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SFPUC workshop outlines Clean Power SF growth plan, flags PCIA and lockbox tradeoffs
Summary
Staff presented a growth plan workshop for Clean Power SF reporting strong enrollment and a strategy to accelerate citywide rollout while weighing financing options (letter of credit vs. lockbox), PCIA/regulatory uncertainty, and pathways to increase local renewable build‑out; commissioners and public urged faster moves to local projects and higher renewable content.
Clean Power SF staff told the San Francisco Public Utilities Commission on Monday that the community choice aggregation program has enrolled thousands of customers and is preparing a detailed growth plan to speed expansion while managing financial and procurement risks.
Assistant General Manager Barbara Hale and Clean Power SF Director Mike Himes said the program is serving new customers from recent fall enrollments and expects roughly 73,000 customer accounts once the current phase is complete, with an opt‑out rate near 1.5 percent for that group. Staff reported the program launched in May 2016 and has secured start‑up financing including an $8 million working capital loan and a $17 million letter of credit provided by JPMorgan to back power‑supply transactions.
Why it matters: commissioners and public commenters said accelerating local renewable development and raising program green content are central to…
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