Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Clean Power Sf topic
No spam. Unsubscribe anytime.
SFPUC says Shell collateral renegotiated, frees $6M for Clean Power SF incentives and studies
Summary
SFPUC staff told LAFCO that Shell agreed to reduce escrow collateral from $15 million to $7 million, freeing roughly $6 million within a $19.5 million appropriation to fund energy-efficiency incentives, solar incentives and local-buildout studies if the Clean Power SF program launches; commissioners and public commenters also pressed a contractor (Local Power) for missing deliverables.
Michael Campbell, a San Francisco Public Utilities Commission staff member presenting to the Local Agency Formation Commission, said the city renegotiated terms with Shell that cut escrow collateral for the Clean Power SF contract from $15,000,000 to $7,000,000.
“That reduction and the adjustment in the security account frees up about $6,000,000 from the initial $19,500,000 appropriation,” Campbell said. He said the SFPUC proposes using that $6 million to seed program launch with $2,000,000 for energy-efficiency incentives, $2,000,000 for go-solar incentives for participating Clean Power SF customers and $2,000,000 for studies to accelerate local build-out, all contingent on the program starting.
Campbell also said regulatory proceedings at the California Public Utilities Commission were “status quo” and that the Board of Supervisors was scheduled to consider related legislation in a first hearing tentatively set for Sept. 12, with an informational hearing tentatively scheduled for Sept. 13.
Commissioners pressed SFPUC staff about project management and contractor deliverables. Commissioner Schmeltzer said a technical working group that had been meeting to review deliverables from Local Power had canceled several meetings and that no work product had been submitted in about three months. “Do we have a time estimate of when Local Power might actually submit something?” Schmeltzer asked. Campbell confirmed the financial model that drives many deliverables remained outstanding and said he had not been given a firm delivery date.
Jason Fried, LAFCO staff, told the commission there would also be informational oversight hearings in September and said he would keep the commission informed of scheduling.
Public commenters urged continued attention to the program and to regular engagement with Local Power while deliverables were pending. Eric Brooks of the San Francisco Green Party and the grassroots group Our City said advocates want more regular meetings with Local Power and urged preserving SFPUC leadership he described as important to the local-buildout emphasis.
The update was presented as an informational item; no formal LAFCO action was taken on Clean Power SF during the meeting. LAFCO staff said they would monitor progress and report back to the commission as hearings and approvals proceed.
