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HomeMy WebLinkAbout2016-05-17 Finance Committee Agenda PacketFinance Committee 1 MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKET ARE AVAILABLE FOR PUBLIC INSPECTION IN THE CITY CLERK’S OFFICE AT PALO ALTO CITY HALL, 250 HAMILTON AVE. DURING NORMAL BUSINESS HOURS. May 17, 2016 Special Meeting Council Chambers 6:00 PM Agenda posted according to PAMC Section 2.04.070. Supporting materials are available in the Council Chambers on the Thursday 10 days preceding the meeting. PUBLIC COMMENT Members of the public may speak to agendized items. If you wish to address the Committee on any issue that is on this agenda, please complete a speaker request card located on the table at the entrance to the Council Chambers/Council Conference Room, and deliver it to the Clerk prior to discussion of the item. You are not required to give your name on the speaker card in order to speak to the Committee, but it is very helpful. Call to Order Oral Communications Members of the public may speak to any item NOT on the agenda. Action Items 6:00-6:15 PM 1.Staff Responses to Committee Questions From Budget Hearing Meetings 6:15-7:15 PM 3.Utilities Overview, Operating Budget pp. 403-410 a)Electric Fund i.Operating Budget pp. 411-424 ii.Capital Budget pp. 343-434 b)Fiber Optics Fund i.Operating Budget pp. 425-431 ii.Capital Budget pp. 435-454 c)Gas Fund i.Operating Budget pp. 432-443 ii.Capital Budget pp. 445-490 d)Wastewater Collection Fund i.Operating Budget pp. 444-453 ii.Capital Budget pp. 519-550 REVISED Capital Budget Book Operating Budget Book 2 May 17, 2016 MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKET ARE AVAILABLE FOR PUBLIC INSPECTION IN THE CITY CLERK’S OFFICE AT PALO ALTO CITY HALL, 250 HAMILTON AVE. DURING NORMAL BUSINESS HOURS. e) Water Fund i. Operating Budget pp. 454-466 ii. Capital Budget pp. 581-626 7:15-8:15 PM 2. General Fund Capital a) Buildings and Facilities, Capital Budget pp. 95-176 b) Parks and Open Space, Capital Budget pp. 177-242 c) Streets and Sidewalks, Capital Budget pp. 243-262 d) Traffic and Transportation, Capital Budget pp. 263-300 e) Cubberley Infrastructure, Capital Budget pp. 305-324 8:15-9:00 PM 4. Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt: 1) Resolution Approving the Fiscal Year 2017 Electric Financial Plan and Amending the Electric Utility Reserves Management Practices, and 2) Resolution Increasing Electric Rates by 11 Percent Effective July 1, 2016 by Amending the E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E-7-G, E-7 TOU, E-14, and E-16 Rate Schedules, and Repealing Rate Schedules E- 18 and E-18-G 9:00-9:30 PM 5. Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt: (1) Resolution Approving the Fiscal Year 2017 Gas Utility Financial Plan; and (2) Resolution Increasing Gas Rates by Amending Rate Schedules G-1 (Residential Gas Service), G-1-G (Residential Green Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), G-2-G (Residential Master-Metered and Commercial Green Gas Service), G-3 (Large Commercial Gas Service), G-3-G (Large Commercial Green Gas Service), G-10 (Compressed Natural Gas Service) and G-10-G (Compressed Natural Green Gas Service) 9:30-10:00 PM 6. Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt a Resolution Adopting a Net Energy Metering Successor Rate E-EEC-1 (Export Electricity Compensation), Establishing the Net Energy Metering Transition Policy, and Amending Rule and Regulation 2 (Definitions and Abbreviations) and 29 (Net Energy Metering and Interconnection) 3 May 17, 2016 MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKET ARE AVAILABLE FOR PUBLIC INSPECTION IN THE CITY CLERK’S OFFICE AT PALO ALTO CITY HALL, 250 HAMILTON AVE. DURING NORMAL BUSINESS HOURS. Future Meetings and Agendas Adjournment AMERICANS WITH DISABILITY ACT (ADA) Persons with disabilities who require auxiliary aids or services in using City facilities, services or programs or who would like information on the City’s compliance with the Americans with Disabilities Act (ADA) of 1990, may contact (650) 329-2550 (Voice) 24 hours in advance. Finance Committee Items Tentatively Scheduled Meeting Date Line No. Item Title Referral Date Please see Budget Hearing Calendar for May 6/7/2016 1 Commercial and Residential Impact Fee Nexus Studies and Review Ordinance to Adopt Housing Impact Fees (Planning) 2 Ordinance Updating the Purchasing Section of the Municipal Code (PAMC Chapter 2.30) to Streamline the Purchasing Process and Update Language (ASD) 6/21/2016 3 3rd Quarter FY2016 Financial Report (ASD) Finance Committee Items to be Scheduled Referral Date Line No. Item Title Status 2013 4 Police Services Utilization and Resources Study (Police) To be scheduled in 2016 5 Consideration of stronger encroachment fees for construction that impact portions or all of a city street or sidewalk (Public Works) 6 Cubberley Center Master Plan: Additional Information and a Timeline for the Site (requested by the FC) (City Manager) City of Palo Alto (ID # 6857) Finance Committee Staff Report Report Type: Action Items Meeting Date: 5/17/2016 City of Palo Alto Page 1 Summary Title: Electric Utility Financial Plan and Rate Changes Title: Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt: 1) Resolution Approving the Fiscal Year 2017 Electric Financial Plan and Amending the Electric Utility Reserves Management Practices, and 2) Resolution Increasing Electric Rates by 11 Percent Effective July 1, 2016 by Amending the E-1, E-2, E-2-G, E-4, E-4- G, E-4 TOU, E-7, E-7-G, E-7 TOU, E-14, and E-16 Rate Schedules, and Repealing Rate Schedules E-18 and E-18-G From: City Manager Lead Department: Utilities Recommendation Staff and the Utilities Advisory Commission (UAC) recommend that the Finance Committee recommend that the Council: 1. Adopt a resolution (Attachment A) amending the Electric Utility Reserve Management Practices and approving the fiscal year (FY) 2017 Electric Financial Plan (Attachment B); and 2. Adopt a resolution (Attachment D) amending Rate Schedules E-1 (Residential Electric Service), E-2 (Small Commercial Electric Service), E-2-G (Small Commercial Green Power Electric Service), E-4 (Medium Commercial Electric Service), E-4-G (Medium Commercial Green Power Electric Service), E-4 TOU (Medium Commercial Time of Use Electric Service), E 7 (Large Commercial Electric Service), E-7-G (Large Commercial Green Power Electric Service), E 7 TOU (Large Commercial Time of Use Electric Service), E-14 (Street Lights), and E-16 (Unmetered Electrical Service) and Repealing Rate Schedules E-18 (Municipal Electric Service) and E-18-G (Municipal Green Power Electric Service). Executive Summary The FY 2017 Electric Utility Financial Plan includes projections of the utility’s costs and revenues through FY 2023. Costs are projected to rise substantially for the next several years for several reasons. First, costs for electric supply purchases are increasing as a result of new renewable energy projects coming online. Increases in transmission costs are also projected. Substantial City of Palo Alto Page 2 additional capital investment in the electric distribution system is planned for FY 2017 through FY 2023, and operational costs are increasing. To offset these rising costs, an increase in sales revenues is required. An 11% rate increase is proposed for July 1, 2016, and another 10% increase is projected July 1, 2017. While staff would normally attempt to spread these rate increases across more than two years to reduce the single-year ratepayer impact, higher power supply purchase costs due to the drought have reduced operational and other reserves substantially, making this infeasible. Staff proposes various reserves transfers to limit the rate impact to 11%, as described later in this report. While 11% is the overall increase in sales revenues, actual rate increases for each customer class will differ as a result of rebalancing of the cost allocation between customer groups as determined by the new cost of service analysis (COSA). In anticipation of the July 1, 2016 rate change, staff hired EES Consulting to perform a COSA to determine the cost of service for various customer classes and what revenues should be collected from each group. The analysis showed that some customer groups are closer to cost of service than others, so some groups will experience increases higher than 11%, while others will see lower increases. In addition, customers with different consumption patterns will see different changes in their bills as a result of a restructuring of the rate design for some customer classes. In addition to the recommended rate and revenue changes, staff recommends a change to the Electric Utility Reserves Management Practices to modify the minimum and maximum guidelines for the CIP Reserve. Background Every year staff presents the Finance Committee with Financial Plans for its Electric, Gas, Water, and Wastewater Collection Utilities and recommends any rate adjustments required to maintain their financial health. These Financial Plans include a comprehensive overview of the utility’s operations, both retrospective and prospective, and are intended to be a reference for UAC and Council members as they review the budget and staff’s rate recommendations. Each Financial Plan also contains a set of Reserves Management Practices describing the reserves for each utility and the management practices for those reserves. Staff occasionally proposes amendments to these reserves as part of the Financial Plans. When the Financial Plan reveals that operational costs are increasing beyond sales revenues, staff typically recommends rate changes. These rates are designed to collect revenues equal to the cost to serve each customer or customer group. It is industry practice to periodically perform a COSA to ensure that a utility’s rates recover revenues equal to the costs to serve customers. This is particularly important for the electric utility due to changes to the state constitution that have taken place since the last time electric rates were changed on July 1, 2009. Since then, Proposition 26 (2010) amended the California Constitution, which defines all government-imposed charges, including electric rates, as taxes requiring voter approval, unless City of Palo Alto Page 3 certain exceptions are met. Cost-based electric rates may be adopted by the City Council. The COSA helps the utility ensure that rates match the cost to serve customers. Discussion Summary of Proposed Actions The two resolutions recommended for Council adoption will accomplish the following: 1. Increase overall electric rates by 11% effective July 1, 2016. 2. Align rates for individual rate classes with the attached COSA to ensure all ratepayers are charged according to the cost of serving them; 3. Approve various reserves transfers for FY 2016 and FY 2017; 4. Add a minimum charge to all rate schedules to ensure that, at minimum, the direct customer service costs are collected; 5. Modify the residential rate schedule to include two tiers instead of three; 6. Eliminate the municipal rate schedules, E-18 and E-18-G. All municipal customers will be moved to the appropriate commercial rate schedule; 7. Update street light and traffic signal rate schedules to reflect lighting and signal infrastructure currently installed, including LED lighting; and 8. Amend the Electric Utility Reserves Management Practices to modify the minimum and maximum guidelines for the CIP Reserve. Proposed and Projected Sales Revenue Requirement, FY 2017 through FY 2023 Table 1 shows the sales revenue increases needed to recover costs of operation over the forecast period in the FY 2017 Electric Financial Plan. Table 1: Projected Electric Rate Adjustments, FY 2017 to FY 2023 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 11% 10% 2% 0% 1% 0% 0% These sales revenue increases are for the utility as a whole, but the rate changes will differ for individual customer classes. Proposed rate increases for each customer class are discussed below. Changes from Prior Financial Forecasts This projection has changed since the FY 2016 Electric Utility Financial Plan presented last year. Staff has projected future electric rate increases for many years. Table 2 compares current rate projections to those projected in the last two year’s Financial Plans. As shown, the FY 2017 rate projections are higher than projected the last two years when the ongoing drought was not projected to be as long or severe as it has been, so the current rate increase projections are generally higher than in prior years. City of Palo Alto Page 4 Table 2: Projected Electric Rate Trajectory for FY 2017 to FY 2023 Projection FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Current (FY 2017 Financial Plan) 11% 10% 2% 0% 1% 0% 0% Last year (FY 2016 Financial Plan) 6% 6% 1% 1% 0% 0% 2% Two years ago (FY 2015 Financial Plan) 3% 3% 2% N/A N/A N/A N/A The original 6% rate increases were primarily related to increases in power supply purchase costs resulting from increasing transmission costs and the cost of renewable projects coming online. These same factors are driving the higher rate projections in the FY 2017 Electric Utility Financial Plan, but some additional operational and capital costs have been added. One key issue is the extent and duration of the ongoing drought, which has increased costs and drawn down reserves more than anticipated. Additionally, substantial additional capital investment in the electric distribution system is planned for FY 2017 through FY 2023, as is apparent in the FY 2017 Proposed Capital Budget. Operational costs are also increasing more than projected. This is partially due to an increase in allocated administrative overhead costs and partially due to deferred maintenance resulting from challenges in retaining staff in certain maintenance classifications. Even when large rate increases are needed, staff typically attempts to keep increases below 10% per year, but this is not possible for FY 2017 and FY 2018. The proposed rate increases for FY 2017 and FY 2018 might have been phased in more gradually with adequate reserves, but higher power supply purchase costs due to the drought have reduced operational and other reserves substantially. Because of lower output from hydroelectric resources, the City has had to purchase additional energy in the markets, and the cost of these market power purchases have come from reserves. As a result, these reserves cannot be used to phase in the rate increases over more years as they have served to insulate ratepayers from cost increases experienced in the last two years. This Financial Plan still contains some measures to mitigate the impact on ratepayers, however. The July 1, 2016 rate increases would have to be substantially higher without a proposed transfer from the Supply Rate Stabilization Reserve (see below). In addition, this Financial Plan allows the Supply Operations Reserves to be up to $3.9 million below the minimum Supply Operations Reserve level for FY 2017 through FY 2020. To keep the Supply Operations Reserve above the minimum guideline, a 14% rate increase would be required in FY 2017. Staff recommends allowing Supply Operations Reserves to temporarily go below minimums for two reasons: first, due to the presence of a strong El Niño condition in the Pacific Ocean, spring rains have improved the forecasted hydroelectric generation, which will likely result in higher reserves at year-end FY 2016 than originally projected. Second, the presence of the $51 million Electric Special Projects Reserve means that a relatively small temporary shortfall in the Supply City of Palo Alto Page 5 Operations Reserve should not affect the Electric Utility’s bond ratings. In the event the drought continues, staff will re-evaluate its projections for FY 2018 and may recommend additional rate increases or the adoption of a hydroelectric rate adjuster. Note that the Financial Plan’s Reserves Management Practices allow the Operations Reserve to fall below the minimum guideline level as long as the plan provides for replenishing the reserve over time. Rate Changes by Customer Class Table 3 shows the sales revenue changes needed for each customer class. All recommended sales revenue changes and the rates used to recover that revenue are based on the cost of service methodology established in the attached “City of Palo Alto Electric Cost of Service and Rate Study” by EES Consulting, Inc. (Attachment C), the COSA. As mentioned above, while total sales revenue needs to increase 11% for FY 2017, the increase in sales revenue is different for each customer class. This is a result of changes in consumption patterns since the last rate change. The relationship between changes in consumption patterns and rate increases can be counterintuitive. For a detailed discussion of the relationship between changing consumption patterns and the rate increases for each customer class, see the section of the attached COSA titled “Cost of Service Results,” page 25. Table 3: Revenue Changes Required for Each Customer Class Customer Class Projected FY 2016-17 Revenues under Rates Currently in Effect FY 2016-17 Revenue Requirement Per COSA Revenue Increase needed E-1 (Residential) $18,406,003 $20,785,989 13% E-2 (Small Non-Residential) 9,421,113 10,019,138 6% E-4 (Medium Non-Residential) 38,382,821 42,680,642 11% E-7 (Large Non-Residential) 41,216,279 42,441,354 3% E-18 (Municipal) 3,044,789 4,463,490 47%1 E-14/E-16 (Street/Traffic Lights) 60,477 2,097,367 3368%2 Total Sales Revenue Requirement $110,531,481 $122,487,979 11% Table 4 shows the rates that will be used to recover the sale revenues for each customer class The Municipal (E-18) rate class, the Street Lighting (E-14) class, the Non-Metered Service (E-16) class, and the E-4 and E-7 Time of Use (TOU) rates are not shown in the table, but can be seen in the attached COSA (Attachment C). These three schedules are omitted for various reasons: the Municipal class is recommended for repeal as of July 1, 2016, the E-14 and E-16 rate schedules are not easy to summarize, and the E-4 and E-7 TOU rates are not easy to summarize and are only used by one customer. 1 This rate class is recommended for repeal. Customers in this class will be moved to the E-2, E-4, and E-7 customer classes. 2 This increase in revenue will primarily come from expanding the billing of street lights and traffic signals to cover all lights and signals rather than through rate increases. City of Palo Alto Page 6 Note that many of the components of the rate schedules are being realigned. For example, tiers two and three of the E-1 residential rate schedule are being combined, and summer and winter energy rates for non-residential customers are being realigned. This means that the rate changes will have different effects on customers depending on their consumption patterns. These realignments are needed to accurately collect the costs of serving these customer groups. Both the tier structure and the amount of energy included in Tier 1 are changing. The new Tier 1 allowance is based on the year-round baseload usage of the median customer. The second tier represents peak consumption and the costs associated with that peak. Another significant change to the rate schedules is the addition of a minimum charge. Palo Alto’s current electric rates are very unusual among California utilities, since Palo Alto is one of the only electric utilities without a fixed or a minimum charge. A minimum charge, unlike a fixed charge, is only incurred when a customer’s bill falls below a minimum level, and it has less of an impact on low and medium energy users than a fixed charge. A minimum charge ensures the collection of revenue to cover the direct costs of operations that are incurred regardless of how low usage is. This includes items like customer billing, meter reading, accounting, and certain types of distribution costs. For E-1 customers, this charge is around $9.21/month, equal to roughly 85 kWh of consumption per month. Roughly 7% of residential customers have bills lower than 85 kWh at one time or another throughout the year, but only 2% of residential customers have such low bills on an ongoing basis. City of Palo Alto Page 7 Table 4: Electric Rates (Current and Proposed) Current Rates Proposed Rates (7/1/16) Change $ % E-1 (Residential) Tier 1 Energy ($/kWh) 0.09524 0.11029 0.01505 16% Tier 2 Energy ($/kWh) 0.1302 0.16901 0.03881 30% Tier 3 Energy ($/kWh) 0.17399 0.169011 (0.00498) -3% Minimum Charge ($/day) - 0.3067 0.3067 E-2 (Small Non-Residential) Summer Energy ($/kWh) 0.14045 0.16845 0.02800 20% Winter Energy ($/kWh) 0.12661 0.11445 (0.01216) -10% Minimum Charge ($/day) - 0.7657 0.7657 E-4 (Medium Non-Residential) Summer Energy ($/kWh) 0.08171 0.10229 0.02058 25% Winter Energy ($/kWh) 0.07318 0.08049 0.00731 10% Summer Demand ($/kW) 20.54 19.68 (0.86) -4% Winter Demand ($/kW) 13.84 14.04 0.20 1% Minimum Charge ($/day) - 16.3216 16.3216 E-7 (Large Non-Residential) Summer Energy ($/kWh) 0.07808 0.08749 0.00941 12% Winter Energy ($/kWh) 0.07209 0.06242 (0.00967) -13% Summer Demand ($/kW) 18.97 18.34 (0.63) -3% Winter Demand ($/kW) 11.54 15.65 4.11 36% Minimum Charge ($/day) - 48.5054 48.5054 1 Proposed E-1 Rates have two tiers Table 5 shows the impact of the proposed July 1, 2016 rate changes (excluding any drought surcharges) on the residential and non-residential bills for various consumption levels. While the overall rate change for the residential class is roughly 13%, bills will increase more for residents with lower electric usage than those with higher usage. City of Palo Alto Page 8 Table 5: Impact of Proposed Electric Rate Changes on Customer Bills Rate Schedule Usage (kwh/mo) Bill under Current Rates ($/mo) Bill Under Rates Proposed 7/1/16 ($/mo) Change $/mo % E-1 300 28.57 33.09 4.51 16% (Summer Median) 330 32.48 36.39 3.92 12% (Winter Median) 453 48.49 57.18 8.69 18% 650 76.33 90.48 14.14 19% 1200 172.03 183.43 11.40 7% E-2 1,000 134 142 8 6% E-4 160,000 18,364 21,553 2,167 11% E-7 500,000 43,319 43,862 1,318 3% E-7 2,000,000 216,594 219,310 6,591 3% Figure 1 shows an estimate of the impacts of the proposed rate changes on customers at various income levels. Income is shown as a percentage of Palo Alto median income ($172,000 for a single-family customer and $133,000 for a multi-family customer).3 The estimate assumes that customers in the lowest incomes levels4 are on the City’s Rate Assistance Program (RAP). There are roughly 700 RAP customers in Palo Alto, 400 in multi-family dwellings and 300 in single-family dwellings. Currently the large majority of customers pay 1% or less of their income for electricity. These rate increases and redesigns will increase that by roughly 15%-18% for most customer classes (e.g. from 1% of income to 1.15% of income), and will not affect low-income customers substantially differently than higher income customers even though, on average, customers in the City’s RAP use less electricity than other customers. Customers in multi-family homes mostly consume electricity in the first tier, and they will see a smaller rate increase than customers in single-family homes because the first tier is increasing by a smaller percentage than the second tier. This comparison holds true both for RAP customers and non-RAP customers. Even with these increases, Palo Alto still provides an economic electricity service to low-income utility customers. In neighboring Mountain View, for example, which is served by PG&E, a single family customer with an income level that would qualify them for RAP in Palo Alto (HUD Very 3 The median income for Palo Alto is based on the U.S. Census’s American Community Survey (ACS). This survey does not break down income between single- and multi-family housing, but does break it down by income levels. Therefore, this estimate assumes that income levels for customers in multi-family units roughly match the ACS income levels for a two person household (the average household size for multi-family dwellings in Palo Alto), while the single-family customers match the ACS income levels for a three person household. 4 Very Low ($42,550 /$47,850 for a two / three person household) or Extremely Low ($25,550 /$28,750 for a two / three person household) under the Federal Department of Housing and Urban Development’s income guidelines for Santa Clara County City of Palo Alto Page 9 Low income) would pay 1.6% of their income for electric service5, as compared to 1.2% in Palo Alto. In addition, Public Utilities Code 386 requires all publicly owned utilities (like Palo Alto) to ensure that low-income families have access to affordable electricity. This requirement is fulfilled through the City’s RAP and Residential Energy Assistance Program (REAP). Figure 1: Impact of Rate Changes on Customers of Various Income Levels Staff also analyzed the impacts of the proposed cost-based rate changes on existing solar customers, particularly the impact of the minimum bill. The minimum bill would have some impact on residential customers who have already installed solar and are on the City’s net metering rate. For the majority of solar customers (57%) the annual impact would be less than $30. For nearly 80% of customers the annual impact would be less than $80 per year. The remaining customers pay little or nothing for their annual electric bill. These customers would pay $81-$120 per year under the proposed rate structure. Staff also analyzed the impacts of the minimum charge and rate changes on prospective solar net energy metering customers. For the average customer in Palo Alto, the proposed rate 5 Calculated using PG&E E-1 CARE rate. City of Palo Alto Page 10 changes actually reduce the payback period.6 This is because the increases in the Tier 1 and Tier 2 rates increased the bill savings for the average customer and reduced it for the highest users, offsetting the impact of the minimum bill. For the highest use customers, the payback period would increase. Customers would see substantial savings from installing solar even as they contribute to their portion of the utility’s costs of serving them via the minimum bill and rate changes, as shown in Table 6. Customers looking to optimize their return on investment (shorten the payback period) might avoid oversizing their systems and may install systems that generate a bit less than 100% of their annual usage. This is the strategy already undertaken by the large majority of solar customers, so the minimum bill is unlikely to have a major impact on new installations. With solar prices continuing to fall and future customers benefitting from the recent extension of the Investment Tax Credit, staff is confident that the minimum bill will not significantly affect the growth of rooftop solar in Palo Alto. Table 6: Sample Solar Customer Bill Under Proposed Rates and Minimum Bill Month 1. Total Energy Consumption (kWh) 2. Solar Energy Production (kWh) 3. Monthly Bill with Solar Under NEM 4. Monthly Bill Without Solar January 700 327 $43 $99 February 602 314 $32 $82 March 531 519 $10 $70 April 459 610 $9 $58 May 442 704 $10 $55 June 441 659 $9 $55 July 465 711 $10 $59 August 447 582 $10 $56 September 465 551 $9 $59 October 471 467 $10 $60 November 477 348 $9 $61 December 592 299 $10 $81 Total: 6,092 6,092 $169 $796 Cost of Service Analysis and Rate Study The rates discussed in the previous section are based on the cost of service methodology established in the attached “City of Palo Alto Electric Cost of Service and Rate Study” by EES Consulting, Inc. (Attachment C). This section provides a brief overview of that methodology and the resulting rate design changes. More detail is available in the report itself. A typical COSA has three steps: 1. Establish the revenue requirement. This involves breaking the City’s costs into industry- standard categories and calculating the amount of sales revenue to be recovered. 6 Payback period refers to the number of years until the savings from the solar installation equals the initial cost. City of Palo Alto Page 11 2. Cost of service analysis. This step establishes the cost responsibility of each customer class. Costs are allocated based on cost causation. For example, costs such as power supply are driven by total annual energy consumption and are allocated to each customer class based on that class’s annual energy use. Other costs are driven by peak demand, number of customers, or other types of allocations. This step of the analysis generated the customer class revenue requirements shown in Table 2, above. 3. Rate Study. In this step, rates are designed to recover the revenues for each customer class calculated in Step 2. Most importantly in this step rates must be based on the cost to serve customers, though staff has also attempted to take into account City policy goals. The design of the rates generated by the COSA and proposed for July 1, 2016 adoption is very similar to the current rates. Residential rates are tiered, while non-residential rates are seasonal, and larger non-residential customers are subject to demand charges. However, there are a number of design changes that were needed to ensure rates matched the cost to serve customers:  The E-1 residential rates have gone from three tiers to two. Two tiers are needed to capture differences in commodity costs and seasonal capacity needs, but not three.  The Tier 1 allowance for the E-1 rate has gone from 10 kWh per day to 11 kWh per day. This was based on an analysis of residential baseload energy use.  A minimum charge has been added to all rate classes. This ensures that at minimum the direct costs of providing customer service, metering, and billing are recovered.  The E-18 (Municipal) rate class has been repealed. Customers in this class shared similar characteristics to the E-2, E-4, and E-7 nonresidential classes, and will be moved to those classes.  The E-14 (Street Lighting) rate schedule has been updated to apply to all street lights served by the electric utility, and to reflect current street light inventories.  The E-16 (Unmetered Electric Service) rate schedule has been updated to remove traffic signal rates. Since the City is the only customer these rates currently apply to, it is simpler to bill the City directly for traffic signal maintenance rather than calculate separate rates. The COSA and rate study largely align with the “Design Guidelines for the 2015 (Phase One) Electric Utility Cost of Service Analysis” adopted by the Council on September 15, 2015 (Staff Report 6061). Some additional work may be required to fulfill some of the guidelines. Each guideline is listed in Table 7 below, as well as the way in which the proposed rates align with the guidelines. Table 7: Implementation of COSA Design Guidelines Guideline Implementation City of Palo Alto Page 12 Table 7: Implementation of COSA Design Guidelines Guideline Implementation 1. Rates must be based on the cost to serve customers. This is the overriding principle for the COSA; all other rate design considerations are subsidiary to this basic premise. The COSA and Rate Design study is based on the cost to serve customers. The methodology used is detailed in the report (Attachment C). 2. For this cost of service study, and to the extent feasible, energy charges should be based on existing rate structures. This includes: a. A tiered rate design structure for residents b. A flat general service rate for small non- residential users c. A flat demand and energy rate for large non-residential users Proposed residential rates are based on a two tiered rate design structure. Small non-residential rates are a flat seasonal rate. Large non-residential rates have flat seasonal demand and energy components. 3. The COSA should involve a review of all existing rate schedules for inclusion in the COSA or repeal. All rate classes were reviewed except the voluntary E-1 TOU schedule (also see note regarding E-15 schedule in Section 8, below). Analysis of the voluntary E-1 TOU rate schedule will follow in the fall. Only one adjustment was made to the other rate classes: the E-18 (Municipal) and E-18-G (Municipal Green) rates are recommended for repeal. 4. The COSA should take into account the impact of rate designs on electric vehicles and electric heating customers, and should investigate: a. the extent to which these customers have different load profiles from other residential customers; and b. the extent to which existing rate designs should be adjusted for these differing load profiles Staff did not have enough time to complete this analysis and still meet the July 1, 2016 rate adoption goal. However, some of the concerns behind this guideline centered on the impact of the third tier on these types of customers. The elimination of the third tier from the residential rates and the increase in the first tier daily energy allowance should alleviate these impacts. 5. The COSA should evaluate the need for a minimum charge. The proposed rate designs include a minimum charge to ensure that the direct costs of customer service, billing, meter reading, and some types of distribution costs are collected from all customers. 6. A hydroelectric rate adjustment mechanism should be evaluated. Staff did not have enough time to complete this analysis in time to have rates available for a July 1, 2016 rate adoption date, but intends to bring this to the UAC and Council in the fall of 2016. City of Palo Alto Page 13 Table 7: Implementation of COSA Design Guidelines Guideline Implementation 7. The COSA should evaluate the impact of rate designs on the economics of local solar for current and future customers and should be coordinated with an analysis of long-term solar policies to be put into effect after the existing net energy metering tariff reaches capacity. See discussion earlier in this report for impacts on existing and prospective net energy metering customers. Staff is developing a successor to the net energy metering program to take effect once the net energy metering cap is reached. Staff has established a set of guidelines for this analysis (see Staff Report 6473), and will bring the results to the Council in the spring of 2016. The economics of solar under the proposed rates will be evaluated in that report. 8. A connection fee study should be performed and policies regarding residential transformer upgrades should be reviewed, either as part of the COSA or as part of a parallel analysis. The COSA methodology should be coordinated with any potential connection fee changes or policy changes. The E-15 Rate Schedule lists the City’s Connection Fees. Staff did not have enough time to complete this analysis in time to have rates available for a July 1, 2016 rate adoption date, but intends to bring this to the UAC and Council in the fall of 2016. 9. The impact of any proposed changes on low income customers should be evaluated Completed, see Figure 1. Reserves Transfers, FY 2016 and FY 2017 The FY 2017 Electric Utility Financial Plan includes several proposed reserves transfers, shown in Table 8. These reserves transfers have a variety of purposes, but overall they enable the revenue trajectory projected in the Electric Utility Financial Plan. Without these transfers additional rate increases would be required. City of Palo Alto Page 14 Table 8: FY 2016 and FY 2017 Reserves Transfers Fiscal Year Transfer Amount Transfer From Transfer To Purpose FY 2016 $5.6 million Hydroelectric Stabilization Reserve Supply Operations Reserve Funds additional market energy purchases in FY 2016. These purchases were required because hydroelectric output was lower than average due to drought. $2.0 million Supply Operations Reserve Distribution Operations Reserve Ensures Distribution Operations Reserve is above minimum guidelines at the end of FY 2016. $5.6 million CIP Reserve Distribution Operations Reserve Minimum guidelines for the CIP Reserve are recommended to be reduced, and some of the funds used to fund additional FY 2016 capital investment. FY 2017 $5.4 million Supply Rate Stabilization Reserve Supply Operations Reserve This transfer allows the City to reduce the July 1, 2016 rate increases, delaying part of the rate increase to July 1, 2017. Up to $9.0 million Hydroelectric Stabilization Reserve Supply Operations Reserve Funds additional market energy purchases that may be needed if hydroelectric output is lower than average due to continuing drought. Up to $4.5 million Supply Operations Reserve Distribution Operations Reserve Keeps Distribution Operations Reserve above minimum guidelines. Proposed Changes to Electric Utility Reserves Management Practices The proposed FY 2017 Electric Utility Financial Plan includes one change to the Electric Utility Reserves Management Practices (see Appendix B of the Financial Plan). In the FY 2016 Electric Utility Financial Plan, the CIP Reserve was modified to be the working capital reserve for the CIP Program. This change was in response to modifications of the accounting process for the CIP program that were made during the FY 2016 budget process. At the time, the minimum and maximum guidelines were set at six months and one year of budgeted capital investment, respectively. Staff is proposing to amend these guidelines, so the minimum guideline is 60 days and the maximum 120 days. This is in line with the Government Finance Officer’s Association guidelines for operational reserves and with the requirements for the electric utility’s other operational reserves. Electric Bill Comparison with Surrounding Cities Table 9 compares electric bills under current rates as of February 1, 2016 for residential customers to those in surrounding communities. Under current rates, CPAU’s customer bills are far below PG&E’s and are lower than others for commercial customers, but slightly higher than Santa Clara’s for higher using residential customers. City of Palo Alto Page 15 Table 9: Residential Electric Bill Comparison ($/month) As of February 1, 2016 Customers Usage (KWh/mo) Palo Alto (Current) Palo Alto (Proposed) PG&E Santa Clara Roseville Residential Customers 300 28.57 33.09 54.45 34.16 53.79 330 (Summer Median) 32.48 36.39 62.05 36.65 56.97 453 (Winter Median) 48.49 57.18 88.13 52.21 70.00 650 76.33 90.48 142.09 75.47 98.61 1200 172.03 183.43 333.61 140.38 185.21 Commercial Customers 1,000 134 142 202 175 139 160,000 18,364 21,553 23,348 19,961 20,029 500,000 43,319 43,862 64,325 61,120 49,694 2,000,000 216,594 219,310 272,313 236,299 188,852 Commission Review and Recommendation On April 12, 2016 the UAC reviewed the staff proposal and voted unanimously to approve it after some in-depth discussion. Most of the discussion centered on two topics: first, whether there were alternatives to Staff’s proposal for street lighting, and second, whether there was any approach to the residential rate design that would preserve the current three tier system. Staff stated they had not found any cost of service alternatives to the street lighting proposal, and that the proposed two tier system was the cost of service proposal staff and the consultant were able to develop that came closest to the existing three tier system. The draft minutes from the UAC’s April 12, 2016 meeting are provided as Attachment F. Timeline If the Finance Committee recommends approval of the staff proposal, the City Council will consider the recommendations with the FY 2017 budget. Resource Impact The proposed July 1, 2016 rate changes are projected to increase sales revenues by $12 million per year over the forecast period. The repeal of the E-18 (Municipal) rate schedule will increase the annual electricity costs to enterprise funds by $253,000 (12% increase) and the cost to the General Fund by $361,000 (39% increase). The modifications to the E-14 (Street Lighting) schedule will increase costs to the General Fund by $2.0 million, and the cost for traffic signal maintenance services will increase costs to the General Fund by $233,000. City of Palo Alto Page 16 Policy Implications The proposed electric rate adjustments were developed using a cost of service study and methodology. The attached Financial Plan includes amended Reserve Management Practices that will modify Council policy with respect to the structure of the financial reserves of the Electric Utility. These Reserve Management Practices replace the current Reserve Management Practices, which were last adopted by Council in June 2015 (Resolution 9521). Environmental Review The Finance Committee’s review and recommendation to Council on the FY 2017 Electric Financial Plans and rate adjustments does not meet the California Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. Attachments:  Attachment A: Resolution of the Council of the City of Palo Alto Approving the FY 2016 Electric Utility Financial Plan and Amending the Electric Utility Reserves Management Practices (PDF)  Attachment B: Proposed FY 2016 Electric Utility Financial Plan and Electric Utility Reserves Management Practices (PDF)  Attachment C: Report from EES Consulting Titled “City of Palo Alto Electric Cost of Service and Rate Study” (2016) (PDF)  Attachment D: Resolution of the Council of the City of Palo Alto Adopting an Electric Rate Increase and Amending and Repealing Various Electric Rate Schedules (PDF)  Attachment E: Proposed Amendments to Rate Schedules E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E-7-G, E-7 TOU, E-14, and E-16 (PDF)  Attachment F: Excerpted Draft UAC Minutes of April 12, 2016 (PDF) Attachment A NOT YET APPROVED 160330 jb 6053708 Resolution No. _________ Resolution of the Council of the City of Palo Alto Approving the FY 2017 Electric Utility Financial Plan and Amending the Electric Utility Reserves Management Practices 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 Plans to summarize these projections. B. The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserves Management Practices attached to and made part of the Financial Plans. C. The City intends to make changes to its Electric Utility Reserves Management Practices to amend the management practices of the Electric Utility’s Capital Improvement Program (CIP) Reserve. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby approves the FY 2017 Electric Utility Financial Plan, including the amended Electric Utility Reserves Management Practices. These Reserves Management Practices replace the Reserves Management Practices previously approved for the Electric Utility as part of the FY 2016 Electric Utility Financial Plan (Resolution 9521). SECTION 2. The Council hereby approves the transfer of $5.6 million in FY 2016 from the Hydro Stabilization Reserve to the Supply Operations Reserve, $2.0 million in FY 2016 from the Supply Operations Reserve to the Distribution Operations Reserve, the transfer of $5.6 million in FY 2016 from the CIP Reserve to the Distribution Operations Reserve, the transfer of $5.4 million from the Supply Rate Stabilization Reserve to the Supply Operations Reserve in FY 2017, up to $9.0 million from the Hydroelectric Stabilization Reserve to the Supply Operations Reserve in FY 2017, and up to $4.5 million from the Supply Operations Reserve to the Distribution Operations Reserve in FY 2017, as described in the FY 2017 Electric Utility Financial Plan approved via this resolution. / / / / / / Attachment A NOT YET APPROVED 160330 jb 6053708 SECTION 3. The Council finds that the adoption of this resolution does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065, and therefore, no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services FY 2017 ELECTRIC UTILITY FINANCIAL PLAN FY 2017 TO FY 2023 ATTACHMENT B 2 | P a g e FY 2017 ELECTRIC UTILITY FINANCIAL PLAN FY 2017 TO FY 2023 TABLE OF CONTENTS Section 1: Definitions and Abbreviations................................................................................ 4 Section 2: Executive Summary and Recommendations ........................................................... 5 Section 2A: Overview of Financial Position .................................................................................. 5 Section 2B: Summary of Proposed Actions .................................................................................. 6 Section 3: Detail of FY 2017 Rate and Reserves Proposals ....................................................... 7 Section 3A: Rate Design ............................................................................................................... 7 Section 3B: Current and Proposed Rates ..................................................................................... 7 Section 3C: Reserves Management Practices, Proposed Change ................................................ 7 Section 3D: Proposed Reserve Transfers ..................................................................................... 8 Section 4: Utility Overview .................................................................................................. 10 Section 4A: Electric Utility History ............................................................................................. 11 Section 4B: Customer Base ........................................................................................................ 13 Section 4C: Distribution System ................................................................................................. 13 Section 4D: Cost Structure and Revenue Sources ...................................................................... 14 Section 4E: Reserves Structure ................................................................................................... 15 Section 4F: Competitiveness ...................................................................................................... 16 Section 5: Utility Financial Projections ................................................................................. 18 Section 5A: Load Forecast .......................................................................................................... 18 Section 5B: FY 2009 to FY 2015 Cost and Revenue Trends ........................................................ 19 Section 5C: FY 2015 Results ....................................................................................................... 20 Section 5D: FY 2016 Projections ................................................................................................ 20 Section 5E: FY 2017 – FY 2023 Projections ................................................................................ 21 3 | P a g e Section 5F: Risk Assessment and Reserves Adequacy ............................................................... 23 Section 5G: Long-Term Outlook ................................................................................................. 27 Section 6: Details and Assumptions ..................................................................................... 30 Section 6A: Electricity Purchases ............................................................................................... 30 Section 6B: Operations .............................................................................................................. 32 Section 6C: Capital Improvement Program (CIP) ....................................................................... 33 Section 6D: Debt Service ............................................................................................................ 34 Section 6E: Equity Transfer ........................................................................................................ 35 Section 6F: Wholesale Revenues and Other Revenues .............................................................. 36 Section 6G: Sales Revenues ....................................................................................................... 36 Section 7: Communications Plan .......................................................................................... 37 Appendices ......................................................................................................................... 38 Appendix A: Electric Utility Financial Forecast Detail ................................................................ 39 Appendix B: Electric Utility Reserves Management Practices ................................................... 43 Appendix C: Description of Electric utility Operational Activities .............................................. 48 Appendix D: Samples of Recent Electric Utility Outreach Communications .............................. 49 4 | P a g e SECTION 1: DEFINITIONS AND ABBREVIATIONS CAISO California Independent System Operator CARB California Air Resources Board CIP Capital Improvement Program CPAU City of Palo Alto Utilities Department CPUC California Public Utilities Commission CVP Central Valley Project GWh a gigawatt-hour, equal to 1,000 MWh or 1,000,000 kWh. Commonly used for discussing total monthly or annual electric load for the entire city, or the monthly or annual output of an electric generator. kWh a kilowatt-hour, the standard unit of measurement for electricity sales to customers. kW a kilowatt, a unit of measurement used in reference a customer’s peak demand (the highest 15 minute average consumption level in a month), which is used for billing large and mid-size commercial customers. kV a kilovolt, one thousand volts, a unit of measurement of the voltage at which a section of the distribution system operates. The transmission system operates at 115-500 kV, and this is lowered to 60 kV in the subtransmission section of the Electric Utility’s distribution section, then 12 kV or 4 kV in the rest of the distribution system, and finally 120, 240, or 480 volts at the electric outlet. MWh a megawatt-hour, equal to 1,000 kWh. Commonly used for measuring wholesale electricity purchases. MW a megawatt, equal to 1,000 kW. Commonly used when discussing maximum electricity demand for all customers in aggregate. PG&E Pacific Gas and Electric REC Renewable Energy Certificate RPS Renewable Portfolio Standard Subtransmission System: The section of the Electric Utility’s distribution system that operates at 60 kV and which interfaces with PG&E’s transmission system. Transmission System: Sections of the electric grid that operate at high voltages, generally 115 kV or more. The voltage at the intersection of the Electric Utility’s distribution system and PG&E’s transmission system is 115 kV. The Electric Utility does not own or operate any transmission lines. UCC Utility Control Center SCADA Supervisory Control and Data Acquisition system, the system of sensors, communications, and monitoring stations that enables system operators to monitor and operate the system remotely. WAPA, or Western: Western Area Power Administration, the agency that markets power from CVP hydroelectric generators and other hydropower owned by the Bureau of Reclamation. 5 | P a g e SECTION 2: EXECUTIVE SUMMARY AND RECOMMENDATIONS This document presents a Financial Plan for the City’s Electric Utility for the next seven fiscal years. This Financial Plan describes how revenues will cover the costs of operating the utility safely over that time while adequately investing for the future. It also addresses the financial risks facing the utility over the short term and long term, and includes measures to mitigate and manage those risks. SECTION 2A: OVERVIEW OF FINANCIAL POSITION The Electric Utility’s costs will increase substantially over the next few years, as shown in Table 1. Most of the increases are related to electric supply costs, which are increasing due to increased transmission costs and the cost of new renewable energy projects coming online. There are also inflationary increases in Operations costs, and some additional capital investment costs. Table 1: Electric Utility Expenses for FY 2015 to FY 2023 Expenses ($000) FY 2015 (actual) FY 2016 (est.) FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Power Supply Purchases 80,022 75,705 86,378 88,524 89,131 90,304 89,637 88,543 89,919 Operations 47,611 52,170 52,923 53,922 54,579 55,277 56,076 56,898 58,696 Capital Projects 12,713 16,989 27,652 22,058 26,649 15,868 16,320 16,785 17,263 TOTAL 140,346 144,864 166,953 164,504 168,710 161,450 162,034 161,225 165,877 To cover these increases in costs, revenues (and therefore rates) need to increase over the next several years to balance costs and revenues, as shown in Table 2. The table also compares current rate projections to those projected in last year’s Financial Plan. The rate projections are higher this year than last year primarily due to the continued drought that has required additional electric supply purchases to replace hydroelectric supplies. Table 2: Projected Electric Rate Trajectory for FY 2017 to FY 2023 Projection FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Current 11% 10% 3% 0% 1% 0% 2% Last Year 6% 6% 1% 1% 0% 0% 2% Table 3 shows the projected reserve transfers over the forecast period. The Supply Rate Stabilization Reserve is projected to be drawn down entirely by the end of FY 2017. Funds are projected to be transferred from the Electric Special Projects (ESP) Reserve to the Operations Reserve to fund smart grid projects included in the long term CIP budget. Funds are projected to be drawn from the Hydro Stabilization Reserve in FY 2017 and FY 2018 due to lower than average hydroelectric generation, though this projection is subject to change with weather conditions. It should be noted that the smart grid costs included in the forecast are 6 | P a g e placeholders, as are the transfers from the ESP Reserve. Any transfers from the ESP Reserve require Council approval. Table 3: Reserves Transfers for FY 2016 to FY 2023 ($000) Reserve FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 to FY 2023 Supply Reserves Electric Special Projects (151) (333) (3,750) - Hydro Stabilization (5,600) (9,000) (2,400) - - Supply Rate Stabilization 9,000* (5,411) - - - Supply Operations 3,600 14,562 2,733 3,750 - Distribution Reserves Capital Improvement Program (5,600) Distribution Operations 7,700 - - - - * A $9 million transfer from the Supply Rate Stabilization Reserve to the Supply Operations Reserve was approved by Council when it adopted the FY 2016 Electric Utility Financial Plan SECTION 2B: SUMMARY OF PROPOSED ACTIONS Staff proposes the following actions for the Electric Utility in FY 2016: 1. Complete the proposed FY 2016 reserves transfers described Section 3D: Proposed Reserve Transfers. Staff proposes the following actions for the Electric Utility in FY 2017: 1. Complete the proposed FY 2017 reserves transfers described in Section 3D: Proposed Reserve Transfers. 2. Increase rates effective July 1, 2016 to generate an 11% increase in sales revenues. 3. Amend the Electric Utility Reserves Management Practices to modify the minimums and maximums for the CIP Reserve. Note that while the projected rate increases and reserves transfers in this FY 2017 Financial Plan are adequate to recover costs over the forecast period, the Supply Operations Reserves are projected to be as much as $3.9 million below the minimum Supply Operations Reserve level for FY 2017 through FY 2020. Staff still recommends proceeding with this plan for two reasons: first, due to the presence of a strong El Niño condition in the Pacific Ocean, there is a chance of high spring rains that may change this forecast, resulting in higher reserves, and second, the presence of the Electric Special Projects Reserve with a balance of $51 million means that a small temporary shortfall in the Supply Operations Reserve should not affect the Electric Utility’s financial health and bond ratings. In the event drought continues, staff will re- evaluate its projections for FY 2018 and may recommend additional rate increases or the adoption of a hydroelectric rate adjuster. 7 | P a g e SECTION 3: DETAIL OF FY 2017 RATE AND RESERVES PROPOSALS SECTION 3A: RATE DESIGN The Electric Utility’s current rate structure and methodology are consistent with the cost of service analysis (COSA) update in 2007 by Boris Metrics. Staff is completing a new COSA with revised rates to become effective July 1, 2016. The new COSA is based on design guidelines adopted by Council on September 15, 2015 (Staff Report 6061). SECTION 3B: CURRENT AND PROPOSED RATES The current rates were adopted on July 1, 2009, when CPAU increased electric rates by 10%. Table 4, below, summarizes the current rates for the four largest customer classes. The Electric Utility also has specialty rates for smaller groups of customers. These include variations on its primary rates, such as time of use rates, the PaloAltoGreen rates, and solar net metering. Another specialty rate is the E-18 municipal electric rate. Table 4: Current Electric Rates (Adopted July 1, 2009) Rate Component Units E-1 (Residential) E-2 (Small Commercial) E-4 (Medium Commercial) E-7 (Large Commercial) Demand (Summer) $/kW N/A N/A 20.54 18.97 Demand (Winter) $/kW N/A N/A 13.84 11.54 Energy (Summer) Tier 1 $/kWh 0.09524 0.14045 0.08171 0.07808 Tier 2 $/kWh 0.13020 N/A N/A N/A Tier 3 $/kWh 0.17399 N/A N/A N/A Energy (Winter) Tier 1 $/kWh Same as summer energy 0.12661 0.07318 0.07209 Tier 2 $/kWh N/A N/A N/A Tier 3 $/kWh N/A N/A N/A Tier amounts: Tier 1 kWh/day 0-10 N/A N/A N/A Tier 2 kWh/day 11-20 N/A N/A N/A Tier 3 kWh/day >20 N/A N/A N/A Staff proposes an 11% overall increase in revenue along with changes in rate design and changes in the allocation of costs between customer classes to ensure that the rates are based on the cost of service for each customer group. These proposals are detailed in the consultant report titled “City of Palo Alto Electric Cost of Service and Rate Study,” by EES Consulting (2016). SECTION 3C: RESERVES MANAGEMENT PRACTICES, PROPOSED CHANGE Staff proposes one change to the Electric Utility Reserves Management Practices (See Appendix B: Electric Utility Reserves Management Practices) in this Financial Plan. Staff recommends 8 | P a g e revising the CIP Reserve minimum to be 60 days of capital expenses, with a maximum of 120 days of expenses, which aligns with the Government Financial Officers of America rule of thumb for operating reserves and the minimum and maximum guidelines for the Distribution Operations Reserve. Staff recommends transferring $5.6 million from the CIP Reserve to the Distribution Operations Reserve. Also see Section 3D: Proposed Reserve Transfers. SECTION 3D: PROPOSED RESERVE TRANSFERS In the FY 2016 Electric Financial Plan Council approved a $9 million transfer from the Supply Rate Stabilization Reserve to the Supply Operations Reserve. Staff proposes the following additional transfers in FY 2016:  Transfer $5.6 million from the Hydroelectric Stabilization Reserve fund to the Supply Operations Reserve to cover additional costs associated with low hydroelectric generation due to the drought.  Transfer $2.0 million from the Supply Operations Reserve to the Distribution Operations Reserve to ensure reserve adequacy in the Distribution Operations Reserve.  Transfer $5.6 million from the CIP Reserve to the Distribution Operations Reserve as part of the change to Reserves Management Practices described above. For FY 2017, staff proposes the following transfers:  Transfer $5.4 million from the Supply Rate Stabilization Reserve to the Supply Operations Reserve. This transfer is to enable the City to spread necessary long term rate increases over multiple years to reduce the short-term impact on ratepayers.  Transfer up to $9.0 million from the Hydroelectric Stabilization Reserve to offset potential costs associated with low hydroelectric generation. Some or all of this transfer may be unnecessary if weather conditions change, but if drought continues, this transfer will enable the City to fund the associated additional energy costs.  Transfer up to $4.5 million from the Supply Operations Reserve to the Distribution Operations Reserve if necessary to ensure reserve adequacy in the Distribution Operations Reserve. The impact of these transfers on reserves levels can be seen in Figure 8 (for Supply Fund Reserves) and Figure 9 (for Distribution Fund Reserves) in Section 5E: FY 2017 – FY 2023 Projections. Table 5 shows the projected balance of each of the Electric Utility reserves for the period covered by this Financial Plan. The projected balances are also provided in. Appendix A: Electric Utility Financial Forecast Detail 9 | P a g e Table 5: End of Fiscal Year Electric Utility Reserve Balances for FY 2016 to FY 2023 Ending Reserve Balance ($000) FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Reappropriations - - - - - - - - Commitments 3,102 3,102 3,102 3,102 3,102 3,102 3,102 3,102 Underground Loan 730 730 730 730 730 730 730 730 Public Benefits 2,574 2,700 2,790 2,799 2,717 2,545 2,434 2,374 Special Projects 51,838 51,535 51,383 51,050 47,300 47,300 47,300 47,300 Hydro Stabilization 17,000 11,400 2,400 0 0 0 0 0 Capital 0 2,864 2,864 2,864 2,864 2,864 2,864 2,864 Rate Stabilization 14,411 5,411 0 0 0 0 0 0 Operations 22,498 22,734 22,015 22,281 24,814 27,033 30,783 34,269 Unassigned 0 0 0 0 0 0 0 0 TOTAL 112,153 100,476 85,284 82,827 81,528 83,574 87,214 90,639 10 | P a g e SECTION 4: UTILITY OVERVIEW This section provides an overview of the utility and its operations. It is intended as general background information to help readers better understand the forecasts in Section 5: Utility Financial Projections and 11 | P a g e Section 6: Details and Assumptions. SECTION 4A: ELECTRIC UTILITY HISTORY On January 16, 1900, Palo Alto began operating its own electric system. One of the earliest sources of Palo Alto's electricity was a steam engine, which was later replaced by a diesel engine in 1914 due to rising fuel oil costs. As the population and the demand for electricity continued to grow, CPAU connected to PG&E’s system in the early 1920s. Power from PG&E proved more economical than the diesel engines, and by the late 1920s CPAU was using its own diesel engines only during peak demand periods. At that time CPAU owned 45 miles of distribution lines and the City used 9.7 GWh annually, less than 1% of today’s annual consumption. The diesel engines remained in operation until 1948, when they were retired. From 1950 to 1970 electric consumption in Palo Alto grew dramatically, just as it did throughout the rest of the country. In 1970 total annual sales were 602 GWh, twenty times the sales in 1950 (30 GWh). Some of that growth was related to a development boom in Palo Alto, which doubled the number of customers. Some was related to the proliferation of electric appliances, as evidenced by the fact that residential customers were using three times more electricity in 1970 than they had been in 1950. But the most notable factor was the growth of industry in Palo Alto during that time. By 1970, commercial customers were using 20 times more electricity per customer than they had been in 1950. These decades also saw several other notable events, including:  1964: CPAU entered into a favorably priced 40-year contract with the Federal Bureau of Reclamation to purchase power from the Central Valley Project (CVP), a contract which later was managed by the Western Area Power Administration (WAPA) an office of the Department of Energy created in the 1970s to market power from various hydroelectric projects operated by the Federal Government, including the CVP.  1965: The City began a long-term program to underground its overhead utility lines (Ordinance 2231).  1968: Palo Alto joined several other small municipal utilities to form the Northern California Power Agency (NCPA), a joint action agency intended to make the group less vulnerable to actions by private utilities and to enable investment in energy supply projects. Palo Alto’s first new power plant investment in over 50 years came in the mid-80s. Palo Alto joined other NCPA members to invest in the construction and operation of the Calaveras Hydroelectric Project on the Stanislaus River in the Sierra-Nevada Mountains. The project commenced operation in 1990. The 1980s also saw an increased focus on infrastructure maintenance. In 1987 the UCC was built to house the terminals for a new SCADA system, which enabled utility staff to monitor the distribution system in real time, improving response time to outages. CPAU also commenced a preventative maintenance and planned replacement program for its underground system in the early 1990s. 12 | P a g e In the early 1990s the CPUC issued a ruling to deregulate the electric industry in California, and in 1996 the State legislature passed Assembly Bill 1890, which, among other things, created the California Independent System Operator (CAISO) to operate the transmission system and the Power Exchange to facilitate wholesale energy transactions. This restructuring was anticipated to bring lower costs to consumers, and while CPAU was not required to participate in the industry restructuring, in 1997 the Council approved a Direct Access Program for the Electric Utility1 that enabled CPAU to sell electricity outside its service territory and allowed customers within CPAU’s service territory to choose other providers. The utility unbundled its electric rates, creating separate supply and distribution components, which would enable customers to receive only distribution service while purchasing the electricity itself from another provider. The energy crisis in 2000 to 2001 led to the suspension of direct access by the CPUC in September 2001 as wholesale energy prices skyrocketed. The Electric Utility was less impacted than other utilities by the 2000 to 2001 energy crisis thanks to the Calaveras project and its contract with WAPA for CVP hydropower. In 2001 CPAU began planning for the impacts associated with the new terms of its contract with WAPA, set to take effect in 2005. The previous contract had provided 90% of Palo Alto’s power supply at favorable rates, and PG&E, as a party to the contract, had provided supplemental power to balance the monthly and annual variability of CVP generation. The new contract would provide only a third of Palo Alto’s requirement, and the monthly and annual variability in CVP generation would be passed directly to Palo Alto. As a result, electric supply costs would increase and CPAU needed to more actively managing its supply portfolio. CPAU began purchasing power from marketers and also investigated building a power plant in Palo Alto or partnering in the development of a gas-fired power plant elsewhere. Climate change was also becoming more of a concern to the community, and gradually CPAU shifted its focus to the procurement of renewable energy. In 2002 CPAU adopted a goal of achieving 20% of its energy supply from renewables by 2015. Subsequently CPAU signed its first contract for renewable power, a contract for energy from a wind generator commencing deliveries in 2005. In 2011 the renewable energy goal was increased to at least 33% by 2015, and in 2013 the City adopted a plan to make its electric supply 100% carbon neutral, which it achieves through the combination of its carbon-free hydroelectric supplies, purchases of long-term renewable energy supplies, and short-term renewable energy purchases (RECs) to meet the balance of its needs. 1 Implementation of Direct Access for Electric Utility Customers, CMR:460:97, December 1, 1997 13 | P a g e Figure 1: Customer Base (FY 2015) Residential 16% Small Comm 8% Med Comm 32% Large Comm 41% Municipal 3% SECTION 4B: CUSTOMER BASE The City of Palo Alto’s Electric Utility provides electric service to the residents, businesses, and other electric customers in Palo Alto. There are roughly 29,300 customers connected to the electric system, 26,400 (90%) of which are residential and 2900 (10%) of which are non- residential. Residential customers consumed 173 gigawatt-hours (GWh) in FY 2015, approximately 18% of the electricity sold, while non-residential customers consumed 82% or 763 GWh. Residential customers use electricity primarily for lighting, refrigeration, electronics, and air conditioning.2 Non-residential customers use the majority of their electricity for cooling, ventilation, lighting, office equipment (offices), cooking (restaurants), and refrigeration (grocery stores).3 As shown in Figure 1 large customer loads represent a larger proportion of sales for the Electric Utility than they do for the City’s other utilities. The largest customers (the 66 customers on the E-7 rate schedule) account for over 40% of CPAU’s sales. The next largest customer group (the 740 commercial customers on the E-4 rate schedule) represents another 32% of sales. In total, that means that less than 3% of customers account for nearly three quarters of the electric load. SECTION 4C: DISTRIBUTION SYSTEM The Electric Utility receives electricity at a single connection point with PG&E’s transmission system. From there the electricity is delivered to customers through nearly 470 miles of distribution lines, of which 223 miles (48%) are overhead lines and 245 miles (52%) are underground. The Electric Utility also maintains six substations, roughly 2,000 overhead line transformers, 1,075 underground and substation transformers, and the associated electric services (which connect the distribution lines to the customers’ homes and businesses). These lines, substations, transformers, and services, along with their associated poles, meters, and 2 Source: Residential Appliance Saturation Survey, California Energy Commission, 2010 3 Source: Statewide Commercial End Use Study, California Energy Commission report, 2006. 14 | P a g e Figure 2: Cost Structure (FY 2015) Figure 3: Hydroelectric Variability (FY 2016) 0% 20% 40% 60% 80% 100% 120% 140% Low Hydro Average High Hydro Surplus Hydro (sales) Market Power/RECs Hydro Renewables Load Figure 4: Revenue Structure (FY 2015) other associated electric equipment, represent the vast majority of the infrastructure used to deliver electricity in Palo Alto. SECTION 4D: COST STRUCTURE AND REVENUE SOURCES As shown in Figure 2, electric commodity purchases accounted for roughly 55% of the Electric Utility’s costs in FY 2015. Operational costs represented roughly 31%, and capital investment was responsible for the remaining 10%. CPAU’s non-hydro long-term commodity supply is heavily dependent on long-term contracts which have little variability in price. On average, costs for these long-term contracts are not predicted to increase as quickly as operations and CIP costs, and will steadily become a smaller proportion of the Electric Utility’s costs. Commodity supply costs are projected to be roughly 47% of total costs in FY 2023. While average year purchase costs for the electric utility are predictable due to its long- term contracts, variability in hydroelectric generation can result in increased or decreased costs. This is by far the largest source of variability the utility faces. Figure 3 shows the difference in costs under high, average, and low hydroelectric generation scenarios. Additional costs associated with a very low generation scenario can range from $10-12 million per year. For the current hydroelectric risk assessment see Section 5F: Risk Assessment and Reserves Adequacy. As shown in Figure 4 the Electric Utility receives 87% of its revenue from sales of electricity and the remainder from connection fees, interest on reserves, cost recovery transfers from other funds for shared services provided by the electric utility, and other sources. Some revenue sources are primarily accounting entries that reflect things such as CPAU’s participation in a pre-funding program associated with its contract with WAPA, as well 15 | P a g e as accounting entries associated with occasional sales of surplus hydroelectric energy during wet years. Without these entries sales revenues represent roughly 93% of total revenues. Appendix A: Electric Utility Financial Forecast Detail shows more detail on the utility’s cost and revenue structures. As discussed in Section 4B: Customer Base, nearly three quarters of the utility’s electricity sales are to the 800 largest customers, which provide a similar share of the utility’s revenue stream. The utility’s retail rate schedules have no fixed charges, although about 25% of the utility’s revenue comes from peak demand charges on large commercial customers. Due to moderate weather and the prevalence of natural gas heating, however, loads (and therefore revenues) are very stable for this utility, without the large seasonal air conditioning or winter heating loads seen at some other utilities. SECTION 4E: RESERVES STRUCTURE CPAU maintains several reserves for its Electric Utility to manage various types of contingencies. It also maintains two funds, the Supply Fund and the Distribution Fund, to manage costs associated with electricity supply and electricity distribution, respectively. This separation of supply and distribution costs was established as the City prepared to allow its customers a choice of electricity providers (referred to as “Direct Access”) back in the late 1990s and early 2000s. Though the 2000/2001 energy crisis halted these plans, CPAU continues to maintain separate funds to facilitate separation of supply and distribution costs in the rates. This could be important in case California ever decides to reintroduce Direct Access, and may also be useful for rate design as the nature of utility services evolves in response to higher penetrations of distributed generation. The various reserves are summarized below, but see Appendix B: Electric Utility Reserves Management Practices for more detailed definitions and guidelines for reserve management:  Reserves for Commitments: Reserves equal to the utility’s outstanding contract liabilities for the current fiscal year. Most City funds, including the General Fund, have a Commitments Reserve.  Reserves for Reappropriations: Reserves for funds dedicated to projects reappropriated by the City Council, nearly all of which are capital projects. Most City funds, including the General Fund, have a Reappropriations Reserve. This is currently an important reserve for all utility funds, but changes in budgeting practices will change that in future years, as described in Section 3C (Reserves Management Practices, Proposed Change).  Electric Special Projects (ESP) Reserve: This reserve was formerly called the Calaveras Reserve, which was accumulated during deregulation of California’s electric system to fund the stranded costs associated primarily with the Calaveras hydroelectric resource and the California-Oregon Transmission Project. When that reserve was no longer needed for that purpose, the reserve was renamed and the purpose was changed to 16 | P a g e fund projects with significant impact that provide demonstrable value to electric ratepayers.  Hydroelectric Stabilization Reserve: This contingency reserve is used for managing additional costs due to below average hydroelectric generation, or to hold surpluses resulting from above average hydroelectric generation.  Underground Loan Reserve: This reserve is an accounting tool used to offset receivables associated with loans made through the underground loan program. It is adjusted according to principal payments made on those loans.  Public Benefits Reserve: CPAU’s electric rates include a separate charge called the “Public Benefits Charge” which generates revenue to be used for energy efficiency, demand-side renewable energy, research and development, and low-income energy efficiency services. Any funds not expended in the current year are added to the Public Benefits Reserve for use in future years.  Capital Improvement Program (CIP) Reserve: The CIP reserve is used to provide working capital and contingency funds for the CIP program, as well as to accumulate funds for major future one-time expenditures. This type of reserve is used in other utility funds (Electric, Gas, and Wastewater Collection) as well.  Supply and Distribution Rate Stabilization Reserves: These reserves are intended to be empty unless one or more large rate increases are anticipated in the forecast period. In that case, funds can be accumulated to spread the impact of those future rate increases across multiple years. This type of reserve is used in other utility funds (Gas, Wastewater Collection, and Water) as well.  Supply and Distribution Operations Reserves: These are the primary contingency reserves for the Electric Utility, and are used to manage yearly variances from budget for operational costs and electric supply costs (aside from variances related to hydroelectric generation). This type of reserve is used in other utility funds (Gas, Wastewater Collection, and Water) as well.  Unassigned Reserves (Supply/Distribution): As in the other utility funds, these reserves are for any financial resources not assigned to the other reserves and are normally empty. SECTION 4F: COMPETITIVENESS For the median consumption level the annual residential electric bill for calendar year 2015 was $513.17 under current CPAU rates, 36% lower than the annual bill for a PG&E customer with the same consumption and 9% lower than the annual bill for a City of Santa Clara customer. The bill calculations for PG&E customers are based on PG&E Climate Zone X, which includes most surrounding comparison communities. Table 6 presents sample median residential bills for Palo Alto, PG&E, and the City of Santa Clara (Silicon Valley Power) for several usage levels. Rates used to calculate the monthly bills shown below were in effect as of January 1, 2016. Note that rates for PG&E customers increased 17 | P a g e substantially on that date, and with rates currently in effect, the bill for the median residential user is roughly 45% below PG&E’s rates. Over the next several years low usage customers in PG&E territory are expected to continue to see higher percentage rate increases than high usage customers as PG&E compresses its tiers from the highly exaggerated levels that have been in place since the energy crisis. This is likely to make the bill for the median Palo Alto consumer look even more favorable compared to most PG&E customers. Even with the compressed tiers, bills for high usage Palo Alto consumers are likely to remain substantially lower than the bills for high usage PG&E customers. The bill calculations show bills under the existing rates, not the proposed July 1, 2016 rates. However, even with the proposed rate increases, Palo Alto’s residential bills will remain substantially below PG&E’s current rates, but slightly above Santa Clara’s. Table 6: Residential Monthly Electric Bill Comparison (Effective 1/1/16, $/mo) Season Usage (kwh) Palo Alto PG&E Santa Clara Winter (December) 300 28.57 54.45 34.16 (Median) 453 48.49 88.39 52.21 650 76.33 142.09 75.47 1200 172.03 333.61 140.38 Summer (July) 300 28.57 54.45 34.16 (Median) 330 32.48 62.05 36.65 650 76.33 148.02 75.47 1200 172.03 339.84 140.38 Table 7 shows the average monthly electric bill for commercial customers for various usage levels. Bills for small commercial customers in Palo Alto are 37% below what they would be in PG&E territory and 20% below what they would be in Santa Clara (Silicon Valley Power). For large commercial customers, rates are 30% to 35% below PG&E’s and are 4% to 10% lower than Santa Clara’s. Even with the proposed rate increases, Palo Alto’s commercial bills will remain substantially below PG&E’s, and below Santa Clara’s for most commercial customers. Table 7: Commercial Monthly Electric Bill Comparison (1/1/16, $/mo) Usage (kwh/mo) Palo Alto PG&E Santa Clara 1,000 134 212 167 160,000 18,364 27,221 19,228 500,000 43,319 66,152 47,913 2,000,000 216,594 311,640 234,322 18 | P a g e SECTION 5: UTILITY FINANCIAL PROJECTIONS SECTION 5A: LOAD FORECAST Figure 5 shows a 40-year history of Palo Alto electricity consumption. Average electricity consumption grew from 1986 to 1998, then returned to 1986 levels by 2002. Since then electricity consumption has declined slowly as a result of a continuing focus on energy efficiency, as well as the adoption of more stringent appliance efficiency standards and energy standards in building codes. Figure 5: Historical Electricity Consumption Figure 6 shows the forecast of electricity consumption through FY 2023, as well as what electricity consumption would have been without energy efficiency rebates, appliance efficiency standards, stricter building codes, and rooftop solar photovoltaic (PV) generation. The forecast assumes that current trends continue and sales through the forecast period decline slightly. As of the end of December 2015, net metered PV installations in Palo Alto provided roughly 1% of the total electricity consumed in the City. The Council-adopted Local Solar Plan’s goal is to increase the energy generated by local solar to 4% of the City’s needs by 2023. 19 | P a g e Figure 6: Forecasted Electricity Consumption SECTION 5B: FY 2009 TO FY 2015 COST AND REVENUE TRENDS The annual expenses for the Electric Utility declined between FY 2009 and FY 2012, as shown in Figure 7 and the tables in Appendix A: Electric Utility Financial Forecast Detail . These decreases were partly related to declines in electricity market prices due to the impact of shale gas and partly due to above average output from hydroelectric resources. These factors are discussed in more detail in Section 6A: Electricity Purchases. Since FY 2012, total expenses for the utility have been increasing as renewable resources come online. In FY 2014 through FY 2015 costs were higher due to lower than average output from hydroelectric resources. Commodity costs are responsible for most of the changes in the utility’s expenses over the last six years. Operational costs and capital investment increased at less than 1% per year over that time. 20 | P a g e Figure 7: Electric Utility Expenses, Revenues, and Rate Changes: Actual Costs through FY 2015 and Projections through FY 2023 SECTION 5C: FY 2015 RESULTS In spring of 2014 staff recommended no rate change for July 1, 2014, the start of FY 2015. Although staff forecast a $5.7 million deficit for FY 2015 without a rate change, reserves were adequate to absorb this deficit. However, drought conditions worsened in the spring of 2014 and continued through the winter of 2014/2015, resulting in a deficit of $17.0 million for FY 2015. The increased deficit was entirely related to the low output from hydroelectric resources, which necessitated electricity market purchases to replace the lower than expected hydroelectric energy. SECTION 5D: FY 2016 PROJECTIONS In spring of 2015, staff recommended (and Council approved) no rate change for July 1, 2015, the start of FY 2016. Based on hydroelectric conditions at the time, staff forecasted a $10.3 million deficit for FY 2016. This deficit was primarily related to low hydroelectric output, and was to be funded from the Operations and Hydroelectric Stabilization reserves. Staff’s current 21 | P a g e forecast for FY 2016 is for a deficit of $20.1 million, $9.8 million more than forecasted in spring of 2015. This change is mainly related to two factors: 1) capital improvement program costs have increased by roughly $7 million, and 2) energy costs have increased by roughly $3 million due to continuing drought and resulting low hydroelectric generation. The $7 million increase in CIP costs is largely related to the delay of projects from previous fiscal years to FY 2016 rather than mid-year adjustments requesting new funding. Staff proposes partially funding this portion of the deficit using a $5.6 million transfer from the CIP Reserve, which contains $8.4 million collected in previous fiscal years to fund capital projects. The additional $3 million related to energy costs would be funded from the Hydroelectric Stabilization Reserve. These transfers are discussed in Section 3D: Proposed Reserve Transfers. SECTION 5E: FY 2017 – FY 2023 PROJECTIONS As shown in Figure 7 above, costs for the Electric Utility are projected to increase in FY 2017 and level off in subsequent years. Revenues will have to increase 11% in FY 2017 and another 10% in FY 2018 to keep up with these cost increases. The increases are primarily related to electricity purchase costs, which have been increasing since FY 2013 and will continue to increase through FY 2018 as new renewable projects come online to fulfill the City’s environmental goals and as transmission costs increase. Operations costs are expected to increase substantially in FY 2017 to begin catching up on deferred maintenance, but subsequently are expected to increase at or below the inflation rate (2-3 %/year) through the forecast period. Projected capital expenses for FY 2017 through FY 2023 are $30 million higher than last year’s forecast due mostly to several large one-time projects, some customer driven, but also due to an increase in spending on system improvements. The increased costs are partially offset by $13.4 million in revenue from reimbursements associated with those projects. Aside from those one-time costs, capital expenses are projected to increase in FY 2017 and then stay roughly level through the forecast period. This forecast also assumes that smart grid costs are funded from the Electric Special Projects Reserves. Reserves trends based on these revenue projections are shown in Figure 8 (for Supply Fund reserves) and Figure 9 (for Distribution Fund reserves), below. The Supply Rate Stabilization Reserve is projected to be empty by the end of FY 2016. Assuming the projected increases in revenue, the Distribution Operations reserve will remain adequate through the forecast period, comfortably above minimum levels and adequate to meet all identified risks. The Supply Operations Reserve, however, is forecasted to be below minimum levels. This is discussed in more detail in Section 5F: Risk Assessment and Reserves Adequacy. With respect to the Hydro Stabilization Reserve, these projections assume average rainfall next winter, although hydro generation is still predicted to be below average due to low reservoir levels. The current forecast does not take into account potential rainfall associated with El Niño conditions in the spring of 2016, nor potential drought in the 2016/2017 year, which may follow the El Niño conditions of 2016. This scenario may help reserves, hurt reserves, or have little net effect depending on the associated rainfall levels. 22 | P a g e Figure 8: Electric Utility Reserves (Supply Fund): Actual Reserve Levels through FY 2015 and Projections through FY 2023 Figure 9: Electric Utility Reserves (Distribution Fund): Actual Reserve Levels through FY 2015 and Projections through FY 2023 23 | P a g e SECTION 5F: RISK ASSESSMENT AND RESERVES ADEQUACY The Electric Utility currently has two contingency reserves, the Supply Operations Reserve and the Distribution Operations Reserve. This Financial Plan maintains reserves in excess of the reserve minimum for the Distribution Operations Reserve throughout the forecast period. Reserve levels also exceed the short-term risk assessment level for the Distribution Fund. The Supply Operations Reserve, however, may end up below minimum levels and below the short- term risk assessment level. There are a variety of risks associated with the Supply Fund as are shown in Table 8. Because of the high range of uncertainty in energy price predictions more than three years in the future, this risk assessment is only performed for the first two fiscal years of the forecast period. It is important to note that the likelihood of all of these adverse scenarios occurring simultaneously and to the degree described in Table 8 is very low. Table 8: Electric Supply Fund Risk Assessment Categories of Electric Supply Cost Uncertainties Estimates of Adverse Outcomes (M$) Notes FY 2017 FY 2018 1. Load Net Revenue 1.2 1.3 Revenue loss from load decreases (net of reduction in energy purchases) 2. Production from Hydroelectric Resources: Western & Calaveras 3.4 2.4 Lower than forecasted hydro 3. Renewable Production: Landfill & Wind 0.5 2.1 Additional cost of renewable output that is higher than forecasted 4. Carbon Neutral Cost 0.1 - Higher than forecasted market prices for RECs 5. Market Price (Energy) 1.1 0.5 Higher than forecasted market prices for energy 6. Local Capacity 0.4 0.7 Higher than forecasted market prices for local capacity 7. Transmission/CAISO 2.8 3.0 High-end transmission forecast scenario 8. Plant Outage 1.0 1.0 Uninsured losses from Calaveras plant outage 9. Western Cost 3.0 3.5 Risk of rate adjustments from Western Electric Supply Fund Risks $13.6 million $14.3 million Projected Supply Operations + Hydro Stabilization Reserve Levels $16.4 million $12.8 million Of the risks faced by the Electric Utility’s Supply Fund in FY 2016, the risk of a dry year with very low hydroelectric output is normally the largest, accounting for nearly half the total cost of all adverse outcomes. Since the utility’s costs for its hydroelectric resources are almost entirely fixed, costs do not decline when the output of those resources are low, but the utility needs to buy power to replace the lost output. The converse happens when hydroelectric output is higher than average. However, for FY 2017 and FY 2018, lower than average hydroelectric output is already expected, so the adverse risk is smaller than usual. Risks associated with hydroelectric output account for $3.4 million (25%) of FY 2017 contingencies. 24 | P a g e Of the remaining risks for FY 2017, $2.8 million (20%) is related to the projected costs if transmission cost increases are higher than staff’s current forecast. Another $3.0 million (22%) is related to the possibility of drought-related changes to Western rates for CVP hydropower, and $1.1 million (8%) is related to fluctuations in market prices for capacity, energy, and RECs. As shown in Figure 10, the Supply Operations Reserve will drop below the minimum reserve guidelines by as much as $3.9 million over the course of the forecast period. In addition, as shown in Figure 11, the combined hydro stabilization and supply operations reserves will drop below the risk assessment level. It is acceptable under the Electric Utility Reserves Management Practices to drop below minimum reserve guidelines so long as Council approves the Financial Plan. Staff recommends proceeding with this plan for two reasons: first, due to the presence of a strong El Niño condition in the Pacific Ocean, there is a chance of high spring rains that may change this forecast, resulting in higher reserves, and second, the presence of the $51 million Electric Special Projects Reserve means that a small temporary shortfall in the Supply Operations Reserve should not affect the Electric Utility’s bond ratings. In the event drought continues, staff will re-evaluate its projections for FY 2018 and may recommend additional rate increases or the adoption of a hydroelectric rate adjuster. Figure 10: Electric Supply Operations Reserve Adequacy 25 | P a g e Figure 11: Adequacy of Supply Operations and Hydro Stabilization Reserves, Combined Table 9 summarizes the risk assessment calculation for the Distribution Operations Reserve through FY 2021. As shown in Figure 12, the Distribution Operations Reserve will stay within the reserve guidelines over the course of the forecast period. The risk assessment includes the revenue shortfall that could accrue due to: 1. Lower than forecasted sales revenue; and 2. An increase of 10% of planned system improvement CIP expenditures for the budget year. Table 9: Electric Distribution Fund Risk Assessment ($000) FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Total non-commodity revenue $49,651 $52,233 $52,275 $52,237 $53,804 Max. revenue variance, previous ten years 8% 8% 8% 8% 8% Risk of revenue loss $3,919 $4,122 $4,126 $4,123 $4,246 CIP Budget $27,652 $22,058 $26,649 $15,868 $16,320 CIP Contingency @10% $2,765 $2,206 $2,665 $1,587 $1,632 Total Risk Assessment value $6,684 $6,328 $6,791 $5,710 $5,879 26 | P a g e Figure 12: Electric Distribution Operations Reserve Adequacy As shown in Figure 13, the CIP Reserve is projected to be well within the proposed revised minimum and maximum guidelines over the forecast period. While the Reserve is above maximum levels in later years, CIP Commitments are nearly impossible to project that far out, and adjustments to the reserve can be made in future years. 27 | P a g e Figure 13: Electric Distribution Operations Reserve Adequacy SECTION 5G: LONG-TERM OUTLOOK This forecast covers the period from FY 2017 through FY 2023, but various long-term developments may create new costs for the utility over the next 5 to 35 years. While it is challenging to accurately forecast the impact these events will have on the utility’s costs, it is worth noting them as future milestones and keeping them in mind for long-term planning purposes. For the supply portfolio, the 2020s will see a number of notable events. The contract with Western for power from the CVP will expire in 2024. Determining the future relationship with Western after 2024 will be important in the years leading up to the contract expiration, especially because this resource represents nearly 40% of the electric portfolio, and is the utility’s largest source of carbon-free electricity. The utility’s three earliest and lowest cost renewable contracts will also begin expiring around that time, with the first contract expiring in 2021 and the last in 2028. These three contracts, plus one more expiring in 2030, currently provide 17% to 18% of the energy for the utility’s supply portfolio at prices under $65 per megawatt-hour (MWh). It is difficult to know what renewable energy prices will be when those 28 | P a g e contracts expire. Although recent prices have been in that range (or even lower), and costs may decrease in the future, current renewable projects also benefit from a wide range of tax and other incentives that may or may not be available in the 2020s and beyond. However, staff is in the process of procuring a replacement for the contract expiring in 2021 at a lower price than any of the City’s current renewable contracts. The costs of the Calaveras hydro project will also change in the 2020s, with debt service costs dropping by half in 2025 as some of the debt is paid off, and all debt retired by the end of 2032 (assuming no new debt is issued). The project will only be 40 years old at that time. Calaveras debt service represents roughly 70% of the annual costs of that project (and nearly 7% of the utility’s total costs), so when the debt is retired, the project could be a low-cost asset for the utility, providing carbon-free energy equal to 13% of the Electric Utility’s supply needs in an average year. Another factor that may affect the utility’s supply costs in the long run is carbon allowance revenue. Currently the Electric Utility receives $3 to 5 million per year in revenue from allocated carbon allowances under the State’s cap-and-trade program. It uses that revenue to pay for energy efficiency and to purchase renewable energy to support the utility’s Carbon Neutral Plan. That revenue source is expected to continue through 2020, but there is no provision for the continuation of these allocations past 2020. If the Electric Utility no longer received these allowances, it would have to fund these programs from sales revenues. Transmission costs are also continuing to rise. If the State continues to increase mandates or incentives for renewable energy development, integrating these new projects into the transmission grid will be an ever increasing challenge, some costs of which will be borne by Palo Alto. The planned expansion of the CAISO to a larger regional grid control area may result in additional transmission costs that could further increase CPAU’s transmission costs. In addition to the costs of new transmission lines that will need to be built, flexible resources will be required to balance rapid changes in wind or solar output throughout the day. Palo Alto will likely bear some of the costs of these new lines and resources. CPAU is also currently investigating installing a second transmission interconnection for Palo Alto, which could be funded by the Electric Special Projects reserve. Over the next several years the Electric Utility will continue to execute its usual monitoring, repair, and replacement routine for the distribution system, but will also begin the rollout of various smart grid technologies. The utility continues to monitor the growth of electric vehicle ownership and gas-to-electric fuel switching in Palo Alto. In the next 10 to 20 years, these factors may begin to create notable increases in electric consumption and have a variety of impacts on the distribution system. As housing stock is turned over, however, stricter building codes may help to counteract load growth, as may increasing numbers of rooftop solar installations. The utility has already started to take some of these factors into account in its long-term planning processes, but will need to continue to incorporate them into its planning methodologies. 29 | P a g e Looking out toward 2050 and beyond, if the State were to adopt climate goals consistent with Executive Orders S-3-05 and B-16-2012 (with a goal of reducing GHG emissions to 80 percent below 1990 levels by 2050), or if similar (or more aggressive) local goals were adopted, it is conceivable that electricity could replace natural gas and petroleum almost entirely. Many, if not most, vehicles would use electricity, though hydrogen is another potential fuel source under development and other technologies might be developed. Initial analysis of these types of scenarios is being undertaken in the context of the Sustainability and Climate Action Plan (S/CAP) development process. These types of scenarios require careful planning for the associated load growth to make sure the distribution system did not end up overloaded, or conversely, to avoid overinvestment. 30 | P a g e SECTION 6: DETAILS AND ASSUMPTIONS SECTION 6A: ELECTRICITY PURCHASES As shown in Figure 14 the utility gets roughly 50% of its energy from hydroelectric projects in a normal year (FY 2014 and FY2015 were dry). Contracts with renewable sources made up just over 20% of the portfolio in FY 2015, and are projected to rise to roughly 50% in FY 2017. The remainder comes from unspecified market sources. Under the City’s Carbon Neutral Plan, CPAU purchases RECs corresponding to the amount of market energy it purchases. Figure 14: Electricity Supply by Source 31 | P a g e Figure 15 shows the historical and projected costs for the electric supply portfolio,4 as well as average and actual hydroelectric generation.5 Electric supply costs decreased in FY 2010 and FY 2011 due to decreases in market prices related to shale gas. In addition, FY 2009 was a dry year with low hydroelectric production, so FY 2010 and FY 2011 looked better by comparison. Costs increased in FY 2013, FY 2014, and FY 2015 due to the drought, which reduced the amount of generation from hydroelectric resources. Costs are projected to decrease slightly in FY 2016 due to slightly higher hydroelectric generation, and may decrease substantially depending on rainfall. Even if hydroelectric generation returns to normal levels, costs will increase in FY 2017 due to increases in renewable energy costs as various renewable projects come online to fulfill the City’s carbon neutral and RPS goals. Transmission charges are also projected to increase as new transmission lines are built throughout California to accommodate new renewable projects. In total, electric supply costs are projected to increase to $75.2 million by FY 2018, at which point all currently contracted renewable projects will be online. Supply costs are only projected to change slightly in subsequent years. 4 Costs are shown net of wholesale revenues, and cannot be directly compared with the electric supply purchase figures shown in Appendix Error! Reference source not found. (Error! Reference source not found.). 5 Average hydroelectric generation increased in January of 2015 due to an increase in the utility’s contractual share of the output of the CVP Federal hydropower project. 32 | P a g e Figure 15: Electric Supply Portfolio Costs, Historical and Projected SECTION 6B: OPERATIONS CPAU’s Electric Utility operations include the following activities:  Administration, including financial management of charges allocated to the Electric Utility for administrative services provided by the General Fund and for Utilities Department administration, as well as debt service and other transfers. Additional detail on Electric Utility debt service is provided in Section 6D (Debt Service)  Customer Service  Engineering work for maintenance activities (as opposed to capital activities)  Operations and Maintenance of the distribution system; and  Resource Management Appendix C: Description of Electric utility Operational Activities includes detailed descriptions of the work associated with each of these activities. 33 | P a g e From FY 2009 to FY 2015, Operations costs increased by $2.2 million, or less than 1% per year on average. In 2013 there was a one-time increase in expenses associated with an adjustment to the value of the City’s investment portfolio. Excluding debt service and transfers, which stay relatively stable over time, costs increased roughly 2.5% per year over that time. In FY 2016, however, Operations costs increased $4.5 million (9.6%). This was primarily due to increases in overhead and salary and benefit costs. Operations costs are projected to increase by an additional $1M per year starting in FY 2017 as work is done to begin catching up on deferred maintenance that has accumulated due to difficulty filling certain maintenance positions. Aside from those increases, costs are projected to increase with inflation over the remainder of the forecast period. Figure 16: Historical and Projected Electric Utility Operational Costs SECTION 6C: CAPITAL IMPROVEMENT PROGRAM (CIP) CIP spending for FY 2017 through FY 2019 is projected to increase substantially, primarily due to major one-time projects, including service connection upgrades for a few major customers, pole replacements related to the Fiber to the Home project, and Smart Grid upgrades. Ongoing capital investment in the electric distribution system is also increasing. The one-time projects will mostly be funded by customer-specific fees and transfers from other funds. Only $3.4 million of the funding for the one-time projects is projected to come from utility rates. This forecast assumes that smart grid projects are financed from the Electric Special Projects 34 | P a g e Reserve and with additional funding from the water and gas funds, but it would also be possible to use bond financing. Excluding the one-time projects listed above, the CIP plan for FY 2017 to FY 2023 is primarily funded by utility rates, but other sources of funds include connection fees (for Customer Connections), phone and cable companies (primarily for undergrounding), and other funds (for smart grid). The details of the CIP budget will be available in the Proposed FY 2017 Utilities Capital Budget. Figure 16 shows the adopted / proposed / projected capital budgets as well as actual and projected capitalized administrative overhead associated with the program. Figure 17: Electric Utility CIP Spending SECTION 6D: DEBT SERVICE The Electric Utility’s annual debt service is $100,000 per year. The Electric Utility currently makes payment on one bond issuance, the 2007 Electric Utility Clean Renewable Energy Tax Credit Bonds, Series A. This $1.5 million bond issuance was to fund a portion of the construction costs of solar demonstration projects at the Municipal Services Center, Baylands Interpretive Center, and Cubberley Community Center. The capacity of these projects totaled 250 kW. In exchange for funding part of the construction costs Electric Utility receives the RECs from these 35 | P a g e projects. The bonds were Clean Renewable Energy Bonds (CREBs), meaning they are interest free (the investors receive a tax credit from the federal government). This bond issuance is secured by the net revenues of the Electric Utility. Debt service for this bond continues through 2021, and for the financial forecast period is as follows: Table 10: Electric Utility Debt Service ($000) FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 2007 Clean Renewable Energy Bonds 100 100 100 100 100 100 - - The 2007 bonds include a covenant stating that the Electric Utility will maintain a debt coverage ratio of 125% of debt service. The current Financial Plan maintains compliance with these covenants throughout the forecast period, as shown in Appendix C. The Electric Utility’s reserves and net revenue are also pledged as security for the bond issuances listed in Table 11, even though the Electric Utility is not responsible for the debt service payments. The Electric Utility’s reserves or net revenues would only be called upon if the responsible utilities are unable to make their debt service payments. Staff does not currently foresee this occurring. Table 11: Other Issuances Secured by Electric Utility’s Revenues or Reserves Bond Issuance Responsible Utilities Annual Debt Service ($000) Secured by Electric Utility’s: Net Revenues Reserves 1995 Utility Revenue Bonds, Series A Storm Drain $680 Yes No 1999 Utility Revenue Bonds, Series A Storm Drain Wastewater Collection Wastewater Treatment $1,207 No Yes 2009 Water Revenue Bonds (Build America Bonds) Water $1,977* No Yes 2011 Utility Revenue Refunding Bonds, Series A Gas Water $1,457 No Yes *Net of Federal interest subsidy SECTION 6E: EQUITY TRANSFER The City calculates the equity transfer from its Electric Utility based on a methodology adopted by Council in 2009, which has remained unchanged since6. Each year it is calculated according to the 2009 Council-adopted methodology, and does not require additional Council action. 6 For more detail on the ordinance adopting the 2009 transfer methodology, see CMR 280:09, Budget Adoption Ordinance for Fiscal Years 2009 and 2010; and CMR 260:09, Finance Committee Report explaining proposed changes to equity transfer methodology. 36 | P a g e SECTION 6F: WHOLESALE REVENUES AND OTHER REVENUES The Electric Utility receives most of its revenues from sales of electricity, but about 12% comes from other sources. Of these other sources, about a third represent wholesale “revenues” that is included solely for accounting purposes. These revenues have offsetting electric supply purchase costs, and do not normally affect the utility’s net position. Of the remaining revenues, the largest revenue sources are interest on reserves, connection fees for new or replacement electric services, and carbon allowance revenues associated with the State’s cap-and-trade program. In FY 2015 these sources represented roughly 50% of revenue from sources other than electricity sales. The remaining FY 2015 revenues consisted of a variety of one-time transfers. Revenues from connection fees have more than doubled since FY 2009. Revenue from these sources decreased slightly during the recession, but has increased substantially since then, peaking in FY 2014. Staff is forecasting slightly lower revenue from this source in subsequent years. Carbon allowance revenues are projected to stay stable through the forecast period, as is interest income. However, both of these revenue sources are subject to some uncertainty. The State’s cap-and-trade program regulations only describe the program through 2020. This forecast assumes the program will remain in place with similar program design following 2020, but that may not be the case. CARB is in the process of establishing post-2020 rules. The forecast for interest income assumes current interest rates continue and there are no major reserve reductions aside from what is anticipated in this Financial Plan. If interest rates rise, interest income could increase, and if reserves decreased (due to drought or a withdrawal from the ESP reserve for a major project), interest income would decrease. SECTION 6G: SALES REVENUES Sales revenue projections are based on the load forecast in Section 5A: Load Forecast and the projected rate changes shown in Figure 7. As discussed in Section 5A, sales revenues for this utility stay relatively stable due to the mild climate in Palo Alto. In addition, Palo Alto is a built out City, with incremental growth in population and relatively stable commercial customer loads. 37 | P a g e SECTION 7: COMMUNICATIONS PLAN CPAU communication methods include use of the Utilities website, utility bill inserts, messaging on bills and envelopes, email newsletters, print ads in local publications, videos and participation in community outreach events. The FY 2017 Electric Utility communications strategy covers these primary areas: rates, drought impacts, efficiency, renewables, operations, infrastructure and safety. In FY 2017, CPAU is proposing an 11% increase in electric utility rates. Electric utility rates have not increased since 2009, as the City has been drawing down reserves from the Electric Fund. The rate increase is necessary this year, as these reserves are below the minimum reserve level. Communications will focus on the reasons why a rate increase is necessary, and why the percentage increase is higher than projected in past financial forecasts, particularly due to the impact of the drought. Palo Alto purchases a significant portion of its electricity from hydroelectric resources. Severe drought conditions over the past few years have reduced available hydroelectric supplies, requiring the City to purchase more costly replacement electric supplies. Reliability and safety are primary concerns for CPAU and City Council has placed increasing emphasis on capital improvement investments for utility infrastructure. In order to maintain system integrity, continued capital improvement costs are necessary. Deferring such costs to future years would not be prudent, as deferred investment in maintenance, operations and capital improvement upgrades could potentially jeopardize the safety and reliability of the electric utility system. Despite these costs and increasing rates, CPAU’s rates are far lower than PG&E’s. Keeping costs low is one of the benefits CPAU offers its customers as a public utility provider. CPAU will continue to communicate about the City’s carbon neutral electric supply portfolio. Outreach includes apprising the public of major renewable energy purchase agreements, which contribute toward Palo Alto’s long-term energy security and commitment to sustainability. Recent power purchase agreements have allowed CPAU to procure long-term renewable electric supplies at low costs. CPAU will highlight these environmental attributes and value in our communications. Throughout the year, communications staff promotes CPAU’s electric efficiency services, rebates and local renewable energy programs. Since January 2015, CPAU has been encouraging community participation in the Georgetown University Energy Prize competition, a friendly, national campaign for energy efficiency. This two-year campaign encourages the community to reduce energy use and compete for a $5 million prize. Just recently, CPAU launched new programs that will allow customers to better understand and manage their energy use. Such programs include a free utility bill analysis service with option for a subsidized in-depth home energy assessment, and an online utility portal for customers to view consumption history, learn about efficiency tips and CPAU programs they can take advantage of for home energy efficiency. 38 | P a g e APPENDICES Appendix A: Electric Utility Financial Forecast Detail Appendix B: Electric Utility Reserves Management Practices Appendix C: Description of Electric utility Operational Activities Appendix D: Samples of Recent Electric Utility Outreach Communications 6053706 APPENDIX A: ELECTRIC UTILITY FINANCIAL FORECAST DETAIL 6053706 (page intentionally left blank) 6053706 1 FISCAL YEAR FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 2 3 ELECTRIC LOAD 4 Purchases (MWh)1,040,851 1,019,788 978,833 969,519 976,319 980,894 979,005 977,292 993,844 997,125 998,260 997,531 997,596 999,464 986,864 5 Sales (MWh)995,811 965,048 946,518 942,562 946,841 950,784 936,773 946,996 963,035 966,215 967,314 966,608 966,670 968,481 956,271 6 7 BILL AND RATE CHANGES 8 System Average Rate ($/kWh)0.1048$ 0.1155$ 0.1168$ 0.1156$ 0.1154$ 0.1164$ 0.1158$ 0.1158$ 0.1274$ 0.1398$ 0.1435$ 0.1435$ 0.1452$ 0.1452$ 0.1477$ 9 Change in System Average Rate 10%1%-1%0%1%0%0%11%10%3%0%1%0%2% 10 Change in Average Residential Bill 11%-5%-1%-4%-1%-5%10%8%10%2%0%1%0%1% 11 12 STARTING RESERVES 13 Reappropriations (Non-CIP)- - 2,760,000 343,000 1,886,000 305,000 - - - - - - - - - 14 Commitments (Non-CIP)2,241,000 1,916,000 1,463,000 1,593,000 2,737,000 3,528,000 3,164,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 15 Restricted for Debt Service - - - - - - - - - - - - - - - 16 Emergency Plant Replacement 3,057,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 - - - - - - - - 17 Central Valley Project Reserve 22,000 153,000 306,000 305,000 314,000 313,000 329,000 - - - - - - - - 18 Underground Loan Reserve 709,000 717,000 731,000 736,000 742,000 738,000 734,000 730,000 730,000 730,000 730,000 730,000 730,000 730,000 730,000 19 Public Benefits Reserves 2,109,000 4,280,000 3,750,000 3,139,000 1,149,000 2,197,000 2,064,000 2,574,000 2,700,394 2,790,356 2,799,046 2,717,399 2,544,810 2,434,376 2,373,578 20 Electric Special Projects Reserve 70,397,000 64,535,000 59,865,000 55,558,000 50,320,000 51,838,000 51,838,000 51,838,000 51,534,944 51,383,460 51,050,127 47,300,127 47,300,127 47,300,127 47,300,127 21 Hydro Stabilization Reserve - - - - - - - 17,000,000 11,400,000 2,400,000 - - - - - 22 Capital Reserves - - - - - - - - 2,864,000 2,864,000 2,864,000 2,864,000 2,864,000 2,864,000 2,864,000 23 Rate Stabilization Reserves 55,418,000 47,783,000 54,339,000 66,331,000 74,609,000 69,029,000 70,049,000 14,411,000 5,411,000 - - - - - - 24 Operations Reserves - - - - - - - 22,498,000 22,733,825 22,014,607 22,281,475 24,814,237 27,032,576 30,783,222 34,269,008 25 Unassigned - - - - - - - - - - 0 - - - - 26 TOTAL STARTING RESERVES 133,953,000 120,384,000 124,214,000 129,005,000 132,757,000 128,948,000 129,178,000 112,153,000 100,476,163 85,284,424 82,826,649 81,527,763 83,573,514 87,213,725 90,638,713 27 28 REVENUES 29 Net Sales 105,312,712 113,129,269 111,948,267 109,309,318 109,974,337 110,301,711 108,674,986 109,644,507 122,721,963 135,111,161 138,828,086 138,726,658 140,313,744 140,576,542 141,259,300 30 Wholesale Revenues 10,618,388 7,903,940 8,443,016 7,189,218 6,635,790 6,010,409 6,267,000 6,763,000 11,732,580 13,249,634 14,128,345 15,816,411 16,063,130 15,367,103 15,992,486 31 Other Revenues and Transfers In 11,744,330 8,458,392 6,374,799 6,316,048 8,736,976 9,772,185 8,379,507 8,315,879 17,306,372 13,685,157 16,104,331 8,952,387 9,297,064 9,706,437 10,042,027 32 TOTAL REVENUES 127,675,429 129,491,602 126,766,082 122,814,584 125,347,103 126,084,305 123,321,493 124,723,385 151,760,915 162,045,951 169,060,763 163,495,456 165,673,937 165,650,082 167,293,813 33 34 EXPENSES 35 Electric Supply Purchases 82,348,075 68,714,475 61,247,248 58,724,136 61,313,637 68,785,977 80,022,010 75,705,000 86,377,737 88,523,524 89,131,094 90,303,886 89,637,135 88,542,665 89,918,517 36 Operating Expenses 37 Administration 38 Allocated Charges 3,585,068 2,667,704 2,807,991 3,416,423 4,399,674 4,139,837 4,511,222 3,651,896 3,743,559 3,837,533 3,933,853 4,032,597 4,133,584 4,236,960 4,342,932 39 Rent 3,428,294 3,963,377 3,721,542 3,839,201 3,875,836 4,051,044 4,147,742 4,991,328 5,141,068 5,295,300 5,454,159 5,617,784 5,786,317 5,959,907 6,138,704 40 Debt Service 8,185,819 7,919,136 7,343,352 8,902,751 9,265,736 9,020,651 9,037,000 9,139,768 8,953,886 8,955,164 8,808,619 8,818,349 8,783,507 8,792,388 9,624,493 41 Transfers and Other Adjustments 13,282,668 10,860,269 13,056,927 11,603,695 16,797,054 11,385,421 10,789,119 11,778,415 11,781,400 11,784,460 11,787,597 11,790,812 11,794,107 11,797,485 11,800,947 42 Subtotal, Administration 28,481,848 25,410,486 26,929,812 27,762,069 34,338,299 28,596,953 28,485,082 29,561,407 29,619,914 29,872,457 29,984,228 30,259,541 30,497,516 30,786,740 31,907,076 43 Resource Management 2,062,511 3,033,428 2,380,313 2,654,024 3,024,268 3,541,524 2,138,615 2,966,005 3,071,752 3,182,092 3,295,330 3,413,039 3,513,915 3,605,059 3,699,533 44 Demand Side Management 3,336,356 4,048,114 3,490,676 4,541,531 3,529,529 3,187,875 3,491,470 4,476,424 3,612,447 3,694,961 3,558,989 3,275,399 3,213,446 3,169,620 3,251,901 45 Operations and Mtc 8,975,462 8,892,002 9,339,340 9,288,490 9,601,481 9,488,627 10,716,881 12,216,961 13,621,453 14,075,224 14,540,523 15,022,687 15,450,353 15,847,643 16,258,382 46 Engineering (Operating)879,303 1,094,766 1,070,441 1,057,783 1,114,945 1,102,008 1,230,160 1,929,843 1,981,771 2,035,192 2,089,931 2,146,191 2,201,598 2,257,007 2,313,920 47 Customer Service 1,650,731 1,896,956 1,881,881 1,908,493 2,007,322 2,032,231 1,548,851 2,348,349 2,436,928 2,529,629 2,624,844 2,724,064 2,806,984 2,880,302 2,956,458 48 Allowance for Unspent Budget - - - - - - - (1,328,747) (1,421,462) (1,467,484) (1,514,688) (1,563,571) (1,607,504) (1,648,717) (1,691,289) 49 Subtotal, Operating Expenses 45,386,213 44,375,751 45,092,464 47,212,389 53,615,844 47,949,218 47,611,059 52,170,242 52,922,803 53,922,071 54,579,157 55,277,350 56,076,307 56,897,655 58,695,982 50 Capital Program Contribution 13,510,141 12,571,376 15,635,370 13,126,059 14,226,622 9,119,111 12,713,425 16,988,980 27,652,114 22,058,131 26,649,398 15,868,470 16,320,285 16,784,774 17,262,590 51 TOTAL EXPENSES 141,244,429 125,661,602 121,975,082 119,062,584 129,156,103 125,854,305 140,346,493 144,864,222 166,952,654 164,503,726 170,359,649 161,449,705 162,033,726 162,225,093 165,877,088 52 53 ENDING RESERVES 54 Reappropriations (Non-CIP)- 2,760,000 343,000 1,886,000 305,000 - - - - - - - - - - 55 Commitments (Non-CIP)1,916,000 1,463,000 1,593,000 2,737,000 3,528,000 3,164,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 3,102,000 56 Restricted for Debt Service - - - - - - - - - - - - - - - 57 Emergency Plant Replacement 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 - - - - - - - - - 58 Central Valley Project Reserve 153,000 306,000 305,000 314,000 313,000 329,000 - - - - - - - - - 59 Underground Loan Reserve 717,000 731,000 736,000 742,000 738,000 734,000 730,000 730,000 730,000 730,000 730,000 730,000 730,000 730,000 730,000 60 Public Benefits Reserves 4,280,000 3,750,000 3,139,000 1,149,000 2,197,000 2,064,000 2,574,000 2,700,394 2,790,356 2,799,046 2,717,399 2,544,810 2,434,376 2,373,578 2,191,308 61 Electric Special Projects Reserve 64,535,000 59,865,000 55,558,000 50,320,000 51,838,000 51,838,000 51,838,000 51,534,944 51,383,460 51,050,127 47,300,127 47,300,127 47,300,127 47,300,127 47,300,127 62 Hydro Stabilization Reserve - - - - - - 17,000,000 11,400,000 2,400,000 - - - - - - 58 Capital Reserve - - - - - - - 2,864,000 2,864,000 2,864,000 2,864,000 2,864,000 2,864,000 2,864,000 2,864,000 59 Rate Stabilization Reserve 47,783,000 54,339,000 66,331,000 74,609,000 69,029,000 70,049,000 14,411,000 5,411,000 - - - - - - - 60 Operations Reserve - - - - - - 22,498,000 22,733,825 22,014,607 22,281,475 24,814,237 27,032,576 30,783,222 34,269,008 35,868,004 61 Unassigned - - - - - - - - - 0 - - - - - 62 TOTAL ENDING RESERVES 120,384,000 124,214,000 129,005,000 132,757,000 128,948,000 129,178,000 112,153,000 100,476,163 85,284,424 82,826,649 81,527,763 83,573,514 87,213,725 90,638,713 92,055,438 6053706 1 FISCAL YEAR FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 2 3 REVENUES 4 Net Sales 82%87%88%89%88%87%88%88%81%83%82%85%85%85%84% 5 Other Revenues and Transfers In 18%13%12%11%12%13%12%12%19%17%18%15%15%15%16% 6 TOTAL REVENUES 100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% 7 8 EXPENSES 9 Commodity Purchases 56%54%46%47%46%54%56%51%46%46%45%47%47%47%46% 10 Operating Expenses 11 Administration 12 Allocated Charges 3%2%2%3%3%3%3%3%2%2%2%2%3%3%3% 13 Rent 2%3%3%3%3%3%3%3%3%3%3%3%4%4%4% 14 Debt Service 6%6%6%7%7%7%6%6%5%5%5%5%5%5%6% 15 Transfers and Other Adjustments 9%9%11%10%13%9%8%8%7%7%7%7%7%7%7% 16 Subtotal, Administration 20%20%22%23%27%23%20%20%18%18%18%19%19%19%19% 17 Resource Management 1%2%2%2%2%3%2%2%2%2%2%2%2%2%2% 18 Operations and Mtc 6%7%8%8%7%8%8%8%8%9%9%9%10%10%10% 19 Engineering (Operating)1%1%1%1%1%1%1%1%1%1%1%1%1%1%1% 20 Customer Service 1%2%2%2%2%2%1%2%1%2%2%2%2%2%2% 21 Allowance for Unspent Budget 0%0%0%0%0%0%0%-1%-1%-1%-1%-1%-1%-1%-1% 22 Subtotal, Operating Expenses 30%32%34%36%39%36%31%33%30%31%30%32%33%33%33% 23 Capital Program Contribution 10%10%13%11%11%7%9%12%17%13%16%10%10%10%10% 24 TOTAL EXPENSES 95%96%93%93%96%97%96%95%92%90%90%89%89%90%90% 25 26 RISK ASSESSMENT DETAIL (SUPPLY FUND) 27 FISCAL YEAR FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 28 1. Load Net Revenue 77,428 652,853 1,208,477 29 2. Hydro Production: Western & Calaveras 9,314,822 9,050,313 3,397,119 30 3. Renewable Production: Landfill & Wind & Solar 375,755 743,945 539,073 31 4. Carbon Neutral Cost 331,630 303,022 114,983 32 5. Market Price 909,196 775,584 1,138,589 33 6. Local Capacity 475,962 408,388 446,695 34 7. Transmission/CAISO 4,555,915 3,741,647 2,806,120 35 8. Plant Outage 1,000,000 1,000,000 1,000,000 36 9. Western Cost 3,130,000 2,704,738 2,973,619 37 10. Regulatory & Legal - - - 38 11. Supplier Default - - - 39 TOTAL 20,170,708 19,380,490 13,624,674 40 Supply Operations + Hydro Stabilization Reserves, % of Risk Assessment 196%176%179% 41 42 RISK ASSESSMENT DETAIL (DISTRIBUTION FUND) 43 FISCAL YEAR FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 44 Distribution Revenue Variance 3,240,845 3,290,258 3,918,697 4,122,469 4,163,694 4,160,651 4,285,471 4,293,497 4,422,302 45 10% CIP Program Contingency 1,271,343 1,698,898 2,765,211 2,205,813 2,664,940 1,586,847 1,632,028 1,678,477 1,726,259 46 Total Risk Asssessment Value 4,512,188 4,989,156 6,683,908 6,328,282 6,828,634 5,747,498 5,917,499 5,971,975 6,148,561 47 Projected Operations Reserve 22,498,000 22,733,825 22,014,607 22,281,475 24,814,237 27,032,576 30,783,222 34,269,008 35,868,004 48 Operations Reserve, % of Risk Value 499%456%329%352%363%470%520%574%583% 49 44 SUPPLY OPERATIONS RESERVE 45 Min (60 days of non-capital expenses)- - - - - - 8,339,587 6,424,305 6,557,102 6,698,857 6,808,081 6,897,553 7,013,278 7,126,792 7,248,481 46 Target (90 days of non-capital expenses)- - - - - - 10,338,923 9,636,457 9,835,653 10,048,285 10,212,121 10,346,329 10,519,917 10,690,188 10,872,721 47 Max (120 days of non-capital expenses)- - - - - - 12,338,259 12,848,609 13,114,204 13,397,714 13,616,162 13,795,105 14,026,555 14,253,584 14,496,961 48 49 DISTRIBUTION OPERATIONS RESERVE 50 Min (60 days of non-capital expenses)- - - - - - 8,339,587 6,424,305 6,557,102 6,698,857 6,808,081 6,897,553 7,013,278 7,126,792 7,248,481 51 Target (90 days of non-capital expenses)- - - - - - 10,338,923 9,636,457 9,835,653 10,048,285 10,212,121 10,346,329 10,519,917 10,690,188 10,872,721 52 Max (120 days of non-capital expenses)- - - - - - 12,338,259 12,848,609 13,114,204 13,397,714 13,616,162 13,795,105 14,026,555 14,253,584 14,496,961 53 Risk Assessment Value 4,512,188 4,989,156 6,683,908 6,328,282 6,828,634 5,747,498 5,917,499 5,971,975 6,148,561 ELECTRIC UTILITY FINANCIAL PLAN J u n e 1 6 , 2 0 1 4 43 | P a g e APPENDIX B: ELECTRIC UTILITY RESERVES MANAGEMENT PRACTICES (This section includes the proposed amendments to this section. This section will be finalized following Council adoption of the final amended version.) 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 1.d) (Rate Stabilization Reserves) f) For operating contingencies, as described in Section 12 (Operations Reserves) g) 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) ELECTRIC UTILITY FINANCIAL PLAN J u n e 1 6 , 2 0 1 4 44 | P a g e 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 1.d) (Rate Stabilization Reserves) g) For operating contingencies, as described in Section 12 (Operations Reserves) h) 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 14 (Unassigned Reserves). Section 4. Reserves for Commitments At the end of each fiscal year the Electric Supply Fund and Electric Distribution Fund Reserves for Commitments will be set to an amount equal to the total remaining spending authority for all contracts in force for the Electric Supply Fund and Electric Distribution Fund, respectively, at that time. Section 5. Reserves for Reappropriations At the end of each fiscal year the Electric Supply Fund and Electric Distribution Fund Reserves for Reappropriations will be set to an amount equal to the amount of all remaining capital and non-capital budgets that will be reappropriated to the following fiscal year for each Fund in accordance with Palo Alto Municipal Code Section 2.28.090. Section 6. Electric Special Projects Reserve The Electric Special Projects Reserve (ESP Reserve) will be managed in accordance with the policies and timelines set forth in Resolution 9206 (Resolution of the Council of the City of Palo Alto Approving Renaming the Calaveras Reserve to the Electric Special Project Reserve and Adoption of Electric Special Project Reserve Guidelines). These policies and timelines 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) The preferred projects to be funded by the ESP Reserve must be identified by end of FY 2015; f) Any uncommitted funds remaining at the end of FY 2020 will be transferred to the Electric Supply Operations Reserve and the ESP Reserve will be closed; and g) Funds may be used for analysis and pilot projects which would be the basis for planned large projects. Section 7. Hydroelectric Stabilization Reserve Supply cost savings and surplus energy sales revenue associated with higher than average generation from hydroelectric resources may be added to the Electric Supply Fund’s Hydroelectric Stabilization Reserve by action of the City Council and held to offset higher ELECTRIC UTILITY FINANCIAL PLAN J u n e 1 6 , 2 0 1 4 45 | P a g e commodity supply costs during years of lower than average generation. Withdrawal of funds from the Hydroelectric Stabilization Reserve requires action by the City Council. 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 based on the levels of CIP expense budgeted for that year. Minimum Level 60 days 6 months of budgeted CIP expense Maximum Level 120 days 12 months of budgeted CIP expense b) Changes in Reserves: Staff is authorized to transfer funds between the CIP Reserve and the Reserve for Commitments when funds are added to or removed from the Reserve for Commitments as a result of a change in contractual commitments related to CIP projects. Any other additions to or withdrawals from the CIP reserve require Council action. c) Minimum Level: i) Funds held in the Reserve for Commitments may be counted as part of the CIP Reserve for the purpose of determining compliance with the CIP Reserve minimum guideline level. ii) 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, at any time, the CIP Reserve reaches its maximum level, no funds may be added to this reserve. If there are funds in this reserve in excess of the maximum level staff must propose to transfer these funds to another reserve or return them to ratepayers in the next Financial Plan. Staff may also seek City Council to ELECTRIC UTILITY FINANCIAL PLAN J u n e 1 6 , 2 0 1 4 46 | P a g e 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. 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 d) 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: 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 ELECTRIC UTILITY FINANCIAL PLAN J u n e 1 6 , 2 0 1 4 47 | P a g e designed to return both Operations Reserves to their target levels by the end of the forecast period. e) Maximum Level: If, at any time, either Operations Reserve reaches its maximum level, no funds may be added to this Reserve. Any further increase in that fund’s Fund Balance shall be automatically included in the Unassigned Reserve described in Section 13, below. Section 13. Unassigned Reserves If the Operations Reserve in either the Electric Supply Fund or the Electric Distribution Fund reaches its maximum level, any further additions to that fund’s Fund Balance will be held in the Unassigned Reserve. If there are any funds in either Unassigned Reserve at the end of any fiscal year, the next Financial Plan presented to the City Council must include a plan to assign them to a specific purpose or return them to the Electric Utility ratepayers by the end of the first fiscal year of the next Financial Planning Period. For example, if there were funds in the Unassigned Reserves at the end of FY 2016, and the next Financial Planning Period is FY 2017 through FY 2021, the Financial Plan shall include a plan to return or assign the funds in the Unassigned Reserve by the end of FY 2017. Staff may present an alternative plan that retains these funds or returns them over a longer period of time. Section 14. Intra-Utility Transfers between Supply and Distribution Funds 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. ELECTRIC UTILITY FINANCIAL PLAN J u n e 1 6 , 2 0 1 4 48 | P a g e APPENDIX C: DESCRIPTION OF ELECTRIC UTILITY OPERATIONAL ACTIVITIES This appendix describes the activities associated with the various cost categories referred to in this Financial Plan. Customer Service: This category includes the Electric Utility’s share of the call center, meter reading, collections, and billing support functions. Billing support encompasses staff time associated with bill investigations and quality control on certain aspects of the billing process. It does not include maintenance of the billing system itself, which is included in Administration. This category also includes CPAU’s key account representatives, who work with large commercial customers who have more complex requirements for their electric services. Resource Management: This category includes supply portfolio management, energy procurement, rate setting, and tracking of legislation and regulation related to the electric industry. Operations and Maintenance: This category includes the costs of a variety of distribution system maintenance activities, including:  monitoring the substations and performing routine maintenance;  performing preventative maintenance on the system;  monitoring the system’s status from the UCC using SCADA;  maintaining the SCADA system;  investigating outages and other customer complaints and performing emergency repairs;  clearing vegetation near overhead power lines; and  testing and replacing meters to ensure accurate sales metering. Administration: Accounting, purchasing, legal, and other administrative functions provided by the City’s General Fund staff, as well as shared communications services, Utilities Department administrative overhead and billing system maintenance costs. Demand Side Management: Includes the cost of administering energy efficiency programs and the direct cost of rebates paid. Includes solar rebates. Engineering (Operating): The Electric Utility’s engineers focus primarily on the CIP, but a small portion of their time is spent assisting with distribution system maintenance. APPENDIX D: SAMPLES OF RECENT ELECTRIC UTILITY OUTREACH COMMUNICATIONS City of Palo Alto Prepared by: 570 Kirkland Way, Suite 100 Kirkland, Washington 98033 A registered professional engineering corporation with offices in Kirkland, WA and Portland, OR Telephone: (425) 889-2700 Facsimile: (425) 889-2725 City of Palo Alto Electric Cost of Service and Rate Study Draft April 5, 2016 ATTACHMENT C CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY i Contents CONTENTS .............................................................................................................................................................. I EXECUTIVE SUMMARY ........................................................................................................................................... 1 REVENUE REQUIREMENT ................................................................................................................................................. 1 COST OF SERVICE ANALYSIS.............................................................................................................................................. 2 RATE DESIGN OVERVIEW ................................................................................................................................................. 4 RECOMMENDATION ....................................................................................................................................................... 5 OVERVIEW OF RATE SETTING PRINCIPLES .............................................................................................................. 6 OVERVIEW AND ORGANIZATION OF REPORT ........................................................................................................................ 6 OVERVIEW OF THE ANALYSES ........................................................................................................................................... 6 OVERVIEW OF REVENUE REQUIREMENT METHODOLOGIES ..................................................................................................... 7 OVERVIEW OF COST ALLOCATION PROCEDURES ................................................................................................................... 7 RATE DESIGN AND ECONOMIC THEORY .............................................................................................................................. 7 DEVELOPMENT OF THE REVENUE REQUIREMENT .................................................................................................. 9 OVERVIEW OF CPA’S REVENUE REQUIREMENT METHODOLOGY ............................................................................................. 9 DEVELOPMENT OF POWER SUPPLY COSTS......................................................................................................................... 10 OTHER OPERATIONS AND MAINTENANCE EXPENSES ........................................................................................................... 10 GENERAL FUND TRANSFER ............................................................................................................................................. 11 RATE-FUNDED CAPITAL IMPROVEMENT PROGRAM (CIP) .................................................................................................... 11 MISCELLANEOUS REVENUES ........................................................................................................................................... 11 TRANSFERS FROM RESERVES .......................................................................................................................................... 11 SUMMARY OF REVENUE REQUIREMENT ............................................................................................................................ 11 RECOMMENDATION ..................................................................................................................................................... 12 COST OF SERVICE ANALYSIS ................................................................................................................................. 13 COSA DEFINITION AND GENERAL PRINCIPLES ................................................................................................................... 13 FUNCTIONALIZATION OF COSTS ....................................................................................................................................... 14 CLASSIFICATION AND ALLOCATION OF COSTS ..................................................................................................................... 15 COST OF SERVICE RESULTS ............................................................................................................................................. 23 REVIEW OF CUSTOMER CLASSES OF SERVICE ..................................................................................................................... 26 RATE DESIGN ....................................................................................................................................................... 27 RATE DESIGN – NON-COMMODITY ................................................................................................................................. 27 RATE DESIGN – COMMODITY ......................................................................................................................................... 28 PROPOSED RATE DESIGN ............................................................................................................................................... 28 MUNICIPAL E-18 ......................................................................................................................................................... 32 MINIMUM BILL ANALYSIS .............................................................................................................................................. 32 TIME OF USE RATE SCHEDULES ....................................................................................................................................... 32 PUBLIC BENEFITS CHARGE ............................................................................................................................................. 34 NET ENERGY METERING ................................................................................................................................................ 35 STREET LIGHTING AND TRAFFIC SIGNALS ........................................................................................................................... 36 TECHNICAL APPENDIX .......................................................................................................................................... 38 COST OF SERVICE MODEL CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 1 Executive Summary The City of Palo Alto (CPA) retained EES Consulting, Inc. (EES Consulting) to perform an electric cost of service analysis (COSA) and rate study as part of its ongoing efforts to maintain fiscally prudent and fair, cost-based rates for its electric customers. The purpose of this report is to discuss the data inputs, assumptions and results that were part of developing the rate study. A comprehensive rate study generally consists of three separate, yet interrelated analyses. These three analyses are the revenue requirement, the COSA, and the rate design. Revenue Requirement A revenue requirement analysis compares the overall revenues of the utility to its expenses and helps determine whether an overall adjustment to rate levels is required. For this analysis, a “cash basis” method was used for determining CPA’s revenue requirement. Recorded annual operating expenses for fiscal year (FY) 2014-2015 as well as the FY 2016-17 budget forecast provided by CPA were used to determine the revenue requirement. A base case was defined to develop the COSA. This base case assumed the following:  Historic/recorded year is FY 2014-15 (July 2014 – June 2015).  Test year/allocation year is FY 2016-17.  Billing determinants were based on FY 2016-17 forecasts.  Expenses were based on forecasted FY 2016-17 expenses.  Transfers from reserves and budget savings of $17.9 million were assumed for FY 2016-17, as assumed in the CPA financial forecasts. If CPA’s rates currently in effect remain unchanged, FY 2016-17 revenues from all sources would equal $118.9 million, while budgeted expenses are $148.7 million.1 After taking the reserve transfers and budget savings into account, as well as other revenues, the revenue requirement for FY 2016-17 is $122.5 million. This is the amount of revenue needed from rates in FY 2016-17. With no rate change, forecasted sales revenues for FY 2016-17 are $110.5 million, as shown in Schedule 1.9. This means there remains a 10.1 percent shortfall in revenues relative to costs. This translates into a 10.8 percent increase in the CPA’s system average retail rate, as shown in Schedule 1.1, though the increase for individual customer classes of service will vary, as discussed in the section on the COSA. A summary of the draft revenue requirement is shown in Table 1. Additional detail can be found in Schedules 1.4 and 3.1. 1 Expenses exclude capital expenses reimbursed by connection fees or other direct reimbursement agreements. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 2 Table 1 Summary of the Revenue Requirement FY: 2016-2017 Revenue Requirement Production (Purchased Power) $90,065,328 Distribution $13,195,107 Customer Accounts and Services $5,946,916 Administration and General $13,931,304 Capital Projects from Rates $13,501,2502 General Fund Transfer $12,101,000 Total Expenses $148,740,905 Transfers from Reserves and Allowance for Unspent Budget $17,870,017 Other Revenues 8,382,909 Total Revenue Required from Rates (Revenue Requirement) $122,487,979 Revenues Based on Rates Currently in Effect $110,531,481 Additional Rate Revenue Needed $11,956,498 Total Required Rate Revenue Increase (Decrease) 10.8% Cost of Service Analysis A COSA is concerned with the equitable allocation of the revenue requirement to the various customer classes of service. As is standard procedure for COSAs, the revenue requirement shown in Table 1 for CPA was functionalized, classified and allocated. This process is described in detail in the section below titled “Cost of Service Analysis.” Table 2 shows the results of the COSA. It shows the revenues that would be realized in FY 2016-17 without any rate changes (i.e. keeping the rates currently in effect), the share of the FY 2016-17 revenue requirement that should be allocated to each rate class as determined by the COSA, and the deficiency in revenue if current rates are left unchanged. Without a rate change, FY 2016-17 revenues will be less than allocated FY 2016-17 costs for every class of service. In addition, the variance between revenues and costs is greater for some classes than others. The last column of Table 2 shows the increase in revenue required for each rate class. For most classes this increase will be achieved by increasing rates. The results of the COSA are summarized in Table 2. More detail is presented in Schedules 1.1, 1.2, and 1.4, and the COSA methodology is described in more detail below in the “Cost of Service Analysis” section of this report. 2 Excludes capital expenses reimbursed by connection fees or other direct reimbursement agreements. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 3 Table 2 Summary of Cost of Service Analysis for FY 2016-17 Test Year Projected FY 2016-17 Revenues under Rates Currently in Effect Net Revenue Requirement Projected Deficiency in FY 2016-17 Revenue Based on Rates Currently in Effect Revenue Increase needed3 Residential E-1 $18,406,003 $20,785,989 ($2,379,986) 12.9% Small Non-residential E-2 9,421,113 10,019,138 (598,025) 6.3% Medium Non-residential E-4 38,382,821 42,680,642 (4,297,821) 11.2% Large Non-residential E-7 41,216,279 42,441,354 (1,225,074) 3.0% City Accounts E-18 3,044,789 4,463,490 (1,418,701) 46.6% Street/Traffic Lights 60,477 2,097,367 (2,036,890) 3368.1%4 TOTAL $110,531,481 $122,487,979 ($11,956,498) 10.8% Overall CPA needs a 10.8 percent revenue increase for FY 2016-17. The results show that while customers on Rate Schedule E-7 are paying close to cost of service already, most of the rate classes will need a significant rate increase. The E-1 rate class and the E-4 rate class show the largest increases. This is a result of significant changes in customer usage characteristics since the last COSA and rate redesign. In the last few years some rate classes have increased energy consumption or peak demand, while others have decreased consumption or demand. As is typical with most rate schedules, particularly those without large fixed charges, when energy consumption increases or decreases significantly, a COSA may reveal the need for realignment of revenue collection among classes of service. Classes whose consumption and demand have decreased since the last COSA will typically see higher rate increases so they are paying their share of fixed system costs, while classes with increasing consumption and demand will see lower rate increases. As part of the COSA, the composition of each rate class was reviewed to determine whether classes should be combined or additional classes created. Each rate class was found to have distinct consumption characteristics that indicated those customers should be grouped together under a single rate schedule, except for the E-18 (Municipal) rate class. The customers in the E-18 class have similar consumption characteristics to the E-2 (Small Non-Residential), E-4 (Medium Non-Residential), and E-7 (Large Non-Residential) rate classes, and are recommended to be merged into those other rate classes. 3 Projected FY 2016-17 revenue deficiency divided by projected FY 2016-17 revenue based on rates currently in effect. 4 This increase in revenue will primarily come from charging all City customers for lighting service rather than through rate increases to the general public. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 4 Rate Design Overview The rates for the residential and non-residential customers are designed to take into account differences in energy costs for various generating resources as well as the impacts seasonal changes in energy use and peak demand have on the utility’s distribution capacity needs. The E-1 (Residential) rate class is fairly homogenous compared to the other rate classes, and these varying costs are best captured in a tiered energy rate design. For the non-residential classes, E- 2 (Small Non-Residential), E-4 (Medium Non-Residential), and E-7 (Large Non-Residential), these costs are best captured by a seasonal rate structure. Note that while these methodologies capture seasonal variations in cost, they do not capture hourly cost variations. This requires time of use rates, which require more advanced metering that is only available to a small subset of Palo Alto customers. Optional time of use rates are made available to these customers, and reflect both seasonal and hourly capacity needs and energy consumed. Rate Design - Non-Commodity The allocation of distribution costs is based on an analysis of the base and excess monthly energy and capacity costs associated with that rate class, the Average and Excess method. The Average and Excess method compares the baseline capacity and energy used (the “average,” or “baseline”) against the maximum capacity and energy used on a seasonal basis (the “excess”). This captures the level of system capacity required to serve the customer during peak times as opposed to average times. The rate design for the E-1 (Residential) class is tiered, with the first tier reflecting the baseline usage, which is defined as energy usage below 11 kWh per day. This is the median summer usage, since this customer class’s peak usage is in the winter. This is reversed for the E-2 (Small Non-Residential), E-4 (Medium Non-Residential), and E-7 (Large Non-Residential) customer classes, with the baseline consumption in the winter season and the peak in the summer. Costs associated with demand-related system costs (such as transformers or lines) were separated into tier or season using the average and excess demand information from the COSA. The methodology assigns costs associated with baseload demand to all tiers or seasons, while costs related to the distribution capacity required to serve peak demands is allocated to Tier 2 (for the residential class) or the summer season (for the non-residential classes). Customer- related costs are allocated equally to each tier or season based on the energy billing determinants. Rate Design - Commodity The commodity component of the rate design is based on differences in the cost of energy from the utility’s various sources of supply, as well as the impact of peak demand on capacity costs. For the E-1 (Residential) class, lower-cost resources are allocated to Tier 1 usage, while higher cost resources are allocated to Tier 2. Because this rate class is winter peaking, generating capacity costs were not reflected differently in each tier. This is because generating capacity CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 5 requirements are driven by the system peak demand rather than the customer class peak demand, and the system peak demand occurs in the summer, when residential use is lower. In order to develop commodity rates for rate classes E-2 (Small Non-Residential), E-4 (Medium Non-Residential), and E-7 (Large Non-Residential), the costs for each generating resource were assigned to the season in which the costs were incurred. Demand rates were calculated by allocating baseload capacity costs to both summer and winter rates, while the remainder of the capacity-related costs were allocated to the summer (peak demand) period. Recommendation Based on the projected revenue requirement and COSA analysis, the following observations can be made for CPA:  CPA will need to increase overall revenues by 10.8 percent for FY 2016-17 in order to recover sufficient revenues to meet costs.  Revenues for each rate class should be aligned with the costs allocated to that rate class.  Customers under rate schedule E-18 (Municipal Electric Use) should be moved to the E-2, E-4, and E-7 rate schedules as appropriate and the E-18 rate schedule should be retired. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 6 Overview of Rate Setting Principles EES Consulting, Inc. (EES Consulting) was retained by the City of Palo Alto (CPA) to perform a comprehensive electric cost of service and rate study. Performing an electric rate study is necessary to assure that CPA’s rates are structured to be fair, equitable and based on the cost of providing service to all City customers. In conducting a cost of service and rate study, three inter-related analyses are performed: 1. Revenue Requirement Analysis: This analysis examines the various sources and uses of funds for the utility and determines the overall revenue required to operate the utility. 2. Cost of Service Analysis (COSA): The COSA is used to determine the fair and equitable allocation of the total revenue requirement to the various customer classes of service (e.g. residential, small non-residential, medium non-residential, etc.). This analysis provides a determination of the level of revenue responsibility of each class of service and the adjustments from current revenues required to meet the cost of service. 3. Rate Design Analysis: The third analysis involves evaluating the rate design options available and designing rate schedules that can be applied to each rate class to equitably collect revenues that match the cost to serve each customer in that class. Overview and Organization of Report This report is divided into sections that follow these three analyses. This first section is a generic discussion of the theory and financial principles behind setting rates. This is followed by a section discussing the development of the revenue requirement analysis for CPA. The next section discusses the COSA. Finally, rate design options are presented in the fourth and final section. A technical appendix is attached at the end of this report that provides details of the various analyses. The schedules contained in the technical appendix are referenced throughout the report. The purpose of this section of the report is to provide a brief overview of the fundamentals of cost identification and allocation for purposes of developing electric rates. From this base-level of knowledge, more insight and understanding can be obtained from the following sections of the report that discuss the specifics of the Revenue Requirement, Cost of Service, and Rate Design analyses mentioned above. Overview of the Analyses All electric utility rate cost allocation methodologies share the same basic framework. That is, in allocating electric costs multiple separate yet interrelated analyses (revenue requirement CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 7 analysis, COSA, and rate design analysis) are performed. A variety of reasonable methodologies exist within each of these separate analyses. Overview of Revenue Requirement Methodologies For this study, a cash basis was used to determine CPA’s electric utility’s revenue requirement. The cash basis methodology aligns well to most Publicly Owned Utility (POU) budgetary processes and is more easily understood by POU managers and policy makers. Overview of Cost Allocation Procedures After the total revenue requirement has been determined, it is allocated to the various customer classes of service based upon a cost-based methodology that reflects cost causation and cost-causal relationships between customer characteristics and the production and delivery of the services. This analytical exercise usually takes the form of a COSA. A COSA begins by assigning each cost in a utility’s revenue requirement into major categories that reflect the utility’s capital investment and services provided to customers, such as power supply, transmission, distribution and customer. This is called “functionalization.” Next, the functionalized costs are linked to categories (such as demand-, energy-, and customer-related costs) and a direct assignment category. This is called “classification.” Allocation factors are then used to allocate each cost to each class of service. At that point the revenue requirement has been allocated to each class of service and a determination of the necessary revenue adjustments between classes of service can be made. Rate Design and Economic Theory The final step in the rate study process is to design rates for each class of service. Rates can be structured in many ways, but ultimately they should reflect the types of costs that the utility incurs to serve the customer (e.g. demand-, energy- and customer-related costs), and should collect the required level of revenues to safely and reliably operate the utility. Traditional rate designs use time-of-day, seasonal or marginal cost-based utility rates to provide accurate, cost- based price signals for the cost of power supply and to equitably allocate the cost of providing distribution service. The utility, in designing power supply rates, will need to take into consideration the characteristics of the power supply it acquires, as well as the characteristics of the customer to whom the utility will sell. POUs are subject to a wide variety of state statutes and regulations on topics including renewable portfolio mandates, cap and trade, energy efficiency programs, public goods charges and net metering, each presenting compliance costs. Particularly relevant to the rates studied by this COSA are the following:  Article XIII C of the California Constitution amended by Proposition 26 (2010), which defines all imposed government charges, including electric rates, as taxes requiring voter approval unless certain exceptions are met; and CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 8  Public Utilities Code Section 385-387.8, which requires all POUs to have a public benefits charge built in to their rates to be used for a variety of programs, including: 1) demand side- management services to promote efficiency and conservation, 2) new investment in renewable energy and technologies, 3) research and development programs for the public interest, and 4) services and discounts for low income electricity customers.  Public Utilities Code Section 2827, which sets out requirements that POUs offer net metering rates for certain types of customer-owned generators until the number of customer taking that rate reaches a specified limit. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 9 Development of the Revenue Requirement This section of the report presents the development of the electric revenue requirement for CPA. Simply stated, a revenue requirement analysis compares the overall revenues of the utility to its expenses and determines the overall adjustment to rate levels that is required. Overview of CPA’s Revenue Requirement Methodology As discussed in the previous section of the report, CPA utilizes the “cash basis” approach for determining its revenue requirement. In summary form, CPA’s components to its revenue requirement include the elements shown in Table 4. Table 4 Elements of a Cash Basis Revenue Requirement + Operation and Maintenance Expenses (O&M)  Power Supply Expense  Distribution Expense  Customer Accounting Expenses  Administrative and General Expense + Capital Improvements funded from Rates + General Fund Transfer = Total Revenue Requirement - Transfers from Reserves - Miscellaneous Revenue Sources = Net Revenues Required From Rates From this basic analytical framework, the next step in determining the revenue requirement methodology is to select a time period over which to review revenue and expenses. In the case of CPA, a fiscal year test period was utilized (July through June) rather than a calendar year test period. The test period may either be a past fiscal year or a future fiscal year. The former is appropriate when costs do not change significantly from year to year, while the latter is more appropriate when costs are expected to change significantly. Various costs for CPA are projected to increase in the FY 2016-17 fiscal year (July 2016 through June 2017), so this fiscal year was chosen as the test period for the COSA. CPA provided budgeted costs for FY 2016-17. The next step in the analysis was to translate the CPA budgeted costs into the system used by the Federal Electric Regulatory Commission (FERC), the FERC System of Accounts. The FERC System of Accounts provides a set of industry-standard methodologies for classification of electric costs and allocating to classes of service. For example, costs associated with the secondary distribution system (lines and customer transformers) are traditionally allocated primarily using customer peak demand, regardless of what time of day that occurs (called “non- CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 10 coincident peak demand”). These methodologies will be discussed in the “Cost of Service Analysis” section later in this report, but it is important when reviewing the schedules in the technical appendix to be aware that all costs are categorized by FERC Accounts. A summary of the FY 2016-17 revenue requirement (using the FERC System of Accounts) is provided in Schedule 1.4, and the detail is shown in Schedule 3.1. Development of Power Supply Costs As with most electric utilities, the major expense associated with operating the utility is power supply. Approximately $90 million or 69 percent of the FY 2016-17 total revenue requirement of the utility is power supply costs, as shown in Schedule 3.1. Power supply costs include costs from renewable and non-renewable resources, including Western Area Power Administration (WAPA), Northern California Power Agency (NCPA) resources and power purchase agreements. In addition, power supply costs include California Independent System Operator (CAISO) transmission and ancillary charges. CPA’s proposed FY 2016-17 Operating Budget was used for the derivation of power supply costs. Other Operations and Maintenance Expenses CPA’s proposed FY 2016-17 Operating Budget was also used for the derivation of all other operations and maintenance (O&M) expenses. Total FY 2016-17 O&M expenses (excluding power supply) are projected to be $33 million. As shown in Schedules 1.4 and 3.1, this is made up of the following:  Distribution expenses of $13.2 million. These costs include maintenance of distribution system infrastructure such as lines, transformers, meters, and substations.  Customer Service related costs of $5.9 million. These costs include meter reading, billing, key account representatives and general customer service.  Administrative and general costs of $13.9 million. These costs include functions like accounting, benefit overhead, insurance, and other types of administrative overhead. FY 2016-17 O&M and Power Supply costs together total $123.1 million, as shown in Schedules 1.4 and 3.1. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 11 General Fund Transfer CPA calculates the equity transfer from its Electric Utility based on a methodology adopted by Council in 2009,5 which has remained unchanged since then. The General Fund Transfer will be $12.1 million in FY 2016-17, as shown in Schedule 3.1. Rate-Funded Capital Improvement Program (CIP) For FY 2016-17, the budgeted CIP is $13.5 million, as shown in Schedules 1.4 and 3.1. This excludes any capital expenses reimbursed by customers through connection fees or other reimbursement agreements. Miscellaneous Revenues CPA receives additional operating and non-operating revenues and contributions. These come in the form of interest revenues, miscellaneous service revenues, rents and other revenue. Interest revenues represent interest on the utility’s reserves. Miscellaneous service revenues include minor revenue sources like pole attachment fees for other utilities such as telecommunications, transfers from other City-owned utilities for shared services, and charges for damaged utility property. Rents represent rent paid to the General Fund for the use of City- owned property for utility purposes. Other revenues include wholesale sales of surplus energy. For FY 2016-17 the projection for such revenues and contributions is $8.4 million, as shown in Schedules 1.4 and 3.1. Transfers from Reserves In its FY 2016-17 Electric Utility Financial Plan, CPA is anticipating that $15.1 million will be withdrawn from reserves in FY 2016-17 for rate stabilization. In addition, CPA estimates that roughly $2.8 million in budgeted operational and capital expenses remain unspent each year in the normal course of business. These savings and reserves withdrawals are included in the line titled “Transfers from Reserves and Allowance for Unspent Budget” in Schedules 1.4 and 3.1. Summary of Revenue Requirement Once all of the components of the cash basis revenue requirement have been determined, the parts can be summed to equal the total revenue requirement. CPA’s revenue requirement for 5 City of Palo Alto City Manager’s Report (CMR) 280:09, “Adoption of an Ordinance Adopting the Fiscal Years 2010 and 2011 Budget, Including the Fiscal Year 2010 Capital Improvement Program, Changes to the Municipal Fee Schedule, Utility Rates and Charges, Equity Transfer Methodology Change and Changes to Compensation Plans,” June 15, 2009 and CMR 260:09, “Recommendation to City Council to Change the Methodology Used to Calculate the Equity Transfer from Utilities Funds to the General Fund,” May 26, 2009. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 12 the FY 2016-17 test period is summarized in Table 5. More detail on the individual components of the revenue requirement can be found in Schedules 1.4 and 3.1. Table 5 Summary of the Revenue Requirement FY: 2016-2017 Revenue Requirement Production (Purchased Power) $90,065,328 Distribution $13,195,107 Customer Accounts and Services $5,946,916 Administration and General $13,931,304 Capital Improvement Projects from Rates $13,501,2506 General Fund Transfer $12,101,000 Total Expenses $148,740,905 Transfers from Reserves and Allowance for Unspent Budget ($17,870,017) Other Revenues ($8,382,909) Total Revenue Required from Rates (Revenue Requirement) $122,487,909 Revenues Based on Rates Currently in Effect $110,531,481 Additional Rate Revenue Needed $11,956,498 Total Required Rate Revenue Increase (Decrease) 10.8% Recommendation CPA’s revenues are not sufficient to cover its cost obligations in FY 2016-17 using current rates. It is important to note that CPA’s revenue-to-cost balance needs to be continually monitored. Both short and longer term supply and operating cost considerations will need to be evaluated and analyzed as CPA’s management and the City Council pursue CPA’s operating and financial objectives. 6 Excludes capital expenses reimbursed by connection fees or other direct reimbursement agreements. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 13 Cost of Service Analysis The objective of the cost of service analysis (COSA) is to allocate the costs in the revenue requirement to each customer class of service to determine the cost to serve those customers. An essential principle of cost allocation is the concept of cost-causation. Cost-causation evaluates which customer or group of customers causes the utility to incur certain costs by linking system facility investments and the operating costs to serve certain facilities to the way customers use those facilities and services. This section of the report will discuss the general approach used to apportion the CPA’s costs, and will provide a summary of the results. COSA Definition and General Principles A COSA study allocates the costs of providing utility service to the various customer classes served by the utility based upon the cost-causal relationship associated with specific expense items. This approach is taken to develop a fair and equitable designation of costs to each class of service. Because the majority of costs are not incurred by any one type of customer, the COSA allocates joint and common costs among the various classes using factors appropriate to each type of expense. The COSA is the second step in a traditional three-step process for developing electric service rates, after development of the revenue requirement but before designing rates. A COSA study can be performed using embedded costs or marginal costs. Embedded costs generally reflect the actual costs incurred by the utility and closely track the costs kept in its accounting records. Marginal costs reflect the cost associated with adding a new customer, and are based on costs of facilities and services if incurred at the present time. This study uses an embedded COSA as its standard methodology, however it uses some marginal concepts, (for example, the examination of the relative cost of new meters in determining cost allocation between rate classes). There are three basic steps to follow in developing a COSA, namely:  Functionalization  Classification  Allocation Functionalization separates costs into major categories that reflect the different services provided to customers and the types of assets used to provide those services. The primary functional categories for CPA are production (power supply) and distribution. Shared services (overhead) to be allocated across multiple functional categories are also identified in this phase. Classification determines the portion of each cost that is related to specific cost-causal factors, or “classifiers.” These classifiers might be demand-related (related to the class of service’s peak CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 14 energy usage over a given period), energy-related (related to the total energy used by the class of service over a given period), or customer-related (costs incurred as a result of receiving service, regardless of the energy use or peak demand). Production (Power Supply) costs are related to generating and supplying power to customers on the system, and are often demand- or energy-related. The distribution system is designed to extend service to all customers attached to the system and to meet the peak demand requirement of each customer, meaning that costs are often demand-related. Some operational costs, such as billing, are generally customer-related. Costs can also be classified based on system revenues or directly assigned to a customer or group of customers if appropriate (for example, for street lighting customers). Allocation of costs to specific classes of service happens after those costs have been classified. Allocation factors are chosen to allocate the costs assigned to each classification, and the share of costs allocated to each class of service are based on the class’s contribution to the specific allocation factor selected. For example, certain production (power supply) costs might be classified as partially demand-related and partially energy-related. The demand-related power supply costs would be allocated to the classes of service using each class’s contribution to the annual system peak demand (the highest demand for the system as a whole at any time during the year), while the energy-related costs would be allocated to classes based on their annual energy usage. In this example, the allocation factors are 1) each class of service’s contribution to the annual system peak demand and 2) the annual energy usage of each class of service. An analysis of customer requirements, loads, and usage characteristics is completed to develop allocation factors reflecting each of the classifiers employed within the COSA. Functionalization of Costs As discussed above, the first step in the COSA process following finalization of the revenue requirement is to functionalize the revenue requirement. Certain types of costs in the revenue requirement (primarily O&M costs associated with various types of capital assets) are allocated based on the use of the underlying capital assets by customer class. To determine this, the underlying capital assets of the utility (the “rate base”) are functionalized into cost categories and allocated to customer classes. The functionalization, classification, and allocation of the rate base will be used as a basis for functionalization, classification, and allocation of certain types of operating expenses in the revenue requirement, such as maintenance of the capital assets included in the rate base. In CPA’s case, the rate base and revenue requirement are functionalized into Production (Power Supply), Distribution, and Shared Services categories. Schedule 3.1 shows the functional category for each cost in the revenue requirement, while Schedule 3.3 shows the results of the functionalization and classification of each cost. Schedules 4.1 and 4.2 show the same information for the rate base. The functional categories are described in more detail below:  Production (Power Supply). The power supply function category includes all power-related services that are obtained by the utility through generation and direct purchase. CPA does not produce power itself, but instead purchases power from a variety of renewable and CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 15 hydroelectric generating sources, as well as purchasing power in the energy markets. The transmission services that CPA must acquire to deliver the purchased power supply to the service area are included in purchased power costs.  Distribution. Distribution services include all services required to move the electricity from the point of interconnection between the transmission system and the distribution system to the end user of the power. These include substations, primary and secondary poles and conductors, line transformers, services and meters as well as customer costs and any direct assignment items.  Shared Services. Shared services include assets used across multiple functions or costs that apply across multiple functions, such as facilities used for general management of the operation or insurance or benefits costs. Assets and costs in the shared services category are not shown in the attached schedules as a separate functional category. Instead, they are allocated across the Production and Distribution functions as overhead. Classification and Allocation of Costs The next step in performing a COSA is to classify and allocate the functionalized expenses. The classifications and allocations are directly related to specific consumption behavior or system configuration measurements such as coincident peak (CP) or non-coincident peak (NCP)7 demand, energy consumption, or number of customers. Each cost in the revenue requirement will be classified into one or more categories, and will then be allocated to customer classes of service based on a specific allocator. For example, 7% of the costs associated with the Calaveras hydroelectric generating resource were classified into the demand classification and 93% were classified into the energy classification, with the demand classifier allocated to classes of service based on each class’s CP demand, and the energy portion of the cost allocated based on each class’s annual energy consumption. The classification and allocation factors used for each component of the rate base and revenue requirement are shown in Tables 6 and 7 and are discussed in more detail below. Descriptions of each factor are included in Table 8. The following are the specific classifiers used in CPA’s COSA within the Production and Distribution functions. As noted earlier, the Shared Services function is spread across the Production and Distribution functions as overhead, so it does not have its own classifiers: 7 Coincident peak represents the customer class’s contribution to the system peak demand (i.e. its demand coincident with, or at the time of, the system peak), while non-coincident peak represents the customer class’s peak demand regardless of when it occurs. A customer class’s demand at the time of the system peak demand may be lower than its peak demand, which may occur at some other time of the year. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 16  Production (Power Supply) Function Within this study, power supply costs are classified to demand and energy based on discussion with CPA staff related to cost causation. The specific classifiers used for the power supply function include:  Energy. Energy-related costs are those that vary with the total amount of electricity consumed by a customer. Electricity usage measured in kWh is used in this portion of the analysis. Energy costs are the costs of consumption over a specified period of time, such as a month or year.  Demand. Demand-related costs are those that vary with the maximum demand or the maximum rates of power supply to classes of service. Customer and system demands for this analysis were measured in kW. Demand costs are generally related to the size (capacity) of facilities needed to meet a customer’s maximum demand at any point in time. In order to classify power supply costs, each resource or type of cost was evaluated based on how CPA is charged and whether the resource provides energy or capacity8 to CPA. Power purchase agreements for the output from the Western Area Power Administration (WAPA) and Calaveras hydroelectric generating resources and all renewable resources provide both energy and capacity, and so were classified according to the relative market value of the energy and capacity provided by each resource. An analysis of the amount of capacity and energy provided by each resources was done, and the market value of each of those was calculated based on historical energy and capacity prices. The ratio of energy to capacity value was used to classify the cost of the resource. Costs associated with services provided to CPA by Northern California Power Agency (NCPA) (such as scheduling generating resources and interacting with the California Independent System Operator (CAISO) on CPA’s behalf) are classified as energy costs because these services are necessitated by City’s energy purchases. Purchases of energy from marketers9 are classified as energy-related costs, while purchases of capacity are classified as demand-related costs.10 CAISO transmission costs are classified as energy-related costs, as this is the way those costs are allocated to distribution utilities by the CAISO and the CAISO transmission costs therefore vary with the total CPA system energy. 8 When referring to a generating resource, “capacity” refers to its potential generating capacity regardless of whether it is actually generating energy. Capacity must be held to meet customer peak demand, regardless of whether it is used to generate energy at all times of the year. Capacity costs are usually assigned to the demand classifier. 9 CPA purchases energy and capacity from various marketers and other agencies (BP Energy Company, Cargill Power Markets, Exelon Generation Co., Iberdrola Renewables, Nextera Energy Marketing, Pacificorp, Powerex, Shell Energy North America, and Turlock Irrigation District) through its Electric Master Agreements. 10 Energy purchases require that energy is delivered to the system during some specified period of time, while capacity purchases enable CPA to count generating capacity from a specific generating unit owned by another agency or marketer toward the generating capacity requirements imposed on it by the CAISO. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 17  Distribution Function Distribution services include all services required to get energy supply from the point of interconnection between the transmission system and the utility’s service area to the end user of the power. Most distribution costs are split between demand and customer components. The demand component is the cost of facilities like distribution substations, lines, or line transformers built to serve a particular peak demand. The customer component is the cost of facilities that varies with the number of customers, such as meters. The following are the specific classifiers used for CPA’s distribution function:  Demand. Demand-related costs are those that vary with the maximum demand or the maximum rates of power supply to classes of service. Customer and system demands for this analysis are measured in kW. Demand costs are generally related to the size of facilities needed to meet a customer’s maximum demand at any point in time.  Customer. Customer-related costs are those that vary with the number of customers. Customer costs may be weighted to account for differences in the cost of providing services to those customers. For example, the service drop and metering associated with serving a large commercial customer is more costly and requires substantially more work and material than the service and meter for a small residential customer.  Direct Assignment. Some costs are directly assigned to specific classes of service. Costs associated with providing account representatives to large customers are allocated directly to those classes of service. Direct maintenance costs associated with street lights and traffic signals are directly allocated to the street light / traffic signal class. Schedules 3.5 and 4.4 provide the background information for all directly assigned costs associated with the revenue requirement and rate base. The methodology for functionalization, classification, and allocation of CPA’s rate base is summarized in Table 6 and in Technical Appendix Schedule 4.1. The results of the process for the rate base can be found in Schedule 4.2. The same information for the revenue requirement can be found in Table 7, Schedule 3.1, and Schedule 3.3. More detail on the classification and allocation factor codes used in the classification and allocation process can be found in Table 8. Schedule 6.1 shows how each code is used to separate costs into functions (production and distribution) and classifications (demand, energy, customer, and direct assignment). Schedule 6.2 shows the way each code then allocates the costs within each classification across classes of service. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 18 Table 6 Rate Base11 Functionalization, Classification, and Allocation FERC Account Asset Description Functionalization Category Classification and Allocation Factor Code12 Distribution Plant 361.0 Structures and Improvements Distribution NCPP 362.0 Station Equipment – Distribution Distribution NCPP 364.0 Poles, Towers & Fixtures Distribution 100% DP 365.0 Overhead Conductor & Devices Distribution 100% DC 366.0 Underground Conduit Distribution 100% DC 367.0 Underground Conductors Distribution 100% DC 368.0 Line Transformers Distribution 100% DT 369.0 Services Distribution SERV 370.0 Meters Distribution CUSTW 373.0 Street Lighting Systems Distribution DA1 General Plant 394.0 Tools, Shop & Garage Equipment Shared Services GPLT 397.0 Communication Equipment Shared Services GPLT 398.0 Miscellaneous Equipment Shared Services GPLT Accumulated Depreciation Distribution Plant Distribution RBD-ST Working Capital 90 days O&M Shared Services OMWOP 90 days Purchased Power Supply Cost Production OMP 90 days Purchased Transmission Charges Production OMPT Construction Work in Progress Construction Work in Progress Distribution RBD 11 Rate base as of June 30, 2015, the most recent year for which capitalized asset data is available. 12 See Table 8 for more detail and fully spelled-out acronyms CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 19 Table 7 Revenue Requirement Functionalization, Classification, and Allocation FERC Account Plant Description Functionalization Category Classification and Allocation Factor Code13 Power Purchases 555.70 Western Power Purchases Power Supply WEST 555.72 NCPA Pooling Power Supply kWh 555.73 NCPA Facilities Power Supply kWh 555.74 Local Capacity Purchase Power Supply CP12 555.76 Renewable Energy Power Supply REN 555.77 Carbon Neutral Purchases (RECs) Power Supply kWh 555.78 Market Power Purchases Power Supply kWh 555.50 Demand-Side Renewable Energy Power Supply DSRE XXXX Calaveras O&M and Debt Service Power Supply CALA XXXX Transmission Costs Power Supply kWh Other 555.20 Salaries & Benefits - Resource Mgmt. Power Supply kWh 555.30 Carbon Allowance Revenues Power Supply kWh 555.40 General Expense (Resource Mgmt.) Power Supply kWh 555.45 Allocated Administrative/General Costs Power Supply kWh Distribution 580.0 Operations Supervision and Engineering Distribution RBD-NoDA 585.0 Street Lighting Distribution DA1 588.0 Miscellaneous Distribution Distribution RBD-NoDA 589.0 Rents Distribution RBD-NoDA 590.0 Maintenance Supervision and Engineering Distribution RBD-NoDA 593.0 Overhead Lines Distribution RBOH 596.0 Street Lighting Distribution DA1 598.1 Communication O&M Distribution RBD-NoDA Customer Service, Accounts & Sales 901.0 Supervision Distribution CUSTW 902.0 Meter Reading Expenses Distribution CUSTMR 903.0 Cust. Records Collection Expense Distribution CREDIT 904.0 Uncollectable Accounts Distribution CREDIT 906.0 Customer Service & Information Distribution CUST SERV 906.1 Key Accounts Distribution DA2 906.2 Energy Efficiency & Demand-Side Management (DSM) Power Supply DSMEE 916.0 Misc. Sales Expense Distribution CUST SERV Administrative and General (A&G) Expenses 920.0 Salaries Shared Services OMAG 921.0 Office Supplies and Expense Shared Services OMAG 923.0 Outside Services Shared Services OMAG 925.0 Injuries and Damages Shared Services OMAG 926.0 Employee Pension and Benefits Shared Services OMAG 13 See Table 8 for more detail. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 20 Table 7 Revenue Requirement Functionalization, Classification, and Allocation FERC Account Plant Description Functionalization Category Classification and Allocation Factor Code13 930.2 Miscellaneous General Expense Shared Services OMAG 930.3 Environmental Fees Shared Services OMAG 931.0 Rents Shared Services OMAG Capital Projects From Rates Distribution Distribution RBD-NoDA Other Contributions General Fund Transfer Shared Services NETPLT Misc. & Other Revenues and Income 454.0 Rent, Electric Properties Shared Services OMAG 456.0 Other Misc. Electric Revenue Shared Services OMAG 458.0 Low Hydro Transfers Shared Services kWh 415/416 Income from Equity Investments Shared Services OMAG 421.0 Traffic Signal Transfer from General Fund Distribution DA 3 446.0 Green Power (Palo Alto Green) Power Supply kWh XXXX Surplus Energy Revenues Power Supply kWh XXXX Transfers from Reserves and Allowance for Unspent Budget Shared Services OM CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 21 Table 8 Classification and Allocation Factors Factor Code Factor Name Classification Allocation Basis Rate Base Classification and Allocation Factors NCPP Non-coincident Peak - Primary 100% Demand The total peak kW demand, regardless of when it occurs. 100% DP 100% Demand (Poles, Towers, Fixtures) 100% Demand The total peak kW demand, regardless of when it occurs. 100% DC 100% Demand (Overhead and Underground Conduit) 100% Demand The total peak kW demand, regardless of when it occurs. 100% DT 100% Demand (Transformers) 100% Demand The total peak kW demand, regardless of when it occurs. SERV Services14 100% Customer # customers weighted for the cost of installing and replacing services CUSTW Customers weighted for accounting / metering 100% Customer # customers weighted for cost of installing, maintaining and reading meters, billing, and account management DA1 Street Light Rate Base Assignment 100% Direct Assignment Street lighting assets allocated directly to street light customer class of service GPLT General Plant 73.5% Demand, 18.4% Customer 8.1% Direct Assignment Shared services assets15 that are the rate base equivalent of administrative overhead. Allocated to classes of service according to the other operational assets (e.g. lines and transformers) allocated to each class. RBD-ST Rate Base: Distribution Adjusted for Street Light Direct Assignments( 64.7% Demand, 23.3% Customer 12.0% Direct Assignment Classified and allocated to classes of service based on the value of all operational and shared services assets assigned to each class of service. Used for accumulated depreciation OMWOP O&M without Power Supply 48.7% Demand, 31.5% Customer 7.2% Direct Assignment Allocated based on O&M without Power Supply costs OMP O&M: Purchase Power 48.7% Demand, 31.5% Customer 7.2% Direct Assignment Allocated based on Purchased Power costs OMPT O&M: Purchased Transmission 48.7% Demand, 31.5% Customer 7.2% Direct Assignment Allocated based on Purchased Transmission costs RBD Rate Base: Distribution 73.5% Demand, 18.4% Customer 8.1% Direct Assignment Classified and allocated to classes of service based on the net book value of all shared services assets and other capital assets assigned to each class of service 14 This is a technical term referring to the connection from the line transformer to the customer’s electrical panel. 15 Facilities used for administration and other general utility management functions. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 22 Table 8 Classification and Allocation Factors Factor Code Factor Name Classification Allocation Basis Revenue Requirement Classification and Allocation Factors WEST Western Base Resource allocation 16% Demand, 84% Energy Western Base Resource costs. Classified according to the relative market value of the capacity and energy provided by the resource, and allocated to classes of service based on each class’s energy consumption and coincident peak demand. kWh Energy consumption (kWh) 100% Energy Energy consumption of each class of service in kWh CP12 12-month Coincident Peak 100% Demand Customer class of service’s contribution to the utility’s annual system peak demand CALA Calaveras Hydroelectric Resource allocation 7% Demand, 93% Energy Calaveras hydroelectric resource costs. Classified according to the relative market value of the capacity and energy provided by the resource, and allocated to classes of service based on each class’s energy consumption and coincident peak demand. REN Renewable Power Purchase Agreements 3% Demand, 97% Energy Renewable Power Purchase Agreement costs. Classified according to the relative market value of the capacity and energy provided by the resource, and allocated to classes of service based on each class’s energy consumption and coincident peak demand. RBD-NoDA Distribution Rate Base Excluding Street Lighting and Traffic Signals 73.5% Demand, 26.5% Customer Used for allocation of most distribution system infrastructure O&M costs other than street light/traffic signal maintenance. Classified and allocated to classes of service based on the net book value of all shared services assets and other capital assets assigned to each class of service, excluding street lighting and traffic signals. DA1 Street Light and Traffic Signal Direct Assignment 100% Direct Assignment Costs associated with operating and maintaining street light and traffic signal assets RBOH Rate Base (Overhead Lines) 100% Demand Used for allocation of maintenance costs for overhead lines. Classified and allocated to classes of service based on the net book value of overhead lines assigned to each class of service. CUSTW Customers weighted for accounting / metering 100% Customer # customers weighted for cost of installing, maintaining and reading meters, billing, and account management CUSTMR Customers weighted for meter reading 100% Customer # customers weighted for cost of reading meters CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 23 Table 8 Classification and Allocation Factors Factor Code Factor Name Classification Allocation Basis CREDIT Credit and Collections 100% Customer # customers weighted for credit and collections costs CUST SERV Customer Service 100% Customer # customers weighted for customer service costs DA2 Direct Assignment for Key Account costs 100% Direct Assignment Direct assignment of key account costs to large non-residential classes of service CUST Actual Customers 100% Customer Actual (unweighted) customer count OMAG O&M omitting A&G and Power Supply Shared Services On the basis of all other O&M costs allocated to each class of service excluding A&G and Power Supply. Allocated to Production Function (12.6% Energy) and Distribution Function (48.7% Demand, 31.5% Customer, 7.2% Direct Assignment) OM All O&M Shared Services Allocated on the basis of all other O&M costs in the revenue requirement. Allocated to Production Function (4.9% Demand, 12.6% Energy) and Distribution Function (48.7% Demand, 31.5% Customer, 7.2% Direct Assignment) DSRE Demand-Side Renewable Energy Allocator Power Supply Allocated based on PV Partners solar rebate budget allocation DSMEE DSM / EE Allocator Power Supply Based on historical residential / non- residential program expenditures. Residential direct assignment, non- residential based on annual kWh. No allocation to Street/Traffic Lights DA3 Direct Assignment for Traffic Lights revenues 100% Direct Assignment Direct assignment of General Fund Transfers of Traffic Light revenues. NETPLT Net Plant 80.5% Demand, 14.5% Customer, 5.1% Direct Assignment Allocated on the basis of the net book value of all capital assets (initial cost less accumulated depreciation) assigned to each class of service. Cost of Service Results Given the key assumptions listed above, the COSA was completed. Schedules 3.4 and 4.3 in the appendix show the functionalized and classified rate base and revenue requirement allocated to each class of service. These schedules are calculated by multiplying the applicable classification and allocation factors to each cost in the revenue requirement or rate base. Given the above assumptions regarding the COSA, the various costs were classified and allocated to the customer classes of service. Table 9 provides the COSA results. Summary data and additional detail is presented in Schedules 1.1 and 1.2. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 24 Table 9 Summary of Cost of Service Analysis for FY 2016-17 Test Year Projected FY 2016-17 Revenues under Rates Currently in Effect Net Revenue Requirement Projected Deficiency in FY 2016-17 Revenue Based on Rates Currently in Effect Revenue Increase needed16 Residential E-1 $18,406,003 $20,785,989 ($2,379,986) 12.9% Small Non-residential E-2 9,421,113 10,019,138 (598,025) 6.3% Medium Non-residential E-4 38,382,821 42,680,642 (4,297,821) 11.2% Large Non-residential E-7 41,216,279 42,441,354 (1,225,074) 3.0% City Accounts E-18 3,044,789 4,463,490 (1,418,701) 46.6% Street/Traffic Lights 60,477 2,097,367 (2,036,890) 3368.1%17 TOTAL $110,531,481 $122,487,979 ($11,956,498) 10.8% The results show that with present rates, CPA will not collect sufficient revenues to meet FY 2016-17 costs. As discussed previously in the report, the amount of additional revenue required varies by class of service. While customers on Rate Schedule E-7 are paying close to cost of service already, most of the rate classes will need a significant rate increase. The E-1 rate class and the E-4 rate class show the largest increases. The varying rate changes are a result of significant changes in customer usage characteristics since the last COSA and rate redesign. In the last few years some rate classes have increased energy consumption or peak demand, while others have decreased consumption or demand. These changing consumption patterns affect usage of the system and the way costs are allocated among customers. As described throughout this section, costs are allocated to customers based on their consumption patterns, particularly energy consumption and peak demand. As customer consumption patterns change, some of the utility’s costs change as well, but others are fixed over the short term. For example, some charges to the utility, like market energy purchases, are directly related to energy consumption. These costs decrease as customer energy consumption decreases, usually in real-time. If a customer class uses less energy, fewer of these costs will be allocated to them and their revenue requirement will decrease. Other costs only change slowly over time, such as the amount of distribution capacity the utility builds and maintains. These costs are largely fixed, and change over the long term with changes in peak demand or energy use. The majority of the City of Palo Alto’s cost change slowly over the long term. Rates for each customer class are set based on the energy and peak demand patterns over the study period. If energy use and peak demand decrease or increase after the rate study is completed, costs that change only over the long term might not change. When a subsequent 16 Projected FY 2016-17 revenue deficiency divided by projected FY 2016-17 revenue based on rates currently in effect. Numbers rounded to the nearest tenth of a percent. 17 This increase in revenue will primarily come from charging all City customers for service rather than through rate increases to the general public. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 25 COSA is performed, different revenue adjustments may need to be made for each customer class. The impacts to each class required as a result of the analysis done in the COSA are described below:  Energy consumption and demand has decreased for the E-1 (Residential)18 class of service. The share of costs allocated to this customer class decreased as a result. The decrease in energy consumption, however, means that the existing rates do not collect adequate revenue to fund certain types of fixed costs. The latter factor means that revenues need to increase more than average for this class of service.  Small Non-residential (E-2) energy consumption and demand has increased. The share of costs allocated to this customer class increased as a result. The increase in energy consumption, however, means that the existing rates collect close to the amount of revenue needed to fund fixed costs. The latter factor means that revenues need to increase less than average for this class of service.  Medium Non-residential (E-4) energy consumption has decreased, but demand has increased. The share of energy-related costs allocated to this customer class increased, while the share of demand-related costs decreased. These factors roughly offset each other, and revenue increases needed roughly match the average increase for the city as a whole.  Large Non-residential (E-7) energy consumption and demand has increased. The share of costs allocated to this class increased as a result. However, revenue from existing rates also increased substantially as a result of the increased consumption and demand. Existing revenue collection is close to the amount of revenue needed based on the COSA, so the necessary revenue increase from this customer class is small.  The energy consumption for the E-18 class of service has stayed roughly the same, but the demand has increased. The share of costs allocated to this customer class increased as a result. The unchanged energy consumption, in light of the increased demand, however, means that the existing rates did not collect adequate revenue to fund fixed costs.  The street light and traffic signal class reflects additional revenues associated with charging for maintenance and operation of City-owned street lighting, which was not included in previous rate schedules. When examining the results, it is important to note that the inter-class cost allocation is based on load data estimates and usage pattern assumptions. Since these can vary from year to year, the results of applying this COSA may deviate from these allocations over time. To avoid these deviations, the COSA model built for CPA can be updated when necessitated by significant changes to customer consumption patterns or the CPA’s costs. 18 While this class of service is named “Residential Electric Service,” it does not include 100% of residential use. Some master-metered multi-family residential buildings take service under other rate schedules. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 26 Review of Customer Classes of Service Customer classes of service refer to the arrangement of customers into groups that reflect common usage characteristics or facility requirement. The classes of service used within this study were as follows:  Residential E-1  Small Non-Residential E-2  Medium Non-Residential E-3  Large Non-Residential E-7  Municipal Electric Service E-18  Street and Traffic Lights Rate schedule E-18 (Municipal Electric Service) was modeled separately in the COSA, but the analysis showed that the customer characteristics of municipal service accounts are not significantly different from the characteristics of other non-residential customers. Municipal accounts should be moved to the appropriate non-residential rate schedule based on energy consumption and peak demand. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 27 Rate Design The final step in the rate study process is to design rates for each class of service. In California, local governments are subject to Article XIII C of the California Constitution, amended by Proposition 26 (2010). As a result, CPA has set rates to match the COSA results for each class. It is important to note that the results of the revenue requirement and COSA study are based on forecasted load data estimates and usage pattern assumptions. Actual load and usage patterns may differ from forecast. For this study, rates are developed based on the forecast loads and observed historical usage patterns for each rate class. The rates for the residential and non-residential customers are designed to take into account differences in energy costs for various generating resources as well as the impacts seasonal changes in energy use and peak demand have on the utility’s distribution capacity needs. The E-1 (Residential) rate class is fairly homogenous compared to the other rate classes, and these varying costs can be captured in a tiered energy rate design. For the non-residential classes, E-2 (Small Non-Residential), E-4 (Medium Non-Residential), and E-7 (Large Non-Residential), these costs are captured in a seasonal rate. Note that while these methodologies capture seasonal variations in cost, they do not capture hourly cost variations. This requires time of use rates, which require more advanced metering that is only available to a smaller subset of Palo Alto customers. Optional time of use rates are made available to these customers, and reflect both seasonal and hourly capacity needs and energy consumed. Rate Design – Non-Commodity The allocation of distribution costs is based on an analysis of the base and excess monthly energy and capacity costs associated with that rate class, also known as the Average and Excess method. The Average and Excess method compares the baseline capacity and energy used (the “average,” or “baseline”) against the maximum capacity and energy used on a seasonal basis (the “excess”). This captures the level of system capacity required to serve the customer during peak times as opposed to average times. The rate design for the E-1 (Residential) class is tiered, with the first tier reflecting the baseline usage, which is defined as energy usage below 11 kWh per day. This was calculated by analyzing the median summer usage for the class. Summer was chosen as the year-round baseline rather than winter because the residential customer class’s peak usage is in the winter, unlike the other customer classes. This is reversed for the E-2 (Small Non-Residential), E-4 (Medium Non-Residential), and E-7 (Large Non-Residential) customer classes, with the baseline consumption in the winter season and the peak in the summer. Costs associated with demand-related system costs (such as transformers or lines) were separated into tier or season using the average and excess demand information from the COSA. The methodology assigns costs associated with baseload demand to all tiers or seasons, while costs related to the distribution capacity required to serve peak demands is allocated to Tier 2 (for the residential class) or the summer season (for the non-residential classes). Customer- CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 28 related costs are allocated equally to each tier or season based on the energy billing determinants. Rate Design – Commodity The commodity component of the rate design is based on differences in the cost of energy from the utility’s various sources of supply, as well as the impact of peak demand on capacity costs. For the E-1 (Residential) class, lower-cost resources are allocated to Tier 1 usage, while higher cost resources are allocated to Tier 2. Because this rate class is winter peaking, generating capacity costs were not reflected differently in each tier. This is because generating capacity costs are determined based on the Palo Alto’s system peak, which is in the summer. That means that the residential peak usage, which is in the winter, does not impact capacity costs in the same way the peak usage for other customer classes does. In order to develop commodity rates for rate classes E-2 (Small Non-Residential), E-4 (Medium Non-Residential), and E-7 (Large Non-Residential), the costs for each generating resource were assigned to the season in which the costs were incurred. Demand rates were calculated by allocating baseload capacity costs to both summer and winter rates, while the remainder of the capacity-related costs were allocated to the summer (peak demand) period. Proposed Rate Design This section of the report will review the present rate structures for CPA and will provide a comparison with the proposed rates based on this cost of service study. Residential E-1 The present Residential rate design is composed of a three tier energy rate for commodity, distribution and Public Benefit Charges, which are charges the utility is required by State Law to impose to fund energy efficiency and other programs (as discussed earlier in the “Overview of Rate Setting” section). Tier 1 energy is based on an average of 10 kWh per day (or 300 kWh per month), while Tier 2 applies to usage between 300 and 600 kWh per month. Finally, Tier 3 rates apply to usage above 600 kWh per month. The proposed rate structure for the Residential Schedule E-1 consists of two tiers. As discussed earlier, the first tier represents the lower cost energy, as well as the distribution capacity required to serve customers year-round. The second tier represents the higher cost energy, as well as the distribution capacity required to serve customers during the winter (peak) season. In the commodity portion of the rates, only the costs for generating resources differ across tiers. Other power supply costs (such as transmission and energy scheduling services) are distributed uniformly across both tiers of the commodity rate on a per-kWh basis. For distribution rates, CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 29 only physical infrastructure costs are distributed differently between tiers. Customer-related costs are allocated uniformly to both tiers on a per-kWh basis. After reviewing the median daily consumption during summer months for E-1 customers, the Tier 1 usage was increased from 10 kWh per day to 11 kWh per day or 330 kWh per month. This represents the year-round, baseload usage for the median residential customer. Tier 2 rates are then applied to any usage above 330 kWh per month. Presented below, in Table 10, are the present and proposed rates for the Residential E-1 customers. Table 10 Comparison of Proposed Rates to Current –Residential E-1 Residential Commodity Distribution Public Benefits Charge Total Rate Current Energy Charge ($/kWh) Tier 1: First 300 kWh $0.05448 $0.03755 $0.00321 $0.09524 Tier 2: 301-600 kWh $0.07654 $0.05045 $0.00321 $0.13020 Tier 3: > 600 kWh $0.10349 $0.06729 $0.00321 $0.17399 Proposed Energy Charge ($/kWh) Tier 1: First 330 kWh $0.05883 $0.04795 $0.00351 $0.11029 Tier 2: > 330 kWh $0.09728 $0.06822 $0.00351 $0.16901 Overall Rate Change 12.9% Small Non-Residential E-2 The present Small Non-Residential E-2 rate design is composed of a summer and winter energy rate for commodity, distribution and Public Benefit Charges. The proposed rate structure for the Small Non-Residential Schedule E-2 is the same, though the summer and winter rates have been updated to properly reflect the difference in the cost of serving this class in both seasons. Consumption for this class peaks in the summer, and the costs of the additional distribution capacity associated with serving this higher summer load have been allocated to the summer energy rate component. Costs for energy from generating resources are assigned to summer and winter rates based on the season in which those costs are incurred by the utility. All other costs are assigned uniformly across both rate components. Presented below, in Table 11, are the present and proposed rates for the Small Non-Residential E-2 customers. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 30 Table 11 Comparison of Proposed Rates to Current –Small Non-Residential E-2 Small Non-Residential Commodity Distribution PBC Total Rate Current Energy Charge ($/kWh) E-2 Summer $0.08219 $0.05505 $0.00321 $0.14045 E-2 Winter $0.07406 $0.04934 $0.00321 $0.12661 Proposed Energy Charge ($/kWh) E-2 Summer $0.09094 $0.07400 $0.00351 $0.16845 E-2 Winter $0.06417 $0.04677 $0.00351 $0.11445 Overall Rate Change 6.3% Medium Non-Residential E-4 The present Medium Non-Residential E-4 rate design is composed of a summer and winter energy and demand rate for commodity, distribution and Public Benefit Charges. The proposed rate structure for the Medium Non-Residential Schedule E-4 is the same. As for the E-2 rate, the summer and winter components of the rate have been updated to reflect current costs and consumption patterns. However, unlike for the E-2 customer class, all of the demand-related distribution system costs are captured in a demand charge,19 while customer-related costs are captured in the energy component of the distribution charges. This is feasible for E-4 and E-7 customers but not for E-2 customers due to the limitations of the metering technology currently deployed in Palo Alto. Costs for energy from generating resources are assigned to summer and winter rate components based on the time of year those costs are incurred by the utility. Generating capacity costs are collected through a commodity demand charge. All other costs are assigned uniformly across both rate components. Presented below, in Table 12, are the present and proposed rates for the Medium Non- Residential E-4 customers. Table 12 Comparison of Proposed Rates to Current –Medium Non-Residential E-4 Medium Non-Residential Commodity Distribution PBC Total Rate Current Energy Charge ($/kWh) E-4 Summer $0.06083 $0.01767 $0.00351 $0.08171 E-4 Winter $0.05281 $0.01716 $0.00351 $0.07318 19 A demand charge is a charge based on the highest power consumption in a specified period of time, and is measured in kW. The E-4 and E-7 demand charges are based on the usage in the highest 15-minute period over the course of the billing period, roughly one month. This is in contrast to an energy charge, which is measured in kWh, and represents the total energy consumption over the entire month. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 31 Current Demand Charge ($/kWh) E-4 Summer $2.31 $15.23 $20.54 E-4 Winter $4.80 $9.04 $13.84 Proposed Energy Charge ($/kWh) E-4 Summer $0.08218 $0.01661 $0.00351 $0.10229 E-4 Winter $0.06037 $0.01661 $0.00351 $0.08049 Proposed Demand Charge ($/kWh) E-4 Summer $2.53 $17.14 $19.68 E-4 Winter $1.55 $12.49 $14.04 Overall Rate Change 11.2% Large Non-Residential E-7 The present Large Non-Residential E-7 rate design is composed of a summer and winter energy and demand rate for commodity, distribution and Public Benefit Charges. The proposed rate structure for the Large Non-Residential Schedule E-7 is the same. The rate design and methodology for allocating costs to rates is the same as for the E-4 rate schedule. The two rate classes are distinct, however, due to the different consumption patterns of the E-4 and E-7 customer classes. The E-7 customer class has a higher load factor (a measure of the ratio of peak demand to annual energy use). The higher a class’s load factor, the more efficiently it makes use of the capacity dedicated to serving it. A customer class with a higher load factor will have a lower share of the demand-related system costs allocated to it than a low load factor customer class that uses the same amount of energy, so it is best to distinguish the two as separate customer classes. Presented below, in Table 13, are the present and proposed rates for the Large Non-Residential E-7 customers. Table 13 Comparison of Proposed Rates to Current –Large Non-Residential E-7 Large Non-Residential Commodity Distribution PBC Total Rate Current Energy Charge ($/kWh) E-7 Summer $0.05662 $0.01825 $0.00321 $0.07808 E-7 Winter $0.04990 $0.01898 $0.00321 $0.07209 Current Demand Charge ($/kWh) E-7 Summer $6.42 $12.55 $18.97 E-7 Winter $5.50 $6.04 $11.54 Proposed Energy Charge ($/kWh) E-7 Summer $0.08311 $0.00087 $0.00351 $0.08749 E-7 Winter $0.05804 $0.00087 $0.00351 $0.06242 CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 32 Proposed Demand Charge ($/kWh) E-7 Summer $2.50 $15.85 $18.34 E-7 Winter $1.53 $14.11 $15.65 Overall Rate Change 3.0% Municipal E-18 As discussed previously, the E-18 rate schedule is recommended for retirement. Customers in this rate class share characteristics with the E-2, E-4, and E-7 rate classes, and should be allocated to those classes. Minimum Bill Analysis To ensure the collection of monthly meter reading, billing and customer service costs from all customers, a minimum bill charge for all rate schedules should be implemented. Meter reading, billing, customer service, and some distribution system O&M cost elements in the COSA are divided by the number of customers for each rate class to generate the minimum bill for each class. The minimum bill mechanism is a new approach to determining a customer’s electricity bill for CPA, but is used frequently in the electric utility industry. The monthly bill would be calculated in the following manner under the minimum bill mechanism: 1. Calculate the customer’s monthly bill based on usage 2. If the calculated bill is less than the minimum bill amount, the customer pays the minimum bill charge for the month. The proposed minimum bill was developed by determining the customer-related distribution, CIP and customer service costs in the COSA. These are the costs that should be collected from all customers regardless of usage. Based on the cost of service study, the following minimum bill charges are proposed:  Residential E-1: $0.3067 per day  Small Non-Residential E-2: $0.7657 per day  Medium Non-Residential E-4: $16.3216 per day  Large Non-Residential E-7: $48.5054 per day Time of Use Rate Schedules CPA also offers optional time of use (TOU) rates to its E-1, E-4, and E-7 customers. A TOU rate applies different charges to customer usage during different time periods. These time periods CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 33 correspond to times of day with differing energy costs. The peak time period (summer weekday afternoons) corresponds to the time of highest demand on the system. Capacity requirements are set based on system peaks during this time period. The off-peak period represents nighttime periods when energy costs are lower. Mid-peak periods represent all other hours. The E-1 TOU rate is a voluntary pilot rate currently limited to customers participating in the City’s CustomerConnect advanced metering pilot program. It differs from the E-4 TOU and E-7 TOU rates in that it is designed as a modifier that adds to or subtracts from the underlying E-1 rate schedule, based on the customer’s hourly usage. In contrast, the E-4 TOU and E-7 TOU rate schedules are standalone rate schedules. The E-1 TOU rate schedule will be updated in a subsequent analysis. The E-4 TOU and E-7 TOU rates are offered on a voluntary basis to all E-4 and E-7 customers, but only one customer is currently on one of these rate schedules. The E-4 TOU and E-7 TOU rate designs allocate costs seasonally or to tiers using the same methodology as the underlying non-TOU rate designs, but they also take into account hourly variations in energy prices. Most generating capacity costs are allocated to the summer peak periods, since CPA’s system peak demand occurs during that time. Most of CPA’s resource adequacy (generating capacity) costs result from requirements imposed by the CAISO based on the CPA annual system peak demand. Resource Adequacy costs are allocated to the peak periods based on the impact peak demand has on those costs. Distribution costs are not allocated on an hourly basis since inadequate data exists at this time to separate costs associated with the primary (sub-transmission) system from costs associated with the secondary system. The former serves all customers and can benefit when some customers use energy in off-peak rather than peak periods. The latter serves individual customers or small groups of customers, and is therefore affected by customer peak demand regardless of when that peak demand occurs. The Time-of-Use rates developed for E-4 and E-7 are provided in Table 14. CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 34 Table 14 Present and Proposed E-4 and E-7 Time-of-Use Rates Existing Rates Proposed Rates Commodity Distribution PBC Total Commodity Distribution PBC Total E-4 Summer Energy Peak $0.10963 $0.03242 $0.00321 $0.14526 $0.08819 $0.01661 $0.00351 $0.10830 Mid-Peak $0.05617 $0.01623 $0.00321 $0.07561 $0.08367 $0.01661 $0.00351 $0.10378 Off-Peak $0.04298 $0.01218 $0.00321 $0.05837 $0.07332 $0.01661 $0.00351 $0.09344 E-4 Winter Energy Peak $0.07003 $0.02296 $0.00321 $0.09620 $0.06566 $0.01661 $0.00351 $0.08577 Off-Peak $0.04088 $0.01313 $0.00321 $0.05722 $0.06167 $0.01661 $0.00351 $0.08178 E-4 Summer Demand Peak $3.12 $8.96 $12.08 $1.52 $5.91 $7.42 Mid-Peak $1.99 $5.65 $7.64 $0.54 $5.91 $6.44 Off-Peak $1.13 $3.26 $4.39 $0.54 $5.91 $6.44 E-4 Winter Demand Peak $2.77 $5.10 $7.87 $0.87 $6.96 $7.83 Off-Peak $1.49 $2.94 $4.43 $0.87 $6.96 $7.83 E-7 Summer Energy Peak $0.07029 $0.02296 $0.00321 $0.09646 $0.09267 $0.00087 $0.00351 $0.09705 Mid-Peak $0.05867 $0.01901 $0.00321 $0.08089 $0.08792 $0.00087 $0.00351 $0.09230 Off-Peak $0.04870 $0.01567 $0.00321 $0.06758 $0.07705 $0.00087 $0.00351 $0.08143 E-7 Winter Energy Peak $0.05617 $0.02142 $0.00321 $0.08080 $0.06009 $0.00087 $0.00351 $0.06447 Off-Peak $0.04663 $0.01767 $0.00321 $0.06751 $0.05643 $0.00087 $0.00351 $0.06081 E-7 Summer Demand Peak $4.24 $8.25 $12.49 $1.48 $5.33 $6.80 Mid-Peak $2.06 $4.13 $6.19 $0.51 $5.33 $5.84 Off-Peak $1.17 $2.06 $3.23 $0.51 $5.33 $5.84 E-7 Winter Demand Peak $3.04 $3.38 $6.42 $0.78 $7.15 $7.92 Off-Peak $1,59 $1.68 $3.27 $0.78 $7.15 $7.92 Public Benefits Charge Public Utilities Code Section 385 requires all POUs to have a public benefits charge built in to their rates. The rate must recover revenue equal to a set percentage of all other sales revenue based on a formula in that law. Most California POUs have interpreted this formula to require collection of an additional 2.85% of sales revenue for this purpose, as has CPA. The revenue collected must be spent on a specified set of energy efficiency and other demand-side measures, including: 1) demand side-management services to promote efficiency and conservation, 2) new investment in renewable energy and technologies, 3) research and development programs for the public interest, and 4) services and discounts for low income electricity customers. The public benefits charge is collected as a flat charge assessed on every kWh that results in the revenue level described above. The COSA analysis confirmed that all customer classes received benefits greater than or equal to the Public Benefits Charge revenues collected from them. The CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 35 results of this analysis are shown in Table 15 below. Public benefit program costs not directly funded by PBC revenues are funded by other sales revenues, which complies with the CPA- adopted Long Term Energy Acquisition Plan and Public Utilities Code Section 9615, which requires local publicly owned utilities to fund cost-effective energy efficiency measures before funding new energy supply purchases. Table 15 Public Benefit Charge Expenses and Revenues Total Residential E-1 Small Non- Residential E-2 Medium Non- Residential E-4 Large Non- Residential E-7 City Accounts E-18 Street/ Traffic Lights 906.20 Energy Efficiency & DSM $2,723,852 $418,856 $203,104 $875,794 $1,142,094 $84,004 $0 555.50 Demand- Side Renewable Energy $1,555,878 $324,484 $114,004 $491,591 $528,951 $96,847 $0 Total PBC Expenses $4,279,730 $743,341 $317,108 $1,367,385 $1,671,045 $180,851 $0 Total PBC Revenues $3,399,398 $537,721 $251,223 $1,083,285 $1,412,677 $103,905 $0 Net Energy Metering Public Utilities Code Section 2827 requires that utilities, including POUs, offer net energy metering (NEM) for certain types of customer-owned generators until the installed capacity of NEM customers’ generation reaches a specified limit, or cap. PUC 2827(g) also requires POUs to offer identical rates to both eligible NEM customers taking service under the cap, and to non- NEM customers in the same rate class. New or additional charges that might otherwise be imposed solely upon NEM customers to fully recover the utility’s cost of serving them (such as the costs of maintaining the distribution system) are prohibited. Until the cap is reached, CPA offers NEM under terms and conditions compliant with PUC 2827 under CPA Rule and Regulation 29. Once the cap is reached, utilities are not obligated to provide NEM to new customers (PUC 2827(C)(4)(A)), although CPA plans to continue offering NEM under a NEM successor program currently being developed. In CPA’s service territory, customers have only taken advantage of Rule 29 using solar systems; no other types of eligible generators have been installed and applied for NEM. Table 16 shows the expenses and revenues for NEM customers under the proposed E-1 and E-2 Rate Schedules. NEM program expenses are comprised of the revenues that would be received from the relevant customer group without NEM, less the value of the surplus energy provided by all customers’ solar systems on an hourly basis. The regulatory compliance cost of offering NEM to customers under PUC 2827 is roughly $62,911 per year for the 725 customers in the NEM program as of this report. Commercial rate classes with larger customers and demand charges (E-4 and E-7) have solar system outputs that coincide well with customer consumption CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 36 patterns because their installed solar systems are smaller relative to the customer load. These customers are omitted from Table 16 because revenues from E-4 and E-7 NEM customers match the cost of service. In the E-1 (Residential) and E-2 (Small Non-Residential) classes, consumption does not coincide as well with solar system output and so the customer meter runs backwards more frequently (creating “surplus generation”) and offsetting a larger percentage of customer consumption during the non-solar producing hours. Table 16 NEM Program Expenses and Revenues E-1 E-2 TOTAL NEM Expenses Revenue without NEM $708,113 $113,517 $821,630 Value of Surplus Energy Generated $106,833 $8,218 $115,051 Net Cost $601,280 $105,299 $706,579 Revenue Monthly Revenue with NEM $583,240 $99,025 $682,625 Bill Credits for Monthly Net Surplus Energy $32,613 $98 $32,711 Payments for Annual Net Surplus Energy $5,885 $0 $5,885 Total Revenue Received $544,742 $98,926 $643,668 Net Program Expense $56,538 $6,373 $62,911 Street Lighting and Traffic Signals CPA’s electric utility also provides lighting and traffic signal maintenance services, which are captured in the E-14 (Street Lighting) and E-16 (Unmetered Electric Service) rate schedules. These services are primarily provided to CPA itself, but also to a few other governmental agencies. These rate schedules were modeled combined and then separated based on estimated usage. Street lighting costs are equal to $2.1 million, and are provided to several agencies, including CPA, while traffic signal costs are equal to $234,000 and are only provided to CPA. Given that CPA is the only customer for traffic signal maintenance services, it is recommended that CPA bill itself using an internal transfer rather than a rate schedule. Traffic signal rates are recommended to be removed from the E-16 rate schedule. The E-14 rate schedule, on the other hand, which is used to bill agencies other than CPA, was updated to reflect CPA’s current lighting inventory and the inventory of lighting it maintains for other agencies. Actual street lighting rates are calculated by assigning the costs of street lighting O&M across all street lights, then allocating the costs of energy consumption based on actual energy use (calculated using lamp wattages). CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 37 Table 17 Schedule E-14 Proposed Rates Device Number Maintenance Service Provided Bulb Current Rate $/mo. Proposed Rate $/mo. 1 Yes HPS 70W $11.85 $28.61 2 Yes HPS 100W $15.48 $30.79 3 Yes HPS 150W $18.43 $34.43 4 Yes HPS 200W $20.55 $0.00 5 Yes HPS 250W $23.32 $41.70 6 Yes HPS 310W $27.32 $0.00 7 Yes HPS 400W $33.47 $0.00 8 Yes LED 70W-EQ $0.00 $23.79 9 Yes LED 100W-EQ $0.00 $25.44 10 Yes LED 150W-EQ $0.00 $26.96 11 Yes LED 250W-EQ $0.00 $31.12 12 Yes Mercury-Vapor 100W $13.56 $0.00 13 Yes Mercury-Vapor 175W $16.31 $0.00 14 Yes Mercury-Vapor 250W $20.32 $0.00 15 Yes Mercury-Vapor 400W $30.29 $0.00 16 Yes Incandescent 2500L $14.41 $0.00 17 Yes Incandescent 4000L $18.43 $0.00 18 Yes Fluorescent 40W $5.30 $0.00 19 Yes Fluorescent 60W $6.36 $0.00 20 No HPS 100W $15.48 $8.59 22 No HPS 200W $20.55 $15.87 23 No HPS 250W $23.32 $19.50 24 No HPS 310W $27.32 $24.13 25 No HPS 400W $33.47 $31.07 26 Yes Mercury-Vapor 400W $20.32 $32.58 CITY OF PALO ALTO —ELECTRIC COST OF SERVICE AND RATE STUDY 38 Technical Appendix Date:March 10, 2016 Version:Final Draft Test Period:FY 2017 570 Kirkland Way, Suite 100 Kirkland, Washington  98033 Telephone: 425 889‐2700 Facsimile: 425 889‐2725 A registered professional engineering corporation with offices in the Seattle and Portland areas. City of Palo Alto Cost of Service Schedules Consulting, Inc. EES Prepared By EES Consulting, Inc.City of Palo Alto Name of Schedule Worksheet Schedule No. SUMMARY SUMMARY OF PRESENT AND PROPOSED RATE REVENUE Summary 1.1 FUNCTIONALIZATION AND CLASSIFICATION OF REVENUE REQUIREMENT Summary 1.2 FUNCTIONALIZATION AND CLASSIFICATION OF RATE BASE SUMMARY Summary 1.3 SUMMARY OF REVENUE REQUIREMENT COST ALLOCATION Summary 1.4 SUMMARY OF RATE BASE COST ALLOCATIONS Summary 1.5 SUMMARY OF HISTORIC LOAD DATA Summary 1.6 SUMMARY OF FORECAST LOAD DATA Summary 1.7 SUMMARY OF POWER SUPPLY COSTS Summary 1.8 UNIT COST SUMMARY OF REVENUE REQUIREMENT UNIT COSTS Unit Cost 2.1 SUMMARY OF RATE BASE UNIT COST Unit Cost 2.2 REVENUE REQUIREMENT INPUT REVENUE REQUIREMENT Rev Req 3.1 PROJECTED REVENUE REQUIREMENTS Rev Req 3.2 REVENUE REQUIREMENT COST ALLOCATION FUNCTIONALIZATION AND CLASSIFICATION Rev Req 3.3  REVENUE REQUIREMENT COST ALLOCATION CLASSIFICATION BY CUSTOMER Rev Req 3.4  REVENUE REQUIREMENT COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Rev Req 3.5  RATE BASE INPUT RATE BASE Rate Base 4.1 RATE BASE FOR COST ALLOCATION FUNCTIONALIZATION AND CLASSIFICATION Rate Base 4.2  RATE BASE COST ALLOCATION CLASSIFICATION BY CUSTOMER Rate Base 4.3  RATE BASE COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Rate Base 4.4 TABLE OF CONTENTS Last Updated: 3/10/2016 1:15 PM Table Of Contents Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto TABLE OF CONTENTS POWER SUPPLY SUMMARY OF POWER SUPPLY COSTS Power Supply 5.1 FUNCTIONALIZATION, CLASSIFICATION AND ALLOCATION CLASSIFICATION AND ALLOCATION BY FUNCTION C&A by Funct 6.1 CLASSIFICATION AND ALLOCATION BY CUSTOMER C&A by Cust 6.2 COINCIDENT PEAK DEMAND ALLOCATION C&A Calculations 6.3 NON‐COINCIDENT PEAK DEMAND ALLOCATION C&A Calculations 6.4 CLASSIFICATION AND ALLOCATION OF DIRECT ASSIGNMENT BY CUSTOMER C&A Calculations 6.5  REVENUES FROM RATES FORECAST OF REVENUES FROM CURRENT RATES Revenues 7.1 LOAD DATA FORECAST CUSTOMERS AND ENERGY SALES Load Summary 8.1 FORECAST CUSTOMER DEMAND Load Summary 8.2 FORECAST kWh AT INPUT Load Summary 8.3 RECORDED CUSTOMERS AND ENERGY SALES Load Summary 8.4 RECORDED CUSTOMER  DEMAND Load Summary 8.5 RECORDED kWh AT INPUT Load Summary 8.6 Last Updated: 3/10/2016 1:15 PM Table Of Contents Page 2 of 2 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Forecast Year: 2017 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts  E‐18 Street/Traffic  Lights Revenues Based on Rates Currently in Effect $110,531,481 $18,406,003 $9,421,113 $38,382,821 $41,216,279 $3,044,789 $60,477 Less Allocated Revenue Requirement $122,487,979 $20,785,989 $10,019,138 $42,680,642 $42,441,354 $4,463,490 $2,097,367 Difference ‐$11,956,498 ‐$2,379,986 ‐$598,025 ‐$4,297,821 ‐$1,225,074 ‐$1,418,701 ‐$2,036,890 Revenue To Cost Ratio 90.2% 88.6% 94.0% 89.9% 97.1% 68.2% 2.9% % Increase in Rates to Needed to Meet Revenue Requirement 10.8% 12.9% 6.3% 11.2% 3.0% 46.6% 3368.1% Unit Cost Summary Unit Cost:  Rates Currently in Effect ($/kWh) $0.1140 $0.1203 $0.1337 $0.1196 $0.1045 $0.1042 $0.0319 Unit Cost:  COSA Rates ($/kWh) $0.1263 $0.1358 $0.1422 $0.1330 $0.1076 $0.1527 $1.1054 Difference from Present Rates 10.8% 12.9% 6.3% 11.2% 3.0% 46.6% 3368.1% SUMMARY OF PRESENT AND PROPOSED RATE REVENUE BY CUSTOMER CLASS Schedule 1.1 Last Updated: 3/10/2016 1:15 PM Schedule 1.1 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Forecast Year: 2017 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic  Lights Production Demand (PD) $4,205,945 $497,669 $409,908 $1,605,067 $1,528,121 $159,647 $5,534 Energy (PE) $69,412,241 $11,064,767 $5,080,769 $23,048,647 $27,943,724 $2,148,631 $125,704 Direct Assignment (PDA) Distribution Demand (DD) $32,680,740 $4,943,138 $3,208,606 $11,570,988 $11,242,417 $1,619,102 $96,489 Energy (DE) Customer (DC) $13,828,371 $4,280,415 $1,319,855 $6,259,437 $1,432,336 $536,110 $217 Direct Assignment (DDA) $2,360,683 $196,504 $294,755 $1,869,424 Total $122,487,979 $20,785,989 $10,019,138 $42,680,642 $42,441,354 $4,463,490 $2,097,367 Total Cost / Function Production $73,618,185 $11,562,435 $5,490,676 $24,653,713 $29,471,845 $2,308,278 $131,237 Distribution $48,869,794 $9,223,553 $4,528,462 $18,026,928 $12,969,508 $2,155,212 $1,966,130 Total Cost / Function $122,487,979 $20,785,989 $10,019,138 $42,680,642 $42,441,354 $4,463,490 $2,097,367 Total Cost / Classifier Demand $36,886,684 $5,440,807 $3,618,514 $13,176,055 $12,770,538 $1,778,749 $102,022 Energy $69,412,241 $11,064,767 $5,080,769 $23,048,647 $27,943,724 $2,148,631 $125,704 Customer $13,828,371 $4,280,415 $1,319,855 $6,259,437 $1,432,336 $536,110 $217 Direct Assignment $2,360,683 $196,504 $294,755 $1,869,424 Total Cost / Classifier $122,487,979 $20,785,989 $10,019,138 $42,680,642 $42,441,354 $4,463,490 $2,097,367 FUNCTIONALIZATION AND CLASSIFICATION OF REVENUE REQUIREMENT SUMMARY BY CUSTOMER CLASS Schedule 1.2 Last Updated: 3/10/2016 1:15 PM Schedule 1.2 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Historic Year: 2015 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts  E‐18 Street/Traffic  Lights Production Demand (PD) $1,254,278 $148,413 $122,241 $478,656 $455,710 $47,609 $1,650 Energy (PE) $22,114,052 $3,524,837 $1,618,382 $7,345,860 $8,900,881 $683,593 $40,498 Direct Assignment (PDA) Distribution Demand (DD) $146,046,015 $22,089,558 $14,338,402 $51,707,642 $50,243,901 $7,235,331 $431,182 Energy (DE) Customer (DC) $28,537,688 $6,707,376 $1,279,106 $15,356,854 $3,751,894 $1,442,359 $99 Direct Assignment (DDA) $9,909,699 $53,302 $79,953 $9,776,444 Total $207,861,733 $32,470,184 $17,358,130 $74,942,313 $63,432,339 $9,408,893 $10,249,874 Total Cost / Function Production $23,368,330 $3,673,250 $1,740,623 $7,824,516 $9,356,591 $731,202 $42,148 Distribution $184,493,403 $28,796,934 $15,617,507 $67,117,798 $54,075,748 $8,677,690 $10,207,725 Total Cost / Function $207,861,733 $32,470,184 $17,358,130 $74,942,313 $63,432,339 $9,408,893 $10,249,874 Total Cost / Classifier Demand $147,300,294 $22,237,971 $14,460,642 $52,186,298 $50,699,611 $7,282,940 $432,832 Energy $22,114,052 $3,524,837 $1,618,382 $7,345,860 $8,900,881 $683,593 $40,498 Customer $28,537,688 $6,707,376 $1,279,106 $15,356,854 $3,751,894 $1,442,359 $99 Direct Assignment $9,909,699 $53,302 $79,953 $9,776,444 Total Cost / Classifier $207,861,733 $32,470,184 $17,358,130 $74,942,313 $63,432,339 $9,408,893 $10,249,874 FUNCTIONALIZATION AND CLASSIFICATION OF RATE BASE SUMMARY BY CUSTOMER CLASS Schedule 1.3 Last Updated: 3/10/2016 1:15 PM Schedule 1.3 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Forecast Year: 2017 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts  E‐18 Street/Traffic  Lights Power Purchases $76,183,327 $11,969,000 $5,693,446 $25,595,699 $30,382,353 $2,399,225 $143,604 Transmission/Ancillary Services Purchases $13,957,173 $2,216,312 $1,020,323 $4,648,913 $5,620,799 $423,347 $27,479 Other ‐$75,172 ‐$11,937 ‐$5,495 ‐$25,039 ‐$30,273 ‐$2,280 ‐$148 Total Production $90,065,328 $14,173,375 $6,708,273 $30,219,573 $35,972,879 $2,820,292 $170,935 Total Distribution $13,195,107 $2,038,394 $1,019,065 $4,848,242 $3,585,597 $608,679 $1,095,130 Total Operation & Maintenance $103,260,435 $16,211,769 $7,727,338 $35,067,816 $39,558,477 $3,428,970 $1,266,066 Total O&M w/o Purchased Power Supply & A&G $19,142,024 $3,863,685 $1,843,484 $6,586,454 $5,027,527 $725,614 $1,095,259 Total Customer Service, Accounts & Sales $5,946,916 $1,825,291 $824,420 $1,738,212 $1,441,929 $116,935 $129 Total Administrative & General $13,931,304 $2,811,937 $1,341,663 $4,793,532 $3,658,965 $528,092 $797,115 Total O&M plus A&G $123,138,655 $20,848,997 $9,893,420 $41,599,559 $44,659,372 $4,073,998 $2,063,309 Total Capital Projects Funded From Rates $13,501,250 $2,301,482 $1,107,223 $5,484,931 $3,899,486 $678,825 $29,304 Total General Fund Transfer $12,101,000 $1,864,587 $1,021,317 $4,412,352 $3,588,443 $574,072 $640,229 Revenue Requirement Before Reserve Transfers and Other Revenues $148,740,905 $25,015,066 $12,021,959 $51,496,843 $52,147,301 $5,326,895 $2,732,842 Revenue Req. Before Taxes, Reserve Transfers and Other Revenues $148,740,905 $25,015,066 $12,021,959 $51,496,843 $52,147,301 $5,326,895 $2,732,842 Total Transfers from Reserves and Allowances for Unspent Budget ‐$17,870,017 ‐$2,805,572 ‐$1,337,276 ‐$6,068,757 ‐$6,845,900 ‐$593,410 ‐$219,102 Total Other Revenues $8,382,909 $1,423,505 $665,546 $2,747,444 $2,860,047 $269,995 $416,373 REVENUE REQUIREMENT for COST ALLOCATION $122,487,979 $20,785,989 $10,019,138 $42,680,642 $42,441,354 $4,463,490 $2,097,367 SUMMARY OF REVENUE REQUIREMENT COST ALLOCATION Schedule 1.4 Last Updated: 3/10/2016 1:15 PM Schedule 1.4 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Historic Year: 2015 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic  Lights Total Distribution Plant $274,363,748 $41,782,826 $21,672,159 $99,181,158 $76,219,011 $12,628,632 $22,879,962 Total General Plant $23,436,856 $3,569,196 $1,851,291 $8,472,309 $6,510,824 $1,078,770 $1,954,465 Total Plant Before General Plant & Intangible $274,363,748 $41,782,826 $21,672,159 $99,181,158 $76,219,011 $12,628,632 $22,879,962 Total Gross Plant in Service $297,800,603 $45,352,022 $23,523,450 $107,653,467 $82,729,835 $13,707,402 $24,834,427 Total Accumulated Depreciation $131,788,193 $19,771,944 $9,512,109 $47,120,845 $33,500,340 $5,831,760 $16,051,195 Total Net Plant $166,012,410 $25,580,078 $14,011,342 $60,532,622 $49,229,494 $7,875,642 $8,783,232 Total Working Capital $30,362,956 $5,140,849 $2,439,473 $10,257,426 $11,011,900 $1,004,547 $508,761 TOTAL RATE BASE $196,375,366 $30,720,927 $16,450,815 $70,790,048 $60,241,394 $8,880,189 $9,291,993 Total Construction Work In Progress $11,486,367 $1,749,258 $907,315 $4,152,266 $3,190,945 $528,704 $957,880 TOTAL RATE BASE plus Construction Work In Progress $207,861,733 $32,470,184 $17,358,130 $74,942,313 $63,432,339 $9,408,893 $10,249,874 SUMMARY OF RATE BASE COST ALLOCATIONS Schedule 1.5 Last Updated: 3/10/2016 1:15 PM Schedule 1.5 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Historic Year: 2015 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic  Lights Recorded Load Data Energy Sales (kWh)952,681,486 150,866,189 70,484,515 303,932,544 396,348,590 29,152,302 1,897,346 Total Billing Capacity (kVa)1,521,344 773,606 747,738 Avg. Monthly Billing Capacity (kVa)126,779 64,467 62,312 Number of Customers 29,339 25,341 3,073 736 66 123 1 Ratio of NCP to Avg. Billing Capacity 99% 99% Rate Classes NCP Demand at Meter 177,573 27,808 17,374 63,599 61,411 6,775 607 Estimates Based on Recorded Data Annual NCP Load Factor 61% 62% 46% 55% 74% 49% 36% Rate Classes CP Demand at Input Voltage 169,623 21,594 17,963 62,227 61,674 5,712 454 Annual CP Load Factor 64% 80% 45% 56% 73% 58% 48% Average On‐Peak kWh as a % of Total kWh 66% 66% 66% 66% 66% 66% Average Off‐Peak kWh as a % of Total kWh 34% 34% 34% 34% 34% 34% SUMMARY OF HISTORIC LOAD DATA Schedule 1.6 Last Updated: 3/10/2016 1:15 PM Schedule 1.6 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Forecast Year: 2017 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic  Lights Forecast Load Data Energy Sales (kWh)969,925,801 153,030,312 70,450,509 320,994,871 394,321,824 29,230,939 1,897,346 Total Billing Capacity (kVa)1,521,344 773,606 747,738 Avg. Monthly Billing Capacity (kVa)126,779 64,467 62,312 Number of Customers 29,339 25,341 3,073 736 66 123 1 Ratio of NCP to Avg. Billing 197% 99% 99% Rate Classes NCP Demand at Meter 181,222 27,600 18,470 63,599 61,411 9,534 607 Forecast Based on Recorded and Forecast Data Annual NCP Load Factor 61% 63% 44% 58% 73% 35% 36% Rate Classes CP Demand at Input Voltage 168,329 21,188 18,821 62,227 61,674 3,980 439 Annual CP Load Factor 66% 82% 43% 59% 73% 84% 49% Schedule 1.7 SUMMARY OF FORECAST LOAD DATA Last Updated: 3/10/2016 1:15 PM Schedule 1.7 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Forecast Year: 2017 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts  E‐18 Street/Traffic  Lights Western Power Purchases $12,806,834 $1,950,721 $986,135 $4,365,205 $5,076,817 $404,080 $23,876 NCPA Pooling $2,472,030 $392,543 $180,715 $823,394 $995,530 $74,981 $4,867 NCPA Facilities $2,721,836 $432,211 $198,977 $906,601 $1,096,131 $82,558 $5,359 Local Capacity Purchase $1,055,340 $124,873 $102,853 $402,737 $383,430 $40,058 $1,388 Load Advance Renewable Energy $36,272,543 $5,713,498 $2,679,559 $12,137,404 $14,562,469 $1,108,948 $70,665 Carbon Neutral Purchases (REC)$229,965 $36,517 $16,811 $76,598 $92,611 $6,975 $453 Market Power Purchases $7,112,993 $1,129,499 $519,987 $2,369,225 $2,864,528 $215,750 $14,004 Demand Side Renewable Energy $1,555,878 $324,484 $114,004 $491,591 $528,951 $96,847 Calaveras O&M $11,955,908 $1,864,655 $894,406 $4,022,943 $4,781,886 $369,027 $22,992 Transmission/Ancillary Services Purchases Transmission Costs $13,957,173 $2,216,312 $1,020,323 $4,648,913 $5,620,799 $423,347 $27,479 Salaries & Benefits ‐ Resource Mgmt $2,073,843 $329,313 $151,606 $690,764 $835,173 $62,903 $4,083 Carbon Allowance Revenues ‐$4,296,000 ‐$682,178 ‐$314,054 ‐$1,430,930 ‐$1,730,075 ‐$130,306 ‐$8,458 General Expense (Resource Mgmt)$796,548 $126,487 $58,231 $265,318 $320,784 $24,161 $1,568 Allocated G&A $1,350,437 $214,441 $98,722 $449,809 $543,845 $40,961 $2,659 Total Power Supply $90,065,328 $14,173,375 $6,708,273 $30,219,573 $35,972,879 $2,820,292 $170,935 SUMMARY OF POWER SUPPLY COSTS Schedule 1.8 Last Updated: 3/10/2016 1:15 PM Schedule 1.8 Page 1 of 1 Prepared By EES Consulting, Inc. Last Updated: 3/10/2016 1:15 PM Schedule 1.9 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Forecast Year: 2017 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Billing Determinants Total kVa 1,521,344 773,606 747,738 Total Demand (kW) 2,098,690 304,102 190,983 773,606 747,738 76,890 5,371 Total Energy (kWh) 969,925,801 153,030,312 70,450,509 320,994,871  394,321,824 29,230,939 1,897,346 Average Monthly Customers 29,339 25,341 3,073 736 66 123 1 Functional Cost Total Cost Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Production Demand (PD)$4,205,945 $497,669 $409,908 $1,605,067 $1,528,121 $159,647 $5,534 $/kW $1.64 $2.15 $2.07 $2.04 $2.08 $1.03 or $/kVa $2.07 $2.04 Energy (PE)$69,412,241 $11,064,767 $5,080,769 $23,048,647 $27,943,724 $2,148,631 $125,704 $/kWh $0.072 $0.072 $0.072 $0.071 $0.074 $0.066 Distribution Demand (DD)$32,680,740 $4,943,138 $3,208,606 $11,570,988 $11,242,417 $1,619,102 $96,489 $/kW $16.25 $16.80 $14.96 $15.04 $21.06 $17.96 or $/kVa $14.96 $15.04 Customer (DC)$13,828,371 $4,280,415 $1,319,855 $6,259,437 $1,432,336 $536,110 $217 $/Customer/Month $14 $36 $709 $1,811 $365 $18 Direct Assignment (DDA)$2,360,683 $196,504 $294,755 $1,869,424 $/kW $0.25 $0.39 $348.06 $/kVa $0.25 $0.39 $/kWh $0.001 $0.001 $0.985 Total $122,487,979 $20,785,989 $10,019,138 $42,680,642 $42,441,354 $4,463,490 $2,097,367 Total $/kW $17.89 $18.95 $17.29 $17.47 $23.13 $367.06 $/kWh $0.07230 $0.072 $0.072 $0.072 $0.074 $1.052 $/Customer/Month $14.08 $35.79 $708.80 $1,810.79 $364.70 $18.12 SUMMARY OF REVENUE REQUIREMENT UNIT COSTS BY CUSTOMER CLASS Schedule 2.1 Last Updated: 3/10/2016 1:15 PM Schedule 2.1 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto ‐ 100% Demand Forecast Year: 2016 Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Billing Determinants Total kVa 1,521,344 773,606 747,738 Total Demand (kW) 2,098,690 304,102 190,983 773,606 747,738 76,890 5,371 Total Energy (kWh) 969,925,801 153,030,312 70,450,509 320,994,871  394,321,824 29,230,939 1,897,346 Average Monthly Customers 29,339 25,341 3,073 736 66 123 1 Functional Cost Total Cost Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Production Demand (PD)$1,254,278 $148,413 $122,241 $478,656 $455,710 $47,609 $1,650 $/kW $0.49 $0.64 $0.62 $0.61 $0.62 $0.31 Energy (PE)$22,114,052 $3,524,837 $1,618,382 $7,345,860 $8,900,881 $683,593 $40,498 $/kWh $0.023 $0.023 $0.023 $0.023 $0.023 $0.023 $0.021 Distribution Demand (DD)$146,046,015 $22,089,558 $14,338,402 $51,707,642 $50,243,901 $7,235,331 $431,182 $/kW $72.64 $75.08 $66.84 $67.19 $94.10 $80.28 Customer (DC)$28,537,688 $6,707,376 $1,279,106 $15,356,854 $3,751,894 $1,442,359 $99 $/Customer/Month $22 $35 $1,739 $4,743 $981 $8 Direct Assignment (DDA)$9,909,699 $53,302 $79,953 $9,776,444 $/kW $0.07 $0.11 $1,820.25 $/kWh $0.000 $0.000 $5.153 Total $207,861,733 $32,470,184 $17,358,130 $74,942,313 $63,432,339 $9,408,893 $10,249,874 SUMMARY OF RATE BASE UNIT COST BY CUSTOMER CLASS Schedule 2.2 Last Updated: 3/10/2016 1:15 PM Schedule 2.2 Page 1 of 1 Prepared By EES Consulting, Inc. City of Palo Alto INPUT REVENUE REQUIREMENT Schedule 3.1 Year Classification 2017 & Allocation Cost, $FunctionFactor Classification & Allocation Method FERC Account Operation & Maintenance Expense Power Purchases 555.70  Western Power Purchases $12,806,834 PWESTWestern Cost (84% E, 16% D) 555.71  Contra Surplus Energy PkWhAnnual Energy (kWh) 555.72  NCPA Pooling $2,472,030 PkWhAnnual Energy (kWh) 555.73  NCPA Facilities $2,721,836 PkWhAnnual Energy (kWh) 555.74  Local Capacity Purchase $1,055,340 PCP1212 Coincident Utility Peak 555.75  Load Advance PkWhAnnual Energy (kWh) 555.76  Renewable Energy $36,272,543 PRENRenewable (92% E, 3% D) 555.77  Carbon Neutral Purchases (REC)$229,965 PkWhAnnual Energy (kWh) 555.78  Market Power Purchases $7,112,993 PkWhAnnual Energy (kWh) OTHER RESOURCES 555.50  Demand Side Renewable Energy $1,555,878 PDSREDemand‐Side Renewable Energy Allocator 555.60  Alt Resources Renewable Energy DSM PkWhAnnual Energy (kWh) XXXX Calaveras O&M $11,955,908 PCALACalaveras Cost (93% E, 7% D) Transmission/Ancillary Services Purchases XXXX Transmission Costs $13,957,173 PkWhAnnual Energy (kWh) Other  555.20  Salaries & Benefits ‐ Resource Mgmt $2,073,843 PkWhAnnual Energy (kWh) 555.30  Carbon Allowance Revenues ‐$4,296,000 PkWhAnnual Energy (kWh) 555.40  General Expense (Resource Mgmt)$796,548 PkWhAnnual Energy (kWh) 555.45  Allocated G&A $1,350,437 PKWhAnnual Energy (kWh) Total Purchased Power $90,065,328 Total Production $90,065,328 Distribution 580.00  Op. Supervision & Engineering $3,314,847 DRBD‐NoDA As Distribution Ratebase without DA Street Lighting 581.00  Load Dispatching DRBSEOn the Basis of Station Equipment Rate Base 582.00  Line and Station Expenses DRBSEOn the Basis of Station Equipment Rate Base 583.00  Overhead Lines DRBOHOn the Basis of all Overhead Rate Base 584.00  Underground Lines DRBUGOn the Basis of all Underground Rate Base 585.00  Street Lighting & Signal System $869,624 DDA1Direct Assignment for Streetlights 586.00  Meters DCUSTWCustomers Weighted for Accounting/Metering 587.00  Customer Installations DCUSTWCustomers Weighted for Accounting/Metering 588.00  Misc. Distribution $3,537,760 DRBD‐NoDA As Distribution Ratebase without DA Street Lighting 589.00  Rents $318,470 DRBD‐NoDA As Distribution Ratebase without DA Street Lighting 590.00  Maint. Supervision & Engineering $3,092,997 DRBD‐NoDA As Distribution Ratebase without DA Street Lighting 591.00  Maint. of Structures DRBSEOn the Basis of Station Equipment Rate Base 592.00  Maint. of Station Equipment DRBSEOn the Basis of Station Equipment Rate Base 592.10  Maint. of Structures and Equipment DRBSEOn the Basis of Station Equipment Rate Base 593.00  Maint. of Overhead Lines $1,510,766 DRBOHOn the Basis of all Overhead Rate Base 594.00  Maint. Of Underground Lines DRBUGOn the Basis of all Underground Rate Base 594.10  Maint. of Lines DRBUGOn the Basis of all Underground Rate Base Last Updated: 3/10/2016 1:15 PM Schedule 3.1 Page 1 of 3 Prepared By EES Consulting, Inc. City of Palo Alto INPUT REVENUE REQUIREMENT Schedule 3.1 Year Classification 2017 & Allocation Cost, $FunctionFactor Classification & Allocation Method 595.00  Maint. of Line Transformers DRBTROn the Basis of all Transformer Rate Base 595.00  Maint. of Line Transformers ‐ Underground DRBTROn the Basis of all Transformer Rate Base 596.00  Maint. of Street Lighting & Signal System $198,001 DDA1Direct Assignment for Streetlights 597.00  Maint. of Meters DCUSTMCustomers Weighted for Meters and Services 598.00  Maint. of Misc. Distribution Plant DRBD‐NoDA As Distribution Ratebase without DA Street Lighting 598.10  Communication O&M $352,642 DRBD‐NoDA As Distribution Ratebase without DA Street Lighting XXXX Other DRBD‐NoDA As Distribution Ratebase without DA Street Lighting XXXX Other DRBD‐NoDA As Distribution Ratebase without DA Street Lighting Total Distribution $13,195,107 Total Operation & Maintenance $103,260,435 Customer Service, Accounts, & Sales 901/907/911 Supervision $718,334 DCUSTWCustomers Weighted for Accounting/Metering 902.00  Meter Reading $390,328 DCUSTMRCustomers Weighted for Meter Reading 903.00  Customer Records Collection $487,803 DCREDITCredit & Collections (35% Residential) 904.00  Uncollectable Accounts $141,023 DCREDITCredit & Collections (35% Residential) 905.00  Misc. Customer Accounts DCUSTActual Customers 906.00  Customer Service & Information $176,793 DCUST SERV Customer Service (60% Residential) 907.00  Customer Communication & Education DCUSTActual Customers 908.00  Customer Assistance DCUSTActual Customers 910.00  Misc. Customer Service & Information DCUSTActual Customers 912.00  Demonstrating & Selling DCUSTActual Customers 913.00  Advertising DCUSTActual Customers 916.00  Misc. Sales Expenses $996,000 DCUST SERV Customer Service (60% Residential) 917.00  Sales Expenses DOMOn the Basis of All O&M 906.10  Key Accounts $312,784 DDA2Direct Assignment for Key Accounts 906.20  Energy Efficiency & DSM $2,417,900 PDSMEEDSM / EE Allocator: 906.30  Low Income Residential Energy Assistance Program $305,952 PDSMEEDSM / EE Allocator: Total Customer Service, Accounts & Sales $5,946,916 Total O&M w/o Purchased Power Supply & A&G $19,142,024 Administrative & General 920.00  Administrative & General Salaries $5,245,712 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 921.00  Office Supplies $36,700 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 922.00  Administrative Transfer ‐ Credit SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 923.00  Outside Services $487,748 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 924.00  Property Insurance SS NETPLT On the Basis of Net Plant 925.00  Injuries and Damages $10,864 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 926.00  Employee Pension & Benefits $1,142,543 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 927.00  Franchise Requirements SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 928.00  Regulatory Expense SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 929.00  Duplicate Charge ‐ Credit SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 930.10  General Advertising SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 930.20  Misc. General Expense $1,934,446 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 930.30  Environmental $77,118 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 931.00  Rents $4,996,173 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) Last Updated: 3/10/2016 1:15 PM Schedule 3.1 Page 2 of 3 Prepared By EES Consulting, Inc. City of Palo Alto INPUT REVENUE REQUIREMENT Schedule 3.1 Year Classification 2017 & Allocation Cost, $FunctionFactor Classification & Allocation Method 932.00  Maint. of General Plant & Communication Equipment SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 933.00  Transportation SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 935.00  Maintenance of General Plant SS OMAG On the Basis of O&M (w/o Power Supply and A&G) Total Administrative & General $13,931,304 Total O&M plus A&G $123,138,655 Taxes 408.00  Property Tax SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) Total Taxes Capital Projects Funded From Rates Production PRBGOn the Basis of Generation Rate Base Transmission TRBTOn the Basis of Transmission Rate Base Distribution $13,501,250 DRBD‐NoDA As Distribution Ratebase without DA Street Lighting General SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) Total Capital Projects Funded From Rates $13,501,250 Revenue Requirement Before Transfers and Other Revenues  Other Contributions Transfers from Reserves and Allowances for Unspent Budget ‐$17,870,017 SS OM On the Basis of All O&M General Fund Transfer $12,101,000 SS NETPLT On the Basis of Net Plant Total Other Contributions ‐$5,769,017 Revenue Requirement Before Reserve Transfers and Other Revenues $148,740,905 Revenue Req. Before Taxes, Reserve Transfers and Other Revenues $148,740,905 Other Revenues 450.00  Forfeited Deposits SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 451.00  Misc. Service Revenues $167,200 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 454.00  Rent ‐ Electric Properties SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 456.00  Misc. Revenue (Other)$2,507,700 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 457.00  Transfer Credits $135,386 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 458.00  Low Hydro Transfers PkwhAnnual Energy (kWh) 419&424 Dividends from Affiliates, Interest SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 449.00  Other Revenue SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 415&416 Income (Loss) from Equity Investments $198,500 SS OMAG On the Basis of O&M (w/o Power Supply and A&G) 444.20  Street Light Revenue DCUSTMCustomers Weighted for Meters and Services 421&429 Traffic Signal Transfer from General Fund $233,984 DDA1Direct Assignment for Streetlights 446.00  Green Power $45,085 PkWhAnnual Energy (kWh) XXXX Surplus Energy Revenues $5,084,054 PkWhAnnual Energy (kWh) Total Other Revenues $8,382,909 REVENUE REQUIREMENT for COST ALLOCATION $122,487,979 Last Updated: 3/10/2016 1:15 PM Schedule 3.1 Page 3 of 3 Prepared By EES Consulting, Inc. FERC Account 555.70   555.71   555.72   555.73   555.74   555.75   555.76   555.77   555.78   555.50   555.60   XXXX XXXX 555.20   555.30   555.40   555.45   580.00   581.00   582.00   583.00   584.00   585.00   City of Palo Alto Total 2015 Expenses 2016 2017 2018 2019 2020 Operation & Maintenance Expense Power Purchases Western Power Purchases $11,251,000 $11,521,895 $12,806,834 $12,806,834 $12,806,834 $12,806,834 Contra Surplus Energy NCPA Pooling $2,609,000 $2,489,570 $2,472,030 $2,472,030 $2,472,030 $2,472,030 NCPA Facilities $1,958,000 $3,799,711 $2,721,836 $2,721,836 $2,721,836 $2,721,836 Local Capacity Purchase $1,383,000 $1,059,322 $1,055,340 $1,055,340 $1,055,340 $1,055,340 Load Advance Renewable Energy $16,361,000 $22,711,901 $36,272,543 $36,272,543 $36,272,543 $36,272,543 Carbon Neutral Purchases (REC)$542,000 $606,088 $229,965 $229,965 $229,965 $229,965 Market Power Purchases $14,249,000 $12,952,695 $7,112,993 $7,112,993 $7,112,993 $7,112,993 OTHER RESOURCES Demand Side Renewable Energy $2,250,171 $2,256,075 $1,555,878 $1,555,878 $1,555,878 $1,555,878 Alt Resources Renewable Energy DSM Calaveras O&M $11,756,000 $12,151,449 $11,955,908 $11,955,908 $11,955,908 $11,955,908 Transmission/Ancillary Services Purchases Transmission Costs $14,850,000 $12,005,787 $13,957,173 $13,957,173 $13,957,173 $13,957,173 Other  Salaries & Benefits ‐ Resource Mgmt $1,454,687 $2,066,695 $2,073,843 $2,073,843 $2,073,843 $2,073,843 Carbon Allowance Revenues ‐$4,296,000 ‐$4,296,000 ‐$4,296,000 ‐$4,296,000 ‐$4,296,000 ‐$4,296,000 General Expense (Resource Mgmt)$710,740 $729,232 $796,548 $796,548 $796,548 $796,548 Allocated G&A $1,254,368 $1,350,437 $1,350,437 $1,350,437 $1,350,437 $1,350,437 Total Purchased Power $76,332,966 $81,404,857 $90,065,328 $90,065,328 $90,065,328 $90,065,328 Total Production $76,332,966 $81,404,857 $90,065,328 $90,065,328 $90,065,328 $90,065,328 Distribution Op. Supervision & Engineering $2,749,336 $3,315,025 $3,314,847 $3,381,144 $3,448,767 $3,517,743 Load Dispatching Line and Station Expenses Overhead Lines Underground Lines Street Lighting & Signal System $860,619 $843,545 $869,624 $887,016 $904,757 $922,852 PROJECTED REVENUE REQUIREMENTS Schedule 3.2 Last Updated: 3/10/2016 1:16 PM Schedule 3.2 Page 1 of 4 Prepared By EES Consulting, Inc. 586.00   587.00   588.00   589.00   590.00   591.00   592.00   592.10   593.00   594.00   594.10   595.00   595.00   596.00   597.00   598.00   598.10   XXXX XXXX 901/907/911 902.00   903.00   904.00   905.00   906.00   907.00   908.00   910.00   912.00   City of Palo Alto Total 2015 Expenses 2016 2017 2018 2019 2020 PROJECTED REVENUE REQUIREMENTS Schedule 3.2 Meters Customer Installations Misc. Distribution $2,299,091 $2,304,516 $3,537,760 $3,608,515 $3,680,686 $3,754,299 Rents $214,400 $310,400 $318,470 $324,839 $331,336 $337,963 Maint. Supervision & Engineering $2,697,138 $3,093,886 $3,092,997 $3,154,857 $3,217,954 $3,282,314 Maint. of Structures Maint. of Station Equipment Maint. of Structures and Equipment Maint. of Overhead Lines $1,479,858 $1,502,814 $1,510,766 $1,540,981 $1,571,801 $1,603,237 Maint. Of Underground Lines Maint. of Lines Maint. of Line Transformers Maint. of Line Transformers ‐ Underground Maint. of Street Lighting & Signal System $185,979 $198,001 $198,001 $201,961 $206,000 $210,120 Maint. of Meters Maint. of Misc. Distribution Plant Communication O&M $318,092 $338,641 $352,642 $337,177 $343,539 $349,901 Other Other Total Distribution $10,804,513 $11,906,828 $13,195,107 $13,436,492 $13,704,840 $13,978,428 Total Operation & Maintenance $87,137,479 $93,311,685 $103,260,435 $103,501,819 $103,770,167 $104,043,755 Customer Service, Accounts, & Sales Supervision $664,307 $724,258 $718,334 $732,701 $747,355 $762,302 Meter Reading $298,424 $373,288 $390,328 $398,135 $406,097 $414,219 Customer Records Collection $547,945 $487,803 $487,803 $497,560 $507,511 $517,661 Uncollectable Accounts $135,704 $141,644 $141,023 $143,843 $146,720 $149,654 Misc. Customer Accounts Customer Service & Information $190,513 $176,793 $176,793 $180,329 $183,935 $187,614 Customer Communication & Education Customer Assistance Misc. Customer Service & Information Demonstrating & Selling Last Updated: 3/10/2016 1:16 PM Schedule 3.2 Page 2 of 4 Prepared By EES Consulting, Inc. 913.00   916.00   917.00   906.10   906.20   906.30   920.00   921.00   922.00   923.00   924.00   925.00   926.00   927.00   928.00   929.00   930.10   930.20   930.30   931.00   932.00   933.00   935.00   408.00   City of Palo Alto Total 2015 Expenses 2016 2017 2018 2019 2020 PROJECTED REVENUE REQUIREMENTS Schedule 3.2 Advertising Misc. Sales Expenses $996,000 $996,000 $996,000 $1,015,920 $1,036,238 $1,056,963 Sales Expenses Key Accounts $299,195 $313,752 $312,784 $319,039 $325,420 $331,928 Energy Efficiency & DSM $2,115,545 $2,245,302 $2,417,900 $2,466,258 $2,515,583 $2,565,894 Low Income Residential Energy Assistance Program $292,243 $305,952 $305,952 $312,071 $318,313 $324,679 Total Customer Service, Accounts & Sales $5,539,876 $5,764,791 $5,946,916 $6,065,855 $6,187,172 $6,310,915 Total O&M w/o Purchased Power Supply & A&G $16,344,389 $17,671,620 $19,142,024 $19,502,346 $19,892,012 $13,978,428 Administrative & General Administrative & General Salaries $4,781,200 $5,245,712 $5,245,712 $5,350,626 $5,457,639 $5,566,792 Office Supplies $40,000 $36,700 $36,700 $37,434 $38,183 $38,946 Administrative Transfer ‐ Credit Outside Services $30,000 $487,748 $487,748 $497,503 $507,453 $517,602 Property Insurance Injuries and Damages $5,794 $10,864 $10,864 $11,081 $11,303 $11,529 Employee Pension & Benefits $1,004,817 $1,142,543 $1,142,543 $1,165,394 $1,188,702 $1,212,476 Franchise Requirements Regulatory Expense Duplicate Charge ‐ Credit General Advertising Misc. General Expense $1,874,081 $1,935,081 $1,934,446 $1,973,135 $2,012,598 $2,052,850 Environmental $77,118 $77,118 $77,118 $78,660 $80,234 $81,838 Rents $3,850,594 $4,869,565 $4,996,173 $5,096,096 $5,198,018 $5,301,979 Maint. of General Plant & Communication Equipment Transportation  Maintenance of General Plant Total Administrative & General $11,663,603 $13,805,331 $13,931,304 $14,209,930 $14,494,128 $14,784,011 Total O&M plus A&G $104,340,959 $112,881,807 $123,138,655 $123,777,604 $124,451,468 $125,138,682 Taxes Property Tax Total Taxes Capital Projects Funded From Rates Last Updated: 3/10/2016 1:16 PM Schedule 3.2 Page 3 of 4 Prepared By EES Consulting, Inc. 450.00   451.00   454.00   456.00   457.00   458.00   419&424 449.00   415&416 444.20   421&429 446.00   XXXX City of Palo Alto Total 2015 Expenses 2016 2017 2018 2019 2020 PROJECTED REVENUE REQUIREMENTS Schedule 3.2 Production  Transmission  Distribution $7,781,000 $14,666,639 $13,501,250 $16,306,888 $20,477,804 $10,735,893 General  Total Capital Projects Funded From Rates $7,781,000 $14,666,639 $13,501,250 $16,306,888 $20,477,804 $10,735,893 Revenue Requirement Before Transfers and Other Revenu Other Contributions Transfers from Reserves and Allowances for Unspent Budget ‐$17,870,017 ‐$9,245,124 ‐$7,849,878 $909,000 General Fund Transfer $11,397,790 $11,725,000 $12,101,000 $12,343,020 $12,589,880 $12,841,678 Total Other Contributions $11,397,790 $11,725,000 ‐$5,769,017 $3,097,896 $4,740,002 $13,750,678 Revenue Requirement Before Reserve Transfers and Other $123,519,749 $139,273,446 $148,740,905 $152,427,512 $157,519,152 $148,716,253 Revenue Req. Before Taxes, Reserve Transfers and Other R $123,519,749 $139,273,446 $148,740,905 $152,427,512 $157,519,152 $148,716,253 Other Revenues Forfeited Deposits Misc. Service Revenues $167,200 $167,200 $167,200 $170,544 $173,955 $177,434 Rent ‐ Electric Properties Misc. Revenue (Other)$11,000 $11,000 $2,507,700 $2,557,854 $2,609,011 $2,661,191 Transfer Credits $666,667 $135,386 $135,386 Low Hydro Transfers $15,000,000 Dividends from Affiliates, Interest Other Revenue $300,676 $198,500 Income (Loss) from Equity Investments $198,500 $202,470 $206,519 $210,650 Street Light Revenue Traffic Signal Transfer from General Fund $233,984 $233,984 $233,984 $233,984 $233,984 Green Power $165,900 $56,000 $45,085 $45,987 $46,906 $47,845 Surplus Energy Revenues $2,316,000 $3,684,054 $5,084,054 $5,084,054 $5,084,054 $5,084,054 Total Other Revenues $6,325,543 $21,993,824 $8,382,909 $8,306,113 $8,365,874 $8,426,831 REVENUE REQUIREMENT for COST ALLOCATION $117,194,206 $117,279,622 $122,487,979 $134,876,275 $141,303,399 $141,198,422 Last Updated: 3/10/2016 1:16 PM Schedule 3.2 Page 4 of 4 Prepared By EES Consulting, Inc. FERC Account 555.70   555.71   555.72   555.73   555.74   555.75   555.76   555.77   555.78   555.50   555.60   XXXX XXXX 555.20   555.30   555.40   555.45   580.00   581.00   582.00   583.00   584.00   585.00   586.00   587.00   588.00   589.00   590.00   591.00   592.00   592.10   593.00   594.00   594.10   595.00   595.00   596.00   597.00   598.00   Allocation Date 2017 Direct Direct Total Demand Energy Demand Energy Assignment Demand Customer Assignment Expenses PD PE TD TE TDA DD DC DDA Total Check Operation & Maintenance Expense Power Purchases Western Power Purchases $12,806,834 $2,049,093 $10,757,741 Contra Surplus Energy NCPA Pooling $2,472,030 $2,472,030 NCPA Facilities $2,721,836 $2,721,836 Local Capacity Purchase $1,055,340 $1,055,340 Load Advance Renewable Energy $36,272,543 $1,145,449 $35,127,094 Carbon Neutral Purchases (REC) $229,965 $229,965 Market Power Purchases $7,112,993 $7,112,993 OTHER RESOURCES Demand Side Renewable Energy $1,555,878 $1,555,878 Alt Resources Renewable Energy DSM Calaveras O&M $11,955,908 $836,914 $11,118,995 Transmission/Ancillary Services Purchases Transmission Costs $13,957,173 $13,957,173 Other  Salaries & Benefits ‐ Resource Mgmt $2,073,843 $2,073,843 Carbon Allowance Revenues ‐$4,296,000 ‐$4,296,000 General Expense (Resource Mgmt) $796,548 $796,548 Allocated G&A $1,350,437 $1,350,437 Total Purchased Power $90,065,328 $5,086,796 $84,978,532 Total Production $90,065,328 $5,086,796 $84,978,532 Distribution Op. Supervision & Engineering $3,314,847 $2,436,476 $878,372 Load Dispatching Line and Station Expenses Overhead Lines Underground Lines Street Lighting & Signal System $869,624 $869,624 Meters Customer Installations Misc. Distribution $3,537,760 $2,600,321 $937,439 Rents $318,470 $234,082 $84,388 Maint. Supervision & Engineering $3,092,997 $2,273,412 $819,585 Maint. of Structures Maint. of Station Equipment Maint. of Structures and Equipment Maint. of Overhead Lines $1,510,766 $1,510,766 Maint. Of Underground Lines Maint. of Lines Maint. of Line Transformers Maint. of Line Transformers ‐ Underground Maint. of Street Lighting & Signal System $198,001 $198,001 Maint. of Meters Maint. of Misc. Distribution Plant Production Transmission Distribution FUNCTIONALIZATION AND CLASSIFICATION Schedule 3.3 REVENUE REQUIREMENT COST ALLOCATION Last Updated: 3/10/2016 1:16 PM Schedule 3.3 Page 1 of 3 Prepared By EES Consulting, Inc. 598.10   XXXX XXXX 901/907/911 902.00   903.00   904.00   905.00   906.00   907.00   908.00   910.00   912.00   913.00   916.00   917.00   906.10   906.20   906.30   920.00   921.00   922.00   923.00   924.00   925.00   926.00   927.00   928.00   929.00   930.10   930.20   930.30   931.00   932.00   933.00   935.00   408.00   Allocation Date 2017 Direct Direct Total Demand Energy Demand Energy Assignment Demand Customer Assignment Expenses PD PE TD TE TDA DD DC DDA Total Check Production Transmission Distribution FUNCTIONALIZATION AND CLASSIFICATION Schedule 3.3 REVENUE REQUIREMENT COST ALLOCATION Communication O&M $352,642 $259,199 $93,443 Other Other Total Distribution $13,195,107 $9,314,255 $2,813,228 $1,067,625 Total Operation & Maintenance $103,260,435 $5,086,796 $84,978,532 $9,314,255 $2,813,228 $1,067,625 Customer Service, Accounts, & Sales Supervision $718,334 $718,334 Meter Reading $390,328 $390,328 Customer Records Collection $487,803 $487,803 Uncollectable Accounts $141,023 $141,023 Misc. Customer Accounts Customer Service & Information $176,793 $176,793 Customer Communication & Education Customer Assistance Misc. Customer Service & Information Demonstrating & Selling Advertising Misc. Sales Expenses $996,000 $996,000 Sales Expenses Key Accounts $312,784 $312,784 Energy Efficiency & DSM $2,417,900 $2,417,900 Low Income Residential Energy Assistance Program $305,952 $305,952 Total Customer Service, Accounts & Sales $5,946,916 $2,723,852 $2,910,281 $312,784 Total O&M w/o Purchased Power Supply & A&G $19,142,024 $2,723,852 $9,314,255 $5,723,509 $1,380,408 Administrative & General Administrative & General Salaries $5,245,712 $746,449 $2,552,494 $1,568,480 $378,289 Office Supplies $36,700 $5,222 $17,858 $10,973 $2,647 Administrative Transfer ‐ Credit Outside Services $487,748 $69,405 $237,332 $145,838 $35,173 Property Insurance Injuries and Damages $10,864 $1,546 $5,286 $3,248 $783 Employee Pension & Benefits $1,142,543 $162,580 $555,946 $341,623 $82,393 Franchise Requirements Regulatory Expense Duplicate Charge ‐ Credit General Advertising Misc. General Expense $1,934,446 $275,266 $941,276 $578,404 $139,501 Environmental $77,118 $10,974 $37,525 $23,058 $5,561 Rents $4,996,173 $710,940 $2,431,071 $1,493,867 $360,294 Maint. of General Plant & Communication Equipment Transportation  Maintenance of General Plant Total Administrative & General $13,931,304 $1,982,382 $6,778,788 $4,165,492 $1,004,642 Total O&M plus A&G $123,138,655 $5,086,796 $89,684,766 $16,093,042 $9,889,001 $2,385,050 Taxes Property Tax Total Taxes Capital Projects Funded From Rates Last Updated: 3/10/2016 1:16 PM Schedule 3.3 Page 2 of 3 Prepared By EES Consulting, Inc. 450.00   451.00   454.00   456.00   457.00   458.00   419&424 449.00   415&416 444.20   421&429 446.00   XXXX Allocation Date 2017 Direct Direct Total Demand Energy Demand Energy Assignment Demand Customer Assignment Expenses PD PE TD TE TDA DD DC DDA Total Check Production Transmission Distribution FUNCTIONALIZATION AND CLASSIFICATION Schedule 3.3 REVENUE REQUIREMENT COST ALLOCATION Production  Transmission  Distribution $13,501,250 $9,923,675 $3,577,575 General  Total Capital Projects Funded From Rates $13,501,250 $9,923,675 $3,577,575 Revenue Requirement Before Transfers and Other Revenu Other Contributions Transfers from Reserves and Allowances for Unspent Budge ‐$17,870,017 ‐$880,309 ‐$14,706,192 ‐$1,611,904 ‐$486,851 ‐$184,761 General Fund Transfer $12,101,000 $9,740,954 $1,748,579 $611,467 Total Other Contributions ‐$5,769,017 ‐$880,309 ‐$14,706,192 $8,129,050 $1,261,729 $426,706 Revenue Requirement Before Reserve Transfers and Othe $148,740,905 $5,086,796 $89,684,766 $35,757,671 $15,215,155 $2,996,517 Revenue Req. Before Taxes, Reserve Transfers and Other R $148,740,905 $5,086,796 $89,684,766 $35,757,671 $15,215,155 $2,996,517 Other Revenues Forfeited Deposits Misc. Service Revenues $167,200 $23,792 $81,357 $49,993 $12,057 Rent ‐ Electric Properties Misc. Revenue (Other) $2,507,700 $356,838 $1,220,214 $749,808 $180,840 Transfer Credits $135,386 $19,265 $65,877 $40,481 $9,763 Low Hydro Transfers Dividends from Affiliates, Interest Other Revenue Income (Loss) from Equity Investments $198,500 $28,246 $96,587 $59,352 $14,315 Street Light Revenue Traffic Signal Transfer from General Fund $233,984 $233,984 Green Power $45,085 $45,085 Surplus Energy Revenues $5,084,054 $5,084,054 Total Other Revenues $8,382,909 $542 $5,566,333 $1,465,028 $899,934 $451,074 REVENUE REQUIREMENT for COST ALLOCATION $122,487,979 $4,205,945 $69,412,241 $32,680,740 $13,828,371 $2,360,683 Last Updated: 3/10/2016 1:16 PM Schedule 3.3 Page 3 of 3 Prepared By EES Consulting, Inc. FERC Account 555.70   555.71   555.72   555.73   555.74   555.75   555.76   555.77   555.78   555.50   555.60   XXXX XXXX 555.20   555.30   555.40   555.45   580.00   581.00   582.00   583.00   584.00   585.00   586.00   587.00   588.00   589.00   590.00   591.00   592.00   592.10   593.00   594.00   City of Palo Alto ‐ 100% Demand Allocation Date 2017 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Total Check Power Purchases Western Power Purchases $12,806,834 $1,950,721 $986,135 $4,365,205 $5,076,817 $404,080 $23,876 Contra Surplus Energy NCPA Pooling $2,472,030 $392,543 $180,715 $823,394 $995,530 $74,981 $4,867 NCPA Facilities $2,721,836 $432,211 $198,977 $906,601 $1,096,131 $82,558 $5,359 Local Capacity Purchase $1,055,340 $124,873 $102,853 $402,737 $383,430 $40,058 $1,388 Load Advance Renewable Energy $36,272,543 $5,713,498 $2,679,559 $12,137,404 $14,562,469 $1,108,948 $70,665 Carbon Neutral Purchases (REC) $229,965 $36,517 $16,811 $76,598 $92,611 $6,975 $453 Market Power Purchases $7,112,993 $1,129,499 $519,987 $2,369,225 $2,864,528 $215,750 $14,004 OTHER RESOURCES Demand Side Renewable Energy $1,555,878 $324,484 $114,004 $491,591 $528,951 $96,847 Alt Resources Renewable Energy DSM Calaveras O&M $11,955,908 $1,864,655 $894,406 $4,022,943 $4,781,886 $369,027 $22,992 Transmission/Ancillary Services Purchases Transmission Costs $13,957,173 $2,216,312 $1,020,323 $4,648,913 $5,620,799 $423,347 $27,479 Other  Salaries & Benefits ‐ Resource Mgmt $2,073,843 $329,313 $151,606 $690,764 $835,173 $62,903 $4,083 Carbon Allowance Revenues ‐$4,296,000 ‐$682,178 ‐$314,054 ‐$1,430,930 ‐$1,730,075 ‐$130,306 ‐$8,458 General Expense (Resource Mgmt) $796,548 $126,487 $58,231 $265,318 $320,784 $24,161 $1,568 Allocated G&A $1,350,437 $214,441 $98,722 $449,809 $543,845 $40,961 $2,659 Total Purchased Power $90,065,328 $14,173,375 $6,708,273 $30,219,573 $35,972,879 $2,820,292 $170,935 Total Production $90,065,328 $14,173,375 $6,708,273 $30,219,573 $35,972,879 $2,820,292 $170,935 Distribution Op. Supervision & Engineering $3,314,847 $565,063 $271,847 $1,346,669 $957,408 $166,666 $7,195 Load Dispatching Line and Station Expenses Overhead Lines Underground Lines Street Lighting & Signal System $869,624 $869,624 Meters Customer Installations Misc. Distribution $3,537,760 $603,062 $290,128 $1,437,228 $1,021,790 $177,874 $7,679 Rents $318,470 $54,288 $26,117 $129,380 $91,982 $16,012 $691 Maint. Supervision & Engineering $3,092,997 $527,246 $253,653 $1,256,541 $893,332 $155,512 $6,713 Maint. of Structures Maint. of Station Equipment Maint. of Structures and Equipment Maint. of Overhead Lines $1,510,766 $228,622 $148,399 $535,163 $519,234 $74,884 $4,463 Maint. Of Underground Lines REVENUE REQUIREMENT COST ALLOCATION BY CUSTOMER Schedule 3.4 Last Updated: 3/10/2016 1:16 PM Schedule 3.4 Page 1 of 4 Prepared By EES Consulting, Inc. FERC Account 594.10   595.00   595.00   596.00   597.00   598.00   598.10   XXXX XXXX 901/907/911 902.00   903.00   904.00   905.00   906.00   907.00   908.00   910.00   912.00   913.00   916.00   917.00   906.10   906.20   906.30   920.00   921.00   922.00   923.00   924.00   925.00   926.00   927.00   928.00   City of Palo Alto ‐ 100% Demand Allocation Date 2017 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Total Check REVENUE REQUIREMENT COST ALLOCATION BY CUSTOMER Schedule 3.4 Maint. of Lines Maint. of Line Transformers Maint. of Line Transformers ‐ Underground Maint. of Street Lighting & Signal System $198,001 $198,001 Maint. of Meters Maint. of Misc. Distribution Plant Communication O&M $352,642 $60,113 $28,920 $143,262 $101,852 $17,730 $765 Other Other Total Distribution $13,195,107 $2,038,394 $1,019,065 $4,848,242 $3,585,597 $608,679 $1,095,130 Total Operation & Maintenance $103,260,435 $16,211,769 $7,727,338 $35,067,816 $39,558,477 $3,428,970 $1,266,066 Customer Service, Accounts, & Sales Supervision $718,334 $312,734 $113,769 $245,213 $39,047 $7,559 $12 Meter Reading $390,328 $169,936 $61,821 $133,246 $21,218 $4,107 Customer Records Collection $487,803 $170,731 $243,691 $58,360 $5,227 $9,715 $79 Uncollectable Accounts $141,023 $49,358 $70,450 $16,872 $1,511 $2,808 $23 Misc. Customer Accounts Customer Service & Information $176,793 $106,076 $19,836 $42,753 $6,808 $1,318 $2 Customer Communication & Education Customer Assistance Misc. Customer Service & Information Demonstrating & Selling Advertising Misc. Sales Expenses $996,000 $597,600 $111,749 $240,860 $38,354 $7,425 $12 Sales Expenses Key Accounts $312,784 $125,113 $187,670 Energy Efficiency & DSM $2,417,900 $371,809 $180,291 $777,422 $1,013,810 $74,568 Low Income Residential Energy Assistance Program $305,952 $47,047 $22,813 $98,372 $128,284 $9,436 Total Customer Service, Accounts & Sales $5,946,916 $1,825,291 $824,420 $1,738,212 $1,441,929 $116,935 $129 Total O&M w/o Purchased Power Supply & A&G $19,142,024 $3,863,685 $1,843,484 $6,586,454 $5,027,527 $725,614 $1,095,259 Administrative & General Administrative & General Salaries $5,245,712 $1,058,811 $505,191 $1,804,963 $1,377,752 $198,848 $300,147 Office Supplies $36,700 $7,408 $3,534 $12,628 $9,639 $1,391 $2,100 Administrative Transfer ‐ Credit Outside Services $487,748 $98,449 $46,973 $167,826 $128,104 $18,489 $27,908 Property Insurance Injuries and Damages $10,864 $2,193 $1,046 $3,738 $2,853 $412 $622 Employee Pension & Benefits $1,142,543 $230,614 $110,033 $393,130 $300,081 $43,310 $65,373 Franchise Requirements Regulatory Expense Last Updated: 3/10/2016 1:16 PM Schedule 3.4 Page 2 of 4 Prepared By EES Consulting, Inc. FERC Account 929.00   930.10   930.20   930.30   931.00   932.00   933.00   935.00   408.00   450.00   451.00   454.00   456.00   457.00   458.00   419&424 449.00   415&416 444.20   City of Palo Alto ‐ 100% Demand Allocation Date 2017 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Total Check REVENUE REQUIREMENT COST ALLOCATION BY CUSTOMER Schedule 3.4 Duplicate Charge ‐ Credit General Advertising Misc. General Expense $1,934,446 $390,455 $186,298 $665,611 $508,070 $73,329 $110,684 Environmental $77,118 $15,566 $7,427 $26,535 $20,255 $2,923 $4,413 Rents $4,996,173 $1,008,443 $481,159 $1,719,101 $1,312,212 $189,389 $285,869 Maint. of General Plant & Communication Equipment Transportation  Maintenance of General Plant Total Administrative & General $13,931,304 $2,811,937 $1,341,663 $4,793,532 $3,658,965 $528,092 $797,115 Total O&M plus A&G $123,138,655 $20,848,997 $9,893,420 $41,599,559 $44,659,372 $4,073,998 $2,063,309 Taxes Property Tax Total Taxes Capital Projects Funded From Rates Production  Transmission  Distribution $13,501,250 $2,301,482 $1,107,223 $5,484,931 $3,899,486 $678,825 $29,304 General  Total Capital Projects Funded From Rates $13,501,250 $2,301,482 $1,107,223 $5,484,931 $3,899,486 $678,825 $29,304 Revenue Requirement Before Transfers and Other Revenue Other Contributions Transfers from Reserves and Allowances for Unspent Budget ‐$17,870,017 ‐$2,805,572 ‐$1,337,276 ‐$6,068,757 ‐$6,845,900 ‐$593,410 ‐$219,102 General Fund Transfer $12,101,000 $1,864,587 $1,021,317 $4,412,352 $3,588,443 $574,072 $640,229 Total Other Contributions ‐$5,769,017 ‐$940,985 ‐$315,959 ‐$1,656,404 ‐$3,257,457 ‐$19,337 $421,126 Revenue Requirement Before Reserve Transfers and Other $148,740,905 $25,015,066 $12,021,959 $51,496,843 $52,147,301 $5,326,895 $2,732,842 Revenue Req. Before Taxes, Reserve Transfers and Other R $148,740,905 $25,015,066 $12,021,959 $51,496,843 $52,147,301 $5,326,895 $2,732,842 Other Revenues Forfeited Deposits Misc. Service Revenues $167,200 $33,748 $16,102 $57,531 $43,914 $6,338 $9,567 Rent ‐ Electric Properties Misc. Revenue (Other) $2,507,700 $506,162 $241,506 $862,858 $658,631 $95,059 $143,484 Transfer Credits $135,386 $27,327 $13,038 $46,584 $35,558 $5,132 $7,746 Low Hydro Transfers Dividends from Affiliates, Interest Other Revenue Income (Loss) from Equity Investments $198,500 $40,066 $19,117 $68,301 $52,135 $7,525 $11,358 Street Light Revenue Last Updated: 3/10/2016 1:16 PM Schedule 3.4 Page 3 of 4 Prepared By EES Consulting, Inc. FERC Account 421&429 446.00   XXXX City of Palo Alto ‐ 100% Demand Allocation Date 2017 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7City Accounts E‐18 Street/Traffic Lights Total Check REVENUE REQUIREMENT COST ALLOCATION BY CUSTOMER Schedule 3.4 Traffic Signal Transfer from General Fund $233,984 $233,984 Green Power $45,085 $7,159 $3,296 $15,017 $18,157 $1,368 $89 Surplus Energy Revenues $5,084,054 $807,316 $371,664 $1,693,418 $2,047,438 $154,209 $10,010 Total Other Revenues $8,382,909 $1,423,505 $665,546 $2,747,444 $2,860,047 $269,995 $416,373 REVENUE REQUIREMENT for COST ALLOCATION $122,487,979 $20,785,989 $10,019,138 $42,680,642 $42,441,354 $4,463,490 $2,097,367 Last Updated: 3/10/2016 1:16 PM Schedule 3.4 Page 4 of 4 Prepared By EES Consulting, Inc. FERC Account 555.70   555.71   555.72   555.73   555.74   555.75   555.76   555.77   555.78   555.50   555.60   XXXX XXXX 555.20   555.30   555.40   555.45   580.00   581.00   582.00   583.00   584.00   585.00   586.00   587.00   588.00   589.00   590.00   591.00   592.00   City of Palo Alto ‐ 100% Demand Allocation Date 2016 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights Total Check Power Purchases Western Power Purchases Contra Surplus Energy NCPA Pooling NCPA Facilities Local Capacity Purchase Load Advance Renewable Energy Carbon Neutral Purchases (REC) Market Power Purchases OTHER RESOURCES Demand Side Renewable Energy Alt Resources Renewable Energy DSM Calaveras O&M Transmission/Ancillary Services Purchases Transmission Costs Other  Salaries & Benefits ‐ Resource Mgmt Carbon Allowance Revenues General Expense (Resource Mgmt) Allocated G&A Total Purchased Power Total Production Distribution Op. Supervision & Engineering Load Dispatching Line and Station Expenses Overhead Lines Underground Lines Street Lighting & Signal System $869,624 $869,624 Meters Customer Installations Misc. Distribution  Rents Maint. Supervision & Engineering Maint. of Structures Maint. of Station Equipment REVENUE REQUIREMENT COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Schedule 3.5 Last Updated: 3/10/2016 1:16 PM Schedule 3.5 Page 1 of 4 Prepared By EES Consulting, Inc. FERC Account 592.10   593.00   594.00   594.10   595.00   595.00   596.00   597.00   598.00   598.10   XXXX XXXX 901/907/911 902.00   903.00   904.00   905.00   906.00   907.00   908.00   910.00   912.00   913.00   916.00   917.00   906.10   906.20   906.30   920.00   921.00   922.00   City of Palo Alto ‐ 100% Demand Allocation Date 2016 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights Total Check REVENUE REQUIREMENT COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Schedule 3.5 Maint. of Structures and Equipment Maint. of Overhead Lines Maint. Of Underground Lines Maint. of Lines Maint. of Line Transformers Maint. of Line Transformers ‐ Underground Maint. of Street Lighting & Signal System $198,001 $198,001 Maint. of Meters Maint. of Misc. Distribution Plant Communication O&M Other Other Total Distribution $1,067,625 $1,067,625 Total Operation & Maintenance $1,067,625 $1,067,625 Customer Service, Accounts, & Sales Supervision Meter Reading Customer Records Collection Uncollectable Accounts Misc. Customer Accounts Customer Service & Information Customer Communication & Education Customer Assistance Misc. Customer Service & Information Demonstrating & Selling Advertising Misc. Sales Expenses Sales Expenses Key Accounts $312,784 $125,113 $187,670 Energy Efficiency & DSM Low Income Residential Energy Assistance Program Total Customer Service, Accounts & Sales $312,784 $125,113 $187,670 Total O&M w/o Purchased Power Supply & A&G $1,380,408 $125,113 $187,670 $1,067,625 Administrative & General Administrative & General Salaries $378,289 $34,286 $51,429 $292,574 Office Supplies $2,647 $240 $360 $2,047 Administrative Transfer ‐ Credit Last Updated: 3/10/2016 1:16 PM Schedule 3.5 Page 2 of 4 Prepared By EES Consulting, Inc. FERC Account 923.00   924.00   925.00   926.00   927.00   928.00   929.00   930.10   930.20   930.30   931.00   932.00   933.00   935.00   408.00   450.00   451.00   City of Palo Alto ‐ 100% Demand Allocation Date 2016 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights Total Check REVENUE REQUIREMENT COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Schedule 3.5 Outside Services $35,173 $3,188 $4,782 $27,204 Property Insurance Injuries and Damages $783 $71 $107 $606 Employee Pension & Benefits $82,393 $7,468 $11,202 $63,724 Franchise Requirements Regulatory Expense Duplicate Charge ‐ Credit General Advertising Misc. General Expense $139,501 $12,644 $18,965 $107,892 Environmental $5,561 $504 $756 $4,301 Rents $360,294 $32,655 $48,983 $278,656 Maint. of General Plant & Communication Equipment Transportation  Maintenance of General Plant Total Administrative & General $1,004,642 $91,056 $136,584 $777,003 Total O&M plus A&G $2,385,050 $216,169 $324,254 $1,844,627 Taxes Property Tax Total Taxes Capital Projects Funded From Rates Production  Transmission  Distribution  General  Total Capital Projects Funded From Rates Revenue Requirement Before Transfers and Other Revenue Other Contributions Transfers from Reserves and Allowances for Unspent Budget ‐$184,761 ‐$184,761 General Fund Transfer $611,467 $611,467 Total Other Contributions $426,706 $426,706 Revenue Requirement Before Reserve Transfers and Other $2,996,517 $216,169 $324,254 $2,456,094 Revenue Req. Before Taxes, Reserve Transfers and Other Re $2,996,517 $216,169 $324,254 $2,456,094 Other Revenues Forfeited Deposits Misc. Service Revenues $12,057 $1,093 $1,639 $9,325 Last Updated: 3/10/2016 1:16 PM Schedule 3.5 Page 3 of 4 Prepared By EES Consulting, Inc. FERC Account 454.00   456.00   457.00   458.00   419&424 449.00   415&416 444.20   421&429 446.00   XXXX City of Palo Alto ‐ 100% Demand Allocation Date 2016 Total Expenses Operation & Maintenance Expense Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights Total Check REVENUE REQUIREMENT COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Schedule 3.5 Rent ‐ Electric Properties Misc. Revenue (Other)$180,840 $16,390 $24,586 $139,864 Transfer Credits $9,763 $885 $1,327 $7,551 Low Hydro Transfers Dividends from Affiliates, Interest Other Revenue Income (Loss) from Equity Investments $14,315 $1,297 $1,946 $11,071 Street Light Revenue Traffic Signal Transfer from General Fund $233,984 $233,984 Green Power Surplus Energy Revenues Total Other Revenues $451,074 $19,666 $29,498 $401,910 REVENUE REQUIREMENT for COST ALLOCATION $2,360,683 $196,504 $294,755 $1,869,424 Last Updated: 3/10/2016 1:16 PM Schedule 3.5 Page 4 of 4 Prepared By EES Consulting, Inc.City of Palo Alto INPUT RATE BASE Schedule 4.1 Year Classification 2015 & Allocation Cost, $ Function Factor Classification & Allocation Method FERC Account Intangible Plant 301.00  Organization SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 302.00  Franchise and Consents SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 303.00  Miscellaneous Intangible Plant SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) Total Intangible Plant Distribution Plant 360.00  Land & Rights DNCPPNon‐Coincident Peak ‐ Primary 361.00  Structures & Improvements $4,384,759 D NCPP Non‐Coincident Peak ‐ Primary 362.00  Station Equipment ‐ Distribution $40,394,851 D NCPP Non‐Coincident Peak ‐ Primary 363.00  Storage & Battery Equipment DNCPPNon‐Coincident Peak ‐ Primary 364.00  Poles, Towers, & Fixtures $29,237,542 D 100%DP Demand Only ‐ Poles, Towers & Fixtures (100% Demand) 365.00  Overhead Conductors & Devices $18,614,589 D 100%DC Demand Only ‐ Overhead and Underground Conduit (100% Demand) 366.00  Underground Conduit $28,600,165 D 100%DC Demand Only ‐ Overhead and Underground Conduit (100% Demand) 367.00  Underground Conductors & Devices $61,209,198 D 100%DC Demand Only ‐ Overhead and Underground Conduit (100% Demand) 368.00  Line Transformers $19,221,468 D 100%DT Demand Only‐ Transformers (100% Demand) 369.00  Services $45,628,911 D SERV Services 370.00  Meters $4,787,766 D CUSTW Customers Weighted for Accounting/Metering 371.00  Installation on Customer Premises DCUSTMCustomers Weighted for Meters and Services 372.00  Leased Property on Cust. Premises DCUSTMCustomers Weighted for Meters and Services 373.00  Street Lights and Signal Systems $22,284,499 D DA1 Direct Assignment for Streetlights Total Distribution Plant $274,363,748 Total Transmission & Distribution $274,363,748 General Plant 389.00  Land & Land Rights SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 390.00  Structures & Improvements SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 391.00  Office Furniture & Equipment SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 392.00  Transportation Equipment SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 393.00  Stores Equipment SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 394.00  Tools, Shop, & Garage Equipment $2,593,795 SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 395.00  Laboratory Equipment SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 396.00  Power Operated Equipment SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 397.00  Communication Equipment $1,865,281 SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 398.00  Misc. Equipment $18,977,780 SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) 399.00  Other Tangible Property SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) Total General Plant $23,436,856 Total Plant Before General Plant & Intangible $274,363,748 Total Gross Plant in Service $297,800,603 Last Updated: 3/10/2016 1:16 PM Schedule 4.1 Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto INPUT RATE BASE Schedule 4.1 Year Classification 2015 & Allocation Cost, $ Function Factor Classification & Allocation Method Less: Accumulated Depreciation Intangible Plant PRBIGOn the Basis of Intangible Plant Rate Base Distribution Plant $131,788,193 D RBD‐ST As Distribution Ratebase DA Street Lighting General Plant SS RBGP On the Basis of General Plant Rate Base Misc.  Plant SS RBGP On the Basis of General Plant Rate Base Total Accumulated Depreciation $131,788,193 Total Net Plant $166,012,410 Working Capital 90 Days of Non Power Supply O&M $8,155,067 SS OMWOP On the Basis of O&M (w/o Purch. Power Supply) 90 Days of Power Supply Cost $22,207,889 POMPOn the Basis of Purchased Power O&M Total Working Capital $30,362,956 TOTAL RATE BASE $196,375,366 Construction Work In Progress (CWIP) Distribution Plant $11,486,367 D RBD On the Basis of Distribution Rate Base Services DRBDOn the Basis of Distribution Rate Base General Plant SS RBGP On the Basis of General Plant Rate Base Other SS GPLT On the Basis of Gross Plant (w/o General Plant & Intangible) Total Construction Work In Progress $11,486,367 TOTAL RATE BASE plus Construction Work In Progress $207,861,733 Last Updated: 3/10/2016 1:16 PM Schedule 4.1 Page 2 of 2 Prepared By EES Consulting, Inc. FERC Account 301.00   302.00   303.00   360.00   361.00   362.00   363.00   364.00   365.00   366.00   367.00   368.00   369.00   370.00   371.00   372.00   373.00   389.00   390.00   391.00   392.00   393.00   394.00   395.00   396.00   397.00   398.00   399.00   City of Palo Alto ‐ 100% Demand Direct Direct Total Demand Energy Demand Energy Assignment Demand Customer Assignment Account Description Rate Base PD PE TD TE TDA DD DC DDA Total Check Intangible Plant Organization Franchise and Consents Miscellaneous Intangible Plant Total Intangible Plant Distribution Plant Land & Rights Structures & Improvements $4,384,759 $4,384,759 Station Equipment ‐ Distribution $40,394,851 $40,394,851 Storage & Battery Equipment Poles, Towers, & Fixtures $29,237,542 $29,237,542 Overhead Conductors & Devices $18,614,589 $18,614,589 Underground Conduit $28,600,165 $28,600,165 Underground Conductors & Devices $61,209,198 $61,209,198 Line Transformers $19,221,468 $19,221,468 Services $45,628,911 $45,628,911 Meters $4,787,766 $4,787,766 Installation on Customer Premises Leased Property on Cust. Premises Street Lights and Signal Systems $22,284,499 $22,284,499 Total Distribution Plant $274,363,748 $201,662,571 $50,416,678 $22,284,499 Total Transmission & Distribution $274,363,748 $201,662,571 $50,416,678 $22,284,499 General Plant Land & Land Rights Structures & Improvements Office Furniture & Equipment Transportation Equipment Stores Equipment Tools, Shop, & Garage Equipment $2,593,795 $1,906,488 $476,632 $210,674 Laboratory Equipment Power Operated Equipment Communication Equipment $1,865,281 $1,371,017 $342,761 $151,503 Misc. Equipment $18,977,780 $13,949,029 $3,487,329 $1,541,422 Other Tangible Property Total General Plant $23,436,856 $17,226,534 $4,306,722 $1,903,599 Total Plant Before General Plant & Intangible $274,363,748 $201,662,571 $50,416,678 $22,284,499 Total Gross Plant in Service $297,800,603 $218,889,106 $54,723,400 $24,188,098 Less: Accumulated Depreciation Intangible Plant Distribution Plant $131,788,193 $85,253,936 $30,734,813 $15,799,444 RATE BASE FOR COST ALLOCATION DistributionProduction Transmission FUNCTIONALIZATION AND CLASSIFICATION Schedule 4.2 Last Updated: 3/10/2016 1:16 PM Schedule 4.2 Page 1 of 2 Prepared By EES Consulting, Inc. City of Palo Alto ‐ 100% Demand Direct Direct Total Demand Energy Demand Energy Assignment Demand Customer Assignment Account Description Rate Base PD PE TD TE TDA DD DC DDA Total Check RATE BASE FOR COST ALLOCATION DistributionProduction Transmission FUNCTIONALIZATION AND CLASSIFICATION Schedule 4.2 General Plant Misc.  Plant Total Accumulated Depreciation $131,788,193 $85,253,936 $30,734,813 $15,799,444 Total Net Plant $166,012,410 $133,635,170 $23,988,587 $8,388,654 Working Capital 90 Days of Non Power Supply O&M $8,155,067 $1,160,441 $3,968,147 $2,438,384 $588,095 90 Days of Power Supply Cost $22,207,889 $1,254,278 $20,953,611 Total Working Capital $30,362,956 $1,254,278 $22,114,052 $3,968,147 $2,438,384 $588,095 TOTAL RATE BASE $196,375,366 $1,254,278 $22,114,052 $137,603,317 $26,426,971 $8,976,748 Construction Work In Progress (CWIP) Distribution Plant $11,486,367 $8,442,698 $2,110,718 $932,951 Services General Plant Other Total Construction Work In Progress $11,486,367 $8,442,698 $2,110,718 $932,951 TOTAL RATE BASE plus Construction Work In Progress $207,861,733 $1,254,278 $22,114,052 $146,046,015 $28,537,688 $9,909,699 Last Updated: 3/10/2016 1:16 PM Schedule 4.2 Page 2 of 2 Prepared By EES Consulting, Inc. FERC Account 301.00   302.00   303.00   360.00   361.00   362.00   363.00   364.00   365.00   366.00   367.00   368.00   369.00   370.00   371.00   372.00   373.00   389.00   390.00   391.00   392.00   393.00   394.00   395.00   396.00   397.00   398.00   399.00   City of Palo Alto ‐ 100% Demand Account Description Total Rate Base Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Total Check Intangible Plant Organization Franchise and Consents Miscellaneous Intangible Plant Total Intangible Plant Distribution Plant Land & Rights Structures & Improvements $4,384,759 $663,540 $430,706 $1,553,226 $1,506,995 $217,339 $12,952 Station Equipment ‐ Distribution $40,394,851 $6,112,901 $3,967,903 $14,309,190 $13,883,284 $2,002,252 $119,322 Storage & Battery Equipment Poles, Towers, & Fixtures $29,237,542 $4,424,479 $2,871,944 $10,356,902 $10,048,634 $1,449,217 $86,365 Overhead Conductors & Devices $18,614,589 $2,816,922 $1,828,473 $6,593,902 $6,397,638 $922,669 $54,985 Underground Conduit $28,600,165 $4,328,026 $2,809,335 $10,131,122 $9,829,575 $1,417,625 $84,482 Underground Conductors & Devices $61,209,198 $9,262,709 $6,012,453 $21,682,318 $21,036,955 $3,033,957 $180,805 Line Transformers $19,221,468 $2,892,953 $1,877,825 $6,771,878 $6,674,768 $947,573 $56,470 Services $45,628,911 $9,196,894 $1,115,240 $26,148,249 $6,580,910 $2,587,618 Meters $4,787,766 $2,084,402 $758,280 $1,634,369 $260,252 $50,381 $82 Installation on Customer Premises Leased Property on Cust. Premises Street Lights and Signal Systems $22,284,499 $22,284,499 Total Distribution Plant $274,363,748 $41,782,826 $21,672,159 $99,181,158 $76,219,011 $12,628,632 $22,879,962 Total Transmission & Distribution $274,363,748 $41,782,826 $21,672,159 $99,181,158 $76,219,011 $12,628,632 $22,879,962 General Plant Land & Land Rights Structures & Improvements Office Furniture & Equipment Transportation Equipment Stores Equipment Tools, Shop, & Garage Equipment $2,593,795 $395,009 $204,885 $937,644 $720,563 $119,389 $216,304 Laboratory Equipment Power Operated Equipment Communication Equipment $1,865,281 $284,063 $147,340 $674,290 $518,180 $85,857 $155,551 Misc. Equipment $18,977,780 $2,890,124 $1,499,066 $6,860,375 $5,272,080 $873,524 $1,582,610 Other Tangible Property RATE BASE COST ALLOCATION CLASSIFICATION BY CUSTOMER Schedule 4.3 Last Updated: 3/10/2016 1:16 PM Schedule 4.3 Page 1 of 2 Prepared By EES Consulting, Inc. FERC Account City of Palo Alto ‐ 100% Demand Account Description Total Rate Base Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Total Check RATE BASE COST ALLOCATION CLASSIFICATION BY CUSTOMER Schedule 4.3 Total General Plant $23,436,856 $3,569,196 $1,851,291 $8,472,309 $6,510,824 $1,078,770 $1,954,465 Total Plant Before General Plant & Intangible $274,363,748 $41,782,826 $21,672,159 $99,181,158 $76,219,011 $12,628,632 $22,879,962 Total Gross Plant in Service $297,800,603 $45,352,022 $23,523,450 $107,653,467 $82,729,835 $13,707,402 $24,834,427 Less: Accumulated Depreciation Intangible Plant Distribution Plant $131,788,193 $19,771,944 $9,512,109 $47,120,845 $33,500,340 $5,831,760 $16,051,195 General Plant Misc.  Plant Total Accumulated Depreciation $131,788,193 $19,771,944 $9,512,109 $47,120,845 $33,500,340 $5,831,760 $16,051,195 Total Net Plant $166,012,410 $25,580,078 $14,011,342 $60,532,622 $49,229,494 $7,875,642 $8,783,232 Working Capital 90 Days of Non Power Supply O&M $8,155,067 $1,646,044 $785,379 $2,806,024 $2,141,875 $309,133 $466,613 90 Days of Power Supply Cost $22,207,889 $3,494,805 $1,654,095 $7,451,402 $8,870,025 $695,414 $42,148 Total Working Capital $30,362,956 $5,140,849 $2,439,473 $10,257,426 $11,011,900 $1,004,547 $508,761 TOTAL RATE BASE $196,375,366 $30,720,927 $16,450,815 $70,790,048 $60,241,394 $8,880,189 $9,291,993 Construction Work In Progress (CWIP) Distribution Plant $11,486,367 $1,749,258 $907,315 $4,152,266 $3,190,945 $528,704 $957,880 Services General Plant Other Total Construction Work In Progress $11,486,367 $1,749,258 $907,315 $4,152,266 $3,190,945 $528,704 $957,880 TOTAL RATE BASE plus Construction Work In Progress $207,861,733 $32,470,184 $17,358,130 $74,942,313 $63,432,339 $9,408,893 $10,249,874 Last Updated: 3/10/2016 1:16 PM Schedule 4.3 Page 2 of 2 Prepared By EES Consulting, Inc. FERC Account 301.00   302.00   303.00   360.00   361.00   362.00   363.00   364.00   365.00   366.00   367.00   368.00   369.00   370.00   371.00   372.00   373.00   389.00   390.00   391.00   392.00   393.00   394.00   395.00   396.00   397.00   398.00   399.00   City of Palo Alto ‐ 100% Demand Account Description Total Rate Base Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Total Check Intangible Plant Organization Franchise and Consents Miscellaneous Intangible Plant Total Intangible Plant Distribution Plant Land & Rights Structures & Improvements Station Equipment ‐ Distribution Storage & Battery Equipment Poles, Towers, & Fixtures Overhead Conductors & Devices Underground Conduit Underground Conductors & Devices Line Transformers Services Meters Installation on Customer Premises Leased Property on Cust. Premises Street Lights and Signal Systems $22,284,499 $22,284,499 Total Distribution Plant $22,284,499 $22,284,499 Total Transmission & Distribution $22,284,499 $22,284,499 General Plant Land & Land Rights Structures & Improvements Office Furniture & Equipment Transportation Equipment Stores Equipment Tools, Shop, & Garage Equipment $210,674 $210,674 Laboratory Equipment Power Operated Equipment Communication Equipment $151,503 $151,503 Misc. Equipment $1,541,422 $1,541,422 Other Tangible Property RATE BASE COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Schedule 4.4 Last Updated: 3/10/2016 1:16 PM Schedule 4.4 Page 1 of 2 Prepared By EES Consulting, Inc. FERC Account City of Palo Alto ‐ 100% Demand Account Description Total Rate Base Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Total Check RATE BASE COST ALLOCATION DIRECT ASSIGNMENT BY CUSTOMER Schedule 4.4 Total General Plant $1,903,599 $1,903,599 Total Plant Before General Plant & Intangible $22,284,499 $22,284,499 Total Gross Plant in Service $24,188,098 $24,188,098 Less: Accumulated Depreciation Intangible Plant Distribution Plant $15,799,444 $15,799,444 General Plant Misc.  Plant Total Accumulated Depreciation $15,799,444 $15,799,444 Total Net Plant $8,388,654 $8,388,654 Working Capital 90 Days of Non Power Supply O&M $588,095 $53,302 $79,953 $454,840 90 Days of Power Supply Cost Total Working Capital $588,095 $53,302 $79,953 $454,840 TOTAL RATE BASE $8,976,748 $53,302 $79,953 $8,843,493 Construction Work In Progress (CWIP) Distribution Plant $932,951 $932,951 Services General Plant Other Total Construction Work In Progress $932,951 $932,951 TOTAL RATE BASE plus Construction Work In Progress $9,909,699 $53,302 $79,953 $9,776,444 Last Updated: 3/10/2016 1:16 PM Schedule 4.4 Page 2 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Classification Factors Total %  Allocated Demand Energy Direct Assignment Demand Energy Direct Assignment Demand Energy Customer Direct Assignment PD PE PDA TD TE TDA DD DE DC DDA CP12 100.0% 100.0% 100.0%100.0% NCPP 100.0% 100.0% 100.0%100.0% NCPS 100.0% 100.0% 100.0%100.0% kWh 100.0% 100.0% 100.0%100.0% CUST 100.0%100.0% CUSTW 100.0%100.0% CUSTM 100.0%100.0% CUSTMR 100.0%100.0% 100%DP 100.0%100.0% 100%DC 100.0%100.0% 100%DT 100.0%100.0% DA1 100.0% 100.0% DA2 100.0% 100.0% RBG RBD 73.5% 18.4% 8.1%100.0% RBGP 73.5% 18.4% 8.1%100.0% RBGP‐P 73.5% 18.4% 8.1%100.0% RBGP‐T 73.5% 18.4% 8.1%100.0% RBGP‐D 73.5% 18.4% 8.1%100.0% RBSE 100.0%100.0% RBOH 100.0%100.0% RBUG 100.0%100.0% RBTR 100.0%100.0% OM 4.9% 82.3% 9.0% 2.7% 1.0%100.0% OM‐P 4.9% 82.3% 9.0% 2.7% 1.0%100.0% OM‐T 4.9% 82.3% 9.0% 2.7% 1.0%100.0% OM‐D 4.9% 82.3% 9.0% 2.7% 1.0%100.0% OMAG 14.2% 48.7% 29.9% 7.2%100.0% OMAG‐P 14.2% 48.7% 29.9% 7.2%100.0% OMAG‐T 14.2% 48.7% 29.9% 7.2%100.0% OMAG‐D 14.2% 48.7% 29.9% 7.2%100.0% GPLT 73.5% 18.4% 8.1%100.0% GPLT‐P 73.5% 18.4% 8.1%100.0% GPLT‐T 73.5% 18.4% 8.1%100.0% Production Transmission Distribution CLASSIFICATION and ALLOCATION BY FUNCTION Schedule 6.1 Last Updated: 3/10/2016 1:16 PM Schedule 6.1 Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Classification Factors Total %  Allocated Demand Energy Direct Assignment Demand Energy Direct Assignment Demand Energy Customer Direct Assignment PD PE PDA TD TE TDA DD DE DC DDA Production Transmission Distribution CLASSIFICATION and ALLOCATION BY FUNCTION Schedule 6.1 GPLT‐D 73.5% 18.4% 8.1%100.0% NETPLT 80.5% 14.4% 5.1%100.0% NETPLT‐P 80.5% 14.4% 5.1%100.0% NETPLT‐T 80.5% 14.4% 5.1%100.0% NETPLT‐D 80.5% 14.4% 5.1%100.0% OMP 5.6% 94.4%100.0% OMWOP 14.2% 48.7% 29.9% 7.2%100.0% OMWOP‐P 14.2% 48.7% 29.9% 7.2%100.0% OMWOP‐T 14.2% 48.7% 29.9% 7.2%100.0% OMWOP‐D 14.2% 48.7% 29.9% 7.2%100.0% WEST 16.0% 84.0%100.0% REN 3.2% 96.8%100.0% CALA 7.0% 93.0%100.0% CREDIT 100.0% 100.0% CUST SERV 100.0% 100.0% SERV 100.0% 100.0% RBD‐ST 64.7% 23.3% 12.0% 100.0% RBD‐NoDA 73.5% 26.5% 100.0% DSRE 100.0%100.0% DSMEE 100.0%100.0% Last Updated: 3/10/2016 1:16 PM Schedule 6.1 Page 2 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐residential E‐2 Medium Non‐ residential E‐4 Large Non‐residential E‐7City Accounts E‐18 Street/Traffic Lights CP12 100% 11.8% 9.7% 38.2% 36.3% 3.8% 0.1% NCPP 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% NCPS 100% 15.1% 9.8% 35.2% 34.7% 4.9% 0.3% kWh CUST CUSTW CUSTM CUSTMR 100%DP 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% 100%DC 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% 100%DT 100% 15.1% 9.8% 35.2% 34.7% 4.9% 0.3% DA1 DA2 RBG RBD 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% RBGP 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% RBGP‐P RBGP‐T RBGP‐D 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% RBSE 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% RBOH 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% RBUG 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% RBTR 100% 15.1% 9.8% 35.2% 34.7% 4.9% 0.3% OM 100% 14.0% 9.8% 36.4% 35.1% 4.5% 0.2% OM‐P 100% 11.8% 9.7% 38.2% 36.3% 3.8% 0.1% OM‐T OM‐D 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% OMAG 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% OMAG‐P OMAG‐T OMAG‐D 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% GPLT 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% GPLT‐P GPLT‐T GPLT‐D 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% NETPLT 100.0000% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% NETPLT‐P NETPLT‐T NETPLT‐D 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% OMP 100% 11.8% 9.7% 38.2% 36.3% 3.8% 0.1% CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ DEMAND Schedule 6.2 Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (Demand) Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐residential E‐2 Medium Non‐ residential E‐4 Large Non‐residential E‐7City Accounts E‐18 Street/Traffic Lights CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ DEMAND Schedule 6.2 OMWOP 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% OMWOP‐P OMWOP‐T OMWOP‐D 100% 15.1% 9.8% 35.4% 34.4% 5.0% 0.3% WEST 100%11.8% 9.7% 38.2% 36.3% 3.8% 0.1% REN 100%11.8% 9.7% 38.2% 36.3% 3.8% 0.1% CALA 100%11.8% 9.7% 38.2% 36.3% 3.8% 0.1% CREDIT CUST SERV SERV RBD‐ST 100%15.1% 9.8% 35.4% 34.4% 5.0% 0.3% RBD‐NoDA 100%15.1% 9.8% 35.4% 34.4% 5.0% 0.3% DSRE DSMEE Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (Demand) Page 2 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐residential E‐2 Medium Non‐ residential E‐4 Large Non‐residential E‐7City Accounts E‐18 Street/Traffic Lights CP1 NCPP NCPS kWh 100% 15.9% 7.3% 33.3% 40.3% 3.0% 0.2% CUST CUSTW CUSTM CUSTMR 100%DP 100%DC 100%DT DA1 DA2 RBG RBD RBGP RBGP‐P RBGP‐T RBGP‐D RBSE RBOH RBUG RBTR OM 100% 16.0% 7.3% 33.3% 40.2% 3.1% 0.2% OM‐P 100% 16.0% 7.3% 33.3% 40.2% 3.1% 0.2% OM‐T OM‐D OMAG 100% 15.4% 7.5% 32.2% 41.9% 3.1% OMAG‐P 100% 15.4% 7.5% 32.2% 41.9% 3.1% OMAG‐T OMAG‐D GPLT CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ ENERGY Schedule 6.2 Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (Energy) Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐residential E‐2 Medium Non‐ residential E‐4 Large Non‐residential E‐7City Accounts E‐18 Street/Traffic Lights CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ ENERGY Schedule 6.2 GPLT‐P GPLT‐T GPLT‐D NETPLT NETPLT‐P NETPLT‐T NETPLT‐D OMP 100% 16.0% 7.3% 33.3% 40.2% 3.1% 0.2% OMWOP 100% 15.4% 7.5% 32.2% 41.9% 3.1% OMWOP‐P 100% 15.4% 7.5% 32.2% 41.9% 3.1% OMWOP‐T OMWOP‐D WEST 100%15.9% 7.3% 33.3% 40.3% 3.0% 0.2% REN 100%15.9% 7.3% 33.3% 40.3% 3.0% 0.2% CALA 100%15.9% 7.3% 33.3% 40.3% 3.0% 0.2% CREDIT CUST SERV SERV RBD‐ST RBD‐NoDA DSRE 100%20.9% 7.3% 31.6% 34.0% 6.2% DSMEE 100%15.4% 7.5% 32.2% 41.9% 3.1% Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (Energy) Page 2 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights CP1 NCPP NCPS kWh CUST 100% 86.4% 10.5% 2.5% 0.2% 0.4% 0.0% CUSTW 100% 43.5% 15.8% 34.1% 5.4% 1.1% 0.0% CUSTM 100% 84.2% 10.2% 4.1% 1.0% 0.4% CUSTMR 100% 43.5% 15.8% 34.1% 5.4% 1.1% 100%DP 100%DC 100%DT DA1 DA2 RBG RBD 100% 22.4% 3.7% 55.1% 13.6% 5.2% 0.0% RBGP 100% 22.4% 3.7% 55.1% 13.6% 5.2% 0.0% RBGP‐P RBGP‐T RBGP‐D RBSE RBOH RBUG RBTR OM 100% 22.4% 3.7% 55.1% 13.6% 5.2% 0.0% OM‐P OM‐T CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ CUSTOMER Schedule 6.2 Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (Customer) Page 1 of 3 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ CUSTOMER Schedule 6.2 OM‐D OMAG 100% 35.6% 12.7% 40.0% 8.6% 3.1% 0.0% OMAG‐P OMAG‐T OMAG‐D GPLT 100% 22.4% 3.7% 55.1% 13.6% 5.2% 0.0% GPLT‐P GPLT‐T GPLT‐D NETPLT 100% 22.4% 3.7% 55.1% 13.6% 5.2% 0.0% NETPLT‐P NETPLT‐T NETPLT‐D OMP OMWOP 100% 35.6% 12.7% 40.0% 8.6% 3.1% 0.0% OMWOP‐P OMWOP‐T OMWOP‐D WEST REN CALA CREDIT 100%35.0% 50.0% 12.0% 1.1% 2.0% 0.0% CUST SERV 100%60.0% 11.2% 24.2% 3.9% 0.7% 0.0% SERV 100%20.2% 2.4% 57.3% 14.4% 5.7% RBD‐ST 100%22.4% 3.7% 55.1% 13.6% 5.2% 0.0% RBD‐NoDA 100%22.4% 3.7% 55.1% 13.6% 5.2% 0.0% DSRE Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (Customer) Page 2 of 3 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ CUSTOMER Schedule 6.2 DSMEE Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (Customer) Page 3 of 3 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ DIRECT ASSIGNMENT Schedule 6.2 CP12 NCPP NCPS kWh CUST CUSTW CUSTM CUSTMR 100%DP 100%DC 100%DT DA1 100.0%100.0% DA2 100.0%40.0% 60.0% RBG RBD 100.0%100.0% RBGP 100.0%100.0% RBGP‐P RBGP‐T RBGP‐D 100.0%100.0% RBSE RBOH RBUG RBTR OM 100.0%100.0% OM‐P OM‐T OM‐D 100.0%100.0% OMAG 100.0% 9.1% 13.6% 77.3% OMAG‐P OMAG‐T Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (DA) Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Test Year: 2016 Classification Factors Total Allocated Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐18 Street/Traffic Lights CLASSIFICATION AND ALLOCATION BY CUSTOMER ‐ DIRECT ASSIGNMENT Schedule 6.2 OMAG‐D 100.0% 9.1% 13.6% 77.3% GPLT 100.0%100.0% GPLT‐P GPLT‐T GPLT‐D 100.0%100.0% NETPLT 100.0%100.0% NETPLT‐P NETPLT‐T NETPLT‐D 100.0%100.0% OMP OMWOP 100.0% 9.1% 13.6% 77.3% OMWOP‐P OMWOP‐T OMWOP‐D 100.0% 9.1% 13.6% 77.3% WEST REN CALA CREDIT CUST SERV SERV RBD‐ST 100.0%100.0% RBD‐NoDA DSRE DSMEE Last Updated: 3/10/2016 1:16 PM Schedule 6.2 (DA) Page 2 of 2 Prepared By EES Consulting, Inc. Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Number of Customers Jul‐16 29,547 25,565 3,057 742 60 122 1 Aug‐16 29,529 25,535 3,060 743 67 123 1 Sep‐16 28,949 24,968 3,049 741 68 122 1 Oct‐16 29,679 25,666 3,083 741 67 121 1 Nov‐16 28,235 24,269 3,043 733 67 122 1 Dec‐16 29,346 25,359 3,060 741 67 118 1 Jan‐17 29,667 25,656 3,077 742 67 124 1 Feb‐17 29,562 25,555 3,074 740 67 125 1 Mar‐17 29,628 25,625 3,077 738 63 124 1 Apr‐17 29,575 25,562 3,097 724 67 124 1 May‐17 29,109 25,109 3,088 726 64 121 1 Jun‐17 29,245 25,223 3,110 720 67 124 1 Total / Average 29,339 25,341 3,073 736 66 123 1  Customer Charge Revenues Rate: $/Month Jul‐16 Aug‐16 Sep‐16 Oct‐16 Nov‐16 Dec‐16 Jan‐17 Feb‐17 Mar‐17 Apr‐17 May‐17 Jun‐17 Total Forecast kWh $34,224,095 $152,705,600 $192,576,637 $15,152,723 Jul‐16 81,963,781 11,794,741 6,137,168 28,465,870 33,062,440 2,345,450 158,112 Aug‐16 82,988,623 11,610,462 6,180,235 29,183,253 33,393,107 2,463,453 158,112 Sep‐16 86,437,570 11,622,595 6,368,684 30,123,313 35,387,793 2,777,073 158,112 Oct‐16 80,883,590 12,244,921 5,947,833 27,818,985 33,033,747 1,679,991 158,112 Nov‐16 83,139,914 11,477,370 5,800,156 27,654,416 34,904,226 3,145,634 158,112 Dec‐16 83,571,051 15,245,758 5,692,051 25,691,547 34,342,286 2,441,297 158,112 Jan‐17 81,058,191 17,174,759 5,896,626 25,403,178 30,208,921 2,216,594 158,112 Feb‐17 76,493,499 14,137,692 5,626,886 24,544,236 29,927,066 2,099,507 158,112 Mar‐17 76,431,249 13,215,351 5,440,633 23,829,508 31,789,551 1,998,094 158,112 Apr‐17 78,235,599 12,070,845 5,767,744 25,582,716 31,404,586 3,251,596 158,112 May‐17 77,298,181 11,257,471 5,828,133 26,002,776 31,644,326 2,407,363 158,112 Jun‐17 81,424,554 11,178,348 5,764,361 26,695,073 35,223,773 2,404,886 158,112 Total / Average 969,925,801 153,030,312 70,450,509 320,994,871 394,321,824 29,230,939 1,897,346 Energy Rates Flat Rate: Flat Rate $/kWh Seasonal Rate:Jul $/kWh $0.14045 $0.08171 $0.07808 $0.11479 Aug $/kWh $0.14045 $0.08171 $0.07808 $0.11479 Sep $/kWh $0.14045 $0.08171 $0.07808 $0.11479 Oct $/kWh $0.14045 $0.08171 $0.07808 $0.11479 Nov $/kWh $0.12661 $0.07318 $0.07209 $0.09429 FORECAST  OF  REVENUES FROM CURRENT RATES Schedule 7.1 Last Updated: 3/10/2016 1:16 PM Schedule 7.1 Page 1 of 3 Prepared By EES Consulting, Inc. Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights FORECAST  OF  REVENUES FROM CURRENT RATES Schedule 7.1 Dec $/kWh $0.12661 $0.07318 $0.07209 $0.09429 Jan $/kWh $0.12661 $0.07318 $0.07209 $0.09429 Feb $/kWh $0.12661 $0.07318 $0.07209 $0.09429 Mar $/kWh $0.12661 $0.07318 $0.07209 $0.09429 Apr $/kWh $0.12661 $0.07318 $0.07209 $0.09429 May $/kWh $0.14045 $0.08171 $0.07808 $0.11479 Jun $/kWh $0.14045 $0.08171 $0.07808 $0.115 Distribution Charge for $/kWh: Block Rate:1st Block kWh %54% 100% 100% 100% 100% 2nd Block kWh %25% 3rd Block kWh %21% 4th Block kWh % 1st Block $/kWh $0.09524 2nd Block $/kWh $0.13020 3rd Block $/kWh $0.17399 4th Block $/kWh Energy Revenues Jul‐16 $7,457,295 $1,418,634 $861,965 $2,325,946 $2,581,515 $269,234 Aug‐16 $7,539,161 $1,396,470 $868,014 $2,384,564 $2,607,334 $282,780 Sep‐16 $7,835,646 $1,397,929 $894,482 $2,461,376 $2,763,079 $318,780 Oct‐16 $7,353,364 $1,472,780 $835,373 $2,273,089 $2,579,275 $192,846 Nov‐16 $6,951,417 $1,380,462 $734,358 $2,023,750 $2,516,246 $296,602 Dec‐16 $7,140,415 $1,833,712 $720,671 $1,880,107 $2,475,735 $230,190 Jan‐17 $7,058,066 $2,065,726 $746,572 $1,859,005 $2,177,761 $209,003 Feb‐17 $6,564,409 $1,700,437 $712,420 $1,796,147 $2,157,442 $197,963 Mar‐17 $6,502,292 $1,589,501 $688,839 $1,743,843 $2,291,709 $188,400 Apr‐17 $6,624,790 $1,451,843 $730,254 $1,872,143 $2,263,957 $306,593 May‐17 $7,044,391 $1,354,013 $818,561 $2,124,687 $2,470,789 $276,341 Jun‐17 $7,361,684 $1,344,496 $809,605 $2,181,254 $2,750,272 $276,057 Subtotal $85,432,931 $18,406,003 $9,421,113 $24,925,912 $29,635,114 $3,044,789 Surcharge Total $85,432,931 $18,406,003 $9,421,113 $24,925,912 $29,635,114 $3,044,789 Demand kVa or kW Jul‐16 183,197 23,739 14,809 70,573 67,108 6,360 607 Aug‐16 182,882 22,903 16,421 70,808 66,460 5,758 531 Sep‐16 175,133 23,449 16,689 68,874 58,881 6,752 488 Oct‐16 186,783 23,195 19,162 69,274 70,362 4,365 425 Nov‐16 178,554 22,134 19,442 66,391 61,535 8,652 399 Dec‐16 173,216 28,614 14,197 60,673 63,551 5,827 354 Jan‐17 161,171 31,766 12,193 58,366 53,142 5,377 327 Feb‐17 158,353 29,053 15,224 57,248 50,947 5,489 392 Mar‐17 171,252 24,715 14,149 58,641 68,420 4,939 386 Apr‐17 168,043 26,611 16,348 61,809 52,799 10,036 439 May‐17 176,488 23,278 15,667 64,005 67,154 5,912 472 Jun‐17 183,618 24,644 16,679 66,944 67,380 7,422 549 Total / Average Total 2,098,690 304,102 190,983 773,606 747,738 76,890 5,371 Demand Revenues Rate: $/kVa Last Updated: 3/10/2016 1:16 PM Schedule 7.1 Page 2 of 3 Prepared By EES Consulting, Inc. Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights FORECAST  OF  REVENUES FROM CURRENT RATES Schedule 7.1 Rate: $/kW Jul‐16 $20.54 $18.97 Aug‐16 $20.54 $18.97 Sep‐16 $20.54 $18.97 Oct‐16 $20.54 $18.97 Nov‐16 $13.84 $11.54 Dec‐16 $13.84 $11.54 Jan‐17 $13.84 $11.54 Feb‐17 $13.84 $11.54 Mar‐17 $13.84 $11.54 Apr‐17 $13.84 $11.54 May‐17 $20.54 $18.97 Jun‐17 $20.54 $18.97 Jul‐16 $2,722,615 $1,449,570 $1,273,045 Aug‐16 $2,715,151 $1,454,405 $1,260,746 Sep‐16 $2,531,627 $1,414,663 $1,116,963 Oct‐16 $2,757,661 $1,422,893 $1,334,768 Nov‐16 $1,628,969 $918,858 $710,112 Dec‐16 $1,573,085 $839,710 $733,375 Jan‐17 $1,421,046 $807,791 $613,255 Feb‐17 $1,380,242 $792,312 $587,930 Mar‐17 $1,601,160 $811,592 $789,568 Apr‐17 $1,464,740 $855,434 $609,306 May‐17 $2,588,557 $1,314,653 $1,273,904 Jun‐17 $2,653,220 $1,375,027 $1,278,194 Total $25,038,074 $13,456,909 $11,581,165 Total Revenues Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Jul‐16 $10,179,910 $1,418,634 $861,965 $3,775,517 $3,854,560 $269,234 Aug‐16 $10,254,312 $1,396,470 $868,014 $3,838,969 $3,868,080 $282,780 Sep‐16 $10,367,272 $1,397,929 $894,482 $3,876,039 $3,880,042 $318,780 Oct‐16 $10,111,025 $1,472,780 $835,373 $3,695,982 $3,914,043 $192,846 Nov‐16 $8,580,387 $1,380,462 $734,358 $2,942,608 $3,226,357 $296,602 Dec‐16 $8,713,500 $1,833,712 $720,671 $2,719,818 $3,209,110 $230,190 Jan‐17 $8,479,112 $2,065,726 $746,572 $2,666,796 $2,791,016 $209,003 Feb‐17 $7,944,651 $1,700,437 $712,420 $2,588,459 $2,745,372 $197,963 Mar‐17 $8,103,452 $1,589,501 $688,839 $2,555,435 $3,081,277 $188,400 Apr‐17 $8,089,530 $1,451,843 $730,254 $2,727,577 $2,873,263 $306,593 May‐17 $9,632,949 $1,354,013 $818,561 $3,439,340 $3,744,693 $276,341 Jun‐17 $10,014,905 $1,344,496 $809,605 $3,556,281 $4,028,466 $276,057 Subtotal $110,471,004 $18,406,003 $9,421,113 $38,382,821 $41,216,279 $3,044,789 Surcharge $60,477 $60,477 Total $110,531,481 $18,406,003 $9,421,113 $38,382,821 $41,216,279 $3,044,789 $60,477 Actual Revenue 2015 $110,687,581.09 $18,318,169 $9,422,028 $37,253,029 $42,605,849 $3,028,030 $60,477 difference 0.1% 0.5% 0.0% 2.9%‐3.4% 0.6% Last Updated: 3/10/2016 1:16 PM Schedule 7.1 Page 3 of 3 Prepared By EES Consulting, Inc.City of Palo Alto Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Current kWh Forecast: 2014 952,681,486 150,866,189 70,484,515 303,932,544 396,348,590 29,152,302 1,897,346 Forecast Year: 2016 953,615,752 152,522,421 70,565,310 321,517,940 377,834,163 29,278,572 1,897,346 Forecast Year: 2017 969,925,801 153,030,312 70,450,509 320,994,871 394,321,824 29,230,939 1,897,346 Forecast Year: 2018 972,609,590 153,080,810 70,473,757 321,100,795 396,816,297 29,240,585 1,897,346 Forecast Year: 2019 973,106,669 152,786,206 70,338,130 320,482,834 398,417,843 29,184,311 1,897,346 Forecast Year: 2020 971,881,787 152,593,513 70,249,420 320,078,644 397,915,361 29,147,504 1,897,346 Current Customer Forecast: 2014 29,339 25,341 3,073 736 66 123 1 Forecast Year: 2016 29,356 25,358 3,073 736 66 123 1 Forecast Year: 2017 29,319 25,321 3,073 736 66 123 1 Forecast Year: 2018 29,339 25,341 3,073 736 66 123 1 Forecast Year: 2019 29,339 25,341 3,073 736 66 123 1 Forecast Year: 2020 29,339 25,341 3,073 736 66 123 1 Forecast Rate Class Customer Count  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 29,547 25,565 3,057 742 60 122 1 Aug‐16 29,529 25,535 3,060 743 67 123 1 Sep‐16 28,949 24,968 3,049 741 68 122 1 Oct‐16 29,679 25,666 3,083 741 67 121 1 Nov‐16 28,235 24,269 3,043 733 67 122 1 Dec‐16 29,346 25,359 3,060 741 67 118 1 Jan‐17 29,667 25,656 3,077 742 67 124 1 Feb‐17 29,562 25,555 3,074 740 67 125 1 Mar‐17 29,628 25,625 3,077 738 63 124 1 Apr‐17 29,575 25,562 3,097 724 67 124 1 May‐17 29,109 25,109 3,088 726 64 121 1 Jun‐17 29,245 25,223 3,110 720 67 124 1 Total Average Forecast Customers 29,339 25,341 3,073 736 66 123 1 Schedule 8.1 FORECAST CUSTOMERS AND ENERGY SALES Last Updated: 3/10/2016 1:16 PM Schedule 8.1 Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Schedule 8.1 FORECAST CUSTOMERS AND ENERGY SALES Customer Information  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Weighting Factors for:  Customers Meters & Services 994.00$994.00$1,672.00$4,698.00$ 994.00$‐$  Customer Billing and Collection 1.00 3.00 27.00 48.00 5.00 1.00  Customer Meter Reading 1.00 3.00 27.00 48.00 5.00 Weighted Number of Customers  Customers Meters & Services 29,905,327 25,188,954 3,054,479 1,230,453 309,677 121,765 ‐  Customer Billing and Collection 58,207 25,341 9,219 19,870 3,164 613 1  Customer Meter Reading 58,206 25,341 9,219 19,870 3,164 613 ‐ Provided Services  Power Purchased from Utility*111 1 1 1  Reg & Shaping from Utility*111 1 1 1  Uses Utility Transmission*111 1 1 1  Uses Primary Distribution*111 1 1 1  Uses Secondary Distribution*111 1 1 1 Test Date Forecast Rate Class Sales kWh  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 77,965,899 11,789,582 5,880,488 26,024,709 31,803,107 2,309,901 158,112 Aug‐14 82,987,201 11,330,498 5,895,458 27,361,945 35,773,165 2,468,023 158,112 Sep‐14 87,503,059 11,560,737 6,386,405 29,269,602 37,406,835 2,721,368 158,112 Oct‐14 78,632,817 12,077,193 5,493,428 25,803,870 32,767,071 2,333,143 158,112 Nov‐14 79,700,792 11,607,795 5,456,028 24,942,299 34,971,656 2,564,902 158,112 Dec‐14 80,199,169 15,092,762 5,446,408 24,598,609 32,572,571 2,330,707 158,112 Jan‐15 80,513,170 17,342,158 5,951,986 24,061,704 30,479,098 2,520,112 158,112 Feb‐15 81,389,444 14,606,393 5,799,412 24,244,688 34,041,901 2,538,938 158,112 Mar‐15 71,512,256 12,097,303 5,333,019 22,956,678 28,761,884 2,205,260 158,112 Apr‐15 77,355,465 11,477,709 5,894,120 23,923,508 33,608,313 2,293,703 158,112 May‐15 76,149,464 11,077,484 6,431,015 25,223,376 30,780,866 2,478,611 158,112 Jun‐15 78,772,748 10,806,575 6,516,748 25,521,556 33,382,123 2,387,634 158,112 Total Sales 952,681,486 150,866,189 70,484,515 303,932,544 396,348,590 29,152,302 1,897,346 Forecast Rate Class Sales kWh  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 81,963,781 11,794,741 6,137,168 28,465,870 33,062,440 2,345,450 158,112 Aug‐16 82,988,623 11,610,462 6,180,235 29,183,253 33,393,107 2,463,453 158,112 Sep‐16 86,437,570 11,622,595 6,368,684 30,123,313 35,387,793 2,777,073 158,112 Oct‐16 80,883,590 12,244,921 5,947,833 27,818,985 33,033,747 1,679,991 158,112 Nov‐16 83,139,914 11,477,370 5,800,156 27,654,416 34,904,226 3,145,634 158,112 Dec‐16 83,571,051 15,245,758 5,692,051 25,691,547 34,342,286 2,441,297 158,112 Jan‐17 81,058,191 17,174,759 5,896,626 25,403,178 30,208,921 2,216,594 158,112 Feb‐17 76,493,499 14,137,692 5,626,886 24,544,236 29,927,066 2,099,507 158,112 Mar‐17 76,431,249 13,215,351 5,440,633 23,829,508 31,789,551 1,998,094 158,112 Apr‐17 78,235,599 12,070,845 5,767,744 25,582,716 31,404,586 3,251,596 158,112 May‐17 77,298,181 11,257,471 5,828,133 26,002,776 31,644,326 2,407,363 158,112 Jun‐17 81,424,554 11,178,348 5,764,361 26,695,073 35,223,773 2,404,886 158,112 Total Sales 969,925,801 153,030,312 70,450,509 320,994,871 394,321,824 29,230,939 1,897,346 Last Updated: 3/10/2016 1:16 PM Schedule 8.1 Page 2 of 2 Prepared By EES Consulting, Inc.City of Palo Alto Billing Demand ‐ kVa  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 137,681 70,573 67,108 Aug‐16 137,268 70,808 66,460 Sep‐16 127,754 68,874 58,881 Oct‐16 139,636 69,274 70,362 Nov‐16 127,926 66,391 61,535 Dec‐16 124,223 60,673 63,551 Jan‐17 111,508 58,366 53,142 Feb‐17 108,195 57,248 50,947 Mar‐17 127,061 58,641 68,420 Apr‐17 114,608 61,809 52,799 May‐17 131,158 64,005 67,154 Jun‐17 134,324 66,944 67,380 Total 1,521,344 773,606 747,738  Individual Load Factor Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 67% 56% 50% 64% 50% 35% Aug‐16 68% 51% 58% 80% 58% 40% Sep‐16 69% 53% 57% 85% 57% 45% Oct‐16 71% 42% 52% 65% 52% 50% Nov‐16 72% 41% 50% 76% 50% 55% Dec‐16 72% 54% 56% 71% 56% 60% Jan‐17 73% 65% 55% 77% 55% 65% Feb‐17 72% 55% 57% 90% 57% 60% Mar‐17 72% 52% 54% 58% 54% 55% Apr‐17 63% 49% 52% 86% 45% 50% May‐17 65% 50% 55% 64% 55% 45% Jun‐17 63% 48% 51% 67% 45% 40% Individual NCP (kW) Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 183,197 23,739 14,809 70,573 67,108 6,360 607 Aug‐16 182,882 22,903 16,421 70,808 66,460 5,758 531 Sep‐16 175,133 23,449 16,689 68,874 58,881 6,752 488 Oct‐16 186,783 23,195 19,162 69,274 70,362 4,365 425 Nov‐16 178,554 22,134 19,442 66,391 61,535 8,652 399 Dec‐16 173,216 28,614 14,197 60,673 63,551 5,827 354 Jan‐17 161,171 31,766 12,193 58,366 53,142 5,377 327 Feb‐17 158,353 29,053 15,224 57,248 50,947 5,489 392 Mar‐17 171,252 24,715 14,149 58,641 68,420 4,939 386 Apr‐17 168,043 26,611 16,348 61,809 52,799 10,036 439 May‐17 176,488 23,278 15,667 64,005 67,154 5,912 472 Jun‐17 183,618 24,644 16,679 66,944 67,380 7,422 549 Maximum 186,783 31,766 19,442 70,808 70,362 10,036 607 5,371 FORECAST CUSTOMER DEMAND  Schedule 8.2 Last Updated: 3/10/2016 1:16 PM Schedule 8.2 Page 1 of 5 Prepared By EES Consulting, Inc.City of Palo Alto FORECAST CUSTOMER DEMAND  Schedule 8.2  Group Coincidence Factor Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 95% 95% 85% 91% 90% 100% Aug‐16 85% 85% 90% 92% 80% 100% Sep‐16 95% 95% 89% 90% 90% 100% Oct‐16 95% 95% 87% 86% 90% 100% Nov‐16 95% 95% 88% 85% 90% 100% Dec‐16 95% 95% 83% 84% 90% 100% Jan‐17 85% 85% 83% 89% 80% 100% Feb‐17 95% 95% 82% 85% 90% 100% Mar‐17 85% 85% 87% 80% 80% 100% Apr‐17 95% 95% 86% 82% 95% 100% May‐17 95% 95% 85% 84% 90% 100% Jun‐17 95% 95% 86% 84% 95% 100% Rate Class NCP @ Meter (kW) Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 164,373 22,552 14,069 60,018 61,403 5,724 607 Aug‐16 163,574 19,468 13,958 63,599 61,411 4,606 531 Sep‐16 158,817 22,276 15,855 61,012 53,109 6,077 488 Oct‐16 165,377 22,035 18,204 60,186 60,599 3,928 425 Nov‐16 158,676 21,028 18,470 58,652 52,341 7,787 399 Dec‐16 149,774 27,183 13,487 50,353 53,152 5,245 354 Jan‐17 137,978 27,001 10,364 48,640 47,344 4,301 327 Feb‐17 137,967 27,600 14,463 47,228 43,344 4,940 392 Mar‐17 143,230 21,008 12,027 50,965 54,892 3,951 386 Apr‐17 147,176 25,281 15,531 53,007 43,384 9,534 439 May‐17 153,295 22,115 14,884 54,247 56,257 5,320 472 Jun‐17 160,837 23,411 15,845 57,599 56,381 7,051 549 Maximum 165,377 27,600 18,470 63,599 61,411 9,534 607 Rate Class NCP @ Meter (kW) ‐ Winter  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 164,373 22,552 14,069 60,018 61,403 5,724 607 Aug‐16 163,574 19,468 13,958 63,599 61,411 4,606 531 Sep‐16 158,817 22,276 15,855 61,012 53,109 6,077 488 Oct‐16 Nov‐16 Dec‐16 Jan‐17 Feb‐17 Mar‐17 Apr‐17 147,176 25,281 15,531 53,007 43,384 9,534 439 May‐17 153,295 22,115 14,884 54,247 56,257 5,320 472 Jun‐17 160,837 23,411 15,845 57,599 56,381 7,051 549 Maximum 164,373 25,281 15,855 63,599 61,411 9,534 607 Last Updated: 3/10/2016 1:16 PM Schedule 8.2 Page 2 of 5 Prepared By EES Consulting, Inc.City of Palo Alto FORECAST CUSTOMER DEMAND  Schedule 8.2 Rate Class NCP @ Meter (kW) ‐ Summer  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 Aug‐16 Sep‐16 Oct‐16 165,377 22,035 18,204 60,186 60,599 3,928 425 Nov‐16 158,676 21,028 18,470 58,652 52,341 7,787 399 Dec‐16 149,774 27,183 13,487 50,353 53,152 5,245 354 Jan‐17 137,978 27,001 10,364 48,640 47,344 4,301 327 Feb‐17 137,967 27,600 14,463 47,228 43,344 4,940 392 Mar‐17 143,230 21,008 12,027 50,965 54,892 3,951 386 Apr‐17 May‐17 Jun‐17 Maximum 165,377 27,600 18,470 60,186 60,599 7,787 425 Rate Class NCP @ Primary Voltage (kW) Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Line Losses:2.50% 2.50% 2.50% 0.95% 2.50% 2.50% Jul‐16 167,602 23,130 14,429 61,557 61,992 5,871 623 Aug‐16 166,782 19,967 14,316 65,230 62,000 4,725 545 Sep‐16 162,037 22,847 16,261 62,576 53,619 6,233 501 Oct‐16 168,645 22,600 18,671 61,729 61,180 4,029 436 Nov‐16 161,905 21,567 18,944 60,155 52,843 7,987 410 Dec‐16 152,761 27,880 13,833 51,644 53,662 5,379 363 Jan‐17 140,756 27,694 10,630 49,887 47,798 4,412 335 Feb‐17 140,809 28,308 14,834 48,439 43,760 5,066 402 Mar‐17 146,021 21,547 12,335 52,272 55,418 4,053 396 Apr‐17 150,253 25,929 15,929 54,366 43,800 9,778 450 May‐17 156,323 22,682 15,265 55,638 56,797 5,457 484 Jun‐17 164,056 24,012 16,252 59,076 56,922 7,232 563 Maximum 168,645 28,308 18,944 65,230 62,000 9,778 623 NCP @ Primary Voltage (kW) ‐ Winter  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 167,602 23,130 14,429 61,557 61,992 5,871 623 Aug‐16 166,782 19,967 14,316 65,230 62,000 4,725 545 Sep‐16 162,037 22,847 16,261 62,576 53,619 6,233 501 Oct‐16 Nov‐16 Dec‐16 Jan‐17 Feb‐17 Mar‐17 Apr‐17 150,253 25,929 15,929 54,366 43,800 9,778 450 May‐17 156,323 22,682 15,265 55,638 56,797 5,457 484 Jun‐17 164,056 24,012 16,252 59,076 56,922 7,232 563 Maximum 167,602 25,929 16,261 65,230 62,000 9,778 623 Last Updated: 3/10/2016 1:16 PM Schedule 8.2 Page 3 of 5 Prepared By EES Consulting, Inc.City of Palo Alto FORECAST CUSTOMER DEMAND  Schedule 8.2 NCP @ Primary Voltage (kW) ‐ Summer  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 Aug‐16 Sep‐16 Oct‐16 168,645 22,600 18,671 61,729 61,180 4,029 436 Nov‐16 161,905 21,567 18,944 60,155 52,843 7,987 410 Dec‐16 152,761 27,880 13,833 51,644 53,662 5,379 363 Jan‐17 140,756 27,694 10,630 49,887 47,798 4,412 335 Feb‐17 140,809 28,308 14,834 48,439 43,760 5,066 402 Mar‐17 146,021 21,547 12,335 52,272 55,418 4,053 396 Apr‐17 May‐17 Jun‐17 Maximum 168,645 28,308 18,944 61,729 61,180 7,987 436 Rate Class NCP @ Input Voltage (kW) Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Line Losses:0.80% 0.80% 0.80% 0.80% 0.80% 0.80% Jul‐16 168,954 23,317 14,546 62,054 62,492 5,918 628 Aug‐16 168,127 20,128 14,431 65,756 62,500 4,763 549 Sep‐16 163,344 23,032 16,393 63,081 54,051 6,283 505 Oct‐16 170,005 22,783 18,821 62,227 61,674 4,061 439 Nov‐16 163,210 21,741 19,097 60,641 53,269 8,051 413 Dec‐16 153,993 28,105 13,944 52,061 54,094 5,422 366 Jan‐17 141,891 27,917 10,716 50,289 48,184 4,447 338 Feb‐17 141,944 28,536 14,954 48,829 44,112 5,107 405 Mar‐17 147,199 21,720 12,435 52,693 55,865 4,085 399 Apr‐17 151,465 26,138 16,058 54,804 44,154 9,857 454 May‐17 157,584 22,865 15,388 56,087 57,255 5,501 488 Jun‐17 165,380 24,205 16,383 59,552 57,381 7,290 568 Maximum 170,005 28,536 19,097 65,756 62,500 9,857 628 NCP @ Input Voltage (kW) ‐ Winter  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 168,954 23,317 14,546 62,054 62,492 5,918 628 Aug‐16 168,127 20,128 14,431 65,756 62,500 4,763 549 Sep‐16 163,344 23,032 16,393 63,081 54,051 6,283 505 Oct‐16 Nov‐16 Dec‐16 Jan‐17 Feb‐17 Mar‐17 Apr‐17 151,465 26,138 16,058 54,804 44,154 9,857 454 May‐17 157,584 22,865 15,388 56,087 57,255 5,501 488 Jun‐17 165,380 24,205 16,383 59,552 57,381 7,290 568 Maximum 168,954 26,138 16,393 65,756 62,500 9,857 628 Last Updated: 3/10/2016 1:16 PM Schedule 8.2 Page 4 of 5 Prepared By EES Consulting, Inc.City of Palo Alto FORECAST CUSTOMER DEMAND  Schedule 8.2 NCP @ Input Voltage (kW) ‐ Summer  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 Aug‐16 Sep‐16 Oct‐16 170,005 22,783 18,821 62,227 61,674 4,061 439 Nov‐16 163,210 21,741 19,097 60,641 53,269 8,051 413 Dec‐16 153,993 28,105 13,944 52,061 54,094 5,422 366 Jan‐17 141,891 27,917 10,716 50,289 48,184 4,447 338 Feb‐17 141,944 28,536 14,954 48,829 44,112 5,107 405 Mar‐17 147,199 21,720 12,435 52,693 55,865 4,085 399 Apr‐17 May‐17 Jun‐17 Maximum 170,005 28,536 19,097 62,227 61,674 8,051 439 System Coincidence Factor Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 58% 90% 100% 100% 97% Aug‐16 59% 90% 97% 97% 97% Sep‐16 50% 97% 98% 98% 97% Oct‐16 93% 100% 100% 100% 98% 100% Nov‐16 50% 90% 100% 100% 90% 100% Dec‐16 58% 90% 100% 100% 90% 100% Jan‐17 90% 100% 100% 100% 96% 100% Feb‐17 83% 98% 100% 100% 95% 100% Mar‐17 60% 90% 100% 100% 97% 100% Apr‐17 93% 100% 100% 100% 100% May‐17 76% 100% 100% 100% 97% Jun‐17 98% 100% 100% 100% 100% Coincident Peak (CP) @ Input (kW) Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 156,901 13,524 13,091 62,054 62,492 5,741 Aug‐16 153,892 11,875 12,988 63,783 60,625 4,620 Sep‐16 148,481 11,516 15,901 61,945 53,024 6,095 Oct‐16 168,329 21,188 18,821 62,227 61,674 3,980 439 Nov‐16 149,625 10,870 17,187 60,641 53,269 7,246 413 Dec‐16 140,252 16,301 12,550 52,061 54,094 4,880 366 Jan‐17 138,921 25,125 10,716 50,289 48,184 4,269 338 Feb‐17 136,396 23,543 14,654 48,829 44,112 4,852 405 Mar‐17 137,145 13,032 11,191 52,693 55,865 3,963 399 Apr‐17 149,181 24,308 16,058 54,804 44,154 9,857 May‐17 151,443 17,377 15,388 56,087 57,255 5,336 Jun‐17 164,328 23,721 16,383 59,552 57,381 7,290 Total CP Demand ‐ Bottom Up 1,794,894 212,381 174,929 684,965 652,128 68,130 2,361 Peak Month 168,329 21,188 18,821 62,227 61,674 3,980 439 Last Updated: 3/10/2016 1:16 PM Schedule 8.2 Page 5 of 5 Prepared By EES Consulting, Inc.City of Palo Alto kWh @ Input Voltage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 84,221,494 12,197,250 6,346,606 29,437,301 33,651,339 2,425,491 163,508 Aug‐16 85,275,915 12,006,683 6,391,143 30,179,165 33,987,895 2,547,522 163,508 Sep‐16 88,810,020 12,019,229 6,586,023 31,151,306 36,018,110 2,871,844 163,508 Oct‐16 83,104,909 12,662,793 6,150,810 28,768,341 33,622,134 1,737,323 163,508 Nov‐16 85,407,717 11,869,049 5,998,093 28,598,155 35,525,930 3,252,982 163,508 Dec‐16 85,862,734 15,766,037 5,886,299 26,568,301 34,953,981 2,524,609 163,508 Jan‐17 83,331,554 17,760,868 6,097,855 26,270,091 30,746,994 2,292,238 163,508 Feb‐17 78,615,685 14,620,157 5,818,910 25,381,836 30,460,118 2,171,155 163,508 Mar‐17 78,520,925 13,666,341 5,626,301 24,642,717 32,355,777 2,066,281 163,508 Apr‐17 80,393,131 12,482,777 5,964,575 26,455,756 31,963,956 3,362,561 163,508 May‐17 79,419,811 11,641,645 6,027,025 26,890,151 32,207,966 2,489,517 163,508 Jun‐17 83,628,605 11,559,822 5,961,077 27,606,074 35,851,168 2,486,956 163,508 Total Purchases ‐ bottom up 996,592,500 158,252,650 72,854,715 331,949,194 401,345,367 30,228,479 1,962,095 growth in Purchases against Recorded (bottom‐up) 1% 0% 6%‐1% 0% On‐Peak Energy Use by Percentage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 66%66% 66% 66% 66% 66% 66% Aug‐16 66%66% 66% 66% 66% 66% 66% Sep‐16 66%66% 66% 66% 66% 66% 66% Oct‐16 66%66% 66% 66% 66% 66% 66% Nov‐16 66%66% 66% 66% 66% 66% 66% Dec‐16 66%66% 66% 66% 66% 66% 66% Jan‐17 66%66% 66% 66% 66% 66% 66% Feb‐17 66%66% 66% 66% 66% 66% 66% Mar‐17 66%66% 66% 66% 66% 66% 66% Apr‐17 66%66% 66% 66% 66% 66% 66% May‐17 66%66% 66% 66% 66% 66% 66% Jun‐17 66%66% 66% 66% 66% 66% 66% Total 66% 66% 66% 66% 66% 66% 66% On‐Peak kWh @ Input Voltage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 55,586,186 8,050,185 4,188,760 19,428,619 22,209,884 1,600,824 107,915 Aug‐16 56,282,104 7,924,411 4,218,154 19,918,249 22,432,011 1,681,364 107,915 Sep‐16 58,614,613 7,932,691 4,346,775 20,559,862 23,771,953 1,895,417 107,915 Oct‐16 54,849,240 8,357,443 4,059,535 18,987,105 22,190,609 1,146,633 107,915 Nov‐16 56,369,093 7,833,572 3,958,741 18,874,782 23,447,114 2,146,968 107,915 Dec‐16 56,669,405 10,405,585 3,884,957 17,535,079 23,069,627 1,666,242 107,915 Jan‐17 54,998,825 11,722,173 4,024,584 17,338,260 20,293,016 1,512,877 107,915 Feb‐17 51,886,352 9,649,304 3,840,480 16,752,012 20,103,678 1,432,963 107,915 Mar‐17 51,823,811 9,019,785 3,713,359 16,264,193 21,354,813 1,363,746 107,915 Apr‐17 53,059,467 8,238,633 3,936,619 17,460,799 21,096,211 2,219,290 107,915 May‐17 52,417,075 7,683,486 3,977,836 17,747,499 21,257,257 1,643,081 107,915 Jun‐17 55,194,879 7,629,482 3,934,311 18,220,009 23,661,771 1,641,391 107,915 Total 657,751,050 104,446,749 48,084,112 219,086,468 264,887,943 19,950,796 1,294,983 FORECAST kWh AT INPUT  Schedule 8.3 Last Updated: 3/10/2016 1:16 PM Schedule 8.3 Page 1 of 3 Prepared By EES Consulting, Inc.City of Palo Alto FORECAST kWh AT INPUT  Schedule 8.3 Off‐Peak Energy Use by Percentage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 34% 34% 34% 34% 34% 34% 34% Aug‐16 34% 34% 34% 34% 34% 34% 34% Sep‐16 34% 34% 34% 34% 34% 34% 34% Oct‐16 34% 34% 34% 34% 34% 34% 34% Nov‐16 34% 34% 34% 34% 34% 34% 34% Dec‐16 34% 34% 34% 34% 34% 34% 34% Jan‐17 34% 34% 34% 34% 34% 34% 34% Feb‐17 34% 34% 34% 34% 34% 34% 34% Mar‐17 34% 34% 34% 34% 34% 34% 34% Apr‐17 34% 34% 34% 34% 34% 34% 34% May‐17 34% 34% 34% 34% 34% 34% 34% Jun‐17 34% 34% 34% 34% 34% 34% 34% Total 34% 34% 34% 34% 34% 34% 34% Off‐Peak kWh @ Input Voltage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 28,635,308 4,147,065 2,157,846 10,008,682 11,441,455 824,667 55,593 Aug‐16 28,993,811 4,082,272 2,172,989 10,260,916 11,555,884 866,157 55,593 Sep‐16 30,195,407 4,086,538 2,239,248 10,591,444 12,246,157 976,427 55,593 Oct‐16 28,255,669 4,305,350 2,091,275 9,781,236 11,431,526 590,690 55,593 Nov‐16 29,038,624 4,035,477 2,039,352 9,723,373 12,078,816 1,106,014 55,593 Dec‐16 29,193,330 5,360,453 2,001,342 9,033,222 11,884,353 858,367 55,593 Jan‐17 28,332,728 6,038,695 2,073,271 8,931,831 10,453,978 779,361 55,593 Feb‐17 26,729,333 4,970,853 1,978,429 8,629,824 10,356,440 738,193 55,593 Mar‐17 26,697,115 4,646,556 1,912,942 8,378,524 11,000,964 702,536 55,593 Apr‐17 27,333,665 4,244,144 2,027,955 8,994,957 10,867,745 1,143,271 55,593 May‐17 27,002,736 3,958,159 2,049,188 9,142,651 10,950,708 846,436 55,593 Jun‐17 28,433,726 3,930,339 2,026,766 9,386,065 12,189,397 845,565 55,593 Total Off‐Peak Energy 338,841,450 53,805,901 24,770,603 112,862,726 136,457,425 10,277,683 667,112 Summary of Future Test Period Seasonal Load Data Power Supply  ‐ System kWh @ Input Voltage‐ Winter  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 84,221,494 12,197,250 6,346,606 29,437,301 33,651,339 2,425,491 163,508 Aug‐16 85,275,915 12,006,683 6,391,143 30,179,165 33,987,895 2,547,522 163,508 Sep‐16 88,810,020 12,019,229 6,586,023 31,151,306 36,018,110 2,871,844 163,508 Oct‐16 Nov‐16 Dec‐16 Jan‐17 Feb‐17 Mar‐17 Apr‐17 80,393,131 12,482,777 5,964,575 26,455,756 31,963,956 3,362,561 163,508 May‐17 79,419,811 11,641,645 6,027,025 26,890,151 32,207,966 2,489,517 163,508 Jun‐17 83,628,605 11,559,822 5,961,077 27,606,074 35,851,168 2,486,956 163,508 Total Winter 501,748,976 71,907,405 37,276,447 171,719,752 203,680,433 16,183,890 981,048 Last Updated: 3/10/2016 1:16 PM Schedule 8.3 Page 2 of 3 Prepared By EES Consulting, Inc.City of Palo Alto FORECAST kWh AT INPUT  Schedule 8.3 ‐System kWh @ Input Voltage‐ Summer  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 Aug‐16 Sep‐16 Oct‐16 83,104,909 12,662,793 6,150,810 28,768,341 33,622,134 1,737,323 163,508 Nov‐16 85,407,717 11,869,049 5,998,093 28,598,155 35,525,930 3,252,982 163,508 Dec‐16 85,862,734 15,766,037 5,886,299 26,568,301 34,953,981 2,524,609 163,508 Jan‐17 83,331,554 17,760,868 6,097,855 26,270,091 30,746,994 2,292,238 163,508 Feb‐17 78,615,685 14,620,157 5,818,910 25,381,836 30,460,118 2,171,155 163,508 Mar‐17 78,520,925 13,666,341 5,626,301 24,642,717 32,355,777 2,066,281 163,508 Apr‐17 May‐17 Jun‐17 Total Summer 494,843,524 86,345,245 35,578,267 160,229,442 197,664,934 14,044,589 981,048  CP @ Input Voltage‐ Winter  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 156,901 13,524 13,091 62,054 62,492 5,741 Aug‐16 153,892 11,875 12,988 63,783 60,625 4,620 Sep‐16 148,481 11,516 15,901 61,945 53,024 6,095 Oct‐16 Nov‐16 Dec‐16 Jan‐17 Feb‐17 Mar‐17 Apr‐17 149,181 24,308 16,058 54,804 44,154 9,857 May‐17 151,443 17,377 15,388 56,087 57,255 5,336 Jun‐17 164,328 23,721 16,383 59,552 57,381 7,290 Total Winter 924,225 102,322 89,809 358,225 334,930 38,939 CP @ Input Voltage‐ Summer  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐16 Aug‐16 Sep‐16 Oct‐16 168,329 21,188 18,821 62,227 61,674 3,980 439 Nov‐16 149,625 10,870 17,187 60,641 53,269 7,246 413 Dec‐16 140,252 16,301 12,550 52,061 54,094 4,880 366 Jan‐17 138,921 25,125 10,716 50,289 48,184 4,269 338 Feb‐17 136,396 23,543 14,654 48,829 44,112 4,852 405 Mar‐17 137,145 13,032 11,191 52,693 55,865 3,963 399 Apr‐17 May‐17 Jun‐17 Total Summer 870,669 110,059 85,120 326,740 317,198 29,190 2,361 Last Updated: 3/10/2016 1:16 PM Schedule 8.3 Page 3 of 3 Prepared By EES Consulting, Inc.City of Palo Alto Number of Customers / Services Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic  Lights Jul‐14 29,547 25,565 3,057 742 60 122 1 Aug‐14 29,529 25,535 3,060 743 67 123 1 Sep‐14 28,949 24,968 3,049 741 68 122 1 Oct‐14 29,679 25,666 3,083 741 67 121 1 Nov‐14 28,235 24,269 3,043 733 67 122 1 Dec‐14 29,346 25,359 3,060 741 67 118 1 Jan‐15 29,667 25,656 3,077 742 67 124 1 Feb‐15 29,562 25,555 3,074 740 67 125 1 Mar‐15 29,628 25,625 3,077 738 63 124 1 Apr‐15 29,575 25,562 3,097 724 67 124 1 May‐15 29,109 25,109 3,088 726 64 121 1 Jun‐15 29,245 25,223 3,110 720 67 124 1 Total Average 29,339 25,341 3,073 736 66 123 1  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Input Recorded Data Energy Sales (kWh) 952,681,486 150,866,189 70,484,515 303,932,544 396,348,590 29,152,302 1,897,346 Total Billing Capacity (kVa) 1,521,344 773,606 747,738 Avg. Monthly Billing Capacity (kVa) 126,779 64,467 62,312 Number of Customers 29,339 25,341 3,073 736 66 123 1 Ratio of NCP to Avg. Billing Capacity 11 Rate Classes NCP Demand at Meter 177,573 27,808 17,374 63,599 61,411 6,775 607 Estimated Based on Recorded Data Annual NCP Load Factor 61% 62% 46% 55% 74% 49% 36% Rate Classes CP Demand at Input Voltage 169,623 21,594 17,963 62,227 61,674 5,712 454 Annual CP Load Factor 64% 80% 45% 56% 73% 58% 48% Average On‐Peak kWh as a % of Total kWh 66% 66% 66% 66% 66% 66% Average Off‐Peak kWh as a % of Total kWh 34% 34% 34% 34% 34% 34% kWh Sales at the Meter Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 77,965,899 11,789,582 5,880,488 26,024,709 31,803,107 2,309,901 158,112 Aug‐14 82,987,201 11,330,498 5,895,458 27,361,945 35,773,165 2,468,023 158,112 Sep‐14 87,503,059 11,560,737 6,386,405 29,269,602 37,406,835 2,721,368 158,112 Oct‐14 78,632,817 12,077,193 5,493,428 25,803,870 32,767,071 2,333,143 158,112 Nov‐14 79,700,792 11,607,795 5,456,028 24,942,299 34,971,656 2,564,902 158,112 Dec‐14 80,199,169 15,092,762 5,446,408 24,598,609 32,572,571 2,330,707 158,112 Jan‐15 80,513,170 17,342,158 5,951,986 24,061,704 30,479,098 2,520,112 158,112 Feb‐15 81,389,444 14,606,393 5,799,412 24,244,688 34,041,901 2,538,938 158,112 Mar‐15 71,512,256 12,097,303 5,333,019 22,956,678 28,761,884 2,205,260 158,112 Apr‐15 77,355,465 11,477,709 5,894,120 23,923,508 33,608,313 2,293,703 158,112 May‐15 76,149,464 11,077,484 6,431,015 25,223,376 30,780,866 2,478,611 158,112 Jun‐15 78,772,748 10,806,575 6,516,748 25,521,556 33,382,123 2,387,634 158,112 Total Sales 952,681,486 150,866,189 70,484,515 303,932,544 396,348,590 29,152,302 1,897,346 Load Data And Customer Sales ‐‐ Recorded Year ‐‐ Historic Energy, Demand And Customer Count RECORDED CUSTOMERS AND ENERGY SALES Schedule 8.4 Historic Year By Rate Class Last Updated: 3/10/2016 1:16 PM Schedule 8.4 Page 1 of 1 Prepared By EES Consulting, Inc.City of Palo Alto Metered Demand ‐ kVA  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 137,681 70,573 67,108 Aug‐14 137,268 70,808 66,460 Sep‐14 127,754 68,874 58,881 Oct‐14 139,636 69,274 70,362 Nov‐14 127,926 66,391 61,535 Dec‐14 124,223 60,673 63,551 Jan‐15 111,508 58,366 53,142 Feb‐15 108,195 57,248 50,947 Mar‐15 127,061 58,641 68,420 Apr‐15 114,608 61,809 52,799 May‐15 131,158 64,005 67,154 Jun‐15 134,324 66,944 67,380 Total 1,521,344 773,606 747,738  Individual Load Factor  Residential E‐1  Small Non‐ residential E‐2  Medium Non‐ residential E‐4   Large Non‐ residential E‐7  City Accounts E‐ 18  Street/Traffic Lights  Jul‐14 66.78% 55.70% 49.56% 63.70% 49.56% 35.00% Aug‐14 68.14% 50.59% 57.50% 80.10% 57.50% 40.00% Sep‐14 68.84% 53.00% 57.12% 85.39% 57.12% 45.00% Oct‐14 70.96% 41.72% 51.73% 64.68% 51.73% 50.00% Nov‐14 72.02% 41.43% 50.50% 76.39% 50.50% 55.00% Dec‐14 71.61% 53.89% 56.31% 71.19% 56.31% 60.00% Jan‐15 72.67% 65.00% 55.41% 77.09% 55.41% 65.00% Feb‐15 72.41% 55.00% 56.92% 89.81% 56.92% 60.00% Mar‐15 71.87% 51.68% 54.37% 58.38% 54.37% 55.00% Apr‐15 63.00% 49.00% 52.02% 85.55% 45.00% 50.00% May‐15 65.00% 50.00% 54.73% 63.66% 54.73% 45.00% Jun‐15 63.00% 48.00% 51.24% 66.59% 45.00% 40.00% Individual NCP (kW) Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Power Factor:100% 100% Jul‐14 182,471 23,729 14,190 70,573 67,108 6,264 607 Aug‐14 186,332 24,746 17,343 70,808 66,460 6,387 588 Sep‐14 173,397 22,571 16,196 68,874 58,881 6,404 472 Oct‐14 188,267 23,640 18,288 69,274 70,362 6,264 439 Nov‐14 174,503 21,664 17,699 66,391 61,535 6,827 386 Dec‐14 173,646 29,271 14,037 60,673 63,551 5,749 366 Jan‐15 162,332 32,076 12,308 58,366 53,142 6,113 327 Feb‐15 155,828 27,111 14,173 57,248 50,947 5,995 354 Mar‐15 170,804 23,378 14,332 58,641 68,420 5,633 399 Apr‐15 162,539 24,487 16,168 61,809 52,799 6,851 425 May‐15 179,469 23,670 17,864 64,005 67,154 6,289 488 Jun‐15 183,290 23,056 18,248 66,944 67,380 7,132 531 Maximum 188,267 32,076 18,288 70,808 70,362 7,132 607 RECORDED CUSTOMER DEMAND  Schedule 8.5 Last Updated: 3/10/2016 1:16 PM Schedule 8.5 Page 1 of 3 Prepared By EES Consulting, Inc.City of Palo Alto RECORDED CUSTOMER DEMAND  Schedule 8.5  Group Coincidence Factor  Residential E‐1  Small Non‐ residential E‐2  Medium Non‐ residential E‐4   Large Non‐ residential E‐7  City Accounts E‐ 18  Street/Traffic Lights  Jul‐14 95.00% 95.00% 85.04% 91.50% 90.00% 100.00% Aug‐14 85.00% 85.00% 89.82% 92.40% 80.00% 100.00% Sep‐14 95.00% 95.00% 88.58% 90.20% 90.00% 100.00% Oct‐14 95.00% 95.00% 86.88% 86.12% 90.00% 100.00% Nov‐14 95.00% 95.00% 88.34% 85.06% 90.00% 100.00% Dec‐14 95.00% 95.00% 82.99% 83.64% 90.00% 100.00% Jan‐15 85.00% 85.00% 83.33% 89.09% 80.00% 100.00% Feb‐15 95.00% 95.00% 82.50% 85.08% 90.00% 100.00% Mar‐15 85.00% 85.00% 86.91% 80.23% 80.00% 100.00% Apr‐15 95.00% 95.00% 85.76% 82.17% 95.00% 100.00% May‐15 95.00% 95.00% 84.76% 83.77% 90.00% 100.00% Jun‐15 95.00% 95.00% 86.04% 83.68% 95.00% 100.00% Rate Class NCP @ Meter (kW)Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 163,688 22,542 13,480 60,018 61,403 5,638 607 Aug‐14 166,483 21,034 14,742 63,599 61,411 5,109 588 Sep‐14 157,185 21,443 15,386 61,012 53,109 5,763 472 Oct‐14 166,693 22,458 17,374 60,186 60,599 5,637 439 Nov‐14 154,918 20,581 16,814 58,652 52,341 6,145 386 Dec‐14 150,187 27,808 13,335 50,353 53,152 5,174 366 Jan‐15 138,927 27,264 10,462 48,640 47,344 4,890 327 Feb‐15 135,541 25,756 13,464 47,228 43,344 5,396 354 Mar‐15 142,816 19,872 12,182 50,965 54,892 4,507 399 Apr‐15 141,947 23,263 15,359 53,007 43,384 6,508 425 May‐15 156,110 22,486 16,971 54,247 56,257 5,661 488 Jun‐15 160,525 21,903 17,336 57,599 56,381 6,775 531 Maximum 166,693 27,808 17,374 63,599 61,411 6,775 607 Rate Class NCP @ Primary Voltage (kW)Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Line Losses:2.50% 2.50% 2.50% 0.95% 2.50% 2.50% Jul‐14 166,900 23,120 13,826 61,557 61,992 5,782 623 Aug‐14 169,766 21,573 15,119 65,230 62,000 5,240 603 Sep‐14 160,363 21,993 15,781 62,576 53,619 5,911 484 Oct‐14 169,994 23,034 17,819 61,729 61,180 5,782 450 Nov‐14 158,050 21,108 17,245 60,155 52,843 6,302 396 Dec‐14 153,185 28,521 13,677 51,644 53,662 5,307 375 Jan‐15 141,730 27,964 10,730 49,887 47,798 5,016 335 Feb‐15 138,321 26,416 13,809 48,439 43,760 5,534 363 Mar‐15 145,597 20,381 12,494 52,272 55,418 4,622 410 Apr‐15 144,890 23,859 15,753 54,366 43,800 6,675 436 May‐15 159,210 23,063 17,406 55,638 56,797 5,806 501 Jun‐15 163,736 22,464 17,780 59,076 56,922 6,949 545 Maximum 169,994 28,521 17,819 65,230 62,000 6,949 623 Last Updated: 3/10/2016 1:16 PM Schedule 8.5 Page 2 of 3 Prepared By EES Consulting, Inc.City of Palo Alto RECORDED CUSTOMER DEMAND  Schedule 8.5 Rate Class NCP @ Input Voltage (kW)Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Line Losses:0.80% 0.80% 0.80% 0.80% 0.80% 0.80% Jul‐14 168,246 23,307 13,937 62,054 62,492 5,829 628 Aug‐14 171,135 21,747 15,241 65,756 62,500 5,283 608 Sep‐14 161,656 22,170 15,908 63,081 54,051 5,959 488 Oct‐14 171,365 23,220 17,963 62,227 61,674 5,828 454 Nov‐14 159,324 21,278 17,384 60,641 53,269 6,353 399 Dec‐14 154,421 28,751 13,787 52,061 54,094 5,349 378 Jan‐15 142,873 28,189 10,816 50,289 48,184 5,056 338 Feb‐15 139,436 26,629 13,921 48,829 44,112 5,579 366 Mar‐15 146,771 20,546 12,595 52,693 55,865 4,659 413 Apr‐15 146,058 24,052 15,880 54,804 44,154 6,729 439 May‐15 160,494 23,249 17,546 56,087 57,255 5,853 505 Jun‐15 165,056 22,645 17,924 59,552 57,381 7,005 549 Maximum 171,365 28,751 17,963 65,756 62,500 7,005 628 System Coincidence Factor  Residential E‐1  Small Non‐ residential E‐2  Medium Non‐ residential E‐4   Large Non‐ residential E‐7  City Accounts E‐ 18  Street/Traffic Lights  Jul‐14 58.00% 90.00% 100.00% 100.00% 97.00% Aug‐14 59.00% 90.00% 97.00% 97.00% 97.00% Sep‐14 50.00% 97.00% 98.20% 98.10% 97.00% Oct‐14 93.00% 100.00% 100.00% 100.00% 98.00% 100.00% Nov‐14 50.00% 90.00% 100.00% 100.00% 90.00% 100.00% Dec‐14 58.00% 90.00% 100.00% 100.00% 90.00% 100.00% Jan‐15 90.00% 100.00% 100.00% 100.00% 96.00% 100.00% Feb‐15 82.50% 98.00% 100.00% 100.00% 95.00% 100.00% Mar‐15 60.00% 90.00% 100.00% 100.00% 97.00% 100.00% Apr‐15 93.00% 100.00% 100.00% 100.00% 100.00% May‐15 76.00% 100.00% 100.00% 100.00% 97.00% Jun‐15 98.00% 100.00% 100.00% 100.00% 100.00% Coincident Peak (CP) @ Input (kW) Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 156,261 13,518 12,544 62,054 62,492 5,654 Aug‐14 156,081 12,831 13,717 63,783 60,625 5,124 Sep‐14 147,265 11,085 15,431 61,945 53,024 5,780 Oct‐14 169,623 21,594 17,963 62,227 61,674 5,712 454 Nov‐14 146,311 10,639 15,646 60,641 53,269 5,718 399 Dec‐14 140,432 16,675 12,409 52,061 54,094 4,814 378 Jan‐15 139,851 25,370 10,816 50,289 48,184 4,854 338 Feb‐15 134,219 21,969 13,642 48,829 44,112 5,300 366 Mar‐15 137,154 12,327 11,336 52,693 55,865 4,520 413 Apr‐15 143,935 22,368 15,880 54,804 44,154 6,729 May‐15 154,234 17,669 17,546 56,087 57,255 5,677 Jun‐15 164,054 22,193 17,924 59,552 57,381 7,005 Total 1,789,420 208,239 174,853 684,965 652,128 66,886 2,349 Peak Month 169,623 21,594 17,963 62,227 61,674 5,712 454 Last Updated: 3/10/2016 1:16 PM Schedule 8.5 Page 3 of 3 Prepared By EES Consulting, Inc.City of Palo Alto kWh @ Input Voltage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 80,107,726 12,191,915 6,081,166 26,912,832 32,369,575 2,388,729 163,508 Aug‐14 85,235,616 11,717,164 6,096,647 28,295,703 36,410,346 2,552,247 163,508 Sep‐14 89,878,931 11,955,261 6,604,349 30,268,461 38,073,115 2,814,238 163,508 Oct‐14 80,781,677 12,489,341 5,680,898 26,684,457 33,350,708 2,412,764 163,508 Nov‐14 81,850,131 12,003,925 5,642,221 25,793,484 35,594,561 2,652,432 163,508 Dec‐14 82,404,655 15,607,820 5,632,273 25,438,065 33,152,744 2,410,245 163,508 Jan‐15 82,763,526 17,933,979 6,155,104 24,882,838 31,021,983 2,606,114 163,508 Feb‐15 83,611,578 15,104,853 5,997,324 25,072,066 34,648,245 2,625,582 163,508 Mar‐15 73,483,461 12,510,138 5,515,014 23,740,101 29,274,182 2,280,517 163,508 Apr‐15 79,447,009 11,869,399 6,095,264 24,739,926 34,206,934 2,371,978 163,508 May‐15 78,245,980 11,455,516 6,650,481 26,084,153 31,329,126 2,563,196 163,508 Jun‐15 80,916,349 11,175,362 6,739,140 26,392,509 33,976,716 2,469,115 163,508 Total Purchases ‐ Bottom Up 978,726,637 156,014,673 72,889,881 314,304,596 403,408,234 30,147,158 1,962,095 Historic Load Reconciliation  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Secondary Line Losses 2.50% 2.50% 2.50% 0.95% 2.50% 2.50% Primary Line Losses 0.80% 0.80% 0.80% 0.80% 0.80% 0.80% Total Jul‐14 Aug‐14 Sep‐14 Oct‐14 Nov‐14 Dec‐14 Recorded Energy Purchases kWh 980,893,955 85,616,647 86,907,303 83,078,225 82,724,711 79,300,007 83,420,214 Bottom‐Up Energy Purchases kWh 978,726,637 80,107,726 85,235,616 89,878,931 80,781,677 81,850,131 82,404,655 % Difference 0.22% 7% 2%‐8% 2%‐3% 1% Measured System Demand kW 1,821,704 156,272 156,120 147,279 170,079 146,691 140,814 CP @ Input Demand kW 1,789,420 156,261 156,081 147,265 169,623 146,311 140,432 % Difference 1.8% 0.0% 0.0% 0.0% 0.3% 0.3% 0.3% On‐Peak Energy Use by Percentage  Average Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 66% 66% 66% 66% 66% 66% 66% Aug‐14 66% 66% 66% 66% 66% 66% 66% Sep‐14 66% 66% 66% 66% 66% 66% 66% Oct‐14 66% 66% 66% 66% 66% 66% 66% Nov‐14 66% 66% 66% 66% 66% 66% 66% Dec‐14 66% 66% 66% 66% 66% 66% 66% Jan‐15 66% 66% 66% 66% 66% 66% 66% Feb‐15 66% 66% 66% 66% 66% 66% 66% Mar‐15 66% 66% 66% 66% 66% 66% 66% Apr‐15 66% 66% 66% 66% 66% 66% 66% May‐15 66% 66% 66% 66% 66% 66% 66% Jun‐15 66% 66% 66% 66% 66% 66% 66% Total (Derived)66%66% 66% 66% 66% 66% 66% RECORDED kWh AT INPUT  Schedule 8.6 Last Updated: 3/10/2016 1:16 PM Schedule 8.6 Page 1 of 2 Prepared By EES Consulting, Inc.City of Palo Alto RECORDED kWh AT INPUT  Schedule 8.6 On‐Peak kWh @ Input Voltage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 52,871,099 8,046,664 4,013,570 17,762,469 21,363,919 1,576,561 107,915 Aug‐14 56,255,507 7,733,329 4,023,787 18,675,164 24,030,828 1,684,483 107,915 Sep‐14 59,320,094 7,890,472 4,358,870 19,977,184 25,128,256 1,857,397 107,915 Oct‐14 53,315,906 8,242,965 3,749,392 17,611,742 22,011,468 1,592,424 107,915 Nov‐14 54,021,086 7,922,590 3,723,866 17,023,699 23,492,410 1,750,605 107,915 Dec‐14 54,387,072 10,301,161 3,717,300 16,789,123 21,880,811 1,590,762 107,915 Jan‐15 54,623,927 11,836,426 4,062,369 16,422,673 20,474,509 1,720,035 107,915 Feb‐15 55,183,642 9,969,203 3,958,234 16,547,564 22,867,842 1,732,884 107,915 Mar‐15 48,499,084 8,256,691 3,639,910 15,668,467 19,320,960 1,505,141 107,915 Apr‐15 52,435,026 7,833,803 4,022,874 16,328,351 22,576,577 1,565,506 107,915 May‐15 51,642,347 7,560,641 4,389,317 17,215,541 20,677,223 1,691,710 107,915 Jun‐15 53,404,790 7,375,739 4,447,832 17,419,056 22,424,632 1,629,616 107,915 Total On‐Peak Energy ‐ Bottom‐Up 645,959,581 102,969,684 48,107,322 207,441,033 266,249,435 19,897,124 1,294,983 Off‐Peak Energy Use by Percentage  Average Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 34% 34% 34% 34% 34% 34% 34% Aug‐14 34% 34% 34% 34% 34% 34% 34% Sep‐14 34% 34% 34% 34% 34% 34% 34% Oct‐14 34% 34% 34% 34% 34% 34% 34% Nov‐14 34% 34% 34% 34% 34% 34% 34% Dec‐14 34% 34% 34% 34% 34% 34% 34% Jan‐15 34% 34% 34% 34% 34% 34% 34% Feb‐15 34% 34% 34% 34% 34% 34% 34% Mar‐15 34% 34% 34% 34% 34% 34% 34% Apr‐15 34% 34% 34% 34% 34% 34% 34% May‐15 34% 34% 34% 34% 34% 34% 34% Jun‐15 34% 34% 34% 34% 34% 34% 34% Total (Derived) 34%34% 34% 34% 34% 34% 34% Off‐Peak kWh @ Input Voltage  Total Residential E‐1 Small Non‐ residential E‐2 Medium Non‐ residential E‐4 Large Non‐ residential E‐7 City Accounts E‐ 18 Street/Traffic Lights Jul‐14 27,236,627 4,145,251 2,067,597 9,150,363 11,005,655 812,168 55,593 Aug‐14 28,980,109 3,983,836 2,072,860 9,620,539 12,379,518 867,764 55,593 Sep‐14 30,558,836 4,064,789 2,245,478 10,291,277 12,944,859 956,841 55,593 Oct‐14 27,465,770 4,246,376 1,931,505 9,072,715 11,339,241 820,340 55,593 Nov‐14 27,829,044 4,081,334 1,918,355 8,769,785 12,102,151 901,827 55,593 Dec‐14 28,017,583 5,306,659 1,914,973 8,648,942 11,271,933 819,483 55,593 Jan‐15 28,139,599 6,097,553 2,092,736 8,460,165 10,547,474 886,079 55,593 Feb‐15 28,427,937 5,135,650 2,039,090 8,524,503 11,780,403 892,698 55,593 Mar‐15 24,984,377 4,253,447 1,875,105 8,071,634 9,953,222 775,376 55,593 Apr‐15 27,011,983 4,035,596 2,072,390 8,411,575 11,630,358 806,473 55,593 May‐15 26,603,633 3,894,875 2,261,163 8,868,612 10,651,903 871,487 55,593 Jun‐15 27,511,559 3,799,623 2,291,307 8,973,453 11,552,083 839,499 55,593 Total Off‐Peak Energy ‐ Bottom‐Up 332,767,057 53,044,989 24,782,560 106,863,563 137,158,800 10,250,034 667,112 Last Updated: 3/10/2016 1:16 PM Schedule 8.6 Page 2 of 2 Attachment D NOT YET APPROVED 160330 jb 6053723 Resolution No. _________ Resolution of the Council of the City of Palo Alto Adopting an Electric Rate Increase and Amending Rate Schedules E-1 (Residential Electric Service), E-2 (Small Commercial Electric Service), E-2-G (Small Commercial Green Power Electric Service), E-4 (Medium Commercial Electric Service), E-4-G (Medium Commercial Green Power Electric Service), E-4 TOU (Medium Commercial Time of Use Electric Service), E 7 (Large Commercial Electric Service), E-7-G (Large Commercial Green Power Electric Service), E 7 TOU (Large Commercial Time of Use Electric Service), E-14 (Street Lights), and E-16 (Unmetered Electrical Service) and Repealing Rate Schedules E-18 (Municipal Electric Service) and E- 18-G (Municipal Green Power Electric Service) R E C I T A L S A. 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. B. On ____, 2016, 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. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-1 (Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-1, as amended, shall become effective July 1, 2016. SECTION 2. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2 (Small Commercial Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2, as amended, shall become effective July 1, 2016. SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2-G (Small Commercial Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2-G, as amended, shall become effective July 1, 2016. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 (Medium Commercial Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4, as amended, shall become effective July 1, 2016. Attachment D NOT YET APPROVED 160330 jb 6053723 SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4-G (Medium Commercial Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4-G, as amended, shall become effective July 1, 2016. SECTION 6. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 TOU (Medium Commercial Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4 TOU, as amended, shall become effective July 1, 2016. SECTION 7. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 (Large Commercial Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7, as amended, shall become effective July 1, 2016. SECTION 8. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7-G (Large Commercial Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7, as amended, shall become effective July 1, 2016. SECTION 9. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 TOU (Large Commercial Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7 TOU, as amended, shall become effective July 1, 2016. SECTION 10. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-14 (Street Lights) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-14, as amended, shall become effective July 1, 2016. SECTION 11. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-16 (Unmetered Electrical Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-16, as amended, shall become effective July 1, 2016. SECTION 12. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-18 (Municipal Electric Service) is hereby repealed effective July 1, 2016. SECTION 13. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-18-G (Municipal Green Power Electric Service) is hereby repealed effective July 1, 2016. SECTION 14. The City Council finds as follows: a. Revenue derived from the electric rates approved by this resolution does not exceed the funds required to provide electric service. Attachment D NOT YET APPROVED 160330 jb 6053723 b. 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. c. 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. SECTION 15. The adoption of this resolution 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 Title 14 of the California Code of Regulations Sec. 15273(a). After reviewing the staff report and all attachments presented to Council, the Council incorporates these documents herein and finds that sufficient evidence has been presented setting forth with specificity the basis for this claim of CEQA exemption. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-2009 Supersedes Sheet No E-1-1 dated 11-1-2008 Sheet No E-1-1 A. APPLICABILITY: This schedule applies to separately metered single-family residential dwellings receiving retail energy services 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 $0.05448 $0.05883 $0.03755 $0.04795 $0.00321 $0.00351 $0.09524 $0.11029 Tier 2 usage 100%-200% ofAny usage over Tier 1 0.07654 0.09728 0.05045 0.06822 0.00321 0.00351 0.13020 0.16901 Tier 3 usage Over 200% of Tier 1 0.10349 0.06729 0.00321 0.17399 Minimum Bill ($/day) 0.3067 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 10 11 kWh per day, prorated by meter reading days of service. As an example, for a 30-day bill, the Tier 1 level would be 300 330 kWh. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. {End} SMALL COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2009 Supersedes Sheet No E-2-1 dated 7-1-200911-1-2008 Sheet No E-2-1 A. APPLICABILITY: This schedule applies to non-demand metered electric service for small commercial customers and master-metered multi-family facilities. 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 $0.08219 $0.09094 $0.05505 $0.07400 $0.00321 $0.00351 $0.14045 $0.16845 Winter Period 0.07406 0.06417 0.04934 0.04677 0.00321 0.00351 0.12661 0.11445 Minimum Bill ($/day) 0.7657 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 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. SMALL COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2009 Supersedes Sheet No E-2-2 dated 7-1-200911-1-2008 Sheet No E-2-2 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 in case the load is intermittent or subject to violent 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. {End} SMALL COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-2-G-1 dated 7-1-20149-1-2013 Sheet No E-2-G-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Electric Service from the City of Palo Alto Utilities under the Palo Alto Green Program: 1. Small commercial Customers receiving Non-Demand Metered electric service; and 2. Customers with accounts at Master-metered multi-family facilities. 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 $0.09094 $0.08219 $0.07400 $0.05505 $0.00351 $0.00321 $0.0020 $0.14245 $0.17045 Winter Period 0.06417 0.07406 0.04677 0.04934 0.00351 0.00321 0.0020 0.12861 $0.11645 Minimum Bill ($/day) 0.7657 2. 1000 kWh Block Purchase Option: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Total Summer Period $0.09094 $0.08219 $0.07400 $0.05505 $0.00351 $0.00321 $0.16845 $0.14045 Winter Period 0.06417 0.07406 0.04677 0.04934 0.00351 0.00321 0.11445 0.12661 Minimum Bill ($/day) 0.7657 Palo Alto Green Charge (per 1000 kWh block) $2.00 SMALL COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-2-G-2 dated 7-1-20149-1-2013 Sheet No E-2-G-2 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use 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 provides for either the purchase of enough renewable energy credits (RECs) to match 100% of the energy usage at the facility every month, or for the purchase of 1000 kilowatt-hour (kWh) blocks. 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 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 SMALL COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-2-G-3 dated 7-1-20149-1-2013 Sheet No E-2-G-3 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 in case the load is intermittent or subject to violent 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. {End} MEDIUM COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-1 dated 2-5-20137-1-2009 Sheet No E-4-1 A. APPLICABILITY: This schedule applies to Demand metered secondary Electric Service for customers with a Maximum Demand below 1,000 kilowatts. This schedule applies to three-phase Electric Service and may include Service to master-metered multi-family facilities or other facilities requiring Demand-metered services, as determined by the City. B. TERRITORY: This rate schedule applies anywhere 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) $5.31 $2.53 $15.23 $17.14 $20.54 $19.68 Energy Charge (per kWh) 0.06083 0.08218 0.01767 0.01661 0.00321 0.00351 0.08171 0.10229 Winter Period Demand Charge (per kW) $4.80 $1.55 $9.04 $12.49 $13.84 $14.04 Energy Charge (per kWh) 0.05281 0.06037 0.01716 0.01661 0.00321 0.00351 0.07318 0.08049 Minimum Bill ($/day) 16.3216 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. MEDIUM COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-2 dated 2-5-20137-1-2009 Sheet No E-4-2 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 in case the load is intermittent or subject to violent 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. Power Factor For new or existing customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option of installing applicable metering to calculate a Power Factor. The City may remove such metering from the Service of a customer whose Demand has been below 200 kilowatts for four consecutive months. When such metering is installed, the monthly Electric bill will include a “Power Factor Adjustment”, if applicable. The adjustment will be applied to a customer’s bill prior to MEDIUM COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-3 dated 2-5-20137-1-2009 Sheet No E-4-3 the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent (0.25%) for each one percent (1%) that the monthly Power Factor of the customer’s load was less than 95%. The monthly Power Factor is the average Power Factor based on the ratio of kilowatt hours to kilovolt-ampere hours consumed during the month. Where time-of-day metering is installed, the monthly Power Factor shall be the Power Factor coincident with the customer's Maximum Demand. 5. 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. 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 1/2 percent for available line voltages above 2 kilovolts will be allowed provided 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. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any customer receiving a discount hereunder and affected by such change. 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. MEDIUM COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-4 dated 2-5-20137-1-2009 Sheet No E-4-4 b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.69 $15.23 $15.92 Winter Period $0.63 $9.04 $9.67 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. 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} MEDIUM COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-TOU-1 dated 2-5-20137-1-2009 Sheet No E-4-TOU-1 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 schedule applies to three-phase Electric Service and may include Service to master- metered multi-family facilities or other facilities requiring Demand-metered services, as determined by the City. In addition, this rate schedule is applicable for customers who did not pay Power Factor Adjustments during the last 12 months. B. TERRITORY: This rate schedule applies anywhere 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 $1.52$3.12 $5.91$8.96 $7.42$12.08 Mid-Peak 0.541.99 5.915.65 6.447.64 Off-Peak 0.541.13 5.913.26 6.444.39 Energy Charge (per kWh) Peak $0.08819 $0.10963 $0.01661 $0.03242 $0.00351 $0.00321 $0.10830 $0.14526 Mid-Peak 0.08367 0.05617 0.01661 0.01623 0.00351 0.00321 0.10378 0.07561 Off-Peak 0.07332 0.04298 0.01661 0.01218 0.00351 0.00321 0.09344 0.05837 Winter Period Demand Charge (per kW) Peak $2.77$0.87 $5.10$6.96 $7.87$7.83 Off-Peak 1.490.87 2.946.96 4.437.83 MEDIUM COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-TOU-2 dated 2-5-20137-1-2009 Sheet No E-4-TOU-2 Commodity Distribution Public Benefits Total Energy Charge (per kWh) Peak $0.07003 $0.06566 $0.02296 $0.01661 $0.00321 $0.00351 $0.09620 $0.08577 Off-Peak 0.04088 0.06167 0.01313 0.01661 $0.00351 0.00321 0.05722 0.08178 Minimum Bill ($/day) 16.3216 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): Peak: 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) Mid Peak: 8:00 a.m. to 12:00 noon Monday through Friday (except holidays) 6:00 p.m. to 9:00 p.m. Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday (except holidays) All day Saturday, Sunday, and holidays WINTER PERIOD (Service from November 1 to April 30): Peak: 8:00 a.m. to 9:00 p.m. Monday through Friday (except holidays) Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday (except MEDIUM COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-TOU-3 dated 2-5-20137-1-2009 Sheet No E-4-TOU-3 holidays) All day Saturday, Sunday, and holidays HOLIDAYS: “Holidays” for the purposes of this rate schedule are New Years Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, and Christmas Day. The dates will be those on which the holidays are legally observed. 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. Power Factor Adjustment Time of Use customers must not have had a Power Factor Adjustment assessed on their Service for at least 12 months. Power factor is calculated based on the ratio of kilowatt hours to kilovolt-ampere hours consumed during the month, and must not have fallen below 95% to avoid the Power Factor Adjustment. Should the City of Palo Alto Utilities Department find that the Customer’s Service should be subject to Power Factor Adjustments, the Customer will be removed from the E-4- TOU rate schedule and placed on another applicable rate schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 5. Changing Rate Schedules MEDIUM COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-TOU-4 dated 2-5-20137-1-2009 Sheet No E-4-TOU-4 Customers electing to be served under E-4 TOU must remain on said 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 1/2 percent for available line voltages above 2 kilovolts will be allowed provided 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. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a discount hereunder and affected by such change. 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 of Reserved Capacity) Summer Period $0.69 $15.23 $15.92 Winter Period $0.63 $9.04 $9.67 c. Meters. A separate meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. MEDIUM COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-4-TOU-5 dated 2-5-20137-1-2009 Sheet No E-4-TOU-5 (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. (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} MEDIUM COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-4-G-1 dated 7-1-20149-10-2013 Sheet No E-4-G-1 A. APPLICABILITY: This schedule applies to Demand Metered Secondary Electric Service for Customers with a Maximum Demand below 1,000 kilowatts (kW) who receive power under the Palo Alto Green Program. This schedule applies to three-phase Electric Service and may include Service to Master-metered multi-family facilities or other facilities requiring Demand-Metered Services, as determined by the City. 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) $2.53 $5.31 $17.14 $15.23 $19.68 $20.54 Energy Charge (per kWh) 0.08218 0.06083 0.01661 0.01767 0.00351 0.00321 0.0020 0.10429 0.08371 Winter Period Demand Charge (per kW) $1.55 $4.80 $12.49 $9.04 $14.04 $13.84 Energy Charge (per kWh) 0.06037 0.05281 0.01661 0.01716 0.00351 0.00321 0.0020 0.08249 0.07518 Minimum Bill ($/day) 16.3216 MEDIUM COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-4-G-2 dated 7-1-20149-10-2013 Sheet No E-4-G-2 2. 1000 kWh Block Purchase Option: Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $2.53 $5.31 $17.14 $15.23 $19.68 $20.54 Energy Charge (per kWh) 0.08218 0.06083 0.01661 0.01767 0.00351 0.00321 0.10229 0.08371 Palo Alto Green Charge (per 1000 kWh block) $2.00 Winter Period Demand Charge (per kW) $1.55 $4.80 $12.49 $9.04 $14.04 $13.84 Energy Charge (per kWh) 0.06037 0.05281 0.01661 0.01716 0.00351 0.00321 0.08049 0.07518 Palo Alto Green Charge (per 1000 kWh block) $2.00 Minimum Bill ($/day) 16.3216 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 MEDIUM COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-4-G-3 dated 7-1-20149-10-2013 Sheet No E-4-G-3 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 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 in case the load is intermittent or subject to violent 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. Power Factor For new or existing Customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option of installing applicable Metering to calculate a Power Factor. The City may remove such Metering from the Service of a Customer whose Demand has dropped below 200 kilowatts for four consecutive months. When such Metering is installed, the monthly Electric bill will include a “Power Factor Adjustment”, if applicable. The adjustment will be applied to a Customer’s bill prior to the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent or (1/4) for each one percent (1%) that the monthly Power Factor of the Customer’s load was less than 95%. The monthly Power Factor is the average Power Factor based on the ratio of kilowatt- hours to kilovolt-ampere hours consumed during the month. Where time-of-day Metering is installed, the monthly Power Factor shall be the Power Factor coincident with the Customer's Maximum Demand. 5. Changing Rate Schedules MEDIUM COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-4-G-4 dated 7-1-20149-10-2013 Sheet No E-4-G-4 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 provides for either the purchase of enough renewable energy credits (RECs) to match 100% of the energy usage at the facility every month, or for the purchase of 1000 kilowatt-hour (kWh) blocks. 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. 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 2.5 percent for available line voltages above 2 kilovolts will be allowed provided 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. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a discount hereunder and affected by such change. 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. MEDIUM COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-4-G-5 dated 7-1-20149-10-2013 Sheet No E-4-G-5 b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.69 $15.23 $15.92 Winter Period $0.63 $9.04 $9.67 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. 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} LARGE COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-1 dated 2-5-20137-1-2009 Sheet No E-7-1 A. APPLICABILITY: This schedule applies to Demand metered secondary Service for commercial 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 anywhere 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) $6.42 $2.50 $12.55 $15.85 $18.97 $18.34 Energy Charge (kWh) 0.05662 0.08311 0.01825 0.00087 0.00321 0.00351 0.07808 0.08749 Winter Period Demand Charge (kW) $5.50 $1.53 $6.04 $14.11 $11.54 $15.65 Energy Charge (kWh) 0.04990 0.05804 0.01898 0.00087 0.00321 0.00351 0.07209 0.06242 Minimum Bill ($/day) 48.5054 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. LARGE COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-2 dated 2-5-20137-1-2009 Sheet No E-7-2 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 shall be defined as one or more utility accounts serving contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and 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 in case the load is intermittent or subject to violent 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. 5. Power Factor For new or existing Customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option to install applicable LARGE COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-3 dated 2-5-20137-1-2009 Sheet No E-7-3 metering to calculate a Power Factor. The City may remove such metering from the Service of a Customer whose Demand has been below 200 kilowatts for four consecutive months. When such metering is installed, the monthly Electric bill shall include a “Power Factor Adjustment”, if applicable. The adjustment shall be applied to a Customer’s bill prior to the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent (0.25%) for each one percent (1%) that the monthly Power Factor of the Customer’s load was less than 95%. The monthly Power Factor is the average Power Factor based on the ratio of kilowatt hours to kilovolt-ampere hours consumed during the month. Where time-of-day metering is installed, the monthly Power Factor shall be the Power Factor coincident with the Customer's Maximum Demand. 6. 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. 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 1/2 percent for available line voltages above 2 kilovolts will be allowed provided 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. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a discount hereunder and affected by such change. 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. 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- LARGE COMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-4 dated 2-5-20137-1-2009 Sheet No E-7-4 utility generation source. b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.84 $12.55 $13.39 Winter Period $0.72 $6.04 $6.76 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.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} LARGE COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-TOU-1 dated 2-5-20137-1-2009 Sheet No E-7-TOU-1 A. APPLICABILITY: This voluntary rate schedule applies to Demand metered secondary Service for commercial 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. In addition, this rate schedule is applicable for customers who did not pay Power Factor Adjustments during the last 12 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 $4.24 $1.48 $8.25 $5.33 $12.49 $6.80 Mid-Peak 2.06 0.51 4.13 5.33 6.19 5.84 Off-Peak 1.17 0.51 2.06 5.33 3.23 5.84 Energy Charge (per kWh) Peak $0.07029 $0.09267 $0.02296 $0.00087 $0.00321 $0.00351 $0.09646 $0.09705 Mid-Peak 0.05867 0.08792 0.01901 0.00087 0.00321 0.00351 0.08089 0.09230 Off-Peak 0.04870 0.07705 0.01567 0.00087 0.00321 0.00351 0.06758 0.08143 Winter Period Demand Charge (per kW) Peak $3.04 $0.78 $3.38 $7.15 $6.42 $7.92 Off-Peak 1.59 0.78 1.68 7.15 3.27 7.92 LARGE COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-TOU-2 dated 2-5-20137-1-2009 Sheet No E-7-TOU-2 Energy Charge (per kWh) Peak $0.05617 $0.06009 $0.02142 $0.00087 $0.00321 $0.00351 $0.08080 $0.06447 Off-Peak 0.04663 0.05643 0.01767 0.00087 0.00321 0.00351 0.06751 0.06081 Minimum Bill ($/day) 48.5054 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): Peak: 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) Mid Peak: 8:00 a.m. to 12:00 noon Monday through Friday (except holidays) 6:00 p.m. to 9:00 p.m. Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday All day Saturday, Sunday, and holidays WINTER PERIOD (Service from November 1 to April 30): Peak: 8:00 a.m. to 9:00 p.m. Monday through Friday (except holidays) Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday (except LARGE COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-TOU-3 dated 2-5-20137-1-2009 Sheet No E-7-TOU-3 holidays) All day Saturday, Sunday, and holidays HOLIDAYS: “Holidays” for the purposes of this rate schedule are New Years Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, and Christmas Day. The dates will be those on which the holidays are legally observed. 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 shall be defined as one or more utility accounts serving contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and 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. 5. Power Factor Adjustment Time of Use customers must not have had a Power Factor Adjustment assessed on their Service for at least 12 months. Power factor is calculated based on the ratio of kilowatt hours to kilovolt- ampere hours consumed during the month, and must not have fallen below 95% to avoid the Power Factor Adjustment. Should the City of Palo Alto Utilities Department find that the Customer’s Service should be LARGE COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-TOU-4 dated 2-5-20137-1-2009 Sheet No E-7-TOU-4 subject to Power Factor Adjustments, the Customer will be removed from the E-7-TOU rate schedule and placed on another applicable rate schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 6. Changing Rate Schedules Customers electing to be served under E-7 TOU must remain on said 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. 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 1/2 percent for available line voltages above 2 kilovolts will be allowed provided 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. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a discount hereunder and affected by such change. 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. 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 $0.84 $12.55 $13.39 LARGE COMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20162-5-2013 Supersedes Sheet No E-7-TOU-5 dated 2-5-20137-1-2009 Sheet No E-7-TOU-5 Winter Period $0.72 $6.04 $6.76 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. (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} LARGE COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-7-G-1 dated 7-1-20149-10-2013 Sheet No E-7-G-1 A. APPLICABILITY: This schedule applies to Demand Metered Service for large commercial Customers who choose Service under the Palo Alto Green Program. A Customer may qualify for this rate schedule if the Customer’s Maximum Demand is 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: 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) $2.50 $6.42 $15.85 $12.55 $18.34 $18.97 Energy Charge (per kWh) 0.08311 0.05562 0.00087 0.01825 0.00351 0.00321 0.0020 0.08949 0.07908 Winter Period Demand Charge (per kW) $1.53 $5.50 $14.11 $6.04 $15.65 $11.54 Energy Charge (per kWh) 0.05804 0.04990 0.00087 0.01898 0.00351 0.00321 0.0020 0.06442 0.07409 Minimum Bill ($/day) 48.5054 LARGE COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-7-G-2 dated 7-1-20149-10-2013 Sheet No E-7-G-2 2. 1000 kWh Block Purchase Option: Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $2.50 $6.42 $15.85 $12.55 $18.34 $18.97 Energy Charge (per kWh) 0.08311 0.05562 0.00087 0.01825 0.00351 0.00321 0.08749 0.07708 Palo Alto Green Charge (per 1000 kWh block) $2.00 Winter Period Demand Charge (per kW) $1.53 $5.50 $14.11 $6.04 $15.65 $11.54 Energy Charge (per kWh) 0.05804 0.04990 0.00087 0.01898 0.00351 0.00321 0.06242 0.07209 Palo Alto Green Charge (per 1000 kWh block) $2.00 Minimum Bill ($/day) 48.5054 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 LARGE COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-7-G-3 dated 7-1-20149-10-2013 Sheet No E-7-G-3 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 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 in case the load is intermittent or subject to violent 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 shall be defined as one or more utility Accounts serving contiguous parcels of land with no intervening public right- of-ways (e.g. streets) and have a common billing address. 5. Power Factor For new or existing Customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option of installing applicable Metering to calculate a Power Factor. The City may remove such Metering from the Service of a Customer whose Demand has dropped below 200 kilowatts for four consecutive months. When such Metering is installed, the monthly Electric bill shall include a “Power Factor Adjustment”, if applicable. The adjustment shall be applied to a Customer’s bill prior to the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent or (1/4) for each one percent (1%) that the monthly Power Factor of the Customer’s load was less than 95%. LARGE COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-7-G-4 dated 7-1-20149-10-2013 Sheet No E-7-G-4 The monthly Power Factor is the average Power Factor based on the ratio of kilowatt- hours to kilovolt-ampere hours consumed during the month. Where time-of-day Metering is installed, the monthly Power Factor shall be the Power Factor coincident with the Customer's Maximum Demand. 6. 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 7. Palo Alto Green Program Description and Participation Palo Alto Green provides for either the purchase of enough renewable energy credits (RECs) to match 100% of the energy usage at the facility every month, or for the purchase of 1000 kilowatt-hour (kWh) blocks. 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. 8. 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 1/2 percent for available line voltages above 2 kilovolts will be allowed; provided, however, 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. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a discount hereunder and affected by such change. 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 LARGE COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-7-G-5 dated 7-1-20149-10-2013 Sheet No E-7-G-5 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 $0.84 $12.55 $13.39 Winter Period $0.72 $6.04 $6.76 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. 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. LARGE COMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2014 Supersedes Sheet No E-7-G-6 dated 7-1-20149-10-2013 Sheet No E-7-G-6 {End} STREET LIGHTS UTILITY RATE SCHEDULE E-14 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-01-2009 Supersedes Sheet No. E-14-1 dated 7-01-20097-01-2008 Sheet No. E-14-1 A. APPLICABILITY: This schedule applies to all street and highway lighting installations owned by any governmental agency other than the City of Palo Alto. 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 Class A: Utility supplies energy and switching service only. kWh's Per Month Burning Schedule: All Night/Midnight All Night Midnight Lamp Rating: Mercury-Vapor Lamps 100 watts 42/20 $ 12.08 $ 8.92 175 watts 68/35 14.41 11.23 400 watts 154/71 29.66 22.87 High Pressure Sodium Vapor Lamps 120 volts 70 watts 29/15 10.59 7.43 100 watts 41/20 14.19 10.36 150 watts 60/30 18.43 15.48 240 volts 70 watts 34/17 11.85 8.92 100 watts 49/25 15.488.59 11.23 150 watts 70/35 18.43 12.72 200 watts 90/45 20.5515.87 16.31 250 watts 110/55 23.3219.50 16.51 310 watts 134/167 27.3224.13 21.60 400 watts 167/84 33.4731.07 24.78 Fluorescent Lamps 40 watts 15/8 4.46 3.60 STREET LIGHTS UTILITY RATE SCHEDULE E-14 (Continued) CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-2016 Supersedes Sheet No. E-14-2 dated 7-1-2009 Sheet No. E-14-2 Per Lamp Per Month -– Class C: Utility supplies energy and switching service and maintains entire system, including lamps and glassware. kWh's Per Month Burning Schedule: All Night/Midnight All Night Midnight Lamp Rating: Mercury-Vapor Lamps 100 watts 42/20 $ 13.56 $ 10.36 175 watts 68/35 16.31 12.91 250 watts 97/49 20.32 15.70 400 watts 154/71 30.2932.58 23.32 Incandescent Lamps 189 watts (2,500 L) 65/32 14.41 11.46 295 watts (4,000 L) 101/5 18.43 14.41 405 watts (6,000 L) 139/70 23.32 19.27 620 watts (10,000 L) 212/106 32.42 26.88 Fluorescent Lamps 25 watts 12/6 5.30 4.04 40 watts 15/8 5.49 4.46 55 watts 18/9 6.36 4.68 High Pressure Sodium Vapor Lamps 120 volts 70 watts 29/15 11.02 7.84 100 watts 41/20 14.82 10.81 150 watts 60/30 19.06 15.91 240 volts 70 watts 34/17 12.2928.61 9.33 100 watts 49/25 16.0930.79 11.85 150 watts 70/35 19.0634.43 13.35 200 watts 90/45 21.18 16.94 250 watts 110/55 23.7441.70 17.38 STREET LIGHTS UTILITY RATE SCHEDULE E-14 (Continued) CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-2016 Supersedes Sheet No. E-14-2 dated 7-1-2009 Sheet No. E-14-2 Light Emitting Diode (LED) Lamps 70 watts-equivalent 23.79 100 watts-equivalent 25.44 150 watts-equivalent 26.96 250 watts 31.12 STREET LIGHTS UTILITY RATE SCHEDULE E-14 (Continued) CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-01-2009 Supersedes Sheet No. E-14-2 dated 7-1-20097-01-2008 Sheet No. E-14-2 STREET LIGHTS UTILITY RATE SCHEDULE E-14 (Continued) CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2009 Supersedes Sheet No. E-14-4 dated 7-1-20097-1-2008 Sheet No. E-14-4 D. SPECIAL CONDITIONS: 1. Type of Service: This schedule is applicable to series circuit and multiple street lighting systems to which the Utility will deliver current at secondary voltage. Unless otherwise agreed, multiple current will be delivered at 120/240 volts, three-wire, single-phase. In certain localities the Utility may supply service from 120/208 volt star-connected poly-phase lines in place of 240-volt service. Single phase service from 480-volt sources will be available in certain areas at the option of the Utility when this type of service is practical from the Utility's engineering standpoint. All currents and voltages stated herein are nominal, reasonable variations being permitted. New lights will normally be supplied as multiple systems. 2. Point of Delivery: Delivery will be made to the customer's system at a point or at points mutually agreed upon. The Utility will furnish the service connection to one point for each group of lamps, provided the customer has arranged his system for the least practicable number of points of delivery. All underground connections will be made by the customer or at the customer's expense. 3. Switching: Switching will be performed by the Utility (on the Utility's side of points of delivery) and no charge will be made for switching 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 schedule or not; otherwise, an extra charge of $2.50 per month will be made for each circuit separately switched unless such switching installation is made for the Utility's convenience or the customer furnishes the switching facilities and, if installed on the Utility's equipment, reimburses the Utility for installing and maintaining them. 4. Annual Burning Schedule: The above rates apply to lamps which will be turned on and off once each night in accordance with a regular burning schedule agreeable to the customer but not exceeding 4,100 hours per year for all-night service and 2,050 hours per year for midnight service. 5. Maintenance: The rates under Class C include all labor necessary for replacement of glassware and for inspection and cleaning of the same. Maintenance of glassware by the Utility is limited to standard glassware such as is commonly used and manufactured in reasonably large quantities. A suitable charge will be made for maintenance of glassware of a type entailing unusual expense. Under Class C, 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; otherwise, the Utility may decline to grant Class C rates. STREET LIGHTS UTILITY RATE SCHEDULE E-14 (Continued) CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167-1-2009 Supersedes Sheet No. E-14-4 dated 7-1-20097-1-2008 Sheet No. E-14-4 Class C 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 required to maintain good appearance but do not include replacement of posts broken by traffic accidents or otherwise. 6. Multilamp Electroliers: The above charges are made on per-lamp basis. For posts supporting one or more lamps, where the lamps are less than nine feet apart, the above charges for Class C will be reduced by 6 percent (6%) computed to the nearest whole cent, for all lamps other than the first one. 7. Operating Schedules Other Than All-Night and Midnight: Rates for regular operating schedules other than all-night and midnight will be the midnight rates plus or minus one-eleventh of the difference between the midnight and the all-night rate, computed to the nearest whole cent, for each half hour per night more or less than midnight service. This adjustment will apply only to lamps on regular operating schedules which do not exceed 4,500 hours per year. 8. Street Light Lamps, Standard and Nonstandard Ratings: The rates for incandescent lamps under Class A are applicable for service to regular street lamps only and must be increased by 6 percent, computed to the nearest whole cent, for service to group-replacement street lamps. The rates under Class C are applicable to both regular and group-replacement street lamps. 9. Continuous Operation: The rate for continuous 24-hour operation under Class A service will be twice the all-night rate. 10. . System Owned In-Part by Utility : Where, at customer's request, the Utility installs, owns, and maintains any portion of the lighting fixtures, supports, and/or interconnecting circuits, an extra monthly charge of one and one-fourth percent of the Utility's estimate of additional investment shall be made. 11. Rates For Lamps Not on Schedule: In the event a customer installs a lamp which is not presently represented on this schedule, the Utility will prepare an interim rate reflecting the Utility's estimated costs associated with the specific lamp size. This interim rate will serve as the effective rate for billing purposes until the new lamp rating is added to Schedule E-14. {End} UNMETERED ELECTRIC SERVICE UTILITY RATE SCHEDULE E-16 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-201610-16-2012 Supersedes Sheet No.E-16-3 dated 10-16-20127-26-2011 Sheet No. E-16- 1 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: ............ $9.00 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) UNMETERED ELECTRIC SERVICE UTILITY RATE SCHEDULE E-16 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-201610-16-2012 Supersedes Sheet No.E-16-3 dated 10-16-20127-26-2011 Sheet No. E-16- 2 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 UNMETERED ELECTRIC SERVICE UTILITY RATE SCHEDULE E-16 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-201610-16-2012 Supersedes Sheet No.E-16-3 dated 10-16-20127-26-2011 Sheet No. E-16- 3 question and regardless of the cause of such equipment failure to operate. E. MISCELLANEOUS RATES: Service Description Rate * 1. Traffic Signal maintenance and energy costs (A) Controller $522.26 ea (B) 8" Lamp (LED) $1.85 ea (C) 12" & PVH Lamp (LED) $2.16 ea (D) Pedestrian Head (LED) $5.58 ea (E) Vehicle, System and Bike Sensor Loop $43.22 ea 21. License Fee for Electric Conduit Usage (A) Exclusive use $1.94/ft/yr (B) Non-Exclusive use $0.97/ft/yr 32. Processing Fee for Electric Conduit Usage Actual Cost 43. License Fee for Utility Pole Attachments (A) 1 ft. of usable space $29.59/pole/yr (B) 2 ft. of usable space $32.39/pole/yr (C) 3 ft. of usable space $35.18/pole/yr (D) 4 ft. of usable space $37.98/pole/yr 54. Processing Fee for Utility Pole Attachments $55.00/pole 65. License Fee for mounting communication equipment including distributed antenna systems on utility poles $270.00/pole/yr * Rates are monthly unless otherwise indicated. F. NOTES: The fees set forth in Section E.1 through E.65, inclusive, are subject to adjustment annually in accordance with fluctuations in the Consumer Price Index (CPI), if any. The base for computing UNMETERED ELECTRIC SERVICE UTILITY RATE SCHEDULE E-16 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-201610-16-2012 Supersedes Sheet No.E-16-3 dated 10-16-20127-26-2011 Sheet No. E-16- 4 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} EXCERPTED DRAFT MINUTES OF THE APRIL 12, 2016 UTILITIES ADVISORY COMMISSION SPECIAL MEETING ITEM 1: ACTION: Staff Recommendation that the Utilities Advisory Commission Recommend that the City Council Adopt 1) a Resolution Approving the Fiscal Year 2017 Electric Financial Plan and Amending the Electric Utility Reserves Management Practices, and 2) a Resolution Increasing Electric Rates by Amending the E-1, E-2, E-2-G, E-4, E-4-G, E-4-TOU, E-7, E-7-G, E-7- TOU, E-14, and E-16 Rate Schedules, and Repealing Rate Schedules E-18 and E-18-G Senior Resource Planner Jonathan Abendschein summarized the written report. He explained that distribution and power supply costs are increasing requiring an 11% rate increase this July followed by a 10% rate increase next year. He said that this is the first rate change since July 2009 and the first electric rate change since the passage of Proposition 26. A cost of service analysis (COSA) was completed to support the rates and ensure that they are compliant with Proposition 26. Abendschein reminded that the UAC reviewed, and the Council adopted, electric rate design guidelines and that the COSA is to be completed in two phases. The first phase of the COSA is complete and provided tonight with the second phase starting in late 2016 to examine rate options that need further study and may need advanced metering technologies such as time-of-use rates. Abendschein said that the projected cost and revenue profile, which reveals that in FY 2015 and FY 2016, revenues did not cover costs and that costs are increasing due to new renewable projects coming on line, increases in capital costs and some increases in operations and maintenance cost related to deferred maintenance and the difficulty filling vacant positions in the Operations Division. Abendschein said that the drought caused short-term cost increases that were funded from reserves. Consistent with the purpose of the reserves, the Rate Stabilization and Hydro Stabilization Reserves were drawn down in FY 2015 and FY 2016 and are expected to be exhausted by the end of FY 2017. Although staff would have liked to keep the rate increase under 10%, the level of reserves requires a larger increase this year and, even with two years of significant rate increases in FY 2017 and FY 2018, the Supply Operations Reserve falls $3.9 million below the minimum guideline level. Abendschein said that this is allowed as long as the Council approves and the financial plan shows the reserve climbing above the minimum level during the planning period. He added that there is uncertainty in the hydroelectric generation forecast and the spring rains may increase the generation above what is in the forecast. Abendschein said that the risk of any negative impact to the bond rating by falling below the minimum guideline level is very small due to the presence of the significant balance in the Electric Special Projects Reserve, which provides a substantial cushion for the financial health of the Electric Fund. ATTACHMENT F Commissioner Danaher asked what rate increase would be required to keep the Supply Operations Reserve above the minimum guideline level. Abendschein said that a 14% rate increase would be required in July 2016 to ensure that the reserve remain above the minimum level. Abendschein said that the projected 11% and 10% rate increases do a good job matching revenues to costs over the next several years. If too large of a rate increase is implemented too early to refill reserves, there could be a need to reduce rates in the future, which is difficult to explain. Abendschein said the Electric Distribution Operations Reserve also goes to minimum guideline level in FY 2016, but is projected to be above the minimum level for the planning horizon (through FY 2023). Abendschein explained that a cost of service analysis (COSA) includes three steps: calculation of the revenue requirement, determination of how much revenue to collect from each customer class, and design of rates to collect the revenues. The COSA involves examining the consumption patterns of each customer group. The result of the new COSA is that there is a different alignment of costs by customer class since the last Electric COSA was performed. This is caused by changing consumption patterns for each customer group. Chair Foster asked if the increased costs for the streetlighting and traffic lights would be paid by the City’s General Fund. Abendschein confirmed this understanding. Chair Foster said that the cost for streetlighting doesn’t seem like a cost of service in the same sense it does for other customer classes. He said that the rate impact for the residents and businesses is softened by hitting the General Fund with these increased costs. Assistant Director said that this is not the reason the cost allocation realignment is being done, but agreed that this is the effect of the change. Commissioner Danaher said that the goal of the COSA is to have a transparent way to see the costs for each customer group and that this is an appropriate way to show the costs of services such as streetlighting. Chair Foster said that he is not surprised by the cost, but is worried that this new expense for the General Fund will result in other priorities not being able to be funded since the General Fund has limited sources of funds. Commissioner Danaher asked if the increase cost was driven by the change of streetlights to more efficient LED lamps. Abendschein said that the revenue requirement was developed by determining all the costs—capital and operating—that are needed for the streetlighting and traffic signal service. Abendschein said that Utilities has coordinated very closely with the City’s Office of Management and Budget on this proposal. Chair Foster asked about the large increase in the Municipal Rates (Rate Schedule E-18) and which customers they would impact. Abendschein said that these customers are the City facilities and that when the E-18 rate is repealed, the facilities will be assigned to an applicable rate schedule. He said that this utility—the Electric Fund—is the last utility with these special rate schedules for City facilities. Utilities has coordinated with the Office of Management and Budget on these changed proposal. Chair Foster asked if the Palo Alto Unified School District is part of the customer group. Abendschein responded that it is only City facilities such as City Hall and the Regional Water Quality Control Plant (RWQCP), but does not include the school district. Abendschein said that the bill impact for each facility depends on the new rate schedule that they would be assigned to and that some facilities could experience rate increases of 35% or more, but some, such as the RWQCP, will not as that facility will move to the E-7 rate schedule which has similar rates to the current E-18 rates. The smaller City facilities that are moved to the E-2 or E-4 rate schedules will have larger increases. Abendschein explained that the recommended rate design for residential customers (on Rate Schedule E-1) is for two tiers, instead of the current three tiers, since the two-tier rate design most closely matches the cost of service. He added that the proposal includes the addition of a minimum charge for all customers. Abendschein said that the residential rate design proposal is to be consistent with the cost of service down to the rate level as required by Proposition 26. He said that the non-residential rates continue with the same rate design as in current rates. Commissioner Schwartz recommended reviewing Bluebonnet Electric Cooperative’s website, which has a good explanation of the components of their electric rates. Abendschein showed the bill impact of the rate changes for residential (E-1) customers as a result of collapsing the three tiers to two tiers. The largest users have a lesser increase in percentage terms. Commissioner Ballantine asked if next year’s anticipated rate increase of 10% will have a disproportionate impact on residential customers again. Abendschein said that this year’s changes rebalance the cost of service relationship between the customer classes and the changes next year should be more proportionate and not impact one customer group much differently than any other. Commissioner Ballantine asked about whether staff evaluated the impact of two-tier vs. three- tier rates when trying to match the rate structure to the cost of service with respect to the impact on electric vehicle (EV) charging. Abendschein said that there was not sufficient time to conduct detailed analysis on the impact on EV charging, but that this will be reviewed in more detail in Phase 2 of the COSA. Commissioner Ballantine said that with higher EV penetration, the third tier might need to come back or there is some type of fixed cost when peak daytime load needs to be expanded to accommodate EV charging. He said that the carrying capacity of the grid may change as it relates to peak demand, but not necessarily energy. Abendschein said that the City has a fair amount of excess distribution capacity currently and, even with Palo Alto’s high penetration of EVs, the impact is still not significant enough to cause cost increases to the distribution system at this time and there will be sufficient time to adjust to a dramatic increase in EV penetration, if it actually occurs. Abendschein added that the bulk of the residential EV charging occurs during the middle of the night and not at the distribution system’s peak times. Commissioner Danaher noted that the draft Sustainability and Climate Action Plan encourages EVs and asked whether EV owners would be pushed into the highest price tier. Abendschein noted that the rate proposal eliminates the highest priced third tier so the impact on EVs is reduced from current rates. Vice Chair Cook said that the community doesn’t like rate increases. However, we have been blessed with rates that have not changed in 8 years and the rate comparisons show that the rate increase still results in relatively low rates compared to neighboring utilities. Vice Chair Cook asked if the rate proposal would result in any discouragement of EVs or of electrification to reduce GHG emissions. Abendschein said that there are many drivers for electrification and cost is not necessarily all of it. The rate increase will tend to discourage electrification, but the elimination of the third tier will encourage electrification. Abendschein noted that gas rates are projected to increase as well. Commissioner Ballantine stated that in a recent presentation to the UAC, staff showed that the economics of solar thermal systems (hot water heating) are challenging. He said that these rate changes will improve the cost-effectiveness of solar PV, which could push people to use solar for electricity rather than for its thermal heat. However, this is a less efficient way to use energy from the sun so this change will push towards thermal use. He said that using heat from the sun to make heat makes more sense from a physics perspective. Vice Chair Cook asked whether smart meters will change the cost of service since customers may adjust their usage based on better information provided to them. Abendschein said that it was too early to conclude anything since the CustomerConnect program is still underway and that Phase 2 of the study will show more results as to changing customer behavior that may change the factors that contribute to the allocation of costs in the cost of service study. Vice Chair Cook said that the community has enjoyed stable rates for a long time, but will need to accept the rate increase at this point. He commented that Proposition 26 has taken away the ability to design rates to some extent, which can be very frustrating. Abendschein reminded that this is why the rate design guidelines are taken to the UAC for recommendation and the Council for approval in advance of conducting a new COSA. Chair Foster asked if the projected 11% in FY 2017, then a 10% rate for FY 2018 followed by a 2% increase in FY 2019 could be spread out more evenly over the those years—for example, 8% per year in FY 2017 and FY 2018 following by a higher than 2% increase in FY 2019. Abendschein explained that the reserve would fall far below the minimum in that case. Alternately, the City would have to cut back on capital improvements or maintenance to reduce cost. Abendschein referred the Commission to the rapidly escalating costs in FY 2016 and FY 2017 shown in Figure 7 on page 20 of the FY 2017 Electric Financial Plan. He said that rates must follow those costs. Chair Foster asked how much lower the reserves would go with an 8%, rather than an 11% rate increase in July. Abendschein said that the reserve would almost be exhausted in that case. He noted that reducing the increase in FY 2017 and FY 2018 would require a larger increase in FY 2019 and FY 2020 to the extent that rates would then be too high to not only recover costs, but to refill reserves such that a rate decrease could be needed in the future, which would be difficult to explain to customers. Chair Foster would prefer not to hit the General Fund with the cost of streetlights and traffic lights as he thinks that the General Fund will have to reduce programs and funds elsewhere to pay the increased cost. He would also like to continue with three tiers for the E-1 rate schedule to promote conservation. Senior Deputy City Attorney Jessica Mullan said that the streetlights rates must be based on the cost of providing the services and any alteration to the proposal must be cost-justified. Chair Foster said that all residents and businesses benefit from streetlights including businesses and residents. Chair Foster asked how long the streetlight service has been provided by Utilities as a “freebie”. Assistant Director Jane Ratchye said that this is the first time that the Electric Fund will be subject to Proposition 26 since the City hasn’t changed rates since it was effective in 2010. Mullan added that now that the City is adjusting its electric rates, it is under Proposition 26 and all electric rates must be cost-justified, which is why the COSA was so careful to make sure that all rates are based on the cost of service. Commissioner Ballantine agreed that it’s not only City employees that benefit from streetlights, but the greater city and community—all ratepayers—that benefit. Vice Chair Cook added that there are many things that are a common good and asked why ratepayers would pay for that common good and not roads or other services. Commissioner Ballantine said that the City doesn’t supply electricity to the roads. Chair Foster said that the City has no ability to raise taxes for this service. Commissioner Schwartz said that it is more transparent to show the true cost of providing this service and that if the rates for streetlights were not increased to cover the cost of providing the service, the rest of the electric rates would have to increase even more. Chair Foster said that of the $12 million revenue increase for this rate increase, $2 million is for the increased cost of streetlights. Chair Foster asked how the City would be able to cover these increased costs. Mullan said that she couldn’t speak to the budget process the Council will go through to balance the budget, but she wanted to clarify that streetlights are an electric service and that service must be provided at cost-based rates. Chair Foster said that she would recommend that the City develop a creative way to fund this cost rather than put it on the General Fund. Commissioner Ballantine said that the changes to the municipal rates (repealing the E-18 rate schedule) will also add significant costs to the General Fund. Chair Foster agreed that the hit to the General Fund is not just the $2 million for the streetlights, but an additional increase for electric service for municipal facilities. Abendschein said that the total impact to the General Fund is about $2.5 million since the E-18 rate affects some customers who are not the General Fund (such as the RWQCP). Vice Chair Cook said that he heard earlier that Utilities staff worked with the City to coordinate this change. He asked if the General Fund expressed any concerns. Abendschein said that concerns were expressed, but that staff incorporated the change and included these increased costs when it prepared the City’s financial forecast last fall. Commissioner Schwartz asked if there are public hearings to educate the community about the rate changes and asked if there should be additional communication efforts given the large increases. Ratchye added that the Utilities Communication Manager has developed a comprehensive communication plan for the rate increase. Commissioner Schwartz asked if the UAC can provide suggestions to improve communications. Chair Foster asked for Commission comment on two versus three tiers for the E-1 Rate Schedule. Commissioner Schwartz noted that the investor-owned utilities (IOUs) have gone from five tiers to four and then three and will soon go to two tiers, then to time-of-use (TOU) rates with no tiers. Abendschein said that it’s nice to be consistent with other utilities, but the proposal was developed because it is the most consistent with the cost of service. Commissioner Schwartz commented that a two-tier rate structure is better for EV owners. Abendschein said that the rates also provide more of an equitable incentive for all customers to install PV, instead of only high energy users who are in the highest (most expensive) tier. It also improves the incentive for all customers to increase efficiency. Commissioner Ballantine noted that the rate impact percentage-wise is the lowest for the highest users. He said that the first tier increases by 16%, tier two increases by 30%, but the third tier falls by 3%. Although the model developed these rates, no rate structure can actually exactly reflect the cost of service. Abendschein said that the model is used to allocate actual costs and those decisions have to be explainable and fully justifiable—the method does not involve averaging, or a statistical scenario—and industry standard methodologies were used to allocate the costs and develop the rates. Commissioner Ballantine asked if there is any way to re-create a third tier since the percentage difference is so low. Commissioner Schwartz asked if a larger increase on high energy users—so that their increase would be comparable to lower energy users—could potentially fund the streetlights. She said that he higher energy users may be less price sensitive. Abendschein said that the only way to do that is to find a cost of service nexus with streetlights and noted that we are constrained by the imperative to develop rates based on the cost of service. He said that when judgement was used, staff used the judgement to align as close as possible to the policy guidelines established by Council, but there are many constraints now that there weren’t in the past. Abendschein said that the need to have cost of service based rates requires that many of the policy decisions that were made in the past need to be undone. Commissioner Ballantine asked if residential rates could be seasonal like the non-residential rates. Abendschein said that the rates effectively do that since the residential class is a winter- peaking group and the tier one cutoff reflects the summer usage so that the tier two usage is for winter usage. Commissioner Ballantine said that EV use is not seasonal. Abendschein said that if seasonal rates were developed for residents, the rates would be higher in the winter than in the summer. Chair Foster asked if there were any recommendations before a motion is made. Commissioner Ballantine said that perhaps a work group could examine the consultant’s work to see if there is any strategy to use to change the proposal. Chair Foster said that there is a certain frustration when presented with rates and COSAs since there seems to be very little that can be done. Chair Foster said that the dropping of the three tiers could be justified. Abendschein said that the COSA does not justify three tiers. Chair Foster said that there seems to be little room to not increase the streetlight costs to the General Fund. Interim Director Ed Shikada mentioned that the General Fund has anticipated that it needed to fund streetlights and stated that the transition is recommended by the City Manager. Chair Foster responded that the hit to the General Fund includes not just for streetlights, but also for the change to Municipal Rates, and asked if there was any source of funds that the General Fund can use to pay these increased costs. Shikada said that one source of funds could be the gasoline tax, which could potentially be used for streetlights, but revenues from that source are diminishing. He also mentioned that a new transportation tax is being discussed that could be used for keeping streets in good repair. Shikada concluded that the General Fund is aware of these changes and supports the recommendation that the Electric Fund no longer funds these services. ACTION: Vice Chair Cook moved to recommend that the UAC recommend Council approve staff’s proposal and Commissioner Schwartz seconded the motion. The motion carried unanimously (5-0) with Chair Foster, Vice Chair Cook, Commissioners Ballantine, Danaher, and Schwartz voting yes and Commissioners Eglash and Hall absent. City of Palo Alto (ID # 6858) Finance Committee Staff Report Report Type: Action Items Meeting Date: 5/17/2016 City of Palo Alto Page 1 Summary Title: FY 2017 Gas Financial Plan and Rate Proposals Title: Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt: (1) Resolution Approving the Fiscal Year 2017 Gas Utility Financial Plan; and (2) Resolution Increasing Gas Rates by Amending Rate Schedules G-1 (Residential Gas Service), G-1-G (Residential Green Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), G-2-G (Residential Master-Metered and Commercial Green Gas Service), G-3 (Large Commercial Gas Service), G-3-G (Large Commercial Green Gas Service), G-10 (Compressed Natural Gas Service) and G-10-G (Compressed Natural Green Gas Service) From: City Manager Lead Department: Utilities Recommendation Staff and the Utilities Advisory Commission (UAC) request that the Finance Committee recommend that the Council: 1. Adopt a resolution (Attachment A) approving the fiscal year (FY) 2017 Gas Utility Financial Plan (Attachment B); and 2. Adopt a resolution (Attachment C) increasing gas rates by amending Rate Schedules G-1 (Residential Gas Service), G-1-G (Residential Green Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), G-2-G (Residential Master-Metered and Commercial Green Gas Service), G-3 (Large Commercial Gas Service), G-3-G (Large Commercial Green Gas Service), G-10 (Compressed Natural Gas Service Service) and G- 10-G (Compressed Natural Green Gas Service) Executive Summary The FY 2017 Gas Utility Financial Plan includes projections of the utility’s costs and revenues for FY 2017 through FY 2026. Costs have risen over the past several years and revenues have not kept pace. Gas rates have not been adjusted since July 2012. A rate increase of 24% is required to increase revenues to cover projected FY 2017 costs, but staff proposes utilization of reserves and a series of rate increases over the next three years to minimize the impact to customers. City of Palo Alto Page 2 The proposed FY 2017 Gas Utility Financial Plan includes an 8% gas rate increase on July 1, 2016 followed by rate increases of 9% and 7% in FY 2018 and FY 2019, respectively, so that revenues cover costs by FY 2019. In addition, the plan includes proposed transfers to the Operations Reserve of $1.5 million and $5.3 million from the Rate Stabilization Reserve in FY 2016 and FY 2017, respectively, to ensure that there are appropriate financial reserves for contingencies. These actions will reduce the Rate Stabilization Reserve to zero by the end of FY 2017. Gas Utility expenses are projected to increase by roughly 4.4% annually from FY 2016 to FY 2026 due primarily to higher operations and maintenance expenses and increasing gas supply costs. In the short term, some of these costs are related to the cross-bore inspection program, as well as cap-and-trade allowance purchase costs. In addition, capital improvement program (CIP) costs have increased as the economy has improved. Gas supply costs are currently very low and can vary significantly, but are projected to rise steadily over the forecast horizon; however, those costs are passed on to customers with the monthly-varying, market-based commodity rate. Besides costs increases, the gas rate increase projections are also negatively affected by the downward trend in gas usage over the last several years. The UAC reviewed the Gas Financial Plan and Rate Proposals at its meeting on April 12, 2016, and unanimously recommended approval of the proposed gas rates and financial plan. Background Every year staff presents the UAC with Financial Plans for its Electric, Water, Gas, and Wastewater Collection Utilities and recommends any rate adjustments required to maintain their financial health. These Financial Plans include a comprehensive overview of the utility’s operations, both retrospective and prospective, and are intended to be a reference for UAC and Council members as they review the budget and staff’s rate recommendations. Each Financial Plan also contains a set of Reserves Management Practices describing the reserves for each utility and the management practices for those reserves. The Finance Committee reviewed preliminary financial forecasts and rate projections for all Utilities funds at its March 1, 2016 meeting. Staff has made revisions to some of those preliminary projections. City of Palo Alto Page 3 Discussion Staff’s annual assessment of the financial position of the City’s gas utility is completed to ensure 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 adequately to recover these costs. The current rate proposals are also based on the cost of service methodology described in the 2012 Gas Utility Cost of Service Study completed by Utility Financial Solutions. Proposed Actions for FY 2016 This year’s Gas Utility Financial Plan includes the following proposed action for FY 2016: 1. Reduce the $3.4 million transfer from the Rate Stabilization Reserve to the Operations Reserve proposed in the FY 2016 Gas Financial Plan to $1.5 million. Proposed Actions for FY 2017 This year’s Gas Utility Financial Plan also includes the following proposed actions for FY 2017: 1. Transfer $5.3 million from the Rate Stabilization Reserve to the Operations Reserve; and 2. Amend gas rate schedules (see Attachment D) to increase rates by approximately 8%. The reserve transfers will enable staff to maintain sufficient funds in the Gas Operations Reserve levels while spreading the required rate increases for the gas utility over several years. These proposed actions are described in more detail in the FY 2017 Gas Financial Plan (Attachment B). Staff proposes to adjust gas rates as shown in Table 1 and Table 2, below, effective July 1, 2016. These changes are projected to increase the system average gas rate by roughly 8%. These rate changes are included in the proposed amended rate schedules in Attachment D. City of Palo Alto Page 4 Table 1: Gas Consumption Charges in $/CCF (Current and Proposed) Current (7/1/12) Proposed (7/1/16) Change $/Therm % G-1 (Residential) Tier 1 Rates 0.4392 0.5021 0.0629 14.3% Tier 2 Rates 0.9546 1.0407 0.0861 9.0% G-2 (Residential Master-Metered and Small Commercial) Uniform Rate 0.6147 0.6855 0.0708 11.5% G-3 (Large Commercial) Uniform Rate 0.6071 0.6775 0.0704 11.5% G-10 (Compressed Natural Gas) Uniform Rate 0.0509 0.0963 0.0454 89.2% Table 2: Current and Proposed Monthly Service Charge Rate Schedule Monthly Service Charge ($/month) Change Current (7/1/12) Proposed (7/1/16) $/mo % G-1 (Residential) $9.88 $10.32 $0.44 4.5% G-2 (Res. Master-Metered and Small Commercial) $74.86 $78.23 $3.37 4.5% G-3 (Large Commercial) $361.18 $377.43 $16.25 4.5% G-10 (CNG) $50.65 $52.93 $2.28 4.5% Bill Impact of Proposed Rate Changes Table 3 shows the impact of the proposed July 1, 2016 rate changes on the median residential bill. The average increase is roughly 8% based on commodity prices as of March 2016, but some customers may see slightly higher or lower increases due to slight changes in the composition of the utility’s costs, as well as prevailing market prices. City of Palo Alto Page 5 Table 3: Impact of Proposed Gas Rate Changes on Residential Bills Usage (Therms/month) Bill under Current Rates Bill under Proposed Rates Change $/mo. % Winter (Using March 2016 commodity prices) 30 $ 29.67 $ 32.00 $ 2.33 8% 54 (median) 45.50 49.34 3.84 8% 80 72.96 78.89 5.94 8% 150 155.21 167.17 11.96 8% Summer (Using July 2015 commodity prices) 10 $ 17.70 $ 18.77 $ 1.07 6% 18 (median) 23.95 25.52 1.57 7% 30 38.49 41.05 2.56 7% 45 57.95 61.80 3.85 7% Table 4 shows the impact of the proposed July 1, 2016 rate changes on various representative commercial customer bills. Table 4: Impact of Proposed Gas Rate Changes on Commercial Bills (Using March 2016 commodity prices) Usage (Therms/month) Bill under Current Rates Bill under Proposed Rates Change % G-2 (Residential Master-Metered and Small Commercial) 500 $492 $531 8% 5,000 4,250 4,608 8% 10,000 8,426 9,137 8% G-3 (Large Commercial) 25,000 $21,049 $22,825 8% 50,000 41,736 45,272 8% FY 2017 Financial Plan’s Projected Rate Adjustments for the Next Five Fiscal Years Table 5 shows the projected rate adjustments over the next five years and their impact on the annual median residential gas bill. Table 5: Projected Rate Adjustments, FY 2017 to FY 2021 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Gas Utility 8% 9% 7% 4% 1% Estimated Bill Impact ($/mo)* $2.52 $3.19 $2.70 $1.65 $0.43 * estimated impact on median residential gas bill, which is currently $32.93. City of Palo Alto Page 6 Changes from Prior Financial Forecasts After presenting the preliminary financial forecast to the UAC on February 3, 2016, continuing warmer winter weather has caused staff to lower its projections for FY 2016 sales and revenues, and thus increase its FY 2017 rate projection from 7% to 8% as shown in Table 6 below. Staff has projected future gas rate increases for several years. Table 6 compares current rate projections to those projected in the last two year’s Financial Plans. As shown, the FY 2017 rate projections are somewhat higher than projected last year. In the FY 2015 Financial Plan, the reduction in gas usage due to warm weather and drought had not occurred and the additional costs for cross-bore investigations beyond FY 2017 had not been planned. Table 6: Projected Gas Rate Trajectory for FY 2017 to FY 2026 Projection FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Preliminary Financial Forecast (presented to the UAC in Feb. 2016) 7% 5% 5% 5% 3% N/A N/A N/A N/A N/A Current (FY 2017 Financial Plan) 8% 9% 7% 4% 1% 1% 1% 1% 1% 1% Last year (FY 2016 Financial Plan) 7% 4% 4% 4% 3% 3% N/A N/A N/A N/A Two years ago (FY 2015 Financial Plan) 0% 3% 3% 4% 3% N/A N/A N/A N/A N/A Gas Bill Comparison with Surrounding Cities Table 7 presents winter and summer residential bills for Palo Alto and PG&E at several usage levels for commodity rates in effect as of July 2015 (to illustrate a summer month bill) and February 2016 (to illustrate a winter month bill). The annual gas bill for the median residential customer for calendar year 2015 was $420.86, about 15% lower than the annual bill for a PG&E customer with the same consumption. PG&E’s distribution rates for gas have increased substantially to collect for needed system improvements for pipeline safety and maintenance. The bill calculations for PG&E customers are based on PG&E Climate Zone X, an area which includes the surrounding communities City of Palo Alto Page 7 Table 7: Residential Monthly Gas Bill Comparison Season Usage (therms) Palo Alto PG&E Zone X % Difference Winter (February 2016) 30 31.25 40.23 -22% (Median) 54 48.34 72.42 -33% 80 77.16 117.37 -34% 150 163.10 245.51 -34% Summer (Jul 2015) 10 17.75 12.47 42% (Median) 18 24.04 22.60 6% 30 38.64 43.44 -11% 45 58.18 69.50 -16% Monthly gas bills for commercial customers for various usage levels for rates in effect as of March 1, 2016 are shown in Table 8. Bills for CPAU customers at the usage levels shown are around 9% lower for smaller commercial customers and 4 to 17% higher for larger commercial customers than for PG&E customers. This is a substantial improvement over the calendar year 2013 bill comparison, when commercial gas bills for CPAU customers were 27-44% higher than for PG&E customers. This is primarily attributable to PG&E’s increased distribution rates as the commodity rates for CPAU and PG&E are very similar, both being based on spot market gas prices. Table 8: Commercial Monthly Average Gas Bill Comparison (for Rates in Effect Mar. 1, 2016) Usage (therms/mo) Gas Bill ($/month) % Difference Palo Alto PG&E 500 518 572 -9% 5,000 4,510 4,953 -9% 10,000 9,231 8,859 4% 50,000 44,711 38,104 17% Commission Review and Recommendation The UAC reviewed this proposal at its April 12, 2016 meeting. Staff noted that the rate projection had changed since the UAC reviewed the preliminary financial forecast at its February 3, 2016 meeting as a result of updated sales data. Staff also noted that gas usage has been declining, and if it continued to do so then the rate increases in following years would need to be higher than projected in the FY 2017 Gas Financial Plan for the future years after FY 2017. The UAC voted to recommend that the Council adopt resolutions approving the FY 2017 Gas Financial Plan and increasing gas rates by amending Rate Schedules G-1, G-1-G, G-2, G-2-G, G-3, G-3-G, G-10 and G-10-G. The vote was unanimous (5-0) with Chair Foster, Vice Chair Cook, City of Palo Alto Page 8 Commissioners Ballantine, Danaher, and Schwartz voting yes and Commissioners Hall and Eglash absent. The draft excerpted minutes from the UAC’s April 12, 2016 meeting are provided as Attachment E. Timeline The City Council will consider adopting the Financial Plan and amending the rate schedules as part of the FY 2017 budget review and adoption process. Resource Impact Normal year sales revenues for the Gas Utility are projected to increase by roughly 8% ($2.2 million) as a result of the proposed rate increases, not including fluctuations in commodity revenue/cost. See the attached FY 2017 Gas Financial Plan for a more comprehensive overview of projected cost and revenue changes for the next ten years. Policy Implications The proposed gas rate adjustments are consistent with Council-adopted Reserve Management Practices that are part of the Financial Plan, and were developed using a cost of service study and methodology consistent with industry accepted cost of service principles. Environmental Review The Finance Committee’s review and recommendation to Council regarding the FY 2017 Gas Financial Plan and rate adjustments does not meet the California Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. Attachments:  Attachment A: Resolution Approving the FY 2017 Gas Utility Financial Plan (PDF)  Attachment B: Proposed FY 2017 Gas Utility Financial Plan (PDF)  Attachment C: Resolution of the Council of the City of Palo Alto Adopting a Gas Rate Increase and Amending Rate Schedules G-1, G-1-G-, G-2, G-2-G, G-3, G-3-G, G-10 and G- 10-G (PDF)  Attachment D: Proposed Amendments to Rate Schedules G-1, G-1-G, G-2, G-2-G, G-3, G- 3-G, G-10 and G-10-G (PDF)  Attachment E: Excerpted Draft UAC Minutes of April 12, 2016 (PDF) Attachment A * NOT YET APPROVED * 6053681 Resolution No. _________ Resolution of the Council of the City of Palo Alto Approving the FY 2017 Gas Utility Financial Plan 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 Plans to summarize these projections. B. The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserves Management Practices attached to and made part of the Financial Plans. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby adopts the FY 2017 Gas Utility Financial Plan. SECTION 2. The Council hereby approves the transfer of $1.5 million in FY 2016 from the Rate Stabilization Reserve to the Operations Reserve, as described in the FY 2017 Gas Utility Financial Plan approved via this resolution. SECTION 3. The Council finds that the adoption of this resolution does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065, and therefore, no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ Attachment A * NOT YET APPROVED * 6053681 City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services     FY 2017 GAS   UTILITY  FINANCIAL PLAN  FY 2017 TO FY 2026       GAS UTILITY FINANCIAL PLAN  April 12, 2016  2 | Page    GAS UTILITY FINANCIAL PLAN  FY 2017 TO FY 2026    TABLE OF CONTENTS  Section 1: Definitions and Abbreviations ................................................................................. 4  Section 2: Executive Summary and Recommendations ............................................................ 5  Section 2A: Overview of Financial Position .................................................................................. 5  Section 2B: Summary of Proposed Actions .................................................................................. 6  Section 3: Detail of FY 2017 Rate and Reserve Proposals ......................................................... 6  Section 3A: Rate Design ............................................................................................................... 6  Section 3B: Current and Proposed Rates ..................................................................................... 6  Section 3C: Bill impact of Proposed Rate Changes ...................................................................... 8  Section 3D: Proposed Reserve Transfers ..................................................................................... 8  Section 4: Utility Overview ...................................................................................................... 9  Section 4A: Gas Utility History ..................................................................................................... 9  Section 4B: Customer Base ........................................................................................................ 10  Section 4C: Distribution System ................................................................................................. 11  Section 4D: Cost Structure and Revenue Sources ...................................................................... 12  Section 4E: Reserves Structure ................................................................................................... 12  Section 4F: Competitiveness ...................................................................................................... 13  Section 4G: Gas Supply Rates .................................................................................................... 14  Section 5: Utility Financial Projections ................................................................................... 15  Section 5A: Load Forecast .......................................................................................................... 15  Section 5A: FY 2011 to FY 2015 Cost and Revenue Trends ........................................................ 16  Section 5B: FY 2015 Results ....................................................................................................... 17  Section 5C: FY 2016 Projections ................................................................................................. 18  Section 5D: FY 2017‐FY 2026 Projections .................................................................................. 18  Section 5E: Risk Assessment and Reserves Adequacy ............................................................... 19  GAS UTILITY FINANCIAL PLAN  April 12, 2016  3 | Page    Section 5F: Alternate Scenarios ................................................................................................. 21  Section 5G: Long‐Term Outlook ................................................................................................. 22  Section 6: Details and Assumptions ....................................................................................... 24  Section 6A: Gas Purchase Costs ................................................................................................. 24  Section 6B: Operations .............................................................................................................. 25  Section 6C: Capital Improvement Program (CIP) ....................................................................... 26  Section 6D: Debt Service ............................................................................................................ 28  Section 6E: Equity Transfer ........................................................................................................ 29  Section 6F: Revenues ................................................................................................................. 29  Section 6G: Communications Plan ............................................................................................. 30  Appendices ............................................................................................................................ 32  Appendix A: Gas Financial Forecast Detail ................................................................................ 33  Appendix B: Gas Utility Capital Improvement Program (CIP) Detail ......................................... 34  Appendix C: Gas Utility Reserves Management Practices ......................................................... 36  Appendix D: Description of Gas Utility Cost Categories ............................................................ 40  Appendix E: Gas Utility Communications Samples .................................................................... 41         GAS UTILITY FINANCIAL PLAN  April 12, 2016  4 | Page    SECTION 1: DEFINITIONS AND ABBREVIATIONS  ABS: Acrylonitirile butydene styrene, a plastic gas main material  CARB: California Air Resources Board  CIP: Capital Improvement Program  CNG: Compressed Natural Gas   CPAU: City of Palo Alto Utilities Department  CPUC: California Public Utilities Commission  Cross‐bore: A cross‐bore exists when one utility line has been drilled or “bored” through a  portion of another line. Gas cross‐bores can occur in sewer lines as a result of “horizontal  boring” construction practices.   Distribution: transportation of gas to customers.  GMR Program: Gas Main Replacement Program  Local Transportation: transportation of gas to Palo Alto across PG&E’s distribution system from  PG&E City Gate.  Malin: a delivery hub referred to in gas purchase contracts and located in Malin, Oregon, where  the northern end of PG&E’s Redwood Transmission Pipeline is located.  MMBtu: Millions of British thermal units, a unit of gas measurement equal to ten therms.  Commonly used for high volume gas measurement. Wholesale purchases of gas from suppliers  are typically measured in MMBtu.  O&M: Operations and Maintenance  PE or HDPE: Polyethylene, a gas main material (more specifically, High‐Density Polyethylene)  PG&E: Pacific Gas and Electric  PG&E Citygate, or Citygate: a delivery hub referred to in gas purchase contracts. Any gas  delivered to PG&E’s distribution system (such as gas delivered at the southern end of PG&E’s  Redwood Transmission Pipeline) is said to have been delivered at PG&E Citygate.  PVC: Polyvinyl chloride, a plastic gas main material  Summer: April 1 to October 31  Therms: The standard unit of measurement for natural gas sales to customers, equal to 100,000  British thermal units. Therms measure the heating value of the gas, rather than its volume.   Transmission: transportation of gas between major gas delivery hubs via a gas transmission  pipeline, such as PG&E’s Redwood pipeline.   UAC: Utilities Advisory Commission, an appointed body that advises the City Council on CPAU  issues.   Winter: November 1 to March 31     GAS UTILITY FINANCIAL PLAN  April 12, 2016  5 | Page    SECTION 2: EXECUTIVE SUMMARY AND RECOMMENDATIONS  This document presents a Financial Plan for the City’s Gas Utility for the next ten years. This  Financial Plan provides revenues to cover the costs of operating the utility safely over that time  while adequately investing for the future. It also addresses the financial risks facing the utility  over the short term and long term, and includes measures to mitigate and manage those risks.  SECTION 2A: OVERVIEW OF FINANCIAL POSITION  From FY 2017 through FY 2026, non‐commodity costs are projected to increase at roughly 3.5%  per year. In the short term, some of these costs are related to the cross‐bore inspection  program, as well as cap‐and‐trade allowance purchase costs. In addition, capital improvement  program (CIP) costs have increased as the economy has improved, and CPAU is also planning  new gas main replacement projects after completing a large multi‐year gas main replacement  project. The Gas Utility expenses over the period of this financial plan are shown in Table 1  below.  Table 1: Gas Utility Expenses for FY 2015 to FY 2026 (Thousand $’s)  Expenses  ($000)  FY  2015  (act.)  FY  2016  (est.)  FY  2017  FY  2018  FY  2019  FY  2020  FY  2021  FY  2022  FY  2023  FY  2024  FY  2025  FY  2026  Commodity costs 10,519 9,258 12,337 13,293 13,770 14,338 14,834 15,380 16,013 16,600 17,178 17,613 Operations 18,529 19,738 21,792 22,443 23,541 23,548 24,535 25,553 26,631 27,755 28,929 30,257  Capital Projects 1,832 6,889 6,305 5,985 6,115 6,301 6,488 6,680 6,879 7,083 7,293 7,509  TOTAL 30,881 35,886 40,434 41,721 43,426 44,188 45,857 47,613 49,522 51,438 53,400 55,380  To ensure that revenues cover these rising costs, the financial plan includes the rate trajectory  shown in Table 2. There was no rate increase in FY 2016 since new gas main replacement  projects were not added in FY 2014 and FY 2015 in order to complete a multi‐year project to  replace the last of the ABS plastic mains in Palo Alto. An 8% increase is projected for FY 2017,  followed by 9% and 7% increases for FY 2018 and FY 2019. An 8% increase in FY 2017 is  equivalent to $2.52 per month for the median residential customer’s monthly gas bill, based on  commodity prices as of February 2016.  Table 2: Projected Gas Rate Trajectory for FY 2017 to FY 2026  Projection FY     2017  FY     2018 FY     2019 FY     2020 FY     2021 FY  2022 FY  2023  FY  2024  FY  2025 FY  2026 Current Financial Plan 8% 9% 7% 4% 1% 1% 1% 1% 1% 1%  FY 2016 Financial Plan 7% 4% 4% 4% 3% 3% N/A N/A N/A N/A  The Gas Rate Stabilization Reserve is used to smooth rate increases over several years. This  Financial Plan projects that these reserves will be exhausted by the end of FY 2017. The Gas CIP  Reserve can be used to offset one‐time unanticipated capital costs. Table 3 shows the projected  reserve transfers over the forecast period.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  6 | Page    Table 3: Transfers To/(From) Reserves for FY 2016 to FY 2026 ($000)  Reserve FY 2016 FY 2017 FY 2018 to FY 2026  Rate Stabilization (1,531) (5,275) ‐  Operations 1,531 5,275 ‐  SECTION 2B: SUMMARY OF PROPOSED ACTIONS  Staff proposes the following actions for the Gas Utility in FY 2016:  1. Amend the $3.4 million transfer proposed in the FY 2016 Gas Financial Plan to $1.5  million, based on ending Operations Reserve levels.   Staff proposes the following actions for the Gas Utility in FY 2017:  2. Increase rates as shown in Section 3B: Current and Proposed Rates. These changes are  projected to increase rates by 8%, assuming monthly commodity prices are constant.  However, should commodity prices rise, relative bill increases will be higher, and  conversely lower if commodity prices should fall.   3. Transfer $5.3 million from the Rate Stabilization Reserve to the Operations Reserve. See  Section 3B: Current and Proposed Rates for more details.  SECTION 3: DETAIL OF FY 2017 RATE AND RESERVE PROPOSALS  SECTION 3A: RATE DESIGN  The Gas Utility’s rates are evaluated and implemented in compliance with cost of service  requirements. The Gas Utility’s current rates are based on the methodology from the April 2012  Gas Utility Cost of Service Study completed by Utility Financial Solutions1. Staff tentatively plans  to review this cost of service study in the next year or two unless any major changes occur to  the utility’s operations or customer base that would necessitate an earlier study. Before any  such update, staff will review current rates and the scope of the study with the UAC and Council  to determine UAC and Council policy priorities.  SECTION 3B: CURRENT AND PROPOSED RATES  On July 1, 2012 CPAU restructured its rates so that the commodity component varied monthly  to match changes in gas market prices2. In addition, monthly service charges were increased to  recover the cost of providing gas service to customers. In January 2015, the Council adopted a  new rate component to collect the costs of purchasing allowances for the purpose of  compliance with the State’s cap‐and‐trade program3. This component will change depending on  the cost of allowances and gas demand. At the same time, two bill components (Local                                                          1 Staff Report 2812, 5/17/ 2012 http://archive.cityofpaloalto.org/civica/filebank/blobdload.asp?BlobID=31395   2 Staff Report 2812, 5/17/2012: http://archive.cityofpaloalto.org/civica/filebank/blobdload.asp?BlobID=31395   3 Staff Report 5397, 1/26/2015: https://www.cityofpaloalto.org/civicax/filebank/documents/45537  GAS UTILITY FINANCIAL PLAN  April 12, 2016  7 | Page    transportation and Administration) were collapsed into the Distribution rate to streamline bill  presentation.   CPAU has four rate schedules: one for separately metered residential customers (G‐1), one for  small commercial and master‐metered multi‐family residential customers (G‐2), one for  customers using over 250,000 therms per year (G‐3) and a specific schedules for the  Compressed Natural Gas station (G‐10). All customers pay a monthly service charge, which  represents meter reading, billing, and other customer service costs, as well as a portion of  operations and maintenance cost. All customers are also charged for each therm of gas used.  Separately metered residential customers are charged on a tiered basis, differentiated by  season. During the Winter months, the first 2 therms per day (60 therms for a 30 day billing  period) are charged a base price per CCF, and all additional units charged a higher price per  therm. During the Summer months, the first tier level is 0.667 therms per day, or 20 therms for  a 30 day billing period. Commercial customers pay a uniform price for each therm used.  Table 4 shows the current and proposed monthly service charges for all rate schedules. Table 9  shows the consumption charges related to distribution charges. As mentioned earlier,  commodity charges change monthly. Some recent commodity price history is discussed in  Section 6A: Gas Purchase Costs.  Table 4: Current and Proposed Monthly Service Charges  Rate Schedule  Monthly Service Charge ($/month) Change  Current (7/1/12) Proposed (7/1/16) $/mo %  G‐1 (Residential) $9.88 $10.32 $0.44 4.5%  G‐2 (Small Commercial) $74.86 $78.23 $3.37 4.5%  G‐3 (Large Commercial) $361.18 $377.43 $16.25 4.5%  G‐10 (CNG) $50.65 $52.93 $2.28 4.5%    Table 5: Current and Proposed Gas Distribution Charges   Current  (7/1/12)  Proposed  (7/1/16)  Change  $/Therm %  G‐1 (Residential)   Tier 1 Rates 0.4392 0.5021 0.0629 14.3%  Tier 2 Rates 0.9546 1.0407 0.0861 9.0%  G‐2 (Residential Master‐Metered and Small Commercial)   Uniform Rate 0.6147 0.6855 0.0708 11.5%  G‐3 (Large Commercial)   Uniform Rate 0.6071 0.6775 0.0704 11.5%  G‐10 (Compressed Natural Gas)  Uniform Rate 0.0509 0.0963 0.0454 89.2%    GAS UTILITY FINANCIAL PLAN  April 12, 2016  8 | Page    SECTION 3C: BILL IMPACT OF PROPOSED RATE CHANGES  Table 6 shows the impact of the proposed July 1, 2016 rate changes on the median residential  bill. The average increase is roughly 8% based on March 2016 commodity rates, but some  customers may see slightly higher or lower increases due to slight changes in the composition  of the utility’s costs, as well as prevailing market prices.  Table 6: Impact of Proposed Gas Rate Changes on Residential Bills  Usage  (Therms/month)  Bill under  Current Rates  Bill under  Proposed Rates  Change  $/mo. %  Winter (Using March 2016 commodity prices)  30        $ 29.67          $ 32.00   $ 2.33 8%  54 (median) 45.40 49.34 3.84 8%  80 72.96 78.89 5.94 8%  150 155.21 167.17 11.96 8%  Summer (Using July 2015 commodity prices)  10        $ 17.70          $ 18.77   $ 1.07 6%  18 (median) 23.95 25.52 1.57 7%  30 38.49 41.05 2.56 7%  45 57.95 61.80 3.85 7%  Table 7 shows the impact of the proposed July 1, 2016 rate changes on various representative  commercial customer bills.   Table 7: Impact of Proposed Gas Rate Changes on Commercial Bills  (Using March 2016 commodity prices)  Usage  (Therms/month)  Bill under Current  Rates  Bill under  Proposed Rates  Change  %  G‐2 (Residential Master‐Metered and Small Commercial)  500 492 531 8%  5,000 4,250 4,608 8%  10,000 8,426 9,137 8%  G‐3 (Large Commercial)  25,000 21,049 22,825 8%  50,000 41,736 45,272 8%  SECTION 3D: PROPOSED RESERVE TRANSFERS  In the FY 2016 Financial Plan, several transfers between reserves were discussed for FY 2016.  CIP related funds were transferred out of the Reappropriations Replacement into the CIP  Reserve, and $3.4 million was proposed to be transferred from the Rate Stabilization Reserve  into the Operations Reserve.   GAS UTILITY FINANCIAL PLAN  April 12, 2016  9 | Page    As lower expenses in FY 2015 resulted in higher ending reserve balances than initially projected,  staff recommends reducing the $3.4 million transfer from the Rate Stabilization Reserve in FY  2016 to $1.5 million, and proposes transferring $5.3 million in FY 2017. For FY 2016, staff  proposes a $3.4 million transfer from the Rate Stabilization Reserve. This transfer will exhaust  the Rate Stabilization Reserve, as planned for and discussed in Section 5E: FY 2017‐FY 2026  ProjectionsSection 4E: Reserves Structure, and is included in the financial projections in this  Financial Plan. It will enable CPAU to maintain adequate Operations Reserve levels while  moderating the pace of increase in gas rates. The impact of these transfers on reserves levels  can be seen in Appendix A: Gas Utility Financial Forecast Detail.  SECTION 4: UTILITY OVERVIEW  This section provides an overview of the utility and its operations. It is intended as general  background information and to help readers better understand the forecasts in Section 5:  Utility Financial Projections and Section 6: Details and Assumptions.  SECTION 4A: GAS UTILITY HISTORY  On September 22, 1917, the City of Palo Alto issued a bond to purchase the property of Palo  Alto Gas Company and continue it as a municipal enterprise. At the time, the system comprised  21 miles of mains, 1,900 meters, and was valued at $65,500. PG&E supplied the gas, which was  synthesized from coal at its Potrero facility. Almost immediately the City faced challenges.  Losses were at nearly 25% according to PG&E’s master meter, and PG&E had filed with the  Railroad Commission (the forerunner to today’s Public Utilities Commission) to increase rates  by nearly 72.5%. Despite these initial hurdles, Palo Alto’s system grew tremendously, and by  1924 revenues had exceeded those of the electric utility. Sales were such that the annual  reports of the time noted gas usage “appears to be greater than that of any other city in the  state, showing that gas is a very popular form of fuel in Palo Alto.”  Just prior to the acquisition  of the neighboring town of Mayfield’s gas system (centered around today’s California Avenue)  in 1929, the miles of main in service and customers connections had doubled.   Notable changes to the gas supply itself came in 1930, when PG&E ceased supplying purely  manufactured (or coal) gas from its Potrero Hill facility in San Francisco and instead switched to  natural gas. In 1935, a supplementary butane injection system (later retired) was purchased  from Standard Oil to mitigate large wintertime peaks. Gas sales were at 248,658 million cubic  feet (MCF) with 4,849 active services.  Early gas mains in Palo Alto were made of steel, but in the 1950s, like many other utilities, CPAU  switched to ABS plastic. CPAU switched to PVC plastic in the early 1970s, but around 100 miles  of ABS mains had already been installed. A 1990 evaluation of the system found a steadily  increasing rate of gas leaks associated with those mains, something that other gas utilities had  also been experiencing. To reduce leaks, CPAU accelerated its main replacement program from  7,000 feet (1.3 miles) of replacements per year to 20,000 feet (3.8 miles) per year. This would  enable the utility to replace all of its ABS and its most vulnerable steel and PVC mains with  GAS UTILITY FINANCIAL PLAN  April 12, 2016  10 | Page    polyethylene (PE) mains over the course of the following 36 years.4  As of 2015 the Gas Utility  had replaced approximately 99 miles of ABS, as well as some sections of steel where cathodic  protection was not effective. Current main replacement projects will target the last ~800 feet of  remaining ABS main as well as tackling PVC replacement. A PVC risk analysis to determine the  appropriate footage of annual PVC replacement for future CIP projects is currently being  conducted. This is an example of how local control of its Gas Utility has provided Palo Alto  residents with substantial benefits. During the 1990s and 2000s, while CPAU was increasing its  main replacement rate to ensure a robust gas distribution system, PG&E was underspending on  safety‐related infrastructure, according to a past audit.5    In the 1990s, while grappling with the issues surrounding its distribution system, CPAU was also  participating in major changes to the structure of the gas industry in California. Until 1988 CPAU  had a formal policy of setting its rates equal to PG&E’s rates and successfully did so with the  exception of one year in the mid‐1970s. At times this led to inadequate revenue (1974 to 1981)  as PG&E, the City’s only gas supplier, regularly filed requests with the CPUC to increase the  wholesale gas supply rates charged to the Gas Utility. In the 1990s, as the CPUC began  deregulating the natural gas industry in California, the Gas Utility began purchasing gas from  suppliers other than PG&E. In 1997 the CPUC adopted the “Gas Accord,”6 which enabled the  Gas Utility (along with other local transportation‐only customers) to obtain transmission rights  on PG&E’s Redwood transmission pipeline running from Malin, Oregon into California.   In 2000/2001 the California energy crisis occurred, causing major disruptions to the Gas Utility’s  supply costs. Wholesale gas prices rose over 500% between January 2000 and January 2001.  The Council approved drawing down reserves to provide ratepayer relief and, for two years  following the crisis, CPAU rates were above PG&E’s as reserves were replenished. In April 2001  the Council approved a hedging practice of buying fixed price gas one to three years into the  future. After reaching a low point in October 2001, prices continued to rise, and as a result the  CPAU hedging strategy frequently resulted in a wholesale supply cost advantage compared to  PG&E until prices began to decline steeply in mid‐2008. At that point the Gas Utility’s wholesale  supply costs became higher than market gas prices due to fixed price contracts entered into  prior to 2008. As a result the Gas Utility’s wholesale supply costs were higher than PG&E’s for  several years. In 2012 Council approved a plan to formally cease the hedging strategy and  purchase all gas on the short‐term (“spot”) markets. As of July 1, 2012, the commodity portion  of the gas rates changes every month based on the spot market gas price.  SECTION 4B: CUSTOMER BASE  CPAU’s Gas Utility provides natural gas service to the residents, businesses, and other gas  customers in Palo Alto. Close to 23,400 customers are connected to the natural gas system,  approximately 21,700 (93%) of which are residential and 1,700 (7%) of which are non‐ residential. Residential customers consume about 10 to 12 million therms of gas per year,                                                          4 Staff Report CMR:183:90. Infrastructure Review and Update, March 1, 1990  5 Focused Financial Audit of The Pacific Gas & Electric Company’s Gas Distribution Operations, Overland Consulting,  made available through a CPUC Administrative Law Judge’s ruling on A12‐11‐009/I13‐03‐007 on 5/31/2013  6 CPUC decision 97‐08‐055. Since then, the Gas Accord has been amended four times, with the most recent being  Gas Accord V, application A.09‐09‐013  GAS UTILITY FINANCIAL PLAN  April 12, 2016  11 | Page    roughly 45% of the gas sold, while non‐residential customers consume 55% (about 14 to 15  million therms). Residential customers use gas primarily for space heating (46% of gas  consumed) and water heating (42%), with the remainder consumed for other purposes such as  cooking, clothes drying, and heating pools and spas7. Non‐residential customers use gas for  space and water heating (73% of gas consumed), cooking (20%), and industrial processes (6%).8    The Gas Utility receives gas at the four receiving stations within Palo Alto where CPAU’s  distribution system connects with Pacific Gas and Electric’s (PG&E’s) system. These receiving  stations are jointly operated by CPAU and PG&E. CPAU purchases gas from a various natural gas  marketers, with PG&E providing only local transportation service (transportation from the  PG&E City Gate gas delivery hub to Palo Alto). CPAU also has transmission rights on PG&E’s  transmission pipeline from Malin, Oregon to PG&E City Gate, allowing it to purchase lower  priced gas at that location. CPAU does not produce or store any natural gas, and purchases gas  in the monthly and daily spot markets. The cost of the purchased gas is passed through directly  to customers through a rate adjuster that varies monthly with market prices. The cost of  purchased gas and PG&E local transportation service accounts for roughly one third of the  utility’s expenditures.  SECTION 4C: DISTRIBUTION SYSTEM  To deliver gas from the receiving stations to its customers, the utility owns 210 miles of gas  mains (which transport the gas to various parts of the city) and 23,400 gas services (which  connect the gas mains to the customers’ gas lines). These mains and services, along with their  associated valves, regulators, and meters, represent the vast majority of the infrastructure used  to deliver gas in Palo Alto. CPAU has an ongoing CIP to repair and replace its infrastructure over  time, the expense of which accounts for around 15 to 20% of the utility’s expenditures. Costs  for main replacements have been going up in recent years.   In addition to the CIP, the Gas Utility performs a variety of maintenance activities related to the  system, such as monitoring the system for leaks, testing and replacing meters, monitoring the  condition of steel pipe, and building and replacing gas services for buildings being built or  redeveloped throughout the city. The utility also shares the costs of other system‐wide  operational activities (such as customer service, billing, meter reading, supply planning, energy  efficiency, equipment maintenance, and street restoration) with the City’s other utilities. These  maintenance and operations expenses, as well as associated administration, debt service, rent,  and other costs, make up roughly half of the utility’s expenses. In addition to these ongoing  activities, CPAU has conducted a program to find and replace cross‐bores over the last several  years. Currently, $3 million is budgeted for the cross‐bore program over the next three years.  However, the ongoing cross‐bore investigation may require additional funding, or extend for  longer into the future, as the remaining sewer lines are more difficult to examine than the  majority of the wastewater collection system that has been examined to date.                                                             7 http://energyalmanac.ca.gov/naturalgas/overview.html   8 Source: Statewide Commercial End Use Study, California Energy Commission report, 2006. Statistics shown are  for end users in PG&E Climate Zone 4 (the Peninsula) where Palo Alto is located.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  12 | Page    Figure 2: Cost Structure (FY 2015)  60% 34% 6% Operations Gas Purchases Capital Figure 1: Revenue Structure (FY 2015)  95% 5% Sales of Gas Other Revenue SECTION 4D: COST STRUCTURE AND REVENUE SOURCES  As shown in Figure 1, the Gas  Utility receives 95% of its revenue  from sales of gas and the  remainder from capacity and  connection fees, interest on  reserves, and other sources.  Appendix A: Gas Utility Financial  Forecast Detail shows more detail  on the utility’s cost and revenue  structures.     As shown in Figure 2, in FY 2015,  gas purchase costs accounted for  roughly 34% of the Gas Utility’s  costs. This percentage can vary  widely from year to year, as this  cost is based upon market  purchases. Operational costs  represented roughly 60%, and  capital investment was  responsible for the remaining 6%.  The percentages for FY 2015 are  skewed by the fact that CIP,  which is normally about 20% of  expenses, was reduced in FY 2014  and FY 2015 to allow for a backlog  of projects to be completed.   SECTION 4E: RESERVES STRUCTURE  CPAU maintains six reserves for its Gas Utility to manage various types of contingencies. These  are summarized below, but see Appendix C: Gas Utility Reserves Management Practices for  more detailed definitions and guidelines for reserve management:   Reserve for Commitments: A reserve equal to the utility’s outstanding contract  liabilities for the current fiscal year. Most City funds, including the General Fund, have a  Commitments Reserve.   Reserve for Reappropriations: A reserve for funds dedicated to projects reappropriated  by the City Council, nearly all of which are capital projects. Most City funds, including  the General Fund, have a Reappropriations Reserve.    Capital Improvement Program (CIP) Reserve: The CIP reserve can be used to  accumulate funds for future expenditure on CIP projects and is anticipated to be empty  unless a major one‐time CIP expenditure is expected in future years. This CIP can also  GAS UTILITY FINANCIAL PLAN  April 12, 2016  13 | Page    act as a contingency reserve for the CIP. This type of reserve is used in other utility funds  (Electric, Water, and Wastewater Collection) as well.    Rate Stabilization Reserve: This reserve is intended to be empty unless one or more  large rate increases are anticipated in the forecast period. In that case, funds can be  accumulated to spread the impact of those future rate increases across multiple years.  This type of reserve is used in other utility funds (Electric, Water, and Wastewater  Collection) as well.   Operations Reserve: This is the primary contingency reserve for the Gas Utility, and is  used to manage yearly variances from budget for operational gas costs. This type of  reserve is used in other utility funds (Electric, Water, and Wastewater Collection) as  well.   Unassigned Reserve: This reserve is for any funds not assigned to the other reserves  and is normally empty.  SECTION 4F: COMPETITIVENESS  Table 8 presents winter and summer residential bills for Palo Alto and PG&E at several usage  levels for commodity rates in effect as of July 2015 (to illustrate a summer month bill) and  March 2016 (to illustrate a winter month bill). The annual gas bill for the median residential  customer for calendar year 2015 was $420.86, about 15% lower than the annual bill for a PG&E  customer with the same consumption. PG&E’s distribution rates for gas have increased  substantially to collect for needed system improvements for pipeline safety and maintenance.   The bill calculations for PG&E customers are based on PG&E Climate Zone X, an area which  includes the surrounding communities.   Table 8: Residential Monthly Natural Gas Bill Comparison ($/month)  Season  Usage  (therms) Palo Alto PG&E Zone X %  Difference  Winter  (March 2016)  30 31.25 40.23 ‐22%  (Median) 54 48.34 72.42 ‐33%  80 77.16 117.37 ‐34%  150 163.10 245.51 ‐34%  Summer  (Jul 2015)  10 17.75 12.47 42%  (Median) 18 24.04 22.60 6%  30 38.64 43.44 ‐11%  45 58.18  69.50 ‐16%  Table 9 shows the monthly gas bills for commercial customers for various usage levels for rates  in effect as of March 1, 2016.  Bills for CPAU customers at the usage levels shown are around 9%  lower for smaller commercial customers and 4 to 17% higher for larger commercial customers  than for PG&E customers. This is a substantial improvement over the calendar year 2013 bill  comparison, when commercial gas bills for CPAU customers were 27% to 44% higher than for  PG&E customers. This is primarily attributable to PG&E’s increased distribution rates as the  GAS UTILITY FINANCIAL PLAN  April 12, 2016  14 | Page    commodity rates for CPAU and PG&E are very similar, both being based on spot market gas  prices.  Table 9: Commercial Monthly Average Gas Bill Comparison (for Rates in Effect Feb. 1, 2016)  Usage (therms/mo)  Gas Bill ($/month) %  Difference  Palo Alto  PG&E  500 518 572 ‐9%  5,000 4,510 4,953 ‐9%  10,000 9,231 8,859 4%  50,000 44,711 38,104 17%  SECTION 4G: GAS SUPPLY RATES  Starting in July 2012, CPAU replaced a “laddering” hedging strategy for purchasing gas supplies  with a strategy to buy gas on the short‐term, or “spot” markets and pass the commodity cost to  customers on a monthly basis.  The actual commodity prices are shown in Figure 3.  As shown,  commodity prices have steadily fallen for the last two years.  Figure 3: Gas Commodity Rates from July 2012 through March 2016    GAS UTILITY FINANCIAL PLAN  April 12, 2016  15 | Page    SECTION 5: UTILITY FINANCIAL PROJECTIONS  SECTION 5A: LOAD FORECAST  Gas usage in Palo Alto is volatile, varying with both economic and weather conditions. As shown  in Figure 4, in the early 1970’s, gas purchases reached over 45 million therms per year. Usage  dropped dramatically in the 1976/1977 drought when customers saved significant amounts of  (hot) water by upgrading to efficient showerheads. During the 1980s and 90s average gas usage  was around 36 million therms per year. Usage dropped again in the early 2000’s. In FY 2001, gas  prices escalated during the California energy crisis and Palo Alto’s rates increased by nearly  200%. From 2003 to 2011, usage decreased by 2.3% mainly as a result of continued customer  investments in energy efficiency.   In FY 2015 an unusually warm winter, as well as ongoing drought, have again caused gas usage  to tumble to historic lows. Gas usage was 25.6 million therms in FY 2015.  Figure 4: Historic Gas Consumption    20 25 30 35 40 45 50 19 7 1 19 7 3 19 7 5 19 7 7 19 7 9 19 8 1 19 8 3 19 8 5 19 8 7 19 8 9 19 9 1 19 9 3 19 9 5 19 9 7 19 9 9 20 0 1 20 0 3 20 0 5 20 0 7 20 0 9 20 1 1 20 1 3 20 1 5 Th e r m s  (M i l l i o n s ) GAS UTILITY FINANCIAL PLAN  April 12, 2016  16 | Page    Gas consumption, as denoted by the dotted line in Figure 5, is projected to recover somewhat  and stay stable over the forecast period, although changes such as replacement of gas  appliances with electric appliances or customer behavior may result in lower long run usage.   Figure 5: Forecast Gas Consumption    SECTION 5A: FY 2011 TO FY 2015 COST AND REVENUE TRENDS  Figure 6 and Appendix A: Gas Utility Financial Forecast Detail how costs have changed during  the last five years as well as how they are projected to change over the next decade.   The annual expenses for the gas utility decreased substantially between 2011 and 2015 due to  lower gas sales. Market prices for gas supplies are shown in Figure 3 above. FY 2014 and 2015  were notable for a temporary hiatus in most CIP budgeting, to permit the completion of a  backlog of projects which had previously been budgeted for. This budgetary hold allowed for  backlogged gas main replacement projects to be started, which consumed capital reserves.  Starting in FY 2012, additional funding for gas cross‐bore inspections increased Operations  costs.  Revenues are below expenses, and the projected rate trajectory will bring revenues in line with  costs by FY 2019. As shown in Figure 6 below, revenues were below cost in FY 2011 and FY 2013  and are projected to be below cost in FY 2016. Reduced budgeting for new CIP in FY 2014 and  FY 2015, as well as the availability of relatively large reserves, forestalled the need for rate  increases until now. However, since Rate Stabilization Reserves are projected to be depleted by  FY 2017, the Gas Utility must increase rates to cover costs.    As shown in Figure 6, the last gas rate adjustment was in July 2012 when rates were increased  by 12%.  However, this was at the same time that the commodity rates were changed to a  market‐based, monthly pass‐through cost—and commodity rates (and usage) fell, so revenues  actually declined in FY 2013 after the rate increase.  20 22 24 26 28 30 32 34 36 20 0 3 20 0 4 20 0 5 20 0 6 20 0 7 20 0 8 20 0 9 20 1 0 20 1 1 20 1 2 20 1 3 20 1 4 20 1 5 20 1 6 20 1 7 20 1 8 20 1 9 20 2 0 20 2 1 20 2 2 20 2 3 20 2 4 20 2 5 20 2 6 Th e r m s  (M i l l i o n s ) GAS UTILITY FINANCIAL PLAN  April 12, 2016  17 | Page        Figure 6: Gas Utility Expenses, Revenues, and Rate Changes:  Actual Costs through FY 2015 and Projections through FY 2026    SECTION 5B: FY 2015 RESULTS  Sources of funds for FY 2015 were lower than projected by $4.8 million, but expenses related to  Purchases and Operations and Maintenance activities came in well below expected budget.  Total FY 2015 expenses were $30.9 million compared to projections of $34.9 million in the FY  2015 Financial Plan. Table 10 summarizes the variances from forecast.  Table 10: FY 2015, Actual Results vs. Financial Plan Forecast   Net Cost/(Benefit)Type of change  Sales revenues lower than forecast 5,427,000 Revenue decrease  Other revenues and interest were  higher than forecasted  (628,000) Revenue increase  Purchase costs  lower than forecast (3,212,000) Cost savings  Operations & maintenance, Customer  service and other savings  (760,000) Cost savings  Net Cost / (Benefit) of Variances $827,000   GAS UTILITY FINANCIAL PLAN  April 12, 2016  18 | Page    SECTION 5C: FY 2016 PROJECTIONS  Current projections indicate that sales revenues continue to be lower than forecast, at this time  projected to be $4.7 million. However, Purchase cost reductions of $4.2 million offset most of  this. Table 11 summarizes the current projected variances from FY 2016 Financial Plan.  Table 11: FY 2016, Projected Results vs. Financial Plan Forecast   Net Cost/ (Benefit) Type of change  Sales revenues lower than forecast 4,719,000 Revenue decrease  Purchase costs  lower than forecast (4,171,000) Cost savings  Operations & maintenance, Customer service and  other savings  (1,843,000) Cost savings  Capital improvement budgets higher  1,216,000 Cost increase  Other revenues and interest lower than forecasted 611,000 Revenue decrease  Net Cost / (Benefit) of Variances $531,000   SECTION 5D: FY 2017‐FY 2026 PROJECTIONS  As can be seen in Figure 6 above, costs for the Gas Utility are projected to rise in FY 2017, then  are projected to increase at a bit less than 3.5% per year through FY 2026. In Operations, this is  due to an additional $1 million for cross‐bore inspections (this expense is projected to continue  for at least three years), as well as general inflationary increases of around 2.6% per year.  Salaries and benefits expenses are projected to rise at nearly 4% per year, per the City’s Long  Range Financial Plan. CIP programs are projected to increase, then stabilize at around $6 million  per year in FY 2018, then grow at around 2% per year thereafter. Gas commodity costs are the  most variable component. At the time the budget was developed in December 2015, gas supply  prices were projected to increase by around 3 to 4% per year, but recently gas prices have hit  near record lows. Since this is a pass‐through cost to customers, the risk of these costs being  higher or lower than expected has a minimal impact on reserves.     As shown in Figure 7, the Rate Stabilization Reserves are projected to be depleted by FY 2017.      GAS UTILITY FINANCIAL PLAN  April 12, 2016  19 | Page    Figure 7: Gas Utility Reserves   Actual Reserve Levels for FY 2011 and Projections through FY 2026    SECTION 5E: RISK ASSESSMENT AND RESERVES ADEQUACY  The Gas Utility’s primary contingency reserve, the Operations Reserve, is projected to be right  at the approved minimum guideline level in FY 2018 and FY 2019, barring either short‐run  budget savings and/or larger future increases. Figure 8 shows the Operations Reserve  recovering to the target level by FY 2021 with the projected rate trajectory.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  20 | Page      Figure 8: Operations Reserve Adequacy      Forecast Operations Reserve levels also exceed the short‐term risk assessment for the Utility.  Table 12 summarizes the risk assessment calculation for the Gas Utility through FY 2021. The  same methodology is used for FY 2022 through FY 2026 as well. The risk assessment includes  the revenue shortfall that could accrue due to:   1. Lower than forecasted distribution sales revenue; and  2. An increase of 10% of planned system improvement CIP expenditures for the budget  year.  Table 12: Gas Risk Assessment ($000)   FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Total non‐commodity revenue  $21,587 $24,256 $26,956 $28,370 $28,781 Max. revenue variance, previous ten years  16% 16% 16% 16% 16%  Risk of revenue loss $3,462 $3,890 $4,323 $4,549 $4,615  CIP Budget $5,076 $4,720 $4,811 $4,958 $5,105  CIP Contingency @10% $508 $472 $481 $496 $511  Total Risk Assessment value $3,969 $4,362 $4,804 $5,045 $5,126    Finally, the CIP Reserve was created at the end of FY 2015 to act as a contingency reserve for  capital improvement projects. Current guidelines state that the balance of this reserve should  fall between 12 and 24 months of budgeted CIP expense.   GAS UTILITY FINANCIAL PLAN  April 12, 2016  21 | Page    At the end of FY 2016, the sum of the CIP Reserve and existing Commitments was a bit below  $5 million, as shown in Figure 7. However, based upon FY 2016’s CIP budget, the minimum  reserve level is $6.9 million. As such, this reserve is technically below the minimum level, but  the Risk assessment reserve level for the Operations Reserve is also set to handle a 10%  increase to CIP costs should that arise. As such, staff does not recommend an additional  increase to rates to fund this reserve at this time. If any CIP funds budgeted in FY 2016 are not  used or committed by the end of the fiscal year, those funds flow to the Operations Reserve  and those funds could be used to fund the CIP reserve, so increasing rates for this contingency  is premature. Staff is in the process of reviewing this reserve and the appropriateness of the  current minimum and maximum guideline levels.    SECTION 5F: ALTERNATE SCENARIOS  At the UAC’s February 2016 meeting, it was suggested that staff prepare two alternate  scenarios for rate increases. The first (“Target”) scenario keeps the Operations Reserve at or  near the Target level throughout the forecast period as shown in Figure 9 below. The second  (“Minimum”) has no rate change in FY 2017 and lets the Operations Reserve stay at minimum  for five years as shown in Figure 10 below. Both options as well as the proposed rate  adjustments are shown in Table 13.   Table 13: Projected Gas Rate Trajectory for FY 2017 to FY 2026   FY     2017  FY     2018  FY     2019  FY     2020  FY     2021  FY  2022  FY  2023  FY  2024  FY  2025  FY  2026  Proposed 8% 9% 7% 4% 1% 1% 1% 1% 1% 1%  Target 8% 16% 2% 1% 1% 2% 2% 2% 2% 1%  Minimum 0% 24% 1% 1% 1% 4% 3% 1% 1% 1%    The Target scenario does not change the FY 2017 proposed rate increase, but a 16% rate  increase in FY 2018 would be needed to bring reserves to target levels. Figure 9 shows that the  Operations Reserve levels for the Target scenario.    The Minimum scenario avoids a rate increase in FY 2017, but requires a significant increase in  FY 2018 (24%). If sales are lower than expected or costs rise, then this rate increase would be  even higher.  Figure 10 shows that the Operations Reserve levels for the Minimum scenario.    Staff recommends an 8% gas rate increase in FY 2017 to moderate the rate increases that are  projected in FY 2018 while keeping the Gas Operations Reserve at healthy levels.                   GAS UTILITY FINANCIAL PLAN  April 12, 2016  22 | Page    Figure 9: Operations Reserve at Target    Figure 10: Operations Reserve at Minimum    SECTION 5G: LONG‐TERM OUTLOOK  In the longer term (5 to 35 years out) it is very difficult to predict the Gas Utility’s commodity  costs. A variety of long‐term trends could affect commodity costs either positively or negatively.  Continuing improvement in gas extraction technology, such as fracking, could continue to  create generous supplies of gas, but these technologies are also under greater scrutiny with  respect to their environmental impacts. On the demand side, a continued shift from coal to  natural gas for electricity generation or an increase in manufacturing in the U.S. might drive up  GAS UTILITY FINANCIAL PLAN  April 12, 2016  23 | Page    natural gas prices, but other factors, such as generally more mild winters, might drive gas  demand lower. It is also difficult to predict the magnitude of the additional cost impacts  associated with the State’s cap‐and‐trade program over the long term. In the face of this  uncertainty, CPAU is able to protect the financial position of the Gas Utility by continuing its  current strategy of passing these costs directly to its customers via month‐varying rate  adjustment mechanisms.  Future CIP investment needs for the Gas Utility may be lower than in the past, although costs  per foot for main replacement may increase substantially. The Gas Utility has replaced nearly all  of its ABS gas mains and its most problematic steel and PVC mains as well. The PE pipe being  used now is expected to have at least a fifty‐year lifetime, and there is growing evidence that it  may last much longer than that. This would result in lower CIP investment over the long term.  CPAU is considering performing a study in the near future to develop its future main  replacements priorities and strategy.  Long‐term state or local climate goals could also have a major impact on the Gas Utility. The  Global Warming Solutions Act, Assembly Bill 32 (AB32), set a goal of reducing greenhouse gas  (GHG) emissions to 1990 levels by 2020 and then maintaining those reductions. In its December  2007 Climate Protection Plan, the City set a goal of lowering emissions to 15% below 2005  levels by 2020. As a community Palo Alto achieved these goals in 2012 even with continued use  of natural gas for heating, cooking, and industrial processes. If stricter goals are enacted at the  state or local level, however, it could lead to “electrification”, or consumer switching from gas‐ using appliances to electric‐using appliances for heating, cooking and processes. If significant  amounts of electrification occurred, stranded investment and higher rates could be required as  the costs of the distribution system are recovered over a lower sales base. One example of a  stricter standard has been stated by the Governor—reducing GHG emissions to 80% below  1990 levels by 2050.9  This goal, or less ambitious interim state goals, would require legislation  to implement. But it is instructional that, in the recent discussion draft of its scoping plan  update, CARB says, to meet those goals, natural gas use would have to be “mostly phased  out.”10 Legislation has been recently passed addressing the Governor’s 2030 climate goals of  50% renewable generation, 50% reduction in transportation fuels, and a doubling of energy  efficiency. A few bills have already been introduced on post‐2020 GHG emission reduction goals  and the GHG cap‐and‐trade market. As stewards of the Gas Utility, the City should continue to  stay aware of developments in state climate planning, participate as a stakeholder, and  consider these types of impacts and ways to mitigate them when developing its own  sustainability goals.                                                           9 Executive Orders S‐3‐05 and B‐16‐2012.  10 Climate Change Scoping Plan, First Update, Discussion Draft for Public Review and Comment, California Air  Resources Board, October 2013, pg 88.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  24 | Page    SECTION 6: DETAILS AND ASSUMPTIONS  SECTION 6A: GAS PURCHASE COSTS  The Gas Utility purchases much of its gas for delivery at Malin, Oregon which is almost always  cheaper than delivery at PG&E City Gate, even including the costs of transmission from Malin to  City Gate. Gas is purchased on a month‐ahead and day‐ahead basis in the spot market. The last  few years have seen gas prices in a relatively narrow but low band, and prices for the last year  in particular have been lower than most projections. High levels of natural gas in storage, along  with warmer than normal weather on the West coast has kept prices low, as shown in Figure  11.   Figure 11: Gas Market Prices at PG&E Citygate    Future gas commodity costs are expected to increase steadily over the next several years.  Figure 12 shows the projected gas prices used to generate this forecast. Projections for  transmission costs associated with transporting gas over PG&E’s Redwood transmission  pipeline (from Malin, Oregon to the PG&E Citygate) are based on rates adopted in the most  recent update to the Gas Accord.   Local transportation costs decreased on January 1, 2015 due to the expiration of a temporary  adder to PG&E’s local transportation rate,11 but in December 2014 PG&E applied to the CPUC to  more than double local transportation costs. Staff is tracking PG&E’s application and, based on                                                          11 California Public Utilities Commission Advice Letter 3430‐G, effective January 1, 2014. Also see CPUC Decision  12‐12‐30 regarding the Pipeline Safety Enhancement Plan Adder.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  25 | Page    discussions to date, expects that nearly all of the proposed increase in local transportation costs  will be approved. Staff projects these costs to escalate at 3% per year in subsequent years. As  these charges are dictated by PG&E and are outside of Palo Alto’s control, staff may propose  making these costs a pass‐through charge, similar to the commodity charge, in FY 2018.  Figure 12: Wholesale Gas Price Projections    SECTION 6B: OPERATIONS  Operations costs include the Customer Service, Demand Side Management, Operations and  Maintenance (including Engineering), Resource Management, and Administration categories in  Figure 13, below. Debt service, rent, and transfers are also included in Operations costs  (excluding the General Fund equity transfer). Appendix D: Description of Gas Utility Cost  Categories includes detailed descriptions of the activities associated with these cost categories.  Operations costs are projected to increase by 2 to 4% per year. Salary and benefits, inflation,  and other assumptions match those used in the City’s long‐range financial forecast.   Operations costs for FY 2017 to FY 2019 include funding for the cross‐bore program. In the  1970s CPAU, like many other utilities, adopted horizontal drilling as an alternative to trenching  when installing new gas services. This created the possibility of cross‐bores, which can happen  when a gas service is bored through a sewer lateral. Though cross‐bores are very rare, they can  create a dangerous situation when a contractor attempts to clear a blocked sewer line, because  if the cross‐bored gas service is damaged during the line clearing it can result in a gas leak.  CPAU has been inspecting new gas services since 2001, and in 2011 began video inspections of  the sewer laterals at the location of horizontally‐drilled gas services installed before 2001. This  inspection program has cost roughly $1 million per year since FY 2012. While a majority of  sewer laterals have been inspected, staff has come across several services which are not able to  be scoped, either due to infiltration by roots or broken/collapsed pipe segments. Staff has  GAS UTILITY FINANCIAL PLAN  April 12, 2016  26 | Page    included $3 million in additional funding between FY 2017 and FY 2019 for this program, but  the program will likely require additional funding in future years to complete.  Figure 13: Historical and Projected Operational Costs    SECTION 6C: CAPITAL IMPROVEMENT PROGRAM (CIP)  The Gas Utility’s CIP program consists of the following programs and budgets:   The Gas Main Replacement Program, under which the Gas Utility replaces aging gas  mains   Customer Connections, which covers the cost when the Gas Utility installs new services  or upgrades existing services at a customer’s request in response to development or  redevelopment. The Gas Utility charges a fee to these customers to cover the cost of  these projects.   Ongoing Projects, which covers the cost of routine meter, regulator, and service  replacement, minor projects to improve reliability or increase capacity, and other  general improvements.   Tools and Equipment, which covers the cost of capitalized equipment, such as  directional boring equipment.   One‐time Projects, which represents occasional large projects that do not fall into any  other category.  Table 14 shows the current status of these project categories and future projected spending.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  27 | Page    Table 14: Budgeted Gas CIP Spending     The Gas Main Replacement (GMR) Program is in the process of reaching a major milestone, the  replacement of the last gas mains made from ABS plastic. The program to replace ABS and  other low‐performing materials in the system started in the 1990s (see Section 4A: Gas Utility  History for more detail). CPAU temporarily slowed down its new CIP appropriations in this  category in FY 2014 and 2015 in order to finish the last major ABS main replacement project  and to catch up on a backlog of projects that has accumulated due to staffing issues. With the  replacement of all ABS mains with PE plastic, the material most at risk for failure is removed  leaving only PVC plastic, steel (wrapped, with cathodic protection), and PE mains. The next  focus of the GMR program will be PVC mains. CPAU is considering updating the Gas System  Master Plan to determine which areas of the system to prioritize. The plan will help CPAU  determine whether the pace of main replacement (approximately three miles of main each  year, or 1.5% of the system) needs to be increased, decreased, or whether it needs to remain  the same.   The current budget for gas main replacement assumes the current pace of main replacement,  but does not take into account the recent rise in costs for main replacement, which have  increased from the levels seen during the recent recession. Several factors may be contributing  to this. Economic recovery in the Bay Area, as well as a greater focus on infrastructure  improvement by many municipal agencies and utilities could be creating high demand for  contractors in these fields. Newer, more leak resistant pipe materials may have ongoing greater  costs. CPAU has seen the replacement cost per linear foot increase by 25 to 50% over the last  couple of years. Currently CPAU plans to complete as much main replacement as possible  within its current budget, provided there are no safety concerns. However, if this trend of  higher cost continues, the Gas Utility may require larger CIP budgets, and as a result, larger rate  increases.       Ongoing Projects, Tools and Equipment, and Customer Connections are projected to cost  approximately $0.8 million in FY 2017 and increase by 3% per year through the end of the  forecast period. In practice, these projects can fluctuate dramatically depending on system  conditions and the pace of development and redevelopment in the city. It is worth noting that  the Customer Connections program is paid for through fee revenue, so when costs go up, so  does fee revenue.     Aside from customer connections and some transfers from other funds, the CIP plan for  FY 2017 to FY 2021 is funded by utility rates. The details of the plan are shown in Appendix B:  Gas Utility Capital Improvement Program (CIP) Detail.   Project Category Current  Budget* Spending,  Curr. Yr Remain.  Budget** Committed FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 One Time Projects 150            (9)               141            125               ‐           ‐           ‐           ‐           ‐            Gas Main Replacement 8,097         (367)           7,730         3,580           4,191      3,811      3,878      4,000      4,121        Tools And Equipment 291            (76)             214             ‐               100         100         100         100         100           Ongoing Projects 918            (193)           726            76                785         809         833         858         884           Customer Connections 953            (576)           377            38                1,229      1,265      1,303      1,342      1,383        TOTAL 10,409       (1,222)        9,187         3,818           6,305      5,985      6,115      6,301      6,488        *Includes unspent funds from previous years carried forward or reappropriated into the current fiscal year **Equal to CIP Reserves (Reserve for Reappropriations + Reserve for Commitments).  GAS UTILITY FINANCIAL PLAN  April 12, 2016  28 | Page    SECTION 6D: DEBT SERVICE  The Gas Utility currently makes debt service payments on one bond issuance, the 2011 Series A  Utility Revenue Refunding Bonds. This bond issuance was to refinance the $18 million principal  remaining on the Utility Revenue Bonds, 2002 Series A issued for the Gas and Water Utilities to  finance various improvements to the distribution systems. $9.4 million of this issuance was  secured by the net revenues of the Gas Utility. Debt service for this bond for the financial  forecast period is shown in Table 15. Debt service on this bond will continue through 2026.  Table 15: Gas Utility Debt Service   FY  2017  FY  2018 FY  2019 FY  2020 FY  2021 FY  2022 FY  2023  FY  2024  FY  2025 FY  2026 2011 Utility Revenue  Refunding Bonds, Series A 803 802 800 800 802 804 805 803 800 803  The 2011 bonds include two covenants stating that 1) the Gas Utility will maintain a debt  coverage ratio of 125% of debt service, and 2) that the City will maintain “Available Reserves”12  equal to five times the annual debt service. The current financial plan complies with these  covenants throughout the forecast period, as shown in Table 16 and   Table 17.   Table 16: Debt Service Coverage Ratio ($000)   FY  2017  FY  2018  FY  2019  FY  2020  FY  2021  FY  2022  FY  2023  FY  2024  FY  2025  FY  2026  Revenues 35,938 39,825 43,628 46,051 47,336 48,323 49,891 51,465 53,429 54,696 Expenses  (Excluding CIP and  Debt Service)  ‐33,310 ‐34,933 ‐36,511 ‐37,086 ‐38,566 ‐40,128 ‐41,838 ‐43,552 ‐45,307 ‐47,068 Net Revenues 2628 4892 7117 8965 8770 8195 8053 7913 8,122 7,628 Debt Service 803 802 800 800 802 804 805 803 800 803 Coverage Ratio 327% 610% 890%1121%1094%1019%1000%985% 985% 985%    Table 17: Debt Service Minimum Reserves ($000)   FY  2017  FY  2018  FY  2019  FY  2020  FY  2021  FY  2022  FY  2023  FY  2024  FY  2025  FY  2026  Gas Utilitya 9,543 7,647 7,849 9,712 11,191 11,901 12,270 12,298 12,327 12,742 Debt Serviceb 803 804 803 802 801 801 802 803 800 803  Reserves Ratioc   12x   10x   10x   12x   14x   15x   15x   15x   15x   15x  a) CIP, Rate Stabilization, Operations, and Unassigned Reserves b) Gas Utility’s share of the debt service on the 2011 bonds.  c) Calculated using only Gas Utility reserves. The actual reserves ratio for the 2011 bonds is calculated based on the  combined Electric, Gas, and Water Utility reserves and debt service and is higher than shown here.                                                          12 Available Reserves as defined in the 2011 bonds include the reserves for the Water, Electric, and Gas Utilities  GAS UTILITY FINANCIAL PLAN  April 12, 2016  29 | Page    The Gas Utility’s reserves and net revenue are also pledged as security for the bond issuances  listed in Table 18, even though the Gas Utility is not responsible for the debt service payments.  The Gas Utility’s reserves or net revenues would only be called upon if the responsible utilities  are unable to make their debt service payments. Staff does not currently foresee this occurring.   Table 18: Other Issuances Secured by Gas Utility’s Revenues or Reserves  Bond Issuance Responsible Utilities Annual Debt  Service ($000) Secured by Gas Utility’s: Net Revenues Reserves 1995 Series A Utility  Revenue Bonds Storm Drain $680 Yes No  1999 Utility Revenue  Bonds, Series A  Wastewater Collection  Wastewater Treatment Storm Drain  $1,207 No Yes  2009 Water Revenue  Bonds (Build America  Bonds)  Water $1,977* No Yes  *Net of Federal interest subsidy  SECTION 6E: EQUITY TRANSFER  The City calculates the equity transfer from its Gas Utility based on methodology adopted by  Council in 2009 that has remained unchanged since13. Each year it is calculated according to the  2009 Council‐adopted methodology, and does not require additional Council action. SECTION 6F: REVENUES  The Gas Fund receives most of its revenues from sales of gas, but about 5% comes from other  sources. The largest of these comes from service connection and capacity fees, followed closely  by sales of allowances related to California’s cap‐and‐trade program. Another revenue item  related to the cap‐and‐trade program is collected in customer’s bills. While the State provides  CPAU with a certain number of free allowances each year, the Gas Utility is required to sell a  portion of those in accordance with the regulations. In order to have enough allowances to  cover customer’s natural gas emissions, CPAU must buy allowances at market, and  subsequently passes through the cost of those allowances to customers. The regulations do not  allow the revenue derived from the sale of the free allowances to offset allowance purchases,  thus the pass‐through rate component.   Sales revenue projections are based on the load forecast in Section 5A: Load Forecast. Except  where stated otherwise, these load forecasts are based on normal weather. Weather can vary  substantially, however, and this can affect revenues substantially. Also, changes in customer  behavior, as well as changes to more efficient gas appliances, or switching to electric                                                          13 For more detail on the ordinance adopting the 2009 transfer methodology, see CMR 280:09, Budget Adoption  Ordinance for Fiscal Years 2009 and 2010; and CMR 260:09, Finance Committee Report explaining proposed  changes to equity transfer methodology.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  30 | Page    appliances, will modify these forecasts. Forecasts are continually evaluated to see when new  trends emerge.  SECTION 6G: COMMUNICATIONS PLAN  The FY 2017 communications strategy covers four primary areas:  operations, infrastructure,  safety, efficiency, renewables and rates. Since moving to market pricing for commodity rates,  changes to the commodity rates are posted monthly on the City’s website. Gas use efficiency  incentives are promoted year‐round, but most heavily during winter months to impact heating  activities. Promotional methods include community outreach events, print ads in local  publications, utility bill inserts, messaging on the bills and envelopes, website pages, email  blasts, videos for the web and local Comcast channels, Home Energy Reports and the use of  social media.   To keep customers apprised of the status and accomplishments of capital improvement  projects, a network of project web pages are maintained. Traffic is driven to the website via  print and digital ads, social media and email blasts. Safety topics are emphasized year‐round.  CPAU is engaging in several campaigns and programs in FY 2017 to promote gas utility  efficiency and renewable energy. The Georgetown University Energy Prize competition is a  friendly, national campaign to encourage communities to reduce energy use. Energy savings  from reduced gas and electric consumption qualify to help Palo Alto compete for a $5 million  prize at the end of a two‐year campaign. Since adoption of a carbon neutral electric supply  portfolio, CPAU launched a new voluntary renewable natural gas carbon offsets program,  PaloAltoGreen Gas. Much of our programmatic promotional activity will center around  customer education and encouragement to sign up for participation in PaloAltoGreen Gas.  Other new programs include home efficiency services and online tools to help customers  manage their energy use.  Stepping up efforts to promote gas safety education, staff is focusing outreach around youth,  the importance of calling USA (811) before digging for anyone who may excavate in and around  Palo Alto, such as plumbers and contractors, potential sewer and gas line crossbores, keeping  fats, oils and greases out of drains, and ensuring clear access to meters. For younger  “customers‐to‐be,” CPAU created a Home Safety Detective campaign that includes special tool  kits to help them identify home safety problems. Staff provides safety kits to youth and adults  at school presentations, neighborhood safety and emergency preparedness fairs and other  community outreach events. Meter access awareness is highlighted through use of materials  featuring photos of some unusual ways people obstruct access to their meters, including using  them as bike racks and building storage sheds around them.   CPAU will continue to promote safety, infrastructure, operations, efficiency and rate  adjustment messages through a variety of marketing and media channels. Every year, CPAU  publishes an updated gas safety awareness brochure which is mailed to all customers in Palo  Alto, as well as plumbers, contractors and excavators that may work in and around the area.  Staff talks with business customers at special facilities meetings, attends neighborhood safety  and emergency preparedness fairs and offers presentations to school and community groups.  While print materials and website pages still feature prominently, CPAU is turning the outreach  GAS UTILITY FINANCIAL PLAN  April 12, 2016  31 | Page    emphasis to direct mail, newspaper inserts, social media, online videos and cable TV. Copies of  all outreach materials and logs of activities are saved in the Gas Safety Public Awareness Plan  that is reviewed at least once per year by the Department of Transportation.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  32 | Page    APPENDICES  Appendix A: Gas Financial Forecast Detail  Appendix B: Gas Utility Capital Improvement Program (CIP) Detail  Appendix C: Gas Utility Reserves Management Practices  Appendix D: Description of Gas Utility Cost Categories  Appendix E: Gas Utility Communications Samples  GAS UTILITY FINANCIAL PLAN  April 12, 2016  33 | Page    APPENDIX A: GAS FINANCIAL FORECAST DETAIL  GAS UTILITY FINANCIAL PLAN  April 12, 2016  34 | Page    APPENDIX B: GAS UTILITY CAPITAL IMPROVEMENT PROGRAM (CIP) DETAIL            Project #Project Name Reappropriated /  Carried Forward from  Previous Years Current Year  Funding   Budget  Amendments   Spending,  Current Year  Remaining in  CIP Reserve  Fund Commitments FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 ONE TIME PROJECTS GS‐09000 Gas Station 1 Rebuild ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐              GS‐08000 Gas Station 2 Rebuild ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐              GS‐10000 Gas Station 3 Rebuild 4                                      ‐               ‐                  ‐              4                      ‐                   ‐              ‐              ‐              ‐              ‐              GS‐11001 Gas Station 4 Rebuild ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐              GS‐13003 COBUG emissions equipment ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐              GS‐15001 Security at Receiving Stations 150,000                          150,000      (150,000)        (9,459)         140,541         125,000            ‐              ‐              ‐              ‐              Subtotal, One‐time Projects 150,004                           150,000        (150,000)          (9,459)           140,545           125,000            ‐                ‐                ‐                ‐                ‐                GAS MAIN REPLACEMENT (GMR) PROGRAM GS‐08011 GMR ‐ Project 18 ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐              ‐              GS‐09002 GMR ‐ Project 19 526,621                           ‐              (30,410)          (68,899)       427,312         427,312            ‐              ‐              ‐              ‐              ‐              GS‐10001 GMR ‐ Project 20 2,311,602                         ‐              (13,981)          (23,297)       2,274,324      2,274,325         ‐              ‐              ‐              ‐              ‐              GS‐11000 GMR ‐ Project 21 867,159                           ‐              (20,512)          (100,049)     746,598         832,416            ‐              ‐              ‐              ‐              ‐              GS‐12001 GMR ‐ Project 22 295,985                          4,033,001   (493,001)        (175,008)     3,660,977      3,000               ‐              ‐              ‐              ‐              ‐              GS‐13001 GMR ‐ Project 23 ‐                                  620,650       ‐                  ‐              620,650         42,500            3,550,650    ‐              ‐              ‐              ‐              GS‐14003 GMR ‐ Project 24 ‐                                   ‐               ‐                  ‐               ‐                  ‐                  640,000      3,100,000    ‐              ‐              ‐              GS‐15000 GMR ‐ Project 25 ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐             711,000      3,200,000    ‐              ‐              GS‐16000 GMR ‐ Project 26 ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐             678,200      3,300,000    ‐              GS‐20000 GMR ‐ Project 27 ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐             700,000      3,400,000    GS‐20001 GMR ‐ Project 28 ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐             721,000       Subtotal, Gas Main Replacement Program 4,001,367                        4,653,651     (557,904)          (367,253)       7,729,861        3,579,553        4,190,650     3,811,000     3,878,200     4,000,000     4,121,000      TOOLS AND EQUIPMENT GS‐13002 General Shop Equipment/Tools 130,931                          100,000      (113,062)        (46,069)       71,800            ‐                  100,000      100,000      100,000      100,000      100,000       GS‐01019 Global Positioning System 73,578                             ‐              (70,768)          (641)            2,169              ‐                   ‐              ‐              ‐              ‐              GS‐02013 Directional Boring Machine ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐              ‐              GS‐03007 Directional Boring Equipment ‐                                   ‐               ‐                  ‐               ‐                  ‐                   ‐              ‐              ‐              ‐              ‐              GS‐03008 Polyethylene Fusion Equip. 29,168                             ‐               ‐                  ‐              29,168            ‐                   ‐              ‐              ‐              ‐              GS‐14004 Gas Distribution System Model 140,742                          87,690        (87,690)          (29,544)       111,198          ‐                   ‐              ‐              ‐              ‐              ‐              Subtotal, Tools and Equipment 374,419                           187,690        (271,520)          (76,254)         214,335            ‐                   100,000        100,000        100,000        100,000        100,000         GAS UTILITY FINANCIAL PLAN  April 12, 2016  35 | Page    Gas Utility Capital Improvement Program (CIP) Detail (continued)      Project #Project Name Reappropriated /  Carried Forward from  Previous Years Current Year  Funding   Budget  Amendments   Spending,  Current Year  Remaining in  CIP Reserve  Fund Commitments FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 ONGOING PROJECTS GS‐11002 Gas System Improvements 151,021                          292,669      (66,397)          (114,635)     262,658         76,036            231,913      238,870      246,036      253,417      261,020       GS‐03009 System Ext. ‐ Unreimbursed 284,821                          192,675      (284,095)        (35,809)       157,592          ‐                  198,500      204,455      210,590      216,908      223,415       GS‐80019 Gas Meters and Regulators 736,596                          344,690      (733,487)        (42,523)       305,276          ‐                  355,030      365,681      376,652      387,952      399,591       Subtotal, Ongoing Projects 1,172,438                        830,034        (1,083,979)       (192,967)       725,526           76,036             785,443        809,006        833,278        858,277        884,025         CUSTOMER CONNECTIONS (FEE FUNDED) GS‐80017 Gas System Extensions (252,428)                          950,000      255,428          (575,893)     377,107         37,880            1,228,500   1,265,355   1,303,315   1,342,415   1,382,688    Subtotal, Customer Connections (252,428)                          950,000        255,428            (575,893)       377,107           37,880             1,228,500     1,265,355     1,303,315     1,342,415     1,382,688      GRAND TOTAL 5,445,800                        6,771,375     (1,807,975)       (1,221,826)    9,187,374        3,818,469        6,304,593     5,985,361     6,114,793     6,300,692     6,487,713      Funding Sources Connection Fees 639,600        255,428            1,017,000     1,047,510     1,078,935     1,111,303     1,144,642      Utility Rates 6,131,775     (2,063,403)       5,287,593     4,937,851     5,035,857     5,189,389     5,343,070      CIP‐RELATED RESERVES DETAIL 6/30/2015 (Actual) 9/30/2015 Reappropriations 2,100,800                        5,368,905        5,076,093     4,720,006     4,811,478     4,958,277     5,105,025      Commitments 3,345,000                        3,818,469         GAS UTILITY FINANCIAL PLAN  April 12, 2016  36 | Page    APPENDIX C: GAS UTILITY RESERVES MANAGEMENT PRACTICES  The following reserves management practices shall be used when developing the Gas 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 Gas Utility’s Supply Fund Balance is reserved for the following purposes:  a) For existing contracts, as described in Section 4 (Reserve for Commitments)  b) For operating and capital budgets re‐appropriated from previous years, as described in  Section 5 (Reserve for Re‐appropriations)    Section 3. Distribution Fund Reserves  a) For existing contracts, as described in Section 4 (Reserve for Commitments)  b) For operating and capital budgets re‐appropriated from previous years, as described in  Section 5 (Reserve for Re‐appropriations)  c) For cash flow management and contingencies related to the Gas Utility’s Capital  Improvement Program (CIP), as described in Section 6 (CIP Reserve)  d) For rate stabilization, as described in Section 7 (Rate Stabilization Reserve)   e) For operating contingencies, as described in Section 8 (Operations Reserve)  f) 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 9 (Unassigned Reserves)  Section 4. Reserve for Commitments  At the end of each fiscal year the Gas Supply Fund and Gas Distribution Fund Reserve for  Commitments will be set to an amount equal to the total remaining spending authority for  all contracts in force for the Wastewater Collection Utility at that time.   Section 5. Reserve for Reappropriations  At the end of each fiscal year the Gas Supply Fund and Gas Distribution Fund Reserve for  Reappropriations will be set to an amount equal to the amount of all remaining capital and  GAS UTILITY FINANCIAL PLAN  April 12, 2016  37 | Page    non‐capital budgets, if any, that will be re‐appropriated to the following fiscal year for each  fund in accordance with Palo Alto Municipal Code Section 2.28.090.  Section 6. 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 based on the levels of  CIP expense budgeted for that year.   Minimum Level 12 months of budgeted CIP expense  Maximum Level 24 months of budgeted CIP expense  b) Changes in Reserves: Staff is authorized to transfer funds between the CIP Reserve and  the Reserve for Commitments when funds are added to or removed from the Reserve  for Commitments as a result of a change in contractual commitments related to CIP  projects. Any other additions to or withdrawals from the CIP reserve require Council  action.  c) Minimum Level:   i) Funds held in the Reserve for Commitments may be counted as part of the CIP  Reserve for the purpose of determining compliance with the CIP Reserve minimum  guideline level.   ii) 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, at any time, the CIP Reserve reaches its maximum level, no funds  may be added to this reserve. If there are funds in this reserve in excess of the  maximum level staff must propose to transfer these funds to another reserve or return  them to ratepayers in the next Financial Plan. Staff may also seek Council approval to  hold funds in this reserve in excess of the maximum level, if they are held for a specific  future purpose related to the CIP.  Section 7. Rate Stabilization Reserve  Funds may be added to the Rate Stabilization Reserve by action of the City Council and held  to manage the trajectory of future year rate increases. Withdrawal of funds from the Rate  Stabilization Reserve requires Council action. If there are funds in the Rate Stabilization  Reserve at the end of any fiscal year, any subsequent Gas Utility Financial Plan must result  in the withdrawal of all funds from this Reserve by the end of the Financial Planning Period.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  38 | Page    Section 8. Operations Reserve  The Operations Reserve is used to manage normal variations in costs and as a reserve for  contingencies. Any portion of the Gas Utility’s Fund Balance not included in the reserves  described in Section 4‐Section 7 above will be included in the Operations Reserve unless this  reserve has reached its maximum level as set forth in Section 8 d) below. Staff will manage  the Operations Reserve according to the following practices:    a) The following guideline levels are set forth for the 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 O&M and commodity expense  Target Level 90 days of O&M and commodity expense  Maximum Level 120 days of O&M and commodity expense  b) Minimum Level: If, at the end of any fiscal year, the funds remaining in the 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, and the Council may adopt, an alternative plan that takes  longer than one year to replenish the reserve.  c) Target Level: If, at the end of any fiscal year, the Operations Reserve is higher or lower  than the target level, any Financial Plan created for the Gas Utility shall be designed to  return the Operations Reserve to its target level by the end of the forecast period.  d) Maximum Level: If, at any time, the Operations Reserve reaches its maximum level, no  funds may be added to this reserve. Any further increase in the Gas Utility’s Fund  Balance shall be automatically included in the Unassigned Reserve described in Section  9, below.  Section 9. Unassigned Reserve  If the Operations Reserve reaches its maximum level, any further additions to the Gas  Utility’s Fund Balance will be held in the Unassigned Reserve. If there are any funds in the  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  Gas 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 2015, and the  next Financial Planning Period is FY 2016 through FY 2020, the Financial Plan shall include a  plan to return or assign any funds in the Unassigned Reserve by the end of FY 2016. Staff  may present an alternative plan that retains these funds or returns them over a longer  period of time.  GAS UTILITY FINANCIAL PLAN  April 12, 2016  39 | Page    Section 10. Intra‐Utility Transfers Between Supply and Distribution Funds    The Gas Utility records costs in two separate funds: the Gas Supply Fund and the Gas  Distribution Fund. At the end of each fiscal year staff is authorized to transfer an amount  equal to the difference between Gas Supply Fund costs and Gas Supply Fund Revenues from  the Gas Distribution Fund Operations Reserve to the Gas Supply Fund, or vice versa. Such  transfers shall be included in the ordinance closing the budget for the fiscal year.      GAS UTILITY FINANCIAL PLAN  April 12, 2016  40 | Page    APPENDIX D: DESCRIPTION OF GAS UTILITY COST CATEGORIES  This appendix describes the activities associated with the various cost categories referred to in  this Financial Plan.  Customer Service: This category includes the Gas Utility’s share of the call center, meter  reading, collections, and billing support functions. Billing support encompasses staff time  associated with bill investigations and quality control on certain aspects of the billing process. It  does not include maintenance of the billing system itself, which is included in Administration.  This category also includes CPAU’s key account representatives, who work with large  commercial customers who have more complex requirements for their gas services.  Resource Management:  This category includes gas procurement, contract management, rate  setting, and tracking of legislation and regulation related to the gas industry.   Operations and Maintenance: This category includes the costs of a variety of distribution  system maintenance activities, including:   surveying the gas system (50% of the system each year) and repairing any leaks found;   investigating reports of damaged mains or services and perform emergency repairs;   building and replacing gas services for new or redeveloped buildings; and   testing and replacing meters to ensure accurate sales metering.   This category also includes a variety of functions the utility shares with other City utilities,  including:   the Field Services team (which does field research of various customer service issues);   the Cathodic Protection team (which monitors and maintains the systems that prevent  corrosion in metal pipes and reservoirs); and   the General Services team (which manages and maintains equipment, paves and  restores streets after gas, water, or sewer main replacements, and provides welding  services, including certified gas line welding services)  Administration: Accounting, purchasing, legal, and other administrative functions provided by  the City’s General Fund staff, as well as shared communications services and Utilities  Department administrative overhead and billing system maintenance costs.  Demand Side Management: Includes the cost of administering gas efficiency programs and the  direct cost of rebates paid.  Engineering (Operating):  The Gas Utility’s engineers focus primarily on the CIP, but a small  portion of their time is spent assisting with distribution system maintenance.      APPENDIX E: GAS UTILITY COMMUNICATIONS SAMPLES        Attachment C * NOT YET APPROVED * 6053683 Resolution No. _________ Resolution of the Council of the City of Palo Alto Increasing Gas Rates by Amending Rate Schedules G-1 (Residential Gas Service), G-1-G (Residential Green Gas Service), G-2 (Residential Master- Metered and Commercial Gas Service), G-2-G (Residential Master- Metered and Commercial Green Gas Service), G-3 (Large Commercial Gas Service), G-3-G (Large Commercial Green Gas Service). G-10 (Compressed Natural Gas Service Service) and G-10-G (Compressed Natural Green Gas Service) R E C I T A L S A. 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. B. On ____, 2016, the City Council heard and approved the proposed rate increase. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-1 (Residential Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-1, as amended, shall become effective July 1, 2016. SECTION 2. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-1-G (Residential Green Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-1-G, as amended, shall become effective July 1, 2016. SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-2 (Residential Master-Metered and Commercial Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-2, as amended, shall become effective July 1, 2016. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-2-G (Residential Master-Metered and Commercial Green Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-2-G, as amended, shall become effective July 1, 2016. SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-3 (Large Commercial Gas Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-3, as amended, shall become effective July 1, 2016. SECTION 6. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-3-G (Large Commercial Green Gas Service) is hereby amended to read as Attachment C * NOT YET APPROVED * 6053683 attached and incorporated. Utility Rate Schedule G-3-G, as amended, shall become effective July 1, 2016. SECTION 7. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-10 (Compressed Natural Gas Service Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-10, as amended, shall become effective July 1, 2016. SECTION 8. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule G-10-G (Compressed Natural Green Gas Service Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule G-10-G, as amended, shall become effective July 1, 2016. SECTION 9. The City Council finds as follows: a. Revenues derived from the gas rates approved by this resolution do not exceed the funds required to provide water service. b. Revenues derived from the gas rates approved by this resolution shall not be used for any purpose other than providing gas service, and the purposes set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. SECTION 10. 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. SECTION 11. The Council finds that the adoption of this resolution changing gas 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 Title 14 of the California Code of Regulations 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. Attachment C * NOT YET APPROVED * 6053683 INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services RESIDENTIAL GAS SERVICE UTILITY RATE SCHEDULE G-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-1 Effective 72-1-20156 dated 12-1-20135 Sheet No G-1-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from City of Palo Alto Utilities: 1. Separately-metered single-family residential Customers. 2. Separately-metered multi-family residential Customers in multi-family residential facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ..................................................................................................$910.3288 Tier 1 Rates: Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-$2.00 2. Cap and Trade Compliance Charge ..................................................$0.00-$0.25 Distribution Charge: .............................................................................................$0.50214392 Tier 2 Rates: (All usage over 100% of Tier 1) Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-2.00 2. Cap and Trade Compliance Charge ...................................................$0.00-$0.25 Distribution Charge: ............................................................................................. .........................................................................................................$01.0407954 6 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and ATTACHMENT D RESIDENTIAL GAS SERVICE UTILITY RATE SCHEDULE G-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-2 Effective 72-1-20156 dated 12-1-20135 Sheet No G-1-2 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. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap and Trade Compliance Charges will fall within the minimum/maximum ranges set forth in Section C. 2. Seasonal Rate Changes: The Summer period is effective April 1 to October 31 and the Winter period is effective from November 1 to March 31. 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 for each period. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Calculation of Usage Tiers Tier 1 natural gas usage shall be calculated and billed based upon a level of 0.667 therms per day during the Summer period and 2.0 therms per day during the Winter period, rounded to the nearest whole therm, based on meter reading days of service. As an example, for a 30 day bill, the Tier 1 level would be 20 therms during the Summer period and 60 therms during the Winter period months. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. {End} RESIDENTIAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-1-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-G-1 Effective 27-1-20156 dated 72-1-20145 Sheet No G-1-G-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from the City of Palo Alto Utilities under the PaloAltoGreen Gas Program: 1. Separately-metered single-family residential Customers. 2. Separately-metered multi-family residential Customers in multi-family residential facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ..................................................................................................$910.3288 Tier 1 Rates: Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-$2.00 2. Cap and Trade Compliance Charges .................................................$0.00-$0.25 Distribution Charge:.............................................................................................$0.50214392 PaloAltoGreen Gas Charge .................................................................................. $0.1200 Tier 2 Rates: (All usage over 100% of Tier 1) Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-2.00 2. Cap and Trade Compliance Charges ..................................................$0.00-$0.25 Distribution Charge:.............................................................................................$01.04079546 PaloAltoGreen Gas Charge .................................................................................. $0.1200 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and RESIDENTIAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-1-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-G-2 Effective 27-1-20156 dated 72-1-20145 Sheet No G-1-G-2 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. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap and Trade Compliance Charges will fall within the minimum/maximum ranges set forth in Section C. 2. Seasonal Rate Changes: The Summer period is effective April 1 to October 31 and the Winter period is effective from November 1 to March 31. 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 for each period. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Calculation of Usage Tiers Tier 1 natural gas usage shall be calculated and billed based upon a level of 0.667 therms per day during the Summer period and 2.0 therms per day during the Winter period, rounded to the nearest whole therm, based on meter reading days of service. As an example, for a 30 day bill, the Tier 1 level would be 20 therms during the Summer period and 60 therms during the Winter period months. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 4. PaloAltoGreen Gas Program Description and Participation PaloAltoGreen Gas provides for the reduction of green-house gas (GHG) emissions associated with a Customer’s Gas usage, through the purchase of certified environmental offsets, with a preference to projects located in California. Purchases are made to match 100% of the therm usage at the Customer’s premises every month. Customers choosing to participate shall fill out a PaloAltoGreen Gas Program application provided by the Customer Service Center. {End} RESIDENTIAL MASTER-METERED AND COMMERCIAL GAS SERVICE UTILITY RATE SCHEDULE G-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-2-1 Effective 27-1-20156 dated 72-1-20125 Sheet No G-2-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from the City of Palo Alto Utilities: 1. Commercial Customers who use less than 250,000 therms per year at one site. 2. Master-metered residential Customers in multi-family residential facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ..................................................................................................$784.2386 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .................................... $0.10-$2.00 2. Cap and Trade Compliance Charges ................................................. $0.00-0.25 Distribution Charge: ........................................................................................................$0.6855147 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. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap and Trade Compliance Charges will fall within the minimum/maximum ranges set forth in Section C. {End} RESIDENTIAL MASTER-METERED AND COMMERCIAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-2-G-1 Effective 27-1-20156 dated 72-1-20145 Sheet No G-2-G-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from the City of Palo Alto Utilities under the PaloAltoGreen Gas Program: 1. Master-metered residential Customers in multi-family residential facilities. 2. Commercial Customers who use less than 250,000 therms per year at one site. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: 1. 100% Renewable/Full Green option:Per Service Monthly Service Charge: ......................................................................................$784.2386 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-$2.00 2. Cap and Trade Compliance Charges ....................................................... $0.00-0.25 Distribution Charge: ............................................................................................$0.6855147 PaloAltoGreen Gas Charge .................................................................................. $0.1200 2. 100 Therm block option:Per Service Monthly Service Charge: ......................................................................................$784.2386 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................... $0.10-$2.00 2. Cap and Trade Compliance Charges ....................................................... $0.00-0.25 Distribution Charge: ............................................................................................$0.6855147 PaloAltoGreen Gas Charge (per 100 therm block) .............................................. $12.00 RESIDENTIAL MASTER-METERED AND COMMERCIAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-2-G-2 Effective 27-1-20156 dated 72-1-20145 Sheet No G-2-G-2 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or Taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap and Trade Compliance Charges will fall within the minimum/maximum ranges set forth in Section C. 2. Request for Service A qualifying Customer may request service under this schedule for more than one account or meter if the accounts are located on one. A site consists of one or more contiguous parcels of land with no intervening public right-of-ways (e.g. streets). 3. PaloAltoGreen Gas Program Description and Participation PaloAltoGreen Gas provides for the reduction of green-house gas (GHG) emissions associated with a Customer’s gas usage, through the purchase of certified environmental offsets, with a preference to projects located in California. Purchases are made to match 100% of the therm usage at the Customer’s facility every month (the 100% Renewable/Full Green option), or in 100 therm blocks. Customers choosing to participate shall fill out a PaloAltoGreen Gas Program application provided by the Customer Service Center. {End} LARGE COMMERCIAL GAS SERVICE UTILITY RATE SCHEDULE G-3 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-3-1 Effective 27-1-20156 dated 72-1-20125 Sheet No G-3-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from the City of Palo Alto Utilities: 1. Commercial Customers who use at least 250,000 therms per year at one site. 2. Customers at City-owned generation facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides natural gas service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: $37761.4318 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .................................................... $0.10-$2.00 2. Cap and Trade Compliance Charges ...................................................... $0.00-0.25 Distribution Charge: .......................................................................................................$0.6775071 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. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap LARGE COMMERCIAL GAS SERVICE UTILITY RATE SCHEDULE G-3 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-3-2 Effective 27-1-20156 dated 72-1-20125 Sheet No G-3-2 and Trade Compliance Charges will fall within the minimum/maximum ranges set forth in Section C. 2. Request for Service A qualifying Customer may request service under this schedule for more than one account or meter if the accounts are located on one site. A site consists of one or more contiguous parcels of land with no intervening public right-of- ways (e.g. streets). 3. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable City of Palo Alto full-service rate schedule. Customers served under this rate schedule may elect Gas Direct Access at any time. {End} LARGE COMMERCIAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-3-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-3-G-1 Effective 27-1-20156 dated 72-1-20145 Sheet No G-3-G-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Gas Service from the City of Palo Alto Utilities under the PaloAltoGreen Gas Program: 1. Commercial Customers who use at least 250,000 therms per year at one site. 2. Customers at City-owned generation facilities. B. TERRITORY: This schedule applies anywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: 1. 100% Renewable/Full Green option:Per Service Monthly Service Charge:$37761.4318 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................................... $0.10-$2.00 2. Cap and Trade Compliance Charges .......................................................... $0.00-0.25 Distribution Charge: ...........................................................................................$0.6775071 PaloAltoGreen Gas Charge: ......................................................................................$0.1200 2. 100 Therm block option: Per Service Monthly Service Charge:$37761.4318 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .......................................................... $0.10-$2.00 2. Cap and Trade Compliance Charges .......................................................... $0.00-0.25 Distribution Charge: ...........................................................................................$0.6775071 PaloAltoGreen Gas Charge (per 100 therm block): ....................................................$12.00 D. SPECIAL NOTES: LARGE COMMERCIAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-3-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-3-G-2 Effective 27-1-20156 dated 72-1-20145 Sheet No G-3-G-2 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. The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap and Trade Compliance Charges will fall within the minimum/maximum ranges set forth in Section C. 2. Request for Service A qualifying Customer may request service under this schedule for more than one account or meter if the accounts are located on one site. A site consists of one or more contiguous parcels of land with no intervening public right-of-ways (e.g. streets). 3. PaloAltoGreen Gas Program Description and Participation PaloAltoGreen Gas provides for the reduction of green-house gas (GHG) emissions associated with a Customer’s gas usage, through the purchase of certified environmental offsets, with a preference to projects located in California. Purchases are made to match 100% of the therm usage at the Customer’s facility every month, (the 100% Renewable/Full Green option), or in 100 therm blocks. Customers choosing to participate shall fill out a PaloAltoGreen Gas Program application provided by the Customer Service Center. {End} COMPRESSED NATURAL GAS SERVICE UTILITY RATE SCHEDULE G-10 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-10-1 Effective 47-201-20156 dated 14-201-20135 Sheet No.G-10-1 A. APPLICABILITY: This schedule applies to the sale of natural gas to the City-owned compressed natural gas (CNG) fueling station at the Municipal Service Center in Palo Alto B. TERRITORY: Applies to location at the Municipal Service Center in City of Palo Alto. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ..................................................................................................$520.9365 Per Therm Supply Charges: Commodity (Monthly Market Based) ................................................................ $0.10-$2.00 Cap and Trade Compliance Charges .............................................................. $0.00 to $0.25 Distribution Charge .........................................................................................................$0.0963509 D. SPECIAL CONDITIONS 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. The Commodity charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap and Trade Compliance Charges will fall within the minimum/maximum range set forth in Section C. {End} COMPRESSED NATURAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-10-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-10-G--1 Effective 47-120-20156 dated 4-20-2015 Sheet No.G-10-G-1 A. APPLICABILITY: This schedule applies to the wholesale sale of natural gas to the City-owned compressed natural gas (CNG) fueling station at the Municipal Service Center in Palo Alto under the PaloAltoGreen Gas Program: B. TERRITORY: The City-owned compressed natural gas (CNG) fueling station located at the Municipal Service Center in City of Palo Alto. C. UNBUNDLED RATES: Per Service Monthly Service Charge: ..................................................................................................$520.9365 Per Therm Supply Charges: Commodity (Monthly Market Based) .................................................... $0.10-$2.00 Cap and Trade Compliance Charges .................................................. $0.00 to $0.25 Distribution Charge .........................................................................................................$0.0963509 PaloAltoGreen Gas Charge ...................................................................................................$0.1200 D. SPECIAL CONDITIONS 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. The Commodity charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, accounting for delivery losses to the Customer’s Meter. The Cap and Trade Compliance Charge reflects the City’s cost of regulatory compliance with the state’s Cap and Trade Program, including the cost of acquiring compliance instruments sufficient to cover the City’s Gas Utility’s compliance obligations. The Cap and Trade Compliance Charge will change in response to COMPRESSED NATURAL GREEN GAS SERVICE UTILITY RATE SCHEDULE G-10-G CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-10-G--2 Effective 47-120-20156 dated 4-20-2015 Sheet No.G-10-G-2 changing market conditions, retail sales volumes and the quantity of allowances required. The Commodity and Cap and Trade Compliance Charges will fall within the minimum/maximum range set forth in Section C. 2. PaloAltoGreen Gas Program Description and Participation PaloAltoGreen Gas provides for the reduction of green-house gas (GHG) emissions associated with a Customer’s Gas usage, through the purchase of certified environmental offsets, with a preference to projects located in California. Purchases are made to match 100% of the therm usage at the Customer’s premises every month. Customers choosing to participate shall fill out a PaloAltoGreen Gas Program application provided by the Customer Service Center. {End} EXCERPTED DRAFT MINUTES OF THE APRIL 12, 2016 UTILITIES ADVISORY COMMISSION SPECIAL MEETING ITEM 3. ACTION: Staff Recommendation that the Utilities Advisory Commission Recommend that the City Council Adopt: (1) a Resolution Approving the Fiscal Year 2017 Gas Utility Financial Plan; and (2) a Resolution Increasing Gas Rates by Amending Rate Schedules G-1 (Residential Gas Service), G-1-G (Residential Green Gas Service), G-2 (Residential Master- Metered and Commercial Gas Service), G-2-G (Residential Master-Metered and Commercial Green Gas Service), G-3 (Large Commercial Gas Service), G-3-G (Large Commercial Green Gas Service, G-10 (Compressed Natural Gas Service) and G-10-G (Compressed Natural Green Gas Service) Acting Rates Manager Eric Keniston summarized the written report. He explained that gas rates were proposed to increase by 8%, slightly higher than the 7% shown in the preliminary forecast in February. Overall rates for a median customer bill would be around 9%. Keniston explained that gas revenues have been below expenses for several years, and reserves had been used to make up the shortfall. A series of rate increases would be needed to bring revenues back in line with cost. Keniston also explained that gas sales had been decreasing over several years. While commodity rates changed monthly based on market prices, distribution costs were not, and if consumption continued to decrease, rate increases would need to be higher to recover shortfalls. Keniston showed that, with current sales projections and the proposed rate trajectory, Operations reserves would fall to near the minimum guideline levels for a few years before recovering back to target. The proposed rate changes themselves were shown, and Keniston noted that they resulted in an average 8% increase for most customers. As was requested by the UAC in February, two additional scenarios were provided, the first where Operations reserves were allowed to stay at or near the minimum guideline level, the second where reserves were kept at or near target levels. The first scenario indicated a 24% rate increase would be needed in FY 2018, the second a 16%, and staff recommended neither approach. The Commission had no questions on the proposed rates or FY 2017 Gas Financial Plan following Keniston’s presentation. ACTION: Vice Chair Cook moved to recommend that the UAC recommend Council approve staff’s proposal and Commissioner Schwartz seconded the motion. The motion carried unanimously (5-0) with Chair Foster, Vice Chair Cook, Commissioners Ballantine, Danaher, and Schwartz voting yes and Commissioners Eglash and Hall absent. ATTACHMENT E City of Palo Alto (ID # 6863) Finance Committee Staff Report Report Type: Action Items Meeting Date: 5/17/2016 City of Palo Alto Page 1 Summary Title: Net Energy Metering Successor Rate and Transition Policy Title: Utilities Advisory Commission Recommendation That the Finance Committee Recommend the City Council Adopt a Resolution Adopting a Net Energy Metering Successor Rate E-EEC-1 (Export Electricity Compensation), Establishing the Net Energy Metering Transition Policy, and Amending Rule and Regulation 2 (Definitions and Abbreviations) and 29 (Net Energy Metering and Interconnection) From: City Manager Lead Department: Utilities Recommendation Staff and the Utilities Advisory Commission (UAC) recommend that the Finance Committee recommend that the City Council: Adopt a resolution (Attachment A) Adopting a Net Energy Metering (NEM) Successor Rate, E- EEC-1 (“Export Electricity Compensation”, Attachment B); Establishing the NEM Transition Policy; and, Amending Utilities Rule and Regulation 2 (“Definitions and Abbreviations”, Attachment C-1) and 29 (“Net Energy Metering and Interconnection”, Attachment C-2). Executive Summary Net energy metering (NEM) is a billing mechanism designed to promote the installation of renewable distributed generation by allowing customers to be compensated at the full retail rate for electricity generated by their on-site systems, such as solar photovoltaic (solar PV) systems. State law requires all electric utilities to offer NEM to customers with eligible renewable distributed generation up to a maximum cap, or “NEM cap”, which in Palo Alto is 9.5 megawatts (MW). Under the City’s current rates, NEM customers can reduce, or completely avoid, charges on their electric utility bill while still remaining interconnected with the electric grid and utilizing grid services. Utilities generally refer to the terms and conditions for on-site renewable generation installed after the NEM cap is reached as the “NEM successor rate” or “NEM successor program.” As of mid-February 2016, the City of Palo Alto Utilities (CPAU) was approximately 79% toward meeting the NEM cap, and could exceed it by the end of 2016. City of Palo Alto Page 2 As Utilities across the state approach their respective NEM caps, NEM successor rates are a topic of much debate. To help guide staff efforts on the NEM successor rate development, City Council adopted NEM Successor Program Design Guidelines in January 2016. Under the proposed NEM successor rate (Rate Schedule E-EEC-1, Export Electricity Compensation), customers would receive a credit at the E-EEC-1 buyback rate for all electricity sent to the grid (when instantaneous on-site generation is greater than instantaneous on-site consumption), and they would be billed at the prevailing retail rate for all electricity drawn from the grid (when instantaneous on-site consumption is greater than instantaneous on-site generation). The proposed value of the credit for energy sent to the grid is 7.485 cents per kilowatt-hour (kWh), which compensates the customer for the energy, avoided capacity charges, avoided transmission/ancillary service charges, avoided transmission and distribution system losses, and environmental attributes. The energy value takes into account that solar energy is often generated at times of the state’s peak system demand. If approved, the credit would take effect July 1, 2016, and would be updated annually along with the budget. Based on staff analysis, the proposal will support continued solar PV deployment while ensuring that the City’s electric rates are based on the cost of providing service, in compliance with state constitutional requirements amended by Proposition 26. In addition to the proposed NEM successor rate, staff also recommends adopting a transition policy for customers with systems installed within the NEM cap. Specifically, staff proposes adopting a 20-year transition period from the time of interconnection through which NEM customers remain eligible for net metering under the terms currently set forth in California Public Utilities Code 2827. In addition, staff proposes allowing NEM customers to expand their systems by up to 10% of the original system size while still remaining eligible for net metering after the NEM cap has been reached. The UAC reviewed the proposed NEM successor program, rate and transition policy at its April 12, 2016 meeting. The UAC voted unanimously to approve the staff proposal. Background Net energy metering was established in California in 1996 as a mechanism to support distributed energy generation such as solar PV (sometimes referred to as “customer-sited” or “behind-the-meter” generation). In 1999, Palo Alto began a solar PV demonstration program, through which the first net metered systems were installed in the City. At the time, the total system price was over $10 per watt. Solar PV system costs have dropped by 70% compared to the late 1990s. The California Public Utilities Code section on NEM requires all electric utilities to offer NEM to eligible customers with renewable distributed generation, up to a cap. In October 2015 Council formally adopted a NEM cap for Palo Alto of 9.5 MW (Staff Report 6139). As of mid-February 2016, the City is approximately 79% toward meeting its NEM cap, as shown in Figure 1. To date, City of Palo Alto Page 3 all local solar PV installations in Palo Alto utilize NEM, and all net energy metered systems are solar PV systems. Figure 1: Summary of NEM Participation (1999 through mid-February 2016) All NEM customers are subject to terms and conditions outlined in the California Public Utilities Code Section 2827, including the ability to receive credit for eligible on-site customer generation at the retail rate, to have the credits roll over month-to-month over a 12-month period, and the option to cash-out any net surplus generation that exists at the end of the 12- month period. NEM customers remain subject to Council-approved changes to their otherwise applicable electric rate schedules, including rate design changes and potential minimum or fixed charges. Assembly Bill 327 (AB 327) directed the California Public Utilities Commission (CPUC) to develop a standard NEM successor tariff for the state’s investor-owned utilities (IOUs) no later than December 31, 20151. For the IOUs, the NEM successor tariff is to take effect either after an IOU has reached its NEM cap or July 1, 2017, whichever occurs first. On January 28, 2016, in a split 3-2 decision, the CPUC approved a NEM successor tariff for IOUs that leaves NEM largely intact. The primary differences from the IOU’s original NEM structure are that IOU customers under the NEM successor rate are required 1) to pay an interconnection fee estimated to be $75- 1 http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB327 City of Palo Alto Page 4 $150, 2) to be subject to certain non-bypassable charges on all energy delivered to the customer by the utility estimated to be 2-3 cents per kWh, and 3) to take service under a time- of-use rate if interconnecting from January 1, 2018, onward. The CPUC decision also establishes a 2019 review of the NEM successor tariff. Publicly-owned utilities (POUs) in California, whose rates are not regulated by the CPUC, are working with their respective governing bodies and stakeholders to formulate their own NEM successor rates, to take effect after their respective NEM caps have been reached. To staff’s knowledge, only two California POUs have adopted NEM successor rates: the City of Lompoc and Turlock Irrigation District (TID). In contrast to the CPUC-adopted NEM successor tariff for the IOUs, the POU-adopted NEM successor rates significantly modify the existing NEM program. More detailed information of the adopted NEM successor rates at California POUs is included in the Discussion section below. Local Solar Plan On April 22, 2014, the City Council adopted the Local Solar Plan (Staff Report 4608, Resolution 9402), which set the overarching goal of meeting 4% of the City’s total energy needs from local solar by 2023, corresponding to achieving 23 MW of solar PV installed in the City. Included within the Local Solar Plan is a strategy to develop proper policies, incentives, price signals and rates to encourage solar installation, including the exploration of cost-based rate structures that encourage the development of new solar systems in Palo Alto. Electric Cost of Service Analysis (COSA) CPAU carried out an electric cost of service analysis (COSA) in Winter 2015/2016. The primary goal of the COSA was to review the allocation of costs to customer classes and the electric rate design to ensure customers are charged according to the cost to serve them. The COSA also included a review of the rate design issues created by increasing numbers of local solar installations and the impact of rate designs on the economics of local solar for current and future customers. The NEM successor rate development was carried out in close coordination with the electric COSA. The proposed electric rate adjustments to be effective July 1, 2016 are described in the FY 2017 Financial Plan which is presented in an April 2016 UAC report. NEM Successor Program Design Guidelines & Stakeholder Feedback In order to guide research and development efforts, staff developed a set of design guidelines for the NEM successor rate, called the “NEM Successor Program Design Guidelines”. After receiving recommendations from the UAC and the Finance Committee, City Council formally adopted the NEM Successor Program Design Guidelines in January 2016 (Staff Report 6437). Through the stakeholder review process of the design guidelines, CPAU also received extensive feedback from the solar industry and advocates. The Energy Freedom Coalition of America (EFCA), a SolarCity-funded national advocacy group promoting public awareness and the benefits of solar and alternative energy, provided extensive feedback on NEM and the proposed design guidelines in letters to the UAC, Finance Committee, and City Council City of Palo Alto Page 5 preceding each step of the review process. The letter EFCA submitted to City Council is included as Attachment F. Discussion Energy Flows in a Typical Residential PV System When a customer installs a solar PV system, the energy produced by the system first serves the customer load and is netted on-site. When the customer’s energy demand is greater than what is being generated by the solar system at that point in time, then the customer draws additional power from the grid to meet their energy needs. When the customer is using less energy than the solar PV system is generating, the excess energy is exported to the grid. This energy is referred to by a variety of terms including “energy sent to the grid,” “energy exports,” “surplus energy,” and “excess energy.” Figure 2 is an illustration of a daily load of a residential customer with a solar PV system that specifies the energy sent to the grid and the energy delivered by the utility. City of Palo Alto Page 6 Figure 2: (Top) Illustration of a residential solar customer’s load, solar production, and net load (Bottom) Illustration of the energy that is delivered by the utility to the customer and the energy that is sent to the grid NEM Successor Proposal Staff carried out a thorough evaluation of a broad variety of NEM successor rate design options considering the NEM successor design guidelines as well as conceptual and practical considerations of each option. Under the proposed NEM successor rate, customers would receive a credit for all electricity sent to the grid (energy generated in excess of instantaneous usage), and they would be billed at the prevailing retail rate for all electricity they use from the grid (energy used in excess of instantaneous generation). Large commercial customers, or customers with small PV systems relative to their overall load, may rarely or potentially never City of Palo Alto Page 7 export energy to the grid. Residential customers, or customers with systems sized to meet a large fraction of their load, typically export energy on a daily basis during hours of peak solar production. Figure 3 shows all three categories of energy, including the solar energy netted on-site (solar generation used directly on-site). Figure 3: Illustration of three categories of energy: solar energy netted on-site, energy sent to the grid, and energy delivered by the utility to the customer Under the staff proposal, over the course of a billing period, the sum of all energy delivered by the utility to the customer would be charged at the prevailing retail rate. For example, if the solar customer is a residential customer, the energy delivered by the utility in the billing period would be subject to the E-1 rate. In addition to the utility charges, the customer would also be credited for all energy sent to the grid. The sum of all energy exports would be credited at the credit rate of 7.485 cents per kWh. If in a given billing period, the total credits applied to the customer’s utility bill for exported energy exceed the total charges applied for the energy delivered to the customer, the surplus credit will automatically apply to the customer’s bill. Please see Attachment E for an illustration of an example bill for a residential customer who installs a solar system subject to the proposed NEM successor rate. All NEM successor customers would be subject to the E-EEC-1 rate schedule, their prevailing retail rate (e.g. E-1 for residential customers), and Rule and Regulation 27 “Generation Facility Interconnections”. By contrast, all customers eligible for NEM who have systems installed City of Palo Alto Page 8 within the NEM cap would be subject to their prevailing retail rate, Rule and Regulation 27 “Generation Facility Interconnections”, and Rule and Regulation 29 “Net Energy Metering and Interconnection”. Rule and Regulation 29 would not apply to NEM successor customers. Value of the Credit Rate The value of the credit for energy sent to the grid is 7.485 cents per kWh. As shown in Figure 4, this value compensates the customer for the energy, avoided capacity charges, avoided transmission and ancillary service (AS) charges, avoided transmission and distribution (T&D) system losses, and renewable energy credits (RECs), or environmental attributes. The energy component to the overall credit rate is calculated by taking wholesale monthly round-the-clock market price indicatives for northern California, and weighting them based on the typical generation profile of rooftop solar PV systems in Palo Alto and the hourly profile of market prices in northern California. In this way, the valuation methodology accounts for the fact that solar energy is often generated at times of peak system demand. Avoided transmission and AS charges are calculated based on the actual charges that the City pays to the California Independent System Operator (CAISO) for these services. And, the value of the environmental benefits is based on market price indicatives for the value of a “Bucket 1” REC. The 7.485 cents per kWh credit would take effect July 1, 2016, and would be updated annually and approved along with the budget. City of Palo Alto Page 9 Figure 4: Value of credit rate Metering The proposed NEM successor rate structure requires a bidirectional meter. A bidirectional meter is a meter with two registers to measure energy flowing in each direction: the first register measures all energy drawn from the grid, while the second register measures all energy sent to the grid. For example, if a customer has a solar system and that system is generating energy that exceeds the instantaneous needs of the customer, energy is sent to the grid and measured on the second register of the bidirectional meter. For all other times when the energy generated by the solar system is not sufficient to meet the customer’s needs, then energy is drawn from the grid and measured on the primary register. Under the proposed NEM successor rate structure, at the end of the billing period, the sum of the energy drawn from the grid measured on the primary register is billed at the applicable retail rate. The sum of the energy sent back to the grid measured on the second register is credited to the customer’s account according to the credit rate. The usage that is directly served with simultaneous solar generation, the “solar energy netted on-site” shown in Figure 3, is not measured by the meter and, therefore, effectively avoids the full bundled retail rate. At present, the default meter type is a single-register meter. Therefore, a bidirectional meter must be installed at a customer premise upon the installation of a solar PV system to City of Palo Alto Page 10 implement the proposed NEM successor rate. These meters would be provided at no cost to the customer as part of CPAU’s long-term meter replacement plan. Environmental Attributes As described above, the credit rate for energy sent to the grid is calculated based on the value of the energy, avoided capacity costs, avoided transmission and ancillary services costs, avoided transmission and distribution system losses, and environmental attributes, or RECs. Thus, all of the exported energy and its environmental benefits would be bought by CPAU as a bundled product. Under this proposal, the customer therefore could not claim the environmental benefits of any of the energy that is sent to the grid. However, the customer would nonetheless still be able to claim they are “going solar” for all of the energy that is netted on-site, as shown in Figure 3. An alternative is for CPAU to value the energy sent to the grid at a rate that does not include the environmental benefits—effectively stripping the REC from the energy—and paying the customer only for “brown” energy, so that customers can claim the environmental attributes for all energy produced from their systems. The staff proposal is to set the credit rate for exports to include the value of the environmental attributes because it improves the customer economics, and the customer would still be able to claim the RECs for all energy netted on-site. Interconnection Fees Public Utilities Code Section 2827 prohibits electric utilities from charging existing eligible customer generators for interconnection costs incurred by the utility. For systems installed after the NEM cap is reached, customers will be subject to an interconnection charge set at the level to recover the utility’s cost of connecting them to the local distribution system. Staff is currently updating Utility Rate Schedule E-15 “Electric Service Connection Fees”2, which contain charges for generation interconnection. The current estimate for the interconnection fee that would apply to a NEM successor customer is a one-time charge of between $100-200. Staff plans to take Schedule E-15 forward for Council review in Fall 2016. Addressing the NEM Successor Program Design Guidelines in Relation to the Staff Proposal The development of the proposed NEM successor rate and potential alternatives was the result of a comprehensive evaluation guided by the Council-adopted design guidelines and the stakeholder feedback received through that process. Attachment D discusses each of the design guidelines in relation to the staff NEM successor program proposal. Comparison to NEM Successor Rates Adopted in California and Across the Country Table 1 provides a high-level summary of the NEM successor rates that have been adopted in California and other states across the country. The most relevant comparison agencies to CPAU are the listed California POUs. 2 The current version can be found here: http://www.cityofpaloalto.org/civicax/filebank/documents/8083. City of Palo Alto Page 11 Table 1: High-level Summary of Adopted NEM Successor Rates Utility/Regulatory Body Description of Adopted NEM Successor Rate Decision Date CPAU*, Staff Proposal All energy delivered by the utility charged at applicable retail rate, and all energy sent to the grid credited at short-term avoided cost export rate. Under review Turlock Irrigation District* Mandatory time-of-use rate that incorporates time-dependent demand and energy charges and standard fixed customer charge. Dec. 2014 City of Lompoc* Reverted to self-generation rate developed in the 1990s, which charges customers for distribution system costs for all energy generated and consumed on-site. Energy delivered to the customer charged at the applicable retail rate. All energy sent to the grid credited to customer at a wholesale rate. June 2014 Hawaiian PUC All energy delivered by the utility to the customer charged at applicable retail rate with a minimum monthly bill of $25, and all energy sent to the grid credited at a fixed, island-dependent export rate. Customer forfeits any surplus credit at the end of a monthly billing cycle. HPUC also approved another rate option that is available exclusively to customers with solar plus storage systems that do not export to the grid. Oct. 2015 California PUC Continuation of full retail rate compensation. NEM successor customers subject to interconnection charges (est. $75-$150) and certain non-bypassable charges on all energy delivered to the customer (est. 2-3 ¢/kWh). Mandatory time-of-use rate in 2018. Planned NEM successor tariff review in 2019. Jan. 2016 Nevada PUC All energy delivered by the utility charged at applicable retail rate, and all energy sent to the grid credited at a fixed energy rate. Feb. 2016 Modesto Irrigation District* TBD Planned: Summer 2016 * Subject to Proposition 26 Implications of Proposal on Solar Adoption in Palo Alto Staff’s analysis indicates that the proposed NEM successor rate will continue to promote solar adoption due to the following factors: the proposed NEM successor rate continues retail rate City of Palo Alto Page 12 compensation for a significant fraction of the energy generated, solar PV system costs continue to decline year-over-year, the federal investment tax credit for 30% of the total system costs was extended until 2020, and customers can load-shift to enhance the economics of their on- site system if desired. Under this NEM successor proposal, staff expects to still achieve the Council-adopted Local Solar Plan goal of achieving 4% of the City’s energy needs from local solar by 2023. Customer Economics The customer economics of a solar PV system adopted under the proposed NEM successor rate are dependent on a number of factors including: 1) the fraction of energy exported to the grid versus used immediately on-site, 2) the total solar PV system costs, 3) available federal incentives, and 4) other tax implications. Each of these factors is discussed in greater detail below. 1. Fraction of energy exported to the grid vs. used on-site Customers that rarely export energy to the grid would have similar customer economics to systems installed within the NEM cap. On the other hand, if the fraction of energy sent to the grid is significant, it may impact the customer economics. Based on an analysis of CPAU’s NEM solar customers, existing large commercial customers with solar systems rarely export. Therefore, the staff proposal is effectively a continuation of NEM. Given CPAU lacks full advanced meter deployment, residential solar customer data is more limited. The 2013 CPUC- commissioned study of NEM in the IOU service territories indicated that on average 49% of energy from residential systems is exported to the grid from their NEM customers3. Given the higher export fraction for residential customers based on typical load patterns, other economic factors discussed below may become more significant. Furthermore, under the proposed NEM successor rate, customers may decide to load-shift to consume energy concurrently with the solar generation, for instance by installing a behind-the-meter storage system or utilizing programmable or controllable loads. Load-shifting could reduce the fraction of energy exported to the grid and therefore increase the economic return of their solar system. 2. Solar PV system costs As shown in Figure 5, the total solar PV system price has declined substantially in the past decades. As discussed in the report referenced in the figure caption, in the early years, the system price decline is attributed primarily to falling solar PV module costs. Since 2012, given the relatively constant price of solar modules, the recent declines are due to reductions in other total system cost components, including, system design, installation, permitting, interconnection, and marketing and customer acquisition. Industry experts indicate there is opportunity for further cost reductions and forecast continued price declines in the coming three to five years. 3 Draft Net Energy Metering Cost-Effectiveness Evaluation, E3 (2013). (See https://ethree.com/documents/CSI/CPUC_NEM_Draft_Report_9-26-13.pdf accessed February 26, 2016) City of Palo Alto Page 13 Figure 5: Installed prices for residential and non-residential solar systems in the U.S.4 3. Federal incentives for solar Significant federal incentives remain available for both commercial and residential projects. In mid-December 2015, the federal investment tax credit (ITC), which was set to drop from 30% to 10% for commercial systems and to 0% for residential systems at the end of 2016, was extended at the full 30% through the end of 2019, and will be phased downward year-by-year to 10% for commercial projects and 0% for household-owned residential projects in 2022. Commercially-owned projects also receive accelerated depreciation treatment, which, when combined with the 30% ITC, is estimated to make up over 40% of the total system costs5. 4. Other tax implications In addition to the ITC, the tax implications for customer-cited generation installed under the NEM successor rate structure may differ from a system installed within the NEM cap, and may therefore impact the customer economics. Any solar customer under the NEM successor rate who within a given calendar year receives over $600 in payments from CPAU for energy sent to the grid will receive a 1099 tax form. This is equivalent to how CPAU handles compensation paid to customers who elect to cash out their net surplus electricity after a 12-month period. Customers are encouraged to consult their tax advisor or legal counsel regarding tax implications for any distributed energy system, including those installed within the NEM cap or after the NEM cap has been reached. Proposed Transition Policy for Customers within the NEM Cap Transition Period In March 2014, the CPUC ruled that for the IOUs, existing NEM customers and all those who install eligible systems within each IOU’s respective NEM cap are eligible for full retail rate 4 Source of Figure 5 is Tracking the Sun, an annual solar PV cost tracking report produced by the Department of Energy’s Lawrence Berkeley National Laboratory. (See http://newscenter.lbl.gov/2015/08/12/solar-prices-fell- 2015/ accessed February 26, 2016) 5 Private Net Benefits of Residential Solar PV: The Role of Electricity Tariffs, Tax Incentives and Rebates, S. Borenstein (2015). (See https://ei.haas.berkeley.edu/research/papers/WP259.pdf accessed February 29, 2016) City of Palo Alto Page 14 compensation through a 20-year transition period from the date of interconnection. The length of the transition period was determined in part based on an assessment of expected useful life, as indicated by module warranties, power purchase agreements, and third-party financing agreements. To staff’s knowledge, no California POU has adopted a specified time frame that NEM customers remain eligible for NEM. To help promote regulatory certainty and transparency for existing NEM customers who have invested in solar PV systems and for solar developers operating in Palo Alto, staff proposes that existing NEM customers and all eligible customers within the NEM cap in CPAU service territory remain eligible for NEM through a 20- year transition period from the date of system interconnection, matching the transition period adopted by the CPUC for the IOUs. System Expansions Some customers who install systems within the NEM cap may wish to expand their systems after the NEM cap has been reached. The circumstances under which the system could be expanded and remain eligible for NEM are covered by the NEM transition policy. Staff proposes that if the existing NEM system is modified or repaired after the NEM cap is reached, the customer will remain eligible for NEM as long as the system does not increase by more than 10% of the original system size. If the system modification or expansion results in an increase of over 10% of the original system size, the customer would be required to transition to the NEM successor program for the entire system capacity. Allowing system expansion up to a given threshold is broadly in-line with system expansion policies established in the California IOU service territories and Turlock Irrigation District, as shown in Table 2. Adopting this policy would allow a customer to expand their system by a few panels or to replace panels that failed prematurely with higher efficiency panels while still remaining eligible for NEM under the original program terms. Table 2: Existing policies of California utilities for system expansions after the NEM cap has been reached. Utility Description of System Expansion Policy CPAU, Staff Proposal Customers remain eligible for NEM for system expansions within 10% of the original system size. Larger system expansions require the entire system capacity to be transitioned to the NEM successor rate. Turlock Irrigation District Residential customers whose original system size is less than 10 kW may increase their system up to 11 kW total. Residential customers with an original system size of 10 kW or greater and non-residential customers may increase their system by a maximum of 10%. For expansions beyond these thresholds, the customer must transition the entire system capacity to the NEM successor rate. City of Lompoc No existing policy for system expansions. Pacific Gas & Customers may increase the system size up to 10% of the original system size or 1 kW, whichever is greater, and remain eligible for NEM. Customers who wish to City of Palo Alto Page 15 Utility Description of System Expansion Policy Electric expand their systems more may either 1) Meter the added capacity separately under the NEM successor tariff, or 2) elect for the entire system to take service under the NEM successor tariff. San Diego Gas & Electric Customers may increase the system size up to 10% of the original system size and remain eligible for NEM. Customers who wish to expand their systems beyond 10% may either 1) meter the added capacity separately under the NEM successor tariff, or 2) elect for the entire system to take service under the NEM successor tariff. Southern California Edison Customers may increase the system size up to 10% of the original system size or 1 kW, whichever is greater, and remain eligible for NEM. Customers who wish to expand their systems more may either 1) Meter the added capacity separately under the NEM successor tariff, or 2) elect for the entire system to take service under the NEM successor tariff. Commission Review and Recommendation The UAC reviewed staff’s proposal at its April 12, 2016 meeting. Commissioners voiced their support for the staff proposal which discontinues NEM in its present form, in light of concerns such as cost-shifting and the lack of a need to subsidize solar PV given the continued federal incentives and decline in solar system costs in recent years. Commissioners requested clarification on how the credit rate of 7.485 ¢/kWh is calculated, how often it would be updated, and what components are included in the valuation methodology. Staff emphasized that the proposed NEM successor rate is an electric rate, and like all other electric rates is subject to Proposition 26 requirements that rates must be based on the cost to serve. Staff also addressed commissioner questions regarding the differences between the CLEAN feed-in tariff price of 16.5 ¢/kWh and the proposed NEM successor buy-back rate of 7.485 ¢/kWh. The UAC ultimately voted unanimously (5-0) to recommend that Council approve the proposed NEM successor rate and transition policy (Commissioners Ballantine, Cook, Danaher and Schwartz and Chair Foster voting yes, and Commissioners Eglash and Hall absent). The draft minutes from the UAC’s April 12, 2016 meeting are provided as Attachment G. Next Steps The tentative timeline for the review and approval of NEM-related policies and rates is shown below. City of Palo Alto Page 16 Tentative Timeline for Review and Approval of NEM-Related Policies and Rates Description UAC Finance Committee Council Proposed NEM Successor Rate and Transition Policy April 2016 May 2016 June 2016 Update to Net Metering Net Surplus Electricity Compensation Rate (E-NSE-1) June 2016 -- July 2016 Resource Impact Staff has developed an implementation plan to be executed upon adoption of the NEM successor rate to help ensure that CPAU will be ready for customers who install eligible renewable energy systems after the NEM cap has been reached. Implementation of the proposed NEM successor rate requires modifications to current business systems and processes including installing bidirectional electric meters, programming of meter reading devices, training meter reading staff, modifying the format of electric Utilities bills, and revising electric usage billing calculations. Furthermore, all staff must be trained in these new systems and processes. At present, all modifications to systems and processes are planned to utilize existing staff and budget resources. The proposed NEM successor rate is based on the cost to serve, and the credit value would be updated annually to reflect the market value of solar energy, value of the RECs, avoided capacity charges, avoided charges for transmission and ancillary services, and avoided transmission and distribution system losses. Therefore, there would be no direct financial resource impact for eligible systems installed under staff’s proposed NEM successor program. Policy Impact Fulfilling Palo Alto’s NEM legislative requirements and adopting the proposed NEM successor program are consistent with the California Public Utilities Code and state constitutional requirements regarding cost-based rates. Furthermore, adopting a NEM successor rate will add greater market certainty for those interested in installing rooftop solar PV after the NEM cap has been reached. The proposed policy directly supports Strategy #2 of the Local Solar Plan, to “develop proper policies, incentives, price signals and rates to encourage solar installation”. Furthermore, staff analyses indicates the proposed NEM successor rate will support continued uptake of distributed renewable energy technologies in Palo Alto, which further supports the Carbon Neutral Plan, the Local Solar Plan, and the City’s broader environmental sustainability goals, including those set out in the 2011 Utilities Strategic Plan and the 2007 Climate Protection Plan. Environmental Impact The Finance Committee’s review of staff’s proposed NEM successor program and transition policy does not meet the California Environmental Quality Act’s (CEQA) definition of “project” under California Public Resources Code Sec. 21065, thus no environmental review is required. City of Palo Alto Page 17 Attachments:  Attachment A: Resolution to Adopt NEM Successor and Transition Policy (PDF)  Attachment B: Proposed Net Energy Metering Successor Rate Schedule E-EEC-1 (DOCX)  Attachment C-1: Proposed Rule and Reg 2 - redlined (DOCX)  Attachment C-2: Proposed Rule and Reg 29 - redlined (DOC)  Attachment D: Implementation of Council-Adopted NEM Successor Program Design Guidelines (DOCX)  Attachment E: Bill Illustration for Residential Customer with Solar PV System under the Proposed NEM Successor Rate (DOCX)  Attachment F: Energy Freedom Coalition of America Comments to Palo Alto City Council (PDF)  Attachment G: Excerpted Draft UAC Minutes of Apr 12 2016 Meeting (DOCX) Attachment A NOT YET APPROVED 160502 jb 6053741 1 Resolution No. _________ Resolution of the Council of the City of Palo Alto Adopting the Net Energy Metering Successor Rate, Utilities Rate Schedule E-EEC-1 (Export Electricity Compensation); Establishing the Net Energy Metering Transition Policy; and, Amending Rule and Regulation 2 (Definitions and Abbreviations) and Rule and Regulation 29 (Net Energy Metering and Interconnection) R E C I T A L S A. Net Energy Metering (NEM), is a billing arrangement that provides credit to customers for the full retail value of the electricity their system generates. B. State law, California Public Utilities Code Section 2827 et. seq., requires all electric utilities to offer NEM to eligible customers with distributed renewable generation up to a maximum cap. C. Palo Alto’s NEM Cap is 9.5 megawatts (MW) as adopted by Council Resolution 9557. The City’s NEM installations are currently approximately 79% of the proposed 9.5 MW NEM Cap and staff estimates that the City’ NEM Cap will be reached by the end of 2016. Once the NEM Cap is reached, NEM will be closed to new customers and the NEM Successor Rate will become available instead. D. Utilities refer to the terms and conditions for customer-sited, distributed renewable generation installed after the NEM cap has been reached as the NEM successor rate or program. Palo Alto’s NEM Successor Rate is defined by Utilities Rate Schedule E-EEC-1 (Export Electricity Compensation). The E-EEC-1 rate was developed in coordination with the City’s 2016 electric cost of service analysis and may be established by the City Council through its electric utility rate-making authority and processes. E. Formally adopting a cost-based NEM Successor Rate (Rate Schedule E-EEC-1) in Palo Alto will promote greater market certainty and transparency for customers and renewable energy installers operating within the community, and is consistent with both NEM legislative and regulatory obligations and the Council-adopted Local Solar Plan to promote distributed solar projects. F. 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. Updates to Rule and Regulation 2 (Definitions and Abbreviations) and Rule and Regulation 29 (Net Energy Metering and Interconnection) are needed in order to implement the NEM Successor Rate and transition policy. The Council of the City of Palo Alto does hereby RESOLVE as follows: Attachment A NOT YET APPROVED 160502 jb 6053741 2 SECTION 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-EEC-1 (Export Electricity Compensation) is hereby adopted as attached and incorporated. a) Utility Rate Schedule E-EEC-1 shall become effective July 1, 2016. b) The electricity export compensation rate approved by this resolution is based on a detailed analysis of the value of energy exported to the electric grid, including the energy, avoided capacity charges, avoided transmission and ancillary service charges, avoided transmission and distribution system losses, and environmental attributes and was developed in coordination with the City’s 2016 electric cost of service analysis. SECTION 2. The City Council makes the following findings regarding the establishment of a Net Energy Metering transition policy: 1) A Net Energy Metering transition policy which establishes a 20 year transition period and eligible facility expansion rules will promote regulatory certainty and transparency for the City’s existing NEM and NEM Aggregation customers who have invested in solar PV systems, and for solar developers operating in Palo Alto. 2) Setting the transition period at 20 years from the time of eligible facility interconnection matches the transition period adopted by the California Public Utility Commission for investor-owned utilities, and is reasonably based on eligible systems’ expected useful life, module warranties, power purchase agreements, and third-party financing agreements. 3) Allowing eligible facility expansion up to a given threshold will permit existing NEM and NEM Aggregation customers and those installing eligible facilities within the City’s NEM cap to retain their current NEM or NEM Aggregation rate structure in the event that facility panels need replacement or minor expansion, and is broadly in- line with expansion policies in effect in other California utility service territories. SECTION 3. The City Council adopts the following NEM Transition Policy: A) Existing City of Palo Alto Utilities (CPAU) NEM and NEM Aggregation customers and CPAU NEM and NEM Aggregation customers who install eligible renewable electrical generation facilities within the City’s NEM Cap (Resolution 9557) shall remain eligible for Net Energy Metering under the terms and conditions set forth in California Public Utilities Code Section 2827 (effective as of the date of this Resolution’s adoption) for a 20-year transition period from the time of initial facility interconnection, and B) Existing CPAU NEM and NEM Aggregation customers and CPAU NEM and NEM Aggregation customers who install eligible renewable electrical generation facilities within the City’s NEM Cap may expand their eligible renewable electrical generation facilities by up to 10% of the Initial Interconnection Capacity while still remaining eligible for Net Energy Metering, even after the NEM cap has been reached. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rule and Regulation 2 (Definitions and Abbreviations) is hereby amended as attached and incorporated. Utility Rule and Regulation 2, as amended, shall become effective July 1, 2016. SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rule and Regulation 29 (Net Energy Metering and Interconnection) is hereby amended as attached and incorporated. Utility Rule and Regulation 2, as amended, shall become effective July 1, 2016. Attachment A NOT YET APPROVED 160502 jb 6053741 3 SECTION 6. The adoption of Section 1 of resolution 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 Title 14 of the California Code of Regulations 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. The adoption of Sections 3, 4 and 5 of this resolution establishing a transition policy and amending Utility Rules and Regulations does not meet the California Environmental Quality Act’s definition of a “project” under Public Resources Code Section 21065, thus no environmental review is required. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services Attachment B EXPORT ELECTRICITY COMPENSATION UTILITY RATE SCHEDULE E-EEC-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-2016 Sheet No.E-EEC-1 A. APPLICABILITY: This Rate Schedule sets for the Net Energy Metering Successor Rate and applies in conjunction with the otherwise applicable Rate Schedules for each Customer class. This schedule applies to Customer-Generators who are either not eligible for Net Energy Metering or who are eligible for Net Energy Metering but elect to take service under the City’s Net Energy Metering Successor Rate. This Rate Schedule may not apply in conjunction with any time-of-use Rate Schedule. B. TERRITORY: Applies to locations within the service area of the City of Palo Alto. C. RATE: The following buyback rate shall apply to all energy exported to the grid. Per kWh Export electricity compensation rate $0.07485 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 energy delivered and received after the Customer-Generator serves its own instantaneous load. b. CPAU shall bill the Customer-Generator consumption charges for the energy delivered by CPAU to the Customer-Generator based on the Customer-Generator’s applicable rate schedule. c. In the event the energy generated exceeds the energy consumed and therefore is received by CPAU, the Customer will receive a credit for all energy received by CPAU at the buyback rate designated in section C above. 3. Generation facilities shall adhere to Rule and Regulation 27: Generating Facility Interconnections. {End} DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 1 A. ABBREVIATIONS AMR - Automated Meter Reading AER - Advance Engineering Request Btu - British Thermal Unit ccf - Hundred Cubic Feet CEC - California Energy Commission CPAU - City of Palo Alto Utilities CPUC - California Public Utilities Commission. ERU - Equivalent Residential Unit FERC - Federal Energy Regulatory Commission kVar - Kilovar kVarh - Kilovar-hours kW - Kilowatt kWh - Kilowatt-hour MW - Megawatt MMBtu - One million Btus. NEC - National Electric Code, Latest Version NEM - Net Energy Metering NEMA - Net Energy Metering Aggregation NEMIA - Net Energy Metering Interconnection Agreement NRTL - Nationally Recognized Testing Laboratory PAMC - Palo Alto Municipal Code PSIG - Per square inch gauge PST - Pacific Standard Time RWQCP - Regional Water Quality Control Plant UUT - Utilities Users Tax B. GENERAL DEFINITIONS Account The identification number in CPAU’s billing system for Utility Services. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 2 Agency Any local, county, state or federal governmental body or quasi-governmental body, including, without limitation, the CPUC, the FERC and any joint powers agency, but excluding the City and any board, commission or council of the City. Aggregation Customer A Customer with a Renewable Electrical Generation Facility wishing to install an eligible Renewable Electrical Generation Facility that is sized to offset separately metered electric loads on adjacent or contiguous properties that are solely owned, leased, or rented by them, and who have signed the Net Energy Metering Interconnection Agreement for NEM Aggregation. Applicant An individual, corporation, partnership, Agency, or other legal entity or authorized agent of same, requesting CPAU to supply any or all of the following: 1. Electric Service 2. Water Service 3. Gas Service 4. Wastewater Collection 5. Refuse Service 6. Storm and Surface Water Drainage Service 7. Fiber Optics Service Or, an entity submitting an Application for Interconnection pursuant to Rule 27. Application (for Interconnection of Generating Facilities) An approved standard form (Load Sheet) submitted to CPAU for Interconnection of a Generating Facility. Beneficiary Account The Electric Service Meter(s) serviced by an Aggregation Customer’s Generating Facility, as listed on the Aggregation Customer’s NEMA-IA form. Bidweek Price Index The price reported in Natural Gas Intelligence “NGI’s Bidweek Survey”, California “PG&E Citygate” under the column “avg.” for the calendar month. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 3 Billing Period Also “service period” or “billing cycle”. The normal Billing Period for CPAU Customers is approximately 30 days, with variations occurring due to staff availability, holiday scheduling, field verification of Meter readings, or any other billing-related issues requiring additional investigation prior to issuance of the bill.. British Thermal Unit Also “Btu”. The standard sub-unit of measurement comprising a Therm of natural Gas. One (1) Therm equals 100,000 Btu. Business Day Any day, except a Saturday, Sunday, or any day observed as a legal holiday by the City. Certification Test A test pursuant to Rule 27 that verifies conformance of certain equipment with approved performance standards in order to be classified as Certified Equipment. Certification Tests are performed by NRTLs. Certification; Certified; Certificate The documented results of a successful Certification Test. Certified Equipment Equipment that has passed all required Certification Tests. Charge Any assessment, cost, fee, surcharge or levy for Utility Service other than a Tax, including metered and unmetered Utility Service, capacity, connections, construction, penalties, and mandated or required Customer financial obligations for Service. Charter The Charter of the City of Palo Alto. City Attorney The individual designated as the City Attorney of the City under Section 2.08.120 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is designated the representative of the City Attorney. City’s Collector The Person(s) authorized under Section 5.20.040 of the Palo Alto Municipal Code to provide collection, DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 4 processing and disposal of solid waste, Compostable Materials and Recyclable Materials pursuant to one or more written contracts with the City. City Manager The individual designated as the City Manager of the City under Section 2.08.140 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is designated the representative of the City Manager. City of Palo Alto, or City The government of the City of Palo Alto, a chartered City and a municipal corporation duly organized and validly existing under the Laws of the State of California, with a principal place of business located at 250 Hamilton Avenue, Palo Alto, County of Santa Clara. For the purposes of these Rules and Regulations, the term “City” may include services provided by both the City of Palo Alto Utilities Department and the City of Palo Alto Public Works Department. City of Palo Alto Public Works Department (Public Works) The City Department responsible for providing Refuse Service, Wastewater Treatment and Storm and Surface Water Drainage Utility Services. Other Utility Services such as Water, Gas, Electric, Wastewater Collection, and Fiber Optics are provided by the City of Palo Alto Utilities Department. City of Palo Alto Utilities Department (CPAU) The City Department responsible for providing Water, Gas, Electric, Wastewater Collection and Fiber Optic Utility Services. Other Utility Services such as Refuse Service, Wastewater Treatment and Storm and Surface Water Drainage are provided by the City of Palo Alto Public Works Department. Code The words "the Code" or "this Code" shall mean the Palo Alto Municipal Code. Commercial Service Commercial Utility Service is provided to businesses, non-profit organizations, public institutions, and industrial Customers. The term also applies to Utility Services through Master Meters serving multi- family Residential dwellings and common areas of multi-family facilities. Compostable Materials Organic materials designated by the City as acceptable for collection and processing. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 5 Container Any receptacle used for storage of solid waste, Recyclable Materials, Compostable Materials or other materials designated by the City to be collected by the City’s Collector. Examples of containers include carts, bins, compactors and drop boxes. Cubic Foot of Gas (cf) The quantity of Gas that, at a temperature of sixty (60) degrees Fahrenheit and a pressure of 14.73 pounds per square inch absolute, occupies one cubic foot. Curtailment The act of reducing or interrupting the delivery of natural Gas. Customer The Person, corporation, Agency, or entity that receives or is entitled to receive Utility Service(s) from the City of Palo Alto, or in whose name Service is rendered for a particular Account as evidenced by the signature on the Application, contract, or agreement for Service. In the absence of a signed instrument, a Customer shall be identified by the receipt of any payment of bills regularly issued in the name of the Person, corporation, or Agency regardless of the identity of the actual user of the Utility Service(s). Customer-Generator: An “eligible customer-generator,” as that term is defined by the California Public Utilities Code section 2827, as the same may be amended from time to time. Dark Fiber A Fiber Optic cable provided to end-users or resellers by CPAU without any of the light transmitters, receivers, or electronics required for telecommunications over the Fiber. Infrastructure for Fiber Optic activation is provided by the reseller or end-user. Dark Fiber Infrastructure Components of the CPAU Fiber Optic Distribution System required to provide Service to Customers (licensees), that are attached, owned, controlled or used by the City, located overhead or underground within the Public Right-of-Way, the Public Utility Easements and Leased Service Properties. Dedicated Distribution Transformer A Distribution Transformer that is dedicated to serving a single premise. Demand The highest rate of delivery of Electric energy, measured in Kilowatts (kW) or kilovolt amperes (kVA) DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 6 occurring instantaneously or registered over a fixed time period (normally fifteen minutes unless otherwise specified within a monthly billing cycle). Demand Charge An electrical Charge or rate that is applied to a metered Demand reading expressed in Kilowatts to compute a Demand Charge component of a Customer’s Electric bill. Demarcation Point The Demarcation Point for a project shall be the Customer side of the panel onto which the CPAU Fiber terminates within the Customer Premises, unless otherwise specified in the Proposal for Dark Fiber Services. Distribution Services Includes, but is not limited to, Utility Service provided by the Distribution System and other Services such as billing, meter reading, administration, marketing, and Customer Services. Does not include Services directly related to the Interconnection of a Generating Facility as per Rule 27. Distribution System The infrastructure owned and operated by CPAU which is capable of transmitting electrical power, other than Interconnection Facilities, or transporting Water, Wastewater, or Gas within the City of Palo Alto. The Electric Distribution System transmits power from the City’s Interconnection with PG&E to CPAU’s Meter located on the Customer’s Premises. The Gas Distribution System transports Gas from PG&E receiving stations to CPAU’s Meter located on the Customer Premises. The Water Distribution System transports Water from the San Francisco Water Department receiving stations and CPAU wells to the meter located on the Customer Premises. The Wastewater Collection System transports sewage from the Customer’s Premises to the Water Quality Control Plant. Effluent Treated or untreated Wastewater flowing out of a Wastewater treatment facility, sewer, or industrial outfall. Electric, Electric Service Utility Service provided to residents and business owners in the City of Palo Alto consisting of generation, transmission, and distribution of electrical power for retail use. Electric Service is provided by the City of Palo Alto Utilities Department. Emergency An actual or imminent condition or situation, which jeopardizes CPAU’s Distribution System Integrity. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 7 Emergency Service Electric Service supplied to, or made available to, Load devices which are operated only in Emergency situations or in testing for same. Energy Services Energy commodity and any applicable ancillary Services used to generate and transport such commodity from its origin to the City’s Point of Receipt. May also mean the sale of value added Services associated or related to the Provision and/or usage of energy commodity. Equivalent Residential Unit (ERU) This is the basic unit for computing storm and surface water drainage fees. All single-family Residential properties are billed the number of ERU’s specified in the table contained in Utility Rate Schedule D-1, according to parcel size. All other properties have ERU's computed to the nearest 1/10 ERU using this formula: No. Of ERU = Impervious Area (sq. ft.) / 2,500 sq. ft. Fiber Optic, Fiber Optic Service A solid core of optical transmission material. Fiber Optic Service that is provided by the City of Palo Alto Utilities Department is referred to as Dark Fiber. Fiber Optic Backbone The high-density portion of the Dark Fiber Infrastructure installed and owned by the City. Force Majeure The occurrence of any event that has, had or may have an adverse effect on the design, construction, installation, management, operation, testing, use or enjoyment of the City’s Utility Services, which is beyond the reasonable control of the parties and which event includes, but is not limited to, an Act of God, an irresistible superhuman cause, an act of a superior governmental authority, an act of a public enemy, a labor dispute or strike or a boycott which could not be reasonably contemplated by the City or Customer affected thereby, a defect in manufactured equipment (including, but not limited to, the Dark Fibers), fire, floods, earthquakes, or any other similar cause. Function Some combination of hardware and software designed to provide specific features or capabilities. Its use, as in Protective Function, is intended to encompass a range of implementations from a single- purpose device to a section of software and specific pieces of hardware within a larger piece of equipment to a collection of devices and software. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 8 Gas Any combustible gas or vapor, or combustible mixture of gaseous constituents used to produce heat by burning. It shall include, but not be limited to, natural gas, gas manufactured from coal or oil, gas obtained from biomass or from landfill, or a mixture of any or all of the above. Gas, Gas Service Utility Service provided to residents and business owners in the City of Palo Alto consisting of procurement, transmission, and distribution of Gas for retail use. Gas Service is provided by the City of Palo Alto Utilities Department. Generating Facility All Generators, electrical wires, equipment, and other facilities owned or provided by Producer for the purpose of producing Electric power. This includes a solar or wind turbine Renewable Electrical Generation Facility that is the subject of a Net Energy Metering and Interconnection Agreement and Rule and Regulation 29. Generator A device converting mechanical, chemical or solar energy into electrical energy, including all of its protective and control Functions and structural appurtenances. One or more Generators comprise a Generating Facility. Gross Nameplate Rating; Gross Nameplate Capacity The total gross generating capacity of a Generator or Generating Facility as designated by the manufacturer(s) of the Generator(s). Initial Interconnection Capacity The maximum rated generating capacity of a Renewable Electrical Generation Facility eligible for Net Energy Metering prior to the City’s Total Rated Generating Capacity exceeding the NEM Cap. Initial Review The review by CPAU, following receipt of an Application, to determine the following: (a) whether the Generating Facility qualifies for Simplified Interconnection; or (b) if the Generating Facility can be made to qualify for Interconnection with a Supplemental Review determining any additional requirements. Inspector The authorized Inspector, agent, or representative of CPAU. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 9 Interconnection; Interconnected The physical connection of a Generating Facility in accordance with the requirements of the City’s Utilities Rules and Regulations so that Parallel Operation with CPAU’s Distribution System can occur (has occurred). Interconnection Agreement An agreement between CPAU and the Producer providing for the Interconnection of a Generating Facility that gives certain rights and obligations to effect or end Interconnection. For the purposes of the City’s Utilities Rules and Regulations, the Net Energy Metering and Interconnection Agreement (for NEM and NEM Aggregation Customers), and the Power Purchase Agreements authorized by the City Council may be considered as Interconnection Agreements for purposes of defining such term. Interconnection Facilities The electrical wires, switches and related equipment that are required in addition to the facilities required to provide Electric Distribution Service to a Customer to allow Interconnection. Interconnection Facilities may be located on either side of the Point of Common Coupling as appropriate to their purpose and design. Interconnection Facilities may be integral to a Generating Facility or provided separately. Interconnection Study A study to establish the requirements for Interconnection of a Generating Facility with CPAU’s Distribution System. Internet Exchange Any Internet data center for telecommunications equipment and computer equipment for the purposes of enabling traffic exchange and providing commercial-grade data center services. Island; Islanding A condition on CPAU’s Electric Distribution System in which one or more Generating Facilities deliver power to Customers using a portion of CPAU’s Distribution System that is electrically isolated from the remainder of CPAU’s Distribution System. Junction A location on the Dark Fiber Infrastructure where equipment is installed for the purpose of connecting communication cables. Junction Site The area within the Transmission Pathway at which a Junction is located. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 10 Kilovar (kVar) A unit of reactive power equal to 1,000 reactive volt-amperes. Kilovar-hours (kVarh) The amount of reactive flow in one hour, at a constant rate of Kilovar. Kilowatt (kW) A unit of power equal to 1,000 watts. Kilowatt-hour (kWh) The amount of energy delivered in one hour, when delivery is at a constant rate of one Kilowatt; a standard unit of billing for electrical energy. Law Any administrative or judicial act, decision, bill, Certificate, Charter, Code, constitution, opinion, order, ordinance, policy, procedure, Rate, Regulation, resolution, Rule, Schedule, specification, statute, tariff, or other requirement of any district, local, municipal, county, joint powers, state, or federal Agency, or any other Agency having joint or several jurisdiction over the City of Palo Alto or City of Palo Alto Utilities or Public Works Customers, including, without limitation, any regulation or order of an official or quasi-official entity or body. Licensed Fibers One or more fibers comprising a part of the Dark Fiber Infrastructure that are dedicated to the exclusive use of the Customer under the Provisions of the Dark Fiber License Agreement, Proposal to Dark Fiber Services Agreement and the Utilities Rules and Regulations. Licensed Fibers Route A defined path of Licensed Fibers that is identified by specific End Points. Load(s) The Electric power Demand (kW) of the Customer at its Service Address within a measured period of time, normally 15 minutes, or the quantity of Gas required by a Customer at its Service Address, measured in MMBtu per Day. Main Wastewater Line Any Wastewater line not including a building connection (Service) sewer. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 11 Master-metering Where CPAU installs one Service and Meter to supply more than one residence, apartment dwelling unit, mobile home space, store, or office. Maximum Generation For a customer with a non-utility generator located on the customer’s side of the Point of Common Coupling, the Maximum Generation for that non-utility generator during any billing period is the maximum average generation in kilowatts taken during any 15-minute interval in that billing period provided that in case the generator output is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. Meter The instrument owned and maintained by CPAU that is used for measuring either the Electricity, Gas or Water delivered to the Customer. Metering The measurement of electrical power flow in kW and/or energy in kWh, and, if necessary, reactive power in kVar at a point, and its display to CPAU as required by Rule 27. Metering Equipment All equipment, hardware, software including Meter cabinets, conduit, etc., that are necessary for Metering. Meter Read The recording of usage data from Metering Equipment. Minimum Charge The least amount for which Service will be rendered in accordance with the Rate Schedule. Momentary Parallel Operation The Interconnection of a Generating Facility to the Distribution System for one second (60 cycles) or less. Nationally Recognized Testing Laboratory (NRTL) A laboratory accredited to perform the Certification Testing requirements under Rule 27. Net Electricity Consumer A Customer-Generator whose Generating Facility produces less electricity than is supplied by CPAU DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 12 during a particular period, as such definition may otherwise be modified or supplemented by any definition in California Public Utilities Code section 2827(h)(2), as the same may be amended from time to time. Net Energy Metering Net Energy Metering means measuring the difference between the electricity supplied through CPAU’s Electric utility Distribution System and the electricity generated by the customer-generator’s facility and delivered to CPAU’s Electric utility Distribution System over a specified twelve-month period. This definition does not apply to Customers subject to the Net Energy Metering Successor Rate. Net Energy Metering Cap (NEM Cap) Five (5) percent of the historical system peak of 190 MW from 2006, or 9.5 MW, using the CEC’s Alternating Current (AC) capacity rating. Where the CEC AC rating is not available, CPAU will multiply the inverter AC nameplate rating by 0.86. Net Energy Metering Successor Program, or Net Energy Metering Successor Rate The terms and conditions for Customer-Generators whose Renewable Electrical Generation Facilities are installed after the Council-adopted NEM Cap has been reached, or Customers-Generators who are eligible for Net Energy Metering but elect to take service under the Net Energy Metering Successor Rate. NEM Successor Rate terms and conditions are defined by Utilities Rate Schedule E-EEC-1 (Export Electricity Compensation). Net Generation Metering Metering of the net electrical power of energy output in kW or energy in kWh, from a given Generating Facility. This may also be the measurement of the difference between the total electrical energy produced by a Generator and the electrical energy consumed by the auxiliary equipment necessary to operate the Generator. Net Nameplate Rating The Gross Nameplate Rating minus the consumption of electrical power of a Generator or Generating Facility as designated by the manufacturer(s) of the Generator(s). Net Surplus Customer-Generator A Customer-Generator who’s Generating Facility produces more electricity than is supplied by CPAU, during a particular period, as such definition may otherwise be modified or supplemented by any definition in California Public Utilities Code section 2827(h)(3), as the same may be amended from time to time. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 13 Net Surplus Electricity Compensation A per kilowatt hour rate offered by CPAU to the Net Surplus Customer-Generators (excluding Aggregation Customers) for net surplus electricity, as such definition may otherwise be modified or supplemented by any definition in California Public Utilities Code section 2827(b)(8), as the same may be amended from time to time. The Net Surplus Electricity Compensation Rate is applicable only to Customer-Generators who are eligible for Net Energy Metering and are subject to Rule and Regulation 29; this Rate does not apply to Customer-Generators taking service under the NEM Successor Rate. Non-Islanding Designed to detect and disconnect from an Unintended Island with matched Load and generation. Reliance solely on under/over voltage and frequency trip is not considered sufficient to qualify as Non- Islanding. Occupied Domestic Dwelling Any house, cottage, flat, or apartment unit having a kitchen, bath, and sleeping facilities, which is occupied by a Person or Persons. Parallel Operation The simultaneous operation of a Generator with power delivered or received by CPAU while Interconnected. For the purpose of this Rule, Parallel Operation includes only those Generating Facilities that are Interconnected with CPAU’s Distribution System for more than 60 cycles (one second). Performance Test, Performance Tested After the completion of any Fiber Interconnection work, the City will conduct a Performance Test of each Fiber constituting a part of the proposed leased fibers to determine its compliance with the Performance Specifications. Performance Specifications These specifications will include, but not be limited to, criteria relating to end-to-end optical time domain reflectometer data plots that identify the light optical transmission losses in each direction along the leased fibers whenever the testing is possible, measured in decibels at a wavelength of 1310 or 1550 nanometers for singlemode Fiber, as a Function of distance, measured in kilometers. Person Any individual, for profit corporation, nonprofit corporation, limited liability company, partnership, limited liability partnership, joint venture, business, family or testamentary trust, sole proprietorship, or DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 14 other form of business association. PG&E Citygate The PG&E Citygate is the point at which PG&E’s backbone transmission system connects to PG&E’s local transmission system. Point of Common Coupling (PCC) The transfer point for electricity between the electrical conductors of CPAU and the electrical conductors of the Producer. Point of Common Coupling Metering Metering located at the Point of Common Coupling. This is the same Metering as Net Generation Metering for Generating Facilities with no host load. Point of Delivery (POD) Unless otherwise specified, the following definitions apply: For Electric, that location where the Service lateral conductors connect to the Customer’s Service entrance equipment; for overhead Services, the POD is at the weather-head connection; for under-ground Services, the POD is located at the terminals ahead of or at the Meter; for multiple Meter arrangements with connections in a gutter, the POD is at the Meter terminals (supply-side); for multiple Meter arrangements in a switchboard, the POD is typically at the connectors in the utility entrance section; for Natural Gas, the POD is the point(s) on the Distribution System where the City delivers natural Gas that it has transported to the Customer. Point of Interconnection The electrical transfer point between a Generating Facility and the Distribution System. This may or may not be coincident with the Point of Common Coupling. Point of Service (POS) Where CPAU connects the Electric Service lateral to its Distribution System. For Fiber Optics Service, this is where CPAU connects the Fiber Service to the backbone. This point is usually a box located in or near the street or sidewalk and can be in the Public Right-of-Way. This point is at a mutually agreed upon location established at the time of installation. Pole Line Overhead wires and overhead structures, including poles, towers, support wires, conductors, guys, studs, platforms, cross arms braces, transformers, insulators, cutouts, switches, communication circuits, appliances attachments, and appurtenances, located above ground and used or useful in supplying Electric, communication, or similar or associated Service. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 15 Power Factor The percent of total power delivery (kVA) which does useful work. For billing purposes, average Power Factor is calculated from a trigonometric function of the ratio of reactive kilovolt-ampere-hours to the Kilowatt-hours consumed during the billing month. Power Factor is a ratio that reflects the reactive power used by a Customer. CPAU maintains an overall system Power Factor above 95% to reduce distribution system losses caused by low Power Factor. Power Factor Adjustment CPAU must install additional equipment to correct for Customers that maintain a low Power Factor, and may make a Power Factor Adjustment to a Customer’s bill to account for those costs and the additional energy costs and losses incurred by CPAU due to the Customer’s low Power Factor. Premises All structures, apparatus, or portion thereof occupied or operated by an individual(s), a family, or a business enterprise, and situated on an integral parcel of land undivided by a public street, highway, or railway. Primary Service CPAU Electric distribution Service provided to a Customer’s Premises at a voltage level equal to or greater than 1000 volts. Producer The entity that executes an Interconnection Agreement with CPAU. The Producer may or may not own or operate the Generating Facility, but is responsible for the rights and obligations related to the Interconnection Agreement. Proposal for Dark Fiber Services A project-specific Service agreement that acts as a supplemental document for the Dark Fiber License Agreement. This Service agreement shall include the proposed Interconnection fees, applicable Fiber licensing fees, term of the Service, and summary of licensed Fiber elements. Protective Function(s) The equipment, hardware and/or software in a Generating Facility (whether discrete or integrated with other Functions) whose purpose is to protect against Unsafe Operating Conditions. Provision Any agreement, circumstance, clause, condition, covenant, fact, objective, qualification, restriction, DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 16 recital, reservation, representation, term, warranty, or other stipulation in a contract or in Law that defines or otherwise controls, establishes, or limits the performance required or permitted by any party. Prudent Utility Practices The methods, protocols, and procedures that are currently used or employed by utilities to design, engineer, select, construct, operate and maintain facilities in a dependable, reliable, safe, efficient and economic manner. Public Right-of-Way The areas owned, occupied or used by the City for the purposes of furnishing retail and/or wholesale Electricity, Gas, Water, Wastewater, Storm and Surface Water Drainage, Refuse Service or communications commodity and/or distribution Service, and the means of public transportation, to the general public, including but not limited to, the public alleys, avenues, boulevards, courts, curbs, gutters, lanes, places, roads, sidewalks, sidewalk planter areas, streets, and ways. Public Utility Easements The areas occupied or used by the City for the purpose of providing Utility Service to the general public, and all related Services offered by the City’s Utilities Department and/or Public Works Department, the rights of which were acquired by easements appurtenant or in gross, or are other interests or estates in real property, or are the highest use permitted to be granted by the nature of the City’s interest in and to the affected real property. This term incorporates all public Service easements for Utility Services that have been recorded by the City with the Recorder of the County of Santa Clara, California. Public Works Department See City of Palo Alto Public Works Department. Rate Schedule One or more Council-adopted documents setting forth the Charges and conditions for a particular class or type of Utility Service. A Rate Schedule includes wording such as Schedule number, title, class of Service, applicability, territory, rates, conditions, and references to Rules. Recyclable Materials Materials designated by the City as acceptable for recycling collection and processing. Refuse Service Refuse Service includes weekly collection, processing and disposal of materials properly deposited in the City Collector’s provided Containers for solid waste, as well as weekly collection and processing of Recyclable Materials, weekly collection and processing of Compostable Materials, ongoing maintenance DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 17 of the closed Palo Alto Landfill, zero waste programs, street sweeping service, the household hazardous waste program, and the annual Clean Up Day. Renewable Electrical Generation Facility A Generation Facility eligible for NEM under California Public Utilities Code section 2827 et seq. as the same may be amended from time to time. Reserved Capacity For a customer with one or more non-utility generators located on the customer’s side of the Point of Common Coupling, the Reserved Capacity for each billing period is the lesser of 1) the sum of the Maximum Generation for that period for all non-utility generation sources; or 2) the maximum average customer demand in kilowatts taken during any 15-minute interval in the billing period provided that in case the load is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. Residential Service Utility Service provided to separately metered single family or multi-family, domestic dwelling. Rules and Regulations See Utilities Rules and Regulations Scheduling Coordinator An entity providing the coordination of power schedules and nominations to effect transportation and distribution of Gas, Electric power and energy. Secondary Service CPAU Electric distribution Service provided to a Customer’s Premises at a voltage level less than 1000 volts. Service(s) Utility Services offered by the City of Palo Alto include Electric, Fiber Optics, Gas, Water, Wastewater Collection services provided by the Utilities Department (CPAU); and Refuse Service, Wastewater Treatment, and Storm and Surface Water Drainage Services provided by the Public Works Department. Service Address The official physical address of the building or facility assigned by CPAU’s Planning Department, at which Customer receives Utility Services. Service Charge DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 18 A fixed monthly Charge applicable on certain Rate Schedules that does not vary with consumption. The Charge is intended to recover a portion of certain fixed costs. Service Drop The overhead Electric Service conductors from the last pole or other aerial support to and including the splices, if any, connecting to the service entrance conductors at the building or other structure. Or, in the case of Fiber Optic Drops, the overhead Fiber Optics cable from the last pole or other aerial support to the building or other structure to and including the termination box. Services or Service Lines Facilities of CPAU, excluding transformers and Meters, between CPAU’s infrastructure and the Point of Delivery to the Customer. Service Territory The geographic boundaries within the City of Palo Alto limits served by the physical Distribution System of the CPAU. Short Circuit (Current) Contribution Ratio (SCCR) The ratio of the Generating Facility’s short circuit contribution to the short circuit contribution provided through CPAU’s Distribution System for a three-phase fault at the high voltage side of the distribution transformer connecting the Generating Facility to CPAU’s system. Simplified Interconnection An Interconnection conforming to the minimum requirements as determined under Rule 27, Section I. Single Line Diagram; Single Line Drawing A schematic drawing, showing the major Electric switchgear, Protective Function devices, wires, Generators, transformers and other devices, providing sufficient detail to communicate to a qualified engineer the essential design and safety of the system being considered. Special Facilities See CPAU’s Rule and Regulation 20 governing Special Facilities. Splice A point where two separate sections of Fiber are physically connected. Standard Refuse Container A Standard Refuse Container shall have the meaning described in the Palo Alto Municipal Code. A DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 19 Standard Container shall also include a wheeled container with a capacity of not to exceed 32 gallons. Standby Service Back-up Energy Services provided by CPAU. Storm and Surface Water Drainage Utility Service provided to residents and business owners in the City of Palo Alto. Storm and Surface Water Drainage Service is provided by the City of Palo Alto Public Works Department. Supplemental Review A process wherein CPAU further reviews an Application that fails one or more of the Initial Review Process screens. The Supplemental Review may result in one of the following: (a) approval of Interconnection; (b) approval of Interconnection with additional requirements; or (c) cost and schedule for an Interconnection Study. System Integrity The condition under which a Distribution System is deemed safe and can reliably perform its intended Functions in accordance with the safety and reliability rules of CPAU. Tax Any assessment, Charge, imposition, license, or levy (including any Utility Users Tax) and imposed by any Agency, including the City. Telemetering The electrical or electronic transmittal of Metering data in real-time to CPAU. Temporary Service Service requested for limited period of time or of indeterminate duration such as, but not limited to, Service to provide power for construction, seasonal sales lots (Christmas trees), carnivals, rock crushers or paving plants. Temporary Service does not include Emergency, breakdown, or Standby Service. Therm A Therm is a unit of heat energy equal to 100,000 British Thermal Units (Btu). It is approximately the energy equivalent of burning 100 cubic feet (often referred to as 1 ccf) of natural Gas. Since Meters measure volume and not energy content, a Therm factor is used to convert the volume of Gas used to its heat equivalent, and thus calculate the actual energy use. The Therm factor is usually in the units therms/ccf. It will vary with the mix of hydrocarbons in the natural Gas. Natural Gas with a higher than DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 20 average concentration of ethane, propane or butane will have a higher Therm factor. Impurities, such as carbon dioxide or nitrogen lower the Therm factor. Total Rated Generating Capacity Total Rated Generating Capacity will be calculated as the sum of the rated generating capacity of all installed Renewable Electrical Generation Facilities participating in NEM or NEM Aggregation. The rated generating capacity for each individual Renewable Electrical Generation Facility participating in NEM or NEM Aggregation will be calculated as follows: 1. For Solar: For each Renewable Electrical Generation Facility that is a solar photovoltaic generating facility, CPAU will use the CEC’s Alternating Current (AC) rating; or where the CEC AC rating is not available, CPAU will multiply the inverter AC nameplate rating by 0.86; and 2. For Non-Solar: For all other Renewable Electrical Generation Facilities, CPAU will use the AC nameplate rating of the generating facility. Transfer Trip A Protective Function that trips a Generating Facility remotely by means of an automated communications link controlled by CPAU. Transmission Pathway Those areas of the Public Right-of-Way, the Public Utility Easements and the Leased Service Properties in which the Dark Fiber Infrastructure is located. Trap Any approved equipment or appliance for sealing an outlet from a house-connection sewer to prevent the escape of sewer Gas from a main line through a building connection (service) sewer. Underground Utility District An area in the City within which poles, overhead electric or telecommunication wires, and associated overhead structures are prohibited or as otherwise defined in Section 12.04.050 of the PAMC. Unintended Island The creation of an Island, usually following a loss of a portion of CPAU’s Distribution System, without the approval of CPAU. Unsafe Operating Conditions DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 21 Conditions that, if left uncorrected, could result in harm to personnel, damage to equipment, loss of System Integrity or operation outside pre-established parameters required by the Interconnection Agreement. Utilities Department See City of Palo Alto Utilities Department. Utilities Director The individual designated as the Director of Utilities Department under Section 2.08.200 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is designated the representative of the director of utilities. Utility(ies) Rules and Regulations, Rules and Regulations The compendium of Utilities Rules and Regulations prepared by the City’s Utilities and Public Works Departments and adopted by ordinance or resolution of the Council pursuant to Chapter 12.20 of the Palo Alto Municipal Code, as amended from time to time. Utility(ies) Service(s), Service(s) Electric, Fiber optics, Water, Gas, Wastewater collection services provided by the City of Palo Alto Utilities Department (CPAU) and Refuse Service, Wastewater Treatment and Storm and Surface Water Drainage services provided by the City of Palo Alto Public Works Department. Utilities User Tax (UUT) City of Palo Alto Tax imposed on Utility Charges to a Water, Gas, and/or Electric Service user. This may include Charges made for Electricity, Gas, and Water and Charges for Service including Customer Charges, Service Charges, Standby Charges, Charges for Temporary Services, Demand Charges, and annual and monthly Charges, as described in Chapter 2.35 of the Palo Alto Municipal Code. Wastewater Utility Service provided to residents and business owners in the City of Palo Alto. Wastewater Utility Services include collection and treatment of Wastewater. Wastewater Collection Service is provided by the City of Palo Alto Utilities Department, and Wastewater Treatment Service is provided by the City of Palo Alto Public Works Department. Water Utility Service provided to residents and business owners in the City of Palo Alto for retail use. Water Service is provided by the City of Palo Alto Utilities Department. DEFINITIONS AND ABBREVIATIONS RULE AND REGULATION 2 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No 22 Water Column (WC) Pressure unit based on the difference in inches between the heights of water columns as measured in a manometer. 6” WC = 0.217 psi; 7” WC = 0.25 psi. (END) NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 1 A. APPLICABILITY This Rule and Regulation is applicable to any City of Palo Alto Utilities (“CPAU”) Customer that is an eligible Customer-Generator under the California Public Utilities Code that desireseligible to participate in Net Energy Metering (“NEM”) or Net Energy Metering Aggregation (“NEM Aggregation”) with via the use of a Renewable Electrical Generation Facility, not to exceed 1 MW, located on the Customer’s owned, leased, or rented premises within CPAU service territory to that will operate in parallel with the CPAU distribution system, so long as there is availability remaining within the NEM Cap, as defined in Rule 2. This Rule and Regulation does not apply to Customer- Generators who participate in the City’s Net Energy Metering Successor Program. B. SCOPE Notwithstanding the requirements and charges set forth in this Rule 29, CPAU reserves the right to impose any requirements set forth in Rule 27 that are additional to or more stringent than those set forth in this Rule 29, including those related to billing and charges, on NEM and NEM Aggregation Customers to the maximum extent permitted by state law (Cal. Pub. Util. Code § 2827 et seq., as the same may be amended from time to time). C. CUSTOMER ELIGIBILITY 1. General Requirements. In order to be eligible to participate in NEM or NEM Aggregation, a Customer must: a. Be a Customer-Generator, pursuant to the definition set forth in Rule and Regulation 2. b. Construct, design, install, interconnect, operate and maintain a Renewable Electrical Generation Facility (or combination of such facilities) that is: i. On the Customer-Generator’s owned, leased or rented Premises, ii. Of a total capacity of not more than one (1) MW (or 1,000 kW), iii. Intended primarily to offset part or all of the Customer-Generator’s own Electric Service requirements, and NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 2 iv. Is not used to sell to any third person, or otherwise provide Electric Service to any real estate parcel, premise, or location other than those that are the subject of the Customer-Generator’s Interconnection Agreement (IA). c. Complete and provide CPAU with all required agreements, supporting documents, and any payments related to interconnection. 2. NEM Cap. a) Eligibility for NEM and NEM Aggregation. NEM and NEM Aggregation is available on a first-come, first served basis. Customers shall remain eligible for NEM and NEM Aggregation until such time as the Total Rated Generating Capacity used by NEM and NEM Aggregation Customers combined reaches CPAU’s NEM Cap. NEM is available on a first-come, first-served basis. Once the NEM Cap has been reached, NEM Service and Interconnection this Rule and Regulation will be closed to new cCustomers. Customer-Generators installed after the NEM Cap has been reached will be subject to the Net Energy Metering Successor Rate. a)b) System Expansions. Customer-Generators eligible for NEM or NEM Aggregation may increase the system capacity of their Renewable Electrical Generation Facilities by a maximum of 10% of the Initial Interconnectino Capacity after the NEM Cap has been reached. Customers whose system modifications or expansions exceed this limit will no longer be eligible for NEM or NEM Aggregation, and will be subject to the Net Energy Metering Successor Rate. 3. Additional Requirements for NEM Aggregation. In addition to those eligibility requirements set forth in Section 1(a) of this Rule and Regulation 29, a CPAU Customer is only eligible to participate in NEM Aggregation where: a. The Customer-Generator elects to aggregate Electric Service of the meters located on the property where the Renewable Electrical Generation Facility is located NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 3 across properties that are adjacent or contiguous with that property; and b. All properties across which the Customer-Generator elects to aggregate are solely owned, leased, or rented by the eligible Customer. 4. NEM Transition Period. Customers eligible for NEM or NEM Aggregation remain subject to the requirements and charges set forth in this Rule 29 through a period of twenty (20) years from the original date of Interconnection of the eligible Renewable Energy Generating Facility. D. BILLING FOR NEM 1. General Rules a. Twelve Month True Up Period i. At the end of each twelve-month period following: aa. The date of Interconnection of the Renewable Electrical Generation Facility, or bb. For a Customer with a date of Interconnection of the Generating Facility commencing prior to February 1, 2010, the day after CPAU’s receipt of the Customer’s net surplus electricity election form, ii. CPAU will determine whether the Customer-Generator is a Net Electricity Consumer or a Net Surplus Customer-Generator during that period. b. CPAU will bill the Customer-Generator for the electricity used during that twelve- month period, whether the Customer-Generator is considered a Net Electricity Consumer or a Net Surplus Customer-Generator. c. CPAU shall provide the Customer-Generator with net electricity consumption information with each monthly bill; that information shall include either the current monetary balance owed to CPAU or the current amount of excess electricity NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 4 produced since the last twelve-month period. d. If the Customer-Generator terminates the contractual relationship with CPAU, then CPAU shall reconcile the Customer-Generator’s consumption and production of electricity during any part of the twelve-month period following the last annual settlement and reconciliation, using the procedures as outlined in this Rule. e. For a Customer-Generator who has submitted an affirmative election, CPAU will provide either Net Surplus Electricity Compensation in accordance with Electric Utility Rate Schedule E-NSE-1, for any net surplus electricity generated during the prior twelve-month settlement period, or bill credits resulting from net surplus electricity generation to be applied against electricity-related charges subsequently incurred by the Customer-Generator. f. If the Customer-Generator fails to make an affirmative election to receive Service pursuant to Net Surplus Electricity Compensation, then CPAU shall retain any excess electricity (expressed in Kilowatt-hours) generated during the prior twelve-month settlement period, and it shall not be obligated to pay Net Surplus Electricity Compensation, nor shall it be obligated to allow the application of net surplus electricity credits to be used against Energy charges subsequently incurred by the Customer-Generator. g. CPAU will allow a Customer to change the election option once each twelve-month settlement period provided that the Customer provides notice to CPAU one month prior to the beginning of new settlement period. 2. Monthly Billing a. Medium and large commercial Customer-Generators will be required to pay any balances due to CPAU on a monthly basis. b. Except as annual billing is provided for in this Rule 29, residential and small commercial Customer-Generators will default to owing balances due on a monthly basis, but may request annual billing as allowed for in California Public Utilities Code sections 2827 (g) and (h)(2)(c). NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 5 c. Standby service charges for backup or maintenance electric service will be waived, provided that the Customer-Generator qualifies for participation in net energy metering at the Service Address. d. For a Net Surplus Customer-Generator in a given month, any credits created will be carried forward to future months, to be used for future electric charges, until the end of the Customer-Generators Twelve Month True-Up Period. 3. Annual Billing a. Customers may request annual billing as allowed for in California Public Utilities Code sections 2827 (g) and (h)(2)(c).. b. Bill payment will not be considered delinquent, unless the Customer-Generator does not pay a final billing statement within twenty (20) days of the date of issuance of that final billing statement. c. For annually billed residential or small commercial Customer-Generators, the net balance of money owed to CPAU will be carried forward until the end of the twelve- month period. d. To accommodate annual billing, a Customer’s Electricity Service may be transferred to a separate Utility Account so as not to interrupt monthly billing for other recurring, non-electric Utility Services. 4. Additional Billing Rules Applicable to NEM Aggregation Customers a. For each monthly billing period, the amount of electricity generated from the Aggregation Customer’s Generating Facility during that billing period will be accounted for on a per kWh basis. b. The Aggregation Customer’s electricityenergy consumption will be totaled for each Beneficiary Account that is listed to receive kwh energy credits from the Generating Facility per the Customer’s Interconnection Agreement. c. Each Beneficiary Account will be allotted a portion of the Generating Facilities NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 6 energy equal to that Beneficiary Account’s relative share of Aggregation Customer’s total usage for the billing period. d. The total amount of energy produced by a Generating Facility will be allotted in each billing period. e. The billing for Beneficiary Accounts will be the same as NEM customers, as outlined in Section D.2(a) above, with the restriction that no Beneficiary Account is eligible for Net Surplus Electricity Compensation in accordance with Electric Utility Rate Schedule E-NSE-1, but may only carry forward energy credits. E. APPLICATION AND INTERCONNECTION PROCESS 1. Application Process CPAU shall process a request for the establishment of NEM and Interconnection from the Customer-Generator within the time period not exceeding that for Customers requesting new Electric Service; provided, however, that such time period will not exceed thirty (30) days from the date of (1) receipt of a completed Application form for Net Energy Metering Service and Interconnection from the Customer-Generator, (2) Electric inspection clearance from CPAU in accordance with California Public Utilities Code 2827(c)(2), and (3) building inspection clearance from the City of Palo Alto Building Inspection Division. If CPAU is unable to process the request within the thirty-day period or other applicable period, then CPAU shall notify the Customer-Generator of the reason for its inability to process the request and the expected completion date. 2. Interconnection Process The Customer-Generator will be required to sign either an Interconnection Agreement, as applicable, or an agreement containing substantially the terms and conditions of the above referenced agreements and agree to be subject to applicable Utility Rates and Charges and Utility Rules and Regulations in order to be eligible for NEM Service provided by CPAU. CPAU will make available all necessary forms and contracts for NEM Service for download from the Internet. F. GENERATING FACILITY DESIGN AND OPERATING REQUIREMENTS NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 7 1. Safety Standards The facility will meet all applicable federal, state and local safety and performance standards, including those established by the National Electrical Code (NEC), the Institute of Electrical and Electronic Engineers, and accredited testing laboratories such as Underwriters Laboratories (UL) and, as applicable, the rules of the California Public Utilities Commission regarding safety and reliability. The Customer-Generator whose facility meets those standards and rules will not be required to install additional controls, perform or pay for additional tests, or purchase additional liability insurance. 2. Design Standards In addition to the requirements more generally set forth in section D.1, Customer-Generator will: a. Conform to the applicable National Electric Code (NEC) Standards [NEC 690] and applicable building codes. b. Have a dedicated circuit from the inverter to the Service panel with a circuit breaker or fuse [NEC 690-64(b)(1)]. c. Have an overcurrent device at the Service panel will be marked to indicate solar power source [NEC 690-64(b)(4)]. d. Establish the following minimum specifications for Parallel Operation with CPAU’s Electric utility Distribution System. e. Install a visible break, lockable AC disconnect switch in the dedicated circuit to the inverter. This switch will be located where it is easily accessible by CPAU personnel and will be equipped with a CPAU padlock [CPAU Rule and Regulation 27]. f. Use an inverter that is UL 1741-appoved and have the following specifications for Parallel Operation with CPAU’s Electric utility Distribution System: i. Inverter output will automatically disconnect from CPAU’s utility source upon the loss of CPAU’s utility voltage and will not be reconnected until at least five (5) minutes after normal utility voltage and frequency have been NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 8 restored [UL 1741]. ii. Inverter will automatically disconnect from CPAU’s utility source within 120 cycles (2 seconds) if CPAU’s utility voltage isles than 106 volts or greater than 132 volts on a 120-volt base [UL 1741]. iii. Inverter will automatically disconnect from CPAU’s utility source within 10 cycles (0.17 seconds) if CPAU’s utility frequency fluctuations is less than 59.3 hertz or greater than 60.5 hertz [UL 1741] cycle. iv. Inverter output will comply with IEEE 519 standards for harmonic distortion [CPAU Rule and Regulation 27]. G. METERING 1. NEM may be accomplished by using a single Meter capable of registering the flow of electricity in two different directions. If the Customer-Generator’s existing Meter is not capable of measuring the flow of electricity in two directions, then the Customer-Generator shall be responsible for all expenses involved in purchasing and installing a Meter that is able to measure electricity flow in two directions. 2. In lieu of one Meter, an additional Meter to monitor the flow of electricity in each direction may be installed with the consent of the Customer-Generator, at the expense of CPAU. The additional Meter shall be used only to provide the information necessary to accurately bill or credit the Customer-Generator and/or to collect solar or wind Electric generating system performance information for research purposes. 3. Customer-Generator grants to CPAU, its officers, employees, agents and representatives the non-exclusive right of ingress and egress on, over and across the Premises upon reasonable prior notice for the purpose of inspecting and approving the installation and operation of the Facility and authenticating the accuracy of the Mmeter(s), or in the event of an emergency or in regard to a disconnection of the Facility, without notice, if in CPAU’s Director of Utilities’ sole judgment, a condition hazardous to life or property exists, and immediate action is necessary to protect life or property from damage or interference directly caused by the Equipment or as a result of the lack of properly operating protective devices. H. GENERAL REQUIREMENTS NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 9 1. Customer-Generator will obtain and maintain the required governmental authorizations, permits, and any policy or policies of insurance, including, without limitation, commercial general liability, property, and professional liability insurance, as may be required by applicable laws, subject only to subsection c below. 2. CPAU will not be obligated to accept or pay for, and it may require Customer-Generator to interrupt or reduce, the delivery of available energy generated by the Facility under the following: (a) whenever CPAU in its sole judgment determines that the interruption or reduction is necessary in order for CPAU to construct, install, maintain, repair, replace, remove, investigate, or inspect any part of CPAU’s electric utility distribution system; or (b) if CPAU determines that the interruption or reduction is necessary on account of an emergency, voluntary or involuntary outage, event of Fforce Mmajeure, or compliance with prudent electrical practices. 3. Notwithstanding any other provision of this Agreement, if CPAU determines that either (a) the operation of the Facility may threaten or endanger the health, safety or welfare of CPAU’s personnel or CPAU’s or its personnel’s property, or (b) the continued operation of the Facility may endanger the operational integrity of CPAU’s electric utility distribution system, CPAU will have the right to temporarily or permanently disconnect the Facility from CPAU’s Eelectric Uutility Ddistribution Ssystem upon the delivery of reasonable notice to Customer-Generator; provided, however, CPAU may act without giving prior notice to Customer-Generator, if CPAU determines that it is impracticable to provide the notice. The Facility will remain disconnected until such time as CPAU’s Director of Utilities is reasonably satisfied that the conditions referred to in this subsection have been corrected or sufficiently addressed. 4. Customer-Generator will (a) maintain the Facility, which interconnects with CPAU’s electric utility distribution system, in a safe and prudent manner and in conformance with all applicable laws, rules and regulations, including, without limitation, the requirements of this Section 3H, and (b) obtain any governmental approvals, authorizations and permits required for the construction and operation of the Facility. 5. Customer-Generator will reimburse CPAU for any and all losses, damages, claims, penalties, or liability that CPAU may incur or sustain as a result of Customer-Generator’s failure to obtain and maintain any and all governmental approvals, authorizations and NET ENERGY METERING SERVICE AND INTERCONNECTION RULE AND REGULATION 29 CITY OF PALO ALTO UTILITIES RULES AND REGULATIONS Issued by the City Council Effective 7-1-201610-26-2015 Sheet No. 10 permits that may be required for the construction, installation, operation, repair and maintenance of the Facility. Attachment E Page 1 of 3 Implementation of Council-Adopted Net Energy Metering (NEM) Successor Program Design Guidelines Guideline 1. Rates must be based on the cost to serve customers. This is the overriding principle for the NEM Successor Program development; all other design considerations are subsidiary to this basic premise. Based on the assessment completed by the City’s electric cost of service study consultant and staff, the proposed NEM successor rate is based on the cost to serve. Guideline 2. Consider and evaluate program options that compensate customers fairly and equitably for local renewable energy production. The combination of tiered, electric rate structures and NEM make solar installations on high- energy consuming households considerably more cost-effective compared to low- or average- energy consuming households. This combination hinders solar adoption by households that have average or low electricity consumption achieved through conservation and energy efficiency measures. The proposed NEM successor rate, which provides a flat rate based on the utility’s avoided cost for any energy exported to the grid, provides equitable and fair compensation to customers. Any energy generated that is used immediately on-site would effectively receive retail rate compensation for avoided energy purchases, similar to how a customer would be compensated for implementing an energy efficiency measure. Guideline 3. Consider and evaluate compensating solar participants at a rate equivalent to the value of solar to Palo Alto via “value of solar tariff”. A “value of solar tariff” is a rate design in which customers are compensated at a specified rate for all generation produced from their on-site systems. On-site consumption is metered separately and charged in full at the applicable retail rate for that customer class. It is often referred to as a “buy-all, sell-all” rate option, where no energy is netted on-site as is the case with the staff proposal. The compensation rate for the on-site generation would be based on the value of local solar energy generation calculated using avoided cost models that are utilized in all of the City’s resource acquisition and financial planning. An advantage of the value of solar tariff design is that it utilizes a standardized and transparent framework for valuing distributed generation that would be updated regularly. Staff ultimately did not propose a “value of solar tariff” option for two reasons. First, the customer may feel unsatisfied that generation from a solar PV system is not counted on a kilowatt-hour basis toward reducing on-site consumption, as is the case with an energy efficiency measure. Second, this option would require installing a second meter at the customer premise to measure all generation from the on-site system, adding cost and requiring significant changes to current processes and systems to implement. Attachment E Page 2 of 3 Guideline 4. Consider and evaluate the impact on the concurrent adoption of on-site generation and other demand-side technologies. Many of the same motivations that drive the adoption of solar PV may also drive customers to adopt other advanced energy technologies, such as electric vehicles (EVs), energy storage, smart thermostats, and building energy management systems. Staff evaluated the impact of the concurrent adoption of a solar PV system under the proposed NEM successor rate and other demand-side technologies. The NEM successor rate proposal provides an economic incentive for customers to load-shift to use energy from a solar PV system as it is being generated, prior to being exported to the grid. Customers could load-shift manually by changing behavior patterns, but more likely will utilize programmable and controllable loads, such as one or more of those listed above. Regarding energy storage in particular, currently the market for storage systems for residential customers in Palo Alto is extremely limited. CPAU has offered a pilot time-of-use rate1 to approximately 120 residential customers through the CustomerConnect advanced metering pilot program. However, the price differential between summer peak usage compared to summer off-peak usage is 7.64 cents per kWh, which is not sufficiently high to make behind- the-meter energy storage cost-effective based on current storage cost estimates, excluding any other potential benefits beyond energy arbitrage (charging the battery when the retail rate is lower and discharging to meet energy needs when the retail rate is higher). The proposed NEM successor rate would provide 9.416 cents per kWh differential that could be captured by energy arbitrage, which is the difference between the value of exported energy and the highest residential rate tier, thus increasing the value stream to prospective storage systems and expanding the storage market beyond the CustomerConnect pilot participants. Staff plans to bring forward an updated energy storage assessment for review in 2017, which will evaluate a variety of use cases, including residential and non-residential applications. Furthermore, staff is currently evaluating responses to a competitive solicitation called “Solutions to Leverage the Value of Distributed Energy Resources within the City of Palo Alto”, some of which could utilize behind-the-meter storage, in addition to other advanced energy technologies discussed above. Guideline 5. Consider and evaluate the likely impact on the rate of solar adoption and implications for meeting the Local Solar Plan goal. The overarching Local Solar Plan goal is to meet 4% of the City’s load from local solar by 2023, which translates to achieving 23 MW of installed local solar PV capacity. As discussed in the 2015 update on the Local Solar Plan (Staff Report 6649), the Local Solar Plan goal could be achieved with current and planned programs, existing incentives, and realistic forecasts for falling solar system prices. The analysis supported that the City could meet the goal without expanding rebates or NEM incentives beyond the 9.5 MW cap. Since that time, the 30% federal ITC was extended through the end of 2019, which provides substantial unexpected support for solar deployment. Palo Alto’s progress toward meeting the Local Solar Plan goal will be reevaluated on an ongoing basis as new policies and programs come forward for review. 1 http://www.cityofpaloalto.org/civicax/filebank/documents/32678 Attachment E Page 3 of 3 Guideline 6. Consider the ease of marketing and communicating the program to customers. Utilities customers are increasingly seeking more detailed information regarding their energy usage and costs, which makes communications and marketing considerations a primary concern in the development of rates and programs. During the research and development of a NEM successor rate, staff evaluated all rate options based on a number of criteria, including specifically the ease of marketing and communication. Utilities communications and marketing staff have assessed the proposed NEM successor rate and did not identify any significant communications-related barriers for the proposed program. Furthermore, at this point in time, staff does not anticipate needing additional resources for NEM successor program marketing and outreach efforts. Guideline 7. Assess technology constraints of program implementation. The seventh design guideline was to assess all technology constraints for implementing the proposed NEM successor rates and alternatives, along with associated staff and budget resource impacts. Staff evaluated a broad variety of NEM successor rate options and identified compatibility of each to CPAU’s existing systems and processes, such as the customer information and billing system and metering infrastructure. A mandatory time-of-use rate is not recommended because of the substantial resource impact of manually implementing such a rate prior to having full advanced metering infrastructure (AMI) deployment and a billing system capable of automatically processing the bills. AMI is identified as a long-term rate design issue for the electric COSA, and evaluation of time-of-use and other rate structures that AMI enables will be evaluated during Phase Two of the Electric COSA work plan. The NEM successor program will be revisited at that time in coordination with the COSA. Guideline 8. Consider and evaluate the impact on non-solar customers. The proposed NEM successor rate is based on the cost to serve, and the credit value would be updated annually to reflect the market value of solar energy, value of the RECs, avoided capacity charges, avoided transmission and distribution system losses, and avoided charges for transmission and ancillary services. Therefore, there would be no direct financial resource impact for eligible systems installed under the NEM successor. Attachment E Page 1 of 2 Bill Illustration for Residential Customer with Solar PV System under the Proposed Net Energy Metering (NEM) Successor Rate Table 1 below estimates the potential electric utility bill of a residential customer installing a solar photovoltaic (solar PV) system under the proposed Net Energy Metering (NEM) successor rate with a solar system sized to meet 50% of the customer’s energy usage on site. Each column is labelled as follows. 1. Total Energy Consumption (kWh): This column shows the customer’s total energy consumption on a monthly basis. This customer uses 12,184 kWh over the entire year, which is approximately two times the average residential consumption. 2. Solar Energy Production (kWh): This column shows the total energy generated from the customer’s solar PV system. This simplified example assumes that the customer sized the solar PV system to meet 50% of the total annual energy consumption shown in column 1. 3. Solar Energy Netted On-site (kWh): Under the proposed NEM successor rate, a customer’s solar PV generation will first meet simultaneous on-site energy needs, and then any excess energy generation is sent to the grid. This column shows the amount of energy that is netted on-site to meet instantaneous customer needs, which was estimated from analyzing hourly load data from the CustomerConnect advanced metering pilot and hourly generation data from the National Renewable Energy Laboratory’s PVWatts Calculator1. 4. Solar Energy Sent to the Grid (kWh): This column shows the amount of energy sent to the grid, summed over hours of the day when solar PV production exceeds on-site load. 5. Energy Delivered to Customer (kWh): This column shows the amount of energy delivered by the utility to the customer. This includes energy delivered at night and during times of the day when the customer’s on-site energy needs exceed the on-site solar PV generation. 6. Bill Charges for Energy Delivered: This column shows monthly bill charges to the customer after applying the proposed residential retail rate in the accompanying UAC report to the energy quantity shown in column 5. 7. Bill Credit for Energy Sent to the Grid: This column shows the monthly bill credits to the customer after applying the credit rate (7.485 ¢/kWh) to the energy quantity in column 4. 8. Monthly Bill with Solar: This column shows the customer’s monthly utility bill with their solar PV system under the NEM successor rate, after taking column 6 and subtracting column 7. During summer months, for some customers the credit for exported energy may exceed charges applied to the energy delivered to the customer, resulting in net credit. 9. Monthly Bill without Solar: This column shows what the customer’s monthly utility bill would have been without a solar PV system. The calculation takes the consumption in column 1 and applies the proposed residential retail rate. 10. Monthly Bill with Solar under NEM: This column shows what the monthly utility bill would be for a solar PV system installed within the NEM cap. The calculation takes the difference between total consumption and generation and applies the proposed residential retail rate. 1 http://pvwatts.nrel.gov/ Attachment E Page 2 of 2 Table 1: Bill Illustration of a Residential Customer with a Solar PV System under the Proposed NEM Successor Rate Month 1. Total Energy Consumption (kWh) 2. Solar Energy Production (kWh) 3. Energy Netted On-site (kWh) 4. Solar Energy Sent to the Grid (kWh) 5. Energy Delivered to Customer (kWh) 6. Bill Charges for Energy Delivered 7. Bill Credit for Energy Sent to the Grid* 8. Monthly Bill with Solar 9. Monthly Bill Without Solar 10. Monthly Bill with Solar Under NEM Jan. 1,400 327 244 84 1,156 $175 ($6) $169 $217 $161 Feb. 1,204 314 250 64 954 $143 ($5) $138 $184 $132 Mar. 1,061 519 309 210 752 $107 ($16) $91 $160 $72 Apr. 918 610 311 299 607 $83 ($22) $61 $136 $34 May 885 704 341 363 543 $72 ($27) $45 $130 $20 June 882 659 352 307 530 $70 ($23) $47 $130 $25 July 929 711 377 334 552 $73 ($25) $48 $138 $24 Aug. 894 582 312 270 582 $78 ($20) $58 $132 $34 Sept. 930 551 301 250 629 $87 ($19) $68 $138 $45 Oct. 943 467 266 201 677 $94 ($15) $79 $140 $60 Nov. 954 348 191 157 764 $110 ($12) $98 $142 $83 Dec. 1,184 299 198 101 985 $147 ($8) $139 $180 $130 Total: 12,184 6,092 3,452 2,640 8,732 $1,240 ($198) $1,042 $1,825 $820 *All credits shown in parentheses. Table 2: Annual Bill Comparison of Residential Customer with a Solar PV System Annual Bill Comparison for Customer Illustration Annual Bill with Solar under Proposed NEM Successor Rate (column 8) $1,042 Annual Bill with Solar under NEM (column 10) $820 Annual Bill Difference Between NEM and NEM Successor $222 Annual Bill without Solar (column 9) $1,825 December 30, 2015 City of Palo Alto, City Council 250 Hamilton Ave. Palo Alto, CA 94301 Re: Item #5, Finance Committee Recommendation that the City Council Approve Design Guidelines for the Net Energy Metering Successor Program – OPPOSE UNLESS AMENDED Dear Members of the City Council, Energy Freedom Coalition of America ("EFCA") is a national advocacy group that seeks to promote both the public awareness of the benefits of solar and alternative energy, as well as the use of rooftop and other customer-owned and third-party owned distributed solar electrical generation, for residential and commercial applications. EFCA applauds the City of Palo Alto Utilities’ (CPAU) effort to undertake a thorough and thoughtful process in developing a solar program that will continue to promote rooftop solar adoption for Palo Alto’s residents. However, the guidelines as currently written are incomplete and should not be approved. Before the City Council approves the proposed guidelines, we recommend adding a new guideline and expanding several of the current guidelines. New Guideline We strongly recommend that a new guideline be added, for a total of 7 guidelines. New Guideline: Evaluate the benefits and costs of continuing the NEM program without modification after the cap has been reached. CPAU has the authority to continue its NEM program after the cap has been reached, and should strongly consider this option. NEM is a simple, effective, and reliable payment mechanism that fairly compensates solar customers for the value their systems provide to the grid. NEM has been crucial to the widespread adoption of solar in California, and now exists in 44 states. In California, NEM has leveraged more than $10 billion in private investment, reduced electricity demand, and helped support more than 54,000 in-state jobs. Rooftop solar is vital to continue growing the clean energy economy, both locally and across the state, and to meeting the state’s ambitious clean energy goals. Continuing NEM will provide market certainty and predictability, and will help local homeowners, schools, and businesses to save on their electric bills while reducing greenhouse gas emissions. Moreover, NEM requires only a single meter, provides a form of compensation that is not subject to federal income tax, and gives customers the satisfaction of offsetting their own usage with renewable power. If changes to the current NEM program are considered, CPAU should examine changes that “phase-in” gradually over time. One of the most successful programs in the country for promoting rooftop solar at a reasonable cost was the California Solar Initiative, which was structured as a 10-year program with incentives that stepped down gradually and predictably as the solar market grew in size. This program design worked well because the long-term nature of the program sent a signal to investors that the incentive regime would not change abruptly, while the gradual step-down of incentives aligned the incentive structure with the long-term solar cost trajectory. When designing any successor NEM tariff, CPAU should consider one that creates long-term stability and predictability for the market, rather than one that could be reviewed and changed on an ad hoc basis. Modifications to Existing Guidelines In addition to the new guideline listed above, we recommend several modifications to the existing guidelines. Current Guideline 1: Evaluate program options that compensate customers fairly and equitably for local renewable energy production. Proposed Guideline 1: Evaluate program options that compensate customers fairly and equitably for local renewable energy production. Consider environmental benefits, short-term and long-term system cost savings from behind-the-meter, and consistency with the objectives of AB 327. Behind-the-meter solar provides several benefits to the grid which results in reduced costs for all ratepayers. In the short-term, when a generation resource is located behind a customer’s meter, it is avoiding line losses when compared to more remote generation that is delivered across transmission and distribution facilities. In the long-term, distributed generation may enable a utility to avoid or defer large-scale capital transmission and distribution projects and associated maintenance and upgrades. CPAU’s NEM successor program should adequately take into account these avoided costs when assessing any perceived “cost-shift” between solar and non-solar customers. Should CPAU choose not to continue its current NEM program after the cap has been reached, the successor program should be aligned with the goals and requirements outlined in Assembly Bill 327 (AB 327). While AB 327 has directed the CPUC to adopt a successor program to NEM by 2016, the new program must ensure that (1) the total benefits of the new tariff must be equal to the total costs; and (2) customer-sited renewable distributed generation continues to grow sustainably. All NEM successor programs considered by CPAU should be consistent with these requirements. There are a number of changes that could be made to the existing NEM program, such as minimum bills for NEM customers that could address ratepayer equity issues while maintaining a viable NEM program that continues progress toward CPAU’s energy and climate goals. Current Guideline 2: Consider compensating solar participants at a rate equivalent to the value of solar to Palo Alto via “value of solar tariff.” Proposed Guideline 2: Consider compensating solar participants at a rate equivalent to the value of solar to Palo Alto via “value of solar tariff”. Thoroughly review both the positive and negative attributes of a “value of solar tariff”. A “value of solar tariff” (VOST) is a rate design in which customers are compensated at a specified rate based on the value of local solar energy generation for all generation produced from their on-site systems. Unlike NEM, a VOST does not allow a customer to consume their on-site generation before selling to the utility. While a VOST appears to be straight forward and transparent, it has many negative attributes. One primary issue is that a VOST creates a hidden tax for ratepayers, as the income paid to the solar customer by the utility for solar electricity may be subject to income tax, and in some cases may even make customers ineligible for the federal investment tax credit on their solar systems. The fact that VOSTs may be regularly updated also poses an issue, as this wavering rate guarantees regular market uncertainty that can be harmful to solar customers. Customers in states like Texas and Minnesota where VOSTs have been introduced have quickly seen the value compensated to them for their solar decline. While a VOST may appear to provide a fair market value to distributed generation, its many negative attributes make it a confusing and potentially harmful alternative to NEM. CPAU should carefully examine these issues before considering a VOST as a fair alternative to NEM. Current Guideline 5: Consider the ease of marketing and communicating the program to customers. Proposed Guideline 5: Consider the ease of marketing and communicating the program to new and existing customers. Prioritize a program design that is easy to understand, and does not harm existing NEM customers. NEM is a simple, easy to understand, and trusted program that has been in effect in California for almost two decades, making it the most established state incentive for solar and other distributed generation technologies. CPAU should carefully consider the significant customer outreach and education that will be necessary to minimize confusion and harm to behind-the-meter solar adoption should the NEM successor program differ significantly from the current NEM program. CPAU should ensure that any NEM successor tariff does not harm existing NEM customers. When customers make the substantial investment to buy a rooftop solar system, they typically assume that their electric rate and NEM compensation mechanism will not change for the life of the solar system. Requiring existing NEM customers to transition onto a new tariff will change the return on investment for those customers in a way most likely did not expect. The CPUC has approved a NEM transition period that allows current NEM customers to continue on their current NEM tariff for 20 years after their install date. The CPAU should carefully consider the impact on existing NEM customers when developing a successor tariff and should provide guidance on a transition plan. Palo Alto has long been a leader in innovative rate and program designs, and we hope this post-NEM program continues that trend. Thank you for taking comments on this important issue. We look forward to working with you as this process continues. Regards, Julia Jazynka Associate Energy Freedom Coalition of America, LLC EXCERPTED DRAFT MINUTES OF THE APRIL 12, 2016 UTILITIES ADVISORY COMMISSION SPECIAL MEETING ITEM 2. ACTION: Staff Request that the Utilities Advisory Commission Recommend that City Council approve the Proposed Net Energy Metering Successor Rate E-EEC-1 and Net Energy Metering Grandfathering Policy Resource Planner Aimee Bailey summarized the written report. Bailey stated that a State requirement requires net energy metering (NEM) until a cap is reached. She explained that NEM is like “rolling the meter backward” by providing full retail rate compensation for distributed generation, which in Palo Alto are rooftop solar photovoltaic (PV) systems. Palo Alto’s NEM cap is 9.5 MW and when it is reached, a successor program is needed. Bailey discussed the 8 NEM Successor Program design guidelines that were reviewed by the UAC in November 2015 and approved by Council in January 2016. She noted that the NEM successor rate must be consistent with the cost of service and must be compliant with Proposition 26. Bailey mentioned that the City’s installed NEM capacity was 7.5 MW as of mid- February and that the City may reach its NEM cap by the end of 2016. However, if a few large systems were installed by commercial customers, the cap could be reached quickly and, therefore, a successor program needs to be in place to provide certainty for customers contemplating installing solar PV. Bailey noted that there is a proposed bill in the State legislature (Assembly Bill 2339) that may require the NEM cap to be calculated differently—and could double the City’s NEM cap, but it is still in the legislative review process and may be amended. If and when the bill is signed into law, Palo Alto would comply. Bailey presented the proposed rate: a two-part rate that charged the retail rate for any energy delivered to the customer and a credit applied for any energy delivered to the grid. The credit rate is based on the short-term value of solar and would change every year as that value changes. For FY 2017, the proposed credit rate is 7.485 cents per kilowatt-hour (₵/kWh). Bailey showed an illustration of a customer with a solar PV system to show when energy usage is greater than PV generation and when PV generation is greater than usage. She showed an illustration of a PV customer’s bill with the current NEM program compared to the proposed NEM successor program. Bailey described the components of the proposed credit rate for FY 2017 of 7.485 ₵/kWh: 3.02 ₵/kWh for avoided energy cost + 1.45 ₵/kWh for the environmental attribute + 0.58 ₵/kWh for capacity + 2.00 ₵/kWh for avoided transmission costs and ancillary service value + 0.44 ₵/kWh for avoided transmission and distribution system losses. Commissioner Ballantine said that smart inverters, if installed or required in the future, could increase the value of the ancillary services used in the credit rate calculation. He remarked that he hoped that an expanded discussion on this topic may be better suited for the upcoming UAC meeting in June when the rolling calendar shows the subject of storage and microgrids on the agenda. He asked how the City will encourage people to stabilize the grid using advanced inverters. Bailey confirmed that the proposed credit rate did not include any additional value stream that advanced inverters could provide. She said that the City is very interested in this subject and released a request for proposal for encouraging distributing energy resources. Commissioner Schwartz noted that Arizona Public Service has a good program for managing inverters that the City could potentially learn from. Commissioner Danaher asked why the energy value is only 3.02 ₵/kWh since solar generation is in the middle of the day. He asked what the City’s energy costs are and how the value was developed. Bailey explained that the energy value is based on the shape of solar energy production so that it is higher than energy generation that occurs on a “flat” 24/7 basis. She said it was a short-term value based on the forward prices for mid-day energy for FY 2017 and is consistent with all assumptions used to manage the City’s electric portfolio. Commissioner Danaher asked if the value included the Renewable Energy Certificates (RECs). Bailey explained that the RECs are included and are currently valued at 1.45 ₵/kWh. Bailey said that the energy value was for the solar generation profile and, therefore, takes into account the timing of the energy generated at peak demand. Vice Chair Cook asked how this value compared to the avoided cost of local solar used in the Palo Alto CLEAN (feed-in tariff) program. Assistant Director Jane Ratchye explained that one of the fundamental differences between the proposed credit value for the NEM successor program compared to the avoided cost of solar for the CLEAN program is that the NEM successor value is based on a short-term avoided cost (for FY 2017) while the CLEAN program is based on a long-term levelized cost over a 20- or 25-year period. Commissioner Schwartz asked if the City can use the excess capacity generated by PV systems in excess of the customer’s usage. Bailey noted that many customers do not export any energy, but use most or all energy generated on site. She added that solar generation does assist the City in lowering its peak demand, which reduces its costs for capacity needs and that the proposed credit rate includes that value of local solar. She said that this value will be re- evaluated every year, which is part of the reason that the credit rate will be adjusted annually to ensure that local solar generation is fairly compensated at full value. Bailey noted that NEM will require a bidirectional meter that would be required to measure separately the energy delivered to the customer as well as the energy received from the customer. She said that the meter would be paid for by the utility (all ratepayers) as meter replacement is part of the long-term plan. However, the customer would pay an interconnection fee under the Electric Service Connection Fee schedule (Rate Schedule E-15) that is currently being revisited (estimated to be a one-time fee of $100-$200). She added that the City would likely be required to issue 1099s for exported energy if its value exceeded $600 annually. Bailey noted that customer economics for solar PV depend on many factors including the fraction of energy used on site versus the amount exported, solar PV costs, federal incentives, and other tax implications. She said that if all solar energy is used no-site and none is exported to the grid, the proposed NEM successor program is effectively identical to the current NEM program and customer economics do not change. Bailey said that this is the case for most commercial customers who use all the energy they generate on site. Customers who shift energy usage to times when their PV system is generating would improve the economics of their system. Commissioner Schwartz asked about the impact of storage on customer load and whether there is some optimization that could occur. Bailey said that staff is evaluating that impact in its evaluation of storage and other distributed energy resources (DERs). She pointed out that this was discussed in Attachment B of the report, which addresses each of the Council-approved NEM successor program design guidelines. Bailey mentioned that the proposed rate encourages storage and other DERs, especially in light of the impact of renewables on the grid and the “duck curve” issues. Commissioner Ballantine said that if the maximum amount of roof space in the City was used for solar PV generation to effectively power Palo Alto, but the one “bad day” occurred with a power outage, the lack of smart inverters would result in a drop of all the load in Palo Alto. He encouraged the City to find ways to encourage smart inverters and the local use of storage to avoid that potential problem. Bailey described the proposed grandfathering program that would enable NEM customers to remain on NEM for 20 years from the time of interconnection and to expand their systems by up to 10% of the original system capacity after the NEM cap is reached. Public Comment Tom Kabat said that NEM rules were very valuable to get PV off the ground and the industry did respond to these incentives resulting in a dramatic lowering of costs. Now the industry has expanded and costs have come down to between 6 and 9 cents per kWh over the life of the system. He said that the City’s “game changing” carbon neutral policy makes the investment in local solar less valuable since the new resources added to the electric portfolio are low-priced solar located outside the City. He said that the staff estimate of the value of local solar is fair and is not overpaying as in the Palo Alto CLEAN program. The staff proposal is fair to current PV customers (by grandfathering them in for the life of their investments), to future PV customer (by fairly valuing their generation and requiring them to pay the normal cost for energy delivered to them), and to their shaded neighbors and other non-PV customers (since they don’t have to pay higher rates to support PV customers). The program also encourages energy storage (to take on the duck curve problem), and is a policy to encourage electrification, which is the way to reduce carbon emissions since the City’s electric portfolio is already carbon neutral. Gina Goodhill Rosen, a representative of Solar City, supports the NEM grandfathering proposal, but strongly opposes the successor program as she says it undervalues the solar generation produced. Without a comprehensive, rigorous analysis of both the costs and benefits of NEM, the consideration of the proposal should be delayed. NEM fairly compensates solar customers, has been working well and is part of the reason the solar industry has been so successful. Solar has brought many jobs and millions of dollars of investment to the state and city. The proposal does not fairly compensate PV customers for the benefits they provide to the grid and compensates them at a significantly lower rate than the Palo Alto CLEAN program does. This mixed message is confusing to customers and implicitly recognizes that there are benefits of local solar that are not being recognized in this proposed NEM successor program. This proposal does not support the City’s and state’s climate goals and is in stark contrast to the California Public Utilities Commission’s (CPUC’s) decision to continue NEM for the investor- owned utilities (IOUs) who serve the large majority of the state’s residents and businesses. Legislation (AB 2339) may expand the NEM cap for municipal utilities or the City could independently choose to expand its own cap. She said that the City should delay action on the NEM successor program until the legislation has been enacted. Chair Foster asked Ms. Rosen to expand upon the CPUC decision with respect to the IOUs. MS Rosen said that the CPUC adopted basically a continuance of NEM for the IOUs after a year-long stakeholder review process. Chair Foster for staff’s comment about the CPUC decision to continue NEM. Bailey said that the City is not subject to CPUC regulations and the IOUs are not subject to Proposition 26. Bailey reiterated that the credit rate proposed is a cost-justified rate that was developed in concert with the Electric Cost of Service Analysis (COSA) and that it is compliant with Proposition 26, which is the overriding consideration for the development of this rate. Chair Foster asked for staff’s comments on the disparity between the proposed credit rate of 7.485 ₵/kWh and the Palo Alto CLEAN price of 16.5 ₵/kWh. Ratchye mentioned that the Palo Alto CLEAN rate is available to all customers, including residential customers, so customers are free to participate in the Palo Alto CLEAN program and get the16.5 ₵/kWh rate for all the energy generated by their PV system. Bailey explained the differences between the CLEAN program price and the NEM successor credit rate. For one, the CLEAN price is fixed for a 20- or 25-year period, but the NEM successor rate would change every year as the avoided cost changes (up or down) over time. Also, the energy component of the rate is calculated using market rate forecasts for what the City would buy energy from the market for the next year for an energy production profile of solar energy generation. The energy avoided cost for the CLEAN price was calculated by taking the average of the best ten proposed prices received in the most recent Request for Proposals (RFP) for long-term renewable Power Purchase Agreements. Chair Foster asked if there is any choice on this, or is the City stuck by the Proposition 26 requirement. Deputy Senior Assistant City Attorney Jessica Mullan said that there are always choices, but the legal requirement is to have rates that are cost justified such as the proposed rate. Any other proposal would require the consultant to determine that it was cost justified. Commissioner Ballantine asked whether the Palo Alto CLEAN price is compliant with Proposition 26. Ratchye explained that the CLEAN price is for resources procured for the whole portfolio so that the cost is shared by all customers, but that customer rates need to comply with the cost-based requirement of Proposition 26. Commissioner Schwartz noted that Solar City has a different business model than the City. She said that the City is also tasked with keeping rates and costs low for the ratepayers. She said that as you look at the evolving industry and that the City has done much to encourage solar, but this is a place where the City can control costs to residents and not unduly burden those with lower energy usage or those who cannot install solar on their homes. She said that his is one place where we can minimize costs to residents and not unduly burden the people who have shade trees and won’t put solar on their house or if their usage and bills are too low and the staff recommendation does that and she supports it. Commissioner Schwartz said she was called by someone selling solar installer today who asked if her bill was under $75 and she said yes, then they hung up on her. Commissioner Danaher said he supports continuing NEM as suggested by Ms. Rosen in Mountain View or other places, but in Palo Alto, we have large contracts for solar energy that are a less expensive way to provide solar to the City. He only reluctantly supports the CLEAN program price since he wants to get renewable energy at the lowest possible cost. He supports the staff proposal, especially until there are smart inverters that could provide an actual extra local benefit for local solar. Vice Chair Cook supports continuing NEM, which he said is what this proposal does. He said that as the technology gets less expensive over time, the same incentive is not required. He said that continuing the program at a lower cost makes sense. ACTION: Commissioner Schwartz moved to recommend that the UAC recommend Council approve staff’s proposal and Vice Chair Cook seconded the motion. The motion carried unanimously (5- 0) with Chair Foster, Vice Chair Cook, Commissioners Ballantine, Danaher, and Schwartz voting yes and Commissioners Eglash and Hall absent.