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SFPUC presents not‑to‑exceed rates for Clean Power SF; commissioners ask for scenario analyses tying rates to local buildout funding
Summary
PUC staff presented a not‑to‑exceed residential generation rate of $0.1457/kWh (cost of service $0.1409/kWh) that implies a premium over PG&E’s 2013 generation rate; commissioners asked staff for multiple scenarios showing how choices on renewable product mix, reserve repayment terms and care‑customer participation would alter rates, available funding and bonding capacity for local buildout.
The San Francisco Public Utilities Commission’s financial team presented proposed not‑to‑exceed rates for Phase 1 of Clean Power SF and described policy levers staff can use to balance affordability with funds for local investment.
"The cost of service is $0.1409 per kilowatt hour," Crispin Hollings, Director of Financial Planning, told the joint meeting. Hollings said the proposed not‑to‑exceed basic residential rate shown to commissioners is $0.1457 per kWh for 2013, producing a generation premium of roughly $0.0669 per kWh compared with a 2013 PG&E generation rate of $0.0788 per kWh.
Hollings translated the premium for an average Tier 1 residential customer into a monthly impact of about $10.24 and emphasized that procurement costs (including…
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