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Community Choice Aggregation Feasibility Analysis Alameda County Table 15. Initial Investment within Alameda County from Proposed CCA 2017 to 2030 CCA Local Capture on RE As%of County's As%of County's Bill Savings Total RE Expected Economic Scenario investments(billion$) investment Activity (billion$) 1 $0.42 44% 0.01% $1.57 2 $0.42 44% 0.01% $1.51 3 $0.45 45% 0.01% $0.52 As can be seen from the table, the initial local investment that would result from building and operating additional renewable projects in Alameda County between the years 2017 to 2030 represents a very small portion of the County's total expected economic activity,44 even assuming all of the project costs are directed locally(usually 56% of the project costs would be funneled outside the county due to procurement of equipment from outside the county). By contrast bill savings for scenarios 1 and 2 provide over three fold the benefits of initial local investment. These bill savings indirectly stimulate the economy and ultimately create jobs. Table 16 illustrates this through high-level results expressed as average annual job changes for the three CCA scenarios. While scenarios 1 and 2 create nearly identical direct jobs (due to comparable investment in local renewable projects), scenario 1 creates far more TOTAL jobs. This is due to the higher bill savings under scenario 1. Scenario 3 creates a few more direct jobs, but far fewer total jobs, due to decreased bill savings as compared to the other two scenarios. As a result, its total job impact is 55 percent of the scenario 1 total job impact. A more detailed discussion of these results will follow later. Table 16. Average Annual Jobs created in Alameda County by the CCA— Direct and Total Impacts 2017—to—2030 County Impacts Local Capture on RE Average Average CCA investments Bill Savings Annual Annual Scenario (billion$) (billion$) DIRECT Jobs TOTAL Jobs 1 $0.42 $1.57 165 1322 2 $0.42 $1.51 166 1286 3 $0.45 $0.52 174 731 44 Forecast to be$3,500 billion(nominal).Source REMI Policy Insight model,Alameda County forecast. July,2016 34 MRW&Associates,LLC