Sure obviously if were surveying people and were presenting these numbers, and the actual is actually lower that were not, you know, unintentionally creating a fear, anxiety among potential customers that isnt based in, you know, what is the ultimate figures or whatever. Thats all. Yeah. Okay. Thank you. So by march then we will have this not to exceed rate that we have talked about, and we will move forward into the actual sort of retail part of our early Notification Program where we will be focusing on the residents that are in the deep green precincts and this is a refreshed informed deep green from the survey that we just took and we will talk to those folks. We anticipate working with Community Based organizations and programs like environment now to target 20,000 households. We expect that we will actually reach and have direct conversations with 5400 households and that means were looking at being 99 confident of the results of this survey with a not more than 2 margin for erro
Are the areas we will be focusing on. We do have detail numbers behind the picture that we could certainly share with you, and have shared with the puc previously. Okay. Very good. Commissioner mo ran. Thank you through the chair do we know what the pg e premium is likely to be for their green offering. In their initial proposal it was stated if memory serves me at not more than 2 cents 2. 5 cents over what they currently charge customers b again that is a proposal. It will go through the cupuc process and may change. When you say 2. 5 cents is that literally like the 21. 97 would go to 21. 99 . Harlan kelly, general manager, so its about 6 per month versus 11dollar premium that we have equivalent to 6. Yes, and thats for thats reflective for the cost difference between providing a Renewable Energy credit versus firmed and shaped renewable power, so its the product difference that is embedded in that price difference which goes to commissioner olagues statement that people need to unde
Notification and education phase at that point. Were not proposing to serve a customer until october under this program. Okay. I guess i am wondering if were surveying people do we have these actual rates and not to exceed rates in place otherwise we shouldnt be surveying people if were misleading them. We dont serve anybody i mean surveying. Oh surveying. Excuse me. Okay. I dont see the point to surveying people if were creating some kind of maybe anxiety or fear around these rates that may not end up being the reality. So i just wanted to point out that the reason were surveying is to measure the appetite of what that price point is, and so what were seeing okay. What number would be you be comfortable staying with this program . And were seeing based on the numbers were seeing now and if we get the same number now would you stay in the program for all these benefits that this program will offer . And its consistent with what we have done better and hopefully we will get better resul
Lofty values in a good place so i want to make sure when were approaching and informing customers about the incomes in rates that. Increases in rates that it balances with some information about the value of trying to reach these goals that the city has put forward which have to do with makes sure that we get to 100 renewable Electricity Supply within 10 years, so i think how people are informed is pretty critical. Yes, yes. And thats largely why were making the presentation today is to talk through what the different methods are. Yes. We dont get to the level of detail of actual scripts but we do have examples of the questions we will be asking and the information we will be providing, and this bill premium chart is a good example of just the level of detail we can provide customer when is we talk with them because we will know what tier theyre in and can say what your typical bill is like today and what it would like if you stay with the cleanpower sf program. Its deeper than the cos
And its the same story you heard on us selling to low cost bonds. To repayors its a timely difference of when we receive money. It allows us to smooth out and have lower rate increases over the next five years. On the other hand we wont have interest earnings on the portion no longer outstanding. Its a trade off. But contractually wholesale customers are able and have the right to do this under the contract. Before you is the prepayment and collection agreement and the tax certificate. Because thats integral on the tax exempt borrowing that bawsca will be doing on the proceeds. The use of proceeds is a commitment that we make in the representation of the tax covenant. It says that we will use these for eligible tax proceeds. We have plenty of items that you approved. And they include our Capital Project expenditures that are appropriated to large part. And includes the repayment of bonds. By using these proceeds to repay bond service it allows low increases for rate payors. This gives