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SFPUC reports stable financials for FY18, Clean Power SF enrollment and regulatory risk update
Summary
SFPUC staff reported FY18 pre-audit positive net results across enterprises, noted Clean Power SF retains ~97% of customers with 3.1% cumulative opt-out and ~3,672 Super Green customers, and presented the capital financing plan and planned debt transactions; staff said California PUC action on PCIA/exit-fee methodology has been delayed to Oct. 11.
At the Sept. 25 meeting the San Francisco Public Utilities Commission received routine but consequential updates on Clean Power SF, capital financing and the quarterly fiscal report.
Barbara Hale, assistant general manager for power, said Clean Power SF continues to enroll customers and to retain a high participation rate. She reported a cumulative opt-out rate of 3.1 percent (about 97 percent retention) and said approximately 3,672 customers have elected the "Super Green" 100-percent renewable option; another enrollment batch in October is expected to add roughly 1,600 customers (including customers on…
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