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PUC reviews Clean Power SF contract terms; staff outlines 51% green target and borrowing plan
Summary
Staff briefed the commission on high-level contract terms for Clean Power SF (a Community Choice Aggregation program): initial three-year price caps, rates set equivalent to PG&E initially with a small generation premium, a 51% green-resource target within 10 years, and a vendor-borrowing option to smooth early rates.
The commission received a detailed briefing on Clean Power SF, the city’s Community Choice Aggregation (CCA) program, including key contract features, rate mechanics and next steps in concurrent city review. Barbara Hale, assistant general manager for power, said the program’s contract with PCI (vendor) would initially set rates equivalent to PG&E’s generation charge and include a three-year price cap; over time the program targets 51% green resources by the 10th year and plans to increase local renewable content as new city resources come online.
Hale explained one financing tool in the contract: an initial rate deferral or borrowing mechanism that would…
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