CCMIN 07202021 - Laserfiche WebLink

Councilmember Arkin moved to approve the resolution approving Livermore-Amador Valley Water Management Agency refunding revenue bonds and related documents and actions and the rest of staffs recommendations. Councilmember Testa seconded the motion. MOTION: It was m/s by Arkin/Testa to approve the resolution approving Livermore-Amador Valley Water Management Agency refunding revenue bonds and related documents and actions and the rest of the staffs recommendations. Motion passed by the following vote: Ayes: Councilmembers Arkin, Balch, Narum, Testa, Mayor Brown Noes: None Absent: None 20. Consider a resolution designating Renewable 100 as the default electricity product for Pleasanton's residential, commercial, and industrial accounts Management Analyst Zack Reda reported EBCE purchases electricity for its customers and Pacific Gas and Electric (PG&E) delivers the power, maintains the grid, and handles the billing. EBCE launched in 2018 with three products: Right Choice, Any Brilliant 100, and Renewable 100. In September 2019, the City Council unanimously voted to join EBCE and in January 2021, designated Brilliant 100 as the default for all residential and commercial customers to help the City achieve its Greenhouse Gas Emission reduction goals and customers would see no change in costs compared to PG&E. Municipal accounts were enrolled in Renewable 100 and residential customers enrolled in California Alternate Rates for Energy Program (CARE), Family Electric Rate Assistance Program (FERA), or Medical Baseline were enrolled in Bright Choice. Customers will always retain the right to opt-out and return to PG&E any time or change their EBCE service option to a different level. EBCE has faced financial challenges with providing Brilliant 100 and the product is sunsetting on January 1, 2022. Mr. Reda also advised the City's Climate Action Plan 2.0 is currently in development and providing 100% carbon-free electricity to the community has been identified as a potential action in the draft plan and would help Pleasanton make significant progress towards its 2030 goals. The new choices for the default product are Bright Choice which is 5% more renewable energy but less carbon-free energy than PG&E, and at slightly lower rates and Renewable 100, which is 50% solar, 50% wind from wind power from California and costs about $5 more per month for the average residential customer. He presented four options and noted all have Bright Choice as the default product for residents enrolled in discount programs such as CARE, FERA, and Medical Baseline. Option 1 is Renewable 100 for residential and commercial customers which would result in a rate increase for all customers but would keep the electricity carbon-free which aligns with the City's CAP 2.0 2030 goals. Option 2 places all customers in Bright Choice resulting in the largest emissions increase and small bill savings for all Pleasanton customers. Option 3 is Bright Choice for residential customers and Renewable 100 for commercial customers. The City's emissions would increase, Pleasanton businesses would pay between 3.7% and 5.1% more for their electricity and residents would receive minor bill savings of approximately $0.50 per month. Option 4 is Renewable 100 for residential customers and Bright Choice for commercial customers. The City's emissions would increase and result in about a 5% decrease in cost for Pleasanton businesses and approximately a $5 increase for Pleasanton residents. Management Analyst Reda provided a brief overview of electrical load by customer category. He advised if the City Council selects Renewable 100 most customers would see a rate increase of no more than 4.18% but the City's large commercial customers would see the largest increase to rates. City Council Minutes Page 11 of 14 July 20,2021