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Home My WebLink AboutRESO 10233027060325 1 Resolution No. 10233 Resolution of the Council of the City of Palo Alto Approving the Fiscal Year 2026 Electric Utility Financial Forecast and Reserve Management Practices, 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 (Exhibit 3) and Financial Forecast (Exhibit 1) attached to and made part of the staff report presented to the City Council. 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 Reserve Management Practices (Exhibit 31) and Financial Forecast (Exhibit 12) presented to the 1 Exhibit 3 https://www.paloalto.gov/files/assets/public/v/1/agendas-minutes-reports/agendas-minutes/city-council- agendas-minutes/2025/june-16/rates-attachments/attachment-d-exhibit-3-fy26-electric-reserves-management- practices.pdf 2 Exhibit 1 https://www.paloalto.gov/files/assets/public/v/2/agendas-minutes-reports/agendas-minutes/city-council- agendas-minutes/2025/june-16/rates-attachments/finalized-attachment-d-exhibit-1-fy26-electric-utility-financial-forecast- and-cip-detail.pdf Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 027060325 2 Finance Committee on April 15, 2025 (Meeting Agenda Item 1: https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=16042) as updated by the June 16, 2025 Council report, which are attached to and made a part of the staff report presented to the City Council; 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 presented to the Finance Committee on April 15, 2025 (Meeting Agenda Item 1: https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=16042), Attachment C Table 12, lines 21 and 24; 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 shown in Exhibit 2 3. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. Utility Rate Schedule E-7, as amended, shall become effective July 1, 2025; 3 Exhibit 2 https://www.paloalto.gov/files/assets/public/v/1/agendas-minutes-reports/agendas-minutes/city-council- agendas-minutes/2025/june-16/rates-attachments/attachment-d-exhibit-2-fy26-electric-rate-schedules.pdf Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 027060325 3 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 readas shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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 shown in Exhibit 2. 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. // // // // Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 027060325 4 SECTION 18. The Council finds that approving the Electric Reserve Management Practices, 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: JUNE 16, 2025 AYES: BURT, LAUING, LU, LYTHCOTT-HAIMS, RECKDAHL, VEENKER NOES: ABSENT: STONE ABSTENTIONS: ATTEST: City Clerk Mayor APPROVED AS TO FORM: APPROVED: Assistant City Attorney City Manager Director of Utilities Director of Administrative Services Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 1 The Electric Utility Financial Forecast and CIP Details have been updated since the April 15, 2025 version reviewed by the Finance Committee;1 the specific changes are summarized in Staff Report 2411-3776. This exhibit contains the following tables: •Table 1: Updated June 16, 2025 Council Version of the Electric Utility Financial Forecast. Key Updated Numbers Shown in Red. •Table 2: April 15, 2025 Finance Committee Version of the Electric Utility Financial Forecast for Quick Reference. •Table 3: Electric Utility CIP Detail. Same as the April 15, 2025 Finance Committee Version, no changes were made. 1 Finance Committee Meeting Agenda April 1 5, 2025, Item 1: https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=16042 Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 1 Table 1: Updated June 16, 2025 Council Version of the Electric Utility Financial Forecast. Key Updated Numbers Shown in Red. 1 FISCAL YEAR FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 2 3 STARTING RESERVES 4 Reappropriations (Non-CIP)- - - - 56,811 120,000 253,000 640,000 640,000 640,000 640,000 640,000 640,000 5 Commitments (Non-CIP)2,970,955 3,725,000 3,910,695 3,518,525 3,512,355 (2,321,000) 9,400,307 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6 Restricted for Debt Service - - - - - - - - - - - - - 7 Emergency Plant Replacement - - - - - - - - - - - - - 6 Low Carbon Fuel Standard (LCFS) Reserve - - - 6,340,000 6,943,525 7,235,894 6,711,544 6,534,038 5,161,858 848,600 1,139,620 975,440 511,261 7 Cap and Trade 1,189,000 1,189,000 2,230,759 4,123,000 5,209,052 5,795,205 4,286,922 2,605,990 1,435,990 8 Underground Loan Reserve 730,147 730,147 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 9 Public Benefits Reserves 681,330 681,330 809,700 1,904,547 3,027,599 3,890,872 5,672,542 7,268,279 6,890,927 5,442,098 5,713,595 6,262,530 6,810,769 10 Electric Special Projects Reserve 51,837,855 41,837,855 41,664,855 46,664,855 46,664,855 24,649,000 20,148,855 22,648,855 30,148,855 31,168,855 32,188,855 33,208,855 34,228,855 11 Hydro Stabilization Reserve 11,400,000 11,400,000 11,400,000 15,400,000 15,400,000 400,000 400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 12 Capital Reserves 879,964 879,964 879,964 5,879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 13 Rate Stabilization Reserves 9,010,840 9,010,840 - - - - - - - - - - - 14 Electrification Reserve 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 14 Operations Reserves (Supply & Dist)29,912,981 18,600,000 45,244,167 38,851,877 30,216,268 28,559,158 38,881,723 32,218,564 29,412,514 51,260,881 55,619,527 54,390,158 54,585,035 15 Unassigned - 387,279 313,418 0 (0) - - - - - - - - 16 TOTAL STARTING RESERVES 107,424,072 87,252,415 104,949,458 119,286,428 108,617,036 65,329,547 89,805,353 103,876,755 107,907,225 125,599,658 130,032,538 128,526,993 128,655,929 17 18 REVENUES 19 Net Sales 127,172,308 131,471,245 137,026,504 129,389,001 130,557,545 164,554,954 178,549,357 182,708,487 190,024,810 199,371,957 213,998,674 229,841,608 241,698,138 20 Wholesale Revenues 18,106,327 21,060,071 20,686,925 25,959,207 25,529,188 30,745,937 37,702,239 37,020,807 38,888,966 26,106,350 25,456,315 23,393,892 21,983,135 21 Other Revenues and Transfers In 13,373,312 19,914,635 15,260,937 9,324,996 9,348,837 32,788,973 14,853,337 11,633,324 10,980,889 12,266,648 12,378,754 12,012,552 12,790,828 22 TOTAL REVENUES 158,651,947 172,445,951 172,974,366 164,673,204 165,435,570 228,089,864 231,104,933 231,362,618 239,894,665 237,744,956 251,833,744 265,248,053 276,472,101 23 24 EXPENSES 25 Electric Supply Purchases 103,397,049 101,994,542 97,716,399 106,202,833 120,493,223 128,512,096 106,529,511 119,770,513 127,960,606 122,088,516 129,317,309 135,355,253 139,010,711 26 Operating Expenses 27 Administration 28 Allocated Charges 6,374,241 4,568,027 6,146,498 6,674,515 5,732,098 9,664,335 14,356,076 15,653,655 16,568,232 17,230,961 17,920,200 18,637,008 19,304,748 29 Rent 5,284,977 5,454,097 5,666,805 5,949,976 6,069,000 6,324,000 6,640,200 6,905,808 7,347,780 7,641,691 7,947,359 8,265,253 8,593,589 30 Equity Transfer 12,973,000 13,134,000 13,638,000 14,138,000 14,534,000 14,904,000 15,985,000 17,407,000 18,491,000 19,632,000 20,982,000 22,342,000 31 Transfers and Other Adjustments 13,632,059 369,321 (3,000,057) (4,027,621) 2,311,226 619,705 453,252 471,382 1,490,238 509,847 530,241 689,450 665,465 32 Subtotal, Administration 25,291,277 23,364,445 21,947,247 22,234,870 28,250,324 31,142,040 36,353,528 39,015,845 42,813,249 43,873,499 46,029,799 48,573,711 50,905,802 33 Resource Management 1,873,954 (1,922,227) 2,870,524 2,781,010 2,824,285 3,086,893 5,102,246 5,612,470 6,173,717 6,420,666 6,677,492 6,944,592 7,126,582 34 Demand Side Management 3,746,921 3,485,053 2,733,047 3,819,646 4,086,083 4,354,087 5,031,272 7,932,431 12,259,724 6,317,331 6,945,203 7,684,911 7,820,570 35 Operations and Mtc 11,528,747 11,606,585 13,450,568 15,988,315 16,576,083 20,538,544 19,842,146 21,243,001 22,742,757 23,652,467 24,598,566 25,582,509 26,605,809 36 Engineering (Operating)1,790,942 1,838,799 2,051,303 2,408,524 1,806,550 2,022,434 2,545,886 2,666,052 2,791,889 2,903,565 3,019,708 3,140,496 3,266,116 37 Customer Service 2,291,246 2,180,400 2,228,469 2,320,338 2,974,968 1,328,808 3,930,754 4,276,660 4,653,006 4,839,126 5,032,691 5,233,999 5,443,359 38 Allowance for Unspent Budget - - - - - - - - - - - - - 39 Subtotal, Operating Expenses 46,523,087 40,553,054 45,281,157 49,552,702 56,518,293 62,472,805 72,805,831 80,746,459 91,434,343 88,006,654 92,303,459 97,160,217 101,168,238 40 Capital Expenses 41 Capital Program Contribution 18,803,467 10,770,456 15,539,840 21,487,061 34,524,744 21,656,368 22,345,178 70,086,228 - 15,296,591 23,795,558 19,171,578 15,804,205 42 Capital-Related Debt Service 100,000 100,000 100,000 100,000 100,000 20,789 - - 5,332,032 5,332,032 5,332,032 11,532,068 11,532,068 43 Subtotal, Capital Expenses 18,903,467 10,870,456 15,639,840 21,587,061 34,624,744 21,677,157 22,345,178 70,086,228 5,332,032 20,628,623 29,127,589 30,703,646 27,336,274 44 TOTAL EXPENSES 168,723,603 153,418,052 158,637,396 177,342,596 211,636,260 212,662,058 201,680,521 270,603,200 224,726,980 230,723,793 250,748,357 263,219,116 267,515,222 45 46 ENDING RESERVES 47 Reappropriations (Non-CIP)9,063,000 - - 56,811 120,000 253,000 640,000 640,000 640,000 640,000 640,000 640,000 640,000 48 Commitments (Non-CIP)8,637,000 3,910,695 3,518,525 3,512,355 (2,321,000) 9,400,307 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 49 Restricted for Debt Service - - - - - - - - - - - - - 50 Emergency Plant Replacement - - - - - - - - - - - - - 51 Low Carbon Fuel Standard (LCFS) Reserve - - 6,340,000 6,943,525 7,235,894 6,711,544 6,534,038 5,161,858 848,600 1,139,620 975,440 511,261 47,081 52 Cap and Trade 1,189,000 1,189,000 2,230,759 4,123,000 5,209,052 5,795,205 4,286,922 2,605,990 1,435,990 295,991 53 Underground Loan Reserve 730,147 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 54 Public Benefits Reserves 681,330 809,700 1,904,547 3,027,599 3,890,872 5,672,542 7,268,279 6,890,927 5,442,098 5,713,595 6,262,530 6,810,769 7,551,896 55 Electric Special Projects Reserve 41,837,855 41,664,855 46,664,855 46,664,855 24,649,000 20,148,855 22,648,855 30,148,855 31,168,855 32,188,855 33,208,855 34,228,855 35,248,855 56 Hydro Stabilization Reserve 11,400,000 11,400,000 15,400,000 15,400,000 400,000 400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 57 Capital Reserve 879,964 879,964 5,879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 58 Rate Stabilization Reserve 9,010,840 - - - - - - - - - - - - 59 Electrification Reserve 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 60 Operations Reserve (Supply & Dist)18,600,000 45,244,167 38,851,877 30,216,268 28,559,158 38,881,723 32,218,564 29,412,514 51,260,881 55,619,527 54,390,158 54,585,035 61,484,967 61 Unassigned 387,279 313,418 0 (0) - - - - - - - - - 62 TOTAL ENDING RESERVES 101,227,415 104,949,458 119,286,428 108,617,036 65,329,547 89,805,353 103,876,755 107,907,225 125,599,658 130,032,538 128,526,993 128,655,929 135,712,808 63 64 OPERATIONS RESERVE 65 Min (60 days of non-capital expenses)25,825,958 24,672,896 25,579,071 26,397,217 28,629,395 32,480,944 30,747,759 34,305,515 38,044,231 36,985,656 38,860,633 41,486,730 42,711,639 66 Target (90 days of non-capital expenses)37,035,937 35,300,726 36,507,588 38,417,367 41,834,515 46,934,532 44,225,410 49,485,058 55,013,019 53,343,023 56,070,070 59,920,381 61,665,355 67 Max (120 days of non-capital expenses)48,245,916 45,928,557 47,436,104 50,437,517 55,039,635 61,388,119 57,703,061 64,664,601 71,981,808 69,700,391 73,279,508 78,354,032 80,619,072 68 Risk Assessment Value 5,622,455 4,992,321 6,001,771 6,381,125 6,668,204 6,330,333 8,440,652 8,230,552 6,775,600 8,486,267 9,383,619 9,248,591 9,035,579 69 70 DEBT SERVICE COVERAGE RATIO 71 Net Revenues (125% of Debt Service)198%452%517%212%-45%535%724%766%250%320%346%230%251% 72 Available Reserves (5x Debt Service)*9.4 11.9 16.1 13.4 8.4 9.4 11.6 21.7 11.7 12.1 12.0 7.4 7.8 *For the purposes of debt covenants, the unrestricted reserves of other utilities may be counted toward the available reserves for meeting this measure. A ratio below 5x means that this utility is relying on the reserves of other utilities to meet its debt covenants. Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 1 Table 2: April 15, 2025 Finance Committee Version of the Electric Utility Financial Forecast for Quick Reference. 1 FISCAL YEAR FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 2 3 STARTING RESERVES 4 Reappropriations (Non-CIP)- - - - 56,811 120,000 253,000 640,000 640,000 640,000 640,000 640,000 640,000 5 Commitments (Non-CIP)2,970,955 3,725,000 3,910,695 3,518,525 3,512,355 (2,321,000) 9,400,307 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6 Restricted for Debt Service - - - - - - - - - - - - - 7 Emergency Plant Replacement - - - - - - - - - - - - - 6 Low Carbon Fuel Standard (LCFS) Reserve - - - 6,340,000 6,943,525 7,235,894 6,711,544 6,534,038 4,589,038 499,038 374,288 249,538 124,788 7 Cap and Trade 1,189,000 1,189,000 2,230,759 4,123,000 5,832,899 7,042,899 5,282,399 3,521,899 1,761,399 8 Underground Loan Reserve 730,147 730,147 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 9 Public Benefits Reserves 681,330 681,330 809,700 1,904,547 3,027,599 3,890,872 5,672,542 7,268,279 8,331,178 3,453,815 3,308,463 3,597,421 4,354,392 10 Electric Special Projects Reserve 51,837,855 41,837,855 41,664,855 46,664,855 46,664,855 24,649,000 20,148,855 22,648,855 30,148,855 31,168,855 32,188,855 33,208,855 34,228,855 11 Hydro Stabilization Reserve 11,400,000 11,400,000 11,400,000 15,400,000 15,400,000 400,000 400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 12 Capital Reserves 879,964 879,964 879,964 5,879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 13 Rate Stabilization Reserves 9,010,840 9,010,840 - - - - - - - - - - - 14 Electrification Reserve 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 14 Operations Reserves (Supply & Dist)29,912,981 18,600,000 45,244,167 38,538,459 29,902,850 28,559,158 38,881,723 32,218,564 29,412,615 51,260,982 52,719,628 51,490,259 51,685,136 15 Unassigned - 244,354 - 0 (0) - - - - - - - (0) 16 TOTAL STARTING RESERVES 107,424,072 87,109,490 104,636,040 118,973,010 108,303,618 65,329,547 89,805,353 103,876,755 109,398,604 124,509,608 124,957,652 123,151,991 123,238,589 17 18 REVENUES 19 Net Sales 127,172,308 131,471,245 137,026,504 129,389,001 130,557,545 164,554,954 178,549,357 182,708,487 190,024,810 199,371,957 213,998,674 229,841,608 241,698,138 20 Wholesale Revenues 18,106,327 21,060,071 20,686,925 25,959,207 25,529,188 30,745,937 37,702,239 37,020,807 38,888,966 26,106,350 25,456,315 23,393,892 21,983,135 21 Other Revenues and Transfers In 13,373,312 19,914,635 15,260,937 9,324,996 9,348,837 32,788,973 14,853,337 11,633,324 10,980,889 12,266,648 12,378,754 12,012,552 12,790,828 22 TOTAL REVENUES 158,651,947 172,445,951 172,974,366 164,673,204 165,435,570 228,089,864 231,104,933 231,362,618 239,894,665 237,744,956 251,833,744 265,248,053 276,472,101 23 24 EXPENSES 25 Electric Supply Purchases 103,397,049 101,994,542 97,716,399 106,202,833 120,493,223 128,512,096 106,529,511 119,770,513 127,960,606 122,088,516 129,317,309 135,355,253 139,010,711 26 Operating Expenses 27 Administration 28 Allocated Charges 6,374,241 4,568,027 6,146,498 6,674,515 5,732,098 9,664,335 14,356,076 15,653,655 16,568,232 17,230,961 17,920,200 18,637,008 19,304,748 29 Rent 5,284,977 5,454,097 5,666,805 5,949,976 6,069,000 6,324,000 6,640,200 6,905,808 7,347,780 7,641,691 7,947,359 8,265,253 8,593,589 30 Equity Transfer 12,973,000 13,134,000 13,638,000 14,138,000 14,534,000 14,904,000 15,985,000 17,407,000 18,491,000 19,632,000 20,982,000 22,342,000 31 Transfers and Other Adjustments 13,632,059 369,321 (3,000,057) (4,027,621) 2,311,226 1,496,296 453,252 471,382 1,490,238 3,409,847 530,241 689,450 665,465 32 Subtotal, Administration 25,291,277 23,364,445 21,947,247 22,234,870 28,250,324 32,018,631 36,353,528 39,015,845 42,813,249 46,773,499 46,029,799 48,573,711 50,905,802 33 Resource Management 1,873,954 (1,922,227) 2,870,524 2,781,010 2,824,285 3,086,893 5,102,246 5,612,470 6,173,717 6,420,666 6,677,492 6,944,592 7,126,582 34 Demand Side Management 3,889,846 3,655,547 2,733,047 3,819,646 4,086,083 3,477,495 4,995,551 7,065,000 15,465,000 7,149,950 7,165,750 7,136,750 7,111,750 35 Operations and Mtc 11,528,747 11,606,585 13,450,568 15,988,315 16,576,083 20,538,544 19,842,146 21,243,001 22,742,757 23,652,467 24,598,566 25,582,509 26,605,809 36 Engineering (Operating)1,790,942 1,838,799 2,051,303 2,408,524 1,806,550 2,022,434 2,545,886 2,666,052 2,791,889 2,903,565 3,019,708 3,140,496 3,266,116 37 Customer Service 2,291,246 2,180,400 2,228,469 2,320,338 2,974,968 1,328,808 3,930,754 4,276,660 4,653,006 4,839,126 5,032,691 5,233,999 5,443,359 38 Allowance for Unspent Budget - - - - - - - - - - - - - 39 Subtotal, Operating Expenses 46,666,012 40,723,548 45,281,157 49,552,702 56,518,293 62,472,805 72,770,110 79,879,028 94,639,619 91,739,273 92,524,006 96,612,056 100,459,417 40 Capital Expenses 41 Capital Program Contribution 18,803,467 10,770,456 15,539,840 21,487,061 34,524,744 21,656,368 22,345,178 70,086,228 - 15,296,591 23,795,558 19,171,578 15,804,205 42 Capital-Related Debt Service 100,000 100,000 100,000 100,000 100,000 20,789 - - 5,332,032 5,332,032 5,332,032 11,532,068 11,532,068 43 Subtotal, Capital Expenses 18,903,467 10,870,456 15,639,840 21,587,061 34,624,744 21,677,157 22,345,178 70,086,228 5,332,032 20,628,623 29,127,589 30,703,646 27,336,274 44 TOTAL EXPENSES 168,866,528 153,588,546 158,637,396 177,342,596 211,636,260 212,662,058 201,644,799 269,735,769 227,932,256 234,456,412 250,968,905 262,670,955 266,806,402 45 46 ENDING RESERVES 47 Reappropriations (Non-CIP)9,063,000 - - 56,811 120,000 253,000 640,000 640,000 640,000 640,000 640,000 640,000 640,000 48 Commitments (Non-CIP)8,637,000 3,910,695 3,518,525 3,512,355 (2,321,000) 9,400,307 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 6,937,396 49 Restricted for Debt Service - - - - - - - - - - - - - 50 Emergency Plant Replacement - - - - - - - - - - - - - 51 Low Carbon Fuel Standard (LCFS) Reserve - - 6,340,000 6,943,525 7,235,894 6,711,544 6,534,038 4,589,038 499,038 374,288 249,538 124,788 38 52 Cap and Trade 1,189,000 1,189,000 2,230,759 4,123,000 5,832,899 7,042,899 5,282,399 3,521,899 1,761,399 899 53 Underground Loan Reserve 730,147 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 726,659 54 Public Benefits Reserves 681,330 809,700 1,904,547 3,027,599 3,890,872 5,672,542 7,268,279 8,331,178 3,453,815 3,308,463 3,597,421 4,354,392 5,464,909 55 Electric Special Projects Reserve 41,837,855 41,664,855 46,664,855 46,664,855 24,649,000 20,148,855 22,648,855 30,148,855 31,168,855 32,188,855 33,208,855 34,228,855 34,228,855 56 Hydro Stabilization Reserve 11,400,000 11,400,000 15,400,000 15,400,000 400,000 400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 17,400,000 57 Capital Reserve 879,964 879,964 5,879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 879,964 58 Rate Stabilization Reserve 9,010,840 - - - - - - - - - - - - 59 Electrification Reserve 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 60 Operations Reserve (Supply & Dist)18,600,000 45,244,167 38,538,459 29,902,850 28,559,158 38,881,723 32,218,564 29,412,615 51,260,982 52,719,628 51,490,259 51,685,136 58,585,067 61 Unassigned 244,354 - 0 (0) - - - - - - - (0) (0) 62 TOTAL ENDING RESERVES 101,084,490 104,636,040 118,973,010 108,303,618 65,329,547 89,805,353 103,876,755 109,398,604 124,509,608 124,957,652 123,151,991 123,238,589 129,363,788 63 64 OPERATIONS RESERVE 65 Min (60 days of non-capital expenses)25,849,452 24,700,922 25,579,071 26,397,217 28,629,395 32,336,846 30,741,887 34,060,374 38,468,576 37,163,985 38,909,967 41,493,690 42,697,120 66 Target (90 days of non-capital expenses)37,071,179 35,342,766 36,507,588 38,417,367 41,834,515 46,718,386 44,216,602 49,117,345 55,649,536 53,610,517 56,144,072 59,930,821 61,643,578 67 Max (120 days of non-capital expenses)48,292,905 45,984,610 47,436,104 50,437,517 55,039,635 61,099,925 57,691,317 64,174,317 72,830,496 70,057,049 73,378,176 78,367,952 80,590,035 68 Risk Assessment Value 5,622,455 4,992,321 6,001,771 6,381,125 6,668,204 6,330,333 8,440,652 8,230,552 6,775,600 8,486,267 9,383,619 9,248,591 9,035,579 69 70 DEBT SERVICE COVERAGE RATIO 71 Net Revenues (125% of Debt Service)197%450%517%212%-45%535%725%784%218%283%344%233%256% 72 Available Reserves (5x Debt Service)*9.4 11.9 16.1 13.4 8.4 9.4 11.6 22.0 11.6 11.6 11.4 7.1 7.4 *For the purposes of debt covenants, the unrestricted reserves of other utilities may be counted toward the available reserves for meeting this measure. A ratio below 5x means that this utility is relying on the reserves of other utilities to meet its debt covenants. Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 1 Table 3: Electric Utility CIP Detail. Same as the April 15, 2025 Finance Committee Version, no changes were made. Fiscal Year 2026 2027 2028 2029 2030 Project Number Project Name Commitments, Reappropriations and Accruals from FY24 (A) Current Year Estimate (B) Current Year Funding (B-A) EL-17002 Substation 60kV Breakers Replacement 2,398,662 1,000,000 (1,398,662) 3,748,481 1,000,000 - - EL-19001 Colorado Power Station (Replace COP3)1,725,339 1,000,000 (725,339) 4,725,339 1,100,000 - - EL-21001 Foothills Rebuilid 599,239 5,000,000 4,400,761 1,599,239 - - - EL-22002 Colorado Distribution 389,424 389,424 - - - - - EL-24001 Hanover Substation Expansion 14,779,014 14,779,014 0 - - - - EL-19004 Wood Pole Replacement 989,933 1,410,983 578,950 750,000 750,000 750,000 825,000 Subtotal - One Time 20,881,611 23,579,421 2,276,760 10,652,009 2,850,000 750,000 750,000 825,000 EL-06001 115 kV Electric Inte 54,188 304,188 250,001 283,300 250,000 - - EL-16001 Underground System R - 350,000 350,000 350,000 350,000 364,000 374,920 412,412 EL-16003 Substation Security 3,006,937 1,000,000 (2,006,937) 2,641,728 300,000 189,150 169,950 Subtotal - Reliability 3,061,125 1,654,188 (1,406,937) 3,275,028 900,000 553,150 544,870 412,412 EL-12001 UG District 46 - Charleston/El Camino 1,368 - (1,368) - - - - - Subtotal - Undergrounding 1,368 - (1,368) - - - - - EL-10006 Rebuild UG Dist 24 - - - - - - - Subtotal - Underground Rebuild - - - - - - - - EL-02010 SCADA System Upgrade 27,586 252,586 225,001 185,000 220,000 308,000 317,240 348,964 EL-02011 Electric Utility GIS 263,373 343,373 80,000 165,000 170,000 238,000 245,140 269,654 EL-17005 HCB Pilot Wire Relay 462,505 200,000 (262,505) 612,505 200,000 208,000 214,240 EL-19002 Colorado Substation 1,141,142 100,000 (1,041,142) 1,041,142 - - - EL-89031 Communications Syste - 100,000 100,000 100,000 103,000 107,000 110,210 121,231 EL-89038 Substation Protection Improvements 57,544 357,544 300,000 300,000 309,000 320,000 329,600 362,560 EL-89044 Substation Facility 834,855 1,234,855 400,000 400,000 412,000 430,000 442,900 487,190 EL-98003 Electric System Improvements 1,691,328 13,671,398 11,980,070 4,171,450 3,161,670 2,739,650 2,816,950 3,098,645 Subtotal - Ongoing 4,478,332 16,259,756 11,781,424 6,975,097 4,575,670 4,350,650 4,476,280 4,688,244 EL-89028 Electric Customer Connections 6,066,340 1,700,000 (4,366,340) 2,700,000 2,700,000 2,700,000 2,781,000 3,059,100 Subtotal - Customer Connections 6,066,340 1,700,000 (4,366,340) 2,700,000 2,700,000 2,700,000 2,781,000 3,059,100 EL-11014 Smart Grid Technology 5,324,284 7,065,270 1,740,986 - - - - Subtotal - Smart Grid 5,324,284 7,065,270 1,740,986 - - - - - Total CIP (Non-Grid Modernization)39,813,061 50,258,635 10,024,525 23,602,134 11,025,670 8,353,800 8,552,150 8,984,756 EL-24000 Grid Modernization 6,761,405 31,000,000 24,238,595 52,500,000 18,357,000 40,000,000 62,000,000 25,000,000 Subtotal - Grid Modernization 6,761,405 31,000,000 24,238,595 52,500,000 18,357,000 40,000,000 62,000,000 25,000,000 Total CIP including Grid Modernization 46,574,466 81,258,635 34,263,120 76,102,134 29,382,670 48,353,800 70,552,150 33,984,756 2025 Projected Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 70 $ 0.095930.086 42 $ 0.006040.00549 $ 0.205700.194 61 Tier 2 usage Any usage over Tier 1 0.133720.132 40 0.089680.080 79 0.006040.00549 0.229440.218 68 Customer Charge ($/month) 5.154.64 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 26 $ 0.108060.097 35 $ 0.006040.00549 $ 0.264850.2 5210 Winter Period 0.093340.092 42 0.073520.066 23 0.006040.00549 0.172900.1 6414 Customer Charge ($/month) 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Benefits Palo Alto Green Charge Total Summer Period $ 0.150750.14 926 $ 0.108060.09 735 $ 0.006040. 00549 $ 0.0075 $ 0.272350. 25960 Winter Period 0.093340.09 242 0.073520.06 623 0.006040. 00549 0.0075 $ 0.1716480 40 Customer Charge ($/month) 6.225.60 2. 1000 kWh Block Purchase Option: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Total Summer Period $ 0.150750.14 926 $ 0.108060.09 735 $ 0.006040. 00549 $ 0.2521026 485 Winter Period Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 0.093340.09 242 0.073520.06 623 0.006040. 00549 0.172900. 16414 Customer Charge ($/month) 6.225.60 Palo Alto Green Charge (per 1000 kWh block) $ 7.50 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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) 0.124410.12318 0.027970.02520 0.006040.00549 0.158420.15387 Winter Period Demand Charge (per kW) $ 2.602.57 $ 23.4921.16 $ 26.0923.73 Energy Charge (per kWh) 0.080280.07949 0.027970.02520 0.006040.00549 0.114290.11018 Customer Charge ($/month) 126.24113.73 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Total Standby Charge (per kW ofReserved Capacity) Summer Period $ 8.508.41 $ 38.0834.31 $ 46.5842.72 Winter Period $0.00 $ 23.4921.16 $23.4921.16 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Public Benefits Palo Alto Green Charge Total Summer Period Demand Charge (per kW) $ 11.0910.98 $ 38.0834.31 $ 49.1745.29 Energy Charge (per kWh) 0.124410.12318 0.027970.02520 0.006040.00549 0.0075 0.165920.16137 Winter Period Demand Charge (per kW) $ 2.602.57 $ 23.4921.16 $ 26.0923.73 Energy Charge (per kWh) 0.080280.07949 0.027970.02520 0.006040.00549 0.0075 0.11768 Customer Charge ($/month) 126.24113.73 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $ 11.0910.98 $ 38.0834.31 $ 49.1745.29 Energy Charge (per kWh) 0.124410.12318 0.027970.02520 0.006040.00549 0.158420.15387 Palo Alto Green Charge (per 1000 kWh block) $7.50 Winter Period Demand Charge (per kW) $ 2.602.57 $ 23.4921.16 $ 23.73 Energy Charge (per kWh) 0.080280.07949 0.027970.02520 0.006040.00549 0.114290.11018 Palo Alto Green Charge (per 1000 kWh block) $7.50 Customer Charge ($/month) 126.24113.73 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $ 8.508.41 $ 38.0834.31 $ 46.5842.72 Winter Period $0.00 $23.4921.16 $23.4921.16 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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): Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) Peak $ 9.829.72 $ 19.0717.18 $ 28.8926.90 Max Demand 1.301.29 19.0717.18 20.3718.47 Energy Charge (per kWh) Peak $ 0.172080.17038 $ 0.028170.02538 $ 0.006040.00549 $ 0.206290.20125 Mid-Peak 0.141810.14041 0.028170.02538 0.006040.00549 0.176020.17128 Off-Peak 0.106620.10556 0.028170.02538 0.006040.00549 0.140830.13643 Winter Period Demand Charge (per kW) Peak $ 1.311.30 $ 11.9110.73 $ 13.2212.03 Max Demand 1.311.30 11.9110.73 13.2212.03 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Commodity Distribution Public Benefits Total Energy Charge (per kWh) Peak $ 0.120960.11976 $ 0.02775 0.02500 $ 0.006040.00549 $ 0.154750.15025 Mid-Peak 0.095470.09452 0.027750.02500 0.006040.00549 0.129260.12501 Off-Peak 00.06590.06525 0.027750.02500 0.006040.00549 0.099690.09574 Customer Charge ($/month) 126.24113.73 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): Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Total Standby Charge (per kW ofReserved Capacity) Summer Period $ 8.508.41 $ 38.0834.31 $ 46.5842.72 Winter Period $0.00 $23.4921.16 $23.4921.16 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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): Commodity Distribution Public Benefits Total Summer Period Demand Charge (kW) $ 12.0711.95 $ 31.5428.41 $ 43.61 40.36 Energy Charge (kWh) 0.127860.12659 0.004020.00362 0.006040.00549 0.137920.13570 Winter Period Demand Charge (kW) $ 2.822.79 $ 27.7525.00 $ 30.5727.79 Energy Charge (kWh) 0.079730.07894 0.003930.00354 0.006040.00549 0.089700.08797 Customer Charge ($/month) 578.08520.80 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Total Standby Charge (per kW ofReserved Capacity) Summer Period $ 9.259.16 $ 31.5428.41 $ 40.7937.57 Winter Period $0.00 $27.7525.00 $27.7525.00 c. Meters. A separate Meter is required for each non-utility generation source. d.Calculation of Maximum Demand Credit. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Public Benefits Palo Alto Green Charge Total Summer Period Demand Charge ( per kW) $ 12.0711.95 $ 31.5428.41 $ 43.6140.36 Energy Charge (per kWh) 0.127860.12659 0.004020.00362 0.006040.00549 0.0075 0.145420.14320 Winter Period Demand Charge (per kW) $ 2.822.79 $ 27.7525.00 $ 30.5727.79 Energy Charge (per kWh) 0.079730.07894 0.003930.00354 0.006040.00549 0.0075 0.097200.09547 Customer Charge ($/month) 578.08520.80 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $ 12.0711.95 $ 31.5428.41 $ 43.6140.36 Energy Charge (per kWh) 0.127860.12659 0.004020.00362 0.006040.00549 0.137920.13570 Palo Alto Green Charge (per 1000 kWh block) $ 7.50 Winter Period Demand Charge (per kW) $ 2.822.79 $ 27.7525.00 $ 30.5727.79 Energy Charge (per kWh) 0.079730.07894 0.003930.00354 0.006040.00549 0.089700.08797 Palo Alto Green Charge (per 1000 kWh block) $7.50 Customer Charge ($/month) 578.08520.80 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $ 9.259.16 $ 31.5428.41 $ 40.7937.57 Winter Period $0.00 $27.7525.00 $27.7525.00 c. Meters: A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit: Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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): Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) Peak $ 11.3911.28 $ 16.3314.71 $ 27.7225.99 Max Demand 1.461.45 16.3314.71 17.7916.16 Energy Charge (per kWh) Peak $ 0.181990.18019 $ 0.004020.00362 $ 0.006040.00549 $ 0.192050.18930 Mid-Peak 0.149990.14850 0.004020.00362 0.006040.00549 0.160050.15761 Off-Peak 0.112760.11164 0.004020.00362 0.006040.00549 0.122820.12075 Winter Period Demand Charge (per kW) Peak $ 1.461.45 $ 14.4212.99 $ 15.8814.44 Max Demand 1.461.45 14.4212.99 15.8814.44 Energy Charge (per kWh) Peak $ 0.122250.12104 $ 0.003930.00354 $ 0.006040.00549 $ 0.132220.13007 Mid-Peak 0.096480.09552 0.003930.00354 0.006040.00549 0.106450.10455 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Off-Peak 0.066600.06594 0.003930.00354 0.006040.00549 0.076570.07497 Customer Charge ($/month) 578.08520.80 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) Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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. Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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: Commodity Distribution Total Standby Charge (per kW ofReserved Capacity) Summer Period $ 9.259.16 $ 31.5428.41 $ 40.7937.57 Winter Period $0.00 $27.7525.00 $27.7525.00 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 – Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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) Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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 Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB 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} Exhibit 2Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 3 ELECTRIC UTILITY RESERVES MANAGEMENT PRACTICES The following reserves management practices are used when developing the Electric Utility Financial Plan: Section 1. Definitions a)“Financial Planning Period” – The Financial Planning Period is the range of future fiscal years covered by the Financial Plan. For example, if the Financial Plan delivered in conjunction with the FY 2015 budget includes projections for FY 2015 to FY 2019, FY 2015 to FY 2019 would be the Financial Planning Period. b)“Fund Balance” – As used in these Reserves Management Practices, Fund Balance refers to the Utility’s Unrestricted Net Assets. c)“Net Assets” - The Government Accounting Standards Board defines a Utility’s Net Assets as the difference between its assets and liabilities. d)“Unrestricted Net Assets” - The portion of the Utility’s Net Assets not invested in capital assets (net of related debt) or restricted for debt service or other restricted purposes. Section 2. Supply Fund Reserves The Electric Supply Fund Balance is reserved for the following purposes: a)For existing contracts, as described in Section 4 (Reserve for Commitments) b)For operating budgets reappropriated from previous years, as described in Section 5 (Reserve for Reappropriations) c)For special projects for the benefit of the Electric Utility ratepayers, as described in Section 6 (Electric Special Projects Reserve) d)For year to year balancing of costs associated with the Electric Utility’s hydroelectric resources, as described in Section 7 (Hydroelectric Stabilization Reserve) e)For rate stabilization, as described in Section 11 (Rate Stabilization Reserves) f)For operating contingencies, as described in Section 12 (Operations Reserves) g)For tracking 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, as described in Section 16 (Cap and Trade Program Reserv e) h)For tracking funding of City buildings, appliance and vehicle electrification projects and programs, as described in Section 17 (Electrification 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 3. Distribution Fund Reserves The Electric Distribution Fund Balance is reserved for the following purposes: a)For existing contracts, as described in Section 4 (Reserves for Commitments) b)For operating and capital budgets reappropriated from previous years, as described in Section 5 (Reserves for Reappropriations) c)As an offset to underground loan receivables, as described in Section 8 (Underground Loan Reserve) d)To hold Public Benefit Program funds collected but not yet spent, as described in Section 9 (Public Benefits Reserve) Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 3 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 Di stribution 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 Re serve 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; Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 3 Section 7. Hydroelectric Stabilization Reserve The Hydroelectric Stabilization Reserve is used to manage the supply cost impacts associated with variations in generation from hydroelectric resources. Staff will manage the Hydroelectric Stabilization Reserve as follows: a)Projected Hydro Output: Near the end of each fiscal year, staff will determine the actual and expected hydro output for that fiscal year, compare that to the long-term average annual output level (495,957 MWh as of March 2018), and multiply the difference by the average of the monthly round-the-clock forward market prices for each month of the current fiscal year. b)Changes in Reserves. Staff is authorized to transfer the amount described in Sec. 7(a) from the Operations Reserve to the Hydroelectric Stabilization Reserve for hydro output deviations above long-term average levels, or transfer this amount from the Hydroelectric Stabilization Reserve to the Operations Reserve for hydro output deviations below long-term average levels. c)Implementation of HRA. The level of the 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. d)Reserve Guidelines. Staff will manage the Hydroelectric Stabilization Reserve according to the following guideline levels: Minimum Level $3 million Target Level $19 million Maximum Level $35 million Section 8. Underground Loan Reserve At the end of each fiscal year, the Underground Loan Reserve will be adjusted by the principal payments made against outstanding underground loans. Section 9. Public Benefits Reserve The Public Benefits Reserve will be increased by the amount of unspent Public Benefits Revenues remaining at the end of each fiscal year. Expenditure of these funds requires action by the City Council. Section 10. CIP Reserve The CIP Reserve is used to manage cash flow for capital projects and acts as a reserve for capital contingencies. Staff will manage the CIP Reserve according to the following practices: a)The following guideline levels are set forth for the CIP Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period and approved by Council resolution. Minimum Level 20% of the maximum CIP Reserve guideline level Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 3 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: Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 3 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 f und’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 201 7. 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 Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Exhibit 3 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, i ncluding 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 pr ograms using this reserve. Docusign Envelope ID: 627738B5-61E3-4469-81EF-C52DB15223FB Certificate Of Completion Envelope Id: 627738B5-61E3-4469-81EF-C52DB15223FB Status: Completed Subject: RESO 10233 Electric Rates Source Envelope: Document Pages: 56 Signatures: 6 Envelope Originator: Certificate Pages: 2 Initials: 0 Christine Prior AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC-08:00) Pacific Time (US & Canada) 250 Hamilton Ave Palo Alto , CA 94301 Christine.Prior@PaloAlto.gov IP Address: 165.225.242.87 Record Tracking Status: Original 6/25/2025 11:07:57 AM Holder: Christine Prior Christine.Prior@PaloAlto.gov Location: DocuSign Security Appliance Status: Connected Pool: StateLocal Storage Appliance Status: Connected Pool: City of Palo Alto Location: Docusign Signer Events Signature Timestamp Aylin Bilir Aylin.Bilir@paloalto.gov Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 165.225.242.124 Sent: 6/25/2025 11:10:19 AM Viewed: 6/25/2025 11:16:21 AM Signed: 6/25/2025 11:17:38 AM Electronic Record and Signature Disclosure: Not Offered via Docusign Lauren Lai Lauren.Lai@paloalto.gov Director Administrative Services/CFO COPA Security Level: Email, Account Authentication (None) Signature Adoption: Drawn on Device Using IP Address: 199.33.32.254 Sent: 6/25/2025 11:17:42 AM Viewed: 6/25/2025 12:31:46 PM Signed: 6/25/2025 12:31:53 PM Electronic Record and Signature Disclosure: Not Offered via Docusign Alan Kurotori Alan.Kurotori@paloalto.gov Director of Utilities City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 199.33.32.254 Sent: 6/25/2025 12:31:56 PM Viewed: 6/30/2025 3:27:01 PM Signed: 6/30/2025 3:27:10 PM Electronic Record and Signature Disclosure: Not Offered via Docusign Ed Shikada Ed.Shikada@paloalto.gov Ed Shikada City of Palo Alto Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 199.33.32.254 Sent: 6/30/2025 3:27:14 PM Viewed: 7/1/2025 7:56:09 AM Signed: 7/1/2025 7:56:17 AM Electronic Record and Signature Disclosure: Not Offered via Docusign Signer Events Signature Timestamp Ed Lauing Ed.Lauing@paloalto.gov Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 73.158.105.71 Sent: 7/1/2025 7:56:20 AM Viewed: 7/1/2025 12:24:19 PM Signed: 7/1/2025 12:24:56 PM Electronic Record and Signature Disclosure: Not Offered via Docusign Mahealani Ah Yun Mahealani.AhYun@paloalto.gov Security Level: Email, Account Authentication (None) Signature Adoption: Pre-selected Style Using IP Address: 217.61.175.43 Signed using mobile Sent: 7/1/2025 12:24:59 PM Viewed: 7/1/2025 3:13:23 PM Signed: 7/1/2025 3:13:56 PM Electronic Record and Signature Disclosure: Not Offered via Docusign In Person Signer Events Signature Timestamp Editor Delivery Events Status Timestamp Agent Delivery Events Status Timestamp Intermediary Delivery Events Status Timestamp Certified Delivery Events Status Timestamp Carbon Copy Events Status Timestamp Witness Events Signature Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 6/25/2025 11:10:19 AM Certified Delivered Security Checked 7/1/2025 3:13:23 PM Signing Complete Security Checked 7/1/2025 3:13:56 PM Completed Security Checked 7/1/2025 3:13:56 PM Payment Events Status Timestamps