SV Clean Energy Board Approves $6M for Building Decarbonization Joint Action Plan

Agency targets emission reductions from buildings as critical next step to addressing the climate crisis

Sunnyvale, Calif. () – The Silicon Valley Clean Energy (SVCE) Board of Directors adopted the Building Decarbonization Joint Action Plan, which defines a set of prioritized actions for the agency and its members to reduce carbon pollution from buildings. The Plan includes a $6 million budget to be dispersed over three years through a set of building electrification programs and initiatives.

Buildings account for nearly one-third of regional greenhouse gas emissions in the SVCE service territory, and the Plan puts funding and organizational support in place to properly assist communities in the transition to clean, all-electric buildings. The plan was created through a joint process designed to facilitate the emergence of new solutions, cultivate community buy-in, and coordinate peer-to-peer learning.

The Plan centers on three focus areas:

New buildings – supporting the transition to all-electric new construction
Existing buildings – converting existing buildings that use natural gas to all-electric
Market Development – creating a regional network to address the barriers Santa Clara County may face while working towards clean, all-electric buildings

The Plan establishes a set of six prioritized actions that include policy and implementation support for member communities as well as direct financial support for customers. One action is for SVCE to develop a second wave of reach code support for member agencies, to continue to advance building decarbonization at the time of new construction. Another prioritized action is to develop an accessible financing program designed to enable low-income customers to make improvements to their homes and businesses. To view all six prioritized actions, please see the full plan.

“To reach local and state emission reduction goals, we must address natural gas use in buildings,” said Girish Balachandran, SVCE CEO. “Eleven of our thirteen communities have passed reach codes to advance all-electric new construction and electric vehicle readiness. SV Clean Energy wants to further support our communities by providing programs and funding to advance the equitable and cost-effective use of clean electricity in homes and buildings.”

“SV Clean Energy member communities have led the way and set new precedents across the state by prioritizing building decarbonization as a critical component to fight climate change,” said Margaret Abe-Koga, SVCE Board Chair and City of Mountain View Councilmember. “The new Plan builds on this momentum and continues to provide support for local towns and cities to jointly tackle carbon emissions from buildings and achieve our climate goals.”

The Building Decarbonization Joint Action Plan was informed by the 2020 Buildings Baseline Study and the Decarbonization Strategy & Programs Roadmap, adopted in 2018. View the full plan.
About Silicon Valley Clean Energy

Silicon Valley Clean Energy is a not-for-profit, community-owned agency providing clean electricity from renewable and carbon-free sources to more than 270,000 residential and commercial customers in 13 Santa Clara County jurisdictions. As a public agency, net revenues are returned to the community to keep rates competitive and promote clean energy programs. Silicon Valley Clean Energy is advancing innovative solutions to fight climate change by decarbonizing the grid, transportation, and buildings. Learn more at SVCleanEnergy.org.

Contact
Michaela Pippin, Communications Specialist
O: 408-721-5301 x1020
michaela.pippin@svcleanenergy.org

Central Coast Community Energy | 3ce Seeks Large-Scale, Local Renewable Energy Generation and Storage Projects

Local Generation Opportunity Marks Progress Toward Local Workforce and Economic Potential while Assisting in Advancing 3CE’s Goal of  100% Clean and Renewable Energy by 2030

 

Monterey, CA. January 19, 2021 Central Coast Community Energy (3CE) today released a Request for Proposals (RFP) for large-scale, renewable energy generation and storage projects to be sited within the agency’s service area that includes its 33 communities across Monterey, San Benito, San Luis Obispo, Santa Barbara and Santa Cruz Counties.

In addition to driving local economic opportunities for the Central Coast region, eligible project proposals have the potential to drive technological advancements and progress toward 3CE’s goal of 100% clean and renewable energy by 2030, creating new long-term renewable energy resources for the region and state, and continuing the positive regional re-investment that 3CE has stimulated since launching in 2018.

“This RFP is an effort to investigate the development of large scale, local renewable generation opportunities.” shared Tom Habashi, CEO at 3CE. “We’re looking forward to review the proposals because this opportunity carries so much potential in terms of local jobs, economic stimulation, and of course creating new renewable energy resources and generating clean electricity locally. The energy storage component could also become a big contributor to improved energy resiliency for the Central Coast.”

The RFP for locally sited clean and renewable power supply with the ability to add storage or a standalone energy storage system is designed to explore two possible scenarios: 1) Renewable generation with the ability to add storage, requiring a minimum of 20 megawatts and a long-term agreement that lasts 10 or more years, 2) Standalone energy storage that requires sizing of 1MW or larger and a long-term agreement that lasts 5 or more years. In either scenario, projects could be owned by developers and/or landowners.

In terms of the type of renewable energy to be developed, 3CE is open to all eligible renewable resources such as biofuel, solar, wind, geothermal, or other eligible sources that harness renewable energy. One of the unique benefits of 3CE’s RFP involves not requiring land entitlements or being in the interconnection queue in order to bid. This flexibility allows for more local developers to investigate possible sites throughout the service area. Finally, 3CE is looking at turning on any potential sites by 2026 which provides more time and preparation for local generation and/or energy storage facilities to schedule for grid interconnectivity.

“To meet the economic and environmental goals of the communities we serve, we need to be cost conscious,” adds Habashi. “Between the high cost of Central Coast real estate, and the costs associated with interconnection to the greater western grid, developing local generation can have a lot of hurdles, but we’re committed to evaluating local opportunities working with local landowners and developers to make it happen.”

Proposals must be submitted per RFP guidelines by 5pm on February 17. For more information, bidders may join 3CE’s webinar addressing questions from bidders on January 29 at 1pm. RFP, webinar and supporting documents may be found at https://3cenergy.org/solicitations/

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About Central Coast Community Energy

Central Coast Community Energy (3CE) is a public agency that sources competitively priced electricity from clean and renewable energy resources. 3CE is locally controlled and governed by board members who represent each community served by the agency. Revenue generated by 3CE stays local and helps keep electricity rates affordable for customers, while also funding innovative energy programs designed to lower greenhouse gas emissions and stimulate economic development. 3CE serves more than 400,000 customers throughout the Central Coast, including agriculture, commercial and residential customers in communities located within Monterey, San Benito, San Luis Obispo, Santa Barbara and Santa Cruz counties. Learn more at 3CEnergy.org and on social media, including Facebook, Instagram and Twitter @3CEnergy.

Central Coast Community Energy | 3CE                                 
Shelly Whitworth
Senior Energy Media Specialist
Tel: +1-831-229-0277
swhitworth@3CE.org

New Board Leadership at Valley Clean Energy

FOR IMMEDIATE RELEASE

Press contact: Rebecca Boyles, Director of Customer Care and Marketing
530-446-2750 | info@valleycleanenergy.org

New Board Leadership at Valley Clean Energy

DAVIS, Calif. (January 15, 2021) — As a new year dawns, Valley Clean Energy announces a change in leadership for the not-for-profit local electricity provider.

Dan Carson, a Davis City Councilmember, was elected to chair the VCE board for 2021, and Winters City Councilmember Jesse Loren was elected to the position of vice chair. Both votes were unanimous.

The VCE board is composed of two representatives from each of the communities it serves — the cities of Woodland, Davis and Winters and unincorporated Yolo County. Loren’s appointment couldn’t be more timely, as the community of Winters is currently enrolling customers for VCE service.

“My main responsibility as board chair will be to work with our vice chair, Jesse Loren, other board colleagues, our excellent staff and our Community Advisory Committee to faithfully implement the agency’s first-ever strategic plan to provide increasingly clean and low-carbon power to our customers,” Carson said.

He added that the strategic plan was drafted under the guidance of Don Saylor, a Yolo County supervisor who chaired the VCE board in 2020.

“Valley Clean Energy is pursuing ambitious efforts to buy more cost-effective clean and renewable power, such as solar and wind and battery storage resources, including some power from producers within our own county,” Carson continued.

“We are making terrific progress in our efforts to respond to the threat of climate change and reduce our community’s electricity-related greenhouse gas emissions.”

Carson said another major goal is to preserve and enhance local control over electrical power choices, “seeking solutions that will help us to control our own energy destiny and give our customers what they demanded — greater energy independence and resilience.”

Loren said the agency is also working hard to bring innovative energy programs to the communities it serves, such as the deployment of $2.9 million in grant funding for public electric vehicle charging stations in strategic locations, among them two sites in downtown Winters.

“It’s an honor to be part of an agency with such high values of stewardship and local control,” she said. “I am honored and excited to work collaboratively with staff, fellow directors, and Chair Dan Carson in 2021.”

Carson and his wife Maureen have lived in Davis for 30 years and raised three sons there. Before his election to the Davis City Council in 2018, he spent 17 years at the California Legislative Analyst’s Office, retiring in 2012 as deputy. He was responsible for budget and policy analysis work by that office relating to energy, environmental programs, health, social services, criminal justice, transportation and general government.

Loren, who was elected to the Winters City Council in 2016, raised her three children in Winters. She taught English, math, integrated science, AVID and journalism in Yolo and Solano County school districts, retiring to pursue her career in public service.

The VCE board members are appointed annually by their respective agencies, and are not paid by VCE to serve on the board. They convene monthly in open meetings at which the public is invited to participate. Meetings during the COVID-19 pandemic are held virtually, via Zoom.

For meeting schedules, visit https://valleycleanenergy.org/board-meetings/. To receive meeting notices, visit https://valleycleanenergy.org/get-in-touch/.

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About VCE: Valley Clean Energy is a not-for-profit public agency formed to provide electrical generation service to customers in Woodland, Davis, Winters and the unincorporated areas of Yolo County. Its mission is to source cost-competitive clean electricity while providing product choice, price stability, energy efficiency, greenhouse gas emission reductions and reinvestment in the communities it serves. For more information about VCE, visit www.valleycleanenergy.org or call 855-699-8232.

 

Central Coast Community Energy to Host Virtual “Flip the Switch” Press Event Marking Enrollment of 100,000 Customers In Nine Communities

Elected Officials and Community Leaders Highlight Enrollment Process, Financial and Environmental Benefits During Celebratory Media Event 

Monterey, CA. January 14, 2021 – Ushered in by 21 other communities throughout the Central Coast, agriculture, business and residential customers in Arroyo Grande, Del Rey Oaks, Grover Beach, Guadalupe, Paso Robles, Pismo Beach, Santa Maria, Solvang and Unincorporated Northern Santa Barbara County begin receiving service from Central Coast Community Energy (3CE), formerly Monterey Bay Community Power, throughout the month of January 2021.

As a community-owned electricity provider, 3CE’s focus on clean energy and local control already provides 400,000 Central Coast customers access to competitively priced electricity that powers additional economic and environmental benefits. 3CE’s newest customers will soon gain access to incentives and rebates from innovative energy programs expected to launch in early 2021. Prior 3CE programs have funded important community resources such as new EV charging stations, zero-emissions electric school buses and electric agricultural equipment like tractors and forklifts.

As a public agency committed to community engagement, 3CE also provides customers with regular opportunities to participate in public meetings that steer the course of the agency’s substantial community reinvestments; $49.5 million in cost savings and $12.5 million in energy programs funding to date since launching in 2018.  In October 2021, eligible customers within the cities of Carpinteria and Goleta as well as unincorporated southern Santa Barbara County will enroll in 3CE service. Customers who rely on financial assistance programs including CARE, FERA, Medical Baseline and California’s Climate Credit will maintain uninterrupted access that requires no action.

“Joining 3CE provides a choice and more opportunities for customers,” said Mayor of Santa Maria and 3CE Policy Board Member, Alice Patino. “3CE’s strong financial position and recent “A” credit rating solidifies to enrolling customers the viability and success of this agency in terms of competitive rates, sourcing clean and renewable energy, and supporting local energy programs.”

For all participating communities, 3CE service represents a first-ever choice and alternative to receiving electricity service solely from investor-owned utilities (IOUs) such as PG&E or SCE. Following the same structure as 21 other community choice energy agencies serving more than 10 million customers throughout California, 3CE works in partnership with the respective IOU. In their respective service areas, PG&E or SCE continue delivering electricity, maintaining infrastructure, and sending one monthly bill that includes 3CE electric generation charges. 3CE will now oversee electric generation; how and where electricity is generated.

Both the economic and environmental benefits that 3CE provides are anchored in a commitment to not just sourcing electricity from clean and renewable sources but growing those resources in ways that contribute to grid stability and support customers and communities with the transition from fossil fuel sources to clean energy solutions that accelerate progress towards California’s ambitious climate goals.  As California’s largest community choice energy agency by geography, 3CE has already energized significant economic and environmental progress in Monterey, San Benito and Santa Cruz Counties as well as the cities of Morro Bay and San Luis Obispo.

“Joining Central Coast Community Energy allows our community to receive the benefits of choice, local control, competitive rates and ways to further reduce local greenhouse gas emissions,” stated Jeff Lee, Mayor of Grover Beach and 3CE Policy Board member from the shared seat of Arroyo Grande, Grover Beach and Pismo Beach. “I’m proud to be a board member of 3CE, representing our community and witnessing the innovative solutions 3CE is capable of providing to the communities it serves.”

3CE charges will first appear on electricity bills beginning in February. Customers will continue receiving only one electric bill from PG&E, which includes both PG&E charges for transmission and distribution and as well as 3CE charges for electric generation. 3CE Electric Generation Charges replace PG&E’s generation charges. Moving forward, PG&E will only charge for electric transmission and distribution. While 3CE’s current renewable energy mix is higher than PG&E’s, 3CE has gone a step further by committing to 60% clean and renewable energy by 2025 and 100% clean and renewable energy by 2030; 15 years ahead of California’s SB100 goal of 100% zero-carbon energy by 2045. 3CE has already invested $1.1 billion in long-term renewable energy contracts and has a request for offers out for long-duration storage for renewable energy, all of which improve the reliability of renewable resources in California.

“Our expansion to serve 11 new communities in Monterey, San Luis Obispo and Santa Barbara counties marks an important transition in the 3CE’s development as a community choice energy agency,” shares 3CE CEO, Tom Habashi. “This expansion led to a name change, a larger board and most importantly a new direction and a real commitment to renewable energy. In 2021 and beyond, 3CE will serve customers in four counties and 29 cities along the California Central Coast.”

3CE service will begin for all non-solar electricity customers in enrolling communities throughout January and each customer will receive the final two mailed notifications in February and March 2021, highlighting who 3CE is, what the change means for customers, how the enrollment process will unfold and what benefits customers can look forward to. Solar or Net Energy Meeting (NEM) customers will be enrolled in one of three batches occurring in April, July and October to smoothen the transition for these uniquely qualified customers. Like all enrolling customers, NEM customers will receive mailed notifications 60 and 30 days prior to enrollment as well as 60 and 30 days after. As part of an ongoing outreach and advertising effort, 3CE’s Public Engagement team continues to be available to answer questions and address concerns via virtual office hours and residential and commercial webinars offered in both English and Spanish.

Enrolling residents and businesses are encouraged to learn more and attend free online webinars and virtual office hours. All enrollment information and virtual events are available here: https://3cenergy.org/2021-enrollment/

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About Central Coast Community Energy

Central Coast Community Energy (3CE) is a public agency that sources competitively priced electricity from clean and renewable energy resources. 3CE is locally controlled and governed by board members who represent each community served by the agency. Revenue generated by 3CE stays local and helps keep electricity rates affordable for customers, while also funding innovative energy programs designed to lower greenhouse gas emissions and stimulate economic development. 3CE serves more than 400,000 customers throughout the Central Coast, including agriculture, commercial and residential customers in communities located within Monterey, San Benito, San Luis Obispo, Santa Barbara and Santa Cruz counties. Learn more at 3CEnergy.org and on social media, including Facebook, Instagram and Twitter @3CEnergy.

Central Coast Community Energy | 3CE                                 
Shelly Whitworth
Senior Energy Media Specialist
Tel: +1-831-229-0277
swhitworth@3CE.org

Silicon Valley Clean Energy Receives ‘A’ Issuer Credit Rating from S&P Global Ratings

Silicon Valley Clean Energy


 Silicon Valley Clean Energy Receives ‘A’ Issuer Credit Rating from S&P Global Ratings

Second credit rating supports stable financial outlook

Sunnyvale, Calif. – On January 5, S&P Global Ratings assigned an ‘A’ issuer credit rating to Silicon Valley Clean Energy (SVCE). This credit rating, the second investment-grade credit rating for SVCE, reflects the assessment completed by S&P Global, and speaks to SVCE’s financial strength and robust energy risk management policies.

“Silicon Valley Clean Energy continues to leverage financial stability to build partnerships and procure electricity that has a meaningful impact on the environment and in our communities. New opportunities from this credit rating allow SVCE to provide affordable clean electricity while continuing to fund innovation and decarbonization programs within the SVCE service area,” said SVCE CEO, Girish Balachandran.

S&P Global’s ‘A’ rating recognizes the stability of the customer base since service began in 2017, a diverse clean power supply, low rates and internal credit-supportive policies seen at SVCE. S&P Global views SVCE financial and enterprise profiles as strong, with approximately $160 million in cash reserves.

The ‘A’ rating will enable SVCE to negotiate new energy supply contracts at lower costs, resulting in lower energy rates for customers. It also offers further transparency for SVCE customers on the agency’s financial standing. SVCE seeks these benefits for its customers, to continually offer clean, affordable energy while investing funds back into the communities it serves, with the overall goal of reducing emissions in the electricity, transportation and building sectors.

In 2020, SVCE received a Baa2 credit rating credit rating from Moody’s.

S&P Global’s rating can be found here.


About Silicon Valley Clean Energy

Silicon Valley Clean Energy is a not-for-profit, community-owned agency providing clean electricity from renewable and carbon-free sources to more than 270,000 residential and commercial customers in 13 Santa Clara County jurisdictions. As a public agency, net revenues are returned to the community to keep rates competitive and promote clean energy programs. Silicon Valley Clean Energy is advancing innovative solutions to fight climate change by decarbonizing the grid, transportation, and buildings. Learn more at SVCleanEnergy.org.

Media Contact: 
Michaela Pippin, michaela.pippin@svcleanenergy.org, 408-721-5301 x1020

Peninsula Clean Energy Signs Trio Of Wind Contracts

 245MW supplements growing solar generation toward 2025 100% renewable goal

REDWOOD CITY, CA – Jan. 5, 2021 – Peninsula Clean Energy has agreed to procure 245 megawatts of power from three California wind projects, a significant supplement to a growing portfolio of solar generation that is helping the agency achieve its goal of providing reliable all-renewable, emission-free power by 2025.

The three contracts Peninsula Clean Energy has signed:

  • Shiloh I: A seven-year extension, through 2030, of an existing 150-MW wind project in Solano County with Avangrid Renewables. The current five-year term ends in December 2023.
  • Voyager II: Eight years, through 2028, with Shell Energy North America (US), L.P., for half of the capacity and renewable energy generated by the existing ~130-MW wind project near Mojave, CA.
  • Sky River: Half of the expected 60MW generated for 20 years from this project being repowered by a subsidiary of NextEra Energy Resources near Bakersfield in Kern County, CA. The project, which will repower an existing facility by replacing 157 existing turbines with 11 new turbines for Peninsula Clean Energy’s portion, is expected to be operational by September 2021.

The additional wind generation will bring Peninsula Clean Energy closer to meeting its goal of providing 24/7 renewable-only generation by 2025. It will supplement solar generation – including supply from the newly commissioned 200-MW Wright Solar and 100-MW Mustang Two Whirlaway projects – particularly during colder months and other times when solar power has traditionally waned.

“In order to hit our 100 percent renewable goal we will need some significant contributions from wind energy,” Peninsula Clean Energy CEO Jan Pepper said. “We are particularly gratified to have longer-term commitments in a highly competitive market for wind energy projects that will help us further push the envelope in giving our customers clean and affordable power.”

“We are pleased to work with Peninsula Clean Energy to bring additional low-cost, renewable energy to its customers and economic growth to California,” said Matt Handel, senior vice president of development for NextEra Energy Resources. “Once construction on this upgrade is completed, our project partners will enjoy an improved wind project that is more efficient and produces cost-effective energy.”

About Peninsula Clean Energy
Peninsula Clean Energy is a Community Choice Aggregation agency. It is the official electricity provider for San Mateo County and, beginning in 2022, for the City of Los Banos. Founded in 2016 with a mission to reduce greenhouse gas emissions in the county, the agency serves 295,000 customers by providing more than 3,500 gigawatt hours annually of electricity that is 100% carbon-free and at lower cost than PG&E. As a community-led, not-for-profit agency, Peninsula Clean Energy makes significant investments in our communities to expand access to sustainable and affordable energy solutions. Peninsula Clean Energy is on track to deliver electricity that is 100% renewable on a 24/7 basis by 2025. The agency has earned investment grade credit ratings from Moody’s and Fitch.

Follow us at PenCleanEnergy.com, on Twitter and Facebook (@PenCleanEnergy) and on LinkedIn.

Media Contact
Darren Goode
Peninsula Clean Energy
dgoode@peninsulacleanenergy.com
(202) 550-6619

East Bay Community Energy Commits to 100% Clean Energy by 2030

FOR IMMEDIATE RELEASE
December 17, 2020

Contact Information:
Annie Henderson
ahenderson@ebce.org
510-640-9681

East Bay Community Energy Commits to 100% Clean Energy by 2030

Newly approved policy meets state goal 15 years ahead of schedule

Oakland, CA (December 17, 2020) – Last night, the East Bay Community Energy (EBCE) Board of Directors approved a policy to set a target of providing its nearly 1.7 million East Bay customers with 100% clean power by 2030 – a full 15 years before the state’s energy standard. This policy also recognizes the need for bold action to fight climate change while addressing the needs of our community.

The board action sets EBCE, the local community choice energy provider of electricity for most of Alameda County and soon to include the city of Tracy in San Joaquin County, as one of the largest electricity providers in the country to commit to 100% clean power by 2030[1] – and the largest of other local community choice energy providers that have set similar goals.

Board materials on this topic are available here.

“By setting itself on an aggressive path to meet 100% clean renewable energy by 2030, East Bay Community Energy is demonstrating that the future can be fully powered by renewable energy. This type of leadership is more critical than ever as we work to decarbonize California’s economy and as the United States seeks to re-engage globally on climate action.”

– Angelina Galiteva, California Independent System Operator Board of Governors

“East Bay Community Energy 100% clean energy target by 2030 demonstrates that local communities can boldly lead on climate solutions. As a Berkeley resident, and lifelong Californian, I am proud of my local community choice energy agency for taking this critical step in supporting California’s global clean energy and climate leadership.”

– David Hochschild, California Energy Commissioner

“East Bay Community Energy’s commitment to procuring clean energy has already resulted in contracts for over 500 megawatts of new California wind, solar, and energy storage, and in 2021, EBCE expects to contract for several hundred more megawatts of clean energy. This positions EBCE well to meet its 100% clean energy goals. Through this procurement, EBCE is also focused on bringing the benefits of clean energy – jobs, resiliency, healthy air, and lower costs – to residents and businesses across the East Bay.”

– Dan Kalb, Chair of the Board, EBCE; Councilmember for City of Oakland

“East Bay Community Energy’s 100% clean energy goal is the critical underpinning of EBCE’s broad plan to transform the energy systems across the East Bay. From building new wind farms in Altamont Pass to energy storage systems to replace fossil fuel power plants in West Oakland. This commitment, and the investments that come with it, will create good, family-sustaining jobs in our communities while also improving our environment.”

– Dianne Martinez, Vice-Chair, EBCE; Councilmember for City of Emeryville

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About East Bay Community Energy (EBCE)

EBCE is a not-for-profit public agency that operates a Community Choice Energy program for Alameda County and eleven incorporated cities, serving more than 550,000 residential and commercial customers throughout the county. EBCE initiated service in June 2018 and will expand to the cities of Pleasanton, Newark, and Tracy in 2021. As one of 19 community choice aggregation (CCA) programs operating in California, EBCE is part of the movement to expedite the climate action goals of their communities and those of California. EBCE is committed to providing clean power at competitive rates while reinvesting in our local communities. For more information about East Bay Community Energy, visit ebce.org.

Applications for $14M in EV charging station incentives open in San José

EV Charging Stations

Applications for $14M in EV charging station incentives open in San José

Starting today, businesses, commercial property owners, and multifamily residences in San José can apply for significant rebates on eligible Level 2 and DC Fast charging equipment and installation costs through the California Electric Vehicle Infrastructure Project (CALeVIP). CALeVIP is a partnership with the California Energy Commission (CEC) to offer $14 million in incentive funding to increase the number of electric vehicle (EV) charging stations in our city. Applications can now be submitted on the CALeVIP website.

The project will fund approximately 1,400 Level 2 connectors and 100 DC Fast chargers in San José, essentially doubling the current public charging infrastructure in our city. At least 25% of incentive funds will be distributed to installations in low-income and disadvantaged communities to further improve access to this infrastructure and move the needle on EV adoption. CALeVIP’s program administrator, Center for Sustainable Energy (CSE), will also provide technical assistance to ALL San José multifamily residences, as well as workplace, public, and commercial properties located in low-income and disadvantaged communities.

Project funding is expected to be in high demand, so applicants are encouraged to apply quickly. To learn more about the application process, visit the Peninsula-Silicon Valley Incentive Project page.

For more information about this exciting project, read our press release.

International Credit Rating Agency Assigns First Time Rating for CleanPowerSF

NEWS RELEASE
SFPUC Contact:
Will Reisman
415-551-4346
wreisman@sfwater.org

FOR IMMEDIATE RELEASE
December 15, 2020

International Credit Rating Agency Assigns First Time Rating for CleanPowerSF

Moody’s Investors Service Assigns A2 Issuer Rating for SFPUC’s renewable energy program—one of the highest such ratings in the state

San Francisco, CA –Moody’s Investors Service, an internationally recognized credit rating agency, has assigned an A2 credit rating for CleanPowerSF, the San Francisco Public Utilities Commission’s local renewable energy program.

Moody’s rating of A2 indicates that CleanPowerSF has a strong capacity to meet its financial obligations and that such financial obligations are subject to low credit risk. The first-time credit rating is one of the highest such assessments for programs in the state’s Community Choice Aggregation (CCA) community, which includes CleanPowerSF.

“This credit rating exceeded our expectations and shows once again how CleanPowerSF is a model for both environmental sustainability and financial stability,” said SFPUC Acting General Manager Michael Carlin. “With this rating, we can continue to provide low-cost, effective power services that meet our City’s ambitious climate action goals.”

According to Moody’s, the A2 Issuer Rating for CleanPowerSF was underpinned by the strength of its service area, the CCA’s ownership by the City and County of San Francisco, the SFPUC’s standing experience operating large utility enterprises with energy procurement, a common pool of experienced employees, as well as access to the unrestricted portion of the City’s general fund liquidity pool in the case of an emergency.

The strong initial credit rating from Moody’s for CleanPowerSF is the latest example of the SFPUC’s solid financial indicators. Earlier this year, the agency listed a $342 million taxable green bond offering for its Water Enterprise on the London Stock Exchange, a first ever for a US muni green bond.

In November 2019, Moody’s upgraded the SFPUC’s Water Enterprise credit rating to Aa2, and in June 2020, it upgraded the SFPUC’s Wastewater Enterprise credit rating to Aa2, rating increases that will allow the agency to borrow at lower interest rates. CleanPowerSF launched in 2016 with a mission to provide San Francisco residents and businesses with clean, renewable electricity at competitive rates. Following the largest and last enrollment period in April of this year, CleanPowerSF now serves more than 380,000 customer accounts in San Francisco.

Along with CleanPowerSF, the SFPUC operates Hetch Hetchy Power, which provides 100 percent greenhouse gas-free energy to public facilities such as City Hall, schools
and libraries, some private commercial developments, and affordable housing. Collectively, the two systems meet over 70 percent of the electricity demand in San Francisco.

About the San Francisco Public Utilities Commission
The San Francisco Public Utilities Commission (SFPUC) is a department of the City and County of San Francisco. It delivers drinking water to 2.7 million people in the San
Francisco Bay Area, collects and treats wastewater for the City and County of San Francisco, and generates clean power for municipal buildings, residents, and
businesses. Our mission is to provide our customers with high quality, efficient and reliable water, power, and sewer services in a manner that values environmental and
community interests and sustains the resources entrusted to our care. Learn more at www.sfwater.org.

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Los Altos, Sunnyvale Pass Clean Energy Building Codes

Los Altos, Sunnyvale Pass Clean Energy Building Codes

Santa Clara County communities lead the way to a clean, electric future

Santa Clara County, Calif. – The cities of Los Altos and Sunnyvale have now voted to adopt local amendments to the state building code, known as “reach codes”, to support construction of healthier, safer and emissions-free buildings. The two cities are joining a group of 11 other leading Santa Clara County communities that have adopted such reach codes over the past year.

The City of Los Altos passed amendments requiring new construction to be all-electric, with certain exemptions in single-family residential housing. Los Altos also passed electric vehicle (EV) charging reach codes which will increase the number of chargers in new construction, making charging more accessible for community members.

“The all-electric building codes for new construction adopted by Los Altos will meet state cost-effectiveness requirements and ensure that Los Altos continues to reduce emissions,” said Neysa Fligor, Vice Mayor of Los Altos and Silicon Valley Clean Energy (SVCE) board member. “Los Altos is proud to join with fellow Santa Clara County communities in encouraging the switch to clean electricity for a better tomorrow.”

The City of Sunnyvale passed all-electric reach codes for most new construction as the first phase of a multi-phase approach. Sunnyvale also passed EV charging reach codes to aid in the transition to clean, electric transportation.

“To reach our city’s climate action goals we must utilize the clean electricity we have access to,” said Nancy Smith, Vice Mayor of Sunnyvale and SVCE Vice Chair. “Using clean electricity in new all-electric buildings gives Sunnyvale an advantage in the fight against climate change, as a cost-effective way to reduce the amount of emissions our residents and businesses create every day.”

Locally, nearly half of all emissions come from transportation, and another one-third come from burning natural gas in buildings. Thirteen communities in Santa Clara County have now passed reach codes, making it clear that cities recognize that more must be done to significantly reduce pollution from buildings and transportation to meet the state’s carbon reduction goals.

To support member communities with the ongoing transition to all-electric construction, SVCE has partnered with TRC, a leading environmental consulting/engineering firm, to launch the Building Electrification Technical Assistance program. The program will provide free, extensive technical assistance to architects, builders, developers, design engineers, contractors, and energy consultants on all-electric building technologies and EV infrastructure. More information on this program can be found at https://allelectricdesign.org/.

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About Silicon Valley Clean Energy
Silicon Valley Clean Energy is a not-for-profit, community-owned agency providing clean electricity from renewable and carbon-free sources to more than 270,000 residential and commercial customers in 13 Santa Clara County jurisdictions. As a public agency, net revenues are returned to the community to keep rates competitive and promote clean energy programs. Silicon Valley Clean Energy is advancing innovative solutions to fight climate change by decarbonizing the grid, transportation, and buildings. Learn more at SVCleanEnergy.org.

Media Contact
Michaela Pippin
Communications Specialist
O: 408-721-5301 x1020
michaela.pippin@svcleanenergy.org