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LAFCO hears SFPUC budget shortfall, advances draft RFP to study local energy buildout
Summary
LAFCO members heard that SFPUC staff expect a multiyear budget imbalance and that roughly $19 million is held in reserve; commissioners and advocates urged a joint PUC–LAFCO review and supported an RFP to hire a consultant to craft a manageable local energy buildout plan with options that include and exclude Shell.
San Francisco Local Agency Formation Commission members pressed the San Francisco Public Utilities Commission on Jan. 24 for verification of budget shortfalls affecting the Clean Power SF community choice aggregation (CCA) program and advanced a draft request for proposals to study local energy buildout.
Barbara Hale, assistant general manager for power at the SFPUC, told the commission the power enterprise is facing unanticipated capital needs and higher-than-expected transmission and distribution costs and said the utility was "presently projecting to be out of balance by fiscal year 'sixteen-'seventeen." Hale also stated that roughly $19 million (later referenced as $19.5 million in discussion) is "on reserve and unexpendable by the PUC." She said SFPUC staff have been directed to focus on restoring the utility's financial position.
LAFCO comm…
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