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

Silicon Valley Clean Energy Mission: to reduce dependence on fossil fuels by providing carbon free, affordable and reliable electricity and innovative programs Cam pbell | Cupertino | Gilroy | Los Altos | Los Altos Hills | Los Gatos | Monte Sereno Milpitas | Mountain View | Morgan Hill | Santa Clara County | Saratoga | Sunnyvale

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

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 $ 1a) $100 bill credit to all residential CARE/ FERA $2.5 million customers Custom er Relief 1b) $250 bill credit to qualifying and responding small $1.0 million business customers 2a) Workforce Electrification Training with $500 stipend $1.0 million W orkforce Relief 2b) Workforce Home Electrification Installation $0.5 million 3a) Resiliency Infrastructure Planning Support $1.0 million Com m unity Resiliency 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 . o Over 24,000 customer accounts currently with CARE/ FERA . o 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 o 4,000 credits to businesses who qualify and apply . o 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 . o Five self-paced online courses focused on building electrification technologies .. o 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 . o Up to $3,000 incentive for installation of batteries, heat pump water heaters, heat pump furnace, electric stovetops, EV chargers . o Installation at their residence or workplace .

3 ) Com m unity Resilience Program s Objectives: . • Increase community resilience • Support local job creation • Accelerate grid decarbonization

3 a) Com m unity Resilience: Regional Planning & Technical Assistance -$ 1 Million • Regional tools to aid communities in the planning and technical aspects of resilience projects . o SVCE to provide centralized contracting for partners providing assistance and planning .. o Funding distributed based on load allocation of member agencies

3 b) Com m unity Resilience: Capital Support $ 4 Million • Local grants for shovel-ready resilience projects . o Projects can include energy storage, capacity etc. .. o Funding distributed based on load allocation of member agencies

Questions?