FY 2018-19 BUDGET PRIORITIES Donald Eckert Director of Finance - - PowerPoint PPT Presentation

FY 2018-19 BUDGET PRIORITIES

Donald Eckert Director of Finance & Administration

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SILICON VALLEY

CLEAN ENERGY

Roadmap

Sept Adoption of FY 2018-19 Budget July Update to Strategic Plan & Proposed Budget June Reserve Policy May Budget Priorities

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SILICON VALLEY

CLEAN ENERGY

“Reduce dependence on fossil fuels by providing carbon free, affordable and reliable electricity and innovative programs for the SVCE community.”

Target = The Mission

Power Supply Finance & Admin. Acct Svcs/Outreach Regulatory & Leg. Programs

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SILICON VALLEY

CLEAN ENERGY

• Program marketing & delivery
• Marketing strategy development
• Customer web portal for

electrification & de-carbonization resources and tools

• Target community outreach
• Ongoing support of customer

advisory functions

ACCOUNT SERVICES & OUTREACH

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PRODUCTS

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SILICON VALLEY

CLEAN ENERGY

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 (?)

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SILICON VALLEY

C L E A N E N E R G Y

FINANCE & ADMINISTRATION

• Reserves
• Organizational chart – Phase 2
• Facility changes
• Rates
• Attract and retain employees (benefits)

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SILICON VALLEY

CLEAN ENERGY

LEGISLATIVE & REGULATORY

• PCIA decision
• Resource Adequacy decision
• Bond methodology decision
• CalCCA support
• Green Book
• Active with legislators and regulators
• Contingency for the unknown

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SILICON VALLEY

CLEAN ENERGY

DECARBONIZATION & GRID INNOVATIONS

• Hire staff
• Develop roadmap
• Launch programs
• Change to funding formula possibly
• Grants

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SILICON VALLEY

CLEAN ENERGY

Thank You

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SILICON VALLEY

CLEAN ENERGY