San Francisco commissions forward CCA term sheet, approve 20–30 MW bracket and $19.5M collateral plan

The San Francisco Local Agency Formation Commission and the San Francisco Public Utilities Commission voted on Tuesday to forward an updated Community Choice Aggregation (CCA) term sheet to the mayor and Board of Supervisors, endorsing a 20–30 megawatt initial enrollment bracket and a $19.5 million collateral package that staff said is required before contract finalization.

Commission leaders said the action does not finalize a contract but sends a recommended term sheet and proposed financing parameters to the Board of Supervisors for policy decisions. "We are sending forward a recommendation, for a proposed term sheet with the understanding that any action that's taken today is not a final action," Chair David Campos said, describing the vote as the next step in a multi‑stage approval process.

Why it matters: The term sheet sets key commercial and financial guardrails for San Francisco's Clean Power SF CCA program — including supplier contracting, customer enrollment strategy and protections the city will use to limit exposure to market risk. The package aims to let the city start with a measured enrollment while staff continues work on a local build‑out of renewable generation and on final contracting details.

What the commissions approved: Staff described the recommended commercial terms and financial safeguards during a joint meeting. Key elements include: a…