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LAFCO hears SFPUC staff on Clean Power SF term sheet as SFPUC delays vote; commissioners urge joint meeting
Summary
SFPUC staff summarized the Clean Power SF term sheet and ongoing negotiations with Shell, while the SFPUC commission declined to vote; LAFCO commissioners pressed for an August special meeting or a joint session and said they will send a letter urging prompt SFPUC action.
San Francisco Local Agency Formation Commission Chairperson Campos heard a presentation from Mike Campbell, director of the Community Choice Aggregation (CCA) program known as Clean Power SF, detailing a term sheet under negotiation for wholesale power supply and program design.
Campbell told the commission the program is being developed as a 100% renewable product and that staff is negotiating a wholesale supply and scheduling arrangement with Shell Energy. He described an approximately 4.5‑year supply term with prices specified year‑by‑year and a modest rate‑stabilization surcharge—about $2 per megawatt‑hour—proposed to build reserves for short‑term price fluctuations.
Why it matters: the term sheet governs how the city will buy power, manage price…
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