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SFPUC approves Clean Power SF launch steps amid worries over PG&E exit fee
Summary
The San Francisco Public Utilities Commission approved resolutions to move forward with Clean Power SF — including urging the CPUC to reject PG&E's proposed PCIA increase, authorizing a $4 million working‑capital addition, and a standby letter of credit — while flagging financial risks if the state's PCIA ruling stands.
The San Francisco Public Utilities Commission voted to advance key steps for Clean Power SF, a city‑run community choice aggregation program, while warning that a proposed increase in PG&E’s Power Charge Indifference Adjustment (PCIA) could erode early program margins.
Staff said the business plan remained intact so long as Clean Power SF can offer generation rates at or below PG&E’s; if the California Public Utilities Commission adopts PG&E’s proposed PCIA increase on Dec. 17, the program would lose an estimated $8.4 million in revenues over its first five years and would require adjustments to reserves or phasing. ‘‘If we can’t deliver the program equal or less than PG&E, we will have to pause,’’ told the Commission (staff presentation).
The Commission approved a package of actions including (a) a resolution urging the CPUC to reject PG&E’s…
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