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SFPUC advances Clean Power SF business plan, authorizes staff to seek BOS approvals and additional loans
Summary
Commission reviewed Clean Power SF’s business plan and policy recommendations (50 MW launch projecting $36M annual revenue; 400 MW full enrollment ~$290M), approved measures to set fund structure and up to $8M of internal loans while staff negotiates supplier contracts, and adopted policy direction on product content, phasing and reserves.
The San Francisco Public Utilities Commission on Friday reviewed and approved a package of policy steps and financing authorizations to advance Clean Power SF, the city’s proposed Community Choice Aggregation program.
Barbara Hale, Assistant General Manager for Power, presented the business plan and risk assessment. Staff modeled an initial enrollment case at about 50 megawatts with $36 million in annual revenue and a full enrollment case at about 400 megawatts with roughly $290 million in annual revenue. The recommended base green product targets 35% renewable content at rates at or below PG&E's generation rate; a 100% "super green" product is proposed at a higher rate.
Staff…
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