Page 27 - Stay Program News Today

good morning and welcome to the local Agency Formation commission as a joint meeting with the Public Utilities commission. My name is chair avalos, john avalos chair of the lafco. I am joined by other lafco members, commissioner olague and commissioner pimentel. This is a joint committee so i will pass on the mic on our chair from the Public Utilities commission. Yes, art torres member of puc and other members. Thank you very much for being here. We make a very legionary and strong quorum on t...

Thought about creating the outreach plan . Yeah, so the actual rate will be adopted probably in about the august time frame and the way well, the factors that play that are causing us to take this approach under our shell master agreement once that is signed then shell is able to present to us a portfolio of resources and a price that they are willing to commit to for the four and a half years. Thats going to be the price that actually sets the actual rate. In order to have that Firm Commitment ...

Enrollment effort . Yeah, i think the if memory serves me its in like 47 to 52 in the deepest green areas. More than half the folks in the areas which is close to the retention rate that we measured for the tier one customers . Yeah, right; right. And so by the Second Quarter by the end of june we will have completed these activities and be in a position to ask our commission to decide the final size of the program because we will have completed the survey and the early notification and really b...

Language and geography and demographics . Yes. All right. Thank you. Any other questions . Commissioner moran. Thank you chair. We received correspondence suggesting in our effort to fully inform everybody what opt out means that were getting close to a opt in program that would violate state law, and i assume that we have looked at what the limits are that the law imposes on us. Would you elaborate a little bit how what were doing has been shaped to fit within the state law or on the other hand...

That absent of prepayment we need 26 onetime rate increase. Followed by smaller ones after that. However now we would be able to shave off 14 . A pretty material amount of money as lower rate increases in 14 and 15. The schedule is for your consideration, and then to the board of supervisors in january, and bawsca would be teed up to the bonds in january. Thank you. Commissioner moran. I would like to make a comment. This is amazingly good. Its something where a need was identified that turned o...

Customers is cost savings. Because of low interest rates. 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 a...

Active and interested customers, and thats what we expect to make the final call on the Overall Program size in june, so then we move on to the third and Fourth Quarter activities which go to the largely the state required opt out portion. The state requires that four opt out mailers be sent to each customer that we intend to include in our cleanpower sf program. We will be in a position then as we talked before to know what the actual price is, not the not to exceed rate, but the actual wholesa...

Conduct requirement came out of the experience that pg e and marin energy had when marin energy launched its program so the code of conduct puts certain restrictions on both parties, the utility, in our case pg e and on us as a cca. Broadly speaking it prohibits either party from misleading customers. It requires that any expenditures that pg e incurs to actively market against the program cannot be reimbursed by rate payers and shared by shareholders. It allows pg e to answer questions and educ...

Mailers regionalized by language and geography and demographics . Yes. All right. Thank you. Any other questions . Commissioner moran. Thank you chair. We received correspondence suggesting in our effort to fully inform everybody what opt out means that were getting close to a opt in program that would violate state law, and i assume that we have looked at what the limits are that the law imposes on us. Would you elaborate a little bit how what were doing has been shaped to fit within the state ...

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...