Providing Com m unity I m pact in Tim es of COVI D-1 9 May 1 9 , 2 - - PowerPoint PPT Presentation

Providing Com m unity I m pact in Tim es of COVI D-1 9

May 1 9 , 2 0 2 0 Girish Balachandran, CEO

Cam pbell | Cupertino | Gilroy | Los Altos | Los Altos Hills | Los Gatos | Monte Sereno Milpitas | Mountain View | Morgan Hill | Santa Clara County | Saratoga | Sunnyvale

Mission: to reduce dependence on fossil fuels by providing carbon free, affordable and reliable electricity and innovative programs

Silicon Valley Clean Energy

Com m unity & I ndustry I m pact

2 7 0 ,0 0 0 + households and businesses receiving clean electricity from carbon-free sources $ 2 8 .7 m illion in electricity savings for customers, $ 5 2 .7 m illion in savings since SVCE’s start 5 3 7 .9 m illion pounds GHG emissions avoided and 1 9 .8 % reduction in overall emissions from 2015 $ 9 7 0 + m illion commitment to new renewables, and local programs for transportation and building electrification

Providing I m pact Moving Forw ard

Need/ Equity Speed Near-term Materiality Mission-Aligned Fairness Longer-term Value Seeking to Balance Multiple Goals in Light of COVI D

Program s in Response to COVI D-1 9 : Customer Relief & Community Resilience

$ 1 0 Million for Custom er Relief & Com m unity Resilience Program s

The programs will include direct support for:

• Income-qualified CARE/ FERA customers
• .
• Local small businesses

.

• Contractor workforce through online electrification training

.

• Member communities through energy resilience projects

.

Program Outline

Program Estim ated $

Custom er Relief

1a) $100 bill credit to all residential CARE/ FERA customers $2.5 million 1b) $250 bill credit to qualifying and responding small business customers $1.0 million

W orkforce Relief

2a) Workforce Electrification Training with $500 stipend $1.0 million 2b) Workforce Home Electrification Installation $0.5 million

Com m unity Resiliency

3a) Resiliency Infrastructure Planning Support $1.0 million 3b) Resiliency Infrastructure Capital Project Support $4.0 million

1 ) Custom er Relief Program s

Objectives:

.

• Provide immediate relief to vulnerable

residential populations

• Provide support to local small business

community

1 a) Residential Bill Credits – $ 2 .5 Million

• $100 Bill Credit for Residential

CARE/ FERA customers

.

• Over 24,000 customer accounts

currently with CARE/ FERA

.

• Increments of $50 on-bill credits,

automatically applied for June & July statements

.

1 b) Sm all Business Bill Credits- $ 1 Million

• $250 Bill Credit for Small

Business commercial accounts

• 4,000 credits to businesses

who qualify and apply

.

• Letters will be sent to

approximately 10,000 customers

2 ) W orkforce Relief Program s

Objectives:

.

• Provide immediate financial relief to

contractor workforce

• Expand awareness of electrification

technologies & provide valuable training

2 a) W orkforce Relief: Contractor Training - $ 1 .5 Million

• Provide $500 relief stipend to licensed

contractors, apprentices & journeymen workforce upon completion of training

.

• Five self-paced online courses

focused on building electrification technologies

..

• Delivered through local community

college platform

2 b) W orkforce Relief: I nstallation I ncentive $ 0 .5 Million

• Allow participants in the training to

apply electrification knowledge

.

• Up to $3,000 incentive for

installation of batteries, heat pump water heaters, heat pump furnace, electric stovetops, EV chargers

.

• Installation at their residence or

workplace

.

3 ) Com m unity Resilience Program s

Objectives:

.

• Increase community resilience
• Support local job creation
• Accelerate grid decarbonization

• Regional tools to aid communities in the

planning and technical aspects of resilience projects

.

• SVCE to provide centralized

contracting for partners providing assistance and planning

..

• Funding distributed based on load

allocation of member agencies

3 a) Com m unity Resilience:

Regional Planning & Technical Assistance -$ 1 Million

3 b) Com m unity Resilience: Capital Support $ 4 Million

• Local grants for shovel-ready resilience

projects

.

• Projects can include energy storage,

capacity etc.

..

• Funding distributed based on load

allocation of member agencies

Questions?