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SFPUC Presents 'Clean Power SF' Term Sheet, Seeks $19.5M Collateral for Initial Phase
Summary
SFPUC presented a phased Community Choice Aggregation plan: a conservative initial enrollment (50,000–75,000 residential accounts), a 4.5‑year supplier contract to deliver 100% renewable power, and a proposed $19.5 million appropriation (including $15M escrow) to secure supplier obligations and a $4M reserve.
The committee received a structured presentation from the San Francisco Public Utilities Commission on the proposed Community Choice Aggregation (CCA) program, branded Clean Power San Francisco.
General Manager Harrington and SFPUC staff explained the program goals, market context and the proposed term sheet. SFPUC said the program will initially enroll 50,000–75,000 residential accounts (an estimated 20–30 megawatts), offer a 100% renewable generation product from day one, and rely on an initial 4.5‑year contract with Shell Energy North America for supply and Noble for customer service…
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