Peninsula Clean Energy Board of Directors Mee7ng · 8/24/2017 · 2016 Power Content Label 23 –...
Transcript of Peninsula Clean Energy Board of Directors Mee7ng · 8/24/2017 · 2016 Power Content Label 23 –...
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PeninsulaCleanEnergyBoardofDirectorsMee7ng
August24,2017
June23,2016
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AgendaCalltoorder/RollcallPublicCommentAc7ontosettheagendaandapproveconsentitems
Agenda
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1.ChairReport(Discussion)
RegularAgenda
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RegularAgenda
2.CEOReport(Discussion)
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Recruiting Update
• WehavehiredaDirectorofFinanceandAdministra=on– ExpectedstartdateofSeptember23
• Abouttohire:– Marke=ngAssociate– OutreachFellows(2)
• Pos=ngforRegulatoryAnalystclosesAugust31
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PCE Updates
• Wehavemoved!– MovedinonAugust1– Newaddress:2075WoodsideRoad,RedwoodCity
• SelectedPisen=&Brinkerasourauditor – WillconductFY16andFY17auditsnow;FY18andFY19infuture
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PCE Board Retreat - Overview
• ReplacesSeptember28boardmee=ng• WillbeheldatnewPCEoffices–9amto2pm• Tenta=vediscussionitems:– IntegratedResourcePlan– LocalProgramDevelopmentCriteria– Marke=ngStrategy– PCEOrganiza=onsandStaffingPlan
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Regular Agenda
3.Ci7zensAdvisoryCommiLeeReport(Discussion)
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Regular Agenda
4.Marke7ngandOutreachReport(Discussion)
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Regular Agenda
5.DirectPCEStafftopursueGreen-eCer7fica7on(Ac7on)
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Regular Agenda
6.DirectPCEStafftopursuepar7cipa7oninTheClimateRegistryasameansofbeLerservingourlargecustomerswhouseagreenhousegas
accoun7ngprotocol(Ac7on)
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Regular Agenda
7.AdopttheSchedule“S”StandbyRate(Ac7on)
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8.RegulatoryandLegisla7veReport(Discussion)
July27,2017
JosephWiedmanSeniorRegulatory/Legisla=veAnalyst
Joseph
June23,2016
Regular Agenda
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8.RegulatoryandLegisla7veReportAugust24,2017
JosephWiedman
SeniorRegulatory/Legisla=veAnalyst
Joseph
June23,2016
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AugustRegulatoryAc7vi7es
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– “August”Filings• CalCCAfiledCommentsonPCIAOIRonJuly31stinR.17-06-026(PCIAOIR).
• CalCCAfiledTes7monyonJuly28thinR.03-10-003(CCABondMethodology).
• CalCCAfiledCommentsonJuly31stinDocketNo.16-OIR-05(AB1110Implementa=on).
– OtherRegulatoryAc=vi=es• July27th–CPUCworkshoponIRPmodeling.JosephWiedmanandEricWieneragended.
• July31st– CalCCAmee=ngregardinglegisla=vestrategy.JosephWiedman,JanPepper,DavePineandDavidBurritoagended.
• August3rd– CalCCAmetwithComm.PetermantodiscussPCIAOIR.JanPepperandJosephWiedmanagended.
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AugustLegisla7veAc7vi7es
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– August23rd–SenateEnergy,U=li=es&Communica=onshearingonCCAstatusandgrowth.GeofSyphersrepresentedCalCCA.JosephWiedmanagended.
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Regular Agenda
9.AuthorizetheChiefExecu7veOfficertoexecuteaPowerPurchaseAgreement(PPA)forRenewableSupplywithREMustangTwoWhirlawayLLC,andanynecessaryancillary
documents.PowerDeliveryTerm:December31,2019toDecember30,2034,in
anamountnottoexceed$220,000,000(Ac7on)
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PROPRIETARY&CONFIDENTIAL
INTRODUCTIONTORECURRENTENERGY
PCEBOARDMEETING
8.24.2017
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PROPRIETARY&CONFIDENTIALWWW.RECURRENTENERGY.COM
BUSINESSOVERVIEWRECURRENTENERGY
• LeadingsolarprojectdeveloperandU.S.projectdevelopmentarmofCanadianSolar
• Over$8Bincapitalsecuredtodatefromleadinglendersandinvestorsac=veintheenergysector
• Provenaccesstocapitalthroughanetworkoffinancialpartnersthatenablesustodeliveru=litysolaratanyscale
• 4GWpprojectpipeline,morethan2.1GWpofpowercontractsexecuted,morethan1.9GWpopera=ng
• Commigedandprovenpartnertothecommuni=eswherewedevelopprojects
• RecurrentEnergywasthefirstdevelopertoprojectfinancea100%CCAolakesolarproject
– 3PPAswithMarinCleanEnergy;1PPAwithSonomaCleanPower
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PROPRIETARY&CONFIDENTIALWWW.RECURRENTENERGY.COM
• 150MWacsolarPVproject– 100MWacdeliveredtoPCEstar=ng2019
• LocatedinKingsCounty,CA• ConnectsintoMustangSwitchingSta=on
(builtbyRecurrentEnergyforPG&E)• Sitecontrolandexecutedinterconnec=on
agreement• Executed5-craoProjectLaborAgreement
MUSTANGTWOSOLARPVPROJECTRECURRENTENERGY
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• Condi=onalUsePermit(CUP)underreview;expectedinQ12018
• Construc=onwillbegin2018;commercialopera=onin2019
• Es=mated400peakconstruc=onjobs• 1opera=ngprojectnearby;1addi=onal
projectindevelopmentinthesameloca=on
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PROPRIETARY&CONFIDENTIAL
CONTACTCOLINCARDWELL
P:415.515.7910
F:415.675.1501
www.recurrentenergy.com
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RegularAgenda
10. ApproveResolu7ondelega7ngauthoritytotheChiefExecu7veOfficertoALesttotheAccuracyoftheInforma7onProvidedinPCE’s2016PowerContent
Label(Ac7on)
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2016PowerContentLabel
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– Recommenda7on:• ApproveResolu=ondelega=ngauthoritytotheChiefExecu=veOfficertoAgesttothe
AccuracyoftheInforma=onProvidedinPCE’s2016PowerContentLabel.(Ac=on)
– CaliforniaPublicU=li=esCoderequiresallretailsellersofelectricenergy,includingPeninsulaCleanEnergy,todisclose“accurate,reliable,andsimple-to-understandinforma=ononthesourcesofenergy”thataredeliveredtotheirrespec=vecustomers.
– Theformatfortherequiredcommunica=onsishighlyprescrip=ve,offeringligleflexibilitytoretailsellerswhenpresen=ngsuchinforma=ontocustomers.
– ThePCLwillbepresentedtoallcustomersenrolledwithPCEasofDecember31,2016.
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2016PowerContentLabel
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Regular Agenda
11.ReviewDrajIntegratedResourcePlan(IRP)(Discussion)
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PCE’s2017IntegratedResourcePlan(IRP)
BoardofDirectorsAugust24,2017
June23,2016
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2017IRPSchedule
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Date Event
Thursday,August24 DiscussionatAugustBoardMee=ng
Saturday,September23 UpdateatSeptemberBoardRetreat
Thursday,October19 ApprovalVersionofIRPDistributedtoBoardMembers
Thursday,October26 ApprovalRequestedatOctoberBoardMee=ng
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DrajIRPContents
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• Execu=veSummaryandPolicies• ElectricLoadForecast• ProcurementPrinciplesandTargets• ProcurementMethods• DevelopingLocalResources
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Execu7veSummaryandPolicies
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• Summary:theIRPaddresseshowPCEwill:– Meetitspolicyobjec=vesoveraten-yearplanningperiod,2017-2026– Fulfillkeyregulatorymandatesandvoluntaryprocurementtargetsrelatedto
renewable,GHG-freeandconven=onal(non-renewable)energy– ManageaporvolioofenergyandcapacityresourcestomeetPCE’stargetsfor
ECOplus,ECO100andGHG-freeproducts
• Policies:theIRPstatestheBoard-approvedpoliciesrela=ngtopowerresources,andiden=fiesaddi=onalpolicyques=onsincluding:– ShouldPCEowngenera=onfacili=es?Ifso,whatcriteriashouldapply?– HowmuchshouldPCEbeexposedtothemarketforitsprocurement?– ShouldPCEhaveaFeed-inTariff(FIT)program?– HowshouldPCEapproachmee=ngaddi=onalregulatorymandates,suchasthe
energystoragemandate,andothers?
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PCE2017Es7matedResourceMix
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2017ResourceMixEco100
Biomass Geothermal SmallHydro Solar Wind
2017ResourceMixEcoPlus
Biomass Geothermal SmallHydro Solar Wind LargeHydro Conven=onalEnergy
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RegularAgenda
12. BoardMembers’Reports(Discussion)
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RegularAgenda
Adjourn