Unincorporated Area) City of Saratoga City of Sunnyvale 287 Exhibit C Page 1 10016-003\1901335v1.doc DRAFT EXHIBIT C -ANNUAL ENERGY USE (This draft exhibit is based on the assumption that all of the Initial Participants will become Parties. On the Effective Date, this exhibit will be revised to reflect the Parties to this Agreement at that time.) This Exhibit C is effective as of March 31, 2016. Party kWh (2014*) Campbell 208,827 Cupertino 243,360 Gilroy 296,993 Los Altos 142,219 Los Altos Hills 42,577 Los Gatos 196,007 Monte Sereno 7,939 Morgan Hill 232,521 Mountain View 664,209 Santa Clara County (Unincorporated) 397,902 Saratoga 131,604 Sunnyvale 1,407,826 *Data provided by PG&E 288 Exhibit D Page 1 10016-003\1901335v1.doc DRAFT EXHIBIT D - VOTING SHARES (This draft exhibit is based on the assumption that all of the Initial Participants will become Parties. On the Effective Date, this exhibit will be revised to reflect the Parties to this Agreement at that time.) This Exhibit D is effective as of March 31. 2016. Party kWh (2014*) Voting Share Section 4.9.2 Campbell 208,827 5.3% Cupertino 243,360 6.1% Gilroy 296,993 7.5% Los Altos 142,219 3.6% Los Altos Hills 42,577 1.1% Los Gatos 196,007 4.9% Monte Sereno 7,939 0.2% Morgan Hill 232,521 5.9% Mountain View 664,209 16.7% Santa Clara County (Unincorporated) 397,902 10.0% Saratoga 131,604 3.3% Sunnyvale 1,407,826 35.4% Total 3,971,985 100.0% *Data provided by PG&E 289 Exhibit E Page 1 10016-003\1901335v1.doc DRAFT EXHIBIT E - FUNDING OF INITIAL COSTS - (This draft exhibit is based on the assumption that all of the Initial Participants will become Parties. On the Effective Date, this exhibit will be revised to reflect the Parties to this Agreement at that time.) Party Phase 1(*) Phase 2 and 3 (**) Phase 2 & 3 w/Contingency (***) Campbell -- $100,000 $150,000 Cupertino $170,000 $350,000 $450,000 Gilroy -- $100,000 $150,000 Los Altos -- $100,000 $150,000 Los Altos Hills -- $25,000 $25,000 Los Gatos -- $100,000 $150,000 Monte Sereno -- $25,000 $25,000 Morgan Hill -- $100,000 $150,000 Mountain View $170,000 $350,000 $450,000 Santa Clara County (Unincorporated) $170,000 $350,000 $450,000 Saratoga -- $100,000 $150,000 Sunnyvale $170,000 $350,000 $450,000 Total $680,000 $2,050,000 N/A - (*) Certain Parties have contributed funding prior to the Effective Date of this Agreement, as shown above under Phase 1, to conduct initial legal, technical, and administrative activities in support of the establishment of the Authority. Such activities are part of the Initial Costs described in Section 6.3 of this Agreement. - (**) Additional costs associated with program launch will be financed and thus are not covered by the Initial Cost Contributions shown here. - (***) Initial Participants are required to commit up to this amount at the time of executing the Agreement; this amount includes contingency funding should multiple Initial Participants not execute the Agreement by 3/31/16, so that the final Parties are providing sufficient contribution for Initial Costs. The Parties will be notified promptly after the Effective Date of the final Parties and contribution to Initial Costs 290 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1042 Name: Status:Type:Election of Mayor and ViceMayor Agenda Ready File created:In control:8/18/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Council members elect Mayor Sponsors: Indexes: Code sections: Attachments: Action ByDate Action ResultVer. City Council12/1/20151 Subject: Council members elect Mayor Make nominations and elect Mayor CITY OF CUPERTINO Printed on 11/25/2015Page 1 of 1 powered by Legistar™291 CITY OF CUPERTINO Legislation Details (With Text) File #: Version:115-1043 Name: Status:Type:Election of Mayor and ViceMayor Agenda Ready File created:In control:8/18/2015 City Council On agenda:Final action:12/1/2015 Title:Subject: Council members elect Vice Mayor Sponsors: Indexes: Code sections: Attachments: Action ByDate Action ResultVer. 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