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HomeMy WebLinkAboutJPA - Cmmnty Choice Aggregation Energy PgrmREQUEST: SUBMITTED BY: DATE: CONTENTS: Recommendation CITY OF PALM DESERT COMMUNITY DEVELOPMENT DEPARTMENT STAFF REPORT REQUEST FOR DIRECTION RELATED TO ENTERING INTO A JOINT POWERS AGREEMENT TO IMPLEMENT A COMMUNITY CHOICE AGGREGATION ENERGY PROGRAM FOR THE COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS (CVAG) REGION Ryan Stendell, Director of Community Development June 8, 2017 Draft Joint Powers Agreement Correspondence from CVAG By Minute Motion: 1. Direct staff to investigate potential risks and benefits related to involvement in a Joint Powers Agreement (JPA) implementing a Community Choice Aggregation (CCA) program and report back to the City Council at its meeting of July 13, 2017. Strategic Plan Obiective Energy and Sustainability Priority 2: Promote greater usage of more sustainable materials. One of the most advantageous goals of existing CCAs is to purchase bulk power from more sustainable power providers, which meets the intent of the above - mentioned strategic plan goal. Background This report is intended to provide the Council with additional information about CCA's, provide an update on information received at the most recent CVAG CCA Ad Hoc Committee Meeting, and receive direction for how to proceed. What is a CCA? California legislation allows cities, counties, or regions to undertake electric power supply responsibilities on behalf of customers within their jurisdictions that are currently served by investor -owned utilities (i.e. Southern California Edison). The Staff Report CVAG: Community Choice Aggregation Page 2 of 4 June 8, 2017 existing investor -owned utility (IOU) continues to be responsible for the infrastructure and related local distribution services. Customers within the defined boundary have the option to purchase power directly from the IOU or from the local CCA. Why Participate in a CCA? Through CCA, local governments and their constituents can possibly achieve a powerful range of objectives: • Potentially reducing retail power rates. • Providing power supply with a lower carbon footprint. • Enhancing local control of rate structure, and sourcing of power. • Contributing to local climate action goals. How Do You Pay for It? CCAs are revenue based not govemment subsidized, and generate their revenue from selling power. Electricity rates that consumers used to pay to IOUs are bundled and redirected to support the group purchase of electricity through the local CCA program. Discussion CVAG has been studying the potential for a CVAG region CCA, and believes it may be of interest to certain members. CVAG recently conducted a feasibility study in conjunction with two other regional associations of government (San Bernardino Associated Governments & Western Riverside Council of Governments), and suggests there might be a possible reduction in retail power costs of three to five percent (3-5%). CVAG staff has been careful to caution that most CCAs do not result in a net savings to the consumer; however, allow a region to choose a more sustainable network of purchased power. In the most recent presentation, CVAG outlined the steps necessary to fully implement a CCA, which are outlined below: • Governance Structure: The CCA Ad Hoc Working Group is proposing utilizing a new Joint Powers Agreement inclusive of Blythe, Cathedral City, Desert Hot Springs, Indian Wells, Palm Desert, and Palm Springs to serve as the governing body for the CCA. In this case, CVAG would assist with the creation of the JPA, with the CCA spinning off as an independent agency after five (5) years. • Potential Upfront Financing Options: If a new CCA is formed, there are upfront costs of hiring staff who will be responsible for setting up this new agency and beginning to purchase bulk power. Many private firms view investments in startup CCAs as lucrative, and CVAG has proposed the notion that our local members Staff Report CVAG: Community Choice Aggregation Page 3of4 June 8, 2017 might want to fund the startup in return for a favorable return on investment. Potential startup costs are estimated at a maximum of 2.5 million. • Benchmark Steps for Forming a CCA: CVAG staff, a consulting team, and an Ad Hoc Working Group have set a very aggressive goal of launching a regional CCA by May 2018. The first step in that process is having each city consider a Joint Powers Agreement, which would commit the City of Palm Desert into the process. CVAG has requested each jurisdiction consider their inclusion by July of 2017. • Rates and Rate Structure: CVAG staff has provided a summary for rate structures in place at other CCAs in California. It has been communicated to the Ad Hoc Working Group that the purchase of bulk power is favorable at the moment, and IOUs are willing to work with CCAs, which is one reason for the aggressively timed process. Once long-term bulk power purchase agreements are in place, rates to the consumer are at the sole discretion of the CCA. Analysis Mayor Pro Tem Jonathan and staff have been regularly attending the Ad Hoc Working Group meetings hosted by CVAG. CVAG has requested that agencies formally vote on inclusion of the JPA by July 2017. It is important to note that the operation of utilities is not a service that is provided by the City, and is not an area in which staff has high level of expertise. Staff believes the concept of a CCA is intriguing; however, is concerned about the speed at which this process is moving, and has not had the opportunity to thoroughly investigate the proposed concept independent of the information provided by CVAG. Staff believes that it would be sensible to study the following questions: 1. What is the worst case scenario, and what are the implications to the City? 2. What is the likelihood of that scenario? 3. Can we mitigate that scenario/liability? Staff has requested that CVAG prepare a memo addressing the above referenced concerns which can be further reviewed by City staff prior to the July 13th City Council meeting. Staff is also inquiring as to whether funding the CCA's initial startup costs should be considered in any future actions. Such investment would not be in keeping with the City's adopted investment policy. Staff Report CVAG: Community Choice Aggregation Page 4 of 4 June 8, 2017 Fiscal Analysis There is no fiscal impact related to this report. Further study of fiscal impact will be conducted based on the direction received from the City Council. 1 Ryan Stendell, Director of Community Development Reviewed: ru Janet re, Director of Finance Approval: Lauri Aylaian, City Manager COACHELLA VALLEY COMMUNITY ENERGY AUTHORITY (placeholder, JPA name to be determined) JOINT POWERS AGREEMENT (changes from 5/15/2017 version shown in italics) This Joint Powers Agreement ("Agreement"), effective as of , 2017 is made and entered into pursuant to the provisions of Title 1, Division 7, Chapter 5, Article 1 (Section 6500 et seq.) of the California Government Code relating to the joint exercise of powers among the parties set forth in Exhibit B (individually "Party" or "Member", collectively "Parties" or "Members"). The term "Parties" or "Members" shall also include an incorporated municipality or county added to this Agreement in accordance with Section 2.4. RECITALS A. The Parties share various powers under California law, including but not limited to the power to purchase, supply, and aggregate electricity for themselves and customers within their jurisdictions. B. In 2006, the State Legislature adopted AB 32, the Global Warming Solutions Act, which mandates a reduction in greenhouse gas emissions in 2020 to 1990 levels. The California Air Resources Board is promulgating regulations to implement AB 32 which will require local governments to develop programs to reduce greenhouse gas emissions. C. The purposes for entering into this Agreement include: a. Reducing greenhouse gas emissions related to the use of power throughout the jurisdictions of the Parties and neighboring regions; b. Providing electric power and other forms of energy to customers at a competitive cost; c. Carrying out programs to reduce energy consumption; d. Stimulating and sustaining the local economy by developing local jobs in renewable and conventional energy; and e. Promoting long-term electric rate stability, energy security and reliability for residents through local control of electric generation resources. D. It is the mission and purpose of this Agreement to build a Community Choice Aggregation program that is locally controlled and delivers cost -competitive clean electricity, product choice, price stability, energy efficiency and greenhouse gas emission reductions. E. It is the intent of this Agreement to promote the development and use of a wide range of renewable and efficient energy sources and energy efficiency programs, including but not limited to solar, wind, and biomass energy production. The Coachella Valley Community Choice Aggregation 1 Draft JPA Agreement, May 2017 purchase of renewable power and greenhouse gas -free energy sources will be the desired approach to decrease regional greenhouse gas emissions and accelerate the State's transition to clean power resources to the extent feasible. The CVCEA will also add increasing levels of locally generated renewable resources as these projects are developed and customer energy needs expand. F. The Parties desire to establish a separate public agency, known as the Coachella Valley Community Energy Authority or CVCEA, under the provisions of the Joint Exercise of Powers Act of the State of California (Government Code Section 6500 et seq.) ("Act") in order to collectively study, promote, develop, conduct, operate, and manage energy programs. G. The Parties anticipate adopting an ordinance electing to implement through the CVCEA a common Community Choice Aggregation (CCA) program, an electric service enterprise available to cities and counties pursuant to California Public Utilities Code Sections 331.1(b,) and 366.2. The first priority of the CVCEA will be the consideration of those actions necessary to implement the CCA Program. AGREEMENT NOW, THEREFORE, in consideration of the mutual promises, covenants, and conditions hereinafter set forth, it is agreed by and among the Parties as follows: ARTICLE 1: DEFINITIONS AND EXHIBITS 1.1 Definitions. Capitalized terms used in the Agreement shall have the meanings specified in Exhibit A, unless the context requires otherwise. 1.2 Documents Included. This Agreement consists of this document and the following exhibits, all of which are hereby incorporated into this Agreement. Exhibit A: Definitions Exhibit B: List of the Parties Exhibit C: Annual Energy Use Exhibit D: Voting Shares Exhibit E: Signatures ARTICLE 2: FORMATION OF COACHELLA VALLEY COMMUNITY ENERGY AUTHORITY 2.1 Effective Date and Term. This Agreement shall become effective and CVCEA shall exist as a separate public agency on , 2017 or when the Parties execute this Agreement, whichever occurs later. The CVCEA shall provide notice to the Parties of the Effective Date. CVCEA shall continue to exist, and this Agreement shall be effective, until this Agreement is terminated in accordance with Section 6.4, subject to the rights of the Parties to withdraw from CVCEA. Coachella Valley Community Choice Aggregation 2 Draft JPA Agreement, May 2017 2.2 Formation. There is formed as of the Effective Date a public agency named the Coachella Valley Community Energy Authority. Pursuant to Sections 6506 and 6507 of the Act, CVCEA is a public agency separate from the Parties. Pursuant to Sections 6508.1 of the Act, the debts, liabilities or obligations of CVCEA shall not be debts, liabilities or obligations of the individual Parties unless the governing board of a Party agrees in writing to assume any of the debts, liabilities or obligations of CVCEA. A Party who has not agreed to assume an Authority debt, liability or obligation shall not be responsible in any way for such debt, liability or obligation even if a majority of the Parties agree to assume the debt, liability or obligation of CVCEA. Notwithstanding Section 7.4 of this Agreement, this Section 2.2 may not be amended unless such amendment is approved by the governing board of each Party. 2.2.1 Name. CVCEA may change its name at any time through adoption of a resolution of the Board of Directors. 2.3 Purpose. The purpose of this Agreement is to establish an independent public agency in order to exercise powers common to each Party to build a Community Choice Aggregation program that achieves significant, long-term GHG emission reductions by offering clean, cost effective and price stable electricity to residents, businesses, and agricultural producers while carrying out innovative programs to reduce customer energy use, and to promote local renewable and efficient energy production technologies. To that end, CVCEA will study, promote, develop, conduct, operate, and manage energy, energy efficiency and conservation, and other energy -related programs, and to exercise all other powers necessary and incidental to accomplishing this purpose. Without limiting the generality of the foregoing, the Parties intend for this Agreement to be used as a contractual mechanism by which the Parties are authorized to participate in the CCA Program, as further described in Section 4.1. The Parties intend that other agreements shall define the terms and conditions associated with the implementation of the CCA Program and any other energy programs approved by CVCEA. 2.4 Membership in CVCEA. 2.4.1 The initial Members of CVCEA are the Cities of Blythe, Cathedral City, Desert Hot Springs, Indian Wells, Palm Desert, and Palm Springs 2.4.2 Any city or county may request to become a member of CVCEA by submitting a resolution adopted by its City Council or Board of Supervisors to the Board of CVCEA. The Board shall review the request and shall vote to approve or disapprove the request. The Board may establish conditions, including but not limited to financial conditions, under which the city or county may become a member of CVCEA. The Board shall notify the then members of CVCEA of this request and the date that the request will be on the Board's meeting agenda for action. The date set for Board action shall be at least forty-five (45) days from the date the notice is mailed to the members. If the request is approved by the Board, the city or county shall become a member of CVCEA under Coachella Valley Community Choice Aggregation 3 Draft JPA Agreement, May 2017 the terms and conditions set forth by the Board and upon approval and execution of this Agreement by the requesting city or county. 2.5 Powers. CVCEA shall have all powers common to the Parties and such additional powers accorded to it by law. CVCEA is authorized, in its own name, to exercise all powers and do all acts necessary and proper to carry out the provisions of this Agreement and fulfill its purposes, including, but not limited to, each of the following powers, subject to the voting requirements set forth in Section 3.15: 2.5.1 to make and enter into contracts; 2.5.2 to employ agents and employees, including but not limited to an Executive Director; 2.5.3 to acquire, contract, manage, maintain, and operate any buildings, infrastructure, works, or improvements; 2.5.4 to acquire property by eminent domain, or otherwise, except as limited under Section 6508 of the Act, and to hold or dispose of any property; however, CVCEA shall not exercise the power of eminent domain within the jurisdiction of a Party over its objection without first meeting and conferring in good faith. 2.5.5 to lease any property; 2.5.6 to sue and be sued in its own name; 2.5.7 to incur debts, liabilities, and obligations, including but not limited to loans from private lending sources pursuant to its temporary borrowing powers such as Government Code Sections 53850 et seq. and authority under the Act; 2.5.8 to form subsidiary or independent corporations or entities if necessary, to carry out energy supply and energy conservation programs at the lowest possible cost or to take advantage of legislative or regulatory changes; 2.5.9 to issue revenue bonds and other forms of indebtedness; 2.5.10 to apply for, accept, and receive all licenses, permits, grants, loans or other aids from any federal, state, or local public agency; 2.5.11 to submit documentation and notices, register, and comply with orders, tariffs and agreements for the establishment and implementation of the CCA Program and other energy programs; 2.5.12 to adopt Operating Rules and Regulations; 2.5.13 to make and enter into service agreements relating to the provision of services necessary to plan, implement, operate and administer the CCA Coachella Valley Community Choice Aggregation 4 Draft JPA Agreement, May 2017 Program and other energy programs, including the acquisition of electric power supply and the provision of retail and regulatory support services; and 2.5.14 to permit additional Parties to enter into this Agreement after the Effective Date and to permit another entity authorized to be a community choice aggregator to designate CVCEA to act as the community choice energy aggregator on its behalf. 2.6 Limitation on Powers. As required by Government Code Section 6509, the power of CVCEA is subject to the restrictions upon the manner of exercising power possessed by the City of (insert name of one participating city). ARTICLE 3: GOVERNANCE AND INTERNAL ORGANIZATION 3.1 Governing Body. CVCEA shall be governed by a legislative body known as the Board of Directors ("Board"). The initial Board shall consist of one (1) director appointed by each of the initial members. Each Director shall serve at the pleasure of the governing board of the Party appointing such Director, and may be removed as Director by such governing board at any time. If at any time a vacancy occurs on the Board, a replacement shall be appointed to fill the position of the previous Director within 60 days of the date that such position becomes vacant. Directors shall be elected officials or senior staff of the appointing Party that is the signatory to this Agreement. Each Party may appoint an alternate to serve in the absence of its Director. Alternates may be either elected officials or senior staff of the appointing Party that is the signatory to this Agreement. The Board shall exercise all powers and conduct all business of CVCEA, either directly or by delegation to other bodies or persons pursuant to this Agreement. If additional cities or counties join CVCEA, as set forth in section 2.4, each city or county that becomes a member of CVCEA shall be entitled to one (1) director and one (1) alternate appointed as set forth above. Ex Officio Directors. The Board may appoint ex officio members of the Board. Ex officio directors shall receive all meeting notices, shall have the right to participate in Board discussions and the right to place items on the agenda but shall not be counted towards a quorum and shall have no vote. 3.2 Regular Board Meetings. The Board shall hold at least one regular annual meeting and shall provide for such other regular meetings as it deems necessary. Meetings of the Board shall be held at such locations in the Coachella Valley or Palo Verde Valley, and at such times as may be designated from time to time by the Board. 3.3 Special Meetings of the Board. Subject to all noticing requirements of The Brown Act, special meetings of the Board may be called by the Chair, to be held at such times and places within the Coachella Valley or Palo Verde Valley as may be ordered by the Chair. A majority of the Board may also call a special meeting for any purpose. Coachella Valley Community Choice Aggregation 5 Draft JPA Agreement, May 2017 3.4 Chair and Vice -Chair. The Board shall annually elect from its membership a Chair and Vice -Chair to serve for a one-year term. 3.5 Conduct of Meetings. The Chair or, in the absence of the Chair, the Vice -Chair, shall preside at all meetings of the Board. 3.6 Resignation of a Director. Any Director may resign effective on giving written notice to the Board and the other Members, unless the notice specifies a later time for the effectiveness of such resignation. A successor shall be appointed by the affected Member as provided for in this Agreement. 3.7 Quorum. Except as otherwise provided in this Agreement, CVCEA shall act only upon a majority of a quorum of the Board. A quorum of any meeting of Directors shall consist of a majority of the Directors then designated by and serving on behalf of the Members. Ex officio, non -voting Participants shall not be included when calculating the number of Directors necessary to constitute a quorum or the number of votes necessary to approve an action. In the event that a Member has failed to designate a Director, or a Member's designated Director has died. resigned, left office, been terminated or is otherwise unwilling or unable to act as the designating Member's representative, a replacement Director not yet been designated, and there is no designated alternate, such that a Member has no duly acting representative on the Board, then that Member's vacant Board position shall not be included when calculating the number of Directors necessary to constitute a quorum or the number of votes necessary to approve an action. Except as otherwise provided in this Agreement, every act or decision made by a majority of the Directors present at a meeting duly held at which a quorum is present is the act of the Board. In the absence of a quorum, any meeting of the Board may be adjourned from time to time by a vote of the majority present, but no other business may be transacted except as provided for in this Section. 3.8 Other Officers. The Executive Director of CVCEA shall be the secretary of CVCEA, or as otherwise determined by the Board. Any officer, employee or agent of any Member of CVCEA may also be an officer, employee, or agent of any of the Members. CVCEA shall have the power to appoint such additional officers and to employ such employees and assistants as may be appropriate. Each and all of said officers, employees and assistants shall serve at the pleasure of CVCEA and shall perform such duties and shall have such powers as CVCEA may, from time to time, determine. Any officer may resign at any time by giving written notice to the secretary. Any such resignation shall be effective upon receipt of such notice or at any later time specified in the notice. Officers shall assume the duties of their offices immediately after their appointment and shall hold office until their successors are appointed, except in the case of their removal or resignation. Vacancies of officers shall be filled by appointment of the Board and such appointee shall hold office until the appointment of his or her successor. Coachella Valley Community Choice Aggregation 6 Draft JPA Agreement, May 2017 3.9 Minutes. The secretary of CVCEA shall cause to be kept minutes of regular, adjourned regular and special meetings of the Board. The secretary shall cause a copy of all minutes, along with copies of all ordinances and resolutions, to be forwarded to each of the Parties hereto. 3.10 Rules. A majority of Directors may adopt rules governing meetings if not inconsistent or in conflict with this Agreement. In the absence of rules adopted by the Directors, Roberts' Rules of Order, as they may be amended from time to time, shall govern the meetings of the Board in so far as they are not inconsistent or in conflict with this Agreement or any CVCEA bylaws. 3.11 Powers and Functions of the Board. The Board shall exercise general governance and oversight over the business and activities of CVCEA, consistent with this Agreement and applicable law. The Board shall provide general policy guidance to the CCA Program. Board approval shall be required for any of the following actions: 3.11.1 The issuance of bonds or any other financing even if program revenues are expected to pay for such financing. 3.11.2 The appointment or termination of the Executive Officer and General Counsel. 3.11.3 The appointment or removal of officers described in Section 3.17, subject to Section 3.17.1. 3.11.4 Any decision to provide retirement or post -retirement benefits that are defined benefit programs, subject to the requirements of section 5.3.4, below. 3.11.5 The adoption of the Annual Budget. 3.11.6 The adoption of an ordinance. 3.11.7 The approval of agreements, except as provided by Section 3.12. 3.11.8 The initiation or resolution of claims and litigation where CVCEA will be the defendant, plaintiff, petitioner, respondent, cross complainant or cross petitioner, or intervenor; provided, however, that the Executive Officer or General Counsel, on behalf of CVCEA, may intervene in, become a party to, or file comments with respect to any proceeding pending at the California Public Utilities Commission, the Federal Energy Regulatory Commission, or any other administrative agency, without approval of the Board as long as such action is consistent with any adopted Board policies. 3.11.9 The setting of rates for power sold by CVCEA and the setting of charges for any other category of service provided by CVCEA. 3.11.10 Termination of the CCA Program. Coachella Valley Community Choice Aggregation 7 Draft JPA Agreement, May 2017 3.12 Executive Officer. The Board of Directors shall have the authority to appoint an Executive Officer for CVCEA, who shall be responsible for the day-to-day operation and management of CVCEA and the CCA Program. The Executive Officer may be retained under contract with CVCEA, be an employee of CVCEA, be an employee of CVAG, or be an employee of one of the Parties. The Executive Officer shall report directly to the Board and serve as staff to CVCEA. Except as otherwise set forth in this Agreement, the Executive Officer may exercise all powers of CVCEA, including the power to hire, discipline and terminate employees as well as the power to approve any agreement if the total amount payable under the agreement is less than $100,000 in any fiscal year, or such higher amount as may be established by the Board from time to time, by resolution of the Board, except the powers specifically set forth in Section 3.11 or those powers which by law must be exercised by the Board of Directors. The Executive Officer shall serve at the pleasure of the Board. 3.13 CVCEA Staff. CVCEA may contract with CVAG for staff services, retain its own staff, or contract with another entity for services. Unless other employment is approved by the Commission, the CVCEA Executive Director may utilize CVAG staff as may be necessary to accomplish the purposes of CVCEA. CVAG staff time, as well as office expenses, direct and indirect overhead, shall be charged to CVCEA utilizing direct billing and other accounting practices that provide for a clear separation of funds. 3.14 CVAG's Participation. CVAG shall have the following powers and duties: 3.14.1 To provide, under contract with CVCEA, administrative services required by CVCEA during the first five (5) years of the implementation of the CVCEA; and thereafter as the administrative services contract may be renewed from time to time by CVCEA; 3.14.2 To empower its Executive Director to serve as Secretary of CVCC; 3.14.3 To exercise such other powers and duties as the Commission deems necessary to achieve the purposes of this Agreement. 3.15 Commissions, Boards, and Committees. 3.15.1 The Board may establish commissions, boards or committees, including but not limited to a standing executive committee of the Board, as the Board deems appropriate, to assist the Board in carrying out its authority and functions under this Agreement and may delegate authority to such commission, board or commission as set forth in a Board resolution. Such delegation may be modified, amended or revoked at any time the Board may deem appropriate. Any decision delegated pursuant to this subsection may be appealed to the Board, as the Board so determines. 3.15.2 The Board may also establish any advisory commissions, boards, and committees as the Board deems appropriate to assist the Board in carrying out its functions and implementing the CCA Program, other energy programs and the provisions of this Agreement. Coachella Valley Community Choice Aggregation 8 Draft JPA Agreement, May 2017 3.15.3 Any board, commission or committee formed under this section shall comply with the requirements of the Ralph M. Brown Act. The Board may establish rules, regulations, policies, bylaws or procedures to govern any such commissions, boards, or committees, and shall determine whether members shall be compensated or entitled to reimbursement for expenses. 3.16 Director Compensation. Directors shall serve without compensation from CVCEA. However, Directors may be compensated by their respective appointing authorities. The Board, however, may adopt by resolution a policy relating to the reimbursement by CVCEA of expenses or other costs incurred by Directors. 3.17 Voting. In general, as described below in Section 3.15.3, action by CVCEA Board will be taken solely by a majority vote of the total number of Directors present. In addition, as described below in Section 3.15.4, upon request of two (2) Directors, a weighted vote by shares will also be conducted. When such a request is made, an action must be approved by both a majority vote of Directors present and a majority of the Weighted Voting Shares present. No action may be approved solely by a majority vote by shares. The voting shares of Directors and approval requirements for actions of the Board shall be as follows: 3.17.1 Weighted Voting Shares Each member agency shall have a Voting Share as determined by the following formulas: (a) Pro Rata Votina Share. Each Member shall have an equal voting share determined by the following formula: ([1 / total number of Members] multiplied by 1/2 ), expressed as a percentage to two decimal places; and (b) Annual Energy Voting Share. Each Member shall have an additional voting share determined by the following formula: ([Total Annual Energy Use (expressed in MWh) in the Member's jurisdiction / combined Total Annual Energy Use in all Members' jurisdictions] multiplied by expressed as a percentage to two decimal places. Annual Energy Use values are to be based on total CCA-related retail energy sales of all electric customer accounts as of December 31 of the most recent year for which such data is available. In the absence of actual data, the Board may approve the use of reasonably estimated Annual Energy Use values. (c) Weighted Voting Share. Each Member's Weighted Voting Share shall be the respective sum of the values computed in (a) and (b) above, expressed as a percentage to two decimal places. The combined total Weighted Voting Shares of all Members is 100.00 percent. Coachella Valley Community Choice Aggregation 9 Draft JPA Agreement, May 2017 3.17.2 Exhibit Showing Weighted Voting Shares. The initial Weighted Voting Shares are set forth in Exhibit D based on data available as of the Effective Date of this Agreement. Exhibit D shall be revised no less than annually as necessary to account for changes in the number of Members and or changes in the Members' annual MWh retail energy usage. Adjustments to Exhibit D shall be approved by the Board. 3.17.3 Action Approval Requirements. Except as provided in Sections 3.15 above and 3.15.4 and 3.15.5 below, actions of the Board shall require the affirmative vote of a majority of Directors present at the meeting. 3.17.4 Option for Approval by Voting Shares. Notwithstanding Section 3.15.3, any two (2) Directors present at a meeting may demand that approval of any matter related to the CCA Program be determined on the basis of both Weighted Voting Shares and by the affirmative vote of a majority of Directors present at the meeting. If two Directors make such a demand with respect to approval of any such matter, then approval of such matter shall require the affirmative vote of a majority of Directors present at the meeting and the affirmative vote of Directors having a majority of Weighted Voting Shares present, as determined by Section 3.15.1 except as provided in Section 3.15.5. 3.17.5 Special Voting Requirements for Certain Matters. (a) Two -Thirds and Weighted Voting Approval Requirements Relating to Sections 6.2 and 7.4. Action of the Board on the matters set forth in Section 6.2 (involuntary termination of a Member), or Section 7.4 (amendment of this Agreement) shall require the affirmative vote of at least two-thirds of Directors present; provided, however, that (i) notwithstanding the foregoing, any two (2) Directors present at a meeting may demand that the vote be determined on the basis of both Weighted Voting Shares and by the affirmative vote of Directors present, and if any two (2) Directors make such a demand, then approval shall require the affirmative vote of both at least two-thirds of Directors present and the affirmative vote of Directors having at least two-thirds of the Weighted Voting Shares present, as determined by Section 3.15.1; and (ii) for votes to involuntarily terminate a Member under Section 6.2, the Director for the Member subject to involuntary termination may not vote, and the number of Directors constituting two-thirds of all Directors, and the Weighted Voting Share of each Member shall be recalculated as if the Member subject to possible termination were not a Member. (b) Seventy -Five Percent Special Voting Requirements for Eminent Domain and Contributions or Pledge of Assets. (i) A decision to exercise the power of eminent domain on behalf of CVCEA to acquire any property interest other than an easement, right-of-way, or temporary construction Coachella Valley Community Choice Aggregation 10 Draft JPA Agreement, May 2017 easement shall require a vote of at least 75% of all Directors. (ii) The imposition on any Member of any obligation to make contributions or pledge assets as a condition of continued participation in the CCA Program shall require a vote of at least 75% of all Directors and the approval of the governing boards of the Members which are being asked to make such contribution or pledge. (iii) Notwithstanding the foregoing, any two (2) Directors present at the meeting may demand that a vote under subsections (i) or (ii) be determined on the basis of Weighted Voting Shares and by the affirmative vote of Directors, and if any two (2) Directors make such a demand, then approval shall require both the affirmative vote of at least 75% of Directors present and the affirmative vote of Directors having at least 75% of the Weighted Voting Shares present, as determined by Section 3.15.1. For purposes of this section, "imposition on any Member of any obligation to make contributions or pledge assets as a condition of continued participation in the CCA Program" does not include any obligations of a withdrawing or terminated Member imposed under Section 6.3. 3.18 Meetings and Special Meetings of the Board. The Board shall hold at least four (4) regular meetings per year, but the Board may provide for the holding of regular meetings at more frequent intervals. The date, hour and place of each regular meeting shall be fixed by resolution or ordinance of the Board. Regular meetings may be adjourned to another meeting time. Special and Emergency Meetings of the Board may be called in accordance with the provisions of California Government Code Sections 54956 and 54956.5. Directors may participate in meetings telephonically, with full voting rights, only to the extent permitted by law. All meetings shall be conducted in accordance with the provisions of the Ralph M. Brown Act (California Government Code Sections 54950 et seq.). 3.19 Selection of Board Officers. 3.19.1 Chair and Vice Chair. The Directors shall select, from among themselves, a Chair, who shall be the presiding officer of all Board meetings, and a Vice Chair, who shall serve in the absence of the Chair. The Chair and Vice Chair shall serve at the pleasure of the Board. There shall be no limit on the number of terms held by either the Chair or Vice Chair. The office of either the Chair or Vice Chair shall be declared vacant and a new selection shall be made if: Coachella Valley Community Choice Aggregation 11 Draft JPA Agreement, May 2017 (a) the person serving dies, resigns, or the Member that the person represents removes the person as its representative on the Board, or (b) the Member that he or she represents withdraws from CVCEA pursuant to the provisions of this Agreement. 3.19.2 Secretary. The Board shall appoint a Secretary, who need not be a member of the Board, who shall be responsible for keeping the minutes of all meetings of the Board and all other official records of CVCEA. 3.19.3 Treasurer and Auditor. The Treasurer shall function as the combined offices of Treasurer and Auditor pursuant to Government code section 6505.6 and shall strictly comply with the statutes related to the duties and responsibilities specified in Section 65.5 of the Act. The Treasurer for CVCEA shall be the depository and have custody of all money of CVCEA from whatever source and shall draw all warrants and pay demands against CVCEA as approved by the Board. The Treasurer shall cause an independent audit(s) of the finances of CVCEA to be made by a certified public accountant, or public accountant, in compliance with Section 6505 of the Act. The Treasurer shall report directly to the Board and shall comply with the requirements of treasurers of incorporated municipalities. The Board may transfer the responsibilities of Treasurer to any person or entity as the law may provide at the time. The duties and obligations of the Treasurer are further specified in Article 5. The Treasurer shall serve at the pleasure of the Board. 3.20 Administrative Services Provider. The Board may appoint one or more administrative services providers to serve as CVCEA's agent for planning, implementing, operating and administering the CCA Program, and any other program approved by the Board. The appointed administrative services provider may be one of the Members. A separate services agreement shall set forth the terms and conditions by which the appointed administrative services provider(s) shall perform or cause to be performed tasks necessary for planning, implementing, operating and administering the CCA Program and other approved programs. Any such services agreement shall set forth the terms and the circumstances under which the services agreement may be terminated by CVCEA. This section shall not in any way be construed to limit the discretion of CVCEA to hire its own employees to administer all or any portion of the CCA Program or any other program. ARTICLE 4: IMPLEMENTATION ACTION AND AUTHORITY DOCUMENTS 4.1 Preliminary Implementation of the CCA Program. 4.1.1 Enabling Ordinance. To be eligible to participate in the CCA Program, each Party must adopt an ordinance in accordance with Public Utilities Code Section 366.2(c)(12) for the purpose of specifying that the Party Coachella Valley Community Choice Aggregation 12 Draft JPA Agreement, May 2017 intends to implement a CCA Program by and through its participation in CVCEA. 4.1.2 Implementation Plan. CVCEA shall cause to be prepared an Implementation Plan meeting the requirements of Public Utilities Code Section 366.2 and any applicable Public Utilities Commission regulations as soon after the Effective Date as reasonably practicable. The Implementation Plan shall not be filed with the Public Utilities Commission until it is approved by the Board in the manner provided by Section 3.15. 4.1.3 Termination of CCA Program. Nothing contained in this Article or this Agreement shall be construed to limit the discretion of CVCEA to terminate the implementation or operation of the CCA Program at any time in accordance with any applicable requirements of state law. 4.2 Authority Documents. The Parties acknowledge and agree that the affairs of CVCEA will be implemented through various documents duly adopted by the Board through Board resolution. The Parties agree to abide by and comply with the terms and conditions of all such documents that may be adopted by the Board, subject to the Parties' right to withdraw from CVCEA as described in Article 6. ARTICLE 5: FINANCIAL PROVISIONS 5.1 Fiscal Year. CVCEA's fiscal year shall be 12 months commencing July 1 and ending June 30. The fiscal year may be changed by Board resolution. 5.2 Depository. 5.2.1 All funds of CVCEA shall be held in separate accounts in the name of CVCEA and not commingled with funds of any Party or any other person or entity. 5.2.2 All funds of CVCEA shall be strictly and separately accounted for, and regular reports shall be rendered of all receipts and disbursements, at least quarterly during the fiscal year. The books and records of CVCEA shall be open to inspection by the Parties at all reasonable times. The Board shall contract with a certified public accountant or public accountant to make an annual audit of the accounts and records of CVCEA, which shall be conducted in accordance with the requirements of Section 6505 of the Act. 5.2.3 All expenditures shall be made in accordance with the approved budget and upon the approval of any officer so authorized by the Board in accordance with its Operating Rules and Regulations. The Treasurer shall draw checks or warrants or make payments by other means for claims or disbursements not within an applicable budget only upon the prior approval of the Board. Coachella Valley Community Choice Aggregation 13 Draft JPA Agreement, May 2017 5.3 Budget and Recovery of Costs. 5.3.1 Budget. The initial budget shall be approved by the Board. The Board may revise the budget from time to time as may be reasonably necessary to address contingencies and unexpected expenses. All subsequent budgets of CVCEA shall be approved by the Board in accordance with the Operating Rules and Regulations. 5.3.2 Funding of Initial Costs. The Parties acknowledge that implementing the CCA Program will require some form of funding either provided by all or some of the Parties or attained in some other manner. If the CCA Program becomes operational, these Initial Costs paid by such Parties or attained from other sources shall be included in the customer charges for electric services as provided by Section 5.3.3 to the extent permitted by law, and respective Parties or other sources shall be reimbursed from the payment of such charges by customers of CVCEA. CVAG shall also be entitled to reimbursement for Initial Costs. CVCEA may establish a reasonable time period over which such costs are recovered and repaid to respective Parties or other sources. In the event that the CCA Program does not become operational, respective Parties shall not be entitled to any reimbursement of the funded Initial Costs from CVCEA or any Party. If any of the initial member agencies or other sources assists in funding initial costs, they shall also be entitled to reimbursement pursuant to this section. The Board shall approve the manner of funding and repayment of initial CCA program costs which may include reasonable interest charges. 5.3.3 CCA Program Costs. The Parties desire that all costs incurred by CVCEA that are directly or indirectly attributable to the provision of electric, conservation, efficiency, incentives, financing, or other services provided under the CCA Program, including but not limited to the establishment and maintenance of various reserves and performance funds and administrative, accounting, legal, consulting, and other similar costs, shall be recovered through charges to CCA customers receiving such electric services, or from revenues from grants or other third -party sources. 5.3.4 Employee Retirement and Post -retirement Benefits. Should the Board determine to provide a defined benefits retirement benefit to CVCEA employees (such as PERS) or other post -retirements benefits that would be within an Other Post -Retirement Benefits (OPEB) obligation to CVCEA employees, prior to providing such benefit(s) to any employee, the Board shall (1) obtain a third party independent actuarial report on the long term costs of the benefit or benefits, (2) adopt a funding plan for the payment of both current and Tong -term costs that provides for the payment of all such costs on a current, pay-as-you-go, basis and eliminates any known or reasonably anticipated unfunded liability associated with the benefit(s) and (3) notice all Member agencies of the pending consideration of the benefit(s) together with the actuarial report and funding plan, for at least Coachella Valley Community Choice Aggregation 14 Draft JPA Agreement, May 2017 sixty (60) days and obtain the consent, by resolution of not less than 75 percent of the then current Member agency boards or councils. ARTICLE 6: WITHDRAWAL AND TERMINATION 6.1 Withdrawal. 6.1.1 Right to Withdraw. A Party may withdraw its participation in the CCA Program, effective as of the beginning of CVCEA's next fiscal year, by giving no less than 6 months advance written notice of its election to do so, which notice shall be given to CVCEA and each Party. Withdrawal of a Party shall require an affirmative vote of the Party's governing board. 6.1.2 Right to Withdraw After Amendment. Notwithstanding Section 6.1.1, a Party may withdraw its membership in CVCEA following an amendment to this Agreement adopted by the Board which the Party's Director voted against, provided such notice is given in writing within thirty (30) days following the date of the vote. Withdrawal of a Party shall require an affirmative vote of the Party's governing board and shall not be subject to the six month advance notice provided in Section 6.1.1. In the event of such withdrawal, the Party shall be subject to the provisions of Section 6.3. 6.1.3 The Right to Withdraw Prior to Program Launch. After receiving bids from power suppliers, CVCEA shall provide to the Parties the report from the electrical utility consultant(s) retained by CVCEA that compares the total estimated electrical rates that CVCEA will be charging to customers as well as the estimated greenhouse gas emissions rate and the amount of estimated renewable energy used with that of the incumbent utility (SCE). If the report provides that CVCEA is unable to provide total electrical rates, as part of its baseline offering, to customers that are equal to or lower than the incumbent utility or to provide power in a manner that has a lower greenhouse gas emissions rate or uses more renewable energy than the incumbent utility, a Party may immediately withdraw its membership in CVCEA without any further financial obligation, as long as the Party provides written notice of its intent to withdraw to CVCEA Board no more than fifteen (15) days after receiving the report. Any withdrawing Party shall not be entitled to any return of funds it may have provided to CVCEA, provided, however, that if, after the program is launched there are unobligated and unused funds, the withdrawing member shall be refunded its pro rata share of the unobligated and unused funds. 6.1.4 Continuing Financial Obligation; Further Assurances. Except as provided by Section 6.1.3, a Party that withdraws its participation in the CCA Program may be subject to certain continuing financial obligations, as described in Section 6.3. Each withdrawing Party and CVCEA shall execute and deliver all further instruments and documents, and take any further action that may be reasonably necessary, as determined by the Board, to effectuate the orderly withdrawal of such Party from participation in the CCA Program. Coachella Valley Community Choice Aggregation 15 Draft JPA Agreement, May 2017 6.2 Involuntary Termination of a Party. Participation of a Party in the CCA program may be terminated for material non-compliance with provisions of this Agreement or any other agreement relating to the Party's participation in the CCA Program upon a vote of Board members as provided in Section 3.15.5. Prior to any vote to terminate participation with respect to a Party, written notice of the proposed termination and the reason(s) for such termination shall be delivered to the Party whose termination is proposed at least thirty (30) days prior to the regular Board meeting at which such matter shall first be discussed as an agenda item. The written notice of proposed termination shall specify the particular provisions of this Agreement or other agreement that the Party has allegedly violated. The Party subject to possible termination shall have the opportunity at the next regular Board meeting to respond to any reasons and allegations that may be cited as a basis for termination prior to a vote regarding termination. A Party that has had its participation in the CCA Program terminated may be subject to certain continuing liabilities, as described in Section 6.3. 6.3 Continuing Financial Obligations; Refund. Except as provided by Section 6.1.3, upon a withdrawal or involuntary termination of a Party, the Party shall remain responsible for any claims, demands, damages, or other financial obligations arising from such Party's membership or participation in the CCA Program through the effective date of its withdrawal or involuntary termination, it being agreed that the Party shall not be responsible for any new financial obligations arising after the date of the Party's withdrawal or involuntary termination. Claims, demands, damages, or other financial obligations for which a withdrawing or terminated Party may remain liable include, but are not limited to, losses from the resale of power contracted for by CVCEA to serve the Party's load and any unfunded liabilities such as unfunded retirement contributions or costs and any unfunded post -retirement benefits. With respect to such financial obligations, upon notice by a Party that it wishes to withdraw from the CCA Program, CVCEA shall notify the Party of the minimum waiting period under which the Party would have no costs for withdrawal if the Party agrees to stay in the CCA Program for such period. The waiting period will be set to the minimum duration such that there are no costs transferred to remaining ratepayers. If the Party elects to withdraw before the end of the minimum waiting period, the charge for exiting shall be set at a dollar amount that would offset actual costs to the remaining ratepayers, and may not include punitive charges that exceed actual costs. In addition, such Party shall also be responsible for any costs or obligations associated with the Party's participation in any program in accordance with the provisions of any agreements relating to such program provided such costs or obligations were incurred prior to the withdrawal of the Party. CVCEA may withhold funds otherwise owing to the Party or may require the Party to deposit sufficient funds with CVCEA, as reasonably determined by CVCEA and approved by a vote of the Board, to cover the Party's financial obligations for the costs described above. Any amount of the Party's funds held on deposit with CVCEA above that which is required to pay any existing or ongoing financial obligations shall be returned to the Party. If there is a disagreement related to the charge(s) for exiting, the Parties shall attempt to settle the amount through mediation or other dispute resolution process as authorized by section 7.1. If the dispute is not resolved, the Parties may agree to proceed to arbitration, or any party may Coachella Valley Community Choice Aggregation 16 Draft JPA Agreement, May 2017 seek judicial review. The liability of any Party under this section 6.3 is subject and subordinate to the provisions of Section 2.2, and nothing in this section 6.3 shall reduce, impair, or eliminate any immunity from liability provided by Section 2.2. 6.4 Mutual Termination. This Agreement may be terminated by mutual agreement of all the Parties; provided, however, the foregoing shall not be construed as limiting the rights of a Party to withdraw its participation in the CCA Program, as described in Section 6.1. 6.5 Disposition of Property upon Termination of Authority. Upon termination of this Agreement, any surplus money or assets in possession of CVCEA for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any program documents, shall be returned to the then -existing Parties in proportion to the contributions made by each. ARTICLE 7: MISCELLANEOUS PROVISIONS 7.1 Dispute Resolution. The Parties and CVCEA shall make reasonable efforts to informally settle all disputes arising out of or in connection with this Agreement. Should such informal efforts to settle a dispute, after reasonable efforts, fail, the dispute shall be mediated in accordance with policies and procedures established by the Board. 7.2 Liability of Directors, Officers, and Employees. The Directors, officers, and employees of CVCEA shall use ordinary care and reasonable diligence in the exercise of their powers and in the performance of their duties pursuant to this Agreement. No current or former Director, officer, or employee will be responsible for any act or omission by another Director, officer, or employee. CVCEA shall defend, indemnify and hold harmless the individual current and former Directors, officers, and employees for any acts or omissions in the scope of their employment or duties in the manner provided by Government Code Sections 995 et seq. Nothing in this section shall be construed to limit the defenses available under the law, to the Parties, CVCEA, or its Directors, officers, or employees 7.3 Indemnification of Parties. CVCEA shall acquire such insurance coverage as is necessary to protect the interests of CVCEA, the Parties, and the public. Subject to the provisions of Section 7.4 and provided that a Party has acted in good faith and in accordance with this Agreement, CVCEA shall defend with counsel acceptable to said Party, indemnify and hold such Party free and harmless from any loss, liability or damage incurred or suffered by such Party by reason of litigation arising from or as a result of any of the following: the Party's participation in the JPA; action taken to approve and/or implement the CCA; or any other act performed or to be performed by the Party pursuant to this Agreement; provided, however that such indemnification or agreement to hold harmless pursuant to this section shall be recoverable only out of CVCEA assets and not from other Parties. To the extent CVCEA's assets are insufficient to satisfy its obligations under this Section, any member Agency forced to expend Coachella Valley Community Choice Aggregation 17 Draft JPA Agreement, May 2017 its own funds to satisfy what would otherwise be CVCEA's obligations shall be entitled to reimbursement from CVCEA. 7.4 Limitations on Liability. The Parties acknowledge that Section 895.2 of the California Government Code provides that a Member is jointly and severally liable for the torts of the joint powers agency, but that Sections 895.4 and 895.6 of that Code allow the members of a joint powers agency to contractually agree to indemnity and contribution provisions that allow such liability to be apportioned among the members based on their respective degree of fault giving rise to the liability. The Parties further acknowledge that they have agreed at Section 7.3 above to indemnify and defend those Member agencies against Toss, liability or damage suffered by a Member Agency individually as a result of that Agency's good faith acts taken pursuant to this Agreement. Now, therefore, in contemplation of such authority, the Parties agree that, as among themselves, each shall assume that portion of the liability imposed upon CVCEA or any of its Members, officers, agents or employees by law for injury caused by any negligent or wrongful act or omission occurring during the performance of this Agreement that is not covered by insurance, that is determined by the CVCEA to be that Member's proportionate share accruing during the Member's period of participation in CVCEA. Said determination shall be by three -fourths vote of the Member Agencies, meaning an affirmative vote of three -fourths of the total number of Member Agencies. The Members acknowledge that, given the possible variables, determination of a proper apportionment may be difficult. Therefore, subject only to arbitration rights set out at Section 6.3, the Members agree that the Board's good faith determination of a fair apportionment shall be final, binding and enforceable as a term of this Agreement. Each Member shall to the extent provided herein indemnify and hold harmless the other Members for any loss, costs or expenses that may be imposed on such other Members solely by virtue of Section 895.2. 7.5 Amendment of this Agreement. This Agreement may not be amended except by a written amendment approved by a vote of Board members as provided in Section 3.15.5. CVCEA shall provide written notice to all Parties of amendments to this Agreement, including the effective date of such amendments, at least 30 days prior to the date upon which the Board votes on such amendments. Exhibits A through E of this Agreement may be revised from time to time by Board vote and copies of such revised exhibits shall be distributed to all Parties. 7.6 Assignment. Except as otherwise expressly provided in this Agreement, the rights and duties of the Parties may not be assigned or delegated without the advance written consent of all of the other Parties, and any attempt to assign or delegate such rights or duties in contravention of this Section 7.5 shall be null and void. This Agreement shall inure to the benefit of, and be binding upon, the successors and assigns of the Parties. This Section 7.5 does not prohibit a Party from entering into an independent agreement with another agency, person, or entity regarding the financing of that Party's contributions to CVCEA, or the disposition of proceeds which that Party receives under this Agreement, so long as such independent agreement does not affect, or purport to affect, the rights and duties of CVCEA or the Parties under this Agreement. Coachella Valley Community Choice Aggregation 18 Draft JPA Agreement, May 2017 7.7 Severability. If one or more clauses, sentences, paragraphs or provisions of this Agreement shall be held to be unlawful, invalid or unenforceable, it is hereby agreed by the Parties, that the remainder of the Agreement shall not be affected thereby. Such clauses, sentences, paragraphs or provision shall be deemed reformed so as to be lawful, valid and enforced to the maximum extent possible. 7.8 Further Assurances. Each Party agrees to execute and deliver all further instruments and documents, and take any further action that may be reasonably necessary, to effectuate the purposes and intent of this Agreement. 7.9 Execution by Counterparts. This Agreement may be executed in any number of counterparts, and upon execution by all Parties, each executed counterpart shall have the same force and effect as an original instrument and as if all Parties had signed the same instrument. Any signature page of this Agreement may be detached from any counterpart of this Agreement without impairing the legal effect of any signatures thereon, and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages. 7.10 Parties to be Served Notice. Any notice authorized or required to be given pursuant to this Agreement shall be validly given if served in writing either personally, by deposit in the United States mail, first class postage prepaid with return receipt requested, or by a recognized courier service. Notices given (a) personally or by courier service shall be conclusively deemed received at the time of delivery and receipt and (b) by mail shall be conclusively deemed given 48 hours after the deposit thereof (excluding Saturdays, Sundays and holidays) if the sender receives the return receipt. All notices shall be addressed to the office of the clerk or secretary of CVCEA or Party, as the case may be, or such other person designated in writing by CVCEA or Party. Notices given to one Party shall be copied to all other Parties. Notices given to CVCEA shall be copied to all Parties. 7.11 No Third Party Beneficiaries. This Agreement shall reflect the Parties' rights and obligations as by and among themselves. Nothing herein shall create any right in any third party to enforce any right or obligation set out in this Agreement as against any Party hereto. Coachella Valley Community Choice Aggregation 19 Draft JPA Agreement, May 2017 EXHIBIT A DEFINITIONS 1. "Act" means the Joint Exercise of Powers Act of the State of California (Government Code Section 6500 et sea.) "Administrative Services Agreement" means an agreement or agreements entered into after the Effective Date by CVCEA with one or more entity that will perform tasks necessary for planning, implementing, operating and/or administering the CCA Program, or any portion of the CCA Program or any other energy programs adopted by CVCEA. 3. "Agreement" means this Joint Powers Agreement. 4. "Annual Energy Use" has the meaning given in Section 3.15.1(b). 5. "Authority" means the CVCEA. 6. "Authority Document(s)" means document(s) duly adopted by the Board by resolution or motion implementing the powers, functions, and activities of CVCEA, including but not limited to the Operating Rules and Regulations, the annual budget, and plans and policies. 7. "Board" means the Board of Directors of CVCEA. 8. "CCA" or "Community Choice Aggregation" means an electric service option available to cities and counties pursuant to Public Utilities Code Section 366.2. 9. "CCA Program" means CVCEA's program relating to CCA that is principally described in Article 2 of this Agreement. 10. "CVAG" shall mean the Coachella Valley Association of Governments. 11. "Director" means a member of the Board of Directors appointed by and representing a Party. 12. "Effective Date" means , 2017 or when initial members of CVCEA execute this Agreement, whichever occurs later, as further described in Section 2.1. 13. "Implementation Plan" means the plan generally described in Section 4.1.2 of this Agreement that is required under Public Utilities Code Section 366.2 to be filed with the California Public Utilities Commission for the purpose of describing a proposed CCA Program. 14. "Initial Costs" means all costs incurred by the CVCEA and or any Parties relating to the establishment and initial operation of CVCEA, such as the hiring of an Executive Officer and any administrative staff, and any required accounting, administrative, technical, or legal services in support of CVCEA's initial activities or in support of the negotiation, preparation, and approval of one or more Administrative Services Agreements. Coachella Valley Community Choice Aggregation 20 Draft JPA Agreement, May 2017 15. "Operating Rules and Regulations" means one or more sets of rules, regulations, policies, bylaws and procedures governing the operation of CVCEA. 16. "Parties" or "Members" means, collectively, the signatories to this Agreement. 17. "Party", "Member" or "Member Agency" means a signatory to this Agreement. 18. "Total Annual Energy Use" has the meaning given in Section 3.15.1(b). Coachella Valley Community Choice Aggregation 21 Draft JPA Agreement, May 2017 EXHIBIT B LIST OF PARTIES Parties: City of Blythe City of Cathedral City City of Desert Hot Springs City of Indian Wells City of Palm Desert City of Palm Springs Coachella Valley Community Choice Aggregation 22 Draft JPA Agreement, May 2017 Member Blythe Cathedral City Desert Hot Springs Indian Wells Palm Desert Palm Springs Total EXHIBIT C PRO FORMA ANNUAL ENERGY USE Number of Customers 5,898 24,137 11,421 5,230 39,459 37,826 123,971 Annual Energy Use (MWh) 117,000 329,000 140,000 158,000 699,000 640,000 2,083,000 Coachella Valley Community Choice Aggregation 23 Draft JPA Agreement, May 2017 EXHIBIT D PRO FORMA VOTING SHARES CVCEA CCA Program Participation and Weighted Voting Shares Participants Blythe 'Cathedral City 'Desert Hot Springs Indian Wells Palm Desert Palm Springs TOTALS FORMULAS USED: Annual Energy Use (MWh) 117,000 329,000 140,000 158,000 699,000 640,000 2,083,000 Percent Annual Energy Use 5.62% 15.79% 6.72% 7.59% 33.56% 30.72% 100.00% Annual Energy Voting Share 2.81% 7.90% 3.36% 3.79% 16.78% 15.36% 50.00% Use Pro Rata Voting Share % 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 50.00% Weighted Voting Share % 11.14% 16.23% 11.69% 12.13% 25.11% 23.70% 100.00% 1. Annual Energy Use Voting Share: Total Annual Energy Use (expressed in MWh) in the Member's jurisdiction / combined Total Annual Energy Use all Members' jurisdictions] multiplied by '/z), expressed as a percentage to two decimal places. See section 3.15.1 (b) Pro-rata Voting Share: [1 / total number of members] multiplied by 'A), expressed as a percentage to two decimal places. See section 3.15.1 (a) 3. Weighted Voting Share: [the respective sum of the values computed in (1) and (2) above, expressed as a percentage to two decimal places. See section 3.15.1 (c) Coachella Valley Community Choice Aggregation 24 Draft JPA Agreement, May 2017 EXHIBIT E SIGNATURES IN WITNESS WHEREOF, the Parties hereto have executed this Joint Powers Agreement establishing the Coachella Valley Community Energy Authority By: Name: Title: Date: Party: (One signature page for each Member) Coachella Valley Community Choice Aggregation 25 Draft JPA Agreement, May 2017 ITEM 7B Coachella Valley Association of Governments Executive Committee February 27, 2017 CVAG Staff Report Subject: Community Choice Aggregation Update Contact: Katie Barrows, Director of Environmental Resources (kbarrows a(�cvaq.orq) Recommendation: 1) Receive the final draft of the Inland Choice Power Community Choice Aggregation Business Plan. 2) Authorize staff to work with the Chair of the Energy & Environmental Resources Committee to establish an Ad Hoc Working Group to evaluate options for Community Choice Aggregation. Energy & Environmental Resources Committee: CONCURS (Meeting of February 9th) Technical Advisory Committee: CONCURS (Meeting of February 13th) Background: In April 2016, staff received direction from the Executive Committee to explore a Community Choice Aggregation program through completion of a feasibility study. At the September 26 meeting, the first draft of the feasibility study, titled Inland Choice Power Community Choice Aggregation Business Plan, was presented. The study was developed in partnership with Western Riverside Council of Governments (WRCOG) and San Bernardino Council of Governments (SBCOG, formerly SANBAG). The business plan/feasibility study was finalized in December and is available for your review on the CVAG website: http://www.cvaq.orq/library/pdf files/enviro/CCA CVAG WRCOG SBCOG Final Feasibility St udv%20 12 08 16.pdf. This staff report provides a summary of the feasibility study and outlines next steps. The feasibility study/business plan indicates that formation of a CCA would result in a net savings to consumers, an increased use of renewable energy, economic benefits, and greenhouse gas reductions. Based on the preliminary findings that CCA makes sense for our region, on September 26 the Executive Committee directed staff to move forward with the development and implementation of a Community Choice Aggregation program. The feasibility study analyzes three scenarios for consumer cost savings which vary depending on the percent renewable energy; in all cases the percent savings accounts for all costs to implement a CCA program. The predicted savings compared with SCE rates are as follows: 1. 4.9% savings with 33% of electricity from renewable sources (based on SCE current renewable portfolio standard (RPS)) 2. 3.8% savings with 50% of electricity from renewable sources (11.2% savings over SCE 50% green power rate) 3. 5.7% additional cost with 100% of electricity from renewable sources (9.4% savings over SCE 100% green power rate) Beyond the cost savings, there are other benefits of Community Choice Aggregation which are described in the feasibility study. At full CCA implementation, they include: 1) local control over selection of energy resources including local renewable projects; 2) job creation with the potential for over 500 jobs to be created in the TRICOG region; 3) economic stimulus resulting from increase in disposable income associated with electricity bill savings; and 4) greenhouse gas emissions reduction equivalent to removing 275,000 to 485,000 cars from the road per year by 2018 assuming a 50% renewable energy target is achieved. With local control, Community Choice Aggregation also provides opportunities to offer programs to promote energy efficiency, renewable distributed generation, energy storage, and other clean energy benefits. These programs would also be expected to spur innovation in energy efficiency and renewable technologies. The development of a CCA could also promote investment in the diverse renewable energy resources in the Coachella Valley. Staff has been exploring opportunities for collaboration with Imperial Irrigation District. We recently met with Don Dame, an energy consultant for Imperial Irrigation District with considerable expertise on energy issues and CCAs. Mr. Dame attended the Energy and Environmental Resources Committee on February 9 and presented on Community Choice Aggregation. He will make a presentation at the Executive Committee meeting on February 27. The CCA is limited to consumers in the Southern California Edison territory; formation of a CCA within the territory of a public utility such as IID is not allowed under current law. However, there may be opportunities for collaboration with IID which staff is exploring, including technical assistance and expertise. Attached is a "Discussion Draft" prepared by Mr. Dame for CVAG which identifies some of the key issues related to CCAs and summarizes some of the options for a potential relationship between CVAG and IID. Mr. Dame's presentation will address these issues and provide an opportunity for questions from the Executive Committee. As part of our analysis of options for a CCA, staff has also reached out to various agencies that have functioning CCAs in place and other organizations involved in promoting CCAs. CCAs are a rapidly growing opportunity for local govemments. The California Public Utilities Commission recently held a symposium on CCAs and is hosting regular calls with existing and potential CCAs. Staff has worked with WRCOG to develop a request for proposals (RFP) to obtain bids on various implementation tasks involved in launching and operating a CCA. Release of this RFP (February 2017) will invite qualified consultants to submit proposals for all or part of the CCA implementation tasks. The RFP asks for proposers to present their cost proposal by task for the following options: 1) Separate CCAs for each of three regions (CVAG, WRCOG, and SBCOG); 2) A CCA for the combined two county area (Riverside and San Bernardino Counties; CVAG, WRCOG, and SBCOG combined); and 3) A CCA for each county area (Riverside County (CVAG and WRCOG) and San Bernardino County (SBCOG)) separately. Responses to the RFP will assist with our analysis of the potential costs of a CCA under various governance and operational structures. This information will help staff and committee members to evaluate the pros and cons of formation of smaller, local CCAs for the Coachella Valley, Western Riverside and San Bernardino County compared to one larger CCA for all three councils of government. Next Steps: The next steps for a CCA would include determination of governance and operational structure (early 2017). Based on review of the options for governance structure used by CCAs in and outside California, there is a range from a fully staffed agency to a third -party "turnkey" governance model. Three of the five functioning CCAs in California use a Joint Powers Authority governance model, including Sonoma Clean Power and Marin Clean Energy. A JPA provides a flexible framework for CCAs and in California, has been the preferred structure for a CCA. A JPA also provides financial risk mitigation for its local government members. The City of Lancaster, the only operational CCA in Southern California, uses a single jurisdiction model. Related to the governance structure are the operational options for how to set up and organize a CCA. The feasibility study describes and evaluates these options in more detail. Staff is working with WRCOG and SBCOG to gather additional information about these options and how they are working in other areas. To explore the options for governance structure and implementation of a CCA, staff requests that the Executive Committee authorize formation of an Ad Hoc Working Group. This working group would be composed of members of the Energy and Environmental Resources Committee who represent cities served by Southern California Edison that are interested in participating in CVAG's CCA program, and one or more city managers/city staff to work with CVAG staff on CCA implementation. Riverside County is pursuing a CCA program on their own and Rancho Mirage is also pursuing their own CCA. Staff will continue to coordinate with both agencies as appropriate. WRCOG has also formed an ad hoc group to evaluate CCA options. The Energy and Environmental Resources Committee ("E&E") does not have a regularly scheduled meeting until April 13. In order to continue our progress on a CCA program, staff requests that the Executive Committee provide direction to staff to work with the E&E Chair on establishing a CCA Ad Hoc Working Group. Based on their input, staff expects to bring back additional information and recommendations on selection of governance and operational structures at the next meeting. The schedule below summarizes a CCA launch schedule presented on page 82 of the business plan. This is an estimated schedule to illustrate the various tasks necessary to implement a CCA program and the timing for these tasks. The schedule is an estimate and may be adjusted. The filing of an Implementation Plan with the California Public Utilities Commission and a notice of intent with Southern California Edison (SCE) are essential steps for the formation of a CCA. Other actions include establishing financing for start-up costs, data testing with SCE, and selection of a vendor to provide power supply and data management services. Based on the estimated timeframe, an implementation plan could be filed with the CPUC by mid-2017 and launch of the first phase of a CCA could occur by early 2018. February 2017 February 2017 March/April 2017 April/June 2017 April/June 2017 May 2017 May 2017 June/July 2017 May -Nov. 2017 Fall 2017 Early 2018 Early 2018 Receive final business plan Release RFP for CCA implementation assistance Determine preferred governance structure Set up governance board Select power supply and data management vendor Adopt Resolution of Intent and File Implementation Plan with CPUC File Notice of Intent with SCE Arrange financing of start-up costs SCE data testing Customer Opt -out 1st and 2nd notices sent Launch phase 1 (municipal/commercial facilities) Customer Opt -out 3rd and 4th notices sent The consultant team has offered to provide an update to individual member jurisdictions upon request. Fiscal Analysis: The Executive Committee authorized expenditure of not to exceed $75,000 for CVAG's share of the feasibility study in April. The joint feasibility study offers cost efficiencies for all agencies involved. The total cost of the Feasibility Study is divided in proportional shares among WRCOG, CVAG and SBCOG. To date, CVAG's share of the cost of the Feasibility Study is approximately $25,000. Link to Attachment: 1. Final Draft Inland Choice Power Community Choice Aggregation Business Plan — December 8, 2016 http://www.cvaa.ora/library/pdf files/enviro/CCA CVAG WRCOG SBCOG Final Feasi bility Study%20 12 08 16.pdf. 2. Discussion Draft: CVAG and Community Choice Aggregation, prepared by Don Dame for IID. DISCUSSION DRAFT Coachella Valley Association of Governments and Community Choice Aggregation BACKGROUND CVAG /IID CCA Discussion Draft 2/21/2017 Coachella Valley Association of Governments (CVAG) is in the process of reviewing potential Community Choice Aggregation (CCA) alternatives which may be of interest to certain of its members. CVAG recently joined with SANBAG and WRCOG to conduct a CCA feasibility study (Inland Choice Power Community Choice Aggregation Business Plan) which suggests possible overall retail power cost reduction to CCA participants in the 3-5 range versus status quo power supply service from Southern California Edison (SCE). CVAG is geographically proximate to Imperial Irrigation District (IID). IID, in addition to irrigation district activities, operates a large publicly owned full service integrated electric utility. Both CVAG and IID want to explore possible ways in which IID might assist CVAG's investigation and possible implementation and or administration of a CVAG sponsored CCA program. This draft discussion paper outlines various considerations and implications associated with CVAG establishing and operating a CCA program with (or without) some form of assistance from IID. CVAG staff contacted Imperial Irrigation District to explore the potential for IID to provide experiential and technical assistance to CVAG. This discussion paper was prepared by Don Dame, energy consultant for IID. Mr. Dame has over 30 years' experience at various gas and electric utilities and west coast public power organizations. He has considerable expertise in the electric power business, including community choice energy and renewable resources. IID Energy Manager Vicken Kasarjian graciously offered Mr. Dame's services to CVAG as we explore the CCA opportunities. CCA IN A NUTSHELL California legislation passed in 2002 and amended in 2011 allows cities, counties, or groups of cities and counties to undertake electric power supply responsibilities on behalf of customers within their respective jurisdictions that are currently served by investor owned utilities (IOUs). The existing IOU continues to be responsible for all related local distribution services including customer billing, which bills will also include the CCA's incurred power supply costs and other business/operating expenses. One significant risk of a CCA is that customers are not "captive;" that is, customers can opt -out of the CCA and can return to SCE for power service. If a significant number of customers do opt -out, a CCA can become economically impractical or fail completely. SIZE OF A CVAG CCA Based on information provided in the Inland Power Study, CCA eligible CVAG power load is in the range of 200 aMW per year. From a power supply perspective, CVAG would be the 10th largest public power entity in California. This amount of load translates to annual CCA power supply costs and operating expenses approaching $200 million per year. A CCA of this size thus 1 CVAG / IID CCA Discussion Draft 2/21/2017 represents a very significant and ongoing business effort which could employ in the range of 2- 25 or more employees depending on the adopted business structure. CCA GOVERNANCE AND BUSINESS MODEL There are about a half dozen operating CCAs in California with many more communities in various stages of investigation, development and implementation. Governance is typically provided under a JPA or municipal enterprise structure. There are three general business approaches to establishing a CCA: 1. "OUTSOURCE" -- Select a single vendor to set up and operate/oversee all requisite CCA functions under a contract arrangement. 2. "JOIN" -- Find an existing CCA which accepts new participants and join that organization. 3. "IN HOUSE" -- Perform, or cause to perform, all required business activities within the structure of the CCA organization. This may include hiring staff, external technical and legal consultants, and various technical services vendors. Thus far in California, 2 and 3 above have been the most common approaches. Riverside County is actively considering a CCA contract arrangement with Good Energy which would be very similar to a fully out -sourced approach. CCA DRIVERS Factors contributing to local government interest in CCA include: • Reducing retail power rates • Providing power supply with a lower carbon footprint ("more green") • Enhancing Local Control o Economic Development o Jobs Creation o Local renewable resource development o Community power activism/interest • Contributing to local climate action goals • "Me Too." As more community leaders become aware of the successes of other CCAs they ask, "Why shouldn't we do a CCA here?" TIMING AND MARKETS Marin Clean Energy (now MCE Clean Energy) was California's first operating CCA which "went live" in 2010, nearly eight years after the passage of California's CCA legislation. A significant inducement to establishing a CCA is to attain lower power rates than the existing IOU. Indeed, 2 CVAG / IID CCA Discussion Draft 2/21/2017 one can imagine much less enthusiasm and local government interest in setting up a CCA which would result in customers paying higher electricity costs than the local IOU. Since 2010, the historically volatile power market has been relatively "kind" to CCAs in that incremental market prices have been significantly below IOU embedded average portfolio cost. This outcome has been primarily influenced by abundant natural gas supply and associated relatively low natural gas prices, along with plentiful and falling renewable and conventional resource capacity prices. With sufficient excess capacity as now exists in California, electric power prices tend to gravitate to marginal production cost, the bulk of which is fuel. In California natural gas price provides a fair "fuel proxy" for wholesale electricity price. As MCE was gearing up in 2010, natural gas prices were declining from historic levels, adding economic impetus to MCE's environmental objectives. Fortunately for subsequently established CCAs, wholesale electricity prices have further declined since 2010, but there are some recent signs that this trend may be reversing. Natural gas prices are currently about $1.00 per MMBtu higher than a year ago, which adds about $10 / MWh to electricity prices. In any case, market prices for electricity remain outside the control of any CCA although total supply cost volatility may be mitigated with long term contracts, effective risk management practices and development of physical resources. The graph which follows notionally illustrates the general relationship between natural gas and electricity prices, along with a green "threshold bar" above which CCA local support likely diminishes due to a CCA having to charge higher rates than the existing IOU. 3 Is CCA Timing Important? CCEs most viable when "red line" below "green line" $/ MWh 160 140 120 100 80 60 0 2002, AB117 CCAs Allowed 2010, 1st CCE Marin Clean Energy Proxy Market Power Price f(nat gas) CVAG / IID CCA Discussion Draft 2/21/2017 Proxy B/E Price For CCE to Price Compete w/IOU V op co T o o e s C C O O O O O O O 0 0 0 0 0 O O o a 2o o o o Notice that electricity market prices have been sufficiently low since 2010 to allow a well - managed CCA to operate with rates slightly below or at parity with the incumbent IOU (red line below green line). In some cases, savings of 5% or more have been attained. Since early 2016, however, there appears to be a trend of increasing natural gas price which may or may not be sustained. One possible conclusion for organizations considering CCA is to establish their business more swiftly, to enhance the likelihood of securing power supply at prices competitive with the incumbent IOU. If power market prices return to the relative levels observed between 2002 and 2009 (red line above green line), it would be virtually impossible for a new CCA to acquire power supply at a cost allowing lower rates than the incumbent IOU. 4 CVAG /IID CCA Discussion Draft 2/21/2017 CVAG AND IID IID, in addition to its significant irrigation district responsibilities, is the third largest publicly owned electric utility in California. IID has a peak system load close to 1,000 MW and average annual energy sales of approximately 400 aMW. IID is a full service integrated wholesale/retail electric utility which owns and operates transmission and distribution lines and power plants, as well as performing "balancing authority" services for its large geographic service territory (separate and distinct from SCE and the CAISO). Thus IID inherently has the complete range of business and technical skills to operate and maintain a large power system on both a minute - to -minute and long range basis. Indeed, required CCA related skill sets include only a subset of IID's comprehensive power supply, business, planning, finance and technical operating capabilities. Some additional learning and adjustment would be needed by IID to tackle the nuances of CCA power usage/billing data management interface with incumbent IOU, along with requisite CPUC regulatory compliance pertaining to CCAs. Should CVAG opt to establish a CCA, skills sets needed include: • Customer Service / Public Relations / Key Accounts Reps / CIS / Information Technology • Rates / NEM / FIT tariffs and services / Cost of Service Analysis • Planning and Forecasting • Finance / Accounting / Budgeting / Credit / Commercial Banking • Risk Management (business, insurance, power supply) • Power Contracting / Resource Acquisition • CAISO Schedule Coordination / Validation / Settlements • Governance • Legal Support • Staffing / HR • Regulatory Compliance / Reporting / Monitoring • Data Interface and Billing interface with IOU IID could provide various levels of assistance to CVAG in attaining and / or performing these skill functions, from general advice to full CCA program management including resource procurement. IID's electric service territory includes the greater geographic portion of the Coachella Valley and would be immediately adjacent to any established CVAG CCA. The major urban communities which could be served by a CVAG CCA include Rancho Mirage, Palm Desert, Indian Wells, as well as portions of unincorporated Riverside County. Skill sets needed by existing and new CCAs are widely available in the market from a large and growing number of consultants and vendors desiring to profit from California's enlarging CCA market. Many of the more experienced vendors have been serving this market for years. 5 CVAG /IID CCA Discussion Draft 2/21/2017 Depending on the business structure a CCA adopts, notional non power supply operating costs are typically in the $3-$5 per MWh range when averaged out over CCA load --- with larger Toads experiencing lower average unit operating expenses. Both CVAG and IID should realistically assess whether IID could tune its technical skills to CCA services in a competitive manner versus existing and experienced CCA service suppliers. Certainly two desirable IID characteristics are its non-profit structure and geographic proximity to CVAG, but these positive attributes may not be sufficient to overcome the attainment of CCA services from entities exclusively focused on the CCA market. RESIDENTIAL RATES CAVEAT Currently IID residential rates average about $ 0.12 / kWh and SCE's comparative residential rates average about $ 0.21 / kWh. IID's rates are lower than SCE's by nearly 40%. Thus some homes, literally across the street from each other, receiving respectively service from these two utilities have dramatically different power bills. A home, for example, with 2,000 kWh summer month power consumption would pay approximately $240 under IID rates and $410 under SCE rates. Involved IID and CCA decision makers and customers will need to acknowledge and understand that if IID were to assist CVAG's CCA efforts in some manner, such assistance would not include any ability for IID to subsidize or transfer, all or in part, IID's current residential rate advantage to CVAG's CCA customers. Rates and charges associated with any newly established CCA would be wholly a function of then prevailing power market prices, regulatory mandates and business infrastructure. Although a new CCA may be able to achieve some rate savings versus SCE, such savings is not likely to exceed 5% at best. Therefore, a significant price difference between CCA and l'D residential rate structures will continue to exist. 6 CVAG /IID CCA Discussion Draft 2/21/2017 POTENTIAL CVAG CCA BUSINESS APPROACHES 1. STATUS QUO — CVAG does not establish a CCA and electricity customers continue to receive retail service from SCE. 2. CVAG JOINS EXISTING CCA' -- CVAG and interested CVAG members take requisite actions (via existing or new JPA structure) to establish and certify a CCA and then join with an existing CCA to attain all related business services and power supply as "part" of the existing CCA. 3. CVAG BECOMES CCA2 -- CVAG and interested CVAG members take appropriate governance actions to establish, manage and operate a new CCA. a. FULL OUTSOURCE -- Select a 3'd party to perform, or cause to perform, all requisite CCA activities (similar to "Good Energy" suggested approach, and, conceivably, an entity like IID could be such a 3'd party as well). b. PARTIAL OUTSOURCE -- CVAG selects one or more vendors and/or consultants to perform such business and technical services that CVAG opts not to perform internally (this tends to be model used by existing California CCAs, and, conceivably an entity like IID may be able to provide certain of the needed services). c. FULL IN-HOUSE -- CVAG staffs up sufficiently to perform all requisite CCA related business and technical activities (this approach would be especially labor intensive and expensive given the scale economies associated with many power related skills and functions; no existing CCA has pursued this approach although some of the significantly larger CCAs in various stages of development may be able to support and justify such an approach). Under any of the above approaches (including Status Quo), IID could, at minimum, be a valuable source of information and advice to CVAG regarding nuances and potential efficacy of entering the electric power business. In essence, IID could provide experienced and impartial peer -to -peer "reality checks" of CCA activities. Subject to any ultimate CCA structure pursued by CVAG, IID could provide more extensive advice, consulting and or technical services to assist and support, and possibly fully administer at CVAG's direction, a CVAG initiated CCA. And such support from IID could also include developing a robust power supply portfolio; the provision and or procurement of requisite ancillary services; interface with the CAISO on planning, scheduling, settlements and validation; and providing CVAG the opportunity to participate in new (or perhaps existing) conventional and renewable projects. 1 Note that individual CVAG members could unilaterally establish a CCA and or join another existing and accommodating CCA program. 2 Similar to above individual CVAG municipal members could unilaterally establish, manage and operate a CCA independently from CVAG and/or other CVAG members. 7 CVAG /IID CCA Discussion Draft 2/21/2017 The tabulation below further expands the options outlined above and describes potential IID "roles" together with notional benefits and shortcomings of such IID involvement from both IID and CVAG perspectives: NOTIONAL CVAG COMMUNITY CHOICE ENERGY APPROACHES Status Join Existing CVAG Establishes a CCA Particulars Quo CCA Full Partial Full In- Notes Outsource Outsource House Descripti SCE CVAG CVAG CVAG CVAG on continues formally formally formally formally to provide establishes establishes establishes establishes full retail a CCA (via a CCA. a CCA. a CCA. And electric JPA) and Contracts Undertakes undertakes service for joins an with a manageme all all existing CCA single 3rd nt and manageme customers to attain party to operations nt and CVAG Activities No formal CVAG role, CVAG may want to promote / encourage various energy efficiency measures from time to time for its CCA services for participatin g members. One or more CVAG representati ves on CCA board, likely need 1 f/t staff to oversee CCA business relationship within the existing CCA. attain all needed CCA services. 3rd Party contract oversight at Board level, likely need 1 f/t staff to manage contract relationship and keep CVAG Board informed and to vote on CCA of CCA with internal staff, selected vendors and consultants Full manageria I oversight and control including finance, credit, power procurem ent and customer service. Likely operations of CCA with internal staff, minimizing use of vendors and consultants Full immersion into CCA operations and manageme nt. May "grow" to about 30 new staff over time (using MCE proxy). All functions performed The described options are not fully comprehens ive and there are many "shades of grey" which may be applicable in particular circumstanc es. Level of CVAG activities may vary over time as it gains experience, markets change, Board objectives change, or other opportunitie s arise. 8 CVAG j IID CCA Discussion Draft 2/21/2017 NOTIONAL CVAG COMMUNITY CHOICE ENERGY APPROACHES CVAG Establishes a CCA Particulars Status Join Existing Quo CCA constituen cy. CVAG + Avoids business start-up and associated risks. Allows CVAG to focus on existing goals and objectives without the burden of a new endeavor. CVAG - Avoids possible CCA savings, renewable resources promotion . There may not be another opportuni ty to start a local CCA. Provides a local CCA without start-up risk or new business infrastructu re, improves scale economies of existing CCA. Subject to decisions made by "other" CCA, CVAG may not fully meet its member power needs and goals. Full Outsource action items. Establish local CCA with minimal staffing and operations burden, tailor local efficiency and renewables programs. Partial Full In- Notes Outsource House require 3- or directed 6 staff. internally. Run and control local CCA. Keeps members involved and responsibl e. Can adjust program as needed. Full local control and response to constituen cy. More intense use of existing JPA infrastruct ure. Provide long term benefits to CVAG members. Risk of Some new New working staff likely. business with 1 Must burdens party, may establish and risk. not have business Do sufficient and members local input technical want to or control, relationshi add selected ps with needed entity may vendors. staff? Will be a profit Adds CCA making business activities company. and overshado market w or dilute risk of other power CVAG procurem missions? ent. For constituents who support public, non- profit enterprise, a CCA presents one more opportunity for public provision of an essential service. Apart from status quo, any CCA program will involve a range of risks, which may be mitigated but not eliminated. 9 Particulars IID Activities CVAG / IID CCA Discussion Draft 2/21/2017 NOTIONAL CVAG COMMUNITY CHOICE ENERGY APPROACHES CVAG Establishes a CCA Full Partial Full In- Outsource Outsource May IID could IID could provide provide provide general advice, full/partial advice or possible assistance "rep" to participatio with participate n in IID power on behalf of existing procurem CVAG. /new ent, resources, customer possible IID service, full resource "manageme planning, nt" of etc. in CVAG's CCA either contract advisory services. or Status Join Existing Quo CCA n/a IID + n/a IID - n/a n/a n/a Good business neighbor to CVAG, potential new resource partner, enhance regional reputation. Would be a new business relationship contract support role Share existing power expertise, may help CVAG succeed, possible CVAG partner for resource developm ent and energy efficiency. CCA is slightly different business House Provide advice and possibly some contract services if good business fit. Possible joint resource planning. May share power expertise, resource developme nt partner, joint efficiency efforts. Economies on shared skills. Notes Any IID involvement with a new CCA should be assessed at Board and organization levels to assure mutual long term goals compatibilit y. May establish a positive power side relationship which may at some point provide other cooperative ventures. CCA is May also different result in business "entanglem model, ent" difficult 10 CVAG /IID CCA Discussion Draft 2/21/2017 NOTIONAL CVAG COMMUNITY CHOICE ENERGY APPROACHES Particulars Other SUMMARY Status Join Existing Quo CCA CVAG Establishes a CCA Full Partial Full In- Outsource Outsource House with CVAG, model, may dilute possible may dilute IID negative business business implications focus, may focus, may if CCA fails get get to attain "blame" "blame" desired for any for poor results or sub -par CVAG fails. CVAG outcomes/ outcome. decisions. Notes to extract from if the business relationship should sour due to some uncontrollab le reason or event. The legislative and business framework exists for local city and county bodies to establish a CCA. Commensurate with increasing levels of CCA activity in California, many power marketers, vendors and consultants are competitively providing a comprehensive array of services within the CCA space. CVAG and its members are considering how they may establish a CCA program either by participating with other similarly situated public organizations or perhaps establishing a CVAG-specific CCA. If CVAG establishes a new CCA it will need to perform or attain related business, technical, and power supply services. Other existing CCAs have successfully attained needed services by adding internal staff and or seeking external consultants and vendors through RFP processes. Another potential avenue for CVAG to acquire needed CCA skills may be through some type of formal arrangement with IID. IID is a large, full service public power organization and could assist a CVAG CCA in developing a power supply portfolio; the provision of requisite ancillary services; interfacing with the CAISO on planning, scheduling, billing, settlements and validation; and providing CVAG the opportunity to participate in new (or perhaps existing) conventional and renewable power resource projects. The success of a newly established CCA will at least in part be assessed on retail rate levels and currently rising natural gas prices tend to dampen some of the economic benefits of a new CCA. The brief outline herein attempts to highlight potential implications, benefits and possible shortcomings associated with IID providing some form of assistance to the development and operation of a CVAG CCA. 11 CVAG Coachella Valley Association of Governments Ad Hoc Working Group Community Choice Aggregation Monday, May 15, 2017 MEETING NOTES A. Introductions/Attendance Cathedral City — Shelley Kaplan, Charlie McClendon Desert Hot Springs — Yvonne Parks, Luke Rainey Indian Wells — Richard Balocco Palm Desert - Sabby Jonathan, Ryan Stendell Palm Springs — Geoff Kors CVAG staff — Tom Kirk, Katie Barrows, Benjamin Druyon, Don Dame (on phone) B. Governance Structure. Three options for governance structure were reviewed (see Attachment 1). The Working Group recommended the "New JPA, CVAG provides staff' option. The Draft Joint Powers Agreement (JPA) has been revised to identify CVAG staffing for first five years. (Revised JPA, Attachment 2). Action Items 1. Members agreed to circulate draft JPA agreement among their staff, legal counsel for review C. Potential Financing Options. Tom Kirk reviewed potential financing options and indicated that participating agencies could provide a loan to the CCA for start-up costs, at a favorable interest rate. CVAG is evaluating capacity to do so. Start-up costs are estimated to range from $1 million to $2.5 million. Action Items 1. Members are asked to consult with staff, finance directors about your city's interest in participating in start-up financing. Funds would be paid back once CCA is operational and sufficient revenues are generated. D. Benchmark Steps to CCA Formation A draft schedule providing for launch of a CCA in May 2018 was reviewed. Staff provided an overview of governance issues. A separate joint powers agency is recommended. Don Dame provided a summary of a weighted voting share structure used by other CCAs (see Attachment 3). Action Items 1. City Council study session presentations scheduled with all participating cities: Palm Springs — May 3 Palm Desert — May 11 Indian Wells — June 1 Desert Hot Springs — June 6 Cathedral City — June 14 Blythe - TBD 2. Staff to work with each city staff to schedule consideration of JPA formation as soon as possible, given summer schedule E. Rates and Rate setting protocols. Staff provided a summary of rate structures for existing CCAs in California (see Attachment 4). Attachments: 1. Governance & Operations Structure Options 2. Draft Joint Powers Agreement 3. Benchmark Steps to CCA Formation 4. 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