[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},"mediaId",6226678,"mediaKeyId","3504049-4fce8b13e6fbf23ebf89efb1817d0e46","parentId",3504049,"title","Board approves amended Pelican Shaw solar and battery PPA; project to supply about 8–10% of load if online in 2026","audioSeconds",380,"startMs",2960000,"endMs",3340000,"viewUrl","/Search/View?dp=1&key=3504049-4fce8b13e6fbf23ebf89efb1817d0e46&start=2960&end=3340","thumbnailUrl","https://assets.pipeline.soar.com/3504049-4fce8b13e6fbf23ebf89efb1817d0e46/thumbnail_2960000.jpg","articleUrl","/articles/6226678/California/Board-approves-amended-Pelican-Shaw-solar-and-battery-PPA-project-to-supply-about-810-of-load-if-online-in-2026","mediaUrl","https://secure.pipeline.soar.com/6226678-8f51fa8ed98c93f1964fc3a914ff8373/orig.mp4?Expires=1771114690&Signature=Cy8owNfZ8eUuw-0FUazeDbBaraL~ij~uJZXCs1S1ZbGxFOzH3VynQQg3xZUYKM5TXfZCgJivZ-pE2~SxdYHhlEYfln-6~d0jzxJMks4UP5dNdaUBMqjlrkGPsUD2F1ljkLSthjCCoLZfsDN8tlHE1IjYQOlUQp5FMZGLM5Q-GjDh7n9WrEB3qSQ49XkrjHGCMhLowxNsYE0D9Ti1IqoqD5x3mZOnBH5RrDQ4xLipe5BdpTHZW99cRAHIiVzPcFuDMCq11rgdpolD9FAIMxHOGVT3LGHpcmsByz2587mAWtDP5rIoL4s6IgDT7uBLkH8pdJLkJB1Hp3Zh72QxePGsGg__&Key-Pair-Id=KUT5TJCACFTXG","author","","date","2025-05-25T09:02:04.707Z","article","San Diego Community Power on May 2025 approved an amendment to the power purchase agreement for the Pelican Shaw solar‑plus‑storage project, a large renewable project that staff said is now in construction and could deliver material renewable energy, resource adequacy and carbon‑free attributes to the agency as early as late summer 2026.

Kenny Key, director of power contracts for San Diego Community Power, told the board the project was originally contracted in stages and later expanded so the agency would be the sole offtaker for the full output. \"This is a massive project,\" Key said during his presentation, describing the site in Kern County as a multi‑hundred‑megawatt solar array paired with a large battery system. Key said the full project represents roughly 1,200,000 megawatt‑hours per year — \"that is roughly 8 to 10% of our load,\" he said — and that earlier negotiations reduced price by taking the whole project rather than a partial offtake.

Why it matters: the project increases the agency’s long‑term renewable supply and helps meet mid‑term resource adequacy and reliability goals. Staff said an earlier commercial operation date (COD) was accelerated by the developer; the amendment adjusts pricing and commercial terms to reflect an earlier COD window while keeping overall price below short‑term market alternatives, according to staff analysis.

What the amendment does

- Timing and pricing: The amendment allows for an earlier commercial operation date (late summer 2026 rather than April 2027 in the original agreement). Key said staff negotiated pricing adjustments tied to when the developer brings the project online; earlier in the year has more value because summer resource adequacy value is higher.

- Contract updates: The amendment updates resource adequacy language (slice‑of‑day provisions), clarifies commercial terms, and includes assignment language that would enable a prepayment or prepaid‑transaction structure in the future.

- Construction and community benefits: Staff showed photos of ongoing construction and said the developer has committed community benefits funding and a project labor agreement. Key said the project will create more than 800 jobs during construction, is covered by a PLA and that the developer committed about $500,000 to local community benefits.

Board action and comment

The board voted to approve the amended and restated renewable PPA for the Pelican Shaw project. Directors who registered votes on the record voted in favor; the item passed unanimously as called. Several directors praised staff negotiations and the project’s local benefit commitments.

Background and context

Key reminded the board that the PPA first came through a solicitation and that staff previously negotiated an expansion to have San Diego Community Power serve as the sole offtaker for the full project, which gave staff leverage to negotiate favorable pricing. Staff also said the project qualifies under safe‑harbor provisions tied to tax credits because construction has begun. The agency cited the project’s contribution toward long‑term renewable targets and mid‑term reliability planning.

Next steps

Staff will finalize contract documents and proceed with the amended agreement as approved by the board.","mediaType","Video","parentTitle","May 22, 2025 - SDCP Board of Directors Meeting","oneSentenceSummary","San Diego Community Power on May 2025 approved an amendment to the power purchase agreement for the Pelican Shaw solar‑plus‑storage project, a large renewable project that staff said is now in construction and could deliver material renewable energy, resource adequacy and carbon‑free attributes to the agency as early as late summer 2026.","taxTitle","San Diego Community Power, San Diego County, California","taxId",58530,"location","California","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},6226681,"San Diego Community Power previews $1.2 billion budget, proposes $21.4 million capital investment and $18.8 million solar‑battery program",1164,669000,1833000,"/Search/View?dp=1&key=3504049-4fce8b13e6fbf23ebf89efb1817d0e46&start=669&end=1833","https://assets.pipeline.soar.com/3504049-4fce8b13e6fbf23ebf89efb1817d0e46/thumbnail_669000.jpg","/articles/6226681/California/San-Diego-Community-Power-previews-12-billion-budget-proposes-214-million-capital-investment-and-188-million-solarbattery-program","https://secure.pipeline.soar.com/6226681-a99ed8ca6fa6a2d76d8e67c152a6d9c5/orig.mp4?Expires=1771114690&Signature=RiFVcwSlPrO6JAMbU45r8Rx55clYT1AN9ipvSHUw0iT-mlTPSvcBDC-3jHMJBrPcasDFFTGKz2Xk8ntQJiZ1VDYBSGMewBhrDKoKghkmLsdhO3TGfaxPBwK8gLe3TwAq0uh0oKKEihyhMKrysCJBtA7Om8-PYQEtP434PF~EFRzgi~Cvak0FH4rV0e2U5TNFadfwRpxL~3tu2VlDNEAwByQXvC9AEgK-iKZsgm9IdmqCgd~pOLmklko64c80xxb1vip2kGyQTPYLsgAFX2waDsst3tpi3UM5aMgMSjyhgBPwyirFhfQhS42shlMIiK6dUPNMqw5SJfhPK5JPYujtwg__&Key-Pair-Id=KUT5TJCACFTXG","San Diego Community Power on a May 2025 regular meeting at the Port of San Diego Administration Building received a preview of its draft FY2025–26 operating budget, the FY2025–26 capital budget and a FY2026–2030 capital investment plan and asked staff to return in June with a recommendation to adopt the budgets for the fiscal year beginning July 1.

The draft, presented by Timothy Nagamal, director of finance for San Diego Community Power, projects roughly $1.2 billion in revenue and proposes a one‑time transfer of about $21.4 million into the capital investment plan, including about $18.8 million proposed for a continuation of the agency’s solar‑battery savings program. \"This year's budget continues to grow reserves,\" Nagamal said as he summarized the document to the board.

Why it matters: the operating budget and capital plan fund the agency’s energy purchases and local programs and set staffing and reserve targets that affect rates and program continuity for customers. The board discussed market volatility, potential federal policy changes affecting tax incentives, and the need to protect vulnerable customers while the agency pursues longer‑term reserve and renewable goals.

Key facts and details

- Revenue and major line items: Nagamal said the packet reflects a revenue budget of about $1.2 billion. He told the board that cost of energy remains the largest single line (roughly 95% of the agency’s expenses) and that the draft shows a year‑over‑year decrease in the energy expense line of roughly $160 million compared with last year’s budget. Non‑energy operating expenses were described as roughly flat year‑over‑year.

- Reserves and net income: The presentation shows a planned net income contribution the finance team characterized as consistent with earlier projections and said the agency has a high likelihood of reaching the board’s 180‑day reserve target in the coming year if current assumptions hold. \"We do anticipate that we will hit that hundred 80 days,\" Nagamal said, noting reserves will ebb and flow with market conditions.

- Capital investment plan (CIP): The draft includes a proposed $21.4 million appropriation into the CIP for one‑time projects. The largest single CIP item in the packet is the solar‑battery savings program, with a proposed appropriation the presenter identified as about $18.8 million to continue the program this year.

- Solar‑battery savings program: Staff described the program as creating demand for local solar contractors and delivering grid and customer benefits by enabling battery discharge during evening peak hours. Public speaker Jake Marshall, manager of Green Tech Renewables, told the board the program helped local contractors survive a difficult market period and bolstered his business. \"So I am in heavy support of the solar battery savings program,\" Marshall said during public comment, adding that the program supported local jobs.

- Staffing and professional services: The draft would increase authorized full‑time positions to about 94, an increase of seven positions compared with the prior authorized level (87). Staff said some cost increases reflect positions hired in the current fiscal year that will be annualized in FY2025–26. The presentation and directors’ questions signaled a request for more detail on proposed new positions, comparable salary data, and a breakdown of professional services and consultant contracts.

Board discussion, concerns and direction

- Market and federal policy uncertainty: Directors asked how the budget accounts for volatility in energy markets and for potential federal changes to tax incentives (ITC/PTC). Staff said they model multiple scenarios, use conservative budgeting, and intend to rely on reserves and risk management tools to absorb shocks. Director Yamani requested a June update focused on federal policy impacts.

- Equity and customers with greatest need: Several directors pressed staff to show how budget choices and program funding will protect vulnerable customers, and to consider reallocating some outreach/marketing dollars to assist customers who need program navigation. Staff agreed to return with more detail on customer‑facing program budgets and outreach metrics.

- Follow‑up requests from directors: Directors asked staff to provide (1) a personnel detail showing new positions, duties and comparable salary data; (2) a spreadsheet of professional services/consultant contracts and costs; and (3) CIP priority sequencing for one‑time investments.

Public comment and stakeholder input

Jake Marshall, manager of Green Tech Renewables, spoke in support of the solar‑battery savings program and said the program had provided critical demand for local contractors during a transition period in the solar market. Several board members praised the Community Advisory Committee for continuing outreach and program feedback.

Decision and next steps

The board received the draft budget and CIP for review and comment (receive and file), and asked staff to return in June with a recommendation for adoption, plus the follow‑up materials requested by directors. Final adoption is scheduled for the board meeting next month; staff emphasized that the packet presented in May was a preview and not a final adopted budget.","San Diego Community Power on a May 2025 regular meeting at the Port of San Diego Administration Building received a preview of its draft FY2025–26 operating budget, the FY2025–26 capital budget and a FY2026–2030 capital investment plan and asked staff to return in June with a recommendation to adopt the budgets for the fiscal year beginning July 1.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},6226668,"San Diego Community Power signs EEI swap confirmation with Clean Power Alliance to enable future prepayment savings",372,4588000,4960000,"/Search/View?dp=1&key=3504049-4fce8b13e6fbf23ebf89efb1817d0e46&start=4588&end=4960","https://assets.pipeline.soar.com/3504049-4fce8b13e6fbf23ebf89efb1817d0e46/thumbnail_4588000.jpg","/articles/6226668/California/San-Diego-Community-Power-signs-EEI-swap-confirmation-with-Clean-Power-Alliance-to-enable-future-prepayment-savings","https://secure.pipeline.soar.com/6226668-a924226974eac0538ae3fcd25da09333/orig.mp4?Expires=1771114690&Signature=BL9SOghan6NYy-z5VzBwldDJt2cvu4CqjpvbyWmZyoLJpn~sf~JAEgebh7~ZSkoHzGNVvvI2UtlL8YPYvojH4~jebtmMERI51UILOLLnTnvnqAWiRmKKXmNS-m6nNOiypJtcZuujDVjpjTaaUegiaODbQos2oZ4ISVkGDfFQVDTO3qTD12RcvV~Fs-O1l3ch5c5QlF4pqZIxLQoN5XertO~Rniegkm4OI3CpHJIf-13GUhV~hyEllqi797xoO8H3x1EBtkxDjb~Uoa5TyXvNRhhzqZ1~ELw1jV1pjrBCLoxpG0jtKOvQesSV8YPaP-0mnQwV8Kb2Rwr2nZJ052iHag__&Key-Pair-Id=KUT5TJCACFTXG","San Diego Community Power on May 2025 approved a set of contract documents (EEI master agreement confirmation and collateral annex) with Clean Power Alliance of Southern California to enable a voluntary allocation market offer (VAMO) swap of annual renewable volumes between the two agencies. Andrea Torres, director of origination, said the agreement is intended to enable both agencies to include swapped volumes in future prepayment transactions that can lower costs for customers.

What staff told the board

Andrea Torres said the swap would exchange product on a megawatt‑hour‑for‑megawatt‑hour basis from annual volumes that each agency currently receives under utility contracts. The swap is a ten‑year arrangement commencing in July that staff said will not change either agency’s underlying renewable portfolio but will enable joint access to prepaid financing mechanisms. \"We anticipate that as we include the VAMO volumes in a prepaid transaction that it will really result in material cost savings, with our customers,\" Torres said.

Why it matters

Torres and staff said the VAMO swap is a prerequisite to packaging certain annual volumes into a prepaid structure funded by tax‑exempt financing — a mechanism other California CCAs have used to reduce long‑term supply costs. Staff emphasized there is no immediate fiscal impact from signing the EEI confirmation itself; the savings would come if and when the parties include swapped volumes in a prepaid transaction and secure financing.

Contract details and scope

- Swapped product and volume: Staff described the swap as covering PV‑only renewable energy and associated renewable energy attributes and said initial swapped volumes start in the 720 GWh/year range and could approach about 1,000 GWh/year as additional volumes are included.

- Term and settlements: The swap confirmation is structured for a ten‑year term starting in July; under the structure each CCA would retain CAISO settlement revenues associated with the energy and pay an identical direct price for the swapped product so there is no net change to their portfolios of renewable attributes.

Board action and next steps

The board voted to approve the EEI master agreement confirmation and collateral annex with Clean Power Alliance. Staff said the approval enables the agencies to pursue prepaid financing opportunities; staff will return with specifics if they pursue a prepaid transaction and will present potential customer savings estimates at that time.

Background

Torres briefed the board on the broader prepayment practice; staff called it a tool used by other California CCAs, where prepayment can be funded by tax‑exempt municipal financing to reduce the after‑tax cost of long‑term renewable contracts. Staff framed the swap as a mechanism to give the parties a broader and more flexible pool of annual volumes that can be included in that toolkit, while keeping underlying renewable accounting intact.","The board approved an EEI master agreement confirmation and collateral annex with Clean Power Alliance to enable a voluntary allocation market offer (VAMO) swap of annual renewable volumes, a step staff said is needed to include those volumes in future prepaid transactions that can lower long‑term costs for customers.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},6226673,"Board approves amendment to Noble project PPA to accommodate interconnection and permitting delays; negotiates greater developer security",270,3470000,3740000,"/Search/View?dp=1&key=3504049-4fce8b13e6fbf23ebf89efb1817d0e46&start=3470&end=3740","https://assets.pipeline.soar.com/3504049-4fce8b13e6fbf23ebf89efb1817d0e46/thumbnail_3470000.jpg","/articles/6226673/California/Board-approves-amendment-to-Noble-project-PPA-to-accommodate-interconnection-and-permitting-delays-negotiates-greater-developer-security","https://secure.pipeline.soar.com/6226673-46d28a61f31338eae855466a34e09179/orig.mp4?Expires=1771114690&Signature=UYTk9ChkmdczhoAfBvhbmMPSTMxb~p5q~47h83WJWAdj0wFTTrvLimopT3~zDhalj9U5rE8nYfCJ2LBjwYvR8A7uNTb46nkyCUcV30CrHDYI91Rp5YJTVQ6hK-LPvkgLzfs-hAc8TsNgUXJ4mVp4JIJZqXcAWO6SLh1FZMMX6BIGc3x16UNcY771O5Ud0Ao8MmQvLrvuFInIKEeG172UX1SXDM~VlejLEBp~28fy8JZ1jUISsiKItgmphUjeipVTYcVid0GMmvpLLgFkHUjTAAeJAurabWlOIbmky41HQneFauAR8U6F5-oNCFIgGi17QchtJ3sSPQEV3NGoPsTOTA__&Key-Pair-Id=KUT5TJCACFTXG","San Diego Community Power on May 2025 approved an amendment to its power purchase agreement for a large solar‑plus‑storage project (referred to in the meeting as the Noble project) to accommodate schedule risks the presenter said were outside the developer’s control while adding protections for ratepayers.

Kenny Key, director of power contracts, told the board the developer requested a change to the guaranteed commercial operation date because of two primary delays: network upgrade schedules for interconnection had moved later in the regional queue and a pause in Bureau of Land Management (BLM) permitting. Key said the amendment moves the COD by about one year to allow for those external delays.

Why it matters: the project represents a large capacity addition to the agency’s long‑term portfolio. Because the agency is the sole offtaker, staff said the board needed to balance keeping the project viable with protecting ratepayer interests if the project does not reach COD.

What the amendment does

- COD and reasons: The amendment shifts the original COD (recorded in the contract as June 27) to a later date (a one‑year modification was described), reflecting interconnection network upgrades that were delayed and an active pause in BLM permitting.

- Increased developer security: To protect ratepayers, staff said they negotiated a higher development security amount (letters of credit or cash) and increased the pre‑commercial operations liability cap so that the agency would be better compensated if the project ultimately failed to reach COD.

- Community benefits timing: Staff said the developer had previously committed $2 million to community benefits; as part of the amendment the developer agreed to accelerate payment timing so that $1 million becomes payable at the end of year 1 and another $1 million at the end of year 3 of the contract term if the project reaches specified milestones.

Board action and comment

The board voted to approve the amended and restated PPA for the project. Directors commented on the job creation and labor agreements tied to the project; one director asked for a closed‑session briefing on the portfolio risk and protections.

Background and context

Key emphasized that the agency’s finance and legal teams reviewed the amendment and that staff sought to preserve the original price while adding additional security. He said this amendment did not ask the board to accept a price increase but addressed timing and added contractual protections to mitigate portfolio risk associated with a large single project.

Next steps

Staff will finalize and execute the amended contract and continue to monitor permitting and interconnection milestones. The board asked staff to provide additional risk‑management materials to directors, including further detail on letters of credit and how damages would be accessed in worst‑case scenarios.","San Diego Community Power approved an amendment to a large solar‑plus‑storage PPA (referred to as the Noble project) that shifts the guaranteed commercial operation date to accommodate interconnection network upgrades and a pause in Bureau of Land Management permitting. Staff negotiated higher development security and a larger pre‑commercial‑ops","actionData","errors"]

Article not found

Board approves amended Pelican Shaw solar and battery PPA; project to supply about 8–10% of load if online in 2026

San Diego Community Power previews $1.2 billion budget, proposes $21.4 million capital investment and $18.8 million solar‑battery program

San Diego Community Power signs EEI swap confirmation with Clean Power Alliance to enable future prepayment savings

Board approves amendment to Noble project PPA to accommodate interconnection and permitting delays; negotiates greater developer security