This resolution increases the budget for CleanPowerSF's administrative costs related to its participation in the California Community Power Authority by $3,513,385, raising the total limit to $8,286,095. The duration of this budget remains unchanged, running from January 1, 2024, to December 31, 2048.
Resolution approving an increase in the not to exceed amount for the general and administrative cost for CleanPowerSF’s participation in the California Community Power Authority by $3,513,385 for a new total not to exceed amount of $8,286,095 with no change to the term duration, from January 1, 2024, through December 31, 2048, pursuant to Section 9.118 of the Charter.
How it got here
The legislation originated from the need to increase funding for CleanPowerSF's participation in the California Community Power Authority due to rising administrative costs.
The Board established a Community Choice Aggregation program called CleanPowerSF to provide cleaner electricity alternatives.
The Board authorized CleanPowerSF to join the California Community Power joint powers authority and approved the related agreement.
The SFPUC Commission approved CleanPowerSF's share of CC Power's administrative costs for 25 years, totaling $4,772,710.
The Board reauthorized CleanPowerSF's contributions to CC Power's ongoing expenses for a not to exceed amount of $4,772,710 for 25 years.
The CC Power Board adopted a budget for ongoing administrative activities, which included a pro-rata share for CleanPowerSF.
The SFPUC Commission approved an increase in the not-to-exceed amount for CleanPowerSF's contributions to $8,286,095 for 23 years.
The Board adopted the resolution to increase the not-to-exceed amount for CleanPowerSF's participation in CC Power to $8,286,095.
Reconstructed from attached documents & the official record
