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PUC seeks extended delegated authority, raises power procurement caps to $300 million
Summary
The Budget & Finance Committee voted to forward to the full Board a proposed amendment to San Francisco Administrative Code section 21.43 extending the SFPUC general manager's delegated authority for energy procurements through June 30, 2030, and raising annual purchasing limits from $200 million to $300 million and the annual sales revenue limit (
The San Francisco Public Utilities Commission asked the Budget & Finance Committee on Feb. 12 to recommend an ordinance extending and expanding a delegated authority that allows the PUC’s power enterprise to buy and sell electricity and related products at commercial pace.
Julia Olguin, Director of Power Origination and Supply for the PUC, explained the amendment would extend Administrative Code section 21.43 through June 30, 2030, raise the annual purchase cap for contracts executed under the delegation from $200 million to $300 million, and increase the annual revenue cap for sales from $20 million to $300 million. The change would also broaden the…
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