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HomeMy WebLinkAboutStaff Report 2411-37534.Staff Recommends the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution, Approving the FY 2026 Electric Financial Forecast, including Transfers, Amending Rate Schedules E-1 (Residential Electric Service), E-2 (Residential Master- Metered and Small Non-Residential Electric Service), E-2-G (Residential Master-Metered and Small Non-Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E-4-G (Medium Non-Residential Green Power Electric Service), E-4 TOU (Medium Non-Residential Time of Use Electric Service), E-7 (Large Non-Residential Electric Service), E-7-G (Large Non-Residential Green Power Electric Service), E-7 TOU (Large Non-Residential Time of Use Electric Service), E-14 (Street Lights), E-16 (Unmetered Electric Service), E-EEC-1 (Export Electricity Compensation), and E-NSE-1 (Net Metering Surplus Electricity Compensation) ACTION 7:55PM – 8:40PM Item No. 4. Page 1 of 32 5 8 8 1 Utilities Advisory Commission Staff Report From: Kiely Nose, Interim Director of Utilities Lead Department: Utilities Meeting Date: April 2, 2025 Report #: 2411-3753 TITLE Staff Recommends the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution, Approving the FY 2026 Electric Financial Forecast, including Transfers, Amending Rate Schedules E-1 (Residential Electric Service), E-2 (Residential Master-Metered and Small Non-Residential Electric Service), E-2-G (Residential Master-Metered and Small Non- Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E- 4-G (Medium Non-Residential Green Power Electric Service), E-4 TOU (Medium Non- Residential Time of Use Electric Service), E-7 (Large Non-Residential Electric Service), E-7-G (Large Non-Residential Green Power Electric Service), E-7 TOU (Large Non-Residential Time of Use Electric Service), E-14 (Street Lights), E-16 (Unmetered Electric Service), E-EEC-1 (Export Electricity Compensation), and E-NSE-1 (Net Metering Surplus Electricity Compensation) RECOMMENDATION Staff recommends the Utilities Advisory Commission recommend that the City Council adopt a resolution (Attachment A): 1. Approving the Fiscal Year 2026 Electric Utility Financial Forecast shown in this staff report and attachments; and 2. Approving the transfer at the end of FY 2025 of up to $5 million from the Electric Utility Supply Operations Reserve to the Distribution Operations Reserve; 3. Amending Rate Schedules (Attachment B) effective July 1, 2025 (FY 2026): a. E-1 (Residential Electric Service) b. E-2 (Small Non-Residential Electric Service) c. E-2-G (Residential Master-Metered and Small Non-Residential Green Power Electric Service d. E-4 (Medium Non-Residential Electric Service) e. E-4-G (Medium Non-Residential Green Power Electric Service) f. E-4 TOU (Medium Non-Residential Time of Use Electric Service) g. E-7 (Large Non-Residential Electric Service) h. E-7-G (Large Non-Residential Green Power Electric Service) i. E-7 TOU (Large Non-Residential Time of Use Electric Service) j. E-14 (Street Lights) Item No. 4. Page 2 of 32 5 8 8 1 k. E-16 (Unmetered Electric Service) to recover capital and maintenance costs for utility pole attachments and telecom conduit l. E-EEC-1 (Export Electricity Compensation) to reflect 2024 avoided cost, and m. E-NSE-1 (Net Surplus Electricity Compensation) to reflect current projections of FY 2026 avoided cost. EXECUTIVE SUMMARY The City of Palo Alto Utilities (CPAU) provides electricity, water, wastewater, natural gas, and fiber optic services to the Palo Alto community. The Public Works Department also provides refuse collection and processing for recycling, compost and garbage, wastewater treatment and stormwater management. The City’s primary goals are to manage these services in a way that ensures continued safe, reliable, environmentally sustainable, and cost-effective operations. The City is proposing rate increases this year for electric, natural gas, wastewater and water services. The stormwater management fee increase will occur per the Consumer Price Index (CPI) as approved by residents in a 2017 ballot measure. The City strives to be transparent with utilities customers about the reason for rate changes, including explaining the cost drivers, benefits to customers, what the City is doing to keep costs low for ratepayers, and the services and programs provided by the City to help customers keep utility bill costs low. Attachment E outlines CPAU’s plan for communicating rate changes to customers. Staff are presenting an overview of the financial forecast and rate change proposal for each utility service to the Utilities Advisory Commission (UAC) and Finance Committee prior to City Council review and approval in June 2025. The Electric Utility rate forecast proposes a 5.1% rate increase for FY 2026. Last year’s forecast projected 5% annual rate increases from FY 2027 to FY 2029. The updated forecast now projects a 6% increase in FY 2027, 8% increases in FY 2028 and FY 2029, and a 6% increase in FY 2030. Table 1 shows the proposed rate increases for FY 2026 through FY 2030. The drivers for this increase relative to last year’s forecast include a new warehouse and laydown yard for grid modernization, replacement of emergency generators, and an update to the General Fund Transfer forecast from $15.6 million to $17.4 million beginning in FY 2026. The General Fund Transfer increase is a result of the estimated grid modernization asset value increase (capital assets are an input to the Council-adopted General Fund Transfer methodology and when capital assets increase, General Fund Transfer also increases). Although the General Fund Transfer is funded by non-rate revenue, less non-rate revenue is projected to be available to pay for other costs with a larger General Fund Transfer and so a larger rate increase is necessary. The rate increases in the outer years of the forecast could change as the Council finalizes plans for debt financing grid modernization costs. In the current year, FY 2025, power supply costs are expected to be slightly lower than forecasted a year ago; the main driver for this shift is extremely high market prices for resource adequacy capacity and renewable energy credits, which have yielded higher wholesale revenues for the City. The City’s load (consumption) for the current year is projected to be about 10% higher than previously forecasted, but is then expected to be relatively flat over the next several years. Meanwhile, output from the City’s hydroelectric resources is projected to be roughly equal to Item No. 4. Page 3 of 32 5 8 8 1 long-term average levels over the next few years. Hydroelectric revenue continues to be a large source of uncertainty in the City’s supply cost projections. In the next five years, staff expects increasing transmission access charges, rising renewable portfolio standard requirements, and tightening resource adequacy requirements to steadily increase electric supply costs. Capital spending and distribution system maintenance spending is rising due to grid modernization, fiber-related investments and an upgrade to the Hanover Substation which will benefit all electric rate payers. Staff expects grid modernization and related capital costs to be offset with a series of debt financing with the first bond issuance in FY 2026. Table 1: Current Year (FY 2025) and Projected Overall Rate Trajectory from FY 2026 to FY 2030 BACKGROUND ANALYSIS Past Trends Item No. 4. Page 4 of 32 5 8 8 1 the electric system, and the cost of contract field crews to cover operational work due to challenges with filling vacancies and multi-year construction projects such as Foothills undergrounding and grid modernization. Table 2: FY 2024 Actuals vs. Prior Year’s Forecast ($000) Net Cost/(Benefit) Variance Type of change Higher revenues from higher load (5,083)Revenue increase Lower electric supply costs (7,897)Cost decrease Higher operational costs 8,799 Cost increase Lower than forecasted capital investment (28,074)Cost decrease Net Cost / (Benefit) of Variances (33,156) Projections Overview Item No. 4. Page 5 of 32 5 8 8 1 Operations costs in FY 2025, other than public benefits and Low Carbon Fuel Standards (LCFS) expenses, are projected to be $5 million, or 7% higher than FY 2024 actuals. Allocated charges from other City departments are projected to increase 9% based on adopted FY 2025 budget numbers. Item No. 4. Page 6 of 32 5 8 8 1 Figure 1: Electric Utility Revenues, Expenses, and Rate Changes: Staff conducted an updated load forecast for FY 2026, with forecast methodologies that incorporated weather patterns, economic factors, and historical trends. This forecast projected energy demand at 893,052 MWh and a peak load of 163 MW in FY 2026. This forecast also included a revised FY 2025 energy demand about 8% higher than last year’s forecast, at 902,133 MWh and 164 MW, driven largely by higher-than-expected sales in FY 2024. The main contributors of the increased demand include 10% growth in the E-7 rate class, driven primarily by a customer’s data center expansion, which added nearly 30 GWh to the load. This customer’s formalized capacity reservation agreement further adds 60 GWh annually and is included in this forecast. However, long-term trends show a gradual 1% annual decline over the last 20 years in load due to energy efficiency measures, rooftop solar adoption, and the loss of industrial users, partially offset by growth in building electrification and EV charging. Figure 2 shows the forecast of electricity consumption through FY 2044. Electricity consumption, which was depressed due to the economic effects of the pandemic, is assumed to recover to a level slightly above the long-term trend line (shown in the FY 2026 Forecast line). Potential factors that may offset declining sales include another potential data center project and Figure 2 shows a range of forecasts up to the FY 26 Forecast (high range) line. Building and vehicle electrification at a business-as-usual level is included in the FY 2026 forecast, but large increases in the pace of building and vehicle electrification could increase sales further as well. Demand forecasts are 14%6%8%0% 0% 35% 5%6%8% 8%6% 0 50 100 150 200 250 300 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Actuals Projection $ M i l l i o n s Fiscal Year Capital Investment Electric Commodity Operations Transfers Grid Modernization Debt Debt Service Revenue -5% Notes: 1)The 35% increase includes April 2022 activation of the Hydroelectric Rate Adjuster (HRA), a 5% base rate increase, and the January 1, 2023 increase of the HRA from $0.013/kWh to $0.048/kWh. 2) The 5% decrease include July 1, 2023 deactivation of the HRA and a 21% increase to the base rates to align with long-term expenses. 3) COS Study Adjustment of -6% to 9% Rate Change depending on usage levels -6% to 9% (2)(1) (3) Item No. 4. Page 7 of 32 5 8 8 1 updated every year taking into account fundamental changes. Staff updates the forecast annually based on the most updated information for financial forecast purposes. Figure 2: Forecasted Electricity Consumption Item No. 4. Page 8 of 32 5 8 8 1 Figure 3: Forecasted Electricity Peak Demand The Electric Utility receives most of its revenues from sales of electricity to Palo Alto customers, but about 20 to 25% comes from other non-rate revenue sources. Of these non-rate revenue sources, about 50% to 75% represents wholesale revenues – from surplus energy sales, surplus RA sales, and sales of RECs that are in excess of the City’s renewable portfolio standard (RPS) requirements. These revenues may offset electric supply purchase costs, smooth rate increases, or fund reserves or costs including the Electric General Fund Transfer and local decarbonization programs of the remaining revenues, the largest sources are interest income, customer connection fees for new or replacement electric services, and carbon allowance sales revenues associated with the State’s cap-and-trade program. Staff expects Cap-and-Trade allowance revenues to stabilize through the forecast period, but this revenue source is uncertain as the current regulations are set to sunset in 2030 unless reauthorized by the State. The California Air Resources Board (CARB) is in the process of updating Cap-and-Trade regulations to increase the stringency of the program and allowable uses by lowering the target emissions levels. A revised regulation is expected to be adopted in 2025, with implementation anticipated in 2026. Staff will update Cap-and-Trade related revenues projections when more information becomes available. Item No. 4. Page 9 of 32 5 8 8 1 The forecast for interest income assumes current interest rates continue, and there are no major reserve reductions aside from what is anticipated in this forecast. If interest rates rise, interest income could increase, and if reserves decrease (due to drought or a withdrawal from the Electric Special Projects (ESP) reserve for a major project), interest income would decrease. Expenses Item No. 4. Page 10 of 32 5 8 8 1 Figure 4: Electricity Supply by Source Figure 5 and Table 3 show the actual and projected costs for the electric supply portfolio,1 and Figure 5 also shows average and actual hydroelectric generation.2 FY 2021 and FY 2022 had lower than average hydroelectric generation, while FY2024 had higher than forecasted generation. Starting in FY 2023 (in the FY 2024 Electric Utility Financial Plan) staff lowered its projection of an average hydroelectric year to more closely align with the past 10 years of historical averages. Renewable energy costs have stayed relatively flat as one renewable energy contract ended while another renewable project came online to fulfill the City’s carbon neutral and RPS goals. The current market outlook is uncertain for newer renewables projects because of headwinds from supply chain issues and interconnection delays, along with the potential for new trade tariffs and reduced federal subsidies. CAISO transmission access charges are projected to continue to increase as transmission lines are built throughout California to accommodate new renewable projects. In total, staff projects net electric supply costs to increase from an average of about $86 million from FY 2022 through FY 2025 to about $117 million by FY 2030. 1 Costs are shown net of wholesale revenues and cannot be directly compared with the electric supply purchase figures shown in Attachment C: Electric Utility Financial Forecast Table. 2 Average hydroelectric generation based on the currently inactive E-HRA rate schedule. -40% -20% 0% 20% 40% 60% 80% 100% 120% 140% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Actuals Projection % S h a r e Fiscal Year Net Market Purchases/Sales Hydroelectric Renewable Item No. 4. Page 11 of 32 5 8 8 1 Figure 5: Electric Supply Portfolio Costs FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Net Market Purchases / (Sales)(20,417)(9,146)(12,684)410 1,632 6,116 10,141 Renewables 33,794 36,196 37,489 38,805 40,283 38,078 35,402 Hydroelectric Costs 18,690 18,819 20,686 21,089 20,434 20,208 20,818 Transmission 30,093 28,559 29,120 30,768 32,844 35,042 37,137 Other Costs 6,349 10,000 17,070 6,111 8,668 12,518 13,529 68,509 84,430 91,682 97,182 103,861 111,961 117,028 0 100 200 300 400 500 600 700 -40 -20 0 20 40 60 80 100 120 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Actuals Projection Hy d r o e l e c t r i c G e n e r a t i o n ( G W h ) Su p p l y C o s t s ( $ M i l l i o n ) Fiscal Year Net Market Purchases / (Sales) Other Costs Renewables Hydroelectric Cost Transmission Average Hydro Generation Actual/Projected Hydro Generation Item No. 4. Page 12 of 32 5 8 8 1 Operations •Administration, including financial management of charges allocated to the Electric Utility for administrative services provided by the General Fund and for Utilities Department administration, as well as debt service and other transfers (for example, transfers to General Fund to pay for communications dispatch, fire training, graffiti removal from poles and boxes, and Office of Emergency Services emergency response). Additional detail on Electric Utility debt service is provided in the Debt Service section below •Customer Service •Engineering work for maintenance activities (as opposed to capital activities) •Operations and Maintenance of the distribution system; •Resource Management and Demand Side Management; and •Transfers including the General Fund Transfer, transfers to the City’s capital project fund, and technology fund. Item No. 4. Page 13 of 32 5 8 8 1 Figure 6: Electric Utility Operational Costs 0 20 40 60 80 100 120 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Actuals Projection $ M i l l i o n s Fiscal Year Resource Management Demand Side Management Administration Operations & Maintenance (including Engineering) Customer Service Transfers Item No. 4. Page 14 of 32 5 8 8 1 Capital Improvement Program Table 4: Electric Utility CIP Spending ($000) Item No. 4. Page 15 of 32 5 8 8 1 applied to those FY 2025 actual capital costs for grid modernization and related projects (see Council staff report 2411-3805,3 December 16, 2024 for a detailed discussion and accompanying Resolution 102094). Figure 7: Projected Funding Plan for Grid Modernization Project The Electric Utility has previously pledged reserves and net revenue as security for non-electric bond issuances listed in Table 5 even though the Electric Utility is not responsible for the debt service payments. The Electric Utility’s reserves or net revenues would only be called upon if the responsible utilities are unable to make their debt service payments. Staff does not anticipate that this will occur. These pledges have not impacted electric rates. Staff projects that the Electric Utility’s net revenues in each future year will exceed 125% of debt service (see Attachment C, Utility Financial Table, line 71). 3 Staff report 2411-3805 “Adoption of a Resolution of Intention to Reimburse Expenditures for the Grid Modernization and Related Projects of the Electric Utility System Infrastructure from the Proceeds of the Tax- Exempt Utility Revenue Bonds.” https://recordsportal.paloalto.gov/Weblink/DocView.aspx?id=83165 4 Council Resolution 10209 (Dec. 16, 2024) https://recordsportal.paloalto.gov/Weblink/DocView.aspx?id=62094 -30 -10 10 30 50 70 90 2025 2026 2027 2028 2029 2030 Projection $ M i l li on Fiscal Year Debt-Funded Rate/Reserve-Funded Budgeted Project Expense Annual Debt Service $86M Issuance $100M Issuance Item No. 4. Page 16 of 32 5 8 8 1 Table 5: Other Issuances Secured by Electric Utility’s Revenues or Reserves 2009 Water Revenue Bonds (Build America Bonds)Water $1,977*No Yes 2011 Utility Revenue Refunding Bonds, Series A Gas Water $1,457 No Yes *Net of Federal interest subsidy The Electric Utility currently has two primary contingency reserves, the Supply Operations Reserve and the Distribution Operations Reserve. In addition, the Electric Utility has a Hydro Stabilization Reserve, an Electric Special Projects (ESP) Reserve, and a Capital Reserve. Reserve funds may be utilized with Council approval. There are a variety of risks associated with the Supply Fund related to resource generation variability, market price volatility, transmission cost increases, and regulatory changes to market rules. Because of the high range of uncertainty in energy price predictions more than three years into the future, this risk assessment is only performed for the first two fiscal years of the forecast period. It is important to note that the likelihood of all these adverse scenarios occurring simultaneously, and to the degree described in Table 6, is very low. Item No. 4. Page 17 of 32 5 8 8 1 Table 6: Electric Supply Fund Risk Assessment Of the risks faced by the Electric Utility’s Supply Fund for FY 2027, the largest risk would be facing a dry year with very low hydroelectric output, accounting for one third ($7.6 million) of all the adverse cost uncertainty. Since the utility’s costs for its hydroelectric resources are almost entirely fixed, costs do not decline when the output of those resources are low, but the utility needs to buy power to replace the lost output. The converse happens when hydroelectric output is higher than average. Of the remaining risks for FY 2027, $5.2 million or 20% is related to potential transmission cost increases above staff’s current forecast. $4.4 million or 17% is related to the potential that total load (and the associated retail sales revenue) may be lower than projected. Other risks are related to production from the City’s renewable contracts and market prices for purchases and sales of energy and resource adequacy (Items 3, 4, 5, 6, and 7 above), totaling $5.6 million or 22%. As shown in Figure 8, staff anticipates the Supply Operations Reserve will remain within guideline levels throughout the five year forecast period. Note that the high reserve level in FY E O E O F F 1 L 3 4 2 H C 5 7 3 W 1 1 4 0 0 5 2 1 6 2 - 7 5 1 8 5 5 9 1 1 1 1 1 1 0 0 1 S 0 0 2 2 C U Item No. 4. Page 18 of 32 5 8 8 1 2023 is related to one-time revenues including a $24M refund from the successful litigation against the Bureau of Reclamation for overcharges related to power purchases from the Central Valley Project. These funds were redistributed to other purposes in FY 2024, with those transfers resulting in a reduction in the Supply Operations Reserve. Figure 8: Electric Supply Operations Reserve Adequacy Reserve Maximum Reserve Target Reserve Minimum 0 10 20 30 40 50 60 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Actuals Projection $ M i l l i o n s Reserve (Year-End) Item No. 4. Page 19 of 32 5 8 8 1 Table 7: Electric Distribution Fund Risk Assessment ($000) Total non-commodity revenue 77,592 85,849 88,142 88,744 92,892 94,459 Max. revenue variance, previous 10 yrs 8%8%8%8%8%8% Risk of revenue loss 6,124 6,776 6,957 7,004 7,331 7,455 CIP Budget 21,066 - 15,297 23,796 19,172 15,804 CIP Contingency @10% 2,107 - 1,530 2,380 1,917 1,580 8,231 6,776 8,486 9,384 9,249 9,036 In last year’s Financial Plan, staff proposed various reserve transfers to manage a one-year cash flow issue related to the grid modernization project. Council approved certain transfers recommended in last year’s Financial Plan in FY 2024 and FY 2025. At year end FY 2024, staff evaluated the reserve levels based upon actual FY 2024 results and completed necessary transfers within the Council approved levels. Following is a list of each of the transfers Council approved for FY 2024 followed by a discussion of the actual transfers completed in FY 2024. No transfer was necessary from the Electric Special Projects Reserves to the Supply Operations Reserve. Furthermore, the Electric Utility Supply Operations Reserve was able to repay $2.5 Reserve Maximum Reserve Target Reserve Minimum Risk Assessment -10 -5 0 5 10 15 20 25 30 35 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Actuals Projection $ M i l l i o n s Reserve (Year-End) Item No. 4. Page 20 of 32 5 8 8 1 million of an earlier $10 million loan from the Electric Special Projects Reserve in FY 2024. The current balance of the Electric Special Projects Reserve is $22.6 million. This Financial Forecast proposes the Electric Utility Supply Operations Reserve to repay the Electric Special Projects Reserve the remaining $7.5 million of the internal loan in FY 2025. Council also approved a transfer of up to $30 million from the Supply Operations Reserve to the Electric Special Projects Reserve in FY 2025 so no further Council action is necessary for staff to complete this transfer (Resolution 101785). Additionally, this forecast reflects repayments of $1 million per year from FY 2026 through FY 2030 to the Electric Special Projects Reserve for loans to the water and gas utilities for AMI investments. 2)Up to $17 million from the Supply Operations Reserve to the Hydroelectric Stabilization Reserve Staff completed the $17 million transfer from the Supply Operations Reserve to the Hydroelectric Stabilization Reserve in FY 2024. The Hydroelectric Stabilization Reserve balance is $17.4 million, approaching the reserve’s target level of $19 million. This level will allow the City to avoid activating the hydroelectric rate adjuster if upcoming winters are drier than average. The Electric Utility was in a position to make this transfer because of one-time sales revenues and supply cost savings in FY 2024 related to high hydroelectric generation resulting from the rainy winter of 2022/2023. In addition, market conditions enabled the utility to realize higher than usual sales revenue related to favorable hydrological conditions and high resource adequacy market prices. 3)Up to $58 million from the Supply Operations Reserve to the Distribution Operations Reserve Staff completed a $42 million transfer from the Supply Operations Reserve to the Distribution Operations Reserve. Attachment C, Electric Utility Financial Details table shows the FY 2024 year- end Electric Operations Reserve (Supply and Distribution combined) is $32.2 million, which is approximately equal to the minimum guideline range. Figures 8 and 9 show the actual and projected reserve balances for each of these reserves. In FY 2025, staff proposes a transfer of up to $5 million from the Supply Operations Reserve to the Distribution Operations Reserve. The purpose of this transfer is to manage the Distribution Operations Reserve level given the short- term cash flow issue related to the grid modernization project. The debt issuance is not scheduled until FY 2026 while some of the CIP work will occur in FY 2025 and will temporarily be funded by the Electric Utility Distribution Operations Reserve. Additionally, in accordance with the Electric Utility Reserve Management Practices (Attachment D), staff transferred $1.9 million from the Supply Operations Reserve to the Cap and Trade Reserve based upon actual Cap and Trade costs and revenues. The City maintains a Cap and Trade Program Reserve within the Electric fund to hold any revenues from the sale of carbon allowances freely allocated by CARB to the Electric Utility that are not spent within the fiscal year. Cap and Trade Program revenues are provided to the Electric Utility to support a wide variety of carbon reducing activities. Until the establishment of the REC Exchange program, adopted by Council in 5 Resolution 10178, June 17, 2024, https://recordsportal.paloalto.gov/Weblink/DocView.aspx?id=62050 Item No. 4. Page 21 of 32 5 8 8 1 August 2020 (Staff Report #11556),6 all of this Cap and Trade Program revenue was spent on purchasing renewable energy and none was held in reserve. In accordance with Council’s August 2020 direction, the City began selling City-owned renewable energy (Category 1 RECs, which mostly represent in-state renewable energy) and replacing them with purchased Category 3 RECs, which represent mostly out-of-state electricity. This exchange takes advantage of market conditions to reduce supply costs, fund electric utility programs and capital investment, and raise funds for local emissions reduction. On December 12, 20227 Council approved continuation of the program with 100% of revenue going to local emissions reduction. In accordance with Council policy, staff will fund the Cap and Trade Program Reserve with unspent revenues from the sale of carbon allowances freely allocated to the electric utility in an amount equal to 100% of each FY’s Renewable Energy Credit (REC) Exchange program revenues, currently estimated to be between $0.7 million and $1.7 million going forward, for future local decarbonization projects. Last year’s financial plan amended the Electric Utility Reserve Management Practices to direct staff to transfer any unspent CIP budget that is not reappropriated or encumbered at the end of each fiscal year to the CIP Reserve. These represent ratepayer funds already collected for the purpose of CIP investment, and retaining them in the CIP Reserve allows the City to use them to fund future unanticipated CIP expenses (such as mid-year budget adjustments due to increased costs for specific projects) that were not included in a financial forecast. Last year’s financial plan also recommended, and Council approved, a transfer of up to $5 million from the Electric Distribution Operations Reserve to the CIP Reserve in FY 2025. The Capital Reserve balance is $0.9 million, which is below the minimum guideline range. Staff will evaluate the year-end results in FY 2025 and complete a transfer to the Capital Reserve to bring it up to the minimum guideline if this is feasible. Reserve Balance The Electric Utility also has a CIP Reserve for short term capital contingencies and as a place to set aside funds for large, one-time projects that the Utilities would otherwise need to debt-fund. Figure 10 below reflects the maximum and minimum CIP Reserve guideline levels, starting in FY 2018 through FY 2030. Because of the fluctuating annual dollar amounts and timing of CIP projects budgeted to occur during the forecast period, as well as the potential for new ongoing projects to be included in the CIP plan in later years, four years of budgeted CIP are used to calculate the reserve maximum levels. The minimum CIP Reserve level is 20% of the maximum CIP Reserve guideline level. Last year’s Financial Plan recommended to fund the CIP Reserve to its minimum level by the end of FY 2025, and Council approved a $5 million transfer in FY 2025 for this purpose. Staff will 6Staff Report 11556 https://www.cityofpaloalto.org/civicax/filebank/documents/78046 7December 12, 2022 Staff Report #14375 https://recordsportal.paloalto.gov/Weblink/DocView.aspx?id=82045 Item No. 4. Page 22 of 32 5 8 8 1 complete the transfer based on FY 2025 actual results, however, this forecast does not include funds for this transfer based upon current projections. Figure 10: Electric CIP Reserve Adequacy Reserve Minimum Reserve Maximum -5 0 5 10 15 20 25 30 35 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Actuals Projection $ M i l l i o n s CIP Reserve (Year-End) Item No. 4. Page 23 of 32 5 8 8 1 Figure 11: Electric Utility Reserves (Supply Fund): Table 13 shows the projected balance of each of the Electric Utility reserves for the period covered by this Financial Forecast. See also: Attachment C: Electric Utility Financial Table Item No. 4. Page 24 of 32 5 8 8 1 Table 12: Electric Utility Reserves Starting and Ending Balances, Revenues, Transfers To/(From) Reserves, and Reserve Guideline Levels for FY 2025 to FY 2030 ($000) *Includes funds of $43.895 million from the CIP Reappropriations and Commitments Reserves Item No. 4. Page 25 of 32 5 8 8 1 Cost of Service Supplement - Unmetered Electric Service (E-16) Rate 8). EES recommends increasing this fee (also adopted by the Federal Communications Commission as a “safe harbor” rate in 2018) by the annual Consumer Price Index for All Urban Consumers in the San Francisco-Oakland-Hayward area since 2018. The recommended updated license fee is $329.44 per year per pole. 8 Staff Report #3133 https://www.cityofpaloalto.org/files/assets/public/v/1/agendas-minutes-reports/reports/city- manager-reports-cmrs/year-archive/2012/final-staff-report-id-3133_amendments-to-util-rate-schedule-e-16.pdf Item No. 4. Page 26 of 32 5 8 8 1 Proposed Rates Bill Impacts The City adopted its current electric rates effective July 1, 2024. At that time, the City did not increase the overall revenue but did implement a series of rate adjustments by customer class in accordance with the City of Palo Alto Electric Cost of Service and Rate Study, completed by EES Consulting in April 2024.9 The current and proposed FY 2026 rates are reflected in Table 14 below: 9 Palo Alto Electric Cost of Service and Rate Study https://www.cityofpaloalto.org/files/assets/public/v/3/agendas- minutes-reports/reports/city-manager-reports-cmrs/attachments/2024-rates/electric-cosa.pdf TABLE 13: PROPOSED E-16 RATES Service Current Rate FY 2025 Proposed Rate FY 2026 C. Unmetered Electric Service 1.Customer Charge, $/month $9.00 $10.96 2.Energy Charge, $/kWh Same as E-2 Same as E-2 E. Misc Rates 1. Conduit License Fee, $/foot/year $1.94 $1.94 2. Processing Fee for Electric Conduit Usage Actual Cost Actual Cost 3.Pole Attachment License Fee, $/Foot/Year $29.511 $47.60 4.Processing Fee for Utility Pole Attachments, $/pole $55.00 $152.00 5.License Fee for mounting communication equipment including distributed antenna systems on utility poles, $/pole $270.00 $329.44 1.The current rate includes a small incremental increase of $2.80/year for each additional foot of leased space up to 4 feet. Item No. 4. Page 27 of 32 5 8 8 1 Table 14: Current and Proposed Electric Rates E-1 (Residential) Tier 1 Energy ($/kWh)0.19461 0.20570 0.01109 5.7% Tier 2 Energy ($/kWh)0.21868 0.22944 0.01076 4.9% Customer Charge ($/month)4.64 5.15 0.51 11.0% E-2 & E-2-G (Small Non-Residential) Summer Energy ($/kWh)0.25210 0.26485 0.01275 5.1% Winter Energy ($/kWh)0.16414 0.17290 0.00876 5.3% Customer Charge ($/month)5.60 6.22 0.62 11.1% E-4 & E-4-G (Medium Non-Residential) Summer Energy ($/kWh)0.15387 0.16171 0.00784 5.1% Winter Energy ($/kWh)0.11018 0.11579 0.00561 5.1% Summer Demand ($/kW)45.29 47.59 2.30 5.1% Winter Demand ($/kW)23.73 24.94 1.21 5.1% Customer Charge ($/month)113.73 119.53 5.80 5.1% E-7 & E-7-G (Large Non-Residential) Summer Energy ($/kWh)0.13570 0.14262 0.00692 5.1% Winter Energy ($/kWh)0.08797 0.09245 0.00448 5.1% Summer Demand ($/kW)40.36 42.41 2.05 5.1% Winter Demand ($/kW)27.79 29.20 1.41 5.1% Customer Charge ($/month)520.80 547.36 26.56 5.1% Table 15 shows the impact of the proposed July 1, 2025 rate changes on the residential and non- residential bills for various consumption levels. The increase for all rate classes is about 5.1%. Item No. 4. Page 28 of 32 5 8 8 1 Table 15: Impact of Proposed Electric Rate Changes on Customer Bills in FY 2026 Net Energy Metering Compensation Rates The City operates two Net Energy Metering (NEM) programs. Solar customers served by the City of Palo Alto's (CPAU) original NEM program, also called NEM 1, are compensated at retail rates for electricity they export to the grid, and solar customers served by the NEM successor program, or NEM 2 (effective after the City reached its NEM 1 cap at the end of 2017), are compensated at the Export Electricity Compensation (EEC) rate for exported electricity. Customers on the NEM 1 program who have chosen to have the value of any annual net generation they produced over the past 12 months credited back to their account do so under the Net Metering Net Surplus Electricity Compensation (E-NSE-1) rate. The Net Surplus Electricity Compensation rate represents the value of the City’s avoided cost or value of customer- generated electricity in Palo Alto, including compensation for the energy, avoided capacity charges, avoided transmission and ancillary service charges, avoided transmission and distribution (T&D) losses, and renewable energy credits (RECs), or environmental attributes. Staff proposes decreasing the E-NSE-1 rate to $0.1012/kWh based on updated avoided cost calculations reflecting declines in long-term electricity market prices expected to continue into the future. Under the City’s NEM successor program, participating solar customers in Palo Alto are billed at the current retail rate for electricity drawn from the grid, and receive a credit for electricity they export to the grid at the EEC rate. This compensation rate also reflects the avoided cost or value Item No. 4. Page 29 of 32 5 8 8 1 of customer-generated electricity in Palo Alto, calculated on a forward-looking basis for the upcoming fiscal year. As shown in the table below, the current avoided cost for solar generation in Palo Alto is $0.1420/kWh, which is higher than the City’s projected avoided cost, which requires the proposed NEM compensation rate (E-EEC-1) to decrease to $0.1206/kWh. This decrease in the overall avoided cost is driven by changes in electricity market prices. Table 16 shows the current and proposed NEM Buyback rates effective July 1, 2025. Table 16: NEM Buyback Rates – Current vs. Proposed Bill Comparisons/Competitiveness Item No. 4. Page 30 of 32 5 8 8 1 Santa Clara’s electrical system benefits from a higher load factor with a significantly larger commercial load compared to Palo Alto’s, resulting in a more efficient distribution system and lower rates. However, unlike Palo Alto, Santa Clara’s system is not 100% carbon neutral, as part of its electricity is generated from natural gas. Table 17: Residential Monthly Electric Bill Comparison (Effective 3/1/2025, $/mo.) Table 18: Commercial Monthly Electric Bill Comparison (Effective 3/1/2025, $/mo.) General Fund Transfer 10 Each year it is calculated according to the 2009 Council-adopted methodology and does not require additional Council action. Next Steps 10 For more detail on the ordinance adopting the 2009 transfer methodology, see CMR 280:09, Budget Adoption Ordinance for Fiscal Years 2009 and 2010; and CMR 260:09, Finance Committee Report explaining proposed changes to the General Fund Transfer methodology. Item No. 4. Page 31 of 32 5 8 8 1 The City Council will consider adopting this Financial Forecast and rate adjustments as part of the FY 2026 budget review and adoption process in June 2025. If Council approves the proposed rate changes, the rates will become effective July 1, 2025. FISCAL/RESOURCE IMPACT POLICY IMPLICATIONS STAKEHOLDER ENGAGEMENT ENVIRONMENTAL REVIEW Item No. 4. Page 32 of 32 5 8 8 1 The UAC’s review and recommendation to the Council on the FY 2026 Electric Financial Forecast and rate adjustments does not meet the California Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. ATTACHMENTS APPROVED BY: * NOT YET APPROVED * Attachment A 1 027032125 Resolution No. ____ Resolution of the Council of the City of Palo Alto Approving the Fiscal Year 2026 Electric Utility Financial Forecast, and Amending Utility Rate Schedules E-1 (Residential Electric Service), E-2 (Residential Master-Metered and Small Non-Residential Electric Service), E-2-G (Residential Master- Metered and Small Non-Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E-4-G (Medium Non-Residential Green Power Electric Service), E-4 TOU (Medium Non-Residential Electric Time of Use Service), E-7 (Large Non-Residential Electric Service), E-7-G (Large Non- Residential Green Power Electric Service), E-7 TOU (Large Non- Residential Electric Time of Use Service), E-14 (Street Lights), E-16 (Unmetered Electric Service), E-EEC-1 (Export Electricity Compensation), and E-NSE-1 (Net Metering Surplus Electricity Compensation) R E C I T A L S A. Each year the City of Palo Alto (“City”) regularly assesses the financial position of its utilities with the goal of ensuring adequate revenue to fund operations. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. It does this with the goal of providing safe, reliable, and sustainable utility services at competitive rates. The City adopts Financial Forecasts or Plans to summarize these projections. B. The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserves Management Practices attached to and made part of the Financial Forecasts or Plans. C. Pursuant to Chapter 12.20.010 of the Palo Alto Municipal Code, the Council of the City of Palo Alto may by resolution adopt rules and regulations governing utility services, fees and charges. D. On June 16, 2025, the City Council heard and approved the proposed rate increase at a noticed public hearing. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby approves the fiscal year (“FY”) 2026 Electric Utility Financial Forecast attached to and made a part of the staff report presented to the City Council; * NOT YET APPROVED * Attachment A 2 027032125 SECTION 2. The Council hereby approves a transfer of up to $5 million from the Electric Utility Supply Operations Reserve to the Distribution Operations Reserve by the end of FY 2025, as described in the FY 2026 Electric Utility Financial Forecast; SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-1 (Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-1, as amended, shall become effective July 1, 2025; SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2 (Residential Master-Metered and Small Non-Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2, as amended, shall become effective July 1, 2025; SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2-G (Residential Master-Metered and Small Non-Residential Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2-G, as amended, shall become effective July 1, 2025; SECTION 6. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 (Medium Non-Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4, as amended, shall become effective July 1, 2025; SECTION 7. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4-G (Medium Non-Residential Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4-G, as amended, shall become effective July 1, 2025; SECTION 8. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 TOU (Medium Non-Residential Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4 TOU, as amended, shall become effective July 1, 2025; SECTION 9. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 (Large Non-Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7, as amended, shall become effective July 1, 2025; SECTION 10. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7-G (Large Non-Residential Green Power Electric Service) is hereby amended to read * NOT YET APPROVED * Attachment A 3 027032125 as attached and incorporated. Utility Rate Schedule E-7-G, as amended, shall become effective July 1, 2025; SECTION 11. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 TOU (Large Non-Residential Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7 TOU, as amended, shall become effective July 1, 2025; SECTION 12. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-14 (Street Lights) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-14, as amended, shall become effective July 1, 2025; SECTION 13. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-16 (Unmetered Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-16, as amended, shall become effective July 1, 2025; SECTION 14. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-EEC-1 (Export Electricity Compensation) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-EEC-1, as amended, shall become effective July 1, 2025; SECTION 15. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-NSE-1 (Net Surplus Electricity Compensation Rate) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-NSE-1, as amended, shall become effective July 1, 2025; SECTION 16. The Council finds that the revenue derived from the adoption of this resolution shall be used only for the purpose set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. SECTION 17. The Council finds that the fees and charges adopted by this resolution are charges imposed for a specific government service or product provided directly to the payor that are not provided to those not charged, and do not exceed the reasonable costs to the City of providing the service or product. // // // * NOT YET APPROVED * Attachment A 4 027032125 SECTION 18. The Council finds that approving the Electric Financial Forecast and Reserve transfers does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065 and CEQA Guidelines Section 15378(b)(5), because it is an administrative governmental activity which will not cause a direct or indirect physical change in the environment, and therefore, no environmental assessment is required. The Council finds that changing electric rates to meet operating expenses, purchase supplies and materials, meet financial reserve needs and obtain funds for capital improvements necessary to maintain service is not subject to the California Environmental Quality Act (CEQA), pursuant to California Public Resources Code Sec. 21080(b)(8) and CEQA Guidelines Sec. 15273(a). After reviewing the staff report and all attachments presented to Council, the Council incorporates these documents herein and finds that sufficient evidence has been presented setting forth with specificity the basis for this claim of CEQA exemption. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: Assistant City Attorney Director of Administrative Services RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-1-1 Supersedes Sheet No E-1-1 Effective 7-1-20254 dated 7-1-20234 A. APPLICABILITY: This Rate Schedule applies to separately metered single-family residential dwellings receiving Electric Service from the City of Palo Alto Utilities. B.TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Per kilowatt-hour (kWh)Commodity Distribution Public Benefits Total Tier 1 usage $ 0.103730.102 0.095930.086 0.006040.00549 0.205700.194 Any usage over Tier 1 40 79 68 D.SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Calculation of Usage Tiers Tier 1 Electricity usage shall be calculated and billed based upon a level of 15 kWh per day, prorated by Meter reading days of Service. As an example, for a 30-day bill, the Tier 1 level would be 450 kWh. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. {End} Attachment B RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-1 Supersedes Sheet No E-2-1 Effective 7-1-20254 dated 7-1-20243 A. APPLICABILITY: This Rate Schedule applies to the following Customers receiving Electric Service from the City of Palo Alto Utilities: 1. Non-residential Customers receiving Non-Demand metered Electric Service; and 2. Customers with Accounts at Master-Metered multi-family facilities receiving Non- Demand metered Electric Service. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Total Summer Period $ 0.150750.149 $ 0.108060.097 $ 0.264850.2 0.093340.092 0.073520.066 0.172900.1 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use in both the Summer Attachment B RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-2 Supersedes Sheet No E-2-2 Effective 7-1-20254 dated 7-1-20243 and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. {End} Attachment B RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-G-1 Supersedes Sheet No E-2-G-1 Effective 7-1-20245 dated 7-1-20243 A. APPLICABILITY: This Rate Schedule applies to the following Customers receiving Electric Service from the City of Palo Alto Utilities who qualify for E-2 Service and choose to participate in the Palo Alto Green Program: 1. Non-residential Customers receiving Non-Demand metered Electric Service; and 2. Customers with Accounts at Master-Metered multi-family facilities receiving Non-Demand metered Electric Service. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Per kilowatt-hour (kWh) Commodity Distribution Public Green $ 0.150750.14 $ 0.108060.09 $ 0.006040. $ 0.272350. 0.093340.09 0.073520.06 0.006040. $ 0.1716480 Customer Charge 6.225.60 2. 1000 kWh Block Purchase Option: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Total Summer Period $ 0.150750.14 $ 0.108060.09 $ 0.006040. $ 0.2521026 Attachment B RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-G-2 Supersedes Sheet No E-2-G-2 Effective 7-1-20245 dated 7-1-20243 Customer Charge 6.225.60 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use in both the Summer and Winter Periods, usage will be prorated based upon the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Palo Alto Green Program Description and Participation Palo Alto Green Service includes the purchase by the City of Palo Alto Utilities Department of enough renewable energy credits (RECs) to match 100% of the metered energy usage at the Customer’s facility each month. Any Customer may alternately request that CPAU purchase a specific number of 1000 kilowatt-hour (kWh) blocks of RECs. CPAU will charge the Customer the Palo Alto Green Charge for each such requested block. These REC purchases support the production of renewable energy, increase the financial value of power from renewable sources, and create a transparent and sustainable market that encourages new development of wind and solar power. Customers choosing to participate shall fill out a Palo Alto Green Power Program Attachment B RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-G-3 Supersedes Sheet No E-2-G-3 Effective 7-1-20245 dated 7-1-20243 application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. 4. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. {End} Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-1 Supersedes Sheet No E-4-1 Effective 7-1-20254 dated 7-1-20243 A. APPLICABILITY: This Rate Schedule applies to Demand metered Secondary Electric Service for Customers with a maximum Demand below 1,000 kilowatts. This Rate Schedule may include Service to master- metered multi-family facilities or other facilities requiring Demand metered Service, as determined by the City. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $ 11.0910.98 $ 38.0834.31 $ 49.1745.29 Energy Charge (per kWh) 0.124410.123 0.027970.025 0.006040.00 0.158420.1538 0.080280.079 0.027970.025 0.006040.00 0.114290.1101 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-2 Supersedes Sheet No E-4-2 Effective 7-1-20254 dated 7-1-20243 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 pm on weekdays. 4. Changing Rate Schedules Customers may request a rate schedule change at any time to any City of Palo Alto full- service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 5. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.5 percent for available line voltages above 2 kilovolts will be Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-3 Supersedes Sheet No E-4-3 Effective 7-1-20254 dated 7-1-20243 offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 6. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(7)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: c. Meters. A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. (1) In the event the Customer’s Maximum Demand (as defined in Section D.3) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-4 Supersedes Sheet No E-4-4 Effective 7-1-20254 dated 7-1-20243 e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} Attachment B MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-1 Supersedes Sheet No E-4-G-1 Effective 7-1-20254 dated 7-1-20234 A. APPLICABILITY: This Rate Schedule applies to Customers who qualify for E-4 Service and who choose to participate in the Palo Alto Green Program. B. TERRITORY: The rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Public Green $ 49.1745.2 0.124410.12 0.027970.025 0.006040.0.165920. $ 26.0923.7 0.080280.07 0.027970.025 0.006040. Attachment B MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-2 Supersedes Sheet No E-4-G-2 Effective 7-1-20254 dated 7-1-20234 2. 1000 kWh Block Purchase Option: $ 49.1745.2 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges, and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has dropped Attachment B MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-3 Supersedes Sheet No E-4-G-3 Effective 7-1-20254 dated 7-1-20234 below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter, which does not reset after a definite time interval, may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 PM on weekdays. 4. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full-service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 5. Palo Alto Green Program Description and Participation Palo Alto Green Service includes the purchase by the City of Palo Alto Utilities Department of enough renewable energy credits (RECs) to match 100% of the metered energy usage at the customer’s facility each month. Any Customer may alternately request that CPAU purchase a specific number of 1000 kilowatt-hour (kWh) blocks of RECs. CPAU will charge the Customer the Palo Alto Green Charge for each such requested block. These REC purchases support the production of renewable energy, increase the financial value of power from renewal sources, and creates a transparent and sustainable market that encourages new development of wind and solar. Customers choosing to participate shall fill out a Palo Alto Green Power Program application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. 6. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.5 percent for available line voltages above 2 kilovolts will be Attachment B MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-4 Supersedes Sheet No E-4-G-4 Effective 7-1-20254 dated 7-1-20234 offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change the system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 8. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: c. Meters: A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit: (1) In the event the Customer’s Maximum Demand (as defined in Section D.3) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue Meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. Attachment B MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-5 Supersedes Sheet No E-4-G-5 Effective 7-1-20254 dated 7-1-20234 e. Exemptions: (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-1 Supersedes Sheet No E-4-TOU-1 Effective 7-1-20254 dated 7-1-20243 A. APPLICABILITY: This voluntary Rate Schedule applies to Demand metered Secondary Electric Service for Customers with Demand between 500 and 1,000 kilowatts per month and who have sustained this level of usage for at least three consecutive months during the most recent 12 month period. This Rate Schedule may include Service to Master-Metered multi-family facilities or other facilities requiring Demand metered Service, as determined by the City. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): 0.172080.170 0.028170.025 $ 0.206290.201 Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-2 Supersedes Sheet No E-4-TOU-2 Effective 7-1-20254 dated 7-1-20243 0.120960.119 $ 0.02775 $ 0.154750.150 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Definition of Time Periods SUMMER PERIOD (Service from May 1 to October 31): Energy Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 2:00 p.m. to 4:00 p.m. Monday through Friday (except holidays) 9:00 p.m. to 11:00 p.m. Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day WINTER PERIOD (Service from November 1 to April 30): Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-3 Supersedes Sheet No E-4-TOU-3 Effective 7-1-20254 dated 7-1-20243 Energy Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 9:00 a.m. to 2:00 p.m. Monday through Friday (except holidays) Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day TYPES OF DEMAND CHARGES: The Peak Demand Charge per Kilowatt applies to the maximum peak-period Demand during the time periods noted above. The Maximum (Max) Demand charge per Kilowatt applies to the maximum Demand at any time during the month. Both Demand charges apply in each Billing Period, and the maximum peak-period Demand and maximum Demand may occur at different times in the Billing Period depending on Customer usage patterns. SEASONAL RATE CHANGES: When the Billing Period includes use in both the Summer and the Winter periods, the usage will be prorated based on the number of days in each seasonal period, and the Charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts taken during any 15-minute interval in each of the designated time periods as defined under Section D.2. 4. Changing Rate Schedules Customers electing to be served under E-4 TOU must remain on said Rate Schedule for a minimum of 12 months. Should the Customer so wish, at the end of 12 months, the Customer may request a Rate Schedule change to any applicable City of Palo Alto full-service Rate Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-4 Supersedes Sheet No E-4-TOU-4 Effective 7-1-20254 dated 7-1-20243 Schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 5. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.5 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(7)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: c. Meters. A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. (1) In the event the Customer’s Maximum Demand occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue Meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. Attachment B MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-5 Supersedes Sheet No E-4-TOU-5 Effective 7-1-20254 dated 7-1-20243 (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} Attachment B LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-1 Supersedes Sheet No E-7-1 Effective 7-1-20254 dated 7-1-20243 A. APPLICABILITY: This Rate Schedule applies to Demand metered Service for large non-residential Customers with a Maximum Demand of at least 1,000KW per month per site, who have sustained this Demand level at least 3 consecutive months during the last twelve months. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Customer Charge D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. Attachment B LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-2 Supersedes Sheet No E-7-2 Effective 7-1-20254 dated 7-1-20243 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the summer and in the winter periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Request for Service Qualifying Customers may request Service under this schedule for more than one Account or one Meter if the Accounts are on one site. A site, for the purposes of this Rate Schedule, consists of one or more Accounts which cover contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and which have a common billing address. 4. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal- type Demand Meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 pm on weekdays. Attachment B LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-3 Supersedes Sheet No E-7-3 Effective 7-1-20254 dated 7-1-20243 5. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 6. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.8 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kVA size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: c. Meters. A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. Attachment B LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-4 Supersedes Sheet No E-7-4 Effective 7-1-20254 dated 7-1-20243 (1) In the event the Customer’s Maximum Demand (as defined in Section D.4) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue Meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4) , as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} Attachment B LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-1 Supersedes Sheet No E-7-G-1 Effective 7-1-20254 dated 7-1-20243 A. APPLICABILITY: This Rate Schedule applies to Customers who qualify for E-7 Service and who choose to participate in the Palo Alto Green Program. B. TERRITORY: The rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Public Green $ 43.6140. 30.5727. Attachment B LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-2 Supersedes Sheet No E-7-G-2 Effective 7-1-20254 dated 7-1-20243 2. 1000 kWh Block Purchase Option: $ 43.6140. 30.5727. D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three Attachment B LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-3 Supersedes Sheet No E-7-G-3 Effective 7-1-20254 dated 7-1-20243 consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has dropped below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 PM on weekdays. 4. Request for Service Qualifying Customers may request Service under this schedule for more than one Account or one Meter if the Accounts are at one site. A site, for the purposes of this Rate Schedule, consists of one or more Accounts which cover contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and which have a common billing address. 5. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile 6. Palo Alto Green Program Description and Participation Palo Alto Green Service includes the purchase by the City of Palo Alto Utilities Department of enough renewable energy credits (RECs) to match 100% of the metered energy usage at the Customer’s facility each month. Any Customer may alternately request that CPAU purchase a specific number of 1000 kilowatt-hour (kWh) blocks of RECs. CPAU will charge the Customer the Palo Alto Green Charge for each such requested block. These REC purchases support the production of renewable energy, increase the financial value of power from renewal sources, and creates a transparent and sustainable market that encourages new development of wind and solar. Attachment B LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-4 Supersedes Sheet No E-7-G-4 Effective 7-1-20254 dated 7-1-20243 Customers choosing to participate shall fill out a Palo Alto Green Power Program application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. 7. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.8 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a qualified line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's Electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change the system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 9. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(9)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Reserved Capacity) Summer Period 9.259.16 $ 31.5428.41 $ 40.7937.57 c. Meters: A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit: Attachment B LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-5 Supersedes Sheet No E-7-G-5 Effective 7-1-20254 dated 7-1-20243 (1) In the event the Customer’s Maximum Demand (as defined in Section D.3) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue Meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions: (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} Attachment B LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-1 Supersedes Sheet No E-7-TOU-1 Effective 7-1-20254 dated 7-1-20243 A. APPLICABILITY: This voluntary Rate Schedule applies to Demand metered Service for non-residential Customers with a Maximum Demand of at least 1,000KW per month per site, who have sustained this Demand level at least 3 consecutive months during the last twelve months. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): 0.181990.18 $ $ $ 0.122250.12 $ $ $ Attachment B LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-2 Supersedes Sheet No E-7-TOU-2 Effective 7-1-20254 dated 7-1-20243 D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Definition of Time Periods SUMMER PERIOD (Service from May 1 to October 31): Energy Peak: 4:00 pm to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 2:00 p.m. to 4:00 p.m. Monday through Friday (except holidays) 9:00 p.m. to 11:00 p.m. Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day WINTER PERIOD (Service from November 1 to April 30): Energy Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 9:00 a.m. to 2:00 p.m. Monday through Friday (except holidays) Attachment B LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-3 Supersedes Sheet No E-7-TOU-3 Effective 7-1-20254 dated 7-1-20243 Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day TYPES OF DEMAND CHARGES: The Peak Demand Charge per Kilowatt applies to the maximum peak-period Demand during the time periods noted above. The Maximum (Max) Demand charge per Kilowatt applies to the maximum Demand at any time during the month. Both Demand Charges apply in each Billing Period, and the maximum peak-period Demand and maximum Demand may occur at different times in the Billing Period depending on Customer usage patterns. SEASONAL RATE CHANGES: When the Billing Period includes use in both the Summer and the Winter periods, the usage will be prorated based on the number of days in each seasonal period, and the Charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Request for Service Qualifying Customers may request Service under this schedule for more than one Account or one Meter if the Accounts are on one site. A site, for the purposes of this Rate Schedule, consists of one or more Accounts which cover contiguous parcels of land with no intervening public right-of- ways (e.g. streets) and which have a common billing address. 4. Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts taken during any 15-minute interval in each of the designated time periods as defined under Section D.2. Attachment B LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-4 Supersedes Sheet No E-7-TOU-4 Effective 7-1-20254 dated 7-1-20243 5. Changing Rate Schedules Customers electing to be served under E-7 TOU must remain on said Rate Schedule for a minimum of 12 months. Should the Customer so wish, at the end of 12 months, the Customer may request a Rate Schedule change to any applicable City of Palo Alto full-service Rate Schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 6. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.8 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: c. Meters. A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. (1) In the event the Customer’s Maximum Demand occurs when one or more of the Attachment B LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-5 Supersedes Sheet No E-7-TOU-5 Effective 7-1-20254 dated 7-1-20243 non-utility generators on the Customer’s side of the City’s revenue Meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4) , as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} Attachment B STREET LIGHTS UTILITY RATE SCHEDULE E-14 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No. E-14-1 Supersedes Sheet No. E-14-1 Effective 7-1-20254 dated 7-1-20242 A. APPLICABILITY: This Rate Schedule applies to all street and highway lighting installations ranging in voltages from 120 to 480 which CPAU elects to operate and maintain. B. TERRITORY: Within the incorporated limits of the City of Palo Alto and on land owned or leased by the City. C. RATES: $ Per Lamp Per Month – Attachment B STREET LIGHTS UTILITY RATE SCHEDULE E-14 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No. E-14-2 Supersedes Sheet No. E-14-2 Effective 7-1-20254 dated 7-1-20242 $ Per Lamp Per Month – CPAU supplies electricity and switching and maintains lighting system, including lamps and glassware. Lamp Rating: Street Lights Mercury-Vapor Lamps 400 watts 53.5348.29 High Pressure Sodium Vapor Lamps 70 watts 35.37 31.90 100 watts 45.35 40.92 150 watts 62.00 55.94 250 watts 95.30 85.99 Light Emitting Diode (LED) Lamps 70 watts-equivalent 13.27 11.96 100 watts-equivalent 20.83 18.79 150 watts-equivalent 27.80 25.07 175 watts-equivalent 31.43 28.35 250 watts 46.87 42.28 Traffic Signals 12” Head Total (Red Yellow Green) 27.12 24.45 8” Head Total (RYG) 23.55 21.22 12” Arrow Total (RYG) 25.49 22.97 12” Beacon 10.19 9.19 Pedestrian Head 9.36 8.44 Controller 20.05 18.10 Speed Signs 92.73 83.74 Attachment B STREET LIGHTS UTILITY RATE SCHEDULE E-14 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No. E-14-3 Supersedes Sheet No. E-14-3 Effective 7-1-20254 dated 7-1-20242 D. SPECIAL CONDITIONS: 1. Point of Delivery: Delivery will be made to the Customer's system at a Service point or at points designated by CPAU. CPAU will furnish the Service connection to one point for each lamp or group of lamps, provided the Customer has designed the system to include the minimum number of delivery points. CPAU will make all underground connections to CPAU’s system at the Customer's expense. 2. Switching: CPAU will perform switching (on CPAU's side of the points of delivery) at no Charge, provided there are at least 10 kilowatts of lamp load on each circuit separately switched, including all lamps on the circuit whether served under this Rate Schedule or not. An extra charge of $2.50 per month will be made for each circuit separately switched unless such switching installation is made for CPAU's convenience. 3. Annual Burning Schedule: The rates in this Rate Schedule apply to lamps which will be turned on and off once each night in accordance with a regular burning schedule approved by CPAU and not exceeding 4,100 hours per year. 4. Maintenance: The rates in this Rate Schedule include all labor necessary for replacement of glassware, including inspection and cleaning. Maintenance of glassware by CPAU is limited to standard glassware that is commonly used and manufactured in reasonably large quantities, as determined by CPAU in its sole discretion. The rates include maintenance of circuits between lamp posts and of circuits and equipment in and on the posts, provided these are all of good standard construction as determined by CPAU. CPAU in its sole discretion may decline to grant rates for maintenance of systems with non- standard glassware, or inadequate circuitry and equipment. Rates applied to any agency other than the City of Palo Alto also include painting of posts with one coat of good ordinary paint, as determined by CPAU to be needed to maintain good appearance. Maintenance does not include replacement of posts damaged by third parties or acts of nature. 5. Rates For Lamps Not on this Rate Schedule: In the event a Customer installs a lamp which is not represented on this Rate Schedule, CPAU will prepare an interim rate reflecting CPAU's estimated costs associated with the specific lamp. This interim rate will serve as the effective rate for billing purposes until the new lamp rating is added to Rate Schedule E-14. {End} Attachment B UNMETERED ELECTRIC SERVICE UTILITY RATE SCHEDULE E-16 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No. E-16-1 Supersedes Sheet No. E-16-1 Effective 7-1-202516 dated 07-01-2016 A. APPLICABILITY: This rate schedule is applicable under the terms and conditions of the City of Palo Alto Utilities Department to Customers who contract with the City for unmetered electric service for billboards, unmetered telephone services, telephone booths, railroad signals, cathodic protection units, traffic cameras, wireless antenna and related equipment, community antenna television and video systems, cable TV power supplies, and automatic irrigation systems and also applies to other miscellaneous Electric Utility fees to various public agencies and private entities. B. TERRITORY: Within the incorporated limits of the City of Palo Alto and land owned or leased by the City. C. NET MONTHLY BILL: 1. Customer Charge using annual SEIU salary schedule: $9.007.31 per month 2. Energy Charge: (for all kWh supplied) using Electric Rate Schedule E2 plus all applicable riders 3. Minimum Charge: Minimum monthly charge will be the Customer Charge. D. DETERMINATION OF ENERGY REQUIREMENTS: a. Initial Inventory Customer shall enter into a contract for service under this Schedule and provide a written inventory of all equipment at each of service requested, including the type and nameplate rating for each piece of equipment. The billing energy for each point of service will be determined by the Utilities Electric Engineering Division estimation of the kWh usage based on the type, rating and quantity of the equipment provided by the Customer. Monthly bill will be based on the following calculations: 1. Total Wattage. 2. Total Wattage times estimated annual operating hours as set in the contract equals annual watt hours. 3. Annual watt hours divided by 1000 hours equals annual kilowatt hours (kWh) Attachment B UNMETERED ELECTRIC SERVICE UTILITY RATE SCHEDULE E-16 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No. E-16-2 Supersedes Sheet No. E-16-2 Effective 7-1-202516 dated 07-01-2016 4. Annual kWh divided by twelve (12) months equal monthly kWh. 5. Monthly kWh times current rate per kWh = monthly bill for each unmetered service location or equipment. b. Updating Inventory Customer will update its inventory by informing the Utilities Electric Engineering Division in writing of changes in type, rating and/or quantity of equipment as such changes occur, and billings will be adjusted accordingly. Upon Utilities Electric Engineering Division request, but no later than the one year anniversary of the date on which Customer first takes service, Customer shall provide an updated inventory of all equipment at each point of service. c. Test Metering The Utilities Electric Engineering Division may, at its discretion, test meter the load at various types and ratings of the Customer’s equipment to the extent necessary to verify the estimated kWh usage used for billing purpose and, where dictated by such test metering, Utilities Electric Engineering Division will make prospective adjustments in estimated usage for subsequent billing purposes; however, Utilities shall be under no obligation to test meter- the load of Customer’s equipment. Utilities’ decision not to test meter the load of Customer’s equipment shall not release Customer from the obligation to provide to Utilities Electric Engineering Division, and to update, annually as provided in section b, an accurate inventory of the types, rating and quantities of equipment upon which billing is based. d. Inspection The Utilities Electric Engineering Division shall endeavor to inspect the equipment at each point of service annually as close to the anniversary date of the contract as is practical, and make prospective adjustments in billing as indicated by such inspections; however, Utilities shall be under no obligation to conduct such inspections for the purpose of determining accuracy of billing or otherwise. Utilities decisions not to conduct such inspections shall not release Customer from the obligation to provide to Utilities Electric Engineering Division, and to update, an accurate inventory of the types, rating and quantities of equipment upon which billing is based. e. Billing for Service As the service described in this schedule is unmetered, Customer agrees to pay amounts billed in accordance with the current inventory, regardless of whether any of the installations of the Customer’s equipment were electrically operable during the period in Attachment B UNMETERED ELECTRIC SERVICE UTILITY RATE SCHEDULE E-16 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No. E-16-3 Supersedes Sheet No. E-16-3 Effective 7-1-202516 dated 07-01-2016 question and regardless of the cause of such equipment failure to operate. E. MISCELLANEOUS RATES: Service Description Rate * 1. License Fee for Electric Conduit Usage (A) Exclusive use $ 1.94/ft/yr (B) Non-Exclusive use 0.97/ft/yr 2. Processing Fee for Electric Conduit Usage Actual Cost 3. License Fee for Utility Pole Attachments (A) 1 ft. of usable space $ 29.5947.60/pole/yr (B) 2 ft. of usable space 32.3995.20/pole/yr (C) 3 ft. of usable space 35.18142.80/pole/yr 4 ft. of usable space $37.98/pole/yr 4. Processing Fee for Utility Pole Attachments $1525.00/pole 5. License Fee for mounting communication equipment including distributed antenna systems on utility poles $329.44270.00/pole/yr * Rates are monthly unless otherwise indicated. F. NOTES: The fees set forth in Section E.1 through E.5, inclusive, are subject to adjustment annually in accordance with fluctuations in the Consumer Price Index (CPI), if any. The base for computing the adjustment is the Consumer Price Index for All Urban Consumers (CPI-U) for the San Francisco-Oakland-San Jose MSA, which is published by the U.S. Department of Labor, Bureau of Labor Statistics for the month of December of a base year, which falls within the year in which a master license agreement is signed by the City and the licensee. The adjustment shall be calculated, if there is an increase or decrease between December of a base year (when the rate(s) is/are first applicable) and December of any subsequent base year. {End} Attachment B EXPORT ELECTRICITY COMPENSATION UTILITY RATE SCHEDULE E-EEC-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. E-EEC-1 Sheet No.E-EEC-1 dated 7-1-20243 Effective 7-1-20254 A. APPLICABILITY: This Rate Schedule applies in conjunction with the otherwise applicable Rate Schedules for each Customer class. This Rate Schedule may not apply in conjunction with any time-of-use Rate Schedule. This Rate Schedule applies to Customer-Generators as defined in Rule and Regulation 2 who are either not eligible for Net Energy Metering or who are eligible for Net Energy metering but elect to take Service under this Rate Schedule. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. RATE: The following compensation rate shall apply to all electricity exported to the grid. Per kWh Export electricity compensation rate $ 0.1243 0.1420 D. SPECIAL CONDITIONS 1. Metering equipment: Electricity delivered by CPAU to the Customer-Generator or received by CPAU from the Customer-Generator shall be measured using a Meter capable of registering the flow of electricity in two directions (aka “bidirectional meter”). The electrical power measurements will be used for billing the Customer-Generator. CPAU shall furnish, install and own the appropriate Meter. 2. Billing: a. CPAU shall measure during the billing period, in kilowatt-hours, the electricity delivered and received after the Customer-Generator serves its own instantaneous load. b. CPAU shall bill the Customer-Generator consumption charges for the electricity delivered by CPAU to the Customer-Generator based on the Customer-Generator’s applicable Rate Schedule. c. In the event the electricity generated exceeds the electricity consumed and therefore is received by CPAU, the Customer will receive a credit for all electricity received by CPAU at the buyback Rate designated in section C above. {End} Attachment B NET METERING NET SURPLUS ELECTRICITY COMPENSATION UTILITY RATE SCHEDULE E-NSE-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. E-NSE-1 Sheet No. E-NSE-1 dated 07-01-20243 Effective 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to eligible residential and small commercial Net Energy Metering Election A Customers who, at the end of an annual settlement period, as described in Rule 29, are Net Surplus Customer-Generators of electricity who elect to receive monetary compensation as such preference is indicated on the net surplus electricity election form. This Rate Schedule only applies to Customers who participate in Net Energy Metering, and does not apply to Customers that take service under the City’s Net Energy Metering Successor Rate, as each of these terms are defined in Rule and Regulation 2. B.TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. RATES: Per kWh Net Surplus Electricity Compensation rate $ 0.1273 0.1427 D. SPECIAL CONDITIONS 1.Net Surplus Electricity Compensation Rate eligibility shall be determined as specified in Rule 29. Net surplus electricity, as specified in Rule 29, if applicable, will be multiplied by the above compensation rate to determine the Customer’s annual net surplus electricity compensation stated in dollars. 2. Additional terms, conditions and definitions govern Net Energy Metering Service and Interconnection, as described in Rule 29. {End} Attachment B Attachment C Electric Utility Financial Details Attachment C Electric Utility Capital Improvement Program (CIP) Financial Details Attachment D 6 8 5 9 APPENDIX A: ELECTRIC UTILITY RESERVES MANAGEMENT PRACTICES Attachment D 6 8 5 9 e) For cash flow management and contingencies related to the Electric Utility’s Capital Improvement Program (CIP), as described in Section 10 (CIP Reserve) f) For rate stabilization, as described in Section 11 (Rate Stabilization Reserves) g) For operating contingencies, as described in Section 12 (Operations Reserves) h) For tracking revenues earned via the sale of Low Carbon Fuel Credits allocated by the California Air Resources Board to the City, as well as expenses incurred, in accordance with California’s Low Caron Fuel Standard program, as described in Section 15 (Low Carbon Fuel Standard Reserve) i) Any funds not included in the other reserves will be considered Unassigned Reserves and shall be returned to ratepayers or assigned a specific purpose as described in Section 13 (Unassigned Reserves). Section 4. Reserves for Commitments At the end of each fiscal year the Electric Supply Fund and Electric Distribution Fund Reserves for Commitments will be set to an amount equal to the total remaining spending authority for all contracts in force for the Electric Supply Fund and Electric Distribution Fund, respectively, at that time. Section 5. Reserves for Reappropriations At the end of each fiscal year the Electric Supply Fund and Electric Distribution Fund Reserves for Reappropriations will be set to an amount equal to the amount of all remaining capital and non-capital budgets that will be reappropriated to the following fiscal year for each Fund in accordance with Palo Alto Municipal Code Section 2.28.090. Section 6. Electric Special Projects Reserve The Electric Special Projects Reserve (ESP Reserve) will be managed in accordance with the policies set forth in Resolution 9206 (Resolution of the Council of the City of Palo Alto Approving Renaming the Calaveras Reserve to the Electric Special Project Reserve and Adoption of Electric Special Project Reserve Guidelines). These policies are included from Resolution 9206 as amended to refer to the reserves structure set forth in these Reserves Management Practices: a) The purpose of the ESP Reserve is to fund projects that benefit electric ratepayers; b) The ESP Reserve funds must be used for projects of significant impact; c) Projects proposed for funding must demonstrate a need and value to electric ratepayers. The projects must have verifiable value and must not be speculative, or high-risk in nature; d) Projects proposed for funding must be substantial in size, requiring funding of at least $1 million; e) Set a goal to commit funds by the end of FY 2025; f) Any uncommitted funds remaining at the end of FY 2030 will be transferred to the Electric Supply Operations Reserve and the ESP Reserve will be closed; Attachment D 6 8 5 9 Section 7. Hydroelectric Stabilization Reserve after the transfers described above shall be the basis for staff’s determination, with Council approval, of whether to implement the Hydro Rate Adjuster (Electric Rate E-HRA) for the following fiscal year. Attachment D 6 8 5 9 Maximum Level Average annual (12 month)1 CIP budget, for 48 months of budgeted CIP expenses2 b) Changes in Reserves: At the end of each fiscal year staff will transfer from the Distribution Operations Reserve to the CIP Reserve an amount equal to the amount of electric utility unspent CIP budget at the end of the fiscal year reduced by the amount of any contractual commitments and reappropriations. Any other additions to or withdrawals from the CIP reserve require Council action. c) Minimum Level: i) If, at the end of any fiscal year, the minimum guideline is not met, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered by the end of the following fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the next fiscal year. For example, if the CIP Reserve is below its minimum level at the end of FY 2017, staff must present a plan by June 30, 2018 to return the reserve to its minimum level by June 30, 2019. In addition, staff may present, and the Council may adopt, an alternative plan that takes longer than one year to replenish the reserve, or that does so in a shorter period of time. d) Maximum Level: If there are funds in this reserve in excess of the maximum level staff must propose in the next Financial Plan to transfer these funds to another reserve or return them to ratepayers in the funds to ratepayers, or designate a specific use of funds for CIP investments that will be made by the end of the next Financial Planning period. Staff may also seek City Council to approve holding funds in this reserve in excess of the maximum level if they are held for a specific future purpose related to the CIP. Section 11. Rate Stabilization Reserves Funds may be added to the Electric Supply or Distribution Fund’s Rate Stabilization Reserves by action of the City Council and held to manage the trajectory of future year rate increases. Withdrawal of funds from either Rate Stabilization Reserve requires action by the City Council. If there are funds in either Rate Stabilization Reserve at the end of any fiscal year, any subsequent Electric Utility Financial Plan must result in the withdrawal of all funds from this Reserve by the end of the Financial Planning Period. The Council may approve exceptions to this requirement, when proposed by staff to provide greater rate stabilization to customers. Section 12. Operations Reserves The Electric Supply Fund and Electric Distribution Fund Operations Reserves are used to manage normal variations in the costs of providing electric service and as a reserve for contingencies. Any portion of the Electric Utility’s Fund Balance not included in the reserves described in Section 4 to 11 above will be included in the appropriate Operations Reserve unless the reserve has reached its maximum level as set forth in Section 12 (e) below. Staff will manage the Operations Reserves according to the following practices: Attachment D 6 8 5 9 a) The following guideline levels are set forth for the Electric Supply Fund Operations Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of Operations and Maintenance (O&M) and commodity expense forecasted for that year in the Financial Plan. Minimum Level 60 days of Supply Fund O&M and commodity expense Target Level 90 days of Supply Fund O&M and commodity expense Maximum Level 120 days of Supply Fund O&M and commodity expense b) The following guideline levels are set forth for the Electric Distribution Fund Operations Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of O&M expense forecasted for that year in the Financial Plan. Minimum Level 60 days of Distribution Fund O&M expense Target Level 90 days of Distribution Fund O&M expense Maximum Level 120 days of Distribution Fund O&M expense c) Minimum Level: If, at the end of any fiscal year, the funds remaining in the Supply Fund or Distribution Fund’s Operations Reserve are lower than the minimum level set forth above, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered within six months of the end of the fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the following fiscal year. For example, if the Operations Reserve is below its minimum level at the end of FY 2014, staff must present a plan by December 31, 2014 to return the reserve to its minimum level by June 30, 2015. In addition, staff may present an alternative plan that takes longer than one year to replenish the reserve. d) Target Level: If, at the end of any fiscal year, either Operations Reserve is higher or lower than the target level, any Financial Plan created for the Electric Utility shall be designed to return both Operations Reserves to their target levels by the end of the forecast period. e) Maximum Level: If, at any time, either Operations Reserve reaches its maximum level, no funds may be added to this Reserve. Any further increase in that fund’s Fund Balance shall be automatically included in the Unassigned Reserve described in Section 13, below. Section 13. Unassigned Reserves If the Operations Reserve in either the Electric Supply Fund or the Electric Distribution Fund reaches its maximum level, any further additions to that fund’s Fund Balance will be held in the Unassigned Reserve. If there are any funds in either Unassigned Reserve at the end of any fiscal year, the next Financial Plan presented to the City Council must include a plan to assign them to a specific purpose or return them to the Electric Utility ratepayers by the end of the first fiscal year of the next Financial Planning Period. For example, if there were funds in the Unassigned Reserves at the end of FY 2016, and the next Financial Planning Period is FY 2017 through FY 2021, the Financial Plan shall include a plan to return or assign the funds in the Unassigned Reserve by the end of FY 2017. Staff may present an alternative plan that retains these funds or returns them over a longer period of time. Section 14. Intra-Utility Transfers between Supply and Distribution Funds Attachment D 6 8 5 9 Transfers between Electric Distribution Fund Reserves and Electric Supply Fund Reserves are permitted if consistent with the purposes of the two reserves involved in the transfer. Such transfers require action by the City Council. Section 15. Low Carbon Fuel Standard (LCFS) Reserve This reserve tracks revenues earned via the sale of Low Carbon Fuel Credits allocated by the California Air Resources Board to the City, as well as expenses incurred, in accordance with California’s Low Caron Fuel Standard program. At the end of each fiscal year, the LCFS Reserve will be adjusted by the net of revenues and expenses associated with California’s LCFS program. Section 16. Cap and Trade Program Reserve This reserve tracks unspent or unallocated revenues from the sale of carbon allowances freely allocated by the California Air Resources Board to the electric utility, under the State’s Cap and Trade Program. Funds in this Reserve are managed in accordance with the City’s Policy on the Use of Freely Allocated Allowances under the State’s Cap and Trade Program (the Policy), adopted by Council Resolution 9487 in January 2015. At the end of each fiscal year, the Cap and Trade Program Reserve will be adjusted by the net of revenues and expenses associated with the Cap and Trade program. Section 17. Electrification Reserve This reserve is used to track funding of City buildings, appliance and vehicle electrification projects and programs, including development and implementation costs and associated financial incentives, loans and rebates for participating customers. The reserve may be funded by any lawful source of funds available for such programs, including new or ongoing utility revenues derived from customer participation. The reserve balance shall be annually adjusted based on the net of revenues and expenses associated with the City’s building appliance and vehicle electrification projects and programs using this reserve. Attachment E COMMUNICATIONS PLAN AND OUT REACH EXAMPLES The fiscal year (FY) 2026 electric utility communications strategy addresses the cost drivers for a rate increase including the City’s significant investment in electric grid infrastructure, rising costs for transmission access charges, increasing renewable energy portfolio standards, tightening resource adequacy requirements, and financial reserve recovery. One of the larger capital improvement projects in progress now is the electric grid modernization, which was developed to expand capacity and enhance reliability for increased electric load. Thus the equity transfer to the General Fund has increased along with the grid modernization asset value and will be reassessed as the utility issues debt. Staff will inform customers of the need to recover funds to bring electric supply operations reserves above the minimum guidelines following the reserve drawdowns during the pandemic, drought, and high winter energy prices during 2022-2023. It is also important to educate customers about the cost to buy and transport electricity to Palo Alto, and distribute it within Palo Alto. Critical components of CPAU’s expenses include maintaining and replacing infrastructure, customer service, billing, and administration. Long-term cost trends show supply and distribution costs increasing over time. Despite raising rates, electric costs to customers still remain lower than the comparator regional investor-owned utility, PG&E. City of Palo Alto Utilities (CPAU) communication methods include utilities webpages, utility bill inserts, messaging on utility bills and MyCPAU online account management platform, email newsletters, print and digital ads, social media, and business and neighborhood customer presentations. CPAU promotes energy efficiency programs to help customers keep utility bill costs low even as market prices increase or CPAU raises utility rates. Programs such as GoGreen Financing and advisor services for energy efficiency and electrification offer residents assistance for home upgrades. CPAU provides free consulting services and rebates for commercial energy efficiency upgrades and programs for electric vehicle (EV) charging infrastructure to assist in the switch from fossil fueled transportation to clean, electric driving. Throughout the year, CPAU hosts free educational workshops to help residents and businesses better understand energy usage and learn ways to improve efficiency to keep utility costs low. The MyCPAU online account management portal provides customers with direct access and more information about utility account and consumption data. CPAU customers benefit from local control and policy setting, and community values-driven programs and services, including the decision to go carbon neutral in 2013. Palo Alto’s renewable energy purchase agreements contribute to our utility’s long-term energy security and commitment to sustainability. The City’s Sustainability and Climate Action Plan (S/CAP) focuses on electrification as a primary way to reduce greenhouse gas emissions. CPAU recently launched several new rebate programs in partnership with the State and other industry entities to offer rebates for customers to switch from natural gas appliances to electric. CPAU will highlight these resources and reinforce how community-driven policies, such as for beneficial electrification, factor into our utility rates, and reflect the value provided by CPAU as a municipal utility. Attachment E MEMORANDUM Unmetered Electric Service Rate Methodology 1 16701 NE 80th Street  Suite 102  Redmond, WA 98052  425-889-2700  Fax 866-611-3791  www.gdsassociates.com Georgia Texas Alabama New Hampshire Wisconsin Florida Maine Washington California MEMORANDUM TO Jim Fleming FROM Amber Gschwend DATE February 11, 2025 RE Unmetered Electric Service Rate Technical Memo INTRODUCTION This memo summarizes the methodology and assumptions used to develop rates for the City of Palo Alto’s Unmetered Electric Service Rate Schedule (E-16). This schedule includes the following services: 1.Unmetered Electric Service 2.License Fee for Electric Conduit Use 3.License Fee for Utility Pole Attachments 4.License Fee for mounting communications equipment on utility poles (including antenna systems) This memo provides the rate calculations for each of the above fees. The appendix contains a rate survey of local utilities providing the same services. UNMETERED ELECTRIC SERVICE The current rate for Unmetered Electric service is $9/month plus estimated energy use billed at the E-2 energy rate. The fixed charge is based only on the staffing cost to calculate bills for unmetered customers. At the current rate for Program Assistant I, the staff who performs the annual billing, it requires on average two hours to recalculate, invoice, and track each unmetered customer bill on an annual basis. At a current fully loaded labor rate of $65.78/hour for a Program Assistant I,1 the annual cost is $131.55, or $10.96/month. This rate should be updated when the City of Palo Alto Labor Agreements Salary Schedule is updated. The energy charges are equal to E-2 rates. POLE ATTACHMENT RATE To provide electric service, CPAU owns 5,888 utility poles. Communication providers and PG&E have attachments on CPAU’s poles and share the maintenance costs. This memo describes the assumptions and methodologies used to calculate an appropriate pole attachment rate for potential new attachments. The recommended pole attachment rates are based on the AB1027 (2011) framework for calculating pole attachment rates, codified at Public Utilities Code (PUC) section 9510 et seq.; with the goal that adopted pole attachment rates do not either subsidize or over- charge communication providers. PUC section 9512(c) exempts poles that are under joint ownership including Northern California Joint Pole Association. This memo applies to attachments that are not part of the joint ownership agreement. 1 Labor rate of $43.85/hour plus 50% for benefits. Attachment F MEMORANDUM Unmetered Electric Service Rate Methodology 2 Input Assumptions and Methodology Assembly Bill 1027 2 allows utilities to recover the annual ownership cost of associated utility poles including ongoing maintenance costs and annual capital costs (depreciation). Costs are based on a utility’s current asset values and maintenance costs. The annual cost is calculated based on the attachment’s share of the utility pole’s capacity. In addition to the annual fee, a one-time fee may also be charged for new pole attachments. Key inputs to the pole attachment rate are summarized in Table 1. TABLE 1: POLE ATTACHMENT RATE METHODOLOGY Usable Space Measured in feet, the space available for attachments • PUC 9512(a)(1) dictates 13.5 feet, subject to factual rebuttal Space Occupied by Attachment Measured in feet, space required for each attachment 1 ft is standard Usable Space Share Measured as a percentage equal to the space occupied by the • 13.5 feet of usable space • • • • • average age from CPAU pole database • Useful life of a pole is 80 years based on CPAU replacement schedule • Estimated values as described later in • • adjusted by 15% to remove value of appurtenances used only for electric • • Based on FY2023 actual costs Depreciation Annual cost of capital Annual depreciation expense is 1.3% based on 80-year asset life The net book value for poles is an important input for calculating the cost share for overhead maintenance, depreciation, and administration cost adders. The net book value must be adjusted for capital contributions. The City does not have a long-standing record for capital contributions for the history of its current pole population. However, the current agreements indicate that pole costs are often 2Now part of the California Public Utilities Code (PUC) section 9510 et seq Attachment F MEMORANDUM Unmetered Electric Service Rate Methodology 3 shared 50% between the City and communications providers. Therefore, it is conservatively assumed that 50% of the net book value for poles is contributed capital. This amount is removed from the bare cost of the poles. POLE ATTACHMENT RATE Figure 1 illustrates the pole attachment rate methodology. Table 2 details the resulting pole attachment rate using the methodology and inputs described. The resulting annual fee is $47.60/ attachment. CPAU is planning for significant pole replacements in the next 5-10 years and should revisit this calculation with updates, as the net book value of the poles is expected to increase over time with the capital expenses planned. FIGURE 1: POLE ATTACHMENT LEASE METHODOLOGY Lease Rate ($/Attachment/Year) Bare Pole Net Book Value ($/Pole) Annual Operating Costs ($/Pole) Depreciation + G&A +Annual O&M Annual Operating Costs ($/Pole) Net Book Value Ownership ($/Pole) Ownership ($/Pole) Usable Space Factor (%) Attachment F MEMORANDUM Unmetered Electric Service Rate Methodology 4 TABLE 2: POLE ATTACHMENT RATE CALCULATION Line Formula/Source O & M Adder 1 Maintenance Expense FY2024 Prelim. Actual $3,690,146 2 Net Investment (Accumulated Depreciation) Line 8 - Line 9 $10,757,928 3 Line 1/Line 2 G & A Adder 4 Total General & Administrative Expense FY2023 Actual $6,090,703 5 Net Book Value (All Plant in Service) As of Ending FY2023 $215,968,770 6 Line 4/Line 5 Capital Cost Adder 7 Annual Depreciation Rate 1/80 years 1.3% 8 Capital Cost Original Cost $21,622,546 9 Net Book Value Original Cost less Depreciation $10,864,618 10 Line 8/Line 9 × Line 7 11 Net Book Value Line 9 $10,864,618 12 Number of Poles Pole Database 5,888 13 Net Cost of Bare Pole (Line 11/Line 12) × (1-15%) $1,568.43 14 Average Height of Pole (ft) From CPAU Pole Database 46 15 Space Occupied by Attachment Number of Feet Required 1 16 Usable Space (ft) PUC section 9510 et seq 13.5 17 Usable Space Share of Pole Height (%) Line 16/Line 14 29.3% 18 Net Cost of Bare Pole Line 13 $1,568.43 19 Carrying Cost Percentage Sum lines 3, 6, 10 39.6% 20 Annual Operation Cost per pole Line 18 × Line 19 $621.25 21 Cost of Ownership Line 18+ Line 20 $2,189.68 22 Cost of Ownership (Based on Usable Space) Line 17× Line 21 $642.62 23 Usable Space Factor (%) Line 15/ Line 16 7.4% 24 Line 22 × Line 23 In addition to the attachment fee, a processing fee is charged per pole to cover engineering and field review. This processing fee is calculated based on the current labor rate of $152/hour and the hours required (1.0 hours). This hourly rate includes benefits and administrative overhead. The resulting fee is $152 per pole. This Attachment F MEMORANDUM Unmetered Electric Service Rate Methodology 5 is the same charge from URS C-1 Utility Miscellaneous Charge. The rate schedule could reference URS C-1 rather than providing the rate in URS-16. TABLE 3: POLE ATTACHMENT PROCESSING FEE 0.5 $152.00 $76.00 0.5 $152.00 $76.00 LICENSE FEE FOR SMALL CELL ATTACHMENTS In 2018, the Federal Communications Commission (FCC) established new rules around small cell attachments to utility poles. The order intended to make more available the deployment of 5G networks. Utilities may recover the annual cost of service to small cell attachments as long as those costs are deemed reasonable. The FCC further states that reasonable annual costs are typically limited to $270 per pole per year for small cell attachments. The current annual fee for small cell attachments is set at the 2018 value of $270. The recommended annual fee updates this value using the Consumer Price Index for All Urban Consumers in the San Francisco-Oakland-Hayward area. The recommended updated license fee is $329.44 per year per pole. CONDUIT LEASE RATE The lease fee for electric conduit use is calculated much the same way as the pole attachment rate. The conduit lease is for exclusive use only since conduit is not shared. The City tracks O&M costs for underground conduit separately. Annual O&M costs are $300,000. General and administrative costs plus depreciation expense is calculated at 4.9% of the net book value for conduit. These costs plus direct conduit O&M costs total to produce an annual rate of $1.94/foot. Figure 2 illustrates the general methodology while Table 4 provides the detailed calculations. FIGURE 2: CONDUIT LEASE FEE METHODOLOGY Conduit Lease Rate, ($/ft/year) Conduit Net Book Value ($/ft) Direct Annual Operating Costs ($/ft/year) Adder for Depreciation and G&A (%) Attachment F MEMORANDUM Unmetered Electric Service Rate Methodology 6 TABLE 4: CONDUIT LEASE RATE CALCULATION line Formula/Source 1 CPAU Records Feet of Conduit 575,264 2 Account 366 Fixed Assets Capital Cost $34,186,622 3 Net Book Account 366 Depreciation $17,403,632 4 Line 2 - Line 3 Net Book Value $16,782,990 5 Line 4 / Line 1 Net Book Value per Foot of Conduit, $/ft $29.17 6 CPAU Records Annual O&M Costs $300,000 7 Line 6 / Line 1 8 Actual FY23 Expenses Total General & Administrative Expense $6,090,703 9 Fixed Assets Net Book Value (All Plant in Service) $215,968,770 10 Line 8 / Line 9 Administrative Expense Adder 2.8% 11 1/100 years Annual Depreciation Rate 1.0% 12 (Line 2/Line 4) × Line 11 Depreciation Adder 2.0% 13 Line 10 + Line 12 Total Carrying Cost Adder 4.9% 14 Line 13 × Line 5 15 Line 7 + Line 14 Attachment F MEMORANDUM Unmetered Electric Service Rate Methodology 7 SUMMARY Table 5 compares the current and recommended rates for Unmetered Utility Service: TABLE 5: RECOMMENDED RATES FY2026 Rate 1.Customer Charge, $/month $9.00 $10.96 2.Energy Charge, $/kWh Same as E-2 Same as E-2 1.Conduit License Fee, $/foot/year $1.94 $1.94 2.Processing Fee for Electric Conduit Usage Actual Cost Actual Cost 3.Pole Attachment License Fee, $/Foot/Year $29.511 $47.60 4.Processing Fee for Utility Pole Attachments, $/pole $55.00 $152.00 5.License Fee for mounting communication equipment including distributed antenna systems on utility poles, $/pole 1.The current rate includes a small incremental increase of $2.80/year for each additional foot of leased space up to 4 feet. The recommended unmetered service rate aligns closely with the FY2025 E-2 rate and excludes costs related to meter reading since Utility Rate Schedule E-16 provides the process for determining energy requirements based on equipment specifications. For pole attachments, it is recommended that CPAU charge the same fee for each foot of usable space licensed for communications use. This recommendation is consistent with PUC 9510(a)(1). The Appendix shows that the calculated pole attachment rate is higher than the rates published by other utilities surveyed. The sampling of utilities for pole attachment rates is difficult since many participate in the Northern California Joint Pole Association that manages standard pole attachments for member agencies. Pole attachment rates in other states are commonly in the $30- $40/attachment range. The rate level is mostly impacted by the net book value of the pole attachment and the depreciation schedule. Attachment F MEMORANDUM Unmetered Electric Service Rate Methodology 8 APPENDIX TABLE 6: POLE ATTACHMENT RATE COMPARISON $47.60 $18.50 $21.94 TABLE 7: SMALL CELL ATTACHMENT RATE COMPARISON $329.44 $1,475 deposit $94.08 increased 2.5% annually $303.41 increased 3% annually $270 increased 3% annually each effective date TABLE 8: UNMETERED SCHEDULE $10.961 Summer (May 1-Oct 31) (E-2)$0.26485 Winter (Nov 1- Apr 30) (E-2)$0.17290 $15.75 $0.20113 $5.06 First 800 kWh $0.24377 Above 800 kWh $0.22130 $13.28 $0.15700 $20.75 $0.27180 1. Updates according to hourly rate of Program Assistant I at 2 hours per year. https://www.cityofpaloalto.org/Departments/Human-Resources/Labor- Agreements-and-Salary-Schedules Attachment F April 2, 2025 www.cityofpaloalto.org FY 2026 Electric Rate Proposal Utilities Advisory Commission 2 Proposal •5.1% overall rate increase in FY 2026 (11% increase in distribution rates, combined with 1% increase in supply rates) Drivers •Significant investment in grid modernization funded by revenues and bond financing; first bond issuance in FY 2026 •Reserves recovering from 2020-2022 drawdown •In current year, power supply costs lower than budget •Longer-term transmission costs & renewable energy targets are rising and Resource Adequacy requirements are tightening; Resource Adequacy costs are expected to increase while Resource Adequacy sales revenue declines Compared with Preliminary Rates •Cost increases including: new warehouse and laydown yard for grid modernization , replacement of emergency generators, General Fund Transfer increase to reflect grid modernization asset value •Reflects climate action budget •Supply forecast update Electric Rate Proposal 3 Electric Bill Comparisons Note: PG&E Rates Effective March 1, 2025; Santa Clara Rates Effective January 1, 2025; Palo Alto Rates Effective July 1, 2024 **calculated using the "average" bundled total rates, and Climate Zone X, which includes most nearby comparison communities *Includes the annual climate credit, and Climate Zone X, which includes most nearby comparison communities 4 Electric Cost and Revenue Projections 5 Electric Supply Operating Reserve Projections Received $24M Overcharges Refund 6 Electric Distribution Operating Reserve Projections Maintained rates with no increases in FY2021 and FY2022, and utilized the operating reserve to cover expenses 7 Electric Bill Impact 8 Communication and Outreach Key Messages •Reasons for rate increases and benefits to customers •Competitive rates to other utilities and neighboring cities •What the City is doing to keep costs down •City programs and services to help customers keep utility bill costs low Outreach Strategies •Public Meetings: UAC, Finance, City Council •Digital Communication:website, social media, email newsletters, City blog, videos •Direct Mail: utility bill inserts,Proposition 218 notice,SFPUC rates postcard •Local Media Engagement: articles, interviews Sample utility bill insert about energy efficiency Replacing a utility pole as part of the Electric Grid Modernization Project 9 Electric Recommendation ​​​ U 1.Approving the Fiscal Year 2026 Electric Utility Financial Forecast shown in this staff report and attachments; and 2.Approving the transfer at the end of FY 2025 of up to $5 million from the Electric Utility Supply Operations Reserve to the Distribution Operations Reserve. 3.Amending Rate Schedules (Attachment B) effective July 1, 2025 (FY 2026): E -1 (Residential Electric Service), E-2 (Residential Master-Metered and Small Non-Residential Electric Service), E -2-G (Residential Master- Metered and Small Non-Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E-4-G (Medium Non-Residential Green Power Electric Service), E-4 TOU (Medium Non-Residential Time of Use Electric Service), E-7 (Large Non-Residential Electric Service), E-7-G (Large Non-Residential Green Power Electric Service), E -7 TOU (Large Non-Residential Time of Use Electric Service), E-14 (Street Lights), E-16 (Unmetered Electric Service), E-EEC-1 (Export Electricity Compensation), and E-NSE-1 (Net Metering Surplus Electricity Compensation)