Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Clean Power Sf topic
No spam. Unsubscribe anytime.
PUC approves supplier pool and conditional contracting authority to expand Clean Power SF
Summary
The commission approved a staff request to certify a pool of renewable suppliers and conditionally authorize contract execution to support Clean Power SF’s citywide enrollment. Staff will present a program risk assessment and projected supply costs before final contract awards.
The San Francisco Public Utilities Commission on Nov. 14 approved staff’s recommendation to select a pool of qualified renewable energy suppliers and to grant conditional authority for the general manager to negotiate and execute supply contracts to support Clean Power SF’s next enrollment phase.
Michael Himes, Clean Power SF staff, told commissioners the procurement plan follows the program growth strategy adopted earlier in the year and seeks to secure forward supply to serve an anticipated full‑city demand. Staff proposed constraints on the contracting authority including a combined forward procurement volume that will not exceed approximately 343.5 megawatts of average annual demand and an annual contract cost cap of $175 million; contract durations would be limited to three years for shaped energy and up to 25 years for renewable energy contracts.
Himes said staff will return with a full program pro forma, cost and revenue projections and a portfolio risk assessment before execution of supplier contracts. "We will present our risk assessment for the proposed portfolio of contracts back to the commission prior to execution," Himes said.
Commissioners supported the approach but emphasized the need for a robust risk management plan, citing the program’s scale and the possibility of long‑term contracts. Commissioner questions focused on credit support, contract durations and the process for board of supervisors approval when required.
If all approvals proceed on schedule, staff plans an initial phase‑2 citywide enrollment cutover in July 2018 (about 150,000 new customers) and broader citywide enrollment through 2019, contingent on finalized rates and supply contracts. Himes said the staff will seek board of supervisors approval where necessary for certain contracts and for any required credit facility.
