PeninsulaCleanEnergyBoardofDirectorsMee7ng

August24,2017

June23,2016

AgendaCalltoorder/RollcallPublicCommentAc7ontosettheagendaandapproveconsentitems

Agenda

1.ChairReport(Discussion)

RegularAgenda

RegularAgenda

2.CEOReport(Discussion)

Recruiting Update

•  WehavehiredaDirectorofFinanceandAdministra=on– ExpectedstartdateofSeptember23

•  Abouttohire:– Marke=ngAssociate– OutreachFellows(2)

•  Pos=ngforRegulatoryAnalystclosesAugust31

PCE Updates

•  Wehavemoved!– MovedinonAugust1– Newaddress:2075WoodsideRoad,RedwoodCity

•  SelectedPisen=&Brinkerasourauditor – WillconductFY16andFY17auditsnow;FY18andFY19infuture

PCE Board Retreat - Overview

•  ReplacesSeptember28boardmee=ng•  WillbeheldatnewPCEoffices–9amto2pm•  Tenta=vediscussionitems:–  IntegratedResourcePlan– LocalProgramDevelopmentCriteria– Marke=ngStrategy– PCEOrganiza=onsandStaffingPlan

Regular Agenda

3.Ci7zensAdvisoryCommiLeeReport(Discussion)

Regular Agenda

4.Marke7ngandOutreachReport(Discussion)

Regular Agenda

5.DirectPCEStafftopursueGreen-eCer7fica7on(Ac7on)

Regular Agenda

6.DirectPCEStafftopursuepar7cipa7oninTheClimateRegistryasameansofbeLerservingourlargecustomerswhouseagreenhousegas

accoun7ngprotocol(Ac7on)

Regular Agenda

7.AdopttheSchedule“S”StandbyRate(Ac7on)

13

8.RegulatoryandLegisla7veReport(Discussion)

July27,2017

JosephWiedmanSeniorRegulatory/Legisla=veAnalyst

Joseph

June23,2016

Regular Agenda

14

8.RegulatoryandLegisla7veReportAugust24,2017

JosephWiedman

SeniorRegulatory/Legisla=veAnalyst

Joseph

June23,2016

AugustRegulatoryAc7vi7es

15

–  “August”Filings•  CalCCAfiledCommentsonPCIAOIRonJuly31stinR.17-06-026(PCIAOIR).

•  CalCCAfiledTes7monyonJuly28thinR.03-10-003(CCABondMethodology).

•  CalCCAfiledCommentsonJuly31stinDocketNo.16-OIR-05(AB1110Implementa=on).

– OtherRegulatoryAc=vi=es•  July27th–CPUCworkshoponIRPmodeling.JosephWiedmanandEricWieneragended.

•  July31st– CalCCAmee=ngregardinglegisla=vestrategy.JosephWiedman,JanPepper,DavePineandDavidBurritoagended.

•  August3rd– CalCCAmetwithComm.PetermantodiscussPCIAOIR.JanPepperandJosephWiedmanagended.

AugustLegisla7veAc7vi7es

16

–  August23rd–SenateEnergy,U=li=es&Communica=onshearingonCCAstatusandgrowth.GeofSyphersrepresentedCalCCA.JosephWiedmanagended.

Regular Agenda

9.AuthorizetheChiefExecu7veOfficertoexecuteaPowerPurchaseAgreement(PPA)forRenewableSupplywithREMustangTwoWhirlawayLLC,andanynecessaryancillary

documents.PowerDeliveryTerm:December31,2019toDecember30,2034,in

anamountnottoexceed$220,000,000(Ac7on)

PROPRIETARY&CONFIDENTIAL

INTRODUCTIONTORECURRENTENERGY

PCEBOARDMEETING

8.24.2017

PROPRIETARY&CONFIDENTIALWWW.RECURRENTENERGY.COM

BUSINESSOVERVIEWRECURRENTENERGY

•  LeadingsolarprojectdeveloperandU.S.projectdevelopmentarmofCanadianSolar

•  Over$8Bincapitalsecuredtodatefromleadinglendersandinvestorsac=veintheenergysector

•  Provenaccesstocapitalthroughanetworkoffinancialpartnersthatenablesustodeliveru=litysolaratanyscale

•  4GWpprojectpipeline,morethan2.1GWpofpowercontractsexecuted,morethan1.9GWpopera=ng

•  Commigedandprovenpartnertothecommuni=eswherewedevelopprojects

•  RecurrentEnergywasthefirstdevelopertoprojectfinancea100%CCAolakesolarproject

–  3PPAswithMarinCleanEnergy;1PPAwithSonomaCleanPower

19

PROPRIETARY&CONFIDENTIALWWW.RECURRENTENERGY.COM

•  150MWacsolarPVproject–  100MWacdeliveredtoPCEstar=ng2019

•  LocatedinKingsCounty,CA•  ConnectsintoMustangSwitchingSta=on

(builtbyRecurrentEnergyforPG&E)•  Sitecontrolandexecutedinterconnec=on

agreement•  Executed5-craoProjectLaborAgreement

MUSTANGTWOSOLARPVPROJECTRECURRENTENERGY

20

•  Condi=onalUsePermit(CUP)underreview;expectedinQ12018

•  Construc=onwillbegin2018;commercialopera=onin2019

•  Es=mated400peakconstruc=onjobs•  1opera=ngprojectnearby;1addi=onal

projectindevelopmentinthesameloca=on

PROPRIETARY&CONFIDENTIAL

CONTACTCOLINCARDWELL

P:415.515.7910

F:415.675.1501

COLIN.CARDWELL@RECURRENTENERGY.COM

www.recurrentenergy.com

RegularAgenda

10.  ApproveResolu7ondelega7ngauthoritytotheChiefExecu7veOfficertoALesttotheAccuracyoftheInforma7onProvidedinPCE’s2016PowerContent

Label(Ac7on)

2016PowerContentLabel

23

–  Recommenda7on:•  ApproveResolu=ondelega=ngauthoritytotheChiefExecu=veOfficertoAgesttothe

AccuracyoftheInforma=onProvidedinPCE’s2016PowerContentLabel.(Ac=on)

–  CaliforniaPublicU=li=esCoderequiresallretailsellersofelectricenergy,includingPeninsulaCleanEnergy,todisclose“accurate,reliable,andsimple-to-understandinforma=ononthesourcesofenergy”thataredeliveredtotheirrespec=vecustomers.

–  Theformatfortherequiredcommunica=onsishighlyprescrip=ve,offeringligleflexibilitytoretailsellerswhenpresen=ngsuchinforma=ontocustomers.

–  ThePCLwillbepresentedtoallcustomersenrolledwithPCEasofDecember31,2016.

2016PowerContentLabel

24

Regular Agenda

11.ReviewDrajIntegratedResourcePlan(IRP)(Discussion)

26

PCE’s2017IntegratedResourcePlan(IRP)

BoardofDirectorsAugust24,2017

June23,2016

2017IRPSchedule

27

Date Event

Thursday,August24 DiscussionatAugustBoardMee=ng

Saturday,September23 UpdateatSeptemberBoardRetreat

Thursday,October19 ApprovalVersionofIRPDistributedtoBoardMembers

Thursday,October26 ApprovalRequestedatOctoberBoardMee=ng

DrajIRPContents

28

•  Execu=veSummaryandPolicies•  ElectricLoadForecast•  ProcurementPrinciplesandTargets•  ProcurementMethods•  DevelopingLocalResources

Execu7veSummaryandPolicies

29

•  Summary:theIRPaddresseshowPCEwill:–  Meetitspolicyobjec=vesoveraten-yearplanningperiod,2017-2026–  Fulfillkeyregulatorymandatesandvoluntaryprocurementtargetsrelatedto

renewable,GHG-freeandconven=onal(non-renewable)energy–  ManageaporvolioofenergyandcapacityresourcestomeetPCE’stargetsfor

ECOplus,ECO100andGHG-freeproducts

•  Policies:theIRPstatestheBoard-approvedpoliciesrela=ngtopowerresources,andiden=fiesaddi=onalpolicyques=onsincluding:–  ShouldPCEowngenera=onfacili=es?Ifso,whatcriteriashouldapply?–  HowmuchshouldPCEbeexposedtothemarketforitsprocurement?–  ShouldPCEhaveaFeed-inTariff(FIT)program?–  HowshouldPCEapproachmee=ngaddi=onalregulatorymandates,suchasthe

energystoragemandate,andothers?

PCE2017Es7matedResourceMix

30

2017ResourceMixEco100

Biomass Geothermal SmallHydro Solar Wind

2017ResourceMixEcoPlus

Biomass Geothermal SmallHydro Solar Wind LargeHydro Conven=onalEnergy

RegularAgenda

12. BoardMembers’Reports(Discussion)

RegularAgenda

Adjourn