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SFPUC details CCA plan, finance questions and risk triggers ahead of proposed 2012 launch
Summary
San Francisco Public Utilities Commission staff updated the commission on Community Choice Aggregation (CCA) plans including a proposed phased launch (75,000 customers / 30 MW), a proposed $19.5 million appropriation with a $15 million escrow for supplier security, and outstanding issues such as the CPUC performance bond and rate impacts (~$7/month average premium).
San Francisco Public Utilities Commission staff on Tuesday outlined next steps and financial assumptions for the city's proposed Community Choice Aggregation (CCA), emphasizing policy tradeoffs and several contingency triggers before any final contract would be signed.
Mike Campbell, director of the PUC's CCA program, said staff intends to phase the program to reduce risk, targeting an initial 75,000 customers (roughly 30 megawatts of average load) offering a 100 percent renewable product and aiming to launch in mid‑2012. "We're talking about mitigating some of the risk by phasing the program with an initial target of 75,000 customers," Campbell said.
Why it matters: the presentation set out how the first phase would be funded and what would happen if the program underperforms. Staff said the city would need an appropriation in the neighborhood of $19.5 million to start the 30 MW phase; of that amount about $15 million would be held in an…
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