Item 4 PRESENTATION SILICON VALLEY CLEAN ENERGY FY 2018-19 BUDGET PRIORITIES Donald Eckert Director of Finance & Administration
Item 4 PRESENTATION Roadmap May Budget Priorities June Reserve July Policy Update to Strategic Plan & Proposed Sept Budget Adoption of FY 2018-19 Budget SILICON VALLEY CLEAN ENERGY
Item 4 PRESENTATION Target = The Mission “Reduce dependence on fossil fuels by providing carbon free, affordable and reliable electricity and innovative programs for the M £ SVCE community.” C JH * Power Supply Finance & Admin. Programs Acct Svcs/Outreach Regulatory & Leg. SILICON VALLEY CLEAN ENERGY
Item 4 PRESENTATION ACCOUNT SERVICES & OUTREACH Program marketing & delivery • Marketing strategy development • Customer web portal for • J k PRODUCTS r electrification & de-carbonization resources and tools Target community outreach • Ongoing support of customer • advisory functions SILICON VALLEY CLEAN ENERGY
Item 4 PRESENTATION POWER SUPPLY • Unhedged energy positions will be priced at PCC1 prices. No new PCC2 until AB1110 certainty. ~$4 million of incremental costs. • Resource Adequacy fully hedged. • Summer/Fall 2018 – DER RFO • Fall 2018 – RPS RFO (?) SILICON VALLEY C L E A N E N E R G Y
Item 4 PRESENTATION FINANCE & ADMINISTRATION • Reserves • Organizational chart – Phase 2 • Facility changes • Rates • Attract and retain employees (benefits) SILICON VALLEY CLEAN ENERGY
Item 4 PRESENTATION LEGISLATIVE & REGULATORY • PCIA decision • Resource Adequacy decision • Bond methodology decision • CalCCA support • Green Book • Active with legislators and regulators • Contingency for the unknown SILICON VALLEY CLEAN ENERGY
Item 4 PRESENTATION DECARBONIZATION & GRID INNOVATIONS • Hire staff • Develop roadmap • Launch programs • Change to funding formula possibly • Grants SILICON VALLEY CLEAN ENERGY
Item 4 PRESENTATION Thank You SILICON VALLEY CLEAN ENERGY
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