►
Description
Coverage of the August 10, 2022 Silicon Valley Clean Energy Authority Board of Directors Meeting.
(Live Streamed Version)
A
A
B
Good
evening
welcome,
this
is
the
wednesday
august
10th
meeting
of
the
silicon
valley,
clean
energy
authority
board
of
directors,
and
we
welcome
here
this
evening
in
accordance
with
the
california
government
code,
section
59,
953
e,
in
a
consideration
of
the
coronavirus
members
of
the
silicon
valley,
clean
energy
board
and
of
directors
and
staff
have
the
option
to
participate
in
this
meeting
by
teleconference.
B
Members
of
the
public
may
also
attended
this
meeting
in
person
or
observe
the
meeting
electronically
by
accessing
the
meeting
via
instructions
provided
on
our
web
page.
I
believe
comments
may
be
sent
in
advance
and
see
members
of
the
public
participating
remotely
and
using
zoom
may
comment
during
the
public
comment
or
the
applicable
agenda
item
by
using
the
raised
hand
feature,
and
you
will
be
recognized
by
the
chair.
Those
using
the
telephone
or
audio
only
feature
should
press
star
9
on
your
phones
to
initiate
the
raised
hand
function
in
zoom.
B
You
will
then
be
announced
unmuted
and
your
time
moves
to
speak
will
begin.
The
public
may
be
provided
may
provide
comments
on
any
matter
listed
on
the
agenda.
Speakers
are
customarily
limited
to
three
minutes
each.
However,
the
board
chair
may
increase
or
decrease
the
time
allotted
to
each
speaker,
based
on
the
number
of
speakers,
the
length
of
the
agenda
and
the
complexity
of
the
subject
matter.
Speaking
time
will
not
be
decreased
to
less
than
one
minute,
and
with
that
we
will
begin
our
agenda
with
a
call
to
order.
May
we
have
a
roll
call,
please.
D
E
D
D
A
B
Thank
you
for
that.
We
will
begin
the
meeting
with
a
comment
on
by
the
public
on
matters
not
listed
on
the
agenda.
A
public
may
provide
comments
on
any
matter
not
listed
on
the
agenda,
provided
that
it
is
within
the
subject
matter
of
the
jurisdiction
of
silicon
valley.
Clean
energy
speakers
are
customarily
limited
to
three
minutes
each.
However,
the
board
share,
may
increase
or
decrease
the
time
allotted
to
each
speaker.
B
B
Right
seeing
no
comments
during
this
time
we
will
close
the
public
comment
and
move
to
the
consent
calendar.
I
have
not
had
any
requests
to
remove
any
items
from
the
consent
calendar
if
anyone
wishes
to
do
so.
Please
let
me
know
we
are
doing
items
1a
through
1m.
B
Second,
okay:
we
have
a
motion
by
director,
abi
koga
and
I
heard
a
second
from
director.
What's
his
name
tyson.
Thank
you.
I
got
the
t,
but
I
forgot
the
rest.
It's
been
a
long
time
since
we've
done
meetings,
and
I
just
saw
him
all
right.
So
we
have
a
motion
and
a
second
may.
We
have
a
roll
call.
Please!
Yes,
thank
you.
E
D
H
B
Thank
you
very
much
with
that.
We
will
now
move
to
the
regular
calendar,
which
has
three
items
on
it.
The
ceo
report,
a
next
one,
which
is
feedback
on
the
proposed
operating
budget,
followed
by
new
construction
reach
code,
update
I'd
like
to
take
a
moment
to
make
sure
that
the
members
of
the
public
realize
that
we
have
several
closed
door
sessions.
B
B
So
with
that,
thank
you
and
ceo
bill
shondren.
How
about
having
your
update.
I
You
you
did
say
it's
been
a
while,
since
we've
had
these
meetings
so,
but
I
do
have
a
track
record
of
speaking
well:
muted,
so
chair,
givens
members
of
the
board
welcome
back
to
svc
board
meetings
after
we
took
july
off
it's
great
to
see
all
of
you
and
wanted
to
welcome.
You
back
welcome
all
the
staff
back
back
to
this
monthly
cadence
of
meetings.
I
Unfortunately,
as
I've
informed
you
I'm
unable
to
attend
the
meetings
in
person
for
a
couple
of
months,
at
least,
and
for
today's
meeting
after
my
ceo
report,
I
will
introduce
a
few
new
members
of
our
staff
and
go
through
a
couple
of
slides
in
our
strategic
plan.
Monica
padilla,
acting
ceo
will
be
standing
in
for
me
for
the
rest
sitting
in
for
me
for
the
rest
of
the
meeting
I'll
join
you
for
the
closed
session
for
one
of
the
closed
sessions
directly.
I
So
with
that,
I
also
wanted
to
mention
that
this
was
the
week
where
we
were
all
going
to
get
together
all
the
staff,
so
you
may
have
in
the
audience
on
the
office.
You
know
folks,
who
have
come
in
from
houston,
southern
california
and
the
sacramento
area
too,
and
tomorrow
all
staff
will
be
meeting
in
departments
during
the
day
and
late
afternoon.
I
There's
going
to
be
some
entertainment
where
everyone's
getting
together
to
do
something
outside
and
have
some
dinner
on
friday,
there's
going
to
be
an
all-day
retreat
where
we're
going
to
continue
the
work
of
developing
our
work
plan
and
the
interdependencies
between
each
of
the
groups
so
that
we
can
get
you
in
a
work
plan
in
october,
so
we're
going
to
have
it
in
an
outdoor
setting.
It's
actually
a
little
spark
in
our
in
santa
clara
county,
not
in
our
service
area.
It's
in
palo,
alto
and
everyone's
looking
forward
to
that.
I
So
with
that,
I'm
going
to
change
tax
and
introduce
three
new
employees
who
will
be
here
today
who
can
who
speak
to
you
a
fourth
one
couldn't
make
it
today
so
we'll
start
with
leslie
matarang
and
she
joined
the
svc
team
as
a
marketing
specialist
in
june,
and
she
works
for
pamela
leonard,
so
leslie.
Would
you
please
introduce
yourself
to
the
ball.
J
Of
course,
hello,
lord,
I
hope
everyone's
having
a
good
wednesday
evening,
I'm
leslie,
and
just
to
give
you
a
little
information
about
myself
before
joining
svce.
I
actually
worked
at
central
coast,
community
energy
as
their
marketing
specialist,
and
I
created
campaigns
and
materials
to
launch
their
new
energy
programs.
J
I
managed
some
vendors
to
support
marketing
marketing
tactics
and
maintain
their
website.
So
it's
very
similar
to
my
role
here
now
as
sbc
ease
marketing
specialist
and
I
just
wanted
to
come
work
for
svce,
because
I
wanted
to
continue
my
work
in
the
cca
industry
and
continue
building
clean
energy
future,
and
I
just
saw
a
great
opportunity
with
fcce
svc
is
super
advanced
in
the
tactics
and
technology
and
they're
very
innovative.
J
So
I'm
really
happy
to
be
working
for
working
here
and
just
a
little
something
about
myself
in
my
free
time.
I
really
love
doing
self-care
activities,
I
love
bubble
baths
and
skincare
routines
and
I'm
making
a
really
nice
homemade
dinner
and
just
sitting
on
a
tv
and
watching
tv,
and
I
also
love
painting,
I'm
pretty
creative
yeah.
Thank
you.
B
J
I
K
Hello:
everyone,
my
name,
is
chris
van
vector.
I
I
just
started
a
couple
days
ago,
as
garish
said,
I
come
from
southern
california
edison.
I
was
there
for
13
years.
I've
been
in
the
energy
industry
for
20
years,
but
I've
worked
with
kind
of
all
aspects
of
kaiso
front
office
back
office,
et
cetera.
K
Why
did
I
want
to
work
for
svce?
Well,
it's
really
just
the
breadth
of
issues
that
this
organization
deals
with
kind
of
takes
you
outside
of
your
comfort
zone.
I'm
really
looking
forward
to
doing
that.
Something
personal
about
myself.
I
make
wine
on
the
side,
so
every
fall.
I
go
find
grapes
and
make
some
wine,
and
hopefully
it's
good
some
years.
It
isn't.
B
Well,
that's
great,
thank
you
so
much
chris
delighted
and
we
know
charles
had
a
say
in
having
you
invited
to
come,
join
us.
So
thank
you,
charles.
I
I
like
that
good
idea
and
just
note
that
chris
will
be
reporting
to
charles
crimson
next
up
and
last
would
be
a
kind
of
a
re-intro
someone
who's
taking
on
a
new
role
for
us,
but
quite
familiar
to
the
board.
It's
colleen
mccammy
she's
been
with
us
for
three
years
and
she
is
amazing
when
it
comes
whether
it's
a
website.
Communications
community,
outreach
events,
but
she
has
some
plans
for
the
next
year
or
so,
but
she'll
continue
to
be
working
for
us
and
she'll.
Tell
you
about
it.
Colleen.
L
Nice
to
see
you
all,
virtually
I'm
excited
to
provide
an
update
that
I
am
currently
pursuing
a
master's
of
environmental
data
science
at
the
brent
school
of
environmental
science
and
management,
and
continuing
to
work
part-time
for
silicon
valley,
clean
energy
so
best
of
both
worlds
and
in
this
one-year
master's
program,
I'm
excited
to
unlock
data
science
skills
and
dive
into
clean
energy
questions
through
a
data
lens
and
at
the
end
of
the
program,
I
really
aim
to
build
creative
data
visualizations
that
connect
communities
to
energy
insights
and
help
guide
policies,
encourage
action
and
amplify
equitable
solutions.
L
That's
kind
of
my
goal
at
the
end
and
then,
while
continuing
to
work
for
svce
part
time
during
school.
I
am
working
on
projects
that
enhance
digital
engagements,
such
as
improvements
to
the
websites
and
website
navigation
based
on
customer
research
and
applying
the
data
visualization
knowledge
that
I'm
currently
learning
in
school.
Two
projects
at
svce.
B
Thank
you
colleen.
It's
delighted
that
you're
able
to
still
stay
with
us
and
share
what
you
learn
as
you
go
and
really
continue
to
make
a
difference
with
our
community
outreach.
So
thank
you
so
much
for
that.
I
You
colleen
so
I'd
like
to
now
switch
the
last
items.
I
want
to
give
you
a
quick
update
on
which
is
a
customer-focused
strategic
plan.
So
in
the
last
five
years,
as
we
developed
our
strategic
plan,
the
focus
of
the
strategic
plan
has
essentially
been
the
board
and
staff.
It's
actually
a
work
plan.
It's
quite
detailed.
I
Why
don't
you
kind
of
look
at
your
strategic
plan
from
a
customer
standpoint
from
a
customer
lens?
So,
even
though
the
current
strategic
plan
is
very
useful
to
us
from
a
work
plan
standpoint,
we
are
going
to
put
an
overlay
of
what
it
would
look
like
from
a
customer
lens,
and
so,
if
a
customer
is
going
to
open
this,
how
will
they
look
at
it?
So
if
you
can
go
to
the
next
slide,
I'm
just
going
to
show
you
a
few
things.
I
So
this
is
pretty
much
what
I
was
talking
about
present
the
plan
in
a
community
and
customer
con
context
displaying
it
in
a
way
that's
easier
for
customers
to
understand,
and
also
talking
more
about
our
community
and
customers.
I
So
next
slide,
so
we
have
a
strategic
plan
and
we
have
our
departments
right.
So
this
is
how
we
are
organized.
This
is
what
each
work
plan
tells
us
what
each
of
us
are
going
to
do
and
the
interdependencies
between
groups.
But
you
know,
then,
when
you
get
to
that
second
blue
row,
you
start
we
start
to
look
at
well.
I
What
is
decarbonization
programs
and
policies?
For
example?
What
do
they
actually
do,
and
so,
I
think,
from
a
customer
standpoint
to
look
at
it'll,
be
like
yeah,
advancing
fuel
switching
in
buildings
and
transportation
seems
to
be
more
understandable
than
decarbonization
programs
and
policy,
and
we
need
both
ways
of
looking
at
it.
So
this
is
a
way
of
kind
of
splitting
it
up
both
in
terms
of
functions
and
departments.
I
So
next
slide
go
on
one
more
slide,
please.
So
this
is
just
for
example.
I
don't
we're
not
going
to
go
to
detail
here.
You'll
see
the
final
result
in
october.
I
On
the
left-hand
side,
it
was
a
october
2021,
our
current
strategic
plan.
We
had
21
goals,
we're
thinking,
let's
change
it,
if
these
five
functional
areas
that
we
have
and
categorize
these
goals
underneath
them
so
that
when
we
talk
about
these
goals,
it's
kind
of
looking
at
the
value
proposition
that
we
bring
to
our
customers,
then
the
goals
will
be
under
each
of
those
categories.
I
So,
as
you
open
the
document,
our
current
document,
you
know
we
don't
really
have
much
about
our
customers
and
communities.
So
we
will
have
several
pages
about
that,
and
so
I
think
that's
the
last
slide
so
board.
This
is
just
a
preview
of
what
we're
working
on
the
whole
team
is
going
to
be
getting
together
on
friday
and
getting
the
next
level
of
the
work
plan,
and
then
this
was
just
to
show
you
how
it's
going
to
be
formatted
for
the
september
october
time
frame.
I
So
with
that,
actually
let
me
see
right
well,
yeah.
I
just
want
to
give
kudos
to
beth
trenchard
and
don
bray,
who
put
their
heads
together
to
come
up
with
this
format
for
the
strategic
plan.
So
thank
you
for
that.
I
also
wanted
to
thank
amrit
monica
and
the
entire
team
for
standing
in
for
several
weeks,
while
I
was
away
on
vacation
and
now
on
a
unplanned
leave
for
the
next
few
days.
So
thank
you,
chair
gibbons,
back
to
you.
B
B
I
see
no
hands
raised
and
we
will
bring
it
back
to
the
board.
If
there's
any
comment
or
discussion,
this
is
for
information,
so
no
action
is
required.
You
think
well,
thank
you.
I
think
we've
been
building
up
on
the
strategic
plans
and
I
I
found
the
public
comment
and
the
relationship
to
our
communities
and
our
customers
as
really
a
viable
comment,
and
I
value
very
much
how
staff
took
that
comment
to
heart
and
looked
at
how
it
will
impact,
how
we
view
our
work
and
how
we
communicate
our
work.
B
M
Yes,
thank
you,
chair
givens.
I
get
to
talk
numbers
now,
oh
pleased
to
bring
to
you
the
proposed
operating
budget
for
the
next
fiscal
year,
which
starts
october
of
2022
and
ends
in
september
2023.
M
There
are
six
main
areas
I'm
going
to
go
through
somewhat
in
more
detail
than
I
will
in
september,
we'll
go
through
what
the
budget
looks
like
the
key
components,
making
up
the
budget
outlook
on
our
revenue,
our
reserve
targets.
If
you
remember,
we
talked
about
how
we
were
going
to
plan
for
reserves
based
on
our
stress
test
analysis
at
the
last
board
meeting
in
june,
the
customer
proposed
customer
discount
and
funding
for
programs,
power,
supply
costs
and
and
other
key
cost
drivers
that
will
go
to
the
next
slide.
M
M
So
we
can
incorporate
that
and
bring
it
to
you
in
september
in
a
short
version
of
this
presentation,
so
that
you're
ready
to
adopt
the
the
budget,
along
with
the
updated
strategic
plan
and
in
march
as
we
do
in
every
year,
we
will
have
an
opportunity
to
revisit
and
make
any
media
adjustments
at
that
time.
M
Okay,
we
will
go
to
the
next
slide
down
here,
so
the
numbers,
the
numbers-
look
good.
They
are
coming
fiscal
year
and
it's
mainly
due
to
our
revenues.
We
can.
We
are
seeing
substantial
increase
in
revenues
relative
to
the
current
fiscal
year,
as
you
can
see
from
the
table.
M
Our
svce
rate
will
be
about
two
percent
higher
net
effective
rate.
The
customer,
when
you
factor
in
pcia,
actually
be
the
net
effective
rate.
Customers
would
actually
be
lower
by
something
like
11
and
a
half
percent
and
I'll
go
through
those
numbers.
Low
revenues
is,
is
two
components,
load
or
quantity
times
price.
This
load
is
not
changing.
Much
there's
some
uncertainty
I
can
talk
about
in
later,
but
the
big
driver
here
is
is
the
rate
that
we
get
to
continue
to
charge.
M
We
we
have
opportunity
to
continue
remain
competitive
at
a
rate
that
that
enables
us
to
collect
this
level
of
revenues
and
the
reason
the
25
number
is
so
dramatic
when
you
look
at
it
year
over
year
is
because,
if
you
remember,
we
had
a
rate
change
in
march,
so
so
for
the
most
of
six
months
or
so
of
the
current
fiscal
year.
M
M
Okay,
power
supply
expenses,
the
same
factors
that
are
driving
revenues,
which
is
increase
our
market
prices,
revenues-
that
means
pg's
rates
are
higher
and
our
pcia
is
lower,
is
also
driving
our
supply
expenses
higher.
But
all
in
all
you
look
at
the
operating
margin.
It's
a
very
healthy
operating
margin,
we're
looking
to
contribute
if
the
projection
the
forecast
prevails
as
we
presented
in
the
budget
and
I'll
talk
about
the
uncertainties,
we're
looking
to
add
115
and
a
half
million
to
our
bottom
line
and
transfers
and
other
operating
expenses.
M
There's
about
close
to
10
million
in
new
funding
for
programs,
there's
another
2
million
that
we
or
1.9
million
nuclear
allocation
that
we
discuss
with
the
board
in
june.
That's
part
of
that,
and
another
part
is,
is
the
custom
republic.
I
didn't
talk
about
the
discount
in
revenues
in
this
budget,
we're
proposing
a
three
percent
effective
discount
customer
two
percent
to
all
customers
and
one
percent,
which
is
about
3.6
million
dollars
translated
into
a
dollar
bill.
M
Credit
credit
for
care
for
our
customers,
which
spread
over
12
months,
the
amount
to
about
10
and
50
cents
for
care
for
our
customers,
all
low
income,
customers
and
I'll
talk
about
the
discount
as
well
the
next
slide.
This
is
the
high
level
overview
of
how
our
numbers
are
looking
we'll
go
to
the
next
slide.
M
We
pg
e,
as
is
part
of
the
process.
They
do
a
preliminary
rate
forecast
in
may
relative
to
that
rate,
that
rate
forecast.
They
did
actually
result
in
lower
margin
that
what
we're
showing
but
pg
e
used
outdated
numbers
there.
M
Their
timing
was
using
a
march
market
prices
and
since
march,
market
price
is
something
like
20
percent,
so
we
as
as
we
did
in
the
past,
use
new
gen
model
to
project
our
revenue.
What
the
pcia
will
be,
what
the
pg
e
generation
rate
rate
will
be
and
therefore
what
our
head
room
and
our
rate
when
we
calibrate
the
model,
we
know
that
the
model
over
states
revenues
overstays
our
margins
by
10
and
the
way
we
calibrate
is.
M
We
go
back
to
pg
e's
filing
and
we
update
for
the
same
market
data
that
pgd
used
and
see
how
the
model
or
what
the
model
does
to
predict
it.
So
it
was
10
off.
So
we
have
adjusted
the
new
gen
model
for
10
modeling
errors,
and
this
aligns
our
revenues
also
to
the
rates
that
we
think
pg
e
will
file
in
october,
so
based
on
pg
e
in
their
pg
e's
rate,
making
process
pg
e
files,
this
preliminary
forecast
in
may-
and
they
do
a
they
will
do
an
update
in
october.
M
The
cpuc
move
scheduled
one
month
earlier
in
the
in
in
the
past,
that
would
be
november
and
the
cpuc
schedule,
if
they
stick
to
their
schedule,
should
approve
the
rates
in
december.
If
you
remember,
they
don't
always
stick
to
the
schedule
and
this
past
year
that
rate
change
didn't
occur
until
march.
So
this
assumes
that
cpuc
sticks
to
its
schedules
and
in
terms
of
of
the
discount
I
want
to
say
this:
is
a
budget
setting
purposes
the
three
percent
effective
discount
that
we're
proposing?
M
What
we
recommend,
as
we've
done
in
the
past,
is
time
our
rate
change
when
pgp
will
have
its
rate
change
in
january.
So
if
the
schedule
prevails,
cpuc
sticks
to
its
schedule.
We
will
come
back
to
the
board
in
likely
in
december,
but
we
will
have
more
certainty
on
what
pcia
will
be
and
pg
e's
generation
rate
will
be.
M
M
So
here's
an
illustration
on
the
left
is
the
points
I've
already
made.
You
can
look
at
the
current
rate
that
we
charge.
Customers
is
about
12.28
cents
with
1.88
the
effective
rate
that
our
customers
pays.
14
point
something
the
new
rate
on
the
right
side.
If
the
projections
prevail
will
be
slightly
higher
than
the
about
two
percent
higher,
if
we
give
the
two
percent
discount
for
all
customers-
and
one
percent
is-
is-
is
the
bill
credit
for
care
for
our
customers?
M
There
is
opportunity
we
could.
We
could
there's
room
that
in
december,
when
the
board
revisits
this
decision,
we
can
up
the
discount
couple
percent.
There
are
some
other
proposals
that
we
are
working
on,
for
example,
maybe
or
a
discount
for
an
all
electric
rate
schedule.
We
bring
that
to
proposals
to
the
board,
but
if
you
look
at
the
effective
rate
that
customers
will
pay.
M
What
happened
to
pcia
for
the
first
time
we
are
forecasting
the
high
prices,
the
pg
es
that
usually
their
resources
that
were
above
market
are
actually
becoming
in
in
the
money
they're
they're
actually
lower
than
the
prevailing
market
prices,
which
means
pcia
for
the
first
time
we're
projecting
it
slightly
negative
and
pg
e
has
a
tariff
rule
that
they
will
not
allow
for
negative
overall
rates.
We've
zeroed
out
pcia
based
on
their
projection,
and
that
money
is
not
lost.
They
were
basically
credited
in
the
following
years:
pcia
adjustment.
M
M
If
you
know
the
mechanism
the
way
the
pg
e's
balancing
account
works,
even
though
we're
forecasting
good
margins
for
this
current
year,
these
margins
are
not
guaranteed,
in
the
sense
that,
if
the,
if
the
realized
prices,
the
upcoming
calendar
year,
doesn't
doesn't
meet
the
forecast,
in
other
words,
prices
come
down,
they
basically
get
to
recover.
That
cost,
which
means
they
will
their
pcia
charge
the
following
year,
would
go
up
much
higher.
M
So
there's
always
a
year
lag
that
you
have
to
take
into
account
that,
even
though
we're
projecting
good
good
outcome
for
this
fiscal
year,
it
could
be
all
chewed
up
in
the
following
year,
but
we
have
to
return
the
dollars
in
in
the
form
of
higher
pcia
and
lower
pg
degeneration
rate,
and
also
the
stress
test.
You
know
models
a
very
plausible
scenario,
even
though
it
may
be
extreme
if
prices
collapse.
This
is
substantial,
draw
on
our
reserves
and
we're
also
modeling.
M
You
remember:
there's
a
new
regulatory
proceeding
going
on
that
can
substantially
increase
our
financial
reserve
postings
to
pg
e.
Who
currently
is
the
provider
of
lost
resort
they're
asking
some
calculations
indicate
upwards
of
70
million
dollars
that
we
would
have
to
post.
If
we're
modeling
the
assessment
scenario,
what
we
want,
what
we're
doing
in
adjusting
our
reserve
targets
is
we're
saying
if
this
stress
scenario
would
prevail,
we
want
to
make
sure
that
we
stay
above
the
minimum
days
of
cash
on
hand
of
120
days.
M
We
want
to
make
sure
we
have
120
days
in
the
event
we
need
to
that
will
give
us
sufficient
time
to
secure
additional
financial
liquidity
or
talk
to
the
banks.
If
this
unfortunate
scenario
were
to
occur,
we
only
time
to
work
with
the
board
in
in
devising
our
strategy.
We
don't
want
to
want
to
plan
for
having
sufficient
reserves
on
hand
that
if
these
scenarios
would
occur,
you
don't
dip
below
120
days
of
cash
on
hand.
M
So
that's
how
we
use
set
the
reserve
target
that
I'm
going
to
show
the
following
slide
and
then
we're
looking
out
over
a
five
year
objection
and
and
how
the
financial
picture
will
look
five
years
from
now
and
we're
saying
for
the
latter
three
years
want
to
use
the
same
methodology
and
and
target
such
that
our
cash
reserves
don't
fall
below
90
days
of
cash
on
hand.
These
scenarios
were
to
occur,
want
to
take
the
opportunity
in
good
financial
years,
plan
ahead
for
risks
over
a
five-year
horizon.
M
Go
to
the
next
slide
out
here.
So
here's
the
the
update
we
were
asked.
We
will
be
asking
in
september
for
our
reserves
policy
we're
staying
with
a
minimum
of
120
the
goal
of
the
target
when
I
increase
it,
based
on
the
methodology
that
I
talked
about
230
days
85
days
and
the
upper
target
from
320
days,
190
days
and
just
a
quick
illustration
of
of
the
math
works.
M
M
Slide
so
in
terms
of
additional
expenditure,
the
discount
rate
and
programs
funding.
I
already
talked
about
it,
we're
targeting
you
know
our
our
goal
is
always
to
provide
competitively
priced
and
high
value
services,
our
customers
and
and
the
funds
that
we
don't
need
to
cover
cost
of
service.
M
Those
customers
in
in
in
in
a
form
of
a
discount
to
comparable
pg
e
rates.
But
the
cost
of
service
includes
funds.
We
need
to
cover
operations,
obviously
meet
our
reserve
targets
and
and
that's
as
we
modeled
it
our
stress
test
analysis
and
to
fund
our
decolonization
programs
to
their
our
value
proposition
to
our
customers.
M
So
based
on
those
criteria,
we
think
it's
it's
a
good
target
again.
This
is
for
budget
setting
purposes.
The
board
will
have
the
opportunity
to
revisit
the
discount
targeting
three
percent,
two
percent
for
all
and
one
percent
additional
for
care
for
our
customers
and
in
terms
of
funding
for
programs,
there's
sufficient
funding
right
now.
M
We
don't
need
to
increase
any
more
than
the
additional
that
the
board
gave,
but
the
double
down
strategy
of
17
million
in
march-
that's
close
to
10
10
million
new
budget,
less
than
two
close
to
two
million
from
the
nuclear
allocation.
There's
sufficient
funding
there
that
we
need
time
to
basically
come
up
with
with
a
with
a
strategy
as
to
how
best
to
utilize
this
month
and
then
and
then
we
can
revisit
the
need
in
march.
E
M
So
we'll
go
to
the
next
slide,
so
the
other
big
category
power
supply
close
to
90
of
our
expenses.
There's
nothing
new
in
this
slide
that
you
haven't
heard
from
monica
before
prices
are
high,
isos
are
very
volatile
and
that
is
driving
the
increase
in
in
our
power
supply
expenses.
M
M
As
we
discussed
in
the
stress
test
analysis,
we
are
going
to
be
conducting
some
additional
analysis
as
to
the
effectiveness
of
hedging,
given
the
the
link
to
pcia
and
pg
e
generate
that
we
talked
about
at
the
stress
test
analysis,
but
we
don't
there's
always
opportunity
to
reduce
cost
by,
for
example,
if
we
were
not
to
pursue
100
carbon
free
or,
but
we
don't
think,
there's
a
need
for
that
and
continue
with
our
100
clean
policy
to
maintain
the
high
value
proposition
to
our
customers
and
it
it
defers
our
our
focus
to
24x7
clean
energy.
E
M
As
you
can
probably
figure
out,
there's
growth
in
all
areas
of
the
organization
we're
doing
things
new,
innovative
things
that
haven't
been
done
before.
M
M
So
we
need
to
staff
up
and
and
we're
proposing,
not
just
in
the
programs
area,
but
in
all
areas.
This
growth
and
I'll
go
with
that
in
detail
in
the
next
slide
about
a
10
additional
head
count
going
from
10
29
full-time
employees
right,
the
slides,
you'll
see
it
as
fte
49,
we're
also
proposing
so
that
we,
a
lot
of
the
ccas,
are
in
similar
position.
M
They're
increasing
their
head
counts,
we're
all
competing
for
the
same
same
talent,
we'll
want
to
remain
competitive,
so
we're
posing
some
increases
in
the
in
the
benefits
area
that
I'll
go
through
in
detail.
M
M
And
the
other
key
areas,
additional
costs
business
process,
optimization
listed
as
bpo
there.
M
We
had
budgeted
one
million
in
the
current
fiscal
year,
but
most
of
the
we
were
not
able
to
utilize
the
fund
in
the
current
fiscal
year,
because
we've
spent
time
a
lot
of
time
in
evaluating
our
business
processes
and
a
right
vendor,
and
we
issued
an
rfp
we're
in
negotiations
with
the
vendor.
We
presented
this
to
the
executive
committee
in
may.
M
We
are
now
we
want
to
bring
that
contract
where
our
plan
is
to
bring
it
to
consent
as
a
consent.
Item
for
the
board
in
september
we're
budgeting
about
one
point
close
to
1.4
million
dollars.
The
current
budget
had
one
million
dollars
that
will
be
unspent
and
the
the
proposal
with
the
the
contractor
is
coming
close
to
a
million
dollars
that
includes
the
initial
setup
cost
and
the
first
year's
licensing
fee
we're
budgeting
close
to
400
000
for
contingencies
and
legal
expenses.
M
As
you
know,
there
are
a
lot
of
activity
in
in
that
area.
We're
budgeting
1.5
million
for
that
and
an
area
we
want
to
focus
on,
instructed
finance
as
part
of
our
strategic
focus
area,
to
leverage
our
balance
sheet
to
provide
look
for
ways
in
which
we
can
provide
more
innovative
financing,
advance
of
decarbonization
programs,
attract
da
customers,
so
we'll
be
spending
some
effort
there
and
we
continue
to
improve
our
cyber
security.
You
know
infrastructure
and
positioning
and
we're
budgeting
250
000.
For
that.
M
Okay
with
that
I'll
go
to
the
next
slide.
That
goes
in
some
of
the
details
of
the
staffing.
As
I
said,
big
growth
in
the
deca
in
our
programs
area.
M
Right
now,
we're
proposing
the
note
there
is,
as
we
are,
as
we're
scaling
up
the
programs
and
as
gaining
more
clarity
on
the
type
of
resources
we'll
be
needing
we'll
be
in
better
position
in
march,
we'll
most
likely
will
be
coming
back
for
more
stuffing
in
this
area,
given
the
workload,
we're
also
increasing
three
positions
in
the
power
resources
area,
increased
compliance
requirements,
increase
data
and
analytics
that's
needed
to
support
the
the
number
of
ppas
that
have
come
online
and
that
continue
to
come
online.
M
We're
also
putting
a
lot
more
emphasis
on
forecasting
which
we
have
outsourced
for
the
time
being
and
similarly
we're
seeking
three
additions
in
our
energy
services
and
customer
relations
groups
to
support
the
rate
work
that
we
do
with
our
commercial
industrial
and
the
outreach
we
do
with
our
customers
and
in
the
risk
area,
where
we're
increasing
one
position
right
now
to
support
in
the
mid
office
function
in
in,
in
mainly
in
the
area
of
implementation
of
the
business
process,
optimization
project
and
these
are
full-time
employees
and
on
the
left
side,
I've
noticed
some
of
the
the
part-time
sources
that
we
have
as
well.
M
That
will
go
to
the
next
slide,
so
the
benefits,
as
I
said,
we
want
to
remain
competitive
with
our
peer
ccas.
The
first
item
is
not
actually
an
increase
in
benefits.
One
of
the
benefits
we
provide
that's
very
popular
is
health
reimbursement
account
of
six
thousand
a
year.
We
don't
want
the
balances,
to
the
extent
that
an
employee
is
not
able
to
utilize
them.
You
don't
want
the
balances
to
continue
to
grow,
so
we're
proposing
a
reasonable
level
of
capping.
It
would
be
three
times
the
annual
amount
or
at
eighteen
thousand.
M
M
Currently,
we've
right,
250
we're
moving
towards
the
upper
end
of
the
our
prccas
600
monthly
contribution
that
we
provide
towards
employees,
health
and
insurance.
Currently,
we
provide
1200,
we
used
to
provide
a
thousand.
If
you
remember
in
march,
we
update
all
100
and
we
said
we
will
revisit
it
since
2017
when
we
started
the
thousand
dollars
in
and
the
organization
cumulatively
held
premiums,
I
mean
about
34.
M
M
We
want
to
enhance
that
and
call
it
a
remote
technology
allowance
so
whether
it
be
for
phone
use
or
internet
and-
and
we
want
to
up
that-
to
120
someone
and
the
one
of
the
areas
that
we
we
currently
don't
provide.
Any
any
benefits
is
parental
paid,
parental
leave.
We
are
proposing
to
offer
120
hours
of
bonding
time
first
year
after
birth
of
a
child
is
currently
offered
by
mce
and
peninsula
spain.
Energy.
M
The
last
item
here
is,
is
to
align
with
our
mission
is
currently
you
know.
We
provide
programs
to
our
customers
decarbonization,
but
employees
that
do
not
live
in
our
service
territory
obviously
are
not
customers
of
svce
and
they
cannot
tap
into
that
those
programs.
We
want
to
be
mission
aligned
and
have
our
employees
participate
in
in
our
decarbonization
program,
so
we're
setting
aside
200
500
for
per
employee,
but
we
think
the
utilization
rate
would
be
something
like
50
percent,
so
we're
targeting
about
62
000
for
the
current
fiscal
year.
M
So
employees
who
want
to
for
example,
but
doesn't
live
in
our
service
territory,
wants
to
purchase
a
heat
pump
water
heater.
They
can
qualify
those
with
the
same
type
of
incentives
and
we
will
work
out
the
details
of
this
benefit,
but
for
budget
setting
purposes.
We're
setting
aside.
Yes,
okay
next
slide-
and
that
brings
me
to
the
summary
so
we're
looking
at
a
good
year
again
risk
remain.
M
We
don't
know
what
pcia
and
pg
e
generate
will
be,
but
but
we
are
managing
that
risk
well,
because
the
main
factor
that
would
affect
that
customer
discount
rate,
which
not
gonna
change
until
we
have
more
certainty
as
to
what
pg,
e's
rates
and
pcia
rate
will
be
likely
in
december.
M
We're
increasing
our
reserve
targets
based
on
the
stress
test,
modeling
we're
keeping
the
1
discount
rate
until
until
we
revisit
that
decision
likely
in
december
and
and
then
we're
strategically
increasing
our
in
some
of
the
areas
focus
on
our
strategic
risks
enhance
our
operational
efficiencies.
You
know
the
vpo
project,
there's
tons
and
there's
additional
information
in
the
appendix
we
are
dealing
with
billions
and
millions
of
rows
of
data
that
now
that
are
impractical,
handle
via
spreadsheets
looking
at
an
absolute
dollar
basis
of
like
70
million
75
million
of
cash
flow.
M
We're
processing
on
a
monthly
basis,
a
minor
incident
there
can
can
be
huge
dollars.
So
a
lot
of
our
bpo
is,
for
example,
in
deal
capture
systems
that
we're
installing,
so
that
we
actually
track
monitor
our
our
transactions
and
then
big
area
into
settlements.
We
can
settle
with
the
kso
iso
and
with
bilateral
traits
without
counterparty,
so
we
don't
have
mistakes
there
or
get
wrongly
built
by
either
the
california
iso
or
the
counterparties.
M
M
Next
is
another
slide
on
here.
I
think,
or
is
that
it?
I
think
that's
it
with
that.
I
am
open
for
questions
and
and
we
look
for
your
feedback
next
steps
is
to
incorporate
your
feedback
and
seek
your
approval
in
september.
Again
see
likely
seek
the
cpuc
sticks
to
its
rate,
making
schedule.
We
will
seek
our
rate
change
in
december
and
then
again
we
will
have
an
opportunity
to
adjust
the
budget
anymore.
B
Okay,
thank
you.
Amrit,
obviously
very
dense
bit
of
information
that
the
board
is
being
asked
to
comment
on.
So
this
is
the
draft
proposal
and
staff
has
put
together
a
series
of
I'm
going
to
say
what
hamrit
said
was
that
this
is
a
full
of
assumptions
that
the
board
can
adjust
when
we
know
more
concretely
what
pg
d
is
going
to
be
doing
with
the
pcia
and
the
rates.
B
So
over
this
last
year,
certainly
over
the
last
three
or
four
months,
staff
has
really
tried
to
put
together
the
risks
and
what
decisions
that
the
board
can
make
with
a
sense
of
of
managing
the
risk,
and
that's
where
the
stress
tests
came
in
so
so.
Well,
I
mean
I
thought
they
were
just
incredibly
marvelous
information
for
us,
so
all
of
those
that
work
over
the
last
year-
and
certainly
the
last
three
or
four
months
is
come
together
for
staff
to
put
together
a
budget.
B
So
we've
got
information
on
assumptions
about
the
rates,
some
some
assumptions
about
where
we're
going
to
go
with
what
we
think
we're
going
to
do
with
the
pcia.
We've
got
some
information
from
the
stress
tests
about
our
reserves.
That's
a
big
change
also,
and
then
there
is
some
information
about
staffing
and
benefits
and
all
the
other
types
of
expenses
that
are
part
of
the
cost
of
doing
business.
B
So
this
is
a
good
time
to
ask
questions
from
the
board.
We'll
take
public
comment
and
then
come
back
for
some
discussion.
So
to
begin
with,
do
we
have
some
questions
on
what
karthik?
What
sorry,
what
amrits
presented.
N
Yeah,
thank
you
amrit,
since
we
previously
talked
about
the
discount
rate
and
I
was
asking
about
peninsula
clean
energy.
Did
you
show
that
slide?
I
came
in
late
and,
if
you
did,
could
you
pop
that
back
up
there
I
mean
it
kind
of
helps
to
have
the
visual.
N
Okay,
great
so
in
general,
so
I
attended
a
youth
climate
change
meeting
that
they
had,
for
which
peninsula
clean
energy
actually
gave
a
presentation
and
which
kind
of
caught
my
attention
that
they're
at
a
five
percent
discount
rate,
and
so
we
talked
with
amrit
about
that
at
the
pre-meeting.
And
now
I
thought
about
it.
Some
more
do
we
or
could
we
be
looking
at
how
they're
able
to
get
the
five
percent
and
we're
down
to
kind
of
three
percent?
N
M
I
can
respond
to
that.
We
definitely
can
get
there.
Even
with
this
current
post
budget,
we,
if
we
want,
we
have
up
room,
go
to
five
percent
discount
rate.
If
we
go
to
four
percent
discount
rate,
then
our
current
rate,
the
blue
box
I
was
showing
in
the
chart,
would
remain
the
same.
M
M
What
we've
targeted
is,
we
think
three
percent
two
percent
is
a
meaningful
discount
for
all
customers,
with
one
percent
additional
for
care,
fair
customers
and
translators,
ten
dollars
and
fifty
cents,
so
that's
a
very,
very
good
discount
for
them,
and
then
that
keeps
a
healthy
resource
for
the
risks
were
worth.
M
We're
modeling
as
well
as
it
gives
us
flexibility
to
target
funds
in
programs
area
which
is
basically
also
providing
value
to
our
customers,
but
also
aligned
with
with
our
value
proposition
and
mission
of
the
organization.
N
December
yeah,
so
I
I
wouldn't
want
to
to
prompt
anything
that
maybe
would
make
it
less
secure
for
us,
and
so
I'm
just
kind
of
looking
down
the
road.
N
More
mostly
I
mean
if,
if
their
res,
the
amount
that
they're
able
to
put
into
their
reserves
per
capita
is
less
than
us,
are
we
going
to
get
to
a
point
where
our
reserves
are
built
up
enough
that
we're
on
par
with
them,
or
is
it
really
a
different
issue
that
causes
the
the
difference
between
what
we
can
give
and
they
give,
and
that
kind
of
then
prompts
the
question
that
I'm
really
interested
in
and
the
inclination
that
I
would
have
is
that
the
bigger
the
discount,
the
more
people
that
will
want
to
come
as
customers,
and
so
if
the
discount
is
less,
maybe
they're,
not
so
quick
to
jump.
M
We're
looking
at
that
yeah
yeah,
our
I'm
going
to
say
it's
not
going
to
have
much
of
an
impact
if
we
up
the
discount.
Now,
if
you
go
below
p,
if
you
go
higher
than
pg
e,
yes,
because
we
have
a
good
size,
commercial
industrial
load
that
will
be
very
sensitive
to
price,
but
to
the
extent
we
remain
competitive
and
providing
a
better
value.
M
N
B
O
Yeah,
thank
you
and
if
you
can
leave
that
slide
up,
those
are
really
good
questions.
It's
and
thank
you,
amrit.
I
think
this
is
a
quite
quite
a
task
to
juggle
all
these
balls
and
try
to
figure
out
what's
going
on
and
we
kind
of
tie
ourselves
to
the
pgi,
whatever
pg
e
charges
and
say:
okay,
we'll
charge
two
percent
less,
but
but
but
you're
doing
more
than
that.
O
O
I
suppose
so
I
don't
know
I
I
think
you
probably
have
all
the
variables
figured
out,
except
for
what
the
pg
e
is
going
to
charge,
what
the
pcie
is
charging
and-
and
I
don't
know
if
we
are
able
to
do
an
analysis,
forgetting
that
pg
e
exists
and
see
what
is
it
actually
going
to
cost
us,
except
you
know
for
for
whatever
energy
we're
producing
and
what
is
our
break
even
based
on
our
cost
analysis,
to
deliver
one
megawatt
of
electricity?
O
M
We
do-
and
so
this
was
mentioned
in
one
of
their
one
of
the
slides.
I
think
in
other
course
slide.
We
do.
We
try
to
refl
our
rates
to
reflect
cost
of
service,
but
in
reflecting
cost
of
service
we
we
want.
We
make
sure
that
there
is
remain
competitive
and
because
not
competitive
may
have
some
consequences
in
terms
of
customer
retention,
and
then
we
also
look
at
you
know:
cost
of
operation.
Can
we
cover
our
operations?
M
Then
we
look
at
reserve
targets,
that's
not
an
outright
cost,
but
we're
planning
for
risks
that
our
business,
but
do
we
have
ample
reserves
to
withstand
the
risk
of
the
organization
patient
basis
and
then
the
third
element
we
look
at
is:
we
have
good
funding
for
our
decomponization
programs.
So
I
would
say
it
is
a
cost-based
basis,
but
we
we
don't.
M
O
Yeah
that
that's
great
yeah
yeah-
and
I
think
you
almost
have
to
do
that,
so
I'm
glad
to
hear
you're
pushing
it
off,
because
some
of
it
is
variable,
given
everything
else,
that's
going
out
in
the
supply
on
the
supply
side
of
this
equation,
so
I'm
glad
you're
doing
it.
The
other
question
that
was
raised
is
when,
comparing
with
peninsula
clean
energy,
our
this
slide
shows
a
net
position
of
166
million
for
us
and
180.8.
What
is
that?
Is
that
that's
what's
the
result,
what
is
that
number.
M
That's
basically
a
balance
sheet
at
the
at
this.
The
166
of
the
it
was
at
the
start
of
this
current
fiscal
year.
Absolutely
and
the
timing
of
of
our
fiscal
years
are
different,
so
that
can
have
a
big
impact
on
this,
and
I
don't
know
when
peninsular
clean
energy
started.
They
may
have
started
earlier
than
us,
so
they
had
more
opportunity
to
build.
O
Yeah
and
it
isn't
entirely
free
just
to
you-
know
for
us
to
hold
one
energy
company
out
and
say:
okay
well,
they're
generating
you
know
more,
they
can
give
a
bigger
discount
and
their
staff
is
ten
percent
less
because
there's
always
you
could
all.
We
could
also
be
looking
at
clean
power
alliance,
which
has
a
minus
17
and
they're
running
at
a
loss
or
mca
which
is
running
at
a
15
loss.
O
So
it's
you
know
I
mean
we
can
compare
them
just
for
getting
some
idea,
but
it
doesn't
give
the
whole
picture,
so
you
guys
are
doing
a
great
job
at
doing
your
deep
dives
and
constantly
looking
at
that,
so
keep
it
up.
Thank
you.
Thank
you.
B
G
Thank
you.
Can
you
hear
me?
Okay,
okay.
Well,
thanks
for
that
presentation,
I
know
we're
doing
questions
now.
We'll
do
reactions
later
right,
and
so
I
think
what
you've
highlighted
there.
Amrit
is
the
nature
of
the
the
risks
and
how
we're
trying
to
look
a
little
bit
long-term
and-
and
I
think
it's
instructive
to
us
that
we
saw
what
happened
last
year,
where
through
no
real
change
in
our
operations,
we're
running
at
a
loss
and
so
we
hold.
We
hold
the
line
to
do
that,
and
I
think
that
reminds
us.
G
We
don't
want
to
be
in
that
position
any
more
than
we
have
to
and
also
note.
I
think
it's
two
ccas
that
have
gone
belly
up
in
recent
times,
and
so
this
whole
strategy
of
how
do
we
anticipate
what
are
the
risks
and
and
what
control
do
we
have
and
realizing
we
don't
really
control
the
lever
here
and
that
big
lever
is
that
pcia,
which,
frankly,
as
I
understand
it,
is
kind
of
a
black
box
to
us.
G
We
don't
know
how
it's
charged
to
us,
but
one
thing
that
we
do
know
is
when
energy
costs
are
high.
That
number
goes
down
because
then
there's
less
penalty
in
these
old
contracts
that
pg
e
hands
to
us
and
what
I
heard
you
say
amret-
was
that
that
they
don't
allow
it
to
go
negative.
So
apparently,
as
we
as
we
look
ahead,
we
don't
get
any
rebate
on
that
pcia,
but
that
I
think
I
heard
you
say
that
it
it's
held
in
some
reserve
or
account
and
comes
back
to
us.
Yeah.
H
G
Where
I'm
going
with
my
question
is:
if
the
thing
we
fear
most
is
a
sudden
collapse
in
energy
prices
that
suddenly
causes
our
revenue
to
go
down
and
the
pcia
to
go
up.
How
much?
How
important
is
that
cushion
that?
Maybe
we
could
be
building
next
year?
Is
that
a
very
big
number
or
significant?
Could
it
help
moderate
this,
because
the
whole
thing
here
is
sharp
changes
can
hurt
us
and
ways
and
over
time
we
can
adjust
rates
and
control
our
you
know
our
operations
and
adjust
a
little
bit,
but
it's
those
sharp
changes.
M
We
actually
modeled
that
so
that,
in
in
the
way
we
developed
the
forecast,
the
five-year
projections
and
the
reserve
projections,
we
modeled
at
that
right
now
we're
slowing
we're
showing
slightly
negative.
So
it's
not
a
big
cushion
it's
almost
close
to
zero.
It's
where
pci
was
coming
in
with
the
numbers
we
looked
at,
but
whatever
that
cushion
is
gets
factored
in
the
fact
that
it
will
be
in
in
in
the
next
year's
pcia.
M
M
This
will
be
the
first
time
this
would
be
happened
so
p.
There
are
discussions
going
on
with
pg
e
as
to
how
they
would
implement
this.
It
could
be
that
one
particular
vintage
cca
pcia
could
go
negative.
If,
overall
is
positive,
some
of
this,
we
have
to
see
how
it
plays
out,
but
because
pg
e
just
looks
at
the
overall
customers,
but
one
particular
cca's
vintage
may
go
negative
if
pg
e's
overall
pcia
is
still
positive.
M
We
still
have
to
there's
a
lot
of
discussions
going
on
right
now
as
to
how
this
will
be
implemented
by
pg
e,
because
they
no
one
was
anticipating
pcie
to
be
negative.
B
So
I
just
for
memory's
sake,
I
think.
Last
year
we
were
in
the
red
by
12
million
and
we
utilized
our
reserves
and
that
I
think,
was
part
of
the
impetus
to
really
understand
what
the
risks
were
and
initiated.
The
stress
tests
and
the
result
of
the
stress
test
is
this
new
recommendation
to
build
our
reserves
up
to
whatever
the
number
is
on
the
spreadsheet.
P
Thank
you
very
much
chair.
So,
as
most
of
you
know,
I
have
been
attending
the
board
meetings
of
svce
for
as
long
as
svc
has
existed,
and
I
applaud
the
consistent
carbon-free
decision
that
this
board
and
passports
have
made,
and
I
also
applaud
the
1
discount
svc-
has
a
96
to
97
percent
market
share.
So
to
mr
director
willie's
comment:
it's
not
possible
to
increase
our
market
share,
much,
no
matter
what
we
do
with
pricing,
but
the
organization
is
now
a
profitable
enterprise
and
to
sort
of
cut
through
the
complexity
of
the
presentation.
P
P
P
That's
why
the
nearly
signed
inflation
reduction
act
is
such
a
big
deal
at
the
national
level,
and
so
I
am
very,
very
interested
in
seeing
the
program's
budget
expanded
as
fast
as
it
can
be
and
deployed
in
as
impactful
a
ways
as
the
very
creative
team
at
svce
can
come
up
with
ways
to
do
it,
and
so
I
may
be
misparaphrasing
it.
P
But
I
believe
that
mr
singh
implied
that
the
organization
couldn't
increase
the
program's
budget
terribly
fast,
because
that
involves
up
staffing
and
it
involves
implementing
new
ideas
that
may
not
have
been
fully
fleshed
out
yet,
and
yet
there
certainly
was
a
slide.
That
said,
we're
going
to
have
to
increase
the
program's
budget
because
we're
expecting
so
many
more
people
to
need
the
rebates
or
want
the
rebates
that
svc
is
offering.
P
There
may
be
a
very
limited
opportunity
when
we
have
a
democratic
president
in
the
white
house,
because
the
republicans
frankly
have
been
extremely
active
in
doing
things
like
saying
you
can't
put
new
building
codes
in
place
that
require
electrification
new
buildings.
There
are
a
lot
of
risks
out
there
that
I,
I
think
the
best
way
to
deal
with
them
is
to
go
faster.
P
B
Thank
you,
mr
carney,
and
I
see
no
other
raised
hands
from
the
public,
so
we
will
bring
it
back
to
a
discussion
from
the
board.
I
would
take
note
that
I
believe
staff
is
doing
a
very
thorough
review
of
the
infrastructure
reduction
act,
inflation
reduction
act
and
will
be
coming
to
the
board.
With
that
information
it
is
dramatic
and
exciting,
and
we
will
that's
the
advantage
of
being
able
to
make
decisions
at
a
board
level
and
we'll
see
what
comes
back.
B
B
C
B
So
thank
you
and
I'm
looking
at
the
ceo's
report
in
this
in
our
material.
So
please
feel
free
to
take
a
a
look
at
that
and
if
you
have
any
feedback
for
staff
from
that
review,
that
would
be
wonderful.
So
thank
you
all
right.
Going
back
to
the
budget
lots
of
information
here.
Are
there
any
questions,
because
what
staff's
going
to
do
is
come
back
in
september
to
ask
the
board
to
approve
the
budget
with.
Basically
the
information
that's
contained
here
in
as
presented
and
it'll,
be
a
simpler
presentation.
B
B
B
Okay,
well,
I've
heard
it
a
couple
times
because
of
the
various
committees
and
I'm
very
very
appreciative,
as
I'm
sure
all
the
board
is
of
the
level
of
incredibly
detailed,
thorough,
important
research
and
information
that
all
the
staff
used
to
put
this
together,
as
has
been
said
by
several
board
members.
So
thank
you
all
and
we
look
forward
to
the
budget
coming
back
in
september,
for
board
approval.
G
G
D
G
Let
me
just
fling
it
out
there
and
say
that
I
that
I
I
saw
this
earlier
in
the
risk,
the
rock
meeting,
and
so
just
I'm
I
would
say
I
don't
see
anything
that
I
disagree
with
how's,
that,
in
terms
of
of
the
budget,
I
think
it
looks
very
sound.
I
I
do
appreciate
and
the
reserve
plan.
I
do
hear
mr
carney's
comment
and
you
know
to
a
certain
extent,
how
much
better
can
we
do
by
going
faster?
Can
we
outrun
our
horse?
G
Maybe
to
expand
those
programs
that
we've
heard
about
as
well
as
other
things.
We
haven't
thought
of
yet
and
see
how
we
can
maybe
link
up
with
the
inflation
reduction
plan
tie
into
it
and
leverage
that
in
ways
it
hasn't
been
passed
yet.
But
I
think
we
can.
We
can
learn
from
that,
so
in.
In
short,
I'm
just
saying
a
good
job
staff.
I
agree
with
your
decisions
on
the
budget
and
the
root
and
the
discount
and
the
reserve
strategy.
O
Yeah,
I
I
guess,
as
discussion
start
things
come
to
my
mind.
There
was
one
point
I'd
brought
out
earlier
and
which
was
like
the
maytag
repairman
commercial
used
to
be
where
the
guy
was
just
sitting
home,
not
doing
anything
because
the
washers
worked
so
well,
and
I
look
at
the
energy
company
a
clean
energy
company
as
a
company
that
really
should
go
out
of
business
at
some
point
in
time,
because
everybody
has
their
own
solar
energy.
They
have
their
own
little
wind
turbines
and
I
saw
some
little
wind
turbines
you
can
put
on
your
house.
O
So
the
gen,
all
the
electricity
is
generated
in-house
and
you
don't
need
all
this
transmission
and
everything
else.
So
if
I
I
don't
know
if
the
inflation
protection
act
or
this
new
new
act
is
going
to
give
us
some
means
of
doing
it.
But
I
I
would
like
us
to
start
looking
in
that
direction
to
see
how
we
can
help
people
generate
their
own
energy
right
at
home.
So
we
don't
have
to
be
spending
money,
buying
energy,
and
this
would
be
obviously
a
20
year
or
50
year
project.
O
But
I
think
some
steps
should
be
taken
towards
that,
because
everybody
who
can
generate
their
own
energy
there's
one
less
generation
that
has
to
be
done
out
there.
Well,
I
I
I
would
ask
the
staff
and
and
probably
invite
input
from
the
board
as
to
whether
this
is
something
we
should
also
be
looking
at,
not
just
how
to
generate
clean
energy,
but
how
to
just
do
it
right
at
this
source,
where
it's
being
used.
B
Q
Good
evening,
it's
wonderful
to
see
you
all
again
after
a
month
off,
I
know
you're
all
going
to
closed
session.
My
update
will
be
quick.
Android
go
to
the
next
slide,
so
I'm
just
going
to
provide
a
quick
status
update
and
highlight
some
upcoming
actions,
so
we
are
in
august
now,
which
means
that
we're
moving
towards
the
key
times
for
your
work,
which,
on
voting
on
new
construction
reach
code.
So
even
this
is
quick.
Q
We
want
to
make
sure
your
attention
is
here
and
if
there
are
any
needs
that
you
all
have
or
that
you
know,
your
staff
has
that
you
know
that
we
are
available
to
support
you
all
along
the
way
over
the
next
several
months.
You
all
make
great
strides
in
2019,
and
we
want
to
just
really
make
sure
that
we
maintain
that
those
benefits
of
electrification
coming
to
your
communities
next
slide.
Q
So
this
is
that
you
may
recognize
this
from
june
when
we
presented
right
trust,
doing
an
update
of
all
of
the
actions
that
have
been
happening.
You
can
see
here
that
los
altos
hills
in
addition
to
the
cities
that
have
been
have
been
using
our
efforts
for
community
outreach
also
did
additional
community
outreach.
But
what
I
realized
is
I
want
to
make
sure
that
you,
what
might
not
be
clear
from
this
slide
is
that
we
are
actively
working
with
all
all
13
of
our
jurisdictions
over
july.
Q
I
think
that
we,
we
had
email
communication
with
staff
from
all
13
jurisdictions,
many
of
those
jurisdictions.
We
also
had
direct
meetings
with
staff
and
meetings
with
community
members
being
able
to
present
to
the
west
valley,
mayors
and
managers
meeting.
We
had
again
these
direct
one-on-one
meetings
and
gilroy
and
los
gatos
both
had
council
information
sessions.
Q
The
key
upcoming
priorities
that
we
want
you
to
be
focused
on
in
the
coming
months
are
that
the
vote
for
that
you
have.
The
vote
is
agenda
for
adopting
whatever
reach
code
your
community
decides
on
in
some
communities.
We
know
that
that
requires
two
readings
and
also
sometimes
that
a
council
information
session
is
required,
so
make
sure
that
those
should
be
happening
in
really
in
september
and
october.
Q
If
you
have
requests
for
us
to
meet
with
any
of
your
counterparts
on
your
council,
we
are
available
to
do
that
or
if
you
know
that
your
staff
needs
additional
support,
there's
questions
that
you're
getting
from
staff
that
we
can
support.
We're
also,
of
course,
always
available
to
meet
with
you
and
prep
before
these
vote
meetings
next
and
last
slide
andrea.
Q
So
again,
this
is
the
handy
checklist
that
we
have
put
forward
for
you
so
that
you
can
track
your
individual
progress.
So
if
you
want
to
kind
of
look
at
this
quickly
and
say,
okay,
do
I
know
have
are
these
things
done
for
me
on
me?
That's
a
specifically
board
member
checklist
and,
as
you
can
see,
what
we're
moving
towards
really
is
are
these
votes
and
we
recommend
them
happening
by
the
end
of
october.
Q
What
that
also
means
is
that
this
is
the
period
where
your
staff
will
be
doing
a
lot
of
work
on
writing
the
actual
code
and
figuring
out
a
lot
of
the
technical
details.
It's
a
time
that
we
want
to,
you
know
just
make
sure
nothing
slips
up
and
there's
there's
no
miscommunications
and
there's
no
lack
of
you
know
hold
up
in
timing,
so
we're
here
to
support
you.
We
think
everybody's
moving
forward
and
look
forward
to
the
next
couple
months
of
hustle
as
we
get
to
october.
B
I
don't
see
any
questions
from
those
in
in
the
room
and
I
don't
see
any
raised
hands.
We'll
cl
go
to
the
public
comment
portion
and
I
see
no
comments
from
the
public
no
raised
hands.
Thank
you.
We
will
bring
it
back
for
a
discussion
and
I
don't
think
this
is
a
motion,
an
item
requiring
a
a
vote.
It
is
for
discussion
as
well.
B
Is
there
any
discussion
on
the
presentation?
Yes,
ma'am.
F
Thank
you
chair.
I
just
had
a
question
that
came
up.
If
I
remember
correctly,
do
we
do
the
cities
need
to
vote
on
maintaining
their
current
reach
codes?
So,
even
if
there's
no
change,
we
we
need
to
see
it
on
our
agenda
before
october.
31St
is
that
right.
Q
That's
right
and
it's
you
know
usually
part
of
the
the
the
triennial
state
building
code
update
process.
So
the
easiest
way
to
do
is
probably
to
do
it
at
the
same
time
as
you
adopt
that
state
code
and
the
reason
being
right,
the
code
changes
every
year.
You
need
to
make
sure
that
your
code,
language
is
against
the
newest
code.
R
B
F
B
Any
other
comments
I
think
that
takes
care
of
the
agenda
formal
agenda
for
this
evening.
We
will
now
move
to
any
board
member
announcements,
and
then
we
will,
as
I
mentioned
earlier,
move
to
a
closed
session.
We
have
three
items
on
the
closed
session
and
then
we
will
come
back
to
this
meeting
to
announce
any
action.
If
action
is
taken
on
any
of
those
items,
so
do
we
have
any
wonderful,
exciting
things
director
chua
always
is
very
good
at
coming
up
with
exciting
ideas.
O
Yeah
monte
cerno
has
its
annual
picnic
on
august
21st
at
noon
at
the
sora
park,
you're
all
invited.
If
you
want
to
join
in
please
let
me
know
so.
I
can
save
a
seat
or
a
standing
place
in
the
park
for
you
guys,
it's
usually
a
pretty
good
event.
It's
a
it's
all
free,
so
you
get
food
and
barbecue
and
I
think
silicon
valley,
clean
energy,
might
be
hosting
a
booth.
There.
B
B
Okay,
thank
you
very
much
for
that
invitation.
I
think
I
saw
director
klein's
hand
next
and
then
director
chua.
H
And
I
just
wanted
to
point
out
that
there
was
a
great
mercury
news-
article
last
I
think,
saturday
on
sunnyvale's
new
city
hall,
which
will
be
lead
platinum
but
most
importantly,
net
zero
thanks
to
funding
from
svce,
but
it
went
pretty
much
in
depth
on
kind
of
the
new
features
where
we're
tearing
down
multiple
buildings
and
building
a
new
four-story
building,
which
then
gives
us
about
six
acres
of
open
space.
That
goes
along
with
that.
But
the
big
thing,
of
course,
is
it's
net
zero?
H
It's
you
know
the
solar
panels
started
going
up
last
week,
and
you
know
part
of
that
is,
is
with
additional
funding
coming
from
svce
a
good
picture
of
girish,
myself
and
city
manager
in
that
article,
so
definitely
get
a
chance.
Take
a
look,
but
that
will
city
employees
will
be
moving
in
in
december,
so
not
that
long
from
now
that
building
will
be
finished
so
anyway.
Thank
you
very
much.
S
Tachua
thank
you,
chair,
and
I
just
want
to
share
a
few
weeks
ago,
congressman
robert
hanna
visited
our
city
hall
or
visited
us
now
to
give
update.
As
you
know,
we
we
asked
for
he.
He
went
around
and
asked
us
different
cities
for
projects
that
he
might
be
able
to
to
persuade
other
other
assembly
members.
I
mean
congressmen
to
approve
and
I'm
happy
to
announce
that
we
asked
for
three
million
dollars
for
to
electrify
non
I'm
going
to
electrify
about
200
homes,
and
we
got
an
update
last
night.
S
Actually,
yesterday
from
mr
pike's
tom
and
tom
emailed
us
and
said
it's
been
approved
at
the
house,
so
it
hopefully
it
will
get
approved
sometime
in
the
fall
so
yay.
So
I'm
not
saying
you
guys
can
do
it
too.
So
so
I'm
so
excited
and
looking
forward
with
this
inflation
reduction
act.
Maybe
we
can
get
some
funding
there
too.
We'll
see
so
please
be
when
you
see
something
from
congressman
okada
and
ask
for
some
projects.
Do
it
because
it
happens.
So,
thank
you
all.
I
just
wanted
to
share
that
with
everybody.
B
I
knew
we
had
to
count
on
you
to
say
something
you're,
three
for
three.
Thank
you
and
congratulations.
I
hope
that
works
out
as
the
fall
vote
comes
comes
around
well
done
and
I
think
that's
director
martinez,
beltran.
R
Hello
good
evening,
yes,
I
wanted
to
say
that
this
past
weekend
was
the
children's
business
fair
and
my
girls
were
slated
to
be
in
it,
but
we
had
to
go
away
unexpectedly
for
the
weekend,
but
I
wanted
to.
I
thought
it
was
a
really
interesting
opportunity
for
us
to
look
at
being
involved
in
that
if
we
could
somehow
be
involved,
these
children's
fairs
happen
in
different
cities
and
I
think
it
would
be
a
great
opportunity
for
us
to
talk
about,
maybe
them
looking
at
doing
some
environmental
climate
change.
Carbon
reduction.
R
You
know
just
get
some
ideas
going
out
there,
so
I'm
interested
in
doing
something
with
children,
but
I
thought
I'd
bring
it
up
and
give
some
food
for
thought
to
staff
we'll
also
this
month
at
the
end
of
the
month
for
women's
equality
day,
we'll
have
two
events:
one
will
be
a
women's
walk
and
open
mic
on
the
26th,
from
4
30
to
6
30
in
downtown
morgan
hill
lagrange
and
then
also
on
saturday,
we'll
have
a
brunch
from
11
to
1
30
with
the
panel
on
impacts
of
overturning
row
and
that's
going
to
be
from
11
to
1.
B
Thank
you.
Thank
you.
So
much
morgan
ella
always
has
some
great
community
events.
So
that's
wonderful.
Thank
you.
I
had
one
thought,
which
is
a
lot
of
communities
have
summer
concerts
or
other
kinds
of
summer
events.
You
know
every
week,
they'll
do
something
and
at
the
cupertino
earth
day,
silicon
valley,
clean
energy,
provided
some
innovative
power
sources
from
solar,
and
I
think
it
would
be
marvelous
if
one
of
the
things
that
we
could
do
is
expand.
B
The
engagement
of
silicon
valley,
clean
energy
to
community
events,
providing
power
for
from
solar,
as
opposed
to
all
these
generators
and
everything
else.
So
that's
a
another
food
for
thought
kind
of
idea.
Yes,
ma'am
director.
F
Abby
coco,
thank
you
cher.
I
want
I
had
an
item
I
wanted
to
share
as
well.
I
it's
a
actually
a
a
thanks
to
svce
staff,
mike
our
mountain
views.
Chief
sustainability
officer
sent
me
an
email
this
afternoon
that
there's
a
partnership
with
svce
our
city
of
mountain
view
and
the
city
of
milpitas
to
develop
a
few
concepts
for
submission
to
the
metropolitan
transportation.
Commission's
transportation
electrification
program
call
for
project
ideas.
F
F
The
hope
I
guess
mtc
is
anticipating
developing
40
to
60
million
dollars
in
funding
programs
to
advance
the
electrification
in
the
region.
So
hopefully,
even
though
I
guess
it
doesn't
put
us
for
first
in
line
by
submitting
ideas,
but
at
least
you
know
we'll
we'll
be
in
the
mix,
I
think-
and
hopefully
there
will
be
some
funding
opportunities
for
for
our
area,
so
I
will
keep
you
posted.
Thank
you.
B
B
All
right,
so
we
will
adjourn,
we
will
what's
the
right
show.
I
can
adjourn
this
meeting
to
an
executive
sessions
and
we
will
return
with
any
report
out,
so
this
zoom
meeting
link
will
remain
open
for
returning
and
we
will
have
a
separate
zoom
link
for
the
executive,
closed
door
executive
session.
Okay,
thank
you.
B
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B
Thank
you
for
coming
to
our
meeting
and
hanging
in
with
us.
As
we
have
completed
our
executive
session
closed
door,
there
was
nothing
to
report
out
on.
I
don't
have
that
in
front
of
me,
see
if
I
can
read
it
out.
B
There
is
nothing
to
report
out
on
the
second
item
conference
with
legal
counsel,
anticipated
litigation
litigation
in
pursuant
to
paragraph
four
of
subdivision
d
of
section,
59,
54
956.9
one
potential
case
and
nothing
to
report
out
on
the
public,
employee
performance
evaluation
of
the
chief
executive
officer,
and
is
there
anything
that
anyone
else
has
to
say
before
we
adjourn?
We
are
adjourned
to
our
next
regularly
scheduled
meeting
of
september.