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the Bay Area, PG&E has already met and exceeded the 2020 RPS target of 33%. One explanation for PG&E's rapidly growing renewable portfolio is their diminishing customer load with the establishment of CCAs. Since MCE began in 2010, PG&E has experienced a rapid load reduction. In 2018, approximately ten new CCAs launched in California, including EBCE. As customers leave IOUs for CCAs, the IOUs are able to serve the diminishing customer base with a proportionally higher amount of renewable energy, even if PG&E is not signing any new renewable and carbon -free contracts. Additionally, in 2018, 34% of PG&E's electricity mix came from the Diablo Canyon nuclear facility, which is scheduled to close in 2025. Nuclear power is an important part of PG&E's carbon -free electricity portfolio, and this energy source will need to be replaced quickly. Also, PG&E's electric portfolio consists of 15% natural gas. Natural gas is comprised of approximately 90% methane, which emits greenhouse gasses that are roughly 30 times more potent than CO2 into the atmosphere. Lastly, according to EBCE's Public Engagement Manager, EBCE's Bright Choice option consists of a minimum of 38% renewable and 85% carbon -free electricity. These figures represent a floor, not a ceiling. Based on their most recent numbers submitted to the California Energy Commission (CEC), they expect their 2018 supply to be 42% renewable, 20% carbon -free large hydroelectric, and another 29% carbon -free power reported as "unspecified" for approximately 90% total carbon -free for the year. EBCE expects to have the above figures verified by the CEC in the coming months. In any event, it is worth noting that EBCE's second -tiered Brilliant 100 option costs the same as PG&E's standard plan but has at least 40% renewable and 100% carbon -free energy. Similar to other CCAs, EBCE has planned to enter into long-term renewable energy PPAs as it begins to generate revenue. As of June 24, 2019, EBCE has signed more than 400 megawatts of new renewable energy generation and 50 megawatts of energy storage and continues bring on more projects. The projects are: 1. Oakland Clean Energy Initiative Project #1: 10 -year agreement, 20 MW of energy storage. 2. Summit Wind Project: 20 -year agreement, 57.5 MW of wind energy near Livermore. 3. Luciana Project: 15 -year agreement, 56 MW of solar energy in Tulare County. 4. Sonrisa Project: 20 -year agreement, 100 MW of solar energy and 30 MW of energy storage in Fresno County. These four long-term contracts are all within California (two within Alameda County) and will help diversify EBCE's portfolio. If past trends of other CCAs are any indication, EBCE's renewable portfolio should grow over time. For example, MCE began with its basic package at 50% renewable. and now, nine years later it is at 61 %. EBCE's large customer base should allow for opportunity to improve EBCE's carbon -free and Page 11 of 20