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SFPUC previews Clean Power SF term sheet; staff seeks authority to finalize Shell deal, cites financial and regulatory hurdles
Summary
Assistant General Manager Barbara Hale told commissioners the SFPUC will present a term sheet with Shell on July 26 and seek Board of Supervisors appropriations; staff projects an initial pool of roughly 230,000 formally‑notified accounts and expects about 75,000 accounts (roughly 30 MW) to remain enrolled. Key outstanding issues include reserves, performance bond requirements from the CPUC, and how to stage opt‑outs.
Assistant General Manager Barbara Hale updated the San Francisco Public Utilities Commission on Clean Power SF negotiations and a schedule that would send a term sheet and business terms with Shell to the commission on July 26 and then to the Board of Supervisors for approval.
Hale said staff expects to offer service to roughly 340,000 residential accounts in the city and to formally notify an initial cohort of about 230,000 accounts under the state’s opt‑out process. From that initial formal notice, staff’s survey-based projection is that about 75,000 account holders — representing roughly 30 megawatts of load — would remain enrolled. Under current state rules, customers who opt out are restricted from rejoining for three years.
Hale…
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